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.
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 […]
Partners with MAGURO Group and The Coral Lounge to Enhance Travel, Dining and Lifestyle Experiences Beyond Hotel Stays
BANGKOK, THAILAND – Media OutReach Newswire – 3 November 2026 – ONYX Hospitality Group, a leading hospitality management company specialising in hotels, resorts, serviced apartments and luxury residences across Asia Pacific, continues its year-long 60th anniversary celebrations by expanding its network of strategic partners through ONYX Rewards. Spanning the travel, dining and lifestyle sectors, these collaborations build on more than six decades of hospitality expertise to deliver greater value to members beyond their hotel stays, while creating opportunities for long-term growth and shared value with business partners.
As part of this ongoing expansion, ONYX Hospitality Group has partnered with two organisations: MAGURO Group, a premium Japanese restaurant operator, and The Coral Lounge, a premium airport lounge provider. These partnerships enhance the ONYX Rewards experience through exclusive benefits and experiences covering every stage of the customer journey, from travel and hotel stays to everyday life.
The collaborations reflect the continued evolution of ONYX Rewards from a hotel guest benefits programme into a platform connecting members with a broader range of travel, dining and lifestyle experiences under the concept “Every Stay Becomes More”. Through joint marketing initiatives across ONYX Hospitality Group’s and its partners’ channels, the partnerships also aim to reach new customer segments, connect customer bases across brands, strengthen long-term member engagement and support mutual business growth. ONYX Rewards currently has more than 1.8 million members and a network of over 14 key partners.
Pornthip Paothong, Vice President, Marketing, ONYX Hospitality Group, said: “As ONYX Hospitality Group celebrates its 60th anniversary throughout 2026, we are not only reflecting on the achievements and experience gained over the past six decades, but are also building on our strong foundations to create new opportunities for the future. ONYX Rewards plays a key role in extending our relationships with customers beyond their hotel stays. This strategy is not simply about offering more benefits or discounts, but about developing meaningful collaborations with like-minded partners that bring together the strengths of each business to enhance customer experiences and create shared business value.
“Our partnerships with MAGURO Group and The Coral Lounge represent another step in making ONYX Rewards an integral part of our members’ lifestyles and travel journeys, offering access to a wider range of experiences. At the same time, these collaborations create opportunities for ONYX Hospitality Group and our partners to reach new customer segments, strengthen brand engagement and build lasting relationships under the concept ‘Every Stay Becomes More’.”
Extending the ONYX Rewards Experience into Dining with MAGURO Group
The partnership with MAGURO Group, which operates premium Japanese dining brands including MAGURO, MAGURO KAPPOU and HITORI SHABU, reflects a shared commitment to quality, attention to detail and the delivery of meaningful customer experiences.
MAGURO Group places particular emphasis on sourcing high-quality ingredients from Japan and trusted suppliers, complemented by attentive service designed to exceed customer expectations. This philosophy aligns closely with ONYX Hospitality Group’s approach to hospitality, which focuses on creating memorable experiences through a deep understanding of guests’ needs and thoughtful attention to detail.
While operating in different sectors, both organisations share a commitment to delivering meaningful customer experiences. The partnership extends the ONYX Rewards experience beyond hotel stays into dining and everyday lifestyle activities. It also creates opportunities to connect the customer bases of ONYX Rewards and MAGURO Group’s Give More+ Club, encouraging greater member engagement and strengthening long-term relationships between the two brands.
Enhancing the Travel Experience with The Coral Lounge
In the travel sector, ONYX Hospitality Group has partnered with The Coral Lounge, a premium airport lounge provider, to extend ONYX Rewards benefits to the pre-departure travel experience.
ONYX Rewards members will enjoy exclusive privileges at seven departure lounges operated by The Coral Lounge located at Suvarnabhumi, Don Mueang, Phuket, Chiang Mai, Chiang Rai, Udon Thani and Hat Yai airports. These lounges offer services and facilities designed to provide greater comfort and convenience throughout the travel experience.
