Recently, the Zhejiang Provincial Department of Economy and Information Technology announced the finalized list of 2024 Excellent Cases for Digital Economy Development in Zhejiang Province. FireflyFusion, the To B business arm of QuVideo, was named an excellent case in the field of industrial digitalization.
The selection of these excellent digital economy development cases aims to further implement Zhejiang’s "No.1 Development Project" for digital economy innovation and quality improvement, advance the construction of the national digital economy development pilot zone, and focus on the theme of "Striving for breakthroughs in digital economy innovation and quality improvement by keeping an eye on the new track of new-quality productive forces". With the goal of building a strong province for high-quality digital economy development, the initiative plays a demonstrative and leading role by showcasing typical cases and advanced experience.
The selection covers five domains: digital industrialization, industrial digitalization, data valorization, digital governance, and digital inclusiveness. Among them, the industrial digitalization category—for which FireflyFusion submitted its application—seeks to collect practical cases from various industries that realize technology integration and application, business model innovation, AI+ applications, enterprise cloud migration, and 5G+ industrial internet implementation. Applicant enterprises are required to have sound economic strength, as well as robust technological R&D and integrated development capabilities.
The digital economy is a "golden calling card" of Zhejiang Province, with digitalization, networking, and intelligence as its fundamental development directions. In the past two years, the technological upsurge driven by large language models has made artificial intelligence a new driving force for industrial digitalization once again. FireflyFusion was born precisely amid this new wave of AI development.
This July, as a technology and internet enterprise with 12 years of overseas operation experience, QuVideo leveraged its accumulated innovative expertise in technological reserves and localization practices to launch its brand-new ToB business, FireflyFusion. Dedicated to the cultural innovation and content e-commerce tracks, FireflyFusion aims to make "AI+" a new "oar" for Chinese enterprises going global, helping them expand overseas and open up new channels for digital service trade to reach the world.
After six months of development, all three core business segments of FireflyFusion have achieved phased results:
- The Intelligent Video Creation Solutions helped partner Honor grow its monthly active users from over 4 million to more than 9 million;
- The Short Drama Production Solutions addressed three key technical challenges in short drama translation scenarios, helping leading clients in the short drama industry such as Jiuzhou Culture and Maple Leaf Interactive reshape their translation workflows and cut manpower costs by over 90%;
- The E-Commerce Marketing Video Production Solutions launched boomcut.ai, an open platform for small and medium-sized business creators, providing features such as video translation, digital human customization, and voice cloning to meet users’ differentiated needs.
Looking ahead, FireflyFusion will join hands with more partners in the overseas expansion industry to expand "AI+ overseas application scenarios", enhance the global competitiveness of Chinese enterprises, drive innovation through practice, contribute more industrial strength to the development of "new-quality productive forces for overseas expansion", and help Zhejiang’s digital economy innovation achievements reach a new level.