Accelerating The Digital Economy Must Be A Collective Effort 

Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) participated in the Malaysia China Digital Economy Forum that took place in Kuala Lumpur today. The forum, which aims to promote mutual technology development and cooperation to drive the future of the digital economy ecosystem between Malaysia and China, saw the participation of government bodies, industry leaders, technology experts, academia and businesses to explore digital transformation and cooperation between Malaysia and China.

With the theme, “Bridging the Malaysia-China Digital Economy Ecosystems”, the forum explored insightful topics with speakers from the Malaysia Digital Economy Corporation (MDEC), Fusionex, TusStar and many others.

Huawei Malaysia was represented by Huawei APAC Industry Ecosystem Engagements Director Mr Konesh Kochhal (PIC) who spoke on the topic, “Unlocking the Growth Potential with Digital First Economy Approach in Malaysia”.

Konesh said: “Accelerating Digital Economy requires all core stakeholders: Consumers, business and governments to think digital-first for developing new products, services or business models. A resulting Digital First Economy will ensure continued investments, synergized outcomes and sustainable digitalization progress”

The event saw speeches delivered by the Prime Minister’s Special Envoy to the People’s Republic of China cum Chairman of Malaysia-China Business Council Dato Sri Tiong King Sing, Deputy Minister of Higher Education Dato’ Ahmad Masrizal Muhammad, Ambassador of the People’s Republic of China H.E. Ouyang Yujing and other dignitaries.

Huawei Malaysia CEO Mr Michael Yuan, who is also the Vice President of the China Enterprises Chamber of Commerce in Malaysia, was also present at the event.

The forum also hosted an exhibition which involved Huawei Malaysia, alongside other companies, showcasing the latest technologies, products, and services as well as business models that highlighted the advanced digital transformative tools from China.

The Malaysia-China Digital Economy Forum 2022 is organised by the Malaysia-China Business (MCBC) and seeks to create a platform for accelerating digital adoption by encouraging mutual technology and talent exchanges, joint development of cybersecurity and data protection, and mutual development of digital ecosystems between Malaysia and China. The forum hopes to be the bridge that opens dialogue between the public and private sectors in Malaysia and China by pushing high-quality digital economy development. It also strives to foster innovative and immersive ecosystems in the two countries to deepen technological cooperation and joint partnerships to elevate both countries as the new engine of growth in the thriving digital era.

Reducing digital divide in Inner Mongolia’s Daxing’anling Mountains

China is arguably making the world’s biggest push to reduce the digital divide between rural and urban residents, with mobile carriers and telecom tower builders pouring tons of resources into ensuring that more people can access fast, affordable mobile communication and broadband network services.

The move is part of broader efforts launched by the Ministry of Industry and Information Technology and the Ministry of Finance, to promote inclusive telecom services. Starting from the end of 2015, the central government, local governments and telecom carriers have earmarked billions of dollars to overcome geographical barriers to expand network construction and let more people benefit from the upgraded internet services.

One of the focuses is to expand the telecom signal coverage in Daxing’anling Mountains in Inner Mongolia autonomous region. Daxing’anling Mountains is a famous mountain range in the northeast of China, and it sits at the highest latitude in China and is known as “nature’s treasure trove.”

Last year, the Ministry of Industry and Information Technology approved the plan to build 121 4G telecom base stations in Daxing’anling Mountains, and most of the construction work has already been done.

After the project is completed, the public network coverage rate of forest farms, scenic spots, fire watch towers, important roads, and key fire danger areas in Daxing’anling Mountains can be increased to about 50 percent, up from less than 10 percent.

E Liye, a forest investigator for Daxing’anling Mountains, is one of local people who have benefited from the expanded telecom services. From April to November every year, E and his colleagues go deep into the mountains to carry out field surveys. However, this year is a little different. The data collected by the team members in the forest can be transmitted to technicians in real time through the 4G network for analysis. In the past, they had to ride motorcycles to bring the data to the technicians.

The Ministry of Industry and Information Technology said more efforts will be made to increase support for key rural counties, border areas, and key forest and grassland fire prevention areas, and support broadband network coverage in villages, forest farms, pastures, and along major transportation routes. At the same time, the support for the construction of 5G networks in rural areas will also be increased year by year.

