Category Archives: event

China will invest US$14.6 bil to develop digital economy

chinaChina will invest 100 billion yuan (about US$14.6 billion) for developing the digital economy in the next five years, according an agreement signed at the International Conference on the Digital Economy and the Digital Silk Road.

The investments will go to projects on big data, internet of things (IoT), cloud computing, smart cities and the digital Silk Road, according to an agreement signed by China Development Bank and the National Development and Reform Commission.

The development of the digital economy has been listed as an important task for building modern economic set up in China and to achieve high quality development.

China has achieved much progress in this area over the past few years, by way of rolling out a raft of measures, which included a national big data strategy.

A report released by Cyberspace Administration of China said the country’s digital economy grew to 27.2 trillion yuan last year, up 20.3% year-on-year, and accounted for 32.9% of  its Gross Domestic Product (GDP).

The two-day International Conference on the Digital Economy and the Digital Silk Road, held in Hangzhou, a scenic city in east China’s Zhejiang Province, opened  on Tuesday.

source: ww.theedgemarkets.com

New Vision for A Global Digital Economy Emerges At Smart China Expo (event)

smart china expoIndustry leaders attending the first Smart China Expo (SCE 2018) in China’s western city of Chongqing have articulated a new vision for how the world’s digital economy will evolve at the event’s Global Digital Economy Summit, a forum that brought together 650 participants under the theme “New Digital Economy, New Growth Engine.” Speakers projected a future in which Big Data reshapes the way businesses and governments operate, cooperate, and compete.

New forces being unleashed by current innovations threaten to disrupt the existing economic growth models of many industries, as digital information will rise to the same status as land and capital as a key element of productivity. Meanwhile, governments around the world are building “smart infrastructure” as they seek to use technology to upgrade power grids, railways, ports and toll roads, and seek to integrate everything. Big Data technology also helps build “smart cities,” boost consumption, and improve social welfare programs ranging from education to philanthropy to healthcare.

“Artificial Intelligence (AI) could be a big contributor to healthcare,” said Piero Scaruffi, a cognitive scientist, AI expert and writer of A History of Silicon Valley. Piero, believes that technology will make a better society and that AI will slash the cost of healthcare. “When we talk about machines saving lives, that’s real progress,” he said.

Kate Garman, smart city policy adviser to the Mayor of Seattle, shared insights into smart city management at SCE 2018. “Smart cities have challenged cities to be innovative. It has been the inspiration for cities to jump forward using technology,” she said.

Despite huge progress, China still faces many hurdles in developing a digital economy, said Li Yizhong, former head of China’s Ministry of Industry and Information Technology (MIIT). “Chinese manufacturers lag in the application of smart manufacturing, and businesses need to accelerate their digitalization process.” Li pointed out that “issues like how to balance improving efficiency and protecting jobs, and how to protect commercial secretes in the age of Internet also remain challenging.”

Alibaba Vice President Liu Song predicted that over the next 10 years, AI and the Internet of Thongs (IoT) will replace mobile technologies as the world’s defining digital technologies, which is why Alibaba is heavily investing in three areas: Big Data, network synergy and smart data. Liu’s view was echoed by Cai Yongzhong, Chairman of Deloitte China, who urged traditional businesses to actively embrace innovation in the face of the upcoming digital revolution.

For more information, please visit http://www.ichongqing.info/smart-china-expo/.

About Smart China Expo (SCE)

Held Chongqing, the Smart China Expo (SCE) is a world-class, national-level Expo that supports the development of Big Data and smart technologies in Western China. High-profiled guests joined the event including 4 political heavyweights, 22 national government officials that above ministerial-level, 58 persons who are in charge of institutions under national departments, and 407 senior representatives from top tier global brands such as Siemens, IBM, Microsoft, Qualcomm, Baidu, Alibaba, Tencent, Huawei and more.

source: www.multivu.com

The iWorld Expo 2018 Themed on Digital Economy Kicked Off in Chengdu

On August 16, 2018, the iWorld Expo 2018 grandly kicked off at the Century City New International Convention and Exhibition Center in Chengdu. During the three-day period, under the theme of “Digital Economy in the New Era”, a wonderful event about artificial intelligence and the mobile Internet ecosystem will come onto stage in three major dimensions: exhibitions, international forums and supporting activities.

The iWorld Expo is supported by the Chengdu Municipal People’s Government, jointly hosted by the Chengdu Municipal Commission of Economy and Information Technology, Chengdu Bureau of Expo Affairs and Management Committee of the Chengdu Hi-tech Development Area, and organized by the International Data Group (IDG). This exhibition has attracted more than 200 domestic and foreign brand exhibitors, 100 industry leaders, 300 news media, and 100,000 visitors.

