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18th Asian Financial Forum officially kicks off today

Over 130 global policymakers and business leaders discuss market trends and explore investment strategies

- Themed “Powering the Next Growth Engine”, the 18th Asian Financial Forum 2025 (AFF), the region’s first major international financial and business event of the year, opened today, expecting about 3,600 global financial and business elites from over 50 countries and regions

- A distinguished line-up of speakers attended the opening session on the first day, including Zhou Ji, Executive Vice Director of the Hong Kong and Macao Affairs Office of the State Council of the People's Republic of China; Dr Pan Gongsheng, Governor of the People's Bank of China; and Liu Zhenmin, Special Envoy for Climate Change of the People's Republic of China

- Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), spoke at today’s Keynote Luncheon, dissecting how to achieve stable growth and drive rapid economic development amid a complex international environment

- The AFF brings together over 130 officials, multilateral organisation and business leaders from Mainland China, ASEAN, the Middle East, Asia, Europe and the United States to examine global dynamics and financial policies, foster global collaboration, and explore new drivers for future growth

- The luncheon on the second day will feature a keynote speech by Prof Stuart Russell, Co-chair of the World Economic Forum’s Council on AI, who will share insights on how AI could become a new engine for global economic growth

HONG KONG, Jan 13, 2025 - (ACN Newswire) – The 18th Asian Financial Forum (AFF) 2025, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). Themed “Powering the Next Growth Engine”, the two-day forum has attracted over 130 global business leaders, policymakers, financial and wealth management experts, entrepreneurs, tech giants and economists as speakers. About 3,600 financial and business elites from over 50 countries and regions are expected to gather and explore how to ignite new engines for growth in 2025 and navigate the challenges ahead.

The forum kicked off with opening remarks by John Lee, Chief Executive of the HKSAR, followed by addresses from Zhou Ji, Executive Vice Director of the Hong Kong and Macao Affairs Office of the State Council of the People's Republic of China; Dr Pan Gongsheng, Governor of the People's Bank of China; and Liu Zhenmin, Special Envoy for Climate Change of the People's Republic of China.

Welcome remarks were delivered by Dr Peter KN Lam, Chairman of the HKTDC, who said: “Future growth will be different to that of the past, as traditional growth models face resource constraints and environmental pressures. Innovations, such as AI, renewable energy, fintech developments and healthcare discoveries, have the potential to power economic growth and enrich human development for decades to come. It is timely that the theme of this year’s Asian Financial Forum, ‘Powering the Next Growth Engine’, addresses these very questions from the perspective of finance and its impacts on broader business communities. The forum will discuss how the finance industry and corporates can support the next generation of innovative businesses and industries to help them unleash their potential and drive global growth in the years ahead.”

The two-day forum presents over 40 sessions ranging from Plenary Sessions, Policy Dialogue, Keynote Luncheons and Breakfast Panel, Fireside Chats, and thematic workshops. Topics included global economic outlook, China opportunities, new markets opportunities, investment outlook, artificial intelligence (AI), fintech, sustainability, philanthropy, and more, giving participants a deeper understanding of future opportunities and insights into global economic development.

Discussion session gathers international experts to address global challenges

This year’s forum is dedicated to driving new thinking, strengthening international cooperation and trust, and addressing the global economic landscape in a challenging environment. Plenary Session I – Innovation: The Solution to Unlock the Next Growth Engines, hosted by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, brought together finance officials and multilateral organisation leaders to examine financial policies in 2025. Guest speakers included Adylbek Kasymaliev, Chairman of the Cabinet of Ministers – Head of the Presidential Administration of Kyrgyz Republic; Muhammad Aurangzeb, Federal Minister of Finance and Revenue of Pakistan; Gilles Roth, Minister of Finance of Luxembourg; and Yoshiki Takeuchi, Deputy Secretary-General, Organisation for Economic Co-operation and Development (OECD).

Plenary Session II – Collaboration: The Road to Growth and Prosperity focused on international cooperation and was also moderated by Christopher Hui. The panel speakers included Roberta Casali, Vice-President of Finance and Risk Management of the Asian Development Bank; Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB); and Satvinder Singh, Deputy Secretary-General for ASEAN Economic Community of the Association of Southeast Asian Nations (ASEAN). They explored ways to rebuild trust and deepen partnerships amid global challenges to achieve shared growth and common prosperity.

A Policy Dialogue session, Accelerating Growth through Innovation, was moderated by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority. Speakers included Bayardavaa Bayarsaikhan, Director General of the Monetary Policy Department of the Bank of Mongolia; Philip Lane, Chief Economist and Member of Executive Board of the European Central Bank; Rogelio V. Quevedo, Commissioner of Securities and Exchange Commission of the Philippines; and Dr Olli Rehn, Governor of the Bank of Finland. They exchanged valuable insights on issues such as global monetary policy trends and the impact of geopolitical factors on markets, helping businesses and organisations better navigate uncertainty and explore new opportunities for collaboration and growth.

High calibre economists discuss economic growth strategies at today’s Keynote Luncheon 

Paul Chan, Financial Secretary of the HKSAR Government, gave his welcome remarks at today’s Keynote Luncheon. Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), delivered a keynote speech that addressed strategies for achieving stable economic growth. A dialogue session was moderated by Prof Richard Wong, Philip Wong Kennedy Wong Professor in Political Economy and Provost and Deputy Vice-Chancellor of the University of Hong Kong.

Exploring the global outlook, opportunities in China and avenues for cooperation

One of the highlights of the afternoon session, the Global Economic Outlook discussion, was kicked off by Liu Haoling, Vice Chairman and President and Chief Investment Officer of the China Investment Corporation with a special address. The panel discussion was moderated by Victor Chu, Chairman and Chief Executive Officer of First Eastern Investment Group, with speakers including Ernesto Torres Cantú, Member of Executive Management Team and Head of International of Citi; Bonnie Y Chan, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited; J Christopher Donahue, President and Chief Executive Officer of Federated Hermes, Inc; Antoine Gosset-Grainville, Chairman of the Board of Directors of AXA; and Dr Fred Hu, Founder and Chairman of Primavera Capital Group. The participants shared valuable insights on the drivers for global economic growth.

Another well-received panel discussion at last year’s AFF, the China Opportunities session, was joined by some heavyweight speakers, including Charles Li, Founder and Chairman, Micro Connect; Li Yimei, Chief Executive Officer of China Asset Management; Ken Wong, Executive Vice President of Lenovo and President of Lenovo Solutions and Services Group; and Wilson Zhang, Managing Director, Global Executive Head of Equities, China International Capital Corporation Limited. They delved into the potential of the Chinese market and investment prospects under the country’s commitment to technological innovation.

The green economy and sustainable development are among the key topics at this year’s forum. Corporates worldwide are actively undergoing a green transformation as regulators introduce relevant policies. The International Sustainability Standards Board (ISSB) published its first international sustainability disclosure standards, providing clear guidance for the green transition and sustainable development of corporates. In the meantime, corporates in Hong Kong will fully align the ISSB's sustainability disclosure standards from this year. Sue Lloyd, Vice Chair of the ISSB, will join other speakers to share the latest progress in sustainability reporting standards.

Meanwhile, the HKTDC with AFF Knowledge Partner EY jointly conducted a survey exploring the perspectives and practices of Asian corporations and investors with regard to readiness to sustainability reporting, sustainable finance and climate change. The survey results were released today. Jack Chan, EY China Chairman and EY Greater China Regional Managing Partner, said the survey shared that an increasing number of businesses and investors are considering integrating sustainability into their operations, but barriers persist due to the lack of clearly defined frameworks and accessible resources. The survey also offers actionable insights and recommendations for companies looking to embark on a path toward sustainable development.

Global investment matchmaking and diverse exhibition zones

As one of the highlights of the forum, AFF Deal-making continues to offer an efficient one-on-one matching platform to project owners and investors. This year it has attracted over 270 investors and over 560 investment projects, covering a wide spectrum of sectors such as environment, energy and environmental technology, food and agritech, health tech, fintech, and deep tech. The Deal-making session helps foster active global collaboration and generate new business opportunities.

Diverse exhibition zones foster innovation and cross-border collaboration

This year's AFF exhibition attracted over 140 fintech companies, start-ups and investment promotion agencies from around the world that are striving to stage an innovative and investment-driven grand financial event.

A variety of exhibition zones are featured, including the Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone. The InnoVenture Salon offered a platform for over 100 start-ups to showcase the application of innovative technologies across different sectors, of which the Fintech HK Startup Salon has brought together over 60 fintech start-ups, featuring cutting-edge solutions from 22 countries and regions and helping to highlight Hong Kong's potential as a powerhouse for innovation and technology. The Global Investment Zone connects participants with business opportunities from different countries and regions.

Sharing advanced insights into exploring emerging markets

The session tomorrow offers a wide array of topics, including an exploration of the impact of AI on the financial industry. Prof Stuart Russell, Co-chair of the World Economic Forum’s Council on AI, and Dr Kai-Fu Lee, Chairman of Sinovation Ventures, will deliver remarks at the Keynote Luncheon and Dialogues for Tomorrow respectively, exploring the development and opportunities that AI offers for the future of workforce, investors and businesses from different perspectives.

The Forum and the Gulf Cooperation Council (GCC) co-host the Gulf Cooperation Council Chapter tomorrow, making its debut this year. Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, and Jasem Mohamed AlBudaiwi, Secretary General of the Cooperation Council for the Arab States of the Gulf, will deliver keynote remarks. Financial officials and representatives of financial institutions from Oman, Qatar, Saudi Arabia and the United Arab Emirates will join industry leaders from Hong Kong to discuss the economic development of Gulf countries and the potential for financial cooperation with Hong Kong.

Additionally, the CIO Insights session, moderated by Albert Goh, Chief Investment Officer (External Managers), Exchange Fund Investment Office, Hong Kong Monetary Authority, panelists will share their views on asset allocation plans, maintaining investment convictions, and the opportunities emerging across the wider region and beyond. The session will bring together representatives from internationally renowned large corporations and family office, including Vincent Mortier, Group Chief Investment Officer of Amundi; Bei Saville, Chief Investment Officer, Treasury and Fingerboard Family Office, Advance; Manraj Sekhon, Chief Investment Officer of Templeton Global Investments; and Alexandra Wilson-Elizondo, Partner, Managing Director, and Co-Chief Investment Officer of Multi-Asset Solutions of Goldman Sachs Asset Management.

With environmental, social and governance (ESG) now playing a larger role in the development of businesses, Asia needs to look at achieving the goals set by the Paris Agreement over the next 30 years. COP29 this year have reinforced the global trend towards a green and low-carbon transition. In a session titled Dialogues for Tomorrow – Asia Dialogue on Post COP29 Implementation: Enhance Climate Ambition and Enable Financing Action, Liu Zhenmin, Special Envoy for Climate Change of the People's Republic of China, will explore innovative financing mechanisms and collaboration opportunities with several leading experts to advance climate initiatives, as well as strategies to strengthen commitments and cooperation on climate goals. Additionally, Joe Tsai, Chairman of the Alibaba Group, will join the Global Spectrum session analysed the role of corporate social responsibility and philanthropy in supporting start-ups and social enterprises from a macro perspective.

For the latest edition of the AFF, the event has collaborated with several organisations to offer special discounts and privileges for travel, dining and shopping, encouraging participants to make the most of their stay in Hong Kong and experience the city’s vitality. Activities offered to visitors include the Peak Tram and Sky Terrace experience, the Aqua Luna Victoria Harbour Cruise, visits to Man Mo Temple and Tai Kwun, dining discounts in Lan Kwai Fong, access to the Winter Wonderland at Happy Valley Racecourse’s Happy Wednesday, and a dining discount provided by Lei Garden. The goal is to give overseas participants a deeper understanding of Hong Kong, promote the conference and mega event economy, and tell positive stories about the city.

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Websites

- Asian Financial Forum: https://www.asianfinancialforum.com/conference/aff/en - Programme: https://www.asianfinancialforum.com/conference/aff/en/programme - Speaker list: https://www.asianfinancialforum.com/conference/aff/en/speaker

Media enquiries

Yuan Tung Financial Relations:

Agnes Yiu

Tel: (852) 3428 5690

Email: ayiu@yuantung.com.hk

Louise Song

Tel: (852) 3428 5691

Email: lsong@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:

Clayton Lauw

Tel: (852) 2584 4472

Email: clayton.y.lauw@hktdc.org

Katy Wong

Tel: (852) 2584 4524

Email: katy.ky.wong@hktdc.org

HKTDC Media Room: https://mediaroom.hktdc.com/en

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

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Microware and GAREA TECH collaborate to focus on the digital transformation of primary healthcare in Hong Kong

HONG KONG, Jan 13, 2025 - (ACN Newswire) – As the wave of digital and intelligent transformation sweeps the world, Artificial Intelligence (AI) technology, as a core driving force behind the new round of technological innovation, is gradually becoming the focus of the healthcare industry.

Recently, Microware Group Limited ("Microware", HKEX: 1985.HK,) and GAREA TECH announced the establishment of a strategic partnership. Both parties will work together, leverage their extensive expertise in healthcare and technology to advance the application of AI in medical practice. Together, they are committed to elevating the precision and quality of healthcare services to new heights, benefiting patients worldwide.

As one of the leaders in Hong Kong's IT industry, Microware has been established for 40 years, serving 2,000 + clients per annum; 60% of the top 100 listed companies in Hong Kong; and providing services to 80 government units. In recent years, Microware has continuously increased its investment in AI solutions and infrastructure research and development. It has independently developed a new generation of enterprise AI productivity platform, dedicating itself to the deep integration of AI, 5G, big data and Internet of Things technologies, and innovatively applying to smart education, smart medical care, smart government and smart manufacturing.

GAREA TECH, on the other hand, is a global leader in providing comprehensive digital healthcare solutions, dedicated to the digital transformation of primary healthcare and the innovation of smart health services. The company has launched the first intelligent general practitioner equipment and has promoted the "Primary Healthcare Service System" in multiple countries and regions worldwide. The collaboration between the two parties will focus on achieving the deep integration of AI and healthcare, offering an integrated smart healthcare solution for the Hong Kong medical market. This solution includes an all-in-one general practitioner workstation, case translation, multilingual real-time speech transcription, multilingual real-time translation, medical record generation, personalized medical databases, and efficient AI consultation tools. In the future, these products will be fully implemented in multiple hospitals and clinics in Hong Kong. Through this collaboration, Microware and GAREA TECH will leverage their cutting-edge technology resources and innovation capabilities to provide more convenient, efficient, and personalized medical services, jointly building a new AI healthcare ecosystem in Hong Kong.

