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Alibaba Cloud Obtains Global Security and Compliance Accreditations in Multiple Industries

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Alibaba Cloud, the data intelligence backbone of Alibaba Group, today announced that it had obtained two new globally recognised security and compliance accreditations in the automobile and healthcare industries. These underline Alibaba Cloud’s ongoing commitment to meeting the highest standards across sectors and geographies, making it easier for businesses of all sizes to use cloud computing and data intelligence technologies.

Completing Level 3 assessment in TISAX

Alibaba Cloud obtained the highest Level 3 assessment in TISAX (Trusted Information Security Assessment Exchange) in an audit conducted by PwC in Germany. Founded in 2017 by the German Automobile Industry Association (VDA) and regulated by the European Network Exchange, TISAX is an automobile industry assessment of service providers’ level of compliance with stringent information security requirements.

Independent auditor PwC conducted a thorough on-site inspection of Alibaba Cloud’s data centers in Germany and a series of interviews to review the company’s controls and management. For Alibaba Cloud’s automotive customers, the assessment will help reduce the effort and expense involved in conducting individual assessments when they engage the company to handle their highly sensitive information. The accolade is also significant given the future of autonomous driving platforms and their use of data.

“TISAX assessment is an important benchmark for service providers in the automotive industry when it comes to safeguarding customers’ highly sensitive data. Following a thorough review of Alibaba Cloud’s data centers in Germany and its internal controls across the board, we are happy to announce that the currently highest available Level 3 certification of the assessed Alibaba Cloud Services are available via the ENX portal,” said Aleksei Resetko, Partner in Cybersecurity & Privacy at PwC Germany.

GxP readiness recognized

Alibaba Cloud has also completed the Good “x” Practice (GxP) readiness assessment for the healthcare industry under the US Food and Drug Administration (FDA) regulations on Electronic Records and Electronic Signatures (ERES). The audit was conducted by RSM LLC, a US-based independent third-party, but this standard will apply to Alibaba Cloud’s customers in multiple jurisdictions.

The review included an assessment of the products offered by Alibaba Cloud, as well as the security controls of the platform itself and the company’s ability to maintain compliance in the future. In addition, Alibaba Cloud issued a whitepaper that looked at the requirements of the Health Insurance Portability and Accountability Act, covering the compliance of multiple products and services.

“At RSM, we understand the importance of protecting sensitive information, and we were happy to participate in the completion of important compliance efforts to further the robust security program within Alibaba Cloud. As we see with many of our clients, adherence to GxP, including regulations such as HIPAA and 21 CFR Part 11, is one of the cornerstones of a robust cloud solution,” said Greg Vetter, Security Principal at RSM.

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“We continue to strive for the highest international standards and these latest achievements provide clear evidence of the successful ongoing expansion of our services. Alibaba Cloud is also fully committed to inspiring confidence in products from a broader range of customers, which third-party accreditation clearly provides. Achieving these multiple accreditations reflects our alignment with the best providers in these industries and expands our business influence globally,” said Yuanbin Zheng, Head of Security Compliance and Privacy at Alibaba Cloud Intelligence.

Ensuring these high standards in the healthcare and automobile industries is a response to growing customer demand. It is also a reflection of the levels of dynamism and innovation in these two sectors, which offer some of the biggest opportunities for cloud computing. Other business units within the Alibaba Group will also be able to leverage these accolades for their own work within these industries.

Earlier this year, Alibaba Cloud also completed an assessment for compliance with the broker-dealer media requirements put into effect by the US’s Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). Alibaba Cloud’s Object Storage Service (OSS) is the only cloud service in China that has passed the audit compliance assessment run by the US-based Cohasset Associates and can meet the regulators’ requirements for retaining electronic records. Although originated in the US, these regulatory standards allow Alibaba Cloud to serve more customers across the global financial industry.

These international recognitions are key to Alibaba Cloud’s ongoing expansion and drives engagement and understanding between the company, regulators and clients in new markets. As part of its commitment to complying with local regulations and industry standards across 20 global regions, Alibaba Cloud has obtained more than 70 security and compliance accreditations worldwide.

