Singapore’s central bank has revoked Bsquared Technology’s major payment institution licence after finding serious regulatory breaches, barring the local crypto liquidity provider from offering digital payment token services in the city-state. The Monetary Authority of Singapore said the revocation took effect on 14 May 2026, marking a firm enforcement step in one of Asia’s most closely watched digital-asset markets. Bsquared Technology Pte Ltd, also referred to as […]
Millions of browser users have been targeted by CypherLoc, a scareware campaign built to freeze screens, mimic security alerts and push victims towards fraudulent technology support operators. Security researchers tracking the activity said about 2.8 million attacks have been observed since the start of 2026, underscoring the scale of a threat that relies less on advanced malware and more on pressure, confusion and trust in familiar security […]
HONG KONG SAR – Media OutReach Newswire – 20 May 2026 – Phancy Group Co., Ltd. (Stock Code: 6682.HK), a leading Artificial General Intelligence (AGI) company, today announced that it has entered into a strategic cooperation and joint venture framework agreement with Huanxi Media Group Limited (“Huanxi Media”, stock code: 1003.HK), a prominent player in film and television entertainment.
By combining Phancy’s comprehensive full-stack AI capabilities with Huanxi Media’s extensive film and television data, intellectual property (IP) assets, and production expertise, the two companies aim to drive the entertainment industry’s shift from digitalization to true intelligence.
Under the framework agreement, the parties plan to set up a joint venture as the collaboration platform. They will pursue in-depth cooperation across several key areas, including data collaboration, development of large models and Agents for film and television, exploration of AI applications in new entertainment scenarios, AI-powered joint production and content creation, IP derivative development, and broader resources collaboration.
In addition, the two parties have signed a framework agreement for large model API services. Huanxi Media intends to adopt Phancy’s advanced large model and API services, with a targeted cumulative service value of no less thanUS$200 million through Token consumption over the next three years. The substantial long-term commitment highlights strong market confidence in the reliability and commercial strength of Phancy’s AI Platform, and is expected to provide the Company with stable, recurring revenue streams.
Dr. Dai Wenyuan, Founder and CEO of Phancy, said: “The entertainment sector is one of the most valuable and promising application scenarios for AI. This in-depth strategic partnership with Huanxi Media represents a strong alliance between our two companies and our shared vision to build a new industry ecosystem. As a leader in full-stack AI infrastructure and technical services, we at Phancy will fully leverage our core strengths in large model development, Agentic AI, heterogeneous computing power scheduling, and our Token ecosystem to empower the entire value chain of the entertainment industry. Moving forward, we will work closely with Huanxi Media, combining our respective technological advantages and industry resources to unlock new growth potential in the AI-powered entertainment sector.”
Strategic Significance of the Partnership
Phancy’s full-stack AI capabilities have taken a major step forward, moving from general platform services into deep vertical integration within the entertainment ecosystem. By embedding its self-developed AI technologies into Huanxi Media’s rich data, production environments, and IP assets, Phancy can integrate cutting-edge tools directly into content creation and daily operations, turning advanced technology into real business impact.
The film and television industry is going through a fundamental transformation. From assisted creation to intelligent production, and from virtual actors to interactive film and gaming experiences, AI is reshaping the entire content production process. The two parties will collaborate on frontier areas such as co-productions, digital human actor development, AI-generated realistic dramas, and interactive film-game projects. This partnership will move AI beyond a supporting tool and make it a core driver of content creation. Leveraging Phancy’s strengths in domestic computing power adaptation and integrated hardware-software solutions, the collaboration will significantly reduce the barriers and costs of using AI in the entertainment industry and speed up its adoption in actual productions.
This strategic alliance is an important move for Phancy as it expands its presence in real-world AI applications and deepens its industry impact. It is also expected to set a new benchmark for intelligent transformation in the entertainment sector. The two companies will continue to explore innovative ways to integrate AI with entertainment, create high-quality intelligent content, and help drive the industry into a new stage of high-quality intelligent development.
Hashtag: #PhancyGroup
The issuer is solely responsible for the content of this announcement.
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.
