CITIC Telecom Showcases Intelligent Innovation and Digital Empowerment at 2024 World AI Conference: A Spotlight on AI+, China-France Corridor, and Belt and Road Initiative

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 the third consecutive year. Through the support of CITIC Group, the company will be showcasing their advancements in AI development, digital transformation for businesses within the "Belt and Road" Initiative, and innovative solutions for global markets. This collaboration aims to demonstrate intelligent innovation and digital empowerment in the industry.

In this year's exhibition, CITIC Group is highlighting the benefits of integrating technology, industries, and finance in their theme "Smart CITIC: Creating Possibilities Together". They are showcasing how they are effectively using AI in various business sectors to drive the digital economy's high-quality development.

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 "AI+ Computing Network" exhibition zone, CITIC Telecom focuses on showcasing innovative technologies such as AI, big data, and AR, as well as highlighting its global ICT resources. By implementing the "Going Global" and "Entering China" strategies, CITIC Telecom assists businesses in speeding up their digital transformation journey. They are also committed to advancing digitalization within the "Belt and Road" Initiative, turning concepts 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 advanced significantly in technological advancements, data-driven solutions, and policy support, while also increasing its presence in various 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 to integrate it deeply into industrial development and accelerate the growth of new-quality productivity and modernized digitalization systems. During this year's WAIC, CITIC Group announced the launch of the "AI+ Action Plan" campaign at a press conference, in collaboration with CITIC Telecom and its subsidiaries such as CITIC Telecom CPC and China Entercom.

During a session on accelerating industry transformation, 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 focusing on optimizing and complying with value propositions in enterprise globalization, particularly in light of 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 expanding production capacity, leading to a comprehensive transformation of their business models. This transformation should involve leveraging advantages to offer flexible and modular DICT services in cloud, network, and security, as well as utilizing 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 division and the top aluminum wheel producer globally. Together, they have introduced a new initiative called the "AI+" Action Plan aimed at creating a comprehensive business model for aluminum automotive components.

CITIC Dicastal is known as 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 are helping Chinese businesses 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 and management.

The collaboration between two parties aims to develop a new model for producing aluminum automotive parts using AI and big data technologies, combined with CITIC Dicastal's expertise in manufacturing. This collaboration will lead to AI-driven improvements in manufacturing processes, research and development, decision-making, and sustainability efforts in various industries. It will increase production efficiency, intelligence, and enhance the entire smart manufacturing industry chain. China Entercom will provide "AI+ Security" capabilities to enhance real-time response alerts and improve connectivity across CITIC Dicastal's global factories while monitoring information security threats, particularly in the Belt and Road region. These efforts will strengthen information security and usher in a new era for smart manufacturing.

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

The main attraction in CITIC Group's exhibition 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 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, 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 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. 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 offering their services in the country. Additionally, CITIC Telecom is dedicated to supporting Chinese companies in expanding internationally and entering the French market by providing comprehensive ICT resources and local technical assistance. This facilitates a secure and robust connection between Chinese and French businesses, contributing to the growth of the global digital economy.

An example of how AI and corporate business can be deeply integrated is demonstrated by a project carried out by a major multinational manufacturing company. The China Entercom team used AI and a big data platform to create a material forecasting solution for the customer's supply chain system, aiming to lower costs and enhance efficiency. They are working towards improving the accuracy of the forecasting system to above 80% within the next 6 months. This solution incorporates market trends, past sales data, seasonal patterns, and economic indicators, utilizing machine learning algorithms to predict changes in market demand.

Mr. Dickson Ip stated that CITIC Telecom aims to serve as a connection and facilitator, utilizing new digital technologies to seek out further possibilities for partnership with French businesses in areas such as advanced manufacturing, retail, and urban development.

Advancing the use of digital technology in the "Belt and Road" Initiative by showcasing new accomplishments and boosting progress in different industries.

The main focus of the "Belt and Road" Initiative is creating connections between different regions. CITIC Telecom has been actively participating in this initiative since its inception, 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, and network security. The company aims to support the digital transformation of global businesses under the "Belt and Road" Initiative, helping Chinese and foreign companies in various industries with their international development.

CITIC Telecom operates in 160 countries and regions across 5 continents globally. They have a vast network that 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 allows them to provide excellent service delivery 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, lower costs, increase efficiency, integrate advanced technology, and grow their market internationally. Additionally, CITIC Telecom, with its extensive experience in China, assists foreign enterprises in translating technology into tangible business benefits, ensuring long-term stability and growth in the Chinese market.

CITIC Telecom has helped more than 3,000 businesses expand internationally and enter 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 customers.

Mr. Layton Lok stated that both Chinese companies expanding globally and foreign companies entering the Chinese market have positive effects on the local economy and overall development. 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. With the help of digital solutions, this beauty company has been able to expand its market presence in the Yangtze River Delta and address the development needs of the region.

Stop by booth H1-B101 to see what we have

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 and implementing new digital technologies.

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

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