Bizgital and Loca have officially launched their new office and are ready to make a positive difference in the startup community.
CUHK Business School Research Suggests Supply Chain Health Serves As A New Way to Predict Credit Ratings

It is no secret that credit ratings directly affect how a company raises funds and structures its capital. Investors typically prefer companies with higher ratings because they carry a lower risk of default. Companies strive to get higher ratings to gain access to better financing options.
However, SMEs are often left out of the game, as it is very costly to get rated regularly by analysts from credit-rating agencies. At the same time, most SMEs don’t publish their financial statements publicly. The lack of data and ratings on these companies puts them at a disadvantaged position when it comes to obtaining valuable financing.
To address this “missing link” in the credit rating landscape, a team of researchers at CUHK Business School and the University of Cambridge has developed a robust method to demonstrate that supply chain information in and of itself can greatly improve the predictability and accuracy of credit ratings. As such, SMEs which have main supply chain partners that regularly disclose financial and operational information to the market can potentially be rated and so stand a better chance in getting loans with better financial terms. This approach also carries implications on regulators’, financial institutions’ and supply chain financiers’ decision-making.
Why did the researchers choose to focus on supply chain factors when studying the credit rating predictions? Wu Jing, Assistant Professor in the Department of Decision Sciences and Managerial Economics at CUHK Business School, points out a number of studies in recent years on the significant influence of supply chain partners on the financial health of companies.
“We have seen how bankruptcies of firms negatively affect the stock prices of their suppliers. We have seen how the performances of suppliers can shake up the equilibrium of a firm’s asset prices. And not only so, changes along the supply chain impact other partner firms along the chain, too. So it’s only natural to imagine that all the information along the supply chain, though at different degrees, can influence a firm’s credit ratings,” says Prof. Wu.
Machine-Learning Comes to Aid
Because the process of analysing a firm and assigning a credit rating is a painstaking one requiring a large amount of work and resources, it has become a tool that only large-scale companies can afford. Recent developments in artificial intelligence and machine learning technologies are promising tools that could level the playing field.
In a recent study, Prof. Wu and his collaborators, Sean Zhou, Chairperson in Department of Decision Sciences and Managerial Economics at CUHK Business School, and Zhang Zhaocheng at the University of Cambridge, used a machine learning framework to develop an algorithmic credit-rating prediction model by incorporating supply-chain information. The study was titled Credit Rating Prediction Through Supply Chains: A Machine Learning Approach.
“The machine learning framework has been proven to be extremely powerful in solving prediction problems in recently published economics and finance literature,” says Prof. Zhou. “By leveraging machine learning algorithms over publicly available data sets on supply chains, our work can significantly improve the prediction accuracy of credit ratings.”
Of particular interest is that this method can be applied to assess the credit ratings of a large number of companies which do not publicly disclose any of their own financial and operational data, by leveraging on the public domain information of their main supply chain partners.
“As SMEs are often financially constrained and rely on external financing to sustain their operations, having the ability to assess their credit ratings in a non-traditional way can help them raise capital more easily,” says Prof. Zhou.
In addition, Prof. Zhou points out that such companies can further adapt their operational and supply chain strategies to improve their ratings once they have figured out how their supply-chain factors affect their ratings.
Robust Predictability
The study’s sample comprises 1,134 U.S. non-financial firms using data from 2004 to 2019. The data mainly come from the 10-K filings on the Compustat database, and the Factset Revere supply chain observations, which cover a wide and comprehensive range of sources like conference call transcripts, press releases, websites and more. On average, each firm in the study’s sample has 11.56 suppliers and 7.57 customers.
Using different machine learning models, the researchers tested the robustness and accuracy of their unique model and found it to be solid. A 5 percent improvement in the accuracy ratio is achieved when supply-chain variables were added to the benchmark credit-rating prediction model, which didn’t contain supply-chain factors. In addition, the team found that their model can predict credit ratings reasonably well by using supply chain information alone without the focal firm’s attributes.
