史晋川谈鼓励民企创新：技术创新和商业模式创新不可厚此薄彼

On October 25th, Shi Jinchuan, a senior professor of humanities at Zhejiang University and deputy director of the Zhejiang Provincial Government Advisory Committee, stated that the government should not differentiate between technological innovation and business model innovation; both are equally important. He cited the example of Liang Wenfeng, the founder of DeepSeek, who originally engaged in quantitative investment, which is a financial model and falls under the category of business models. He further referenced Alibaba's creation of "Double 11" over a decade ago, noting that "Double 11" brings extremely high order peaks, which may be economically unreasonable, but in reality, Alibaba's creation of "Double 11" not only promotes platform economy sales but also enhances hardware and algorithm improvements and innovations through big data, driving the development of Alibaba Cloud