Arabian Post Staff -Dubai RAK Ceramics has moved to reassure customers, contractors and distributors that its operations across the UAE and the wider region remain uninterrupted, saying access across its customer network is continuing without disruption across both retail and project channels. The statement comes at a time when businesses across the Gulf are paying closer attention to logistics resilience, input costs and delivery schedules amid wider […]
Jack Ma-backed Yunfeng Capital and Hillhouse Investment are among investors said to be planning to buy shares in Victory Giant Technology’s Hong Kong share sale, a deal that could raise about $2 billion and add fresh momentum to the city’s revival as a venue for large equity offerings. Bloomberg reported on Friday that the Guangdong-based company could begin taking investor orders as early as Monday, though the proposed allocations and timing were described as private and subject to change.
Victory Giant, formally known as Victory Giant Technology Co., Ltd., is already listed in Shenzhen and filed an application proof for a Hong Kong offering in February. The draft filing makes clear that the process was still incomplete at that stage and that no investment decision should be based on the draft document alone, a reminder that the final terms, investor line-up and valuation could still shift before launch. China’s securities regulator had already given the green light for the offering in early March, according to Bloomberg’s earlier reporting.
The company sits in a part of the technology supply chain that has drawn growing investor attention as spending on artificial intelligence infrastructure accelerates. Victory Giant makes printed circuit boards, including high-layer-count multilayer boards and high-build-up high-density interconnect boards used in AI accelerator cards, AI servers and high-speed networking equipment. In its Hong Kong filing, the company said such products are designed for high-frequency, high-speed and high-stability applications and are used in components including GPU accelerator modules, CPU motherboards and network interface cards for AI servers.
Its own figures point to a sharp improvement in financial performance as demand for those products strengthened. According to the application proof, revenue rose from RMB7.93 billion in 2023 to RMB10.73 billion in 2024. For the nine months to September 30, 2025, profit climbed to RMB3.24 billion from RMB764.6 million a year earlier, while the net profit margin rose to 23.0% from 9.9%. The filing attributes a large part of that jump to stronger demand for high-end HDI products used in AI-related applications, which command higher prices and fatter margins.
That performance helps explain why anchor demand matters. Cornerstone-style support from investors such as Yunfeng and Hillhouse would give the offering greater signalling power at a time when fund managers are trying to separate durable AI-linked manufacturers from companies benefiting only from short-lived enthusiasm. Neither investor had publicly confirmed participation at the time of Bloomberg’s report, so any description of their role remains conditional until final deal documents are published.
Victory Giant’s filing also underlines the industrial logic behind the listing. The company says it plans to use proceeds for capacity expansion, infrastructure enhancement and equipment purchases in Huizhou, Changsha and Yiyang, as well as investment in smart manufacturing. In Huizhou alone, it expects capacity additions for premium high-layer-count multilayer boards and high-build-up HDI products, reflecting management’s bet that demand tied to AI computing, data centres and advanced electronics will stay strong enough to justify further capital expenditure.
Industry data included in the filing suggest the company is positioning itself in one of the faster-growing corners of the electronics market. The application proof says the global PCB market grew to US$75.0 billion in 2024 and could reach US$93.7 billion by 2029. It estimates the PCB segment tied to AI and high-performance computing at US$6.0 billion in 2024, with that figure projected to rise to US$15.0 billion by 2029. The same filing says Victory Giant ranked first globally in the first half of 2025 for high-layer-count multilayer PCBs with 14 layers and above, and also first globally in high-build-up HDI PCB in that period. Those market-share claims are drawn from third-party industry research cited by the company and should be read in that context.
The backdrop in Hong Kong is supportive, though not uncomplicated. Reuters reported in late February that the city had its strongest start to a year since 2021, with IPOs and second listings raising about $5.5 billion in January. By March 18, LSEG data cited by Reuters showed Hong Kong’s IPO market had raised about $11.64 billion in the first quarter, up 385% from a year earlier. At the same time, Reuters also noted in March that worsening geopolitical tensions had begun to weigh on trading debuts, a sign that even a revived market remains vulnerable to shifts in sentiment.
