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Tuesday, 30 August 2016, 15:00 HKT/SGT

Source: Neo Telemedia Limited
Neo Telemedia Subsidiary Bluesea Mobile Partners with Jiangmen Municipal People's Government Jiangmen Innovation and Entrepreneurship Exhibition Center Opens
Captures Cloud Computing and Big Data Trends

HONG KONG, Aug 30, 2016 - (ACN Newswire) - Neo Telemedia Limited ("Neo Telemedia" or the "Company;" stock code: 8167, together with its subsidiaries, the "Group") announced today that the Jiangmen Innovation and Entrepreneurship Exhibition Center ("Exhibition Center"), an effort of the Jiangmen Municipal People's Government in partnership with the Group's wholly-owned subsidiary Guangdong Bluesea Mobile Development Company Limited ("Bluesea Mobile"), has commenced operation on 15 July 2016 to showcase the benefits of informatization powered by Big Data usage.

Big Data opens up new directions for industries and start-ups, as well as business models and presents new investment opportunities. Bluesea Mobile is a partner of the Jiangmen Municipal People's Government in the roll out of the Exhibition Center Project. It is a kick-off project to provide full-fledged assistance to the information industry of Jiangmen, using Big Data of government operations, and to become a model for centers of Innovation and Entrepreneurship in China. Employing business cloud and data integration technologies and through applying them innovatively, Zhuxishugu is going to build a Center of Innovation and Entrepreneurship in China*, a Center of Innovation and Entrepreneurship for Start-ups in China* as well as a City of Innovation and Entrepreneurship for Local and Overseas Chinese Start-ups*. The Exhibition Center is a milestone marking the kick-off of Zhuxishugu.

Using the Group's large-scale cloud computing centers in Southern China, Bluesea Mobile participated in the pre-investment stage as well as the design and construction of the Exhibition Center. Playing a crucial role in the Zhuxishugu Project, the Exhibition Center provides transparent, highly effective and convenient services to the public and also offers comprehensive assistance and integrated services including financial services to small enterprises.

The Exhibition Center has two floors. The first floor is home to the Xiaowei Shuangchuang Presentation Services Center* and the Jiangmen Citizen e-Government Experience Center* for serving members of the public and providing enhanced government services to small enterprises. On the second floor, there is the Entrepreneurship of Chinese Youth*, which offers integrated business and financial services, plus value-added services such as a coffee shop and showcase area, to industrial incubatees and small enterprises. The provision of such comprehensive services by Zhuxishugu will help to attract more professionals to join the technology industry and start their own businesses, which will in turn drive industrial upgrades and the sustainable growth of the economy.

*for identification purposes only

About Neo Telemedia Limited

Neo Telemedia Limited and its subsidiaries (collectively, the "Group") is a telecommunication group focusing on the Internet and big data sectors, subsequent to its recent corporate restructuring. The Group has been included as a constituent stock in MSCI China Small Cap Index since November 2015. Its wholly-owned subsidiary, Guangdong Bluesea Mobile Development Company Limited, has partnered with Shangdong Inspur Group to form a joint venture, Guangdong Bluesea Inspur Cloud Computing Company Limited to establish a large cloud computing centre in Southern China. In early 2015, the Group signed several agreements to explore various opportunities in WiFi access services, application of cloud computing and cross-border e-commerce business in the PRC. Additionally, to capture the opportunities arising in the Internet financing market in the PRC, the Group has officially launched its peer-to-peer (P2P) lending platform business under its subsidiary, Avatar Wealth in May 2015. The Group has also launched another P2P lending platform with Bees Financial. Shenzhou Aerospace Manufacturing Technology (Guangdong) Institute, which was jointly established by the Group, Shenzhou Aerospace Software Limited and Chancheng District People's Government of Foshan, was registered as a non-profit organization at the Department of Civil Affairs of Guangdong Province on 23 October 2015. At the end of 2015, the Group completed a public offer and raised approximately HK$1.1 billion to be invested in the data center of Guangdong Bluesea Mobile Development Co., Ltd., including the Zhuxishugu project in Jiangmen.

Strategic Financial Relations Limited
Joanne Lam    Tel: 852-2864 4816  Email:
Cecilia Shum  Tel: 852-2864 4890  Email:
Jeffrey Tam   Tel: 852-2864 4858  Email:
Fax: 852-2527 1196

Aug 30, 2016 15:00 HKT/SGT
Source: Neo Telemedia Limited

Topic: Press release summary
Sectors: Telecoms, Financial, Business
From the Asia Corporate News Network

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