 

SOURCE Alibaba Cloud

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CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation

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XI’AN, China, Nov. 2, 2024 /PRNewswire/ — Xi’an, an ancient capital and starting point of the Silk Road, is growing rapidly into a cosmopolis of technological innovation, industrial transformation and international cooperation. The city is becoming a global hub for innovation and economic cooperation and a destination that converges historical heritage with modern creativity. By leveraging initiatives in New Quality Productivity, the Internet of Things, high-tech industries, culture, and international business services, Xi’an showcases its dynamic blend of past and future.

Industrial Development: Technology and Innovation Drive Emerging Industry Clusters

Aiming to establish itself as an international hub with rapid scientific and technological innovation, Xi’an is now building a comprehensive national science center and a center for science and technology innovation.

The Silk Road Technology City is now home to more than 4,000 companies and has fostered two major industry clusters, in optoelectronics and automobiles, each worth tens of billions. Leading industry giants like BYD and Samsung have established themselves here, taking advantage of Xi’an’s robust policy support for innovation-led growth. LONGi, a world leader in solar technology, is actively building Shaanxi’s 100-billion-grade silicon-based solar PV industry innovation cluster, driving industry-wide growth through R&D and supply chain expansion; while BYD’s comprehensive new energy vehicle industry chain has also positioned Xi’an as a key base for new energy technology and electric vehicles.

Belt and Road Hub: Connecting Development Across Borders

As a central hub along the Belt and Road, Xi’an recently hosted the Belt and Road Forum for International Think Tank Cooperation, fostering collaboration and advancing connected, networked development through the trans-Eurasian transport corridor. With growing trade opportunities, Xi’an is also expanding its reach into international markets, particularly in Central Asia, exporting specialty agricultural products like kiwi fruit.

Through conventions and conferences, Xi’an has demonstrated its significant potential for international economic cooperation, establishing stronger ties in Central Asia and Belt and Road countries.

New Quality Productivity: Smart Technologies and Advanced Manufacturing Fuel Growth

New Quality Productivity is driving Xi’an’s high-quality development leveraging smart technologies and intelligent manufacturing. Local enterprises like SUNNYIT are promoting innovative applications of IoT technologies to tackle industry bottlenecks, Xi’an Chinastar M&C Limited is supporting real-time urban management with products including smart manhole covers and parking monitoring systems to support urban safety and municipal services.

Industrial robots and intelligent manufacturing are also accelerating Xi’an’s industry transformation. Xi’an Aerospace Automation’s 4,000-kilogram robot, designed for warehouse logistics, highlights the city’s advancements in high-load, high-precision applications.

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High-Quality Development: Digital Technology Empowers Xi’an’s Smart City Ambitions

Xi’an is progressing in smart city development, enabling companies to utilize big data and AI for comprehensive traffic analysis, enhancing traffic management efficiency, and establishing a “transportation+” multi-scenario service system to improve travel experiences.

Xi’an looks to cooperate with more companies and research institutions in fields of environmental protection, water-related affairs, education, and urban management with the goal of promoting technological breakthroughs in areas such as intelligent video analysis and large-scale AI models, empowering city management and services through digital technologies and support the development and innovation of companies in the city.

Opening Up to the World: Xi’an Shares Its Story and Strengthens Business Environment

The newly established Xi’an International Communication Center shares Xi’an’s story in multiple languages, promoting Chinese culture and positioning Xi’an as a major platform for cultural exchange. Additionally, a legal service center in Xi’an Chanba International Port now offers comprehensive legal support, fostering a fair and just international business environment.

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KuCoin Shines at The Gateway Event, Advocating for Blockchain Innovation Through TON

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DUBAI, UAE, Nov. 2, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.

Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.

“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.

KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/

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UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT

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SINGAPORE, Nov. 2, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.

“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.

DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.

Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer

About DigiFT

DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg

For media enquiries, please contact [email protected]

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