Company News

Shandong Expressway Group: East-West-West mutual assistance, smooth global context

Shandong Expressway Group actively responded to the "Belt and Road" initiative, vigorously implemented the "going out" strategy, and developed rapidly in international business. Since the establishment of the international cooperation company in 1984, it has been 41 years of development. Shandong Road and Bridge Group won 315 projects in overseas markets, with a total amount of 64.7 billion yuan, and its footprints are spread across more than 30 countries. Shandong Expressway Group has been selected as the US ENR list of "The World's 250 Largest International Contractors" for seven consecutive years, ranking 51st in the world in 2025. The group's overseas business has become an important growth pole for the high-quality development of the enterprise.

China Merchants Bank International: Tencent Cloud, a subsidiary of Tencent Holdings (00700), clearly defines the strategic direction of building two major engines: intelligence and globalization

Zhitong Finance APP learned that China Merchants Bank International released a research report saying that at the 2025 Tencent Global Digital Ecology Conference, Tencent Cloud, a subsidiary of Tencent Holdings (00700), clearly defined the strategic direction of building two major engines: intelligence and globalization. Looking ahead to the medium and long term, the bank is optimistic that demand for AI products and overseas business demand will become an important driving force for Tencent Cloud's revenue growth. Therefore, the "buy" rating and target price of HK$705 are maintained. In terms of intelligence, Tencent Cloud will focus on accelerating the implementation of AI applications and its layout of intelligent bodies; globalization will strengthen global business layout, which will upgrade the internationalization strategy at the infrastructure level, technical level and service level. At the same time, Tencent Cloud has recently released the Hunyuan 3D 3.0 model. The bank believes that, combined with AI capabilities, Tencent Cloud has launched a new AI game experience in its core games. In addition to the gaming field, value can be created in supporting the intelligent manufacturing and content industries.

ITC releases 337 final ruling on electronic vaping liquor atomizer, its components and downstream products

On September 17, the US International Trade Commission (ITC) issued an announcement stating that it would make a final ruling of 337 parts on specific electronic vape liquor atomizers and their components and downstream products: the final initial ruling (FID) sent back to the retrial will be reviewed, confirm that the applicant meets the economic elements of domestic status in the United States, and ask stakeholders to submit written materials on the public interests and recommended remedies involved, no later than October 1, 2025.

Helping industrial energy intelligence, Tencent Cai Yi: Scenario implementation and ecological coordination are the core

AI technology plays an important role in the digital transformation of the industrial energy industry. Tencent Cloud cooperates with many companies to improve efficiency and reduce costs through AI applications. Tencent Cloud Vice President Cai Yi stressed that AI should go deep into specific scenarios and promote business changes. Anhui Heli, Yugu Technology and other companies use Tencent Cloud AI technology to improve material handling, charging and swapping operation efficiency. AI covers all business cycles in the wind power field, reducing quality losses by more than 30 million per year. Experts suggest that enterprises of different sizes should choose the AI ​​layout method based on their own situations and solve the AI ​​implementation problems through differentiated layout and resources.

From "Lank Book" to "Center": Beijing Metro's Digital Answer Paper

Beijing Metro won the "2025 Digital Intelligence Pioneer Award" for its exploration and practice in the field of digitalization. Through cooperation with UFIDA, Beijing Metro has achieved financial intelligence, improved data accuracy and decision-making efficiency, reduced manual dependence and reduced risks. This move not only improves its own operational efficiency, but also provides replicable digital experience for the urban rail transit industry, promoting the industry's transformation to data-driven. In the future, Beijing Metro will continue to deepen digital and intelligent applications, explore the quantification of data value, and contribute to the development of the industry.

Industry News

Weekly Report on Digital Industry of Central State-owned Enterprises (09.10 - 09.17): Baidu China Merchants Strategic Cooperation

Baidu rose more than 3%, and signed a strategic cooperation agreement with China Merchants; Google plans to invest 5 billion pounds to help the development of UK AI; China Mobile and China Logistics jointly build a "AI Warehousing and Dispatch" system; KPMG discusses network security and data compliance; Shanxi Provincial Government and Sinopharm Group plan the entire pharmaceutical industry chain; the United States plans to restrict AI chip exports, China Mobile deepens its cooperation layout; the State Data Bureau promotes market-oriented reform of data elements; state-owned enterprises in Hubei Province explore the provincial-local co-construction model.

Cybersecurity Promotion Week | Each unit implements precise policies to promote the advancement of overall network security level

During the National Cybersecurity Promotion Week, all units of the group company strengthen network security protection and improve overall network security capabilities through technical and management measures. Sihe Mine has successfully built a modern network security protection system, focusing on prevention and control of terminal security, and strengthening the protection of key information infrastructure. Chengzhuang Mine has built a multi-dimensional protection system, clarified responsibilities, and strengthened technical protection. Zhaozhuang Coal Industry has deepened the construction of the network security system, implemented terminal security management, and strengthened emergency drills. Well No. 2 of Zhaozhuang strengthens password security and is equipped with a professional industrial ring network firewall. Jinju Coal and Electric Chemical Company has built a systematic network security protection system, strengthened data compliance governance, and carried out regular security training.

Just now, the -R1 paper was posted on the cover, corresponding author Liang Wenfeng

The latest issue cover reports the study of -R1, which reasons through reinforcement learning training models without the need for a large amount of manual input. -R1 is the first large language model to pass peer review by mainstream journals, and its open model has been praised. Through innovative design and training methods, the research team made the model perform well in reasoning tasks and improved its performance on programming and scientific issues.

Enterprise Service Industry Daily (09.17): ZTE AI breakthrough

ZTE ranked second in the "Top 100 Innovations of Large Enterprises in China in 2025", achieving the transformation from a communications equipment supplier to a "connection computing power" technology company. In the first half of 2025, revenue increased by 14.5% year-on-year, AI computing power infrastructure achieved a breakthrough, and overseas market revenue increased by 7.8% year-on-year. The Siemens platform helps the digital transformation of small and medium-sized enterprises. The China Cyberspace Security Association has released the "Initiative for the Protection of Smart Toys Personal Information". The smart factory project of Sotong Development Co., Ltd. was selected as a national outstanding smart factory. Zhejiang Province's "Hongqi New Job Calculation and Commitment Zhejiang Business" event released innovative achievements in Hongmeng and AI fields. China Electronics attaches importance to the cultivation of specialized and new enterprises, and a group of "little giant" enterprises have emerged. Received US$35 million in Series B financing to build an AEO platform. HK Company launches a new civilian rifle. The United States and China reached a framework agreement. The Yilianzhong Data Center team is committed to data security in the field of people's livelihood.

Data Elements Industry Weekly Report (09.10 - 09.17): Beijing Data Group's registered capital increased by 6 billion

Beijing Data Group was officially established, with its registered capital increased to 6 billion yuan, covering data infrastructure construction, data resource development and utilization and other businesses. Suzhou held an artificial intelligence industry innovation conference, issued an action plan, and promoted industrial innovation and upgrading. West China Hospital has built an intelligent management platform for specialized medical alliances to improve the quality of medical services. The National Data Administration promotes the market-oriented reform of data elements, and multiple data infrastructure projects have received support.

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