Hong Kong Financial Secretary Visits Xiao-i's Asia-Pacific Headquarters

The company is committed to supporting Hong Kong's digital transformation and smart city development,says Xiao-i's Chairman

HONG KONG,May 7,2019 -- The Financial Secretary of the Hong Kong Special Administrative Region Government Mr. Paul Chan Mo-po,GBM,GBS,MH,JP,yesterday visited the Asia-Pacific Headquarters of Shanghai Xiaoi Robot Technology Co. Ltd ("Xiao-i"or "the Company"),a leading developer of artificial intelligence (AI) technology and industry application platforms.

Mr. Max Yuan (right),Founder and Chairman of Shanghai Xiaoi Robot Technology Co. Ltd,shows the Financial Secretary of the Hong Kong Special Administrative RegionGovernment Mr. Paul Chan Mo-po,JP (left) the Company’s latest developments in the areas of finance,smart city and healthcare at Xiao-i’s Asia-Pacific headquarters in Hong Kong.

Mr. Paul Chan and Mr. Max Yuan,Xiao-i's Founder and Chairman,discussed Hong Kong's AI development and the application of the technology across sectors. The Financial Secretary also toured Xiao-i's AI+ Experience Center,where he was introduced to the Company's latest developments in the areas of finance,smart city and healthcare. Mr. Yuan urged the government to speed up Hong Kong's smart city and fintech development in order to create more opportunities for technology companies and talent in the public and private sectors.

Xiao-iis an industry leader in driving AI applications across verticals. It provides smart customer service solutions for more than 1,000 large enterprises and government organizations in mainland China using core technologies such as natural language processing,deep semantic interaction,image and voice recognition,big data and machine learning. In recent years,the Company has expanded its solutions to smart finance and has been actively participating in smart city development. It also plans to extend its AI solutions to the localized development of smart education in the future.

"Hong Kong has all the infrastructure in place for smart city development," said Mr. Yuan. "It has a highly-developed financial system and sound economic fundamentals,as well as a transparent city governance model. Strong policy backing from the government will provide further support in this respect. Over the years,we have amassed a lot of successful use cases and experiences in the course of applying our AI solutions to help businesses grow in mainland China. We are keen to replicate this success in Hong Kong by working with the government and companies here. We are confident that our AI solutions can help businesses in Hong Kong enhance their efficiency."

Xiao-iestablished a joint lab with The Hong Kong University of Science and Technology in March this year,with an emphasis on consolidating efforts from the industry,as well as from academic and research institutions,to advance machine learning and cognitive reasoning. The research findings will be applied in the Guangdong-Hong Kong-Macao Greater Bay Area and across the rest of Asia-Pacific,as well as in other global markets. Xiao-i also plans to invest more than RMB100 million to develop Cantonese natural language processing capabilities,multi-language conversational AI products,and other commercial solutions for international customers.

About Xiao-i

Shanghai Xiaoi Robot Technology Co. Ltd (Xiao-i) is a leading AI company that specializes in multilingual natural language processing,speech recognition,machine learning and other cognitive intelligence technologies. A pioneer in industrial AI applications,Xiao-i was established in Shanghai in 2001 and has developed into a market leader. The company currently serves over 1,000 large enterprises and government organizations and provides its open platform to more than 100,000 small and medium-sized enterprises and developers. Xiao-i has established R&D centers in Shanghai,Guiyang,Nanjing and Hong Kong. The company also launched its Asia-Pacific Headquarters in Hong Kong in 2018 to grow its international presence. Xiao-i's major investors include Alibaba Group,China Everbright and Haiyin Capital.

Official website: www.xiaoi.com/en/

Linkedin page: www.linkedin.com/company/xiaoi/

Business Collaboration and Media Enquiries

Please contact Ms. Tracy Law at tracy.law@xiaoi.com.

Photo - https://photos.prnasia.com/prnh/20190507/2458529-1