Home Blog Page 3082

Flipster Extends Esports Presence as Official Crypto Exchange Partner of PSG Talon’s League of Legends Team

TAIPEI, July 22, 2025 /PRNewswire/ — Flipster, a global cryptocurrency trading platform, has announced an expanded partnership with PSG TALON, one of Asia’s premier League of Legends teams. As Official Crypto Exchange Partner for the upcoming competitive season, Flipster continues its commitment to shaping the future of competitive gaming through meaningful fan engagement.

Flipster Extends Esports Presence as Official Crypto Exchange Partner of PSG Talon’s League of Legends Team
Flipster Extends Esports Presence as Official Crypto Exchange Partner of PSG Talon’s League of Legends Team

This marks the latest chapter in Flipster’s ongoing collaboration with TALON, which began earlier in May with the team’s Dota 2 roster. With PSG TALON, Flipster enters one of the most-watched esports titles in the world, bringing fans even closer to the action.

At the core of the partnership is a shared focus on access, creativity, and community. A series of bespoke fan experiences is set to bring the world of trading and gaming closer together in ways that are fresh, personal, and engaging.

These experiences include virtual and in-person meet-and-greets with players, one-on-one video calls, and limited-edition collectible cards featuring game-worn items. Fans can also look forward to watching parties during major tournaments, offering immersive ways to connect with both the team and fellow supporters.

“PSG TALON has always played with heart. They’re adventurous, bold, and unafraid to challenge expectations,” said Youngsun Shin, Head of Product and Partnerships at Flipster. “That fearless mindset resonates with us deeply. In crypto, as in esports, it takes grit to go against the grain and build something new. We’re proud to be part of their journey and excited to give fans more ways to experience the game they love.”

“We’re proud to grow our partnership with Flipster,” said Sean Zhang, CEO of TALON. “They bring fresh perspective and genuine care for the fan experience. Together, we’re creating something different, and PSG TALON fans will be the first to feel it.”

“We are delighted to welcome Flipster as the official partner of our PSG TALON League of Legends team. Together, we share a common ambition: to push the boundaries between technology, competition, and fan experience. This partnership reflects our shared desire to innovate, surprise, and strengthen the bond with our community through unique and immersive fan activations,” said Valentin Weller, Head of PSG Esports, Paris Saint-Germain.

Founded in 2023, Flipster is a high-performance crypto trading platform focused on speed, access, and precision. As it scales globally, it continues to support communities at the intersection of technology, finance, and culture, including the fast-evolving world of esports.

About Flipster

Flipster is the zero-friction exchange for crypto traders who demand the ultimate perpetual trading experience. With deep liquidity, ultra-tight spreads, and instant execution, it delivers precision and performance for those who move fast and trade faster.

Learn more at flipster.io or follow X.

About TALON

TALON is a leading esports and entertainment organization headquartered in Hong Kong, with competitive teams and operations across Asia. TALON is known for its dominance in titles such as League of Legends, Dota 2, Arena of Valor, and more, as well as its growing content platform and lifestyle-driven brand collaborations.

METiS Technologies Showcases AI-Powered Nanodelivery Platform at the 2025 Controlled Release Society Annual Meeting

HANGZHOU, BEIJING, China and CAMBRIDGE, Mass., July 22, 2025 /PRNewswire/ — METiS Technologies, a global leader in AI-driven nanodelivery innovation, today announced the presentation of its latest research findings at the poster session of the 2025 Controlled Release Society (CRS) Annual Meeting. The company demonstrated that its proprietary AiLNP platform enables the rapid design of tissue-targeted lipid nanoparticles (LNPs), which exhibit high delivery efficiency, strong tissue specificity, and excellent translatability in non-human primates (NHPs).

