LONDON, Aug. 12, 2025 /PRNewswire/ — Elliott Investment Management, L.P. and Elliott Advisors (UK) Limited (“Elliott”), which advise funds that together have a more than 3% ownership stake in Sumitomo Realty & Development Co., Ltd. (“Sumitomo Realty” or the “Company”), making Elliott one of the Company’s largest shareholders, note last week’s announcement from the Company.

We believe the Company’s “Policy on Utilizing Fixed Assets and Leveraging Strategic Shareholdings” lacks both ambition and urgency. This policy falls short in achieving capital efficiency, enhancing shareholder returns and reducing cross shareholdings. As a result, the Company’s valuation continues to suffer.

The Company’s asset sale target of ¥200 billion represents just a small fraction of Sumitomo Realty’s total leasing portfolio and may not be completed until the 2030s. Similarly, the Company’s 10-year timeframe to divest ¥400 billion of its portfolio of strategic shareholdings is far too long. Cross shareholdings remain an immediate concern and, in our view, are a key reason for the Company’s low shareholder approval at this year’s AGM.

Sumitomo Realty must expand its ambitions and accelerate the implementation of its envisioned policy. This would unlock capital for higher-return growth projects and increased shareholder returns, helping to address the Company’s persistent undervaluation. 

We will continue to work constructively with Sumitomo Realty’s management team and engage with other shareholders to address these issues and raise the Company’s corporate value.

About Elliott
Elliott Investment Management L.P. (together with its affiliates, “Elliott”) manages approximately $72.7 billion in assets as of December 31, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management L.P.

Media Contacts:

London
Alice Best
Elliott Advisors (UK) Limited
T: +44 203 009 1715
abest@elliottadvisors.co.uk

Tokyo
Brett Wallbutton
Ashton Consulting
T: +81 (0) 3 5425-7220
b.wallbutton@ashton.jp 

Industry-first approach to vector database security enables Fortune 500 companies to deploy AI at scale while meeting the most rigorous compliance requirements.

REDWOOD CITY, Calif. , Aug. 12, 2025 /PRNewswire/ — Zilliz, the company behind the most popular open-source vector database Milvus, today announced a major expansion of its enterprise security and compliance capabilities, empowering organizations in even the most regulated industries to deploy AI solutions with confidence, speed, and scale.

Security and compliance concerns are the primary obstacles keeping 70% of enterprises from scaling AI beyond pilot programs. Zilliz’s enhanced safeguards directly eliminate these barriers, enabling customers to advance from pilot to production in weeks rather than months while maintaining full regulatory compliance.

“Security and compliance are not features we add at the end — they are part of our foundation,” said Charles Xie, CEO of Zilliz. “We’ve built a platform that allows enterprises to unlock the value of unstructured data with the peace of mind that their AI applications are protected by world-class security and certified compliance from the ground up.”

Meeting the Rising Bar for AI Trustworthiness

Enterprise AI adoption now hinges on trust. Zilliz treats security as a strategic capability — embedding security-by-design, privacy across jurisdictions, and resilience at scale into the core of its platform so regulated organizations can innovate without hesitation.

The comprehensive framework combines global certifications with enterprise controls built for mission-critical workloads:

• Certified Trust — SOC 2 Type II and ISO/IEC 27001:2022 certifications with continuous third-party validation ensure adherence to the highest standards for security, availability, and confidentiality.
• Global Privacy Compliance — Full GDPR compliance for EU/EEA operations, HIPAA readiness for U.S. healthcare workloads, and official EU-U.S. Data Privacy Framework certification, including UK Extension and Swiss-U.S. DPF.
• Enterprise-Grade Safeguards — AES-256 encryption at rest and TLS 1.2+ in transit; private networking options; role-based access controls (RBAC); and detailed audit logging for full operational transparency
• Guaranteed Uptime — Enterprise SLAs delivering 99.95% availability with financial penalties for non-compliance, backed by automated backup, recovery, and disaster recovery across multiple regions.
• Complete Data Sovereignty — Bring Your Own Cloud (BYOC) deployment keeps sensitive data within customer security perimeters while delivering fully managed vector database performance.

From Open Source Innovation to Enterprise-Ready AI Infrastructure

Zilliz’s commitment to secure, compliant AI builds on its heritage as the creator of Milvus, the world’s most popular open-source vector database. The same performance and scalability that have made Milvus a global standard are now paired with enterprise protections designed to meet the demands of regulated industries.

“The future of AI will be defined not only by what is possible, but by what is responsible,” added Xie. “Our customers can innovate at the speed of AI, knowing their infrastructure meets or exceeds the world’s most rigorous security and compliance benchmarks.”

For more information about Zilliz’s trust framework and security capabilities, visit https://zilliz.com/trust-center.

About Zilliz

Zilliz builds next-generation database technologies that help organizations unlock the value of unstructured data and rapidly develop AI applications. Zilliz offers a fully managed, multi-cloud vector database service powered by open-source Milvus, supporting AWS, GCP, and Azure across 20+ countries.

Headquartered in Redwood City, California, Zilliz is backed by leading investors, including Aramco’s Prosperity7 Ventures and Temasek’s Pavilion Capital.

HONG KONG, Aug. 12, 2025 /PRNewswire/ — Sino Jet has officially incorporated the Gulfstream G650ER into its charter fleet. Recognized globally as a benchmark for ultra-long-range business jets, this model will expand long-distance travel options for private jet clients, particularly satisfying the needs of intercontinental business travel.

The Gulfstream G650ER is renowned for its ultra-long-range capability of 13,890 kilometers, allowing for nonstop flights such as Beijing to New York and Singapore to London. With a maximum cruise speed of Mach 0.925, it is one of the fastest business jets in the world. The aircraft features a 15-seat cabin designed with advanced noise-reduction technology and a fully pressurized cabin system, maintaining a comfortable cabin altitude of 2,400 meters even on flights exceeding 10 hours. Since its entry into service in 2012, the G650ER has set more than 125 city-pair speed records, making it one of the most preferred aircraft for intercontinental travel among high-net-worth individuals and global business leaders.

As the operator with the largest fleet of Gulfstream G650 aircraft worldwide, Sino Jet aims to enhance its charter services by introducing this flagship model. A representative from Sino Jet commented, “The G650ER will be based in Asia and will complement our existing models, such as the G550. By leveraging the differences in cabin capacity, range efficiency, and operating costs, we can offer our clients more tailored aircraft solutions that precisely meet their needs”.

Sino Jet, headquartered in Beijing, has operational bases in over 20 cities across the globe, including key locations in China, Southeast Asia, the Middle East, North America, and Europe. The company provides a comprehensive range of services, including aircraft procurement, management, charter, ground services, business aviation terminal operations, and luxury travel, delivering business aviation solutions through “seamless integration of ground and air services” to clients worldwide. With a fleet size that has been the largest in the Asia-Pacific region for six consecutive years, Sino Jet is renowned for its commitment to the highest safety standards, its robust comprehensive service capabilities, and its innovative approach in the business aviation industry, earning it the distinction of being the World’s Leading Business Aviation Company for many years.

For queries please contact:
Sino Jet Marketing Department
Telephone: (+852) 2588 7007 / (+86 10) 8416 2637
Email: marketing@sinojet.org / marketing@sinojet.org.cn
Website: http://www.sinojet.org/

GUIYANG, China, Aug. 11, 2025 /PRNewswire/ — A news report by Huanqiu.com

As the digital economy develops rapidly, computing power has become the core engine driving the industrial development. Relying on its forward-looking layout plan and unique resource advantages, Guizhou province has achieved a critical leapfrog in China’s “East-Data-West-Computing” strategic blueprint, and transformed into a frontline hub and innovation highland of computing power supply today from a rear base of data storage in the past.

With the explosive growth of AI, the intelligent computing demand has increased quickly since the beginning of this year. To become a frontrunner in the intelligent computing sector, Guizhou has taken the lead in building a computing power highland. Its computing power has totaled 85 Eflops, where intelligent computing accounts for over 98% and reaching a homemade rate of approximately 90%. Guizhou has become one of the regions in possession of the most powerful homemade intelligent computing capacities in China.

Such extraordinary intelligent computing power is pillared by robust digital foundation. Currently a total of 48 key data centers are under construction or in service in Guizhou, including 28 large-scale data centers with a total storage capacity of up to 25EB, equivalent to the size of 5 billion HD movie files of 5GB each. This means that Guizhou is capable of efficiently bearing the load of valuable data resources required for AI training such as texts, images and videos. It is thoroughly repositioning the big data industry to transform from a storage center to the mode of integrating storage and computing with priority given to intelligent computing.

The upsurge of computing power depends on resilient energy supply, and the electricity consumption data demonstrate the bursting vitality of the intelligent computing sector in Guizhou. According to the statistics from the Gui’an Power Supply Bureau, the data center cluster increased its electricity consumption by 54.25% on a year-on-year basis in Gui’an New Area, Guiyang City, in the first quarter of 2025, while the big data centers had the most noticeable growth in their electricity consumption, up to 517.18% year on year. To meet such soaring power demand, Gui’an Power Supply Bureau has made forward-looking deployment for developing an energy supply system, by constructing one 220kV substation, four 110kV substations and one hundred and thirty 10kV dedicated transmission lines, thereby forming a safe and reliable power supply network.

Faced with the exponentially growing energy demand caused by large AI models, Guizhou has actively explored a path of green development to convert its rich green electricity resources into a deadlock breaker. Whilst hydropower and coal-fired power provide a solid foundation for energy supply, the installed capacity of new energy supply facilities has been growing fast as well, and registered 34.98GW by the end of May 2025, accounting for 35% of Guizhou’s total capacity, making new energy the second largest power source in Guizhou.

The installed capacity of new energy supply facilities has been expanded continuously, and the construction of the power grid has upgraded meanwhile. Gui’an New Area kicked off the construction of a 500kV substation this year. After being put into operation, this substation will increase a 4GW capacity locally, to effectively support the electricity needs of Huawei, Tencent and other large data centers. Till then, the main grid structure of Gui’an New Area will take on a new look of “one ring, three cores and three zones”.

Policy support acts as a key booster of Guizhou’s computing power development. In November 2024, Guizhou released the revised edition of the Management Measures of Guizhou for Computing Power Vouchers, sending out a strong positive signal. According to the Measures, adaptation and model training services for domestic computing power are included in the scope of the Computing Power Vouchers incentive policy, and will receive a financial subsidy based on a ratio of 30%, with the upper limits of 1.5 million yuan and 5 million yuan, respectively. The policy effect quickly emerged so that as of January 2025, Guizhou had issued 177 vouchers nationwide, which would facilitate computing power transactions of more than 10.5 billion yuan.

In 2025, Guizhou will further reinforce its computing power strength, and advance the construction progress of projects worth over 7.5 billion yuan, covering the Huawei Cloud Global Computing Center. Pilot efforts will be made for a national integrated computing power network to promote the coordination of electricity and computing, and also networking and computing. The computing power voucher policy will be further consummated to drive computing power businesses to an estimated beneficiary scale of 12 billion yuan.

The rise of Guizhou vividly interprets the optimal resource allocation under the national strategy of “East-data-west-computing”, and clarifies the new paradigm of propelling high-quality development with green computing power. Different from a simple industrial shift, west China proactively redefines a digital future by fully leveraging its resource endowment and innovation courage. Computing power is underpinning the coordinated regional development across China in this era when productivity is reshaped by computing power.

SINGAPORE, Aug. 12, 2025 /PRNewswire/ — Award winning global forex trading platform weltrade.com is proud to announce its new brand ambassador: FC Bayern Munich international football star Luis Díaz.

The collaboration marks the launch of the company’s bold new campaign, “Faster, Better, Stronger,” aimed at inspiring a new generation of forex traders.

The campaign reflects the shared values between Luis Díaz and Weltrade—speed, resilience, precision, and ambition. With a dynamic rollout across digital platforms, the initiative fuses the world of elite sport with high-performance trading.

Through storytelling, Díaz will bring Weltrade’s mission to life, helping users across Asia trade with greater confidence and momentum.

            “Speed and precision are everything—on the field and in life,” said Luis Díaz. “I’m proud to partner with Weltrade to inspire people across Asia to take charge and trade with purpose. Together, we’re going faster, better, stronger.”

The campaign’s visual identity is rooted in movement and intensity, drawing on Díaz’s athleticism and Weltrade’s reputation for lightning-fast execution. This partnership not only elevates the brand’s regional presence but also deepens its connection with a fast-growing community of Asia traders.

            “Luis embodies the spirit of resilience, precision, and ambition—values that are core to our mission at Weltrade,” said Weltrade CEO Ilya Ilyasov . “This partnership marks a new era of dynamic engagement, and we’re thrilled to have him champion our journey forward.”

The “Faster, Better, Stronger” campaign will debut this month across Weltrade’s digital channels and regional media, including exclusive behind-the-scenes footage and limited-time offers for Asia-based users.

About Weltrade

Weltrade is a global financial services company offering advanced online trading solutions for retail and professional clients. Since 2006, Weltrade is trusted by over 100,000 traders worldwide for its transparency, security and high-speed trading experience.

Why Choose Weltrade

Weltrade’s smarter innovative, cutting-edge financial trading products are designed to help you achieve financial freedom.

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Fully regulated broker licensed broker by the FSCA, SVGFSA, employing advanced data security measures, including SSL encryption.

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Better trading with a wide choice of account choices and smarter trading tools.

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Enjoy low swap fees and tight spreads with our Weltrade Pro account, designed to give you the edge.

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Weltrade actively attracts traders from around the world not only with its high-quality service and user-friendly platform, but also with generous bonus programs. One of the most appealing offers is the first deposit bonus, which ranges from 50% to 100%, depending on the type of account chosen by the user.

Weltrade isn’t just a broker, we’re your partner in trading success helping you to achieve your financial goals. Ready to get started? Join Weltrade today and experience the difference.

www.weltrade.com