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Over 2,000 Enterprises Worldwide Join China (Hainan) International Trade Fair for Tropical Agricultural Products


HAIKOU, CHINA – Media OutReach Newswire – 9 December 2024 – The 27th China (Hainan) International Trade Fair for Tropical Agricultural Products took place at the Hainan Free Trade Port on Dec. 5-8. Participants from 2,200 enterprises representing over 10 countries and regions attended the event, sharing the latest agricultural advancements and innovative technologies.

The 27th China (Hainan) International Trade Fair for Tropical Agricultural Products
The 27th China (Hainan) International Trade Fair for Tropical Agricultural Products

During the fair, delegations, exhibitors, and buyers from countries and regions such as Vietnam, Kenya, Uganda, Ethiopia, Malaysia, Mongolia, Cambodia, Russia, South Korea, Thailand, Tanzania, and Singapore visited the major halls, seeking opportunities for agricultural collaboration. According to official statistics, the Fair attracted over 60,000 attendees, generating on-site transactions exceeding USD 60 million (RMB 442 million) and project signings amounting to nearly USD 120 million (RMB 860 million).

With a total area of approximately 80,000 square meters, the Fair presented tens of thousands of agricultural exhibits across various categories, including fruits and vegetables, grains and oils, tea, coffee, livestock, aquatic products, agricultural materials, machinery, technology, cross-border e-commerce, and leisure agriculture. Hainan, as the host, brought many standout products, including finger lime, black sapote, South American white shrimp, Hainan snapper, Wenchang chicken, natural selenium-rich eggs, coffee, and tea, attracting widespread attention.

Hainan Grand Agriculture Co., Ltd., with its long-time commitment to growing tropical novelty fruits, introduced new varieties at the Fair every year. Over the past decade, the company has introduced more than 680 unique tropical fruit varieties globally, and has successfully cultivated 380 varieties, including yellow dragon fruit and white sapote.

The “2024 Hainan Agricultural Brand Development Report” was released during the event, highlighting Hainan’s remarkable achievements and promising future in agricultural branding in the past year, with “Hainan Fresh Produce” as the centerpiece.

In terms of technology empowering agriculture, a number of tech companies, including SZ DJI Technology Co., Ltd., have showcased new products, providing more smart agriculture services to a wide range of agricultural planting enterprises. Statistical data shows that DJI’s agricultural drones have performed operations over 2.5 billion mu/time this year, equivalent to covering 38% of China’s arable land. (1 mu = 667 ㎡)

Since its inception in 1998, the Fair has been successfully held for 26 years, becoming a hallmark event for China’s high-efficiency tropical agriculture. Serving as a vital platform for global agricultural exchanges and cooperation, the Fair highlights the global agricultural products and high-efficiency tropical agriculture of Hainan, facilitates economic and trade negotiations, and promotes investment opportunities among various countries.
Hashtag: #ChinaHainanInternationalTradeFair

The issuer is solely responsible for the content of this announcement.

Golden Triangle Magnate Awarded Medal for Contributions to Laos Security

Golden Triangle Magnate Awarded Medal for Contributions to Laos Security
Zhao Wei (on the left) receiving the award from Luang Namtha governor, Viengsavath Siphandone (photo credit: Golden Triangle Special Economic Zone)

Zhao Wei, a Chinese businessman and founder of the Hong Kong-registered Kings Romans Group, was awarded a Third-Class Development Medal on 6 December by Viengsavath Siphandone, the Governor of Luang Namtha. 

