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Beijing E-Town Builds an Internationally Leading Demonstration City for Embodied Intelligent Robot Industry

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BEIJING, CHINA – Media OutReach Newswire – 28 August 2024 – As a pioneer in high-quality development for the new era, Beijing E-Town (BDA) is seizing the opportunity to lead the development of the embodied intelligent robot industry. The plan is to build a domestically leading and internationally first-class demonstration city for the embodied intelligent robot industry in two steps.

“By the end of 2026, we aim to achieve full coverage of over ten interactive service application scenarios, attract more than 100 innovative enterprises, gather over 1,000 high-end talents, and reach a mass production capacity of 10,000 embodied intelligent robots. By 2030, we plan to create an embodied intelligent robot innovation ecosystem characterized by ‘full-chain layout, full-stack autonomy, and comprehensive empowerment,’ establishing Beijing as a strategic base, a technological origin, an application demonstration, and a main industrial hub for embodied intelligent robots in China,” stated Kong Lei, Deputy Secretary of the Party Working Committee and Director of the Administrative Committee of the Beijing Economic-Technological Development Area (BDA), during the main forum on “Industrial Development” at the World Robot Conference 2024 (WRC 2024) on August 22.

To achieve the development goals of the demonstration city, Beijing E-Town will implement the “Five Priorities” plan. In terms of advancing key technologies, Beijing E-Town will focus on critical areas such as the “brain,” “cerebellum,” and “limbs” of embodied intelligent robots. It will support key enterprises in strengthening collaborative research on disruptive and leading technologies, accelerate the construction of an innovative industrial technology system, and seize the high ground in embodied intelligent robot technology.

To this end, Beijing E-Town will create an internationally competitive embodied intelligent “brain,” supporting robot companies in collaboration with AI enterprises to conduct research on key technologies of general-purpose large models in the field of embodied intelligent robots. It aims to develop an AI-based general-purpose model that integrates perception, decision-making, and control, achieving internationally advanced levels in task decomposition, execution task quantity, parameter quantity, and robot task capabilities.

Simultaneously, it will develop a globally leading motion control “cerebellum,” accelerate the development of full-body dynamics control algorithms for embodied intelligent robots, continuously improve the control accuracy of high-dynamic walking, and focus on breakthroughs in key technologies such as dynamic arm grasping, agile operations, and full-body coordinated motion control. Furthermore, it will expedite breakthroughs in integrated hardware-software visual technology.

Additionally, the initiative will deepen the systematic layout of critical “machine limbs,” engage in specialized R&D on high-strength, high-integration bodies, lightweight skeletons, high-precision sensors, and more to achieve internationally leading performance parameters. It will focus on critical components like high-performance dedicated chips, servo motors, and reducers to accelerate core technology breakthroughs, continuously improve the technical innovation system, build an efficient collaborative joint research mechanism, and encourage leading enterprises to form innovative consortia, leading upstream and downstream institutions in collaborative research.

Regarding core product advancements, Beijing E-Town will prioritize key products such as whole machines, core components, and software systems, accelerating the industrialization breakthrough of several essential foundational products, and constructing a three-dimensional product matrix of “whole-zero coordination” and “software-hardware integration.” In April this year, the general-purpose humanoid robot platform “Tiangong” was launched in Beijing E-Town, achieving the world’s first humanoid running with a full-sized pure electric humanoid robot.

Continuing to lead the industry, Beijing E-Town aims to develop high-performance whole machine products, establish the world’s first general-purpose embodied intelligent robot “hardware mother platform” and the first multi-capability embodied intelligent “software mother platform.” It will focus on typical fields such as 3C electronics manufacturing and new energy vehicle production, encouraging leading enterprises to develop low-cost interactive, high-precision, and high-reliability embodied intelligent robot whole machine products for extreme environments.

Moreover, it will guide enterprises in focusing on key components such as dedicated sensors, high power density actuators, controllers, and dedicated chips. Additionally, leveraging the leading role of the innovation highland in the information technology application innovation industry, it will develop a specialized operating system for embodied intelligent robots, and expedite the industrialization breakthrough of several essential foundational products.

