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AIP Capital and Monroe Capital Announce Closing of Inaugural $643 Million Aircraft Asset-Backed Securitization

DUBLIN and STAMFORD, Conn. and NEW YORK, July 18, 2026 /PRNewswire/ — AIP Capital (“AIP”), an alternative investment manager focused on opportunities in asset-based finance and Monroe Capital LLC (“Monroe”), a premier asset management firm specializing in private credit markets and asset-based finance, recently closed an inaugural aircraft asset-backed securitization (ABS) financing, MC Aviation 2026-1 (MCAV 2026-1) as part of AIP and Monroe’s aircraft leasing joint venture.

“We are pleased by the strong investor interest in this transaction, which we believe speaks to confidence in AIP’s expertise and capabilities in the aircraft leasing sector and our strategic partnership with Monroe Capital,” said Jared Ailstock, Managing Partner of AIP. “The transaction is foundational to the investment program we’ve developed with Monroe and look forward to becoming a long-term programmatic issuer in the aircraft ABS market.”

“The successful closing of MCAV 2026-1 marks an important milestone for Monroe’s Alternative Credit Solutions platform and reflects the strength of our asset-backed finance capabilities. We are grateful for the support of our investors and financing partners and look forward to continuing to build upon the foundation established through this transaction,” said Aaron Peck, Managing Director & Co-Head of Alternative Credit Solutions at Monroe.

“This transaction reflects the quality of the portfolio assembled through our partnership with AIP and our disciplined approach to aviation investing,” said Aaron Levy, Managing Director, Alternative Credit Solutions at Monroe. “We believe commercial aviation continues to offer compelling investment opportunities supported by strong asset fundamentals, favorable supply-demand dynamics, and the continued growth of global air travel. The successful execution of this inaugural securitization highlights the strength of the platform.”

MCAV 2026-1 totals $643 million of asset-backed debt and will be used to finance a diversified portfolio of 18 commercial passenger aircraft on operating leases with 12 different lessees across 10 different jurisdictions. The aircraft in the portfolio have a weighted average age of 5.6 years and a remaining lease term of approximately 6.9 years. 71% of the portfolio is comprised of next-generation aircraft and 81% narrowbody aircraft, with only one widebody aircraft in the portfolio which is next-generation aircraft under one year old.

MCAV 2026-1 comprises three tranches: $547.0 million of Class A notes with a fixed coupon of 5.82% yielding 5.896%, $66.5 million of Class B notes with a fixed coupon of 6.60% yielding 6.696% and $29.6 million Class C notes which were retained by the issuer. The Class A notes to be issued have an initial loan-to-maintenance adjusted base value (LTV) of 74%, the Class B notes to be issued have an initial LTV of 83%, and the Class C notes to be issued have an initial LTV of 87%.

The Class A notes will be rated A, the Class B notes will be rated BBB and the Class C notes will be rated BB by DBRS Morningstar and Kroll Bond Rating Agency. Additionally, the Class A notes will be rated A2 by Moody’s Investors Service.

AIP Capital will act as servicer for the transaction. Deutsche Bank Securities, BNP Paribas and Fifth Third Securities will act as Co-Structuring Agents and Joint Lead Bookrunners, Citigroup as Joint Lead Bookrunner, Natixis and BMO Capital markets as bookrunners and KeyBanc Capital Markets as Co-Manager. Natixis acted as liquidity facility provider and UMB Bank, N.A. as trustee, security trustee and operating bank. Pivotal Corporate AMS Limited is the managing agent. Milbank LLP and Walkers (Cayman) LLP and Walkers (Ireland) LLP provided legal counsel to MC Aviation. Gibson Dunn acted as counsel to the bookrunners.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any jurisdiction and may be offered or sold only in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The Notes were offered and sold only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there by any sale of the Notes in any state or other jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

Forward Looking Statements

This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About AIP Capital
AIP Capital (AIP) is a global alternative investment manager focused on opportunities in asset-based finance including aviation and equipment finance. AIP, together with its affiliates, manages approximately $7.1 billion of assets on behalf of a diversified global investor base. The AIP team is comprised of more than 70 experienced professionals across AIP’s offices in Stamford, New York City, Dublin, and Singapore.

For more information about AIP Capital or to speak with company executives, please contact investor.relations@aipcapital.com.

About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 13 locations throughout the United States, Asia, Australia, Europe, and Middle East.

