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Data was collected through a questionnaire survey of 218 Chinese IoT enterprises and senior managers. SPSS and AMOS software were used for statistical analysis, and the theoretical model was empirically tested. This study observed that information sharing plays a positive role in improving supply chain performance. Information sharing has a positive effect on collaborative innovation. As a mediator variable, collaborative innovation can directly affect the performance of the supply chain through information sharing. The dynamics of the organizational environment negatively regulate the impact of collaborative innovation and supply chain performance. Collaborative innovation is a mediating variable. 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