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Shenzhen Downtown Duty Free Shop Opens, Offering Multiple Benefits for Cross-Border Travelers

SHENZHEN, China, Aug. 26, 2025 /PRNewswire/ — On August 26, 2025, the Shenzhen Downtown Duty Free Shop, located in the UpperHills of Futian District, Shenzhen, grandly opened. The shop offers duty-free products to international travelers departing China from Shenzhen Bao’an International Airport within 60 days via international flights. Customers can enjoy price 11%-25% lower than those at tax-inclusive counters. Additionally, eligible goods purchased for tax refund upon departure offer a refund rate of 9%.

Shenzhen Downtown Duty Free Shop Opens, Offering Multiple Benefits for Cross-Border Travelers
Shenzhen Downtown Duty Free Shop Opens, Offering Multiple Benefits for Cross-Border Travelers

Shenzhen is a popular first-stop destination for international tourists entering China. Renowned as a global hub of technology, Shenzhen is home to headquarters of tech giants such as Huawei, Tencent, DJI and BYD, and is beloved by tech enthusiasts worldwide for its electronic products.

The product offerings at the Shenzhen Downtown Duty Free Shop are equally distinctive. In addition to international tech brands, the store features a wide range of products from HUAWEI, HONOR, ViVO, iFLYTEK, UBTECH humanoid robots, RingConn smart rings, Timekettle translation earbuds, Insta360, and more. It also covers 19 major categories, including beauty and skin care, watches and jewelry, and high-end alcohol, bringing together a diverse array of internationally renowned brands such as Estée Lauder, La Mer, Clarins, Moutai, and Fenjiu.

Spanning nearly 3,000 square meters, the Shop offers an immersive commercial experience. It pioneers an upgraded duty-free retail model with a “duty-free + taxable”, “imported + domestic” and “offline + online” business approach. As one of the first eight downtown duty-free shops established in China, it is also the first to provide a “cloud tax refund” service. Its “instant tax refund upon purchase” model fully demonstrates the Shenzhen Speed.

During the opening period, the Shop will launch limited-time coupons, including discounts, lucky draws, and complimentary experience vouchers. UpperHills members can also enjoy exclusive benefits such as “10x membership points,” with some duty-free products offering discounts of 50% off.

Located at the geographical hub near both Huanggang and Futian Port, UpperHills is home to two hotels, MUJI HOTEL and Mandarin Oriental Shenzhen. It connects to Lianhuashan Park and Bijiashan Sports Park via SkyBridges, integrating green ecology into the commercial district. Its international consumption atmosphere attracts 46 million visitors annually. Within a 2-kilometer radius, cultural and tourism destinations such as Shenzhen Sports Center, Shenzhen Museum, and Shenzhen Concert Hall offer cross-border business and leisure travelers a unique experience of “duty-free shopping, luxury stays, and ecological park exploration.”

 

Shrewsbury International School Hong Kong Welcomes New Principal, Priya Kanthan

HONG KONG, Aug. 26, 2025 /PRNewswire/ — Shrewsbury International School Hong Kong is thrilled to welcome our new Principal, Priya Kanthan. With over thirty years of experience in Early Years, Kindergarten, and Primary education across the UK, India, Malaysia and Hong Kong SAR, Priya brings a wealth of knowledge and a dynamic leadership style to our community.

Shrewsbury Hong Kong Principal, Priya Kathan, shares a story with early years students.
Shrewsbury Hong Kong Principal, Priya Kathan, shares a story with early years students.

Priya is driven by a vision of nurturing curious, confident and independent learners who become global citizens. Her commitment to high standards of teaching and learning, along with her dedication to creating supportive environments, reflects her passion for education. “I believe in fostering a culture where every individual feels valued and empowered to reach their full potential,” Priya stated.

Priya’s leadership style is collaborative and transformational. She aims to inspire and empower both staff and students, fostering open communication and professional collaboration. “Together, we can create a nurturing and inspiring environment where every child feels valued, empowered and excited to learn,” she emphasised.

To strengthen connections with students, staff and parents, Priya plans to be visible and approachable, actively engaging in classrooms and school activities. She will also implement an open-door policy for parents and families, ensuring accessible communication through various channels.

In her vision for Shrewsbury International School Hong Kong over the next five years, Priya envisages the school as a leader in academic excellence and holistic development. This includes the expansion of the Hanqing Bilingual Pathway, designed to foster true bilingualism in English and Chinese, alongside a rigorous British International curriculum.

