Arabian Post Staff -Dubai Energy executives and ministers at ADIPEC 2026 called for greater investment in electricity grids, storage and supply chains on Tuesday as artificial intelligence and industrial electrification add pressure to global power systems. The second day of the Abu Dhabi conference concentrated on the infrastructure required to deliver growing volumes of energy reliably, with speakers warning that expanding generation alone would not resolve bottlenecks […]
HANOI, VIETNAM – Media OutReach Newswire – 4 November 2026 – Vingroup –Vietnam’s largest private conglomerate, and Legends Global, the premier partner to the world’s greatest live events, venues and brands, have announced a strategic partnership for the management and operation of VinFast – Trong Dong Stadium. The agreement marks a significant milestone ahead of the landmark venue’s scheduled opening on July 31, 2027.
Scheduled for opening on July 31, 2027, VinFast – Trong Dong Stadium is set to become the world’s largest stadium by seating capacity. Photo: Vingroup
Under the agreement, Vingroup and Legends Global will work together to establish VinFast – Trong Dong Stadium as a premier global destination for world-class sporting, cultural, and entertainment events. In addition to helping attract major international events to the stadium, Legends Global will collaborate with Vingroup to oversee venue and facility management, vendor coordination, and on-site service operations, ensuring that every aspect meets the highest international standards of professionalism and excellence.
Drawing on its extensive experience managing more than 450 venues worldwide, hosting over 20,000 major events, and welcoming more than 165 million guests annually, Legends Global will also play a key role in developing the expertise and capabilities of Vingroup’s venue management professionals in Vietnam.
Commenting on the strategic partnership, Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, said: “VinFast – Trong Dong Stadium is far more than a sporting venue. With its world-leading scale, contemporary architecture inspired by Vietnamese cultural heritage, automated retractable roof, and playing surface designed to meet FIFA standards, we envision working alongside Legends Global to transform the stadium into a global gathering place for the finest sporting, cultural, and entertainment events.”
Mr. Dan Levy, CEO of Legends Global, commented: “VinFast – Trong Dong Stadium is an extraordinary project for Vietnam, one that will help position Hanoi at the forefront of the global live events industry. Legends Global is honored to partner with Vingroup on this landmark development. We look forward to sharing our expertise in venue and event management to help bring Vingroup’s ambition and vision for the world’s largest stadium to life.”
Mr. Peter Loxton, Chief Operating Officer for Asia Pacific and the Middle East at Legends Global, affirmed: “We are confident that, from the very first major event, the experience for fans, athletes, performers, event organizers, and partners will match the extraordinary scale of the stadium itself. Our long-term exclusive partnership with Vingroup allows Legends Global to combine global expertise with local talent to strengthen Vietnam’s venue management capabilities.”
VinFast – Trong Dong Stadium features a distinctive, one-of-a-kind design befitting the world’s most iconic destination landmarks. Inspired by the Dong Son bronze drum and the legendary Lac bird, enduring symbols of Vietnam’s thousand-year cultural heritage, its architecture blends traditional imagery with a bold, contemporary aesthetic that conveys strength and national pride. The stadium is also set to establish new benchmarks in scale and technological sophistication, with a planned capacity of 135,000 seats, the largest in the world, alongside integrated real-time security management and crowd-flow monitoring systems designed to support safe, efficient, and sustainable operations.
Surrounding the stadium is an extensive ecosystem of training grounds and large-scale sports facilities within the Hung Vuong International Sports Complex. The development will also feature a comprehensive range of amenities, including hotels, shopping centers, hospitals, parks, cultural and culinary villages, and theaters, offering a comfortable and convenient experience for athletes and fans from Vietnam and around the world.
Through the strategic partnership between Vingroup and Legends Global, VinFast –Trong Dong Stadium and the wider Hung Vuong International Sports Complex are expected to emerge as a new international destination on the global map of premier sporting and entertainment events. The development is anticipated to attract international visitors, stimulate the sports economy, and elevate Hanoi’s profile on the world stage.