Hong Kong Residential Prices and Volume to Pick Up in 2025, Student Accommodation Takes the Spotlight in City’s Capital Market

New supply to weigh on office sector rental levels, while core retail high street rents continue to recover

  • Grade A office year-to-date (YTD) net absorption as at mid-November recorded 1 million sq ft, with overall rents down by 5.9% in the same period. Rents are forecast to experience further downwards pressure in the 7%–9% range in 2025.
  • Prime retail high street store leasing momentum slightly picked up in 2024, with core high street rents rising by 3%–7%. The retail rental level is expected to further increase by 3%–5% in 2025.
  • Driven by the rate cut and relaxation of loan-to-value (LTV) ratio, residential market sentiment has improved, and transaction volume is forecast reach 53,800 cases in 2024. If rate cuts continue in 2025, housing prices and transaction volume are expected to rise by 5% and 3%–5%, respectively.
  • Capital market sentiment remains cautious with YTD transaction volume of non-residential big-ticket deals recording just HK$28.5 billion as at December 6. The student housing sector is expected to remain as investors’ key focus in 2025.

HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets 2024 Review and 2025 Outlook press conference. With the U.S. Federal Reserve initiating an interest rate easing cycle, coupled with the relaxation of the LTV ratio for residential properties, as stated in the Hong Kong government’s Policy Address, residential market sentiment has improved. Demand for rental housing assets has also increased, and with the government expanding the non-local student ratio, student accommodation has become a key focus in the city’s capital market. In the Grade A office sector, despite positive net absorption for five consecutive quarters, the high availability rate has kept overall rents in a downward cycle. As for the retail market, active new lettings in prime streets have reduced vacancy rates across core districts. Amid the revival of the “multiple entry” Individual Visit Schemes (IVS), we expect core high street rents to continue to recover in 2025.

Grade A office leasing market: YTD net absorption reached more than 1 million sq ft, the highest since 2019

In Q4 2024, as at mid-November, Grade A office net absorption slowed to 46,000 sq ft, but still representing the fifth consecutive quarter of positive net absorption, bringing YTD net absorption to more than 1 million sq ft, the highest level since 2019. As no major new office projects completed during the quarter, the overall availability rate edged down to 19.2%, marking the second consecutive quarter of decline. New lettings in Q4 were mainly driven by the Banking & Finance sector, accounting for about 33% of total leased area. However, demand from the education sector rose notably to 12% of total leased area, with examples such as the Hong Kong University of Science and Technology and the University of Hong Kong committing to more than 10,000 sq ft of office space in Manulife Financial Centre and Kingston International Centre in Kowloon East, respectively.

Grade A office rents continued to fall in Q4 2024 up to the end of November, by 2.1% q-o-q and 5.9% YTD (Chart 1), to record HK$45.1 per sq ft per month. However, supported by demand from insurance companies, rents in Tsim Sha Tsui fell by just 2.3% YTD, outperforming the overall market average.

Chart 1: Rents of Grade A offices in Hong Kong
Source: Cushman & Wakefield Research

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, said, “The Hong Kong Grade A office market recorded net absorption of 1 million sq ft as at mid-November 2024, while the availability rate has declined for two consecutive quarters, suggesting market sentiment is somewhat improving. Looking ahead in the short-to-medium term, leasing market sentiment in the Grade A office sector will still depend on the overall economic recovery and the performance of the local IPO and stock markets, which could support leasing demand from related and downstream industries. However, as total Grade A office supply is expected to reach 3.5 million sq ft next year, the availability rate is expected to stand at above 20%, and overall Grade A office rents will continue to decline by 7%–9% in 2025.”

Retail leasing market: New leasing activities underpinned the recovery of high street rents, while Causeway Bay witnessed zero vacancy
The change in consumption patterns of tourists and local residents continued to affect the Hong Kong retail market. For the January to October 2024 period, total retail sales in the city recorded HK$312.3 billion, a y-o-y drop of 7.1%. Among the major retail categories, only Medicines and Cosmetics witnessed an increase in sales at 5.7% y-o-y, while sales in the Jewellery & Watches and Fashion & Accessories sectors, formerly very popular with tourists, fell by 15.5% and 10.6% y-o-y, respectively. This indicates a structural change in the consumption habits of tourists and local residents following city’s post-pandemic border reopening.