Monroe has been recognized by both its peers and investors with various awards including GrowthCap Advisory’s 2025 Top Private Credit Firm List; Inc.’s 2025 Founder-Friendly Investors List; DealCatalyst as the 2025 Most Innovative Private Credit CLO Manager and Boutique Private Credit CLO Manager of the Year; Private Debt Investor as the 2025 CLO Manager of the Year, Americas; Global M&A Network as the 2025 Lower Mid-Markets Lender of the Year, U.S.A; Korean Economic Daily as the 2025 Best Asset Manager of the Year, Private Debt Mid-Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

Media Contacts

AIP Capital
Geoffrey Bayers
investor.relations@aipcapital.com

 

INTRODUCING THE BREMONT SUPERNOVA HAWKING LIMITED EDITION

HENLEY-ON-THAMES, England, July 17, 2026 /PRNewswire/ — Bremont is proud to announce the launch of the Supernova Hawking, the second collaboration by Bremont created in celebration of the life and work of Professor Stephen Hawking, and the first Wayfinder Hawking design within the brand’s contemporary, space-inspired Supernova collection.

The Bremont Supernova Hawking Chronograph
The Bremont Supernova Hawking Chronograph

Originally created in 2020, Bremont’s first Stephen Hawking limited edition collection became one of the brand’s most iconic and celebrated historic sets of limited-edition models —an enduring tribute to one of the greatest scientific minds of our time. As Bremont embarks on a bold new chapter with the launch of the Supernova collection, it felt both natural and timely to revisit its partnership with the Hawking family, whose legacy continues to inspire curiosity, discovery and a deeper understanding of the universe.

Tim Hawking, Professor Hawking’s son, said: “This magnificent timepiece is a fitting celebration of my father and his work. He spent a huge part of his scientific and literary career exploring the mysteries of black holes and their role in shaping our understanding of the universe. His fascination with discovery and exploration led him to tackle some of science’s biggest questions, challenging long-held assumptions about space, time and the nature of black holes themselves. His groundbreaking ideas opened up entirely new ways of thinking about the cosmos and continue to inspire scientists and explorers around the world today.”

Space has always represented the ultimate expression of human ambition—where knowledge is tested against the unknown. For decades, Professor Stephen Hawking expanded those boundaries, redefining our understanding of black holes and revealing that even the darkest phenomena in the universe are not silent, but alive with energy and complexity.

His pioneering work spanning cosmology, space and time – is most closely associated with his groundbreaking research into black holes. Through his theory of ‘Hawking radiation’, he demonstrated that black holes are dynamic systems that emit energy, possess temperature and evolve over time. This profound insight transformed modern physics as we know it today.

The spirit of limitless exploration is deeply aligned with Bremont. Built on engineering resilience, precision and endurance, the brand has long created tool watches for those who push beyond boundaries—from the depths of the ocean to the edge of space. The Supernova Hawking continues that legacy: a watch informed by discovery, designed with purpose and built to endure in the most demanding environments.

Davide Cerrato, Bremont CEO comments: “Stephen Hawking reshaped our understanding of the universe, bringing the mysteries of space, time and of black holes into sharp focus. We are once again honoured to commemorate his life and achievements with an iconic timepiece – a contemporary tribute that reflects the ongoing influence of his work. Inspired by his pioneering insights into the

behaviour of black holes, this creation embodies both their complexity and their quiet power. More than a measure of time, it is a tribute to human curiosity and the enduring pursuit of knowledge.”

THE SUPERNOVA HAWKING

First introduced in April 2026, the Supernova collection represents a significant evolution in Bremont’s product design and engineering. Positioned at the pinnacle of the brand’s collection architecture, the line is defined by its futuristic aesthetic, advanced materials and uncompromising construction, inspired by the forms and structures of modern space technology.

At its core sits the Supernova Chronograph—a contemporary integrated bracelet sports watch crafted from 904L stainless steel. With its angular geometry, architectural case design and emphasis on technical execution, the collection draws inspiration from spacecraft, space stations and the engineering challenges of space exploration.

The Supernova Hawking extends this design language into a deeply symbolic tribute. Crafted in 41mm ultra black DLC-treated 904L steel, the watch features a striking, multi-layered construction and a highly technical, geometric aesthetic informed by both space engineering and Hawking’s work on black holes.

Its intricate dial design takes cues from spacecraft solar arrays, featuring an interlocking, galvanic black grid design with triangular pathways drawing the eye inward. Meteorite sub-dials at 3 and 9 o’clock reinforce its connection to deep space, while at 6 o’clock, Stephen Hawking’s name appears alongside his black hole temperature equation a tribute to Hawking’s pioneering exploration of one of the universe’s greatest mysteries. Triangular applied indexes filled with white Super-LumiNova® (blue emission) and rhomboidal black gold hands ensure exceptional legibility, while maintaining the bold, geometric design language.

The design is further distinguished by a multi-faceted decahedral black ceramic bezel, angular case architecture and a complex sandwich-style construction that echoes Bremont’s signature Trip-Tick case design. Faceted ultra black tones and layered surfaces evoke the depth and mystery of black holes, reinforcing the watch’s conceptual foundation. Powering the watch is the chronometer-rated BC77 movement, offering refined finishing and a 62-hour power reserve.

