Home Blog Page 2446

XTransfer and SPD Bank Shanghai Branch Enter Strategic Partnership Agreement

Jointly Building a New Ecosystem for Cross‑Border Foreign Trade Finance


GUANGZHOU, CHINA – Media OutReach Newswire – 16 September 2025 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, announced the strategic partnership agreement with the SPD Bank Shanghai Branch during the “XTransfer TradeVision Summit 2025”. The partnership aims to enhance collaboration on key objectives, including local accounts, multi-currency settlement, and compliance risk control, to provide SMEs engaged in foreign trade with safer, more efficient, and more convenient global collection and cash management services, facilitating connections for businesses around the world.

Senior representatives from both sides attended the signing ceremony, including Bill Deng, XTransfer Founder and CEO and Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch.
Senior representatives from both sides attended the signing ceremony, including Bill Deng, XTransfer Founder and CEO and Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch.

SPD Bank has consistently embraced open innovation and continually advanced its digital strategy. The bank has strong service capabilities and professional expertise in cross-border finance, maintaining a long-standing commitment to supporting the global development of small and medium-sized enterprises (SMEs) engaged in foreign trade.

XTransfer specialises in B2B foreign trade finance and leverages technology to connect large global financial institutions with SMEs. It offers integrated solutions, including foreign trade payments and collections, multi-currency cash management, and intelligent risk control. To date, XTransfer has served over 700,000 corporate clients worldwide.

Bill Deng, Founder and CEO of XTransfer, stated, “We are excited to establish a comprehensive strategic partnership with SPD Bank Shanghai Branch. SPD Bank has significant experience and strong resources in cross-border financial services. By combining their expertise with XTransfer’s innovative technology and global network, we aim to offer SMEs engaged in foreign trade a higher-quality financial infrastructure. This collaboration will support their steady growth in the global market.”

Zhang Xianfeng, Vice President of SPD Bank Shanghai Branch, stated, “SPD Bank will continue to collaborate closely with XTransfer, aiming to achieve the goal of ‘local accounts that connect the globe and explore new opportunities in foreign trade’. We are committed to enhancing our cross-border financial service system, providing robust financial support for Chinese enterprises expanding globally, and working with all industry stakeholders to promote high-quality development in foreign trade.”

Looking ahead, the two parties will continue to enhance their cooperation on several key objectives, including local accounts, multi-currency settlement, and risk control system development. This collaboration aims to promote innovation and upgrade China’s foreign trade financial ecosystem, allowing SMEs to access cross-border financial services comparable to those offered to large multinational corporations.

Hashtag: #XTransfer #SPDBank #Crossborder #Payment #SMEs #Partnership





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

About XTransfer

XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing small and medium-sized enterprises (SMEs) with secure, compliant, fast, convenient and low-cost foreign trade payment and fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, and Nigeria. XTransfer has obtained local payment licences in Mainland China, Hong Kong SAR, Singapore, the United Kingdom, the Netherlands, the United States, Canada, and Australia. To date, XTransfer serves over 700,000 enterprise clients worldwide.

By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and a data-based, automated, internet-based and intelligent anti-money laundering risk control infrastructure centred on SMEs. XTransfer uses technology as a bridge to link large financial institutions and SMEs around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.

XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The company has a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.

For more information, please visit:

Cohen & Steers Appoints John Gellatly as Senior Advisor

NEW YORK, Sept. 16, 2025 /PRNewswire/ — Cohen & Steers, Inc. (NYSE: CNS) announced today the appointment of John Gellatly as Senior Advisor. Based in London, Mr. Gellatly will work closely with Marc Haynes, Head of International Institutional Distribution, and Seth Laughlin, Head of Real Estate Strategy & Research, to strengthen the firm’s international client relationships and develop new partnerships. He will advise clients on real estate strategy, sharing his unique perspectives and investment experience integrating listed and private assets.

Mr. Gellatly has nearly four decades’ experience in real estate investing. He most recently served as CIO Real Estate for the Abu Dhabi Investment Council (ADIC) with responsibility for the oversight and management of one of the world’s largest global real estate investment portfolios. Prior to ADIC, he held senior positions at Aviva Investors and BlackRock and his experiences span a breadth of roles analyzing, investing and managing real estate assets, platforms and products and across both equities and debt, public and private markets and across geographies and sectors.