AI + Healthcare: Collaborative Innovation to Meet the Urgent Needs of Healthcare Service Reform

Hong Kong's healthcare system enjoys a global reputation for high efficiency. The average life expectancy of its residents ranks among the highest in the world - 80 years old for men and 86 years old for women. In terms of economic investment, Hong Kong allocates about 6% of its GDP in healthcare, which is relatively low by global standard. Despite this, it can maintain a high level of healthcare service quality and residents' health indicators, showing the efficiency and cost-effectiveness of its medical system.

However, in-depth analysis shows that with the acceleration of population aging and the surge in the number of patients with chronic diseases, Hong Kong's current medical system is facing unprecedented challenges. According to the data of the Census and Statistics Department of the Hong Kong SAR Government, the population aged 65 and above accounts for 20.8% of the total population in 2022, and it is expected to rise to 31% by 2039. In 2020/21, the population suffering from chronic diseases will be 31%, about 2.2 million, of which the population aged 65 and above accounts for 47%. The changes in population structure have prompted Hong Kong's primary healthcare system to accelerate the reform of medical service models to meet the increasingly high demand for medical services.

Confronted with numerous challenges within Hong Kong's healthcare system, the imperative for the integration and innovative deployment of AI technology has become exceedingly pressing. The AI solutions of Microware can cover more than 20 physical examination projects and complete the detection of more than 100 health indicators. Its self-developed new generation enterprise AI productivity platform, Microcraft, provides out-of-the-box AI applications including knowledge center, multilingual real-time speech transcription, multilingual real-time speech translation, complex document analysis and translation, and AI question and answering. It can not only significantly improve the quality and accessibility of medical services, but can also provide patients with more personalized and precise treatment plans. By utilizing advanced AI algorithms and big data analysis capabilities, it aims to improve overall healthcare efficiency and patient experience. In addition, relying on the significant advantages of GAREA TECH in communication technology, integrated application fields, etc., this cooperation will significantly accelerate the innovative transformation of Hong Kong's primary healthcare service model, and promote its entry into the forefront of digital and intelligent healthcare development.

Policy Directive: Harnessing AI to Forge a Pioneering Healthcare Ecosystem in Hong Kong

Market growth driven by social needs, coupled with the proactive guidance of policies, has created a powerful synergy that has jointly promoting the popularization and rapid development of AI in the medical industry. In the "2022-2027 Strategic Plan" released by the Hong Kong Hospital Authority, it is clearly proposed that smart medical care should be one of the core directions of future medical development. As the country continues to deepen "smart medical care", AI has become an important driving force for innovation in the medical industry.

Additionally, the recently issued "Primary Healthcare Blueprint" by the Hong Kong SAR marks a significant step forward towards smart healthcare. The plan outlines the goals for strengthening Hong Kong's primary healthcare system, focusing on five key areas: building a robust primary healthcare framework, enhancing healthcare management at the grassroots level, integrating resources, strengthening the training of primary healthcare workers, and improving data exchange and health monitoring systems. This initiative aims to address the challenges posed by the aging population and the increasing incidence of chronic diseases.

The launch of this policy not only underscores Hong Kong's commitment to improving public health and quality of life, but also provides a strong policy foundation for the development and application of AI technology in the healthcare sector.

In this critical period when artificial intelligence is profoundly transforming the healthcare industry, the collaboration between Microware and GAREA TECH comes at an opportune moment. It not only represents a proactive response to these policies but also signals the arrival of a new era of comprehensive smart healthcare development in Hong Kong’s primary healthcare system.

The Prospects of The Smart Healthcare Industry are Vast: A Powerful Partnership Deepening Market Expansion

With the continuous maturity of AI technology and strong support from the policy level, the market of China's smart healthcare industry has shown a rapid growth trend. The latest "2022-2027 China smart healthcare industry development trend and investment risk research report" released by ASKCI Institute shows that with the advancement of science and technology and the improvement of people's health awareness, smart medical care is gradually becoming an important part of the medical system.

In the past few years, China's smart healthcare industry has experienced unprecedented rapid growth. In 2023, the market size has reached an astonishing CNY 6.29 billion, showing a strong upward momentum. From 2019 to 2023, the average annual compound growth rate is as high as 53.37%, which fully reflects the vigorous development trend of China's smart medical industry. According to the forecast, by 2024, China's smart medical industry market will further grow to CNY 11.14 billion. This expectation not only reveals the urgent expectation of the current medical industry for digital transformation, but also shows its huge development potential and market prospects.

Simultaneously, deep investment in technology research and development is pivotal to sustaining a competitive edge within the industry. With its breakthrough progress in multilingual real-time speech recognition and translation technology, Microware can support the real-time transcription and translation of Cantonese, Mandarin and English, and the analysis and translation of complex documents, which greatly meets the needs of patients in Hong Kong and other multilingual environments. At present, Microware’s equipment has been deployed by 130 clinics, with the goal of covering 3,000 clinics. This not only provides unprecedented convenience for primary healthcare services in Hong Kong, but also promotes the group's long-term strategic planning and layout in the medical field, injecting new impetus into the sustainable development of the industry.

Moreover, as the collaboration between both parties deepens, the development of AI technology in the healthcare sector is bound to drive the collaborative growth of the related industry chain, including areas such as medical device manufacturing, software development, and data analysis. The penetration of these technologies will undoubtedly bring innovative opportunities to the healthcare industry, opening new avenues for business value.

Guided by the light of technology, the collaboration between Microware and GAREA TECH marks not only an important milestone in the application of AI in Hong Kong's primary healthcare sector but also a bold exploration of the intelligent transformation of the healthcare industry. Looking ahead, both parties will integrate their multifaceted resources to jointly promote the development of smart healthcare. Through the construction of an intelligent development framework, they will provide a new paradigm for the innovation of healthcare service models in Hong Kong and around the world, leading us into a new era of more intelligent and efficient healthcare services.

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Viomi Unveils at CES 2025, Leading Innovation in Water Purification Technology

HONG KONG, Jan 10, 2025 - (ACN Newswire) – On January 7, 2025, the four-day International Consumer Electronics Show (CES 2025) was grandly held in Las Vegas. As a bellwether for technological innovation, CES serves not only as a platform to display the latest technological achievements but also as an essential window into future technological trends.

Vortex 8's Stunning Showcase Highlights the Limitless Potential of Water Purification Technology

Viomi Technology Co., Ltd. (“Viomi,”, “the Company”, NASDAQ: VIOT) made its grand entrance at CES 2025 with its new product, the Vortex 8. This launch not only highlights the Company’s cutting-edge position in water purification technology but also showcases its deep commitment to sustainability and relentless pursuit of innovation.

Viomi’s booth featured two flagship products: the Kunlun Mineral Water Purifier and the Vortex 8. Both products are equipped with RO filtration technology, which leverages its precision of 0.0001 microns to effectively remove harmful pollutants such as PFOA, PFOS, viruses, heavy metals, and microplastics. Additionally, the systems significantly lower the Total Dissolved Solids (TDS) levels, providing consumers with pure and safe drinking water. With an efficient 3:1 wastewater ratio and a 4-year long-life filter design, these products not only improve filtration efficiency but also significantly reduce water wastage and replacement costs. This marks a major breakthrough for Viomi in the field of home water health. Vortex 8 had previously gained strong support on Kickstarter, raising over HKD 450,000 from nearly 200 backers, exceeding expectations by 1,200%. Following its launch on Amazon, it has also received enthusiastic feedback from consumers. Users commonly praise the Vortex 8 for its ability to effectively conserve water, ease of installation, and high marks for its RO filtration technology.

Furthermore, the Viomi Kunlun Mineral Water Purifier offers a unique experience, featuring the ability to release six vital minerals. This provides users seeking a high-quality, healthy lifestyle with a drinking water solution enriched with beneficial minerals, redefining the standards and possibilities for modern household health water. The Kunlun Mineral Water Purifier's filter core is sourced from Kunlun Mountain’s blue stone mineral deposits. Through two industry-first innovations—NLS natural lava physical composite technology and SMM mineral micropore passivation—along with AI mineral slow-release algorithms, it intelligently adjusts the system for stable and efficient mineral release from the filter core. The water filtered by the Kunlun system contains six beneficial minerals—strontium, sodium, magnesium, potassium, calcium, and metasilicic acid—similar to the mineral content found in natural mineral waters. Among these, strontium levels reach 0.4-1.4 mg/L, which is twice the national standard (0.2 mg/L), enabling users to enjoy high-quality Kunlun mineral water containing strontium and metasilicic acid right at home.

Viomi’s Founder and CEO, Chen Xiaoping, remarked: “Vortex 8 is more than just a water purifier; it is an enhancement of everyday living. With its exceptional performance, long-lasting durability, and environmentally friendly design, it epitomizes our commitment to providing cleaner and better water to every household.”

Showcasing China’s Innovation: Viomi Establishes a New Standard in the Water Filtration Industry

As Chinese companies continue to enhance their technological capabilities and product quality, they are progressively establishing strong brand identities through sustained investment in R&D and active market expansion. As a result, Chinese enterprises are emerging as key players on the global stage. In recent years, the water purifier industry has experienced positive growth, driven by policy guidance, increasing market demand, and technological advancements. The Chinese government has introduced a series of policies aimed at promoting the development of energy-efficient and environmentally friendly water purification products, aligning with the country’s long-term goal of achieving carbon peak by 2030. The State Council’s “Water Conservation Regulations” have also proposed an innovative approach to water management, emphasizing the importance of water conservation and addressing water resource issues within the broader framework of modernization. These policies are not only driving the upgrade of water purifier products but also creating a favorable development environment for the industry. As consumer awareness of water safety continues to rise, the demand for water purification products in China is expected to grow, presenting significant market potential. According to the China Forward Industry Research Institute, the Chinese water purifier market is projected to grow at an annual rate of nearly 9%, potentially exceeding 30 billion RMB by 2028. Meanwhile, the U.S. water filtration market is also experiencing steady growth, with a projected market size of $10.4 billion by 2032. According to a report from the nonprofit organization DigDeep, 2.2 million people in the U.S. lack access to basic indoor plumbing and tap water, and over 44 million people rely on substandard water systems, highlighting the critical role of water purifiers.

As a leader in the water purification industry, Viomi is spearheading technological advancements with its “AI for Better Water” smart purification technology. Viomi’s ERO+AI technology enables real-time water quality adjustment and monitoring while retaining beneficial minerals in the water. In 2024, Viomi underwent a strategic business reorganization, divesting from certain loss-making operations to focus exclusively on its core water purification business. By leveraging its extensive expertise in AI, smart hardware, and software development, Viomi is committed to providing superior drinking water solutions for households worldwide. As a pioneer in the global water filtration industry, Viomi has applied for over 1,600 water purification patents and more than 500 invention patents, dedicated to advancing water purification standards through advanced reverse osmosis systems and intelligent filtration technologies.

Viomi’s product lineup spans from under-sink RO systems to comprehensive whole-house softening and purification solutions, as well as countertop models, offering a wide variety of choices for different household needs. These products cater to water requirements in various settings, including living rooms, bedrooms, and studies, while also enhancing both aesthetic appeal and practicality through user-centric designs and environmentally friendly materials. Viomi’s commitment to innovation and market strategy has positioned the company as a driving force in the industry’s shift towards smarter, healthier water solutions. Moreover, Viomi operates a state-of-the-art “Water Purifier Gigafactory,” with an annual production capacity of 5 million units and a filter element capacity of 30 million units. This highly integrated supply chain and automated production line ensure top-tier product quality and operational efficiency. The factory’s high-standard, clean production environment, along with a fully traceable quality control system, solidifies Viomi’s dominant position in the industry. Through these advantages, Viomi is not only meeting the growing global demand for clean, fresh, and healthy drinking water but also setting a new benchmark for sustainable development in the water filtration sector.

Financial Outlook

From a financial perspective, Viomi is optimistic about its full-year 2024 performance, with expected revenues from continuing operations projected to be between 1.7 billion and 1.9 billion RMB. The Company anticipates profits from these operations to range between 110 million and 130 million RMB. This positive outlook is closely tied to the company’s strategic business reorganization completed in August 2024, which involved divesting certain IoT@Home businesses and assets in order to concentrate on its core water purification operations. This restructuring initiative aims to optimize the company’s business structure, enhance operational efficiency, and focus on R&D and innovation in the water purification field. For the first half of 2024, Viomi reported net revenues of 1.04 billion RMB, with net profit attributable to ordinary shareholders reaching 6 million RMB, marking a successful turnaround. Excluding the divested businesses, revenue from core water purification and related services exceeded 800 million RMB, with operating profit surpassing 50 million RMB. The Company’s overall gross margin increased from 22.0% in the previous year to 24.8%, while operating expenses decreased by 19.2% year-on-year, driven by continuous cost-reduction and efficiency-improvement efforts. Viomi’s strategic focus on its core business not only enhances its profitability but also strengthens investor confidence in the company’s future. With continued investments in the water purification sector, Viomi is well-positioned to maintain growth throughout the second half of the year, achieving its annual performance goals.

At CES 2025, Viomi showcased its industry leadership with the Vortex 8’s innovative filtration technology and versatile applications, marking a significant milestone in the Company’s technological progress. This development underscores the rise of Chinese technology on the global stage and injects new momentum into the pursuit of a better future. As technology continues to evolve and expand globally, we have every reason to expect that more Chinese companies, like Viomi, will emerge to offer groundbreaking innovations and transformative solutions to global consumers.

About VIOMI

VIOMI is a NASDAQ-listed company, dedicated to advancing water purification technology under its vision of “AI For Better Water”. With over a decade of experience in creating smart home solutions, VIOMI has redefined the standards for water purification through its advanced reverse osmosis systems and intelligent filtration technologies. With a state-of-the-art, 100,000-square-meter factory and fully automated production lines, VIOMI continues to push the boundaries of innovation in the water industry. VIOMI’s mission is to make clean, pure, and sustainable water accessible to homes everywhere. Having secured over 4,000 patents and global recognition, VIOMI leads the water filtration industry while focusing on improving global access to safe, clean drinking water.

For enquiry, please contact Intelligent Joy Limited:

Rosanne Ren Phone：（852）3594 6407 Email：pr-team@intelligentjoy.com

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Galaxy Payroll: Driving Innovation in Human Resources Management

HONG KONG, Jan 10, 2025 - (ACN Newswire) – In today’s globalized business environment, companies face intense competition and the constant need to optimize internal processes to enhance efficiency. As a leading provider of business consulting and Employer of Record (EOR) services, Galaxy Payroll Group Limited ("Galaxy Payroll Group" or "Galaxy Payroll," NASDAQ: GLXG) has gained worldwide recognition for its professional services and innovative solutions. Among its offerings, Galaxy Payroll and its Human Resource Information System (HRIS) software stand out as invaluable tools for enterprises in managing human resources. This article provides an analytical perspective on Galaxy Payroll’s contributions and their implications for the evolving payroll outsourcing industry.

