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• Commits HK$14 million over two years to empower more than 38,000 beneficiaries.
• Incubates three inaugural community projects, bridging young people and the wider community.

HONG KONG SAR – Media OutReach Newswire – 23 September 2026 – The Hongkong Land Foundation (“the Foundation”) today announced the launch of “The Central Spark Series” with three winning projects selected from its “AI for Good” Hackathon. Together with its other ongoing initiatives, these projects form part of Hongkong Land’s HK$14 million commitment over the next two years to benefit more than 38,000 people across Hong Kong. The Central Spark Series also aligns with the HKSAR Government’s 2026 Policy Address, supporting its strategic vision for the renewal of Central as well as its agenda to strengthen people’s livelihood and foster a more inclusive society.

The Central Spark Series’ official launch ceremony brought together leaders from across government and the public sector, academia, social enterprise, and commerce. Officiating and attending guests demonstrating this cross-sector collaboration included Mr Ho Kai Ming, JP, Under Secretary for Labour and Welfare; Ms Grace Chan Man-yee, Member of the 8th Legislative Council (Social Welfare Functional Constituency); Ms Jeanne Cheng, JP, District Officer (Central and Western District); Mr Ivan Ho, Harbourfront Commission Chairman; Ms Sam Lam, Interim Director of the Jockey Club Design Institute for Social Innovation at The Hong Kong Polytechnic University; Prof Esterina Nervino, Associate Director of Global Governance & Innovation for a Shared Future at City University of Hong Kong; and Prof Howard Ling, Chief Consultant of Impact Incubator.

In March 2026, the Foundation organised the “AI for Good” Hackathon, a collaborative social innovation programme developed in partnership with The Jockey Club Design Institute for Social Innovation of The Hong Kong Polytechnic University. Ten NGOs and educational institutions pitched proposals to a panel of industry and community leaders. Three winning projects were selected: Central Connect by the Hong Kong Design Institute, Central as Canvas by Caritas Hong Kong, and Central POP! by the Hong Kong Youth Arts Foundation. These three projects form the foundation of The Central Spark Series, with further details outlined in the appendix.

The Central Spark Series leverages Hongkong Land’s Central portfolio in the heart of Hong Kong as a dynamic platform for learning, public participation and community engagement. By bringing young people, NGOs, tenants, employees and the wider public into the district, it translates the Foundation’s People, Place and Culture pillars into visible, on-the-ground experiences. Together, these projects demonstrate how different sectors can collaborate to build longer-term partnerships and create measurable social impact by creating more inclusive and resilient communities. They also nurture the next generation in art and culture, heritage and creativity, building a talent pipeline for Hong Kong’s creative industries.

Beyond Hong Kong, the Foundation extends its reach into other communities where Hongkong Land operates. The Foundation recently backed the Cultural Legacy Innovation Challenge in Beijing, supporting local young people to reimagine the travel route along the Beijing Central Axis. The project promotes the city’s heritage and history to residents and visitors from around the world. In addition to monetary support, Hongkong Land volunteers also give back to the community by offering their time and effort. This year, volunteers across Hong Kong, the Chinese Mainland, Singapore and South Asia have contributed more than 3,000 hours to various projects.

Michael T. Smith, Group Chief Executive of Hongkong Land, and Director of Hongkong Land Foundation, said “Businesses thrive only when their communities flourish. Through our Hongkong Land Foundation, we are committed to unlocking upward social mobility for the next generation through meaningful mentorship, networks, and opportunities. Central, Hong Kong has long stood as the preeminent financial district. Through the Central Spark Series, we will bring together non-profit, academia, talent, commercial partners, tenants, and the wider community to broaden that identity to help make it a vibrant hub for creativity, collaboration, and community.”

Hongkong Land has a longstanding commitment to corporate social responsibility. Since its establishment in November 2020, the Foundation (formerly Hongkong Land HOME FUND) has committed more than HK$133 million in community initiatives benefiting more than 760,000 people. Working alongside its partners over the long term, Hongkong Land remains committed to creating lasting impact for the communities of Hong Kong and beyond.

Appendix: Winning projects of the Central Spark Series

Hashtag: #HongkongLand

The issuer is solely responsible for the content of this announcement.

