LONDON, June 4, 2024 /PRNewswire/ -- Neudata and Shanghai
Data Exchange have formed a strategic partnership, designed to
facilitate business between international data vendors and
China-based data buyers.
The announcement comes at a time when Chinese investors and
corporations are increasingly looking to expand overseas, thereby
increasing their need for data sources outside the country. By
2025, the overall size of China's
data transaction market is estimated to reach USD 28.8 bn (RMB
204.6bn), up from USD 12.3bn
(RMB 87.68bn) in 2022, according to
LeadLeo Research Institute, a Frost & Sullivan sub-brand in
China. The consulting firm
projects that the market size could reach USD 72.6bn (RMB
515.59bn) by 2030.
"As a result of these global trends, international data vendors
have a unique opportunity to build significant data-selling
businesses in China," said Rado
Lipuš, founder and CEO of Neudata. "Shanghai Data Exchange has an
unparalleled reach among China-based data buyers, making it the perfect
partner for the data vendors in our community that are looking to
further explore expansion into China."
Data sellers that work with Neudata will now have priority
access to list their data products on the Shanghai Data Exchange,
opening up a network of more than 1,000 data buying
firms.
"The Shanghai Data Exchange will establish an effective
cooperation mechanism for the two-way flow of data with overseas
platforms through its strategic cooperation with Neudata," said
Qifeng Tang, General Manager at
Shanghai Data Exchange. "Leveraging Neudata's strengths, we will
help international data service providers develop and improve their
data products, while accessing a deep pool of data buyers from
China."
Neudata and Shanghai Data Exchange will be sharing more about
the partnership in an upcoming briefing call. Data owners and
vendors interested in learning more about commercializing their
data in China can pre-register at
info@neudata.co.
About Neudata:
Neudata provides actionable, unbiased market intelligence to
buyers and sellers of alternative data. Combining human-powered
data scouting services and a cutting-edge technology platform,
Neudata's data expertise provides time- and money-saving insights
for clients across the expanding alternative data ecosystem.
For more information about this partnership, contact
press@neudata.com.
About Shanghai Data Exchange:
The Shanghai Data Exchange's mission is to construct a data
marketplace and promote the process of data assetization. The
Exchange undertakes functions such as the innovation of data
transfer and sharing systems and standards, infrastructure
services, data product registration, and data product trading. The
Shanghai Data Exchange is established under the guidance of the
Shanghai Municipal People's Government.
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