Priya Kanthan’s appointment marks an exciting new chapter for Shrewsbury International School Hong Kong. We look forward to witnessing the positive impact of her leadership on our school community.

For media enquiries, please contact

Cathy Lam

Director of Marketing

Tel: 2480 7618 / 9064 3477

Email:cathy.lam@shrewsbury.edu.hk

Yuki Tsui

Assistant Marketing Manager

Tel: 2480 7617 / 6708 6928

Email:yuki.tsui@shrewsbury.edu.hk

About Shrewsbury International School Hong Kong

Shrewsbury International School Hong Kong draws directly upon the heritage of one of Britain’s most outstanding independent schools. Founded by Royal Charter in 1552, Shrewsbury School has an exceptional track record for broad study and academic excellence. We share aspiration, ideology and a commitment to the cultivation of confident, articulate and independent learners.

The only premium level provider of primary education in the region, our inspirational learning programme is founded upon the English National Curriculum and is designed to nurture creativity and confidence. Just 20 minutes from Central, we offer an exceptional range of experience to students aged between 3 and 11.

www.shrewsbury.edu.hk 

@shrewsburyhkg
#WeAreShrewsbury
#TogetherWeFlourish

ReThink HK 2025: A Flagship Event for Sustainable Development in Hong Kong

#OnlyWayForward 

HONG KONG, Aug. 26, 2025 /PRNewswire/ — Looking to make an even greater impact on Hong Kong’s sustainability scene, the sixth edition of ReThink HK is set to welcome over 10,000 attendees on 11-12 September 2025 at Hall 1 of the Hong Kong Convention and Exhibition Centre. Featuring 300+ sustainable innovations and 150+ sessions across 9 theatres and stages, this flagship event brings together top industry leaders, corporations, social enterprises, and NGOs to collaborate and accelerate Hong Kong’s journey toward a climate-smart and greener future.

With cross-sector collaboration at its core, ReThink HK has cultivated a partnership-centric event model designed to strategically unite Hong Kong to forge meaningful, interdisciplinary connections. The 2025 edition elevates this collaborative ethos, underscoring the founders’ dedication to curating a distinct and impactful conference experience.

This year’s event proudly features collaboration with industry-leading Theatre and Programme Sponsors, including Amazon Web Services, ERM Hong Kong Limited, Ernst & Young Group Limited, Hang Lung Properties, Hong Kong Productivity Council, JPMorgan Chase, MTR Corporation Limited, and OCBC together with other innovative partners driving Hong Kong’s sustainability transformation.

“Global net-zero and ecosystem restoration need collective action. At ReThink HK, we unite the top leaders and partners to co-create this movement. Our sessions inspire thousands and build Hong Kong’s sustainable economic future. As more organisations see that environmental responsibility and business success go hand in hand, our goal is clear: we must unite to turn challenges into opportunities for innovation and growth,” said Mr Chris Brown, Founder & CEO of ReThink HK.

Powering Progress Through Partnerships: ReThink HK Announces Continued Partnership with Business Environment Council & Join Forces with HK Green Week

As the exclusive co-organiser, Business Environment Council (“BEC”) will again partner with ReThink HK to present a new vision of future strategy planning with climate and nature as a core pillar. “This sixth year of partnership with ReThink HK highlights our ongoing commitment to transforming Hong Kong’s business landscape towards a net-zero economy. Together, we have demonstrated that strategic collaboration can turn sustainability commitments into tangible actions,” said Mr Simon Ng, Chief Executive Officer of BEC.

Their 2-day BEC Climate and Nature Theatre will take place with more than 60 business leaders and expert sustainability practitioners. They will be discussing the intersection between climate and nature, the latest insights for climate science relevant to Hong Kong will also be discussed.

These critical discussions gain even greater relevance as ReThink HK joins forces with HK Green Week 2025. ReThink HK is partnered with the second edition of HK Green Week launched by the Hong Kong Monetary Authority, and this will serve as a flagship event under the theme of “Forging a Sustainable Future Together.”

Gain exclusive access to cutting-edge decision-making trends, skills, and best practices

This year’s forum introduces several new dedicated stages including the Circularity & Waste Theatre, Supply Chain & Logistics Stage, and ConTech & PropTech Stage. These joins returning flagship programs such as the Net Zero Innovation Theatre and BEC Climate & Nature Theatre, creating a holistic platform spanning environmental, social and governance dimensions of sustainability.