Turning the watch over reveals a striking exhibition case back, featuring a swirling black hole motif through which the decorated rotor and movement can be viewed—an artistic interpretation of the very phenomena that inspired it.

The Supernova Hawking is available on either an integrated ultra black DLC 904L stainless steel bracelet or a black rubber strap, both equipped with quick-release mechanisms for seamless interchangeability. The integrated design creates a fluid transition from case to bracelet, reinforcing the watch’s streamlined, modern aesthetic.

A tribute to one of the most influential theoretical physicists in history, the Bremont Supernova Hawking is both a celebration of scientific discovery and a continuation of the brand’s pursuit of precision, endurance and exploration – honouring a legacy that forever changed how we understand the universe.

To download the press release and imagery please click here: https://portal.bremont.com/assetbank-bremont/action/viewHome?group=supernovahawking

Password: BlackHoles

 

 

Model wearing the Bremont Supernova Chronograph looking at an image of Stephen Hawking.
Model wearing the Bremont Supernova Chronograph looking at an image of Stephen Hawking.

Tec-Do Launches Navos 2.0 at WAIC, Advancing the Next Era of Agentic Commerce

SHANGHAI, July 17, 2026 /PRNewswire/ — Tec-Do, a global AI marketing technology company, today unveiled Navos 2.0 at the 2026 World Artificial Intelligence Conference (WAIC), introducing a next-generation AI agent designed to help enterprises accelerate international growth through coordinated multi-agent intelligence.


Building on the launch of Navos 1.0 at WAIC last year, Navos 2.0 represents a major leap forward. The product consolidates global marketing capabilities previously scattered across different models, tools, and workflows into a unified AI-native gateway. Centered around business objectives, enterprises can assemble specialized AI agents on demand and orchestrate them through collaborative Agentic Workflows that improve efficiency, scalability, and execution.

As organizations increasingly seek to embed AI into core business processes rather than isolated tasks, Navos 2.0 marks Tec-Do’s latest step toward Agentic Commerce — a future in which AI agents actively participate in how businesses operate, market, sell, and serve customers.

Bringing Global Growth Operations Into a Unified AI Workflow

At the core of Navos 2.0 is a multi-agent framework that enables businesses to coordinate specialized AI agents around specific objectives.

For e-commerce, gaming, and local-commerce companies, the product introduces several purpose-built agents, including an AI Product Selection Agent for identifying market opportunities, an AI Creative Agent for generating high-performing marketing assets, and an AI Influencer Agent for creator discovery and outreach.

Powered by Tec-Do’s proprietary marketing data assets, leading multimodal foundation models including Seedance 2.0, and a global creator network spanning more than 150 million influencers, these agents enable businesses to move seamlessly from opportunity discovery to content production and creator activation through a single coordinated workflow.

Tec-Do also introduced an AI Short-Drama Agent designed for the rapidly growing global entertainment and short-form content market. The agent integrates trend analysis, story ideation, script development, storyboard generation, and multilingual localization into a unified production pipeline, enabling content teams to bring creative concepts to market with greater speed and efficiency.

From Recommendations to Execution

A major enhancement in Navos 2.0 is the launch of its AI Desktop Assistant, which extends AI capabilities beyond planning and recommendation into operational execution.

With appropriate user authorization, the assistant can interact with web applications, process documents, and integrate with widely used workplace tools, including Lark and Microsoft Office applications such as Word, Excel, and PowerPoint. This enables AI agents not only to generate insights and recommendations, but also to perform tasks across systems and deliver completed results.

Foundation models provide the intelligence layer. Domain-specific models contribute industry expertise. Multi-agent systems transform that expertise into real productivity,” said Shuhao Li, Founder and CEO of Tec-Do. “Navos 2.0 moves AI beyond the chat interface and into real business workflows. By participating directly in execution and optimization, AI agents can help enterprises continuously improve performance and achieve stronger growth outcomes.”

Powered by a Proprietary Marketing-Specific Model

Underlying Navos 2.0 is Tec-Chi, Tec-Do’s proprietary multimodal large language model built specifically for marketing and international growth applications.

Trained on nearly a decade of global marketing expertise, proprietary industry datasets, and large-scale performance feedback, Tec-Chi’s reasoning model ranked No. 1 globally in the latest SuperCLUE-Mkt benchmark. Its reasoning, market-intelligence, and creative-generation capabilities achieved SOTA (state-of-the-art) performance across specialized marketing tasks.

These capabilities serve as the intelligence foundation of Navos 2.0, enabling more sophisticated analysis, planning, and execution across complex growth scenarios.

