The research report 1688 Helps the Supply Chain of Domestic Trade Industrial Chain was jointly published by Alibaba Group 1688 and Wuhan University on January 24. The report was completely by the research group of Professor Min Zhang and Professor Weiwei Yan, and based on a six-month in-depth investigation of small and medium-sized enterprises and large platform-based enterprises.

As chief expert of the report, Min Zhang introduced the core scientific issues, investigation, research framework and the application of the latest achievements to the expert group. The members of the research group introduced the report in detail from five aspects as followings: policy analysis, 1688 industrial product professional standard library, 1688 industrial belt digital map, 1688 vertical industrial chain and general business logic of 1688’s role in China's industrial stability.

The report pointed out that geopolitical threats and the trend of anti-globalization of industries have brought unprecedented challenges to China's industrial stability, the digital supply chain platform represented by 1688, especially the industrial product professional standard library, industrial belt digital map and vertical industrial chain, and so on has provided a relatively complete solution for the healthy development of China's digital economy. The industrial product professional standard library set up by 1688 has formed a "new model" for the construction of industrial product circulation standard system in China. The industrial belt digital map is a "new tool" to break through the solid barriers of digital world and reality, and stabilize the chain, while the construction of vertical industrial chain is equivalent to create a "new encyclopedia" to the whole chain of industrial chain.

Based on the global vision and industrial depth, the research group of Professor Min Zhang and Professor Weiwei Yan have been deeply involved in the fields of industrial big data, industrial digital transformation and industrial competitive intelligence, and have provided think tank service for government and enterprises for a long time, and have made a series of important progress.