Trading center provides data services for city's newly established pillar industry

In 2015, the Guiyang Global Big Data Exchange - the world's first center for the trade in big data - was established in Guiyang, capital of Guizhou province. By October, the revenue generated by the center had reached 100 million yuan ($15 million).

In some developed countries, such as the United States and the United Kingdom, the data industry is long established, which means providers and customers can conduct business with ease, according to Tang Chen, the center's marketing manager.

The center was launched to provide data trading services because big data has been introduced as a pillar industry in Guiyang. Tang said the center originally expected to generate revenue via a commission model.