A highlight of this year’s event is the CFO Breakfast Roundtable, presented in partnership with Accounting for Sustainability (A4S), which will address the growing role of financial leaders in sustainability transitions. The new Roundtable Workshop series will provide practical forums on next generation building materials, AI applications, and leadership development for sustainability professionals.

Our sixth edition will feature speakers from various companies, including International Union for Conservation of Nature, Circular Australia, The World Business Council for Sustainable Development. They will be exploring trends, pressing challenges, and transformative opportunities – equipping attendees with insights and valuable connections to catalyse meaningful progress within their organisations and sectors.

Industry-Leading Sustainability Innovators

More than 300 pioneering startups and companies will showcase their sustainable solutions. The exhibition features transformative innovations in waste management, energy efficiency, climate tech, sustainability consulting, and much more to come.

This year, ReThink HK introduces two major sectors. Smart Mobility & Transportation sector, partnered with CLP Power & eMobility Network, will showcase low-carbon fuels and net-zero transport solutions. Meanwhile, the new Sustainable Buildings & Infrastructure Hub, developed with the Construction Industry Council and Hong Kong Green Building Council, will highlight green construction tech and energy-efficient designs to transform Hong Kong’s built environment. These expansions demonstrate ReThink HK’s commitment to practical solutions for the city’s most pressing sustainability challenges.

About ReThink HK  

ReThink HK is a unique annual event that helps organisations align sustainable business practices at every stage of their value chain, showcases innovation and solutions accelerating sustainable transformation. ReThink unites the ecosystem so all stakeholders and communities can contribute to and look forward to a climate-smart and equitable city, for everyone. All delegate fees contribute to funding local impact projects with Hong Kong charities. 

For ReThink HK 2025 Event Programme, please visit: https://rethink-event.com/conference/ 

For more event information, please visit ReThink HK’s website: https://rethink-event.com/

For enquiries, please contact: 

Ms Maggie Tse 

Event Director 

maggie.t@rethink-event.com 

Ms Jessica Chan 

Head of Marketing & Partnerships 

jessica.c@rethink-event.com 

About ReThink Foundation 

The ReThink Foundation serves as a platform for rethinking how Hong Kong’s NGOs can harness partnerships to maximize collective social impact. Through their leading initiative, the ReThink NGOs Program, the foundation empowers NGOs to leverage strategic partnerships, offering a funding and fellowship programme for chosen highly-impactful partnership-focused NGO projects. All proceeds generated from the ReThink HK 2025 delegate pass sales will contribute to support and fund the ReThink NGOs Program. From their flagship event, ReThink HK, to the foundation’s ReThink NGOs program, the ethos of collaboration lies in the heart of all initiatives. 

For more details, please visit ReThink Foundation’s website https://rethink-foundation.org/.

PR Newswire is one of the official media partners of ReThink HK 2025.

Gamehaus Holdings Inc. to Announce Fourth Quarter and Fiscal Year 2025 Financial Results on September 9, 2025

SHANGHAI, Aug. 26, 2025 /PRNewswire/ — Gamehaus Holdings Inc. (“Gamehaus” or the “Company”) (Nasdaq: GMHS), a technology-driven mobile game publisher, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year 2025, ended June 30, 2025, before the U.S. market opens on September 9, 2025.

The management team of Gamehaus will host a conference call at 08:00 A.M. Eastern Time on Tuesday, September 9, 2025 (08:00 P.M. Beijing/Hong Kong time on the same day) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including a conference passcode, a unique PIN number (personal access code), dial-in numbers, and an e-mail with detailed instructions to join the conference call.

Participant Online Registration:  https://dpregister.com/sreg/10202338/ffc8eed540

A live and archived webcast of the conference call will be available on the Company’s Investor Relations website at https://ir.gamehaus.com/.

About Gamehaus

Gamehaus Holdings Inc. is a technology-driven global mobile game publisher dedicated to bridging creative studios and players worldwide. With a portfolio spanning mid-core and casual games, Gamehaus delivers full-stack publishing support across market insights, user growth, live-ops, data analytics and monetization optimization. With a vision to be the go-to partner for creative teams, the company specializes in combining global publishing reach with AI- and data-powered solutions to help partners build lasting success. For more information, please visit https://ir.gamehaus.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s most recent filings with the U.S. Securities and Exchange Commission.