Washington has imposed sanctions on more than 50 Iran-linked individuals, companies and vessels, targeting a currency exchange network and oil transport channels as pressure builds on Tehran to reach a deal and reopen the Strait of Hormuz. The measures announced on Tuesday place Amin Exchange, also known as Ebrahimi and Associates Partnership Company, at the centre of a renewed campaign against Iran’s financial and petroleum networks. The […]
Arabian Post Staff -Dubai Senior ministers, diplomats and business leaders from the UAE and India used a Dubai forum on Monday evening to sharpen a shared push for bilateral trade to reach $200 billion by 2032, building on the momentum generated by the Comprehensive Economic Partnership Agreement. The high-level gathering, hosted by the UAE India Business Council’s UAE chapter under the theme “Strength in Resilience”, brought together […]
Arabian Post Staff -Dubai Fujairah has become the first completed passenger station on Etihad Rail’s national network, marking a significant step towards the phased start of UAE passenger train operations later this year. The station, located in Madinat Al Hilal, spans 51,900 square metres and places the east coast emirate at the centre of the opening stage linking Fujairah with Dubai and Abu Dhabi. Adhraa Al Mansoori, […]
Microsoft has disrupted infrastructure used by Fox Tempest, a cybercrime-enabling group accused of selling fraudulent code-signing services that helped ransomware operators disguise malware as trusted software. The action, led by Microsoft’s Digital Crimes Unit, targeted a malware-signing-as-a-service operation that allegedly abused legitimate software verification systems, including Microsoft’s Artifact Signing platform. A legal case unsealed in the US District Court for the Southern District of New York said […]
Hackers stole parts of Grafana Labs’ codebase after gaining access to its GitHub environment through a compromised token, prompting fresh concern over software supply-chain security at a company whose observability tools are embedded across enterprise technology operations. The New York-based open source software developer said an unauthorised party accessed its GitHub environment and downloaded code after obtaining a token with repository access. The attackers then tried to […]
By Dr. Gyan Pathak Despite several orders and recommendations of the Supreme Court and the Parliamentary Standing Committee, the Union Government did not structurally reform the National Testing Agency (NTA), and also did not take appropriate actions that helped the education mafia of the country to strengthen its grip over the agency. In the name […]
Sony has raised PlayStation Plus prices for new customers in select markets, increasing the cost of one-month and three-month subscriptions from 20 May as pressure builds across the video games industry over tariffs, currency swings, platform costs and weaker consumer spending. The company said the change was being made because of “ongoing market conditions”, with one-month subscriptions now starting at $10.99 in the United States, €9.99 in […]
Afreximbank’s partnership with Plot Enterprise Ghana is placing cocoa processing, rural employment and African creative exports at the centre of a wider push to keep more value from the continent’s resources within local economies. The collaboration, highlighted through the bank’s impact programming, links Ghana’s cocoa belt to global markets at a time when volatile cocoa prices, climate shocks and financing strains are reshaping one of West Africa’s […]
Washington announced a $1.776 billion compensation fund for people who claim they were unfairly investigated or prosecuted, opening a politically charged new phase in President Donald Trump’s campaign against what his administration calls government “weaponisation”. The Justice Department said the Anti-Weaponization Fund would be created as part of a deal resolving Trump’s $10 billion lawsuit against the Internal Revenue Service over the unauthorised leak of his tax […]
Greenlogue/AP Global building emissions rose again in 2024, underscoring how rapid urban expansion is outpacing efficiency gains and slowing the sector’s shift towards a net-zero pathway. Operational emissions from buildings increased 1 per cent to 9.9 gigatonnes of carbon dioxide last year, even as energy intensity improved across parts of the global building stock. The latest Global Status Report for Buildings and Construction 2025-2026, released on 19 […]
Dubai will mark Eid Al Adha with a 10-day programme of leisure, hotel, dining and family experiences from 22 to 31 May, positioning the holiday as a major citywide driver for tourism, hospitality and retail activity. The programme forms part of the Season of Wulfa, a Dubai calendar built around community, family bonds and shared cultural occasions. It also aligns with the UAE’s Year of the Family, […]
Elon Musk has lost a major legal battle against OpenAI after a federal jury in Oakland, California, found that he waited too long to bring claims accusing the artificial intelligence company and its leaders of abandoning its founding mission. The unanimous verdict delivered a significant courtroom victory to OpenAI, chief executive Sam Altman, president Greg Brockman, the OpenAI Foundation and Microsoft, all of whom were targeted in […]
AI Financial has warned that it may not remain viable over the next year after a steep fall in the value of its World Liberty Financial token holdings exposed the fragility of a balance sheet built around a volatile crypto treasury. The Nasdaq-listed company, formerly known as ALT5 Sigma, disclosed that it held 7,283,585,650 WLFI tokens at the end of its first quarter, carrying them at a […]
A fast-moving supply-chain attack has hit a broad set of npm packages linked to the @antv ecosystem, exposing developers and organisations to credential theft through malicious package versions tied to the maintainer account “atool”. The campaign, identified on May 19, 2026, appears to form part of the Mini Shai-Hulud malware wave, a self-spreading operation that has already affected other developer ecosystems through compromised open-source packages. The latest […]
HONG KONG SAR – Media OutReach Newswire – 19 May 2026 – Real Asset Management (RAM) has hosted an exclusive Active Investor Plus investor briefing at its Hong Kong office, bringing together distribution partners, investors and representatives from Invest New Zealand, as offshore investor interest in New Zealand’s residency-by-investment pathway continues to strengthen.
