SpaceX is approaching its first major post-listing share release, with stock worth about $116 billion becoming eligible for sale after the rocket and satellite group publishes its maiden quarterly results as a public company. The release could sharply expand the number of SpaceX shares available to investors and test demand following a volatile first month on the Nasdaq. Employees and some early shareholders will be permitted to […]
A new regional network aims to change that.
The Professional Services (PS) Centre Singapore, officially launched today by Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development, is the latest addition to a growing network of Professional Services Centres that connects businesses with trusted professional expertise across Asia.
Located at Level 2 of ISCA House, the Singapore PS Centre will serve as the anchor hub of the regional network, linking businesses to PS Centres in Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with Jakarta expected to join later this year. Future centres are also planned in Bangkok, Johor Bahru and Shenzhen.
Rather than building another office, the PS Centre is building something different, a trusted regional network where businesses can access local knowledge, professional expertise and business connections through one coordinated platform.
The initiative is led by the PS Centre Alliance, comprising the Association of Small & Medium Enterprises, Institute of Valuers & Appraisers, Singapore Business Federation, Singapore Chinese Chamber of Commerce & Industry, Singapore Manufacturing Federation, Tax Academy of Singapore, The Law Society of Singapore and the Institute of Singapore Chartered Accountants (ISCA).
Helping businesses solve real problems
As businesses expand across borders, the challenges they face have become more complex. They are no longer limited to setting up an office or understanding local regulations. Companies today are responding to geopolitical shifts, changing trade policies, supply chain realignment, AI disruption, cyber risks and growing sustainability expectations, while trying to build trusted relationships in unfamiliar markets. No single profession can solve these challenges alone.
The PS Centre brings together professionals from different disciplines, including legal, accounting, tax, corporate secretarial, HR, valuation, sustainability and business consulting, so businesses can access coordinated support instead of approaching each profession separately.
Beyond professional advice, businesses can tap on local business associations, government agencies, chambers of commerce and ecosystem partners connected through the PS Centre network.
More than a networking platform
The Singapore PS Centre will also introduce the Business Growth Clinic, a new initiative where business owners can bring real business challenges to a multidisciplinary panel of professionals.
Whether the challenge is expanding overseas, adopting AI, raising capital, restructuring a business or planning succession, businesses will receive practical guidance and be connected with the right professionals to help move their plans forward.
Early results from the network
Although the network is still in its early stages, businesses are already seeing results. Through the Shanghai PS Centre, Singapore based accounting firm Unity Assurance secured new business opportunities in China and subsequently established a joint venture with a local partner.
The Nanjing PS Centre supported firms such as Morningstar and Fiducia LLP with local business introductions, office setup and talent connections as they expanded into China. In Vietnam, the Ho Chi Minh City PS Centre has supported Singapore businesses such as Koda Ltd and JDI Ventures in navigating different aspects of regional expansion, such as guidance on pressing cross-border matters and local business introductions to support market entry. The Centre has also connected Vietnamese technology companies such as Techvify and Vinova with relevant networks and market insights to support their entry into Singapore.
These examples demonstrate how trusted local networks can shorten the time needed for businesses to enter new markets while reducing uncertainty.
Strengthening Singapore’s position as a trusted business hub
The Singapore PS Centre complements Singapore’s position as a global business and financial hub by extending trusted professional services into key markets across Asia.
As more centres are established, businesses will be able to tap on one connected network instead of building relationships from scratch in every country.
For Singapore professional services firms, it also creates new opportunities to support clients expanding overseas and to build partnerships with firms across the region.
Mr Lee Boon Teck, President, ISCA, said: “Business is becoming increasingly regional, but professional services are still largely organised country by country. Companies expanding overseas often spend months trying to identify trusted advisers and build local networks. The PS Centre network changes that. We are bringing together trusted professional firms, business associations and local partners across Asia, making it easier for businesses to expand with confidence. Our vision is simple. Wherever a business chooses to grow in Asia, there should be a Professional Services Centre ready to support that journey.”
Ms Junie Fo, Vice President & Head, Professional Services, Singapore Economic Development Board, said “Professional services firms play a critical role in helping Singapore-based enterprises navigate the rapidly evolving global business environment. The Singapore PS Centre will provide access to different professional services to support enterprises’ regional growth needs. EDB looks forward to working with members of the PS Centre Alliance to advance the Professional Services ecosystem.”
About the Professional Services Centre
The Professional Services Centre is a collaborative initiative by the PS Centre Alliance to support businesses expanding across borders through trusted professional expertise, local business networks and market access. The network currently spans Singapore, Hongqiao (Shanghai), Ho Chi Minh City and Nanjing, with further expansion planned across Asia and the Middle East.
Hashtag: #ISCA #CharteredAccountants #ProfessionalServices #ProfessionalServicesCentre #DifferenceMakers #Accounting #Accountancy
The issuer is solely responsible for the content of this announcement.
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By Dr. Gyan Pathak Cockroach Janata Party movement was reported in a section of media as one of the reasons for abrupt removal of Delhi Police Commissioner Satish Golcha on Friday July 17, 2026, who was replaced by Anurag Kumar. A day after, in the early hours of Saturday July 18, 2026, Delhi Police removed […]
The article CJP Movement Has Become Big Enough, Can’t Be Suppressed appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 20 July 2026 – As Malaysians increasingly embrace grab-and-go lifestyles and quality coffee on the move, 7-Eleven Malaysia today marked a major milestone with the opening of its 1,000th CAFé by 7-Eleven outlet at Kuala Lumpur International Airport (KLIA) Terminal 1, reinforcing its commitment to making quality food and beverages more accessible wherever customers are.
Located at Level 5, next to the Domestic Departure Gate at KLIA Terminal 1, the milestone café places freshly brewed coffee, hot meals and ready-to-eat favourites within easy reach of one of Malaysia’s busiest transport hubs. KLIA Terminal 1 serves approximately 28 to 30 million passengers annually, with around 13,000 to 14,000 departing and arriving travellers each day. During peak operating hours, the terminal can accommodate nearly 6,800 passengers per hour, while festive travel periods see passenger volumes surge significantly.
More than just another store opening, the milestone reflects how CAFé by 7-Eleven has evolved into an integral part of Malaysians’ daily routines, serving everyone from busy professionals grabbing their morning coffee to students on the go, families travelling home, and holidaymakers beginning their next adventure.
