New platform in Guizhou to offer big data as a commodity

In the office of the world's first big data exchange market in Guiyang, capital city of Guizhou province, Wang Sanshou, CEO of the Global Big Data Exchange Co, is occupied with meetings that focus on how to better sell data as a type of commodity.

"This is a brand new business model, but since going operational last month, our platform has completed more than 2,700 deals, with turnover topping 13 million yuan ($2.1 million)," Wang said.

Currently, the exchange market has more than 130 member companies and boasts a wide range of data from various sectors, including transportation, health, financing and local governments.