Abstract:Digital servitization in manufacturing industry enterprises can improve operational efficiency, enhance customer adhesion, and create new income sources, but encounter the "paradox" that investment cannot achieve the expected return. The research on DS value creation mechanism can provide theoretical support for solving the paradox. But the existing DS value creation theory base research lacks attention to multi-actor relationship competitive advantage source. In existing multi-level collaborative factor research, there is a lack of discussion on user relationship governance under different business models, organizational culture and micro base level. Based on the definition of DS and DS value creation mechanism, this paper analyzes the causes of the paradox, introduces the inter-organizational relationship theory – the relational view, distinguishes between transaction front-end DS and production back-end DS, and constructs DS value creation mechanism theoretical model. It is proposed to strengthen the moderating mechanism at the organizational level and the micro level, the impact on non-financial performance, and the research on segmented industries in future agenda. It has made theoretical contributions to the study on solving the DS paradox and has important enlightening value for exploring DS value creation law beyond the single enterprise context.