CITIC Telecom Leads the Way in AI Innovation and Digital Empowerment at 2024 World Conference

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 three consecutive years. They will be showcasing their innovative use of AI and digital technologies to help businesses in the "Belt and Road" Initiative and provide cutting-edge solutions for global industries.

In the "Application Empowerment" exhibition zone, CITIC Group is highlighting its strengths in integrating technologies, industries, and finance under the theme "Smart CITIC: Creating Possibilities Together". Through showcasing the deep integration of AI in various business sectors, the group is effectively demonstrating its expertise in driving the high-quality development of the digital economy.

CITIC Telecom is a crucial part of the new consumer market and plays a significant role in CITIC Group's "Belt and Road" business strategy. At the CITIC Group's exhibition zone, CITIC Telecom focuses on showcasing the integration of artificial intelligence (AI) and digitalization in the "China-France Corridor". They highlight innovative technologies like AI, big data, and augmented reality (AR), along with their global ICT resources. By sharing the best practices in various industries, CITIC Telecom helps businesses speed up their digital transformation process through strategies like "Going Global" and "Entering China". They are committed to advancing digitalization within the "Belt and Road" Initiative, turning ideas into actions and visions into reality.

The "AI+" initiative is helping to drive digital transformation in industrial sectors.

In recent years, AI has become a priority at a national level. It has not only advanced in technology, data-driven solutions, and policy support, but has also integrated more deeply into various industries. The Government Report for this year introduces the "AI+" initiative for the first time. CITIC Group is taking advantage of the strategic opportunity presented by AI, promoting the integration of AI with industrial development, and speeding up the development of new high-quality productivity and modernized industrial digitalization systems. At this year's WAIC, CITIC Group is hosting a press conference to announce the launch of the "AI+ Action Plan" campaign, which is a collaborative effort involving CITIC Telecom and its subsidiaries such as CITIC Telecom CPC and China Entercom.

Mr. Adan Zhan, the Senior Director of Data Science and Innovation at China Entercom, gave a speech on "Global DICT Service Solutions" at the "CITIC Solutions Accelerate Industry Transformation" event. He highlighted the importance of focusing on optimizing and complying with value propositions for enterprise globalization initiatives like the "Belt and Road" and "Going Global". Enterprises should evolve their "Going Global" strategies from simply exporting products to building production capacity, leading to a comprehensive transformation of their business models. In this transformation, it is essential to utilize advantages to offer flexible and modular DICT services like "Cloud, Network, Security", as well as 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. Together, they have introduced a new initiative called the "AI+" Action Plan, aimed at working together to create a large-scale industry model for aluminum automotive components.

Being the first factory in the aluminum wheel industry to have a lighthouse, CITIC Dicastal aims to promote high-end, intelligent, and environmentally friendly development. The company actively supports the "Belt and Road" Initiative and is leading the way for Chinese enterprises to expand globally. Chief Vice President of CITIC Telecom CPC, Mr. Layton Lok, expressed excitement about collaborating with CITIC Dicastal to create a secure and efficient data network for their globalized operations.

The collaboration between two parties aims to create a new industry model for producing aluminum automotive parts using AI and big data technologies. CITIC Dicastal's extensive experience in manufacturing will be combined with these advanced technologies to improve manufacturing processes, research and development, decision-making, and sustainability efforts in various industries. This will enhance production efficiency and intelligence, as well as upgrade the entire smart manufacturing industry chain. China Entercom will contribute its expertise in "AI+ Security" to enhance real-time alerts and establish connectivity between CITIC Dicastal's global factories. This partnership will also focus on monitoring information security threats, particularly in the Belt and Road region. Together, these efforts will strengthen information security and pave the way for a new era of innovation in the industry.

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

CITIC Group's exhibit zone features the "China-France Corridor", highlighting the success of CITIC Telecom in supporting businesses in China and France. Mr. Dickson Ip, Chief Technology Officer of CITIC Telecom, noted the significance of the 60th anniversary of diplomatic relations between China and France. Europe plays a key role in CITIC Telecom's resource allocation, leading to the creation of the special exhibition area showcasing the cooperation between the two countries in digital innovation.

CITIC Telecom has strengthened its partnership with French businesses over time and has achieved significant success in supporting and attracting them to enter the Chinese market. This collaboration spans across various industries, including luxury retail, automotive manufacturing, media, and professional services. 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 delivering services within 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 assistance. This facilitates a strong and secure connection between Chinese and French businesses, ultimately contributing to the growth of the global digital economy.

An example of how AI is being used in corporate business is a project by a multinational manufacturing company. The China Entercom team is using AI and big data to create a material forecasting solution for the customer's supply chain system. This will help reduce costs and make operations more efficient. The team aims to improve the accuracy of the forecasting system to over 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 stated that CITIC Telecom aims to act as a bridge and connector by utilizing advanced digital technologies to seek out potential partnerships with French companies in areas such as smart manufacturing, smart retail, and smart cities.

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

Interconnectivity is the main focus of the "Belt and Road" Initiative. CITIC Telecom has been actively participating in the Initiative since its inception, following strategies of expanding globally and entering the Chinese market. In addition to improving its own global ICT resources, CITIC Telecom is also working on integrating new technologies such as AI, cloud, network, and security. The company is dedicated to supporting global corporate digitalization under the "Belt and Road" Initiative, aiding the development of Chinese and foreign enterprises in various industries worldwide.

CITIC Telecom operates in 160 countries and regions across 5 continents globally. The company's network resources link almost 170 points of presence (POPs), 21 cloud service centers, over 30 data centers, three 24×7 Security Operations Centers (SOCs), and more than 600 service partners worldwide. This allows CITIC Telecom to provide excellent delivery services to customers and strengthen their 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 to expand globally, particularly in countries along the "Belt and Road". This has led to improved operational efficiency, cost reduction, and the implementation of innovative technology. CITIC Telecom, drawing on over 20 years of experience in China, is also supporting foreign enterprises in leveraging technology for business growth and stability in the Chinese market.

CITIC Telecom has supported over 3,000 companies in expanding internationally and entering the Chinese market. They have also provided services to more than 40,000 local businesses. Additionally, CITIC Telecom counts over 200 Fortune 500 companies among its clientele.

According to Layton Lok, both Chinese companies expanding globally and foreign companies entering the Chinese market have positive effects on local economies and mutual growth. For example, CITIC Dicastal's project in Morocco has provided over 1,800 job opportunities for locals, while a French beauty company has established its North Asia headquarters in Shanghai, utilizing digital solutions to improve market reach in the Yangtze River Delta and meet development needs in the region.

Stop by our booth at location 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 groundbreaking accomplishments and collaborate on integrating new digital technologies.

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

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