“This suggests that our approach has the potential to apply to a large number of companies whose financial information is not publicly available, such as SMEs,” Prof. Wu remarks.
“Our method of using their supply chain information can be applied to assess their credit ratings. This would be instrumental to their supply chain partners and financial institutions for assessing their risk and in designing financial products and services uniquely suitable for them.” There is a nuance in the finding: Incorporating supply-chain data in the credit-rating prediction is more meaningful and informative if a company relies more heavily on the supply chain for its operation. Examples are manufacturing and retail companies. That’s the reason why financial companies were not chosen in the study, as they don’t rely much on supply chains for their operations.
The prediction accuracy for retail companies improved by about 8.5 percent after supply chain variables were incorporated. For manufacturing companies, the accuracy improved by about 6.7 percent. For sectors other than retail and manufacturing, the accuracy increased by no more than 4 percent. The differences can be explained by the level of reliance on suppliers and customers. The heavier reliance on supply chain partners, the stronger the financial ties. As a result, credit risk is spread along the supply chain in a more significant way.
Regulators and governments should also take note of these novel studies on supply chain transmission of credit risk. This is because once a company defaults, its credit risk may be propagated to other companies along the supply chain and so triggers a larger impact on the real economy. The research could help advise regulators on which type of companies they should monitor their credit ratings more closely to prevent risk spillovers. On the other hand, SMEs provide more than half of the world’s jobs, but often have no credit rating, becoming the object of discrimination in the traditional financing market. The research findings can help governments enact policies that help SMEs to reduce their financing costs. Finally, the researchers add that governments should promote the use of these types of automated credit ratings which make use of supply chain data and machine learning algorithms, and which can improve financial inclusiveness and economic development.
Reference:
Wu, Jing and Zhang, Zhaocheng and Zhou, Sean, Credit Rating Prediction Through Supply Chains: A Machine Learning Approach (October 27, 2021). Available at SSRN: https://ssrn.com/abstract=3951507
This article was first published in the China Business Knowledge (CBK) website by CUHK Business School: https://bit.ly/38RJPli
About CUHK Business School
CUHK Business School comprises two schools – Accountancy and Hotel and Tourism Management – and four departments – Decision Sciences and Managerial Economics, Finance, Management and Marketing. Established in Hong Kong in 1963, it is the first business school to offer BBA, MBA and Executive MBA programmes in the region. Today, CUHK Business School offers 10 undergraduate programmes and 20 graduate programmes including MBA, EMBA, Master, MSc, MPhil and Ph.D. The School currently has more than 4,500 undergraduate and postgraduate students from 20+ countries/regions.
In the Financial Times Executive MBA ranking 2021, CUHK EMBA is ranked 19th in the world. In FT‘s 2022 Global MBA Ranking, CUHK MBA is ranked 50th. CUHK Business School has the largest number of business alumni (40,000+) among universities/business schools in Hong Kong – many of whom are key business leaders.
More information is available at http://www.bschool.cuhk.edu.hk or by connecting with CUHK Business School on:
Facebook: www.facebook.com/cuhkbschool
Instagram: www.instagram.com/cuhkbusinessschool
LinkedIn: www.linkedin.com/school/cuhkbusinessschool
WeChat: CUHKBusinessSchool
#CUHKBusinessSchool
The issuer is solely responsible for the content of this announcement.
Razer Merchant Services The First Online Acquirer In Malaysia To Enable Acceptance Of Discover Global Network At e-Commerce Merchants
Razer Merchant Services (RMS) enables Discover® Global Network acceptance for 2000 e-commerce businesses in Malaysia by 2023.
SHAH ALAM, MALAYSIA – Media OutReach – 12 May 2022 – Razer Merchant Services (“RMS”), the B2B arm of Razer Fintech, has partnered with Discover® Global Network, the global payment brand of Discover Financial Services, as the first acquirer to enable Discover Global Network card acceptance at online merchants in Malaysia. By 2023, RMS aims to enable 2000 e-commerce merchants in Malaysia to accept by Diners Club International®, Discover® and affiliate network cards for online transactions.