Investor Relations Contact
Gamehaus Holdings Inc.
Investor Relations Team
Email: IR@Gamehaus.com

The Blueshirt Group
Mr. Jack Wang
Email: Gamehaus@TheBlueshirtGroup.co

IBM and AMD Join Forces to Build the Future of Computing

Companies aim to merge AI accelerators, quantum computers, and high-performance computing to help solve a wide range of the world’s most difficult problems 

YORKTOWN HEIGHTS, N.Y. and AUSTIN, Texas, Aug. 26, 2025 /PRNewswire/ — Today, IBM (NYSE: IBM) and AMD (NASDAQ: AMD) announced plans to develop next-generation computing architectures based on the combination of quantum computers and high-performance computing, known as quantum-centric supercomputing. AMD and IBM are collaborating to develop scalable, open-source platforms that could redefine the future of computing, leveraging IBM’s leadership in developing the world’s most performant quantum computers and software, and AMD’s leadership in high-performance computing and AI accelerators.

IBM Quantum System Two
IBM Quantum System Two

Quantum computing is a completely different way to represent and process information. While classical computers use bits that can only be either a zero or one, quantum computers’ qubits represent information according to the quantum mechanical laws of nature. These properties enable a much richer computational space to explore solutions to complex problems beyond the reach of classical computing alone, including in fields such as drug discovery, materials discovery, optimization, and logistics.

“Quantum computing will simulate the natural world and represent information in an entirely new way,” said Arvind Krishna, Chairman and CEO, IBM. “By exploring how quantum computers from IBM and the advanced high-performance compute technologies of AMD can work together, we will build a powerful hybrid model that pushes past the limits of traditional computing.”

“High-performance computing is the foundation for solving the world’s most important challenges,” said Dr. Lisa Su, Chair and CEO of AMD. “As we partner with IBM to explore the convergence of high-performance computing and quantum technologies, we see tremendous opportunities to accelerate discovery and innovation.”

In a quantum-centric supercomputing architecture, quantum computers work in tandem with powerful high-performance computing and AI infrastructure, which are typically supported by CPUs, GPUs and other compute engines. In this hybrid approach, different components of a problem are tackled by the paradigm best suited to solve them. For example, in the future, quantum computers could simulate the behavior of atoms and molecules, while classical supercomputers powered by AI could handle massive data analysis. Together, these technologies could tackle real-world problems at unprecedented speed and scale.

AMD and IBM are exploring how to integrate AMD CPUs, GPUs, and FPGAs with IBM quantum computers to efficiently accelerate a new class of emerging algorithms, which are outside the current reach of either paradigm working independently. The proposed effort could also help progress IBM’s vision to deliver fault-tolerant quantum computers by the end of this decade. AMD technologies offer promise for providing real-time error correction capabilities, a key element of fault-tolerant quantum computing.

The teams are planning an initial demonstration later this year to show how IBM quantum computers can work in tandem with AMD technologies to deploy hybrid quantum-classical workflows. The companies also plan to explore how open-source ecosystems, such as Qiskit, could catalyze the development and adoption of new algorithms that leverage quantum-centric supercomputing.

IBM has already initiated the first steps towards a vision in which quantum and classical computing are seamlessly integrated, including a recent partnership with RIKEN to deploy and directly connect IBM’s modular quantum computer, IBM Quantum System Two, with Fugaku, one of the world’s fastest classical supercomputers; as well as work with industry leaders such as Cleveland Clinic, the Basque Government, and Lockheed Martin to demonstrate how combining quantum and classical resources could return valuable results for difficult problems, beyond what classical computers can do on their own.

AMD CPUs and GPUs power Frontier at the U.S. Department of Energy’s Oak Ridge National Laboratory—the first supercomputer in history to officially break the exascale barrier. Today, AMD EPYC™ CPUs and AMD Instinct™ GPU technology also drive El Capitan at Lawrence Livermore National Laboratory, giving AMD the distinction of powering the two fastest supercomputers in the world, according to the TOP500 list. Beyond high-performance computing, AMD CPUs, GPUs and open-source software also power numerous generative AI solutions for leading enterprises and cloud providers around the world.

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit ibm.com for more information.

About AMD
For more than 55 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, Facebook and X pages.

