Chinese tech giants lead trade initiative’s’ rail technology boom
Baidu, Alibaba and Tencent apply electronics skills to ride codes, fare-payment and passenger-recognition systems for China’s booming rail infrastructure
The rail transit market, allowing China to connect with the West, is growing exponentially within the “Belt and Road Initiative” framework.
Last year, the Prague to Yiwu freight train sent mostly Czech and other European goods eastward.
The market is also drawing more attention from big-name stakeholders, such as Baidu, Alibaba (Alipay) and Tencent. Alibaba owns the South China Morning Post.
“Baidu intends to take advantage of [its] data-processing background to support the rail transit in passenger information and routing programmes, [such as] Baidu Map,” says a spokesman for Shanghai Intex Exhibition, which in November also co-hosts the 2018 Shanghai International Rail Transit Exhibition (Rail+Metro China 2018) at the Shanghai New International Expo Center.
The Shanghai Intex Exhibition highlighted China’s development of large, structured networks with independent technology and diversified systems for megacity subway systems and medium-capacity monorail services.
Mid-volume and diversified railway systems are also rapidly developing as consumer behaviour adapts to changing technology, according to the show organiser.