China established National Data Group Co., Ltd. in Xiong’an New Area, Hebei province, on Oct. 20. The group is a central state-owned enterprise whose main responsibility is the development and utilization of data resources, with headquarters in Xiong’an.
The group was set up to advance data resource development and utilization, unlock the value of data elements, support artificial intelligence development and foster the data industry ecosystem, according to the company. After its establishment, it will strengthen central-local coordination and industrial collaboration under the guidance of relevant authorities, promote shared capabilities, experience and business expansion, and work to grow data value, strengthen the data industry and improve the data ecosystem.
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