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Cushman & Wakefield : CRE investment activity back on the rise. Half-year transaction volume increased by 97% y-o-y

By
Laotian Times
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Industrial buildings and development sites being sought after Hotels show potentials of long-term appreciation

  • Commercial real estate investment market has recorded 89 deals in 1H21, and a total consideration of HK$43.1 billion, an increase of 97% y-o-y
  • Full year deal count is expected to reach 200 cases, the most active year since 2018.
  • Local investors have dominated the market due to travel restrictions, but institutional investors start to eye on industrial buildings and development sites.
  • Industrial buildings and development sites are expected to be sought after, while hotels show huge potentials for long term appreciation.

HONG KONG SAR – Media OutReach – 15 July 2021 – Global real estate services firm, Cushman & Wakefield, announced the Hong Kong investment market 2021 Q2 review and forecast today. As local pandemic situation calms down and the economy recovers, local and institutional investors with abundant capitals have turned active and looked for investment opportunities in the market, resulting in upsurge in commercial real estate (CRE) transaction volume in 1H21. Half-year transaction volume has surpassed that of the annual number in 2020, with the industrial sector newly under the spotlight. The hotel sector is also expected to show potential for capital value growth in the long run.

Figure 1: CRE investment deals and considerations in the last decade

Figure 2: CRE tranactions by sector in 1H21

Figure 3: CRE transactions by investor type

Figure 4: Development map of Kwu Tung North in the New Territories


CRE investment deals and consideration

CRE investment sentiment has gradually recovered since the end of 2020. Driven by local investors and a few institutional investors, this trend has continued into the first half of 2021. 89 transactions (with deal size over HK$100 million) were recorded in this period, making a total consideration of HK$43.1 billion, an y-o-y increase of 97%, marking the most active half year since 2H18. The average deal size was HK$485 million (Figure 1).

Mr. Keith Chan, Cushman and Wakefield’s Director, Head of Research, Hong Kong, shared, “We expect the number of transactions for this year will hit 200 cases. Yet, investors remain cautious due to the uncertain economic outlook. Deals will mostly be in small size in the near term. The total consideration for this year will likely reach half of the peak in 2017 or 2018.”

CRE investment by sector

Amongst the transactions, the office sector was most active in 1H21, accounting for 40% of the total consideration, mainly driven by a single transaction. On the other hand, the retail sector recorded the highest number of deal count as local investors were in favour of smaller assets but greater chance for long-term growth. Yet, with office and retail rents still declining in the near term, capital looked into industrial and development sites with value-add potential in the longer term. In particular, industrial properties emerge as the most investible asset class in 1H21, accounting for 30% of total consideration, a significant increment compared to the average of 14% in the last decade (Figure 2).

The surge in industrial property transaction was mainly due to its relatively low unit price and a set of favourable policies by the government. For instance, “the new industrial building revitalization scheme” announced in 2018 allows revitalized buildings fulfilling certain requirements to achieve additional GFA; The launch of the pilot scheme of “Land Premium Standard Rates” in March 2021 also enhanced the flexibility and clarity for decision making. In addition, the potential for traditional industrial buildings to be converted into other modern usages such as mini-storage, cold storage, logistics warehouse and data centers will match with new business demand and create value in the post-pandemic era.

Although hotel transactions have been muted, it possess great value-add potential for long-term investors. Mr. Tom Ko, Cushman and Wakefield’s Executive Director, Head of Capital Markets, Hong Kong, said, “The hospitality industry has been facing many challenges during the pandemic and hence associated investment activity has frozened at present. Yet, the hotel industry has been proactively reacting to the situation by launching monthly rental plans, in an attempt to benefit from the red-hot residential market.

Notably, investors have been looking into the long-term investment value of hotel properties, especially high-quality assets at discount. As such, we anticipate that hotel transactions will pick up in the second half of the year.”