Marc Haynes, Head of International Institutional Distribution, said: 
John brings a deep understanding of the challenges facing large institutional investors in real estate together with real world implementation experience. We are thrilled to welcome him to the Cohen & Steers team and look forward to benefiting from his global network and unique expertise. His appointment demonstrates our commitment to our international clients and comes at a time when many institutional investors are seeking to reposition their real estate portfolios for the new regime. John will be a great asset, both for our clients and for Cohen & Steers.”

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

CONTACT: Robert Klemens
Vice President, Communications
media@cohenandsteers.com

Website: https://www.cohenandsteers.com
Symbol: NYSE: CNS

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “may,” “will,” “should,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these forward-looking statements. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

The Application of the Smart Drowning Prevention System by State Grid Xuzhou Power Supply Company Has Achieved Remarkable Results

XUZHOU, China, Sept. 16, 2025 /PRNewswire/ — On September 9, Mr. Chen Yiwan, Equipment Supervisor at China Tower Corporation Limited Xuzhou Xinyi Branch, visited State Grid Xuzhou Power Supply Company to inspect the operational effectiveness of the company’s smart anti-drowning system during the summer vacation period. He expressed a strong willingness to integrate the cameras installed on the three transmission towers along the Shu River into the system, thereby contributing to the enhancement of the city’s anti-drowning network.

The Xuzhou region is characterized by a dense network of waterways, and the challenge of preventing drowning incidents during the summer vacation remains significant. Traditional methods, such as manual patrols and online monitoring, often suffer from limited coverage and insufficient intelligence. To address these issues, State Grid Xuzhou Power Supply Company independently developed a smart anti-drowning system, which was officially launched on June 30. The system integrates with the existing transmission line visualization monitoring infrastructure and centrally connects to all cameras installed on transmission towers located near open water areas throughout the city. Utilizing AI-based image and behavior recognition technologies, the system continuously monitors water areas in real time.

When individuals are detected approaching hazardous waters, the system automatically activates a comprehensive triple-response mechanism: “intelligent early warning, aerial intervention, and ground coordination.” It captures real-time video footage and locks the GPS coordinates of the detected individuals. Subsequently, the “Navigator” unmanned aerial vehicle (UAV), independently developed by State Grid Xuzhou Power Supply Company, is dispatched from a nearby location to fly to the scene. Using high-altitude audio announcements, the UAV issues warnings to persuade individuals to leave the area. Simultaneously, the system sends the location details to nearby grid workers, enabling them to respond promptly and carry out necessary rescue operations, thereby establishing an integrated closed-loop drowning prevention process.

Statistical data indicate that since the system’s deployment, it has issued over 170 alerts, with more than 60% targeting situations involving children at risk. Additionally, drones have been deployed over 40 times to warn and persuade individuals playing in the water to evacuate. These interventions have significantly reduced the incidence of drowning among minors during the summer vacation period.

 

Ambilight Named to MIT TR50 List of “50 Smartest Companies,” Pioneering the Future with Electrochromic Technology

SHENZHEN, China, Sept. 16, 2025 /PRNewswire/ — Ambilight has been named to the MIT Technology Review TR50 list of “50 Smartest Companies,” a recognition of the company’s global leadership and its role in transforming how technology shapes everyday life.

To be named to the list signals both originality in technology and the ability to change industries—and people’s lives—on a global scale. Since its founding in 1899, MIT Technology Review has been one of the world’s most influential technology media outlets. Its annual TR50 list, launched in 2010, highlights companies that not only demonstrate breakthrough innovation but also succeed in turning ideas into impactful business models. 

The 2025 TR50 celebrates companies with vision, interdisciplinary strength, and a commitment to advancing humanity. Ambilight was honored for bringing electrochromic technology from lab research to real-world applications, exemplifying how science and industry can work together to deliver meaningful value to society.

Being named to the TR50 is both recognition of Ambilight’s achievements and a validation of its long-term potential. The company will continue to advance smart dimming technology and collaborate globally to illuminate a smarter, more sustainable future.

