Gelonghui December 27丨Future Data Group (08229.HK) announced that the company will launch a comprehensive data hosting platform. The innovative platform aims to focus on the design, construction and operation of data infrastructure, and to provide consulting, technical services and solutions related to data hosting and provision.

On December 27, 2023, the company signed a non-legally binding letter of intent with Beijing Shuyue Mingjin Technology Co., Ltd. (“Beijing Shuyue”) to establish a strategic partnership to carry out related data hosting and provision services. The Group will cooperate with Beijing Shuyue to strengthen the Group's data hosting platform with the aim of building and operating a “future data space” within the “Belt and Road” countries and regions, with the aim of providing secure and cost-effective data solutions for the “Belt and Road” countries and regions.

According to the terms of the letter of intent, the parties to the letter of intent agreed to discuss and cooperate on the following cooperation models: (i) The company will establish a wholly-owned subsidiary, Future Data Space Co., Ltd., to invest in the construction of data infrastructure in countries and regions along the “Belt and Road” to provide basic guarantees for the safe, compliant and reliable circulation of data elements within the region. (ii) The future data space will provide services including data hosting, cross-border data monitoring and reliable data transactions to meet the data needs of enterprises and governments in countries and regions along the “Belt and Road”. (iii) The two parties in the letter of intent will jointly develop and promote solutions such as data capitalization and data element circulation based on the People Data open source project to promote data innovation in countries and regions along the “Belt and Road”. (iv) The two parties in the letter of intent will jointly carry out data element standardization research to provide standard guarantees for the circulation of data elements in countries and regions along the “Belt and Road”. (v) The two parties in the letter of intent will jointly establish a “Belt and Road” data space talent training system to provide talent support for the development of the “Belt and Road” data space.

The future data space will focus on key cities and regions in the “Belt and Road” countries and regions to gradually expand the market. In the future, it will aim to cooperate with local governments, enterprises, institutions, etc. to jointly build a “Belt and Road” data space. The future data space will also focus on key areas such as the digital economy, smart cities, and industrial Internet in countries and regions along the “Belt and Road” to provide solutions for the circulation of data elements in these fields. In the future, data space will actively participate in international cooperation in the “Belt and Road” data space and carry out exchanges and cooperation with other data space operators around the world.