Transform and reshape the Internet industry throughout 2022. At present, the consumer Internet has entered a bottleneck period of growth, the growth of "super APP" users has slowed down, and the Internet giants have moved from a rapid growth period to a mature period. Data from the National Development and Reform Commission shows that by the end of July, the number of mobile Internet users in China had reached 1.455 billion. The stock market has become saturated, and new breakthroughs are needed if we want to continue to develop. This year, with the integration and reform, Internet giants competed with each other to ask the way of "reality", and took the digital transformation of the real economy as the starting point to promote the integration of data and reality to an unprecedented strategic height. This year, the project of "counting from the east to the west" was fully launched. Enterprises went to the cloud as a major trend. The rules of data trading venues were clear. Driven by multiple factors such as policy support and market competition, China's digital economy ushered in a golden age. In January 2022, the Fourteenth Five Year Plan for Digital Economy Development defined "deep integration of digital technology and real economy" as the main line of China's digital economy development, and proposed the development goal of "significantly improving the level of digital industrialization". The industry generally believes that the digital economy has become an important driving force for economic development. The scientific and technological content of the capital market is also rising. In the first three quarters of this year, there were 99 A-share IPO companies with digital economy as the core industry, accounting for nearly one third of the total number of A-share newly listed companies; The capital raised through IPO reached 210.95 billion yuan, accounting for 43.4% of the total amount of A-share IPO. The integration of data and reality is the key point of digital economy. Since this year, the Internet giants have followed the trend, deeply rooted in the number of real sectors, and organically integrated the technology accumulation of the consumer Internet era with traditional enterprises, with remarkable results. According to Tencent's third quarter report, the revenue of financial technology and enterprise services (digital and real sector) was 44.8 billion yuan, up 4% year on year, accounting for 32% of the total revenue from 30% in the same period last year. It surpassed the online game sector and became the key engine driving Tencent's performance development. Alibaba's financial report for the second quarter of fiscal year 2023 (i.e. the third quarter of 2022) shows that during the reporting period, the revenue from non Internet industries in the company's cloud business increased by 28% year on year, accounting for 58% of the sector's revenue, mainly driven by the digital demand of non Internet industries such as finance, telecommunications and public services. Zhao Gang, president of Saizhi Industrial Research Institute, told the Securities Daily that in 2022, the integration of data and reality will be the key business actively deployed by Internet giants and one of the important directions of platform economic transformation. "China has the largest digital economy market player and the richest application scenarios in the world." Xu Hui, Executive Director and CEO of Innovation Qizhi, told reporters that the Chinese digital economy must be the integration and development of digital technology and the real economy. In particular, the current digital transformation of China's industry is in a climbing period, and it is necessary to continue to deepen and promote the integration of industrialization, automation and information technology. On the basis of digitalization, we should further enable artificial intelligence technology to promote intelligent transformation and upgrading, so as to achieve the goal of manufacturing a strong country. In the future, the industry will continue to