From innovative achievements to practical implementation, application scenarios have always been a strong suit of Beijing E-Town. At the Xiaomi automobile factory, over 700 robots serve on the production line, and the country’s first certified AI catering robot has been deployed on the streets; the waterjet surgical robot won the 2024 World Intellectual Property Organization Global Award… “Robotics+” has become the norm here.

Moving forward, Beijing E-Town will advance the “first in application scenarios” strategy, leveraging its strong manufacturing base and diverse industrial application scenarios. It will explore the establishment of a composite layout for embodied intelligent robot applications in urban and industrial settings, take the lead in opening a batch of innovative application scenarios, continuously promote the matching of supply and demand in these scenarios, create a permanent robot exhibition hall, and build a city-level engineering test field. By increasing incentives for first-time applications and solutions, Beijing E-Town aims to provide strong support for the rapid deployment of “embodied intelligent robot+” application scenarios.

The area will precisely identify the needs of various fields such as manufacturing, livelihood, special equipment, and more, conducting application demonstrations in “embodied intelligent robots + industry,” “embodied intelligent robots + elderly care,” “embodied intelligent robots + emergency response,” “embodied intelligent robots + education and entertainment,” and “embodied intelligent robots + specialized fields.”

In terms of “leading” in the corporate hierarchy, Beijing E-Town will focus on nurturing leading enterprises in the embodied intelligent robot industry, supporting a group of companies that play a leading role in the embodied intelligent robot industry chain. It will gather leading enterprises with core technologies and independent intellectual property rights and cultivate innovative small and medium-sized enterprises (SMEs), promoting the integrated development of large, medium, and small enterprises and fostering the growth of embodied intelligent robot companies.

Beijing E-Town will also implement an “industry ecosystem pioneering” plan, closely aligning with the entire development needs of the industry chain, enhancing data, platforms, services, and capital resources, and continuously creating an environment that attracts talent from near and far. The goal is to build the largest and most information-dense open-source embodied intelligent dataset in the industry, a phased open-source sharing model, and a “rainforest-style” full-industry-chain ecosystem for embodied intelligent robots characterized by “resource coordination, element aggregation, and innovative collaboration.”

Kong Lei explained that, as the permanent venue for the World Robot Conference, Beijing E-Town has established the “Five Ones” working mechanism: “one park, a batch of platforms, one center, one fund, and a group of talents,” to accelerate the construction of a national hub for the robotics industry.

At last year’s World Robot Conference, Beijing E-Town released a three-year action plan for high-quality development of the robotics industry. Guided by this plan, Beijing E-Town has accelerated the aggregation of innovative elements, significantly improved innovation capabilities, fully released innovative vitality, and continuously strengthened innovation entities.

To date, it has more than 100 robot ecosystem enterprises, over half of which are specialized and innovative enterprises, with a total output value of nearly 10 billion yuan, accounting for 50% of the city’s robotics industry. It has achieved independent control over key components such as precision reducers and high-performance servo starters and made innovative breakthroughs in products like specialized intelligent drilling machines.

Particularly in the embodied intelligent robot industry, Beijing E-Town has focused on building high-energy innovation platforms represented by the Beijing Embodied Intelligence Robot Innovation Center and has established leading companies such as UBTECH, along with key component companies like Chietcom, Tsino-Dynatron, and Lingzu Times, essentially forming a complete embodied intelligent robot industry chain that covers core components, main bodies, and applications.

Kong Lei stated that as the main hub for high-end industries in Beijing, Beijing E-Town has established the “44637” development framework, which includes four national strategies as its guidance (focused on building a national highland for the integrated circuit industry, continuously creating the world’s first high-level autonomous driving demonstration zone, constructing a high-quality national information technology application innovation base, and establishing the country’s first data infrastructure pilot zone at a high standard). It also consolidates and strengthens four leading industries (new-generation information technology, new energy and intelligent connected vehicles, biotechnology and big health, robotics and intelligent manufacturing), comprehensively deploys six future industries (future information, future health, future manufacturing, future energy, future materials, and future space), enhances three integration empowerments (digital-physical integration, industrial-financial integration, and cultural-scientific integration), and builds seven support systems (industrial organization, innovation cultivation, resource guarantee, talent services, open collaboration, urban vitality, and party leadership).