The partnership also lays the foundation for a long-term collaboration between the two organizations, with Legends Global providing exclusive stadium, arena, and live event services to Vingroup in Vietnam. Mr. Paul Sergeant OBE, a seasoned venue industry veteran and stadium expert at Legends Global, has already arrived in Hanoi to personally oversee technical preparations and pre-opening activities. Meanwhile, recruitment for the stadium’s operations team is actively underway, establishing the groundwork for the venue to commence operations in accordance with international standards./.
The issuer is solely responsible for the content of this announcement.
ABOUT VINGROUP
Vingroup is Vietnam’s largest private conglomerate and was ranked 57th on TIME magazine’s list of the Best Companies in Asia-Pacific 2026. Throughout more than three decades of development, Vingroup has consistently pushed new boundaries, created new engines of growth, and progressively expanded the reach of Vietnam’s business ecosystem onto the global stage. Today, companies within the Vingroup ecosystem operate in 12 countries, providing employment for more than 400,000 people across six core pillars: Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Social Enterprises, and Culture & Sports.
Legends Global is a premier international partner to the world’s most prestigious live events, venues, and brands. The company provides comprehensive, integrated solutions spanning feasibility studies, consulting, project development, sales, partnership development, venue management, premium hospitality, merchandise and content commercialization, and event production. Leveraging the strength of its global network of more than 450 venues, 20,000 events, and 165 million guests annually, Legends Global works with its partners to enhance commercial performance and deliver exceptional guest experiences.
Legends Global attracts events to, partners with, operates, and manages a global network of venues, including:
FIFA World Cup Host Stadiums: Reliant Stadium, Houston; AT&T Stadium, Dallas; SoFi Stadium, Los Angeles; Levi’s Stadium, Santa Clara; Rose Bowl, Los Angeles; Santiago Bernabéu, Madrid; Spotify Camp Nou, Barcelona.
Iconic National Stadiums: Emirates Stadium, London; Stamford Bridge, London; Suncorp Stadium, Brisbane; Kai Tak Stadium, Hong Kong; Optus Stadium, Perth; Yankee Stadium, New York; Caesars Superdome, New Orleans.
HANOI, VIETNAM – Media OutReach Newswire – 4 November 2026 – Vingroup –Vietnam’s largest private conglomerate, and Legends Global, the premier partner to the world’s greatest live events, venues and brands, have announced a strategic partnership for the management and operation of VinFast – Trong Dong Stadium. The agreement marks a significant milestone ahead of the landmark venue’s scheduled opening on July 31, 2027.
Scheduled for opening on July 31, 2027, VinFast – Trong Dong Stadium is set to become the world’s largest stadium by seating capacity. Photo: Vingroup
Under the agreement, Vingroup and Legends Global will work together to establish VinFast – Trong Dong Stadium as a premier global destination for world-class sporting, cultural, and entertainment events. In addition to helping attract major international events to the stadium, Legends Global will collaborate with Vingroup to oversee venue and facility management, vendor coordination, and on-site service operations, ensuring that every aspect meets the highest international standards of professionalism and excellence.
Drawing on its extensive experience managing more than 450 venues worldwide, hosting over 20,000 major events, and welcoming more than 165 million guests annually, Legends Global will also play a key role in developing the expertise and capabilities of Vingroup’s venue management professionals in Vietnam.
Commenting on the strategic partnership, Mr. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup, said: “VinFast – Trong Dong Stadium is far more than a sporting venue. With its world-leading scale, contemporary architecture inspired by Vietnamese cultural heritage, automated retractable roof, and playing surface designed to meet FIFA standards, we envision working alongside Legends Global to transform the stadium into a global gathering place for the finest sporting, cultural, and entertainment events.”
Mr. Dan Levy, CEO of Legends Global, commented: “VinFast – Trong Dong Stadium is an extraordinary project for Vietnam, one that will help position Hanoi at the forefront of the global live events industry. Legends Global is honored to partner with Vingroup on this landmark development. We look forward to sharing our expertise in venue and event management to help bring Vingroup’s ambition and vision for the world’s largest stadium to life.”
