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Malay Mail
2 days ago
- Business
- Malay Mail
Cyberport "AI x Data Forum" Concludes Successfully Joining Hands with Industry to Drive AI and Data Innovation and Unlock New Value for Enterprises
Cyberport, Canton Data Exchange, and China Unicom Global signed a MOU to jointly promote the implementation of mature data application scenarios and enterprises from Mainland China into Hong Kong. HONG KONG SAR - Media OutReach Newswire - 17 July 2025 - Cyberport successfully hosted the "AI x Data Forum" today. Centered on the theme "AI in Action, Data at the Core: Unlocking Infinite Potential", the forum brought together over 450 participants from government, finance, innovation and technology, cybersecurity sector, and academia to explore innovative artificial intelligence and data-driven strategies and practical the forum, Cyberport, the Canton Data Exchange and China Unicom Global signed a Memorandum of Understanding (MoU). The three parties will jointly promote and implement a "Mainland incubation, Hong Kong deployment" collaboration model, introducing mature data application scenarios and enterprises from Mainland China into Hong Kong. The collaboration covers areas such as financial risk management, healthcare, cross-border trade, and the low-altitude economy, and will provide technology platforms and compliance support. These efforts will help enterprises expand into both local and overseas markets, while jointly organizing incubation, investment promotion, and exchange activities, further strengthening Hong Kong's position as a demonstration hub for data the opening remarks at the forum and stated "Artificial Intelligence (AI) has become a major engine for global economic growth, with data as its essential driving force. The two elements are complementary. This year, the HKSAR Government has developed AI as a core industry for Hong Kong, aiming for all sectors to focus on its development and spearhead a new wave of economic growth for the city. The Government will fully leverage Hong Kong's edges as an international data hub, encouraging the industry to pursue innovation and breakthroughs in AI. With unique advantages under the 'One Country, Two Systems' principle, Hong Kong is well positioned to serve as a vital base for AI development, both locally and across the Greater Bay Area, enabling AI and data to create broader and more positive value in the region."In his welcoming speech, Simon Chan, Chairman of Cyberport, stated "Data is the cornerstone of the digital economy, driving the transformation of smart cities and serving as a vital foundation for AI development. Cyberport is dedicated to building a diverse innovation and technology ecosystem, fostering the safe, efficient, and compliant growth of AI and data applications through cross-sector collaboration. Our partnership with the Canton Data Exchange and China Unicom Global represents a significant milestone in promoting collaborative development in the Guangdong-Hong Kong data industry. Cyberport will continue to serve as Hong Kong's digital tech hub and AI accelerator, harnessing innovative technologies to drive economic transformation and reinforce Hong Kong's status as a global hub for innovation and data."The Leaders Dialogue sessions moderated by Dr. Crystal Fok, Director of AI Applications at Cyberport, brought together representatives from various organizations, including the Hong Kong Police Force, the Spatial Data Office, Canton Data Exchange, and China Unicom Global. The panel engaged in an in-depth discussion on advancing data security and improving the transparency of cloud data flows, providing fresh perspectives to organizational data management strategies. During the discussion, experts shared valuable insights in promoting data security and data application and ensuring compliance. Initiatives included developing platforms with multilingual and context-aware capabilities to enhance service quality and continually reviewing and enhancing system security to ensure a safe and compliant flow of information. The panel also underscored that the establishment of compliant and scalable data platforms will facilitate cross-sector collaboration and industry co-creation, helping smart enterprises seize new opportunities and achieve high-quality Hong Kong's digital tech hub and AI accelerator, Cyberport is committed to building a responsible and trustworthy AI ecosystem in collaboration with various sectors. Last year, Cyberport launched Hong Kong's largest Artificial Intelligence Supercomputing Centre (AISC) and established an AI Lab to provide comprehensive support to start-ups from research and development to market entry, creating a valuable platform for technology demonstration and commercial the HKSAR Government allocated HK$3 billion to launch the three year Artificial Intelligence Subsidy Scheme (AISS) through Cyberport, which has received approximately 20 applications. As of the end of June this year, the committee has approved nearly 10 projects covering areas such as local large language models, new materials, synthetic biology, and medical large models, with total grants of about HK$300 million. Since January, approved projects have gradually begun utilising the AISC, with more than 90% of its computing capacity now in the completion of Cyberport 5 expected for this year, the new building will be equipped with state-of-the-art infrastructure, including a dedicated, Tier-III+ standard sustainable data centre. Together with the adjacent AISC and the Hong Kong Internet Exchange (HKIX), the new facility will create a high-performance technology corridor. This will provide