OORT enters Shenzhen Data Exchange to expand its influence in Asia's AI market
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OORT enters Shenzhen Data Exchange to expand its influence in Asia's AI market
By listing on the Shenzhen Data Exchange, OORT will offer its products to the thriving market of AI companies.
Navigating Web3 tides with focused insightsAs a decentralized AI cloud platform, OORT is pleased to announce its entry into China's leading top-tier data trading platform—Shenzhen Data Exchange. This move will enable OORT to offer its products and services to a vast number of AI companies across Asia, including its flagship offerings OORT DataHub and OORT AI.
Shenzhen Data Exchange: A Hub for Data Innovation
A subsidiary of Shenzhen Exchange Group, Shenzhen Data Exchange aims to become a national-level data exchange, building a nationwide trading platform that enables cross-regional and cross-border data circulation. It seeks to pioneer demonstration models and transaction templates for market-oriented allocation of data as a key production factor, tailored to the development of China’s digital economy.
In June 2024, Shenzhen Data Exchange surpassed the milestone of 10 billion RMB in cumulative transaction volume, reaching 10.539 billion RMB, becoming the first data trading platform in China to exceed this threshold. As of June 2024, the exchange has listed 2,263 tradable data products, covering over 70 industries and 265 application scenarios, forming a data ecosystem with Shenzhen at its core, radiating nationwide and面向 global markets.
In cross-border operations, Shenzhen Data Exchange actively promotes orderly development by establishing cross-border data pathways, enhancing infrastructure, driving international ecosystem partnerships, and expanding overseas collaborations.
Zhao Yang, Deputy General Manager of Shenzhen Data Exchange, stated: "With its advanced concepts and technologies in artificial intelligence, blockchain, and related fields, OORT will create greater business opportunities and commercial value for our clients. We welcome more outstanding global data service providers to join Shenzhen Data Exchange to achieve mutual benefits and shared growth."
OORT’s Mission: Empowering AI Companies
By listing on Shenzhen Data Exchange, OORT will bring its products to a rapidly growing market of AI companies. Strong support for AI innovation in China has fostered a thriving ecosystem of AI startups, offering OORT a significant opportunity to expand its influence and business reach. The massive AI datasets provided by OORT DataHub will serve as rich resources for AI model training, supporting innovation and growth. Additionally, OORT AI solutions can help companies easily deploy AI assistants into their operations.
"Listing on Shenzhen Data Exchange marks a significant milestone in our journey," said Max Li, Founder and CEO of OORT. "China hosts the largest number of AI companies globally, and the data exchange provides a powerful platform for OORT’s products to support these companies’ growth and contribute to broader public benefit."
For more information about OORT and its products, visit https://www.oortech.com/ or follow OORT on X: https://x.com/oortech.
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