Mr. Peter Loxton, Chief Operating Officer for Asia Pacific and the Middle East at Legends Global, affirmed: “We are confident that, from the very first major event, the experience for fans, athletes, performers, event organizers, and partners will match the extraordinary scale of the stadium itself. Our long-term exclusive partnership with Vingroup allows Legends Global to combine global expertise with local talent to strengthen Vietnam’s venue management capabilities.”
VinFast – Trong Dong Stadium features a distinctive, one-of-a-kind design befitting the world’s most iconic destination landmarks. Inspired by the Dong Son bronze drum and the legendary Lac bird, enduring symbols of Vietnam’s thousand-year cultural heritage, its architecture blends traditional imagery with a bold, contemporary aesthetic that conveys strength and national pride. The stadium is also set to establish new benchmarks in scale and technological sophistication, with a planned capacity of 135,000 seats, the largest in the world, alongside integrated real-time security management and crowd-flow monitoring systems designed to support safe, efficient, and sustainable operations.
Surrounding the stadium is an extensive ecosystem of training grounds and large-scale sports facilities within the Hung Vuong International Sports Complex. The development will also feature a comprehensive range of amenities, including hotels, shopping centers, hospitals, parks, cultural and culinary villages, and theaters, offering a comfortable and convenient experience for athletes and fans from Vietnam and around the world.
Through the strategic partnership between Vingroup and Legends Global, VinFast –Trong Dong Stadium and the wider Hung Vuong International Sports Complex are expected to emerge as a new international destination on the global map of premier sporting and entertainment events. The development is anticipated to attract international visitors, stimulate the sports economy, and elevate Hanoi’s profile on the world stage.
The partnership also lays the foundation for a long-term collaboration between the two organizations, with Legends Global providing exclusive stadium, arena, and live event services to Vingroup in Vietnam. Mr. Paul Sergeant OBE, a seasoned venue industry veteran and stadium expert at Legends Global, has already arrived in Hanoi to personally oversee technical preparations and pre-opening activities. Meanwhile, recruitment for the stadium’s operations team is actively underway, establishing the groundwork for the venue to commence operations in accordance with international standards./.
The issuer is solely responsible for the content of this announcement.
ABOUT VINGROUP
Vingroup is Vietnam’s largest private conglomerate and was ranked 57th on TIME magazine’s list of the Best Companies in Asia-Pacific 2026. Throughout more than three decades of development, Vingroup has consistently pushed new boundaries, created new engines of growth, and progressively expanded the reach of Vietnam’s business ecosystem onto the global stage. Today, companies within the Vingroup ecosystem operate in 12 countries, providing employment for more than 400,000 people across six core pillars: Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Social Enterprises, and Culture & Sports.
Legends Global is a premier international partner to the world’s most prestigious live events, venues, and brands. The company provides comprehensive, integrated solutions spanning feasibility studies, consulting, project development, sales, partnership development, venue management, premium hospitality, merchandise and content commercialization, and event production. Leveraging the strength of its global network of more than 450 venues, 20,000 events, and 165 million guests annually, Legends Global works with its partners to enhance commercial performance and deliver exceptional guest experiences.
Legends Global attracts events to, partners with, operates, and manages a global network of venues, including:
FIFA World Cup Host Stadiums: Reliant Stadium, Houston; AT&T Stadium, Dallas; SoFi Stadium, Los Angeles; Levi’s Stadium, Santa Clara; Rose Bowl, Los Angeles; Santiago Bernabéu, Madrid; Spotify Camp Nou, Barcelona.
Iconic National Stadiums: Emirates Stadium, London; Stamford Bridge, London; Suncorp Stadium, Brisbane; Kai Tak Stadium, Hong Kong; Optus Stadium, Perth; Yankee Stadium, New York; Caesars Superdome, New Orleans.
The seed round scales mamun’s capital infrastructure for trade finance along the Greater Bay Area – Oman – UAE corridor — anchored in Muscat, Abu Dhabi and Hong Kong SAR.
