logo
Geek+ on Plans for Funds Raised from HK Listing

Geek+ on Plans for Funds Raised from HK Listing

Bloomberg5 days ago
Lit Fung, Vice President of International Business at automation technology firm Geek+, discusses its strategic plans after its listing in Hong Kong. He speaks with Yvonne Man and Annabelle Droulers on "Bloomberg: The China Show." (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mindsprint and Planview forge strategic partnership to transform digital value chains with integrated project and portfolio management
Mindsprint and Planview forge strategic partnership to transform digital value chains with integrated project and portfolio management

Yahoo

time38 minutes ago

  • Yahoo

Mindsprint and Planview forge strategic partnership to transform digital value chains with integrated project and portfolio management

BENGALURU, India, July 15, 2025 /PRNewswire/ -- Mindsprint, a technology firm offering purpose-built, AI-led solutions to modernize enterprise operations, today announced a partnership with Planview, the leading platform for Strategic Portfolio Management (SPM) and Digital Product Development (DPD). The partnership is designed to help enterprises streamline their digital value chains to unlock measurable improvements in productivity, efficiency, and innovation across their organizations, accelerating business value. The partnership addresses critical enterprise challenges, including disconnected tools, siloed decision-making, and inefficient workflows that prevent organizations from delivering projects on time, within budget, and aligned with strategic goals. By combining Planview's robust technology platform with Mindsprint's proven implementation and consulting expertise, the alliance enables enterprises to build more connected, data-driven, and agile project and portfolio management ecosystems. The collaboration reflects both companies' shared vision that project and portfolio management (PPM) must evolve beyond an isolated function into an integrated discipline that drives strategic decision-making, enables cross-functional collaboration, and maximizes enterprise-wide return on investment. "We're excited to partner with Planview to help businesses move past fragmented approaches and embrace a more intelligent, integrated way of managing their project portfolios," said Suresh Sundararajan, CEO of Mindsprint. "This is not just a tactical collaboration, it's a long-term strategic partnership. Together, we're creating a unified platform that brings speed, visibility, and control to the heart of enterprise operations. As organizations evolve, we see this partnership emerging as an enabler of transformation and driving continuous value." "Mindsprint's depth of expertise and customer-first approach make them an ideal partner as we expand the reach and impact of Planview's solutions," said Vishal Dhawan, MD & President (APAC) at Planview. "As the undisputed leader in enterprise portfolio management, Planview empowers organizations at every maturity level to connect strategy to delivery, accelerate transformation, and drive measurable business outcomes. Mindsprint's ability to tailor our solutions to complex enterprise environments ensures that customers realize immediate ROI, achieve strategic alignment, and see tangible impact right from the start." Mindsprint brings a holistic suite of services that complement Planview's core offerings, including implementation, data analytics, system integration, reporting, and ongoing optimization. The partnership delivers real-time performance visibility, enhanced market responsiveness, and empowers teams with tools and insights for faster, better decision-making. Central to the offering is a robust platform experience that unifies data, processes, and teams, providing organizations with a single source of truth for all project and portfolio activities. Seamless integrations with enterprise tools like Jira, SAP, and Excel ensure cross-departmental connectivity without disrupting existing workflows. The partnership focuses on removing organizational silos, aligning strategy to execution, and empowering teams at every level. From improving resource allocation to boosting reporting accuracy and governance, the alliance is designed to deliver tangible, lasting value that redefines project and portfolio success in modern enterprises. About Mindsprint: Mindsprint exists to responsibly engineer the next generation of enterprises—driven by insight, innovation, and passion. With a proven track record spanning two decades, we are the partner of choice for high-impact, AI-driven technology solutions for clients across the globe in industries such as retail, agriculture, manufacturing, healthcare, and life sciences among others. Our offerings include enterprise technology applications, business process services, cybersecurity solutions, and automation-as-a-service—delivered with a strong commitment to responsible innovation. Headquartered in Singapore, Mindsprint has a global workforce of 3,200+ professionals across the US, UK, Middle East, India, Australia, and Africa. To learn more, visit About Planview: Planview is the global leader in Strategic Portfolio Management (SPM) and Digital Product Development (DPD), empowering organizations to turn strategy into outcomes. The Planview Platform provides a connected system for road mapping, capacity planning, work prioritization, and value stream delivery—enabling enterprises to align investments with business goals, optimize resources, and adapt with precision. Trusted by over 2.7 million users across industries—including 45 of the Fortune 100—Planview helps businesses accelerate strategy execution at scale. Headquartered in Austin, Texas, Planview operates with a global team of over 1,300 professionals. View original content: SOURCE Mindsprint Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Galaxy Payroll Group Limited Announces Execution of PIPE Financing Agreements
Galaxy Payroll Group Limited Announces Execution of PIPE Financing Agreements

