Fushi Technology to Launch Vertical Applications for AI Agent Industry, Accelerating Market Expansion in Southeast Asia

HONG KONG SAR – Media OutReach Newswire – December 22, 2024 – On December 20, Fushi Technology is set to launch its vertical applications for the AI ​​agent industry in the Southeast Asia region to help businesses to improve their efficiency and optimize their operations.

Fushi Technology is an investment of Hong Kong-listed Yeahka Limited (9923.HK). In 2024, Fushi has already expanded its customer base in Southeast Asia, including more than 200 global and regional brands such as Starbucks, MUJI, Pizza Hut, New Balance, Levi’s, KOI and Mr. Coconut, covering the markets of Singapore, from Indonesia, Vietnam, and Malaysia, with more than 20,000 stores in total.

Fushi’s achievements can be attributed to two key factors: The first factor concerns the synergies created by its partnership with Yeahka. Leveraging payment technology, service expertise and applied artificial intelligence (AI) technologies already validated in China, Fushi offers more attractive commerce empowerment solutions for merchants in the Asia region -Peaceful.

The second key factor is that Fushi itself places great emphasis on localizing its SaaS product development and operations capabilities. By continuously leveraging market attributes and customer preferences in different overseas verticals, Fushi has enriched its internal product portfolio and significantly improved its service efficiencies, thereby enhancing the breadth and depth of its capabilities business empowerment for customers, while also increasing customer loyalty. The launch of Fushi’s AI Agent industrial vertical application is also driven by the needs of foreign customers outside China.

Currently, Fushi’s AI agent mainly targets the food and beverage industry. Customers can use conversational natural language, through voice or text, on the brand’s official app or website to obtain various restaurant and food-related information, as well as place orders and make payments . This will significantly improve customer experience and improve order conversion rates. In the future, Fushi will also collaborate with Ascentis, a leading CRM company in Singapore that Fushi recently acquired, to develop a marketing AI agent, enabling businesses to automatically plan and execute marketing campaigns and manage relationships customers via natural language. AI agents are intelligent entities based on large language models (LLMs) that can understand, plan, make decisions, and perform complex tasks autonomously. Unlike large traditional models, AI agents not only tell you “how to do” something, but also help you “do it”. According to Deloitte, AI agents are reshaping industries in unprecedented ways. They not only expand the scope of generative AI, but also enhance AI capabilities through multi-agent AI systems.

For example, after the launch of AI-based AXON2.0 ad marketing engine, Applovin saw an increase in ad monetization rates, with Q3 revenue up 39% year-over-year and net profit in increase of 300% over one year. year. As of December 20, Applovin’s stock price has increased more than 700% this year.

As AI agents reshape traditional industries and technologies, more industry disruptors are expected to emerge. Jared, a partner at Y Combinator and lead investor, recently analyzed the market and predicted that vertical AI agents could become a new market 10 times larger than SaaS, potentially creating tech giants with market values ​​exceeding 300 billion dollars each. With China’s expansion into overseas markets, Fushi is poised to capture new market opportunities, with its long experience serving merchants, combined with the addition of proprietary AI agents.

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http://www.fushi-tech.com

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