Moving forward, Beijing E-Town will consistently adhere to the principle that “what the country needs is what E-Town will do, what enterprises need is what E-Town will facilitate, and what talent needs is what E-Town will provide.” With a more open stance, more precise policies, more efficient services, higher-quality ecosystems, and a more sustainable environment, Beijing E-Town aims to provide comprehensive, full-process, and all-element support for talent investment, business development, and enterprise innovation.

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African Development Bank Partners with Interpol to Combat Financial Crime and Strengthen Anti-Corruption Efforts in Africa

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According to Interpol’s 2024 Global Financial Fraud Assessment, business email compromise, romance baiting, phishing, and other online frauds pose growing threats to Africa’s digitalized economy

ABIDJAN, Ivory Coast, February 21, 2025/APO Group/ –The African Development Bank Group (www.AfDB.org) has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the International Criminal Police Organization (Interpol) today. The Bank Group is the first multilateral development bank to establish such a collaboration with Interpol.

The Letter of Intent was signed on Wednesday by African Development Bank Group President Dr. Akinwumi Adesina and Interpol Secretary General Valdecy Urquiza, who visited the Bank’s headquarters in Abidjan.

The partnership will enhance collaboration between the Bank’s Office of Integrity and Anti-Corruption (https://apo-opa.co/3QrB4ku) and Interpol’s Financial Crime and Anti-Corruption Centre. It will focus on sharing expertise, enhancing investigative capabilities, and developing preventive measures against emerging financial crime threats, including cybercrime, anti-corruption measures, and counter-terrorism financing.

This initiative comes as Africa faces significant challenges of illicit financial flows, estimated at nearly $90 billion annually—a loss of resources that could otherwise be invested in critical development needs including water, sanitation, health, food, and energy infrastructure.

As an institution that deploys approximately $10 billion annually in development financing, with the majority going to government projects, the African Development Bank Group brings crucial insight into regional financial flows and development challenges, Adesina said.

Corruption and financial crime are among the biggest obstacles to economic and social development in Africa and around the world

“This partnership demonstrates our commitment to protecting development resources and ensuring they reach their intended beneficiaries,” said Adesina. “As the world’s most transparent financial institution for two consecutive editions (https://apo-opa.co/41o3TVt) [according to Publish What You Fund’s assessment of sovereign portfolios], we maintain zero tolerance for corruption and terrorism financing. By joining forces with Interpol, we are strengthening our capacity to help African countries build robust systems against money laundering and financial crime.”

Rapid advancements in digital technology have also led to an increase in internet-enabled financial crimes. According to Interpol’s 2024 Global Financial Fraud Assessment, business email compromise, romance baiting, phishing, and other online frauds pose growing threats to Africa’s digitalized economy.

Secretary General Urquiza, who was elected to his position in November 2024, said, “Corruption and financial crime are among the biggest obstacles to economic and social development in Africa and around the world. The evolving nature of financial crime, particularly in the digital environment, requires strong partnerships between law enforcement and financial institutions. Interpol’s closer relationship with the African Development Bank Group will help law enforcement agencies and financial institutions across Africa tackle increasingly sophisticated financial crime threats.”

Adesina said the Bank will continue to tackle these challenges by:

  • Building capacity and supporting African countries in strengthening transparent and accountable governance and strong institutions capable of driving inclusive and sustainable growth and resilient economies.
  • Strengthening Know Your Customer and Due Diligence systems to prevent and to fight fraud and corruption.
  • Ensure that the Bank’s resources are used for their intended purposes in a transparent and accountable manner, a practice that has led to the Bank being recognized for two consecutive editions as the most transparent multilateral development bank in the world by Publish What You Fund.

The high-level Interpol delegation that accompanied Secretary General Urquiza included Mr. Silvino Schlickmann, Director of Governance and Ms. Paule Ouedraogo, Head of Interpol’s Regional Bureau.

