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Huawei and Partners Strategise to Revamp Asia Pacific Internet Infrastructure For AI And 5G Connectivity

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Huawei ISP Summit Asia Pacific 2019 was held today at the Mulia Resort, Bali, Indonesia, gathered over 150 key industry players and analysts to exchange views on How the ISP industry could speed up infrastructure transformation so as to tackle the innovation challenges in Asia Pacific in the AI & 5G era. Most top ISP providers in the region such as Telin(Singapore), IndoKeppel(Indonesia), Tata Communications(India), and UCloud(China). The summit, in its fourth year, took the theme of “Leading New ICT, Accelerate Service Innovation with ISP”.

Asia Pacific Internet services are ushering into the digital and AI era featuring data explosion and multiplied innovation after going through the data silo era and the fully connected era. The dramatic surge in demand for digital resources, the low latency of massive data transmission, large bandwidth, and network traffic optimization have brought huge business challenges to ISPs.

To rise to these challenges, ISPs need more open, more flexible, more agile, and more secure Internet infrastructure to meet Asia-Pacific users’ new requirements for Internet application services such as data centres (DCs), e-commerce, social networking, gaming, online payments, and tours, especially the requirements of multinational business development and technical innovation.

IDC research shows that companies in Asia Pacific have paid more attention on the return of investment than before. They have further reduced traditional ICT spending and chosen more cloud-based spending on infrastructure, software and services. According to IDC predictions, by 2020, at least 55% of organizations in the Asia Pacific region (excludingJapan) will be digitally determined, transforming markets and re-imagining the future through new business models and digitally enabled products and services. By 2022, the spending of enterprises in the Asia Pacific region (excludingJapan) on managed cloud services will be increased to nearly US$18 billion, driven by the need to optimize ROI, reduce budget and cope with the scarcity of cloud experts in the region.

At the summit, industry players agreed that, benefiting from the Smart Nation strategy and strong infrastructure, Singapore will continuously lead the regional digital economy in the Asia-Pacific region, as long as it makes good use of its own capital advantages and invests more in submarine cables and data centres. Indonesiathe Philippines, and Malaysia were also highlighted for their huge potential as digital economies, albeit with pressing needs for more backbone network and data centres.

Huawei today unveiled a suite of new solutions to help Internet Service Providers (ISPs) revamp Internet infrastructure in Asia Pacific, as the region embarks on a drive towards Artificial Intelligence (AI) deployment and 5G connectivity.

These solutions will enable traditional ISPs to reshape their legacy Internet infrastructure into a more open, agile and secure model that can handle a cloud-driven economy. These solutions include the industry’s first-ever data centre switch with an embedded AI chipthe CloudEngine 16800FusionServer 2298 V5, all-flash storage OceanStor Dorado 3000, and 600G DCI + OXC. The suite of new solutions from Huawei comes amidst industry consensus that traditional ISPs in Asia Pacific will find themselves in a fully cloud-driven era by 2020, with accelerating AI innovation and data explosion.

FiberStar, a nationwide infrastructure service provider in Indonesia, and Huawei signed a memorandum of understanding (MoU) during the summit. This MoU aims to explore potential collaboration in areas of Fixed Network, Data Centre. Both parties will collaborate to accelerate the internet infrastructure transformation in Indonesia. Huawei will contribute as a strong technology partner in network and data centre solution design and execution.

Daniel Zhou, President, South Pacific, Huawei Enterprise Business Group said, “The current state and pace of development of Internet infrastructure in Asia Pacific remains uneven, with great variations from country to country. Huawei’s aim is to capitalize on our global expertise and experience to work with the countries that could benefit from support to reshape their Internet infrastructure and networks, such as IndonesiaMalaysiathe PhilippinesIndia and Thailand. At the same time, we are committed to tailoring solutions for more advanced digital development needs of countries such as Singapore.”

He continued, “Huawei is currently the most ideal partner in driving ISP transformation within the Asia Pacific region. As a reflection of ISPs’ confidence in our abilities, Huawei’s ISP business revenue in the Southern Pacific Region achieved a 112% growth in 2018, and we expect this to grow steadily in 2019. As the application of clouds in the Asia-Pacific Internet industry accelerates, Huawei will continue to provide leading and innovative solutions for ICT infrastructure such as clouds, DCs, and networks, helping customers build an open, flexible, agile, and secure infrastructure platform to accelerate business innovation and remain competitive in the digital age.”

Wing Kin Leung, CTO of Marketing and Solution Sales Department of Huawei Enterprise Business Group commented, “As a provider and innovator of cloud services and infrastructure, Huawei will meet the needs of customers for rapid service rollout, flexible release of resources, big data analytics, ultra-wide DC interconnection, and VR and ultra HD streaming services, helping ISPs complete rapid transformation. By unified cloud management, Huawei cloud DCs enable application acceleration, agile delivery, and energy efficiency.”

