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On February 1st, 2016, an alliance of industrial internet in China annouced its establishment, it was initially co-sponsored by around 40 organizations including companies, research institutes and universities of China, focuses on research and development of relevant technology, standards, integrating the newest internet innovations to boost Chinese manufacturing and propel industrial upgrading.
Now it has 143 members including the companies from overseas such as Bosch,Intel, GE. Similar to the fourth industry revolution or Industry 4.0 of Germany, it is predicted that with every percentage of increasement of industrial internet’s efficiency, it will generate three trillion yuan worth of business growth in China.