Agnes Liu, RAM Executive Director, Head of Client Advisory & Distribution – North Asia, and William Chai, RAM Managing Director.
The event comes amid renewed momentum for New Zealand’s Active Investor Plus (AIP) Visa, following changes introduced in April 2025 to simplify the program and attract more international capital into the New Zealand economy. As of 5 May 2026, Immigration New Zealand had received 688 applications under the new settings, representing a potential total minimum investment of $4.015 billion.
The growing demand reflects a broader shift in global wealth movement, as high-net-worth individuals increasingly seek jurisdictions that offer political stability, transparent governance, quality of life and long-term optionality for their families and capital. For many investors, New Zealand’s appeal lies not only in residency access, but also in the opportunity to participate in investments that support business growth, innovation and economic resilience.
Mr Scott Wehl, Founder of RAM Group and Director of RAM New Zealand, said the Hong Kong briefing provided an important forum for partners and investors to better understand the investment and migration opportunities available through the AIP programme.
“New Zealand continues to attract strong interest from global investors seeking stability, transparency and long-term opportunity,” said Mr Wehl.
“Our Hong Kong briefing was designed to help partners and investors better understand the opportunities that the AIP program offers, and how RAM’s income-focused strategies can support both investor objectives and the broader New Zealand economy.”
Supporting New Zealand’s real economy through private credit
A key focus of the briefing was the role private credit can play in supporting New Zealand’s real economy. Private credit can help broaden the country’s business funding ecosystem by providing an additional source of secured, non-bank capital for businesses seeking funding for growth, working capital, expansion or other productive business needs.
The RAM New Zealand Credit Fund is an approved managed fund under the AIP Growth category and may also be included as part of a Balanced category investment portfolio. The Fund is designed to provide investors with consistent income and capital stability through exposure to secured, asset-backed credit investments in New Zealand.
Through this strategy, RAM seeks to direct offshore investor capital into productive domestic investment while maintaining a disciplined focus on risk management, downside protection and portfolio diversification.
“The RAM New Zealand Credit Fund provides an AIP-aligned investment pathway focused on secured, asset-backed New Zealand credit,” said Mr Wehl.
“For investors, the Fund is designed to deliver regular income and capital stability, with liquidity aligned to AIP investment timeframes. For New Zealand, the strategy can support the real economy by directing offshore investor capital into domestic private credit and helping provide secured lending to New Zealand businesses.”
RAM’s credit approach is centred on disciplined credit selection and robust portfolio construction. The firm’s New Zealand credit capability is supported by a highly experienced team with more than 200 years of combined credit market experience, guided by leading credit experts and senior leaders with deep knowledge of New Zealand’s financial markets.
“Our approach is grounded in strong governance, prudent credit assessment and a clear focus on capital preservation, which is particularly important for investors seeking stable, income-focused outcomes across market cycles,” said Mr Wehl.
In addition to the RAM New Zealand Credit Fund, RAM also offers the RAM New Zealand Bond Fund, which may be included as part of a Balanced category investment portfolio. The Fund invests in a portfolio of floating-rate, investment-grade bonds issued by established banks and New Zealand entities, and is designed to prioritise capital stability while generating regular income.
With a long-term commitment to New Zealand, RAM will continue to leverage its international presence, investment capability and experience in income-focused strategies to support global investors and contribute to the continued development and diversification of New Zealand’s capital markets.
Hashtag: #RAM
The issuer is solely responsible for the content of this announcement.
About Real Asset Management
Real Asset Management (RAM) is an alternative asset manager, providing investment solutions in Credit, Real Estate, and Private Equity markets, for institutions and wealthy families globally. RAM was founded in 2010 and has a pan-Asia presence of 7 offices in Auckland, Sydney, Melbourne, Brisbane, Shanghai, Hong Kong and Manila.
RAM provides more than 25 investment strategies and has a team of over 230 finance professionals managing over NZ$9.8bn in assets. RAM is registered as a financial services provider in New Zealand (FSP1011247). We also provide a global set of investment solutions through our group companies licensed by the Australian Securities and Investments Commission (AFSL 484263), and the Securities & Futures Commission of Hong Kong (CE BGL803).
