CITIC Telecom Showcases Intelligent Innovation and Digital Empowerment at 2024 World AI Conference: A Look at AI+ Initiatives and China-France Corridor Integration

CITIC Telecom, a leading telecommunications company in the Asia-Pacific region, has teamed up with its subsidiaries to participate in the 2024 World AI Conference. This partnership includes companies such as Companhia de Telecomunicacoes de Macau, S.A.R.L. (“CTM”), CITIC Telecom CPC, China Entercom, and ACCLIVIS in South East Asia. Over the past three years, they have been showcasing their innovative solutions at the conference, highlighting advancements in AI development, digital transformation for businesses in the "Belt and Road" Initiative, and the creation of new innovative solutions on a global scale.

This year, CITIC Group is participating in the "Application Empowerment" exhibition zone to highlight the benefits of integrating technologies, industries, and finance under the theme "Smart CITIC: Creating Possibilities Together". The showcase demonstrates how AI is being integrated into various business sectors, showcasing CITIC Group's expertise in driving the high-quality development of the digital economy.

CITIC Telecom is a crucial part of the new consumer market and a key element of CITIC Group's "Belt and Road" business strategy. At the "AI+ Computing Network" exhibition zone, CITIC Telecom highlights the themes of "AI+" and "China-France Corridor" digitalization, showcasing innovative technologies like AI, big data, and AR, along with their global ICT resources. By implementing the "Going Global" and "Entering China" strategies, CITIC Telecom assists businesses in speeding up their digital transformation journey. They continue to develop digitalization within the "Belt and Road" Initiative, turning concepts into actions and visions into reality.

The "AI+" Initiative is focused on enabling the advancement of digitalization in various industries.

In recent years, there has been a significant emphasis on AI as a national strategy. It has shown progress in technological advancements, data-driven solutions, and policy support, as well as increased integration across different industries. The Government Report this year introduces the "AI+" initiative for the first time, with CITIC Group taking advantage of the strategic opportunities AI offers. They are working to integrate AI deeply into industrial development, promote new-quality productivity, and modernize industrial digitalization. At the WAIC event, CITIC Group announced the launch of the "AI+ Action Plan" campaign during a press conference, in collaboration with CITIC Telecom and subsidiaries like CITIC Telecom CPC and China Entercom.

At the “CITIC Solutions Accelerate Industry Transformation” session, China Entercom’s Senior Director of Data Science and Innovation, Mr. Adan Zhan, gave a speech on "Global DICT Service Solutions". He highlighted the importance of enterprise globalization in alignment with new development strategies like the “Belt and Road” and “Going Global”. Zhan stressed the need for enterprises to focus on optimizing and complying with value propositions. He suggested that companies should evolve their “Going Global” strategies from merely exporting products to enhancing production capacity, leading to a comprehensive transformation of business models. Zhan also mentioned the importance of leveraging advantages to offer flexible and modularized “Cloud, Network, Security” DICT services, and utilizing technologies like AI to empower enterprises and create tailored application scenarios for different industries, ultimately generating new value for businesses.

Furthermore, CITIC Telecom CPC and China Entercom have partnered with CITIC Dicastal, a prominent member of CITIC Group's advanced intelligent manufacturing division and a top global producer of aluminum wheels. Together, they have introduced a new initiative called the "AI+" Action Plan to work together on creating a large-scale business model for aluminum parts used in automobiles.

As the pioneer in the aluminum wheel industry, CITIC Dicastal is committed to promoting advanced, sustainable, and environmentally friendly development. They are actively participating in the "Belt and Road" Initiative and supporting Chinese companies in expanding globally. Mr. Layton Lok, Chief Vice President of CITIC Telecom CPC, expressed excitement about collaborating with CITIC Dicastal to create a secure and efficient data network for their global operations.

The collaboration between two companies aims to revolutionize the aluminum automotive parts industry by combining AI, big data, and CITIC Dicastal's manufacturing expertise. This partnership will result in AI-driven improvements in manufacturing, process optimization, R&D design, operational decision-making, and environmental sustainability. By enhancing production efficiency and intelligence, the entire smart manufacturing industry chain will be upgraded. China Entercom brings "AI+ Security" capabilities to the table, allowing for real-time response alerts and global connectivity for CITIC Dicastal's factories. This collaboration also focuses on monitoring information security threats globally, particularly in the Belt and Road region. These efforts strengthen information security and usher in a new era for the industry.

The "China-France Corridor" is promoting the growth of new digitalization initiatives.

