Abstract: Industrial internet platforms serve as the core infrastructure of modern industrial systems, yet their entrepreneurial journey consistently grapples with the fundamental contradiction between value creation and capture. Taking Dahan as a case study through the theoretical lens of dominant logic, this study explores how industrial internet platforms deal with the contradiction between value creation and capture. It reveals that platforms translate abstract value behavior contradictions into phased strategic actions through a dynamic closed-loop process of “contradictions identification-dominant logic-value creation-value capture.” Specifically, during the initial phase, platforms employ a strategic forbearance logic to address profit distribution contradictions by trading short-term profit concessions for scale effects and data resource accumulation. In the growth phase, transformative logic addresses technology resource contradictions by converting technological resources into data asset pools and capital operation pivots. Ultimately in the maturity stage, platforms adopt a co-governance logic to address governance power contradictions, transcending the traditional centralization-decentralization dichotomy to achieve rule co-creation and value sharing. This study elucidates the dynamic process mechanism for dealing with value creation and capture contradictions in industrial internet platforms, enriching the conceptual connotation and expanding the application boundaries of dominant logic, while providing theoretical insights for constructing sustainable platform development pathways.

Key words: industrial internet platform, contradictions between value creation and capture, dominant logic, case study