Payroll Outsourcing Market: Trends and Growth Potential

The "Payroll Outsourcing Market Report and Forecast 2024-2032" highlights that the global payroll outsourcing market reached a valuation of USD 10.36 billion in 2023. Driven by the demand for efficient payroll management solutions and the growing trend of business process outsourcing, the market is expected to grow at a (CAGR) of 6% between 2024 and 2032, reaching USD 17.59 billion by 2032. Key growth drivers include rising payroll complexity, regulatory compliance requirements, and the need for cost-effective solutions, encouraging businesses to outsource payroll to specialized providers for greater efficiency and accuracy.

The report underscores the impact of technological advancements, such as AI, automation, and cloud-based platforms, which enhance payroll processing. Globalization and industry-specific challenges in retail, e-commerce, and IT sectors further propel market expansion, as businesses seek scalable, compliant, and efficient payroll solutions. This trend positions payroll outsourcing providers as essential partners in enabling businesses to streamline operations and achieve strategic goals.

Galaxy Payroll: Pioneering Human Resources Solutions

Galaxy Payroll specializes in providing one-stop human resources management solutions. With extensive experience, the company offers tailored services in payroll processing, human resources management, recruitment, employee benefits, tax compliance, and more. By leveraging efficient process management and advanced technologies, Galaxy Payroll helps businesses reduce operational costs, enhance employee satisfaction, and improve overall competitiveness. 

Recently, Galaxy Payroll Group announced a strategic collaboration with Omni HR, an all-in-one HR management software provider. This partnership aims to redefine employee management by combining Omni HR’s capabilities in supporting the end-to-end employee lifecycle with Galaxy Payroll’s expertise in payroll and HR solutions. Omni HR enables businesses to hire, onboard, manage, and pay employees across Asia and beyond with just a few clicks. By integrating with Omni HR, Galaxy Payroll offers clients enhanced tools to streamline administrative tasks, freeing up valuable time for strategic initiatives and meaningful interactions.

Technological Advancements in HRIS

Galaxy Payroll’s HRIS software exemplifies technological advancement by supporting high levels of customization, allowing businesses to configure the platform to meet specific needs. Whether managing payroll, recruitment, training, or performance evaluations, the HRIS provides personalized solutions for diverse requirements. The software integrates various aspects of human resources management on a unified platform, enabling businesses to manage employee information, payroll, attendance, and performance seamlessly. This integration avoids duplicate data entry, enhances accuracy, and boosts operational efficiency.

Advanced automation technologies embedded in the HRIS efficiently handle large volumes of data. Intelligent algorithms automate payroll calculations, report generation, and resource forecasting, significantly reducing manual intervention and operational costs. The HRIS software also assists organizations in maintaining compliance with labor laws, regulations, and internal policies. By accurately managing employee hours, wages, benefits, and tax withholdings, it reduces the risk of legal penalties and financial liabilities, particularly in payroll and EOR responsibilities.

Industry Influence of Galaxy Payroll

Galaxy Payroll’s solutions optimize human resources management processes, reduce operating costs, and improve corporate competitiveness. These offerings allow businesses to focus on strategic goals while ensuring efficient administrative operations. The company’s commitment to innovation is evident in its integration of advanced technologies and management concepts, setting new benchmarks in human resources management. The HRIS software, in particular, offers cutting-edge tools that redefine efficiency and accuracy in human resources practices. With its EOR services and HRIS software, Galaxy Payroll facilitates seamless human resources management across borders, fostering global business cooperation and communication.

Future Outlook

Galaxy Payroll Group and its HRIS software hold significant industry advantages and influence. By providing efficient management solutions and technological tools, the company helps businesses enhance efficiency and competitiveness. As human resources management continues to evolve, Galaxy Payroll is poised to play a pivotal role in driving innovation and creating value for enterprises globally. In summary, Galaxy Payroll Group not only offers advanced human resources management tools but also contributes to industry development and innovation. Its leading position and high-quality services are expected to benefit more businesses in the future, setting a standard for excellence in human resources management.

[acn-newswire]

Where is the next Chinese drug that will make MNCs compete to grab orders?

HONG KONG, Jan 9, 2025 - (ACN Newswire) – The trading of TCE (T Cell Engager) bispecific antibodies remains hot, and multinational pharmaceutical companies (MNCs) are still placing orders frantically.

Recently, Candid Therapeutics, an American pharmaceutical company focusing on the field of autoimmunity, announced three R&D cooperation transactions on TCE bispecific antibodies with a total potential transaction amount of over $1.32 billion, equivalent to nearly RMB 10 billion at one time. All the transaction parties are Chinese companies.

What is more noteworthy is that Candid just announced a round A financing of over $370 million three months ago,. The company’s two core products are TCE bispecific antibodies, both from China Biotech.

In fact, from Merck's $1.3 billion deal to GSK's $850 million investment, the "gold content" of Chinese companies' self-developed TCE bispecific antibodies has already been well proven. The new moves by Candid Therapeutics indicate that the opportunities for TCE bispecific antibodies in the autoimmune field are far from over. The rush to register "Initial Seeds" by domestic and foreign companies and even capital is directly tied to the future competition landscape of "big drugs" in the autoimmune field. The rush by domestic and international companies, as well as capital, to secure early-stage "seedlings" is directly tied to the future competitive landscape for blockbuster drugs in the autoimmune sector.

According to incomplete statistics, from the perspective of clinical trial progress, YK012 (targeting CD19/CD3) of Excyte Biopharma Ltd. (Hereinafter referred to as Excyte), a Chinese company, is ahead of the same target drugs. Public information shows that the company focuses on the research and development of innovative new bispecific and multifunctional antibody new drugs including TCE. Its autoimmune indication was approved for clinical trials in China in December 2024, and the FIH (first in human) will be enrolled in early March this year. The US Pre-IND application was officially accepted by the FDA in November 2024, therefore clinical trial approval anticipated in April this year. Due to the adoption of international multi-center clinical research strategy, the clinical development speed is expected to accelerate significantly. Overall, the progress of autoimmune indication development is in the first echelon globally.

(1) Phase I clinical trial is in progress, showing the advantages of efficacy, safety, and long half-life, also low-cost CMC

Globally, the first TCE bispecific antibody that was successfully commercialized can be traced back to 10 years ago. To this day, TCE bispecific antibodies in the clinical stage of Chinese biotech are still frequently "raised" by MNCs. This is because the "blockbuster" era of this type of drug has arrived, with therapeutic potential far exceeding expectations. They are advancing from the last-line treatment to the first and second-line treatment breakthroughs. For example, AstraZeneca's AZD0486, intended to be used for relapsed and refractory follicular non-Hodgkin's lymphoma, is making strides from the last-line treatment to the first and second-line treatment impact, with an estimated annual sales peak of about $5 billion. Moreover, these drugs are expanding beyond the field of tumors into the field of autoimmune diseases, where there are significant unmet clinical needs across dozens of autoimmune conditions, representing a market potentially worth hundreds of billions of dollars.

Among the TCE bispecific antibodies currently under development in China, YK012 from Excyte is a "seed player" that cannot be ignored. YK012 is the product with the greatest potential to become a BIC (best in class) product among competing products.

Currently, there are 6 indications for YK012 disclosed on the official website, among which the Phase I clinical trial for non-Hodgkin's tumor (NHL) and the Phase Ib/II clinical trial for acute lymphoblastic leukemia (ALL) are progressing the fastest.

According to the latest news, the POC (Proof of Concept) on effectiveness of these two indications has been achieved, with multiple cases of sustained complete remission reported. Specifically, in the Phase I clinical trial of NHL, after a patient with transformed follicular lymphoma (FL) received a cycle of drug treatment for tumor evaluation, the PET-CT results showed that 5 tumors in the patient's body had completely disappeared, and the disease was completely relieved. After the second cycle of drug treatment, the patient's tumor evaluation was still in complete remission (CR), with remission sustained for two cycles.

In the Phase Ib/II clinical trial of YK012 for the treatment of ALL, several patients have been enrolled and treated, including relapsed and refractory high-load severe patients. The proportion of blasts in the bone marrow before drug administration was as high as 81.6%. After receiving a cycle of drug treatment, the proportion of blasts dropped to less than 5%, achieving complete remission, which was sustained into the second treatment cycle. Remarkably, the patient achieving complete remission received a dose of only 5 μg/kg, a significantly lower effective dose compared to competing products. Similarly, the first NHL patient who achieved complete remission after receiving YK012 treatment was administrated with a dose of 20μg/kg, which is also significantly lower than the effective dose of the competing product under development. These findings suggest that YK012 may have best effectiveness among competing products.

In addition, YK012 has demonstrated good clinical safety. In the two clinical trials mentioned above, patients exhibited excellent tolerability, with all adverse reactions fully resolving within 48 hours. The severity of cytokine release syndrome and neurotoxicity was controlled at level 2 or below. The long half-life of the drug has been confirmed and is expected to be developed into a low-frequency dosing drug. Furthermore, YK012 features an elegantly simple, symmetrical molecular structure, making its CMC process straightforward and offering significant low-cost advantages.

(2) Leading in autoimmune R&D progress, with two complementary TCE assets that are unique in the industry

Excyte is dedicated to developing drugs with global value and competitiveness. The company is based on a global layout, with its R&D headquarters in Beijing, a wholly-owned R&D subsidiary in the United States, and a commercial production facility in Changchun that meets Chinese and U.S. GMP standards. This setup provides a full-chain advantage in technology and manufacturing, from R&D to commercial production.

When co-founders Meng Qingwu and Yuan Qingan founded Excyte, they had a clear prediction that immunotherapy would become a critical option for future disease treatment, particularly for autoimmune diseases.

As early as 2022, Excyte’s research team developed B cell depletion therapy (BCDT) drugs with a focus on their advantages in treating autoimmune diseases. They began to deploy autoimmune diseases such as primary membranous nephropathy (PMN) and systemic lupus erythematosus (SLE), fully promoting global clinical trials and using this as entry points to expand into more autoimmune disease areas. According to the latest updates, the YK012 indication for membranous nephropathy has been approved for Phase I clinical trials in December last year, making it the world's first CD3/CD19 bispecific antibody drug approved for the treatment of membranous nephropathy. Its SLE indication is approved in January this year in China, positioning it among the global frontrunners in this field.

In terms of therapeutic potential, in August this year, Excyte published a paper titled "Targeting CD19 for the Treatment of Autoimmune with a Novel T Cell Engager" in the British Biomedical Bulletin. The study revealed that YK012 can eliminate peripheral blood and spleen B cells in a dose-dependent manner and alleviate arthritis symptoms in a mouse CIA model. This demonstrates its potential to treat B cell-mediated human diseases, including autoimmune disorders, with expectations of better efficacy and fewer side effects in clinical practice.

In addition, the two disclosed indications of YKST02 (targeting BCMA/CD3), Excyte’s second bispecific antibody product, includes an autoimmune disease - immunoglobulin A nephropathy (IgAN). The company has already initiated Chinese clinical applications for this indication. According to available information, in addition to IgAN, there is another tumor indication, relapsed/refractory multiple myeloma (MM), which is currently in Phase Ia clinical trials. At a 3 mg dose, partial response (PR) was observed in the first dosing cycle, and no adverse reactions occurred at doses of 6 mg or lower, indicating its potential as a "best-in-class" therapy.

Meanwhile, the combination of YK012 and YKST02 can be developed as more effective treatment involved in all stages of B-cell related disease. As two TCE bispecific antibodies with complementary effects, they hold the potential to achieve optimal clinical efficacy through combination or sequential therapy.

Specifically, CD19, a target of YK012, is a biomarker of B cells. It is expressed from the Pro-B cell stage to the late plasmablast stage but is low or not expressed at the plasma cell stage. On the other hand, BCMA, a target of YKST02, is primarily expressed in mature B lymphocytes and plasma cells, covering the plasma cell development stage. Therefore, the combination of YK012 and YKST02 can span the entire spectrum of B-cell and plasma cell development, leading to abnormal B cell and plasma cell depletion. This makes them a pair of highly rare and valuable TCE assets on a global scale.

Beyond these two drugs, Excyte is also advancing the development of multiple pipeline products, including bispecific and trispecific antibodies for solid tumors, all progressing in an orderly manner.

(3) B round financing and overseas BD are in progress, with multiple TS received from both domestic and international parties

Against the backdrop of a capital winter, Excyte's financing is thriving, highlighting the company's remarkable value and advantages. According to available information, following the completion of its A++ round of financing last year, the company is now in Round B and has already received several TS, far exceeding the anticipated funding target.

YK012 and YKST02 are the two drugs most favored by multinational pharmaceutical companies in the wave of Chinese Biotech going overseas. According to a research report by SPDB International, since 2022, there have been continuous cross-border licensed-out projects for Chinese bispecific drugs, with the annual number of transactions rising from 3 in 2022 to 14 in 2024 (the first nine months), with total annual transaction amounts of $14.825 billion, $13.280 billion and $5.072 billion, respectively.

This year's most high-profile deal involved Merck as the buyer. Through its subsidiary, Merck acquired Curon’s bispecific antibody CN201 (targeting CD19/CD3) for the treatment of acute lymphoblastic leukemia (ALL). The deal included a $700 million upfront cash payment and up to $600 million in milestone payments, fully demonstrating MNCs' strong confidence in the bispecific antibody track and their willingness to invest heavily in high-quality products.

Traditional licensing-out deals do not fully capture the financing landscape for bispecific antibody drugs. In recent years, as the financing of Chinese innovative drugs has continued to tighten, the overseas expansion models of pharmaceutical companies have gradually been enriched and upgraded. Some companies, represented by Hengrui Pharmaceuticals and Keymed Biosciences, have used new models such as NewCo (a strategy for local innovative pharmaceutical companies to establish new companies through cooperation with overseas capital to achieve product internationalization) to transfer product rights. For example, Keymed Biosciences has successfully promoted the overseas expansion of three bispecific antibody products twice in five months this year using the Newco model.

Regarding these two financing methods, Meng Qingwu, co-founder of Excyte, commented in an interview with the media that the traditional BD authorization and the currently popular NewCo overseas expansion have different "flexibility and risks". Nowadays, many biotech companies prefer NewCo because the value of the project will increase as the pipeline research and development progress. NewCo companies can also be transferred to MNCs at any time.

This demonstrates that Excyte’s financing and business models are diversified, with significant growth potential in both the pharmaceutical market and capital gains. For example, through the transfer of overseas rights, the company can secure upfront payments, milestone payments, and a percentage of sales commissions, while the partner company takes responsibility for subsequent global clinical development and commercial sales. It is reported that the company is already in discussions with internationally renowned pharmaceutical companies regarding BD opportunities.