In Q4 2024, the overall retail high street vacancy rate among core districts fell to 7.6%, as the market continued to see leasing activity from both local and Chinese mainland brands. Across the key submarkets, Causeway Bay recorded a vacancy rate of 0%, for the first time since 2019, suggesting brands are willing to return to the traditional tourist-oriented districts amid the significant rental correction. Vacancy levels in Central, Tsimshatsui and Mongkok remained stable q-o-q, staying at 8.6%, 9.4% and 8.4%, respectively.

With the accelerating leasing momentum, high street retail rents across districts continued to rise steadily in Q4, recording a q-o-q increase ranging from 0.6% to 1.3% (Chart 2), bringing the y-o-y increase to 3% to 7%, with Central and Tsimshatsui both registering a more notable y-o-y increase of 6.7%. Meanwhile, F&B rents dropped in a range of 0.7% to 2.0% q-o-q across districts, due to the increasing operating costs and the northbound travel of Hong Kong consumers.

Chart 2: High street retail rents in prime districts in Hong Kong
Source: Cushman & Wakefield Research

John Siu added, “Throughout 2024, although the number of visitor arrivals continued to recover, the overall retail sentiment in the city has not been able to sustain the growth momentum from last year. In the face of the change in tourists’ and local residents’ consumption patterns, retailers are generally undergoing an adjustment period. While high street leasing activity in core districts has become more active, retailers have remained cautious with their expansion strategies, given the uncertainty surrounding the changing spending habits of consumers. We believe leasing demand in the coming year will mainly be driven by Chinese mainland brands who view Hong Kong as a key stepping stone to promote their brands on the international stage, gradually absorbing vacant space on high streets. Looking ahead to 2025, we believe the series of economic and consumption stimulus measures launched by the Central government will continue to benefit the Hong Kong retail market, including the recent resumption of “multiple-entry” Individual Visit Schemes (IVS) for Shenzhen residents. Coupled with the gradual easing of the strong Hong Kong dollar, we expect total retail sales in Q1 2025 to increase by 3% to 5% y-o-y, with high street retail rents across core districts recording single-digit growth of 3%–5% throughout 2025.”

Residential market: Q4 transactions improved amid rate cut, 2025 home prices to see 5% upside

Hong Kong residential market sentiment improved in Q4, with more investors and potential buyers entering the housing market again, supported by the U.S. interest rate cut in November as well as the relaxation of the LTV ratio announced by the Hong Kong government in the 2024 Policy Address. We forecast that residential transactions in Q4 2024 will reach approximately 15,800 units, up 54% q-o-q and 108% y-o-y from the previous low base, bringing the full-year 2024 annual transaction volume to 53,800 units, climbing 25% from last year’s low (Chart 3). Following the U.S. Federal Reserve’s commencement of the interest rate easing cycle, developers have been actively launching new projects, in turn competing with purchasing power in the secondary market. From January to October, primary market transactions accounted for about 32% of total residential transactions.

Chart 3: Number of residential sale & purchase agreements
Source: Land Registry, Cushman & Wakefield Research

Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield, commented, “Rating and Valuation Department data shows that the housing price index stemmed the prior five months’ drop in October, with the index edging up by 0.6% m-o-m, narrowing the cumulative drop in the first ten months of the year to 6.8%. Meanwhile, our C

Cushman & Wakefield mid-and-small size units price index strengthened slightly by 1% in Q4, as at December 6. Home prices in popular estates across segment also rose. Prices at City One Shatin, representing the small-sized market, rebounded by 13.5% q-o-q. Prices at Taikoo Shing, representing the middle-sized market, increased by 0.7% q-o-q, while Residence Bel-Air in the luxury market moved up by 0.5% q-o-q.”