The partnership reflects ONYX Hospitality Group’s approach to creating a more seamless customer journey, from pre-departure experiences and hotel stays to the return journey. By extending its commitment to guest care beyond the hotel environment, ONYX aims to deliver meaningful experiences at more touchpoints throughout members’ journeys.
The collaboration also provides The Coral Lounge with opportunities to connect with ONYX Rewards’ extensive membership base, particularly customers with an interest in travel and tourism. Through joint marketing initiatives, both organisations aim to strengthen brand awareness, broaden customer engagement and contribute to the continued development of ONYX Rewards as a strategic partnership network that creates shared value.
Building a Stronger Lifestyle Ecosystem through ONYX Rewards
Benefits under the partnerships with MAGURO Group and The Coral Lounge have been available to ONYX Rewards members since 15 October 2026. These collaborations mark another step in connecting members with a wider range of travel and lifestyle experiences, responding to the evolving needs of customers seeking greater value from travel and everyday life.
As ONYX Hospitality Group marks its 60th anniversary, the company remains committed to building on its six decades of hospitality expertise to create meaningful experiences that meet increasingly diverse customer needs. Beyond delivering memorable hotel stays, ONYX continues to expand opportunities for customers to engage with its brands through experiences that extend beyond the hotel environment.
This commitment reflects the concept “Every Stay Becomes More” and the ambition to create “More Reasons to Return”, ensuring that every experience strengthens the lasting connection between customers and ONYX Hospitality Group’s brands.
Hashtag: #ONYXHospitalityGroup
The issuer is solely responsible for the content of this announcement.
About ONYX Hospitality Group
ONYX Hospitality Group, a reputable force in the Asia-Pacific hospitality industry, operates a portfolio of distinct yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers across the region where it has deep expertise. In addition to its brand portfolio, ONYX Hospitality Group also offers additional hospitality services in spa and food and beverage. With six decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and maintaining operational flexibility. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.
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 […]
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By Nantoo Banerjee At a time when most big business families across the world are fighting the ‘third-generation curse’ to stay afloat, a few Indian big business houses have survived past the third generation by relying on specific longevity drivers, including early focus on preparing heirs, formal governance, and regularly sharing the foundational history, struggles, […]
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 […]
Kyrgyzstan and Uzbekistan are among Asia’s fastest-growing economies in 2026, with International Monetary Fund projections placing their expansion well above the regional average despite persistent inflation and mounting external risks. The IMF’s October World Economic Outlook database projects growth of 9.0% for Kyrgyzstan and 7.8% for Uzbekistan this year. The figures are forecasts rather than confirmed annual results, and reflect economic conditions and policy assumptions incorporated into […]
The 2026 REACH Reggio Emilia Conference will position Singapore as a regional hub for early childhood excellence, bringing together global thinking, regional best practice and leaders from across the education ecosystem.
SINGAPORE – Media OutReach Newswire – 2 November 2026 – EtonHouse and E-Bridge will deepen their ongoing collaboration with Reggio Children through a new partnership focused on professional learning in infant care and early childhood education. The partnership will deepen this work through regular professional dialogue, research projects and professional learning, connected with Reggio Children and the experience of the infant-toddler centres and pre-schools of Reggio Emilia.
REACH Reggio Emilia Conference 2026 under the theme Education in Complex Times.
The partnership marks an important milestone at the 2026 REACH Reggio Emilia Conference, which opened in Singapore on 30 October 2026. As artificial intelligence transforms how children learn, create and interact with the world, educators are confronting a fundamental question: What kind of future are we preparing children for?
Over two days, from 30 to 31 October, the conference brings together more than 400 educators, school leaders, policymakers, regulators and researchers from Singapore, China, Hong Kong, Malaysia, Indonesia, India, Australia, the wider ASEAN region, South America, the Middle East and Italy.
Senior Minister of State Goh Pei Ming, Ministry of Home Affairs and Ministry of Social and Family Development, attended as the Guest-of-Honour and addressed delegates at the conference.
