CITIC Telecom Showcases Intelligent Innovation and Digital Empowerment at 2024 World AI Conference

CITIC Telecom, a prominent multinational telecommunications company in the Asia-Pacific region, has partnered with its subsidiaries to participate in the 2024 World AI Conference for the third consecutive year. Through collaboration with companies like CTM, CITIC Telecom CPC, China Entercom, and ACCLIVIS, CITIC Telecom will showcase advancements in AI technology, industry integration, and digitalization for businesses involved in the "Belt and Road" Initiative. The company aims to drive innovation and provide cutting-edge solutions on a global scale under the guidance of CITIC Group.

At this year's event, CITIC Group is highlighting their strengths in combining technology, industry, and finance in the "Application Empowerment" exhibition area. With the theme "Smart CITIC: Creating Possibilities Together", they are showcasing how AI is being integrated into various aspects of their business operations. This demonstrates CITIC Group's expertise and influence in advancing the digital economy and promoting high-quality development.

CITIC Telecom is a crucial part of the new consumer market and plays a significant role in the "Belt and Road" business strategy of CITIC Group. At the CITIC Group's "AI+ Computing Network" exhibition zone, CITIC Telecom focuses on showcasing innovative technologies like AI, big data, AR, and global ICT resources. By implementing the "Going Global" and "Entering China" strategies, CITIC Telecom helps businesses speed up their digital transformation journey. They also contribute to the digitalization efforts of the "Belt and Road" Initiative, turning concepts into actions and visions into reality.

The "AI+" Initiative is enabling advancements in industrial digitalization.

In recent years, AI has become a key focus of national strategy. It has not only advanced in technology, data-driven solutions, and policy support, but has also become more deeply integrated into various industries. This year, the Government Report introduced the "AI+" initiative for the first time. CITIC Group has recognized the strategic importance of AI and is working to integrate it more deeply into industrial development, fostering new-quality productivity and modernizing industrial digitalization systems. At this year's WAIC, CITIC Group announced the launch of the "AI+ Action Plan" campaign during a press conference, in collaboration with CITIC Telecom and its subsidiaries including CITIC Telecom CPC and China Entercom.

At the "CITIC Solutions Accelerate Industry Transformation" session, Mr. Adan Zhan, the Senior Director of Data Science and Innovation at China Entercom, gave a speech on "Global DICT Service Solutions". He highlighted the importance of enterprise globalization aligning with initiatives like the "Belt and Road" and "Going Global" by focusing on improving value propositions and compliance. Enterprises should evolve their "Going Global" strategies from simply exporting products to enhancing production capacity, leading to a comprehensive transformation of their business models. During this evolution, it is crucial to utilize advantages to offer flexible DICT services such as "Cloud, Network, Security", and incorporate technologies like AI to empower enterprises and tailor application scenarios to different industries, ultimately creating new value for businesses.

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

CITIC Dicastal is the first factory in the aluminum wheel industry to focus on high-end, intelligent, and environmentally friendly development. They are actively participating in the "Belt and Road" Initiative and are helping Chinese enterprises expand 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 CITIC Dicastal and China Entercom aims to create a cutting-edge industry model for aluminum automotive parts using AI and big data technologies. This partnership will leverage CITIC Dicastal's extensive experience in manufacturing to improve various aspects of the industry, such as manufacturing processes, research and development, operational decision-making, and environmental sustainability. By integrating AI and data technologies, the goal is to enhance production efficiency and intelligence throughout the smart manufacturing industry chain. China Entercom will bring its expertise in "AI+ Security" to ensure real-time alerts and information security across CITIC Dicastal's global factories, particularly in the Belt and Road region. Together, these efforts aim to strengthen information security and usher in a new era of innovation for the industry.

The "China-France Corridor" is helping to promote the growth of new digitalization projects.

The main focus of CITIC Group's exhibit zone is the "China-France Corridor", highlighting CITIC Telecom's success in helping businesses in China and France. Mr. Dickson Ip, the Chief Technology Officer of CITIC Telecom, mentioned that this year is the 60th anniversary of diplomatic relations between China and France. Europe is a significant area for CITIC Telecom's resources, so they created the "China-France Corridor" exhibition to showcase the progress of digital innovation cooperation between the two countries.

Over the years, CITIC Telecom has strengthened its partnership with French businesses and has had significant success in supporting and attracting them to 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 assisted numerous prestigious French companies in establishing a presence in China, expanding their operations, and offering their services in the country. Additionally, CITIC Telecom is committed to helping Chinese companies expand globally and access the French market by offering comprehensive ICT resources and local technical assistance. By facilitating secure and robust connections between Chinese and French enterprises, CITIC Telecom is playing a vital role in advancing the global digital economy.

One example of a successful integration of AI and business is a project by a multinational manufacturing company. The China Entercom team used AI and big data to create a material forecasting solution for the customer's supply chain, aiming to cut costs and boost efficiency. They aim to improve the accuracy of the forecasting system to over 80% in the next half year. The solution takes into account market trends, past sales data, seasonal patterns, and economic factors, using machine learning to predict changes in market demand.

Mr. Dickson Ip stated that CITIC Telecom is committed to serving as a connection between French companies in areas such as smart manufacturing, smart retail, and smart cities by utilizing advanced digital technologies for collaboration.

Boosting the adoption of digital technologies in the "Belt and Road" Initiative through new advancements and increasing support for different industries.

Interconnectivity is the main focus of the "Belt and Road" Initiative. CITIC Telecom has been actively involved in the Initiative since its inception, following strategies to expand globally and enter the Chinese market. In addition to enhancing its own global ICT resources, CITIC Telecom is also exploring the integration of new technologies like AI, cloud computing, network, and security. The company is dedicated to supporting global corporate digitalization under the "Belt and Road" Initiative, assisting Chinese and foreign enterprises in various industries with their global development.

CITIC Telecom has a presence in 160 countries and regions across 5 continents. They have a global network that connects 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 allows them to provide excellent delivery services to customers and strengthen their Global-Local strategy.

The advancements in digitalization within the "Belt and Road" Initiative have helped Chinese companies like CRRC Corporation, CITIC Dicastal, NIO, Zijin Mining, and Anton Oilfield Services Group expand their reach globally, particularly in countries along the "Belt and Road." This has resulted in improved operational management, cost reduction, increased efficiency, adoption of cutting-edge technology, and expansion of their global market presence. Additionally, CITIC Telecom, drawing from its 20 years of experience in China, is supporting foreign enterprises in transforming technology into business value, leading to long-term stability and growth in the Chinese market.

CITIC Telecom has helped more than 3,000 businesses expand internationally and establish a presence in China. They have also provided services to over 40,000 local businesses. Additionally, CITIC Telecom has over 200 Fortune 500 companies as their clients.

According to Mr. Layton Lok, both Chinese companies expanding globally and foreign companies entering the Chinese market have a positive impact on the local economy and promote mutual development. For example, CITIC Dicastal's project in Morocco has created over 1,800 jobs for the local population, while a French beauty company has established its North Asia headquarters in Shanghai. With the help of digital solutions, the beauty company has been able to expand its market presence in the Yangtze River Delta and meet the development needs of the region.

Stop by our booth with the number H1-B101.

Artificial intelligence (AI) is a crucial 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 collaborate on incorporating digital technologies in new ways.

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

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