Building the Infrastructure for Agentic Commerce

Tec-Do has also expanded its strategic collaboration with OpenAI and serves as an official technology partner for ChatGPT Ads, further strengthening its position at the intersection of AI, advertising, and commerce.

The company views Navos 2.0 as a key component of a broader vision built around three interconnected layers:

Agentic Workflows, which reimagine how enterprises organize and execute work;

Agentic Ads, which connect brands with users through AI-native discovery and conversational experiences; and

Agentic Commerce, which enables intelligent interactions between enterprise agents and consumer agents.

As AI agents become increasingly embedded in both business operations and consumer decision-making, Tec-Do believes coordinated networks of specialized agents will define the next era of digital growth.

Through domain-specific AI models and multi-agent systems, the company aims to help enterprises unlock new growth opportunities, improve operational efficiency, and build stronger connections with customers worldwide.

About Tec-Do

Founded in 2017, Tec-Do is a leading AI martech company delivering result-centric marketing solutions for global business growth. Powered by Tec-Chi multi-modal large language models (MLLMs) and marketing multi-agent Navos, the company delivers end-to-end marketing solutions through a suite of AI-native, performance-driven products. These products restructure and autonomize mission-critical marketing processes — including market intelligence, content generation, campaign delivery, and performance optimization—across global media channels. In 2025, Tec-Do served over 100,000 advertisers, representing a diversified customer base that spans e-commerce, gaming, entertainment, and local commerce.

CONTACT:
Monica Guan
brand@tec-do.com

Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch

Rapid global adoption fuels fivefold valuation growth, taking total funding to $230 million as users build over 12 million applications on the platform

SAN FRANCISCO, Calif. and BANGALORE, India, July 17, 2026 /PRNewswire/ — Emergent, the fast-growing AI software creation platform that enables founders and business owners to build full-stack, production-ready web and mobile applications, today announced a $130 million Series C funding. The round was led by Creaegis, with MNI Ventures – Claypond Capital and Sentinel Global as co-lead investors, and participation from Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.

The latest round values Emergent at $1.5 billion, increasing its valuation fivefold in just four months and making it a unicorn in a year after its public launch. The milestone places Emergent among the fastest-scaling AI companies globally, driven by the rising adoption of AI-powered software creation among entrepreneurs, small businesses and non-technical builders.

Since launch, more than 12 million applications have been built on Emergent by users globally, including many entrepreneurs and small business owners with no technical background. The platform has seen particularly strong adoption across the United States and Europe, while rapidly expanding its presence in Southeast Asia, the Middle East, Australia, South America and the broader Americas.

Speaking on the funding announcement, Mukund Jha, Co-founder and CEO, Emergent said, “The real impact of the AI revolution will be a complete democratization of who gets to build what software, where they get to build it, and how much it costs. It’s about making software development accessible to the people closest to the problem, regardless of their technical knowledge. With a platform like Emergent, the people who have great ideas and deep domain expertise can now build and run the software their business needs to succeed at a fraction of the cost.”

Emergent is addressing one of the biggest barriers in technology creation: access to engineering talent. While businesses increasingly need custom software to operate and scale, traditional development remains expensive, time-intensive and dependent on specialized skills. Emergent changes this by allowing users to build CRMs, ERPs, marketplaces, mobile applications, internal tools, customer-facing products and operational systems through autonomous AI agents.

“We built Emergent for the non-technical entrepreneur and the small business owner, with 70% of our users having no prior coding experience,” Jha adds. “We give these users a new path beyond generic SaaS, slow and expensive dev shops, lightweight prototype tools, or waiting for technical talent to which they may never have access.”

“Small businesses today have a historic moment to build, automate, and operate using autonomous platforms and address their disadvantages in the previous era,” said Prakash Parthasarathy, Managing Partner, Creaegis. “Emergent is enabling every entrepreneur and business to embrace this change with production-grade software and automation.”

Emergent is building a future where software development moves closer to the people who understand the problem, the business, and the market. By removing technical barriers, the company aims to enable entrepreneurs, businesses and non-technical founders to create custom software faster and bring ideas to life without traditional limitations.

Emergent is available at http://emergent.ai 

About Emergent:

Emergent is the fast-growing AI software platform that enables founders and business owners to create full-stack, production-ready applications using autonomous AI agents. Emergent’s vision is to enable ambitious people to move at the speed of their thought — to build faster, go bigger, and be unblocked from technical limitations. Launched in 2025, Emergent is backed by Creaegis, MNI Ventures – Claypond Capital, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, Sentinel Global, Y Combinator, Prosus, Together, and Google’s AI Futures Fund. Its mission is to democratize who gets to build software and bring new ideas to life.

