-- Towngas Telecommunications Company Limited (TGT), a wholly-owned subsidiary of The Hong Kong and China Gas Company Limited (Towngas), and Ant Digital Technologies recently signed a Memorandum of Understanding (MOU). The two parties will engage in deep collaboration around real-world assets (RWA) combined with Ant Digital Technologies’ AI capabilities.
According to the MOU, both parties will jointly explore the development of AI-enhanced data centre services, including comprehensive solutions such as Internet Data Centre (IDC) RWA field collaboration, AI transformation and upgrade for Towngas’s related businesses, and integrated AI agent services for local and overseas customers. This will enhance TGT’s existing service standards and position it as an emerging player in the AI solutions market.
“This partnership marks an exciting new chapter for TGT,” said Mr Edmund Yeung Lui-ming, Executive Director and Chief Financial Officer of Towngas. “By combining our data centre expertise with Ant Digital Technologies’ AI capabilities, we plan to deliver smarter solutions that address our customers’ evolving needs. This collaboration is key to our vision of leading innovation in the data centre industry and creating new value in the AI era.”
Ms Bian Zhuoqun, Vice President of Ant Group and President of Blockchain Business of Ant Digital Technologies, added, “We’re thrilled to partner with TGT to bring AI innovation to data centres. Our Web3 and AI solutions complement TGT’s robust infrastructure perfectly. This collaboration will help businesses unlock more value from their data while setting new standards for efficiency and performance in data services.”
Both parties will establish a joint team to advance and oversee the collaboration. This partnership reflects the growing importance of AI and Web3 technologies in transforming traditional infrastructure services, propelling both companies to the forefront of digital innovation in Asia.
Looking forward, the parties intend to explore other areas of collaboration across Towngas’s energy business segments. Currently, Towngas’s seven major business segments include: Hong Kong city-gas operations, Chinese mainland city-gas operations, mainland water and environmental operations, renewable energy, extended businesses (B2C), green methanol, and sustainable aviation fuel (SAF). Capitalising on Ant Digital Technologies’ AI computing power, Towngas will be able to drive business development, build a leading AI energy ecosystem, and meet customers’ AI demands.
Additionally, riding on its collaboration with Ant Digital Technologies, Towngas will also actively adopt AI to strengthen internal management, establishing an integrated group-wide control system for finance, human resources, procurement and supply chain, operations, and master data, achieving a management strategy that is “end-to-end and top-to-bottom”. Regarding external business development, Towngas will rely on TGT’s AI data centre capabilities to empower various energy segments within the Group with AI computing power, thereby developing AI services specifically for the energy industry.
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Press photos:
Photo 1:
Witnessed by Mr Edmund Yeung Lui-ming (2nd from left, back row), Executive Director and Chief Financial Officer of Towngas; Mr Lawrence Fok Chi-cheong (1st from left, back row), Head of Group Finance & Strategy (Mainland Business) and Head of Group Treasury of Towngas / Chief Financial Officer of Towngas Smart Energy; Ms Bian Zhuoqun (2nd from right, back row), Vice President of Ant Group and President of Blockchain Business of Ant Digital Technologies; and Mr Chen Xiangbin, (1st from right, back row), General Manager of Strategic Industry of Business Development Department of Ant Digital Technologies, Mr Walter Ngan Hing-wah (left, front row), General Manager - Telecommunications Business of Towngas Telecommunications Company Limited, and Mr Zhang Kun (right, front row), General Manager of Renewable Energy Business Development Department in China Region and Head of RWA Asset Center of Ant Digital Technologies, sign the Memorandum of Understanding to jointly explore enhancing TGT’s data centre services through Ant Digital Technologies’ AI technology.
For media enquiries, please contact:
The Hong Kong and China Gas Company Limited
Ms Kara Kwong
Assistant Corporate Affairs Manager
Tel: 2963 3497 / 6698 3357
Email: [email protected]
Mr Julius Chow
Senior Corporate Affairs Officer
Tel: 2963 3471 / 6969 1360
Email: [email protected]
Release ID: 89160456
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