Rosanna Tang, Executive Director, Head of Research, Hong Kong, Cushman & Wakefield, added, “The U.S. Federal Reserve has cut interest rates twice since September this year, with major banks in Hong Kong following suit. This has prompted some potential buyers to reassess and compare the performance of banks’ deposit rates versus residential rental yields. In fact, our inquiry volume index in November has risen by around 18% from August’s low following the rate cuts, suggesting that the market generally believes that interest rates have peaked, thereby supporting the return of certain capital allocations to the residential market. Looking ahead to 2025, if interest rates continue to stay on a downward trend, and the stock market remains stable, we expect residential transaction volume will increase by 5%–8% to a level of 56,000–58,000 units, supporting an overall price rebound in the range of 5%.”

Non-residential investment market (deals exceeding HK$100 million): Capital market muted by high interest rates in 2024, rental housing emerging as the market highlight

Amid the high interest rate environment, bank have tightened approvals on commercial mortgage loans. Coupled with a lack of high-yield assets in the market, this shackled overall investment activity which remained sluggish through 2024. For the year to date, the non-residential investment market for deals exceeding HK$100 million has recorded 65 transactions as at December 6, with total transaction volume recording HK$28.5 billion, a drop of 41% y-o-y (Chart 4). In face of the liquidity challenges and heavy interest expenses amid the high interest rate environment, landlords are more willing to offer price discounts on property disposals, thus leading to further correction of property prices and the average deal size. At the same time, this situation has provided windows for cash-rich investors and end-users to bottom-fish. In 2H 2024, local capital accounted for nearly half of total transaction volume by consideration, while Chinese and foreign capital accounted for 34% and 17%, respectively.

Chart 4: Annual non-residential investment transactions (2015-2024*)
Source: Cushman & Wakefield Research

Tom Ko, Executive Director and Head of Capital Markets, Hong Kong, Cushman & Wakefield,

concluded, “In 2024, the office sector accounted for 43% of the total transaction number, the highest across all sectors. This was chiefly due to the significant reduction in asking prices for the asset class, thus attracting end-users acquiring assets for saving future rental expenses. Some investors are also eyeing the capital appreciation potential of new Grade A offices. Meanwhile, the retail sector accounted for around one-third of the total transaction number, with a few transactions of neighborhood malls with relatively stable rental income and shops at prime locations recorded. It is worth noting that in 2024, there were a total of nine hotel and rental housing-related transactions, at around 14% of the total number of deals this year, up from 5% in 2023. Following the renewed influx of expat talent and non-local students, demand for co-living properties, multifamily assets, and student accommodation has continued to rise. Furthermore, the latest Hong Kong Policy Address encourages the private sector to convert hotels and commercial buildings into student housing, and we believe this sector will continue to be sought-after in the coming year, particularly for those assets in prime locations with conversion potential. Looking ahead, despite the rate cut in September 2024, commercial mortgage rates are still higher than the property yields for most commercial sectors. We expect total investment volume to pick up by around 10% to HK$ 30billion in 2025.”

Please click here to download photos and presentation deck.

(From left to right) Tom Ko, Executive Director and Head of Capital Markets, Hong Kong, Cushman & Wakefield; John Siu, Managing Director, Head of Project and Occupier Services, Hong Kong, Cushman & Wakefield; Rosanna Tang, Executive Director, Head of Research, Hong Kong, Cushman & Wakefield and Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield.
Hashtag: #cushman&wakefield

The issuer is solely responsible for the content of this announcement.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit or follow us on LinkedIn ().

Laos to Enhance Truck Weighing Stations to Prevent Road Damage

Laos to Enhance Truck Weighing Stations to Prevent Road Damage
A bad road in Sikhottabong district, Vientiane Capital (photo credit: Lao Phatthana News)

On 26 November, Ngampasong Muangmani, Minister of Public Works and Transport, addressed concerns about road damage caused by overloaded trucks while highlighting efforts to manage vehicle weight and protect the country’s infrastructure.  

