To take on competition, companies should embrace digital intelligent transformation to boost advantages, business performance, and to pursue sustainable development, said Wang Wenjing, chairman and CEO of Yonyou Network Technology Co Ltd, China's leading software and cloud service provider.

The comments came as the digital economy is becoming a key force in reorganizing global resources, reshaping the global economic structure, and changing the global competitive landscape.

Wang said companies of different sizes have different ways to promote digital intelligence. For large enterprises, a better choice is to combine the development of agile applications that quickly respond to changes, and stable and continuous applications.

For small and medium-sized enterprises, Wang said the key path is to adopt public cloud services and choose leading cross-domain cloud service platforms. On the basis of that, SMEs can choose industrial internet platforms to explore markets.