Technology

Hot topics set for discussion in Beijing

Published

2 years ago

October 18, 2024

BEIJING, Oct. 17, 2024 /PRNewswire/ — A report from China Daily:

A prestigious financial event is to commence on Friday in Beijing, where senior government officials, along with experts, scholars and representatives from global financial institutions, will deliver keynote speeches.

The Annual Conference of Financial Street Forum 2024, running until Sunday, is co-hosted by the Beijing government, the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, Xinhua News Agency and the State Administration of Foreign Exchange.

This year’s event is to attract more than 500 distinguished guests from more than 30 countries and regions around the world.

Over the course of three days, participants will engage in discussions on current economic and financial hot topics, aiming to enhance mutual trust, deepen win-win cooperation and share development opportunities.

The theme of this year’s forum is “Trust and Confidence — Work Together to Promote Financial Openness and Cooperate for Shared Economic Stability and Growth”.

“Trust is the cornerstone of international cooperation and confidence is the support for economic development,” said Liu Dongwei, executive secretary-general of the forum’s organizing committee and head of Beijing’s Xicheng district.

“This theme fully reflects the deep consensus among the forum’s organizers, financial institutions and industry insiders, highlighting the development concepts of co-consultation, co-construction, co-governance and co-sharing.

“It also showcases the inclusiveness, the role of demonstration and leadership of the Financial Street Forum,” he added.

This year’s forum is structured around a main forum plus parallel forums and a fintech conference. It features 25 thematic activities and three investment and financing matchmaking events.

The main forum includes opening and closing ceremonies, as well as six thematic activities focusing on such topics as improving the modern central banking system, deepening capital market reforms, empowering industries through finance to lead high-quality development, and enhancing mutually beneficial international trade and investment cooperation.

The activities will also provide authoritative interpretations of international and domestic economic development trends and financial regulatory policies.

Additionally, the international level of this year’s forum has been enhanced. It has set up three sub-venues in Hong Kong, Luxembourg and Tokyo, inviting local governments and enterprises to participate. And, for the first time, it has invited the Hong Kong Financial Services Development Council to host thematic activities in Beijing.

The closing ceremony will be held in conjunction with the Hong Kong sub-venue, inviting representatives from the governments and institutions of Beijing and Hong Kong Special Administrative Region to participate in an in-depth discussion on the theme of “green finance”, promoting financial exchanges and cooperation between the Chinese capital and the SAR.

Also, it will continue to host high-level dialogues with former central bank governors from major global economic and financial countries, like China, the United Kingdom and Switzerland.

The parallel forums will focus on “strengthening economic and financial cooperation for coordinated development” and “finance supporting sustainable economic development”, setting up a series of professional, cutting-edge and in-depth activities.

The fintech conference, serving as a specific segment of the forum, will run until Tuesday. It will feature 17 events, focusing on artificial intelligence plus financial innovation; data elements plus financial applications; fintech development and achievements; and bridging the digital divide through fintech.

Liu highlighted five major features of this forum, one of which is the richer thematic setting. For instance, the forum has, for the first time, invited the Ministry of Industry and Information Technology and centrally-administered and State-owned enterprises to host themed activities. These aim to emphasize the forum’s role as a platform for positive interaction between finance and the real economy.

The forum has also innovated the path of sci-tech transformation by creating a fund-themed forum and holding corporate roadshows and industry-finance matchmaking meetings.

This year, the forum offers a variety of supporting activities, making it not only a professional exchange platform for financial industry practitioners but a grand event for the public.

For example, during the forum, a large-scale cultural performance will be held at the Beijing Tianqiao Performing Arts Center, covering various art forms such as dance, song, music and opera.

In addition, the forum will conduct a large-scale series of shopping activities. Starting from Oct 1 and lasting nearly a month, these activities are taking place mainly at Beijing’s Seasons Place luxury shopping mall and its surrounding areas.

They include a coffee market, auto shows, electronic product roadshows and outdoor dining experiences. There will also be a global product launch and sale event, offering substantial discounts and consumption vouchers to the public.

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SOURCE China Daily

Technology

From China Mobile’s Call Upgrade to the Commercial Launch of “Calling + AI” by Leading Operators: AI Is Reshaping the Value of Native Calling

Published

1 hour ago

July 25, 2026

BEIJING, July 25, 2026 /PRNewswire/ — On June 15, 2026, China Mobile announced a comprehensive upgrade to its traditional calling services, ushering in a next-generation calling experience defined by HD, intelligence, and security. This milestone not only marks a major leap in telecommunication innovation but also reflects a global, inevitable shift: the transformation of basic communication into intelligent, inclusive services.

Breaking Experience Barriers and Redefining the Paradigm of Basic Calling

Overcoming the limitations of traditional, voice-only interactions, China Mobile has leveraged its mature VoLTE/VoNR network foundation to deeply integrate AI models with HD audio and video capabilities. Without requiring users to change their phones or SIM cards, seven core AI functions are now seamlessly embedded into the native dialer interface.

These upgrades include Live Captions bridge communication gaps for the elderly and hearing-impaired; HD video calls and AI noise reduction create a crystal-clear, immersive calling experience; AI anti-fraud intercepts high-risk calls in real time to safeguard users’ assets. Furthermore, the introduction of Data Channel (DC) technology and visual call menus transforms standard calls into agile, interactive service windows, enabling multi-party collaboration and seamless business transactions directly within the call. Through this initiative, China Mobile has successfully evolved traditional calls from a mere voice pipeline into a secure, integrated information hub.

“Calling + AI” Becomes a Strategic Consensus Among Global Leading Operators

From a global perspective, China Mobile’s call upgrade is not an isolated milestone, but a microcosm of the global telecommunications industry’s broader transformation. Throughout 2026, major operators worldwide are accelerating the commercial deployment of “Calling + AI” solutions:

Deutsche Telekom launched Magenta AI, leveraging artificial intelligence to enhance calling across all scenarios;T-Mobile US introduced a network-side, real-time translation service covering over 80 languages, effectively breaking down cross-border communication barriers;Saudi stc rolled out English-Arabic bilingual simultaneous interpretation, which has now entered large-scale commercial trials;South Korea’s LG U+ launched its ixi-O intelligent calling assistant, shifting the user experience from passive responses to proactive smart interactions and earning three prestigious GLOMO industry awards.

The synchronized efforts of these global leaders confirm that basic calling services have officially entered a new era of AI integration. Deeply empowered by artificial intelligence, “Calling + AI” has become the definitive blueprint for the intelligent transformation of the global telecommunications industry. As operators continue to refine these native capabilities, the traditional voice network is poised to reclaim its position as the most secure, ubiquitous, and valuable entry point in the AI era.

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SOURCE China Mobile

Technology

Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

Published

4 hours ago

July 25, 2026

SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

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SOURCE Trip.com Group Limited

Technology

NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

Published

6 hours ago

July 25, 2026

SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.”

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

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SOURCE NAVER