Hongkong Land

Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. With over US$50 billion in assets under management, Hongkong Land’s premium and ultra-premium mixed-use real estate footprint spans over 1.82 million sq. m. lettable area in operation and 1.57 million sq. m. lettable area under development, with flagship mixed-use projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. Established in 1889, Hongkong Land takes a long-term view, investing significantly alongside its capital partners and concentrating its portfolio where it can create the most value for tenants, customers and investors. Hongkong Land Holdings Limited has a primary listing on the London Stock Exchange, with secondary listings in Singapore and Bermuda. Hongkong Land is a member of the Jardine Matheson Group.

Hongkong Land Foundation

The Hongkong Land Foundation was established in November 2020 (formerly the Hongkong Land HOME FUND) to underscore our long-term commitment to liveable cities and vibrant communities. Building on our legacy of innovation, placemaking, and sustainability, the Foundation focuses on three interconnected pillars: People, Place, and Culture. Through these pillars, we drive social engagement and community development, acting as a catalyst for meaningful social impact. We address long-term socio-economic challenges and enrich lives across the communities we serve – creating lasting positive change, enhancing well-being, and fostering shared prosperity and resilience wherever Hongkong Land operates.

By Ashok Nilakantan Ayers NEW YORK: After months of courtroom confrontation, political pressure, Hollywood lobbying and increasingly tense negotiations, Paramount Skydance and Warner Bros. Discovery have finally found a settlement with California and 11 other states that removes the biggest obstacle to their proposed $110 billion merger. It is not quite the closing of the […]

The article Paramount-Warner: Hollywood’s $110 Billion Mega Merger appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The model supports text-to-image creation, image-to-image generation and multi-round editing, according to Tencent Cloud documentation published alongside the release. It can accept multimodal inputs combining text and reference images, preserve context across successive editing turns and produce images at resolutions of up to 4K.

Tencent said the model improves on Hy Image 3.0 in text rendering, realism, stylistic expression and editing consistency. The company said internal evaluations showed an overall capability improvement of about 30 per cent over the previous generation, though those performance claims have not been independently established.

The new system is being integrated into Tencent products including its Yuanbao chatbot and a range of design, productivity and creative tools, while developers can access it through Tencent Cloud’s TokenHub platform. Tencent’s cloud documentation lists the model under the identifier hy-image-v3.5-preview and says it can handle up to 100,000 input tokens for conversational image-generation and editing requests.

The release places greater emphasis on iterative visual production rather than single-prompt image creation. Users can provide reference pictures, request changes over several rounds and retain earlier context, allowing the model to perform tasks such as poster design, product-image editing and other workflows that require repeated adjustments.

Tencent also says the model can use external search enhancement and automatic prompt rewriting, while its application programming interface allows developers to specify image dimensions or let the system determine an appropriate format. The model supports output of up to 4,096 by 4,096 pixels under Tencent Cloud’s documented limits.

The launch comes as China’s largest technology groups broaden their AI offerings beyond large language models and compete more aggressively in image, video and agent-based systems. ByteDance has built a strong position in visual-generation tools through its Seedream family, while Alibaba has expanded its Qwen image models alongside a wider push into cloud infrastructure and AI chips.

Tencent said testing among hundreds of its in-house designers found Hy Image 3.5 Preview performed on a level comparable with ByteDance’s Seedream 5.0 Pro. It also claimed the model slightly exceeded Google’s Nano Banana Pro and Alibaba’s Qwen-Image-3.0 Pro in its own assessments. The company did not disclose full methodology or independent benchmark results for those comparisons.

The timing also coincided with Alibaba’s annual Apsara conference in Hangzhou, where the company outlined plans for a much larger next-generation AI model and introduced its Zhenwu V900 accelerator chip. Alibaba Chief Executive Eddie Wu said the planned model would contain between five trillion and 10 trillion parameters, potentially several times the size of its current flagship system.

Tencent has been accelerating investment in its Hunyuan model family while placing more emphasis on deployment across its existing products. Its Hy3 language model, released in July, was designed around a mixture-of-experts architecture and has since been integrated into services including WorkBuddy, Yuanbao and Tencent Cloud.