The main highlight of CITIC Group's exhibit area is the "China-France Corridor", which displays the accomplishments of CITIC Telecom in supporting businesses in China and France. According to Mr. Dickson Ip, the Chief Technology Officer of CITIC Telecom, this year marks the 60th anniversary of diplomatic ties between China and France. Europe is also a key area for CITIC Telecom's resource allocation. As a result, they have created the "China-France Corridor" exhibit to showcase the advancements in digital innovation resulting from the cooperation between the two countries.

Over the years, CITIC Telecom has strengthened its partnerships with French businesses and has achieved success in supporting them and helping them enter the Chinese market. This collaboration spans across various industries, including luxury brands, automotive parts manufacturers, media companies, and professional services providers. Through its integrated platform of "Cloud, Network, Security", CITIC Telecom has facilitated the entry of numerous prestigious French companies into China, allowing them to establish a presence, expand their operations, and offer their services in the country. Additionally, CITIC Telecom is dedicated to assisting Chinese companies in expanding internationally and accessing the French market by offering comprehensive ICT resources and local technical support. This initiative aims to create a secure and efficient connection between Chinese and French businesses, ultimately contributing to the growth of the global digital economy.

One example of how AI can be effectively integrated into corporate business is seen in a project by a multinational manufacturing company. The China Entercom team is using AI and a big data platform to create a material forecasting solution for the customer's global supply chain. This solution aims to lower costs and increase efficiency by analyzing market trends, past sales data, seasonal patterns, and economic indicators to predict changes in market demand. The team is working towards improving the accuracy of the forecasting system to more than 80% within the next 6 months.

Mr. Dickson Ip mentioned that CITIC Telecom aims to serve as a connector by utilizing new digital technologies to discover potential partnerships with French companies in areas like smart manufacturing, smart retail, and smart cities.

Boosting the advancement of digitalization within the "Belt and Road" Initiative through new accomplishments and enhancing growth for different sectors.

Interconnectivity is crucial for the success of the "Belt and Road" Initiative. CITIC Telecom has been actively involved in implementing the Initiative since its inception, following a strategy focused on expanding globally and entering the Chinese market. In addition to enhancing its own global ICT resources, CITIC Telecom is also working on integrating new-generation technologies like AI, cloud, network, and security. The company is dedicated to supporting global corporate digitalization under the "Belt and Road" Initiative, in order to assist Chinese and foreign enterprises from various industries in their global development efforts.

CITIC Telecom operates in 160 countries and regions across 5 continents. They have a global network that links almost 170 points of presence, 21 cloud service centers, over 30 data centers, three 24×7 Security Operations Centers, and more than 600 service partners worldwide. This infrastructure allows them to provide excellent services to customers and strengthen their Global-Local strategy.

The advancements in digitalization within the "Belt and Road" Initiative have benefitted Chinese companies like CRRC Corporation, CITIC Dicastal, NIO, Zijin Mining, and Anton Oilfield Services Group by assisting them in expanding their presence globally, particularly in countries along the "Belt and Road." This has resulted in improved operational efficiency, cost reduction, and the implementation of cutting-edge technology, ultimately allowing these companies to broaden their market reach. Additionally, CITIC Telecom, drawing on its 20 years of experience in China, is helping foreign enterprises in transforming technologies into tangible business benefits, leading to long-term stability and growth in the Chinese market.

CITIC Telecom has helped over 3,000 businesses expand internationally and establish a presence in China. They have also provided services to more than 40,000 local businesses. Additionally, CITIC Telecom has over 200 customers who are part of the Fortune 500 companies.

According to Mr. Layton Lok, both Chinese companies expanding globally and foreign companies entering the Chinese market have a positive impact on local economies and promote mutual development. For example, CITIC Dicastal's high-end intelligent automotive aluminum parts manufacturing base in Morocco has provided over 1,800 jobs for locals. Additionally, a French-owned beauty company has established its North Asia headquarters in Shanghai, utilizing digital solutions to enhance market expansion in the Yangtze River Delta region and meet the integrated development needs of the area.

Come check out our booth at location H1-B101.

Artificial Intelligence (AI) is a prominent digital technology in today's world. Its widespread use in various industries and creative applications helps businesses improve their value and undergo transformation. Stop by the CITIC Telecom booth H1-B101 to see our innovative accomplishments and collaboratively delve into the integration and implementation of digital technologies.

The 2024 World AI Conference is happening soon. To learn more, visit the website www.citictel.com.

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