Media Contacts:

IBM

Brittany Forgione, IBM Communications
Brittany.forgione@ibm.com

AMD

Aaron Grabein, AMD Communications
Aaron.Grabein@amd.com

IBM Quantum System Two (interior render) is the company’s first modular quantum computerBM Quantum System Two (interior render) is the company’s first modular quantum computer and cornerstone of IBM’s quantum-centric supercomputing architecture. Credit: IBM
IBM Quantum System Two (interior render) is the company’s first modular quantum computerBM Quantum System Two (interior render) is the company’s first modular quantum computer and cornerstone of IBM’s quantum-centric supercomputing architecture. Credit: IBM

 

 

OpenLight Raises $34M Series A to Scale Next-Gen Integrated Photonics for AI Data Centers

  • Series A co-led by Xora Innovation and Capricorn marks OpenLight’s transition from a Synopsys subsidiary to a high-velocity, venture-backed company
  • Covered by more than 360 patents, OpenLight’s PDK gives customers access to a library of passive and active components
  • Foundry-validated PDK accelerates time-to-market and enables scaled manufacturing of heterogeneously integrated III-V photonics

SANTA CLARA, Calif., Aug. 26, 2025 /PRNewswire/ — OpenLight, a leader in custom Photonic Application-Specific Integrated Circuit (PASIC) chip design and manufacturing based on heterogeneous integration, today announced the close of its oversubscribed $34M Series A. The round is co-led by Xora Innovation and Capricorn Investment Group. Other participants include Mayfield; Juniper Networks, now part of HPE; Lam Capital, the corporate venture arm of Lam Research Corporation; New Legacy Ventures; and K2 Access.

This round of financing completes OpenLight’s transition from a Synopsys subsidiary to a high-velocity, venture-backed company positioned to address the growing demand for faster and more energy-efficient data movement in AI data center networks. As the shift from electrical to optical interconnects accelerates to support AI-scale workloads, integrated photonics is emerging as a core enabler of next-generation data center infrastructure. Additional applications for OpenLight’s technology include telecom, automotive and industrial sensing, IoT sensing, healthcare and quantum computing.

OpenLight’s Process Design Kit (PDK), based on the heterogeneous integration of indium phosphide and silicon photonics, gives customers access to a library of passive and active components covering integrated lasers, modulators, amplifiers and detectors. This PDK has been validated at the leading photonics foundry, Tower Semiconductor, ensuring designs are production-ready from day one. This enables customers to create custom PASICs using proven building blocks, simplifying advanced chip development and accelerating time-to-market. OpenLight currently holds more than 360 patents covering its PDK and the manufacturing of heterogeneously integrated III-V photonics. The OpenLight PDK is already being used by over 20 companies to design and fabricate PASICs across a wide spectrum of applications.

With the new capital injection, OpenLight will expand its PDK library of active and passive photonics components, including its leading-edge 400Gb/s modulator and indium phosphide heterogeneously integrated on-chip laser technology. OpenLight will also ramp up its standard-based reference PICs at 1.6Tb/s and 3.2Tb/s to provide customers with the most flexible and leading-edge component design library available in the market. In addition, the company will scale its team to support customers as they transition to volume production over the next 12 months.

“As we enter this next phase of our company’s growth, we are excited to be adding such strong investors with deep roots and expertise in the semiconductor and photonics industry,” said Dr. Adam Carter, CEO of OpenLight. “With this strong syndicate of investors, we can push the boundaries of innovation and deliver transformative solutions to our customers. This funding will allow us to scale our operations, deepen our R&D efforts and bring our groundbreaking products to market faster. We believe heterogeneous integrated silicon photonics will transform the way data is processed and transmitted, and we’re excited to be at the forefront of this revolution.”

“Xora has conviction that the field of photonics is going to see exponential growth in the coming years, and III-V heterogeneous integration is one of the foundational capabilities that will enable this growth,” said Phil Inagaki, Managing Partner & Chief Investment Officer, Xora. “We see OpenLight not only as a technology leader in this field, but also as a company positioned to quickly scale manufacturing with foundry partners. One of the critical challenges for the photonics industry in the back half of this decade will be achieving scale, and we see OpenLight’s PDK as an important part of the solution.”

“Optical connectivity in data centers has become critical for next-generation scale-up and scale-out AI architectures. OpenLight’s heterogeneous integration delivers on all three axes of performance, reliability and cost, which will enable the explosive growth of optical IO,” said Dipender Saluja, Managing Partner at Capricorn’s Technology Impact Funds. “With the industry’s leading team, open PDKs, strong foundry and customer relationships, OpenLight is best positioned to meet the scale of demand that is needed for next-generation AI hardware.” 