Campaign launched to raise awareness for EU organic food in Hong Kong, showcasing sustainable farming and processing


HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – As Hong Kong consumers increasingly prioritize health and sustainable lifestyles, EU organic food, with its strict production standards and exceptional quality, is gradually becoming a favoured choice in the Hong Kong market. To further raise awareness for EU organic food and the sustainable agricultural concepts behind it, the three-year project “European Organic: Nurturing Nature, Nourishing You,” supported by the EU, successfully held a trade workshop on November 4, 2024, at the Nature Discovery Park at K11 Musea in Hong Kong. At this event, professionals from the food sector in Hong Kong were invited to learn more about the high quality standards and wide product range that EU organic stands for.

Steffen Reese, CEO of Naturland explained the standards of EU organic products and consumer awareness.
Steffen Reese, CEO of Naturland explained the standards of EU organic products and consumer awareness.
Marco Schlüter, Head of Strategy & International Affairs at Naturland, elaborated the philosophy of organic.
Marco Schlüter, Head of Strategy & International Affairs at Naturland, elaborated the philosophy of organic.

The Green Commitment of EU Standards: Why Choose EU Organic?

EU organic food not only surpasses conventional agricultural products in quality, but its core advantage lies in strict production and certification standards. EU organic agriculture adheres to sustainable development principles, avoiding chemical pesticides and synthetic fertilizers while maintaining soil health and biodiversity through natural methods. This green production approach not only helps combat climate change but also creates a healthy habitat for wildlife.

By avoiding synthetic fertilizers and maintaining healthy soil, EU organic agriculture contributes significantly to reducing carbon emissions. Choosing EU organic food helps Chinese consumers enjoy safe and healthy products while supporting global climate protection and sustainable development efforts.

Dual Assurance of Environment and Quality: The Rigorous Certification of EU Organic Food

The certification of EU organic food covers all areas, including crop production, horticulture, livestock farming, and aquaculture. All certified EU organic foods must comply with the EU’s strict organic agriculture regulations, ensuring they meet organic standards throughout the production, processing, and trading stages. EU organic agriculture prohibits the use of genetically modified organisms and chemical pesticides, controlling pests through natural methods. These strict regulations ensure that EU organic food is not only safe and reliable but also positively impacts the environment and biodiversity.

The EU Organic Label and Naturland Certification: A Transparent Trust System

The EU organic label, known as the “European Leaf” logo, symbolizes the EU’s commitment to nature and sustainable development. Products bearing this label must contain at least 95% organic agricultural ingredients and fully comply with EU organic production standards. Each product is subject to annual inspections by independent third-party organizations, ensuring transparency in its production, processing, and sales processes. This certification system provides consumers with a trustworthy guarantee regarding the source of the products.

Guests got a chance to enjoy some EU organic canapes during the event.
Guests got a chance to enjoy some EU organic canapes during the event.

The organizer of this event is Naturland, an international organic farmers’ association and a strong advocate of global organic agriculture. While its certification standards align with EU organic agriculture regulations, Naturland has also developed a range of additional standards for organic production and processing. On top of adhering to EU organic requirements, Naturland certified farms also have to follow Naturland’s social standards to ensure safe working conditions and fair wages. Further unique Naturland requirements include the protection of valuable ecosystems, water management guidelines, and additional animal welfare standards to ensure that all livestock is raised as stress-free as possible.

Three-Year Plan: A Green Bridge Connecting the EU and Hong Kong Markets

During the launch of the communication campaign, Hong Kong stakeholders of the organic food sector mingled and exchanged ideas about the unique charm of EU organic food and drinks. The event not only reinforced the concept of EU organic food and drinks but also conveyed the environmental protection concepts behind organic products.

Steffen Reese, CEO of Naturland exchanged ideas about the EU organic foods with the HK food sectors representatives during the event.
Steffen Reese, CEO of Naturland exchanged ideas about the EU organic foods with the HK food sectors representatives during the event.

