New capital positions the robotics and industrial automation group to expand hardware automation across KitchenBASE sites in Hong Kong, Singapore, Taiwan, Japan, Korea, and Australia
HONG KONG SAR – Media OutReach Newswire – 27 October 2026 – Six markets across Asia-Pacific stand to gain from a $1.7 billion investment into Atoms, the robotics and industrial automation group founded by Uber co-founder Travis Kalanick. Andreessen Horowitz (a16z) led the round, joined by Uber, Bain Capital, Fifth Wall, and other institutional investors. The result strengthens a group that includes KitchenBASE, a commercial kitchen network spanning six of the most active food markets in the region.
New Capital, New Capability
The a16z-led round also adds Ben Horowitz, co-founder of the firm, to the Atoms board. This positions the group to push harder into robotics across food, mining, and transport. Within Atoms Food, KitchenBASE sits alongside hardware projects such as automated bowl-builders and order conveyance robots built to cut labour friction inside commercial kitchens. Fresh capital gives these projects more room to develop, with knock-on gains for the KitchenBASE network across Hong Kong, Singapore, Taiwan, Japan, Korea, and Australia.
A Boost for Regional Operators
For operators across Asia-Pacific, the benefits are practical. KitchenBASE facilities come licensed and ready-to-fit, and this lets food businesses move in under flexible contracts without the capital outlay of a traditional lease.
Brands that want to test a single market or push into several at once find a foothold in high-demand delivery zones across all six markets. New investment from Atoms in hardware automation and physical workflow management is expected to further sharpen efficiency and reliability, giving KitchenBASE operators a faster path to scale.
Hashtag: #ATOMS
The issuer is solely responsible for the content of this announcement.
About Atoms
Atoms is an industrial automation and robotics company founded by Travis Kalanick. Atoms Food includes KitchenBASE alongside food-tech hardware projects. Autonomous haulage and machine systems sit under Atoms Mining. Robotic wheelbases and autonomous movement systems for heavy industry fall under Atoms Transport.
About KitchenBASE
KitchenBASE is the food infrastructure arm behind six brands trading across Asia-Pacific. Formally known as Freshlane in Hong Kong, Smart City Kitchens in Singapore, KitchenNow in Taiwan, KitchenBASE in Japan, Kitchen Valley in Korea, and Chef Collective in Australia. Each brand equips food businesses with licensed kitchen space built for speed to market, so operators can rely on a steady base to launch, test, and expand.
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China’s state-linked equity funds attracted their largest weekly inflows since the April 2025 trade-war sell-off, signalling intensified efforts to support a stock market battered by persistent selling.
Nine exchange-traded funds widely associated with the country’s so-called national team recorded combined net inflows of 128.7 billion yuan ($19 billion) during the week ending 23 October. The total was the highest since nearly 140 billion yuan entered the same closely watched group during the tariff-driven market turmoil 18 months earlier.
The surge followed a punishing decline in mainland shares that pushed the CSI 300 benchmark into bear-market territory, conventionally defined as a fall of at least 20% from a previous peak. Investors have been monitoring large purchases of index-tracking funds for indications that state-backed institutions are seeking to contain further losses.
The figures measure money entering funds favoured by official investors rather than confirmed purchases by government-controlled entities. No public announcement has established how much of last week’s inflows came directly from the state, making the scale of official intervention difficult to determine precisely.
Central Huijin Investment, a unit of sovereign wealth fund China Investment Corporation, is among the principal institutions associated with market stabilisation. Its investment activity has become an important signal for traders attempting to assess Beijing’s willingness to support share prices during periods of intense volatility.
The latest inflows were concentrated in exchange-traded products offering exposure to broad mainland equity benchmarks. Such vehicles enable institutions to acquire diversified holdings quickly, directing demand towards major listed companies without having to purchase individual shares separately.
Thursday’s trading illustrated the pressure facing authorities. The CSI 300 fell into a bear market as persistent selling overwhelmed earlier signs of institutional support. Funds favoured by state investors attracted approximately 46 billion yuan that day, highlighting the contrast between substantial new subscriptions and continuing weakness in underlying shares.