For media inquiries, please contact:
Moes Art | Naresh Bhandari, naresh@moes-art.com / + 91 9844467342

Pudu Robotics Highlights Its “One Brain, Multiple Embodiments” Physical Agent at WAIC 2026

SHANGHAI, July 17, 2026 /PRNewswire/ — Pudu Robotics, the global leader in commercial service robotics, today hosted its Pudu AI Technology Briefing on the opening day of the 2026 World Artificial Intelligence Conference (WAIC) in Shanghai. During the event, the company shared the latest progress of its “One Brain, Multiple Embodiments” technology architecture, offering an in-depth look at its Physical Agent architecture while presenting the PUDU D7, its industrial-grade semi-humanoid robot, in its first offline public showcase.

As Embodied AI moves from research to large-scale commercial deployment, the industry’s next challenge is no longer developing more capable AI models, but building a continuous loop that connects technology, products, commercial deployment, and real-world data. Ranked No. 1 globally in both revenue and shipment volume for commercial service robots, Pudu Robotics is leveraging its large-scale real-world deployment to accelerate the development of Physical AI.

Pudu Robotics at WAIC 2026
Pudu Robotics at WAIC 2026

Robots Are Bringing AI into the Physical World

Recent advances in large language models, multimodal foundation models, and AI agents have enabled AI to evolve from generating content to understanding increasingly complex tasks. As capabilities in perception, reasoning, planning, and execution continue to mature, AI is extending beyond digital environments into the physical world.

According to Frost & Sullivan’s 2025 Global Embodied Intelligence and Commercial Service Robot Independent Market Research Report, the rapid advancement of foundation models and AI agents is accelerating AI’s transition from content generation to real-world task execution. Equipped with perception, mobility, interaction, and manipulation capabilities, robots have become one of the most critical hardware platforms in the era of Physical AI.

The report highlights that commercial service robots covering delivery, cleaning, and guiding scenarios directly address industry pain points such as rising labor costs and operational inefficiencies, providing the practical foundation for immediate, large-scale commercial deployment.

One Brain, Multiple Embodiments: A Unified Platform for Robotics

As embodied AI advances toward commercialization, the industry faces several common challenges, including the availability of real-world data, engineering and manufacturing capabilities, sustainable commercial deployment, and global scalability. To address these challenges, Pudu Robotics continues to advance its “One Brain, Multiple Embodiments” technology philosophy, enabling different robot forms to share the same underlying intelligence through a unified model and software architecture.

“By building a unified intelligence foundation, we enable different robot forms to share the same ‘brain,’ allowing robotics to evolve from standalone intelligence to a platform-based intelligence ecosystem,” said Shawn Wu, General Manager of the General Embodied AI Product Line at Pudu Robotics.

Building a Three-Layer Architecture for Platform-Level Intelligence

Under this philosophy, Pudu has developed a three-layer Physical Agent architecture. Together, these layers enable robots to complete the full operational loop of perception, understanding, planning, execution, and feedback in real-world environments.

  • Robot Body Layer: Multiple Robot Forms for Different Tasks

The robot body layer serves as AI’s physical interface with the real world. Pudu continues to develop multiple product forms tailored to diverse scenario demands, including specialized, semi-humanoid, and humanoid robots. Different forms handle distinct tasks: specialized robots tackle high-frequency, highly standardized tasks; semi-humanoid robots operate in complex industrial and commercial environments; and humanoid robots explore open-ended human-robot collaboration.

  • System Layer: PuduAgent OS as the Intelligent Operating System

Serving as the central intelligence hub connecting models, skills, and robot bodies, Pudu introduced PuduAgent OS. Utilizing interactive Visual-Language-Models (VLM), long/short-term memory modules, and safety guardrails, it manages task comprehension, planning, experience accumulation, and safe operation. Its core value lies in allowing diverse robot forms to share the same “brain,” enabling cross-body and cross-scenario skill migration by reusing existing capabilities through a unified system.

  • Skill Layer: PuduFM Enables Robots to Understand and Act

The skill layer determines what robots are capable of doing in the physical world. Pudu’s embodied intelligence foundation model, PuduFM features a physical VLM module, a Physics Intuition Model (PIM), and action-expert modules to provide the robot with real-world understanding, reasoning, and execution capabilities. Unlike traditional robots that rely on pre-programmed rules, PuduFM aims to empower robots to understand environments, predict outcomes, autonomously plan tasks, execute actions, and continuously optimize based on feedback.

PUDU D7 Makes Its First Offline Appearance

As an important example of the “One Brain, Multiple Embodiments” philosophy, PUDU D7 made its first offline public appearance at WAIC 2026.

Powered by the PuduFM, PUDU D7 supports payloads of up to 14 kg and an operating height of 2 meters, enabling complex tasks such as material handling, high-reach picking, and warehouse logistics, making it highly adaptable for real-world applications across manufacturing, warehousing, and retail environments.