Singapore participants include representatives from the country’s Anchor Operators, the Early Childhood Development Agency, the Ministry of Social and Family Development and the Ministry of Education, alongside educators, trainers and leaders from across the sector.
Organised by REACH (Reggio Emilia in Asia for Children), part of the EtonHouse Group, in partnership with Reggio Children, which works closely with the municipal infant-toddler centres and pre-schools of Reggio Emilia, Italy, and supported by the Embassy of Italy in Singapore, the conference explores how education can respond to rapid technological change while protecting the deeply human foundations of learning.
Held under the theme “Education in Complex Times: Children, Democratic Cultures and the Role of Childhood in Shaping the Future,” the conference examines how education can nurture the qualities children need to navigate uncertainty: curiosity, creativity, critical thinking, collaboration, agency and the ability to participate meaningfully in their communities.
By connecting international perspectives with regional experience and Singapore’s early childhood leadership, the conference aims to strengthen Singapore’s position as a hub for early childhood excellence, professional exchange, best practice and global educational thinking.
The conference follows renewed international attention on the Reggio Emilia Approach after Her Royal Highness The Princess of Wales visited Reggio Emilia in May 2026 as part of her longstanding work in early childhood development. Her reflections on the importance of nature, creativity and human connection brought to the forefront the significance of an educational philosophy that places children’s rights, relationships and potential at the centre of learning, principles that are especially relevant in today’s complex and rapidly changing world.
Key Conference Initiatives
The conference creates opportunities for participants to engage with:
Global pedagogical thinking, led by educators from Reggio Children and informed by the educational experience of Reggio Emilia.
Regional best-practice exchange, with educators from Singapore and across the region presenting enquiries grounded in their own cultural and educational contexts.
Immersive professional learning, including atelier experiences and school visits, connecting educational philosophy with everyday practice.
Keynote speakers Annalisa Rainieri and Valentina Violi invite delegates to consider how educational environments and pedagogy nurture a childhood that every child deserves. Project-sharing sessions further demonstrate how principles inspired by the Reggio Emilia Approach can be interpreted thoughtfully across different cultures and education systems.
His Excellency Dante Brandi, Ambassador of Italy to Singapore, said:
“Reggio Emilia has given the world far more than a pedagogy—it has given us a way of trusting children as capable, curious protagonists of their own learning. As artificial intelligence reshapes how the youngest generations engage with knowledge, this Italian approach to early childhood education becomes an even more valuable compass. The Embassy of Italy is proud to support a conference that brings this heritage into dialogue with Singapore and the wider region.”
Speaking at the conference, Ms Bipasha Minocha, Chief Executive Officer of REACH, said: “Alongside our ongoing professional learning, we will be embarking on shared research projects with Reggio Children, involving educators from both EtonHouse and E-Bridge.”
She added: “For me, democratic culture lives in the daily choices of a school. Who is listened to? Can an idea change direction because a child has contributed something none of us expected?”
The conference builds on REACH’s longstanding partnership with Reggio Children and follows the Mosaic of Marks, Words, Material exhibition and conference held in Singapore in 2024, further strengthening the city’s role as a centre for educational dialogue and professional learning.
Attachments:
Full speech by Senior Minister of State Goh Pei Ming (below release).
Conference Details: Education in Complex Times: Children, Democratic Cultures and the Role of Childhood in Shaping the Future
Dates: 30–31 October 2026 Venue: METT Singapore, 11 Canning Walk, Singapore 178881 Guest of Honour: Senior Minister of State Goh Pei Ming, Ministry of Home Affairs and Ministry of Social and Family Development Languages: English, Italian and Mandarin Conference information: https://info.reach.edu.sg/2026-reach-conference Hashtag: #REACH #ReggioEmilia #EarlyChildhoodEducation
The issuer is solely responsible for the content of this announcement.
About REACH-Reggio Emilia in Asia for Children
Founded in 2013 by EtonHouse International Education Group, REACH is a proud member of the Reggio Children International Network and represents Reggio Children in Singapore and China. REACH is committed to innovation, collaboration, and dialogue among educators across Asia while protecting and advocating the Reggio Emilia Approach to Education. Through international conferences, professional development programmes, publications, webinars, study groups etc, REACH advocates for children’s rights and potential, celebrating their ‘100 languages’ of expression.
