FF News Logo
Wednesday, September 17, 2025
Sibos | FFNews

Breaking News

Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Saudi Central Bank Launches Google Pay Service Through Mada Network Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments JPMorganChase and Plaid Announce an Extension to their Data Access Agreement for Sharing of Consumer Permissioned Data Enhancements to Ecommpay Subscriptions Service Help Address Failed Recurring Payments HSBC Deploys Wealth Intelligence for Its Wealth Management Staff to Enhance Client Experience

XCMG-Cloud Being Built

XCMG announced on May 7 that it will partner with Aliyun, the cloud computing service provider of Alibaba Group Holding Limited, to build the XCMG-Cloud, a highly inclusive industrial cloud platform based on XCMG’s complete data and information systems in the Industry 4.0 revolution. The XCMG-Cloud will be used to share massive data and support further global convergence.

The internet way of thinking can break down barriers between individuals, companies, industries and countries, and coordinate more resources to establish an ‘ecosystem’ that benefits everyone along the sustainable development path,” said Wang Min, chairman and president of XCMG. “It’s XCMG’s responsibility to take the first step.”

XCMG launched integral projects in 2009 to upgrade the company’s information system, linking research and development, production and supply chain as well as gathering 150 terabytes of industrial big data.

The system has now been applied to multiple areas such as intelligent manufacturing, remote diagnosis and after-sales service, and will become the solid foundation to support building the preliminary basic cloud platform of XCMG-Cloud.

XCMG will then construct a sharing service center together with Aliyun, which will include divisions for user, algorithm, trade, assessment and logistics to achieve modular development and management. All groups on the industrial chain will be able to take advantage of the open applications brought by XCMG-Cloud including cloud, e-commerce, intelligent supply chain, intelligent factory and social service.

Cloud computing has greater market potential in China,” commented Jin Jie, general manager of Aliyun Nanjing branch. “It takes time for enterprises to understand and accept new technology, but XCMG share our ideas and goals of forging China’s Predix platform.”

With XCMG-Cloud, XCMG is establishing a new model for future development of the manufacturing industry that merges internet technologies and a platform-based company, revolutionizing the traditional product and market models that rely heavily on core technologies.

By creating an unprecedented cloud computing platform in Chinese industrialized application and forming the first innovative cloud ‘ecosystem’, XCMG will lead the transition and upgrading of China’s manufacturing enterprises,” remarked Wang.

  1. Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
  2. WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance Read more
  3. AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Read more
  4. Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering Read more
  5. United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Read more
Sibos | FFNews