Since the late 1990s, the vigorous development of the global information technology industry, especially the Internet industry, has profoundly changed the traditional business philosophy and methods. Many emerging companies engaged in Internet services and e-commerce have grown rapidly, breaking the traditional growth path of enterprises. and speed. The unique business style of these enterprises has been highly concerned by the academic and commercial circles and has become the focus of research. Therefore, this article reviews and analyzes the history and trends of business model innovation in the global IT and Internet industries. Based on the business model analysis framework constructed in this paper, the typical business models that have had a huge impact on the entire economic and social development in the history of the development of the global information technology industry are analyzed, and the current and future industrial hotspots and business model innovation trends are predicted and analyzed.