In the report of the 19th National Congress of the Communist Party of China, there was a proposal to build China’sstrength in digital networks, the digital economy, smart society and the sharing economy and to foster new growth areas and drivers of growth. This marks the advent of golden explosion of data economy era. In addition, recently, the Third Plenary Session of the 11th Sichuan Provincial Party Committee has issued the “Decision of the Sichuan Provincial Committee of the Communist Party of China on Comprehensively Promoting High-Quality Development” and clearly proposed to seize the commanding heights of the digital economy. The theme of the iWorld Expo coincides with the path of Chengdu’s vigorous digital economy, showcasing Chengdu’s ambition and confidence in the digital economy.

Eight exhibition areas are being put on show

Innovation is the first driving force for development. At the iWorld Expo 2018, a large amount of companies have brought the audience their cutting-edge innovations.

Covering an area of 22,000 square meters, the exhibition area consisted of eight major sections, namely artificial intelligence, smart life of the future, virtual reality/augmented reality, innovation and start-ups, smart cities, digital entertainment, and smart hardware and intelligent autos.

With the in-depth development of artificial intelligence, the application of artificial intelligence technology has gradually expanded to more industries and fields such as unmanned vehicles, smart homes, consumer electronics terminals, and education. As the key exhibition area of the iWorld Expo, the artificial intelligence exhibition area covers about 2,500 square meters and gathers well-known enterprises such as BOE, Hammer Technology, Pangolin Robot, Deocean, Codoon, and I Winner, attracting a large audience. Meanwhile, at the BOE booth, the BOE 5.99-inch dynamic suspension flexible AMOLED screen, with a thickness of only 0.03mm and a resolution of 1080×2160, is becoming the star of the BOE booth.

At present, the entire smart car industry has entered a new period of development, with more and more industrial opportunities emerging. In the smart car pavilion, leading companies such as BAIC BJEV, Weizuche, and Auto Financial Service gathered to show the cutting-edge technologies of the future car in smart driving, life service, security protection, location service, car assistance and other systems from different perspectives. BAIC BJEV has demonstrated the new era of national pure electric SUVEX360. In terms of technology, BAIC BJEV has introduced the vehicle-based artificial intelligence “Darwin System”, which is a self-learning and self-growth vehicle intelligent technology system independently developed by BAIC BJEV by integrating artificial intelligence and deep learning.

In addition, Tianfu Software Park and Techcode Global Industry Incubator also come onto the stage of the Innovation and Entrepreneurship Exhibition Area to showcase the power of innovation and entrepreneurship to the public.

The international forum created smart peak feast

The digital economy has brought new opportunities for the transformation of traditional industries. Meanwhile, the information economy, represented by a series of high-tech technologies such as cloud computing, big data and artificial intelligence, is becoming the core of the development of the digital economy. How does the digital economy integrate with the traditional industries? What new formats and new models will the digital economy bring forward? The iWorld Expo is showcasing numerous ideas from a range of mobile internet industries.

Synchronizing the opening ceremony are the 16th China International Software Cooperation Conference and iWorld Conference 2018. Participants at the forums include representatives from National Ministries and Commissions, Sichuan Provincial Party and Government, Chengdu Municipal Party and Government, Foreign consular agencies in Chinaattended this eye-catching forum, along with other significant visitors from pioneering enterprises, scientific research institutions, advanced academic and industrial organizations at home and abroad.

Liu Liedong, Deputy Mayor of Chengdu Government, shared his analytic and profound opinions at his speech. Mr. Liu holds that China is facing with an essential opportunity for scientific and technological revolution and industrial innovation. Information network technology has become an important engine driving economic and social development, and software acts as the core and soul of the new generation of information network technology, playing a more and more significant part in a new round of development in Chengdu. Accordingly, the exhibition will fully perform its characteristics as internationalization and specialization, armed with stronger interaction and experience, aiming to promote interpersonal communication and idea-sharing. Chengdu is making full preparation for providing high-level services and heading for a promising future.

Jennifer Xu, Vice President of IDG Asia, delivered a speech on behalf of the host organization. From her words, it is at the third year that iWorld has landed in Chengdu led by IDG. The exhibition hands out a gathering platform for both new and old friends to make joint efforts for developing emerging technic industry and innovative entrepreneurship in Chengdu. Open to the whole world, iWorld aims to boost emerging industries and especially the advantages of high-tech innovation and entrepreneurship, achieving a global appraised brand of Chengdu.

