Innovative Data Asset Capitalization and Digital Supply Chain Finance for SMEs: A case study of Uqian Tech

College of Economics, Shenzhen University, Shenzhen, 518055, China

^* Corresponding author: 2021020223@email.szu.edu.cn

Abstract

With the advent of the digital economy era, data, as a new production factor, is profoundly changing the way enterprises operate and their financial models. In the field of supply chain finance, the application of data promotes information transparency, reduces information asymmetry and transaction costs, and enables small and medium-sized enterprises (SMEs) to obtain financing more conveniently. However, the traditional supply chain finance model has problems such as difficulty in obtaining information and high cost of risk control, which leads to the low willingness of financial institutions to serve SMEs. This study explores how data asset capitalization empowers SMEs in digital supply chain finance through a case study of Shenzhen Uqian Information Technology Company Limited (Uqian Tech). It is found that data asset capitalization can not only directly provide financing for data service providers, but also indirectly empower SMEs in the supply chain by enhancing the information synchronization upstream and downstream of the supply chain and realizing the digital transformation of the production process and technological innovation.