Founded in 1978, the Controlled Release Society is the world’s foremost nonprofit scientific organization dedicated to advanced drug delivery. At this year’s meeting, METiS Technologies stood out as the only Chinese biotechnology company participating with a featured poster presentation. Dr. Hongming Chen, Co-founder and Chief R&D Officer of METiS and a Member of the U.S. National Academy of Engineering, together with Dr. Andong Liu, Vice President of METiS, presented the poster titled: “AI-Empowered LNP Discovery for Organ-Targeted RNA Delivery.”

The AiLNP platform is METiS’ proprietary AI-driven system for nucleic acid delivery design. It integrates a de novo lipid generation foundation model, a high-throughput microfluidics-based LNP assembly and screening system, and a large-scale, proprietary lipid library. Collectively, these innovations expand the design space of nanomaterials by over 1,000-fold compared to conventional approaches—effectively overcoming long-standing discovery bottlenecks in the field.

By combining predictive AI models with molecular dynamics simulations, the AiLNP platform provides mechanistic insights into lipid behavior and enables prediction of more than 10 physicochemical parameters. It further allows for rational design and optimization of LNP components and ratios to construct customized, high-performance delivery systems.

Key findings from the poster highlight the platform’s ability to accelerate LNP design cycles while significantly improving discovery speed and quality across multiple tissue targets:

Liver-targeted LNPs developed through AiLNP demonstrated best-in-class performance for gene editing, achieving high efficiency and safety in NHPs. Using CRISPR-Cas9-mediated TTR knockdown as a model, LNP developed by AiLNP achieved ~90% reduction in serum TTR levels with only a transient, mild elevation in liver enzymes.

Lung-targeted LNPs exhibited high delivery efficiency and specificity in rodents, with successful translation to NHPs. At the cellular level, these LNPs transfected a broad range of pulmonary cell types in NHPs—including stem-like cells, alveolar type II cells (>30%), and airway basal cells (>10%) at 1 mg/kg—supporting their potential for durable genetic correction.

METiS’ Musle-targeted LNPs also enabled successful in vivo delivery and gene editing in multiple types of muscle cells in mice.

Muscle: AiLNP identified first-in-class IV-administered skeletal and cardiac muscle targeting LNPs
Muscle: AiLNP identified first-in-class IV-administered skeletal and cardiac muscle targeting LNPs

 “This year’s CRS theme, ‘Next-Generation Delivery Innovation’, reflects the rapid evolution in drug delivery technologies. Among the 410 accepted posters across 12 research tracks, more than 200 focused on nanomedicine, nanodelivery, and gene editing—demonstrating these as the most active areas of exploration,” said Dr. Hongming Chen, Co-founder and Chief R&D Officer of METiS Technologies. “We’re pleased to present our findings at the world’s premier scientific forum for drug delivery and remain committed to pushing the boundaries of LNP discovery.”

Dr. Chris Lai, Co-founder and CEO of METiS, added: “Since day one, METiS has been positioning at the global forefront of AI-powered nanomaterial innovation. We believe nanodelivery is the critical enabler of the next generation of programmable medicines—and that AI will be the key catalyst driving this transformation.”

About METiS Technologies

AI Nanodelivery for a Healthier Future. METiS Technologies is a pioneering TechBio company at the intersection of artificial intelligence and nanomaterial science, focused on transforming the delivery and application of active agents across life forms. Founded by a team of MIT-trained scientists with deep expertise in AI, quantum mechanics, nanomaterials, and advanced drug delivery, the company has developed three proprietary platform technologies, AiLNP – AI platform for nucleic acid delivery system design; AiRNA – AI platform for mRNA sequence optimization; and AiTEM – AI platform for small molecule formulation design.

METiS’ platforms simulate, predict, and interpret nanoscale interactions to enable rational design, optimization, and validation of next-generation nanomaterials and their payloads. By advancing AI-enabled nanotechnology, METiS strives to unlock new therapeutic possibilities across a wide range of diseases, including cancer, metabolic and autoimmune disorders, and neurodegenerative conditions, and improve the health of lives. 