As a beacon of the Reggio Emilia philosophy in Asia, REACH is committed to transformative education practices that value lifelong learning, reflective practice, and contextual change. It invites educators to join in its journey of growth, innovation, and advocacy for children’s rights in early childhood education.
Founded in 1995 in Singapore, EtonHouse has grown into a global education group with more than 100 schools across eight countries. The Group offers a highly recognised international education pathway from infant care to high school, including the International Baccalaureate, Cambridge, and the Reggio Emilia-inspired approach, all designed to nurture inquiry, creativity, and intercultural understanding. In Singapore, EtonHouse also operates E-Bridge Pre-School, providing high-quality and affordable early childhood education to support local communities. Beyond schools, EtonHouse is deeply committed to community impact through teacher training, philanthropy, and purpose-driven educational initiatives.
The Embassy of Italy in Singapore represents Italy in Singapore and Brunei and supports relations across government, business, culture, education, science and innovation. It promotes Italian excellence while facilitating dialogue and collaboration between Italian and Singaporean institutions, companies and communities.
Italy and Singapore enjoy longstanding diplomatic relations, established shortly after Singapore’s independence in 1965. The Embassy continues to support exchanges that strengthen mutual understanding and deepen cooperation between the two countries.
About Reggio Children
Reggio Children – International Center for the Defence and Promotion of the Rights and Potential of All Children – starting from 1994, promotes and disseminates through professional development initiatives, research projects, consulting work in the educational field, ateliers, exhibitions and publishing the pedagogical and cultural heritage of Reggio Emilia’s Municipal Infant-Toddler Centres and Preschools, known in Italy and throughout the world as the Reggio Emilia Approach®.
The Reggio Children International Network was established in 2006 and is made up of references in the countries which have collaborated longest and in stable ways with Reggio Children on the realisation of initiatives and activities.
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Amari Pattaya, OZO North Pattaya and Amari Bangsaen recognised for integrating responsible operations, local engagement and measurable sustainability outcomes
BANGKOK, THAILAND – Media OutReach Newswire – 1 November 2026 – ONYX Hospitality Group, a leading hospitality management company in the Asia-Pacific region specialising in hotels, resorts, serviced apartments and luxury residences, has received three awards at the Ultimate Thailand Green Tourism Showcase 2026, organised by Thailand’s Department of Tourism as part of the Chonburi Smart Green Tourism initiative.
Amari Pattaya and OZO North Pattaya were recognised in the Creativity & Innovation category, while Amari Bangsaen received the Unique WOW Experience award.
The three awards demonstrate how ONYX Hospitality Group is translating sustainability into practical, locally relevant action across its properties in Chonburi. Together, they reflect a holistic approach to sustainability management, covering energy and water efficiency, waste management, carbon reduction, community and stakeholder engagement, recognised environmental standards and measurable results.
These achievements bring ONYX for Planet to life at property level. ONYX for Planet is the Group’s sustainability framework, integrating environmental, social and governance (ESG) principles across its business operations and hotel management.
Guided by its Sustainably Crafted Hospitality philosophy, ONYX treats sustainability not as a separate programme, but as part of how it operates, makes decisions, manages resources and creates experiences. This approach includes responsible resource management and procurement, support for local communities and producers, talent development, and guest experiences that connect travellers more meaningfully with the destinations they visit.
Sukamal Mondal, VP – Operations and Sustainability & Community Engagement at ONYX Hospitality Group, said:
“For ONYX Hospitality Group, sustainability creates real value when our principles are translated into meaningful, locally relevant action. Every hotel operates within its own community and environment, so our approach must respond to that context while remaining aligned with ONYX for Planet.
“These awards recognise the work our teams are doing to make responsible practices part of everyday operations and guest experiences. As our approach matures, we are moving beyond individual initiatives to demonstrate impact: what has changed, what value has been created and, wherever possible, how progress can be measured. This is how we strengthen transparency and accountability as we grow.”