The company has also strengthened its AI research leadership. Former OpenAI researcher Yao Shunyu serves as Tencent’s chief AI scientist, while computer-vision specialist Tian Yonglong joined the company in July and leads vision-language model development within the Hunyuan team.

Tencent’s Hong Kong-listed shares climbed more than 6 per cent during Tuesday trading as investors reacted to the product launch and a broader rise in technology stocks. The stock had also advanced in the previous session.

For business users, Tencent Cloud is positioning Hy Image 3.5 Preview as a professional visual-production model rather than a consumer-only image generator. Its documentation says users can combine multiple reference images with text instructions, carry generated images forward into later editing rounds and receive synchronously generated results without submitting separate polling requests.

Focusing on “Nature-Positive” Concept: Inviting the Education Sector to Co-Create a Vision for Green Building

HONG KONG SAR – Media OutReach Newswire – 22 September 2026 – To enhance public understanding and awareness of green buildings, the Hong Kong Green Building Council (HKGBC) has launched “My Green Space” Student Competition since 2011. The Competition encourages students to unleash their creativity and integrate green building concepts into real life, thus creating ideal green spaces.

The 2026-2027 edition, solely sponsored by Chinachem Group, explores “The Ideal Nature-Positive Built Environment“. It seeks to inspire the younger generation to reimagine the relationship between cities and nature through creative thinking and to nurture future green building pioneers.

Aligning with Policy: Urban Transformation and Ecological Balance

Natural ecosystems and biodiversity are essential foundations of human well-being and sustainable development. Amid escalating climate challenges, transforming cities into more sustainable built environments is paramount to balancing human development with nature conservation.

The Biodiversity Strategy and Action Plan (BSAP) updated by the Government of the HKSAR, underscores the urgency of protecting local biodiversity to foster the harmonious coexistence between humans and nature, as well as between urban development and ecological conservation. The Hong Kong Nature-based Solutions Design Guidelines (HKNbSDG) provides a localised framework in this regard for designing and implementing solutions to enhance climate resilience, promote biodiversity and coexistence of development and nature conservation.

This year’s Competition invites students to present their vision of a liveable, regenerative, zero-waste and circular built environment through the lenses of design, planning, engineering, climate-resilient strategies and nature-based solution, to help drive society toward a carbon-neutral and nature-positive future.

Open to Primary, Secondary and Tertiary Students with Comprehensive Support and Learning Experiences

The Competition features five divisions covering different learning stages: Junior Primary, Senior Primary, Junior Secondary, Senior Secondary, and Tertiary. To foster cross-regional collaboration, the Tertiary category welcomes student teams from across the Greater Bay Area.

Participants may submit entries in the form of 2D artworks (for the Junior Primary and Senior Primary Divisions only), 3D models, multimedia works, or proposals. Each entry must include at least one building of any type, allowing participants to explore the possibilities of green building through different creative formats.

To equip participants with fundamental knowledge of green building, HKGBC will organise “Green Building Tour and Training Workshop” to impart relevant knowledge. “The Companion Scheme” will also be launched, under which young green building practitioners from the “Green Building Young Leaders (GBYLs)” Programme will answer participants’ technical questions on a voluntary basis and provide professional advice throughout the Competition.

Entries will be assessed on four criteria: application of sustainability from the environment, economics and social aspects or green building concepts, originality, creativity and innovation, effectiveness of presentation, and feasibility of implementation. Participants who join the “Green Building Tour and Training Workshop” and complete the designated questionnaires will receive bonus marks.

Attractive Prizes and Development Opportunities to Help Students Build Careers

Each category offers Champion, First Runner-up, Second Runner-up and Merit awards, with cash prizes of up to HK$8,000, trophies and certificates. As the sole sponsor, Chinachem Group will also offer special awards to demonstrate its ongoing commitment to nurturing future talent. Full award details will be announced later.

Beyond cash prizes and certificates, HKGBC offers diverse extra recognition and development opportunities. Winning entries will be exhibited at D．PARK , further showcasing participants’ creativity and achievements and enriching their personal portfolios.