Nine parallel forums are held, including “Linking the Future” Block Chain Summit, VR/AR: a perfect mix of hardware and software, Global Creative Mobile Internet Development Competition (Chengdu Station), Science and Technology Innovation Summit, Changing the Future  Crossover Artificial Intelligence, Build the development of business space with new consumption mode and new experience, Elite Strategic Layout – the Match Point of Internet Industry, Intelligent Road of Intelligent Vehicle. Internet experts from both home and abroad gather together to discuss the development of digital economy under the new era of artificial intelligence.

Featured events ignite the passion of the exhibition

The iWorld Expo 2018 brings not only feasts of innovative technology and ideas to the audience, but also a wonderful journey of smart technology. Various special events take turns to ignite the entire scene, which are quite amazing.

As the classic old-fashioned activities of iWorld Expo, “The Best 2018 Award” and “Talent Award” still continue to be wonderful as they were in previous years. The authoritative selection of high-quality mobile Internet products manufacturers and excellent developers and technicians reserve a new force for the development of the industry.

In addition, iWorld e-sports stage an eye-catching performance. The two popular game projects, including King Gloryand StarCraft, attract top-notched players and wellknown teams from both home and abroad to launch a fierce confrontation and improve the interactive viewing experience of the live events through the on-site esports game.

The Robot Fighting Competition highlight this year’s variety show. By following the trend of the times, iWorld Expo 2018 staged Battletech: The Crescent Hawk’s Inception, a fighting robot carnival full of fun and technology. 36 top teams from all over the world are fighting for the squad and vying for the crown, thus giving the audience a unique viewing experience.

In conclusion, the iWorld Expo 2018 boasts cool smart technology products, innovative ideas from opinion leaders, and fascinating interactive activities.

source: www.prnewswire.com

Digital economy plays key role in high-quality growth (China)

chinaChina’s manufacturing industry is aiming to transform itself from “Quantity” to “Quality”. The key strategy is to develop a digital economy, said Li Yizhong, the former minister from China’s Ministry of Industry and Information Technology on Sunday.

Speaking at the 2018 World Forum on Scientific and Technological Innovation in Beijing,Li said “A digital economy means a deep integration of Information technology (IT) and the manufacturing industry.”

“It is the trend of a global economy as well as a national strategy for a high-quality growth in manufacturing and internet development,’ he added.

Then, how to develop a digital economy?

Li noted that cutting-edge technologies like big data, internet, cloud computing, and Artificial Intelligence (AI) need to be closely integrated with the manufacturing industry to develop new products and business models.

There are three areas where China’s digital economy has developed the most in recent years, Li summarized, firstly, the IT industry has seen a fast growth and contributed 8 percent to the overall GDP growth last year.

Secondly, enterprises have played bigger roles in developing a digital economy. They have realized the significance of the integration between manufacturing and IT. For instance, Alibaba has rolled out an industrial system that integrated the internet and its companies. The IT industry includes telecom manufacturing, communication services, software and the internet industries.

Thirdly, the benchmarks in digitalization have been improved. For example, indoor broadband penetration has reached 86.7 percent while mobile broadband penetration has risen to 86.3 percent, and the internet surfing fee has been reduced by 46.2 percent, which has exceeded the goals set for 2020.

The number of robots used by every 10,000 workers on average has been increased from 23 in 2013 to 50 as of now, which is close to the world’s averages. The patents held by every 10,000 citizens on average have doubled since 2013. Moreover, enterprises hold over 60 percent of the overall patents.

He also pointed out the challenges faced by digital economy developments.

Core technologies are still controlled by other nations. The Chinese economic structure is still at the low-end. There are significant gaps between China and other developed countries in chips, integrated circuits, software, and data processing techniques. Ninety-five percent of high-end chips are from overseas. Therefore, technological innovations are vital for developing a digital economy.

Most enterprises lack awareness when it comes to digital transformation. They need technical assistance and support. Their understandings of how technologies could enhance productivity require further education. Meanwhile, tech companies lack the knowledge of the industrial demands.

Li suggested strengthening the communication and education for digital transformation among enterprises and leading industrial enterprises by collaborating with internet giants to develop new applications.