MUSCAT, ABU DHABI/HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – mamun, the Sharia-compliant platform building capital infrastructure for trade finance, has raised a US$3 million seed round led by Phaze Ventures through its Oman Fund, with participation from Jasoor Ventures.
mamun co-founders, left to right: Ahmed Al-Issaei (Co-Founder & CTO), Saleh Al Tamami (Co-Founder & CEO), Mohammed Al Tamami (Co-Founder & CCO)
An exporter in Muscat ships today and gets paid in 60 to 90 days. Banks rarely bridge that gap, as they usually rely on a long financial track record that many small exporters find hard to provide. The Asian Development Bank puts the global trade finance gap at US$2.5 trillion, and 41% of SME trade finance applications are turned down.
mamun’s AI-native underwriting assesses the company behind the trade, alongside the shipment itself: the contract, the buyer, the trade documents and the trading history between them. Its origination engine finds and screens that trade as it forms. Then investors on the platform finance the gap.
The hard part is the border. A cross-border transaction spans two regulators, two banking systems and two legal regimes, with settlement that has to land in another jurisdiction on time, and the collateral is in motion, travelling with the goods along the route.
That complexity is why most of the region’s financing platforms have stayed domestic, and it is mamun’s moat. The platform was built across the corridor: an FSA-regulated home and origination base in Muscat; Abu Dhabi for Gulf capital and UAE flows; and Hong Kong SAR, the financing gateway of the Belt and Road Initiative, for the Greater Bay Area and the Gulf–Asia trade routes.
Roughly 40% of the platform’s trade finance settlements already clear through Hong Kong-based financial institutions and businesses.
mamun’s licence sits within the FSA’s crowdfunding framework, which allows the platform to bring in investors from inside and outside the Sultanate, and to finance companies inside and outside the Sultanate, subject to the platform’s eligibility criteria and the laws applicable in each investor’s country.
The corridor is growing. Oman’s non-oil exports ran about 10% higher year-on-year through the first seven months of 2026 and re-exports 13.6% higher, with the UAE its largest non-oil trading partner. New corridors bring new counterparties: businesses trading together for the first time, with no shared history for a lender to underwrite against.
The round brings together capital from Oman and the UAE: Phaze Ventures invests through its Oman Fund, dedicated to homegrown, AI-enabled Omani businesses, and Jasoor Ventures is an early-stage venture capital firm backing technology founders across the Middle East, North Africa, and Turkey.
The US$3 million will scale that AI-native origination and underwriting, growing the volume of trade the platform can originate, assess and finance along the Greater Bay Area – Oman – UAE corridor. It is where the industry is heading: 84% of banks in the Asian Development Bank’s January 2026 survey already apply AI to trade finance risk. mamun was built that way from origination onward.
“The businesses moving goods between the Gulf and Asia are growing faster than the financing behind them. We built mamun in Muscat, under Omani regulation, to serve trade along the corridor between the Gulf and Asia. This round scales that engine — and the corridor it serves.” — Saleh Al Tamami · Co-Founder & CEO, mamun
“Our thesis is backing the homegrown companies that turn Oman’s diversification agenda into regional infrastructure. mamun is exactly that — structured across the corridor, and built by a team that has executed quietly and precisely. It is a natural commitment from the Oman Fund.” — Abdullah Al Shaksy · Co-Founder & CEO, Phaze Ventures
mamun was founded by Saleh Al Tamami, Co-Founder & CEO, Mohammed Al Tamami, Co-Founder & Chief Commercial Officer, and Ahmed Al-Issaei, Co-Founder & CTO, and was named a Rising Star on the Deloitte Technology Fast 50 Middle East 2025, ranking 26th.
This announcement is for information only and does not constitute an offer or invitation to invest. mamun is not licensed by the Securities and Futures Commission of Hong Kong (SFC).
Hashtag: #mamun
The issuer is solely responsible for the content of this announcement.