By enabling the card scheme, local merchants would access a significant global customer segment with a diversified payment acceptance as the e-commerce industry continues to experience increased growth. GlobalData’s E-Commerce Analytics reports that e-commerce payments in Malaysia is estimated to increase at a Compound Annual Growth Rate of 18.3% from RM 28.5 billion ($7.1bn) in 2021 to RM 55.7 billion ($13.8bn) in 2025.
This collaboration offers a strategic advantage for RMS merchants to tap into the billion-dollar market with Discover Global Network and reach more than 280 million cardholders worldwide.
“This partnership cements RMS’ continued leadership in enabling a plethora of comprehensive payment channels for our online merchants, thus, providing diverse payment options for their customers. RMS merchants can further expand their business reach by casting a wider net in the regional and global market as we look to replicate our offerings with Diners Club International and Discover across Southeast Asia,” said Lee Li Meng, CEO of Razer Fintech.
“This partnership between Razer Merchant Services and Discover is pivotal in expanding the Malaysian e-commerce market to our global partners,” said Jonathon Gould, regional managing director, global acceptance, Asia Pacific at Discover. “We are committed to continuously providing great benefits and convenience to our cardholders around the world by offering options to make online payments more seamless across borders.”
Cost-reduction methods through a single seamless integration through RMS will benefit e-commerce merchants while providing a variety of payment methods to drive e-commerce sales locally and globally. Cardholders on Discover Global Network can seamlessly pay RMS merchant by selecting the “Diners Club International or Discover” option as the preferred payment channel, filling up the details and completing the payment, reducing yet another barrier for global e-commerce operations.
About Razer Fintech
Razer Fintech is the financial technology arm of Razer Inc. Established in April 2018, Razer Fintech has grown to become one of the largest O2O (offline to online) digital payment networks in emerging markets and has processed over billions of dollars in total payment value. Razer Fintech recorded a Total Payment Volume (TPV) of US$7 billion for FY 2021, representing an increase of 63.5% year-on-year with its B2B arm, Razer Merchant Services (“RMS”), a major contributor to the figure.
RMS, a leading B2B (business-to-business) solution encompasses:
* RMS Online: Card processing gateway supporting global scheme cards and over 110 payment methods, powering online payments for global and regional blue-chip merchants in SEA.
* RMS Offline: SEA’s largest offline payment network of over 1 million physical acceptance points across SEA. RMS Offline also extends point-of-sale services (such as bill payments and telco reloads), cash-over-counter services including fulfilment of e-commerce purchases, distribution of third-party point-of-sale activation (POSA) cards, and merchant acquiring services for third-party e-wallets.
For more information, please visit our website at merchant.razer.com.
Merchants interested in online payment services, may email us at sales-sa@razer.com.
Merchants interested in offline reloads, may email us at bd-offline-my@razer.com.
#RazerFintech #RazerMerchantServices
Aquaholic Gifts Offers Premium Corporate Gifts For All Occasions
Aquaholic Gifts goes above and beyond for any company’s gifting needs with excellent craftsmanship, high design quality, efficient services, and prompt delivery. To reiterate this, the company founder has also established connections to both local and overseas suppliers, allowing them access to one-of-a-kind designs and products that will suit a company’s branding.
Whether the company is a startup company, a developing business, or a large corporation, Aquaholic Gifts offers trending yet affordable gift ideas that will help boost any well-planned marketing campaign. Moreover, the online catalogue has a wide range of products, ranging from Bluetooth speakers, custom jackets to reusable masks, thus opening doors to multiple possibilities for customers, employees and clients. Their products also include unique items such as various bags, drinkware and lifestyle items which can be customised to suit specific recipients. As such, Aquaholic Gifts has been engaged by shopping malls for their quarterly Gifts With Purchase campaigns to attract foot traffic into their malls.