As demand for organic food and drinks in the Hong Kong market continues to grow, the EU will persist in promoting high-quality EU organic food to Hong Kong consumers through the “European Organic: Nurturing Nature, Nourishing You” project. Over the next three years, the EU will continually strengthen its cooperation with the Hong Kong market, utilizing both online and offline platforms, collaborating with local partners, and enabling more consumers to choose green, healthy, and sustainable organic food, enjoying the nourishment of nature from Europe.

Prof. Wong Woon Chung Jonathan demonstrated the unique characteristics of Hong Kong organic food market.
Prof. Wong Woon Chung Jonathan demonstrated the unique characteristics of Hong Kong organic food market.

The successful holding of this campaign launch not only showcased the exceptional advantages of EU organic food in sustainable development but also marked a significant step towards increasing the profile of EU organic food in Hong Kong, laying a foundation for long-term cooperation in green agriculture and opening a new chapter.

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The content of this promotion campaign represents the views of the author only and his/her sole responsibility.

The European commission and the European Research Executive Agency (REA) do not accept any responsibility for any use that may be made of the information it contains.
Hashtag: #EnjoyItsFromEurope #EUAgriPromo #EuropeanOrganic #EUOrganic #NurturingNatureNourishingYou #HealthyLiving #SustainableChoices

The issuer is solely responsible for the content of this announcement.

Luang Prabang Celebrates 29 Years as UNESCO World Heritage Site

Luang Prabang Celebrates 29 Years as UNESCO World Heritage Site
Women carrying baskets walk past a pagoda at dawn in Luang Prabang. (photo credit: AFP_

Today, 9 December, marks the 29th anniversary of Luang Prabang’s designation as a UNESCO World Heritage Site. Officially recognized on the same day in 1995, the city has become a symbol of cultural and architectural preservation in Laos.

Zero Fintech Group Partners with Standard Chartered Bank (Hong Kong) Limited to Enhance A.I. Financing Solutions for X Wallet with HKD800 Million Funding Limit


HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – Zero Fintech Group (00093.HK) is thrilled to announce a strategic financing deal with Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered”) (02888.HK) to enhance A.I. financing solutions for X Wallet. In 2024, registered users of the X Wallet App have seen an impressive uplift of 209% year-over-year, with monthly active users growing by 224%. This collaboration includes a funding limit of up to HKD800 Million from Standard Chartered to support the Group’s asset and business growth.

Zero Fintech Group Partners with Standard Chartered Bank (Hong Kong) Limited to Enhance A.I. Financing Solutions for X Wallet with HKD800 Million Funding Limit

This partnership is a pivotal move for Zero Fintech Group as it seeks to leverage proprietary A.I. technology of X Wallet to drive efficiency and innovation within the financial sector. With Standard Chartered’s funding support, X Wallet will enhance its capabilities to provide users with streamlined, cost-effective financial solutions tailored to their needs.

Carlos Chau, Executive Director at Zero Fintech Group, said, “We are excited to join forces with Standard Chartered to elevate X Wallet’s offerings. This funding support not only fuels our technological advancements but also allows us to focus on building a robust financial ecosystem that prioritizes cost efficiency and user-centric solutions.”

The funding support by Standard Chartered will also facilitate the creation of a comprehensive financial ecosystem in X Wallet, integrating various Fintech services to provide users with seamless access to a wide range of financial products from lending to payment. This holistic approach aims to redefine customer experience and empower users in their financial journeys.
Hashtag: #ZeroFintechGroup

The issuer is solely responsible for the content of this announcement.

About X Wallet

X Wallet is a cutting-edge Fintech mobile app, developed by Zero Fintech Group in 2018. As the first AI-powered digital lending app in Hong Kong, X Wallet combines advanced lending features with a seamless Buy Now, Pay Later payment solution.