With more Malaysians seeking convenient, quality food and coffee throughout the day, CAFé by 7-Eleven has steadily expanded to meet evolving consumer lifestyles. The opening of its 1,000th outlet at KLIA marks another milestone in bringing that convenience to one of Malaysia’s busiest travel gateways.
The choice of KLIA for this milestone reflects 7-Eleven Malaysia’s strategy of expanding into high-traffic locations where convenience matters most. As consumer lifestyles become increasingly mobile, transport hubs have become key destinations for quick, quality food and beverage solutions, allowing CAFé by 7-Eleven to better serve travellers at every stage of their journey.
Commenting on the milestone, Mr. Wong Wai Keong, Co-CEO of 7-Eleven Malaysia Sdn. Bhd., said the opening of the company’s 1,000th CAFé by 7-Eleven represents more than a numerical milestone. It reflects how consumer expectations and lifestyles have evolved over the years.
“Today’s customers expect quality coffee, fresh meals and convenience wherever they are, whether they’re heading to work, commuting across town or catching a flight. Over the years, we’ve transformed CAFé by 7-Eleven into a destination that fits naturally into those everyday moments. Convenience today is no longer just about being nearby. It’s about being exactly where customers need us most, whether that’s in neighbourhoods, commercial districts or one of the country’s busiest airports.”
“There is no better place to celebrate this milestone than KLIA, one of Malaysia’s busiest travel gateways. Millions of passengers pass through the airport every year, making it the ideal location for us to demonstrate how convenience retail can better serve today’s increasingly mobile consumers. Whether they’re catching an early morning flight, returning home or travelling for business, we want CAFé by 7-Eleven to be part of that journey.”
As one of Malaysia’s largest convenience retailers, 7-Eleven continues to evolve beyond traditional retail by expanding CAFé by 7-Eleven across neighbourhoods, commercial districts, hospitals, transport hubs and major travel gateways. Offering an expanding range of food, beverages and ready-to-enjoy meal options, the growing network reflects the company’s commitment to making quality food and beverages more accessible wherever customers need them.
The KLIA outlet represents another step in that strategy, enhancing the travel experience by ensuring customers can conveniently enjoy fresh food and beverages before departure without compromising on quality or speed.
Today, with more than 2,700 stores nationwide and 1,000 CAFé by 7-Eleven outlets, the company continues to strengthen its position as Malaysia’s leading convenience retailer by adapting to evolving consumer expectations through innovation, accessibility and everyday convenience.
As Malaysians continue to embrace increasingly mobile lifestyles and seek greater convenience in their daily routines, 7-Eleven Malaysia remains committed to expanding CAFé by 7-Eleven into locations where quality food and beverages are needed most. Guided by its promise of “Always There For You”, the company will continue bringing greater convenience to customers wherever life takes them.
Hashtag: #7eleven
The issuer is solely responsible for the content of this announcement.
7-Eleven Malaysia Holdings Berhad through its subsidiary 7-Eleven Malaysia Sdn. Bhd. is the owner and operator of 7-Eleven stores in Malaysia. Incorporated on 4 June 1984, 7-Eleven Malaysia has made its mark in the retailing scene and has been a prominent icon for over 40 years. 7-Eleven Malaysia is the pioneer and largest 24-hour standalone convenience store operator in Malaysia with over 2,700 outlets nationwide and serves more than 1 million customers daily. 7-Eleven stores can be found across bustling commercial districts to serene suburban residential compounds throughout Malaysia, from petrol stations and LRT stations to shopping malls and medical institutions. My7E loyalty app boasted an impressive membership of 3.7 million users. As we forge ahead, our commitment remains steadfast in enriching the experience for our valued members, offering an array of rewards that enhance their journey as My7E enthusiasts. 7-Eleven is Always There For You. To learn more, please visit our website at 
www.7eleven.com.my
SHANGHAI, CHINA – Media OutReach Newswire – 20 July 2026 – On 17 July, the 2026 World Artificial Intelligence Conference (WAIC) officially opened in Shanghai. UnionPay unveiled three proprietary AI technologies developed for the financial sector at the Shanghai exhibition area: financial transaction time-series foundation model, the Agentic Payment Open Protocol (APOP) framework, and a privacy-preserving large language model inference solution. As the AI era unfolds, the showcase highlights UnionPay’s continued commitment to accelerating the adoption of digital and intelligent technologies.
On 18 July, UnionPay hosted the Release of Phased Achievements of the National Pilot Base for AI Application (Financial Sector) at the UnionPay Center alongside WAIC 2026. The event brought together more than 100 representatives from commercial banks, Chinese and international partners, leading technology companies, academia, and research institutions. During the event, UnionPay released its “1+6+N” AI achievements framework, announced a series of industry partnerships, and launched a joint initiative calling for greater collaboration on the development and governance of the financial industry. These achievements demonstrate the progress of the National AI Application Pilot Base in building an open innovation platform that accelerates AI adoption across the industry.
Dong Junfeng, Chairman of China UnionPay and UnionPay International, attended the event and delivered a keynote speech. He noted that AI is rapidly reshaping the financial industry. Since the National AI Application Pilot Base was launched in 2025, it has delivered a number of meaningful outcomes through close collaboration across the industry. Mr. Dong elaborated on the vision for the development of the base from through three dimensions: sharing, collaborative governance, and mutual benefits. First, by pooling computing resources, data and models on a centralized public platform, the base helps address industry challenges such as the high cost of computing resources and data silos. This lowers barriers to AI adoption across the financial sector. Second, the base has strengthened AI security by building robust safeguards for large language models and applying AI to enhance transaction risk management and cybersecurity. Such efforts are made to support a safer and more resilient financial ecosystem. Third, the base is accelerating the AI adoption across real-world use cases. It has incubated a range of commercial AI solutions spanning agentic payments, credit risk management, consumption promotion and merchant digital transformation, turning technological innovation into tangible business value. Looking ahead, the future of AI + Finance holds enormous potential. UnionPay looks forward to working with partners across industries to build an open, shared, and well-governed financial AI ecosystem that supports the development of new productive forces through technological innovation.
A highlight of the event was the official launch of UnionPay’s “1+6+N” AI achievements framework.