Singapore: AI in the Age of Plenitude

Tembusu Conversations is a new series of dialogue seminars presented at Tembusu College each semester. Dialogues with professionals from many sectors aim to familiarise students with technology advancements and financial, geopolitical, and social developments.

Dr Lee Kai-Fu, CEO of a full-service venture capital business and former President of a prominent internet search engine, sees the future of AI and automation as “plenitude” or the condition of being full/complete – as defined in the dictionary.

He outlined five prospective drivers. These five driving forces can function in silos to impact change, or they can come together synergistically, like with automation and energy, which are predicted to cut material and labour costs through autonomous robots.

Automation could make life sciences gadgets smaller, faster, cheaper, and more precise, thus, Dr Lee anticipates quantum computing to mature in the next two decades and power the next wave of innovation.

Recent advances in quantum computing put much of today’s encryption, including Bitcoin, at risk. AI will replace some jobs in the next decade, but it can’t entirely replace humans. This underlined the significance of finding and fostering career talents for intellectually difficult and long-lasting AI professions while embracing technology as a tool and collaborator in one’s work.

Dr Lee is optimistic that numerous prospects await other countries like Singapore. Referring to computer firms having local headquarters. With this, he encouraged young people to pursue careers with them, believing they would teach valuable entrepreneurship lessons.

NUS highlighted that the goal of AI is to create intelligent computers that can simulate human cognitive abilities, such as perceiving, learning, and problem-solving. In the past decade, advancements in machine learning have made artificial intelligence one of the most intriguing and rapidly evolving areas of computer science.

Even though there are still many unanswered concerns, several AI approaches are already mature enough to be deployed and utilised in daily life, such as voice-based assistants, self-driving cars, and automatic photo organising.

Tembusu College is one of four residential colleges located in University Town (UTown), which is an extension of the main Nationa University of Singapore (NUS) campus at Kent Ridge. The institutions, which are the first of their kind in Singapore and Southeast Asia, provide a unique alternative to undergraduate campus life.

Meanwhile, this year, it was revealed that NUS Computing Associate Professor Ilya Sergey and Assistant Professor Trevor Carlson were the recipients of a prestigious research award. The programme grants unlimited funds and promotional credits to academics that explore interdisciplinary research subjects.

Prof Sergey’s research proposal focuses on programme synthesis, while Prof Carlson’s focuses on expediting the Boolean Satisfiability (SAT) problem solution. This year, there were a total of 74 recipients from 51 universities in 17 countries.

Awardees will get access to more than 300 companies’ public datasets and will be able to use AWS artificial intelligence and machine learning services and tools. Under the supervision of a faculty member, the award will additionally support the work of up to two graduate or postdoctoral students for one year.

Prof Sergey’s research proposal integrates formal verification, distributed systems, and programme synthesis, fields in which he and his team have been conducting research over the past few years.

The synthesis job in this context is to automatically construct a model that correctly simulates the behaviour of real system implementation and is phrased in a way that enables automated proof of its qualities of interest, such as the crash resilience of a replication protocol. He said that the team’s method is the first of its type to use programme synthesis techniques to produce formal system specifications with the intention of verifying them.

ZTE embarks on Campus Recruitment 2023

As of June 30, 2022, ZTE had filed more than 85,000 global patent applications, with over 43,000 patents granted worldwide.

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today has kicked off its campaign on ZTE Campus Recruitment 2023, which covers a total of more than 5,000 positions in R&D, marketing, supply chain, and operation support, for fresh graduates around the world.

According to the company, talent is one of the three cornerstones of ZTE and a key driving force for enterprise development. To ride the trend of digital economy, ZTE invites innovative and courageous Gen Z to join the journey toward a brilliant future of science and technology.

Innovation and Collaboration with Industries for Shared Success in Digital Economy
ZTE is always committed to achieving high-quality growth through efficient, open, and transparent collaboration with the telecoms industry, verticals, and community. By participating in the co-building of a digital and intelligent ecosystem, ZTE strives to accelerate the transformation and upgrading of the whole society. As a key contributor to global 5G standards, the company constantly innovates in underlying technologies to enhance core competence and promote win-win development.

