CITIC Telecom Leads the Way in Intelligent Innovation and Digital Empowerment at 2024 World AI 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. Through the coordination of CITIC Group, the company will showcase its advancements in AI development, industry integration, and digitalization for businesses involved in the "Belt and Road" Initiative. The goal is to generate new innovative solutions on a global scale.

In this year's exhibition, CITIC Group is highlighting the benefits of integrating technology, industry, and finance in the "Application Empowerment" zone. The theme is "Smart CITIC: Creating Possibilities Together", showcasing how AI is being used across various business sectors to drive the digital economy's high-quality development. This demonstrates CITIC Group's intelligence and capability in utilizing technology to create new opportunities.

CITIC Telecom is a vital 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 "AI+ Computing Network" exhibition area, CITIC Telecom focuses on showcasing innovative technologies such as AI, big data, AR, and global ICT resources advantages under the themes of "AI+" and "China-France Corridor" digitalization. By sharing best practices in various industries, CITIC Telecom assists businesses in speeding up their digital transformation journey through strategies like "Going Global" and "Entering China". They are also committed to furthering digitalization in the "Belt and Road" Initiative, turning concepts into actions and visions into reality.

The "AI+" Initiative is boosting the advancement of 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 integrated in various industries. This year, the Government Report introduced the "AI+" initiative for the first time. CITIC Group is taking advantage of the strategic opportunity AI presents by promoting deeper integration of AI with industrial development and speeding up the adoption of new productivity and digitalization systems. At this year's WAIC, CITIC Group announced the launch of the "AI+ Action Plan" campaign at a press conference, which is a collaborative effort involving CITIC Telecom and its 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" emphasizing the importance of enterprise globalization in light of initiatives like the "Belt and Road" and "Going Global". He highlighted the need for enterprises to focus on optimizing and complying with value propositions. 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 essential to leverage advantages to offer flexible and modularized "Cloud, Network, Security" DICT services, as well as embrace emerging technologies like AI to empower enterprises and create tailored application scenarios for different industries, ultimately generating new value for enterprises.

Furthermore, CITIC Telecom CPC and China Entercom have partnered with CITIC Dicastal, a prominent member of CITIC Group's advanced intelligent manufacturing sector and a top aluminum wheel producer globally, to introduce a new "AI+" Action Plan. This plan aims to work together in creating a large-scale industry model for aluminum automotive components.

Being the first lighthouse factory in the aluminum wheel industry worldwide, CITIC Dicastal is committed to promoting high-end, intelligent, and environmentally friendly development. The company actively supports the "Belt and Road" Initiative and has started the process of expanding globally for Chinese businesses. 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 highway and global interconnected network for their digital and intelligent operations.

The collaboration between two parties aims to create a new model for producing aluminum automotive parts using advanced technologies such as AI and big data. By combining CITIC Dicastal's manufacturing expertise with these technologies, they hope to improve manufacturing processes, research and development, decision-making, sustainability, and efficiency in the industry. China Entercom will provide additional security measures to enhance real-time alerts and protect against global security threats, particularly in the Belt and Road region. These efforts will establish a strong foundation for information security and pave the way for a new era in smart manufacturing.

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

The main attraction at CITIC Group's exhibit area is the "China-France Corridor", highlighting CITIC Telecom's efforts in supporting businesses in China and France. Mr. Dickson Ip, the Chief Technology Officer, mentioned the significance of the 60th anniversary of diplomatic relations between the two countries. Europe is an important region for CITIC Telecom, leading to the creation of the special exhibition area showcasing the progress in digital innovation through cooperation between China and France.

Over the years, CITIC Telecom has strengthened its partnerships with French businesses and has achieved success in helping them enter the Chinese market. This collaboration spans 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 expansion of several esteemed French companies in China, allowing them to establish a presence, deepen their relationships, and offer their services in the country. Additionally, CITIC Telecom is committed to supporting Chinese companies in their international endeavors and expanding into the French market by providing extensive ICT resources and local technical assistance. By promoting strong and secure connections between Chinese and French businesses, CITIC Telecom is playing a role in accelerating the global digital economy.

One example of how AI can be fully integrated into a corporate business is a project undertaken by a multinational manufacturing company. The China Entercom team utilized AI and big data to create a material forecasting solution for the customer's global supply chain, aiming to lower costs and increase efficiency. Their goal is to improve the accuracy of the forecasting system to above 80% in the next 6 months. This solution incorporates market trends, past sales data, seasonal patterns, and economic indicators, using machine learning algorithms to predict changes in market demand.

Mr. Dickson Ip stated that CITIC Telecom is committed to serving as a connection and facilitator, utilizing new digital technologies to seek out further chances for cooperation with French businesses in areas such as advanced manufacturing, retail, and urban development.

Boosting technological advancement in the "Belt and Road" Initiative through new accomplishments and building momentum for different sectors.

The main focus of the "Belt and Road" Initiative is connectivity. CITIC Telecom has been actively involved in implementing the Initiative since its inception, following 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, networking, and security. The company aims to support global businesses in their digital transformation under the "Belt and Road" Initiative, aiding Chinese and foreign companies in various industries with their global development.

CITIC Telecom operates in 160 countries and regions across 5 continents globally. Their network includes 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 high-quality services to customers and strengthen their Global-Local approach.

The advancements in digitalization within the "Belt and Road" Initiative have benefited Chinese companies like CRRC Corporation, CITIC Dicastal, NIO, Zijin Mining, and Anton Oilfield Services Group by helping them expand their global presence, improve operations, cut costs, and increase efficiency. This includes utilizing cutting-edge technology and expanding their market reach. Additionally, CITIC Telecom, with its 20 years of experience in China, helps foreign enterprises translate technology into business success and achieve sustainable growth and stability in the Chinese market.

CITIC Telecom has helped over 3,000 businesses expand internationally and enter the Chinese market, while also providing services to more than 40,000 local businesses. Additionally, CITIC Telecom counts over 200 Fortune 500 companies among its customer base.

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

Stop by our exhibit at booth H1-B101.

Artificial Intelligence (AI) is a prominent digital technology being used across various industries today. It is being integrated deeply into different sectors and utilized in innovative ways to improve value and transform businesses. Stop by the CITIC Telecom booth H1-B101 to see our latest achievements in AI and to discuss how digital technologies can be integrated and applied in new ways.

The 2024 World AI Conference will take place. To learn more, visit the website www.citictel.com.

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