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Global Times: China’s tourism industry boosted by integration of high-tech, culture

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BEIJING, Sept. 19, 2024 /PRNewswire/ — Chongqing Municipality in Southwest China has transformed urban landscapes, rivers, and mountain cliffs into giant “screens” that project cultural stories on both sides of the Yangtze River using cutting-edge naked-eye 3D technology, creating an unforgettable immersive night tour.

“I’m captivated by the city’s vibrant night scenery; leaving behind this cruise experience is hard,” Kirtan Bhana, director and editor of South Africa’s The Diplomatic Society, told the Global Times during the Yangtze and Jialing River night cruise tour in Chongqing.

Denisa Petrilakova, editor of domestic and foreign news at the Czech Media Agency, was also impressed by the unforgettable Two-River Tour experience and told the Global Times that she would recommend Chongqing to Czechs in addition to Beijing and Shanghai. “I was very touched by the night view of the mountain city, which is really special and beautiful.”

The light show in the Two-River Tour combines home lighting, road lighting, high-rise building projector lights, embankment lights and ship lights. This intricate interplay of lighting creates a stunning three-dimensional nightscape, where mountains, rivers, bridges, and urban structures merge into a visual symphony.

Infrastructural upgrades

Down the Yangtze River, the night cruise tour in Yichang, Central China’s Hubei Province, east of Chongqing, is also filled with impressive technology.

As the cruise ship moves along the Yangtze, it projects lights onto mountains and cityscapes, enhancing the natural and urban surroundings with vibrant cultural displays, Ye Yong, general manager of the Tourism Development Division at the Three Gorges Tourism Group, told the Global Times.

The light show showcases cultural stories, including that of Qu Yuan, a patriotic Chinese poet who died in 278 BC. The Dragon Boat Festival is celebrated to commemorate his life and death. The light show also features the story of Wang Zhaojun, a famous “political bride” from the Western Han Dynasty (206 BC-AD25).

After two phases of construction and upgrades, the giant screen alongside the Yangtze River, measuring about 8 kilometers long, was ready to welcome tourists in July 2022, the Global Times has learned.

In Yichang, the Yangtze River Three Gorges 1, the world’s largest pure electric cruise ship, has been in operation to enhance the quality of cruise tours.

“The ship has made touring the Yangtze River a quiet journey without the smell of diesel. The electric ship is charged at the wharf overnight, with electricity generated from the Three Gorges Dam,” Ye said.

The Three Gorges Tourism Group is a joint developer of the Yangtze River Three Gorges 1 and is currently the operator of the ship.

To enhance its services, Chongqing introduced a new-generation high-end cruise ship, which set sail on July 18 of this year and was equipped with advanced technology to offer a more immersive experience.

The cruise ship is designed as a “catamaran,” and incorporates a number of high-end technologies in areas such as shock absorption, noise reduction and environmental protection, including railings made from light-guiding glasses.

Moreover, the cruise ship features a pillar-less lobby and panoramic glass walls, providing a broader view compared to other vessels.

Integration of culture, high-tech

In recent years, China’s tourism industry has experienced significant growth, establishing the country as the largest source of international tourists and a major destination for travelers worldwide. The enthusiasm of the Chinese people for cultural tourism consumption is increasing, while the scale of the cultural tourism market continues to expand, and the consumption structure continues to optimize, analysts said.

“Strengthening tourism in China calls for strategic planning, local innovation, and unified efforts from the entire industry,” noted Dai Bin, president of the China Tourism Academy, during a tourism industry conference on September 11.

China will actively promote the high-quality development of its cultural and tourism industries, aiming to establish itself as a country strong in culture and tourism.

Latest industrial data showed that 70 percent of tourists participate in cultural experience activities during their travels, and nearly 80 percent express a desire to engage in such activities. “We will explore effective mechanisms for integrating culture with science and technology and step up our efforts to foster new forms of cultural business,” read the resolution adopted at the third plenary session of the 20th Central Committee of the Communist Party of China in July.

The resolution also said that “we will institute a system of the defining symbols of Chinese culture and refine institutions and mechanisms for promoting the full integration of culture and tourism.”

China has a long history and is rich in culture, which will enrich the creation of digital content and boost the digital cultural tourism, Tian Feng, dean of SenseTime’s Intelligence Industry Research Institute, told the Global Times on Friday.

Tian noted that SenseTime has already built a library of digital content assets featuring many Chinese cultural monuments and ancient artifacts, utilizing space modeling empowered by artificial intelligence, which will promote the integration and development of digital cultural tourism.

Propelled by advancements in science and technology, innovative formats such as virtual tourism, digital exhibitions, and online performing arts have entered a rapid growth phase, unlocking new avenues for the cultural tourism industry, experts pointed out.

By the end of 2023, the scale of China’s digital cultural tourism market exceeded 1 trillion yuan ($140.9 billion), accounting for more than 30 percent of the entire cultural tourism industry, media reported.

Tourists are now provided with an immersive travel experience made possible through augmented reality (AR) technology, including AR glasses, Chen Xi, vice president of Rokid, a Hangzhou-based AR tech startup, told the Global Times on Friday.

Chen cited examples of using AR technologies in Shuoxi Lake in East China’s Anhui Province and Datang Everbright City in Northwest China’s Shaanxi Province.

By the end of 2023, China had developed 32,024 immersive experience projects, creating nearly 928,000 jobs, with a total output value reaching 193.34 billion yuan. This figure is expected to exceed 240 billion yuan this year, according to a white paper released in June.

View original content:https://www.prnewswire.com/news-releases/global-times-chinas-tourism-industry-boosted-by-integration-of-high-tech-culture-302252833.html

SOURCE Global Times

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

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 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 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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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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