The second type is NewCo, that is, a new overseas company is established by a listed company or fund, and the products of Excyte are integrated into it. The returns received by the company include NewCo’s equity, upfront payment and profit sharing. It is reported that many companies have conducted multiple rounds of in-depth negotiations with Excyte. Excyte received TS in the early stage and is expected to receive more TS soon.

In addition, Excyte has adopted a strategy of advancing both domestically and internationally in terms of financing. Domestically, the company is advancing equity financing, with several well-known market-oriented private equity funds and government funds conducting due diligence. Meanwhile, Excyte’s founder and business team will participate in J.P. Morgan's annual healthcare conference in January 2025, where they have scheduled face-to-face meetings with multiple pharmaceutical companies and investment institutions. This is expected to further expand the company's influence overseas and potentially lead to significant deals in the near future.

[acn-newswire]

Over 80,000 international buyers at HKTDC's first three trade fairs in 2025

- Successfully expanded customer base and injected new momentum into Hong Kong's economy

- Three fairs attracted over 80,000 buyers from 119 countries and regions - Buyer numbers from ASEAN countries including Indonesia, Malaysia, the Philippines and Thailand grew significantly - One green toys exhibitor expected new orders generated by this year’s fair to grow by 10-15 percent over last year’s fair - Tech toy products remained popular among buyers. A US buyer spent some US$450,000 on related products  

HONG KONG, Jan 9, 2025 - (ACN Newswire) – The 51st HKTDC Hong Kong Toys & Games Fair, 16th HKTDC Hong Kong Baby Products Fair and 23rd Hong Kong International Stationery & School Supplies Fair concluded successfully today at the Hong Kong Convention and Exhibition Centre. The Hong Kong Toys & Games Fair and Hong Kong Baby Products Fair were organised by the Hong Kong Trade Development Council (HKTDC), while the Hong Kong International Stationery & School Supplies Fair was jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd. The four-day physical fairs attracted over 80,000 buyers from 119 countries and regions, marking a promising start for the HKTDC trade shows this year, while promoting the development of Meetings, Incentives, Conferences and Exhibitions (MICE) and driving Hong Kong’s economic growth.

As the first round of trade fairs this year, some 40,000 buyers visited the Toys & Games Fair, while more than 26,000 buyers attended the Baby Products Fair and over 14,000 buyers came to the Stationery & School Supplies Fair. The fairs adopted the HKTDC’s hybrid EXHIBITION+ model, which includes the physical shows and virtual access through the Click2Match smart business matching platform, connecting exhibitors and buyers until 16 January. 

Sophia Chong, HKTDC Deputy Executive Director, said: “This year's trio of fairs were very international, bringing together more than 2,500 exhibitors from 34 countries and regions to showcase innovative ideas from all around the globe, and kickstarting HKTDC's 2025 calendar of events. We have actively promoted the events through more than 50 HKTDC offices around the world, and online and offline channels to attract international buyers and exhibitors to participate in the fairs and stay overnight in Hong Kong, to promote MICE tourism and Hong Kong's economic development. This year, buyer numbers from ASEAN countries including Indonesia, Malaysia, the Philippines and Thailand grew significantly compared to 2024. The fairs also received European buyers from Germany, Italy, Russia and the United Kingdom, as well as those from Israel, Mexico and the US.”

Expanded new customer base and created cross-industry business opportunities

Themed New Play for All, the three exhibitions featured multiple zones, from toys for infants and toddlers to STEM education toys, smart-tech toys & games, green toys to collectible toys designed for adults with a childlike spirit, catering to the needs of all age groups and market demands.

The Hong Kong Toys & Games Fair saw a floorspace expansion at the Electronic and Remote Control Toys and Educational Toys & Games zones. Funded by the Trade and Industrial Organisation Support Fund of the Trade and Industry Department, HKSAR Government, the Toys Manufacturers’ Association of Hong Kong and FHKI Group 19 (Hong Kong Toys Council) presented the first ESG pavilion, showcasing toys incorporating Environment, Social and Governance (ESG) elements. A Green Leaf Label was displayed at the booths of green exhibitors at the Toys and Stationery fairs for buyers’ easy reference. This year, over 370 exhibitors displayed products with a Green Leaf label, 70% more than last year.

Panley (H.K.) Ltd., an exhibitor selling green toys made from Forest Stewardship Council - certificated paper, adopts soy ink printing and paper packaging in the production line. The company’s senior sales manager, Peter Law said: “Buyers’ feedback has been encouraging. The number of buyers visiting our booth increased by 30-40 percent as compared to last year.  We have found more than 10 potential buyers from Bulgaria, the Czech Republic, Japan, Korea, Malaysia, Spain, Thailand, the United Arab Emirates and the US. They are leading importers, distributors and school supplies buyers with strong purchasing intention. Besides, the Click2Match smart business matching platform helped us connect buyers from the Czech Republic, Spain and Thailand in advance, before we meet at the physical fair. We expect new orders generated by this year’s fair to grow by 10-15 percent over last year’s fair. The ESG Pavilion provides an excellent platform for us to promote eco-friendly toys to international buyers and demonstrate our ESG pledge. We see a bright prospect for green toys.”

Tech toy products remained popular among buyers. Odyssey Toys, a toys wholesaler from the US, sells high-tech toys, including drones, remote-controlled vehicles, and educational gadgets to retailers across the country. The company’s owner, Michael Irigoyen, said: “We found some suppliers from Mainland China and plan to spend some US$450,000 on products such as remote-controlled boats, drones, planes, and digital cameras for kids.”

Johnny Mui, Vice President – Merchandise of the Toys”R”Us (Asia) Limited, said: “The Hong Kong Toys & Games Fair and Hong Kong Baby Products Fair are the must-attend international sourcing events for Toys“R”Us Asia each year. Looking ahead, we see tremendous opportunities in the growing kidult and plush segments. We are proud to contribute to and benefit from the momentum driven by Hong Kong’s pivotal role as a global hub for the toy industry.” The fair also attracted buyers from outside the toy industry. Media Prima Berhad, a multi-platform media group from Malaysia, attended the Toys & Games Fair to procure corporate promotional toys. The company's business lead, Hafiz Nazer, stated that the total value of the orders exceeds US$100,000.

With more than 660 exhibitors, this year's Hong Kong Baby Products Fair boasted the most exhibitors ever with an increase of 7% more than last year. The popular ODM Strollers and Gear zone continued for the second consecutive year with over 80 exhibitors, made it easier than ever for buyers to source products from original design manufacturers.

Korean exhibitor i-angel Co., Ltd.,has participated in the Hong Kong Baby Products Fair since 2008, and it’s CEO, Jinseop Lee said: “Hong Kong is an international trading hub, and a perfect place for us to look for new distributors and explore new business opportunities. In fact, the fair has helped us connect with our current distributors. We launched our new collection of hipseat baby carriers at the fair this year and have received positive feedback from international buyers. We have been in touch with a potential distributor from Canada and a potential buyer from a large department store chain in Thailand. We expect to generate at least US$1 million in new orders from the fair.”

The Hong Kong International Stationery & School Supplies Fair showcased the latest in creative art supplies, gift stationery, school and office supplies. Türkish exhibitor, Mercanlar Mutfak Esyalari San. Tic. A.S., presented their water bottles and back-to-school sets at the fair. The exhibitor has connected with buyers from Belarus, Germany, Hong Kong, Taiwan, the UK and US. The company’s export manager, Özlem Durmaz said: We are in proactive discussion with serval new customers with potential orders estimated at a total of US$100,000. Two US retailers were also looking to source our products, with each order amounting to more than US$100,000.”

Asian Toys & Games Forum explore social responsibility of toy makers

The flagship event Asian Toys & Games Forum was held during the Toys & Games fair. Themed Beyond Fun and Play: Fostering Social Responsibility in the Toy Industry, international toy and game industry experts discussed the role of toys and games in daily life. Terrence Hui, Executive Committee Member of Hong Kong Toys Council hosted the discussion with a panel of expert speakers and covered the opportunities for the toys industry in the health sector and the ageing market.

For more comments from exhibitors and buyers, please visit the following websites:

HKTDC Hong Kong Toys & Games Fair: https://www.hktdc.com/event/hktoyfair/en/success-stories HKTDC Hong Kong Baby Products Fair: https://www.hktdc.com/event/hkbabyfair/en/success-stories Hong Kong International Stationery & School Supplies Fair:  https://www.hktdc.com/event/hkstationeryfair/en/success-stories

Fair Websites

HKTDC Hong Kong Toys & Games Fair: hktoyfair.hktdc.com HKTDC Hong Kong Baby Products Fair: hkbabyfair.hktdc.com Hong Kong International Stationery & School Supplies Fair: hkstationeryfair.com

Photo Download: https://bit.ly/3PvqA3g

Media enquires Please contact HKTDC’s Communication & Public Affairs Department:  Sharon Ha Tel:2584 4575 Email:sharon.mt.ha@hktdc.org

Jane Cheung Tel:2584 4137 Email:jane.mh.cheung@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

About the HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

[acn-newswire]

Education & Careers Expo opens next Thursday

- Featuring free 'CV Clinic' with resume consultation and AI job matching services, offering over 4,000 job opportunities

- The Expo gathers over 820 institutions from 22 countries and regions, providing the latest education and employment information - The four themed days include “Arts & Sports,” “Tourism & Hospitality,” “Innovation & Technology,” and “Greater Bay Area Opportunities” - The event offers free "CV Clinic" services including AI CV enhancement, AI job matching, one-on-one resume consultation, and resume photo-taking - 23 government departments and public institutions will run booths, with a designated "Aviation Corner" featuring organisations providing training and employment information, including the Airport Authority Hong Kong - Over 100 seminars and activities will be held, featuring renowned figures like film artist Gordon Lam and former Hong Kong athletes Vivian Ma, and Yip Pui Yin

HONG KONG, Jan 9, 2025 - (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC), the 34th Education & Careers Expo will be held from 16 to 19 January (Thursday to Sunday) at the Hong Kong Convention and Exhibition Centre. The Expo is divided into "Education" and "Careers" sections, bringing together over 820 institutions from 22 countries and regions, offering more than 4,000 job opportunities as well as comprehensive education, training, and employment information for students and job seekers. This year's Expo also introduces a free “CV Clinic,” including AI resume enhancement, AI job matching, one-on-one resume consultations and resume photo-taking services, and is free to all members of the public. Pre-registered visitors will receive a complimentary gift, limited availability on a first-come, first-served basis. Early registration is encouraged.

Jenny Koo, HKTDC Assistant Executive Director, said: "This year's Expo, titled ‘Go with Your Passion, Go Beyond Limits,’ features four themed days covering arts and sports, tourism and hospitality, innovation and technology, and opportunities in the Greater Bay Area, providing a comprehensive forum to develop social needs and address market demands. In the ‘Education’ section, students have the opportunity to interact directly with educational institutions and training organisations and explore programmes and admission guidelines worldwide; on the ‘Careers’ front, various government departments, public bodies, and private enterprises are actively recruiting. The Expo supports students and working professionals in pursuing their dreams and career development, aligning with the government's policies of finding high calibre talents and developing Hong Kong into an international hub for post-secondary education.

Applied Gerontology degree programme offered by the Tung Wah College steers the development of the silver economy

The “Education” section of this year's Expo features four zones: “Local Studies,” “Non-Hong Kong Education,” “Lifelong Learning,” and “Youth Zone.” The “Local Studies” zone showcases numerous universities and tertiary institutions; the Tung Wah College offers a Bachelor of Science (Honours) in Applied Gerontology degree to train experts to serve the elderly and promote the silver economy and covers topics like end-of-life education related to issues raised in the film The Last Dance. The Vocational Training Council offers programmes like a Higher Diploma in Tourism and Mega Event Management to cultivate talent in the mega event industry. The government previously launched the “Blueprint for Arts and Culture and Creative Industries Development,” creating more opportunities for the industry. The Hong Kong Academy for Performing Arts and the Hong Kong Art School will introduce programmes designed to foster talent in these fields at the Expo.

Gathering education insights from across 22 countries and regions

The Expo offers education insights from across 22 countries and regions in total. In particular, the “Non-Hong Kong Education” zone features exhibitors such as consulates, institutions, universities, and education centres from outside Hong Kong. They will offer consultation services and insights on pursuing education in various countries and regions including Mainland China, Europe, America, Asia and more. The “Lifelong Learning” zone caters to individuals of all ages, with exhibitors like the Table for Choices Limited using theatrical games to create a new educational model from a traditional setting. The “Youth Zone” offers career planning, continuous learning information, as well as various job opportunities like summer jobs, internships, and full-time positions for young people. For the first time, the Prince Philip Dental Hospital will participate in the Expo, bringing programmes for training dental assistants.

The Expo’s Careers section offers free “CV Clinic” services

The “Careers” section of the Expo presents over 4,000 job opportunities, with a number of government departments and public institutions present, including the Fire Services Department, Civil Service Bureau, and the Immigration Department, along with social welfare organisations, banks, and insurance companies, all looking to recruit at the Expo. This year sees the introduction of the “Aviation Corner,” where aviation-related organisations like the Airport Authority Hong Kong will provide information for those aspiring to enter the aviation industry.

The “Recruitment Square”, comprised of various recruitment platforms, will be accepting job applications on-site, with some offering on-the-spot interviews. Job seekers are encouraged to bring their resumes.

This year the fair has introduced a new “CV Clinic” service in collaboration with recruitment platform TechJobAsia. The service helps job seekers review and enhance their resumes through an AI-powered system. They can also match their resumes with over 4,000 job vacancies from employers at the Expo and interact with potential employers on-site. Additionally, TechJobAsia will provide one-on-one resume consultation services on the second and fourth days (17 and 19 January) of the Expo. Employment consultants from recruitment platform Jobsdb will also offer one-on-one resume consultation services and free resume photos throughout the four-day exhibition. Job seekers can access the CV Clinic and make appointments for counselling through the Education & Careers Expo website. On-site services have limited places and will be available on a first-come, first-served basis so visitors are advised to register online in advance.

Four themed days introduce career trends and industry prospects

During the Expo, over 100 exciting activities will be held, with four themed days offering job seekers strategies for entering different industries and inviting celebrities and industry professionals to share their experiences. Renowned actor, scriptwriter, and producer Gordon Lam will share his own experiences on 17 January, inspiring students to forge ahead in their learning and creative journeys.

Visitors can pre-register on the fair website to participate in the above events, as well as other seminars in the themed day series and star-sharing sessions. Seats are limited, and registration is on a first-come, first-served basis. Those who pre-register and attend the event will receive a dedicated gift.