Most recently, Huawei has helped Indonesia’s famous ISP Biznet complete digital transformation. Biznet offers Internet services to Internet vendors engaged in online local specialty sales, Internet enterprises engaged in live streaming and HD videos online, and innovative enterprises that invest in local social media or sharing platforms. These companies benefit people in Indonesia, which will finally vigorously advance the development of the digital economy in the Asia Pacific region and greatly extend the scope of the digital world in these countries.

Currently, in over 700 cities around the world, 211 of Fortune Global 500 and 48 of Fortune Global 100 have selected Huawei as their partner for digital transformation. Huawei has provided solutions for more than 1,000 Internet companies and DC service providers in more than 50 countries, helping them cope with the pressure of operational restructuring and infrastructure and complete digital transformation.

FACTSHEET

At Huawei ISP Summit Asia Pacific 2019, the leading global ICT solutions provider launched four new solutions to help revamp Internet infrastructure in Asia Pacific, in support of the region’s push towards 5G connectivity and increased AI deployment. These comprise the following:

  • CloudEngine 16800It is the industry’s first DC switch with an embedded AI chip that uses the innovative iLossless algorithm. The switch implements global network auto-optimization capabilities of millions of flows and application-based queues in various scenarios. This ensures that the intelligent and lossless DC network can achieve the highest throughput while packet loss is prevented. The AI computing power has been increased from 50 percent to 100 percent It provides the industry’s highest density 48-port 400GE line card per slot and the industry’s largest 768-port 400GE switching capacity.
  • FusionServer 2298 V5: It provides flexible and ultra-large local storage expansion capabilities while delivering excellent computing performance, helping reduce data storage costs. In a 2U chassis space, 2298 V5 supports 2 Intel® Xeon® Scalable processors, 12 DDR4 DIMMs, and 24 3.5” and 4 2.5” (up to 4 NVMe SSDs) hard drives for local storage. It incorporates patented technologies such as Dynamic Energy Management Technology (DEMT) and Fault Diagnosis & Management (FDM), and integrates Huawei’s eSight software for entire-lifecycle management, helping customers drive down operating expense (OPEX) and improve return on investment (ROI).
  • OceanStor Dorado3000 V3: It leverages industry-leading FlashLink® technology to ensure stable performance even during peak hours The intelligent multi-protocol interface chip supports industry-leading 32 Gbit/s FC and 100GE front-end protocols, while Huawei’s intelligent Baseboard Management Controller (BMC) manages CPUs, memory, and other components in a unified manner to shorten fault recovery time from two hours to ten minutes. The OceanStor Dorado3000 V3 also adopts industry-leading inline deduplication and compression technologies to cut the costs of energy consumption, cooling, and management and maintenance, reducing overall OPEX by 65 percent.
  • DCI + OXC: Based on the algorithm accumulation of Huawei-developed optical digital signal processor (oDSP) chips, Huawei combines channel-matched shaping (CMS) and optical-layer AI neuron technologies to build 600G commercial capabilities, realizing the maximum transmission capacity and distance in the real environment and achieving the best transmission performance in the industry. The OXC all-optical switching technology builds a simplified optical layer. The all-optical backplane supports 32-degree wavelength switching and high integration. With the application of One Direction One Unit (1D1U), one board integrates the functions of multiple boards, such as multiplexer/demultiplexer, OA, and optical supervisory boards. This greatly reduces the number of boards required and simplifies internal fiber connections. It enables one-click service provisioning and automatic hitless bandwidth adjustment, making the network more flexible and intelligent to adapt to rapid changes in cloud services.

Huawei also demonstrated new ICT solutions to help ease Internet Service Providers into a smoother transition from a current model of data centres, dark fiber and Internet Access Provider (IAP), to cloud services, cloud connectivity and Managed Service Provider (MSP).

  • DC to Cloud Service: Huawei’s cloud DC network features elastic scalability, easy O&M, and agile deployment, and an energy-saving technical solution with modular design. In addition, visualized tools for business design help complete business computing, storage, network, and application resource allocation within 10 minutes. The innovative SDN is compatible with traditional network solutions and integrates software and hardware to reduce the configuration workload by 90%.
  • Dark Fiber to Cloud connectivity: Huawei’s solutions include interconnection switching devices designed with innovative SDN architecture and Cloud Fiber. This enables ISPs to implement fast transmission, flexible scheduling, and fast migration of data on a wide area network (WAN), and build and support virtual bandwidth operation services.
  • IAP to MSP: Huawei demonstrated its rich service access capabilities to help IAPs improve competitiveness in bandwidth acceleration and help identify new opportunities for MSPs and develop cloud-based WiFi management solutions for enterprise customers.