Aquaholic Gifts believes that some thought should be put in when it comes to corporate gifting, depending on what the recipient needs. For instance, when the pandemic hit its peak, Aquaholic Gifts had specially designed their catalogue to include items that can promote good physical health or well-being of recipients, such as personal training subscriptions or healthy cooking classes. Moreover, in response to the default working from home, Aquaholic Gifts offers prompt delivery services to make coordinating gifts easier. Although many businesses are now back in the office, this service is convenient for those too far away to pick up the goods themselves.
With Aquaholic Gifts, corporate gifting to clients, customers and employees can be made more manageable. In addition to their wide range, the company’s promotional corporate gifts in Singapore are also carefully categorised so that you can find what you need in their online store instantly.
As part of their aim to be the leading purchase campaign supplier in Singapore, Aquaholic Gifts will also recommend custom gift ideas based on business size, available budget, and special occasions. For more details, visit https://www.aquaholic.com.sg to learn more.
#AquaholicGifts
The issuer is solely responsible for the content of this announcement.
Intra – Asia enhances connectivity between Hong Kong, China and Southeast Asia with SEA-H2X submarine cable
High-performance cable system aimed at bringing speed and capacity to support digital transformation in Asia
HONG KONG SAR – Media OutReach – 12 May 2022 – China Mobile International Limited (CMI)[1], China Unicom Global (CUG) [2] , Converge Information and Communications Technology Solutions, Inc. (Converge) and PPTEL SEA H2X Sdn. Bhd (PPTEL SEA-H2X)[3], reaffirmed their partnership to construct and operate the South East Asia Hainan – Hong Kong Express Cable System (SEA-H2X), a new submarine cable system that will connect Hong Kong SAR China, Hainan China, Philippines, Thailand, East Malaysia and Singapore, with options to extend to Vietnam, Cambodia, West Malaysia and Indonesia. The parties to the SEA-H2X Project have appointed HMN Technologies Co., Limited (HMN Tech) to build the cable in a fully funded project which will greatly enhance intra-Asian connectivity. With the Construction and Maintenance Agreement (C&MA) and Supply Contract with HMN Tech being effective on March 4, 2022, the parties also announced today that the Supply Contract has come into force.

At approximately 5,000 kilometers in length, the SEA-H2X cable will consist of at least 8-fiber pairs between Hong Kong SAR and Singapore, with a design capacity of 160 terabits per second to meet the growing bandwidth requirement in the region. The System is targeted to be ready-for-service in 2024 which help businesses and consumers benefit from increasing digital ties.
Employing state-of-the-art optical submarine transmission equipment, this high-performance submarine cable’s completion will provide the needed additional bandwidth within the region and network diversity. The construction of SEA-H2X will respond to the high broadband (Internet) demand between Hong Kong SAR and Southeast Asia countries by providing needed capacity and faster transmission, and in preparation for the coming 5G era.
The SEA-H2X cable will be implemented by HMN Tech from the design, manufacturing and deployment of the system. Employing an open system model, SEA-H2X has the flexibility to choose best-in-breed Submarine Line Terminal Equipment (SLTE) from third-party vendors at a later date. HMN Tech’s advanced Branching Unit (BU) and Reconfigurable Optical Add/Drop Multiplexer (ROADM) will benefit SEA-H2X in providing the ultimate flexibility of electrical power and optical fiber switches across multiple locations.

“CMI continues to focus on the digital economy development by expanding our digital infrastructure including cable systems, PoPs and data centers. We have been investing in various submarine cables due to the soaring demand for data usage in the Asia-Pacific region. We are honored to be a partner in SEA-H2X, which connects major cities such as Hong Kong, China and Singapore, along with Hainan, China, linking to locations in the Philippines, Malaysia and Thailand in Southeast Asia. The SEA-H2X cable will provide high-speed, low-latency, and low-cost data connections for customers in the Regional Comprehensive Economic Partnership (RCEP) region, to further accelerate economic development of its members. We sincerely hope construction plans for the SEA-H2X submarine cable can be successfully implemented and acted on as soon as possible,,” said Dr. Li Feng, Chairman and CEO of CMI.
