Technology

China-ASEAN Observation: What Are the Future Trends in China-ASEAN Digital Economy Cooperation?

Published

1 year ago

February 25, 2025

BEIJING, Feb. 25, 2025 /PRNewswire/ — The digital cooperation between Singapore and China holds exceptional promise, given their mutual commitment to technological innovation and digital transformation. Singapore, with its well-developed digital infrastructure, especially, the innovative regulatory framework, and status as a global financial hub, complements China’s vast market, technological expertise, and manufacturing capabilities. Singapore’s strategic position as a gateway to Southeast Asia also makes it an ideal partner for China as it seeks to expand its digital footprint in the region.

The collaboration between Singapore and China can be particularly impactful in several high-potential areas. This partnership can enhance financial inclusion and streamline transactions between businesses and consumers. There are also opportunities to explore central bank digital currencies (CBDCs) and alternative global settlement solutions.

As leaders in AI research and development, Singapore and China can collaborate to advance smart cities, healthcare, and logistics. By sharing expertise in big data analytics, they can drive innovations across various sectors, including finance, healthcare, and public services. The growth of e-commerce presents a valuable opportunity for digital cooperation. By aligning their digital trade policies and platforms, Singapore and China can facilitate smoother cross-border e-commerce transactions and enhance cybersecurity measures to ensure safe and secure digital trade.

Both nations are pioneers in smart city development. Collaborative projects in this area can lead to sharing best practices, conducting joint research, and implementing cutting-edge technologies to improve urban living, sustainability, and efficiency. For instance, integrating smart electric vehicles with smart city initiatives could be a key focus.

Additionally, as two of the most digitally advanced economies in Asia, the collaboration has the potential to set benchmarks for the region and beyond. Initiatives like the China–Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity and the Sino-Singapore Guangzhou Knowledge City can serve as blueprints for future collaborations, fostering a more integrated digital economy.

As for China and ASEAN, the cooperation in the digital economy is set to become a cornerstone of their economic partnership. Focusing on critical areas such as e-commerce, digital infrastructure, AI, and cybersecurity will unlock new growth opportunities and foster a more integrated and resilient digital economy. This collaboration will not only benefit China and ASEAN but also contribute to broader goals like digital inclusion and sustainable development in the Global South.

Governments and firms should closely monitor the following key trends:

1. Digital Silk Road Integration: The Digital Silk Road, part of China’s Belt and Road Initiative (BRI), is likely to play a pivotal role in ASEAN-China digital cooperation. This initiative promotes the construction of digital infrastructure, e-commerce platforms, and smart cities, which will integrate ASEAN more closely into the global digital economy.

2. Rise of Digital SMEs: As digital infrastructure improves, more small and medium-sized enterprises (SMEs) in ASEAN will have the opportunity to engage in digital trade. This will lead to a more inclusive digital economy, where even the smallest businesses can access international markets. The economic amplifying effect has been well observed in China and ASEAN countries.

3. Increased Focus on Sustainability: Sustainability will become a key consideration in digital economy cooperation. Both China and ASEAN are likely to prioritize green technologies and digital solutions that contribute to environmental protection, such as smart grids, energy-efficient data centres, and sustainable urban planning.

4. Collaborative Innovation Hubs: To foster innovation, China and ASEAN may establish joint research and development centres or innovation hubs focused on digital technologies with industry partners and universities. These hubs could facilitate collaboration between researchers, entrepreneurs, and governments, driving the development of new digital products and services.

As international data flows evolve, ASEAN and China face the critical challenge of balancing digital integration benefits with the need for robust data governance. To address these challenges and build a trustworthy, transparent, and secure digital environment, they should engage both the private sector and civil society to establish common standards for data governance, promote ethical use of data and AI to build trust through transparency and accountability, enhance multilateral dialogue and cooperation, strengthen cybersecurity collaboration, and facilitate cross-border data flows with continuous monitoring and adaptation. RCEP has already set up an arrangement to facilitate free data flow among the ASEAN 10 + 5 countries.