SOURCE Huawei

Blockchain

CICC Upgrades Wealth Management Strategy and Officially Launches “CICC Wealth Management” Brand

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Photo source: unsplash.com

 

China International Capital Corporation Limited (CICC and “the Company”, 3908.HK) has just held the CICC Wealth Management Strategy Upgrade Conference 2019 in Shenzhen today under the theme of “Building Our Future through Partnerships, Achieving Life Goals to the Fullest” and announced the official launch of its wealth management brand “CICC Wealth Management”. More than 700 guests were invited, including government officials, regulatory authorities, customer representatives, shareholder representatives and employee representatives.

The Unified Brand “CICC Wealth Management” Officially Launched

Providing wealth management service for individuals is one of the important strategies of CICC. In 2007, CICC took the lead in providing wealth management services under the international standards. In 2016, CICC announced the restructuring with China Investment Securities Company Limited (CISC), which became an important starting point for the transformation and upgrading of CICC’s wealth management business. This restructuring has resulted in the further upgrade of CICC’s wealth management and retail brokerage business platform. By merging CISC’s extensive customer base and nationwide branch network, CICC’s strength in brand, research, products and prime brokerage business have been brought into full play.

This time, CICC has integrated the former “CICC Wealth Management” brand, with CISC’s wealth management and brokerage sub-brands, such as “CISC Gold” and “CISC Mobile” to launch the new unified brand “CICC Wealth Management”. It marks the comprehensive integration of the two platforms, and it is another milestone of the strategic transformation of CICC’s wealth management business.

Strategy Upgrade

With 12 years experience, CICC Wealth Management has become a leading wealth management institution in domestic market and has obtained many prizes from media. By taking advantage of the reform in Shenzhen and the restructuring of China Southern Securities, CISC has accumulated abundant experiences in the retail brokerage industry through more than 20 years, and has acquired strong industry position and impact.

After the brand integration, with its high-quality and professional wealth advisor team, its ability to provide solutions under international standards, its close interaction with other business divisions such as Investment Banking, Asset Management, Research and its strong technological platforms, CICC Wealth Management will provide its clients with a full-chain, one-stop and multidimensional platform, which offers more efficient, globalized and integrated trading, investment management, financing services, as well as a set of comprehensive solutions with the cooperation between wealth management and other business segments of CICC such as Investment Banking.

CICC Wealth Management will adhere to its faith of always putting its clients as priorities, persist on the model of wealth management from the buy-side perspective and dedicate itself to thoroughly understanding its clients’ needs and wants, helping its clients with professional investment advices, executing and keeping track of those investment plans religiously and trying to establish long-term trusting relationships with its clients. During this strategy upgrade conference, CICC launched “CICC Wealth Planning”, “CICC Wealth Management China Top 50 Private Account Service” and “CICC Global Family Office” which are close to advanced international market solutions. With leading professional standards, profound understanding of market policies and global visions, CICC provides life-long wealth planning for its clients, as well as asset allocation products and solutions.

Besides, CICC Wealth Management has been actively embracing the digital transformation and has made it step into the FinTech industry. Recently, CICC announced that the Company entered into a shareholders’ agreement with Tencent Digital (Shenzhen) Limited, an indirect wholly-owned subsidiary of Tencent Holdings Limited, pursuant to which the parties agreed to establish a technological joint venture. The technological joint venture is proposed to, through providing technological platform development and digitalized operational support services, facilitate the company’s wealth management, retail brokerage and other businesses to provide more convenient, intelligent and differentiated wealth management solutions, enhance the service efficiency of investment advisor, optimize precision marketing and strengthen compliance and risk control. The technological joint venture is expected to drive the accelerated transformation and scalable development of the Company’s wealth management business with digital and FinTech capabilities.

With sufficient experience in the Chinese market and always evaluating itself with global standards, CICC Wealth Management aims to build up a platform to satisfy its clients’ needs in their businesses, families and personal development comprehensively. By launching its official brand “CICC Wealth management”, imposing on its strategy upgrade and getting involved in the FinTech industry, CICC has implemented its best practices within the recent couple years to strengthen its wealth management service.

Looking into the Future

In the future, as the unified platform of CICC’s wealth management and retail brokerage business, CICC Wealth Management will continue to follow its core values of “Clients First”, “Integrity as Foundation” and “Chinese Roots and International Reach.” Adhering to our buy-side thinking and putting our clients’ interests as our priorities, we will keep on providing professional wealth management solutions to our clients under global standards and with the high quality resources from CICC’s investment banking, private equity, asset management, research and other business.

 

SOURCE China International Capital Corporation Limited

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IWFCIM & IBVM – championing efforts to incorporate sustainable business practices among entrepreneurs and promoting blockchain tech for supply chains

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Panelist for the segment Growing Local Industry Through Sustainable Fashion. From Left Ambika Sangaran, Managing Partner from Biji-biji, Dr Cordelia Mason, President from Yayasan UniKL Masrina Abdullah,Founder from Masrina Abdullah Empire Ventures Studio, Kristina Teow, President from Lean In Youth, Cris D Tran, Regional Head from Infinity Blockchain Ventures and Alejandro Kikuchi, Head International Growth, Wokana.