stronger and highly reliable data storage and computing support for industry, academia, and government, accelerating digital transformation across Cyberport is home to more than 400 start-ups focusing on AI and data science, and has attracted several leading AI enterprises. Cyberport has fostered strategic partnerships with major technology leaders, expanding support for start-ups while advancing talent cultivation, R&D, and technology adoption, driving Hong Kong's evolution into an International AI and innovation #Cyberport #AIxDataForum The issuer is solely responsible for the content of this announcement. About Hong Kong Cyberport Wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government, Cyberport is Hong Kong's digital tech hub and AI accelerator, with a vision to empower industry digitalisation and intelligent transformation, to promote digital economy and AI development, and to foster Hong Kong to be an international AI, innovation and technology (I&T) hub. Cyberport gathers over 2,200 companies, including 5 listed companies and 7 unicorns. One-third of onsite companies' founders come from 26 countries and regions, while Cyberport companies have expanded to over 35 global markets. Cyberport, with Hong Kong's largest AI Supercomputing Centre and AI Lab as the engine, has been building the AI ecosystem with industry-leading AI companies and around 400 AI and data science start-ups. Through development of tech clusters, namely AI, data science, blockchain and cybersecurity, Cyberport empowers industries across smart city and government, banking and finance, digital entertainment, culture and tourism, healthcare, education and training, property management, construction, transportation and logistics, green environment and more, while hosting Hong Kong's largest FinTech community. Commissioned by the HKSAR Government, Cyberport has implemented proof-of-concept and sandbox schemes, subsidisation for digital tech adoption, industry tech training and start-up incubation, to drive technology R&D, translation and commercialisation, thus propelling digital transformation and intelligent upgrade across industry and society. Also as Hong Kong's key incubator, Cyberport supports entrepreneurs with funding and office space, extensive networks of enterprises, investors, technology corporations and professional services for business growth and expansion to Mainland China and overseas markets, all-round facilitation for landing in Hong Kong, talent attraction and cultivation, ready as a launchpad to take start-ups in any stages of development to the next level. For more information, please visit
South China Morning Post
5 days ago
- Automotive
- South China Morning Post
Driverless taxis in mainland China could control more than 6% of the market: HSBC
Driverless cabs in China could account for 6 per cent of the country's total taxi market, aided by advanced digital infrastructure and consumer willingness to embrace new technologies, according to HSBC The potential addressable market for robotaxis in mainland China was estimated to be around US$40 billion a year, the bank said in a report on Monday, without elaborating on when local operators of driverless cabs could achieve the goal. The projection represented 6.2 per cent of the total taxi and ride-hailing businesses in China, which had a market size of 465 billion yuan (US$64.9 billion) in 2024, according to market consultancy iResearch. 'China is at the forefront of the global autonomous driving industry, aided by better connectivity, well-developed 5G infrastructure and a consumer base more open to autonomous driving,' HSBC said in its report. 'Robotaxis are fast approaching an everyday reality, albeit within strictly controlled parameters.' Aside from serving human passengers, autonomous taxis on the mainland could also generate revenue worth US$30 billion a year by offering logistics and delivery services, the report added. According to prevailing standards, robotaxis have level 4 (L4) self-driving capabilities. That means they did not require human intervention in most circumstances, according to SAE International, a global body. L4 was seen as an important step on the way to L5 fully autonomous driving, which would enable manufacturers and freight companies to operate driverless fleets.
Yahoo
6 days ago
- Business
- Yahoo
Ryde Group, Tencent Cloud Partner to Enhance In-App Communications, Drive Super-App Ambitions
Ryde Group Ltd. (NYSE:RYDE) is one of the best new tech stocks with huge upside potential. On June 20, Ryde Group announced a partnership with Tencent Cloud, which is the cloud division of Tencent Holding Ltd. (OTC:TCEHY), to enhance Ryde's in-app communications in Southeast Asia by integrating Tencent's Real-Time Communication/TRTC technology and WeChat Mini Program. The move is expected to reduce operational costs, improve scalability, and strengthen user data privacy. TRTC is known for its ultra-low latency performance and carrier-grade stability, and is already powering major platforms such as PUBG, QQ, and Weixin. A fleet of buses and vans providing cost-efficient transportation services. The final goal for Ryde is to become a super-app for Southeast Asia. Ryde plans to use these new tools to expand its services beyond ride-hailing into deliveries, digital payments, and sustainability-focused mobility. Ryde Group Ltd. (NYSE:RYDE) provides mobility and quick commerce solutions in Singapore. Tencent Holding Ltd. (OTC:TCEHY) is an investment holding company that provides value-added services, marketing services, fintech, and business services in Mainland China and internationally. While we acknowledge the potential of RYDE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