About OpenLight
OpenLight is the world leader in custom PASIC design. OpenLight’s PASIC technology integrates all the components of silicon photonics devices, both active and passive components, into one chip. Our executive and engineering teams deliver the world’s first open silicon photonics platform with integrated lasers, modulators, amplifiers and detectors to improve the performance, power efficiency and reliability of designs for datacom, AI, high-performance computing, telecom, automotive and industrial sensing, IoT sensing, healthcare and quantum computing applications. With over 360 patents, OpenLight is bringing optical solutions to places it has never been before and enabling technologies and innovation that weren’t previously possible. The company is headquartered in Santa Barbara, California, with offices in Silicon Valley. Read more at www.openlightphotonics.com.

About Xora Innovation
Xora provides capital and commitment to exceptional entrepreneurs transforming essential industries and powering the AI revolution. The firm invests across three key sectors: Compute & Communications, Energy and AI in Physical Industries. Xora supports its portfolio companies for the long term through its expertise and by leveraging the extensive network of its anchor LP, Temasek. For more information, visit xora.vc.

About Capricorn’s Technology Impact Fund
The Technology Impact Fund (TIF) is a venture capital partnership that invests in companies developing and scaling novel engineering-based solutions to global challenges. TIF’s investment process is grounded in comprehensive perspectives on long-term, global trends in technology, transportation, power, storage, efficiency, semiconductors, aerospace, sensors, earth data and analytics. TIF is an early investor in iconic companies including Tesla, Joby Aviation, SpaceX, QuantumScape, Redwood, Planet Labs, Saildrone, Helion, Nuvia, Innovium, and Raxium.

Capricorn Investment Group is an investment firm founded to demonstrate that it is possible to invest profitably while driving sustainable positive change. Capricorn manages about $12B in assets for investors who strive for extraordinary investment results by leveraging market forces to accelerate large scale impact.
Learn more at www.capricornllc.com 

About Mayfield 
Mayfield partners with founders from day zero who see limitless possibilities where others see constraints. Drawing on our 55-year legacy of company building and people-first philosophy, we bring founder-to-founder expertise because we’ve built and scaled companies ourselves. We don’t just write checks — founders say our unwavering commitment sets us apart. We’ve celebrated over 120 IPOs and 225+ acquisitions, including breakthrough companies like HashiCorp, Lyft, Mammoth Biosciences, Marketo, Nuvia, Poshmark, ServiceMax and SolarCity. From our Silicon Valley home, with $3 billion in assets under management, Mayfield is more excited than ever to back founders building the AI future where potential knows no bounds. Join us at mayfield.com.

About HPE
HPE (NYSE: HPE) is a leader in essential enterprise technology, bringing together the power of AI, cloud and networking to help organizations achieve more. As pioneers of possibility, our innovation and expertise advance the way people live and work. We empower our customers across industries to optimize operational performance, transform data into foresight and maximize their impact. Unlock your boldest ambitions with HPE. Discover more at www.hpe.com.

About New Legacy Ventures
New Legacy Ventures is the venture arm of New Legacy Group, a multifaceted investment firm spanning direct investments, public equities, wealth advisory and fund allocation. The firm invests across industries and stages, focusing on founders who see uncommon opportunity and pursue it with purpose. For more information, please visit www.newlegacy.com.

About K2 Access
The K2 Access Fund invests in early-stage startups, primarily alongside Tier-1 venture firms, and provides hands-on support with product-market fit, customer acceleration and strategic growth. With a focus on high-growth sectors including AI, cybersecurity, cloud and advanced enterprise technologies, the fund helps startups scale faster, build market traction and position for long-term success.

 

 

Mayfield
Mayfield

 

 

 

 

 

Thailand’s BBLAM to Launch China-Focused FOF in partnership with China’s E Fund

GUANGZHOU, China, Aug. 26, 2025 /PRNewswire/ — BBL Asset Management (BBLAM), one of the largest asset managers in Thailand, will launch the Bualuang China Next Economy Fund (B-CNNEXT) on August 26. The fund-of-funds (FOF) will invest via QFII channels in equity funds managed by E Fund Management (E Fund), the largest mutual fund manager in China, helping Thai investors capture opportunities in China’s economic transformation.