The “1” represents a unified portal—the National AI Application Pilot Base. Built on a “One Portal, Six Centers” structure, it integrates six specialized centers covering models, datasets, applications, talent development, supply-demand matching, and financial services. Together, the platform currently hosts 11 models, 14 datasets, 59 demonstration applications, and 61 service offerings, bringing together 145 core resources in total.
The “6” refers to six independent and controllable capabilities, including computing resources scheduling through a trusted intelligent computing sharing platform, high-quality financial datasets, finance-specific foundation models, AI-powered financial security services, financial AI standards, and a pilot testing sandbox that supports model training and evaluation. Together, these six capabilities form the base’s shared technology foundation, providing ecosystem partners with the core technical infrastructure.
The “N” represents a portfolio of benchmark use cases, standardized AI solutions, and demonstration applications built on this technology foundation. These applications span five key areas—intelligent payments, inclusive finance, consumption growth, risk management and compliance, and operational excellence—building a multi-tier product portfolio serving consumers, merchants, local governments and financial institutions. This accelerates the application of AI capabilities across diverse use cases.
Together, the “1+6+N” framework of the base connects computing power, data, models, and use cases and forms an end-to-end value chain. By addressing common industry challenges—including limited computing resources, data silos and the high cost of AI deployment—it delivers standardized and widely accessible AI capabilities, providing the financial industry with reusable, highly secure and one-stop AI solutions for intelligent transformation. This also reflects UnionPay’s commitment not only to driving its own business growth, but also to enabling the industry through foundational capabilities and reinforcing financial infrastructure for the AI era.
These achievements have already been made available to industry partners and are beginning to create value. For banks, acquirers and other financial institutions, UnionPay’s shared infrastructure enables rapid access to mature financial AI capabilities without the need to build systems from scratch, significantly reducing both technical barriers and implementation costs. For merchants, UnionPay offers AI-powered marketing, digital analytics and intelligent risk management tools to support smarter operations, improve customer engagement and enhance operational efficiency, enabling even small and medium-sized businesses to benefit from AI innovation. For technology companies and other ecosystem partners, the base enables partners to rapidly adapt AI products for financial applications and complete compliance validation, accelerating the commercialization of technological innovations.
The event also featured six rounds of partnership signing ceremonies, covering areas including AI-themed card, cross-border agentic payment ecosystem development, AI-powered operational empowerment for merchants, joint commercialization of pilot base innovations, and broader ecosystem collaboration across the financial industry chain.
Following the signing ceremonies, UnionPay released the Initiative on the Collaborative Development and Governance of AI Applications in Financial Services, with representatives from participating organizations joining the stage to witness its launch. Building on the “1+6+N” framework, the initiative calls on industry stakeholders to collaborate in four areas: First, advancing trusted AI systems that serve the real economy by establishing governance mechanisms for traceable and explainable algorithms while safeguarding data privacy and security; Second, strengthening collaboration among industry, academia, research institutions and users, leveraging the base to jointly advance core technologies and develop independent and secure financial AI infrastructure; Third, promoting openness and inclusiveness by sharing mature AI models, testing services and implementation solutions to reduce the cost of intelligent transformation, particularly for SMEs; Fourth, improving lifecycle governance through tiered risk management, enhanced compliance standards and coordinated risk prevention. The initiative calls on all industry stakeholders to work together by jointly strengthening the foundation, unlocking greater value through shared capabilities, and reinforcing collaborative governance, with the goal of advancing the sound development of AI in the financial sector and driving digital finance through technological innovation.
Hashtag: #UnionPay
The issuer is solely responsible for the content of this announcement.
SHANGHAI, CHINA – Media OutReach Newswire – 19 July 2026 – ACE ROBOTICS today unveiled Kairos 3.1, its latest action-oriented world model, alongside Ambient Capture Engine 2.0 and three commercial solutions spanning instant retail, hospitality and outdoor service scenarios.
The announcements were made at a forum ACE ROBOTICS organized during the 2026 World Artificial Intelligence Conference, convened around the theme of advancing physical AI from “understanding” to “execution.” The event brought together economists, technology executives and embodied AI researchers to examine how general-purpose world models can move from laboratory research to industrial deployment.
The forum also marked the launch of PHYSICAL IQ, a unified benchmark for embodied physical intelligence. It was jointly initiated by the Shanghai Artificial Intelligence Association, the Shenzhen Loop Area Institute and the East China branch of the China Academy of Information and Communications Technology, with participation from more than 20 universities and industry partners.
Thomas J. Sargent, Nobel laureate in Economic Sciences, discussed the limitations of current intelligent systems in rare and previously unseen situations.
A world model built for the physical world
“In the digital world, a model error may result in a flawed image or paragraph. In the physical world, an incorrect action can have real consequences,” said Wang Xiaogang, Chairman of ACE ROBOTICS. “Kairos 3.1 is built around a first-principles approach to embodied world models, helping robots act more reliably in complex and uncertain environments, and accelerating the arrival of physical AI’s Kairos moment.”
Kairos 3.1 is designed as a natively unified model that integrates generative, physical and cognitive intelligence within a single architecture, rather than combining separately developed capabilities.
Built on a hybrid Transformer architecture with a shared mixed-attention mechanism, it brings visual observations, language instructions, force and tactile signals, and policy trajectories into a unified latent space.
This supports an “understand, reason, execute and reflect” loop. The model can break down long-horizon tasks, simulate physical cause and effect across multiple scenarios, rank candidate actions, execute the selected strategy and evaluate the outcome for further adjustment.
At the core of its spatial understanding is ACE-BRAIN-0.5. ACE ROBOTICS said it has achieved state-of-the-art results across 12 public evaluations covering spatial understanding, navigation, manipulation and task-progress assessment, among publicly reported models as of July 2026.
In a household laundry scenario, for example, a robot can identify spatial relationships between objects, divide a task into more than a dozen steps and verify each stage in real time. If a failure occurs, it can identify the affected step and restart from that point rather than repeating the entire task.
For physical generation and reasoning, Kairos-HomeWorld supports whole-home scene generation and object interaction. It is built on 300,000 residential floor plans, 5,000 simulated home environments and 8,700 3D assets covering six categories of physical properties, designed to reflect common residential layouts in China.
The model can simulate multiple action trajectories in parallel and rank them based on predicted success and execution cost before sending instructions to a physical robot.