Friday brought a partial reversal. The CSI 300 finished 1.7% higher at 4,105.33 after falling by as much as 2% during the session. The recovery coincided with unusually active trading in several large index funds, although trading patterns alone cannot identify the buyers responsible.
One CSI 300 exchange-traded fund managed by E Fund Management registered turnover of about 19.5 billion yuan on Friday, its busiest session since October 2024. Heavy turnover can reflect purchases and sales by multiple participants and does not, by itself, establish the size of net state investment.
The rebound provided relief after a prolonged retreat that had already tested confidence in official market-support measures. The benchmark had endured a record sequence of weekly declines, leaving investors focused on whether additional institutional demand could interrupt the selling pressure.
Analysts at China Securities, including Yao Ziwei, had previously identified large subscriptions to leading broad-market funds and heavier activity towards the close of trading as characteristics consistent with institutional buying against the prevailing market trend. Their observations did not amount to confirmation of individual investors’ identities.
The scale of potential support has also attracted attention. Analysts including Rebecca Sin estimated that Central Huijin raised approximately $231 billion through exchange-traded fund sales during the first half of 2026 and redeployed about $43 billion after purchases resumed in July. Their calculations suggested considerable remaining capacity, although available resources do not guarantee further buying.
Those estimates underscore the distinction between market intervention and a sustained recovery. Purchases can provide immediate demand for shares, but their effect depends partly on whether other investors become willing to hold equities without continued institutional assistance.
The comparison with April 2025 is significant because that episode followed sweeping American tariff announcements that triggered sharp market losses. Authorities subsequently introduced measures intended to stabilise trading and confidence. Last week’s inflows approached the scale seen during that earlier emergency, despite the different circumstances surrounding the latest decline.
The nine-fund basket represents only part of China’s exchange-traded fund market. Subscription figures can vary depending on the funds selected, the valuation method and the period measured, while changes in units outstanding cannot establish the identity of the ultimate purchaser.
Mainland exchange-traded funds are listed securities whose prices fluctuate throughout the trading day. Their creation and redemption mechanisms allow authorised institutions to adjust the number of units outstanding as investor demand changes. These mechanisms can produce substantial changes in reported fund flows even when trading activity involves different categories of institutional and individual market participants.
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New report sets out a method the industry can use to put a financial value on climate resilience
The Westbund Central case study shows that its resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today
HONG KONG SAR – Media OutReach Newswire – 23 October 2026 – Hongkong Land Holdings Limited (“Hongkong Land”) today published Building Value That Lasts: Quantifying the Return on Climate Resilience in Real Estate. The report developed with Marsh puts a financial value on designing buildings for a changing climate. Its case study is Westbund Central, Hongkong Land’s mixed-use waterfront development of approximately 1.7 million sq. m. on Shanghai’s Huangpu River.
(From left to right) From left: Michael Long, Head of Group Sustainability, Hongkong Land; Stuart Grant, Chief Executive of Westbund Central, Hongkong Land; Swenja Surminski, Managing Director of Climate and Sustainability, Marsh; and Michael Li, Chairman and President, Marsh Risk China.
The report finds that the development’s resilience measures cut expected storm-surge losses by 84% and rainfall-flood losses by 88% under today’s conditions. Westbund Central’s resilience measures are expected to keep storm-surge and rainfall-flood losses in 2050 below the losses an unprotected building would face today.
Closing the resilience valuation gap
Climate risk now shapes how real estate is assessed, financed and insured. Almost every climate related disclosure acknowledges the need for adaptation, yet fewer than one in ten puts a number on it. Hongkong Land and Marsh set out to close that gap together by treating resilience as an investment with a measurable return, not a cost to be absorbed.
