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

CITIC Telecom, a leading multinational telecommunications company in the Asia-Pacific region, is participating in the 2024 World AI Conference to demonstrate their innovative use of technology and digital empowerment. The company is collaborating with its subsidiaries, including CTM, CITIC Telecom CPC, China Entercom, and ACCLIVIS in South East Asia, to showcase their advancements in AI development and industry integration. Through CITIC Group's coordination, CITIC Telecom is highlighting their efforts in promoting digitalization for businesses involved in the "Belt and Road" Initiative, as well as creating new innovative solutions on a global scale.

In this year's exhibition zone, CITIC Group is highlighting the benefits of combining technology, industry, and finance under the theme "Smart CITIC: Creating Possibilities Together". They are showcasing how AI is being integrated into various aspects of their business, showcasing their expertise in driving the digital economy's high-quality development.

CITIC Telecom is a significant part of the new consumer market and a key element of the CITIC Group's "Belt and Road" business strategy. At the CITIC Group's exhibition zone, they focus on showcasing innovative technologies such as AI, big data, and AR, as well as their global ICT resources. By implementing the "Going Global" and "Entering China" strategies, CITIC Telecom helps companies speed up their digital transformation journey. They are committed to advancing digitalization in the "Belt and Road" Initiative and turning ideas into actions and visions into reality.

The "AI+" initiative is driving 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 its presence in various industries. The Government Report for this year introduces the "AI+" initiative for the first time, with CITIC Group taking advantage of this strategic opportunity to integrate AI into industrial development and enhance productivity and digitalization. At this year's WAIC, CITIC Group announced the launch of the "AI+ Action Plan" campaign during a press conference, in collaboration with CITIC Telecom and its subsidiaries like CITIC Telecom CPC and China Entercom.

During the "CITIC Solutions Accelerate Industry Transformation" session, Mr. Adan Zhan, the 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 focusing on optimizing and complying with value propositions under new development initiatives like the "Belt and Road" and "Going Global". Enterprises should improve their "Going Global" models by shifting from exporting products to production capacity, resulting in a comprehensive transformation of their business models. It is essential to leverage advantages to offer flexible and modularized capabilities in DICT services like "Cloud, Network, Security", and utilize technologies like AI to empower enterprises and develop tailored application scenarios for different industries, creating new values for businesses.

Furthermore, CITIC Telecom CPC and China Entercom have teamed up with CITIC Dicastal, an important part 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 car parts.

Being the first factory in the global aluminum wheel industry to have a lighthouse, CITIC Dicastal is committed to advancing 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. 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 create a model for producing aluminum automotive parts using AI and big data technologies. CITIC Dicastal's expertise in manufacturing will be combined with these technologies to enhance various aspects of the industry such as manufacturing, process optimization, R&D design, operational decision-making, and green development. This collaboration will improve production efficiency and intelligence, and upgrade the smart manufacturing industry chain. China Entercom will provide "AI+ Security" capabilities to enhance real-time response alerts and connect global factories of CITIC Dicastal while monitoring information security threats globally, especially in the Belt and Road region. These efforts will strengthen information security and pave the way for a new era in the industry.

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

The main attraction of CITIC Group's exhibit area is the "China-France Corridor", highlighting CITIC Telecom's success 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 China and France. He also emphasized Europe's significance for CITIC Telecom's resource allocation, leading to the creation of the "China-France Corridor" exhibit showcasing the collaborative advancements in digital innovation between the two countries.

CITIC Telecom has strengthened its partnerships with French businesses over time and has seen significant success in helping them enter the Chinese market. This collaboration spans across various industries, including luxury brands, automotive parts manufacturers, media companies, and professional services providers. By utilizing its integrated platform of "Cloud, Network, Security," CITIC Telecom has facilitated the expansion of several prestigious French companies into China, allowing them to establish a strong presence and offer their services in the country. Additionally, CITIC Telecom is dedicated to assisting Chinese companies in expanding internationally and accessing the French market by offering extensive ICT resources and local technical support. This support enables secure and efficient connections between Chinese and French businesses, ultimately contributing to the growth of the global digital economy.

An example of how AI can be integrated into corporate business is a project by a multinational manufacturing company. The China Entercom team uses AI and big data to create a material forecasting solution for the customer's global supply chain. This solution aims to lower costs and increase efficiency. The team's goal is to improve 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 algorithms to predict changes in market demand.

Mr. Dickson Ip stated that CITIC Telecom is dedicated to being a connection and facilitator, utilizing cutting-edge digital technologies to seek out new opportunities for cooperation with French companies in areas such as smart manufacturing, smart retail, and smart cities.

Boosting digitalization within the "Belt and Road" Initiative by introducing new advancements and increasing progress for different industries.

The main focus of the "Belt and Road" Initiative is creating connections between different countries. CITIC Telecom has been actively involved in implementing the initiative since its beginning, following strategies to expand globally and enter 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, network, and security. The company aims to support corporate digitalization worldwide under the "Belt and Road" Initiative, helping Chinese and foreign businesses in various industries to grow globally.

CITIC Telecom operates in 160 countries and regions across five continents worldwide. Their extensive 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 globally. This infrastructure enables them to provide high-quality 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 in expanding their global presence, improving operations, cutting costs, and increasing efficiency through the use of advanced technology. Additionally, CITIC Telecom, with its extensive experience in China, is helping foreign enterprises to translate technology into tangible business benefits, ensuring long-term success and growth in 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 enterprise clients. Among CITIC Telecom's customers are over 200 Fortune 500 companies.

According to Mr. Layton Lok, both Chinese companies expanding globally and foreign companies entering the Chinese market have a positive impact on local economies and lead to mutual development. For example, CITIC Dicastal's high-end intelligent automotive aluminum parts manufacturing base project in Morocco has created over 1,800 job opportunities for locals. Additionally, a French beauty company has established its North Asia headquarters in Shanghai, utilizing digital solutions to improve market reach in the Yangtze River Delta region and meet the integrated development requirements of the area.

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 creative applications helps businesses improve their value and undergo transformation. Stop by the CITIC Telecom booth H1-B101 to see our innovative accomplishments and collaborate on implementing digital technologies in new ways.

The 2024 World AI Conference can be accessed for more details at the website: www.citictel.com.

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