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| Marriage of Strengths to Drive IDC Business Development |
HONG KONG, Sept 18, 2018 - (ACN Newswire) - Neo Telemedia Limited ("Neo Telemedia" or the "Group"; stock code: 8167), which focuses on internet and big data operations, has been active in forging partnerships in recent years, the latest being the strategic cooperation with 360 Enterprise Security Group ("360 Enterprise Security"). With a strategic cooperation agreement signed in May, the two companies have pushed forward at full steam the development of Internet Data Center ("IDC") and Internet-of-Things ("IoT") businesses, conducive to consolidating the Group's industry leadership.
The two strategic parties are determined to enhance their competitiveness in Big Data and cloud computing. 360 Enterprise Security is one of the world's largest internet security companies, boasting massive data storage capability, and data computing and development. The Group and 360 Enterprise Security have kicked off cooperation with local governments in Dongguan, Fujian, Guangzhou, Wuhan and Chongqing, and will expand the business scope and construct Big Data centers with the abundant valuable resources in the future. The Group is able to adopt 360's technologies and transform them into its own solutions and ultimately deliver business results.
With demand of Internet companies for IDC operation services growing rapidly and the deployment cycle shortening, demand for third party IDC operation service has also been on constant climb. That plus Internet companies turning more and more to AI computing to enhance user experience have presented opportunities to the IDC operation service market. Service providers are required to have strong operational capabilities and also a shrewd grasp of government policy direction while maintaining good relationship with business partners. The Group, through a subsidiary, manages and operates IDC with approximately 8,000 server cabinets in China and overseas. In particular, there are 5,000, 1,200, 800 and 1,000 cabinets respectively in Guangzhou, Shanghai, the Beijing-Tianjin-Hebei metropolitan region and Shenzhen. Such comprehensive strategic deployment of IDC has helped foster development of the Group's IDC business.
Moreover, the Group boasts extensive experience and outstanding operational capabilities, and support from its core management team with member shaving at least 14 years of industry experience on average. Since the beginning of the year with Dr. Gong Zhengjun, who is an expert in Big Data and IoT areas, joining the Group as Chief Scientist. Thus, the Group's ability to expand its business has strengthened notably. The Group is able to provide customized telecommunication solutions. The Group has also planned for its IoT industry cloud platform and telecommunication module to start commercial operation this year and is confident of seizing the opportunities in the industry.
The Group has also kept enhancing the core competitiveness of its products and exploring opportunities to cooperate with more up and downstream ancillary service providers. To date, the Group owns a total of 51 software copyrights and four technology patents. Those advantages have enabled the Group to stand out among its competitors in the market.
Looking ahead, the Group will continue to apply its strengths, seize opportunities, identify promising investment and cooperative endeavors, and quickly respond to needs of the developing industry and market so as to boost business growth. Leveraging the strong support from the government to the industry and at the concerted effort of its management and staff, the Group will be able to create new profit growth drivers and bring more fruitful returns to shareholders.
About Neo Telemedia Limited (stock code: 8167)
Neo Telemedia Limited and its subsidiaries (collectively, the "Group") is engaged in the investment and operation of Internet data centers (IDCs) and provision of Big Data and cloud computing services. Its wholly-owned subsidiary Guangdong Bluesea Mobile Development Company Limited and a large-scale telecommunications operator have together established a large cloud computing center in Southern China. And, 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 privately operated non-profit organization on 23 October 2015 with the Department of Civil Affairs of Guangdong Province. Since the end of 2015, the Group has invested in IDC projects (including the Bluesea Intelligence Valley in Heshan, Jiangmen) via Guangdong Bluesea.
For press enquiries
Strategic Financial Relations Limited
Esther Chan Tel: 852-2864 4825 Email: esther.chan@sprg.com.hk
Cecilia Shum Tel: 852-2864 4890 Email: cecilia.shum@sprg.com.hk
Website: http://www.sprg.com.hk
Topic: Press release summary
Source: Neo Telemedia Limited
Sectors: Media & Marketing, Daily Finance, Cloud & Enterprise, Daily News
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From the Asia Corporate News Network
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