ABOUT mamun
mamun builds capital infrastructure for trade finance. The platform is Sharia-compliant, licensed and regulated by the Financial Services Authority of Oman (FSA Licence CMI051). This licence covers the Omani entity only. The group also has entities in Abu Dhabi and Hong Kong SAR. It connects businesses and investors to finance cross-border trade — exports, imports and the working capital that moves goods between markets.
ABOUT PHAZE VENTURES
Founded in 2018, Phaze Ventures is Oman’s oldest private venture capital firm. Headquartered in Oman, with a presence in Saudi Arabia and the UAE, it backs early-stage AI and deeptech companies globally and homegrown technology businesses through the Oman Fund.
ABOUT JASOOR VENTURES
Jasoor Ventures, meaning “courageous” in Arabic, is an ADGM-based venture capital firm, investing across the Middle East, North Africa, and Turkey.
TAIPEI, TAIWAN – Media OutReach Newswire – 3 November 2026 – Ondine Capital today announced the successful first close of its third USD-denominated VC fund. Ondine Capital Fund III has secured commitments from top-tier institutional and strategic limited partners, including several leading semiconductor enterprises in Taiwan.
Ondine Capital’s newly appointed partner: Brian Yen
Building on the firm’s deep-rooted expertise in semiconductors and deep technology, Ondine Capital Fund III will invest across the full AI value chain—spanning AI foundation models, next-generation semiconductors, AI infrastructure, AI-native software, and physical AI applications.
Ondine Capital Fund III’s early portfolio highlights include:
Recursive Superintelligence: Founded by former Salesforce Chief Scientist Richard Socher and built by veteran researchers from OpenAI, Google, and Meta, the startup focuses on recursive self-improving AI systems. It recently raised $650 million at a $4 billion pre-money valuation led by Google Ventures, with participation from Nvidia and AMD.
Bot Auto: Founded by Xiaodi Hou (former co-founder and CTO of TuSimple), this Houston-based physical AI startup specializes in autonomous freight transportation. Bot Auto recently partnered with Ryan Transportation to launch driverless freight operations along the Houston-Dallas corridor.
Salience Labs: Founded by Vaysh Kewada and Johannes Feldmann, the company develops silicon-photonics optical switching technology for AI data centers. Partnering with Tower Semiconductor, Salience Labs recently closed a $125 million financing round led by Bullhound Capital, with strategic backing from AMD Ventures and Intel Capital.
Partner Appointment to Boost Global Ecosystem
Coinciding with the first close, Ondine Capital announced the appointment of Brian Yen as Partner, reinforcing the firm’s global sourcing and founder network.
Prior to joining Ondine Capital, Brian Yen served as Principal and Head of the Taipei Office at Headline Asia, where he cultivated an extensive network across Japan, Taiwan, and Southeast Asia. His investment track record spans consumer technologies, agentic services, and physical AI, with notable investments including respond.io, forest inc., Braid, and iMotorbike. At Ondine Capital, Brian Yen will focus on backing early-stage founders building intelligent software and physical AI platforms.
“The convergence of AI and semiconductors is unleashing unprecedented opportunities across global tech,” said Brian Yen. “As these technologies mature, we anticipate monumental value creation throughout the entire stack. Through Fund III, we look forward to empowering visionary founders who are shaping the future of computing and industry applications.”
Ondine Capital continues to actively deploy capital and evaluate global investment opportunities in breakthrough, category-defining companies across the AI and semiconductor landscape.
The issuer is solely responsible for the content of this announcement.
About Ondine Capital
Ondine Capital is a premier venture capital firm focused on frontier technologies, including semiconductors, artificial intelligence, enterprise software, clean energy, and emerging technology platforms. The firm backs visionary founders from inception, providing strategic support and access to a robust global network of industrial partners, investors, and entrepreneurs.
Mr Drew Chen’s appointment as Co-CEO strengthens BDC’s leadership team as the Company surpasses one gigawatt of capacity in 2026 and accelerates its growth across Asia Pacific.
