GitHub has confirmed unauthorised access to about 3,800 internal repositories after an employee device was compromised through a poisoned Visual Studio Code extension, raising fresh concerns over the security of developer tools and software supply chains. The Microsoft-owned platform said it detected and contained the compromise on May 19, removed the malicious extension version, isolated the affected endpoint and began incident response measures. Its assessment so far […]
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.
SINGAPORE – Media OutReach Newswire – 20 May 2026 – DigiFT, a regulated digital asset exchange for institutional-grade real-world assets, and Franklin Templeton, a global investment leader with USD 1.74 trillion in assets under management, today announced a long-term strategic partnership to make the Benji Technology Platform and its related tokenization products available to accredited and institutional investors through DigiFT’s platform. DigiFT holds Capital Markets Services and Recognised Market Operator licences from the Monetary Authority of Singapore (MAS) — a regulatory standing that makes DigiFT specifically authorised to distribute regulated securities tokens to institutional investors in Singapore.
(Left) Henry Zhang, Founder and Group CEO at DigiFT and (Right) Chetan Karkhanis, SVP Digital Asset Partnership Development at Franklin Templeton
The collaboration is grounded in a shared early commitment to institutional tokenization. Franklin Templeton launched the first U.S.-registered mutual fund to use a public blockchain to process transactions and record share ownership in 2021. DigiFT has built one of Asia’s most comprehensively regulated platforms for institutional tokenized asset distribution — holding licences in both Singapore and Hong Kong, including Type 1 and Type 4 licences from the Securities and Futures Commission of Hong Kong. This partnership brings those two track records together: DigiFT will serve as a key distributor across Asia, with both organisations committed to expanding the scope of their work together over time.
The partnership arrives at a decisive moment. In 2025, tokenized real-world assets distributed on public blockchains grew from approximately USD 5.5 billion to USD 18.6 billion, with tokenized U.S. government securities emerging as the leading institutional category. This growth underscores a structural inefficiency in digital markets, where institutional capital is frequently held in non‑yielding stablecoins or on‑exchange balances, while traditional fund infrastructure remains constrained by defined settlement cycles. The Benji Technology Platform and its related tokenization products are designed to address this gap by supporting the tokenization of U.S. government securities strategies that accrue yield continuously, including intraday accrual, through Franklin Templeton’s patent‑pending Intraday Yield mechanism. It also supports 24/7 transferability between permissioned wallets and near‑instant on‑chain settlement, enabling a range of potential institutional treasury management, payment and settlement use cases, and deployable off‑exchange collateral for institutional market participants.
Henry Zhang, Founder and Group CEO of DigiFT, said: “DigiFT was built with a specific conviction: that institutional investors deserve access to the world’s best on-chain financial instruments, through a platform that meets the regulatory standard they require. The partnership with Franklin Templeton reflects that conviction and marks the beginning of a long-term strategic collaboration to bring tokenized solutions to market.”
Chetan Karkhanis, SVP, Digital Asset Partnership Development at Franklin Templeton, said: “The partners we choose reflect our long-term commitment, not just our near-term distribution objectives towards bringing the benefits of blockchain and tokenization to the industry. DigiFT’s leadership and innovative edge, together with the institutional infrastructure they have built, provides a strong foundation for this partnership. This marks the beginning of what we expect to be an expanding and enduring collaboration.” Hashtag: #DigiFT
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, […]
Dubai has unveiled the Museum of Digital Art at DIFC Zabeel District, positioning the planned five-floor institution as the region’s first museum dedicated to digital art and new technologies. Launched by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, the project brings together Dubai Culture and Dubai International Financial Centre in a cultural partnership designed to expand the city’s role […]
Arabian Post Staff -Dubai Abu Dhabi schoolgirl Nakshatra Prem has built a free mobile app to help classmates manage fear, uncertainty and stress during emergency alerts, turning her own moment of panic into a student-led mental health tool. Nakshatra, a 12-year-old Grade 7 pupil at Abu Dhabi Indian School, developed the Android app “Al Amal – The Hope” after hearing emergency alerts for the first time amid […]
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 […]
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 […]
Arabian Post Staff -Dubai ADNOC Distribution and Americana Restaurants International PLC have agreed to open up to 200 quick-service restaurants across fuel and mobility sites in the UAE, Saudi Arabia and Egypt, deepening a push to turn service stations into broader dining, retail and convenience destinations. The strategic partnership announced on Tuesday will bring brands from Americana Restaurants’ portfolio into ADNOC Distribution locations, including standard service stations […]
Washington regulators are preparing a major shift in digital-asset oversight that could allow tokenised versions of stocks to trade on crypto platforms, opening a new front in the contest between blockchain firms and traditional exchanges. The U. S. Securities and Exchange Commission is expected to unveil an “innovation exemption” during the week of 18 May, giving selected market participants limited relief from existing securities rules while they […]
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 […]
Cambridge researchers have built a new class of light-emitting diode by electrically activating insulating nanoparticles, a breakthrough that could widen the path for sharper medical imaging, faster optical communications and more sensitive chemical detection. The advance centres on lanthanide-doped nanoparticles, materials long valued for their ability to emit unusually pure and stable light, especially in the second near-infrared range. That part of the spectrum is important because […]
A chance photograph taken on a remote Queensland property has returned Ptilotus senarius to scientific view after 58 years without a confirmed record, turning a plant long treated as presumed extinct into a live test case for smartphone-powered biodiversity discovery. The small, slender shrub, a member of the Amaranthaceae family, had not been collected since 1967 and was known only from preserved herbarium specimens before horticulturalist and […]
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. […]
Arabian Gulf Automobiles and Equipment has launched Deepal, Changan’s new energy vehicle brand, in Oman, bringing three range-extended electric SUVs to a market preparing for wider adoption of cleaner transport. The Muscat launch introduced the Deepal S05, S07 and G318, positioning the brand in a fast-growing segment between conventional petrol vehicles and fully battery-powered electric models. The line-up uses range-extended electric vehicle technology, allowing daily electric driving […]
Arabian Post Staff -Dubai Pixel Watch owners are reporting another Fitbit-linked software problem, with sleep statistics disappearing from the watch even as the same data remains visible in the phone app. The issue appears to affect the on-watch sleep tile rather than the underlying tracking system. Users say their devices show the message “No recent data. Wear your watch to sleep” after a full night of use, […]
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 […]
Hundreds of shoppers queued through the night at Dubai Mall and Mall of the Emirates for a Swatch and Audemars Piguet launch that was called off after crowding raised public safety concerns. The cancelled May 16 sale of the Royal Pop collection turned a marketing triumph into a crowd-management test for one of the luxury sector’s most closely watched collaborations. The pocket watches, priced at about Dh1,530 […]
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.
Tehran has moved to turn the Strait of Hormuz crisis into a new insurance and payments channel, with an Iran-linked platform branded Hormuz Safe offering maritime cargo cover tied to cryptocurrency settlement for vessels using the strategic waterway. The initiative targets shipowners, charterers and cargo interests facing sharply higher war-risk costs, disrupted routing and mounting legal uncertainty across a corridor that remains central to global energy trade. […]
Dubai will host a high-level Africa investment forum on 22 October 2026 as Invest Africa and the Government of the United Arab Emirates move to deepen trade, finance and technology partnerships across one of the world’s fastest-growing economic corridors. The Africa Debate – UAE, organised in collaboration with the UAE Ministry of Foreign Trade, will bring senior figures from government, finance, industry and development institutions under the […]
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