According to its interim report, ZTE achieves double-digit gains in revenue and profit in H1 2022. While consolidating its 1st curve business, the company rapidly expanded business in the 2nd curve, such as server and storage products, automotive electronics, and digital energy. The remarkable progress is evidenced by the nearly 40% year-on-year revenue increase in its 2nd curve business.

Based on large investment in R&D and continuous technological accumulation, ZTE ranks high on the list of global patent portfolios. As of June 30, 2022, ZTE had filed more than 85,000 global patent applications, with over 43,000 patents granted worldwide. According to the report released in November 2021 by IPLytics, an internationally renowned patent data company, ZTE ranks global top 4 for sustainable leadership in 5G declared Standard-Essential Patents to ETSI.

As the digital economy develops, industrial collaboration for shared success in the ecosystem has become an inevitable trend, which creates a huge demand for talent in digital intelligence. Following the principle of high standard, high quality, and high level in the 2023 campus recruitment, ZTE aims to attract innovative talent to maintain the development momentum of talent teams, thereby consolidating the foundation for the company’s development.

Multidimensional Growth for Talent to Create a Better Future 
Since its establishment, ZTE has taken talent as one of its cornerstones and adhered to the core values of “respecting each other, endeavoring with creativity”. The company has been committed to creating a productive and transparent work environment as well as an open and inclusive corporate culture, to improve the work experiences of employees. ZTE also strives to provide clear channels and various opportunities for career growth, unleashing employees’ potential and creating value on the international stage. In addition, the company provides systematic and multi-dimensional training, attractive salaries, benefits, incentives, and challenging platforms to achieve a win-win for the company and employees.

To give full play to employees’ potential, ZTE provides a matrix of career development paths, including seven position levels and three tracks (management track, professional track, and project track), and designates mentors for new employees to help them adapt to the work environment from three respects: cultural inheritance, work guidance, and emotional support. Such efforts enable employees to quickly fit into the company and identify the most suitable development path for themselves. In addition, ZTE has been continuously improving the employee welfare system and paying high attention to the all-round development of employees.

Regarding employee growth, ZTE keeps working for a better capability building platform and a learning and development community with the collaboration of all parties. Moreover, ZTE enhances the targeted training of employees, explores new models for comprehensive and strategic talent development, and tailors a talent development system.

In terms of employee motivation, ZTE has not only provided performance-based bonuses, but also developed different long-term incentive programs for key talent in the company’s different development stages. In this way, all efforts of the employees can be recognized and rewarded.

To offer better opportunities for the development and promotion of outstanding talent, ZTE launched the “Blue Sword Program” in 2014. It is designed to cultivate future leaders by selecting and developing top tech talent. Each Blue Sword member will have a professional mentor and go through systematic training. Mentors will provide guidance for them in terms of daily work, professional direction, and career development.

With a growing demand for talent in digital intelligence, ZTE not only provides abundant and diversified positions, but also continuously steps up efforts in talent development. By allocating exclusive resources for fresh graduates, improving career development paths, and building tailored training systems, ZTE strives to create a healthy talent development ecosystem, facilitate high-quality employment of fresh graduates, and support the talent in creating a better future.

Over the past 37 years, ZTE has been committed to building a leading high-tech talent team with strong innovation capability to support the sustainable development of the company and society. Opening a new chapter in 2022, ZTE is looking forward to creating a digital and intelligent ecosystem.

Alibaba Cloud Unveils Financial Services Solutions to Advance Industry Digitalisation

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, launched its suite of Alibaba Cloud for Financial Services solutions, comprising over 70 products designed to help financial services institutions (FSIs) of all sizes across banking, insurance, securities and FinTech to digitise their operations.

