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Foreign firms positive about China’s digital market

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Foreign firms positive about China’s digital market

New York entrepreneur Rashid Galandaci shows a mobile app for assisted driving to visitors at the Light of Internet Expo, a side event of the sixth World Internet Conference held in Wuzhen.

The app basically allows the users to make a video recording of their trips by combining computer vision and artificial intelligence. It enables users to receive alerts when they are at risk of involving themselves into an accident. Galandaci acknowledges how cutting edge China’s technology really is. He also has high hopes in finding Chinese partners in the expo.

Meanwhile, Asia-Pacific vice-president and general manager of digital solutions at Johnson Controls, Alvin Nga, shares that the company values the Chinese market has helped them set up more than 100 branches, eight manufacturing plants and three research and development centers in China.

They have been cooperating with China in the fields of artificial intelligence, cloud computing and the Internet of Things. They are aiming to integrate into the sustainable ecosystem of digital economy.

GSMA, an international association in the mobile industry reports that China’s 5G connections will make up for about one-third of the world’s total by 2025. China has been taking the lead in 5G technology and related applications. GSMA Ceo John Hoffman affirms that China will certainly be a good choice when looking for the next unicorn company.

German software and cloud giant SAP is also increasing its presence in the Chinese market.
Since 2012, SAP has acquired several companies that sell cloud-based products, with several multibillion-dollar acquisitions In 2014 SAP bought Concur Technologies, a provider of cloud-based travel and expense management software, for $8.3 billion, SAP’s most expensive purchase to that date.

IBM and SAP began a partnership to sell cloud-based services in 2014, Meanwhile, it also partnered with HPE to provide secure hybrid cloud-based services running the SAP platform in 2015. It has also announced additional partnerships with Microsoft in order to give customers tools for data visualization, as well as improved mobile applications.

Global senior vice president and managing director of SAP China, Sam Li said that the company endeavors to develop cooperation between China and Germany in the field of industrial internet.

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