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Alibaba Cloud Drives AI Enhancements Across Industries in Asia
- Customers from technology development, imaging, travel, beauty and healthcare are leveraging Alibaba Cloud’s infrastructure and AI solutions to transform industry experience whilst boosting efficiency
- “Cloud + AI” strategy accelerates external client revenue, achieving double-digit public cloud growth and triple-digit YoY growth in AI-related product revenue for the fifth consecutive quarter
HANGZHOU, CHINA – Media OutReach Newswire – 9 December 2024 – With the unstoppable market appetite for AI, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, continues to pioneer technology innovation across a diverse range of industries from technology development, imaging, travel to beauty and healthcare.
Leveraging a robust “Cloud + AI” development strategy, Alibaba Cloud has witnessed substantial growth in external client revenue. This includes double-digit increases in public cloud services and remarkable triple-digit growth in AI-related product revenue for the fifth consecutive quarter according to the latest September quarter earnings.
In 2024, organizations are reimagining their operations and customer engagement strategies using Alibaba Cloud’s cutting-edge cloud solutions. From the revamped AI infrastructure to proprietary Qwen LLM series and advanced AI analytics, these technologies and products have grown beyond just operational tools. They are the catalysts for a digital transformation, enhancing customer experiences and operational efficiencies across the Asian landscape.
Selina Yuan, President of International Business, Alibaba Cloud Intelligence, said, “We are thrilled to witness our robust cloud infrastructure and AI offerings empowering organizations across a diverse range of industries to further drive transformation in 2024 with our partners together. As the leading cloud service provider in Asia, we remain committed to helping our customers enhance their operations and deepen their connections with consumers, while collaborating with our ecosystem partners to unlock the full potential of AI and cloud technologies for businesses of all sizes.”
Supporting Innovation in Japanese-language LLMs
In Japan, Lightblue, a University of Tokyo startup that develops AI solutions such as image analysis and natural language processing with the aim of AI democratization, has utilized Alibaba Cloud’s Qwen to support the development of its Japanese-language LLMs.
By leveraging Alibaba Cloud’s advanced architecture and training capabilities, Lightblue has been able to enhance its offerings for East Asian languages, specifically Japanese. The company also employed other cloud solutions from Alibaba Cloud such as Elastic Compute Service, Server Load Balancer and Object Storage Service which provides efficient and secure cloud services.
This collaboration highlights Alibaba Cloud’s commitment to supporting technology startups in pursuing their innovative goals.
“Alibaba Cloud’s Qwen has proven to be the best publicly available option for supporting Japanese. By fine-tuning our LLM with Qwen, we significantly improved its accuracy. This collaboration elevates our AI solutions and advances our mission to democratize technology in East Asia,” said Shunichi Taniguchi, Director & Senior Researcher at Lightblue.
Revolutionizing image capture with great flexibility
In Malaysia, Pictureworks, a leading provider of innovative photography imaging solutions, has harnessed Alibaba Cloud’s extensive AI and cloud technologies to revolutionize the flexibility and quality of high-resolution image capture.
This collaboration has been successfully implemented at seven premier tourist attractions across Asia, with additional projects underway. Notably, by utilizing Alibaba Cloud’s robust and secure technologies, Pictureworks has produced over 150,000 photos at an award-winning theme park in Hong Kong.
Key solutions provided by Alibaba Cloud include its Platform for Artificial Intelligence (PAI), Function Compute, and Object Storage Services (OSS). PAI is designed to streamline the machine learning lifecycle, offering a fully managed service for deploying machine learning models, which enables Pictureworks to swiftly adjust AI models as needed within tight timelines.
Sharon Tse, CEO of Pictureworks, said, “Alibaba Cloud’s technology has fundamentally transformed how we capture images at Pictureworks. The flexibility it provides allows us to produce high-quality photographs without relying on traditional setups, like green screens. This innovation not only enhances the quality of our work but also enriches the customer experience by creating more authentic and dynamic photographic memories.”
