Tencent to set up finch lab in the Xiongan New Area
November 28, 2017 Category China News Round-up, Weekly
Tencent Holdings, Asia’s most valuable firm, is planning to set up a financial technology lab and digitize public medical services in the Xiongan New Area, as part of a broader push to gain a foothold in China’s latest economic zone, the Xiongan New Area, southeast of Beijing.
Xiongan will serve as an “innovation experimental platform” to build the so-called smart society, and is poised to become a role model for digital upgrading, said Tencent Chairman Pony Ma at a forum ahead of the signing ceremony with the local authorities of the zone, held in Shijiazhuang, Hebei province. “The digital economy will contribute to over 70% of China’s gross domestic product (GDP) growth this year,” Ma said. Under the agreement, the company would team up with six local hospitals to adopt artificial intelligence in disease diagnosis. Tencent will focus on computer vision and image recognition for medical diagnosis, combining algorithm models such as deep learning with medical data to assist doctors in accurate diagnosis and treatment. “Tencent is becoming a key enabler of AI for digital innovation as its strong cloud structure provides the essential building blocks for an array of AI works,” said Charlie Dai, Principal Analyst at consultancy Forrester.
Beijing has called for deeper integration between the real economy and advanced technologies, including internet, big data and AI, and has unveiled a three-step road map with the goal of making the country a global technology leader by 2050, the China Daily reports.
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