In recent years, China initiated Big Data strategies and put forward a series of legislative proposals with regard to the regulation and utilization of Big Data technology. However, academics have not reached consensus to fundamental questions such as data ownership and protection approaches yet. The intrinsic contradiction lies in the difference of values between Big Data which emphasizes “open and sharing” and intellectual property law that protects monopoly interests. This article seeks to conceptualize Big Data in a dynamic approach with an aim to frame the dialogue for further discussion. Through analyzing whether current intellectual property laws in China serve a solid base for promoting the development of big data technology, it proposes that, in order to address regulatory impracticality of Big Data, certain statutory amendments are necessary. However, regarding the revolutionized proposition of creating a “database right” or alleging “Big Data as an object of intellectual property law,” this research recommends a modest and restrained approach.