Tertiary winners may also be invited to internship interviews with Chinachem Group, Arup, and other leading green building organisations, thereby laying a solid foundation for future careers in green building and sustainable development.

Details of “My Green Space” Student Competition 2026-2027：

Registration Period:	From now until 31 December 2026
Entry Submission Deadline:	31 March 2027 6:00pm
Online Registration:	https://forms.gle/2gLsgvCq51VrCH7J8
Eligibility:	The Competition is open to students from local primary and secondary schools or local and Greater Bay Area Tertiary Institutions in the academic year 2026/27. Students can participate as individuals or in groups of up to 6 members. Each participant can join one group only. Each entrant or group is allowed to submit 1 entry only.
Divisions:	Primary Divisions Junior Primary (P1 – P3) Senior Primary (P4 – P6) Secondary Divisions Junior Secondary (S1 – S3) Senior Secondary (S4 – S6) Tertiary Division Students from Local and Greater Bay Area Tertiary Institutions

For details of the Competition, please visit the Competition website:
www.hkgbc.org.hk/studentcompetition

Hashtag: #HKGBC

The issuer is solely responsible for the content of this announcement.

About the Hong Kong Green Building Council (HKGBC)

The Hong Kong Green Building Council (HKGBC) is a non-profit, member-led organisation established in 2009 and has become a public body under the Prevention of Bribery Ordinance since 2016. The HKGBC strives to promote the standard and development of sustainable buildings in Hong Kong. The HKGBC also aims to raise green building awareness by engaging the government, the industry and the public, and to develop practical solutions for Hong Kong’s unique, subtropical built environment of high-rise, high density urban area, leading Hong Kong to achieve carbon neutrality by 2050 and to become a world’s exemplar of green building development. The Founding Members of the HKGBC include the Construction Industry Council (CIC), the Business Environment Council (BEC), the BEAM Society Limited (BSL) and the Professional Green Building Council (PGBC).

To learn more about the HKGBC, please visit www.hkgbc.org.hk.

By Dr Arun Mitra Forest fires across different parts of Europe, devastating heat waves in many western countries, growing concern over El Niño & similar phenomena and the rapid melting of glaciers are alarming indicators of a planet under severe stress. The formation of large glacial lakes poses an additional danger, as the breaching of […]

The article Triple Whammy: Ongoing Wars, Nuclear Threats Worsen Climate Crisis appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Drivers aged 8–17 build real race experience through qualifying, attack, defense and overtaking

HONG KONG / GUANGZHOU, CHINA – Media OutReach Newswire – 21 September 2026 — For a young racing driver, there is far more to learn from a kart race than simply setting the fastest lap. Organised by China Hong Kong Motorsports Centre (CHKMC) with the support of IAME Series Asia and HKAA, the opening round of the HK Youth Karting Championship 2026 was recently completed at Guangzhou Conghua International Circuit.

Over two days of practice, qualifying and competitive racing, young drivers from Hong Kong put their training into action, testing their speed, race craft and decision-making under genuine race conditions.

The championship features two categories — Cadet for drivers aged 8–12 using 60cc karts and Junior for drivers aged 12–17 using 125cc karts — competing on the approximately 1.2-kilometre, 14-corner circuit.

From lap time to real race craft

The weekend began with practice, allowing drivers to refine braking points, racing lines and corner-exit speed with support from coaches and mechanics.

Qualifying then challenged competitors to produce a competitive lap within a limited time on track to secure the best possible starting position.

However, once the racing began, outright speed was only part of the challenge.

With multiple karts fighting for position at the very first corner, drivers had to assess the traffic around them, choose attacking or defensive lines and decide when to overtake or hold position.

Over the two days of racing, the young drivers chased each other through various corners, with moments of side-by-side cornering, defending positions, and looking for overtaking opportunities. For young drivers, managing traffic on the track, race pressure, and split-second decision-making are experiences that are difficult to fully simulate in routine solo practice.

These situations help young drivers develop genuine race craft, which is an important step for a driver to learn, progress and grow in motorsports.

One Make Karting unifies kart and engine specification, putting the focus on the driver

The championship adopts a One Make Karting / Arrive & Drive format, with race karts and competition equipment arranged to a unified specification, together with designated practice and race tyres.