ASEAN and China must deepen their collaboration across multiple fronts. By harmonizing data governance standards, enhancing cybersecurity cooperation, promoting ethical data use, and engaging a broad range of stakeholders, they can create a robust framework that supports digital innovation while safeguarding privacy and security. This approach will not only strengthen their digital economies but also contribute to the broader goal of building a secure and trustworthy global digital ecosystem.

(This article is a contribution from Yan Li, invited by China-ASEAN Observation. Yan Li is currently a senior lecturer at Nanyang Business School, Nanyang Technological University, Singapore. The views expressed are solely those of the author and do not necessarily reflect the views of China-ASEAN Observation.)

About China-ASEAN Observation

https://www.coa-observation.com/

Established by China Center for International Communication Development (CCICD) in 2024, China-ASEAN Observation is a dedicated content platform focusing on various aspects of China-ASEAN relations, including economic and trade cooperation, cultural exchanges, and regional developments. The platform gathers insights from experts and scholars across China and ASEAN, offering analytical articles that provide perspectives on key topics such as the current state and future prospects of China-ASEAN cooperation, the development of a shared future community, high-level exchanges, regional peace and stability, economic and trade trends, the South China Sea, technology, and cultural tourism. In addition to commentary, the platform incorporates data visualizations, infographics, and illustrations to present information in a diversified manner.

China-ASEAN Observation collaborates with multiple Chinese media platforms to establish a content-sharing mechanism, expanding its reach and influence. By providing in-depth perspectives and diverse content, China-ASEAN Observation aims to be a leading voice in fostering mutual understanding and cooperation between China and ASEAN nations.

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Technology

Innowise Named to 2026 CRN Tech Elite 250 List By The Channel Company

Published

3 hours ago

April 26, 2026

WARSAW, Poland, April 26, 2026 /PRNewswire-PRWeb/ — Innowise has officially secured a position on CRN’s 2026 Tech Elite 250. This annual ranking identifies IT solution providers across the US and Canada that have achieved top-tier status within the partner programs of the industry’s leading technology vendors. The inclusion follows a period of verified growth in technical proficiency and a focus on high-impact engineering.

“Innowise concentrates on creating scalable, resilient architectures that produce measurable benefits for our clients. The honor of being recognized by CRN highlights the commitment of our experts to maintain high standards in highly competitive markets,” said Dmitry Nazarevich, CTO at Innowise.

About the Tech Elite 250

The Tech Elite 250 is a directory of companies recognized as having the highest level of partnership and certifications within the global IT ecosystem. In order to reach the final list, the provider must hold the most advanced technical credentials from vendors like AWS, Cisco, Dell, HPE, IBM, Intel, Nutanix, and Nvidia.

This directory serves as a verified ledger for enterprise clients who need to orchestrate complex hardware and software stacks without letting legacy environments rot. Holding these certifications is mandatory to stop the cash bleed caused by inefficient infrastructure and unoptimized cloud usage.

About Innowise

Founded in 2007, Innowise is a global software engineering and IT consulting center. The company is focused on developing high-value technologies, including artificial intelligence, data engineering, and cloud computing. Innowise crafts technological solutions for companies across 40+ domains in order to assist them in updating, creating, and modernizing their digital ecosystems.

Innowise specializes in using established technologies and modular approaches to enable organizations to expand or shift their operations while retaining complete control over all their physical and intangible assets.

