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

CITIC Telecom, a leading 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. Together with companies like CTM, CITIC Telecom CPC, China Entercom, and ACCLIVIS, they will showcase their innovative AI technologies and digital solutions for businesses in the "Belt and Road" Initiative. This collaboration under CITIC Group aims to demonstrate the latest advancements in AI development and industry integration, as well as provide cutting-edge global solutions for enterprises.

In the current year, CITIC Group is highlighting its strengths in technology, industry, and finance at the "Application Empowerment" exhibition area. The theme is "Smart CITIC: Creating Possibilities Together", showcasing how AI is integrated into various business sectors and highlighting CITIC Group's expertise in driving the digital economy's high-quality development with wisdom and strength.

CITIC Telecom is a crucial part of the new consumer market and a significant strategic aspect of CITIC Group's "Belt and Road" initiative. At the CITIC Group's "AI+ Computing Network" exhibition area, CITIC Telecom highlights themes of "AI+" and the "China-France Corridor" digitalization. They focus on showcasing cutting-edge technologies like AI, big data, and AR, along with their extensive global ICT resources. By implementing the "Going Global" and "Entering China" strategies, CITIC Telecom assists businesses in speeding up their digital transformation journey. They are committed to advancing digitalization within the "Belt and Road" project, turning concepts into actions and visions into reality.

The "AI+" Initiative aims to support the advancement of industrial digitalization.

In recent years, AI has become a key focus of national strategy, showing significant advancements in technology, data-driven solutions, and policy implementation. It has also become more deeply integrated across various industries. This year, the Government Report introduces the "AI+" initiative for the first time. CITIC Group is taking advantage of the strategic opportunities presented by AI, promoting its integration with industrial development and speeding up the growth of new-quality productivity and modernized industrial digitalization. During the WAIC event this year, CITIC Group held a press conference to launch the "AI+ Action Plan" campaign, led by CITIC Telecom and its subsidiaries like CITIC Telecom CPC and China Entercom.

During the "CITIC Solutions Accelerate Industry Transformation" session, Mr. Adan Zhan, 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 in alignment with initiatives like the "Belt and Road" and "Going Global", focusing on optimizing value propositions and ensuring compliance. Zhan emphasized the need for enterprises to evolve their "Going Global" strategies from product exports to production capacity, leading to a comprehensive transformation of their business models. To achieve this, it is crucial to leverage advantages and offer flexible DICT services in areas like Cloud, Network, and Security, while also harnessing 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 significant player in CITIC Group's advanced intelligent manufacturing sector and a top aluminum wheel manufacturer globally, to introduce a new "AI+" Action Plan. This plan aims to work together in developing a comprehensive model for the production of aluminum automotive parts on a large scale.

Being the first factory in the aluminum wheel industry to have a lighthouse, CITIC Dicastal focuses on promoting high-end, intelligent, and environmentally friendly development. They actively participate 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, efficient, and fast data network for their global operations and management.

The collaboration between two parties aims to revolutionize the aluminum automotive parts industry by integrating AI and big data technologies with CITIC Dicastal's extensive experience in manufacturing. This partnership will enhance manufacturing processes, optimize research and development, improve decision-making, promote green initiatives, and boost efficiency in smart manufacturing. China Entercom will contribute its expertise in AI and security to enhance real-time response alerts and ensure information security across global factories. These efforts will strengthen information security and usher in a new era for smart manufacturing.

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

The main focus of CITIC Group's exhibit area is the "China-France Corridor", which highlights the success of CITIC Telecom in supporting businesses in both China and France. Mr. Dickson Ip, the Chief Technology Officer of CITIC Telecom, mentioned that this year marks the 60th anniversary of diplomatic relations between the two countries. Europe is also a key area for CITIC Telecom's resources, so they created the "China-France Corridor" exhibition to showcase the advancements in digital innovation through cooperation between China and France.

CITIC Telecom has strengthened its partnerships with French businesses over time, achieving success in helping them enter the Chinese market. Their global network covers a range of industries, including luxury brands, automotive suppliers, and media companies. Through their integrated platform of cloud, network, and security services, CITIC Telecom has supported numerous French companies in establishing themselves in China and expanding their operations. Additionally, CITIC Telecom is committed to assisting Chinese companies in expanding internationally and accessing the French market by offering extensive ICT resources and local technical assistance. This promotes a secure and efficient connection between Chinese and French businesses, contributing to the growth of the global digital economy.

One example of how AI and corporate business can be integrated is through 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 lower costs and increase efficiency. They are working towards improving the accuracy of the forecasting system to above 80% within the next 6 months. The solution takes into account market trends, past sales data, seasonal patterns, and economic indicators, using machine learning to predict changes in market demand.

Mr. Dickson Ip mentioned that CITIC Telecom aims to serve as a connection and facilitator, leveraging advanced digital technologies to seek out new partnership possibilities with French businesses in the areas of intelligent manufacturing, retail, and urban development.

Advancing digitalization in the "Belt and Road" Initiative through new accomplishments and building momentum for different industries.

The main focus of the "Belt and Road" Initiative is creating connections between different regions. CITIC Telecom has been actively participating in this initiative since its launch, following the strategies of expanding internationally and entering the Chinese market. In addition to improving its own global ICT resources, CITIC Telecom is also working on integrating new technologies like AI, cloud computing, and network security. The company aims to support global digitalization efforts of businesses under the "Belt and Road" Initiative, assisting Chinese and foreign companies in various industries with their international growth.

CITIC Telecom operates in 160 countries and regions across 5 continents, with 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 extensive network enhances delivery capabilities for customers and supports the company's Global-Local strategy.

The digitalization advancements in the "Belt and Road" Initiative have helped Chinese companies like CRRC Corporation, CITIC Dicastal, NIO, Zijin Mining, and Anton Oilfield Services Group expand internationally by improving their global network coverage, streamlining operations, cutting costs, implementing new technologies, and growing their market presence. CITIC Telecom, drawing on its experience in China, is also assisting foreign businesses in leveraging technology for business success and establishing stability and growth in the Chinese market.

CITIC Telecom has supported more than 3,000 businesses in expanding internationally and entering the Chinese market, along with providing services to over 40,000 local businesses. Additionally, CITIC Telecom has partnerships with over 200 Fortune 500 companies.

Mr. Layton Lok stated that both Chinese companies expanding globally and foreign companies entering the Chinese market have positive effects on local markets and overall development. For example, CITIC Dicastal's high-end intelligent automotive aluminum parts manufacturing base project in Morocco has provided over 1,800 jobs for the local population. Additionally, a French-owned beauty company has established its North Asia headquarters in Shanghai, utilizing digital solutions to improve market expansion in the Yangtze River Delta and meet the integrated development requirements of the region.

Come see us at Booth H1-B101.

Artificial Intelligence (AI) is a crucial digital technology in today's world. Its widespread use in various industries and unique applications helps businesses improve value and undergo transformation. Stop by the CITIC Telecom booth H1-B101 to see our groundbreaking accomplishments and collaborate on integrating and implementing new digital technologies.

The 2024 World AI Conference can be found at the website www.citictel.com for additional details.

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