Beyond these property-level initiatives, ONYX Hospitality (Thailand) Co., Ltd. has achieved GSTC Hotel Multi-site Certification, demonstrating its alignment with internationally recognised standards for sustainable tourism. The certification was issued by Control Union Singapore Pte. Ltd., a GSTC-accredited Certification Body.
ONYX Hospitality Group has also partnered with CarbonWize to develop its ESG data management system and greenhouse gas emissions monitoring framework, strengthening the Group’s focus on measurement, transparency and accountability.
Through its partnership with SP Group, ONYX is exploring energy efficiency and renewable energy solutions across suitable properties in Thailand. At Amari Don Muang Airport Bangkok Hotel, SP Group’s Cooling-as-a-Service solution has been operational since April 2026 and is expected to reduce energy consumption by more than 40%, save approximately 900,000 kWh of electricity and reduce carbon emissions by around 449 tonnes annually.
Together, the awards and Group-level initiatives demonstrate how ONYX for Planet connects locally relevant action with recognised standards, stronger measurement and operational outcomes. As ONYX Hospitality Group expands across the Asia-Pacific region, this integrated approach will remain part of its long-term business strategy, supporting responsible growth and meaningful value for guests, people, communities and destinations.
The issuer is solely responsible for the content of this announcement.
About ONYX Hospitality Group:
ONYX Hospitality Group, a reputable force in the Asia-Pacific hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers across the region where it has deep expertise. In addition to its brand portfolio, ONYX Hospitality Group also operates additional hospitality services across spa and food & beverage. With six decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.
Britain has defended public backing for Rolls-Royce’s return to the narrowbody aircraft engine market, arguing that international competition and the need to protect aerospace employment justify government involvement despite the manufacturer’s strong profits. Industry Minister Blair McDougall said on Friday that governments had traditionally shared the risks associated with developing aircraft engines. His comments followed an agreement between Rolls-Royce and the government on a proposed £2.5 billion […]
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Oil prices finished October with a fourth consecutive monthly gain as an attack on a tanker in the Strait of Hormuz and renewed threats to Saudi energy infrastructure heightened fears of further disruption to Middle East supplies. Brent crude futures for December settled on Friday at $117.64 a barrel, up 2.4 per cent, while US West Texas Intermediate crude closed at $104.12, gaining 2.08 per cent. Brent […]
HONG KONG SAR – Media OutReach Newswire – 30 October 2026 – International Business Settlement Holdings Limited (“IBS” or the “Company”, together with its subsidiaries, the “Group”; stock code: 0147.HK) entered into a Share Purchase Agreement with the shareholder of QuantumCompute Solutions Limited (“QuantumCompute Solutions”) to acquire its entire equity interests for a consideration of HK$563 million. Upon Completion, QuantumCompute Solutions will become a wholly-owned subsidiary of IBS, and its financial results will be consolidated into the Group’s financial statements.
QuantumCompute Solutions indirectly owns approximately 85.94% equity interest in Shanghai Tianjing Fulian. Shanghai Tiangjing Fulian is also 5.56%-owned by Foxconn Industrial Internet, the shares of which are listed on the Shanghai Stock Exchange (stock code: 601138.SH). The Shanghai Tianjing Fulian Group is principally engaged in the design and development of AI SoC products and integrated solutions, with a particular focus on low-power, cost-effective AI computing and edge computing applications. Through its chip design capabilities and comprehensive technology solutions, the Shanghai Tianjing Fulian Group has established a solid technological foundation in AI inference and edge-side computing infrastructure. The Shanghai Tianjing Fulian Group is an officially authorised independent chip design house for MediaTek Inc., a leading global semiconductor company.