Media Contact

Lizaveta Piaskova, Innowise, 48 48 787 027 706, lizaveta.piaskova@innowise.com, innowise.com

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Technology

Neusoft Showcases Full-Stack & Global Innovations at Auto China 2026

Published

6 hours ago

April 26, 2026

BEIJING, April 26, 2026 /PRNewswire/ — At Auto China 2026, Neusoft Corporation hosted a press conference on April 25th and announced three key strategic moves: the iteration of Neusoft OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0, the launch of Neusoft NAGIC.AI Cockpit Software Platform, and the strategic upgrade of its subsidiary, Neusoft Smart Go. By leveraging full-stack technology and a global ecosystem to drive innovation and empowerment, Neusoft is transforming vehicles into proactive, connected and collaborative mobile intelligent spaces.

OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0: An Evolved AI Companion for Global Intelligent Mobility

Intelligent mobility requires proactive perception, scenario integration, and global connectivity to meet personalized user needs and complex driving scenarios. Neusoft, whose products cover over 130 countries and regions worldwide, addresses these challenges with its OneCoreGo® Global In-Vehicle Intelligent Mobility Solution 7.0 through AI-driven innovation and global ecosystem collaboration. Powered by One Mate’s cross-agent collaboration and a sub-product matrix including One Map, One Sight, One Cloud, One Pay, One Store, One Link, and One Guard, the solution delivers full-link global mobility services spanning navigation, in-cabin AR, payment, app ecosystem services, connectivity and security. By breaking down functional silos, it streamlines multi-step operations into a single “depart” command, leveraging full-stack AI technology across perception, decision-making, interaction, and execution processes.

Guan Xin, Vice President of Neusoft and General Manager of Neusoft Automotive Innovative Solutions Division, said, “Adhering to the core principles of AI and globalization, OneCoreGo® 7.0 keeps innovating, evolving into a globally intelligent mobility companion that truly understands user needs.”

To enhance driving safety and mobility efficiency, OneCoreGo® 7.0 has also comprehensively upgraded its sub-products: One Map Global Navigation newly introduces 3D city effects, 3D lane-level maps, and traffic light guidance, offering dedicated solutions for two-wheelers and commercial vehicles as well. One Sight AR For Car improves navigation display effects, reducing instances of taking wrong routes. One Pay In-Vehicle Payment achieves over 90% payment coverage for parking services across core European cities. Combined with One Cloud’s global compliance cloud monitoring platform and One Guard’s full-stack vehicle networking security services, it creates a truly comprehensive OneCoreGo® Global In-Vehicle Intelligent Mobility Solution.

Neusoft NAGIC.AI Cockpit Software Platform: Dual-track Architecture for AI Integration in Every Vehicle

Amid the AI-driven transformation of the automotive industry, the market faces two challenges: limited computing power in legacy vehicles and high adaptation difficulties for next-gen models. Neusoft’s NAGIC.AI Cockpit Software Platform adopts a flexible “distributed + centralized” dual-track architecture approach. For existing vehicle models, it introduces the AI BOX solution, rapidly boosting computing power via external AI computing units, significantly reducing upgrade costs and timelines. For new vehicle models built on next-gen central computing platforms, Neusoft provides a full-stack AI cockpit software product suite, meeting automakers’ stringent requirements for system stability, reliability, and full-domain control.

Pang Hongyan, Vice President of Neusoft and General Manager of the Automotive Intelligent Software Division, said, “Our dual-track architecture enables every vehicle to embrace AI and enjoy an intelligent future. Both existing models and new-generation vehicles can find the most suitable path to intelligentization.”

Moreover, Neusoft’s NAGIC.AI Cockpit Software Platform features scenario-based, human-centric AI Agents seamlessly integrating driving safety, occupant care services, intelligent assisted driving and in-cabin entertainment. Neusoft also collaborates with global ecosystem partners to drive intelligent upgrades of in-cabin interaction products, fostering a more open and dynamic intelligent cockpit ecosystem.

Strategic Upgrade of Neusoft Smart Go: A World-leading Provider of Full-Domain Upper-Body Electronics Solutions for Intelligent Vehicles

Aligning with the trend of E/E architecture evolution from distributed control to “central computing + zonal control”, Neusoft Smart Go, a subsidiary of Neusoft in the field of intelligent vehicle connectivity, has completed a strategic upgrade, aiming to become a global leader in full-domain upper-body electronics solutions for intelligent vehicles.

