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HKPC Launches “The Cradle – Going Global Service Centre” Partners with Three National Innovation Centres Achieves Three Early Going Global Success Cases

Empowering Enterprises in Global Expansion and Reinforcing Hong Kong’s Position as an International Innovation and Technology Hub


HONG KONG SAR – Media OutReach Newswire – 11 April 2025 – The Hong Kong Productivity Council (HKPC) officially launched “The Cradle – Going Global Service Centre” (The Cradle) today, supported by the Zhongguancun Beijing-Hong Kong-Macao Youth Innovation Centre, the National Innovation Centre par Excellence (NICE), and the Greater Bay Area National Centre of Technology Innovation. The Cradle will assist enterprises in expanding into international markets. The launch coincided with the “Enterprises Going Global Conference”, which gathered over 500 leaders from government, industry, academia, research and investment sectors to explore internationalisation strategies and global market opportunities.

Located at the HKPC Building, The Cradle offers one-stop professional support for Hong Kong and mainland tech innovation enterprises, including international standards alignment, product localisation and internationalisation support, intellectual property management and protection, and overseas regulatory compliance. It is designed to empower more Hong Kong and Mainland enterprises succeed in the global market.

This year’s Government Work Report from the “Two Sessions” emphasised Hong Kong should “deepen international exchanges and cooperation”. With the distinctive advantages of One Country, Two Systems, enjoying strong support of the Motherland and being closely connected to the world, Hong Kong serves as an ideal launchpad for both Hong Kong and Mainland enterprises to pilot new products and business models before entering international markets. Leveraging HKPC’s technical expertise and international networks, The Cradle will enable enterprises to navigate global standards and enhance their international competitiveness.

To mark its launch, The Cradle is showcasing three early Going Global success cases from UISEE Technology (Beijing) Ltd, Beijing Tashan Technology Co., Ltd, and Beijing Yunji Technology Co., Ltd. Drawing on HKPC’s extensive experience in standards testing, applied R&D, scenario-based deployment, and smart manufacturing, The Cradle will also leverage Hong Kong’s strengths in intellectual property protection, supply chain management, trade finance, and ESG to support enterprise upgrades in smart manufacturing, green transformation, and digitalisation. HKPC will join hands with its partners to explore new global opportunities for enterprises and forge a comprehensive support network for going global.

The “Enterprises Going Global Conference” and the inauguration ceremony of “The Cradle” were officiated by Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, and Hon Sunny TAN, Chairman of the Hong Kong Productivity Council.

In his opening remarks, Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, stated: “The country has been vigorously advancing technology development in recent years, with a growing number of tech enterprises emerging and seeking new breakthroughs and business opportunities. As global competition intensifies, going global has become a key development strategy for enterprises. With our unique position as an international financial and trading hub, Hong Kong is accelerating the development into an international I&T centre and is well-placed to serve as a launch pad for enterprises. The establishment of The Cradle – Going Global Service Centre will enhance cross-regional collaboration, accelerate the integration of technology and industry, and support more enterprises in expanding globally through Hong Kong. This further reinforces Hong Kong’s status as an international I&T hub.”

Hon Sunny TAN, Chairman of the Hong Kong Productivity Council, stated in his welcome remark, “HKPC has long been committed to driving new industrialisation and supporting enterprise transformation and upgrading. In alignment with the national innovation-driven development strategy, we are collaborating with three major innovation hubs — in the Beijing-Tianjin-Hebei Region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area — which together serve tens of thousands of enterprises. Over the past decade, HKPC has completed over 1,400 smart projects in the Greater Bay Area, and launched the ‘9+3+1 Development Plan’ to establish service bases and R&D centres, empowering SMEs to expand globally with high quality. As economies in the Global South continue to rise, we look forward to working across sectors through ‘The Cradle’ to forge a strong and sustainable outbound ecosystem for both Hong Kong and Mainland enterprises.”

Mr Zhang Kai, Executive Deputy General Manager of the Zhongguancun Beijing-Hong Kong-Macao Youth Innovation Centre highlighted the significance of The Cradle’s establishment as a major milestone. He said that this initiative will provide Beijing’s technology enterprises with comprehensive internationalization support to accelerate the global deployment of cutting-edge innovations. He added that his team anticipate strengthening its collaboration with HKPC to enhance cross-border partnerships, develop high-potential projects, and empower Beijing-based companies to succeed internationally.