 

International Women’s Federation of Commerce and Industry Malaysia (IWFCIM) and Infinity Blockchain Ventures (IBV) has jointly organised the Blockchain and Fashion (BCF): Growing Local Industry Through Sustainable Fashion at the Black Box, Publika on October 15th, 2019 in conjunction with the Malaysia Fashion Week.

With the theme of Growing Local Industry Through Sustainable Fashion, BCF brings together iconic people from the sustainable fashion market and technology providers to showcase how blockchain’s transparency and traceability functions.

Dato’ Elaine Teh, President, IWFCIM, expressed her excitement on the opportunities available for entrepreneurs today: “The advent of technology enables companies to seamlessly integrate complex capabilities that can trace the whole journey of their products from farm to garment. That represents a whole new meaning to sustainability as consumers can now make smart choices on their purchases based on the information available.”

Biji-biji, one of the leading sustainable fashion players, showcased its product, the Merak Banner tote bag. Using the solution from WowTrace, it enables consumers to check and validate the origin of the product, what it is made of, when it is made — at every stage of the supply chain.

Malaysia’s leading technology visionary, Datuk Yasmin Mahmood, CEO, FutureReady Consulting Sdn Bhd says that, “The ABCD technology is embedded in our social fabric today. Specifically, with blockchain, we have arrived at an exciting time, where two-pronged goals are met. Firstly, we can have local industries and communities thrive as their artisan work, culture, heritage and rights can be protected. Secondly, it helps industries and SMEs immensely in integrating the Sustainable Development Goal as part of their strategic focus.”

“Sustainability is crucial in order to preserve the future. Through new technologies like blockchain, it can further enhance product traceability and can bring a whole new meaning to the term ethically sourced“, cite Cris D. Tran, Regional Head, Infinity Blockchain Ventures.

IBV has a full suite of blockchain solution offerings to support the local entrepreneurs by providing opportunities to learn more about blockchain technology. IBV believes that Malaysia has the potential of having successful blockchain technology implementations due to its diverse market and strong infrastructure. They are also currently working with local players to train more Malaysian blockchain developers to further support the growth of blockchain technology within the market.

 

SOURCE Infinity Blockchain Ventures

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Kakao’s Klaytn Welcomes 8 New Blockchain Application Partners

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Klaytn Welcomes 8 New Blockchain Partners

Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao, today announced that 8 new blockchain projects have joined Klaytn as service partners to further developments in bringing mass blockchain adoption globally.

Dedicated to building readily usable blockchain-powered services, Klaytn is partnering with promising blockchain projects in various industry domains with massive global user base. More than a dozen of its partners that earlier joined Klaytn have already launched blockchain services, while others are set to open until early next year.

Operated by Korea’s art promotion initiative ‘ARTWA Platform,’ ‘STARTnet’ is a social commerce-based art platform committed to fostering new artists and innovating the art industry. It seeks to create a transparent art market by equipping the artists with the right to protect their own artworks. It also provides friendly art services and curations that anybody can enjoy.

Developed by Korea’s big data-based social media platform ‘0.8L,’ ‘LITER’ will also be operated through Klaytn. By applying the blockchain-powered incentive mechanism to its over 600,000 existing global users, LITER will offer fair rewards for reviews of the products and services.

‘GoodMorning’ is a marketing and data distribution platform that adds commercial value and creates trust index to various information and social networks owned by individual users.

A blockchain-based logistics service, ‘Dkargo’ has also released its plan to collaborate with Klaytn. By incorporating new mobility services beyond the existing freight transport, Dkargo seeks to create an efficient network and expand the entire logistics industry.

Other notable industry partners include ‘LOON,’ the blockchain-based healthcare service focused on women’s physiological health; ‘Monopoly,’ the platform that provides investment information for collectibles market including art, wine, and jewelry; ‘Spl.yt,’ the decentralized e-commerce protocol for global inventory and affiliate marketing system across marketplaces; and, ‘TUNE Token,’ the smart contract design service for the U.S.-based award winning music platform ‘Cre8tor.app,’ which rewards all stakeholders in the creation and distribution of music while providing a transparent royalty system.

“Klaytn is partnering with successful firms that have developed and operated services accruing millions of users, and the collaboration will contribute to building a user-friendly blockchain service,” said Jason Han, the CEO of Ground X, heading the development and operation of Klaytn. He added, “Together with service partners, Klaytn will take the blockchain industry to the next level by focusing on creating meaningful real use-cases, which stands as the next key challenge in our industry.”

 

SOURCE Klaytn

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