Investor breakdown

With travels between Hong Kong and the mainland, and most part of the world still being restricted, local capital has effectively dominated the market, accounting for over 70% of the total transactions in 1H21. That said, institutional investors, particularly those have local presence, also actively looking for investment opportunities. Notable transactions include an en-bloc industrial building on Hung To Road in Kwun Tong, and a portion of Wharf’s Cable TV Tower in Tsuen Wan. Mainland investors, however, were relatively quiet, accounting for only 13% of the transaction volume (Figure 3).

New market spotlight

In addition to the abovementioned projects, Kwu Tung North will become the upcoming spotlight in the property market. Thanks to the improved transportation and ancillary facilities, such as the new Kwu Tung Station to be constructed in 2023 and completed in 2027, this area has been increasingly appealing to major developers. With the recent confirmation of more upcoming development projects in Kwu Tong, as well as the nearby developments in the Lok Ma Chau Loop and the Hong Kong-Shenzhen Innovation and Technology Park (HSITP), developers are expected to pay increasing attention to the area in the next one or two years (Figure 4).

Mr. Tom Ko concluded, “We believe the commercial real estate investment market will continue to be active in 2H21, and the investment sentiment remains cautiously optimistic. With some stocks already under their belt, local investors will take a wait-and-see approach before they invest further when the market upward trend is fully confirmed. Travel restrictions have hindered local deals by mainland and institutional investors for some time. Once restrictions are relaxed, they will become more aggressive. We expect investors will be keen on industrial assets. Long term focus is on hotel assets which give better prospects.”

Please click HERE to download photos and presentation deck.

Photo captions:

Photo1: (From Left to Right) Mr. Tom Ko, Cushman and Wakefield’s Executive Director, Head of Capital Markets, Hong Kong and Mr. Keith Chan, Cushman and Wakefield’s Director, Head of Research, Hong Kong

Photo 2: (From Right to Left) Mr. Tom Ko, Cushman and Wakefield’s Executive Director, Head of Capital Markets, Hong Kong and Mr. Keith Chan, Cushman and Wakefield’s Director, Head of Research, Hong Kong

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. Across Greater China, 22 offices are servicing the local market. The company won four of the top awards in the Euromoney Survey 2017, 2018 and 2020 in the categories of Overall, Agency Letting/Sales, Valuation and Research in China. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

#Cushman&Wakefield

Discovery Bay FUNtastic Summer 2021: Keigo Family Characters, Mobile Game and Lucky Draw Await at the Discovery Bay FUNtastic Summer Shop, Eat, Play Fiesta

By
Laotian Times
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HONG KONG SAR – Media OutReach – 15 July 2021 – Get ready for the summer as Discovery Bay unveils a series of activities and launches the “FUNtastic Summer @DB Pass” for locals to unwind in the seaside resort destination right at home. The newly renovated DB Plaza now houses a wide variety of specialty shops and restaurants and DB Ice Rink, Hong Kong’s latest international-standard ice-skating rink. Together with the large indoor playground EpicLand at DB North in this picturesque southern European island style community, you will have totally relaxed shopping, leisure, and gourmet experience with your family.

Non-stop Photo Hunt with Keigo Family in Discovery Bay

Asian superstar Keigo family has landed Discovery Bay! Created by the famous Japanese illustrator Keigo, animal characters with different personalities, such as crocodile, giraffe, rabbit and sloth, tell their own stories in a unique way. They will show up at various photo spots around Discovery Bay this summer, sharing their sense of humour and positivity, and offering FUNtastic photo-taking opportunities to all. You will never fail to find one of them next to you!

Discovery Bay FUNtastic Summer Pass with Attractive Discounts and Limited-Edition Gift Sets

This summer, Discovery BayFUNtastic Summer Pass is available at https://www.klook.com/zh-HK/activity/58770 . Each pass at HKD150 will entitle one login to join to Keigo Family Photo Hunt Mobile Game # to win one set of limited-edition premiums, one HKD50 Discovery Bay dining voucher#, one HKD50 Discovery Bay shopping voucher. This campaign runs from 17 thJuly to 31 st August 2021. “Discovery Bay FUNtastic Summer Pass” is available from today onwards on first-come-first-served basis while stock lasts.