Professor LIU Qing, Director of National Innovation Center par Excellence (NICE) said, “National Innovation Centre par Excellence(NICE)has always been committed to building an open and integrated innovation ecosystem to facilitate the globalization of enterprises, manifested by nurturing numerous joint innovation centres, internationally competitive R&D platforms, and project companies. Looking forward, we will continue to deepen our cooperation with HKPC, taking full benefits of Hong Kong’s regional advantages offered through Cradle, to help the Yangtze Delta enterprises overcoming the bottlenecks of global expansion. We will further leverage the industrial and innovation advantages of the Yangtze Delta, and work together with HKPC to create a new paradigm of ‘Yangtze Delta Cultivation + Hong Kong Services + Global Market’, so as to promote more enterprises to go global.”

Mr Wang Debao, Deputy Director of the Greater Bay Area National Centre of Technology Innovation stated that The Cradle leverages the international platform advantages of HKPC to provide the whole chain support for enterprises from technical verification to overseas implementation, serving as a critical bridge for their global expansion. The Greater Bay Area National Center of Technology Innovation will actively deepen collaboration with major innovation hubs, assisting mainland enterprises in overcoming technical barriers and challenges in international markets, and accelerating the high-quality development and global application of new quality productivity achievements.

Enterprises Going Global Conference Explores Global Innovation Opportunities

The Enterprises Going Global Conference featured in-depth discussions with leading industry speakers on global market trends, technology innovation, and policy-capital synergy. Key topics included global expansion strategies, overcoming internationalisation challenges, and leveraging professional services, technology collaboration, and regulatory frameworks to support sustainable global growth.

Hashtag: #HKPC

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

The Hong Kong Productivity Council (HKPC)

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D) internationally, specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.

In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.

For more information, please visit:

DOWNTOWN FARMERS’ MARKET TO KICK OFF 50TH SEASON ON SATURDAY, MAY 3

GREATER DES MOINES, Iowa, April 11, 2025 /PRNewswire/ — Opening day for the 50th season of the Downtown Farmers’ Market presented by UnityPoint Health is under a month away. The Market will begin on Saturday, May 3 from 7 a.m. – Noon in the Historic Court District in Downtown Des Moines (DSM).

The Downtown Farmers’ Market began in 1976 with just 15 vendors and an average of 200 shoppers. Today, The Market supports more than 300 vendors and welcomes tens of thousands of visitors each Saturday. An estimated 40,000 shoppers typically visit on opening day and key peak dates throughout the season.

The Market supports local small business owners, including farmers, producers, bakers and artists that represent 38 counties across the state of Iowa. The Market offers a variety of attractions and activities including shopping for fresh produce, seasonal flowers, farm fresh eggs and cheese, locally produced wine and fresh baked goods as well as a variety of Iowa-raised meat. Patrons can also eat breakfast, enjoy the atmosphere, meet with family and friends and enjoy live entertainment. This year, The Market will feature 49 new vendors of all types and expand its footprint to 12 city blocks in the Historic Court District of Downtown DSM.

“Opening day of the Downtown Farmers’ Market’s 50th season is a celebration of the community not just here in Downtown DSM but all over the Greater Des Moines region and state,” said Elizabeth Weyers, Downtown Farmers’ Market Manager. “We look forward to welcoming new and returning patrons to experience the energy, fresh local products and special moments that make The Market a special tradition in Downtown DSM.”

Here are some highlights at The Market in 2025: 

  • Friends of The Market program invites support from individuals and private family foundations to help ensure the continued growth and sustainability of the Downtown Farmers’ Market. This program is intended for personal contributions in support of The Market, not corporate sponsorships. Contact Kathryn Smith for more information.
  • The Market will participate in Choose Iowa through the Iowa Department of Agriculture and Land Stewardship as well as participating in food assistance programs, Produce RX and Double Up Food Bucks, through the Iowa Healthiest State Initiative. For full details on available programs and eligibility, visit The Market’s website.
  • The Spark DSM Business Incubator will return in 2025. Selected vendors will get multiple dates at The Market throughout the season and have access to year-round classes and supplemental education. A total of 11 Spark DSM vendors from 2024 have become regular Market vendors in 2025.
  • Those interested in volunteering at The Market can now sign up for a shift through VolunteerLocal.