Resilience pays, and the reductions are large
Working with global leading insurance broker and risk advisor Marsh, Hongkong Land modelled the average annual loss (AAL) at Westbund Central from storm surge, rainfall flooding and wind. AAL is the expected yearly cost of physical damage. The modelling compared climate risks today and in 2050 for buildings with and without resilience measures beyond those required by building codes. It assumed a future in which global greenhouse-gas emissions remain high.
Without the development’s enhanced resilience measures, expected storm-surge losses would more than double and wind losses would more than triple by 2050. The measures reduce expected losses as follows:
storm-surge losses fall by 84%, both today and in 2050
rainfall-flood losses fall by 88% today and 79% in 2050
wind losses fall by 36% today and 31% in 2050
Built for the climate of 2050
Westbund Central was engineered for projected climate conditions in 2050, rather than historical conditions. These measures significantly reduce the impact of increasing climate risk:
Storm surge: with Westbund Central’s resilience measures in place, average annual losses in 2050 are projected at 0.12%, compared with 0.38% for a building without these measures today.
Rainfall flooding: with the resilience measures in place, average annual losses in 2050 are projected at 0.05%, compared with 0.19% for a building without these measures today.
Insurers are raising premiums, tightening terms and withdrawing cover from exposed locations. In that market, a lower and more stable loss profile matters.
Westbund Centrals resilience features include:
23% more drainage capacity, protecting against a 1-in-100-year rainfall event
Grade 1 waterproofed basements and the elevation of critical equipment
A “Sponge City” network of more than 12 features designed to capture and store stormwater, with capacity exceeding 2,000 m³
The figures are conservative. They count physical damage only and exclude extreme heat, the fastest-growing hazard at the site, which the development manages through design and operations.
Michael T. Smith, Group Chief Executive of Hongkong Land, said: “Climate change is a significant force reshaping real estate. At Westbund Central, climate resilience is core to all that we do because we believe resilience and commercial performance reinforce each other. This report shows the return on that investment can be measured today, with tools that already exist. The industry no longer has any excuse not to.”
Stuart Grant, Chief Executive of Westbund Central, said: “A premium destination is a seamless one. Much of the resilience work at Westbund Central is deliberately invisible to the tenants and visitors who use it every day. Its value shows in the disruption that never reaches them. Keeping the precinct open, comfortable and trading regardless of weather conditions is how resilience facilitates commercial performance.”
Michael Li, Chairman and President of Marsh Risk China, said: “Climate risk is now a balance-sheet risk. Westbund Central shows that adaptation pays back through lower loss exposure and stronger access to capital. As a risk orchestrator, Marsh matches protection needs to capital flows, helping clients quantify resilience and close the valuation gap.”
A method for the industry
The report is offered as a method others can apply, not just as an account of one development. It traces how climate risk can be assessed from site selection through to operations and linked to financial outcomes. It calls on the industry to:
quantify early, at site selection and design, when action is most cost-effective
bring insurers and lenders in from the start
build a shared standard so resilience can be benchmarked across assets, as carbon already is
For further details, please see the full report which is available for download [here].
Hashtag: #HongkongLand
The issuer is solely responsible for the content of this announcement.
Westbund Central
Hongkong Land’s Westbund Central is the Group’s largest-ever single investment. Scheduled to complete in phases up until 2028, it is an US$8 billion development encompassing approximately more than 1.7 million sq. m. of prime mixed-use property strategically located at Shanghai’s Xuhui Waterfront. It is a flagship development of Hongkong Land’s prime commercial properties’ CENTRAL Series. The ultra-premium integrated commercial property includes 240,000 sq. m of retail space, 650,000 sq. m. of premium Grade A offices, 160,000 sq. m. of high-end waterfront luxury residences, two hotels (55,000 sq. m.) and over 50,000 sq. m. of cultural and art venues.
Hongkong Land
Hongkong Land is a major listed property development, investment and management group. It focuses on developing, owning and managing premium and 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 ultra-premium mixed-use real estate footprint spans over 1.97 million sq. m. lettable area in operation and 1.43 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.
Marsh Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.