By Nitya Chakraborty After getting political and diplomatic advantage from the latest US-Iran ceasefire, China has started its preparation for hosting the U.S. President Donald Trump in its crucial summit in Beijing on May 14 and 15 this year. Earlier the summit was scheduled for March 31 and April 1 but Trump postponed that after […]
The article Chinese President Xi Jinping Launches Major Offensive On Taiwan Before May Summit With Trump appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Elon Musk’s artificial intelligence company xAI has sued Colorado in federal court, opening a fresh front in the widening US battle over how far states can go in policing the use of advanced algorithms in decisions affecting jobs, housing, education, healthcare and finance. The complaint, filed on April 9, seeks to block enforcement of Colorado’s Senate Bill 24-205 before it takes effect on June 30, arguing that […]
Moscow has opened a 33-kilometre tram corridor branded T2, a cross-city route that Mayor Sergei Sobyanin says is now the world’s longest urban tram diameter, linking Chertanovskaya metro station in the south with Novogireevo on Moscow Central Diameter line D4 in the east. The launch marks the second stage of the capital’s tram-diameter programme and extends a surface-rail strategy designed to ease pressure on the underground network […]
Russia said on Thursday that President Vladimir Putin had ordered a temporary ceasefire in Ukraine over Orthodox Easter, casting the move as a humanitarian gesture and urging Kyiv to follow suit, even as both sides remained deeply sceptical that any holiday pause would materially change the course of the war. The Kremlin said Russian forces were to halt combat operations from 4 p. m. on Saturday, April […]
XRP could reach $1,000 by 2030, according to EasyA co-founder Dom Kwok, who has repeated the forecast in public interviews and defended it when challenged on valuation grounds. The call has reignited a familiar argument in crypto markets: whether XRP should be judged as a conventional token priced by circulating supply, or as a payments rail whose future worth could expand far beyond today’s market-cap logic. For […]
Circle Internet Group shares slid nearly 10 per cent on Thursday, closing at $85.10, after a fresh Wall Street “sell” call added to investor unease over the stablecoin issuer’s margins and over criticism of its handling of funds tied to the Drift Protocol exploit. Market data showed the stock ended the session down 9.89 per cent, extending a volatile stretch for one of crypto’s most closely watched […]
Washington and Tehran head into talks in Islamabad this weekend with far more at stake than a temporary pause in fighting, as negotiators face pressure to tackle the entire dispute at once rather than salvage only a narrow ceasefire. Pakistan has helped bring the sides to the table after a two-week truce took shape, but the diplomatic opening is already under strain from disputes over uranium enrichment, […]
Air travellers in Germany faced widespread disruption on Friday after Lufthansa cabin crew staged a one-day strike that the airline and airport officials said would force the cancellation of more than 520 flights and affect about 90,000 passengers, hitting the carrier’s Frankfurt and Munich hubs during a busy holiday return period. The walkout, called by the UFO cabin crew union, ran from 00:01 to 22:00 local time […]
Amazon’s Sparrow robot is moving the company’s automation drive beyond lifting shelves and sorting parcels into one of warehouse robotics’ hardest jobs: selecting individual products of different shapes, sizes and surfaces from bins and placing them into totes for the next stage of fulfilment. Introduced as an AI-enabled picking arm, Sparrow marked a notable step in Amazon’s effort to automate item handling while keeping human workers in […]
OpenAI is projecting a steep new revenue path built around advertising, with the ChatGPT maker expecting about $2.5 billion in ad revenue in 2026 and as much as $100 billion annually by 2030, according to a report by Axios citing investor presentation material. The same projections indicate ad sales could climb to $11 billion in 2027, $25 billion in 2028 and $53 billion in 2029, underscoring how […]
Atomic Stealer operators have opened a fresh lane into Apple computers by shifting a popular ClickFix scam away from Terminal and into Script Editor, a built-in macOS tool that many users would regard as less suspicious. The change matters because Apple moved in March to add stronger friction around Terminal-based copy-and-paste attacks in macOS Tahoe 26.4, and threat researchers now say attackers have adapted within weeks rather […]