Photo download: https://bit.ly/4fQ4eUR

Education & Careers Expo Website: https://www.hktdc.com/event/hkeducationexpo/en Events’ information: https://www.hktdc.com/event/hkeducationexpo/en/intelligence-hub HKTDC Media Room: https://mediaroom.hktdc.com/en

Media enquiries HKTDC's Corporate Communications Department:

Clementine Cheung

Tel: (852) 2584 4369

Email: clementine.hm.cheung@hktdc.org

Stanley So    

Tel: (852) 2584 4049

Email: stanley.hp.so@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

[acn-newswire]

Strengthening Supply Chains for a Sustainable Future

- Mainland is the Prime Location for GBA Businesses to Build Supply Chain Resilience, with ASEAN the No.1 Overseas Option

HONG KONG, Jan 9, 2025 - (ACN Newswire) – More than 90% of manufacturing businesses in the Greater Bay Area (GBA) have either completed their supply chain transformation or have the process well underway. This is the key finding of GBA Supply Chain Diversity: Enhancing Connectivity Among ASEAN, Hong Kong, and the Mainland, a joint report published today by the Hong Kong Trade Development Council (HKTDC) and UOB Hong Kong.

The report also found that 72% of GBA-based manufacturing companies have already committed to actively bolstering the resilience of their supply chains, with the remainder expected to follow suit within two years. In another positive finding, a significant proportion of survey respondents saw Hong Kong as an indispensable link between the GBA and the ASEAN bloc, while also having a high regard for the city’s expertise in the green finance and professional services sectors.

The report’s conclusions were based on an in-depth survey of more than 600 GBA-based companies conducted in the third quarter of 2024. Within its comprehensive remit, the research also set out to determine the key drivers of supply chain diversification, identify the overseas markets GBA businesses are primarily targeting and evaluate the success of the green and sustainable development initiatives implemented by such enterprises.

In order to track the evolving trends, the survey findings were compared with the results of two HKTDC-UOB Hong Kong studies conducted in 2023: Navigating Connectivity – Exploring ASEAN Opportunities for the Greater Bay Area and Sustainability in the GBA: Unlocking Opportunities and Empowering Growth.

Strengthening Supply Chain Resilience

For most GBA-based businesses, the mainland remained their preferred choice when it came to both diversifying their supply chain arrangements and broadening their range of production options. For those looking to diversify their supply chains by incorporating overseas locations, ASEAN was the number one choice, with 84% of the surveyed enterprises indicating they had plans in place to maintain or expand their production/sourcing activities within the bloc. The primary reason for this preference (as cited by 39% of respondents) was the positive nature of China-ASEAN trade relations, with the benefits accruing from both the Regional Comprehensive Economic Partnership (RCEP) agreement and the Belt and Road Initiative (BRI) also widely acknowledged.

Of the individual ASEAN markets, Singapore, Malaysia and Indonesia were the preferred choices for both current and future business activities. The rising level of business interest in the Philippines, Cambodia, Laos and Brunei, however, was also notable.

The key challenges to successfully entering the various ASEAN markets, meanwhile, were seen as finding suitable and capable local service providers (as cited by 32% of respondents), followed by maintaining data security (25%) and finding talent with the required expertise (25%). Tellingly, many of the issues designated as primary concerns in the 2023 study – difficulties in navigating local government policies and regulations relating to foreign investment and culture/language barriers – featured less prominently in the more recent survey.

In line with the perceived success of the overall upgrade programme, the majority of survey respondents (60%) now see the GBA’s supply chains as characterised by a high level of innovation, collectively underpinned by the extensive deployment of effective digital solutions.

ESG and Sustainability

In addition to their focus on bolstering the resilience of their supply chains, many GBA businesses remained committed to accelerating their ESG initiatives. As a sign of this, 81% of survey respondents had active green and sustainable development programmes in place – 16 percentage points higher than the 65% recorded in 2023.

Respondents also indicated a greater willingness to increase their level of ESG investment, with an average increase of about 25% planned over the next two years. This will see the relevant budget allocations average HK$462,535, well above the 2023 figure of HK$371,333.

Commenting on the findings, Irina Fan, the HKTDC’s Director of Research said: “GBA companies are now demonstrating a real commitment to sustainability, as shown by the planned 25% increase in ESG investment over the next two years. As there are about three million enterprises in the GBA, this could equate to total ESG-related investment of some HK$1.3 trillion.”

Adaline Zheng, CEO of UOB Hong Kong, said: “As businesses in GBA continue to evolve and adapt to emerging trends, we are committed to supporting their journey towards sustainable growth and resilience. By leveraging our robust foreign direct investment advisory unit and strong Hong Kong platform, we provide tailored solutions and insights to facilitate GBA companies’ expansion into ASEAN markets. The increasing focus on diversifying supply chains and enhancing connectivity with ASEAN underscores the pivotal role of collaboration and innovation in today’s dynamic market. Together, we empower businesses to not only thrive in a competitive landscape but also to contribute positively to our shared future.”

Hong Kong: The GBA-ASEAN Super Connector

Another clear finding of the 2024 survey was the success Hong Kong has found in carving out its unique niche as the GBA-ASEAN super-connector.

This was reflected in the score GBA-based businesses accorded both Hong Kong’s Connectivity with the ASEAN Bloc and Hong Kong's Connectivity with Mainland GBA Cities – eight out of 10, a one-point year-on-year increase.

In a further endorsement, 80% of 2024 respondents indicated a willingness to both learn more about Hong Kong’s green professional services and to use such services more frequently, a significant increase on the 2023 figure of 70%.

Notes for Editors

The GBA is the Greater Bay Area (also known as the Guangdong–Hong Kong–Macao Greater Bay Area), a priority development area that comprises nine mainland cities in Guangdong province (Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, Huizhou, and Zhaoqing) as well as two Special Administrative Regions, Hong Kong, and Macao.

Related materials

- HKTDC Research: https://research.hktdc.com/en - The report in Chinese – GBA Supply Chain Diversity: Enhancing Connectivity Among ASEAN, Hong Kong and Mainland China can be downloaded from the websites of HKTDC and UOB Hong Kong.

Photos Download: https://bit.ly/4j6hvvj

Media enquiries

HKTDC’s Communications & Public Affairs Department: Katy Wong      Tel: (852) 2584 4524        Email: katy.ky.wong@@hktdc.org Clayton Lauw   Tel: (852) 2584 4472        Email: clayton.y.lauw@hktdc.org

UOB Hong Kong: Susanna Liu    Tel: (852) 2123 7537        Email: susanna.liuwy@uobgroup.com Sarah Tsang    Tel: (852) 2123 7536        Email: sarah.tsangsw@uobgroup.com

Yuan Tung Financial Relations: Tiffany Leung  Tel: (852) 3428 2361        Email: tleung@yuantung.com.hk Hing-fung Wong Tel: (852) 3428 3122        Email: hfwong@yuantung.com.hk

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. 

About UOB

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders. 

[acn-newswire]

'Think Business, Think Hong Kong' opened doors to more fruitful, sustainable Hong Kong-Indonesia partnership

- Some 2,000 participants explored Hong Kong's advantages and strengths

- 1,500+ participants attended the full-day symposium to explore the latest business opportunities across sectors and Hong Kong’s latest developments - Symposium facilitated 200+ business matching meetings - 400+ Indonesian and Hong Kong business leaders joined the gala dinner

HONG KONG, Jan 9, 2025 - (ACN Newswire) – The Think Business, Think Hong Kong (TBTHK) mega promotion organised by the Hong Kong Trade Development Council (HKTDC) was successfully held on 8 January in Jakarta, Indonesia.

To promote bilateral trade and investment between Hong Kong and Indonesia, TBTHK attracted some 2,000 participants. Over 1,500 participants attended the full-day symposium to explore the latest business opportunities across sectors and Hong Kong’s latest developments. At the same time, over 400 leaders of the Indonesian and Hong Kong business communities joined the gala dinner for further networking and dialogue.

Dr Peter K N Lam, HKTDC Chairman, Mr Paul Chan, Financial Secretary of the Hong Kong SAR Government and Dr Edi Prio Pambudi, Deputy Minister for Coordination of International Economic Cooperation, attended the opening ceremony.

Dr Lam stated, “TBTHK is our annual flagship promotion that aims to strengthen business ties between Hong Kong and our major international partners. Indonesia has long been an important partner for Hong Kong. As we meet local government and business leaders on this visit, we look to strengthen our bilateral ties.”

He added, “We have long been known for our strengths in traditional sectors, such as finance, trade, logistics and professional services. With the tremendous advances we have been making in newer sectors, such as innovation and sustainability, many opportunities await Indonesian businesses in our dynamic world city.”

Mr Chan, in his speech, stated that Hong Kong enjoys the unique advantage of one country, two systems, enabling it to serve as a superconnector and super value-adder between China and the rest of the world.

He said, "Under ‘one country’, we enjoy the full support of our motherland to develop as international financial, shipping and trade centres as well as an international hub for high-calibre talent. We also benefit from the national development strategy of the Guangdong-Hong Kong-Macao Greater Bay Area, or GBA.”

He added, “The GBA is not just a huge consumer market. It pools together the financial and professional service capabilities of Hong Kong as well as the tech and advanced manufacturing capabilities of Shenzhen and other cities, like Dongguan and Huizhou.”

And under “two systems”, he pointed out, “Foreign companies with a presence in Hong Kong, including Indonesian companies, can leverage the Closer Economic Partnership Arrangement (CEPA) between the mainland and Hong Kong to gain easy and unparalleled access to the immense mainland market.”

Dr Edi Prio Pambudi said, “We aim to achieve ambitious growth targets, as we work towards our vision of becoming an advanced economy by 2045, including a GDP growth rate of 8%, as outlined by President Prabowo. Achieving this target requires robust collaboration between Indonesia and key partners, like Hong Kong. It is imperative that we continue to seek support and engagement of Hong Kong corporations to further drive Indonesia’s economic development."

He added, “Hong Kong’s contributions as investors and innovators are essential to achieving our goals to create a diversified and resilient economy that will generate high-quality jobs, foster sustainable development and ensure long-term prosperity for both Indonesia and Hong Kong, while also driving Indonesia towards economic milestones that benefit not only our nation, but also the global community."

Notable speakers discussing opportunities in finance, smart city and sustainability

At the symposium, leaders of the Indonesian business communities highlighted how Hong Kong plays an essential role as a superconnector and super value-adder, linking Mainland China and the rest of the world, especially the dynamic ASEAN region, for businesses across diverse sectors, including finance, smart city, sustainability, transportation, innovation and technology (I&T) and more. By showcasing these strengths, the event reinforced Hong Kong’s status as the preferred destination in Asia for international businesses, talent and investment.

The symposium’s plenary session featured renowned speakers, including The Honourable Bernard Charnwut Chan, Chairman and President of Asia Financial Holdings Ltd, Mr Guy Bradley, Chairman of Swire Pacific Limited, Mr Kenneth Hui, Executive Director (External) of Hong Kong Monetary Authority, Mrs Shinta Widjaja Kamdani, CEO of Sintesa Group and Chairwoman of Indonesian Employer's Association, and Mr Rex Sham Co-Founder & Chief Science Officer of Insight Robotics Limited. They discussed the global outlook, while examining opportunities for Hong Kong and Indonesian businesses to propel regional development, paving the way for sustainable growth.

Subsequently, four thematic sessions were held. A session co-organised with the Hong Kong Monetary Authority (HKMA), “RMB Opportunities in International Trade and Hong Kong’s Strategic Role”, highlighted how Hong Kong played a pivotal role in the wider use of RMB in the region over the past 10-15 years. It also discussed how Mainland China and Indonesian businesses can leverage Hong Kong’s financial strengths and the multifaceted benefits of RMB use to become part of a growing economic partnership.  

A thematic session supported by Cyberport, “Building for the Future”, explored Hong Kong’s vibrant PropTech sector that integrates artificial intelligence (AI) and IoT, driving efficiency and growth across mobility, living, decarbonisation and governance.    

Another session co-organised with Invest Hong Kong (InvestHK), “Hong Kong – An Ideal Business Hub for Supply Chain Companies and Beyond”, highlighted Hong Kong’s strengths in multinational supply chains and providing one-stop support for international businesses. It also discussed how the global supply chain is being reshaped and how Hong Kong is well equipped to support the industry in navigating this changing landscape.  

The fourth session on “Innovations in Green Technology for a Sustainable Tomorrow” highlighted Hong Kong’s leadership in innovative green-tech solutions and discussed the groundbreaking opportunities for a more resilient and sustainable future for Indonesia and markets along the Belt and Road.  

Networking sessions for further collaboration

The symposium brought together 22 exhibitors from diverse sectors from Hong Kong. An InnoVenture Salon exhibition with Hong Kong start-ups, including Hong Kong Cyberport Management Company Limited, Hong Kong Science & Technology Parks Corporation, Ambit Geospatial Solution Limited, Binery Limited (Pintar Investments), Leapstack International Limited and One Energy (HK) Limited, showcased their innovative solutions. Meanwhile, business advisory bodies, including Conpak CPA Limited and InvestHK, were on-site at the Business Support Zone to offer consultations to businesses looking to set up operations in Hong Kong. The symposium also facilitated over 200 on-site business matching meetings between Indonesian and Hong Kong companies.

The Hong Kong Tourism Board also set up a Hong Kong Café at the symposium for guests to immerse themselves in the vibrant neighbourhood of “Old Town Central”, while enjoying authentic Hong Kong snacks, such as milk tea and egg waffles, which embody the city’s unique East-meets-West spirit.

Following the symposium, the Hong Kong Dinner was held at The Ritz-Carlton Jakarta, Pacific Place hosting Mr Chan, Ms Dyah Roro Esti Widya Putri, Vice Minister of Trade, Ministry of Trade of the Republic of Indonesia, and H.E. Wang LutongAmbassador Extraordinary and Plenipotentiary of the People's Republic of China in Indonesia. It was attended by over 400 prominent guests from political and business circles.  

Photo Download: https://bit.ly/4fRPS6v

Video: http://bit.ly/3DXmYUZ  

Media enquiries

Advo Public Relations Friska Rani   Tel: 081298980400     Email: friska@advo-indonesia.com

HKTDC’s Communication & Public Affairs Department: Snowy Chan    Tel: (852) 2584 4525  Email: snowy.sn.chan@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

[acn-newswire]

Ho Chi Minh to Host Asia's Longest Running Sustainability Event - The 17th Annual Global CSR & ESG Summit and Awards 2025

SINGAPORE, Jan 9, 2025 - (ACN Newswire) - Asia’s longest-running sustainability event, the 17th Annual Global CSR & ESG Summit and Awards™ 2025, will take place on 26th February at the Mai House Saigon Hotel in Ho Chi Minh City, Vietnam. This premier gathering is an annual cornerstone for professionals from the Asian sustainability community to reconnect, foster relationships, and collaborate on cutting-edge solutions. With a focus on climate change, community resilience, and shaping a sustainable future, the event brings together leaders in clean energy, sustainability, and green finance to drive meaningful impact across industries.

