The Luohan Academy was founded in Hangzhou on June 26, 2018. It is an open research institute initiated by the Alibaba Group and launched by world-renowned social scientists, including seven Nobel Prize laureates in economics, and comprising the Academy’s academic committee. The Academy is dedicated to collaborating with leading social scientists and practitioners worldwide, to collectively explore and shape discourse and consensus around the tremendous social and economic transformations brought by digital technology. The purpose of the Luohan Academy is to serve society at large, addressing the most important global challenges as well as having an eye toward humanity’s long-term future.