Transforming Travel Experience with Significant Cost Reduction
Singapore’s Atlas, an innovative B2B travel technology provider, has leveraged Alibaba Cloud’s infrastructure and AI advancements to cater to a wide array of global travel sellers and low-cost airlines. By utilizing Alibaba Cloud’s LLM Qwen and Model Studio platform, Atlas has implemented a digital chatbot that offers 24/7 customer support, efficiently addressing partner inquiries related to booking processes and payment options.
Since partnering with Alibaba Cloud in 2021, Atlas has achieved a remarkable 45% reduction in operational costs. This collaboration has helped Atlas evolve from a startup in Singapore to a leading player in the industry, transforming the low-cost flight market with its cutting-edge travel platform.
“Alibaba Cloud has played a key role in Atlas’s rapid expansion by offering a scalable, secure infrastructure. We were drawn to Alibaba Cloud primarily for its developer-friendly user interface. Our collaboration has now extended to the field of AI, which has significantly enhanced efficiency and improved customers’ experience,” said Mary Li, Founder & CEO of Atlas.
Enhancing Customer Interactions in Skincare
Drunk Elephant, a renowned skincare brand acquired by Shiseido in 2019, deployed Alibaba Cloud’s latest foundation model Qwen-max in its new customer chatbot named DRUNKGPT to enhance customer interactions in China. This 24/7 AI-powered skincare assistant responds to inquiries about product recommendations and skincare tips with nuanced and personalized responses. The collaboration aims to deliver a richer brand experience through innovative digital engagement opportunities.
To improve the accuracy and relevance of its responses, DRUNKGPT was further trained on the brand’s knowledge database and optimized using various Alibaba Cloud AI services, including Supervised Fine-Tuning (SFT), Retrieval Augmented Generation (RAG), vector recall, and a multi-agent framework.
“Utilizing Alibaba Cloud’s advanced AI technologies allows us to create a more personalized and responsive experience for our customers,” said Andy Cai, Brand Director of Drunk Elephant China, “We are excited about the potential of DRUNKGPT to transform how consumers connect with our brand.”
AI Nutritionist with Personalized Tips
Haleon China, a prominent consumer health company, is utilizing Alibaba Cloud’s Large Language Model (LLM) Qwen, along with Retrieval-Augmented Generation (RAG) technology to launch a specialized AI nutrition assistant solution called iNutrition for its Chinese consumers. This AI-powered expert accurately interprets consumer inquiries, delivering valuable nutritional guidance. It results from the integration of Qwen’s robust capabilities and Haleon’s extensive internal nutritional knowledge base.
“By integrating Alibaba Cloud’s large model Qwen with Haleon’s years of accumulated internal knowledge base, we provide one-on-one services to consumers, offering nutritional and health advice that is more closely tailored to each consumer’s individual circumstances” said Bing Liu, Digital & Tech Head, Haleon Greater China.
Hashtag: #AlibabaCloud
The issuer is solely responsible for the content of this announcement.
About Alibaba Cloud
Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world’s leading public cloud IaaS service providers since 2018, according to IDC.
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SIBUR receives highest-category ESG rating from China’s largest rating agency
Regarding the criteria assessed by the rating, SIBUR’s performance easily exceeded the industry average. Notably, the agency gave the company a score of 95.76 out of 100 for environmental stewardship, while the average for other companies in the sector was 52.19. SIBUR also received a score of 80.73 for its work on occupational safety, compared with an average of 55.04 for other companies, and a score of 85.58 for its disclosure of decisions, while the industry average was 36.75.
The analytical report also noted SIBUR’s efforts to recognise, assess and reduce climate risks. Moreover, the authors of the report drew attention to the company’s sustainable development strategy, which, among other things, sets goals for reducing greenhouse gas emissions. The company’s efforts in the area of biodiversity conservation were also mentioned: SIBUR supports projects and initiatives aimed at species conservation, and its production sites are not located in areas of high biodiversity value.
