Group 1 - The Hong Kong Monetary Authority (HKMA) has launched a new phase of the Ensemble project called "EnsembleTX," marking a significant step in promoting tokenized deposits and the real value trading of digital assets [1] - Ant Group has been recognized as a pioneer in the EnsembleTX initiative, collaborating with financial institutions and regulators to explore compliant applications of tokenization [1] - The trial phase of EnsembleTX will utilize tokenized deposits for settling tokenized money market fund transactions and testing real-time liquidity management, initially relying on the Hong Kong dollar's instant payment settlement system [1] Group 2 - Ant Group's ongoing participation in the Ensemble project is driven by its technological accumulation and practical experience, including the recent launch of the "DT Tokenization Suite" for providing digital services throughout the asset lifecycle [2] - The company has also introduced the Layer2 public chain Jovay, which offers high performance, low cost, and high security, serving as a solid technical foundation for asset tokenization [2] - In the Hong Kong market, Ant Group has collaborated with firms like Citic Securities and China Gas to implement digital asset issuance cases, gaining extensive compliance practice experience [2]

Core Viewpoint - Ant Group's subsidiary, Ant Digital, aims to differentiate itself in the market by focusing on enterprise-level AI services and Web3 solutions, leveraging its extensive technological capabilities and industry experience to create value for businesses [4][11]. Group 1: Company Overview - Ant Digital officially became independent in March 2024 and has shown promising results, achieving breakeven last year and projecting a 50% revenue growth this year [4]. - The company has a strong foundation in toB services, benefiting from years of experience within Ant Group, which has a transaction volume exceeding one trillion [4][5]. - Ant Digital's CEO, Zhao Wenbiao, emphasizes the importance of AI and Web3 as transformative opportunities, comparable to the impact of mobile payments [4][6]. Group 2: AI Strategy - Ant Digital focuses on "application landing" rather than competing in foundational large models, offering a full-stack AI service that includes intelligent computing power scheduling, industry-specific large models, and intelligent agent development platforms [4][5]. - The company has introduced a performance-based payment model, allowing businesses to pay based on the actual business effects generated by AI, marking a significant shift from traditional project-based or subscription models [5][6]. - Zhao believes that the current AI landscape is filled with projects that address isolated issues, resulting in limited business value, and highlights Ant Digital's ability to provide end-to-end solutions [5][6]. Group 3: Web3 Focus - Ant Digital views Real World Assets (RWA) as a key breakthrough in the Web3 space, having completed its first RWA transaction in Hong Kong and expanding into various asset categories [6][8]. - The company has developed a comprehensive technical infrastructure for asset security, trustworthy on-chain processes, cross-chain circulation, and issuance, which lowers industry barriers and accelerates scalability [6][8]. - Ant Digital has over 6,000 blockchain patents and aims to leverage its blockchain technology to create a robust ecosystem, anticipating significant industry growth [6][8]. Group 4: Market Positioning - Ant Digital distinguishes itself from other fintech companies by focusing solely on technology services for enterprise digitalization, rather than providing financial services [10][11]. - The company has established a strong presence in the financial sector, serving 100% of state-owned banks and over 60% of local commercial banks, while also expanding into the renewable energy sector [13][19]. - Zhao emphasizes the importance of technology innovation, value creation for industries, and a cautious approach to innovation, avoiding speculative ventures that do not generate real value [12][14]. Group 5: Future Outlook - Ant Digital is positioned for significant growth in the next three to five years, with a focus on long-term investment in the enterprise service market [29]. - The company aims to redefine industry standards and practices in both AI and Web3, seeking to lead rather than follow in these transformative areas [6][21]. - Zhao expresses a commitment to becoming a respected technology company that drives industry advancement, with a focus on creating competitive products and services [26][29].