The Directors believe that the Acquisition will enable the Group to expand its business scope from its existing fintech and computing power services into AI chip design and edge computing infrastructure, thereby strengthening its technology capabilities and building a comprehensive ecosystem encompassing computer infrastructure, AI chips and AI application solutions. This strategic expansion aligns with strong growth in the AI semiconductor, edge computing, and digital infrastructure sectors, driven by rising demand for low-latency, real-time AI solutions as well as supportive government policies promoting semiconductor innovation and digital infrastructure investment.
The Group has appointed Dr. Tang Tianshen as its chief strategic consultant to advise on the the strategic development and operations of the Group’s fintech-related businesses. Dr. Tang holds a doctorate in electronic engineering from Texas A&M University and possesses extensive expertise spanning academic research, advanced chip design, and executive leadership in the semiconductor industry. Dr. Tang has served in senior roles of various leading technology companies, including Intel, Shanghai Hua Hong and SMIC.
The Board considers that the transaction represents an opportunity to acquire immediate access to AI chip design capabilities, specialised technical talent, established technology assets, and growth opportunities in the AI industry. Compared with developing such capabilities internally, the Acquisition is expected to accelerate the Group’s entry into the AI semiconductor and edge computing sectors, shorten development time, and strengthen its competitive position in the evolving digital economy. In the long term, the Acquisition is expected to support the establishment of an ecosystem covering computing infrastructure, AI chips, and AI application solutions, creating sustainable growth drivers and delivering long-term value to shareholders.
Hashtag: #IBS
The issuer is solely responsible for the content of this announcement.
The capital will be deployed in stages across three new business lines, beginning in Brazil.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 30 October 2026 – 10 CENTS CAPITAL SDN. BHD. (“10 CENTS CAPITAL”) has completed US$20 million in financing. With the capital, the well-known Malaysian investment holding company is adding three business lines of its own to its investment activities and will deploy the funds in phases, starting in Brazil.
John Lee, Head of International Markets, 10 CENTS CAPITAL.
How the capital will be deployed The three new lines are AI business applications, global multilingual marketing and cross-border B2B trade. Part of the capital will build the technology and service base, including AI tools for customer research, marketing content and localisation, and the service model the business will run on. Another part will support cross-border B2B operations: research, information management and enquiry handling.
The remainder is set aside for market development, beginning with market entry in Brazil, the plan’s first market. Local operations there will be handled by its Brazil operating brand, VIVAMOMENTO.
Strategic rationale Since 2022, 10 CENTS CAPITAL has backed companies across digital technology, e-commerce, consumer services and enterprise services. The three new lines extend that experience into businesses the company builds and runs itself, in areas it already knows well. Funding technology, service and market development together gives each line a complete foundation from the outset, instead of one assembled piece by piece.
“Completing this financing opens a new chapter for our company,” said 10 CENTS CAPITAL Director Peter LIEW. “We will deploy the capital with discipline, one stage at a time, so that each new business stands on a base strong enough to carry the next.”
Outlook Deployment will proceed in phases, starting in Brazil, with further markets to follow as the new business develops. 10 CENTS CAPITAL will report progress at tencentscapital.com/news, and business and media enquiries are welcome via the contact page.
Hashtag: #10CENTSCAPITAL
The issuer is solely responsible for the content of this announcement.
About 10 CENTS CAPITAL
10 CENTS CAPITAL SDN. BHD. (Registration No. 202201025952 (1471649-V)) is a well-known Malaysian investment holding company incorporated on 18 July 2022. Focused on business growth and long-term value, it works with companies through capital investment, strategic support and resource connections across four areas: digital technology, e-commerce, consumer services and enterprise services. Company news: tencentscapital.com/news.
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Kerala faces the prospect of renewed power restrictions from November 1 as its temporary electricity supply arrangement with Himachal Pradesh expires on October 31, with the state government yet to approve a replacement agreement. The Kerala State Electricity Board (KSEB) is seeking urgent clearance to continue purcha…
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Led by Blockchain Capital, the funding will accelerate the expansion of PhotonPay’s stablecoin-centric Financial OS, connecting stablecoin liquidity with global fiat networks to unlock digital assets for everyday corporate operations and cross-border settlement.