From service delivery and commercial cleaning to industrial delivery and general embodied AI, Pudu Robotics continues to expand both the range of robot forms and application scenarios supported by its unified intelligence platform, turning the vision of “One Brain, Multiple Embodiments” into practical deployments.

From Product Leadership to Platform Intelligence

According to Frost & Sullivan’s latest 2025 report, Pudu Robotics leads the global commercial service robotics industry in revenue and shipments, ranks first among Chinese commercial service robotics companies by overseas market share, and holds the top position globally in commercial cleaning robotics revenue.

As the robotics industry enters a new stage of development, Pudu Robotics is building on more than a decade of experience in commercial robotics to transform real-world operational data into continuously evolving embodied intelligence. The company is extending its expertise in technology, products, and commercialization into a unified AI platform that supports multiple robot forms.

About Pudu Robotics

Pudu Robotics, a global leader in the commercial service robotics sector, is dedicated to empowering easier work and better lives through AI and robotics, with a vision of building a global intelligent robotics infrastructure that serves 10 billion people worldwide.

Pudu Robotics has developed key core technologies and components, including robotic joint modules and motion controllers, and has filed more than 1,900 patent applications worldwide. Built on three core technologies—Embodied Navigation, Embodied Manipulation, and Embodied Interaction—Pudu Robotics has pioneered a “One Brain, Multiple Embodiments” architecture, establishing a comprehensive product portfolio that includes specialized, semi-humanoid, and humanoid robots.

Currently, Pudu offers four major product lines: service delivery, commercial cleaning, industrial delivery and general embodied AI. Its solutions are widely deployed across industries such as retail, hospitality, manufacturing, real estate and property services, healthcare, entertainment and sport, education, and public services.

To date, Pudu Robotics has shipped over 130,000 units globally, with a presence in more than 85 countries and regions.

TenPay Global Deepens Singapore Remittance Ecosystem Partnerships as Demand for Digital Transfers Grows

 Private screening of “Dear You” traces the evolution of remittance from traditional Qiaopi to digital transfers via Weixin

SINGAPORE, July 17, 2026 /PRNewswire/ — TenPay Global, Tencent’s cross-border payment platform, brought together remittance partners in Singapore, including DBS Bank, Panda Remit and Western Union, to discuss improvements to the cross-border remittance user experience and ways to strengthen collaboration across the partner ecosystem. The exchange was held on July 12 alongside a private screening of the film “Dear You.”

From left to right: Wenhui Yang, CEO of TenPay Global (Singapore); Brian Reaves, Country Director (Singapore, Malaysia, and Indonesia), Western Union; Diane Chang, Executive Director, Consumer Banking Group at DBS Bank; Marco Jin, Business Development Director, Panda Remit; Royal Chen, Vice President of Tencent Financial Technology
From left to right: Wenhui Yang, CEO of TenPay Global (Singapore); Brian Reaves, Country Director (Singapore, Malaysia, and Indonesia), Western Union; Diane Chang, Executive Director, Consumer Banking Group at DBS Bank; Marco Jin, Business Development Director, Panda Remit; Royal Chen, Vice President of Tencent Financial Technology

Taking the film’s theme of “Qiaopi” as its starting point, the event traced the evolution of cross-border remittance from the traditional practice of sending money and family letters together to today’s digital services. In the past, Qiaopi was both a remittance and a family letter, carrying not only financial support but also news and words of care between relatives separated by distance. Today, recipients can receive remittances through Weixin, the same app they use to message family and friends, making digital remittance a modern-day form of “Qiaopi.” Supported by digital technology and a global network of partners, funds sent home can now arrive in as little as one minute.

Ms P’ing Lim, Regional Head, Ecosystems & Cross Border Payments, Consumer Banking Group, DBS Bank, said: “Stories like Dear You remind us that while the way we send money has evolved, its purpose remains unchanged – to help people stay connected to the people and places that matter most. As a bank that has served generations of Singaporeans, we understand the important role that cross-border payments play in supporting families, businesses and everyday life across borders. Together with our partners including TenPay Global, we remain committed to building one of Asia’s most connected cross-border payments ecosystems, making it faster, simpler and more secure for customers to remit, pay and transact seamlessly across the region.”

Marco Jin, Business Development Director of Panda Remit, said: “Panda Remit has enjoyed a long-standing partnership with TenPay Global, becoming the first remittance partner to enable direct transfers into Weixin since 2021. Our partnership has consistently been at the forefront of innovation, with Panda Remit pioneering multiple first-to-market capabilities together with TenPay Global, including the launch of the Panda Remit Weixin Mini Program, delivering a seamless & secure remittance experience. We look forward to continuing to innovate together and bringing even greater value to users worldwide.”