This year’s theme, Scaling Impact and Redefining Value in Sustainability, reflects the pressing need for businesses to transition from compliance-based approaches to creating measurable value through sustainable practices. The summit aims to spotlight Asia’s unique role in driving global sustainability initiatives while addressing the challenges and opportunities faced by organizations worldwide. The summit will conclude with the 17th Annual Global CSR & ESG Awards™, a highly respected industry award recognizing individual and corporations for their outstanding contributions to sustainability. On the following day, delegates will be treated to a cultural tour where they will experience the vibrant culture and dynamic energy of Ho Chi Minh City, a city that harmonizes tradition and modernity.

Key Highlights of the Summit:

Transition Finance Focus: Discussions will explore frameworks like green bonds and renewable energy investments, empowering carbon-intensive sectors to profitably transition to sustainable practices.

Innovative Carbon Reduction Solutions: Experts will showcase scalable technologies, including carbon capture and nature-based solutions, to help industries achieve net-zero targets.

Integrating ESG into Core Operations: Attendees will gain insights into leveraging circular economy practices, strengthening resilient supply chains, and enhancing ESG reporting through data and technology.

Current Esteemed Speakers:

The summit will feature 19 distinguished speakers, including:

1. Prof. Dr. Geoffrey Williams – Founder & Director, Williams Business Consultancy Sdn Bhd 2. Matthias Gelber – Co-Founder, ESG Innovation Hub 3. Mai Lam Dong – Cluster President, Schneider Electric Vietnam & Cambodia 4. Nguyen Phi Anh Dao – Marketing & Product Management Director, ASEAN Head of Marketing, AkzoNobel Vietnam 5. Paul Choo – Chief HR Officer (HR & CSR), Bridgestone (China & Asia Pacific) 6. Jakub Kudrna – Chief Strategy Officer, Home Credit Vietnam & Chairperson, ESG Steering Committee 7. Dung Tran – ESG Research & Stewardship, VinaCapital Group 8. Phuong Nguyen – Consulting Director, FPT Digital 9. Adam Brennan – Group Director, Sustainability, Thai Union Group 10. Hoang Quoc Anh – Deputy Secretary General, VNDIA 11. Nguyen Thi Huong Thu – Managing Director, Greenviet Green Building Consultancy Co., Ltd 12. Harry Cahyono – Mining Sustainability Lead, PT Hengjaya Mineralindo 13. Le Hoang Anh – Internal Control Manager, VINAMILK 14. Don Tuan Phuong – Founder & Director, Center for Sustainable Development Studies; Founder & President, Volunteers for Peace Vietnam 15. Ha Do – ASPAC Head of Government, ASPAC Head of International Development Advisory Services, KPMG 16. Abhinav Goyal – Director, Capital Projects and Infrastructure, PwC Vietnam 17. Pragas Nadaraja – Director of Environmental & Sustainable Design for Buildings, Ramboll 18. Aru David – Director, ASSIST, Mekong Region (Vietnam, Cambodia, and Thailand) 19. Rishi Pathania – Vice President (Global Head) CSR, UPL Group

This year, more than 70 companies from the region have confirmed their participation, making it a truly global platform for meaningful discussions on sustainability and corporate responsibility.

For more information, visit the event website at https://globalcsr.pinnaclegroup.global/.

Event Details:

Date: 26th February 2025 Venue: Mai House Saigon, Ho Chi Minh City Time: 8:00 AM to 6:00 PM (GMT +7)

For Media Inquiries or Further Information:

Eric Khoo (Mr.) Head of Global Events and Partnerships The Pinnacle Group International Email: eric.khoo@pinnaclegroup.global Tel: +65 8383 2480

[acn-newswire]

Sparkline Hosts Exclusive Webinar on Leveraging Google Analytics 4 for E-Commerce Success

SINGAPORE, Jan 8, 2025 - (ACN Newswire) - Sparkline, a leading digital analytics consultancy in Southeast Asia, is proud to announce its upcoming webinar, "Unlocking E-Commerce Success with Google Analytics 4", designed to help marketers and e-commerce professionals harness the full potential of Google Analytics 4 (GA4). Taking place on 15 January 2025, this transformative session is tailored to empower businesses with advanced analytics strategies that enhance user journeys and maximize ROI.

Why Google Analytics 4 is a Game-Changer for Marketers

As digital marketing trends evolve, GA4 emerges as an essential tool for businesses aiming to stay ahead in an increasingly data-driven environment. With its enhanced capabilities in tracking user behavior across multiple platforms, GA4 provides deeper insights into the customer journey, enabling marketers and e-commerce managers to:

Streamline Tracking: Simplify and centralize tracking mechanisms for cross-platform interactions.

Boost Engagement: Identify key touchpoints to foster better user engagement.

Optimize ROI: Make data-backed decisions that translate into tangible business outcomes.

In the era of first-party data, GA4’s emphasis on privacy-centric analytics ensures businesses remain compliant while delivering meaningful insights that drive growth.

Webinar Details

Join Sparkline’s esteemed experts for an engaging and insightful session:

Date: 15 January 2025

Time: 11:30 AM – 12:30 PM SGT

Location: Zoom (Free Registration)

Registration Link: Register Here

Meet the Speakers

The webinar will feature two industry experts who bring extensive experience in analytics and customer success:

Timothy Paul – Analytics & Technical Integration Consultant at Sparkline

Nur Raihana – Customer Success Manager at Sparkline

Both speakers will provide actionable strategies and practical insights tailored to the unique challenges of the e-commerce sector.

What Will be Covered

Attendees will gain access to:

Advanced GA4 techniques to optimize every stage of the customer journey—from discovery to conversion.

Tools to enhance engagement and improve tracking accuracy.

Data-driven approaches to maximize ROI and drive sustainable growth.

About Sparkline

Since its founding in 2013, Sparkline has been at the forefront of digital analytics in Southeast Asia. Headquartered in Singapore, the consultancy specializes in empowering businesses with practical, scalable solutions to navigate the complexities of today’s digital landscape. As a pioneering partner of Google’s Analytics Suite, Sparkline leverages its decade-long expertise to drive digital maturity, enhance organizational capabilities, and foster data-driven innovation.

Through tailored consulting, training, and cutting-edge technology solutions, Sparkline partners with Fortune 500 companies and regional leaders to optimize customer experiences and achieve measurable growth. By championing first-party data strategies and streamlining digital processes, Sparkline helps businesses thrive in a competitive e-commerce environment.

[acn-newswire]

The Quantum Revolution. How Quantum Computing Will Transform the Global Economy in the Next Decade

SEATTLE, WA, Jan 8, 2025 - (ACN Newswire) - In just a few short years, the next seismic shift in the global economy could come from a technology that’s still unfamiliar to most: quantum computing.

Sean Brehm, founder and CEO of CrowdPoint Technologies, believes quantum computing is poised to become the foundation of the modern economy. Speaking on Yahoo Finance’s Warrior Money podcast with hosts Patrick Murphy and Dan Kunze, Brehm emphasizes the profound implications of quantum innovation. “The company that dominates quantum computing will influence the global economy for the next 100 years,” Brehm declares. “At least 50 years.”

At its core, quantum computing harnesses the laws of quantum mechanics to solve problems far faster than classical computers ever could. But beyond speed, it’s the technology’s potential to redefine industries—ranging from finance and healthcare to national security—that positions it as a game-changer.

Brehm offers a compelling analogy to illustrate the importance of this shift. “What the average investor needs to know is the difference between data and information,” he explains. “Data, like oil, is just a dead lumpy dinosaur. Until it’s refined by some petroleum engineers, it just stays data… The whole purpose for quantum is to surface information faster from the data.”

In this quantum-driven future, data processing will transcend its current limitations, fundamentally transforming how businesses and governments extract actionable insights. “When you get into quantum space, you’ll be able to have a conversation with the data and be able to get your answers sooner, faster, and more intelligible,” Brehm adds.

Brehm likens the current stage of quantum computing to the early days of the internet in the 1990s. Back then, many struggled to grasp the potential of the World Wide Web—until it exploded into the mainstream, creating unprecedented opportunities for investors who were ahead of the curve. He warns that the same pattern is unfolding now with quantum technology. “Overnight, things are going to change,” Brehm says. “History is repeating itself.”

For investors, this is a wake-up call. Quantum computing isn’t just another technological trend—it’s the foundation for a new era of global innovation. And for those who hesitate, Brehm suggests, the regret of missing out may mirror the feelings of those who ignored the early internet boom.

Beyond investment opportunities, quantum computing also offers a unique avenue for professionals with adaptive mindsets. Drawing from his own experience as a former airborne ranger qualified infantry officer, Brehm highlights why military veterans are particularly suited for careers in quantum technology.

“The hardest part about this is you constantly have to learn because it’s evolving so fast,” Brehm explains. “That’s why I think military officers are going to excel in this environment—because it is evolving, and we’re used to evolving.”

Brehm’s insights underscore the urgency for action—not just from investors, but from innovators, entrepreneurs, and policymakers alike. The rapid evolution of quantum technology is already reshaping capital markets, providing fertile ground for startups to thrive.

In his discussion with Murphy and Kunze, Brehm paints a compelling vision of the quantum future. The question is not whether quantum computing will transform the global economy—it’s how soon, and who will lead the charge.

Sean Michael Brehm is a trailblazing entrepreneur, Texas-based tech visionary, and strategic leader with over 25 years of experience spanning defense, intelligence, and technology. As the Chairman and & CEO of CrowdPoint Technologies and Chairman of Spectral Capital (Symbol: FCCN), Brehm spearheads innovation in Quantum as a Service (QaaS), guiding the incubation of quantum-era solutions that empower individuals and enterprises to safeguard their digital identities. A staunch advocate for decentralized technology, Brehm combines a rugged individualist spirit with cutting-edge expertise to tackle global challenges and reimagine the principles of the Buttonwood Agreement for the digital age.

About Spectral Capital Corporation Founded in 2000 and based in Seattle, Washington, Spectral Capital (OTCQB:FCCN) is a technology startup accelerator and quantum incubator. We specialize in Quantum as a Service (QaaS), leveraging our proprietary Distributed Quantum Ledger Database technology (DQ-LDB) to offer secure, advanced storage and computing solutions. For more information, please visit www.spectralcapital.com.

Contact: Plato Data Intelligence zephyr@platodata.io 

[acn-newswire]

Biotech Startups Get a Boost: ZAGENO and Hatch.Bio Labs Partner to Streamline Lab Operations

ZAGENO Forms a Strategic Partnership With Hatch.Bio Labs, a Premier Biotech Incubator

BOSTON, Jan 8, 2025 - (ACN Newswire) - Biotech startups often encounter administrative roadblocks on their path to achieving breakthroughs in life sciences. Today, ZAGENO, the leading AI-powered marketplace for lab supplies, and Hatch.Bio Labs, a premier biotech incubator, join forces to eliminate these challenges.

ZAGENO x Hatch.Bio Labs ZAGENO and Hatch.Bio Labs Partner to Streamline Lab Operations

This strategic partnership empowers Hatch.Bio residents with a streamlined lab supply procurement process, allowing them to prioritize groundbreaking research. ZAGENO's platform offers an Amazon-like shopping experience for lab supplies, featuring:

Effortless Management: Discounted rates, easy price comparison of 5,300+ suppliers, single bill-to options, and automated order tracking.

Dedicated Support: Fast onboarding, procurement best practices, and frequent on-site guidance to maximize platform value.

Reduced Costs: Exclusive discounts for Hatch members, with free access for smaller startups.

"Biotech startups are at the forefront of innovation, but administrative hurdles can delay their progress," says Florian Wegener, CEO and Founder of ZAGENO. "Our partnership with Hatch.Bio simplifies lab supply ordering for their members, saving them valuable time and resources."

James Weis, Hatch.Bio CEO, adds, "This collaboration provides our residents with a critical operational advantage, allowing them to streamline operations and accelerate research."

Through this partnership, Hatch.Bio tenants will gain seamless access to ZAGENO's AI-powered lab supply marketplace. By integrating ZAGENO's platform with Hatch.Bio's facilities and support, this collaboration simplifies procurement, automates tracking, and minimizes administrative tasks, freeing researchers to focus on advancing their research to the clinic.

About ZAGENO

ZAGENO is transforming lab supply procurement with the industry's largest AI-powered marketplace, featuring over 40 million products from 5,300+ global suppliers. Scientists, lab managers, and procurement teams rely on ZAGENO's all-in-one platform for painless lab supply procurement that optimizes budgets and enhances productivity. With automated order and delivery tracking, custom workflows, real-time spend analytics, and offloaded supplier management, ZAGENO empowers labs of all sizes to achieve full lab supply ordering automation. Explore ZAGENO's marketplace and discover how it can streamline your lab supply procurement: www.zageno.com or request access at bit.ly/HatchBio-Labs.

About Hatch.Bio Labs

Hatch.Bio Labs is the premier biotechnology and life sciences incubation platform dedicated to reducing operational barriers for biotechnology and life sciences companies. We provide best-in-class, highly flexible, and cost-effective laboratory and office facilities, natively integrated with comprehensive scientific and operational support and strategic partnerships within a modern technology stack-all to help our resident companies grow more rapidly and efficiently. Our mission is to empower biotech pioneers to develop transformative technologies and advance the pace of biotechnology innovation. For more information and to inquire about becoming a tenant, visit www.hatch.bio.

SOURCE: ZAGENO

Related Images

Biotech Startups Get a Boost: ZAGENO and Hatch.Bio Labs Partner to Streamline Lab Operations

[acn-newswire]

'Behind the Canvas Series 1: Jean-Michel Basquiat' Makes Its Global Debut in Singapore

Asia's first Jean-Michel Basquiat experience at Marina Bay Sands unveils 160 pages from The Notebooks, 12 rarely seen works from The Head-The Mind and 25 exclusive licensed prints.

Covenant ART debuts Behind the Canvas Series 1: Jean-Michel Basquiat globally in Singapore. Featuring over 160 pages from The Notebooks, 12 rarely seen works from The Head-The Mind and 25 exclusive licensed prints across 10 immersive rooms, the experience promises an unforgettable journey for art enthusiasts and connoisseurs.

