Shumming Tech and SJTU AI Institute Unveil Joint Lab to Unlock Medical Data Value; Files IPO Prospectus

Currently, artificial intelligence has become a globally leading new technology, driving the transformation and upgrading of the multi-trillion-dollar digital economy industry.

China, currently transitioning from a phase of high-speed growth to one of high-quality development, urgently requires the powerful impetus of artificial intelligence to spawn new technologies, products, industries, business formats, and models, thereby triggering a comprehensive reshaping of digital resources and profound transformations in the economic structure.

The Chinese government attaches great importance to the development of next-generation artificial intelligence (AI). As a strategic technology leading the current wave of technological revolution and industrial transformation, AI exhibits a strong “lead goose effect,” characterized by significant spillover and driving impacts. In the 14th Five-Year Plan and the Long-Range Objectives Through the Year 2035 formulated by the Central Committee of the Communist Party of China, big data and AI are designated as key strategic technologies for the country, with active promotion of their deep integration across various industries.

The era of artificial intelligence has arrived. As a technology service company dedicated to leveraging AI algorithms for precise big data modeling and commercial operations, Shuming Technology has already taken action, poised to bring about a disruptive transformation in the healthcare sector.

Ceremony Site

On November 24, 2020, the unveiling ceremony for the Shuming Tech–Shanghai Jiao Tong University Joint Laboratory for Artificial Intelligence (hereinafter referred to as the “Joint Laboratory”), jointly established by Shanghai Shuming Artificial Intelligence Technology Co., Ltd. (hereinafter referred to as “Shuming Tech”) and the Institute of Artificial Intelligence at Shanghai Jiao Tong University (hereinafter referred to as the “Institute”), was grandly held at the Shibei High-Tech Business Center in Shanghai. Zheng Huiqiang, President of the Shanghai Federation of Modern Service Industries, former Standing Committee Member of the National Committee of the Chinese People’s Political Consultative Conference, and former Deputy Director of the Standing Committee of the Shanghai Municipal People’s Congress; Zhang Yuxiang, General Manager of Shanghai Shibei High-Tech Group Co., Ltd.; Yang Xiaokang, Deputy Dean of the Institute of Artificial Intelligence at Shanghai Jiao Tong University; Chen Jianwu, Chairman of Chaoheng (Shanghai) Industrial Co., Ltd.; Xiang Liang, General Manager of Shanghai Shuming Artificial Intelligence Technology Co., Ltd.; and other relevant leaders and corporate representatives attended the event, jointly witnessing this milestone moment.

Xiang Liang, Founder of Shuming Technology

At the plaque-awarding ceremony, President Zheng Huiqiang and General Manager Zhang Yuxiang delivered speeches in succession, expressing their best wishes for the joint laboratory. Vice Dean Yang Xiaokang provided a detailed introduction to the research institute, stating that it would establish a strong collaborative partnership with Shuming Technology to create a favorable situation characterized by complementary advantages, mutual benefits, and shared development. As a partner, Chairman Chen Jianwu wished the collaboration every success and emphasized that he would provide greater support for the future development of Shuming Technology.

Xiang Liang (right), founder of Shuming Technology, and Deputy Dean Yang Xiaokang (left) unveiled the plaque for the laboratory.

Finally, General Manager Xiang Liang elaborated on the cooperation model, direction, and future plans for the Joint Laboratory. He highlighted the company’s pioneering product, the “Albatross” SaaS Service Algorithm Platform V2.0, and jointly unveiled the plaque for the Joint Laboratory with Deputy Dean Yang Xiaokang.

The core of establishing the joint laboratory lies in industrial synergy, leveraging the Institute’s robust scientific research strengths and Shuming Technology’s reputable service platform to generate collaborative benefits where 1+1>2. By continuously expanding algorithmic and big data platforms, we facilitate the high-level integration of resources among all parties, deliver superior services to our partners, and contribute value to the positive and ethical development of the entire healthcare industry.

In Xiang Liang’s view, technology serves as the “fast track” for corporate development, and digital technology will spare no effort in making substantial investments in technological development and optimization.

Shuming Technology’s core technology consists of proprietary recommendation algorithm models developed based on theories such as federated learning, decision trees, factorization machines, deep neural networks, and k-means clustering. These models are iteratively applied within a complete business closed-loop system to achieve continuous accumulation and optimization, establishing three major competitive barriers in technology, data, and application through long-term practice.

As a key institution in China’s artificial intelligence research sector, the Research Institute has assembled a large pool of technical talent and holds a leading position in driving the advancement of cutting-edge scientific and technological research.

Therefore, the establishment of the joint laboratory will enable both parties to fully integrate their cluster advantages in the technological domain. By fostering close collaboration in the future, with a core focus on research and development, both sides will concentrate their efforts on optimizing technologies, thereby further strengthening their competitive edge in technological leadership.

The proposal of a new theory often requires effective validation through extensive practical scenarios, which is key to promoting the translation of scientific research achievements.

