Digital Transformation of Chinese Small and Medium-sized Enterprises

Abstract

Under the context of the rapid development of the digital economy in the global world, Digital Transformation (DT) for Small and Medium-sized Enterprises (SMEs) is becoming increasingly significant for various countries that are seeking sustainable development. In China, DT has been considered as a key project for future strategic development recently, as well. Therefore, the majority of SMEs have embarked on DT due to the motivation of either the market environment or governmental policies. However, as DT is a complicated and new proposition for SMEs, many of them have faced a series of challenges and issues. Hence, after considering the opinions of other scholars, detailed data, and reviews, this study hopes to give a brief introduction to the current circumstances and solutions to diverse issues that SMEs have met in order to assist SMEs in gaining a better understanding of DT. This paper may provide helpful insights for both the policy makers and financial investors.