“The Asia-Pacific countries are developing their expertise when it comes to sustainability and paying increasing attention to the sustainable development agenda every year. In this context, the assignment of an A rating to SIBUR by China’s largest rating agency is a very important result. It confirms that our practices are in compliance with best global practices and is an additional point of engagement for developing dialogue with partners in important markets for the company,” said Alexey Kozlov, SIBUR’s Managing Director and a member of the company’s Management Board.
“We place great value on our partnership with SIBUR and see immense potential in our collaboration with Russian clients,” says Dongyang Xue, President of CCXGF. “CCXGF is at the forefront of domestic green finance and ESG service provision in China. Our expertise positions us to significantly boost SIBUR’s international profile, particularly in the Chinese market. Through our ESG rating, we aim to enhance transparency and foster a deeper understanding of SIBUR among international stakeholders”.
Hashtag: #SIBUR
The issuer is solely responsible for the content of this announcement.
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ALCO HOLDINGS (00328) announce the launch of four strategic mechanisms to foster employee collaboration and enhance team cohesion.
Strategy 1: People-Oriented Management Philosophy
ALCO HOLDINGS has always upheld the management philosophy that “employees are the most valuable asset of the company,” recognizing that employees are not only the foundation of business operations but also the core driving force behind the company’s sustainable growth. To inspire employees’ potential and creativity, ALCO HOLDINGS offers a comprehensive benefits system and a conducive work environment. The company’s production facilities and headquarters are equipped with various amenities, including a reading room, basketball court, badminton court, table tennis room, billiards room, computer room, and medical center, all aimed at creating a healthy, comfortable, and vibrant working environment for employees.
This people-oriented management style not only enhances employee satisfaction but also ensures they gain a sense of achievement in their work. ALCO HOLDINGS’ management team consistently prioritizes the physical and mental well-being of its employees, offering regular training and seminars to improve their professional skills and strengthen their competitiveness and adaptability in the workplace. These initiatives reflect Aigo Group’s commitment to supporting employee growth and development, creating a sustainable career path for its workforce.
Strategy 2: A Wide Range of Employee Activities
ALCO HOLDINGS understands the importance of a strong team atmosphere and regularly organizes a variety of employee activities aimed at fostering interaction and communication among staff members. These events, such as the Mid-Autumn Festival Garden Party, Karaoke Competition, Christmas Party, Chess Tournament, Basketball Tournament, and Tug-of-War Contest, provide employees with opportunities to enrich their leisure time and encourage them to relax and unwind outside of work. Additionally, the company offers a range of interest-based classes, including dance, Tai Chi, taekwondo, table tennis, English, and Japanese, allowing employees to explore personal interests and further develop themselves beyond their professional responsibilities.
These diverse activities not only strengthen the friendships among employees but also cultivate a strong sense of teamwork. During these events, the spirit of collaboration and collective sharing is further reinforced, as employees engage in joint activities that foster mutual understanding and support. This, in turn, enhances their ability to work together more effectively and creatively when facing work challenges. Through these initiatives, ALCO HOLDINGS has created a positive, dynamic corporate atmosphere, significantly boosting employee enthusiasm and team cohesion.
Strategy 3: An Open and Inclusive Corporate Environment
At ALCO HOLDINGS, diversity and inclusivity are central to the company’s corporate culture. The company brings together elite talent from around the world, with a strong commitment to fostering an open and dynamic work environment. In this setting, employees are encouraged to share their ideas and insights and actively participate in decision-making and innovation processes. This inclusive culture allows every employee to freely express themselves, realize their personal value, and feel respected and valued within the organization.
This open atmosphere motivates employees to actively communicate and share knowledge in their daily work. Through cross-departmental collaboration and exchange, employees can better integrate resources and achieve superior results. At ALCO HOLDINGS, every employee is seen as an active contributor to the company’s culture, with the organization’s success stemming from the vitality and innovation of its diverse culture. Aigo firmly believes that only under the guidance of an inclusive and diverse culture can a company continuously innovate and maintain its competitiveness in an ever-changing market.
