Shen Nanpeng, founding and managing partner of Sequoia Capital China

China's service manufacturing industry has great potential for optimization. Shen Nanpeng, founding and managing partner of Sequoia Capital China and also a member of the CPPCC, suggested utilizing industrial data for the transformation of manufacturing industry.

Shen suggested accelerating the compatibility and adaptation of industrial sensors and communication protocols, and strengthening data support capacity through technological transformation and new technologies.

He also suggested reducing development costs and expanding digital technology service providers based on real enterprise demand scenarios.