In internal testing, the Kairos 3.1 8B model achieved an inference latency of 125 milliseconds on the NVIDIA Jetson Thor platform at BF16 precision. Its in-house KairosRT computing engine supports real-time, on-device inference.
Kairos 3.1 also incorporates self-reflective iteration. When an action fails, the robot can evaluate the result and adjust its strategy. In one test, for example, it changed from a three-finger to a four-finger grasp after an unsuccessful attempt and subsequently completed the task.
From high-density data to continuous learning
ACE ROBOTICS also introduced what it calls the “Information-Density Law” for embodied models: the value of data is determined not only by its volume, but by whether it contains information capable of changing the outcome of an agent’s actions.
ACE ROBOTICS classifies embodied data across five information-density levels, from L1 to L5. L1 and L2 data support foundational pre-training; L3 and L4 data remain focused on known tasks; and at L5, data incorporates three-dimensional force and tactile signals, failure-recovery trajectories and variables from open environments. The company says these higher-density forms of interaction data support stronger generalization, reflection and continuous learning.
Built on this principle, Ambient Capture Engine 2.0 is a human-centric system for capturing, processing and reusing high-density physical-interaction data.
ACE Ego Kit is a lightweight wireless wearable comprising head, hand and chest components. It includes the ACE Sense Glove, which offers sensitivity of 0.01 newtons and a joint-angle error of less than two degrees. The system can synchronize data from more than 20 heterogeneous sensors with a timing error of less than one millisecond.
ACE Data Engine is an automated data-production platform for continuous, high-precision annotation of long-horizon tasks. It incorporates ACE-ViDiHand, a generative 4D hand-motion-capture framework designed to track movements despite occlusion and rapid motion, which ACE ROBOTICS reports led across three public benchmarks (ARCTIC, HOT3D and HOI4D) as of July 2026. The company recorded a frame-level accuracy of 0.997 and up to a 4.8-fold improvement in motion smoothness.
ACE Ego Matrix standardizes embodied data across four dimensions: spatial coordinates, embodiment structure, action timing and data quality. It is designed to align data collected by different operators, devices and robot platforms for reuse across systems. ACE ROBOTICS has open-sourced the framework, which it says placed first on the RoboCase and RoboTwin leaderboards.
ACE ROBOTICS also announced the open release of ACE-Data-0, an L5 household-interaction dataset featuring complex physical tasks and high-precision annotations.
Three solutions moving into commercial operation
Building on its data infrastructure and Kairos world-model capabilities, ACE ROBOTICS introduced three standardized industry solutions designed for deployment within existing commercial workflows.
Xiaoman, its integrated fulfillment solution for instant retail, is paired with the new W1 fulfillment robot. The W1 has a robot-to-payload weight ratio of less than 2:1, force-control precision within one newton and a minimum required aisle width of 75 centimeters, making it suitable for high-density shelving environments. It is able to grasp both flexible packaging and rigid goods.
The solution connects robot hardware, world-model capabilities, motion control, product information, warehouse locations and order management. It supports lightweight deployment within days across flash-fulfillment warehouses, small-format stores and integrated warehouse-store setups. It has been deployed with customers including Sense MartGo, Kuaikeda and PetroChina convenience stores, using real order and shelf data to improve fulfillment performance. ACE ROBOTICS plans to deploy the solution across 1,000 retail locations over the next year and expand to approximately 10,000 stores within two years.
Xiaoxin addresses hotel-laundry operations, where ACE ROBOTICS estimates that approximately 80% of demand occurs at night.
The solution enables robots to handle collection, loading, unloading, washing, sorting and folding, with ironing capabilities planned for future versions. It is designed to reduce night-shift staffing pressure and improve operational consistency across non-standard hotel laundry environments.
Xiaotu is designed for autonomous operation in complex outdoor environments. Using a “one brain, many bodies” architecture, it applies a general-purpose intelligent brain (Agentic AI) across multiple quadruped robot platforms.
The system supports indoor and outdoor navigation, dynamic obstacle avoidance, autonomous charging, remote dispatch and multi-robot coordination. It has been deployed in visitor-guidance and interactive experience services at cultural-tourism events, including the Begonia Flower Festival in Tianjin.
Building an open embodied AI ecosystem
ACE ROBOTICS also announced a series of partnerships spanning infrastructure, computing and commercial deployment.
The company entered into a strategic collaboration with the Caohejing Development Zone to develop an embodied AI innovation platform.
In retail and fulfillment, ACE ROBOTICS announced collaborations with PetroChina, Kuaikeda and SenseTime Shanhui covering autonomous warehouse stores, front warehouses and unmanned retail environments.
To support the computing requirements of world-model development, ACE ROBOTICS launched the World Model Cloud Ecosystem initiative with Baidu AI Cloud, Alibaba Cloud, Huawei Cloud, Tencent Cloud and SenseCore AI Cloud.
By connecting high-density data, unified world models, robot platforms, commercial applications and shared evaluation standards, ACE ROBOTICS aims to support the transition of embodied AI from individual technical demonstrations to sustained operations in real-world environments.
Hashtag: #ACEROBOTICS
https://www.linkedin.com/company/acerobotics/posts/?feedView=all&viewAsMember=true%EF%BD%9C
https://x.com/ace_robotics
The issuer is solely responsible for the content of this announcement.
ACE ROBOTICS is a pioneering robotics company dedicated to advancing the field of embodied intelligence. Through breakthrough technological innovations and deep insights into embodied intelligence scenarios, we aim to empower robots with the ability to autonomously understand and explore the physical world, thereby accelerating their commercial implementation.
The company pioneered the ACE R&D paradigm and built a vision-based “environmental data engine, real-world cognition, embodied interaction generalization” technology chain. Using full spatiotemporal and multi-perspective environmental capture as its engine, along with Kairos 3.0 – China’s first open-source and commercially applicable world model – plus the Embodied Foundation Model as its technical backbone, ACE ROBOTICS addresses core industry challenges such as data scarcity, common sense gaps, poor generalization, and limited versatility. Simultaneously, the company unveiled its flagship A1 Embodied Super Brain Module, accelerating the large-scale commercial deployment of embodied intelligence across diverse scenarios.