HONG KONG SAR – Media OutReach Newswire – 29 October 2026 – PhotonPay today announced the closing of a $40 million Series C funding round led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from existing investors IDG Capital, GL Ventures, and Lightspeed Faction. Blacksheep Technology acted as exclusive financial advisor to PhotonPay on the transaction.
The new capital will support the expansion of PhotonPay’s stablecoin-centric Financial Operating System (Financial OS), with investment focused on enhancing multi-asset wallet capabilities, expanding global card issuing, strengthening local clearing infrastructure in key markets, and developing an agent-ready financial execution layer.
As of August 2026, PhotonPay’s annualized transaction volume reached US$65 billion. The company has secured 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia, and serves over 200,000 business customers across more than 200 countries and territories.
As stablecoins move beyond crypto-native use cases into corporate treasury, settlement and commercial spending, PhotonPay sees the next phase of global finance not as a choice between stablecoins and fiat currencies, but as the convergence of both. Its Financial OS connects on-chain liquidity with the banking, clearing and card networks businesses rely on for everyday operations.
“Moving money across borders in seconds means little if it still takes days to put that capital to work,” said Lewison Chen, Founder and CEO of PhotonPay. “Stablecoins are accelerating global money movement, while local clearing and global card issuing connect that liquidity to local settlement and everyday business spending. Our Financial OS brings these capabilities together, making the underlying infrastructure far less visible to businesses, even as it becomes more essential than ever.”
“At the same time, business software is becoming increasingly autonomous,” Chen added. “AI is shifting financial workflows from people manually operating fragmented tools toward systems that understand business intent and coordinate execution across assets, accounts and financial rails. That creates the foundation for agentic commerce. Stablecoins change how money moves. AI changes how it gets put to work. But commerce is still what money is for.”
Moving Money Across Assets and Markets
PhotonPay’s Financial OS brings together multi-asset wallets, global money movement, foreign exchange, local clearing, and global card issuing through an integrated API-first architecture. This unified system gives businesses access to the financial capabilities they need to manage and deploy funds across markets.
Stablecoins sit at the core of this architecture. PhotonPay’s multi-asset wallet connects stablecoin liquidity with fiat balances, integrating asset conversion, foreign exchange, and local clearing into a single connected workflow. This enables businesses to move funds across supported on-chain and traditional financial networks, turning digital asset liquidity into purchasing power for local payments and everyday corporate spending.
Supporting this dual-rail infrastructure is PhotonPay’s established global financial network. Businesses can open local collection accounts in 17 key markets and receive funds in more than 60 currencies. On the payout side, the network supports over 100 payment routes across local clearing systems, bank transfers, and digital wallets, including payouts to 74 major local e-wallets. Approximately 97% of payout transactions reach recipients within hours or on the same day, with 68% arriving in real time.
Global card issuing extends these capabilities into programmable business spending. Through PhotonPay’s APIs, businesses and platforms can issue virtual and physical cards, configure granular spending controls, and embed card payments directly into their software and automated workflows. Over the past 12 months, PhotonPay issued 4.4 million cards, up 275% YoY.
Beyond its first-party payment solutions, PhotonPay makes its infrastructure available through embedded finance, enabling technology platforms to natively integrate global accounts, payments, and card issuing into their own products. The company now serves more than 100 enterprise and platform partners, extending the reach of its Financial OS into industry-specific workflows.
From Financial Intent to Agentic Commerce
As AI agents assume active operational roles, financial infrastructure must evolve beyond API access to enable programmable, policy-governed execution. It requires systems capable of translating high-level instructions into coordinated financial actions, with deterministic controls governing how those actions are executed.
In May 2026, PhotonPay and Mastercard completed a live agentic payment demonstration using a tokenized PhotonPay card, validating AI-initiated transactions across existing global card networks.
Building on this milestone, PhotonPay is developing standardized financial interfaces designed for developers and AI agents. With planned support for the Model Context Protocol (MCP), PhotonPay aims to make account information, balances, card functions, and payments accessible as composable financial primitives, allowing AI agents to securely retrieve context and initiate financial workflows within defined authorization boundaries.