“Submarine cable is irreplaceable in building robust, secure and accessible global network connections in the Digital Era. As an important large-bandwidth submarine system in the region, SEA-H2X will further upgrade connectivity to Hong Kong SAR, Hainan SEZ and Southeast Asia countries, boosting unimpeded trade, communication, financial integration along the route. We are proud to participate in this trans-Asia cable project. China Unicom Global Limited will prove ourselves in providing customers with cloud-network integration, smart, agile, and safe digital products and solutions. We sincerely hope the whole project achieve a well-rounded success.” said Dr. Meng Shusen, Chairman and President of CUG.
“We are pleased to be a partner in this trans-Asia cable that will respond to the booming data traffic between Hong Kong SAR and Southeast Asia. This submarine cable system will boost the connectivity between our two PoPs located in Hong Kong and in Singapore. Further, this will serve as a crucial infrastructure to add diversity and redundancy to our international network. We are truly diversifying our international capacity portfolio as transpacific demand will be served by the Bifrost, and now trans-Asia demand will be served by SEA-H2X,” said Converge CEO and Co-Founder Dennis Anthony Uy.
“PPTEL SEA-H2X is excited to participate in the SEA-H2X consortium, joining our partners in the region with our investment consisting of a trunk fibre pair and a branch into Sarawak, East Malaysia. PPTEL SEA-H2X is transforming the telecoms landscape in Malaysia from our home base in Kuching, where we are launching the first Tier IV Data Centre in the region in Q1 2022, co-located with our new CLS at Santubong. Our strategic location allows us to offer new low latency routings between China and Jakarta, via SEA-H2X and BaSICS (Batam Sarawak Internet Cable System), which is also expected to complete in Q1 2022. With extensive fibre reach throughout Malaysia and Indonesia through our partner XL, we are providing the backbone for the Sarawak government’s Digital Transformation 2030 ambitions both domestically and internationally,” said PPTEL CEO Jonathan Smith.
“It is our honor to provide the advanced turnkey submarine cable solution for SEA-H2X consortium members,” said Mao Shengjiang, CEO of HMN Tech. “We are committed to developing innovative and reliable technologies, and to utilizing them in the critical telecom infrastructures, like SEA-H2X. HMN Tech’s start-of-art technology and expert deployment abilities will contribute to the consortium to build a high-speed, large-capacity and low-latency system fast and successfully and to enhance intra-Asian connectivity.”
CMI Company Profile
China Mobile International Limited (CMI) is a wholly-owned subsidiary of China Mobile, mainly responsible for the operation of China Mobile’s international business. In order to provide better services to meet the growing demand in the international telecommunications market, China Mobile established a subsidiary, CMI, in December 2010. CMI currently has over 70 terrestrial and submarine cable resources worldwide, with a total international transmission bandwidth of over 109T, and a total of 225 overseas PoPs. With Hong Kong, China as its launchpad, CMI has significantly accelerated global IDC development, creating a strong network for data centre cloudification. Leveraging the strong support by China Mobile, CMI is a trusted partner that provides comprehensive international information services and solutions to international enterprises, carriers and mobile users. Headquartered in Hong Kong, China, CMI has expanded its footprint in 36 countries and regions. For more information, please visit www.cmi.chinamobile.com.
CUG Company Profile
China Unicom Global is headquartered in Hong Kong, with 30 worldwide subsidiaries and over 130 global Points-of-Presence (PoPs), CUG endeavors on global business development, operation, and servicing outside Mainland China. China Unicom Global offers reliable end-to end global integrated telecommunication services and solutions, including global connectivity services, global Internet access, ICT services, cloud computing, Internet of things (IoT), video conferencing, unified communications, content, and security services, and provides personal customers with premium voice and mobility services. For more information, please visit: https://www.chinaunicomglobal.com
Converge Company Profile
Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) is the fastest-growing fixed broadband service provider in the Philippines. It is the first to run an end-to-end pure fiber internet network in the country, providing Filipinos simple, fast, and reliable connectivity. Aside from broadband services, Converge also offers integrated data center and network solutions services.