SINGAPORE – Media OutReach Newswire – 3 November 2026 – Bridge Data Centres (BDC) is pleased to announce the appointment of Mr Drew Chen as Co-Chief Executive Officer (Co-CEO), effective 1 November 2026. He will work alongside Mr Eric Fan, BDC’s Co-CEO, as a key member of the leadership team to accelerate the Company’s growth across Asia Pacific and beyond.
Mr Drew Chen, Co CEO of Bridge Data Centres
Mr Chen brings over 20 years of private equity experience, with a focus on the telecommunications, media, technology, and business services sectors. He previously served as a Senior Partner at Bain Capital and was a founding member of the firm’s Asia Pacific private equity team. Prior to Bain Capital, Mr Chen worked at Bain & Company. He holds a bachelor’s degree in economics from Harvard University and an MBA from Harvard Business School.
Mr Eric Fan, Co-CEO of Bridge Data Centres, said, “On behalf of Bridge Data Centres, we would like to welcome Drew. His appointment strengthens our leadership team at an important point in BDC’s growth, as we surpass one gigawatt of capacity in 2026. Drew’s experience and deep domain knowledge of the data centre sector will support our strategy as we scale BDC into a multi-gigawatt digital infrastructure platform in the coming years.”
Mr Drew Chen, Co-CEO of Bridge Data Centres, said, “The Asia Pacific data centre sector is at inflection point for growth, fuelled by surging cloud adoption and the rapid expansion of AI workloads. BDC is well positioned to capture this opportunity, backed by our world class engineering and design team, longstanding partnerships with global clients, and a decade of experience developing and operating next-generation digital infrastructure. I am excited to partner with Eric and the leadership team to scale BDC’s footprint across Asia Pacific and support our customers’ ambitious growth plans.”
Mr Jonathan Zhu, Partner and Chair of China at Bain Capital, said, “Drew possesses deep expertise in the digital infrastructure space and an intimate knowledge of BDC’s business, having played a pivotal role in the buildout of BDC and its sister company ChinData. We are delighted that, as the Co-CEO, Drew will continue to bring strategic foresight and robust business building capabilities to BDC. Together, he and Eric are well positioned to lead BDC through its next chapter of growth.”
Headquartered in Singapore, BDC is one of Asia Pacific’s top three next-generation digital infrastructure platforms by live capacity, with a presence across Malaysia, Thailand, Singapore, and India.
The issuer is solely responsible for the content of this announcement.
About Bridge Data Centres
Bridge Data Centres (BDC) is a Singapore headquartered digital infrastructure platform delivering next-generation data centres across Asia Pacific and beyond.
Backed by Bain Capital, BDC operates in Malaysia, Thailand, India, and other high-growth markets, with an ambition to scale into a multi-gigawatt digital infrastructure platform in the near future.
Binance has drawn down roughly half the bitcoin held in its emergency customer protection fund, leaving assets worth about $580 million following a $6.3 billion cryptocurrency theft. Blockchain records show that the exchange’s publicly identified Secure Asset Fund for Users, known as SAFU, held slightly more than 7,500 bitcoin on Tuesday, compared with 15,000 in February. Four transactions on 31 October sharply reduced the balance, with Binance […]
Wired earphones are returning to fashion in 2026, with celebrity appearances and growing retail sales challenging the assumption that wireless listening has permanently displaced cables. The revival has moved beyond photographs of models and actors. Consumer research company Circana recorded a 20 per cent increase in United States wired headphone revenue during the first six weeks of 2026, following five consecutive years of declining annual sales. The […]
The UAE plans to invest between Dh150 billion and Dh200 billion in its energy sector by 2030, Energy and Infrastructure Minister Suhail bin Mohammed Al Mazrouei said at ADIPEC 2026 on Monday, linking the spending to national security and rising electricity demand. Speaking during a ministerial panel in Abu Dhabi, Al Mazrouei said geopolitical uncertainty, expanding industrial activity and the power requirements of artificial intelligence and data […]
Cybercriminals impersonating OpenAI are directing ChatGPT subscribers to fraudulent payment pages hosted on rotating WordPress websites, with operators able to demand bank verification codes after capturing card details. Cybersecurity company Fortra identified a reusable phishing kit behind the campaign, documenting identical malicious checkout forms on separate websites and a control panel that allows attackers to manage individual victims in real time. Its findings, published on 26 October, […]
Empowering Global Collections and Payments for Foreign Trade Enterprises
HONG KONG SAR – Media OutReach Newswire – 3 November 2026 — XTransfer, the world’s leading B2B cross-border trade payment platform, and Bank of China (Hong Kong) (“BOCHK”) are pleased to announce the signing of a cooperation agreement. The two parties will work together to expand their international business, providing one-stop cross-border financial services, including global collections, payments, and foreign exchange, for enterprises engaged in international trade in Hong Kong and around the world.
