Recently, the National Development and Reform Commission, together with relevant departments, conducted in-depth research to understand the development of platform enterprises and sorted out a batch of typical investment cases. From the research situation, it can be seen that platform enterprises continue to increase their investment in areas such as technological innovation and empowering the real economy. In the first quarter, the top 10 platform enterprises in China's market value increased their investment efforts through independent investment or subsidiary investment. The proportion of investment in fields such as chips, autonomous driving, new energy, agriculture, etc. continued to increase, with a month on month increase of 15.6 percentage points. Supporting technological innovation and assisting in achieving high-level technological self-reliance to enhance the core competitiveness of enterprises, platform enterprises are increasing their investment in technological innovation. From 2020 to 2022, the top 10 platform enterprises in market value invested over 500 billion yuan in research and development, with an average annual growth rate of 15%. The total number of authorized patents exceeded 50000, becoming a key force in technological innovation. Tencent continues to invest in supporting Shanghai Suiyuan Technology Co., Ltd., strengthening the development of core businesses such as cloud computing platform products and services in the field of artificial intelligence, and promoting the research and commercial implementation of domestically produced high-performance AI chips. The products have been applied in artificial intelligence application scenarios such as cloud data centers, supercomputing centers, pan Internet, and smart cities, providing the industry with more independent and controllable product and service choices. Meituan invests in Rongxin Semiconductor (Ningbo) Co., Ltd. to strengthen the main business of mature process characteristic process 12 inch wafer manufacturing, wafer level packaging testing, and carry out research and development of main products such as image sensors and display drivers, providing underlying support for businesses such as drones, automatic delivery vehicles, and data centers. Promoting the transformation of traditional industries and promoting high-quality development of the real economy. Platform enterprises with technological, traffic, and data advantages can help attract upstream and downstream enterprises in the convergence industry chain to join the ecological and collaborative innovation, jointly promote the deep integration of digital technology and the real economy, promote the efficiency improvement of traditional industries, optimize business models, and promote the high-end and intelligent development of traditional industries. Alibaba has invested in supporting Huitongda Network Co., Ltd. to serve the sinking retail industry in the market, introducing high-quality supply chain services to Taobao merchants, supporting Huitongda to improve service quality, expand service scope, help over 500 townships and 27000 paid store SaaS+users achieve digital upgrading, and promote nearly a thousand agricultural products from villages to cities. In addition, Alibaba invested and supported Chongqing Hongjiu Fruit Products Co., Ltd. to achieve Vertical integration of fresh fruits from processing, packaging, warehousing to transportation, explore and solve the problems of large distribution loss rate, poor distribution stability, and difficult quality unification in the fresh fruit industry, effectively promoting the development of Digital transformation of agriculture. Meituan independently develops unmanned delivery vehicles, achieving international leading technical indicators in obstacle prediction model algorithms and other aspects. During the fight against the COVID-19, the unmanned distribution vehicle was used to distribute medical supplies in the closed control area and life supplies for the elderly living alone, which effectively reflected the change of life through technology. Enhance core competitiveness and demonstrate their skills in international competition. Platform enterprises strengthen technological innovation and application, while enhancing their own core competitiveness, actively participate in international competition, expand the international market, and continuously enhance their international influence. Meituan Investment