“We are proud to support the Downtown Farmers’ Market as it celebrates its 50th season, bringing fresh, local food and a sense of community to Downtown DSM,” said Jon Rozenfeld, President of UnityPoint Health – Des Moines. “Access to fresh, nutritious food is a key part to our community living a long and healthy life. Plus, The Market provides the opportunity for people to connect with local farmers, support small businesses and make healthy choices. We look forward to another season of fostering a vibrant, healthy community.”

Visit The Market website for more information.

About the Downtown Farmers’ Market
The Downtown Farmers’ Market is held every Saturday morning May – October in the Historic Court District in Downtown Des Moines. The Market also produces the Downtown Winter Farmers’ Market in November. Find more information at desmoinesfarmersmarket.com, on Facebook at facebook.com/DowntownFarmersMarket and on Twitter and Instagram at @dtfarmersmarket.

About Downtown DSM, Inc.
Downtown DSM, Inc. is part of the Greater Des Moines Partnership and is dedicated to ensuring the continued growth of Downtown Des Moines (DSM). A strong region needs a strong Downtown. Downtown DSM, Inc. leads efforts to drive development, placemaking and events in Downtown DSM. It promotes Downtown through integration of retail, restaurants, businesses, housing, events and placemaking. The Downtown Events Group enhances the vibrancy of Downtown DSM through the creation, elevation and activation of arts, culture and humanities events and community placemaking. Learn more at downtowndsmusa.com.

About the Greater Des Moines Partnership
The Greater Des Moines Partnership is the economic and community development organization that serves 12 counties in Greater Des Moines (DSM), Iowa: Adair, Clarke, Dallas, Guthrie, Jasper, Madison, Mahaska, Marion, Marshall, Polk, Poweshiek and Warren. Together with more than 400 Investors and an Affiliate Chamber of Commerce network of more than 6,700 Regional Business Members, The Partnership drives economic growth and talent development to advance quality of life in DSM with one voice, one mission and as one region. Through innovation, strategic planning and global collaboration, The Partnership grows opportunity, helps create jobs and promotes DSM as the best place to build a business, a career and a future. Learn more at DSMpartnership.com.

Contact:
Kyle Oppenhuizen
koppenhuizen@DSMpartnership.com
(515) 286-4972
Learn More About DSM USA

 

Danish Government awards Norne Thorning Storage the License to explore the possibility of CO2 storage in Jutland

COPENHAGEN, Denmark, April 11, 2025 /PRNewswire/ — Norne Thorning Storage ApS (“Norne”), a Fidelis New Energy, LLC company, has been awarded the Exploration License for the Thorning structure by the Danish Minister of Climate, Energy and Utilities. Norne will soon commence its exploration work program to gather the necessary information about the structure to thoroughly evaluate and confirm its suitability for safe and permanent CO2 storage. If the structure is suitable for storage, this could pave the way for storage before 2030.

Norne will be the operator of the Thorning exploration license working alongside their joint venture partner Nordsøfonden, representing the Danish state. If data acquisition and evaluation confirm that the Thorning geological structure is suitable for safe and permanent storage of CO2, then Norne and Nordsøfonden would then have the exclusive right to apply for a CO2 storage license, which will be subject to the approval of the Danish Energy Agency (“DEA”). In addition to successfully obtaining the CO2 storage license, all relevant environmental permits will be in place and all financial and safety related requirements met before the establishment of any CO2 storage facility.

“The exploration work program has been carefully designed to provide a comprehensive understanding of the deep geological structures and their ability to safely and permanently store CO2. Ross, Norne’s Exclusive Subsurface and Wells Partner and their long experience with the subsoil of Denmark has been instrumental in planning the work program, which includes extensive seismic sensors aerial surveys with minimal environmental impacts, extensive 3D seismic surveys, and exploration and appraisal wells,” said Lars Bo Christiansen, President of Norne Climate Impact.

The award of the Thorning exploration license is a major milestone for Norne. Norne has been sponsored by Fidelis New Energy, LLC since 2021 and was chosen as an EU Project of Common Interest (“PCI”) by the European Commission in 2023. Adding the Thorning structure to Norne will bring Denmark and the EU one step closer towards its decarbonization goals with the potential to offer important hard-to-abate industries an integrated solution to reduce their CO2 emissions.

