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Yicai Global: Siemens Healthineers' heart surgery robot gets China marketing approval
(JW Insights) Jun 16 -- Siemens Healthineers’ heart surgery robot CorPath GRX gained marketing approval in China, Yicai Global reported on June 15. China’s National Medical Product Administration announced this month that it gave the okay for Siemens Healthineers' CorPath GRX to be marketed in the country. The regulator also noted that it will tighten the product's post-marketing supervision to safeguard patients. Siemens Healthineers said last month that it had halted the use of CorPath GRX in cardiac surgery as it did not meet expectations. The firm's Chinese branch explained that the move was a strategic adjustment based on feedback from sales regions around the world, not because of any concerns about the product's safety, effectiveness, and supervision. CorPath GRX is the first surgical robot to enter the innovation green channel, a fast-track approval process introduced by the NMPA in 2016 to speed the entry of innovative medical devices into the market, The Paper reported, citing Siemens Healthineers China. “We have cooperated with the NMPA and accepted strict technical audits, inspection, and testing to fully verify the safety and effectiveness of the product despite a long review time,” the firm added. CorPath GRX was the world's first robotic-assisted platform for endovascular surgery, developed by Corindus Vascular Robotics, a US medical robots business acquired by Siemens Healthineers for $1.1 billion in 2019. Since then, it has been known as the vascular robotics division of Siemens Healthineers, said the Yicai Global report.
21:12 June 16, 2023
Canalys: China cloud service spending grows 6% in Q1 2023
(JW Insights) Jun 16 -- China’s spending on cloud infrastructure services grew 6% year-on-year in Q1 2023, reaching $7.7 billion and accounting for 12% of global cloud spend, said a Canalys estimate on June 15. Demand for cloud migration remained sluggish in China, with single-digit growth persisting for a third consecutive quarter. Chinese enterprises are cautious with IT budgets in the wake of a drop in pandemic restrictions, which reduced the need for remote work and online meetings. The slowdown in cloud consumption by existing customers and limited cloud investments from new customers resulted in slow-downed China’s cloud market growth rate, said Canalys. However, as ChatGPT sets off a wave of demand for AI, generative AI and AI Foundation Models are becoming highly sought after, and this is expected to unlock new growth opportunities in the cloud service market. Enterprises in China have shown limited enthusiasm when it comes to cloud adoption, predominantly focusing on the operational cost benefits cloud brings. A number of Chinese cloud vendors recently announced price reductions for their cloud services, with the goal of lowering the entry barrier for cloud adoption. More vendors are also starting to invest further in building cloud partner ecosystems in China. Cloud partners can help vendors cost-effectively access a wider customer base, particularly among small and medium-sized enterprises (SMEs). The leading players in China’s cloud infrastructure market maintained their market positions in Q1 2023. Alibaba Cloud, Huawei Cloud, Tencent Cloud, and Baidu AI Cloud remain as the top four vendors. Together, they accounted for 79% of total expenditure in China, with an increase of 6% year-on-year, said Canalys. While the focus on PaaS product portfolios has been increasing among many vendors since last year, China’s cloud services market is still dominated by Infrastructure-as-a-Service (IaaS). In Q1 2023, IaaS accounted for over three-quarters of the overall China cloud services market.
21:22 June 16, 2023
China plans to draft new policies to propel industrial internet development
(JW Insights) Jun 16 -- China will draft new policies to promote the development of industrial internet, a tech frontier where all major economies are scrambling to establish a beachhead, the country’s top industry regulator Ministry of Industry and Information Technology (MIIT) said on June 15, according to China Daily. The comments came as the industrial scale of China's industrial internet exceeded RMB1.2 trillion ($167.7 billion). Zhang Yunming, Vice-Minister of MIIT, said in a speech at the 2023 Industrial Internet Conference in Suzhou, eastern China’s Jiangsu Province, that industrial internet is an important cornerstone of the fourth industrial revolution, a key foundation for the deep integration of the digital economy and the real economy, and a strategic infrastructure for new industrialization. Zhang called on local governments to increase collaboration with the ministry, and strengthen policy coordination and support in funding, technology, talent and data, in order to continuously optimize the policy environment for the innovation and development of industrial internet. Facing new situations, tasks and requirements, the ministry will study new policies to promote the high-quality development of industrial internet, Zhang added. According to him, as of now, China has nurtured 240 influential industrial internet platforms, and 28 of them are cross-industry and cross-domain platforms. Moreover, the country has built a comprehensive identification and analysis system for industrial internet, which has covered 31 provincial-level regions, serving over 260,000 enterprises, said the China Daily report.
21:25 June 16, 2023
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