Cardano’s payments push is moving into Japan through a partnership linking EMURGO, SecondFi and Slash Vision Labs, in a move designed to bring stablecoin spending into one of Asia’s most sophisticated cashless markets. EMURGO, a co-founding entity of the Cardano blockchain, has tied its consumer finance strategy to Slash Vision Labs’ payments infrastructure to make the Cardano Card available to users in Japan through the SecondFi app. […]
OpenAI and Anthropic have pushed their rivalry deeper into corporate technology budgets by launching dedicated enterprise deployment ventures aimed at turning powerful AI models into production systems for businesses. The moves mark a shift from selling access to chatbots and application programming interfaces towards embedding engineers, consultants and workflow specialists inside companies that want AI to reshape operations rather than sit on the edge of office software. […]
Ukrainian state bodies are facing a sustained phishing campaign by the Russia-linked Gamaredon group, with attackers using weaponised WinRAR archives to deploy GammaDrop and GammaLoad malware in a multi-stage espionage operation aimed at government networks. The campaign, active since September 2025 and still evolving, has targeted Ukrainian state institutions through spoofed messages and compromised government email accounts. The emails are written in Ukrainian and designed to resemble […]
Authorities across the Middle East and North Africa have arrested 201 people in a coordinated cybercrime sweep that targeted phishing, malware and online financial fraud networks operating across 13 jurisdictions. Operation Ramz, coordinated by Interpol from October 2025 to 28 February 2026, also identified 382 further suspects and 3,867 victims, marking the first cyber operation of this scale led by the international police body across the MENA […]
BANGKOK, THAILAND – Media OutReach Newswire – 18 May 2026 – Sangfor Technologies successfully hosted the Sangfor Executive Forum 2026 in Bangkok, bringing together CIOs, IT leaders, and cybersecurity decision-makers to explore how organizations can modernise IT infrastructure, accelerate AI adoption, and reduce reliance on legacy virtualisation environments.
Held under the theme “Run · Build · Protect: Driving the Future with the Power of AI,” the forum showcased how enterprises across Asia Pacific are rethinking traditional infrastructure strategies and adopting integrated cloud platforms designed to simplify operations, strengthen security, and support long-term AI-driven growth.
A major focus throughout the event was the growing market demand for VMware alternatives following industry-wide changes to licensing and infrastructure costs. Sessions explored how organizations are seeking more flexible, cost-efficient virtualization platforms that can support both traditional enterprise workloads and future AI-driven operations. Discussions also highlighted SCMT (Sangfor Cloud Management Tool), designed to support seamless VMware migration to Sangfor Cloud.
During the forum, Sangfor showcased its integrated cloud infrastructure platform, combining compute, storage, networking, organization , and built-in cybersecurity into a unified architecture designed to reduce operational complexity and simplify migration from legacy virtualization environments.
The event also highlighted Sangfor’s AI-ready infrastructure capabilities, including support for virtual machines, containers, AI workloads, and integrated storage management through a single platform.
Keith Lee, Cloud Business Director, Sangfor Technologies, said: “Across the region, organizations are reassessing legacy virtualization strategies and looking for platforms that can provide greater flexibility, operational simplicity, and long-term scalability. Businesses today need infrastructure that combines cloud, security, AI readiness, operational efficiency and friendly licensing policies within a single platform. This is driving growing interest in next-generation VMware alternatives that can support both current enterprise requirements and future AI-driven growth.”
Lee added that Sangfor continues to expand investment across Southeast Asia, with Thailand identified as one of the company’s fastest-growing markets in the region.
The forum also featured discussions around infrastructure resilience, cloud-native applications, Zero Trust security strategies, and AI-powered operations, alongside customer case studies and live demonstrations showcasing enterprise transformation initiatives across both public and private sectors.
Sarayut Siragulthiraphong, Presales Consultant, Sangfor Thailand, added: “Successful AI adoption requires more than just AI applications themselves. Organizations also need infrastructure that is secure, scalable, and capable of supporting evolving workloads.”
Sangfor was joined by partners including Cohesity, Veeam, Sundray, IT Green, VR Comm, VST ECS, and TechHub, highlighting a collaborative ecosystem supporting enterprise transformation across Asia Pacific.
Sangfor will continue the Executive Forum series across key markets in the region, with upcoming events planned:
The issuer is solely responsible for the content of this announcement.
ABOUT SANGFOR TECHNOLOGIES
Sangfor Technologies is a global provider of cloud infrastructure and cybersecurity solutions, headquartered in Shenzhen (China). Founded in 2000, the company serves over 100,000 customers worldwide across 22+ countries and regions. Sangfor delivers AI-enabled cloud infrastructure that integrates compute, storage, network and built-in security into a unified platform, helping organizations simplify digital and AI transformation.
With a strong focus on innovation and customer success, Sangfor is also recognized as a proven VMware alternative, offering enterprise-grade solutions for infrastructure modernization, migration, and operational efficiency.
Paper Werewolf has expanded its campaign against Russian industrial, financial and transport organisations, using phishing emails, fake Adobe software updates and the EchoGather remote access trojan to deepen access inside targeted networks. The Russian-language threat cluster, also tracked as GOFFEE, was active in the March-April 2026 window with a toolset that shows a clear shift from conventional phishing toward layered intrusion chains. The latest campaign begins with […]
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