ACE ROBOTICS is both a technology pioneer and an ecosystem builder. Through strategic cooperation with top hardware manufacturers, cloud service providers, and vertical scenario partners, we have broken through the “model-hardware-scenario” industrial deadlock, providing standardized and customized solutions that are driving the development of China’s embodied intelligence industry.
Sultan Ahmed Bin Sulayem has taken direct charge of MMC Port Holdings following the immediate departure of group chief executive Azman Shah Mohd Yusof, placing Malaysia’s largest port operator under the control of its Emirati executive chairman. An internal company memorandum dated July 12 instructed employees to direct matters previously handled by the group chief executive to Bin Sulayem’s office. It did not explain Azman Shah’s departure […]
Uganda has begun a 42-day countdown towards declaring its Ebola outbreak over after the final confirmed patient tested negative twice and was discharged from hospital on Thursday. The patient, a national of the Democratic Republic of the Congo, had been receiving treatment at Mulago National Referral Hospital in Kampala. Health authorities said the country could be declared free of the outbreak if no additional infections are detected […]
Citadel Securities has invested $400 million in cryptocurrency exchange Crypto. com, valuing the Singapore-based trading platform at $20 billion as established financial groups deepen their involvement in digital assets. The strategic investment will support Crypto. com’s expansion beyond cryptocurrency trading into tokenised securities, derivatives and other blockchain-based financial products. The transaction also gives the exchange a powerful institutional partner with extensive expertise in liquidity provision, pricing and […]
Arabian Post Staff -Dubai Dubai is assessing the feasibility of converting organic waste into sustainable aviation fuel, extending the emirate’s clean-energy ambitions to one of the world’s most difficult sectors to decarbonise. The proposal was examined at the 95th meeting of the Dubai Supreme Council of Energy, chaired by Sheikh Ahmed bin Saeed Al Maktoum. Council members reviewed how locally available waste could provide feedstock for lower-carbon […]
Revolut has secured in-principle approval from Dubai’s Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, advancing the financial technology group’s plan to build a regulated digital finance platform in the country. The proposed Virtual Assets Service Provider licence would permit Revolut to provide broker-dealer, management and investment, and exchange services. Full operations will remain subject to the company meeting VARA’s conditions and obtaining final […]
Speaking at the ceremony, Miss Law announced that this year’s Hong Kong Fashion Fest will make its much-anticipated return from September 1 to 14 under the theme “Rhythm of the Heart”. The event will bring together eight flagship programmes curated by six industry bodies and, for the first time, will be combined with CENTRESTAGE — the annual fashion extravaganza organised by the Hong Kong Trade Development Council (HKTDC) — to generate stronger synergies. She added that the Government will continue to work together with the industry to help Hong Kong’s fashion industry shine on the international stage.
This edition of Hong Kong Fashion Fest continues to be spearheaded by CCIDA, in collaboration with the HKTDC, the Hong Kong Design Centre, the Clothing Industry Training Authority, the Hong Kong Fashion Designers Association, the Hong Kong Fashion Council, and the Hong Kong Design Institute. The rich variety of events spans haute couture, cross-regional menswear, denim culture, sustainable design and more. During the two-week Fashion Fest, Hong Kong will be transformed into a dazzling stage for embracing Eastern and Western fashion cultures and fostering creative exchanges, not only showcasing the creative power of emerging local and international fashion designers, but also sharing the vibrant energy of Hong Kong’s fashion with the public and fashion enthusiasts worldwide.
Since its inauguration in 2024, the Hong Kong Fashion Fest has developed into an annual fashion mega event over the past two years through introduction of new elements and strengthening of international crossover collaborations, bringing top-tier global fashion talents and industry elites to Hong Kong and help local fashion designers develop local and outside markets. For more detailed information and the latest updates on Hong Kong Fashion Fest, please visit the official website (www.hongkongfashionfest.com), or follow the official social media channels on Instagram (www.instagram.com/hkfashionfest), Facebook (www.facebook.com/hongkongfashionfest) and YouTube (www.youtube.com/@hkfashionfest).
Hashtag: #HongKongFashionFest #hkfashionfest #CSTB #CCIDA #CCIDAHK
The issuer is solely responsible for the content of this announcement.
The Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA’s strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia’s creative capital and our positioning as the East-meets-West centre for international cultural exchange.
Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.
Dr. Benson Wu, CEO and Co-Founder of CyCraft, stated: “We believe, being listed as a Sample Providerin the Gartner report demonstrates that the global market now views AI security as the next battlefield for AI commercialization. From day one, CyCraft has developed proprietary models, simultaneously deploying AI reasoning capabilities across three core pillars: cybersecurity defense, AI governance, and unmanned vehicle reconnaissance. Technical leadership is our starting point, not the destination. Our goal is to translate this leadership into rapid growth driven by strategic deployment and disciplined execution. Launched this year, our AI Red Teaming and AI Guardrail solutions have already been productized and commercially shipped, seeing active deployment in sectors like semiconductors and sovereign AI.”
AI Reasoning Models Drive Up Operating Costs, Restructuring Profit Logic
As AI transitions from “training models” to “reasoning models,” the industry officially moves from the research and development phase into commercial application. Reasoning models possess logical deduction, self-reflection, and complex problem-solving capabilities. However, these advanced capabilities have caused AI operational costs to skyrocket, forcing the tech industry to redefine its expectations of AI as a tool for massive cost reduction and profit maximization.
CyCraft’s XCockpit Threat Exposure Management Platform features built-in AI reasoning models that triage thousands of alerts in real time, automatically providing mitigation recommendations and effectively eliminating alert fatigue. From overall security posture scoring to specific actionable tickets for individual alerts, XCockpit transforms defensive benefits—which were historically difficult to define—into concrete, quantifiable technical metrics. This embodies CyCraft’s pragmatic philosophy: the value of defense must be visible, and it must be measurable.
Standing at the Frontier of AI Security, CyCraft Advances Commercial Implementation with Profound R&D Momentum
Deeply integrating AI with cybersecurity, CyCraft has launched XecGuard and XecART—two major AI security products deployable across both cloud and on-premises environments, both featured on the OWASP AI Security Map. These solutions directly address the core pain points of Agentic AI, LLM, and GenAI applications. XecART utilizes Agentic Red Teaming to run multi-round stress tests on models, identifying risks and generating compliance reports that adhere to international standards. Meanwhile, XecGuard acts as a real-time Guardrail for LLMs and AI Agents, intercepting anomalous inputs and outputs. One solves “how to stress-test AI,” while the other solves “how to protect AI,” providing the fundamental AI governance for enterprises.