With over 103,000 kilometers of fiber optic cable network, Converge has one of the most extensive fiber networks in the Philippines.
This fiber-powered network allows Converge to provide premium world-class digital experiences for residential, enterprise, and wholesale customers. Converge is ISO 9001 and CE2.0 Certified.
Go to https://www.convergeict.com for more information.
PPTEL SEA-H2X Company Profile
PPTEL SEA H2X Sdn. Bhd. (PPTEL SEA-H2X) is a subsidiary of PP Telecommunication Sdn. Bhd. (PPTEL) – a Sarawak-based, international telecommunication infrastructure provider. In line with the aspirations of the Sarawak Government’s Digital Transformation Program, PPTEL is constructing the Sarawak International Internet Gateway (SIIG), comprising of 5 core components, namely, :-
1. Batam Sarawak Internet Cable System (BaSICS)
First International Submarine Cable System connecting Sarawak to the regional telecommunication hub of Singapore, wholly owned and managed by PPTEL.
2. Tier IV Carrier Neutral Data Centre, accredited by Uptime Institute
Malaysia’s first Tier IV “Zero Downtime” Data Centre serving mission critical businesses in the region.
3. International Cross Border Terrestrial Fiber Network
A terrestrial fiber network connecting the Cable Landing Station & Data Centre in Santubong, to major towns across Sarawak, Kalimantan and Brunei Darussalam.
4. Regional Internet Exchange
Sarawak is positioned to be the main Telecommunications Gateway for Borneo to connect directly to the regional telecommunication hubs of Hong Kong and Singapore. This regional internet exchange complements PPTEL’s Data Centre, to provide direct connectivity to the multiple internet exchanges in the region, from Kuching, Sarawak.
5. South East Asia Hainan Hong Kong Express (SEA-H2X) Submarine Cable System
PPTEL SEA-H2X’s investment into a second international cable system bringing much needed capacity directly into Sarawak, to complement our existing services offered from PPTEL’s Data Centre and Cable Landing Station at Santubong.
For enquiries, please email us – enquiries@pptelecom.com.my
HMN Tech Company profile
HMN Technologies Co., Limited is an advanced provider of innovative, reliable and flexible turnkey submarine network solutions on a global scale. To date, the company has deployed the submarine cable system with the length of over 80,000 km. HMN Tech provides end-to-end project development solutions, incorporating system design, permitting, marine survey, manufacture, integration and marine installation services with an on-going focus and commitment to customer support for network operators. Thanks to our robust product portfolio, in-depth expertise and strong R&D capabilities, we enable telecom carriers, oil and gas operators, and other industry players to achieve their business goals.
#ChinaMobileInternational #CMI
The issuer is solely responsible for the content of this announcement.
NGT and DinoVerse Join Forces to Roll out the Animal Protection Charity NFT Collaboration
A Portion of Proceeds Will be Donated to Animal Care Organizations More Than 100 Local KOLs Take the Steer to Participate “Meta-Street Hong Kong” Is Revealing its Landscape
HONG KONG SAR – Media OutReach – 11 May 2022 – NextGen Tech (“NGT” or the “Company”), a leading one-stop Non-fungible Token (“NFT”) project launcher in Hong Kong, is pleased to announce that it will join strength with the local trendy NFT community, DinoVerse, to carry out an animal protection charity theme NFT campaign named “Native-born KOLs Unite to Care for Fur Baby“. It has received enthusiastic ovation and support from over 100 indigenous artists and key opinion leaders (“KOLs”), making it the very NFT project with the most KOL participation so far in Hong Kong. NGT and DinoVerse look forward to taking this opportunity to appeal to all sectors of the community to care for animals and prevent abandonment. Moreover, 50% of the NFT royalties[1] of all DinoVerse dinosaurs and 10% of the net profit of the project will be donated to three animal protection organizations including The Society for the Prevention of Cruelty to Animals (SPCA), Paws Guardian Rescue Shelter (PGRS), and Home for Homeless Dog.