The African Development Bank Group was represented by members of President Adesina’s senior management team including the director of the Office of Integrity and Anti-Corruption, Ms. Paula da Costa.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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World-leading Crypto Event Launches APAC’s Largest Debut with Consensus Hong Kong 2025

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Over 350 side events transformed mega digital assets event to mega festivities
HONG KONG SAR – Media OutReach Newswire – 21 February 2025 – Regarded as the “Super Bowl of Blockchain” and “the World Cup of Web3”, Consensus, the most influential and longest-running event of the crypto world, picked Hong Kong as a destination to expand beyond North America, with a record-setting debut of nearly 10,000 from over 100 countries and regions converging at the Hong Kong Convention and Exhibition Centre from 18-20 February.

Phoebe Shing, Director, Business Development Team Lead, MICE • MICE-Business Development of the Hong Kong Tourism Board (HKTB), said, “The tremendous success of Consensus’s Hong Kong debut marked the city as one of the most conducive destinations to expand the global footprint of proven events. More than a world’s meeting place, Hong Kong is also a super-connector in the world of finance, innovation and technology (I&T) and global cultures. This mega crypto event also puts Hong Kong on the forefront of accelerating the region’s advancement, while generating high-yield tourism spending and business activities to fuel Hong Kong’s economy.”

A convergence of who’s who in the world of blockchain, digital assets and web3

Asia’s top financial policymakers, crypto thought-leaders and investors shared the main stage with Mainland and world pioneers in blockchain, digital assets and web3 fields, defining what’s next and mapping the way forward for greater impact. The cast of stellar speakers notably included Richard Teng, CEO of Binance, the largest crypto exchange by trading volume; Adam Back, CEO and co-founder of Blockstream, a global leader in Bitcoin and blockchain technologies; Yat Siu, Co-Founder & Chairman Animoca Brands, a global leader in blockchain and gaming; Hong Fang, President of OKX, a leading Web3 technology company and leading crypto exchange, and many more.

Sara Stratoberdha, CEO of CoinDesk said, “Consensus has been running for over 10 years and is one of the longest-running and comprehensive digital assets events in the world. Hong Kong, a Fintech hub in Asia serves as a global center for crypto and web3 technologies, with favourable policies and a large pool of talent for blockchain, digital assets and web3 to thrive. We are thrilled to see that over 75% of attendees are coming from outside Hong Kong. A truly international event! The city has proven the ideal choice for expanding Consensus beyond North America.”

A strong line-up of over 350 side events, delivering huge commercial value

Consensus Hong Kong 2025 was embellished with more than 350 side events, giving the energetic global crypto community diverse opportunities to showcase their expertise, create and renew partnerships and party to the heart’s content.

Michael Lau, Chairman of Consensus Hong Kong, added, “The scale of the inaugural Hong Kong event has surpassed our expectations, with nearly 10,000 attendees and what truly surprised us is that the community and industry were eager to participate and the fact that we ended up hosting over 350 side events is a strong testament to Hong Kong as a leading global FinTech hub where we have a vibrant ecosystem, entrepreneurial spirits, innovative cultures that nowhere else can replicate. I am also appreciative of the support from the HKTB in securing the event for the city I call home.”

Transforming business events into mega festivals

Consensus Hong Kong also spectacularly transformed a leading business event into a mega festival, kicking off with its Opening Party – Rooftop Revelry, held at Cloud 39, the ultra-luxury rooftop ballroom of iconic landmark in Central The Henderson that set the tone for the event’s sophisticated networking occasions. Action continued all the way to its long-established tradition of Music Festival and Crypto Fight Night, extending to Hong Kong’s unique horse-racing and night party at Lan Kwai Fong. The conference concluded with a bang with the Consensus Closing Party in Lan Kwai Fong, where participants were treated to an open bar, live music and fun networking.

Brad Spies, Vice President of Consensus, said, “Hong Kong has a long legacy of finance, banking and some of the deepest capital markets in the world; but it’s also such a vibrant and diverse city with the best restaurants, fantastic venues and unique experiences. The city simply fulfilled the promises of delivering the best of business and fun. Hong Kong is such a world-class city for people to come and transform business events into mega festivals.”