CyCraft’s research achievements are equally outstanding. The CyCraft research team recently presented at the International Conference on Machine Learning (ICML), one of the world’s top three prestigious academic conferences for AI and machine learning. The research focused on Retrieval-Augmented Generation (RAG) Data Poisoning. Utilizing their self-developed “Eyes-on-Me” attack framework, the team proved that attacks can simultaneously breach both the retrieval and generation phases. The end-to-end average attack success rate surged from 21.9% to 57.8%. This breakthrough exposed a long-neglected vulnerable attack surface existing between “attention focus” and “model output.”
In 2025, the CyCraft research team was also selected for NeurIPS, one of the most iconic academic sanctuaries in the AI field. The team proposed an innovative “unified supervision framework” that embeds verifiable checkers into synthesized instruction-conflict instances, enabling self-supervised learning without requiring oracle labels or reasoning traces. This framework not only applies to different models but also significantly enhances both safety robustness and instruction adherence.
CyCraft believes that as AI moves from R&D to commercial deployment, the barrier for enterprises is no longer “whether they can use AI,” but “whether they can use AI responsibly.” Once Agentic AI enters financial transactions, government services, or critical infrastructure, every autonomous decision must leave a traceable path, accept auditing, and allow for real-time human intervention when necessary. This is true AI governance. It is not a compliance document, but a complete control chain stretching from pre-launch to runtime, and onto post-incident traceability.
CyCraft deconstructs this control chain into three actionable phases: XecART stress-tests model risks before deployment; XecGuard safeguards inputs and outputs during runtime; XCockpit quantifies the overall risk posture into traceable metrics. Interlocking these three components ensures that every step AI takes is visible, manageable, and auditable. CyCraft’s objective is clear: make AI behavior measurable before its value can be priced. Ultimate technical leadership must be converted into commercial resilience that is governable, auditable, and open to investor scrutiny.
The technological revolution of AI Reasoning Models and Agentic AI is an undeniable reality. The ultimate challenge lies in whether enterprises can implement “controllable, auditable, and highly transparent” AI governance within real-world commercial environments. From being recognized in international research reports to taking the stage at top-tier academic conferences, CyCraft continues to prove that from visionary R&D to product commercialization, Taiwan’s AI cybersecurity prowess helps herald the future of a secure, trusted, and prosperous AI era.
Reports
Gartner, Emerging Tech: AI Vendor Race: Reasoning Models Reshape Providers’ Approaches to AI Pricing, 5 June 2026.
Disclaimer
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Hashtag: #CyCraftTechnology
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Geological Wonder: Exploring an Ancient Underwater World from 460 Million Years Ago
Located in Taiyanghe Township in the northwest of Enshi City, Suobuya Stone Forest is approximately a one-hour drive from the city center. The scenic area was formed during the Ordovician Period 460 million years ago. Originally covered by an ancient ocean, it gradually evolved through geological transformations over hundreds of millions of years into the extraordinary stone forest landscape seen today. Covering a total area of 21 square kilometers, the area features towering stone peaks surrounded by lush greenery, resembling a vast “underwater labyrinth.” As a “crowned stone forest” with one of the highest vegetation coverage rates in China, the scenic area enjoys a cool and pleasant average summer temperature, making it an ideal destination for summer retreats and nature-based relaxation.
The four major scenic areas currently open to visitors each have their own unique appeal. Qinglongtai serves as the highest point of the scenic area, offering panoramic views of the entire stone forest from above. Lianhuazhai features the breathtaking “Xiniugou” secret landscape, where towering cliffs on both sides and changing light and shadows create a dreamlike atmosphere. Mozigou is rich in ancient biological fossils, allowing visitors to touch traces of life from the Ordovician Period with their own hands. Jiulonghui features circular rock walls and groups of waterfalls, with stone peaks rising dramatically from the ground to create a magnificent landscape. The scenic area also features the 5D theater “Shanhaijing,” where visitors can enjoy an immersive experience of the evolution of the Ordovician ocean world. With gentle walking trails and an easy travel route, the area is suitable for families and nature exploration enthusiasts.
Cultural Feast: Immersive Experiences of Tujia Folk Traditions
Suobuya Stone Forest is not only a treasure trove of geological wonders but also an important carrier of Tujia culture. The Tujia ethnic group is one of the major ethnic minorities in the Enshi region, with a long history and distinctive cultural traditions. The “Baishou Dance” is one of the most representative folk dances of the Tujia people and has been listed as a National Intangible Cultural Heritage. The dance movements often imitate scenes such as hunting, farming, and warfare, featuring a lively rhythm. Visitors can personally participate in this cultural experience at the Tiejiazhai Square and Duigetai Stage.
The Tujia Girls’ Festival is one of Enshi’s most distinctive traditional folk festivals and has been held at Suobuya Stone Forest during the seventh month of the lunar calendar for many consecutive years. The festival is a traditional social activity where young Tujia men and women use songs as a medium for communication and dances to express emotions. It carries the unique marriage customs and collective memories of the Tujia people and has been recognized as a provincial-level intangible cultural heritage of Hubei Province and one of the “Top Ten Most Charming Festivals in China.” During the festival, the scenic area hosts a variety of activities, including matchmaking through folk songs, traditional cultural parades, and traditional handicraft exhibitions, allowing visitors to experience the rich ethnic culture amid the stone forests and mountain scenery. Suobuya Stone Forest has therefore also been recognized as the “Hometown of Chinese Folk Art” and the “Hometown of Mountain Folk Songs.”
Since 2026, the scenic area has continued to enhance its tourism products and cultural experiences. During the May Day holiday, it launched the “Exploring Wonders on Horseback · Fun in the Million-Year Stone Sea” folk culture series, featuring interactive programs such as folk song and dance flash mobs, the “Nature Guardians” activity where visitors exchange collected litter for cultural souvenirs, the immersive intangible cultural heritage experience “Stone Workers’ Chant,” and the outdoor role-playing game “Stone Forest Secret Order · Pursuing the Shadow of Rocks.” These activities allow visitors to explore the ancient stone sea while deeply engaging with Tujia cultural traditions.
