The application and innovation of digital technology present a new test for both enterprises and individual, which will induce enormous changes to the organizational structure and various relationships. It’s an important step forward for society. Nowadays information and communication technology, software products, computers, and telecommunications equipment have become an integral part of main economic activities in Shenzhen. The digital economy has not only induced enormous changes to the lives of local residents, but also accelerated the upgrading of industrial structure and digital transformation of enterprises in Shenzhen. However, in the context of increasing socio-economic digitalization, Shenzhen faces challenges in many areas such as the development of the digital industry, the transformation of traditional industries with digital technologies, data value, and digital governance. Shenzhen should face up to the challenges facing the development of digital economy and take positive actions to address the volatility, uncertainty and inequality associated with the digital economy.