Its flagship product, X Cash.AI, delivers a fully automated lending experience, approving loans within 5 seconds without any need for human intervention. This breakthrough innovation redefines traditional lending and payment methods, offering users a faster and more efficient financial experience.

SUNeVision Launches the Second Year Startup Programme

Committed to Empowering Startups and Advancing a Vibrant I&T Ecosystem in Hong Kong


HONG KONG SAR – Media OutReach Newswire – 9 December 2024 – SUNeVision Holdings Ltd. (“SUNeVision”, SEHK: 1686), the number one data centre provider in Hong Kong, is pleased to announce the continuation of its Startup Programme for the second consecutive year. This ongoing initiative aims to accelerate the growth of local startups and enhance the thriving I&T ecosystem within Hong Kong’s digital economy. The programme is designed to empower startups at every stage to innovate and scale, helping them navigate through the development journey.

SUNeVision Startup Programme is open for applications now until 4 February 2025 and will support 10 candidates in each cohort.
SUNeVision Startup Programme is open for applications now until 4 February 2025 and will support 10 candidates in each cohort.

In the Global Startup Ecosystem Report 2024[1], Hong Kong was ranked first in Asia among the world’s top 100 emerging ecosystems. With the ever-growing startup landscape in Hong Kong, SUNeVision has bolstered its support for the second cohort of the startup programme, driven by the steadfast commitment to fostering the startup ecosystem. The second year of the programme will provide startups with a combination of technological resources and mentorship support to turbocharge the development of innovative solutions. Startups will have the opportunity to harness SUNeVision’s AI-ready infrastructure and exceptional interconnection ecosystem, along with a robust array of cutting-edge technologies provided by the programme partners.

The programme is inviting online applications from local startup companies showcasing expertise in technology-related sectors like Artificial Intelligence, Biotechnology, FinTech, and Smart City. The programme welcomes mission-driven startups that integrate AI-related technologies into their solutions. Applicants should have a vision to grow their businesses in Hong Kong and the Greater Bay Area, thereby contributing to the development of Hong Kong as an international innovation and technology (I&T) hub. The programme is open for applications until 4 February 2025 and will support 10 candidates in each cohort.

Successful applicants will receive comprehensive support with up to HK$160,000 SUNeVision Points, which can be redeemed for technological solutions and mentorship support from SUNeVision and the programme partners. SUNeVision enables startups to host their infrastructure on its hyperscale data centre, providing the essential power and space to run data-intensive AI applications. Winners will gain exclusive access to a diverse ecosystem of over 300 providers across telecommunications, hyperscale cloud, ISP, CDN, OTT, and other business entities. The programme’s strategic partners will offer wide-ranging solutions support, including syndicate technology infrastructure from Angelflow; internet and managed hosting from Dataplugs; omnichannel and business workflow from Finda Cloud; cybersecurity and website protection from Nexusguard; authentic Cantonese language solutions from Votee AI, and business development tools and virtual sales from WeExpand.

Elisha Tong, Director of Commercial at SUNeVision said, “We are thrilled to launch the second year of SUNeVision’s Startup Programme, as we remain dedicated to accelerating high-potential startups in the city. This initiative underscores our commitment to supporting the HKSAR Government’s vision to develop Hong Kong into an international hub for innovation and technology. This year, we anticipate more AI startups to participate in the programme, with our hyperscale infrastructure primed to empower these startups in developing innovative solutions. Together with our partners, we strive to build a dynamic platform that fosters the growth of the startup ecosystem and advances the digital economy.”

Source
[1] Global Startup Ecosystem Report 2024

To learn more about SUNeVision Startup Programme, please visit our website.

Hashtag: #SUNeVision

The issuer is solely responsible for the content of this announcement.

About SUNeVision

SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.

SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. The addition of cable landing stations HKIS-1 and HKIS-2 to our data centre portfolio will provide a one-stop-solution to cable owners and users, strengthening our position as the leading connectivity hub in Asia. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.

For more information, please visit SUNeVision’s , or .