By reducing equipment differences, the format places greater emphasis on driving technique, consistency, decision-making and race strategy.

It also gives young racers stepping into competitive racing for the first time the opportunity to experience a complete race weekend, from practice and qualifying to race starts, on-track battles and post-session analysis.

The value of the first race is not measured by podium positions

In youth motorsport, results are important, but racing experience often has to be built up race by race.

A position gained or lost at the start, choosing the right moment to overtake, or learning how to recover after a mistake can become valuable lessons for the next race.

CHKMC Head Coach Chester Lam said, “Training can teach a driver racing lines, braking points and kart control, but a real race involves other drivers, starts, attack and defense, and pressure. It is a completely different situation.”

“Young drivers need real racing to gradually learn how to read a race. Every time they complete a race, they should be equipped with more experience than they had before.”

Karting has long been one of the first forms of competitive motorsport experienced by many professional racing drivers. CHKMC hopes to create more opportunities for young people in Hong Kong to develop from fundamental training to track driving and, ultimately, real racing.

From Hong Kong to a wider Asian racing stage

The aim of the HK Youth Karting Championship is not for every participant to become a front-running racer immediately, but to provide a platform where young drivers can compete, make mistakes, learn and gradually build their racing experience.

From lining up on the starting grid to attempting an overtake, defending a position or understanding tyres and changing track conditions, every race adds another layer to a young driver’s development.

The championship also connects young racers with the wider Asian karting scene.

Strong performers in the Cadet and Junior categories may have the opportunity to progress towards the IAME Asia Final 2026 in Macau, competing alongside drivers from across the region.

Round 1 complete, attention turns to the next challenge

Following the opening round, drivers and coaching teams started reviewing lap times, racing lines and overall performance as they prepare for the next race.

The HK Youth Karting Championship 2026 will continue with its next round at Guangzhou Conghua International Circuit on 10 – 11 October 2026, giving young racers another opportunity to apply what they learned and continue building valuable race experience.

For a young driver, the chequered flag at the end of one race is not the end of the journey.

It is preparation for the next one.

About HK Youth Karting Championship 2026

Categories:
Cadet — Ages 8–12 / 60cc
Junior — Ages 12–17 / 125cc

Circuit: Guangzhou Conghua International Circuit
Organiser: China Hong Kong Motorsports Centre (CHKMC)
Supported by: IAME Series Asia

Enquiries
China Hong Kong Motorsports Centre (CHKMC)
Tel: +852 6288 6268
Website: www.chkmc.com.hk

Hashtag: #CHKMC #廣州從化國際賽車場 #中國香港賽車運動中心 #青少年賽車 #青少年車手 #青年車手

https://www.chkmc.com.hk

The issuer is solely responsible for the content of this announcement.

The Hyderabad region operates across three availability zones and is designed to provide resilience for organisations running critical applications. Microsoft said the architecture is aligned with applicable regulatory and seismic requirements in India, while giving customers additional options for data residency, continuity and governance.

The company said the region is now live with a broad set of Azure services, with more cloud and AI capabilities scheduled to be added over the coming months. It is also intended to support Microsoft Foundry and other advanced AI services as capacity expands.

Puneet Chandok, president of Microsoft India and South Asia, said at the Microsoft AI Infrastructure Summit in New Delhi that the Hyderabad facility was built for advanced AI workloads and would serve as a strategic hub for Asia and the Global South. Microsoft also said its data centre regions across the country are now AI-enabled, combining specialised hardware, cooling systems and the platform infrastructure needed to run advanced models.

India South Central joins Microsoft’s Central India region in Pune, South India region in Chennai and West India region in Mumbai. Microsoft’s Azure region list identifies Hyderabad as India South Central and shows Central India as its paired region for disaster-recovery planning.

The Hyderabad expansion forms part of Microsoft’s $20.5 billion investment commitment to India, comprising a $3 billion investment announced in January 2025 and a further $17.5 billion commitment announced in December 2025. The company has linked that spending to cloud capacity, AI infrastructure and skills development.

