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

CITIC Telecom, a prominent multinational telecommunications company in the Asia-Pacific region, is participating in the 2024 World AI Conference to demonstrate their innovative use of AI technology and digital empowerment. This includes showcasing their advancements in AI development, industry integration, digitalization for businesses involved in the "Belt and Road" Initiative, and creating new innovative solutions on a global scale. CITIC Telecom is collaborating with its subsidiaries to exhibit at the conference for the third consecutive year, under the guidance of CITIC Group.

In the "Application Empowerment" exhibition zone this year, CITIC Group is highlighting the benefits of combining "Technologies, Industries, Finance" with the theme "Smart CITIC: Creating Possibilities Together". This showcases how AI is being integrated into various business areas, showcasing CITIC Group's expertise in driving the digital economy's high-quality development.

CITIC Telecom is a crucial part of the new consumer market and a key focus of CITIC Group's "Belt and Road" business strategy. Their exhibition zone at the CITIC Group's "AI+ Computing Network" showcases the themes of "AI+" and "China-France Corridor" digitalization, highlighting innovative technologies like AI, big data, and AR, as well as their global ICT resources. By demonstrating the best industry applications, CITIC Telecom helps companies speed up their digital transformation journey through strategies like "Going Global" and "Entering China", and by advancing digitalization in the "Belt and Road" Initiative. Their goal is to turn ideas into actions and visions into reality.

The "AI+" initiative aims to support the ongoing process of digital transformation in industries.

In recent years, AI has become a key focus of national strategy. It has not only made significant advancements in technology, data-driven solutions, and policy support, but has also become more integrated across different industries. This year, the "AI+" initiative was introduced in the Government Report 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 systems. During this year's WAIC, CITIC Group held a press conference to announce the launch of the "AI+ Action Plan" campaign, which is a collaborative effort involving 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, discussed the importance of global DICT service solutions. He highlighted the need for enterprise globalization to focus on optimizing and complying with value propositions, especially under initiatives like the "Belt and Road" and "Going Global". Enterprises should evolve their "Going Global" strategies from simply exporting products to enhancing production capacity, ultimately transforming their business models comprehensively. This transformation process should involve leveraging advantages to offer flexible and modular DICT services in areas like cloud, network, and security, as well as implementing AI and other emerging technologies to empower enterprises and create tailored application scenarios for different industries, generating new value for businesses.

Furthermore, CITIC Telecom CPC and China Entercom have partnered with CITIC Dicastal, a prominent member of CITIC Group's advanced intelligent manufacturing division and the 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 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 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 digital and intelligent operations.

Both parties are collaborating to create a new model for producing aluminum automotive parts that will incorporate AI and big data technologies. CITIC Dicastal's expertise in manufacturing will be combined with these advanced technologies to improve processes such as manufacturing, research and development, decision-making, and sustainability efforts in various industries. This collaboration aims to increase production efficiency and intelligence, as well as enhance the entire smart manufacturing industry chain. China Entercom will provide security capabilities that focus on AI, real-time alerts, and global factory interconnection for CITIC Dicastal. They will also work on monitoring information security threats globally, with a special focus on the Belt and Road region. These efforts will enhance information security and pave the way for a new era in smart manufacturing.

The "China-France Corridor" is helping to promote the advancement of digitalization in both countries.

The main attraction in CITIC Group's exhibit area is the "China-France Corridor", highlighting the success of CITIC Telecom in supporting businesses in 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 China and France. Europe is a key region for CITIC Telecom's resources, so they created the "China-France Corridor" exhibition to showcase the collaboration between the two countries in digital innovation.

Over the years, CITIC Telecom has strengthened its partnerships with French companies and has achieved 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 helped numerous prestigious French companies establish a presence in China, expand their operations, and offer their services in the country. Additionally, CITIC Telecom is dedicated to assisting Chinese companies in expanding internationally and gaining access to the French market by offering comprehensive ICT resources and local technical assistance. This facilitates a secure and efficient connection between Chinese and French businesses, ultimately contributing to the advancement of the global digital economy.

An example of AI and corporate business integration can be seen in a project by a multinational manufacturing company. The China Entercom team has developed an AI-driven material forecasting solution for the customer's global supply chain system. This solution aims to lower costs and enhance efficiency by using AI and big data. The team is working towards improving the accuracy of the forecasting system to more than 80% within the next 6 months. The solution combines market trends, past sales data, seasonal patterns, and economic indicators, and employs machine learning algorithms to predict changes in market demand.

Mr. Dickson Ip stated that CITIC Telecom aims to serve as a connection between different parties, utilizing new digital technologies to discover potential partnerships with French businesses in areas like intelligent manufacturing, retail, and urban development.

Boosting the digital transformation in the "Belt and Road" Initiative through new accomplishments and enhancing progress for different sectors.

The main focus of the "Belt and Road" Initiative is connecting different regions. CITIC Telecom has been actively participating in the Initiative since its inception, following a strategy of expanding globally and entering the Chinese market. In addition to improving its own international ICT resources, CITIC Telecom is also working on integrating new technologies like AI, cloud computing, network, and security. The company aims to support global businesses in their digital transformation under the "Belt and Road" Initiative, assisting Chinese and foreign companies in various industries with their global development.

CITIC Telecom has a presence in 160 countries and regions across 5 continents worldwide. Their global network links nearly 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 globally. This allows them to provide excellent delivery services to customers and strengthen their Global-Local strategy.

The latest advancements in digital technology 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 in expanding their international presence, improving operations, cutting costs, and increasing efficiency through the use of innovative technology. Additionally, CITIC Telecom, drawing on its extensive experience in China, is helping foreign businesses leverage technology to drive business value and achieve sustainable growth and stability in the Chinese market.

CITIC Telecom has assisted more than 3,000 businesses in expanding internationally and entering the Chinese market. They have also provided services to over 40,000 local businesses. Additionally, CITIC Telecom has over 200 Fortune 500 companies as their clients.

Mr. Layton Lok stated that whether Chinese companies expand internationally or foreign companies enter the Chinese market, there are positive effects on the local economy and overall development. For example, CITIC Dicastal's high-end intelligent automotive aluminum parts manufacturing base project in Morocco has generated over 1,800 job opportunities for the local population. Additionally, a French-owned beauty company has established its North Asia headquarters in Shanghai, improving its market presence in the Yangtze River Delta region with the help of digital solutions and meeting the development needs of the area.

Stop by our booth at H1-B101 to see what

Artificial Intelligence (AI) plays a crucial role in today's digital landscape. Its widespread use in various industries and creative applications helps businesses increase their value and undergo transformation. Stop by the CITIC Telecom booth H1-B101 to see our groundbreaking advancements and collaborate on integrating and implementing new digital technologies.

The 2024 World AI Conference is happening soon. For additional details, visit the website: www.citictel.com.

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