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On November 28, the activity on “20-year development of platform economy in Hangzhou” was held in Hangzhou Future Sci-tech City, releasing Hangzhou Report on 20-year Development of Platform Economy.
The report points out that, from 2003 to 2023, the GMV of major platforms in Hangzhou increased from 23 million yuan to 8,580 billion yuan, and it has grown by more than 370,000 times in the past 20 years.
Different types of platform enterprises in various fields, such as Alibaba and NetEase, have rapidly risen in Hangzhou over the past 20 years.