Edvantage Group (0382.HK) and SenseTime Join Forces to Propel the Development of AI Vocational Education for Talent Incubation

Nov 13, 2019 10:00 JST

HONG KONG, Nov 13, 2019 - (ACN Newswire) - Edvantage Group Holdings Limited ("Edvantage Group" or the "Group", stock code: 0382.HK), the largest private higher education group in Guangdong-Hong Kong-Macau Greater Bay Area, is pleased to announce that the Group has signed the strategic cooperation agreement with SenseTime Group Ltd. ("SenseTime"), the global company focused on developing innovative AI technologies, today in Shenzhen Science and Technology Ecological Garden. Leveraging on the higher education institute, both companies will cooperate extensively in various aspects, including the establishment of the artificial intelligence ("AI") technology training programme, AI laboratory and e-campus, paving a pioneering way for AI vocational education by taking advantage of each other's strengths.

Ms. Liu Yi Man, Executive Director and Chief Executive Officer of Edvantage Group Holdings Limited (left) and Mr. Shang Hailong, Managing Director of SenseTime Hong Kong & Head of Education Business Unit (right) signed the strategic cooperation agreement

Under the agreement, Edvantage Group and SenseTime will join forces to push forward AI vocational education and propel the development of e-campus in allied education institutions at home and abroad. Meanwhile, both sides will take Huashang College Guangdong University of Finance and Economics ("Huashang College") as the starting point to develop AI-related liberal education programmes and AI professional education programmes. The former programme is targeted to provide a foundational knowledge in AI for mass students, while the latter is designed for students of Data Institute. In addition, both companies will also jointly establish an AI innovation laboratory, which will be developed in three phases. For phase I, the AI innovation laboratory will develop as an AI application training platform for both parties; to launch research and development activities at phase II. In the last phase, the laboratory will work as a start-up incubation platform to explore the huge potential of AI vocational education, as well as equip AI talents with comprehensive knowledge, significantly enhancing the quality of teaching and learning.

Mr. Liu Yung Chau, Executive Director and Chairman of the Board of Edvantage Group Holdings Limited, said: "The development of AI technology is one of the core national strategies in China and the cultivation of AI talents is the major strategy and trend in education industry. Edvantage Group will closely follow the national strategic direction and cultivate talents with comprehensive international perspectives in the Guangdong-Hong Kong-Macau Greater Bay Area. Currently, we cooperate with SenseTime to build up the advanced AI laboratory in our Huashang College, as well as to explore the development of the tailor-made training programmes, innovative teaching and training mode for AI vocational education and the talents for the AI field, in order to propel the development and popularization of AI discipline."

Ms. Liu Yi Man, Executive Director and Chief Executive Officer of Edvantage Group Holdings Limited, said: "We are always devoting ourselves to providing high quality education services in different phases of education, cultivating advanced practice-oriented talents with international vision and professional knowledge. The above mentioned strategic cooperation with SenseTime not only stands for the advancing with times that opening up innovative thought and advanced AI technology in education industry, but also is meaningful to educational corporation communication in Greater Bay Area, that is cultivate higher education talents, develop AI technology and bring into full play of education resources. Along with the wide attention being paid to Greater Bay Area, we will make full use of our branding strength to satisfy with talents development and education needs by continuous advancing technology integration as well as put the education mission of "Cultivation of professional talents for Greater Bay Area" into practice to bring sustainable development to Edvantage Group."

Mr. Shang Hailong, Managing Director of SenseTime Hong Kong & Head of Education Business Unit, said: "At SenseTime, 'Lead AI Innovation to Power the Future' has always been our mission. While pushing ahead for technological innovations, we are also committed to promoting AI education for all. Since 28 April 2018, when the first AI textbook was introduced, we have launched the AI education experimental platform "SenseStudy" with AI teaching materials, provided AI trainings for teachers, and constructed comprehensive AI teaching laboratories to cultivates AI talents. All these projects have been launched in Mainland China, Hong Kong, Macau, Taiwan and overseas. We are honored to cooperate with Edvantage Group to introduce AI into different education scenarios. With this cooperation, we aim to enable more students to understand more about AI, to improve their all-rounded qualities and to enhance their occupational competitiveness."

About Edvantage Group Holdings Limited
Edvantage Group Holdings Limited ("Edvantage Group" or the "Group", stock code: 382.HK) is the largest private higher education group in the Guangdong-Hong Kong-Macau Greater Bay Area (in terms of total student enrolment of business majors for the 2017/2018 school year), and an early mover in education sector in pursuing international expansion. The Edvantage Group currently operates Global Business College of Australia ("GBCA") in Australia, Huashang College and Huashang Vocational College, focusing their programme offerings on business programmes, such as accounting, finance, economics and business English, and strive to help students to achieve employment prospects when they graduate, and to benefit from the availability of employment opportunities in the Greater Bay Area. Global Business College of Australia ("GBCA") in Australia, mainly offers vocational education courses and non-formal short-term courses aiming to provide students with competitive advantages and global prospective. GBCA is a registered training organization authorized by ASQA. The Company believes that GBCA represents a replicable example for its future international expansion, and the Company is exploring international opportunities in Singapore and the London.

Edvantage Group always strives to provide students with international-level competitiveness and global perspectives. In November 2018, the Group appointed Mr. Albert Sun-Chi Chan, Academician of Chinese Academy of Sciences as the Principal of Huashang College Guangdong University of Finance and Economics, who will lead the school to further internationalization. In November 2019, the Group appointed Professor Jean-Marie Lehn of Chemistry Faculty, University of Strasbourg, the Nobel Prize Winner in Chemistry (1987) and the Father of "Supramolecular Chemistry" as the Honorary Principal of Huashang College. In the future, with the appointment of Professor Jean-Marie Lehn, it will help the newly established Healthcare and Medical Institute to provide international academic level in the Greater Bay area, to provide students of Huashang College with global vision and the world-leading professional knowledge, and to bring the greatest momentum to Chinese medical sciences and medicine industry.

About SenseTime Group Ltd
SenseTime is the world's leading artificial intelligence (AI) company entrusted by the Ministry of Science and Technology of China to establish the National Open Innovation Platform for Next-Generation Artificial Intelligence on Intelligent Vision. In addition, SenseTime is the better value AI enterprise in the world in term of its fund-raising amount and valuation, higher than the average level of the industry.

With the mission of "Leading Own-developed AI Innovation to Power the Future", SenseTime has independently developed a deep learning platform, supercomputing centers, and a range of AI technologies such as face recognition, image recognition, object recognition, text recognition, medical image analysis, video analysis, autonomous driving, and remote sensing. In doing so, SenseTime has become China's largest AI algorithm provider. SenseTime leads the market in almost all vertical industries, including smart city, smartphone, mobile Internet, online entertainment, automobile, finance, retail, education, real estate and so on. The company boasts more than 700 customers and partners in China and overseas, including world-renowned institutions and companies such as Massachusetts Institute of Technology (MIT), Qualcomm, NVIDIA, Honda, SNOW, Alibaba, Suning, China Mobile, UnionPay, Wanda, Huawei, Xiaomi, OPPO, vivo, Weibo and etc.

The company has offices in Hong Kong, Beijing, Shenzhen, Shanghai, Chengdu, Hangzhou, Kyoto, Tokyo and Singapore. For more information, please visit SenseTime's website as well as LinkedIn, Twitter and Facebook pages.

Sectors: Daily Finance, Daily News