MAWANI Adding the Shipping Service “FRS1” by “CSTAR LINE” to Jeddah Islamic Port

JEDDAH, Saudi Arabia, July 22, 2025 /PRNewswire/ — The Saudi Ports Authority “Mawani” has announced the addition of the new shipping service “FRS1” operated by CSTAR LINE to Jeddah Islamic Port, contributing to enhancing the port’s competitiveness, expanding its maritime service network, supporting its operational efficiency, and reinforcing its standing as a strategic logistics hub on the Red Sea coast.

MAWANI Adding the Shipping Service “FRS1” by “CSTAR LINE” to Jeddah Islamic Port
MAWANI Adding the Shipping Service “FRS1” by “CSTAR LINE” to Jeddah Islamic Port

The new shipping service links Jeddah Islamic Port with five regional and global ports, including Ningbo, Shanghai, and Nansha in China, Aqaba in Jordan, and Ain Sokhna in Egypt, with a handling capacity of up to 2,000 TEUs.

This step aligns with Mawani’s ongoing efforts to improve the Kingdom’s standing in global performance indicators and support national export movement, in line with the objectives of the National Transport and Logistics Strategy, to solidify the Kingdom’s standing as a global logistics hub bridging the three continents.

It is worth noting that Jeddah Islamic Port features a high handling capacity of 130 million tons, and advanced logistics services through 62 multipurpose berths, in addition to several specialized terminals and modern facilities, including two container terminals with a handling capacity of 7.5 million TEUs, two general cargo terminals, two dry docks for ship repair and marine unit maintenance, and a group of marine service berths.

 

Ricoh InnoAI Center Grand Launch Ushering in a New Era for the AI Ecosystem in Asia

HONG KONG, July 22, 2025 /PRNewswire/ — Ricoh Hong Kong Limited today held the grand opening ceremony of the Ricoh InnoAI Center at Cyberport, marking a significant milestone in the development of the local AI innovation ecosystem. The ceremony was officiated by Mr. Ricky Chong, Managing Director of Ricoh Hong Kong; Mr Eric Yu, General Manager, Digital Operations of Ricoh Hong Kong; Dr. Rocky Cheng, CEO of Hong Kong Cyberport Management Company Limited; and Ms. Georgina Chu, Chief Corporate Development Officer of Hong Kong Cyberport Management Company Limited, along with representatives from Ricoh InnoAI’s partner network. The event showcased Ricoh’s strong commitment to advancing AI technology, real-world applications, talent development, and supporting partners in expanding into overseas markets.

The Ricoh InnoAI Strategy is built on a four-pillar framework: Center + Platform + Co-Creation + Ecosystem, forming a comprehensive AI innovation and commercialization ecosystem. The four key components include:

  • InnoAI Center: A physical co-creation space located at Cyberport, providing developers, startups, and enterprise clients with a collaborative environment and sandbox for AI development and application.
  • InnoAI Hub: A RAG-based knowledge management platform developed by Ricoh, enabling enterprises to build AI agents (e.g., for marketing or financial analysis) using their own uploaded data and documents. It also supports low-code development to streamline AI process management.
  • InnoAI Co-Creation: Expert-led collaboration services from Ricoh to help enterprises transform AI technologies into tangible business outcomes—realizing”AI to Business.”
  • InnoAI Program: A comprehensive accelerator program offering funding, technology, sales, and marketing resources to help partners grow rapidly.

Mr. Ricky Chong, Managing Director of Ricoh Hong Kong, stated“The Ricoh InnoAI Strategy is a forward-looking and holistic AI innovation framework. By integrating a physical center, a knowledge platform, co-creation support, and an ecosystem approach, we aim to connect local innovation with APAC markets. Our goal is to drive AI from R&D to commercialization and build a powerful AI ecosystem that positions Hong Kong as a regional innovation hub.”

Ms. Georgina Chu, Chief Corporate Development Officer of Hong Kong Cyberport Management Company Limited, added“The Ricoh InnoAI Center injects powerful momentum into Cyberport’s AI and blockchain ecosystem. We are delighted to witness Ricoh’s forward-looking InnoAI strategy being implemented in Hong Kong. By joining forces to promote AI innovation, R&D, and translation among local startups, we are fostering deep integration of innovation and technology achievements across various industries. This not only accelerates the intelligent upgrade of local industries but also empowers startups to expand into international markets, propelling Hong Kong toward its goal of becoming a global hub for AI and innovation.”

Our Pillars of the Ricoh InnoAI Program:

  1. Technical Support: Backed by Ricoh’s Beijing R&D team and proprietary large language models (LLMs), partners receive world-class AI support to develop breakthrough and practical solutions.
  2. Sales & Marketing Resources: Ricoh’s professional teams help partners craft precise go-to-market strategies and leverage a network of over 30,000 enterprise clients.
  3. Workspace & GPU Resources: The InnoAI Center at Cyberport offers advanced collaboration spaces and high-performance GPU resources to support compute-intensive projects.
  4. Business Development Support: Partners benefit from Ricoh’s exhibitions, product launches, media services, and promotional platforms.

Each partner in the InnoAI Program receives comprehensive support, including dedicated workspace, industry mentorship, strategic collaboration opportunities, expert advice, and marketing resources to accelerate innovation.

Ricoh also launched the InnoAI APAC Super Connector Program to help partners expand into overseas markets, including Australia, Thailand, and Taiwan region. Senior Ricoh executives from 11 cities and countries across the Asia-Pacific region visited Hong Kong this month to engage with local partners and explore cross-border opportunities.

Ricoh Announces AI MFP Upgrade – Driving Enterprise Digital Transformation

InnoAI Linker Launching in August – Seamless Integration with InnoAI Hub

The upgraded InnoAI Linker will officially launch in August, enabling users to transfer documents and data directly from Ricoh AI MFPs to the InnoAI Hub with a single click. The platform’s enhanced eKM (enterprise knowledge management) system now includes advanced data management features for improved knowledge integration and retrieval. These innovations were demonstrated live at the InnoAI Center launch and received strong industry interest.

Ricoh AI Marketplace Now Live – A Go-to-Market Platform for Local Innovation

The Ricoh AI Marketplace is now officially operational, allowing InnoAI partners to connect their AI applications directly to Ricoh AI MFPs. This enables Ricoh customers to experience cutting-edge AI features while providing local innovators with a streamlined go-to-market platform—fostering the AI2B (AI to Business) ecosystem.

Partner Spotlight: Pickso‘s “Docufinder“ AI Solution Debuts

Ricoh InnoAI partner Pickso has launched its “Docufinder” solution on the AI Marketplace. Designed for enterprises, especially SMEs, it uses AI to rapidly classify large volumes of documents, manage departmental access, and deliver smart insights—greatly enhancing document management and collaboration.

Nurturing AI Talent: InnoAI Youth Empowerment Program

Through the InnoAI Youth Empowerment Program, Ricoh is actively cultivating AI talent among Hong Kong students. Interns collaborate with schools, e-commerce support teams, sales, and pre-sales experts to develop AI agents and participate in real-world projects—gaining hands-on experience and preparing to become future AI leaders.

Ricoh will continue to deepen the four pillars of the InnoAI Strategy—Center, Hub, Co-Creation, and Program—driving AI from R&D to commercialization. Through the Ricoh AI Marketplace, AI MFP applications, and youth empowerment initiatives, Ricoh is building an AI ecosystem that integrates innovation, talent, and industry collaboration. By 2026, Ricoh aims to co-create over 50 AI solutions, starting from Hong Kong and expanding across Asia-Pacific, realizing the vision of “AI to Business” and leading the next wave of enterprise digital transformation.

The distinguished officiating guests presided over the ribbon cutting ceremony, including (from left): Mr Eric Yu, General Manager, Digital Operations of Ricoh Hong Kong; Mr. Ricky Chong, Managing Director, Ricoh Hong Kong, Dr. Rocky Cheng, CEO of Hong Kong Cyberport Management Company Limited; Ms. Georgina Chu, Chief Corporate Development Officer of Hong Kong Cyberport Management Company Limited
The distinguished officiating guests presided over the ribbon cutting ceremony, including (from left): Mr Eric Yu, General Manager, Digital Operations of Ricoh Hong Kong; Mr. Ricky Chong, Managing Director, Ricoh Hong Kong, Dr. Rocky Cheng, CEO of Hong Kong Cyberport Management Company Limited; Ms. Georgina Chu, Chief Corporate Development Officer of Hong Kong Cyberport Management Company Limited

About Ricoh Hong Kong Limited

Established in 1963, Ricoh Hong Kong Limited is a trusted leader in digital services and workplace solutions. As a pioneer in digital transformation, Ricoh Hong Kong empowers organizations to work smarter through its Five Areas of Expertise: Hybrid Workplace, Workflow & Automation, Cloud & IT Infrastructure, Cybersecurity, and AI Application.

Driven by innovation and a strong customer focus, Ricoh Hong Kong integrates people and technology to help businesses stay ahead in a rapidly evolving digital landscape. By delivering tailored solutions that enhance productivity, agility, and collaboration, Ricoh supports organizations in navigating change with confidence. With a steadfast commitment to sustainable growth and digital excellence, Ricoh enables companies to focus on forward — empowering them to lead with purpose and thrive in the future of work.

For more information, please visit http://www.ricoh.com.hk

OneConnect Signs Over RMB 200 Million in Overseas Deals, Boosting Global Growth Through Ping An’s Integrated Finance Synergy

SHANGHAI, July 22, 2025 /PRNewswire/ — Since June 2025, OneConnect has secured multiple fin-tech project contracts across international markets including Hong Kong SAR, Southeast Asia, and South Africa, with total contract value exceeding RMB 200 million (USD 28 million). The company continues to expand its roster of strategic global clients, diversify its project portfolio, and gain broader recognition for Ping An’s integrated financial ecosystem capabilities worldwide.

Hong Kong: Billion-RMB SaaS Deployment and First Overseas Application of AI Deepfake Detection

In Hong Kong, OneConnect has deepened cooperation with local banks, signing contracts totaling over RMB 100 million (USD 14 million). Among them, a leading retail bank adopted a SaaS-based eKYC anti-fraud solution that integrates identity authentication, HKID document recognition, deepfake detection, and other core modules. The solution is expected to serve over 70% of Hong Kong’s retail banking customers, marking a breakthrough for OneConnect’s SaaS subscription model in the premium market.

At the same time, the company reached another agreement with a local bank to implement both eKYC and AI deepfake detection. The service covers remote onboarding and identity verification for residents in Hong Kong, Macau, and mainland China—marking the first deployment of AI-powered anti-GenAI technology in an overseas bank.

In addition, OneConnect secured a public sector contract to upgrade the information system of a Hong Kong government department. The project will consolidate various office systems onto a unified platform to improve administrative efficiency and lays the groundwork for future export of “Happy Ping An”-branded digital governance solutions.

Southeast Asia: Core Banking System Deal in Vietnam, Auto Ecosystem Model Expands

Following deployments in Singapore, the Philippines, Malaysia, and the Middle East, OneConnect has reached an agreement on 30th of June with a top-tier Vietnamese bank to implement a core banking project. The project features a significantly higher proportion of product value compared to earlier deals. It will be rolled out firstly in a subsidiary bank and later expanded across the parent institution. Besides of the core banking system, this client also shows its interests in the localization of modules including AI, risk control, lending, and auto finance.

On the same day, OneConnect also reached a strategic agreement with a leading Vietnamese infrastructure and transportation operator to build a localized, one-stop automotive ecosystem. The solution spans auto insurance tech, vehicle finance, post-sales services, big data, and AI applications. The project is positioned as a model for replication across Southeast Asia’s trillion-RMB auto ecosystem market and strengthens the foundation for Ping An’s expansion in overseas auto finance.

South Africa: Expanding Partnership with Old Mutual to Deliver Ping An’s Life Insurance Capabilities

In South Africa, OneConnect has deepened its strategic partnership with Old Mutual, expanding from a single “Life lnsurance Universal Agent” product to a comprehensive life insurance system including customer service platforms and intelligent underwriting and claims processes. Since 2022, the two companies have launched seven phases of the Life lnsurance Universal Agent solution, significantly improving agent productivity and customer conversion rates. As a flagship life insurance solution, Life lnsurance Universal Agent draws on Ping An’s deep operational experience and applies AI and big data to achieve both standardization and localization.

In 2025, senior executives from Old Mutual visited Ping An’s facilities in Zhangjiang and Suzhou to observe call center and customer service operations. These visits led to new agreements around platform-based solutions, highlighting Ping An’s appeal in global life insurance markets and showcasing its ability to transform operational models through technology.

Technology-Driven and Ecosystem-Oriented: Advancing Chinese Fintech on the Global Stage

From Hong Kong SAR to Southeast Asia and Africa, from banking to public services, and from standalone products to full ecosystem partnerships, OneConnect is accelerating the global implementation of its “Platform + Ecosystem” model by leveraging Ping An’s integrated financial resources and technological strengths.

Looking ahead, OneConnect will continue to deliver more intelligent, scenario-based, and SaaS-driven solutions to meet the evolving needs of global financial institutions—driving the global influence of Chinese fintech and contributing to the digital transformation of financial services worldwide.

 

Asian Nations Dominate Passport Power Ranking as US and UK Continue to Decline

LONDON, July 22, 2025 /PRNewswire/ — Singapore holds the crown as the world’s most powerful passport, with visa-free access to 193 destinations out of 227 globally, according to the latest  Henley Passport Index . The index is powered by exclusive Timatic data from the International Air Transport Association  (IATA) and ranks all the world’s passports based on the number of destinations their holders can enter without a prior visa. Asian nations continue to lead the global mobility race, with Japan and South Korea sharing 2nd place, each granting their citizens access to 190 destinations visa-free.

A strong European contingent occupies the rest of the Top 5. Seven EU passports share 3rd place — Denmark, Finland, France, Germany, Ireland, Italy, and Spain, all with access to 189 destinations. Another seven-nation European cohort, with visa-free entry to 188 destinations, are joint 4th — Austria, Belgium, Luxembourg, Netherlands, Norway, Portugal, and Sweden — while New Zealand, the only nation to challenge the regional dominance, ties in 5th place with Greece and Switzerland.

At the other end of the global mobility spectrum, Afghanistan remains at the bottom of the ranking, with its citizens able to access just 25 destinations without a prior visa — a staggering mobility gap of 168 destinations between the top- and bottom-ranked passports.

Biggest risers and fallers

The UK and US have each dropped a place in the global passport rankings since January, continuing a long-term downward trend. Once the most powerful passports in the world — the UK in 2015 and the US in 2014 — they now rank 6th and 10th, respectively. The UK currently has visa-free access to 186 destinations, while the US trails with 182. Notably, the US is now on the brink of exiting the Top 10 altogether for the first time in the index’s 20-year history.

Dr. Christian H. Kaelin, the inventor of the passport index concept, says “traditional mobility champions are losing ground in an increasingly multi-polar world. As emerging economies liberalize their visa regimes and invest in diplomatic capital, legacy powers like the UK and the US appear to be retreating behind more restrictive entry policies.”

The UAE continues to be a standout among the top risers, shooting up 34 places over the last 10 years from 42nd to 8th place. Another notable winner is China, also rising 34 places from 94th to 60th since 2015 — particularly impressive considering that, unlike other top risers, China has not yet gained visa-free access to Europe’s Schengen Area.