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Saudi Arabia Expands Energy Ties with Africa: A Look at Key Investments, Partnerships

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Following Saudi Arabia’s latest energy efficiency cooperation agreement with Egypt, the African Energy Week: Invest in African Energies 2025 conference will provide a vital platform to accelerate partnerships and secure new deals between Saudi Arabia and African countries

CAPE TOWN, South Africa, February 21, 2025/APO Group/ –Earlier this week, Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and Saudi Arabia’s Minister of Energy Abdulaziz bin Salman Al Saud signed an agreement to develop an executive plan for energy efficiency cooperation, strengthening bilateral ties in the energy sector and fostering sustainable development. This follows another significant development in September, in which Egyptian Prime Minister Mostafa Madbouly secured a $5 billion pledge from Saudi Arabia’s PIF, representing the “first phase” of a larger investment strategy.

As a leading global energy giant, Saudi Arabia has been actively investing in Africa’s energy sector, aiming to expand its energy reserves, advance energy diplomacy and compete with other global superpowers. This strategic push not only strengthens Saudi Arabia’s influence in the region, but also paves the way for deeper economic and political ties with African nations.

To date, the lion’s share of investment in Africa’s energy sector has focused on clean energy advancements. With total project costs reaching $7 billion across the continent, Saudi developer ACWA Power stands as the leading private-sector investor in African renewable energy. In October 2024, the company announced that its Redstone solar plant in South Africa was set to achieve its full 100 MW capacity, while its Kom Ombo solar PV plant in Egypt successfully reached its full capacity of 200 MW. ACWA Power is also leading Project DAO, South Africa’s largest hybrid renewable power plant, with an $800 million investment. The project is expected to come online by 2026 and aligns with the Kingdom’s broader Vision 2030 goals.

In addition to renewable energy, Saudi Arabia is diversifying its investments to secure critical minerals for clean energy technologies. In October, Saudi Arabia’s Manara Minerals, a joint venture between Ma’aden and the Public Investment Fund (PIF), entered advanced talks to acquire a minority stake in First Quantum Minerals’ Zambian copper and nickel assets. The potential investment, valued between $1.5 billion and $2 billion, underscores Saudi Arabia’s strategy to secure critical minerals that are vital for the global clean energy transition.

Turning to broader regional commitments, Saudi Arabia’s financial support for Africa’s energy infrastructure has grown. In October, the Kingdom announced a major funding initiative, pledging at least $41 billion for sub-Saharan African nations. This includes $1 billion for development, $5 billion for startups, $10 billion in financing from the Saudi Export-Import Bank and $25 billion in private sector investments over the next decade.

Meanwhile, the Saudi Ministry of Energy has established the “Empowering Africa” initiative as part of its broader commitment to supporting sustainable development across the continent. In collaboration with the Ministries of Communications and Information Technology and Health, the initiative aims to deliver clean energy, connectivity, e-health and e-learning solutions to enhance lives and promote long-term growth in Africa. Building upon the Clean Fuel Solutions for Cooking Program, it focuses on providing cleaner cooking solutions to vulnerable populations, aiming to reduce reliance on traditional biomass fuels and improve health outcomes for millions of households. Minister bin Salman Al Saud has emphasized energy as a fundamental human right and is spearheading efforts to improve access to clean cooking technologies across the continent.

Additionally, state-owned petroleum company Saudi Aramco is strengthening its partnerships with African nations to support energy investments and mobilization. These collaborations are expected to drive infrastructure development, enhance oil and gas production capacity and facilitate knowledge transfer between Saudi and African energy stakeholders, while aligning with broader energy security and sustainability goals.

In the multilateral arena, the African Energy Chamber is working with Saudi Arabia to support South Africa’s G20 energy investments and mobilization. This partnership is set to facilitate greater financing and policy coordination, ensuring Africa’s energy priorities are well-represented in global energy discussions. The upcoming African Energy Week: Invest in African Energies conference in Cape Town serves as a key platform to facilitate and support these investments, bringing together Saudi stakeholders, African governments and global energy leaders to advance new projects, strengthen partnerships and accelerate the continent’s energy transition. These collaborations are essential in addressing energy challenges, driving economic growth and fostering long-term sustainability. As Saudi investments expand – alongside those of other G20 nations – their impact on Africa’s energy landscape will only deepen.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

Distributed by APO Group on behalf of African Energy Chamber.

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