Ambilight Named to MIT TR50 List of "50 Smartest Companies," Pioneering the Future with Electrochromic Technology
Ambilight Named to MIT TR50 List of “50 Smartest Companies,” Pioneering the Future with Electrochromic Technology

 

Assurances General Laos Sole Co.,Ltd Announces CEO Change After Nearly Two Decades

On 15 September, Assurances General Laos Sole Co.,Ltd (AGL) announced that longtime Chief Executive Officer Guy Apovy has stepped down after 19 years in the role. 

State Grid Xuzhou Power Supply Company: Utilizing Drones to Establish Digital Archives for Tree Obstacles

XUZHOU,China, Sept. 16, 2025 /PRNewswire/ — Recently, the operation and maintenance personnel of State Grid Xuzhou Power Supply Company conducted a comprehensive clearance operation targeting super-tall trees beneath the No. 1–3 and No. 4–5 conductors of the 220-kilovolt Qingni 2W78 line, based on the risk level results from the “Tree Obstacle Digital Archive.”

Prior to the operation, the personnel accurately identified the locations of trees under the power lines using the power transmission visualization system and deployed drones to perform rapid on-site verification. During the operation, while maintaining a safe distance, the maintenance team carried out standardized tree-felling procedures and utilized a laser foreign object removal device to precisely trim overgrown branches, thereby enhancing both operational safety and efficiency.

During the summer months, when rainfall is abundant and vegetation grows rapidly, conflicts between tree growth and overhead power lines become a significant threat to grid safety. In the face of a large number of tree-related hazards, the traditional manual inspection method is not only inefficient but also costly. Under this approach, field personnel must visit sites in person, visually estimate or use distance meters to measure the distance between trees and conductors, and then propose solutions based on their experience and observations of tree growth.

To address this challenge, State Grid Xuzhou Power Supply Company has actively adopted technological innovations by applying unmanned aerial vehicle (UAV) laser point cloud scanning technology to establish a new model for managing tree-line hazards. For key sections with dense tree obstacles, drones equipped with laser pan-tilt units are used to collect detailed tree data, enabling the construction of precise 3D models and the calculation of accurate clearance distances between trees and power lines.

“Drone-based laser point cloud scanning is akin to conducting a high-precision ‘CT scan’ of the power corridor,” explained Yang Tengteng, a full-time staff member responsible for transmission line operation and maintenance management in the Equipment Department of State Grid Xuzhou Power Supply Company. “This method enables the accurate capture of key data such as tree coordinates, quantity, and height, forming a comprehensive ‘Digital Archive of Tree Obstacles.’ The system also automatically classifies risk levels into three categories—general, serious, and urgent—based on predefined safety thresholds, thereby providing data-driven support for the scientific planning and efficient execution of tree obstacle management strategies.”

By leveraging drone laser point cloud technology to create digital records of tree obstacles, inspection efficiency has improved by 50% compared to traditional methods. Additionally, the measurement error for tree-to-line distances has been reduced to the centimeter level, significantly enhancing the accuracy of hazard identification. To date, the company has collected data from 283 suspected tree-obstructed sections using this technology and identified 33 serious tree-line hazards, all of which have been fully addressed through a closed-loop rectification process.

 

World’s Largest Toy, Baby, Licensing & Preschool Expo: Connecting Integrated Sourcing Under One Roof

SHANGHAI, Sept. 16, 2025 /PRNewswire/ — 2025 China Toy Expo (CTE), China Kids Fair (CKE), China Licensing Expo (CLE) and China Preschool Expo (CPE) will come together at the Shanghai New International Expo Centre (SNIEC), taking place October 15-17, 2025.

World's Largest Trade Fairs for Toy, Baby Products, Licensing and Preschool
World’s Largest Trade Fairs for Toy, Baby Products, Licensing and Preschool

Organized by China Toy & Juvenile Products Association, this premier “Four-Expo-in-One” event spans 230,000 sqm, connecting global buyers with 2,500+ exhibitors and 5,400+ brands from 30+ manufacturing hubs. Attracting 100,000+ professional buyers from 130+ countries and regions, it’s the world’s definitive sourcing platform for toys, baby and children’s products, IPs and preschool supplies.