Yahoo

time42 minutes ago

  • Yahoo

Galaxy Payroll Group Limited Announces Execution of PIPE Financing Agreements

HONG KONG - July 14, 2025 (NEWMEDIAWIRE) - Galaxy Payroll Group Limited (Nasdaq: GLXG) ("Galaxy" or the "Company"), a leading global payroll provider, today announced the execution of definitive agreements with select accredited investors for a private investment in public equity ("PIPE") transaction. On July 11, 2025, the Company entered into a Securities Purchase Agreement ("SPA") under which it will issue and sell 15,000,000 Class A ordinary shares, each with a par value of US$0.000625, at a price of US$0.33 per share. Concurrently, the Company executed a Registration Rights Agreement ("RRA") granting investors customary registration rights for these shares. The transaction will generate gross proceeds of approximately US$4.95 million, subject to satisfaction of customary closing conditions stipulated in the SPA. Mr. Wai Hong Lao, Chairman and Chief Executive Officer of Galaxy Payroll Group, stated: "This PIPE financing represents a strategic step in strengthening our capital structure to support Galaxy's global expansion initiatives. We remain focused on advancing our technology-driven payroll solutions while maintaining rigorous compliance with all regulatory obligations to our shareholders and partners." About Galaxy Payroll Group LimitedGalaxy Payroll Group Limited is a leading payroll outsourcing service provider based in Hong Kong. The company specializes in delivering HR and payroll solutions to multinational companies across various industries. With a focus on innovation and client satisfaction, GLXG operates in Hong Kong, Taiwan, Macau, and the PRC, offering payroll outsourcing, employment services, and consultancy to businesses of all sizes. For more information, please visit Galaxy Payroll Group's website: Forward-Looking StatementsMatters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intends," "estimate," "potential," "may," "should," "expect" "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations. For enquiry, please contact Intelligent Joy Limited:Karen DengPhone: (852) 3594 6407Email: pr-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

1 Unstoppable Stock That Could Join Nvidia, Microsoft, Apple, Amazon, and Alphabet in the $2 Trillion Club Before 2028
1 Unstoppable Stock That Could Join Nvidia, Microsoft, Apple, Amazon, and Alphabet in the $2 Trillion Club Before 2028

