New World China and Tencent Sign Strategic Cooperation Agreement to Drive Smart City Developments

New World China Land Limited ("NWC" or "the Company") announced today that it has signed a strategic agreement with Tencent Technology (Shenzhen) Co., Ltd ("Tencent") to form a long-term partnership. In the future, NWC and Tencent will strive to integrate "Internet+" into the property industry through technology and innovation as well as blending and complementing both firms’ strengths and resources. Together they are set to drive smart properties, smart communities and smart city developments.


Director and Chief Executive Officer of NWC Mr. So Chung-Keung, Alfred and Director and Deputy Chief Executive Officer Mr. Chan Lai-Man, Raymond attended “China's Smart Real Estate Industry Summit – Smart Future” which organised by Tencent and signed a strategic cooperation agreement with Tencent Regional Business Cluster General Manager Ms. Yi Hai-Yan. Recognising the Company's contributions in promoting digitalisation within the property industry, NWC has been awarded City Model Brand Real Estate Enterprise while Mr. So Chung-Keung, Alfred won the Individual Award for Driving Digitalisation in China's Property Industry. With the signing of this strategic cooperation agreement, NWC and Tencent will proactively explore a host of areas including smart communities, smart operations, smart property management, smart businesses, Internet of Things, cloud computing, big data and artificial intelligence in order to apply their various innovations. This partnership signifies the two companies' joint determination to drive greater in-depth integration of property and the Internet, launching the advent of the smart property era.


New World Development Company Limited Chairman and Executive Director Dr. Cheng Kar-Shun, Henry said, "As a city operator, we change people's lives and give back to the country through inheritance and innovation. To this end, we keep pace with the times by staying abreast of the latest developmental trends and by leveraging technology." New World Development Company Limited Executive Vice-chairman and General Manager Dr. Cheng Chi-Kong, Adrian JP also stressed, "The 2019 Government Work Report published by the National Lianghui clearly states that it is necessary to promote 'Internet+' through a process of transforming traditional industries with new technologies and new models. Hoping to grow along with cities, NWC actively supports China’s direction by combining the Company's experience and resources to achieve cross-function innovation."


NWC Director and Chief Executive Officer Mr. So Chung-Keung, Alfred said, “Buildings provide space for living while technology saves time for building a better life. Buildings, technology and living form a closed loop with technology being a fundamental element of  people’s homes. Adhering to our new branding commitment - 'Soul of the City', NWC's forward-looking vision enables the Company to understand the needs of different groups of people. In line with our belief in serving people with technology, the Company is committed to developing a city with soul where people can discover a valuable sense of belonging through meticulously designed, thoughtful spatial planning, along with green technology and smart buildings."


"Internet + Smart Property" will be the general trend of the property industry in the future. Combining Tencent's strong R&D and technical capabilities with NWC's years of experience in property and community development, the two companies will join forces to leverage the power of the Internet in order to integrate big data, cloud computing, Internet of Things and artificial intelligence throughout the industry. By enhancing products and services through the power of technology, the industry's productivity and quality will increase, providing a brand new smart living experience for people and establishing a new benchmark for smart city development.