The launch comes as data-centre investment accelerates across the country alongside demand for computing capacity needed to train and run AI systems. A Boston Consulting Group study cited by Microsoft estimates that India’s data-centre build-out could generate $140 billion to $200 billion in economic output through 2030. Microsoft said its infrastructure is intended to serve enterprises, start-ups and public-sector organisations.

Microsoft said Adani Group, Bajaj Finserv, HDFC Bank and PB Pay have signed up to use the new region. The company said local capacity would allow eligible cloud and AI workloads to be deployed closer to users and operations while supporting security, compliance and sovereignty requirements.

The region expands Microsoft’s Sovereign Public Cloud foundation in India. The company said its cloud regions provide capabilities aligned with Ministry of Electronics and Information Technology guidelines and are designed to help customers address requirements under the Digital Personal Data Protection framework, as well as sector-specific expectations from the Reserve Bank of India and CERT-In. Microsoft stressed that customers remain responsible for determining which rules apply to their workloads.

Capabilities expected to become available as services are rolled out include Azure confidential computing, Customer Lockbox and Azure Key Vault. These are intended to give organisations additional controls over data protection, encryption keys and Microsoft’s operational access, particularly for sensitive workloads.

Microsoft also highlighted the cooling design of the Hyderabad region, saying high-efficiency mechanical systems enable effectively zero water use for cooling. The company has tied the design to its broader 2030 sustainability goals, which include becoming carbon negative, water positive and zero waste.

Alongside the infrastructure launch, Microsoft said its AI-skilling programmes have reached more than 10 million people in India, halfway towards a target of 20 million by 2030. It also operates a 600-hour data centre training programme with Young India Skills University in Telangana aimed at preparing students for infrastructure and operations roles.

Jitin Prasada, Minister of State for Commerce and Industry and Electronics and Information Technology, said the new region would strengthen the digital infrastructure required to support the IndiaAI Mission and expand the capacity available to developers, enterprises and public institutions.

South Korea and Taiwan led the regional gains, reflecting renewed buying in semiconductor companies tied to expanding demand for data centres, memory chips and advanced computing. South Korea’s Kospi rose about 1.4%, while Taiwan’s benchmark gained around 1% and reached a three-month high. MSCI’s broadest index of Asia-Pacific shares outside Japan added roughly 0.9%.

Chinese blue-chip shares were also firmer, rising about 0.2%, while Japan’s cash market was closed for the Silver Week holiday. Nikkei futures nevertheless edged 0.2% higher. Trading across parts of the region was thinner than usual because Japanese markets will remain shut through Wednesday.

The strength in Asian technology shares followed continued investor focus on the capital spending required to support generative AI and cloud computing. Samsung Electronics rose sharply in Seoul, while Taiwan Semiconductor Manufacturing Co gained in Taipei, reinforcing the technology-heavy tone across major regional bourses.

US equity futures also pointed higher during Asian trading. S&P 500 futures gained about 0.4% and Nasdaq futures rose 0.6%, while European futures indicated a firmer opening, with EUROSTOXX 50 and German DAX contracts advancing.

Oil prices moved in the opposite direction. Brent crude fell about 1.7% to just above $102 a barrel, while US West Texas Intermediate dropped close to 2% to around $98.50. Both benchmarks had already weakened at the end of last week.

The decline reflected signs that more crude and other energy cargoes were moving through the Gulf despite continuing disruption linked to the conflict in the region. Data from Kpler showed Saudi Arabian crude exports recovering to just above 4 million barrels per day so far in September after dropping to about 2.4 million barrels per day in August.

Saudi shipments through the Strait of Hormuz have increased after disruption to the East-West pipeline and reduced flows through the Red Sea export hub of Yanbu. JPMorgan analysts estimated that total Middle East oil flows averaged 17.1 million barrels per day over the previous 10 days, suggesting that physical supply had proved more resilient than traders initially feared.

Energy markets were also monitoring the possibility of diplomatic engagement this week, which helped reduce part of the geopolitical risk premium built into crude prices. However, tensions remained high after further attacks involving Saudi targets, leaving traders cautious about assuming that supply risks had disappeared.

Bond markets remained another constraint on risk appetite. The US two-year Treasury yield was around 4.76%, after rising sharply over the previous two weeks. Futures markets were pricing a greater-than-even chance of another Federal Reserve rate increase in October following the central bank’s hawkish guidance last week.