Xiang Liang stated, “For research teams, the most challenging issue is that when a new product or algorithm is introduced, they often find no suitable scenarios for its application. Consequently, they are unable to validate the real-world performance and feedback of the product or algorithm, making it difficult to realize its ultimate application value.”

The research institute faces similar challenges, and Shuming Technology offers an effective solution to this pain point. Leveraging its core strengths as a service-oriented approach, it injects momentum into practical application sectors by providing large-scale scenarios, thereby enabling standardized, visualized, and systematic scientific validation of novel theories, thus driving high-quality development in industrial research.

On the other hand, the dual-direction integration-driven model will also bring numerous benefits to Shuming Technology. By establishing a closed-loop structural chain, the company will continuously conduct in-depth exploration of its platform’s service and operational models during interactions. Using this as an entry point, it will complete the process of platform reshaping and optimization, thereby enabling the provision of superior services and the generation of greater value in the future, thus providing the strongest support for scientific research and development.

Innovation is the primary driver of development, while talent is the foremost resource for innovation. With continuous technological advancements and the constant renewal of frontier knowledge, industries across the board have raised their hard requirements for talent, while the demand for skilled professionals has become more intense than ever before.

This phenomenon is particularly pronounced in technology-driven enterprises that are team-centric.

Xiang Liang candidly stated, “Given the industry’s stringent requirements and high precision standards, cultivating outstanding technical talent is extremely challenging. For Shuming Technology, we are entering a critical phase of progressive deepening, which necessitates the addition of a large number of highly specialized, cutting-edge professionals to our team. However, during the recruitment process, we found that recent university graduates do not yet meet our needs. Therefore, through this collaboration, we aim to establish a ‘talent reserve pool’ for ourselves.”

Leveraging the joint laboratory as a “bridge,” Shuming Technology will provide students with a practical platform. By introducing numerous research topics of significant practical value that are closely aligned with students’ areas of study, the company aims to ground education in real-world applications, thereby broadening knowledge coverage and facilitating efficient, precise learning. This approach will help students gradually develop into high-caliber professionals who meet industry demands.

From a long-term development perspective, establishing a talent cultivation mechanism will enable Shuming Technology to build significant human resource advantages in the future. The strong consolidation of reserve talent will provide the company with sustained momentum, driving it toward high-quality development.

In the era of big data, data is predominantly scattered across various institutions in semi-structured and unstructured forms, resulting in a state characterized by fragmentation, disorganization, poor quality, and small scale. Consequently, the amount of data readily available for direct utilization remains limited; although the overall data volume has increased exponentially compared to the past, its value density remains low.

For current medical enterprises, the lack of core technologies and specialized talent often makes it difficult to identify breakthrough points for data utilization in practice. Consequently, they fail to unlock the value of data, leaving them mired in a data “quagmire” that hinders their development.

To help healthcare companies mired in difficulties quickly regain stability, Shuming Technology has developed a “service first, pay later” business model. Leveraging its platform as a catalyst, the company assists healthcare enterprises in data purification and standardized data management, thereby addressing their marketing needs on this foundation.

Guided by user supply and product characteristics, we “tailor-make” optimal marketing strategies to ensure our services precisely reach the target customer base, thereby improving market conversion rates and further highlighting the platform’s practical application value.

It is worth noting that control over data remains firmly in the hands of healthcare enterprises. The entire process is conducted within a secure and transparent environment, fully compliant with national standards. Data integration and industry-wide utilization can only be enabled upon explicit authorization from the respective enterprise.

The establishment of the joint laboratory will further expand the coverage of this service, incorporating top experts and cutting-edge technologies to ensure optimal real-world application outcomes.

In the future, Shuming Technology plans to collaborate with various healthcare enterprises on joint projects within the joint laboratory, fully meeting the development needs of the healthcare industry, removing all “stumbling blocks” hindering its progress, and accelerating companies onto the fast track of growth.

In Xiang Liang’s view, “data is the core driver of development for healthcare enterprises, and this trend will become even more pronounced in the future.”

With the rapid advancement of the times and evolving market demands, business models, service paradigms, and user expectations are becoming increasingly complex. Consequently, understanding user needs and helping them identify superior products have become urgent challenges for enterprises. Addressing these challenges is the core focus of Shuming Technology’s services and constitutes its greatest mission within the industry.

Shuming Technology has placed greater emphasis on technology-driven development, focusing on value creation rather than value extraction.

Driven by data, this approach rapidly consolidates market trends across various levels, enabling precise articulation of user needs. This empowers enterprises to develop targeted products with a forward-looking perspective. Such an operational mechanism not only boosts product market conversion rates but also secures a competitive advantage through significant cost reductions.

The future trend lies in technology-driven markets. Shuming Technology is committed to unlocking the value of data, with service as its core orientation, thereby helping enterprises address challenges in systematizing and structuring their management systems. By leveraging technological advantages to break down data silos, we aim to establish an interconnected operational value chain, provide strategic direction for enterprise development, and propel the entire healthcare sector to new heights.