For the first time, rare archival materials, including Basquiat’s original sketches, created with ink, markers, paint, and oil sticks, will be featured. These intimate pieces provide a fascinating insight into Basquiat's creative process, giving visitors a unique opportunity to delve into the mind of one of the most influential contemporary artists of all time.

SINGAPORE, Jan 8, 2025 - (ACN Newswire) - Behind the Canvas Series 1: Jean-Michel Basquiat makes its global premiere in Singapore, offering an immersive journey into the creative legacy of one of the most influential artists of the 20th century. Presented by Covenant ART, this experience is part of the upcoming Singapore Art Week 2025, from now until 6 March 2025 at Marina Bay Sands, Sands Expo & Convention Centre, Hall D.

Spanning over 16,000 square feet and featuring 10 distinct immersive rooms, the three-month event combines rare archival materials, cutting-edge technology, and interactive installations to provide a transformative exploration of Basquiat’s personal life, career, art, and enduring influence on contemporary art. Visitors will have the rare opportunity to view 160 pages from Basquiat's The Notebooks, including 12 rarely seen works from The Head-The Mind and 25 exclusive licensed prints.

“We are deeply honoured to collaborate with our esteemed partners – Larry Warsh’s House of Inspiration, along with AKG Ventures, SEA Pixel Investments, Meridian Alpha Family Office, Alpha-Omega Holdings, Yang Gallery, Fable and Elevate – in bringing Behind the Canvas Series 1: Jean-Michel Basquiat to life," said Jude Robert, Co-Founder of Covenant ART.

“This event celebrates Basquiat’s lasting impact on contemporary art while shining a spotlight on Singapore’s growing prominence as a cultural hub,” added Angelito Perez Tan, Jr., Co-Founder of Covenant ART. “We hope this immersive experience will inspire a new generation of art lovers and creators by offering them a closer connection to Basquiat’s artistic brilliance and his influence on the art world.

The Basquiat Video Room, specially designed to take visitors deep into Basquiat’s mind, features multiple screens displaying compelling excerpts of the artist’s reflections on his art, life, and philosophy. At the heart of the experience is a wraparound screen presenting a vivid collage of Basquiat’s life – capturing moments with friends, bursts of creativity in his studio, and the vibrant streets of Downtown Manhattan. Powerful and evocative, the experience brings Basquiat's life into sharp focus, celebrating his legacy and enduring influence on the art world.

The Den

True to Basquiat’s nature, Covenant ART has created participative installations such as The Den and the The Basquiat Expression Room, encouraging visitors to embrace self-expression through art. The Den transports visitors to the heart of Basquiat's creative process, using digital panels to craft personalised self-portraits inspired by his signature style for keepsakes to take home. Meanwhile, the Basquiat Expression Room encourages budding artists to unleash their creativity with tools such as chalks, and crayons, offering a hands-on opportunity to channel Basquiat’s bold, free-spirited approach to art.

A visit to Behind the Canvas Series 1: Jean-Michel Basquiat is complemented by the opportunity to explore exclusive merchandise. The event features a specially curated collection of limited-edition items, including art prints, trendy T-shirts, stylish caps, and more, allowing visitors to carry a piece of Basquiat’s iconic artwork into their daily lives.

Tickets for Behind the Canvas Series 1: Jean-Michel Basquiat are now available for purchase. Prices start at S$48 for Singapore residents (S$43 for seniors and students) and S$58 for non-residents (S$53 for concessions). The experience runs daily from 10 AM to 8 PM, with complimentary entry for children under six, making it a must-see for art enthusiasts of all ages.

For more ticketing and more information about Behind the Canvas Series 1: Jean-Michel Basquiat, visit https://www.sistic.com.sg/events/basquiat0325.

Ticket Prices

Singapore Residents:

Adults: $48

Concession (Senior Citizens 65 and above, Student Pass): $43

Non-Residents:

Adults: S$58

Concession (Senior Citizens 65 and above, Student Pass): $53

Free Entry: Children under 6

Behind the Canvas Series 1: Jean-Michel Basquiat is open daily from 10 AM to 8 PM. (Last admission at 7 PM)

Copyrights & Trademarks

(a) Basquiat Images. The copyrights and all other intellectual property rights in the licensed Basquiat Images are and shall remain the sole and exclusive property of Grantor. Unless Grantor agrees to a different form of notice, each Event Item shall bear a copyright notice substantially in the following form:

© Estate of Jean-Michel Basquiat. Licensed by Artestar, New York.

Covenant ART

Covenant ART creates and produces original art-led immersive experiences that seamlessly blend storytelling and cutting-edge technology to captivate new audiences. We believe that the story and inspiration behind an artist's work can often be as beautiful as the artwork itself, and our goal is to bring that vision to life in every original experience we create. We work together with our partners to showcase the world’s most iconic contemporary artists in an innovative and immersive environment, cultivating a new generation of art lovers and enthusiasts.

For more information, please visit www.covenantexperiences.com

About House of Inspiration

House of Inspiration is an artistic platform that brings the coolest, most iconic, inspiring and boundary-breaking contemporary artists and creatives to cultural enthusiasts around the world through publishing, exhibitions, innovative products and experiences.

The mission of the platform is to cultivate appreciation of the arts, bringing more consciousness and positivity to the world through art, and encourage creative expression in all forms.

About Marina Bay Sands Pte Ltd

Marina Bay Sands is Asia’s leading business, leisure and entertainment destination. The integrated resort features Singapore’s largest hotel with approximately 1,850 luxurious rooms and suites, crowned by the spectacular Sands SkyPark and iconic infinity pool. Its stunning architecture and compelling programming, including state-of-the-art convention and exhibition facilities, Asia’s best luxury shopping mall, world-class dining and entertainment, as well as cutting-edge exhibitions at ArtScience Museum, have transformed the country’s skyline and tourism landscape since it opened in 2010.

Marina Bay Sands is dedicated to being a good corporate citizen to serve its people, communities and environment. As one of the largest players in hospitality, it employs more than 11,500 Team Members across the property. It drives social impact through its community engagement programme, Sands Cares, and leads environmental stewardship through its global sustainability programme, Sands ECO360.

For more information, please visit www.marinabaysands.com

Associate Partners

About AKG Ventures

AKG Ventures, a global macro hedge fund led by Franklin Li, combines advanced data and event analysis with deep research expertise. The firm transforms global macroeconomic events and market volatility into investment opportunities, believing that every fluctuation carries the potential to shape the future. Franklin is a legendary trader in Asia and has invested in and incubated several internationally renowned unicorns. He has a personal passion in the humanities & arts and is an avid collector and philanthropist.

About SEA Pixel

SEA Pixel Investments is a Singapore-based Venture Fund with investments spanning from South-east Asia, Hong Kong, China, Northern and Southern America. SEA Pixel investment portfolio includes well known companies such as Lalamove and Tencent-backed Xingsheng Youxuan, and is an early LP in Infinity Ventures Crypto (IVC) Fund, Web 3.0, GameFi and DeFi, co-investor with IVC.

About Meridian Alpha

Meridian Alpha Family Office leverages its extensive partner network to curate investment opportunities for our family and other ultra-high-net-worth families, focusing on long-term success and cultivating sustainable partnerships.

About Elevate

Elevate is a privately held, boutique real estate investment and asset management firm based in Singapore. Specializing in lifestyle-led real estate investments, Elevate aims to drive returns by combining an appreciation of emerging lifestyle trends with extensive experience in reimagining and repositioning high-potential real estate. We focus on crafting new experiences and transforming spaces into exciting, meaningful environments that enrich the lives of the communities it invests in. Our strong local relationships and deep networks enable us to identify and capitalize on unique opportunities, ensuring that we leverage on-the-ground insights and expertise to unlock the full value of each asset. For more information: www.elevate-capitalgroup.com

About FABLE by Danyi Gao

FABLE by Danyi Gao, is a modern F&B concepts consulting company started by Danyi Gao. Danyi, a Ningbo-born industrial designer turned chef, is a testament to the power of passion and perseverance. Educated in Singapore and the UK, Danyi made the bold decision to leave her design career behind to pursue her love for cooking, starting as a kitchen apprentice in Shanghai’s demanding culinary scene. Without formal culinary education, she worked her way up, gaining experience at renowned establishments like Mr & Mrs Bund and Le Sept before co-founding her own restaurant, Shake, in 2016.

Known for her creativity and fusion-style dishes that blend Eastern and Western flavors, Danyi's innovative approach led her to victory on Nicholas Tse’s popular cooking show Chef Nic, where she triumphed over seasoned chefs and secured a 1-million-yuan investment for her next culinary project. Through her journey, Danyi has redefined what it means to break boundaries, proving that determination and creativity can shape extraordinary careers.

About Yang Gallery

Yang Gallery is a leading contemporary fine art gallery that encompasses fashion, luxury, and investments. Through synergies in art curation and commercial acumen, the gallery serves a distinguished clientele of luxury groups, corporations, and prominent private collectors — while also providing guidance to contemporary art museums and academies internationally. With its global presence, Yang Gallery continues to bring creative and innovative experiences to the contemporary art worldwide.

About Alpha-Omega Holdings

Alpha-Omega Holdings is a family office based in Singapore and London, investing across real estate, and technology ventures, taking a long view towards preserving and growing multigenerational wealth while making a positive impact.

Follow us on social media - Instagram: @basquiatexperience.sg TikTok: @basquiatexperience.sg Facebook: basquiatexperience.sg RED: Behind The Canvas WeChat: Behind The Canvas

For media enquiries, please contact: JMB@invade.co

[acn-newswire]

Graid Technology Unveils SupremeRAID(TM) AE: The AI Edition Designed for GPU-Driven AI Workloads

Unleash breakthrough AI performance with GPUDirect Storage (GDS) and intelligent data offload with SupremeRAID(TM) AE (AI Edition).

SANTA CLARA, CA, Jan 7, 2025 - (ACN Newswire) - Graid Technology, the global leader in innovative storage performance solutions, is proud to announce the launch of SupremeRAID™ AE (AI Edition), the most resilient RAID data protection solution for enterprises leveraging GPU servers and AI workloads. Featuring GPUDirect Storage support and an intelligent data offload engine, SupremeRAID™ AE redefines how AI applications manage data, delivering unmatched performance, flexibility, and efficiency.

SupremeRAID™ AE (AI Edition)

Unleash Breakthrough AI Performance with GPUDirect Storage (GDS) and Intelligent Data Offload

SupremeRAID™ AE's cutting-edge technology empowers organizations to accelerate AI workflows by reducing data access latency and increasing I/O efficiency, while protecting mission-critical datasets with enterprise-grade reliability. Its seamless scalability enables enterprises to meet future AI demands without overhauling existing infrastructure. Designed for a wide range of users, SupremeRAID™ AE benefits AI/ML teams by delivering faster training and inference for data-intensive models, enterprises with GPU servers by optimizing GPU performance for critical workloads, and data scientists and researchers by providing seamless access to vast datasets without bottlenecks. IT teams also gain resilient, scalable RAID storage that integrates effortlessly into existing systems without requiring additional hardware.

SupremeRAID™ AE introduces a suite of features tailored to AI workloads, including:

GPUDirect Storage (GDS) Support: Transfers data directly from NVMe drives to GPU memory, bypassing the host memory to maximize I/O performance and minimize latency. This feature ensures faster, more efficient AI training and inference.

Intelligent Data Offload Engine: Optimizes GPU utilization, allowing enterprises to fully leverage their GPU investments for superior performance and efficiency.

Flexible Deployment Options: Start by sharing GPUs across workloads and transition to dedicated GPUs as demand increases, enabling seamless scalability with reduced upfront costs.

Diverse NVMe SSD Form Factor Support: Full compatibility with a wide variety of NVMe SSD form factors ensures easy integration into existing storage environments.

NVMe-oF (NVMe over Fabrics) Support: Extends storage capacity beyond a single host, offering scalability for massive datasets critical to AI innovations.

Clustering AI Converged Storage: Seamless compatibility with distributed file systems like BeeGFS, Lustre, and Ceph lowers external storage costs and reduces dataset migration efforts.

"SupremeRAID™ AE is a game-changer for enterprises seeking to unlock the full potential of their AI workloads," said Leander Yu, President and CEO of Graid Technology. "This product was designed specifically for GPU-driven AI applications, combining GPUDirect Storage support and an intelligent data offload engine to ensure unmatched performance and resiliency. With SupremeRAID™ AE, organizations can meet the growing demands of AI with ease and confidence."

SupremeRAID™ AE (AI Edition) will be available to the public in Q1 2025 through Graid Technology's extensive partner network, including T1 server manufacturers and system integrators. For more information, visit https://www.graidtech.com/product/supremeraid-ae/ or email info@graidtech.com.

Contact Information Andrea Eaken Director of Marketing, Americas & EMEA | Graid Technology andrea.eaken@graidtech.com 949-742-9928

[acn-newswire]

Asian Financial Forum held next week as the region's first major international financial assembly of 2025

- Fostering growth momentum and exploring new opportunities for global finance in a period of change

- The 18th Asian Financial Forum 2025 (AFF) will be held on 13 and 14 January (Monday and Tuesday), attracting more than 3,600 and finance and business heavyweights - Themed “Powering the Next Growth Engine”, the forum will examine new global business opportunities in different industries in 2025, exploring how Hong Kong can leverage its strengths as an international financial centre to seek breakthroughs in a period of change - This year’s AFF has invited more than 100 global business leaders and policymakers to speak, including Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012); Prof Stuart Russell, Co-Chair of the World Economic Forum's Council on AI; Dr Kai-Fu Lee, Chairman of Sinovation Ventures; and Joe Tsai, Chairman of the Alibaba - Representatives from organisations such as AXA, Citigroup, Federated Hermes, HSBC, Lenovo, Primavera Capital Group and more will showcase Hong Kong’s draw as an international financial and business hub - The Gulf Cooperation Council Chapter, a new addition to this year's forum, will focus on opportunities in financial collaboration between member states of the GCC and Hong Kong

HONG KONG, Jan 7, 2025 - (ACN Newswire) – The 18th Asian Financial Forum 2025 (AFF), co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), will be held at the Hong Kong Convention and Exhibition Centre (HKCEC) on 13 and 14 January (Monday and Tuesday). As the region’s first major international financial conference in 2025, the forum will examine the landscape for new business opportunities in various industries and regions in the coming year and promote global cooperation, and is expected to attract more than 3,600 finance and business heavyweights.

Themed “Powering the Next Growth Engine”, the AFF will bring together more than 100 global policymakers, business leaders, financial experts and investors, entrepreneurs, tech companies and economists to share their views on the shifting global economic landscape and financial ecosystem. These industry experts will dissect the risk management strategy, discover new business opportunities, and explore how Hong Kong can seek breakthroughs in a period of change.