Improved Transportation: Easier Access to Enshi for Southeast Asian Tourists
Since the opening of Enshi Xujiaping International Airport’s aviation port, the international flight network has continued to improve. In 2026, the Enshi–Hong Kong route achieved year-round regular operation, while flights between Enshi and Vietnam’s Ho Chi Minh City and Hanoi have resumed successively, creating a dual-route network connecting Vietnam’s two major cities in the north and south. According to the development plan of the Enshi aviation port, new routes to Singapore, Kuala Lumpur in Malaysia, and other destinations will be steadily promoted in the future, further strengthening the Southeast Asian aviation network. Tourists from major Southeast Asian cities can fly directly to Enshi and reach this 460-million-year-old underwater world after only a one-hour drive. Hidden deep within the Wuling Mountains, this ancient stone forest wonderland is welcoming visitors from around the world with a more open and international approach.
Hashtag: #SuobuyaCulturalTourism
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As one of Thailand’s largest export markets for food products, the United States plays a strategic role in supporting the continued growth of Thailand’s food industry. Through the THAI SELECT Festival 2026, DITP aims to connect American consumers with authentic Thai cuisine while reinforcing the competitiveness of Thai restaurants and promoting greater demand for premium Thai ingredients and food products.
The Ministry of Commerce is deeply honoured that Her Royal Highness Princess Ubolratana Rajakanya Sirivadhana Barnavadi has graciously accepted the invitation to preside over the festival’s opening ceremony. Her participation underscores Thailand’s continued commitment to promoting authentic Thai cuisine and the THAI SELECT certification on the international stage.
Held under the theme “Thai SELECT Playground – Play with Thai Flavors,” the festival offers an immersive culinary experience where visitors can explore Thailand’s rich food culture through authentic flavours, regional specialties, cooking demonstrations, cultural showcases, and interactive activities. Inspired by the concept of a playground, the event encourages guests to discover the diversity, creativity, and craftsmanship that define Thai cuisine.
A major highlight of the festival will be signature dishes prepared by 15 THAI SELECT-certified restaurants from across New York, showcasing both traditional favourites and contemporary interpretations of authentic Thai cuisine. Visitors will also have opportunities to engage with Thai culinary traditions through hands-on cultural experiences and interactive exhibitions celebrating Thailand’s culinary heritage.
Internationally acclaimed Thai actors Mile Phakphum Romsaithong and Apo Nattawin Wattanagitiphat will make special appearances throughout the festival, participating in exclusive fan activities while helping introduce authentic Thai cuisine to broader international audiences. Their participation reflects Thailand’s integrated approach to promoting culture, entertainment, and gastronomy as complementary drivers of the country’s global soft power and creative economy.
The festival forms part of DITP’s broader strategy to strengthen the international competitiveness of Thailand’s food industry by increasing global awareness of the THAI SELECT certification, encouraging wider adoption of Thai ingredients by restaurants overseas, and creating new opportunities for Thai food exporters. By strengthening the international profile of authentic Thai cuisine, DITP continues to support sustainable growth across Thailand’s food value chain while reinforcing the country’s long-standing position as one of the world’s leading culinary destinations.
THAI SELECT is Thailand’s official certification mark awarded by the Ministry of Commerce to restaurants and food products that meet recognized standards of authentic Thai taste, quality, and culinary excellence. The certification serves as a trusted guide for consumers worldwide seeking genuine Thai dining experiences while supporting Thai businesses in international markets.
As Thailand continues to expand the global presence of its food industry, THAI SELECT Festival 2026 demonstrates how culinary diplomacy can generate tangible economic value by strengthening international consumer confidence, supporting Thai entrepreneurs overseas, and creating new opportunities for trade, investment, tourism, and long-term business partnerships between Thailand and the United States.
Hashtag: #DITP
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Anthropic has extended inclusive access to Claude Fable 5 for paying subscribers until July 19, delaying a planned shift towards usage-based charges as speculation mounts over another advanced Claude model appearing inside the Cursor coding platform. The company said Fable 5 would remain available on Pro, Max, Team and eligible Enterprise subscriptions for up to half of each user’s weekly allowance. Claude Code customers will also retain […]
GitHub Copilot generated harmful material in every test conducted through a carefully constructed coding workflow, exposing a sharp divide between safeguards in conversational chat and the behaviour of artificial intelligence agents operating across multiple development steps. Researchers Abhishek Kumar and Carsten Maple at the Alan Turing Institute in London tested Copilot inside Visual Studio Code using 204 harmful prompts drawn from three established safety benchmarks. The study […]
HONG KONG SAR – Media OutReach Newswire – 14 July 2026 – MEINONG ROBOT, a company from the Hong Kong Science and Technology Parks Corporation (HKSTP) ecosystem, won the 2nd Runner-Up in the Rocket Fuel East Startup Competition at LEAP East 2026, secured a US$10,000 equity-free award and gained exposure to global investors to accelerate its business expansion. Another park company, GenEditBio, also outperformed more than 500 competing startups and made it to the Top 6 Finalists.
Making its debut in the Asia-Pacific region, LEAP East chose Hong Kong as its host city, bringing together technology leaders, investors, policymakers and tech ventures. As the event’s exclusive Tech Ecosystem Partner, HKSTP participated alongside more than 30 park companies, facilitating over 1,500 business discussions and meetings from 8 to 10 July.
Under the theme “Gateway to the NEXT”, the HKSTP Pavilion featured innovations from 23 park companies across four key sectors: Life and Health Tech, GreenTech & Sustainability, Smart Cities & Urban Tech, and AI, Data & Robotics, attracting more than 3,000 visits.
Terry Wong, CEO of HKSTP, said: “LEAP East’s decision to land its first overseas edition in Hong Kong delivers three important messages to the I&T community. First, Hong Kong has become tech companies’ gateway into the global markets, which reflects the development and achievements of Hong Kong’s I&T ecosystem over the years and demonstrates the city’s unique ability to connect Middle Eastern capital, Asia-Pacific markets and supply chains in the Chinese Mainland, positioning Hong Kong as a true I&T hub. Second, the Middle East and other emerging markets represent the next strategic destination for tech companies. Driven by numerous application scenarios in smart cities, green energy and AI infrastructure, together with the ambitious transformation agenda under Saudi Vision 2030, these markets offer unprecedented growth opportunities for Hong Kong tech companies. Third, Hong Kong’s I&T community is demonstrating a growing global impact. From HKSTP executives and park companies contributing to international forums and thought leadership discussions, to HKSTP serving as the exclusive Tech Ecosystem Partner, and two park companies reaching the Top 6 of the Rocket Fuel East Startup Competition, with one securing the 2nd Runner-Up, all of these achievements underscore Hong Kong’s increasingly prominent position on the global I&T stage.”