Yahoo

time44 minutes ago

  • Yahoo

1 Unstoppable Stock That Could Join Nvidia, Microsoft, Apple, Amazon, and Alphabet in the $2 Trillion Club Before 2028

The demand for semiconductors and related technology used for AI has surged over the past couple of years. Broadcom's impressive collection of chips and infrastructure products are front and center in the AI revolution. Despite its critical position in the AI ecosystem, the stock is reasonably priced when viewed in the context of its growth and potential. 10 stocks we like better than Broadcom › "The times they are a-changin'," as Bob Dylan once sang. Looking back over the past two decades, we see that a lot of what drives the U.S. economy has changed. For example, oil and industrial players were the largest companies in the U.S. in 2005 (measured by market cap), with ExxonMobil and General Electric clocking in at $392 billion and $375 billion, respectively. Now, just 20 years later, the leader board has five technology stocks with market caps of more than $2 trillion each. AI chipmaker Nvidia recently took the crown as the world's first $4 trillion company. Microsoft and Apple have each topped the list at some point, currently sporting market caps of $3.7 trillion and $3.1 trillion, respectively. Rounding out the top five are Amazon and Alphabet, worth $2.3 trillion and $2.1 trillion, respectively. With a market cap of roughly $1.3 trillion as of this writing, it seems it's only a matter of time before Broadcom (NASDAQ: AVGO) joins this elite group of companies. Broadcom plays a critical role in the AI ecosystem, and the prevailing secular tailwinds could help push it into the $2 trillion club sooner than you might think. Investors might be surprised to learn that Broadcom supplies a wide range of the semiconductor, software, and security solutions that underpin much of the technology in the mobile, broadband, cable, and data center spaces. The company boasts that "99% of all internet traffic crosses through some type of Broadcom technology." This highlights the company's critical role in the accelerating adoption of artificial intelligence (AI), which resides primarily in data centers and in the cloud. Broadcom's overall results show that business is robust. In the second quarter, Broadcom generated record revenue that climbed 20% year over year to $15 billion, while its adjusted earnings per share of $1.58 jumped 44%. The company added VMware to its list of bolt-on acquisitions in late 2023. Since then, management has been working to convert VMware Cloud Foundation (VCF) to a subscription licensing model and cross-selling its products to existing customers. The efforts are bearing fruit, as 87% of the company's 10,000 largest customers have adopted VCF. Furthermore, management noted that in Q2, its infrastructure software operating margin climbed to 76%, up from 60% in the year-ago quarter, and credited the "disciplined integration" of VMware for the improvement. The extensive reach of Broadcom's tech-centric products, which are critical components in the cloud and hyperscale data center industry, make it a key player in the growing adoption of AI. According to Wall Street estimates, Broadcom is expected to generate revenue of $62.74 billion in 2025, giving it a forward price-to-sales (P/S) ratio of roughly 20. If the stock's P/S remains constant, Broadcom will need to generate revenue of roughly $97 billion annually to support a $1 trillion market cap. Wall Street's expectations are bullish, guiding for revenue growth of 19% annually over the coming five years. If the company hits those targets, it could achieve a $1 trillion market cap as early as 2028. Given the expanding use cases for generative AI, those estimates could well be conservative. Furthermore, the evidence suggests Broadcom might achieve those benchmarks sooner than current forecasts suggest. Management estimates the company's serviceable addressable market for AI revenue from its three existing hyperscale customers at $60 billion to $90 billion in fiscal 2027 alone. Those estimates don't include the two new customers management announced in December -- which the company is currently being very tight-lipped about. While it will take some time to bring those new customers into the fold, Broadcom's growth will no doubt get a boost. It's still early days for the adoption of AI, and Broadcom is well positioned to benefit from these gale-force secular tailwinds. It's estimated that the generative AI market will top out at between $2.6 trillion and $4.4 trillion annually over the coming decade, according to global management consulting firm McKinsey & Company. If you include the contribution from embedded software, that number doubles. Broadcom's emergence as a key player in AI has driven the stock higher, resulting in a commensurate increase in its valuation, with the stock selling for 34 times next year's expected earnings. That said, Broadcom has soared 2,070% over the past decade, compared to just 205% gains for the S&P 500 as of this writing, which helps illustrate why the stock is deserving of a premium. Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Broadcom wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 14, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Danny Vena has positions in Alphabet, Amazon, Apple, Broadcom, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Microsoft, and Nvidia. The Motley Fool recommends Broadcom and GE Aerospace and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 1 Unstoppable Stock That Could Join Nvidia, Microsoft, Apple, Amazon, and Alphabet in the $2 Trillion Club Before 2028 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store