Higher borrowing costs have complicated the outlook for equities even as technology stocks continue to attract capital. Investors are balancing the earnings potential created by AI-related investment against the prospect that restrictive monetary policy could persist as central banks attempt to contain inflation.

The US 10-year Treasury yield was close to 5%, keeping pressure on rate-sensitive assets and supporting the dollar. The currency was little changed around 157 yen, with investors alert to the possibility of intervention by Japan’s authorities during the holiday-thinned session.

The yen had strengthened sharply on Friday after Japanese authorities conducted rate checks in the foreign-exchange market. The euro was broadly steady near $1.148 after losing ground against the dollar over the previous week.

Gold prices were little changed to slightly lower as higher bond yields offset safe-haven demand generated by Middle East tensions. Copper, meanwhile, remained supported by signs of stronger demand from China and constrained inventories.

Australia’s S&P/ASX 200 was broadly flat, lagging the technology-led advances elsewhere in the region. India’s benchmark Sensex traded higher during the session, while Hong Kong shares also advanced as investors continued to favour large technology and internet companies.

A first of its scale for a Southeast Asian-founded company, the collaboration marks a major milestone that will significantly boost Southeast Asia’s profile in the global AI ecosystem. By combining Aolani’s capabilities and NVIDIA’s technology, the strategic collaboration will unlock financing that will further accelerate and democratise access to AI compute in Asia for global AI natives, sovereigns, and local enterprises and SMEs.

This collaboration brings Aolani’s total AI factory capacity to more than 100 megawatts (MW). 22,000 GPUs are expected to be deployed across two AI factories in Malaysia and the Philippines in early 2027. This will bring Aolani’s total deployment to over 48,000 GPUs.

An NVIDIA Cloud Partner since 2023, Aolani will be deploying NVIDIA Blackwell Ultra GPUs, a leading AI system designed to help organisations build and scale advanced AI workloads today.

Aolani will deliver NVIDIA-powered cloud services to AI-native companies, enterprises, startups, developers and institutions across Southeast Asia. A revenue-sharing and credit-support model will align infrastructure deployment with customer demand, helping broaden access to large-scale accelerated computing while giving Aolani a capital-efficient path to scale its AI factories across the region.

Driving Southeast Asia as a leading global powerhouse for AI innovation

Southeast Asia is one of the most robust AI markets in the world, with AI adoption rates among companies demonstrating stronger momentum than global average^[1]. With more than US$50 billion invested by global hyperscalers in AI-ready data centres and cloud infrastructure^[2], the region’s growth is driven by its emerging position as a global arena for cloud and AI innovation.

While Malaysia has established itself as one of Asia’s premier AI factory hubs, the Philippines represents a high-potential emerging market for AI infrastructure. Aolani’s deployment in the Philippines is expected to be among the first large-scale AI infrastructure platforms in the country, broadening access to advanced AI compute and supporting the buildout of essential AI infrastructure in Asia.

Nicholas Chia, Chief Executive Officer at Aolani said: “This collaboration with NVIDIA marks a defining moment in Aolani’s mission to deliver world-class AI compute at the speed that matches the pace of AI development, and on infrastructure that is compliant, accountable, and trusted to perform. Southeast Asia is rapidly emerging as a key global node for the next wave of global AI buildout, and we are well-positioned to lead this. We are excited to work with new partners and customers to build the Southeast Asian AI ecosystem and cement the region’s central role in the global AI landscape.”

Media Contact

H/Advisors on behalf of Aolani
[email protected]

Sources:

[1] McKinsey & Company, “AI in Southeast Asia: An Era of Opportunity,” 2024, https://www.mckinsey.com/featured-insights/future-of-asia/ai-in-southeast-asia-an-era-of-opportunity

[2] Singapore Economic Development Board, “AI in Southeast Asia: An Era of Opportunity,” https://www.edb.gov.sg/en/business-insights/market-and-industry-reports/ai-in-southeast-asia-an-era-of-opportunity.html

https://www.aolani.com
https://sg.linkedin.com/company/aolani-cloud

The issuer is solely responsible for the content of this announcement.

