Technology

China’s AI Ascent: User Momentum Fuels Innovation

Published

1 year ago

March 7, 2025

BEIJING, March 7, 2025 /PRNewswire/ — A report from People’s Daily: Chinese consumers now actively harness artificial intelligence for knowledge queries, presentation design, and conversational interfaces. Official statistics indicate that since China’s internet debut three decades ago, its digital populace has swelled beyond 1.1 billion, with generative AI tools engaging roughly 250 million users.

This quarter-billion adoption metric underscores AI’s seamless permeation into societal rhythms. The tech-savvy appetite of China’s netizens cultivates an innovation ecosystem where experimental technologies find rapid commercialization. Such vast uptake signals the nation’s dual dominance in internet infrastructure development and AI implementation.

Market forces and preferences remain ultimate arbiters of technological viability. Within the current AI acceleration phase, China maintains stride with global pioneers. The country leads in peer-reviewed AI research publications and patent authorizations globally, while hosting the world’s second-largest cluster of AI enterprises.

This robust foundation renders the recent proliferation of breakthrough AI applications an inevitable outcome rather than industry happenstance. When cutting-edge R&D catalyzes novel industrial ecosystems, mass adoption follows not as conjecture but as market physics in action.

Since its full integration into the global internet in 1994, China has emerged as the world’s largest digital marketplace, distinguished by an unparalleled base and an innovation engine that rivals Silicon Valley’s dynamism. Transitioning from trend adoption to technological co-development and selective leadership, the nation’s internet sector exemplifies how sustained R&D investment yields transformative dividends–mirroring the arc of China’s broader technological ascendancy.

Global analysts increasingly posit that China’s artificial intelligence breakthroughs may catalyze paradigm shifts across scientific disciplines, compelling international observers to recalibrate their assessments of the country’s innovation capacity. Yet maintaining this momentum demands more than fleeting ambition: it requires institutional tenacity. The evolutionary leap from 3G catch-up to 5G primacy illustrates this trajectory, having established the infrastructural bedrock for today’s mobile internet dominance.

Not all innovation springs from aspiration. External pressures–such as AI chip export controls–have paradoxically galvanized domestic problem-solving. Chinese tech conglomerates now pioneer workarounds while contributing these insights to the global knowledge commons, demonstrating resilience through open collaboration.

This ethos permeates beyond AI. A tripartite commitment from state institutions, corporate entities, and civil society has driven consistent annual growth in R&D expenditure. Policy frameworks incentivize experimentation, digital infrastructure achieves near-total penetration, and the doctrine of “innovation-led development” now underpins national strategy.

The true import of China’s 250 million generative AI users lies not in the statistic itself, but in what it signifies: a societal conviction that technological self-reliance is neither optional nor aspirational, but existential. When necessity and capability converge, innovation ceases to be a choice–it becomes inevitability.

Three cultural phenomena are reshaping global perceptions: the viral adoption of lifestyle platform Xiaohongshu among overseas audiences, DeepSeek’s emergence as an AI trailblazer, and the box office triumph of animated epic Ne Zha 2. These achievements collectively signal a paradigm shift in global perceptions of Chinese innovation.

In the realm of technological competition, demonstrated capability proves more persuasive than rhetoric. China progresses resolutely along its distinctive path of technological advancement. Academic metrics reveal dominance in fundamental research through both volume and influence of high-impact publications. The nation continues to lead global patent filings in emerging technologies, with its industrial ecosystem ranking first in WIPO’s Global Innovation Index for science and technology clusters–marking two consecutive top rankings in the biennial index.

The scale of China’s modernization project remains unprecedented in human history. Beyond quantitative supremacy, the critical factor lies in the symbiotic relationship between technological progress and its 1.4 billion beneficiaries. This organic fusion of societal adoption and institutional innovation has propelled China’s scientific trajectory from incremental gains to transformative breakthroughs.

What distinguishes this evolution is its self-reinforcing nature: each technological milestone cultivates public confidence, which in turn fuels subsequent advancements. International observers increasingly recognize this virtuous cycle – not as isolated technical accomplishments, but as systemic capacity building that redefines innovation’s geographical frontiers.

View original content:https://www.prnewswire.co.uk/news-releases/chinas-ai-ascent-user-momentum-fuels-innovation-302395349.html

Technology

Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

Published

7 minutes ago

May 5, 2026

OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites.

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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View original content:https://www.prnewswire.co.uk/news-releases/hexagon-composites-asa-eirik-lohre-appointed-permanent-cfo-302762250.html

Technology

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

Published

7 minutes ago

May 5, 2026

LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

View original content:https://www.prnewswire.com/apac/news-releases/longport-whale-enters-malaysian-market-with-next-generation-trading-infrastructure-for-local-brokerages-302761411.html

SOURCE LONGPORT Whale

Technology

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Published

7 minutes ago

May 5, 2026

Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

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View original content:https://www.prnewswire.co.uk/news-releases/thunes-and-vodacom-tanzania-unite-to-power-cross-border-m-pesa-payments-across-china-and-uganda-302760085.html