Hong Kong, November 11, 2024 – China Film Group, a national and Beijing Zhongguancun high-tech enterprise and a leading generative artificial intelligence company, and iFlytek, a well-known and leading listed company in the mainland in intelligent voice and artificial intelligence in Asia Pacific, and its subsidiary iFlytek Medical, have been selected as key corporate partners of the Hong Kong Special Administrative Region Government. Cyberport expresses its sincere congratulations and fully supports them in expanding their artificial intelligence research and development in Cyberport and promoting the internationalization of their business. The latest (Policy Address) clearly states that Hong Kong will attract key companies with high growth potential from around the world, and it is expected that these companies will flourish in Hong Kong and inject new impetus into the development of Hong Kong's innovation and technology.
Dr. Zheng Songyan, CEO of Cyberport, stated: 'With the support of the national and SAR governments, Cyberport is committed to playing a key role as Hong Kong's 'super connector' and 'super value creator,' bringing in multiple key enterprises with research results, innovative talents, business investments, and other innovative resources to settle in Cyberport, creating quality jobs and training technology talents, driving Hong Kong's strategic emerging industries; at the same time, these enterprises use Cyberport as an international springboard to promote business internationalization and drive the development of Hong Kong's headquarters economy. Key enterprises China Film Year Year, iFlytek, and its subsidiary iFlytek Medical have settled in Cyberport, further adding strong technical support to the Cyberport artificial intelligence ecosystem with their leading capabilities in generative artificial intelligence, general and professional large model construction, promoting intelligent upgrades in a wide range of fields including local cultural creativity, digital entertainment, health care, smart education, and digital office. Cyberport will continue to strive to attract more leading technology enterprises, deepen Hong Kong's advantages in scientific research and development and industrial internationalization, and enhance Hong Kong's status as an international innovation and technology center.'
China Film Year Year (Beijing) Technology Co., Ltd. was established in 2011, focusing on technological innovation driven by digital technology, empowering cultural and creative content, supporting underlying data, and developing digital assets. It covers digital entertainment, digital education, data marketing, and generative artificial intelligence (AIGC) fields. It has been recognized as a national high-tech enterprise, a specialized and innovative small and medium-sized enterprise in Beijing, a top 100 digital economy enterprise in Beijing in 2023, and one of the first demonstration bases for cultural and technological integration in Beijing. It has led the formulation of several standards related to the 3D animation field. Based on its self-developed AIGC core technology underlying algorithm, combined with a massive amount of data assets of the same standard and the AIGC technology ecosystem matrix, it has developed more than 300 cutting-edge technologies and has won 15 national invention patents. Its main business includes the automatic generation of animation game content, digital entertainment, consumer-level metaverse, AIGC, digital human production line, Guochao IP (intellectual property) script development, production, and distribution, IP commercialization operation, and derivative product development through artificial intelligence technology and AIG-3D large model training. Currently, China Film Year Year has over 100 million sets of high-standard 3D data assets, providing a rich data training set for AIGC and large models, with its 3D animation business occupying 25% of the national market share.
Guo Yong, Chairman of China Film Year Year (Beijing) Technology Co., Ltd., stated: 'The settlement of China Film Year Year International Technology Co., Ltd. in Cyberport is an important milestone in the group's globalization strategy. As the group's global headquarters and core business, it focuses on the international expansion of animation IP, promoting overseas copyright sales and IP authorization cooperation for animated works, allowing more wonderful stories from China to go global. Meanwhile, we have set up an international R&D center in Cyberport, investing in the fusion innovation of artificial intelligence and digital content creation, launching the MetaEco digital content production platform, large-scale digital human technology, and AI-generated 3D models, creating new possibilities for digital entertainment and interactive experiences, improving the efficiency and quality of digital content creation in games, movies, advertising, and other fields, empowering Hong Kong's cultural tourism and IP, highlighting our contribution to the local industry in Hong Kong. China Film Year Year plans to invest HKD 50 million in Hong Kong to promote digital content production, animation IP expansion, AI product R&D, etc., demonstrating our confidence in the Hong Kong market. At the same time, we will initially form a core team of 10 to 12 people to support business development in a streamlined and efficient manner, promoting the globalization of the enterprise. Through the breakthroughs and innovations of China Film Year Year in generative AI technology, Hong Kong's culture and digital entertainment industry will continue to shine.'
Earlier, iFlytek and iFlytek Medical, which have already settled in Cyberport, are frontier enterprises in artificial intelligence. The iFlytek Spark 4.0 Turbo released in October 2024 has fully surpassed GPT-4 Turbo in seven core capabilities, with mathematics and coding capabilities exceeding GPT-4o, achieving nine firsts in 14 mainstream tests in both Chinese and English at home and abroad. At the same time, iFlytek has upgraded and released the iFlytek Spark Medical Large Model 2.0, significantly upgrading six core medical scene capabilities such as massive medical knowledge Q&A, medical complex language understanding, medical professional document generation, medical diagnosis and treatment recommendations, medical multi-turn interactions, and medical multimodal interactions, and continues to lead. As of October 2024, the iFlytek open platform has opened 759 AI products and capabilities, gathering over 7.67 million developer teams, with the number of overseas developers reaching 450,000, covering over 4.1 billion terminal devices, and continuously expanding the artificial intelligence industry ecosystem. iFlytek and iFlytek Medical plan to invest HKD 400 million in Hong Kong over the next five years to establish an international headquarters, including an international business headquarters, an international R&D center, and an international trade and fund management platform, forming a team of 150 people to promote R&D and expand overseas markets, gathering tens of thousands of developers to form an artificial intelligence ecosystem. Furthermore, iFlytek Medical will also focus on cutting-edge technology research that integrates healthcare and artificial intelligence at the international research institute established in Cyberport.
