On November 23, the International Liaison Department of the CPC Central Committee and the CPC Zhejiang Provincial Committee jointly held a special promotion meeting in Hangzhou on "The Story of the Communist Party of China - Promoting High-quality Development". The Chinese leaders attending the meeting included Song Tao, Minister of the International Liaison Department of the CPC Central Committee, and Che Jun, Secretary of the Zhejiang Provincial Party Committee. The guests included nearly 400 foreign party leaders and representatives from more than 80 political parties.

General Secretary Xi Jinping attaches great importance to the development of the digital economy. Alibaba is a representative of the rapid development of China's digital economy. Gao Hongbing, Vice President of Alibaba Group and Dean of Alibaba Research Institute, was invited to attend the meeting and share the story of Alibaba's innovation. At the meeting, Gao Hongbing said: "Alibaba is a story of innovation in the private economy and a story of innovation in the digital economy. Alibaba is a beneficiary and practitioner of reform and opening up, and Alibaba is a beneficiary and practitioner of the '88 Strategy'. Alibaba is willing to share its experience with the world, cooperate with the countries and regions present, and enjoy the dividends brought by the digital economy together."

Gao Hongbing introduced that 19 years ago, Jack Ma and 18 others founded Alibaba in Hangzhou to help small businesses and young people start businesses, and set "making it easy to do business in the world" as Alibaba's mission.

In 2016, Alibaba surpassed Walmart to become the world's largest retail platform in terms of annual transaction volume. In the following two years, Alibaba's transaction volume continued to grow rapidly.

It reached 4.8 trillion yuan (equivalent to 768 billion US dollars) in fiscal year 2018.

Alibaba continues to achieve business innovation, serving 10 million small businesses and 600 million consumers. Since its establishment in 1999, Alibaba has continuously launched new businesses covering e-commerce, technology finance, smart logistics, cloud computing, big data, etc.

On "Double Eleven" (November 11) in 2018, the transaction volume of Alibaba platform reached 213.5 billion yuan (about 30.7 billion US dollars), a record high. Over the past decade, the transaction volume of "Double Eleven" has continuously broken historical records every year, which is a concentrated reflection of Alibaba's business innovation, using new technologies and new organizational methods to achieve large-scale business collaboration.

Gao Hongbing said that Alibaba is not only a story of business innovation, but also a story of high-tech innovation. It took Alibaba 13 years to achieve an annual transaction volume of more than 3 trillion yuan, while Walmart took more than 50 years. The transaction volume of "Double Eleven" continued to break records, forcing Alibaba to carry out a lot of technological innovations, including the independent development of cloud computing platforms, the construction of quantum computing laboratories, and the research and development of blockchain technology. Today, Alibaba has used these innovative technologies in Zhejiang's economic construction and in the business innovation of enterprises across the country, using its own technology to help others succeed.

Alibaba is not only a Chinese story, but also a global story. Alibaba helps small businesses and consumers around the world to conduct trade through platforms such as Alibaba, AliExpress, and Lazada, using cloud computing, digital payment, logistics and other services, with users in more than 200 countries and regions. Alibaba continues to promote the global expansion of e-commerce and electronic payment. After Alipay succeeded in China, it also replicated its technical and commercial experience to nine countries and regions including India, Thailand, the Philippines, and Bangladesh, helping them serve local people and local merchants and support them in digital economic innovation.

Gao Hongbing proposed that while Alibaba is globalizing, it will further help foreign brands enter the Chinese market. China is a huge consumer market with 600 million consumers purchasing goods through the Internet, of which 45% are born in the 1990s and 1995s. From 2001 to 2017, Alibaba helped nearly 19,000 brands from 75 countries enter the Chinese market, of which more than 80% entered the Chinese market for the first time. In the next five years, Alibaba will import $200 billion worth of goods and help more countries' specialty goods enter the Chinese market to meet the needs of Chinese consumers.

Alibaba is not only a company of business innovation, but also a company that promotes inclusive development. Alibaba is committed to helping young people and small businesses innovate, start businesses and create.

In 2017, Alibaba's retail platform created 36.81 million jobs in China. In the past year, Alibaba provided health insurance for 1.65 million registered poor people. Alibaba supported more than 6 million women to start e-commerce businesses. Alibaba supported more than 316,000 people with disabilities to start businesses, and their total transaction amount exceeded 10 billion yuan. By 2036, Alibaba hopes to serve 2 billion consumers, 10 million profitable small businesses, and create 100 million jobs. "Behind these developments, we will help these young people and small businesses realize their dreams better in the future. Alibaba is a stage for innovation of small and micro enterprises, and their dreams will be realized on this platform."

Alibaba is not only a Chinese story, but also a Hangzhou story. Alibaba has a series of innovations, including business innovation, technological innovation, globalization innovation, and small business innovation. The reason why it can develop rapidly is because of China's reform and opening up. Gao Hongbing said: "Alibaba is a beneficiary of China's reform and opening up. We are also a promoter of it, but more importantly, Alibaba was born in Zhejiang and Hangzhou. This fertile soil gave us genes, seeds, and great power to innovate continuously."