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GTCOM Signs a Strategic Cooperation Agreement with Shanghai Xinhua Distribution Group Co., Ltd.

NewsSource:GTCOMDate: 23 July 2020views:401

On the afternoon of July 23, 2020, Global Tone Communication Technology Co., Ltd. (GTCOM) signed a strategic cooperation agreement with Shanghai Xinhua Distribution Group Co., Ltd. Both parties will build a scientific and technological innovation R&D center with global influence on the basis of the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone, and conduct in-depth cooperation in such professional fields as scientific, technological and cultural innovation, machine translation, natural language processing, financial technology and research data analysis. Huang Zhijian, president and deputy secretary of the Leading Party Group of China Publishing Group Corporation, and Qiu Xin, secretary of the Party Committee and president of Shanghai United Media Group, together with other leaders, attended the signing ceremony. Eric Yu, the vice chairman of GTCOM, signed the agreement with Li Shuang, deputy secretary of the Party Committee and president of Shanghai Xinhua Distribution Group.

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GTCOM together with Shanghai Xinhua Distribution Group will build a Lin-gang scientific and technological innovation R&D center


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The leaders at the meeting witnessed the signing of the agreement


The Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone (Lin-gang Special Area) is a major strategic plan for China in its effort to further the mission of opening up. In order to promote the Lin-gang Special Area as a special economic zone with greater international market influence and competitiveness, the parties will build a Lin-gang scientific and technological innovation R&D center, to carry out in-depth research and transformation of such strategic forward-looking technologies as machine learning, natural language processing, speech recognition, data mining and distributed computing, so as to provide basic functional services in the field of big data and artificial intelligence for the Lin-gang Special Area.


Given the mission to accelerate the creation of a frontier industry cluster, develop new types of international trade and expand cross-border financial services together with the Lin-gang Special Area, the parties will further strengthen the cooperation related to global cross-border trade and technology exchange centers with the Lin-gang Special Area, and take cross-language big data as the hub to give full play to the role of global resource allocation, technology and financial innovation, so as to create more social and economic benefits.



The parties will also build an offshore data center and an offshore industry and economic data information platform in the Lin-gang Special Area so as to provide action measurement tools and industry trend guides for innovative creative entities, investment and financing institutions, and government organizations. They will jointly develop a big-data platform for global scientific and technological innovation to provide an intelligent database foundation for the intelligent discovery of scientific and technological innovation information, analysis and evaluation of scientific and technological innovation information, the introduction of scientific and technological innovation experts and talents, and the investment and transformation of scientific and technological achievements while delivering the means for technical innovation and data support in the construction of varied platforms.


Shanghai Xinhua Distribution Group is a subsidiary of Shanghai United Media Group. As a cultural enterprise that was piloted in the country's early restructuring, it has integrated internal and external resources using a variety of industry-finance integration business forms to create a "culture+" industrial brand with the "Xinhua" business card as the core. It has rich industry resources and advantages in sectors such as industrial parks, commercial real estate, finance, education, media management, publishing and art.


As a global leading fintech and research data analytical company, GTCOM has independently developed advanced system platforms covering machine translation, financial quantification and supervision, global technology discovery and evaluation, smart cultural tourism, smart medical treatment and industrial Internet. It has tremendous advantages with respect to technological R&D in the fields of machine translation, natural language processing, speech recognition, image recognition, semantic search and knowledge graphing.


Attendees at the signing ceremony include Pan Kaixiong, a member of the Leading Party Group and vice president of China Publishing Group; Huang Song, executive director/secretary of the Party Committee of China Translation Corporation and chairman of GTCOM; Cikey Wang, a board member and acting CEO of GTCOM; Chen Qiwei, deputy secretary of the Party Committee, general manager and vice president of Shanghai United Media Group; and Li Xiang, a member of the Party Committee and deputy general manager of Shanghai United Media Group, secretary of the Party Committee and chairman of Shanghai Xinhua Distribution Group.


The establishment of a comprehensive, strategic cooperative relationship between the parties is a great complementation and integration of the advantages of a "culture+" industrial brand and a cutting-edge enterprise devoted to the technologies of big data and artificial intelligence, which will effectively enhance the brand awareness and market competitiveness of the respective parties while empowering technological and cultural innovation, media publishing, financial technology, scientific and technological innovation and other endeavors.

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