Vince Tallent, Senior Vice President and Head of APAC, Western Union, said: “As customer expectations continue to evolve, the strategic partnership with TenPay Global reflects Western Union’s commitment to putting customers at the center of everything we do, bringing together our global cross-border money movement capabilities with the innovation and reach of the Weixin ecosystem. Since launching our co-branded flagship store in Singapore’s Chinatown in 2025, we have continued to enhance the remittance experience and create more seamless ways for customers to move money across borders and stay connected to the people and opportunities that matter most.”

Royal Chen, Vice President of Tencent Financial Technology, said: “Cross-border remittance moves funds, but more than that, it connects people through the everyday care they show one another. In the past, a single ‘Qiaopi’ could take months to complete its round trip. Today, technology enables 24/7 cross-border remittance, with funds arriving in as little as one minute, directly to Weixin — an experience as simple as sending a message.”

“TenPay Global’s cross-border remittance platform currently partners with more than 60 major international banks and remittance institutions, supporting remittances to China from over 150 countries and regions. TenPay Global will continue to collaborate closely with banks, remittance institutions and fintech partners to strengthen its cross-border remittance network, so users can securely send care and support to their families through a familiar and intuitive way,” he added.

Representatives from TenPay Global, DBS Bank, Panda Remit and Western Union, together with invited guests, at the Dear You private screening and exchange event in Singapore.
Representatives from TenPay Global, DBS Bank, Panda Remit and Western Union, together with invited guests, at the Dear You private screening and exchange event in Singapore.

From Qiaopi to digital remittance, the way people send money has changed, but the desire to stay connected with family remains the same. The event also formed part of TenPay Global’s ongoing efforts to strengthen collaboration with its Singapore partners and jointly engage and give back to user community. Many long-time cross-border remittance users also joined the event, sharing their own remittance stories and taking part in the on-site activities. At the event, an interactive “Words From Afar” corner invited guests to collect a commemorative “Ping An Pi,” or “letter of peace,” write a message to family and friends back home, and post it through an on-site mailbox. Guests could also use Weixin to scan a QR code and generate a personalized, AI-powered “digital Qiaopi,” providing an interactive way to experience how the remittance journey has evolved.


 


About TenPay Global

TenPay Global is Tencent’s cross-border payment platform, comprising a network of licensed financial institutions under Tencent. By connecting the Weixin ecosystem, global payment partners, and international users and scenarios, TenPay Global provides end-to-end payment solutions for cross-border remittances, consumption, and commerce. Backed by years of industry experience and a robust risk management framework, TenPay Global delivers world-class standards in system reliability, fund security, and regulatory compliance. Official Website: TenPay Global

BOE attends UNESCO Global Conference of the International Decade of Sciences for Sustainable Development in Paris

PARIS, July 17, 2026 /PRNewswire/ — The 2026 Global Conference of the International Decade of Sciences for Sustainable Development (IDSSD) is taking place from July 15 to 17 at UNESCO Headquarters in Paris. As the first Chinese technology company to be a strategic partner of the IDSSD, BOE not only provides technical support for the Conference but also participates in high-level roundtables and the STEM education side event. Notably, it has curated the “Open Next Earth” technology-themed exhibition. This marks a major step on its global journey as it deepens integration into the global science governance system, making China’s voice heard on the UN stage. During the conference, BOE also attended the awards ceremony for the African Edition of the Science Club Challenge 2026 and presented the gold award.

At the final plenary on July 16, BOE shared insights on how science can play a more pivotal role in the future. The company will elevate the role through three key transformations: from project delivery to capacity building, from technology provision to ecosystem development, and from one-off investment to long-term commitment. The goal is to bridge geographical divides via STEM education and create equitable innovation opportunities for youth worldwide. BOE also attended the parallel thematic session on STEM education on the same day, sharing practical experiences on key topics like the scaling of STEM education and the long-term value of tech industry engagement in STEM education. The session also saw the launch of the Global Engagement Network for Science (GENS), an initiative to connect science clubs across 56 countries to build inclusive, high-impact communities that support all young learners.

The “Open Next Earth” exhibition centered on BOE’s sustainability brand “ONE” showcases deep integration of cutting-edge display technology with global sustainable development. In the digital culture zone, with the aid of 8K restoration technology, the millennium-old Dunhuang mural The Nine-Colored Deer: Jataka of the Deer King is rendered in exquisite detail on a 110-inch 8K UHD display from BOE. Next to this, visitors can enjoy an immersive mixed reality experience inspired by the masterpiece Along the River During the Qingming Festival painted by the Ming dynasty artist Qiu Ying (c. 1494–1552). The green energy zone features BOE’s perovskite solar backpacks and foldable photovoltaic panels, demonstrating a low-carbon pathway to integrating green technology into everyday scenarios. The STEM education achievements zone presents the collaborative journey and key milestones since BOE’s partnership with UNESCO began in 2024, underscoring a leap from isolated empowerment efforts to ecosystem co-creation.

