Six Departments: Support Enterprises in Applying Metaverse, Artificial Intelligence, Blockchain, and other Digital Technologies, and Promote the Orderly Development of Platform Economy

November 26th. The Ministry of Industry and Information Technology, along with five other departments, issued the "Implementation Plan for Enhancing the Supply-Demand Adaptation of Consumer Goods and Further Promoting Consumption." It suggested the orderly development of platform consumption, which encompassed the orderly development of livestream e-commerce, instant retail, curated retail, and circular e-commerce and other new forms. It encouraged platform companies to legally and compliantly utilize artificial intelligence technology to explore user demands and match and push products and services. It provided support for platform companies to apply digital technologies such as virtual reality, the metaverse, artificial intelligence, blockchain, etc. to create a multi-scenario and immersive consumption experience. It guided platform companies to carry out brand-quality consumption promotion activities. It strengthened the principal responsibility of platform companies, enhanced the review of operators' qualifications and product information verification, and improved the rapid resolution mechanism for consumer disputes. (Jinse Finance)