About Aolani

Where AI gets built in Asia. Headquartered in Singapore and founded in 2023, Aolani is backed by compliant and purpose-built infrastructure to deliver the performance capabilities for next-generation AI. Aolani’s AI factories enable organisations to build with confidence, scale ambitiously, and move at hyper-speed in the world’s fastest-growing AI market.

For more information, visit www.aolani.com and follow @AolaniCloud on LinkedIn.

The assessment evaluated multiple leading AI computing resource management platform providers in China and noted Phancy’s industry-leading technological maturity across heterogeneous accelerator compatibility and adaptation, large-scale cluster operations, and delivery in hybrid cloud environments. Drawing on its accumulated capabilities in heterogeneous computing resource management, fine-grained GPU virtualization and agent-oriented computing services, Phancy received full scores and outperformed the industry benchmark in four out of six evaluated dimensions[1].

According to the IDC report, as AI moves into large-scale deployment, the growing adoption of AI agents is reshaping cloud infrastructure. In the meantime, AI infrastructure is evolving beyond basic computing capacity to become a core part of the enterprise technology stack, supporting digital and intelligent transformation.

Dr. Dai Wenyuan, Founder and Chief Executive Officer of Phancy, said: “The AI industry is moving beyond the ‘model race’ and entering a new phase of large-scale deployment. For enterprises, the real challenge is no longer whether they can access large language models, but about how to translate agentic AI capabilities into sustained productivity while keeping costs under control and operations stable. IDC’s assessment reflects the growing importance of unified management, flexible scheduling and fine-grained operations for heterogeneous computing resources. Phancy will continue to advance its capabilities in heterogeneous computing resource scheduling and agent infrastructure, helping more enterprises unlock the value of AI with greater efficiency, cost-effectiveness and reliability.”

Five Core Capabilities Behind Phancy’s Vendor-Neutral Unified Management Platform

At the core of Phancy’s offering is vendor-neutral unified management software that supports large-scale training and high-concurrency inference for mainstream models across chips from over ten leading vendors[2]. Its core technological capabilities include:

• Code-compatible multi-chip virtualization: Phancy supports the partitioning of a single AI accelerator across multiple workloads, enabling mainstream frameworks and inference engines, including PyTorch, TensorFlow, vLLM and SGLang, to run without changes to application code. Resource quotas help maintain stability when multiple workloads run concurrently.
• Three-tier resource pools and intelligent workload scheduling: Phancy’s platform provides three types of resource pools: dedicated, shared and overcommitted pool. Resources can be intelligently scheduled based on four dimensions (workload priority, hardware topology, real-time load and resource requirements), enabling large-scale training and high-concurrency inference workloads to run on the same infrastructure.
• AI gateway and dual-track metering: The AI gateway provides unified management of model routing, API calls and audit activities. Usage is measured through both accelerator hours and token consumption, helping enterprises track costs and resource utilization from the perspectives of both resource consumption and model usage.
• Agent-oriented computing services: Phancy’s platform turns heterogeneous computing resources into standardized services that AI agents can call on demand. These services support partitioning, reuse and elastic scaling. Combined with intelligent routing through the AI gateway, this accommodates the frequent calls and fluctuating workloads associated with AI agents, while token quotas and circuit-breaking mechanisms also help enterprises manage usage risks and costs when predefined limits are exceeded.
• Operations and maintenance for heterogeneous computing resources: Phancy’s platform provides end-to-end observability spanning nodes, accelerators, workloads and model services. It supports fault isolation, workload rescheduling and private deployment in environments without public internet access, helping enterprises improve operational efficiency across complex heterogeneous computing environments.

The report highlighted a use case in which a Chinese policy bank significant improved resource utilization by using Phancy’s three-tier resource pool architecture to manage computing resources across three data centers in two locations, while also enabling a smooth business migration.

Looking ahead, Phancy will continue to advance its AI computing resource management platform as AI infrastructure shifts from traditional “cloud + AI” architectures toward greater cloud-native, agent-oriented integration. The Group will continue to help enterprises manage computing resources more efficiently, deploy AI across a wider range of production environments, and turn AI into sustainable business productivity at scale.

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About Phancy Group

Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”

Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.