Dr. Tao Xiaodong, President of iFlytek Medical Technology Co., Ltd., stated: 'We thank the Hong Kong SAR government for the trust and support of the Key Enterprises Office for iFlytek and iFlytek Medical. During the process of iFlytek and iFlytek Medical landing in Hong Kong, multiple relevant departments, including the Innovation and Technology Commission, provided various assistance to the company's landing, allowing us to feel Hong Kong's position and determination to 'connect with national strategies and strengthen the eight centers.' iFlytek has always adhered to source technology innovation, achieving and maintaining international leadership in fields such as voice technology and general cognitive large models. iFlytek Medical has insisted on fully empowering medical services with artificial intelligence for the past eight years. This year, the Chief Executive's Policy Address emphasized 'promoting grassroots medical development' and 'enhancing public and private medical services.' The development strategy of iFlytek Medical is highly consistent with this policy agenda, giving us more confidence in future development in Hong Kong and achieving internationalization goals through Hong Kong. We will take the opportunity of landing in Cyberport to accelerate cooperation with the University of Hong Kong and hospitals, fully utilize Hong Kong's advantages as an international innovation and technology center, international financial center, and international trade center to solve the urgent needs in social development with the best practices of artificial intelligence, 'reforming together, developing together, benefiting people’s livelihoods, and building the future!'
As the digital technology flagship and artificial intelligence base of Hong Kong, Cyberport will launch Hong Kong's largest artificial intelligence supercomputing center within the year, enhancing Hong Kong's research capabilities in various industrial fields, and using this as a core to build a complete artificial intelligence ecosystem, covering computing power, models, model risk assessment, industry application support, governance, and ethical discussions. At the same time, Cyberport has introduced multiple leading artificial intelligence enterprises, gathering their R&D capabilities in chip development, large model construction, etc., combined with over 330 Cyberport enterprises focused on artificial intelligence, big data, and robotics, promoting artificial intelligence innovation and application, and driving the intelligent transformation of different industries with the empowerment of artificial intelligence. Additionally, Cyberport gathers Hong Kong's influential digital entertainment community, with about 170 digital entertainment startups and technology companies, innovative technologies covering a wide range of fields such as generative artificial intelligence, arts, film and television, sports, education, robotics, fashion, e-sports, etc., bringing innovations and breakthroughs in sensory experience in different fields.
Looking to the future, Cyberport will continue to leverage its unique advantages in gathering innovative resources from home and abroad, helping mainland enterprises settled in Hong Kong to promote product and service internationalization, while connecting and attracting overseas funds to enter the international market through Hong Kong, using new productive forces to drive the digital economy industry.
National leading enterprise in generative artificial intelligence China Film Year Year, and Asia-Pacific renowned and leading mainland intelligent voice and artificial intelligence listed enterprise iFlytek and its subsidiary iFlytek Medical have been selected as key enterprise partners by the Hong Kong Special Administrative Region government.
Dr. Zheng Songyan, CEO of Cyberport, stated: 'Cyberport is committed to playing a key role as Hong Kong's 'super connector' and 'super value creator,' bringing in multiple key enterprises with research results, innovative talents, business investments, and other innovative resources to settle in Cyberport, creating quality jobs and training technology talents, driving Hong Kong's strategic emerging industries. Key enterprises China Film Year Year, iFlytek, and its subsidiary iFlytek Medical have settled in Cyberport, further adding strong technical support to the Cyberport artificial intelligence ecosystem with their leading capabilities in generative artificial intelligence, general and professional large model construction.'
Guo Yong, Chairman of China Film Year Year (Beijing) Technology Co., Ltd., stated: 'The settlement of China Film Year Year International Technology Co., Ltd. in Cyberport is an important milestone in the group's globalization strategy. As the global headquarters and core of the group, it focuses on the international expansion of animation IP, promoting overseas copyright sales and IP authorization cooperation for animated works, allowing more wonderful stories from China to go global.'
Dr. Tao Xiaodong, CEO of iFlytek Medical Technology Co., Ltd., stated: 'iFlytek and iFlytek Medical have always adhered to source technology innovation, achieving and maintaining international leadership in fields such as voice technology and general cognitive large models. We will take the opportunity of landing in Cyberport to accelerate cooperation with the University of Hong Kong and hospitals, fully utilize Hong Kong's advantages as an international innovation and technology center, international financial center, and international trade center to solve the urgent needs in social development with the best practices of artificial intelligence.'
For media inquiries, please contact:
Cyberport
Name: Feng Qianwen
Phone: (852) 3166 3841
Email: cindyfung@cyberport.hk
World Union Consultant
Name: Pan Noxie
Phone: (852) 2114 4976
Email: stephanie.poon@a-world.com.hk
About Cyberport
Cyberport, as Hong Kong's digital technology flagship and entrepreneurial incubation base, gathers more than 2,100 community enterprises, including over 900 resident enterprises and more than 1,200 non-resident startups and technology companies, managed by Hong Kong Cyberport Management Company, which is wholly owned by the Hong Kong Special Administrative Region government. The vision of Cyberport is to inject new momentum into the digital economy and smart city development with innovative technology, leading enterprises to connect domestic and international markets. Cyberport is committed to creating a thriving innovation and technology ecosystem by nurturing innovative technology talents, encouraging young people to start businesses, and supporting startups; promoting the development of the technology industry through collaboration with local, mainland, and international strategic partners; and accelerating the adoption of digital technology by public and private institutions to implement digital transformation, driving the integration of the new economy and traditional economy.
For more details, please visit www.cyberport.hk.