The Asia-Pacific region is also a leading driver of global travel. IATA’s Director General, Willie Walsh, says overall demand for air travel showed strong 5.8% growth over the first five months of 2025, with some regional variations. “Asia-Pacific airlines led the way with 9.5% growth. In North America, international traffic grew by 1.8%, but this was offset by a 1% contraction in the domestic market, leaving demand effectively flat over the period.”

Read the full press release

12th Milken Institute Asia Summit To Be Held in Singapore, Spotlighting Progress with Purpose Amidst Global Uncertainty

Over 1,500 CEOs, policymakers, entrepreneurs, investors, and government leaders are expected to join the Institute’s annual Asia Summit in October.

SINGAPORE, July 22, 2025 /PRNewswire/ — The Milken Institute announced today the return of its Asia Summit in Singapore, to take place October 1–3. The annual Summit will be held at the Four Seasons Hotel and is expected to welcome top leaders and senior executives across government, business, technology, and finance. Over three days of tailored programming, this year’s agenda focuses squarely on the fragmented new world order and the rapidly intensifying global geopolitical tension, seeking optimism through gainful partnership and fostering purposeful, progressive collaboration.

The theme of this year’s Summit—Progress with Purpose: Collaboration Amid Complexity—accentuates the region’s rapidly evolving landscape, marked by the backdrop of geopolitical fragmentation, the rise of unilateralism, and the sluggish global economic stagnation. Amid this tumult, with over 1,500 prominent leaders, experts, investors, and asset allocators in attendance, the Summit seeks to chart a course for purposeful progress and encourage collaboration through compelling panel discussions, fireside conversations, and private roundtables. Distinguished guests in attendance will be able to engage and interact with global leaders and luminaries through carefully curated networking sessions and private discussion dialogues. All public panel discussions will also be broadcast live on the Milken Institute’s website, making the content accessible to audiences around the world.

“In a world where geopolitical realignments and geoeconomic fragmentation are redefining the rules of engagement, Asia remains a dynamic force, both adapting to, and shaping the contours of global growth. The region’s strategic relevance is no longer just about scale, but about its agility in navigating complexity, from reconfiguring supply chains to leading in digital innovation and capital formation.” said Laura Deal Lacey, Executive Vice President of International at the Milken Institute. “As the world enters a new phase of globalization—less uniform, more regional, and increasingly multipolar—the 12th Milken Institute Asia Summit serves as a critical platform for connecting decision-makers who aren’t just reacting to change but want to collaborate. Our ambition is to spark conversations and connections that lead to long-term investment, innovation, solve regional challenges and drive shared prosperity.”

Since establishing its Asia headquarters in Singapore in 2014, the Milken Institute has made significant commitments to the region. The Institute’s engagements in Asia included the launch of its Global Dinner Dialogues in South Korea, two editions of the Global Investors’ Symposium in Hong Kong, and the publication of research reports, whitepapers, and its Financial Innovations Lab that focused on bridging financial, health, and technological gaps in Asia. Most recently, the Institute inked a Memorandum of Understanding with the Singapore Tourism Board to anchor the Asia Summit in Singapore from 2026 to 2028.

“The Asia Summit is the annual gathering in Singapore where delegates and panelists interact to discuss policy and politics that impact major investment decision,” said Robin Hu, Asia Chair at the Milken Institute. “ASEAN states are pursuing strategic ambiguity with remarkable discipline. While economic interdependence between China and ASEAN remains robust, the region is also central to U.S. Indo-Pacific strategy. The result is a dynamic contest for influence, where local actors have become highly adept at managing external pressures.”

For information about the 12th Milken Institute Asia Summit, please visit www.asia-summit.org. For sponsorships, partnership engagements, and program collaborations, please email asia@milkeninstitute.org. For media inquiries or to apply for press credentials at the event, please reach out to Yeen Chong at ychong@milkeninstitute.org.