“We look forward to working alongside the DEA and collaborating with Nordsøfonden to explore the CO2 storage potential of the Danish subsoil, with the hope of establishing Thorning as a safe site for CO2 storage,” said Bengt Järlsjö, Co-Founder and President of Fidelis New Energy. “This license award highlights Denmark’s leadership in decarbonization once again, aiding both Danish and European industries in their pursuit of significant carbon emission reductions. Since 2021, we have engaged actively with the Danish government, local authorities, Port of Aalborg, and industry partners throughout Denmark and Europe. Our vision has consistently centered on promoting effective and safe onshore carbon capture and storage policies, while creating efficient and cost-effective CO2 infrastructure solutions for Denmark and Europe.”

Exploration and potential development of geological storage of CO2 is important for Denmark to achieve its carbon reduction targets for 2030 and beyond. Norne’s long and engaging discussions with Danish and EU industry players that need CO2 storage to decarbonize has enabled a concept where costs and environmental impact of Danish CO2 reductions can be significantly reduced as facilities are utilized by both Danish and EU emitters. Norne enables multiple modes of delivery of CO2 to Thorning. A CO2 receiving terminal at the Port of Aalborg will make it possible to receive CO2 from Danish, Baltic and European CO2 emitters.

About Norne:
Norne, also referred to as the Norne Carbon Storage Hub, consists of CO2 receiving facilities, pipelines, and storage facilities designed for safe and permanent storage of both biogenic CO2 and CO2 from hard- to-abate industries such as cement plants. Norne aims to receive and store CO2 from Danish and European industries that have no alternatives other than carbon capture and storage to reduce their carbon emissions. For more information, visit www.norneccs.com.

About Nordsøfonden:
Nordsøfonden is the Danish State subsurface resource company, tasked with generating value for Danish society by optimising the potential of Denmark’s subsurface assets. Nordsøfonden stands on two pillars: Production of oil and gas, thus helping to assure supplies of energy and raw materials. At the same time, Nordsøfonden is the state participant in all licences for underground carbon storage, where Nordsøfonden works to ensure reduction of emissions to the atmosphere. For more information, visit www.nordsoefonden.dk.

About Fidelis:
Fidelis is an energy infrastructure company driving decarbonization through infrastructure development in low or negative-carbon intensity products and Carbon Capture & Storage. Fidelis employs proprietary technologies to address climate and energy security challenges. Headquartered in Houston, Fidelis also has an office in Copenhagen, Denmark. Learn more at www.fidelisinfra.com

About Ross Energy
Ross Energy is a Danish full-service well management and subsurface company with 30 years of experience. The company delivers successful well engineering and well management projects across Denmark and Northern Europe, including carbon storage. By applying oil & gas expertise to geothermal and CCS projects, Ross Energy helps de-risk and mature sustainable energy solutions. Their end-to-end services—from design to drilling—support safe operations and leveraging broader green transition. Learn more at www.rossenergy.dk.

Media contact: info@norneccs.com

 

Discover Wuhan’s Magic: New Video Series Showcase City’s Vibrant Culture


WUHAN, CHINA – Media OutReach Newswire – 11 April 2025 – Recently, the Wuhan International Communications Center launched its new video series, “Understand China, Discover Wuhan”, a six-part exploration of the city’s vibrant culture, innovation, green living, youthful energy, and unforgettable culinary scene.

image-1.jpeg

The episodes—”This is Wuhan”, “Hello Future Wuhan”, “Wuhan, Home to Wildlife”, “Travel Around the World in Wuhan”, “Where to Dine in Wuhan”, and “Look at the Youth”—blend visual storytelling and AI-powered creativity to capture the city’s dynamic spirit.

Italian Pasta and Wuhan Hot Dry Noodles
Italian Pasta and Wuhan Hot Dry Noodles

Among them, “Where to Dine in Wuhan” is a music video that celebrates the city’s culinary essence. Through rhythmic narration and upbeat melodies, it presents Wuhan as a true gastronomic capital—where each dish reflects a story, and every neighborhood offers a new flavor to be explored. It invites travelers to find comfort in familiar flavors and excitement in bold new discoveries—because the language of taste transcends borders.

Wuhan’s food scene represents a harmonious blend of contrasts—where East and West intersect, tradition merges with innovation, and quiet alleyways reveal hidden culinary treasures.

