Latest news with #SimonChan
The Sun
6 days ago
- Business
- The Sun
Cyberport 'AI x Data Forum' Concludes Successfully Joining Hands with Industry to Drive AI and Data Innovation and Unlock New Value for Enterprises
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 experiences. During 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 applications. Prof Sun Dong, Secretary for Innovation, Technology and Industry delivered 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 growth. As 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 application. Additionally, 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 use. With 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 industries. Currently, 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 hub.
Arabian Post
6 days ago
- Business
- Arabian Post
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 experiences. During 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 applications. Prof Sun Dong, Secretary for Innovation, Technology and Industry delivered 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.' ADVERTISEMENT 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 growth. As 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 application. Additionally, 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 use. With 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 industries. ADVERTISEMENT Currently, 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 hub. Hashtag: #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
ABC News
16-07-2025
- ABC News
Chinese national Chun Lai Yuen granted bail after Caitlyn Dickson struck in high-speed crash
A Chinese national allegedly behind the wheel of a speeding vehicle which struck a teenage girl following a car cruise event has been granted bail despite police concerns he is a flight risk. Chun Lai Yuen, 25, appeared today in the Perth Magistrates Court charged with dangerous driving, after 17-year-old Caitlyn Dickson sustained serious injuries at a car meet on Monday night. Police allege Mr Yuen was driving a black Honda Civic at more than 90 kilometres per hour on Camfield Drive near Crown Casino when it struck Ms Dickson. Police prosecutor Sgt Simon Chan opposed bail, saying Mr Yuen was on a temporary student visa and did not have a stable base in Perth. Magistrate Elizabeth Langdon granted bail with a $20,000 surety, and conditions including Mr Yuen not drive a motor vehicle. He is due back in court on August 15.
Business Insider
07-07-2025
- Business
- Business Insider
Morgan Stanley Keeps Their Buy Rating on Goodman Group (GMGSF)
In a report released today, Simon Chan from Morgan Stanley maintained a Buy rating on Goodman Group, with a price target of A$40.47. The company's shares closed last Monday at $22.50. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Chan is a 2-star analyst with an average return of 0.5% and a 45.32% success rate. Chan covers the Real Estate sector, focusing on stocks such as Home Consortium Ltd, Dexus, and Goodman Group. Goodman Group has an analyst consensus of Strong Buy, with a price target consensus of $24.39, implying an 8.40% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$40.00 price target.
The Sun
27-06-2025
- Business
- The Sun
Cyberport 5 as Hong Kong's New I&T Landmark
HONG KONG SAR - Media OutReach Newswire - 27 June 2025 - The Cyberport 5 building is set to become a prominent and significant landmark in Hong Kong's innovation and technology (I&T) ecosystem. Equipped with next-generation digital infrastructure and advanced smart office facilities, it will support research and development (R&D) in cutting-edge fields, including artificial intelligence (AI), data science, blockchain and cybersecurity. This landmark development will bolster key I&T sectors, including smart cities, financial technology, low-altitude economy, culture, sports and tourism, as well as driving the growth of strategic emerging industries. By providing expanded space for research, innovation and demonstration of solutions, Cyberport 5 will attract top-tier I&T enterprises from both the Mainland Chinese and international markets, reinforcing Hong Kong's position as a hub for global talent in the field. Simon Chan, Chairman of Cyberport said, 'The Cyberport expansion project marks a key milestone in the evolution of Hong Kong's I&T infrastructure. It offers more extensive and vibrant spaces for technology enterprises, enabling Hong Kong to foster new quality productive forces and to drive the development of strategic emerging industries and future industries. The Cyberport 5 building will be equipped with advanced technological facilities to provide staunch and continuous support for the research, development, and application of innovative technologies. This will enhance intelligent upgrading and transformation of different industries, driving the high-quality development of Hong Kong's digital economy and smart city. In addition, it will attract more domestic and international technology firms and talents to Cyberport, reinforcing Hong Kong's position as a global hub for innovation and technology. The expansion project will at the same time enhance the waterfront park with improved green landscaping, smart facilities, and pet-friendly environment, allowing the public to enjoy a high-quality living driven by I&T, while promoting a harmonious, inclusive, smart and sustainable community.' The Cyberport expansion project includes the construction of Cyberport 5 building and enhancement of the waterfront park. Cyberport 5 is a 10-storey building with a panoramic sea view located at the northwest of the park, occupies 1.6 hectares with a gross floor area of approximately 66,000 square metres, among which 36,000 square metres were office and co-working space representing approximately 30% of the current total floor area. The new building features curvilinear and cascading design, incorporating atriums, skylights and outdoor terraces. It fosters exchanges and interaction among users in flexible workspaces and dedicated collaborative areas, with elevated walkways connecting to the adjacent campus. Cyberport 5 also includes advanced technological infrastructure, housing a Tier-III+ grade sustainable data centre as the data services platform. With proximity to Artificial Intelligence Supercomputing Centre (AISC) and Hong Kong Internet Exchange (HKIX), it will provide high power density, top-performance data storage and computing capabilities. With dedicated fibre optics, multi-cloud platforms, and 10G broadband services, the building will offer ultra-fast, low-latency connectivity. In addition, the infrastructure is ready to support high-speed submarine cable network connections, accelerating global network connectivity, international communication integration, and data transmission. Cyberport 5 will feature a multi-function hall with a capacity of 800 attendees, making it ideal for hosting large industry events to promote exchange within the tech sector. The building also provides over 5,000 square metres of public open space, a sunset observation deck and other viewing facilities for public enjoyment. In addition, an array of ancillary facilities will further enhance visitors' experience in retail and dining. Cyberport is committed to fostering sustainable development by leveraging innovative technologies. The new building incorporates green and smart design elements, such as Internet of Things (IoT) technology and renewable energy applications, positioning it as a model for low-carbon architecture. During construction, Building Information Modeling (BIM) technology was employed, alongside 4D BIM simulations for project management and an IoT-based electronic monitoring system to ensure operational efficiency and safety. Additionally, we adopted 'Modular Integrated Construction (MiC)', with materials transported by shipping, and implemented real-time monitoring and preventive measures to minimise environmental impact. The new building with green building and design features has garnered multiple industry certifications, targeting to achieve BEAM Plus New Buildings 1.2 Platinum Rating, BEAM Plus New Data Centres 1.0 Platinum Rating, and has achieved WiredScore Platinum Rating and SmartScore Platinum Rating. The project has also received numerous industry awards for smart building and construction, including recognitions from the Construction Industry Council, the Hong Kong Green Building Council, and the Hong Kong Institute of Surveyors, demonstrating extensive industry recognition of its achievements. As part of the expansion project, the waterfront park has also been enhanced to bring a luxuriantly green public space for the community. The park will provide a waterfront promenade and smart facilities, and enhanced the green landscape, park and disembarkation facilities and more, with the aim of creating a pet-friendly environment, transforming the park into a public space for leisure, sports and technology experience, and allowing the public to enjoy a comfortable and pleasant outdoor environment for a more diverse and high-quality community life. With tenancy interest from various enterprises and organisations, Cyberport has appointed CBRE Hong Kong as the chief leasing agent to handle leasing matters for the Cyberport 5 building. For more details about the Cyberport expansion project, please visit For leasing enquiries, please contact Billy Kwong, Leasing Senior Manager of Cyberport (Tel: 852-3166 3875; Email: billykwongsh@ or Benny Cheung, Senior Director of Advisory & Transaction Services | Office Services of CBRE, (Tel: 852-9039 1439; Email:
