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Cyberport Leads Nine Start-ups to Join WAIC 2025

Project from the Artificial Intelligence Subsidy Scheme Shortlisted for Top 30 of the SAIL Award


HONG KONG SAR – Media OutReach Newswire – 29 July 2025 – World Artificial Intelligence Conference 2025 and High-level Conference on Global Governance of Artificial Intelligence” (WAIC 2025) held in Shanghai has successfully concluded. This year, Cyberport led nine community members to participate in the event, among which three start-ups: Canpanion, Votee AI and YouToo Robot, were recognised for their exceptional innovation and successfully selected as the “WAIC 2025 Future Tech”. Additionally, one of the approved projects under the Artificial Intelligence Subsidy Scheme (AISS), which is led by the Hong Kong Polytechnic University (PolyU), along with projects from three leading AI enterprises at Cyberport, including iFlytek, and Baidu Apollo, were shortlisted for the Top 30 of the “Super AI Leader Award” (SAIL Award). Notably, the joint innovative project by Biren Technology won the SAIL Award this year. These achievements highlight Hong Kong’s competitiveness in the field of AI and its contributions to promoting high-quality development both locally and nationally.

Cyberport led nine community members to participate in WAIC 2025.
Cyberport led nine community members to participate in WAIC 2025.

WAIC 2025 centred around the theme of “Global Solidarity in the AI Era”. The conference brought together global experts, scholars, entrepreneurs, government officials, international organisations, and investors, creating a platform for collaboration and showcasing cutting-edge AI solutions. This year, Cyberport again led start-ups to participate in the “Hong Kong Pavilion” established by the Hong Kong Trade Development Council (HKTDC), showcasing Hong Kong’s AI innovations to global audiences. The exhibits include a wide range of innovative applications, such as AI education platforms, fall risk management systems, smart training systems, smart city applications, and AI content generation platforms, fully demonstrating Hong Kong’s strength in the Innovation and Technology (I&T) sector. (For details of the participating start-ups, please refer to the appendix.)

At the opening ceremony, Premier Li Qiang of the State Council presented three suggestions for advancing AI development and global governance: promoting the dissemination and application of outcomes; strengthening cooperation in innovation and open-source initiatives; and building a secure and trustworthy global governance framework.

As Hong Kong’s AI accelerator, Cyberport is advancing several key initiatives in related fields. Through the AISS, Cyberport promotes the transformation of local research and development (R&D) and application projects, fostering the realisation of AI outcomes. In promoting open-source cooperation, the “Cyberport Open Source Community” was established in June this year to provide computing power through Cyberport’s Artificial Intelligence Supercomputing Centre (AISC), supporting open-source technology testing and application. Furthermore, in building a governance system, Cyberport has partnered with various sectors, including the international organisation World Digital Technology Academy (WDTA), to establish the “WDTA Asia-Pacific Institute” at Cyberport, promoting regional governance standards and global cooperation, thereby contributing to the creating of a safe, trustworthy, and responsible AI ecosystem and demonstrating Hong Kong’s proactive role in global AI development.

Rocky Cheng, CEO of Cyberport, stated “AI is rapidly becoming a key driver of new quality productive forces. As Hong Kong’s digital technology hub and AI accelerator, Cyberport is proud to lead nine outstanding community members to this year’s WAIC, three of whom have been selected for the ‘WAIC 2025 Future Tech’. Additionally, one of the use cases from the ‘Artificial Intelligence Subsidy Scheme’ has been shortlisted for the Top 30 of the prestigious SAIL Award, showcasing innovative application solutions to the world and highlighting Hong Kong’s technological capabilities. Cyberport and our community members will continue to leverage our strengths in line with the development strategies of the HKSAR Government and the nation, focusing on research and development and transformative real-world applications in areas such as AI, green technology and Fintech. We will keep welcoming key enterprises from various tech sectors and promoting digital transformation for both society and businesses, contributing innovative power and economic value to the technological innovation and high-quality development of Hong Kong and beyond.”

To foster innovation, this year’s “Future Tech Innovation Incubation Exhibition Special Zone” featured some of the world’s most promising AI start-ups, including three Cyberport start-ups: Canpanion, which develops AI-driven education and psychology ecosystems; Votee AI, focusing on AIGC technology for governments and enterprises; and YouToo Robot, specialising in industrial AI operation and maintenance. They were selected as “WAIC 2025 Future Tech” in recognition of their forward-looking solutions, growth potential, and commercial value; notably, Votee AI and YouToo Robot have been recognised as “Future Tech” for the second consecutive year. Moreover, other start-ups including FireAlert, LAiPIC, Laiye, Lidarvision, RealAI, and HK Simfinity showcased their AI applications at the event, allowing attendees from around the world to experience Hong Kong’s I&T scene.

Additionally, one of the approved projects under the AISS, titled “Enhancing Edge-based Foundation Models for Advanced Reasoning”, developed by PolyU, along with projects from strategic enterprises at Cyberport, including iFLYTEK’s “AI Learning Tablet: A Personalised Learning Device Empowered by Spark Large Model”, and Apollo Go‘s “Autonomous Ride-hailing Platform”, were shortlisted for the Top 30 of the SAIL Award. Biren Technology‘s joint project on the “Distributed OCS All-Optical Interconnection Chips and Super-node Application Innovation Solution” won the SAIL Award, the highest honour at WAIC. This award aims to identify globally recognised AI projects that significantly enhance human well-being, thereby encouraging technological breakthroughs, application innovations and governance explorations.

During the conference, Cyberport also co-organised a forum entitled “The Bay Area Hub in the Age of AI: Hong Kong’s New Vision for the Smart Economy” with the HKTDC and the Hong Kong Science and Technology Parks (HKSTP) to explore Hong Kong’s strategic positioning in the development of the smart economy. The forum features speakers from leading technology enterprise including Chairman of Suanova Technology Douglas Fang, Prof Guo Yike, Provost of the Hong Kong University of Science and Technology (HKUST) and Director of HKGAI, and Prof Yang Hongxia, Executive Director of the PolyU Academy for Artificial Intelligence, Associate Dean (Global Engagement) of Faculty of Computer and Mathematical Sciences, who shared insights on the application and future development of AI technology.

Additionally, a panel discussion, moderated by Dr Crystal Fok, Director of AI Applications at Cyberport, included Hendrick Sin, Chairperson of the Committee of the AISS, Alvin Li, Head of Supervisory Technology at the Hong Kong Monetary Authority (HKMA), Liu Hui, General Manager of Hong Kong Inspur Cloud Company, and Guanchun Wang, Chairman of Laiye Technology to discuss how Hong Kong can leverage its international advantages to foster cross-regional cooperation, exploring aspects such as government funding, financial regulation, enterprise settlement, and the international expansion of start-ups.

With the AISC, the largest in Hong Kong, commencing operation in December last year, Cyberport actively promotes the local R&D and applications, with the AISC and AI Lab as the core engines to achieve more scientific research breakthroughs. This year, its computing power will gradually increase to 3,000 PFLOPS to meet the industry’s growing demand for R&D. Cyberport also collaborates with over 400 AI and data science start-ups and works with local colleges, R&D institutions and enterprises to fully utilise the computing resources of the AISC to promote AI technology and R&D, empowering digital and intelligent transformation of industries, promoting the digital economy and AI development, and supporting Hong Kong in realising its vision of becoming an international AI and I&T hub.

Appendix I – Cyberport start-ups participating in the World Artificial Intelligence Conference (WAIC) 2025 (in alphabetical order):

Company Name Description

Canpanion Group Limited Canpanion is crafting the best internationally recognised psychological and educational AI expert for Asian, built on high-quality international standards and integrated with local data and best practices, empowering game changers of tomorrow. It has built an AI education ecosystem and developed an AI-powered assessment and training system, a data analysis platform, AI campus assistants, AI professional teachers and intelligent robots. It has established partnerships with more than 100 organisations and stakeholders from various sectors, including the Hong Kong Digital Policy Office, the Hong Kong University of Education, Zhejiang University, Nantong Psychology Association, Cyberport and City University of Hong Kong.
FireAlert FireAlert is a leading AI solutions provider in Hong Kong, specialising in Retrieval-augmented generation (RAG), Inference AI and Agentic AI technologies. FireAlert provides secure, reliable and locally deployed solutions that combine a dynamic knowledge base with multimodal interaction capabilities to empower organisations to achieve data-driven decision making.
LAiPIC AI Technology Company Limited LAiPIC.AI is a Chinese AIGC enterprise awarded the national-level “Little Giant” title for specialization, refinement, distinctive features and innovation. Since its establishment on July 30, 2015, it has launched products such as AI animation generation (Doratoon), AI interactive agent (Vinabot), and AI multilingual barrier-free simultaneous interpretation (InnAIO). It has served over 30 million users worldwide, covering more than 180 countries and regions, with branches in Hong Kong, Tokyo, Singapore, Dubai, Los Angeles, Paris and other locations, and has always been committed to realizing the next-generation interaction methods for global users through AI.

Laiye Technology HK Limited With the vision of Building AI Agents for Everyone, Laiye Technology is a leading enterprise in the field of global intelligent automation, and a National-Level Specialised and Innovative “Little Giant” Enterprise. Their solutions cover the core scenarios of finance, human resources, customer service, marketing, sales, production and supply chain from simple tasks to complex processes, and through end-to-end intelligent automation, the company are able to reconstruct the human-machine collaboration model, achieve cost reduction and increase efficiency, and unleash the potential of organisational innovation. The company serves more than 3,000 clients, including 300 Fortune 500 companies.
Lidarvision Limited Founded in 2021, Lidarvision is focused on providing standardised, fall detection AI systems based on 3D LiDAR technology while maintaining strict user privacy and security. The company’s vision is to be able to quickly detect falls in indoor environments and notify caregivers at the earliest opportunity. Leveraging its extensive experience in AI and 3D LiDAR technologies, Lidarvision is committed to improving the quality, performance and execution of its software with the goal of outperforming its competitors on all fronts.
RealAI Technology HK Limited RealAI was established in July 2018 with the support of Tsinghua University’s Institute for AI Industry Research. It focuses on AI safety and large model applications, building trustworthy, reliable and expandable third-generation AI. It strives to achieve commercialization in the fields of government, finance, education, and security by building large model safety and AI forgery content detection platforms, empowering the new quality of productive forces.
HK Simfinity Holdings Limited HK Simfinity specialises in AI+XR+IoT intelligent training solutions. Its SimCloud platform seamlessly integrates large-scale AI models, virtual reality and IoT technologies to provide immersive training systems for high-growth industries such as healthcare and aviation. The company has collaborated with the Faculty of Medicine of the Chinese University of Hong Kong, Sinopec, Red Cross, and Cathay Pacific. It is also an ecosystem partner for the deployment and testing of the Amazon Cloud Deepseek project, and maintains a strategic partnership with Qualcomm.

Votee AI Limited Based in Hong Kong, Votee AI is an innovative company focusing on AIGC technology for government and enterprise, dedicated to providing cutting-edge AI solutions to solve real business challenges, enhance operational efficiency, and create greater value. Leveraging deep local market presence and insights gained over years, we possess a profound understanding of the unique needs of Hong Kong’s government, enterprises, and users. Through our proprietary Cantonese Large Language Model (LLM), multi-dialect support capabilities, and secure on-premises AI Agent platform, we deliver AI solutions that are precisely tailored to meet local market demands.
YouToo Robot (HK) Limited YouToo Robot is an innovative enterprise focusing on industrial AI, with a core team from The Chinese University of Hong Kong with rich experience in industrial automation and entrepreneurship. The company uses its self-developed industrial vertical AI model to enter the manufacturing industry’s digitalization scene, and builds NexFactory, a sustainable learning intelligent operation and maintenance product, which solves the problems of equipment troubleshooting and knowledge transfer. NexFactory has been recognised as one of the “Top 100 Industrial APPs” by the Ministry of Industry and Information Technology of the People’s Republic of China (MIIT), selected for the Hong Kong Cyberport Incubation Program, and invested by TusStar and SF Capital.

Hashtag: #Cyberport

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

About Hong Kong Cyberport

Wholly owned by the Hong Kong Special Administrative Region (HKSAR) Government, Cyberport is Hong Kong’s digital tech hub and AI accelerator, with a vision to empower industry digitalisation and intelligent transformation, to promote digital economy and AI development, and to foster Hong Kong to be an international AI, innovation and technology (I&T) hub. Cyberport gathers over 2,200 companies, including 5 listed companies and 7 unicorns. One-third of onsite companies’ founders come from 26 countries and regions, while Cyberport companies have expanded to over 35 global markets.

Cyberport, with Hong Kong’s largest AI Supercomputing Centre and AI Lab as the engine, has been building the AI ecosystem with industry-leading AI companies and over 350 AI and data science start-ups. Through development of tech clusters, namely AI, data science, blockchain and cybersecurity, Cyberport empowers industries across smart city and government, banking and finance, digital entertainment, culture and tourism, healthcare, education and training, property management, construction, transportation and logistics, green environment and more, while hosting Hong Kong’s largest FinTech community. Commissioned by the HKSAR Government, Cyberport has implemented proof-of-concept and sandbox schemes, subsidisation for digital tech adoption, industry tech training and start-up incubation, to drive technology R&D, translation and commercialisation, thus propelling digital transformation and intelligent upgrade across industry and society.

Also as Hong Kong’s key incubator, Cyberport supports entrepreneurs with funding and office space, extensive networks of enterprises, investors, technology corporations and professional services for business growth and expansion to Mainland China and overseas markets, all-round facilitation for landing in Hong Kong, talent attraction and cultivation, ready as a launchpad to take start-ups in any stages of development to the next level.

For more information, please visit .

Embark on a ‘Live in Style’ Escape at Premier Residences Phu Quoc Emerald Bay

PHU QUOC, Vietnam, July 29, 2025 /PRNewswire/ — For those who believe travel is more than just a destination, but a reflection of personal style and inspiration, Premier Residences Phu Quoc Emerald Bay invites you to Live in Style. This is not just a vacation, but a curated journey where every detail encourages you to live boldly, express freely, and unwind beautifully.

Resort Overview - Premier Residences Phu Quoc Emerald Bay
Resort Overview – Premier Residences Phu Quoc Emerald Bay

Set along the powdery white sands of Kem Beach, ranked among the world’s top 100 most beautiful beaches, the resort strikes the perfect balance between contemporary design and untouched natural surroundings. With 752 modern rooms, from cozy studios to spacious apartments, penthouses, and villas, guests can wake up to golden sunrises over emerald waters and step straight into a day filled with vibrant experiences.

Unforgettable family moments at Premier Residences Phu Quoc Emerald Bay
Unforgettable family moments at Premier Residences Phu Quoc Emerald Bay

From gentle yoga at sunrise to bike rides through lush gardens, from serene moments by the pool to energetic beach games, everything here is designed to inspire a lifestyle of wellness and joy. And when it comes to fun and discovery, the resort’s summer programs are where the “Live in Style” philosophy truly comes alive:

  • Vietnamese cooking classes with a certificate to take home, become a chef with flair
  • Creative coffee workshops that blend craft and curiosity for all ages
  • A lively pool zone featuring southern Phu Quoc’s longest pool, colorful slides, and water games

Dining is an elevated experience at Clubhouse restaurant, where guests can indulge in the signature dishes, celebrating local ingredients from forest to ocean. For a modern twist, the restaurant also offers bold burger and fried chicken combos paired with Sun KraftBeer — a local German-style craft beer made for those with adventurous taste.

Exciting Activities at Premier Residences Phu Quoc Emerald Bay
Exciting Activities at Premier Residences Phu Quoc Emerald Bay

Just a short 10-minute drive from the resort, Sunset Town awaits — a vibrant coastal haven where art, love, and festival spirit come together. Wander hand in hand across the iconic Kiss Bridge, be dazzled by the “Kiss of the Sea” show — a mesmerizing spectacle of light, water, and storytelling, and wrap up your evening with a breathtaking fireworks display over the ocean, creating unforgettable memories for the whole family.

Whether you’re reconnecting with nature, seeking culinary surprises, or exploring cultural gems, Premier Residences Phu Quoc Emerald Bay offers a getaway that’s not only refreshing, but deeply personal.

Skyborn enters Preferred Supplier Agreement with Fred. Olsen Windcarrier for Gennaker offshore installation vessel

  • Gennaker’s offshore wind turbine transportation and installation will be performed by Fred. Olsen Windcarrier (Fred Olsen).
  • Installation of 63 offshore wind turbines during 2028 in the German Baltic Sea.
  • Gennaker will add up to 976.5 MW to Germany’s renewables capacity*.

HAMBURG, GERMANY – EQS Newswire – 29 July 2025 – Skyborn Renewables (Skyborn) is proud to announce an entry into the Preferred Supply Agreement (PSA) with Fred. Olsen Windcarrier for the offshore transportation and installation of the wind turbines generators for the Gennaker offshore wind farm in the Baltic Sea. The Charter Party Agreement is expected to be signed later in 2025.

Fred. Olsen Windcarrier's installation vessel - Brave Tern ©Fred. Olsen Windcarrier
Fred. Olsen Windcarrier’s installation vessel – Brave Tern ©Fred. Olsen Windcarrier

Offshore installation at sea of the 63 turbines is set to begin in 2028 and will be performed by Fred Olsen Windcarrier’s installation vessel – Brave Tern. The selected self-elevating and self-propelled jack-up offshore wind turbine installation vessel is designed and built to align with Skyborn’s commitment to excellence in safety and operations. The vessel can handle all next-generation turbines due to its unique 1,600 tonnes crane.

The PSA signed on 24 July 2025 solidifies the longstanding, trusted partnership between Skyborn and Fred. Olsen Windcarrier.

“After last weeks’ successful agreements for the wind turbines supply and their long-term service, this newly formed arrangement with Fred. Olsen Windcarrier is another step towards Gennaker becoming a reality. With Fred. Olsen Windcarrier’s long lasting experience in offshore wind, Gennaker will benefit from state-of-the-art offshore installation capacity. Gennaker, our blue-print project, is the showcase of our end-to-end delivery capabilities, with standardized process to bring new offshore wind projects to life every 12 to 18 months.” says Patrick Lammers, Skyborn CEO.

“We are extremely proud to enter the Preferred Supply Agreement (PSA) with Skyborn for the offshore transportation and installation of the wind turbines generators for the Gennaker offshore wind farm. This agreement demonstrates our long-term commitment to offshore wind and underlines the strong and trustful relationship between the companies. With our strong experience from the Baltic Sea region, we look forward to the execution of the Gennaker project together with Skyborn and all the local stakeholders and suppliers on the project” says Haakon Magne CEO at Fred. Olsen Windcarrier.

With a capacity up to 976.5 MW, Gennaker is to become the largest offshore wind farm in the German Baltic Sea to date. Located approximately 15 kilometers north of the Fischland-Darß-Zingst peninsula, the project area sits within a designated priority zone for offshore wind energy in the Mecklenburg-Western Pomerania coastal sea. Skyborn secured the initial building permit for the Gennaker site in May 2019 and maintains site exclusivity for development. Once commissioned, the project will supply approximately 1 million people with green electricity. Gennaker is planned to be commissioned in 2028.

*Capacity as applied for, in the permit application for Gennaker offshore wind farm.

This press release and picture are available at: https://www.skybornrenewables.com/articles/newsroom/Gennaker_PSA_offshore_installation_vessel

Hashtag: #Skyborn

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

About Skyborn Renewables

Skyborn is an accomplished offshore wind developer and operator with more than 20 years’ experience, headquartered in Germany. The company’s capabilities cover the entire offshore wind value chain, including greenfield development, project engineering and design, procurement, financing, corporate power purchase agreements, construction management and asset management. Skyborn is a portfolio company of New York based Global Infrastructure Partners (GIP), a leading infrastructure investor and part of Blackrock.
For more information, visit:
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About Fred. Olsen Windcarrier

Fred. Olsen Windcarrier offers innovative and tailored services for the transport, installation, and maintenance of offshore wind farms. The company was established in 2008 to service the growing offshore wind sector and has installed more than 1100 wind turbines offshore – which is more than 20% of all offshore wind turbines worldwide outside China. Fred. Olsen Windcarrier operates the three self-elevating jack-up vessels – Bold Tern, Brave Tern and Blue Tern.
For more information, visit:
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Greater Bay Area Residential Market Largely Stabilized, Although Sentiment in Q2 2025 Marred by Geopolitical Risks

Logistics Portfolio Investment Transactions Gain Attention, Neighborhood Retail Assets Becoming Sought After

  • Greater Bay Area (GBA) cities continued to extend property-related easing policies from last year through the 1H 2025 period, with a focus on alleviating financial pressure on the supply side and supporting overall residential market sentiment
  • However, transaction activity slowed from April 2025, impacted by uncertainties from the trade tariff war, with 1H 2025 GBA primary residential sales numbers growing slightly at 3% y-o-y
  • Total investment volume in the GBA commercial real estate (CRE) market reached RMB24.7 billion in 1H 2025, accounting for more than 31% of the overall Chinese mainland investment market
  • The industrial/logistics sector’s share of total GBA CRE investment expanded notably with several large-sized logistics portfolio deals recorded, while neighbourhood retail malls also captured interest

HONG KONG SAR – Media OutReach Newswire – 29 July 2025 – Global real estate services firm Cushman & Wakefield today published its Greater Bay Area Residential and Commercial Real Estate Investment Market 1H 2025 Review and 2H Outlook. Local governments across GBA cities continued the real estate policies introduced last year through the 1H 2025 period to continue to support a stable market recovery, including easing restrictions on the demand side and alleviating financial pressures on the supply side. From January to March, primary residential market transaction numbers and prices demonstrated growth. Regardless, market sentiment has been weakened since April by uncertainties surrounding the trade tariff war, again prompting potential home buyers to adopt a wait-and-see approach, and resulting in a pause in the upward momentum in home prices. GBA primary residential sales numbers through 1H 2025 recorded mild y-o-y growth of 3%. As for the CRE investment market (large-sized deals at >RMB100 million), property owners have adjusted their expectations. The industrial/ logistics sector accounted for more than 50% of the total GBA investment consideration in 1H 2025, with several large-sized logistics portfolio deals recorded. At the same time, the market has seen increasing interest in the neighborhood retail sector, where assets with stable rental yields are gaining investors’ attention. We expect to see more high-quality retail assets transacted in the second half of the year.

GBA Residential Market

Following the Central Government’s reiteration of the need to halt the real estate market decline and spur a stable recovery in its 2025 work report, both the Central Government and GBA local governments continued to extend market-easing real estate policies from last year through the 1H 2025 period. Measures on the demand side, such as “four cancellations” and “four reductions” were extended. Authorities also focused on alleviating financial pressures on the supply side, aiming to strengthen overall market sentiment and boost buyer confidence. Key initiatives included promoting the launch of special-purpose bonds to reclaim and acquire idle land and unsold residential units. Notably, Guangzhou became the first Tier-1 city in the country to fully abolish the “three restrictions” in housing policy.

The GBA primary residential market showed resilience in the Q1 period despite being the traditional off-season. Monthly transaction numbers from January to March expanded on the same period last year. However, starting from April, greater uncertainties surrounding the trade tariff war weighed on overall economic performance and dampened residential market sentiment. In turn, more potential home buyers adopted a wait-and-see approach. New home sales in April fell by 16% from March, while May and June remained largely stable. The GBA primary residential market recorded approximately 137,000 transactions in the 1H 2025 period, up slightly at 3% y-o-y, with Tier-1 cities such as Guangzhou and Shenzhen showing significant growth. However, comparing with the significant recovery following last year’s introduction of aggressive easing policies, the 1H 2025 total transaction number was down 26% from the 2H 2024 level (Chart 1).

Chart 1: GBA First-Hand Residential Sales
Source: CREIS, Cushman & Wakefield

In terms of home prices, primary market prices are more swayed by the quality level of newly launched projects. First-hand residential prices in the nine GBA mainland cities showed mixed performances in 1H 2025. Developers generally adopted more realistic pricing strategies to attract buyers, actively offloading inventory to improve cash flow. For secondary home prices, which better reflect current underlying trends, and using Shenzhen as an example, the Cushman & Wakefield Shenzhen mid-to-high-end secondary home price index strengthened by 4.0% from the Q4 2024 level. However, as market sentiment turned more cautious from April, overall prices experienced downward pressure and recorded a q-o-q decline of 4.4% in Q2, bringing the year-to-date adjustment to a modest -0.5% (Chart 2).

Chart 2: Shenzhen Mid-to-High-End Secondary Home Price Index
Source: Cushman & Wakefield

Alva To, Cushman & Wakefield’s Vice President, Greater China & Head of Consulting, Greater China said, “With central and local governments continuing to relax demand-side policies, and with the central government actively promoting the development of “Good Housing,” we expect pent-up demand from both first-home buyers and upgraders to be further released. Through the past six months, local governments have accelerated the implementation of special-purpose bonds to reclaim and acquire idle land and unsold units, helping to alleviate developers’ financial pressures and promote supply-demand balance in the housing market. These efforts should also support potential homebuyers’ confidence and, in turn, a stable recovery in the GBA residential market. In the 1H 2025 period, new home sales numbers stood out in Guangzhou and Shenzhen, indicating that high-quality residential units, in prime locations in first-tier cities, at reasonable prices continue to be sought after despite market volatility.

“However, uncertainties surrounding trade tariff policies contributed to weaker sentiment in the GBA residential market in Q2, and the restoration of market confidence is expected to take time. We believe that, even if China-U.S. trade tensions show sign of easing in 2H 2025, lingering uncertainty may keep buyers cautious through the Q3 period, and residential transaction numbers are not likely to strengthen significantly. Nonetheless, fundamental housing demand from first-time homebuyers and upgraders is likely to provide continuous support to the GBA residential market. We forecast average monthly new home sales to record around 27,000 to 28,000 units in 2H 2025, bringing the full-year 2025 transaction number to approximately 300,000 units. Meanwhile, home prices are still facing downwards pressure, with a full-year price correction estimated in the range of a 0%–5% decline.”

GBA CRE Investment Market

The GBA CRE property investment market remained resilient in the 1H 2025 period, with total investment volume reaching RMB24.7 billion, marking a 108% increase compared to the same period last year, and accounting for around 31% of total investment volume in the Chinese mainland (see Chart 3). Among the 35 transactions, 31 were at less than RMB1 billion, reflecting that investors remain cautious on big-ticket transactions.

Chart 3: CRE Investment Transactions in the GBA (2020 – 1H 2025)
Source: Cushman & Wakefield

By property type, industrial and logistics assets accounted for the largest share of total CRE property investment in the GBA by transaction value in 1H 2025, with 14 related deals making up more than half of the total investment volume (see Chart 4). Within the industrial and logistics transactions, Tier-2 cities including Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, Zhaoqing, and Huizhou, recorded a combined transaction volume of RMB9.6 billion, comprising both logistics portfolios and individual warehouse deals. Dongguan, classified as a Tier-2 city, stands out as a top choice for logistics investment due to its strategic location, making it the most desirable logistics hub within the GBA and a key focus for investors.

Investment interest in the neighborhood retail sector also continued to heat up in the 1H period. Assets with stable rental yields and mature operations are favored by the market, attracting a diverse range of buyers. A total of nine retail sector transactions were recorded in the GBA in 1H 2025.

Chart 4: Share of Asset Type in the GBA CRE Investment Market (by Transaction Volume)
Source: Cushman & Wakefield

Charli Chan, Cushman & Wakefield’s Deputy Managing Director, Capital Markets, China
commented,

“Looking ahead to 2H 2025, among the various types of investment properties, we believe the logistics and commercial sectors will continue to outperform. With the ongoing expansion of cross-border e-commerce, demand for logistics assets has remained strong and continues to attract investor attention. However, the GBA’s warehouse market is expected to see a heavy new supply pipeline over the next two to three years, which will likely lead to a rise in vacancy rates and exert downward pressure on rents. Moreover, since the onset of the China–U.S. trade tensions, market sentiment has become more volatile. Logistics asset owners have become more pragmatic, allowing for greater room in price negotiations. This has helped narrow the expectation gap between buyers and sellers, potentially facilitating more transactions in logistics and warehouse facilities. We believe institutional and long-term investors will seize this opportunity to hunt for value. On the other hand, we expect to see more transactions involving high-quality commercial assets in the 2H 2025 period. Benefiting from the spillover of Hong Kong residents’ spending power and a shift toward mid- to lower-end consumption, well-performing shopping centers and community retail malls are gaining market traction and interest from potential investors. However, mall owners in Tier-1 cities tend to be more reluctant to sell, whereas owners in Tier-2 cities are more pragmatic, making retail projects in mature communities the preferred investment sectors for insurance companies and real estate funds.”

Please click here to download photos.
Photo 1: Alva To, Cushman & Wakefield’s Vice President, Greater China & Head of Consulting, Greater China (Left), and Charli Chan, Cushman & Wakefield’s Deputy Managing Director of Capital Markets, China (Right)
Hashtag: #Cushman&Wakefield

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

About Cushman & Wakefield

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

Sino Jet Wins Two Awards at the China Finance Summit 2025

HONG KONG, July 29, 2025 /PRNewswire/ — The 14th Finance Summit and the New Quality Productive Entrepreneurs Conference 2025 have successfully wrapped up in Shanghai. At this distinguished event, where industry leaders gathered to delve into the driving forces behind China’s economic transformation and growth, Sino Jet, a leading business aviation company in the Asia-Pacific region, garnered significant attention by receiving two prestigious awards: the “Technological Innovation Leadership Award” and the “Digital Intelligence Innovation Leadership Award”. This accolade marks Sino Jet’s ongoing recognition at the Finance Summit over the years and further highlights the company’s technological prowess and influential role in the business aviation industry.

Empowering the Industry through Digital Intelligence Transformation, Pioneering a New Era in Business Aviation

The theme of this year’s Finance Summit, “Navigating the Waves of Change, Building Economic Resilience”, attracted numerous industry elites to exchange insights and explore the future of China’s economy. Participants engaged in comprehensive discussions on critical issues such as new quality productivity, technological innovation, industrial upgrading, and green development, sharing cutting-edge perspectives and practical experiences that offered valuable insights into uncovering the driving forces behind China’s economic development in the face of new challenges and changes.

As the first national high-tech enterprise in China’s business aviation industry, Sino Jet has, since its foundation in 2011, consistently prioritized technological innovation as its core driving force. The company has unwaveringly increased its investment in research and development, leading the charge in spearheading a digital transformation wave within the business aviation industry. Its self-developed “Cloud of Sino Jet” intelligent operation platform and “Digital Intelligence Sino Jet” operation control center have emerged as exemplary models of digital and intelligent transformation in the industry.

The “Cloud of Sino Jet” intelligent operation platform integrates various functional modules, including aircraft operation management, maintenance engineering management, operation safety management, and industry-finance integration management, enabling full lifecycle and whole-process digital management of business jets. The platform facilitates the visualization and intelligent management of all aspects, from flight schedule planning, crew allocation, to flight monitoring and airworthiness maintenance monitoring. Through real-time data analysis and intelligent algorithms, the platform can anticipate potential risks and provide precise decision-making support, thereby significantly enhancing the safety and reliability of flights. The “Digital Intelligence Sino Jet” operation control center utilizes advanced data integration capabilities and intelligent tools to achieve real-time monitoring and command of the global fleet, ensuring the safe and efficient operation of every aircraft.

In the current highly competitive market environment of business aviation, the significance of technological innovation and digital intelligence transformation for the industry has become increasingly pronounced. By actively driving digital intelligence transformation, Sino Jet has further elevated the customer experience. Customers can now access real-time flight updates and personalized services through the online platform, making business jet operations more comprehensive and transparent, greatly improving travel efficiency, and earning high recognition from the market and clients.

Fortifying Safety Foundations and Expanding Service Horizons through Smart Aviation

Leveraging its strong digital intelligence technology, Sino Jet has successfully established a global smart aviation service network. The company’s fleet size has consistently ranked first in the Asia-Pacific region for several years, and it has set up operation bases in more than 20 major cities both domestically and internationally, providing high-quality business aviation services to clients worldwide. Whether for business travel or luxury journeys, Sino Jet can cater to the diverse needs of clients with its extensive service network and professional service team.

Supported by its digital intelligence systems, Sino Jet has significantly enhanced its aircraft operation safety levels. The company continues to maintain the highest level of international business jet safety operation certification, which is a testament to Sino Jet’s safety management system and operational support capabilities. Additionally, the company has established a comprehensive safety training system, making full use of digital intelligence technology to provide personalized training programs for team members, thereby improving their safety awareness and emergency response capabilities and ensuring comprehensive safety assurance for flights.

The dual awards are not only a high recognition of Sino Jet’s technological innovation achievements but also a strong recognition of its contributions to advancing the progress and sustainable development of the business aviation industry. Looking ahead, Sino Jet will continue to uphold the concept of technological innovation and continuously increase investment in research and development. The company will further optimize the functions of the “Cloud of Sino Jet” intelligent operation platform and the “Digital Intelligence Sino Jet” operation control center to achieve more accurate flight prediction and decision support.

Meanwhile, Sino Jet will strengthen cooperation with domestic and foreign research institutions and enterprises, jointly carry out technical research and development and innovative applications, and work with industry partners to explore new business models and development opportunities, contributing to enhancing the international competitiveness of China’s business aviation industry and supporting China’s economy to achieve steady growth amid the wave of change.

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/

Bybit Launches ETH Trading Competition With 100,000 USDT Prize Pool

DUBAI, UAE, July 29, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is marking the 10th anniversary of Ethereum with a limited-time ETH Trading Competition, offering a prize pool of 100,000 USDT.

Ethereum, launched on July 30, 2015, is a decentralized blockchain platform that introduced the concept of smart contracts — self-executing agreements coded directly onto the blockchain. As the second-largest cryptocurrency by market capitalization, Ethereum has become a foundational infrastructure for decentralized applications (dApps), powering key innovations across DeFi (decentralized finance), NFTs (non-fungible tokens), and DAOs (decentralized autonomous organizations). Its flexible, open-source architecture has positioned it at the center of Web3 development over the past decade.

“Ethereum has reshaped the digital world over the past decade,” said Claudia Wang, Head of Marketing at Bybit. “We’re proud to celebrate this industry milestone with our community through an engaging and rewarding trading competition.”

The event will run through August 5, commemorating a decade since the blockchain platform first went live in 2015. Participants who trade ETH on Bybit’s Spot or Derivatives markets during the event window will compete for leaderboard positions, with rewards distributed based on trading volume.

The leaderboard extends to the 20,000th place, making it easy for a large number of users to get rewarded. A minimum trading volume of just 100 USDT is enough to be eligible for a chance to rank. The prize pool of 100, 000 USDT includes airdrops ranging from 1 USDT to 200 USDT.

#Bybit / #TheCryptoArk

Bybit Launches ETH Trading Competition With  100,000 USDT Prize Pool
Bybit Launches ETH Trading Competition With 100,000 USDT Prize Pool

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Sino Jet Wins Dual Awards at the International Green Zero-Carbon Festival 2025: Pioneering a Zero-Carbon Future Through Technological Innovation and Commitment

HONG KONG, July 29, 2025 /PRNewswire/ — The 4th International Green Zero-Carbon Festival and the ESG Summit 2025 were grandly hosted in Shanghai. With the theme “Practicing Green Development, Pioneering a Zero-Carbon Future”, the event aimed to comprehensively present the practical accomplishments of various industries under the dual-carbon strategic objectives and to deeply investigate innovative models of green development as well as effective strategies for achieving the dual-carbon goals. At this summit, Sino Jet was honored with the “Dual-Carbon Digital Pioneer” and “Sustainable Development Industry Model” awards for its systematic efforts and remarkable contributions to green aviation, thereby becoming a center of attention both within and beyond the industry.

Green Aviation Empowered by Digitalization, Establishing a Foundation of Safety and Environmental Responsibility

As a prominent business jet operator in the Asia-Pacific region, Sino Jet’s green strategy is grounded in a deep understanding of industry developments and a strong commitment to corporate social responsibility. In response to the country’s vigorous promotion of the dual-carbon strategy, Sino Jet proactively took action and became one of the first business jet companies in the industry to announce a carbon neutrality plan, integrating “Green Aviation” and “Digital Aviation” to enhance business jet operations.

Sino Jet, as a national high-tech enterprise, has leveraged its robust digital technology capabilities to develop a system tailored for business jet operations. This system incorporates digital management modules covering the entire lifecycle of aircraft operations, maintenance engineering, safety management, flight records, and finance, enabling efficient data integration and precise analysis across all areas. Through this system, Sino Jet has significantly improved aircraft safety, increased production efficiency and resource utilization, achieving the highest standards of safety and environmental protection in aircraft operations, while also ensuring the maximum preservation of aircraft assets.

By empowering green aviation and digital technology, Sino Jet has established a solid foundation for its corporate development based on the dual pillars of safety and environmental responsibility, and has also contributed its expertise and efforts to advancing the green transformation of the business aviation industry.

From the Inaugural Carbon-Neutral Flight to Comprehensive Green Initiatives, Leading the Future to Sustainable Aviation

In 2022, Sino Jet successfully completed China’s first carbon-neutral business jet flight. This groundbreaking achievement not only provided valuable insights for the exploration and research of sustainable development in the business aviation industry but also marked the beginning of a new era for green development in the industry.

To continuously promote the development of green aviation, Sino Jet has been publishing carbon emission reports annually, transparently presenting its green aviation achievements to the industry and the market. According to Sino Jet’s 2024 annual greenhouse gas emission report, despite the ongoing expansion of its business scale, the company’s total annual carbon emissions decreased by 11.4% compared to 2023, and the cumulative reduction reached 21.2% compared to the base year of 2021. This data clearly demonstrates the significant progress Sino Jet has made in energy conservation and emission reduction, and validates the effectiveness and sustainability of its green development strategy. Furthermore, Sino Jet actively participates in carbon sink forest project donations, creating a sustainable closed loop of “air responsibility flight – ground ecological carbon sequestration”, and demonstrating its commitment to corporate social responsibility through concrete actions to support the achievement of the national dual-carbon goals.

While maintaining its strengths in traditional business jet operations, Sino Jet is also exploring the field of new energy aircraft with a forward-thinking approach. The company has pioneered a novel “Business Jet + eVTOL” smart flight model, where eVTOL stands for electric vertical takeoff and landing aircraft, an innovative aviation vehicle that is safe, reliable, environmentally friendly, and cost-effective. This type of aircraft offers the benefits of zero emissions and low noise, and seamlessly integrates with business jets, providing customers with a more environmentally friendly and efficient travel option, and injecting new momentum into the development of sustainable green aviation.

Sino Jet has also deeply embedded the concept of green operations into every facet of its business. The company organizes second-hand market charity events to encourage employees and customers to donate idle items, promoting resource recycling; conducts tree planting activities to enhance the ecological environment; establishes a green supplier directory, giving priority to suppliers with environmental protection qualifications and sustainable development concepts, thereby promoting the greening of the supply chain; collaborates with low-carbon restaurants to introduce environmentally friendly meals, reducing food waste and carbon emissions; and organizes employees to sign green commitment letters, enhancing their environmental awareness and sense of responsibility.

These initiatives reflect Sino Jet’s comprehensive emphasis on and firm commitment to green development, not only enhancing the company’s market competitiveness but also setting an example for the green transformation of the entire industry. By fostering a green corporate culture, Sino Jet encourages employees and customers to participate in green development, creating a positive social impact.

The awards of “Dual-Carbon Digital Pioneer” and “Sustainable Development Industry Model” are a high recognition and affirmation of Sino Jet’s outstanding contributions in the field of green aviation. Looking ahead, Sino Jet will continue to strengthen technological and digital innovation, continuously explore new energy conservation and emission reduction technologies and methods, and further promote sustainable development. At the same time, the company will actively collaborate with industry partners to jointly explore more green development opportunities, taking responsibility as its commitment, writing a new chapter in the development of green aviation, and making greater contributions to building a harmonious coexistence between humans and nature on Earth.

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/

CNOOC Limited Brings On-stream Dongfang 1-1 Gas Field 13-3 Block Development Project

HONG KONG, July 29, 2025 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Dongfang 1-1 Gas Field 13-3 Block Development Project has commenced production.

The project is the first high-temperature, high-pressure, low-permeability natural gas project offshore China. It is located in the Yinggehai Basin, with an average water depth of approximately 67 meters. The main production facility is a new unmanned wellhead platform and it utilizes the existing processing facilities of the Dongfang gas fields for development. A total of 6 development wells are planned to be commissioned. The project is expected to achieve a peak production of approximately 35 million cubic feet of natural gas per day in 2026.

The existing facilities are used to connect the Dongfang 1-1 gas field and Dongfang 13-2 gas field. CNOOC Limited has thereby successfully established an integrated offshore gas production network in the Yinggehai Basin. It will facilitate the stable and reliable supply of natural gas in the region, providing strong support for the economic and social development of Guangdong, Hong Kong, and Hainan.

CNOOC Limited holds 100% interest in this project and is the operator.

— End —

Notes to Editors:

More information about the Company is available at https://www.cnoocltd.com.

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This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company’s expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company’s price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

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For further enquiries, please contact:

Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn 

Mr. Cheng Yao
Ever Bloom (HK) Communications Consultants Group Limited
Tel: +852 5540 0725
Fax: +852 2111 1103
Email: cnooc.hk.list@everbloom.com.cn