About the Milken Institute

The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what’s pressing now and what’s coming next. For more information, visit www.milkeninstitute.org.

About Milken Institute International 

Milken Institute International extends the reach and impact of Milken Institute programs, events, and research by focusing on the role that health, finance, and philanthropy play in addressing social and economic issues around the world. We leverage the Institute’s global network to tackle regional challenges and integrate regional perspectives into developing solutions to persistent global challenges. For more information, visit www.milkeninstitute.org/international.

###

ITE Hong Kong 2026 – Proven Sourcing Platform, Draw more Trade & Premium FIT from Asia Fast Growing Markets

HONG KONG, July 22, 2025 /PRNewswire/ — Asia’s leading travel fair, ITE2026 incorporates the 40th ITE Leisure & 21st ITE MICE will be held from 11 to 14 June at Hong Kong Convention & Exhibition Centre. It is held annually with first two days for trade and last two days open to the public.

The highly international ITE2025 successfully drew more Buyers & Trade Visitors “BTV” (+8.6%) and public visitors “PV” (+11.4%). 88% of 502 Exhibitors and 53% of 7626 BTV from abroad; 1/3 of 64 exhibiting countries and regions from outside Asia.

Geographically, over 70% of 7626 BTV from Greater Bay Area (GBA), which include Hong Kong, Guangzhou and Shenzhen etc in 2024 had a combined population of 87.4 million and GDP of US$ 2077.4 billion which about world’s 12th largest economy.

By sector, 45.7% of BTV were travel agents and 15.3% were corporation & MICE; 48% of 70212 PV with 3 or more outbound holidays and 91% keep / increase travel spending!

In ITE, Business Matching, a free service, where buyers seated by interested market while exhibitors moving around, that participants overstayed reflect BM been effective!  Post-pandemic, ITE stops hosting buyers, instead subsidies buyers who anyway planned visit ITE.  Months before opening, ITE actively promoted in Asia an international sourcing platform, working with travel associations, hosted delegations from Guangdong various cities result in more regional buyers & trade visitors.
In ITE, Business Matching, a free service, where buyers seated by interested market while exhibitors moving around, that participants overstayed reflect BM been effective! Post-pandemic, ITE stops hosting buyers, instead subsidies buyers who anyway planned visit ITE. Months before opening, ITE actively promoted in Asia an international sourcing platform, working with travel associations, hosted delegations from Guangdong various cities result in more regional buyers & trade visitors.

Hong Kong outbound fully recovered in 2024: ranked world’s 14th largest by international tourism spending of US$28.9 billion and made 104.7 million departures, recovered to 107% and 111% of pre-epidemic levels respectively. In first 4 months of 2025, HK outbound grew 17%! Dec-2024, Trip.com reported HK residents prefer quality lodging and exploring niche destinations.

New in ITE2025 included Youth and Family Travel Pavilions for more Gen Z and Young Parent visitors; some 50 KOLs joined Networking and Grand Tour in trade days and held seminars in public days; and providing AI-simultaneous interpretation for Niche / New Destination seminars.

B2B program included free services like Business Matching though free-flow the main format, speaking opportunities, pre-show promotions etc. For B2C, exhibitors can apply for free seminar session of 25 minutes.

Business Matching participants overstayed! 135 trade and public seminars drew 9224 audiences! Plenty exhibitor visitor interactions in stand! Signs of good business.

Respectively, 50% and 23% of ITE’s PV had university and post-secondary education background, many can speak English, online booking and mobile payment are indeed widely used. Thus, directly selling to PV is feasible.

Organized by TKS Exhibition Services Ltd., ITE is strongly supported by Ministry of Culture and Tourism of P.R. China, other supporters include Hong Kong Tourism Board etc.  Full article https://www.itehk.com/travelexpo/doc/press/ITE26_KickOff_15Jul25_en.pdf Expo’s website: www.itehk.com or inquiry via WhatsApp: +85294008444 Email: travel@tkshk.com