Redeem FUNtastic Summer Pass after purchase at klook.com

Redemption period: 17 thJuly to 31 stAugust 2021

Time: 12:00 – 21:30

Location: Concierge, DB Plaza

#Terms and conditions apply

Discovery Bay FUNtastic Summer Lucky Draw

During promotion period (17 thJuly to 31 stAugust, 2021), each electronic payment of HKD200 or above (one same-day receipt) at selected retail shops from Monday to Friday, or electronic payment of HKD800 (one same-day receipt) at selected retail shops on Saturday and Sunday will be entitled to one lucky draw ticket^. Lucky draw offers the chance to win fabulous prizes worth HKD 68,000.

10 winners will be drawn on 1 stSeptember 2021. Each of them will receive the following prizes:

  • Auberge Discovery Bay Hong Kong Mountain View Suite two days one night accommodation with buffet breakfast (two sets)
  • Discovery Bay shopping voucher HKD1,000
  • Discovery Bay dining voucher HKD1,000
  • Discovery Bay Ice Rink Skating voucher HKD400

*Trade promotion competition licence number: 54586-7

#Terms and conditions apply

^ One ticket per person per purchase

Redeem FUNtastic Summer Lucky Draw Ticket

Redemption period: 17 thJuly to 31 stAugust 2021

Time: 12:00 – 21:30

Location: Concierge , DB Plaza

For more information of Discovery Bay FUNtastic Summer promotions, please visit:

Website：

www.visitdiscoverybay.com

Facebook：

@VisitDiscoveryBay

Instagram：

@visitdiscoverybay

Email﹕

explore@visitdbay.com

Official Discovery Bay Photos: https://drive.google.com/drive/folders/1PoCkHXhm7BI2TgyQZqFtDlFbm-iLytq0?usp=sharing

Appendix 1: Day Tour Itineraries at Discovery Bay

Appendix 2: Specialty Shops and Check-in Spots at Discovery Bay

Appendix 1: Three Recommended Day Tour Itineraries in Discovery Bay

Want to spend a day in Discovery Bay? There are so many choices! Energetic people can go to sandy beaches, ice rink, EpicLand. Nature lovers can stroll through mangroves and Nim Shue Wan. Couples can visit specialty shops in Discovery Bay Plaza, then get romantic at Love Lock Promenade and the White Chapel. Families can have gatherings at Discovery Bay North Plaza or D’Deck which hosts the largest outdoor restaurant and choose any cuisine they like. We have listed a selection of three itineraries in Discovery Bay.

[Itinerary 1: Family Day Out] Enjoy Family Time with Age-friendly Activities

1) Tai Pak Beach: This outdoor beach features an all-day children’s playground free for everyone. Children and family will have endless fun in this sunny beach.

2) DB Ice Rink: Put on skates and have wonderful memories on the white ice and snow.

3) Discovery Bay North Plaza: Power up yourself at noon and have a gastronomic trip to Mexico, Thailand, New York and other places.

4) Central Park: Picnic in the largest park in Discovery Bay and indulge in the pleasure of leisure.

5) Mangroves: Take children to a study outing and explore biodiversity and the richness of ecosystem.

6) EpicLand: Have fun with rainbow slide, trampoline, miniature golf course, climbing area, zip line and other recreational facilities in this large indoor amusement park.

[Itinerary 2: Island Romance] Romantic Day Out with Your Beloved

1) D’Deck: Kick off a romantic day with worldwide cuisine at the largest outdoor restaurant in Hong Kong.

2) Discovery Bay Plaza: A new spot for food, shopping and dating. Visit specialty shops and pick small gifts for your beloved to show your passion.

3) Love Lock Promenade: Walk along the beach and spend intimate moments with your beloved. Engrave vows of love on a lock and let the sky and sea be the witness of your passion.

4) White Chapel: Capture romantic moments in the first glass-walled pyramid white chapel in Hong Kong.

5) Auberge Discovery Bay Hong Kong: Check in one of the stylish suites and unwind as the picturesque mountains or the magnificent ocean embrace you.

