CITIC Telecom Showcases Intelligent Innovation and Digital Empowerment at 2024 World AI Conference: A Closer Look at 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. They will be showcasing their innovative use of AI technology and digital advancements for businesses in the "Belt and Road" Initiative. This collaboration, under the guidance of CITIC Group, aims to highlight their achievements in integrating AI into various industries and providing cutting-edge solutions on a global scale.

In the current year, CITIC Group is featured in the "Application Empowerment" exhibition area, highlighting the benefits of combining technology, industry, and finance under the theme "Smart CITIC: Creating Possibilities Together". The exhibition demonstrates how CITIC Group effectively incorporates artificial intelligence in various business sectors, showcasing the company's intelligence and influence in advancing the digital economy's high-quality development.

CITIC Telecom is a vital part of the new consumer market and plays a key role in CITIC Group's "Belt and Road" business strategy. At the CITIC Group's exhibition area, they focus on showcasing the theme of "AI+" and "China-France Corridor" digitalization, highlighting innovative technologies such as AI, big data, and AR. They also emphasize their global ICT resources advantage. 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 committed to developing digitalization in the "Belt and Road" Initiative and turning ideas into actions and visions into reality.

The "AI+" initiative is helping to drive new advancements in industrial digitalization.

In recent years, AI has become a key focus of national strategy. It has shown significant advancements in technology, data-driven solutions, and policy support, as well as increased integration across different industries. The Government Report for this year 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 high-quality productivity and modernized industrial digitalization. During this year's WAIC event, CITIC Group held a press conference to announce the launch of the "AI+ Action Plan" campaign, led by CITIC Telecom and its subsidiaries like CITIC Telecom CPC and China Entercom.

Mr. Adan Zhan, the Senior Director of Data Science and Innovation at China Entercom, gave a thought-provoking 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, especially under new development initiatives like the "Belt and Road" and "Going Global". Zhan emphasized the need for enterprises to evolve their "Going Global" strategies from simply exporting products to enhancing production capacity, leading to a comprehensive transformation of their business models. He also stressed the importance of leveraging advantages to provide flexible and modularized DICT services in areas such as Cloud, Network, and Security, as well as utilizing AI and other emerging technologies 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 industry and a top manufacturer of aluminum wheels globally, to introduce a new initiative called the "AI+" Action Plan. This collaboration aims to work together on creating a large-scale industry model for aluminum automotive components.

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 helping Chinese enterprises expand internationally. 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 parties aims to implement a new model for producing aluminum automotive parts, incorporating AI and big data technologies with CITIC Dicastal's expertise in manufacturing. This partnership will enhance various aspects of the manufacturing process, including AI-driven manufacturing, process optimization, R&D design, operational decision-making, and promoting environmentally-friendly practices. China Entercom will contribute "AI+ Security" capabilities to improve real-time response alerts and enhance information security across CITIC Dicastal's global factories. These efforts will strengthen information security and usher in a new era for smart manufacturing.

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

The main attraction at CITIC Group's exhibit area is the "China-France Corridor", highlighting CITIC Telecom's success 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 relations between China and France. Europe is a key focus for CITIC Telecom's resource allocation, leading to the creation of the "China-France Corridor" exhibition to showcase the advancements in digital innovation through cooperation between the two countries.

Over the years, CITIC Telecom has strengthened its partnership with French businesses and has achieved significant success in supporting them and helping them establish a presence in China. The collaboration spans across various industries, including luxury and retail brands, automotive parts manufacturers, media companies, and professional services providers. Through its integrated platform of "Cloud, Network, Security," CITIC Telecom has assisted numerous renowned French companies in expanding into China, solidifying their presence in the market, and offering their services. 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 helps facilitate strong and secure connections between Chinese and French businesses, ultimately contributing to the growth of the global digital economy.

One example of how AI is deeply integrated into 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 solution aims to lower costs and increase efficiency. The team's goal is 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 algorithms to predict changes in market demand.

Mr. Dickson Ip stated that CITIC Telecom aims to serve as a connector, using new digital technologies to seek out potential partnerships with French companies in areas such as smart manufacturing, smart retail, and smart cities.

Boosting the use of technology in the "Belt and Road" Initiative through the development of new advancements, and increasing momentum for different industries.

The core 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 globally and entering the Chinese market. In addition to enhancing its own ICT resources on a global scale, CITIC Telecom is also working on integrating new technologies like AI, cloud computing, network, and security. The company is dedicated to collaborating with businesses worldwide to support their digital transformation under the "Belt and Road" Initiative, aiding Chinese and foreign companies in various industries with their global development.

CITIC Telecom operates globally with a presence in 160 countries and regions across 5 continents. They have a 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 latest advancements in digitalization within the "Belt and Road" Initiative have been beneficial for Chinese companies like CRRC Corporation, CITIC Dicastal, NIO, Zijin Mining, and Anton Oilfield Services Group as they expand their global presence, improve operations, reduce expenses, and increase efficiency. These advancements also allow for the implementation of cutting-edge technology and the expansion of their market reach internationally. Additionally, CITIC Telecom, with its extensive experience in China, is assisting foreign enterprises in converting technology into business value, leading to long-term stability and growth within the Chinese market.

CITIC Telecom has helped more than 3,000 businesses expand internationally and enter the Chinese market, and has provided services to over 40,000 local companies. Additionally, over 200 of the top Fortune 500 companies are customers of CITIC Telecom.

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 contribute to mutual development. For example, CITIC Dicastal's high-end intelligent automotive aluminum parts manufacturing base in Morocco has created over 1,800 jobs for locals. Additionally, a French beauty company has established its North Asia headquarters in Shanghai, utilizing digital solutions to improve market expansion in the Yangtze River Delta region and address the development needs of the area.

Stop by our booth H1-B101 and check out what

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. Come visit 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 www.citictel.com for further details.

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