STORY: China's AI giant iFLYTEK, subsidiary to set up int'l HQ in Hong Kong
SHOOTING TIME: July 19, 2024
DATELINE: July 20, 2024
LENGTH: 00:01:10
LOCATION: HONG KONG, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of the signing ceremony
2. SOUNDBITE (Chinese): SUN DONG, Secretary for innovation, technology and industry of HKSAR government
3. various of the signing ceremony

STORYLINE:

China's artificial intelligence (AI) and intelligent speech giant iFLYTEK and its subsidiary iFLYHEALTH will set up their international headquarters in Hong Kong's flagship incubator Cyberport, and help with the formation of a local AI ecosystem.
   
"iFLYTEK and iFLYHEALTH plan to invest 400 million Hong Kong dollars (51.22 million U.S. dollars) in Hong Kong over the next five years to establish an international headquarters, an international business headquarters, an international R&D center, an international trade and capital management platform, as well as a 150-member team to drive R&D and overseas market expansion, with a view to establishing an AI ecosystem with tens of thousands of developers," Cyberport said in a press release on Friday.
   
Meanwhile, iFLYHEALTH will set up an international research institute at Cyberport focusing on cutting-edge technology research that integrates medical health and AI, the release said.
   
Addressing the signing ceremony, Sun Dong, secretary for innovation, technology and industry of the HKSAR government, said that the HKSAR government has always been a strong supporter of Hong Kong's innovation and technology development, in which AI and life and health technology are the government's focus on the development of technology industries with advantages.
   
SOUNDBITE (Chinese): SUN DONG, Secretary for innovation, technology and industry of HKSAR government
"AI is the HKSAR government's focus on the development of technology industries with advantages. Hong Kong has already gathered numerous leading enterprises at home and abroad, including iFLYTEK, SenseTime, Baidu, Cisco, as well as hundreds of excellent AI enterprises."
   
Simon Chan Sai-ming, chairman of Hong Kong Cyberport Management Company Limited, called the participation of iFLYTEK another milestone in Hong Kong's AI ecosystem, believing that this will further boost the innovation and R&D of Hong Kong's AI industry as well as the commercialization of relevant products and technologies, so as to attract AI investments from both home and abroad.

Xinhua News Agency correspondents reporting from Hong Kong, China.
(XHTV)