These solutions are designed to support every stage of a FSI’s digital journey and provide easy access to cutting-edge cloud-native technology. Together, they deliver five core capabilities covering over 20 business scenarios to improve FSIs’ operational efficiency, customer experience, security and compliance:

  • Robust and elastic cloud infrastructure to enable FSIs to effectively manage their day-to-day operations and the expansion of their digital applications via build-in cloud governance capabilities.
  • Security and compliance solutions give FSIs confidence that they are operating in compliance with regional and industry-specific security and regulatory requirements.
  • Agility in business application development is achieved through a wide range of financial-grade cloud tools, middleware and distributed database products for developing cloud native applications, as well as the ability for FSIs to manage workloads through Alibaba Cloud’s public and hybrid cloud platforms, their own premises or via multi-cloud environments in a scalable and flexible way.
  • Digital onboarding and servicing leverages various Software-as-a-Service (SaaS) and hybrid cloud deployments to support mobile and digital operations, remote video-based sales platforms and an electronic know-your-customer (eKYC) solution, helping FSIs verify and onboard users online anytime and from anywhere.
  • Customer insights generation and analytics solutions harness Artificial Inteliigence, blockchain, Machine Learning and data analytics to help FSIs analyse and visualise omni-channel digital engagement intelligence, aiding the discovery of customer insights and enabling intelligence-driven decision making.

“As the Malaysian market continues to respond and grow towards the light of digitalisation, it’s imperative that Alibaba Cloud continues that momentum by catering to the growing need, in this case, cloud-based solutions and products aimed at FSIs,” said Kun Huang, General Manager of Malaysia, Alibaba Cloud Intelligence. “By leveraging our extensive cloud capabilities and extensive industry know-how, we are able to develop and deliver a comprehensive suite of solutions aimed at advancing the growth and innovation of businesses in the financial sector. It is our strong hope that by expanding our product offerings in FSIs that we are able to see more opportunities for growth in future.”

Trusted Partner of FSIs across Malaysia

A recent survey commissioned by Alibaba Cloud found that the financial service sector’s top priorities in Asia Pacific were to accelerate multi-cloud migration, increase automation and build analytics platforms.

Rapidly growing financial organisations among public sectors are also seeing value from cloud solutions. Sabah Pay, the first Sabah state government’s e-Wallet was launched to enhance the local financial inclusion, making financial services accessible and affordable, filling the void of inaccessibility to rural areas as well as promoting urbanisation. By leveraging Alibaba Cloud’s IaaS service, Sabahans are able to conduct and record payments through a variety of citizen-centric services, as well as acting as a one-stop source for every visitor to know more about the state. The IaaS system also offers elasticity and scalability, while maintaining cost efficiency.

George Taitim Tulas, CEO at Sabah Credit Corporation (SCC), the founding organisation said: “Our first choice was to seek the services of Alibaba Cloud. Its extensive list of successful case studies, as well as the team’s commitment, dedication and professionalism, has proven to be the perfect choice for Sabah Pay. They are always committed to delivering the best services and solutions, and initial test runs with their IaaS system showed very positive results. We look forward to taking this collaboration to the next level in the near future.”

In addition, Touch ‘n Go Digital (TnG Digital), a Malaysian-based company providing mobile e-wallet services, required secure, agile and scalable technology to support its business growth. Through Alibaba Cloud’s Elastic Compute Service, Content Delivery Network (CDN) and EMAS Mobile Test solutions, TnG Digital was able to expand their services effectively. The e-wallet provider also leveraged Alibaba Cloud’s Database Backup Services and PolarDB solution to reduce backup time and ensure peak performance during traffic spikes.

“Alibaba Cloud’s dedicated support team actively responds and provides high-quality support services, helping TNG Digital find quick solutions to any problems around the clock. In addition, their cutting-edge cloud technology and comprehensive security solutions enable TNG Digital to meet regulatory requirements and deliver products to market faster,” said Leslie Lip Mun Foong, CTO of Touch’n Go Digital.

Alibaba Cloud’s financial service solutions serve more than just singular end-users as on the other end of the spectrum lies macro organisations such as Permodalan Nasional Berhad (PNB), which has grown to become one of Malaysia’s largest fund management companies. PNB leverages on the strength of Alibaba Cloud’s advanced infrastructure to not just gain scalability but also boost speed to market. Furthermore, Alibaba Cloud has helped PNB maintain network and system efficiencies to ensure its customers can seamlessly access their accounts without any downtime or delay.

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