First flagship financial event to showcase Hong Kong's financial strengths

Launched in 2007, the AFF has become a flagship financial event for Hong Kong and the broader region, highlighting the city's pivotal role as a globally renowned financial hub with a highly competitive economic and business environment. Amid a rapidly changing global macroeconomic landscape, and shifts in geopolitical dynamics and monetary policies, Hong Kong's financial services sector continues to leverage its strengths across various domains, drawing on its world-class business infrastructure and robust regulatory regime to help drive cooperation and mutual success across Asia and around the world.

Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR Government, said: “Hong Kong’s financial market went through a lot of reforms and innovation last year. We have also launched a roadmap on sustainability disclosure in Hong Kong and issued a policy statement on responsible application of artificial intelligence in the financial market with a view to boosting green finance and sustainable financing. The upcoming Asian Financial Forum will gather the top-tier of the financial and various sectors from all around the world, the Mainland and in Hong Kong and hence is the perfect occasion for us to showcase to the world the new momentum and latest advantages of Hong Kong in the financial realm. Participants will also have a chance to learn more about how Hong Kong can partner with them to explore new collaborations and development areas while expanding their network here.”

Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive Officer, Hong Kong, of HSBC, said: "The global economy faces greater uncertainties in 2025 compared to 2024. However, robust growth in India and ASEAN nations, combined with increased policy support from Mainland China, is expected to keep Asia’s (ex-Japan) GDP growth at a strong 4.4%, well above the global average of 2.7%.” Against this backdrop, this year’s Asia Financial Forum is aptly themed “Powering the Next Growth Engine” and will focus on high-potential markets such as ASEAN, the Middle East (particularly the Gulf Cooperation Council countries), and the role that Hong Kong can play. Ms Lim said Hong Kong's unique role as a bridge between the mainland and international markets allows it to support mainland enterprises expanding globally. She added that Hong Kong is committed to attracting global talent and investors, driving growth for both mainland and international businesses.

Patrick Lau, HKTDC Deputy Executive Director, said: “As we move into the new year, different economies around the world are facing challenges in maintaining economic growth. As an international financial centre, Hong Kong is playing an important role both as a ‘super-connector’ and a ‘super value-adder’ to link the world, enabling investors and fundraisers to leverage the city’s professional services and investment platforms to facilitate collaboration and create business opportunities. This year's forum not only brings together heavyweight speakers and thought leaders but also builds on the success of previous years to provide a business platform for international participants, promoting financial and business cooperation and working together to launch new engines for growth.”

Exploring new trends as the world’s economic centre of gravity continues its shift east

Reflecting on a trend where the world's economic centre of gravity continues to take an eastward shift, Christopher Hui will host two plenary sessions on emerging prospects in the region on the first day of the forum (13 January). The morning session of Plenary Session I will feature H.E. Adylbek Kasymaliev, Prime Minister of Kyrgyzstan, finance ministers from countries such as Pakistan and Luxembourg, and Yoshiki Takeuchi, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD), who together will explore the financial policy outlook for 2025. In the afternoon, Plenary Session II will bring together leaders from multilateral organisations to share their views on the role of multilateral cooperation in regional economic development. Speakers will include Roberta Casali, Vice-President, Finance and Risk Management, Asian Development Bank; Jin Liqun, President and Chair of the Asian Infrastructure Investment Bank (AIIB); and Satvinder Singh, Deputy Secretary-General for ASEAN Economic Community, Association of Southeast Asian Nations (ASEAN). Moreover, a new session, the Gulf Cooperation Council Chapter, will bring together HE Jasem Mohamed AlBudaiwi, Secretary General of the Gulf Cooperation Council (GCC), speakers from the Middle East and local experts to discuss prospects in fostering financial cooperation and investment between the member states of the GCC and Hong Kong.

Also on the first day, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, will host the Policy Dialogue session with speakers including European representatives such as Philip Lane, Chief Economist and Member of the Executive Board of the European Central Bank, and Dr Olli Rehn, Governor of the Bank of Finland. The discussion will explore the opportunities and challenges arising from the global shift towards more accommodative monetary policies and national authorities�� strategic deployment of measures to revitalise their economies and accelerate growth through innovation.

The panel discussion on China Opportunities returns this year with senior figures invited to analyse investment prospects under China’s commitment to technological innovation and its impact on global business. The panellists included Li Yimei, Chief Executive Officer of China Asset Management; and Ken Wong, Executive Vice President of Lenovo and President of Lenovo Solutions & Services Group.

Top economist and leading AI expert take the stage at keynote luncheons

Another highlight of this year’s AFF will be the two keynote luncheons featuring thematic speeches by two distinguished guests: Prof Justin Lin Yifu, Chief Economist and Senior Vice President of the World Bank (2008-2012), and Prof Stuart Russell, Co-chair of the World Economic Forum Council on AI. These two prominent figures will dissect the evolution of the global economic landscape amid changing international dynamics, and examine how artificial intelligence (AI) is emerging as a new driving force for rapid global economic growth respectively.

Exploring hot topics in the financial and economic sectors

The afternoon panel discussion, Global Economic Outlook, will feature a special address from Liu Haoling, Vice Chairman, President and Chief Investment Officer, China Investment Corporation. The panel will analyse international economic trends and provide insights into business opportunities and wealth accumulation in emerging industries and regions in 2025.

Other sessions titled Global Spectrum, Dialogues for Tomorrow and Thematic Workshop will feature in-depth discussions focusing on the latest industry trends, including AI, Web 3.0, sustainability, philanthropy and family offices. As AI becomes increasingly widespread and diversified in its societal applications, the second day of the forum will introduce a special session, Dialogue with Kai-Fu Lee, in which Dr Kai-Fu Lee, Chairman of Sinovation Ventures, will discuss the transformative power of AI and its impact on technological advancements in the global business ecosystem.

Exploring the impact of sustainable disclosure on investment strategies

Sustainable finance and environmental, social and governance (ESG) considerations have become an irreversible global trend. In 2025, Hong Kong is set to fully align its regulatory framework with the sustainability disclosure standard of the International Sustainability Standards Board (ISSB). Sue Lloyd, Vice Chair of the ISSB, will join other experts in discussing how adopting international financial sustainability disclosure standards can strengthen market confidence in Hong Kong's capital markets, address post-COP29 implementation in Asia, and share strategies for sustainable investing across three separate sessions. In addition, the Breakfast Panel on the second day will focus on the flows of transition finance in shaping a sustainable future in the Greater Bay Area and beyond. Furthermore, the HKTDC has partnered with EY to conduct a joint market survey on sustainable development, aiming to explore the views and practices of Asian businesses and investors on topics such as sustainability reporting, sustainable finance and preparations for dealing with climate change. The results of the survey will be unveiled on the first day of the forum.

Expanding cross-border opportunities through the HK global investment platform

As a key element of this year’s forum, AFF Deal-making offers one-on-one matching services for project owners and investors. More than 270 investors and 560 projects are expected to participate, with investment opportunities across industries such as environmental, energy, clean technology, food and agriculture tech, healthcare tech, fintech and deep technology. The exhibition sections of the AFF – Fintech Showcase, InnoVenture Salon, FintechHK Startup Salon and Global Investment Zone – will attract more than 130 local and global exhibitors, international financial institutions, technology companies, start-ups, investment promotion agencies and sponsors, including Knowledge Partner EY, HSBC, Bank of China (Hong Kong), Standard Chartered Bank, UBS, Prudential, China International Capital Corporation (CICC), Huatai International and more. Notably, the InnoVenture Salon will provide a platform for more than 100 start-ups to showcase innovative technologies in a variety of fields such as finance, regulation, sustainability, health and agriculture, supported by more than 110 Investment Mentors and Community Partners.

IFW 2025 creates synergies with AFF to boost mega event economy

International Financial Week (IFW) 2025 runs from 13 to 17 January with the AFF as its highlight event. This year’s IFW will feature more than 20 partner events, covering a wide range of global financial and business topics, including private equity, family offices, net-zero investing and generative AI. As the region’s first major financial event of the year, the AFF attracts top global enterprises and leaders to Hong Kong, creating connections between capital and opportunities. The forum assists industry professionals in seizing opportunities in the new year and helps promote the mega event economy in Hong Kong.

This year, the AFF has collaborated with various organisations to provide special travel, dining and shopping discounts and privileges for overseas participants joining the event. Activities include Peak Tram and Sky Terrace trips, the iconic Aqua Luna red-sail junk boat, and guided tours of Man Mo Temple and Tai Kwun arranged by the Hong Kong Tourism Board. Participants can also enjoy dining discounts and guided tours from the Lan Kwai Fong Group, as well as the Winter Wonderland at the Hong Kong Jockey Club’s Happy Wednesday at Happy Valley Racecourse, all designed to immerse overseas visitors in the vibrancy and diversity of Hong Kong.

Websites:

Asian Financial Forum:  https://www.asianfinancialforum.com/conference/aff/en Programme: https://www.asianfinancialforum.com/conference/aff/en/programme Speaker list: https://www.asianfinancialforum.com/conference/aff/en/speaker

Media representatives who would like to conduct interviews with AFF speakers should submit interview requests to ayiu@yuantung.com.hk or lsong@yuantung.com.hk by 8 January 2025.

Photo download: https://bit.ly/3DIqYZL

Media enquiries

Yuan Tung Financial Relations:

Agnes Yiu

Tel: (852) 3428 5690

Email: ayiu@yuantung.com.hk

Louise Song

Tel: (852) 3428 5691

Email: lsong@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:

Katy Wong

Tel: (852) 2584 4524

Email: katy.ky.wong@hktdc.org

Clayton Lauw

Tel: (852) 2584 4472

Email: clayton.y.lauw@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

[acn-newswire]

CleverTap Predicts Key Trends for Customer Engagement in 2025

AI Agents, Customer-Led Interactions And Other Defining Trends Take Center Stage in CleverTap's 2025 Customer Engagement Trend Predictions

SAN FRANCISCO, CA & MUMBAI, Jan 7, 2025 - (ACN Newswire) - CleverTap, the all-in-one customer engagement platform, has published a report on the top five trends that will shape the marketing and customer engagement space in 2025. It provides an analysis of the future of the customer engagement and retention landscape, offering insights into the strategies companies are expected to adopt in the upcoming year.

With the initial euphoria of GenAI waning out in just a year, organizations are in the midst of conversations about its tangible business value and outcomes. As AI transitions from being a disruptor to an enabler in 2025, here are some key customer engagement and retention trends that are sure to make an impact in 2025.

1. From Push to Pull: Generative AI-driven Wave of Customer Interactions

With GenAI’s mass adoption in 2024, communication has moved from brand-led to customer-led. Industries saw a shift in their customers using queries as their primary medium to interact with the brand. 2025 will further solidify this trend from brand-driven click and swipe-based interactions (push) to user-driven, prompt-based dynamic, conversational experiences (pull) powered by GenAI. While the number of touchpoints for marketers will be reduced, the quality of exchange will become more important once businesses understand how to optimize it. The rise of GenAI will continue to bring high efficiency, enabling brands to gain real-time insights and feedback, and empowering them to make swift improvements.

2. Personalization vs Privacy: Navigating a Balanced Approach

Personalization is the norm for marketers. However, for today’s customers, hyper-personalisation only works when executed contextually and transparently. Marketers therefore will have to take a privacy-first approach while crafting meaningful experiences. Moving forward, investment in mechanisms for first-party and zero-party data collection will be vital, along with strict adherence to privacy regulations. By prioritizing transparency and safeguarding user data, businesses can foster deeper trust and loyalty among their customers.

3. Martech’s Evolution from a Fixed Tech Stack to a Living Cartography

The Martech landscape is changing rapidly to meet new demands and most businesses still operate with rigid and fragmented tech stacks consisting of traditional siloed tools. This poses a challenge for marketers as the failure of one tool can create a domino effect causing problems in the entire stack. To address this, the concept of "living cartography" holds immense promise. Unlike traditional stacks, this concept envisions a dynamic, interconnected ecosystem where tools adapt and evolve in real-time. This approach fosters seamless data exchange and reduces the risk of system-wide failures by minimizing dependencies across tools. For marketers, this shift means greater agility in meeting the growing demand of ever-changing customer preferences. 

4. The Rise of AI Agents

AI agents are the next evolution in the AI landscape, poised to grow significantly this year. Their value lies in the ability to act beyond basic response mechanisms, driving smarter interactions. Companies will focus on AI agent functionalities to analyze real-time sentiments and tailor recommendations for customers while also providing 24/7 multi-lingual support. From a business standpoint, the use case will include boosting operational efficiency and improving decision-making. Eventually, we will see AI clones of marketers for processes like customer support, and sales interactions. AI copilots will enable businesses to get a competitive edge by automating tasks and optimizing workflows.

5. Customer Retention over Acquisition 

The current economic and geopolitical situation alongside a shift in customer priorities has exacerbated the challenge of acquiring new customers, making the process more expensive as well. Companies have recognized the value of customer loyalty as opposed to the “growth at any cost” outlook and the industry is now focussing on customer retention as a strategic priority. In addition to hyper-personalization, brands will continue to innovate their loyalty programs and incentives to meet customer expectations. 

Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “AI's promise in marketing will truly come alive in 2025 – where it will transition from being a mere disruptor to a trusted enabler, unlocking authentic, customer-driven engagement. As brands navigate this new paradigm, success will come down to building genuine connections and striking a healthy balance between personalization and privacy, all while staying adaptable in the face of customer demands. At CleverTap, we remain committed to guiding businesses through these shifts, empowering them to advance their capabilities and drive meaningful, enduring customer relationships.”

Click here to download the report, The Customer Engagement Crystal Ball: Top Trends to Watch Out for in 2025.

About CleverTap

CleverTap is the leading all-in-one customer engagement platform that helps brands unlock limitless customer lifetime value. CleverTap is trusted by over 2000 brands like Decathlon, Domino’s, Levis, Jio, Emirates NBD, Puma, Croma (A Tata Enterprise), Swiggy, SonyLIV, Axis Bank, AirAsia, TD Bank, Ooredoo, and Tesco to help build personalized experiences for all their customers. The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering speed and cost efficiency at scale.

Backed by top-tier investors such as Accel, Peak XV Partners, Tiger Global, CDPQ and 360 One, the company is headquartered in San Francisco, with presence across Seattle, London, São Paulo, Bogota, Mexico, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, Vietnam, and Jakarta.

For more information, visit clevertap.com or follow us on: LinkedIn: https://www.linkedin.com/company/clevertap/ X: https://twitter.com/CleverTap

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:

SONY SHETTY Director, Communications, CleverTap +91 9820900036 sony@clevertap.com

ASHMIT CHAUDHARY Associate Consultant, Archetype +91 8850752121 ashmit.chaudhary@archetype.co