On the one hand, interdisciplinary talents who have both knowledgeable of technologies like big data and have the industrial expertise are extremely scarce. On the other hand, loads of traditional workers have been laid off. In France, 3 million jobs will disappear because of digitalization. While in the Guiyang hi-tech industrial development area, 42,000 jobs were created by the digital economy and related industries, Li said.

source: http://en.xfafinance.com

Jack Ma Launches $10M African entrepreneurs prize

jack_sa-3-editedAlibaba founder Jack Ma has established a new contest that will see African entrepreneurs compete for $10 million in funding, with the aim of supporting businesses that are growing the continent’s nascent digital economy.

Called the Jack Ma Foundation Netpreneur Prize, small businesses in Africa will vie for $1 million in prize money every year for the next decade, starting in 2019, a statement said. The Jack Ma Foundation will host an annual pitch competition, with all 10 finalists receiving grant funding and access to the Netpreneur community of African business leaders for mentorship and other resources.

“As a fellow entrepreneur, I understand the importance of getting support during the early days,” the Alibaba executive chairman said. “This prize demonstrates our support of a next generation of young entrepreneurs across Africa that is paving the way for a better future and impart positive change in their communities.”

While the competition will be open to entrepreneurs in all industries, the prize will focus on internet-led businesses that help advance technology and innovation in Africa. Applicants must be African nationals leading mission-driven organizations, and the 10 finalists will be selected by a team of judges from five regions representing the entire continent. Applications for the first year open in January, with the finalist pitch competition broadcast on television and online in the second half of 2019.

The prize was announced at the “Netpreneurs: The Rise of Africa’s Digital Lions” conference in Johannesburg on Wednesday, which drew 800 entrepreneurs, venture capitalists, researchers and policymakers. In addition to Ma, United Nations Conference on Trade and Development Secretary-General Mukhisa Kituyi and South African Minister of Science and Technology Mmamoloko Kubayi-Ngubane, UN Women Executive Director Phumzile Mlambo-Ngcuka and Lin Songtian, China’s ambassador to South Africa, were in attendance.

“The rise of the digital economy provides growth and opportunity to the developing world, but it is up to us to make sure no one is left behind. The work that Jack Ma and UNCTAD are doing together will help empower the emerging generation of young African business leaders to participate in and lead that growth,” Kituyi said.

source: www.alizila.com

Putin calls on Caspian littoral nations to focus on development of digital economy

Russian President Vladimir Putin has called on his counterparts from other Caspian littoral nations, namely Kazakhstan, Azerbaijan, Iran, and Turkmenistan, to focus on the development of digital economy.

“Russia calls on the Caspian littoral states to focus on cooperation in the sphere of digital economy, to introduce information and communications technologies and electronic commerce, to digitalize foreign trade operations, the shipments and logistics sectors,” Putin said at the Caspian summit on Sunday.

He said he hopes an intergovernmental agreement on cooperation in the sphere of transport on the Caspian Sea will help develop a common integrated infrastructure.

“Transport links is a key factor for sustainable growth and close cooperation between our states,” he stressed, adding that Russia is implementing a strategy for the development of sea ports in the Caspian basin till 2030. Thus, it is planned to build a deep-water port near Caspiysk by 2025. The port will be capable of handling heavy-duty vessels with a payload of 15,000-25,000 tonnes.

source: www.tass.com

 

Blockchain technology summit brings digital economy to Laos

laOSGovernment officials from different sectors, business representatives, entrepreneurs and Lao and Chinese experts gathered in Vientiane recently to share experiences and exchange information on blockchain technology.

Participants also debated about trends in blockchain development for future digital business expansion in the region and around the world.

The Global Blockchain Application Conference Laos Summit was held on July 29 by the BST Elephant Chain in Laos, aiming to bring digital technology management investors together to discuss the development and growth of blockchain technology.

During the conference, experts from companies in Laos and China, notably LAEX, WOGC and the BST Group, gave presentations about the integrated digital information system and technology, with the Lao government represented by Deputy Minister of Justice, Mr Bounsavad Boupha.

The blockchain system is the technology integration programme of the future, which helps to generate income and benefit via digital currency and contribute to economic expansion through participatory investment, the meeting’s Chair, Mr Xiang Run, said during the opening of the summit.

The event also helped entrepreneurs boost their understanding and have more choice in using digital systems for their business operations in line with international trends, he said.

Laos can benefit greatly from using blockchain technology in business communications and making financial repayments faster, said Mr Xiang Run.

Blockchain technology has already begun to deploy applications around the world.

Different developed countries have realised that there is huge potential for the application of block chain technology in public service and social mechanism optimisation through the blockchain development path.

At the event, organisers presented prizes to outstanding employees as well as certificates and other awards and mobilised funding for the relief effort in Attapeu province.

source: www.nationmultimedia.com