To govern this agent-ready layer, PhotonPay is developing a policy-based execution framework designed to enforce programmable authorization rules, spending limits, and transaction-level controls. The framework is intended to enable AI agents to coordinate financial tasks across supported accounts and assets, while ensuring that execution remains subject to explicit, enforceable policies set by businesses.
PhotonPay is also advancing its AI-assisted risk review capabilities, designed to identify complex cases for human assessment. Together, these initiatives reflect a foundational principle of autonomous finance: AI may interpret intent and coordinate tasks, but financial execution must remain governed by verifiable authorization, deterministic controls, and auditable records.
“Connecting financial networks is only the beginning. The real breakthrough is abstracting that complexity behind a unified, programmable financial layer, so businesses and AI agents can move from intent to execution within clearly defined boundaries,” said Chen.
Simple on the Surface, Deep by Design
The promise of a Financial OS is simplicity: enabling businesses to manage assets, route money, and execute payments through a unified financial operating layer. Yet delivering that simplicity requires deep financial infrastructure beneath the surface.
While stablecoins accelerate borderless value transfer, turning that liquidity into local settlement, supplier payments, and corporate spending still depends on established banking relationships, domestic clearing rails, foreign exchange infrastructure, and global card networks. Each market brings its own regulatory and operational requirements.
For PhotonPay, building a Financial OS means abstracting these fragmented global networks into a programmable, interconnected financial system. The objective is not to eliminate financial complexity, but to manage it within the underlying infrastructure, so businesses can operate without having to navigate these systems themselves.
“AI can simplify how businesses interact with financial services, but it cannot replace the infrastructure required to deliver them,” said JP Pi, Chief Compliance Officer at PhotonPay. “Establishing local financial capabilities takes years of investment, institutional partnerships, and regulatory engagement. Software or AI models alone cannot replicate that depth. The simplicity businesses experience is the result of that heavy lifting, not a substitute for it.”
PhotonPay has engineered a financial foundation spanning both stablecoin and fiat rails, connecting multi-asset conversion with local clearing networks. Institutional partnerships with J.P. Morgan, Standard Chartered, and DBS, alongside connections to domestic payment systems such as Brazil’s Pix and Mexico’s SPEI, form the backbone of this network.
The new capital will enable PhotonPay to strengthen its local clearing and compliance infrastructure in existing markets while expanding into new jurisdictions, scaling the reach of its Financial OS across corporate spending, embedded finance, and agentic commerce.
“Businesses want one provider that can handle their payments across currencies and markets, whether they’re using bank transfers, stablecoins or cards. Lewison and his team have spent a decade building the banking relationships, licenses and local payment infrastructure to deliver that. We believe PhotonPay’s ability to bring these capabilities together gives it a strong advantage as businesses adopt stablecoins for everyday payments.” – BCAP，Yuanhan Li，Partner
“As stablecoins become increasingly integrated into global payment systems, bridging digital assets with traditional financial infrastructure will be essential to unlocking their real-world potential. PhotonPay’s established global payment network and its vision for a stablecoin-centric Financial OS align closely with SBI Group’s strategy to advance digital financial infrastructure and expand the practical adoption of digital assets. We look forward to supporting PhotonPay’s continued growth and exploring opportunities for strategic collaboration across the SBI Group ecosystem.” – Eiichiro So, CEO & Managing Director of SBI Ven Capital
The issuer is solely responsible for the content of this announcement.
About PhotonPay
Founded in Hong Kong in 2015, PhotonPay is a global fintech company building a next-generation, stablecoin-centric Financial Operating System (Financial OS). Its API-first architecture brings together multi-asset wallets supporting stablecoins and fiat currencies, global money movement, foreign exchange, global card issuing, embedded finance, and local clearing infrastructure, connecting digital and traditional financial rails within an integrated financial system.
PhotonPay operates 16 offices worldwide, employs nearly 600 people, and holds 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia. The company serves businesses across more than 200 countries and territories.
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