Some of the city’s most iconic food destinations include:

Shanhaiguan Road in Jiang’an District wakes up to the rhythm of morning vendors calling out and clouds of steam rising from sizzling pots. With nearly 30 breakfast stalls offering over 30 local delicacies, it’s a living encyclopedia of Wuhan’s breakfast culture.

Liangdao Street, beloved by locals, bursts with neighborhood flavors. From Zhao Shifu’s crispy pancakes to Xiong Taipo’s dumplings and Taiweiji’s mango sticky rice, the street is a feast that demands repeat visits.

Jianghan Road, the pulse of downtown Hankou, is where the past meets the future. Here, traditional eateries coexist with trendy snack bars, Instagram-worthy cafés, and even the first Chinese outlet of Italian brand Odium.

Wansongyuan, a beloved local hub, proves that good food needs no fancy wrapping. Spanning several alleys, this neighborhood is a paradise of crayfish, crab noodles, and time-honored comfort food.

Garden Avenue, adjacent to the Northwest Lake and Wuhan’s CBD, is a stylish enclave of art and modernity. With global brands like COMMUNE, Noi, and O’eat opening their flagship restaurants here, it’s the place to be for fans of sophisticated Western cuisine.

Through each frame, “Where to Dine in Wuhan” illustrates how cuisine serves as a universal language, bringing people together across cultures. Whether drawn to familiar tastes or enticed by new discoveries, visitors are likely to find something that resonates deeply in this city’s vibrant food scene.

This MV offers more than just a glimpse into Wuhan—it is an invitation to understand its soul through the stories told on every plate.
Hashtag: #wuhan #food

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

DFRobot’s Open-Source Hardware Powers SAGA’s FLEXHab for Artemis Moon Mission Training

SHANGHAI, April 11, 2025 /PRNewswire/ — DFRobot, a global leader in open-source hardware, today announced the successful deployment of its high-performance single-board computers, LattePanda Delta and LattePanda Sigma, along with innovative environmental sensors, in the European Space Agency’s (ESA) newly unveiled FLEXHab lunar training habitat. FLEXHab will serve as the primary training base for both European and American astronauts as they prepare for lunar exploration.

DFRobot's Open-Source Hardware Powers SAGA's FLEXHab for Artemis Moon Mission Training
DFRobot’s Open-Source Hardware Powers SAGA’s FLEXHab for Artemis Moon Mission Training

Designed by SAGA Space Architects, a Copenhagen-based pioneer in human-centric space habitats, the FLEXHab intravehicular training habitat is physically integrated with LUNA, the world’s largest moon simulator located at Cologne’s European Astronaut Center (EAC). This integration will play a crucial role in astronaut training for the upcoming Artemis missions.

Inside the 28-square-meter FLEXHab habitat, DFRobot‘s open-source hardware products are primarily utilized as follows:

ODIN Smart Touch Terminals (2 units):
Each unit is equipped with DFRobot’s LattePanda 3 Delta SBC (8GB RAM/64GB storage) and DFRobot’s 11.6″ touchscreen, allowing astronauts to directly control cabin systems and monitor missions in real time. These terminals connect to DFRobot’s LattePanda Sigma central server — an x86-based Windows/Linux server with 32GB RAM, 500GB SSD, and WiFi 6E — which manages training data streams, ensures operational continuity, and synchronizes input across both terminals.

RAVEN Intelligent Environmental Monitoring System:
Ravens’ are sensor packs that employ an array of different environmental sensors to provide a simple, modular solution to understanding the environment.

  • Raven Lite: Features the ESP32-C3 chip, integrating DFRobot’s CO2 and basic environmental sensors.
  • Raven Pro: Utilizes an ESP32 PoE power solution, supporting multi-dimensional data collection through DFRobot’s O2 and MEMS motion monitoring sensors.

DFRobot Ambient Light Sensor: Provides real-time lighting data for SAGA’s self-developed circadian lighting system.

These modular components seamlessly integrate with SAGA’s smart management software, collectively creating a comprehensive monitoring network that covers life support and equipment operation.

Designed in close collaboration with ESA, the FLEXHab habitat meets a comprehensive set of requirements, including accommodating a crew of four astronauts for up to 30 days and incorporating features like a suitport.

