ARPU levels will drop considerably over the forecast period. The total fixed communications services revenue in China is expected to decline at a compounded annual growth rate (CAGR) of 0.9 per cent from $US250bn in 2021 to $US239bn in 2026 due to drop in average revenue per user (ARPU) levels,…
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The firm foresees substantial economic benefits from its entry into the aerospace sector. Hong Kong Aerospace Technology Group, Ltd., a leading aerospace firm traded on the Hong Kong stock exchange announced that its wholly owned subsidiary Gang Hang Ke (Shenzhen) Space Technology (“SZ Gang Hang Ke”) has entered into a second satellite launch…
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Wong King Man, Assistant Government Chief Information Officer gave a speech on IoT in China. The Ministry of Industry and Information Technology of the People’s Republic of China just released the “14th Five-Year Plan for Information and Communication Industry Development” last month. Among them, five key tasks are proposed, including the…
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Tremendous gap between the demand and supply for talents in the data security industry. Digitalisation is leading China’s high economic growth as a new engine. And with the support of emerging technologies such as 5G, AI, cloud computing, IoT (Internet of Things), blockchain, and big data, China’s digital industry is…
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Digital cross-border trade trials completed. The Ministry of Communications and Information (MCI) and Infocomm Media Development Authority (IMDA) announced four new MOUs and early achievements of Phase 1 Projects from the Singapore-China (Shenzhen) Smart City Initiative (SCI). The meeting reaffirms Singapore and Shenzhen’s commitment to develop digital connectivity and test policy…
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Overall revenue of China’s IT security service market vendors in the first half of 2021 is US$1.11B. The scale of vendor revenue has doubled over the same period last year, with an increase of 110% and a year-on-year increase of 38% over 2019. China’s IT security service market has officially…
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It hasn’t won the race yet. Recent media outlets have stated that former US Air Force Chief Software Officer Nicolas Chaillan, has come out to say that China is “winning” the race in AI. According to media reports during his exit as the CSO of the US Air Force, Chaillan…
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KPMG report highlights institutions embrace digital transformation in the face of increased competition. Capital market reforms are presenting opportunities for Mainland China’s securities industry, with companies that embrace fintech and digitalisation best positioned for long-term growth, according to KPMG analysis. The 15th annual Mainland China Securities Survey analyses the industry…
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Cross border digital collaborations pave the way. Singapore and Chongqing businesses have signed an agreement to further cross border digital collaborations in a wide range of sectors, including manufacturing, trade and logistics, and healthcare. These agreements are built on the back of deepened bilateral relation between Chongqing and Singapore to…
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Shortage in cross-sector talents for AI and healthcare. Global recruitment group Hays recently released the 2021 report “The Inside Story of Technology in China“, which states that China is leading the global AI industry with over 60 per cent of big data experts currently working in China. With more emerging…
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