[Itineraries 3: The Great Outdoors] Adventure the Nature

1) Discovery Bay Lookout: Take a breathtaking panoramic view of the magnificent ocean seascape. Want tougher challenge? Go further towards Lo Fu Tau, Mui Wo or Tung Chung.

2) Nim Shue Wan Pier: Take you to Peng Chau or Mui Wo for a short trip.

Appendix 2:Specialty Shops and Check-in Spots at Discovery Bay

Retail Shops:

European Touch

European Touch is passionate about bringing the flavours of Europe to consumers. It offers goods that reflect our vision – making it possible for everyone to Eat Better and Feel Better. The picks of “european touch’s choice” consist of products that are fairly and sustainably produced or products that have earned the choice for their premium quality. When the catalogue is curated, it strives for creating Value for Value.

felix & mina

The concept of “felix & mina” together with our philosophy “live the moment, live with consciousness” originated in Frankfurt Germany, by passionate mums who love “Mini ” Fashion. We wanted to create children’s wear that has great design, but is also safe for both kids and the environment. The family concept store by felix & mina in Discovery Bay merges fashion, art, design and fun, creating a sensory experience, punctuates with curated spaces of stunning visual merchandising and collaborations. It provides customers with a great selection of modern children’s wear and family orientated lifestyle products which ensure every family member can enjoy shopping in the store.

Islandwake

Established in 1995, ISLAND WAKE is the first one-stop shop for extreme sports shop equipment in Hong Kong specialized in water sports and skiing equipment and apparel. It carries 100 brands including Billabong, Roxy, Quiksilver, Reef, Sun Bum, Smoothstar, Havaianas, Liquid Force, Hyperlite, Thirtytwo, Gentemstick, K2 Snowboarding, MasterCraft, Fliteboard, etc.

Lareina

Stylish collection of fashion and products that fit the need of any modern ladies in town. Targeting at bringing out the pride and style in all women, Lareina offers tailored consultation advice to shoppers at large.

Polishfood.hk

Featuring a vast selection of food and groceries sourced directly from Poland, Polishfood.hk is your one-stop boutique for Polish meats, dairy products, confectioneries, ethnic Polish cuisines and organic produce. With products flown to Hong Kong weekly, the newest and the best gourmet of Poland awaits your discovery.

Red Velvet Designs

Delicately designed by shop owner and designer Kavita Mathur, every piece in store is a bespoke piece of art that can be personalized in every way for you. Kavita loves sharing home decoration insights with customers and is a master in custom designed homeware, carpets or even furniture. Regardless of the size, pattern, style and space, Red Velvet is here to help you effortlessly build your dream home.

Slowood

Slowood is an eco-friendly lifestyle store that makes sustainable shopping so easy for you. Browse from a wide range of imported European homeware, personal care products, sundries, healthcare goods, groceries and more.

Tree of Joy

Promoting “Play, Learn & Grow in Joy”, Tree of Joy boasts a vast and high-quality selection of educational toys, interactive storybooks and specialty wooden toys imported from Europe to let children’s imagination take off.

YOPE

A family-friendly brand from Poland — YOPE continues to create wonders for ladies and gentlemen with sustainable personal care and home care products formulated with skin-safe, natural, environmentally friendly ingredients and distinctive fragrances.

Gourmet Dining:

Bones and Blades

A premium specialty butcher shop featuring grain-fed meat, with a wide range of cuts and grades for beef, as well as other gourmet meats. Select your favourite cut and have it prepared perfectly to your taste. Excite your palate with the rich and juicy Italian gourmet sausages made exclusively in-house. After a sumptuous meal, bring home meats and cold cuts for culinary fun with your family. Bones and Blades’ experienced team is here to provide professional advice according to your taste and recipe.

The Coffee Academïcs

The Coffee Academïcs Discovery Bay is the latest café concept by The Academïcs Group, the first dining outlet on the outlying island. The unique concept ties together a coffee dispensary and retail corner with a dine-in café & restaurant space. For the very first time, The Coffee Academics will feature a one-stop self-ordering system, customers can scan, order and enjoy at their own pace with ease. The Coffee Academïcs Discovery Bay is a new destination for coffee, nature, and lifestyle lovers.

Other check-in spots :

Seaside dinning at D’Deck

Treat yourself with a feast at D’Deck, the renowned seaside alfresco dinning spot. Most of the restaurants have outdoor seating areas allowing you to enjoy cuisine with spectacular seaviews. Lovers of spicy Mexican delicacies must not miss the exquisite Mexican cuisine at Coyote Mexican Cantina. Its homemade nachos and traditional dishes will wake every taste bud up. Embrace yourself in sentiments français with the fine French cuisine and European cocktails at 22° North. The recently renovated Italian restaurant iL Bel Paese cooks fresh imported ingredients which refresh your taste and sight. Solera Spanish Restaurant near the pier is famous for its classic Spanish seafood and traditional dishes. Its innovative cuisine will surprise Spanish cuisine lovers.

New ice rink with international standard facility

Discovery Bay Ice Rink creates wonderful and unique memories for you. Whether you look for leisurely family time or a thrilling competition, this “Ice Dreamland” is here for you to explore. An international standard ice rink, DB Ice Rink is equipped with state-of-the-art facilities and a world-class professional coaching team which will take your skating experience to another level. The DB Ice Rink is just a starting point for your leisure and entertainment journey. A day of beach fun in Discovery Bay, or dining experience in open space is just a step away. Now head to DB Ice Rink and experience the wonder of Discovery Bay!

Discovery Bay North Love Lock Promenade

As the bus from Discovery Bay Pier arrives, the first landmark you see is the European style clock tower, and next you will arrive at the Love Lock Promenade. Parents may wish to relive their dating memories and seal their names here with their own love locks. The seaside promenade offers scenery of southern European architectures and coastline of sea and sky, you will feel if you are in Europe.

The Pavilion and Central Park

Along the seaside promenade past Auberge Discovery Bay Hong Kong, you will find this glass-walled white pyramid. This seaside auditorium has hosted countless romantic weddings and brought back sweet wedding day memories of many couples. After only 10 minutes’ walk from Discovery North Waterfront, you will reach Central Park surrounded by large green patches, artificial lakes and fountains and verdant trees. The tranquil and pretty environment is perfect for walks and taking pictures or running and discharging for children.

About Discovery Bay

Discovery Bay is located in the northeast of Lantau Island. With a land area of approximately 650 hectares and surrounded by mountains and oceans, it is Hong Kong’s foremost premium international residential community and a unique leisure destination, boasting a quiet environment, sophisticated urban planning and a variety of waterfront facilities.

Situated next to Discovery Bay Pier, D’Deck is Hong Kong’s renowned oceanfront al fresco dining destination with numerous themed restaurants with spectacular views of the sea. The 400-metre-long Tai Pak Beach is an excellent venue for outdoor activities with related facilities. Featuring a shopping arcade, restaurants, an open piazza and Love Lock Promenade, DB North serves as the second social hub for the Discovery Bay community and visitors alike. Adjoining is Auberge Discovery Bay Hong Kong, home to 325 superbly appointed rooms and suites, a seaside Pavilion with a one-of-a-kind design, offering a unique leisure experience.

Discovery Bay is served by a comprehensive transport network that includes ferry services to Central, bus services to Tung Chung MTR Station, Sunny Bay MTR Station and Hong Kong International Airport. A Free Ride is offered to diners at designated restaurants1 at Discovery Bay. Both urban and Lantau taxis can access Auberge Discovery Bay Hong Kong through the Discovery Bay Tunnel, providing a convenient alternative for residents and visitors alike.

1 Designated restaurant include: 22˚North, Cali-Mex, Coyote Mexican Cantina, Ebeneezer’s, Figos, First Korean Restaurant, Shanghai Breeze, Hemingways, iL Bel Paese, Island Cafe, Koh Tomyums, McSorley’s Ale House, Mirch Masala, MooFish, Pascucci Italian Caffe & Fine Food, PizzaExpress, Solera Spanish Restaurant, Taste of Thai, Three Sheets Marquee Bar, Viet Bu Tong Kitchen & Bar and Zak’s

2 Dine ‘N Ride offer is valid only for dinner consumption (6pm to 11:30pm) from Monday to Friday, and for lunch / dinner consumption (12 noon to 11:30pm) on Saturday, Sunday and public holidays. Customers should redeem and use the offer within the day of consumption. The “Dine ‘N Ride Service Counter” is located at the glass house near Discovery Bay Pier.


