Incident: Wuxiang Yungu, a holding subsidiary of Runjian Co., Ltd., and Alibaba Cloud signed a “Cooperation Agreement” on computing power services and digital clouds. Cooperation projects: 1. The “China-ASEAN Intelligent Computing Cloud” project cooperation “China-ASEAN Intelligent Computing Cloud” mainly provides digital cloud and computing power services for domestic customers and enterprises going overseas to ASEAN. 2. “Digital Economy Innovation Center” project cooperation Alibaba Cloud participated in the construction of a digital economy innovation center through cooperation with Wuxiang New Area, relying on the Wuxiang Yungu Industrial Park.
Leading cloud vendors cooperate and implement to verify the business capabilities of the company's major customers. Major customers require higher capabilities in computing networks, operation and maintenance, and industry solutions. Alibaba Cloud accounted for 25% of domestic public cloud IaaS vendors in 2022, with the domestic market ranking first. It is also important to consider the capabilities of computing power service providers not only to build computing power, to meet computing power needs, and to operate computing power resources more efficiently. The big manufacturers themselves have strong cloud computing experience, and the cooperation with Runjian Co., Ltd. can be seen as recognition of the company's ability to open up scenario implementation of computing power services and efficiently build and operate intelligent computing. Endorsements from major Internet companies will also have a positive impact on the company's subsequent customer promotion.
The quality of customer resources enhances the certainty of performance. Runjian Co., Ltd. has excellent customer resources in both traditional and new businesses. In the communication network business, the customers are the three major operators. They are an excellent A-level supplier for China Mobile and a five-star service provider for China Tower. In the energy operation and maintenance business, customers include Tower Integrated Energy, China Southern Power Grid's electric vehicle service, etc. In terms of computing power services, the company's big customer strategy will also continue to ensure that intelligent computing construction can be more quickly transformed into company benefits, thus forming a virtuous cycle of investment and income.
The construction of computing power continues, and overseas and domestic computing power is on the same path. Currently, the first phase of the company's intelligent computing center can provide 2500P computing power. This cooperation with Alibaba Cloud will add another 2500P of computing power, and major manufacturers will cooperate to verify the intelligence building capabilities of Runjian Co., Ltd. In addition to channel capabilities with strong overseas computing power, the company and Huawei have cooperated with Huawei in the field of computing power through extensive cooperation in the fields of communications, digitalization, and new energy in the past, and cooperated with Huawei in projects such as the China-ASEAN Artificial Intelligence Supercomputing Center. Wuxiang Cloud Valley has also purchased some Huawei devices, and the company will continue to deepen the partnership in the future.
Combining domestic and overseas computing power services, the leading position in overseas computing power services is obvious. Recently, the company also signed strategic cooperation with Juwei Group and Jinkang International. The first phase plans to build about 1,000P computing power services, further deepening the company's intelligent computing power and artificial intelligence cooperation with ASEAN countries, with complementary advantages. The company has successfully installed park data centers in the Philippines, Vietnam, Indonesia and other countries, and upgraded the data centers of various enterprises in various countries. It has undertaken more than 100 local projects in ASEAN and is leading among domestic manufacturers in the layout of overseas computing power services.
Risk warning: market competition risk, technology and product iteration risk, major customer concentration risk.