This strategic upgrade positions Neusoft Smart Go to focus on full-domain scenarios in upper-body electronics, building a product matrix covering full-category in-vehicle electronics solutions, including central computing platforms, cockpit-driving-parking integration, intelligent cockpits, intelligent communications, intelligent audio systems, and zonal control units, and pioneering the integration of large model algorithms.

Jian Guodong, Senior Vice President of Neusoft and CEO of Neusoft Smart Go, said, “This strategic upgrade represents a significant leap from partial focus to comprehensive layout. Through our dual-track strategy of high-end cutting-edge solutions and mature standardized products, we can flexibly meet the mass production needs of vehicle models across different regions and price segments worldwide.” Neusoft Smart Go will provide mass-producible, adaptable hardware-software integrated solutions, empowering global automakers in achieving intelligent transformation.

Neusoft’s President, Mr.Gai Longjia stated, “In the future, Neusoft Smart Go will create stronger synergy with Neusoft Corporation by sharing internal technologies and capabilities while responding jointly to external demands. This specialized yet collaborative model will preserve business unit’s agility and expertise while enhancing Neusoft’s full-stack technological advantages.”

As a trusted partner in a smarter world, Neusoft is committed to collaborating with global automakers and ecosystem partners to build an open and inclusive intelligent automotive community together for the future of global mobility.

For more information about Neusoft, please visit www.neusoft.com.

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Technology

Lianlian DigiTech Returns to Money20/20 Asia to Expand Partnerships, Share Industry Trends, and Explore AI-Enabled Global Financial Infrastructure

Published

10 hours ago

April 26, 2026

BANGKOK, April 26, 2026 /PRNewswire/ — Lianlian DigiTech, a leading global provider of digital payment services, was once again invited to participate in Money20/20 Asia, one of the world’s most influential fintech gatherings, held in Bangkok, Thailand from April 21 to 23. At the event, the company presented its latest developments in cross-border payment infrastructure, technology innovation, and ecosystem collaboration, offering a comprehensive view of its work enhancing global cross-border payment capabilities.

During the conference, Lianlian DigiTech announced a strategic partnership with UK-based fintech company USI Money to further strengthen its global cross-border payment network, delivering more efficient and reliable fund flows for merchants worldwide. Shen Enguang, Co-President of Lianlian DigiTech; Mark Ma, Head of Global Banking Partnership at LianLian Global; and Bryan Jiang, General Manager Hong Kong of LianLian Global, attended the event and engaged with representatives from international financial institutions. They shared perspectives on fintech trends and global payment innovation, offering industry insight into the continued evolution of a more integrated and interoperable cross-border payments ecosystem.

Building a Borderless Payment Network with Global Partners Including USI Money

At the event, Lianlian DigiTech formalized a strategic collaboration with London-headquartered USI Money to further develop its global payment infrastructure.

The partnership will focus on cross-border remittance and foreign exchange services, combining both companies’ technological capabilities and resources to deliver a one-stop payment and collection solution for global businesses. The offering is built to be efficient, secure, and cost-effective, improving overall fund flow efficiency and streamlining foreign exchange execution.

Syed Bukhari, Group Chief Business and Operating Officer at USI Money, said: “Our partnership with Lianlian will strengthen our remittance capabilities, creating greater value for our customers through broader network coverage and improved transaction performance.”

Bryan Jiang, General Manager Hong Kong of LianLian Global, said: “By leveraging the complementary strengths of our ecosystem partners in technology and compliance, Lianlian will continue to scale its global payment network and improve transaction efficiency. We remain committed to enhancing financial connectivity across global financial markets and delivering more efficient and reliable cross-border payment solutions for our customers.”

Founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (2598.HK), Lianlian DigiTech is a China-based, globally focused digital payment company with increasingly integrated AI capabilities across its platform. Guided by its mission of “Connecting the world, Empowering global commerce,” the company focuses on developing a trusted and scalable financial infrastructure. As of the end of 2025, Lianlian DigiTech has built a cross-border payment network covering more than 100 countries and regions, serving over 10.4 million customers worldwide.

USI Money is a foreign exchange and international remittance service provider offering tailored cross-border financial solutions for businesses and individuals. With competitive real-time exchange rates and efficient execution as its core strengths, the company delivers fast, secure, and reliable global fund transfers.

In addition, Lianlian DigiTech co-hosted a networking session with Unlimit during the event, providing a forum for industry dialogue. The session brought together a broad group of fintech partners to explore collaborative models and help foster a more connected ecosystem.

Industry Roundtables: Unlocking Layered Collaboration in AI-Driven Cross-Border Payments and Advancing Financial Inclusion in Emerging Markets

At the same time, Mark Ma and Bryan Jiang were invited to the themed roundtable discussions, where they shared insights drawn from industry practice and outlined new approaches to aligning fintech innovation with the global financial system.

At the roundtable on “Fintech and Banks,” Mark Ma noted that the global payment system is rapidly shifting from isolated capabilities to a layered, collaborative model. Banks continue to serve as the foundational infrastructure, responsible for clearing networks and liquidity management. Fintech firms like Lianlian, meanwhile, build on top of this foundation to deliver application-layer services for businesses, transforming complex cross-border payment channels into more accessible solutions that support a wider range of practical business scenarios. He also emphasized fintech’s growing role in compliance and value creation. By embedding risk controls and verification processes into technology workflows, fintech companies can act as compliance intermediaries, improving efficiency while filtering risk and enabling banks to operate more effectively at scale. Meanwhile, insights derived from transaction data and business flows allow for more precise evaluation of small and medium-sized businesses, shifting capital allocation from experience-based decisions to data-driven approaches and improving access to financial services.

At the roundtable titled “Different Worlds, Shared Challenges: Bridging Emerging Markets,” Bryan Jiang pointed out that the core of financial inclusion is shifting from scale of coverage to practical usability in everyday financial activity. The ability to serve underserved segments such as small and micro merchants and overseas workers in a sustained and reliable manner ultimately depends on continuous improvements in product design and operational capabilities. Using emerging markets as an example, Jiang explained that small and medium-sized businesses in these regions often face challenges such as difficult account setup, complex cross-border collections, high foreign exchange costs, and multi-layered tax requirements. Many existing solutions still follow traditional business-focused models, resulting in cumbersome KYB processes and lengthy review cycles that are misaligned with the asset-light, high-frequency, fast-turnover nature of these businesses. In response, Lianlian has lowered barriers to fund flows by offering local collection accounts, optimizing foreign exchange mechanisms, and improving settlement efficiency. The company has also restructured account architecture, streamlined review processes, and enhanced fund visibility, creating a more seamless and intuitive user experience that better aligns financial services with its clients’ business operations and day-to-day activities.

As digital technologies increasingly integrate with the real economy, innovations in AI and blockchain are reshaping the foundations of global financial services. Lianlian DigiTech has long invested in AI capabilities, global compliance, and the growth of its international service network. Its broad licensing coverage, regulatory track record, localized service capabilities, and technical reliability have earned the trust of regulators, customers, and partners worldwide.

Looking ahead, Lianlian DigiTech will continue to build on its cross-border expertise and compliance experience to further develop its AI capabilities and deepen collaboration with global partners. The company aims to extend its role beyond payment network services into more integrated financial infrastructure solutions. Lianlian DigiTech remains committed to serving as a trusted platform for global financial transactions in an increasingly digital environment, enabling businesses and individuals worldwide to access faster, more efficient, and more seamless cross-border financial services.

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SOURCE LianLian Global