China's Digital Transformation

The success of digitalizing China’s economy—started much later than in the U.S. and Europe—within just a few years propelled the country to leadership across many indicators. The rapid development of digital technologies not only in business but also in China’s public administration created fertile ground for numerous deep studies. Chinese entrepreneur and billionaire Ma Huateng analyzes how exactly digital transformation affects economic and social aspects of people’s lives, including the fight against poverty and overall growth in well-being. He reveals the secrets of China’s success in implementing the digitalization strategy, its features and the subtleties of combining it with national specificity. The book explains how the digital economy opened doors for Chinese internet companies into a golden era of development, and how the brilliant results of digitalization lifted the country to the world level of economic development.

About the author

Ma Huateng is a Chinese entrepreneur and billionaire, the founder and chairman of the board of directors of the telecommunications company Tencent. At the time of the book’s release, he holds 20th place in the Forbes ranking of the world’s billionaires. The Tencent instant messaging program QQ gave birth to a new youth internet culture and was used as a powerful commercial and marketing tool—allowing Ma Huateng’s company to achieve leadership in other segments: online games, social networks, and electronic payment systems.