This animal protection theme charity NFT project of “Native-born KOLs Unite to Care for Fur Baby” derives creativity and scheme from DinoVerse’s collection of “Jurassic Metaverse”. Users can get an exclusive permit and adopt a dinosaur egg at “DinoVerse Dinosaur Island”, then by hatching their own unique baby dinosaur, the adopter will then become a “Dinos Owner”. At the first stage, DinoVerse only provides 5,000 original adoption quotas. After the adoption phase accomplished, the second stage – “Virtual Pet Era” (akin to Tamagotchi) will unlock. Each Dinos Owner can earn and accumulate Experience Points (EXP) by feeding, cleaning, and tending their own exclusive dinosaurs, or by playing other mobile-compatible mini games to level up their baby dinosaurs, letting them evolve to more advanced Juvie and adult dinosaurs. After the whole evolution is completed, the Dinos Owner can obtain an adult dinosaur NFT, which has proprietary copyright and can be publicly traded.
Due to the arcane technical nature of NFT, most relevant popularization and dissemination contents are too obscure and abstruse. Therefore, the creation of “DinoVerse Dinosaur Island” sets its feet on the conversant and resonant memory of the era of “virtual pet”, acting as the launch pad for people to get a tread on experiencing the enjoyment and feasibility of NFT. Furthermore, injecting the hard profit generated by NFT into the daily life scenes of supporting animal rescue and protection through charity projects, could also help reflect its commerciality and investment value. Subsequently, the DinoVerse Dinosaur Island will activate more stages to expedite the technological integration with Metaverse. The Company will provide more practical applications, as well as launch offline theme events and physical merchandising collectibles.
NextGen Tech collaborates with DinoVerse to ingeniously integrate NFT into real life through trendy community culture and persist in exploring the generalization and implementation of NFT. Mr. Francis Leung, CEO of NextGen Tech, stated, “This charity NFT project jointly held with DinoVerse marks the first remarkable attempt of NGT to tap into the Metaverse. In addition, our team also referred to the architectural logic of the Metaverse and rendered the very first ‘Meta-Street Hong Kong‘ with great concentration. We expect that a multifarious ‘Meta-Street‘ that displayed as a cluster of virtual shops could be established through consociation with numerous well-known avant-courier brands. By drawing the support from local artists and KOLs, we target to expand the commercial and entertainment scenarios from physical world to virtual realm. Ultimately, we would like to pursue and fulfill the ‘MetaExperience’. In addition to enhancing the comprehensive recognition of NFTs, it can also effectively echo the emerging concept of ‘Being Digital’.” At present, a crowd of brands have entered in the ‘Meta-Street Hong Kong‘ to enclose a domain and station a foothold, they are all over fashion, jewelry, and catering. Each store itself is an NFT, and its holder has the right to enlarge the scale, decorate the shop front and transfer the location within the space.
Mr. Francis Leung added, “It’s never been a thorny issue to develop a series of feasible and amusing NFT reel at the technology level, but how to delineate the gimmick with ingenious touch to arouse users’ attention and get it widely circulated is the crux. With the continuous refinement and progress of technology, NFT is no longer confined to the antiquated pixel pictures, emoticons or profile pictures (‘PFP’), etc. It has already elevated itself and swept into the high-speed track, with both practical value and brand significance. NFT adopts blockchain technology for storage, so it has three distinctive attributes of rarity, indivisibility, and uniqueness. It is definitely a smashing and secure investment tool, and the first-rate marketing instrument that confers the edges and megahit on diverse brands.”
In the long run, with the iterative upgrade of technology, it is imperative to develop the Metaverse and build up the NFT ecosystem. Affected by the global economic situation recently, the digital asset market has also appeared great fluctuations. Therefore, how to adapt the value of the tangible matters to digital modules securely and reliably to beef up the investment scenarios in the real world is the gist that all the practitioners in the NFT and blockchain industries should keep close tabs on and contemplate. This accords with the construction and operation philosophy of NextGen Tech as well.