Strategy 4: Adherence to Honesty and Integrity
Honesty and integrity hold a central position in ALCO HOLDINGS’ business principles. The company emphasizes the importance of mutual respect and keeping commitments, advocating for doing things the right way. This core value not only motivates employees but also strengthens trust and reliance among them. When faced with challenges and making decisions, Aigo’s employees carefully consider the company’s values and the impact on colleagues and clients. This strong cultural atmosphere enables employees to collaborate with greater confidence in the face of work challenges, fostering a powerful sense of internal cohesion.
This trust and collaborative relationship serve as a key pillar for ALCO HOLDINGS’ continued innovation in the market. The culture of honesty and integrity also motivates employees to continually improve their professional skills, with self-discipline and a sense of responsibility forming the foundation of teamwork. These values are further reinforced through training and development programs. ALCO HOLDINGS’ core values not only shape the company’s external image but also deeply influence internal work practices, encouraging employees to grow together in a positive and empowering environment.
Corporate Culture Driving Sustainable Development
The management team at ALCO HOLDINGS stated that the launch of these four strategic mechanisms will further strengthen the company’s competitiveness within the industry while providing employees with a more harmonious work environment and greater opportunities for growth. Moving forward, ALCO HOLDINGS will continue to leverage its outstanding corporate culture to drive sustainable development, using innovation and teamwork as the foundation to achieve higher business objectives in the global market.
Hashtag: #ALCO
The issuer is solely responsible for the content of this announcement.
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VT Markets Innovates Trading at the Hong Kong Traders Fair
Showcasing its industry-leading innovations and services, the award-winning brokerage garnered significant attention for its unique market insights and forward-thinking solutions.
Knowledge is Power
VT Markets underscored its expertise in cryptocurrency markets with a keynote speech by guest analyst Eyad. He compared various tools for trading cryptocurrencies, introducing innovative options and strategies tailored for traders.
Eyad emphasised the advantages of trading cryptocurrencies via CFDs over traditional spot asset holding, highlighting lower entry barriers and significantly reduced transaction costs.
For example, trading one Bitcoin via CFDs on VT Markets costs just $14 per transaction, compared to $66 with other methods—a cost reduction of approximately 78%. Moreover, the brokerage offers leverage up to 333:1, enabling traders to control one Bitcoin (valued at $100,000) with as little as $300. For many, this was a masterclass on how the right trading tools can give traders a strategic edge from the start.
An Enhanced User Experience
VT Markets also took the opportunity during the expo to demonstrate its app’s copy trading system and a streamlined 3-minute account opening process. This, for many attendees, was a unique opportunity to experience hassle-free trading firsthand.
With VT Markets, traders can now access global markets with minimal time and effort. In just three minutes, they can open a live account and use the brokerage’s proprietary copy trading system to replicate strategies from top traders, enabling precise entry and efficient portfolio management.
In line with its philosophy, VT Markets aims to break down the barriers of time, technology, experience, and expertise through flexible solutions, intelligent tools, and advanced technical support. By lowering the thresholds to trading and boosting efficiency, the platform delivers an ever-fresh and innovative experience tailored to investors of all levels.
Organised by FINEXPO, Traders Fair is renowned as one of the world’s largest and most prestigious financial expos. It serves as a hub for industry leaders, investment experts, and top-tier companies, as well as a bridge connecting traders of all levels.
This year’s event attracted 16 globally recognised exhibitors and featured over 10 seminars covering trending topics such as forex, cryptocurrencies, and trading tools, offering fresh perspectives, investment strategies, and trading techniques.
Hashtag: #VTMarkets #CFDs #CFDsbrokers #crypto #bitcoin #LeverageTrading #TradersFair
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The issuer is solely responsible for the content of this announcement.
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