Singapore and Chinese technology companies are strengthening business connections and exchanges of expertise at the Smart China Expo 2019 under the theme “Smart Technology: Empowering Economy, Enriching Life”. The Expo will run from 26 to 29 August in Chongqing to capitalise on the exciting opportunities in Asia’s digital economies.
The Singapore delegation, led by the Infocomm Media Development Authority (IMDA), number close to 70 companies, an increase of more than 50% from last year’s showing of 40 companies. The delegation this year includes new participating companies such as Singapore Telecommunications Ltd (Singtel) and SkyLab, as well as companies such as ST Engineering Electronics, veriTAG, Handshakes and Fooyo, who are returning to build on the success from their first trip in 2018.
Occupying 3,000 square metres, the Singapore Digital pavilion will feature 32 Singapore companies, of which 26 are new exhibitors. The pavilion will feature exhibits on fintech, urban solutions, artificial intelligence, data analytics, transport and logistics. Strengthening partnerships between Singapore and China’s digital ecosystems.
Thirteen memorandums of understanding (MOUs) were signed on the first day of the event, ranging from an augmented reality education system for pre-schools, to developing analytic solutions for smart manufacturing markets, and research collaboration on artificial intelligence. Singapore’s telecommunications companies, Singtel and StarHub also signed respective MOUs with the three leading communications service providers in China – China Mobile, China Unicom and China Telecom.
The MOUs will pave the way for improving data connectivity between the two cities, and position both Singapore and Chongqing as strategic hubs for enterprises to expand into the Asia Pacific region and western China respectively. Singtel will also provide its capabilities in cloud, Internet-of-Things (IoT) and smart city solutions to help enterprises accelerate their digitalisation. In addition, the Sino-Singapore ICM Joint Innovation Development Fund to support innovative ICM projects to promote joint partnership between Singapore and Chinese companies was officially launched.
RMB40 million will be available for innovative projects, to be jointly developed and implemented in Singapore or China, that may include research and development, and pilots to promote innovative technologies such as artificial intelligence (machine learning, deep learning etc), IoT, virtual reality and augmented reality, robotics, and blockchain technology.
As part of the Smart China Expo, IMDA and the Chongqing municipal government jointly hosted the inaugural “Future of Services” conference. Organised in partnership with Business China, the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Administration Bureau (CCIB), and the Chongqing Big Data Bureau, the conference will explore the important role that services will play in Singapore’s future economy.