#DiscoveryBay

Zhuhai Port Completes the Acquisition of 11.96% Interest in Tian Lun Gas, Officially Becomes the Second Largest Shareholder

By
Laotian Times
-

Enters into Strategic Cooperation Agreement with Zhuhai Port to Explore In-depth Cooperation in the Field of New Energy

HONG KONG SAR – Media OutReach – 15 July 2021 – China Tian Lun Gas Holdings Limited (1600.HK) (“Tian Lun Gas” or the “Company“, together with its subsidiaries, the “Group“) announced that the Board of the Company was informed by Mr. Zhang Yingcen, the controlling shareholder of the Company, that the share purchase agreement with IFC Global Infrastructure Fund, LP and International Finance Corporation (“IFC“) and the share disposal agreement with Zhuhai Port Co., Ltd. (“Zhuhai Port“, SZSE stock code: 507.SZ) have been completed on 14 July 2021 and 15 July 2021 respectively. Immediately upon completion of the aforementioned transactions, IFC ceased to be a substantial shareholder and Zhuhai Port (Hong Kong) Development Co., Limited, a wholly-owned subsidiary of Zhuhai Port, became the second largest shareholder, holding 11.96% of the total issued shares capital of the Company.

Tian Lun Gas also entered into a 5-year strategic cooperation agreement (the “Strategic Cooperation Agreement“) with Zhuhai Port on 15 July 2021, both parties agreed to establish a long-term, stable, win-win and comprehensive strategic partnership, as well as to continuously deepen and explore the cooperation between both parties in the field of new energy. The Company utilizes its gas terminal market and service capabilities deployed nationwide, whereas Zhuhai Port utilizes its investment and technological advantages in the field of new energy, thus both parties will be able to share their resources, achieve co-development, and explore the construction of a new energy service system which combines both new energy technology, such as wind power and photovoltaics, and traditional gas services.

Pursuant to the Strategic Cooperation Agreement, the parties will cooperate in the following three aspects:

1. In order to grasp the strategic opportunities arising from the “double-carbon” target, both parties will, on the foundation of the Company’s original natural gas industries, combine Zhuhai Port’s layout in the field of new energy with the Company’s customer resource advantages across the country, jointly investigate the application scenarios and industrial cooperation opportunities of various types of new energy, and focus on exploring cooperating opportunities in areas such as photovoltaics, wind power, energy storage, hydrogen energy and carbon emission reduction.

2. Being the fastest growing segment in Zhuhai Port’s three major business segments, the key strategic directions of new energy industry are domains such as the development and operation of affordable photovoltaic power station, energy storage ancillary industries, and the utilization and development of hydrogen energy. The Company relies on the customer resources that have been accumulated in its urban gas business, and both parties will make full use of their respective resources. While deepening the depth of cooperation and communication among their respective quality business segments, both parties will actively explore the green hydrogen production in photovoltaic and wind power stations as well as its application scenario when combining with natural gas.

3. Both parties will combine the Company’s advantage as a pioneer of rural gasification, continue proceeding with rural revitalization, and explore the combined application of rooftop distributed photovoltaic development with natural gas. And by integrating with Zhuhai Port’s technological advantages in clean energy fields such as wind power, photovoltaic, and natural gas power generation, both parties will jointly carry out in-depth research in the areas such as rural distributed photovoltaic, distributed heat supply, and clean energy comprehensive application plans, so as to assist villages in building a multi-energy synergy and complementary efficient energy system, accelerating rural clean energy replacement, and thus improving the life quality of residents.