By Nitya Chakraborty All nations in the globe except perhaps Israel have welcomed the ceasefire agreement for two weeks between U.S. and Iran announced by President Donald Trump on April 7 evening US time and later endorsed by the Iranian government. The ceasefire is fragile – Israel has bombed Lebanon killing 254 persons on Wednesday […]
The article Ceasefire Agreement Is Fragile But Islamabad Talks Must Be Used For Stable Peace appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Embedded banking is moving financial services out of the bank branch and bank app and into the software people and companies already use, reshaping how accounts, cards, payments and credit are distributed across the economy. What began as an extension of embedded payments has matured into a broader model in which regulated banks provide the licensed infrastructure while technology platforms control the customer experience, a shift that […]
Dubai’s public parking operator Parkin has launched “Spots for Shops”, a scheme designed to let motorists recover parking fees when they spend at participating neighbourhood businesses, in a move that links curbside parking more directly to street-level retail trade. Under the pilot, customers park in a paid Parkin bay, pay the normal tariff, make a qualifying purchase set by the merchant, and then have the fee validated […]
DataBank and Goodman Group have formed a 50-50 joint venture to build a 32MW data centre in Vernon, California, betting that one of the most capacity-starved digital infrastructure markets in the United States will stay tight as demand from artificial intelligence, cloud and enterprise customers keeps rising. The project is due to begin operations in December 2026 with an initial 6MW, with the remaining capacity scheduled to […]
GitLab has issued a security update covering multiple vulnerabilities in its Community Edition and Enterprise Edition products, with the latest patch aimed at denial-of-service weaknesses and an Enterprise-only code injection issue that could expose users’ IP addresses through maliciously crafted Code Quality reports. The company said self-managed customers should upgrade immediately to versions 18.10.3, 18.9.5 or 18.8.9, while GitLab. com is already running the patched release and […]
Google’s handling of API keys has come under fresh scrutiny after security researchers said Android applications are exposing credentials that can now unlock parts of the Gemini AI platform, potentially allowing unauthorised access to files, cached data and billable AI services. The latest warning, published by CloudSEK on April 7, says 32 hardcoded Google API keys were found across 22 popular Android apps and that the issue […]
By Asad Mirza It seems that President Trump’s Tuesday morning Truth Social post, which threatened “a whole civilisation will die tonight” and raised the spectre of nuclear war, has jolted the American lawmakers, and it has begun a chorus of calls either for Trump’s impeachment or for his removal via the invocation of the 25th […]
The article Irrespective Of Two Week Ceasefire, Demand For Impeachment Of Trump Grows In U.S. Congress appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Abu Dhabi University said an associate professor and a former student have been granted a patent for an artificial-intelligence application designed to translate between sign language and spoken or written language in real time, marking a push by the institution into assistive technology with a clear accessibility focus. The university identified the inventors as Dr Modafar Ati, associate professor of computer science and […]
UBS and five other banks in Switzerland have joined Swiss Stablecoin AG to test potential uses for a Swiss franc stablecoin, marking one of the clearest signs yet that established lenders in the country want a bigger role in tokenised finance. The initiative, announced on Wednesday, creates a live sandbox rather than a full public launch, meaning the project remains in a controlled testing phase through 2026. […]
GoDaddy has teamed up with LegalZoom to launch a system designed to give AI agents a verifiable identity on the open web, as companies move from chatbots towards software that can act, transact and communicate with other systems with less human intervention. The tie-up, announced on 2 April, centres on GoDaddy’s Agent Name Service, or ANS, which uses domain name system records and public key infrastructure certificates […]
Security leaders are being told to treat “vibe coding” as a governance issue, not merely a productivity trend, as AI assistants move deeper into software development and expose organisations to flaws ranging from insecure dependencies to credential leakage and command injection. Guidance from standards bodies and security groups now points towards a simple principle: code produced with AI should be handled as untrusted until it has passed […]
