On December 3, the Capital Ecology Cooperation Forum of the 2024 China Telecom Digital Technology Ecology Conference was held in Guangzhou. Representatives from the government, China Telecom's professional companies in the field of war new, capital ecological partners, industrial chain, investment institutions, etc. gathered together to discuss the new paradigm of open cooperation and join hands to talk about the new future of the industry's development.
At the forum, China Telecom comprehensively introduced the company's past capital cooperation achievements and shared its future capital cooperation ideas and initiatives. As a next step, China Telecom will continue to increase capital cooperation in three areas, promote cooperation with capital, and promote win-win cooperation with openness: first, increase industrial investment, further expand the ecosystem, make full use of the advantages and capabilities of all parties, and jointly promote industrial upgrading and technological innovation. Secondly, we will actively promote the equity diversification reform of professional companies in key war new fields, introduce high-quality strategic investors, bring together the resources and strength of all parties, and jointly build strategic emerging industry leaders with core competitiveness, and share the fruits of development. Thirdly, we will improve the industry-investment synergy system, based on the three synergy modes of “jointly exploring markets, jointly building products, and jointly attacking scientific research”, and make full use of the five types of group-level synergy policies of “market, science and innovation, resources, capacity, and supply chain”, and establish a capital and investment system under the strong traction of the Group's four major synergy organizations, which will help us to build up the capital and investment system. Under the strong traction of the Group's four synergistic organizations, the Group has established an industry-investment synergistic mechanism driven by both capital and business, and linking the Group, provinces and localities at three levels, so as to build a new ecology of development with its capital partners.
The forum heavily released China Telecom 2024 major investment projects, including Guodun Quantum, Guoxin New Network, Glory, CITIC CITIC, Shanghai Kupas, Digital Xinjiang, Inner Mongolia Arithmetic 7 projects, with a total investment amount of more than 3 billion yuan.
In recent years, China Telecom has focused on new industries to vigorously carry out capital layout, promote industry-investment synergy, and promote high-level open cooperation with capital as a link. In terms of cooperation with universities and research institutes, the company has merged and acquired Chenan Technology and Guodun Quantum to promote the industrialization and application of key core technologies; in terms of cooperation with centralized state-owned enterprises, the company has completed the first round of financing for the introduction of Tianyi Cloud, and has set up joint ventures with partners such as China Electronics, SAIC, and China Eastern Airline in different fields to jointly promote the development of digital industry; in terms of cooperation with local governments, the company has set up joint ventures with many provinces and municipalities, including Guangdong, Shanghai, Xiong'an New Area, Xinjiang, Hainan, Shenzhen, Suzhou, and so on. In terms of local government cooperation, we have set up joint ventures with Guangdong, Shanghai, Xiong'an New Area, Xinjiang, Hainan, Shenzhen, Suzhou and other provinces, autonomous regions and municipalities to promote the synergistic development of the regional digital economy. In terms of international cooperation, we will set up an overseas industrial fund and strengthen international open cooperation with a focus on building the “Belt and Road” in high quality.
