The Civil Code of Republic of China shall reflect the epoch feature of the era of Internet. Article 127 of the General Principles of the Civil Code provides protection of data and virtual property. This article focuses on Article 127 of the General Principles of the Civil Code. Firstly, this article starts with analysis of the legislative process of establishing Article 127. Then, this article introduces the main theoretical arguments of data and virtual property, and demonstrates the legislation purpose of Article 127. In the end, this article discusses the normative property and function of Article 127 as well as relevant judicial decisions.