(Left to Right) Mr Martin Liu, Vice President of XTransfer, Mr Bill Deng, Founder and CEO of XTransfer, Mr Liu Chao, General Manager of the Global Corporate Banking Department of BOCHK, Ms Winnie Fan, Deputy General Manager of the Global Corporate Banking Department of BOCHK.
Coinciding with Hong Kong FinTech Week 2026, Mr Martin Liu, Vice President of XTransfer and Ms Winnie Fan, Deputy General Manager of the Global Corporate Banking Department of BOCHK, officially signed the cooperation agreement at the XTransfer booth, witnessed by Mr Bill Deng, Founder and CEO of XTransfer and Mr Liu Chao, General Manager of the Global Corporate Banking Department of BOCHK, marking a new stage in the partnership between the two parties.
Under this cooperation, XTransfer and BOCHK will collaborate in depth across business areas including global collections, payments, and foreign exchange. Leveraging BOCHK’s professional capabilities in cross-border settlement and foreign exchange trading, as well as its unique position as the RMB clearing bank in Hong Kong, combined with XTransfer’s self-built globally unified B2B cross-border settlement network and risk management system, the two parties will jointly create an efficient, lower-cost, and compliant fund collection, payment, and currency exchange experience for foreign trade enterprises. Under this cooperation model, XTransfer is the first corporate partner of BOCHK.
As the cooperation progresses, foreign trade enterprises in Hong Kong and around the world will be able to access global cross-border collection, payment, and foreign exchange services more conveniently, meeting their multi-currency transaction and settlement needs across different markets. Both parties expect that by reducing the handover points in cross-border transaction processes, they can enhance the service experience and capital turnover efficiency, helping enterprises seize global trade opportunities more flexibly.
This cooperation also reflects XTransfer’s continuously deepening Financial Institution Partnership Model. Financial institution partners can act as “Co-builders“, providing cross-border collection, payment, and foreign exchange capabilities; at the same time, through XTransfer’s network covering over one million business customers, they can reach more enterprise customer segments with cross-border financial service needs, achieving complementary capabilities and shared strengths.
Mr Bill Deng, Founder and CEO of XTransfer, said, “We are very honored to sign the cooperation agreement with BOCHK during Hong Kong FinTech Week. BOCHK is one of Hong Kong’s most representative banks, with deep expertise in cross-border settlement and foreign exchange services. This cooperation combines the strengths of both parties, enabling SMEs to enjoy cross-border financial services of the same standard as large multinational corporations. Going forward, we will continue to refine our compliance and risk control capabilities and work with more financial institution partners to build trustworthy cross-border financial infrastructure.” Hashtag: #XTransfer #BOCHK #Partnership #Crossborder #Payment #SMEs
The issuer is solely responsible for the content of this announcement.
About XTransfer
XTransfer is the world’s largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 1 million business customers globally.
We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.
XTransfer has obtained required licenses in major hubs, including the Chinese Mainland, Hong Kong SAR, the United Kingdom, the United States, Singapore, the Netherlands, Australia and Canada.