“Following our 2023 collaboration on the SAGA Underwater Habitat (UHAB), we’re honored to see DFRobot’s open-source solutions powering the FLEXHab lunar training habitat,” said DFRobot CEO Ricky Ye.” This continued partnership with SAGA demonstrates the aerospace-grade reliability of our hardware in extreme environments. We remain committed to advancing space exploration through accessible open-source technologies that push the boundaries of human ingenuity.”

 

Bosera HashKey Ether ETF Approved for Staking, Marking a New Milestone for Hong Kong’s Virtual Asset Industry

HONG KONG, April 11, 2025 /PRNewswire/ — Bosera International and HashKey Capital Limited today announced that the Bosera HashKey Virtual Asset Ether ETF (stock codes: 3009.HK/9009.HK), jointly launched by the two firms, has received official approval from the Securities and Futures Commission of Hong Kong (SFC) to engage in Ethereum staking activities starting April 25, 2025. This groundbreaking development marks the Bosera HashKey Virtual Asset Ether ETF as the first virtual asset spot ETF in the Asia-Pacific region approved to support Ether staking. By enabling staking, the ETF aims to enhance potential returns for investors, creating a new avenue to participate in the Ethereum ecosystem through a regulated virtual asset investment vehicle. The approval not only fills a critical gap in the market but also underscores Hong Kong’s continued leadership in the global virtual asset space, as the city advances its vision of becoming a premier hub for compliant and innovative Web3 solutions.

On April 30, 2024, Bosera International and HashKey Capital launched the first batch of Ether ETFs in the Asia-Pacific region, offering investors a secure and convenient way to gain exposure to Ether without the need to manage asset custody or security themselves. This milestone marked a new chapter in the development of Hong Kong’s virtual asset industry. Now, as the ETF approaches its one-year anniversary, Bosera International and HashKey Capital are once again leading industry innovation. The Bosera HashKey Ether ETF has received regulatory approval to stake up to 30% of its holdings to earn Ethereum staking rewards. After deducting applicable service fees, these rewards will be reinvested into the ETF, enhancing its potential for compound growth. This latest development underscores the product’s evolution from a passive exposure tool to a dynamic vehicle that actively contributes to the Ethereum ecosystem while delivering added value to investors.

The staking service for the ETF will be provided by HashKey Cloud. Its flagship solution, ETF Staking Pro, facilitates a secure and compliant staking mechanism for Hong Kong’s first spot Ether ETF — the Bosera HashKey Ether ETF — through HashKey Exchange. Backed by an industry-leading custody framework, a robust compliance structure, and comprehensive risk management measures, HashKey Exchange ensures strong safeguards for both the ETF’s assets and its staking rewards. This integrated solution offers investors peace of mind while further reinforcing Hong Kong’s position as a trusted hub for regulated virtual asset innovation.

BOCI Prudential, serving as the primary custodian and fund administrator of the fund, has delivered comprehensive services to facilitate the product launch, further enhancing its role in supporting Hong Kong’s spot virtual asset ETF ecosystem with optimized product offerings

As a pioneer in investment value discovery, Bosera International has remained committed to providing professional and comprehensive asset management services to both institutional and individual investors across the globe. Driving inclusive finance through innovation and empowering investor services with financial technology are core pillars of the firm’s strategic vision.

Ms. Lian Shaodong, M.H., Chairwoman and CEO of Bosera International, commented:

“Receiving approval to participate in staking marks a significant milestone in our ongoing commitment to Bosera’s investment philosophy and our continued exploration of opportunities in the virtual asset space. This innovative step not only enhances returns for investors but also delivers a unique ‘Bosera solution’ for the development of Hong Kong’s virtual asset industry. Looking ahead, Bosera International will continue to leverage its strengths in investment management and fintech to drive deeper integration between traditional finance and Web3. We are committed to building a strong bridge between on-chain and off-chain finance, and to offering investors more diverse choices and an elevated investment experience.”

Mr. Deng Chao, HashKey Capital CEO and HashKey OTC Global CEO, highlighted that the ETF significantly lowers the barrier to entry for investors, paving the way for broader participation in Ethereum staking and laying a strong foundation for deeper engagement with the Ethereum ecosystem and DeFi.

“We’re excited to offer investors a new opportunity to participate in Ethereum staking through the Bosera HashKey Ether ETF,” said Deng. “As we mark the one-year anniversary of the ETF’s launch, we remain committed to delivering innovative and compliant investment solutions in the virtual asset space. By leveraging the institutional-grade staking infrastructure of HashKey Cloud — a core entity within the HashKey Group — we’re providing both professional and retail investors with a secure, efficient, and regulated vehicle to access staking rewards with ease.”