By integrating innovative technological capabilities with the global science governance system, BOE has established a replicable and scalable model of cooperation. This offers a China solution to the global STEM education ecosystem that combines strategic vision and practical implementation. BOE will continue working with UNESCO and global partners and leveraging display technology and digital innovation to expand and deepen inclusive STEM education and contribute more to global sustainable development.

BRICS Competition Authorities Establish Task Force to Study Global Grain Trade


GENEVA, SWITZERLAND – Media OutReach Newswire – 17 July 2026 – Competition authorities from BRICS countries have established a task force to conduct a joint sector inquiry into the global grain trade, marking a new step in cooperation on competition policy across international agricultural markets.

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The decision was announced during the discussion “Competition Development in Global Grain Trade: Joint Efforts of BRICS Countries”, organized by the BRICS Competition Law and Policy Centre on the sidelines of the 23rd Session of the UNCTAD Intergovernmental Group of Experts on Competition Law and Policy in Geneva.

The event included a closed meeting of BRICS competition authorities and a public panel featuring researchers, academics and representatives of international organizations.

Discussions focused on competition in global grain markets, the growing influence of financialization and digitalization across agricultural value chains, and policy tools to improve market transparency. Participants also reviewed the findings of a joint report prepared by the BRICS Competition Centre and UNCTAD (link: https://www.bricscompetition.org/ru/grainreport) , first presented at the 9th BRICS International Competition Conference in Cape Town in 2025.

A coordinated market study

The central outcome of the meeting was the establishment of a BRICS task force that will coordinate a joint sector inquiry into global grain trade within the framework of the BRICS Working Group on Food Markets.

The task force will be co-chaired by Diogo Thomson, President of Brazil’s Administrative Council for Economic Defense (CADE), and Mahmoud Momtaz, Chairperson of the Egyptian Competition Authority (ECA).

Thomson welcomed the initiative and proposed making competition in global grain trade a key topic at the next BRICS International Competition Conference, scheduled to take place in Brazil in 2027.

“Brazil is the only jurisdiction that has launched an investigation into digital grain trading platforms such as Covantis. I therefore strongly welcome this sector inquiry, which will help us better understand the impact of digitalization across grain supply chains and the risks it may create for competition. I also support using the BRICS Competition Centre as the coordination platform for this work,” he said.

Momtaz said one of the main conclusions of the BRICS-UNCTAD report was the significant role speculative activity plays in global grain markets.

“One of the key findings of the report presented by the BRICS Competition Centre is the extent to which speculative factors influence global grain trade. The most effective response is greater market transparency. We should not accept a situation where farmers receive only a small share of the value they create while consumers in Egypt pay excessively high prices for bread. Where does this margin accumulate, and who ultimately benefits from it? These are the questions our sector inquiry should answer,” he said.

He also proposed that the task force develop a common AI-powered price monitoring tool covering BRICS grain markets.

“Such a tool would provide the information needed for market analysis and become an important complement to the joint sector inquiry,” Momtaz added.

From analysis to policy recommendations

Hardin Ratshisusu, Deputy Commissioner of the Competition Commission of South Africa, said the study should contribute to the implementation of the BRICS Grain Exchange initiative endorsed by BRICS leaders in the Kazan Declaration (2024) and the Rio de Janeiro Declaration (2025).

“The proposal to establish a BRICS Grain Exchange should become one of the key recommendations of the sector inquiry as an innovative mechanism for restoring competition in global grain trade. Our objective is not merely to identify market problems but to develop practical recommendations that can ultimately be submitted to the leaders of our countries,” he said.

Alexey Ivanov, Director of the BRICS Competition Law and Policy Centre, said competition authorities should play a central role in designing the institutional framework of the future exchange.

“The BRICS Grain Exchange should not become another formal institution. It must serve as a practical mechanism for improving competition and market transparency. Competition authorities are uniquely positioned to identify the institutional features that will allow the exchange to achieve these objectives,” he said.

Growing international role

Frédéric Jenny, Chairmanof the OECD Competition Committee, said the initiative demonstrated the growing international role of BRICS competition authorities.

“This project illustrates how BRICS competition authorities are becoming drivers of the global competition agenda. In the past, they largely followed the lead of developed jurisdictions. That is no longer the case. There are very few examples worldwide of such close cooperation between competition authorities. This applies not only to joint market studies, but also to enforcement cooperation and competition advocacy. Rather than acting individually, you have found both the mechanisms and the political will to work together,” Jenny said.

The task force will now begin developing the methodology and work plan for the joint inquiry. Its findings are expected to provide policy recommendations aimed at strengthening competition, improving transparency in global grain trade, and supporting future BRICS initiatives in agricultural markets.

Hashtag: #BRICSCompetition

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