Arabian Post Staff -Dubai Abu Dhabi National Oil Company (ADNOC) has approved the Ruwais Diyab unconventional gas development, committing to a project designed to produce 345 million standard cubic feet of raw gas daily from 2029. The final investment decision, announced on Monday at the ADIPEC energy conference in Abu Dhabi, clears the way for the company’s first large-scale unconventional gas development. ADNOC expects production to continue […]
Arabian Post Staff -Dubai OpenAI chief executive Sam Altman has described the UAE as the world’s most forward-looking country for artificial intelligence adoption, as his company agreed to deploy advanced AI technology across ADNOC’s energy operations. Speaking at ADIPEC 2026 in Abu Dhabi on Monday, Altman praised the country’s commitment to integrating AI into government and business. His remarks accompanied a multiyear agreement between OpenAI, Abu Dhabi […]
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The Kerala High Court on Monday ordered prison authorities to furnish medical records of former Director General of Police Tomin J Thachankary after questioning his request to travel abroad for employment despite citing serious illness while imprisoned. Justice A Badharudeen directed the superintendent of Poojappura C…
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WUXI, CHINA – Media OutReach Newswire – 2 November 2026 – The 2026 World Internet of Things Expo opened Saturday in Wuxi, an eastern Chinese city, with a focus on the growing integration of artificial intelligence and the Internet of Things.
2026 World IoT Expo in Wuxi, China
The event focuses on the development of intelligent connectivity and its potential to create shared benefits, showcasing how connected devices are evolving beyond collecting and transmitting data to analyzing information, making decisions and taking action.
Organizers said the exhibition covers more than 50,000 square meters and has attracted more than 400 companies from nearly 20 countries and regions. Key exhibits include smart sensors, satellite-based Internet of Things technologies, embodied artificial intelligence robots and next-generation smart devices, with applications spanning manufacturing, transportation and everyday life.
A central theme of this year’s expo is the increasingly close relationship between IoT and artificial intelligence. Sensors allow devices to perceive their surroundings, networks enable information sharing, and AI systems help interpret data and determine appropriate responses.
Exhibits include robotics, machine vision systems and industrial AI models. International companies such as Bosch and Siemens are displaying their technologies alongside Chinese technology firms, highlighting opportunities for cooperation across different parts of the industrial supply chain.
For Wuxi, a city with a strong manufacturing base, the expo also offers a glimpse into its efforts to upgrade its industrial economy.
Since being designated a national demonstration zone for sensor network innovation in 2009, Wuxi has steadily developed its IoT industry. Revenue at major IoT companies in the city reached 318.4 billion yuan ($44.7 billion) in 2025, according to publicly available data.
The city’s established capabilities in sensors, industrial internet systems and connected vehicles are increasingly being extended into artificial intelligence and robotics.
The transition is also receiving policy support. A three-year action plan released by Jiangsu province this year identifies Wuxi as the core of its IoT industry development strategy and calls for deeper integration of IoT and AI technologies, particularly in core industrial production processes.
For participating companies, the expo offers more than an opportunity to showcase new products. It also provides a platform to connect with manufacturers, identify potential business partners and explore international cooperation.
Hashtag: #2026WorldIoTExpoCommittee
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PHP’s security team has issued mitigation guidance for a newly identified remote code execution vulnerability, CVE-2026-115560, while saying the unusual conditions required for exploitation make widespread exposure unlikely. The maintainers advised administrators to disable session upload progress until the next scheduled bug-fix release. The vulnerability has not received an emergency patch because exploiting it requires a particular combination of application configuration and runtime behaviour, rather than merely […]
Greenlogue/AP Cleaner air policies could deliver up to $2.4 trillion in economic benefits by 2040, the World Bank estimates, as governments face mounting pressure to reduce pollution-related deaths and economic losses. The projection, contained in the bank’s report Accelerating Access to Clean Air for a Livable Planet, reflects the estimated value of deaths avoided through coordinated action on pollution and climate emissions. The study, published in March […]
Artificial intelligence developer Anthropic plans to offer shares worth up to 552.9 billion yen ($3.5 billion) to investors in Japan as part of its proposed US stock market debut, according to a regulatory filing released on Monday. The planned allocation represents a significant international component of the company’s initial public offering, potentially giving institutional and other eligible investors in Japan direct access to one of the largest […]
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