Abstract:The rise of the group innovation space has promoted socialized innovation and entrepreneurship, especially dominated by industry leaders, but the existing research has not yet revealed the internal mechanism of this kind of space to maintain strong vitality. By choosing Tencent's Space of Group Innovation to make an analysis of the composition, operation mechanism and strategy of the core enterprise's leading group innovation space. The study found that the core enterprise-oriented group innovation space is an integrated and all-factor entrepreneurship ecosystem that the core enterprise build together by relying on it’s own industrial resources and connecting with other entrepreneurial resource subjects. Core enterprises realize effective operation and sustainable development of crowd innovation space through resource convergence and integration mechanism, value co-creation mechanism and ecosystem metabolism mechanism. Professional mass innovation space is an important development direction at present and in the future.