During the past years, Thailand has witnessed a growing interest for foreign investment opportunities, especially in China. “We’ve been observing the Chinese market very closely, in Thailand China-related strategies make up a significant portion of the offshore offerings for Thai investors. The return discrepancies between global and onshore managers in mainland China have been huge. Recently, BBLAM has obtained its QFII licenses to take full advantage of assessing the best strategies in mainland China,” said Khun Anak Kittivat, Global Investment Management at BBLAM. “The partnership with E Fund shows our commitment to growing our China strategy franchise in Thailand. We believe that the structural investment themes of China remain strong in areas such as AI, renewable energy, robotics, and healthcare, all of which look very promising.”

The launch builds on BBLAM’s strategic collaboration with E Fund, its first Chinese partner, following a MOU signed in March 2024. This partnership was further strengthened in December 2024, when BBLAM’s Bualuang China Equity Fund invested in the E Fund Ruiheng Hybrid Fund. The upcoming launch of this new FOF product, marks another milestone, underscoring the deepening cooperation between the two firms. Against the backdrop of China’s progressive capital market opening, E Fund is advancing its globalization strategy through overseas subsidiaries and strategic partnership with leading global asset managers. These efforts position E Fund as a bridge for global investors allocating to China, offering greater accessibility and enhanced service.

About E Fund

Established in 2001, E Fund is a leading comprehensive mutual fund manager in China with over RMB 3.6 trillion (US$ 512 billion) under management as of 30 June 2025. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. Long-term oriented, it has been focusing on the investment management business since inception and believes in the power of in-depth research and time in investing. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.

About BBLAM

BBL Asset Management Company Limited (BBLAM) is a broadly diversified investment management company committed to offering investors superior performance. Founded in March 1992, the company has built its funds under management to approximately 768,832 million baht or 24 billion USD as of December 2024.

BBLAM offers and manages various types of funds across equity, fixed income, asset allocation strategies and real estate for institutional and retail clients, in addition to the REITS & Infrastructure private and provident funds business.

SM cites new opportunities in clean energy

PASAY CITY, Philippines, Aug. 26, 2025 /PRNewswire/ — SM Investments Corporation (SM Investments), the parent company of the SM group recently reaffirmed its commitment to renewable energy as a long-term growth driver, broadening its sources of clean power to help future-proof its businesses and the communities it serves.

At the company’s first-half results briefing, President and CEO Frederic C. DyBuncio underscored the group’s focus on expanding its renewable energy initiatives through its energy arm, Philippine Geothermal Production Company, Inc. (PGPC).

“We are focused on geothermal energy production, which is baseload and runs 24/7. Production has been doing well, and with a new rig in place, we are building capacity to develop more sites,” DyBuncio said.

PGPC currently operates the geothermal steam fields in Tiwi, Albay and MakBan in Laguna and Batangas. It is also advancing five new concession areas, including Mt. Malinao in Albay, where three wells have already been drilled.

SM’s clean energy commitment also extends across its other businesses. Carmen Copper Corporation, a unit of Atlas Consolidated Mining and Development Corp., recently commissioned the country’s first megawatt-scale floating solar facility in Toledo City, Cebu. Covering three hectares on the Malubog Reservoir, the installation generates 4.99 MW of renewable power, meeting about 10% of the copper mine’s energy needs.

The group is likewise exploring wind energy opportunities.

SM Prime, the group’s integrated property developer, has installed solar photovoltaic systems across 48 malls with a combined 77.6 MW capacity. Its most recent installation is the country’s largest rooftop solar PV system at SM City Fairview in Quezon City, spanning 4.3 hectares with an annual output of 5,960 MWh, equivalent to 11% of the mall’s power use. By end-2025, SM Prime targets 63 malls with 100 MW total capacity.

SM Retail is also advancing clean energy adoption. The SM Store in Cubao now sources 3.8% of its power from rooftop solar, while the SM Retail Headquarters in Pasay City has been running fully on renewable energy since November 2024.

In logistics, 2GO Group, Inc. has shifted to renewable energy for its warehouses in Asinan and Elisco, with its Elisco site deploying 42 electric forklifts that cut 50 metric tons of carbon emissions annually.

SM’s sustainability efforts are further supported by BDO Unibank, Inc., which has financed 63 renewable energy projects with a total portfolio of PHP1 trillion and installed capacity of 2,679 MW.

“We’re only given one planet,” DyBuncio said. “At SM, we see renewable energy as both a responsibility and an opportunity to support the country’s energy transition while building more resilient and sustainable businesses and communities.”

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

For more information, please visit www.sminvestments.com