Andrew Law, CEO of BOCI Prudential, stated, “We are honored to take part in the development of this innovative financial product alongside Bosera Funds and HashKey. This ETF not only enables exposure to virtual assets but also offers the potential for additional returns through Ethereum staking.”

The ETF is now listed on the Hong Kong Stock Exchange and will continue to track the price of Ether through the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant. This index is designed to reflect the global market price of Ether. Investors can trade the ETF under the stock codes 3009.HK and 9009.HK.

About HashKey Capital

Global influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries.

As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception. With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

About Bosera International
Bosera International is one of the first Chinese asset management companies to establish operations in Hong Kong. Since its inception, the firm has actively seized opportunities in global asset allocation while remaining committed to a value investing philosophy. It has developed a comprehensive product lineup centered on stable fixed income investments, complemented by active equity and passive index strategies. Bosera International also works closely with international partners to provide two-way and cross-border asset management services to investors around the world.

Its client base spans key global financial centers, including the United States, Europe, South Korea, Singapore, and Hong Kong. With 15 years of dedicated growth in Hong Kong, Bosera International has become one of the largest Chinese asset managers in the region.

Bosera International places strong emphasis on innovation and strives for seamless integration of exploration and practical implementation. In 2024, two of its spot virtual asset ETFs were officially listed on the Hong Kong Stock Exchange, making them among the first of their kind in Asia. This year, Bosera International has further increased its investment in the Web3 space and recently partnered with HashKey to launch the world’s first tokenized money market ETF.

About BOCI-Prudential Trustee Limited

BOCI-Prudential Trustee Limited (“BOCI Prudential”)l has over 20 years of experience in trustee management and mainly provides trustee and fund administration, custody, as well as transfer agency and registry services for a variety of funds and retirement protection schemes. As at the end of Dec 2024, BOCI Prudential has MPF assets under administration of over HKD95 billion and serves around 900,000 MPF accounts under the schemes.

In the third quarter of 2024, the Hong Kong Monetary Authority, in collaboration with the industry participants, launched the “Project Ensemble” sandbox to test interbank settlement of tokenized mutual fund assets using wholesale Central Bank Digital Currency(wCBDC). BOCI Prudential played an active role in the technology design and development of tokenisation assets.

In its capacity as a fund transfer agent and fund administrator, BOCI Prudential successfully tokenized a money market fund – validating the end-to-end process of fund tokenisation and demonstrating its ability to standardize securities services for digital assets. This sandbox collaboration not only reinforces BOCI Prudential’s industry-leading position in serving clients such as fund companies, brokerages, and asset management institutions, but also pushes the boundaries of our services to cover a wider spectrum of digital assets, including stablecoins. We aim to further expand our offerings to a broader range of institutional investors, and continuously meet the market’s grown demand for innovation.

NYSE Content Advisory: Pre-Market update + U.S. and E.U. to negotiate trade

NEW YORK, April 11, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE Content Advisory: Pre-Market update + U.S. and E.U. to negotiate trade

Kristen Scholer delivers the pre-market update on April 11th

  • Stocks rose Friday as JP Morgan Chase (NYSE: JPM) exceeded earnings expectations.
  • China raised tariffs on U.S. imports to 125% after the White House upped its tariffs to 145% on Chinese imports.
  • Traders gave equities a boost after the European Union said its representatives will fly to Washington D.C. to “try and sign deals”

Opening Bell
Project H.O.O.D highlights its efforts to build a Leadership & Economic Opportunity Center on the South Side of Chicago

Closing Bell
YPF S.A. (NYSE: YPF) celebrates and introduces its new management team

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Video – https://mma.prnasia.com/media2/2662834/NYSE_Market_Update_April_11_2025.mp4

 

Lidar Industry Enters Mass Adoption Phase, Hesai Remains Leader In Global Market Share

PALO ALTO, Calif., April 11, 2025 /PRNewswire/ — Hesai Group (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotics application, has been named the top automotive lidar company by market share for the fourth consecutive year by Yole Group, a global advisory and market analysis firm recognized for its expertise in the semiconductor, photonic, and electronic sectors. The report highlights Hesai’s continued leadership in the global lidar industry, emphasizing its market-leading revenue share, and dominant presence across both ADAS-enabled passenger cars and the robotaxi segment. This leadership position was bolstered by strategic partnerships with leading global OEMs, ongoing technological innovations, and rapidly growing demand in both the passenger car segment and robotaxi market.