08-07-2025
- Business
- Yahoo
Undiscovered Gems in Asia to Explore This July 2025
As global markets continue to show mixed performances, with U.S. small-cap indices like the S&P MidCap 400 and Russell 2000 climbing significantly, attention is shifting towards Asia for potential investment opportunities. In this dynamic environment, identifying stocks that demonstrate resilience and growth potential amidst economic fluctuations can be key to uncovering undiscovered gems in the Asian market. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Wuxi Xinan Technology NA 11.99% 4.45% ★★★★★★ Maxigen Biotech NA 9.26% 24.95% ★★★★★★ Jiangsu Lianfa TextileLtd 26.67% 2.17% -26.08% ★★★★★☆ Poly Plastic Masterbatch (SuZhou)Ltd 3.67% 24.06% 0.13% ★★★★★☆ DorightLtd 5.31% 15.47% 9.44% ★★★★★☆ Johnson Chemical Pharmaceutical Works 8.73% 9.88% 7.83% ★★★★★☆ Ogaki Kyoritsu Bank 121.34% 2.97% 8.06% ★★★★☆☆ Silvery Dragon Prestressed MaterialsLTD Tianjin 34.13% 1.81% 9.01% ★★★★☆☆ Sinomag Technology 68.80% 16.08% 3.66% ★★★★☆☆ Shanghai Material Trading 3.58% -6.74% -5.92% ★★★★☆☆ Click here to see the full list of 2605 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Let's explore several standout options from the results in the screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: Green Tea Group Limited operates casual Chinese restaurants in Mainland China with a market capitalization of HK$6.11 billion. Operations: Green Tea Group generates revenue primarily through its restaurant operations, amounting to CN¥3.84 billion. The company has a market capitalization of HK$6.11 billion. Green Tea Group, a nimble player in the market, recently completed an IPO raising HKD 1.21 billion, indicating strong investor interest. The company is trading at 63% below its estimated fair value and boasts high-quality earnings with an impressive growth of 18.5% over the past year, outpacing the Hospitality industry's modest 1.7%. Debt-free for five years, it maintains a robust financial position with positive free cash flow of US$396 million as of December last year. With earnings forecasted to grow by 25.8% annually, Green Tea Group seems poised for future expansion while rewarding shareholders with a special dividend of HKD 0.33 per share this August. Dive into the specifics of Green Tea Group here with our thorough health report. Understand Green Tea Group's track record by examining our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: Sichuan Mingxing Electric Power Co., Ltd. operates in the electric power industry with a market capitalization of CN¥6.55 billion. Operations: The company generates revenue primarily from its electric power operations. It has a market capitalization of CN¥6.55 billion. Sichuan Mingxing Electric Power showcases a promising profile with its earnings growth of 11% outpacing the industry average of -6.9%. The company's debt to equity ratio has improved from 3.5 to 2.2 over five years, indicating prudent financial management. Recent quarterly results reveal sales of CNY 776.97 million and net income of CNY 72.77 million, reflecting steady performance compared to last year's figures. With a price-to-earnings ratio at 30.8x, it is attractively valued against the CN market's average of 39.4x, suggesting potential for investors seeking value in this sector. Click to explore a detailed breakdown of our findings in Sichuan Mingxing Electric Power's health report. Gain insights into Sichuan Mingxing Electric Power's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★★ Overview: Guomai Technologies, Inc. operates in China, offering internet of things technology services, consulting and design services, science park operation and development services, as well as education services, with a market cap of CN¥13.86 billion. Operations: Guomai Technologies generates revenue through its internet of things technology services, consulting and design services, science park operation and development services, and education services in China. The company has a market cap of CN¥13.86 billion. Guomai Technologies, a smaller player in the IT sector, has shown impressive earnings growth of 67.4% over the past year, outpacing the industry's -14.8%. The company is debt-free now, contrasting with a 12.6% debt-to-equity ratio five years ago. Its net income for Q1 2025 was CNY 91.38 million compared to CNY 58.65 million last year, reflecting strong performance despite an unusual CN¥81.8M gain impacting results for March 2025. With a price-to-earnings ratio of 68.8x below the industry average of 90x and positive free cash flow, Guomai seems well-positioned in its niche market space. Delve into the full analysis health report here for a deeper understanding of Guomai Technologies. Examine Guomai Technologies' past performance report to understand how it has performed in the past. Click this link to deep-dive into the 2605 companies within our Asian Undiscovered Gems With Strong Fundamentals screener. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:6831 SHSE:600101 and SZSE:002093. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Bloomberg
07-07-2025
- Business
- Bloomberg
FWD Eyes China Market After 'Emotional' HK Debut
Shares in Richard Li's insurer FWD Group were steady on the first day of trading after raising $442 million in its IPO. The company's CEO Hyunh Thanh Phong says Monday's listing was an emotional moment, after several attempts to go public in the US and Hong Kong. With new funding now in place, Hyunh told David Ingles and Yvonne Man on 'Bloomberg: The China Show' that the company plans to break into the Mainland China market. (Source: Bloomberg)
