SEPTEMBERASIA BUSINESS OUTLOOK9· Tencent Cloud opens AI tools to help businesses integrate AI· Supports domestic chips and participates in open-source projects· Offers cost-efficient AI computing via heterogeneous platform· FPT signs a record-breaking USD 256 million contract with a major Asian energy firm, marking its largest-ever deal for full-scale digital transformation services· A five-year engagement will deploy AI-powered engineers to deliver software, cloud, data, DevOps, and low-code solutions infused with Artificial Intelligence to drive operational excellence· The deal strengthens FPT's global footprint, following major contracts worth USD 225M in the U.S., USD 110M in Singapore, and USD 115M in Germany--underscoring its leadership in large-scale digital transformationNEWSROOMAs per individuals who are aware of the company, Jack Ma, Alibaba's co-founder, has returned to a more active position within Alibaba, his most direct role with the company since stepping down as chairman in 2019.Alibaba, the China tech giant and Ecommerce Company based in Hangzhou, has seen Ma retreat from public view since an antitrust investigation commenced in late 2020, which led to increased regulatory scrutiny of China's tech companies.According to reports, Ma has been consulted on major decisions facing Alibaba, and is believed to be recommending spending as much as 50 billion yuan (US$7 billion) on subsidies to compete with JD.com and Meituan.Ma is also seeking frequent updates on Alibaba's artificial intelligence strategy and the company's cloud business.As of July, Alibaba's share of the Chinese food delivery market was 43 percent, according to Goldman Sachs, while in contrast Meituan holds a market share of 47 percent. Alibaba also announced an increase of 26 percent in cloud revenue in August; however, its market cap is still less than half of its peak level. FPT, Vietnam's premier technology and IT service company, has signed a record USD 256 million deal with a high-profile Asian energy company to provide full-scale digital transformation services in the next five years. The strategic collaboration is the company's largest contract to date and solidifies its expanding global presence in Digital and Intelligent Transformation.As part of the collaboration, FPT will assign a team of dedicated AI-enpowered engineers to provide a holistic range of services such as software development, data engineering, cloud, DevOps, low-code, and mobile offerings infused with Artificial Intelligence for innovation, agility, and operational excellence."This is not just a commercial achievement--it's a recognition of the trust we've built over 20 years. Our client is leading the energy transition in Southeast Asia, and we're proud to co-create the digital future of energy with them." said Nguyen Van Khoa, CEO of FPT Corporation. The partnership also includes delivery management, change management, product development, testing, deployment, and continuous optimization--aligned with the client's stringent governance and technical standards.Khoa stated, "Our goal is to position Southeast Asia as a world innovation hub. This acquisition solidifies our long-term commitment to building talent, pushing AI forward, and delivering meaningful impact to industries."The partnership is the latest addition to FPT's recent success in securing global deals, including contracts of USD 225M in the US, USD 110M in Singapore, and USD 115M in Germany--demonstrating its strength in competing globally and its capabilities of heading large-scale digital transformation projects worldwide. JACK MA RETURNS TO ALIBABA, TARGETS CLOUD & AI DOMINANCEFPT SIGNS RECORD USD 256M DIGITAL DEAL IN ENERGY SECTOR
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