Explore the Future of Industry:

  • CTE (Toys): Focusing on art & collectible toys, AI smart toys, and sustainable materials. Cross-industry collaborations with fashion, art, and lifestyle brands highlight a growing global trend. (LEGO, MATTEL, BANDAI, FUNKO, LABUBU, TOPTOY, etc.)
  • CKE (Baby Products): Showcasing strollers, car seats, ride-ons, and baby feeding & nursery, baby furniture & home items. Development emphasizes safety certifications, ergonomic design, and smart mobility solutions. (including GB, Cybex, UPPAbaby, Stokke, Pigeon, Nuna, Joie, RECARO, AVOVA, and Bugaboo)
  • CLE (Licensing): 2,600+ IPs on display. Strong focus on cross-industry licensing, global collaborations, and the rise of Chinese original IPs on the international stage. (including Disney, Universal, Warner, Sanrio, POP MART, MINISO, Eggy Party, Three-Body, and B.Duck)
  • CPE (Preschool Supplies): Featuring supplies, teaching tools, and playground equipment. Trends highlight digital learning integration, STEAM-based curricula, and eco-friendly facilities. (including Guidecraft, YongLang, YUHE, and Viga)

Integrated Sourcing Highlights:

  • One-Stop Sourcing: Cover toys, baby products, IP licensing & preschool supplies in one place.
  • Trend Hub: 350+ global art & collectible toy brands & 2600+ IP launches.
  • Certified Suppliers: 900+ CSI certified suppliers from 30+ manufacturing hubs.
  • Targeted Match-making: One-on-one match-making based on the needs of both parties.

Exclusive International Buyer Benefits (VIP Qualification needs to be approved):
Pre-register by Sept 20, 2025 for VIP status and benefits worth up to $2,300, including:

  • Fast-track entry & VIP lounge access
  • Complimentary lunch & accommodation

Contacts: Frieda_wang@tjpa-china.org 

Visit: [China Toy Expo Website]

Join us in Shanghai this October to shape the future of the baby and children’s products  industry!

Aitu: An Opportunity for Intelligent Transformation in Vietnam’s Garment Manufacturing Industry

Highly aligned with the Industry 4.0 strategy, Aitu brings far more than just competitive advantages to Vietnam’s garment manufacturing industry!

HANGZHOU, China, Sept. 16, 2025 /PRNewswire/ — As competition in the global apparel manufacturing industry intensifies, Vietnam’s garment manufacturing industry faces challenges such as raw material and labor costs, and slow technological upgrades. Aitu, a Chinese AI brand, has garnered international attention. It won the Gold Award for Artificial Intelligence Product Innovation at the 2025 IFA exhibition, highlighting its significant position in the global intelligent manufacturing sector.

China’s artificial intelligence industry is projected to exceed 500 billion yuan by 2024, forming a complete ecosystem from basic research to industrial application. “AI+” was officially included in China’s 2025 Government Work Report. As a representative of Chinese intelligent manufacturing, Aitu integrates AI with garment manufacturing, humanoid robots, and other industrial intelligent manufacturing industries. Its solutions align closely with the Vietnamese government’s Industry 4.0 strategy and may provide new opportunities for the transformation of Vietnam’s garment manufacturing industry.

Aitu leverages AI technology to drive the upgrade of “high-end yet affordable” production line equipment, bringing far more than just enhanced competitiveness. On the one hand, this will enable a transition from OEM to high-value-added manufacturing, enabling customized upgrades and facilitating flexible responses to high-end international orders and growing domestic demand. On the other hand, it will enable automation and skill reskilling, eliminating repetitive tasks and improving production efficiency. This will effectively fill Vietnam’s textile industry labor shortage of 300,000 skilled workers by 2025, address labor cost pressures caused by rising minimum wages in many regions, and boost overall revenue and profits for manufacturing companies. This will have significant implications for the development of Vietnam’s garment manufacturing industry.

Aitu’s global brand launch event will be held at the Shanghai Tower on September 23, 2025, showcasing AI-driven smart manufacturing solutions. We look forward to the new opportunities for intelligent transformation it will bring to Vietnam’s garment manufacturing industry, helping the country achieve greater stability and advancement in the global garment manufacturing industry.