As an effective way to realize the value of government data, government-enterprise cooperation is widely practiced around the world. This method not only can effectively increase the breadth and depth of government data, but also improve the efficiency of value realization. At present, China has rich experience in government-enterprise cooperation, but still has a gap with the international level. It is urgent to provide theoretical and practical support for relevant research. Based on the research on the practices of government-enterprise cooperation in realizing the value of government data in China, with reference to the mature model of government-enterprise cooperation in the field of public infrastructure construction, according to different investment modes, different application scenarios and different cooperation processes, this paper categorizes the typical models in China and puts forward the application path of the models on the basis of comparison. This paper categorizes the government-enterprise cooperation models into five types: BOT, BPO, BT, PFI and JV. Through comparison, obvious differences among these five models are identified in terms of applicable projects, operation characteristics, operation cycles, advantages and disadvantages. The paper then proposes the application path of government-enterprise cooperation model from three aspects: model selection, model implementation and model optimization, so as to provide theoretical support and reference for government-enterprise cooperation in realizing the value of government data in China.