KOTRA, Tencent and Other Leading Chinese Companies Hold 'Digital Transformation' Forum

'Mobile Vision' Forum in Shenzhen, China on the 12th
Tencent, Vivo, BYD, TCL and Others Participate in Large Numbers

Exterior view of Tencent headquarters in China.

[Asia Economy Reporter Jin-ho Kim] KOTRA announced that on the 12th, it will hold the 'Mobile Vision in Shenzhen' forum in Shenzhen, Guangdong Province, China, together with Tencent, the largest IT convergence company in China, and Vivo, the No.1 smartphone company in China. This is a preview event of 'Global Mobile Vision 2022.'

Global Mobile Vision is the largest ICT-specialized export platform in Korea, held annually since 2008. This year, in celebration of KOTRA's 60th anniversary, it is scheduled to take place over two days starting from the 17th. Prior to that, this forum held in Shenzhen, the mecca of China's IT industry, is expected to contribute to fostering the atmosphere for the 30th anniversary of Korea-China diplomatic relations.

Aligned with the forum theme, 'Discovering Business Opportunities in the Global Digital Transformation (DX) Trend,' speakers will share insights by sector both online and offline with participants from IT companies of both countries, focusing on key issues such as 'Advancing Korea-China ICT and Mobile Business Cooperation in the DX Era.'

From the Chinese side, a representative from Tencent, China's largest IT company, will speak. Tencent operates 'WeChat,' the national messenger with 1.26 billion monthly users. It is also the world's No.1 gaming company and the top company by market capitalization in China (approximately 1,100 trillion KRW / ranked 10th globally). Tencent will present on 'Cases and Trends of Industry-specific DX Promotion in China Using Cloud and Areas of Cooperation Desired with Korea.'

Following the forum, at the Global Mobile Vision consultation meeting, six leading Chinese IT companies will participate for in-depth consultations with Korean companies, including Tencent; Vivo and Oppo, the No.1 and No.2 smartphone companies in China; BYD, the No.1 electric vehicle company in China and No.3 worldwide; ZTE, the No.2 Chinese and No.4 global 5G telecommunications equipment company; and TCL, a leading video device company and one of the world's top three TV manufacturers.

A Tencent representative stated, “Korea is an IT-leading country that commercialized 5G first in the world, and there are many areas for cooperation with China, which is accelerating digital transformation with big data, 5G, and AI.” They added, “We hope to partner with Korean companies in cloud, metaverse, and XR (AR/VR) technology sectors.”

Jung Wooyoung, Head of KOTRA’s Innovation Growth Division, said, “China is significantly increasing infrastructure investments such as data, networks, and artificial intelligence at the national level. We hope this event, which gathers global IT companies leading China’s digital transformation, will become a new opportunity for our companies to enter the Chinese market.”

This content was produced with the assistance of AI translation services.