Lichen China Limited Prepared To Launch Its AI Large-scale Model Developed With JD Technology
Lichen China (NASDAQ: LICN) announced that its AI large-scale model, co-developed with JD Technology (JDT), will begin formal trial operation by the end of December 2024. The collaboration, established through a framework agreement in October 2024, combines Lichen's AI technologies with JDT's development capabilities to create a specialized model for finance, taxation, and law applications.
The model aims to assist financial personnel and entrepreneurs with routine queries and risk analysis in finance, taxation, and legal matters. JDT will make the product available to JD Mall merchants and Chinese enterprises, with expectations to serve over one million users within the first year of release.
Lichen China (NASDAQ: LICN) ha annunciato che il suo modello AI su larga scala, co-sviluppato con JD Technology (JDT), inizierà le operazioni di prova formale entro la fine di dicembre 2024. La collaborazione, stabilita attraverso un accordo quadro nell'ottobre 2024, combina le tecnologie AI di Lichen con le capacità di sviluppo di JDT per creare un modello specializzato per applicazioni in ambito finanziario, fiscale e legale.
Il modello mira ad assistere il personale finanziario e gli imprenditori con query di routine e analisi dei rischi in finanza, tassazione e questioni legali. JDT renderà il prodotto disponibile ai commercianti di JD Mall e alle imprese cinesi, con l'aspettativa di servire oltre un milione di utenti nel primo anno dopo il rilascio.
Lichen China (NASDAQ: LICN) anunció que su modelo de IA a gran escala, co-desarrollado con JD Technology (JDT), comenzará las operaciones de prueba formal a finales de diciembre de 2024. La colaboración, establecida a través de un acuerdo marco en octubre de 2024, combina las tecnologías de IA de Lichen con las capacidades de desarrollo de JDT para crear un modelo especializado en aplicaciones de finanzas, impuestos y derecho.
El modelo tiene como objetivo ayudar al personal financiero y a los emprendedores con consultas rutinarias y análisis de riesgos en finanzas, impuestos y asuntos legales. JDT hará que el producto esté disponible para los comerciantes de JD Mall y las empresas chinas, con la expectativa de atender a más de un millón de usuarios en el primer año tras su lanzamiento.
리켄 차이나 (NASDAQ: LICN)는 JD 테크놀로지 (JDT)와 공동 개발한 대규모 AI 모델이 2024년 12월 말까지 정식 시험 운영을 시작할 것이라고 발표했습니다. 2024년 10월에 체결된 프레임워크 계약을 통해 설립된 이 협력은 리켄의 AI 기술과 JDT의 개발 역량을 결합하여 금융, 세무 및 법률 응용 프로그램을 위한 전문 모델을 만듭니다.
이 모델은 금융, 세무 및 법률 문제에 대한 일상적인 질문과 위험 분석을 처리하는 데 있어 금융 직원과 기업가를 지원하는 것을 목표로 합니다. JDT는 JD Mall 상인 및 중국 기업에 이 제품을 제공할 예정이며, 출시 첫 해에 백만 명 이상의 사용자를 지원할 것으로 기대하고 있습니다.
Lichen China (NASDAQ: LICN) a annoncé que son modèle d'IA à grande échelle, co-développé avec JD Technology (JDT), commencera ses opérations d'essai formel d'ici la fin décembre 2024. La collaboration, établie par un accord-cadre en octobre 2024, combine les technologies d'IA de Lichen avec les capacités de développement de JDT pour créer un modèle spécialisé pour des applications dans le domaine de la finance, de la fiscalité et du droit.
Ce modèle vise à aider le personnel financier et les entrepreneurs avec des questions courantes et des analyses de risque dans les domaines financier, fiscal et juridique. JDT mettra le produit à la disposition des commerçants de JD Mall et des entreprises chinoises, avec l'espoir de servir plus d'un million d'utilisateurs au cours de la première année suivant sa sortie.
Lichen China (NASDAQ: LICN) gab bekannt, dass sein KI-Modell in großem Maßstab, das in Zusammenarbeit mit JD Technology (JDT) entwickelt wurde, bis Ende Dezember 2024 mit den formalen Testoperationen beginnen wird. Die Kooperation, die im Oktober 2024 durch eine Rahmenvereinbarung gegründet wurde, kombiniert die KI-Technologien von Lichen mit den Entwicklungskapazitäten von JDT, um ein spezialisiertes Modell für Finanz-, Steuer- und Rechtsanwendungen zu schaffen.
Das Modell hat zum Ziel, Finanzfachleuten und Unternehmern bei routinemäßigen Anfragen und Risikoanalysen in Finanz-, Steuer- und Rechtsangelegenheiten zu helfen. JDT wird das Produkt den Händlern von JD Mall und chinesischen Unternehmen zur Verfügung stellen, mit der Erwartung, im ersten Jahr nach der Veröffentlichung über eine Million Benutzer zu bedienen.
- Strategic partnership with major tech company JD Technology
- Access to JD Mall's merchant base for product distribution
- Projected user base of over 1 million within first year
- Expansion into AI-powered financial services market
- None.
Insights
The collaboration between Lichen China and JD Technology to develop an AI large-scale model for finance, taxation and law represents a significant technological advancement in the B2B service sector. The model's integration into JD Mall's merchant ecosystem creates a substantial distribution channel, potentially reaching millions of businesses. However, the announcement lacks important details about the model's capabilities, competitive advantages, or revenue-sharing structure. While the projected user base of one million within a year is ambitious, it's worth noting that JD.com's extensive merchant network could make this achievable. The success will largely depend on the model's accuracy, ease of integration and ability to handle complex financial and legal queries effectively.
This strategic partnership could significantly enhance Lichen China's market position and revenue streams. By leveraging JD Technology's extensive network and technological infrastructure, Lichen can potentially scale its services rapidly across China's vast SME market. The AI model's focus on finance, taxation and law addresses critical pain points for businesses, potentially creating a sticky product with recurring revenue potential. However, investors should note that the announcement doesn't include financial projections, pricing models, or implementation costs. With a relatively small market cap of
In October 2024, the Company entered into a cooperation framework agreement with JDT at the JD headquarters in
Mr. Li Ya, Chairman of Lichen China, stated, "Upon the launch of the new AI large-scale model for finance, taxation, and law, it will not only assist financial personnel in answering routine questions regarding finance, taxation and law but also address the corresponding issues faced by entrepreneurs. It will effectively contribute to enhancing the management efficiency of enterprises in the aspects of finance, taxation and law and analyzing associated risks. This product will be made available by JD Technology for the merchants on JD Mall as well as a large number of Chinese enterprises. We anticipate that it will serve over one million users within one year after its official release."
About Lichen China Limited
Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its "Lichen" brand. In recognition of the Company's expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the
For more information, please contact:
Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com
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SOURCE Lichen China Limited
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