[1] For every transaction of each NFT, creators are given a percentage of their selling prices as royalties. NFT royalties are permanent and automatically enforced by smart contracts. Creators can choose their own royalty percentage in most markets, generally the standard NFT royalty is 5-10% of its selling price.
About NextGen Tech (NGT)
Established in 2019, NextGen Tech (NGT) is a one-stop NFT project launcher headquartered in Hong Kong. Its expertise team consists of technical adepts keen on the tactics of cryptocurrency and Non-fungible Tokens (NFTs), in a bid to facilitate the feasibility of NFT in traditional industries. By providing technical know-how and contract creation services to owners with unique product portfolios, NGT specializes in minting and marketing exclusive NFTs for them, then launching to the market for secured and prudent circulation and turnovers, fueling the materialization of the value of digital assets still further.
For more information, please visit: nftlauncherhk.com or email business@nftlauncherhk.com.
#NextGenTech #NGT
About DinoVerse NFT
DinoVerse is the premier NFT trending community of celebrities in Hong Kong. Its exclusively innovated DinoVerse Dinosaur Island is the begetter that perfectly integrates the personal dinosaur NFT with the virtual pet game mode (akin to “Tamagotchi”). It has now leapfrogged up to be the very NFT project supported by the most artists and KOLs in Hong Kong. DinoVerse has made brilliant achievements in enclosures within Web 3 and Metaverse through NFT animation visualization.
For more information, please visit the website: https://dinoversenft.io/
Instagram page: https://www.instagram.com/dino.verse.nft/
Or email official@dinoversenft.io.
OPPO Find X5 Pro Will Be Among the First to Receive the Android 13 Beta 1 Update

“OPPO has been cooperating closely with Google for a long time, during which we’ve kept working together to deliver the best possible operating experience through our ColorOS which is based on each version of Google’s Android operating systems,” said Andy Wu, OPPO Vice President and President of Find Product Line. “This time, with the new Android 13, we believe that the performance of our excellent devices, such as the flagship Find X5 Pro, will be fully unleashed to developers and users.”
Android 13 focuses more on privacy and security, while providing new APIs to help developers build better apps. It offers a series of updates, including privacy features like the new notification permission photo picker, APIs like themed app icons, quick settings tile placement, and per-app language support, as well as capabilities like Bluetooth LE audio and MIDI 2.0 over USB. Beta 1 adds new permissions for more granular access to media files, improved audio routing APIs, and more.
Android 13 Beta 1 will be available for Find X5 Pro, which is OPPO’s latest flagship smartphone released in February 2022. Find X5 Pro comes with OPPO’s first dedicated imaging Neural Processing Unit MariSilicon X and the dual flagship IMX766 camera system, hence, it offers an unparalleled imaging experience. With its unrivalled performance, ultra-fast 5G connectivity, and the incredible 80W SUPERVOOCTM Flash Charging technology, Find X5 Pro is designed to bring an all-round flagship-level performance to users around the world.
Developers can download and try out the developer’s version of ColorOS built around Android 13 Beta 1 here. In addition, Find X5 Pro users are also expected to be the first to enjoy the new public version of ColorOS based on Android 13 in the near future.
About OPPO
Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO provides its users with the ColorOS operating system and internet services like OPPO Cloud and OPPO+. OPPO operates in more than 50 countries and regions with more than 40,000 of OPPO’s employees are dedicated to creating a better life for customers around the world.
#OPPO
Investing in Midwives is Crucial for Sustainable Development

As the International Confederation of Midwives celebrates its 100th anniversary, the Regional Director for the United Nations Population Fund for the Asia and Pacific region, Björn Andersson, makes the case for midwives and says more investments are needed to deliver on sexual, reproductive, maternal, newborn and adolescent health.