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2 Mar

New World Development and Huawei Form Strategic Partnership, Applying AI Cloud Technology to the Real Estate Sector and Leading Digital Transformation of Industry through PropTech

New World Development Company Limited (“NWD”) and Huawei International Co. Limited (“Huawei”) announced the signing of a Memorandum of Understanding (MoU). The cooperation combines Huawei’s technologies in artificial intelligence, cloud service and big data with NWD’s real estate industry expertise in both Mainland China and Hong Kong to facilitate the sustainable development of the real estate industry. The strategic partnership also aims to facilitate the digital transformation of the industry, and promote the development of PropTech (property technology) by leveraging solutions such as energy-efficient buildings and low-carbon construction, across the Guangdong-Hong Kong-Macau Greater Bay Area.

Exploring innovative PropTech solutions to promote sustainable development

The MoU was signed by Paul Sin, Director of Technology & Transformation at NWD and Ambrose Tang, Deputy Managing Director of the Enterprise Business Group at Huawei. The two parties will jointly explore innovative PropTech solutions in areas such as digital innovation in the property industry, asset-light transformation, smart energy conservation and low-carbon construction.

As stated, Huawei will explore ways to utilize and apply its technologies and infrastructures in 5G, artificial intelligence, cloud service, virtual reality etc. in the real estate industry and build a one-stop smart platform for NWD covering service, management and operation. Huawei will also promote the sustainable development of the real estate industry by facilitating the application of ICT (Information and communications technology) in clean energy, low-carbon construction and energy-efficient buildings.

NWD: Leading the development of PropTech ; Huawei: Catalyzing digital transformation in the industry

Paul Sin, Director of Technology & Transformation at NWD, said, “NWD has always been a pioneer in the development of PropTech, creating the first one-stop Property-Purchase Blockchain Platform in Hong Kong. The partnership with Huawei enables us to leverage the rich resources and technical advantages of both companies in our respective industries and to facilitate the thorough integration of new ICT with the property industry. It also allows us to extend our lead in the development of PropTech in the future and contribute to smart city transformations in Hong Kong and the rest of the Greater Bay Area.”

Ambrose Tang, Deputy Managing Director of the Enterprise Business Group at Huawei, said, “Huawei has been paying close attention to the sustainable development of PropTech. By utilizing our advanced innovative ICT, we have supported many partners from the real estate industry in achieving smart service delivery and facilitated the digital transformation of the property industry. Through this cooperation, Huawei will deepen its partnership with NWD in new infrastructure construction, artificial intelligence and digital platforms as well as the development of standards, so as to ramp up the industry’s confidence in embracing ESG challenges and opportunities. Together we strive to build Hong Kong into a smart city that is livable and business-friendly.”

With Huawei’s extensive experience in the global market and NWD’s expertise in the real estate industry, the strategic partnership will also extend to overseas operations. In the future, Huawei will continue to collaborate with partners around the world to create even more green products, devices, technologies and solutions, creating a green momentum for the development of smart cities.