Financial news
Written by: Xu Shihao
2019-12-04 20:13
Last updated: 2019-12-04 20:14The foundation of Changhe Department's founder Li Jiacheng launched the “Emergency Money” plan with a total value of 1 billion yuan, which aims to relieve the pressure of small businesses and complete the business of catering, retail, tourism, and Successful applicants from the mobile hawker industry provided a total of 900 million yuan in funding.
On the contrary, the government's "Caring and Sharing Scheme" has been applying since February, and has distributed some 4,000 yuan to some eligible people. To date, some citizens still claim that they have not received it. There is a gap in speed between the two. It turned out to be related to technology. The Li Ka-shing Foundation and Google stated that the foundation uses Google's cloud artificial intelligence to enable successful applicants to receive funding in a timely manner after submitting their applications, fully demonstrating the efficiency of using technology to deal with problems.
The Li Ka Shing Foundation announced earlier that eligible small and medium-sized restaurants can receive 60,000 yuan in "emergency money" (profile picture)
Application and review completed in a few days
The application platform only needs to be established on the 14th. Applicants upload image information such as business registration certificate, related licenses and recent photos when submitting applications on the website. The foundation uses Google Cloud Artificial Intelligence Vision AI to automatically extract from the images. And analyze relevant text, and use OCR (Optical Character Recognition Technology) technology to accurately and automatically input the identified data, saving a lot of time in processing and checking applicants' information, so that the entire application and review process can be completed in just a few days, allowing Qualifications are funded within a short period of time, so you don't have to wait for "execute".
Submit in 8 minutes
Google Cloud Hong Kong director Lucy Werner pointed out that Google Cloud Vision AI can identify the relevant text in each image in only five seconds. 60% of the applications for the "emergency money" plan are submitted through mobile phones or mobile devices. Applications are submitted within 8 minutes, so the foundation can process more than 43,000 applications in just three weeks.
Li Jiacheng Foundation spokesperson Zhang Jingru said that this cooperation with Google Cloud is showing how technology can benefit SMEs as well.
Li Ka Shing Foundation ﹕ emergency money plan benefits 27,000 SMEs and hawker operators
Li Jiacheng Foundation's emergency money can be applied for up to 60,000 yuan in the retail industry together in the second week
Donate 1 billion to support the Li Ka Shing Foundation of local SMEs: awaiting government response
Li Ka Shing Li Ka Shing Foundation Google