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BNP Paribas Asset Management is increasing its exposure to long-dated Japanese government bonds, attracted by elevated yields, a steep yield curve and strengthening evidence that domestic institutional investors are returning to the market.
The investment strategy comes as Japan’s government bond market shows signs of recovering demand after months of volatility driven by inflation, fiscal uncertainty and expectations of further monetary tightening by the Bank of Japan.
Ryutaro Kimura, senior bond strategist at BNP Paribas Asset Management, has identified improving demand from domestic investors, particularly life insurance companies, as an important development supporting longer-maturity government securities.
The strongest indication emerged at Japan’s 20-year government bond auction on Tuesday, when demand reached a record level. The bid-to-cover ratio climbed to 5.84, compared with 4.01 at the previous auction and a 12-month average of 3.73.
The exceptionally strong bidding reflected renewed appetite for securities offering higher returns than those available during Japan’s prolonged period of exceptionally low interest rates.
Kimura attributed the favourable auction outcome to recovering domestic demand, supported by elevated interest rates and easing concerns about the government’s fiscal position.
Japanese life insurers have increased their net purchases of super-long government bonds since June, providing additional evidence that institutions with long-term liabilities are rebuilding their holdings of domestic fixed-income assets.
The auction results also showed an improvement in pricing conditions. The difference between the average accepted price and the lowest accepted price narrowed to 0.07 from 0.15 at September’s sale, indicating stronger bidding competition.
The yield on 20-year government bonds subsequently declined by as much as six basis points to 3.710%, reflecting the immediate market response to the auction.
Japan’s yield curve remains unusually steep, offering investors considerably higher returns on securities with longer maturities. That difference has encouraged asset managers to reassess the balance between income opportunities and the risks associated with holding longer-duration bonds.
Official yield data showed the benchmark 10-year government bond yielding approximately 2.93% on October 20, compared with 3.99% for the 30-year maturity. The difference exceeded one percentage point, highlighting the additional compensation available to investors extending their investment horizons.
Longer-duration bonds also carry greater sensitivity to changes in interest rates. Their prices can fall sharply when yields rise, making portfolio positioning particularly important while monetary policy expectations remain unsettled.
Japan’s central bank is expected to remain a significant influence on market conditions. Investors are awaiting its next policy meeting for indications about the pace of further interest rate increases and the outlook for inflation.
The Bank of Japan’s policy rate stood at 1.25% in October, following successive adjustments intended to address persistent inflationary pressures. Further tightening could influence borrowing costs across the maturity spectrum, although movements in longer-term yields also depend on government borrowing requirements and investor demand.
BNP Paribas Wealth Management’s October fixed-income outlook anticipates additional monetary tightening by the Japanese central bank, with approximately quarterly increases and a terminal policy rate around 2.5% in 2028. That projection represents the institution’s assessment rather than an announced central bank policy path.
Government financing requirements remain another consideration for investors. Prime Minister Sanae Takaichi’s administration faces scrutiny over fiscal proposals and their implications for future bond issuance, particularly as higher yields increase the cost of financing public debt.
Nevertheless, improved auction demand suggests that higher interest rates are attracting buyers who previously found Japanese government securities insufficiently rewarding.
The potential return of domestic capital is particularly significant because Japanese banks and insurers have substantial overseas bond investments. Rising domestic yields can encourage these institutions to reconsider foreign allocations, especially where currency hedging reduces the returns available from overseas securities.
Japanese investors sold foreign bonds for a fifth consecutive week through October 17, with cumulative net disposals reaching approximately ¥3.43 trillion over that period. The withdrawals provide further evidence of changing investment preferences as domestic fixed-income yields become more competitive.
The Ministry of Finance has also adjusted issuance arrangements for longer-maturity securities, an important consideration for investors assessing the relationship between government bond supply and institutional demand.
Market participants will continue examining auction results alongside investment plans from major insurers to assess the composition of demand. Japan’s Ministry of Finance conducted another liquidity-enhancement auction on October 22, following its 20-year government bond sale earlier in the week.