Hesai has been named the top automotive lidar company by market share for the fourth consecutive year by Yole Group
Hesai has been named the top automotive lidar company by market share for the fourth consecutive year by Yole Group

Yole Group’s “Lidar for Automotive 2025” report, which ranks lidar companies by several key indicators of success, noted that Hesai captured 33% of the global market by revenue in 2024. The market has witnessed enormous growth of 60% year-on-year to reach a value of $859 million.

Hesai’s leadership is particularly evident in the rapidly expanding ADAS-enabled passenger vehicle market, which is experiencing explosive growth, particularly in China. Yole Group reports that around 120 vehicle models have adopted lidar since 2018, with adoption accelerating. Nearly 40 new lidar-equipped models have launched in the last two years alone. As the technology continues to grow in popularity, Chinese automakers are now implementing lidar beyond luxury vehicles, into more affordable, mass-market models, including C-segment cars priced around $25,000. This democratization drove the ADAS passenger car lidar market to grow by 68% year-on-year in 2024. This marks a major turning point for the industry as it enters a true mass adoption phase.

Hesai's design wins with 22 OEMs across over 120 models have made it a top supplier in this segment
Hesai’s design wins with 22 OEMs across over 120 models have made it a top supplier in this segment

Hesai’s scalability, vertical integration, and strategic design wins with 22 OEMs across over 120 models have made it a top supplier in this segment. According to the report, industry leaders, including BYD and Li Auto, are driving this momentum. BYD’s “God’s Eye” intelligent driving system is now available in mass-market models, and Li Auto plans to standardize lidar across its entire 2025 lineup.

In the robotaxi market specifically, Hesai dominates with a commanding 61% market share, supplying industry leaders such as Zoox, Aurora, Apollo, Didi, Pony, and WeRide.

In the robotaxi market, Hesai dominates with a commanding 61% market share
In the robotaxi market, Hesai dominates with a commanding 61% market share

Looking toward 2025, Yole Group expects the adoption of lidar-based ADAS systems, particularly driven by recent commitments from Chinese players, will push lidar installations beyond three million units. Hesai’s growth in tandem with the industry will enable it to remain a leader in the market.

“We are proud to be recognized by Yole Group as the leader in the global lidar market for the fourth year in a row,” said David Li, CEO & Co-Founder of Hesai. “Lidar is experiencing transformative growth as automakers increasingly rely on the technology to drastically increase safety and reliability across both manned and autonomous vehicles. Our advantage lies in the speed and scale at which we innovate and manufacture, driven by our initiative of delivering ultimate performance and ultimate value-to-cost.”

“Hesai’s continued market leadership reflects their sound business model and innovation capabilities across the sector,” said Pierrick Boulay, Senior Analyst at Yole Group. “The Company is uniquely positioned to capitalize on new opportunities as the industry continues to grow.”

 Hesai continues to report the strongest revenue amongst its competitors and is the only company in the industry to have achieved full-year non-GAAP1 profitability. To date, Hesai has secured design wins with 22 automotive OEMs for over 120 vehicle models globally. In December 2024, Hesai became the first lidar company in the world to deliver more than 100,000 units in a single month.

Note: The data in this article represents third party estimates and are not official operational figures of the company. Please refer to the company’s financial report for specific information.

About Hesai

Hesai Group (Nasdaq: HSAI) is a global leader in LIDAR solutions. The company’s LIDAR products enable a broad spectrum of applications including passenger and commercial vehicles (“ADAS”), as well as autonomous driving vehicles and robotics and other non-automotive applications such as last-mile delivery robots and AGVs (“Robotics”). Hesai seamlessly integrates its in-house manufacturing process with LIDAR R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company’s commercially validated solutions are backed by superior R&D capabilities across optics, mechanics, and electronics. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning more than 40 countries.

About Yole Group

Yole Group offers a comprehensive range of reports, covering market trends, technology insights, teardowns, and reverse costing analyses. For tailored strategic, technical, or market analysis, as well as answers to specific questions, Yole Group also provides custom consulting services.

More information on yolegroup.comLinkedIn.