Overseas Investment,Technological Breakthroughs and Global Development of Chinese Digital Multinational Enterprises
Digital multinational enterprises(MNEs)have emerged as a significant force driving global in-vestment and international trade in the era of digital globalization.Chinese digital MNEs have strategically enhanced their overseas expansion endeavors,aiming to both acquire advanced technologies and broaden market reach.Several industry giants have ascended to the upper echelons of the global rankings.This paper provides a systematic examination of Chinese digital MNEs'overseas investment layouts,developmental milestones,risks,challenges,and strategic opportunities.Through case studies of prominent entities such as Huawei,Tencent,and Alibaba,it delineates a spectrum of technological breakthroughs achieved by these digital MNEs in fostering high-quality development of enterprises and enhancing great self-reliance and strength in science and technology.Amidst the intricacies of the dynamic international political and eco-nomic landscape,Chinese digital MNEs should strive to strengthen their global competitiveness,adhere to an innovation-driven development philosophy,and increase the localization rate of employees to open new ground for win-win cooperation.Chinese government should vigorously enhance the cultivation and recruit-ment of high-end digital talents,actively engage in formulating global digital regulations,advance the joint construction of the Digital Silk Road,and forge a new pattern for international cooperation in the digital economy.
multinational enterprisesoverseas investmentdigital economykey technologiesDigit Silk RoadBelt and Road Initiative