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On October 20, the SASAC released an official announcement revealing that, following approval from the State Council, National Data Group Co., Ltd. has been officially established. The SASAC will act on behalf of the State Council to carry out the responsibilities of the contributor, and will include the company in its roster of enterprises for which it assumes contributor duties. With a primary focus on the development and utilization of data resources, the National Data Group has set its core mission and main business in this domain. Based in the Xiong'an New Area of Hebei Province, the company is dedicated to advancing the development and utilization of data resources, unlocking the potential value of data elements, supporting the growth of artificial intelligence, and nurturing a vibrant and flourishing data industry ecosystem.
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