Sino-German digital summit held in Hamburg

HAMBURG, German — A Sino-German digital summit was held Tuesday, with some 200 officials and businessmen from China and Germany gathering here to discuss the latest trend of digitalization in both countries and deeper cooperation in the related fields.

The summit was a followup event to the G20 summit held in Hamburg on July 7-8, which had included digitalization as one of its major topics.

During the digital summit, China's key digital enterprises like Alibaba Group had talks with Germany's major digital companies such as Otto Group.

China is the world's largest and most rapidly growing market of digitalization, which has great influence on European companies and their business, said Ragnar Kruse, CEO and co-founder of Smaato, a leading global mobile advertising platform and also a partner of the digital summit.

Hamburg is a city that has a key position in Germany's digital economy and it is also regarded as China's gateway into Europe. Over 550 Chinese enterprises have investment in the city.