In addition, Terry Wong, CEO, Eric Or, Chief Ecosystem Development Officer, Filla Mak, Chief Property and Asset Officer, and Dr Charleston Sin, Head of AI & Data, took part in keynote sessions and panel discussions throughout the event. They shared strategic insights on HKSTP’s I&T ecosystem, biotech, smart cities, and AI, fostering international dialogue, inspiring new breakthroughs and collaborations, and further strengthening HKSTP’s influence within the global I&T ecosystem.
To strengthen connections between park companies and the international innovation community, HKSTP co-organised “Build East: Agentic AI Demo Day and Tour” with Minds by Animoca Brands one day before LEAP East 2026, inviting global investors and startups to gain first-hand insights into Hong Kong’s largest I&T ecosystem and explore cross-border collaboration and investment opportunities.
Hashtag: #HKSTP
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Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
The online fashion retailer is considering an offer of between $2 billion and $3 billion, although the final size will depend on its valuation, investor demand and prevailing market conditions. The timetable could also change as the company completes the remaining stages of Hong Kong’s listing process.
Shein is scheduled to face the Hong Kong Stock Exchange’s listing committee this week. Approval at the hearing would allow the company and its advisers to move towards investor presentations, price discovery and bookbuilding.
Some people involved in the process expect the shares to begin trading in September or October rather than August, reflecting the time required to complete regulatory documentation and market the offer to institutional investors. A successful listing would rank among Hong Kong’s largest consumer-sector flotations in years.
China’s securities regulator has approved the proposed sale of up to 341.6 million H shares. The clearance removed one of the biggest obstacles confronting Shein, which submitted confidential listing documents in Hong Kong about a year ago after encountering difficulties in New York and London.
The company could seek a valuation of between $40 billion and $50 billion. That would represent a sharp retreat from the $100 billion valuation achieved during a private funding round in 2022, when pandemic-era online shopping growth and investor enthusiasm for digital retail pushed its value above several established fashion groups.
Shein was valued at about $66 billion in 2023. The lower range being discussed for the Hong Kong offer reflects tighter investor scrutiny, greater competition, changing customs rules and concern over the durability of its low-cost cross-border business model.
The retailer, founded in Nanjing in 2012 by entrepreneur Sky Xu and now headquartered in Singapore, sells inexpensive clothing and lifestyle products across roughly 150 markets. Its data-driven system tests products in small batches, measures consumer demand and orders additional stock when items gain traction.
That model has helped Shein respond rapidly to fashion trends while limiting unsold inventory. It has also placed pressure on traditional retailers and brought intense scrutiny of production volumes, environmental impact, working conditions and supplier oversight.
Although Shein has positioned itself as a global company, much of its manufacturing network remains concentrated in China, particularly around Guangzhou and other parts of Guangdong province. That dependence brought the company within the scope of China’s overseas-listing review system despite the relocation of its corporate headquarters.
Shein previously pursued a New York flotation but faced political resistance and demands for deeper examination of its supply chain, data practices and alleged exposure to forced labour in Xinjiang. The company has said it maintains a zero-tolerance policy towards forced labour and requires suppliers to comply with its sourcing standards.
A subsequent attempt to list in London also stalled. Britain’s financial regulator had cleared the company’s prospectus, but the transaction could not proceed without approval from Beijing. Disagreements surrounding disclosures about supply-chain risks complicated the process.
Hong Kong offers Shein a venue closer to its manufacturing base and within a regulatory framework more acceptable to Beijing. The city’s market, however, may produce a lower valuation than the company once expected from New York or London, where international consumer and technology companies have traditionally attracted broader investor coverage.
The proposed offer comes during a strong period for Hong Kong listings. Companies raised about HK$209.9 billion across 85 new flotations during the first half of 2026, the market’s best first-half performance in five years. A pipeline of hundreds of applicants has strengthened expectations that the city could remain among the world’s leading fundraising centres this year.
Shein’s leadership is also changing as the listing approaches. Executive chairman Donald Tang is expected to step down and continue as a senior adviser. Tang played a central role in the company’s engagement with governments, regulators and investors during its attempts to secure a Western listing.
Xu is expected to take a leading role in presenting the investment case to prospective shareholders. Investors are likely to examine Shein’s growth prospects, profit margins and ability to adapt to customs changes, particularly the removal of duty-free treatment for low-value packages entering the United States from China and Hong Kong.
Arabian Post Staff -Dubai Gemcorp Capital has completed a $20 million Shariah-compliant structured financing in Saudi Arabia, marking the emerging-markets asset manager’s first direct lending transaction in the kingdom. The financing has been extended to SILQ, a Saudi financial technology platform that provides procurement, payment and funding services to small and medium-sized enterprises. The transaction gives Gemcorp an initial foothold in a market where growing companies often […]
Nigel Farage’s attempt to turn scrutiny of his financial affairs into a direct electoral test has produced an unusual contest, with satirical candidate Count Binface so far emerging as his only declared challenger in the Clacton by-election. The Reform UK leader resigned from the House of Commons on July 8 and immediately announced that he would seek re-election. Polling will take place on August 13 after parliamentary […]
Sam Neill, the New Zealand actor whose portrayal of palaeontologist Alan Grant in Jurassic Park made him one of cinema’s most recognisable stars, has died in Sydney aged 78. His family announced that Neill died on Monday, July 13, surrounded by relatives. The death was described as sudden and unexpected, although the actor remained free of the blood cancer for which he had undergone treatment. The family […]
A new artificial intelligence system has autonomously identified and exploited security weaknesses in laboratory-based Internet of Things environments, completing 95% of 260 attempted attacks. The framework, named VEXAIoT, uses cooperating AI agents to scan networks, identify vulnerable services, devise attack plans and execute exploits with limited human involvement. Researchers tested it against IoTGoat and Metasploitable2, two deliberately vulnerable platforms used for cybersecurity training and controlled experimentation. VEXAIoT […]