Zhuhai Port is a company listed on the SZSE (stock code: 507.SZ) and is principally engaged in port shipping logistics, new energy and advanced manufacturing. In recent years, Zhuhai Port has vigorously developed the new energy sector, including power energy, new energy industry and pipeline gas. Power energy is principally engaged in the investment, operation and service of photovoltaic, wind power, natural gas power, coal-fired power and other energy sources, and has controlling interests in seven wind power plants nationwide. The key strategic direction of its new energy sector is the development and operation of grid-parity photovoltaic power stations, energy storage ancillary industry, and hydrogen energy utilization and development etc. Relying on the concession rights for piped gas business in the western region of Zhuhai granted by the Zhuhai Municipal Government, it engages in the pipeline gas construction, operation and maintenance in the Hengqin New District of Zhuhai and the western urban areas of Zhuhai City.

About China Tian Lun Gas Holdings Limited (Stock Code: 1600.HK):

China Tian Lun Gas Holdings Limited is one of the early private enterprises engaged in urban gas business in China. The Group’s main business covers urban gas operation, long-haul transmission pipelines and industrial direct supply business, gas filling stations and LNG plant business. Tian Lun Gas was listed on the Main Board of the Hong Kong Stock Exchange on 10 November 2010. After 10 years of vigorous expansion, Tian Lun Gas has rapidly grown from a regional urban gas company rooted in Henan to one of the major gas operators and distributors with the most growth potential layout in important provinces across the country. Currently, Tian Lun Gas has 67 urban gas projects in 16 provinces in China. Tian Lun Gas was selected in the Shenzhen-Hong Kong Stock Connect (港股通), as well as selected as a constituent stock of the Hang Seng Index and included in MSCI in 2019.

#ChinaTianLunGas

Schneider Electric Introduces Imperatives for Data Centers of the Future and New IT Innovations

By
Laotian Times
-
  • Just released ‘Digital Economy and Climate Impact’ report predicts IT electricity demand to increase but emissions to remain stable, as the electricity system decarbonizes
  • Schneider Electric discusses key requirements for Data Centers of the Future with new innovations to empower businesses in today’s digital-first world and mitigate emission rises
  • New product portfolio offers holistic support to empower digital transformation from the new energy-efficient Galaxy VL UPS, redesigned Galaxy Lithium-ion battery solution, EcoStruxure™ Micro Data Center C-Series 43U and the EcoStruxure IT software updates that for sustainability and resiliency in data centers and edge IT

HONG KONG SAR – Media OutReach – 15 July 2021 – Schneider Electric, the leader in the digital transformation of energy management and automation, has released a research report to foster an understanding of how digitized and smart applications will be powered in the future. The report titled Digital Economy and Climate Impact predicts IT-sector related electricity demand is expected to increase by nearly 50% by 2030. Yet, as the electricity system decarbonizes, emissions would not increase by more than 26% by that time. To help mitigate this rise in emissions, the Schneider ElectricTM Sustainability Research Institute recommends continued efforts in achieving efficiencies on the IT and energy sides at both the component and system levels.

[From left] Steven Lee, Director, Secure Power, Schneider Electric Hong Kong and Joanne Ng, Product Marketing Manager, Schneider Electric Hong Kong, introduced the latest ‘Digital Economy and Climate Impact’ report, vision of Data Center of the Future, as well as the latest IT innovations ─ the new energy-efficient Galaxy VL UPS, redesigned Galaxy Lithium-ion battery solution, EcoStruxure™ Micro Data Center C-Series 43U and the EcoStruxure IT software updates.

The highly-efficient, compact 3-Phase Galaxy VL UPS offers up to 99% efficiency , yielding a full return on investment within two years (model dependent) for medium and large data centers and commercial and industrial facilities.

“The data center industry had already begun entering a new generation of data center management while COVID-19 accelerates the transformation. Businesses have to be future-ready and embrace technology innovations to march into the new era. Schneider Electric is advancing the industry forward by leveraging the power of connected infrastructure that meeting the demands for sustainability, efficiency, adaptability and resiliency, and pave the way to Data Center of the Future,” said Steven Lee, Director, Secure Power, Schneider Electric Hong Kong.

With the vision of Data Centers of the Future, Schneider Electric unveiled a series of new innovations to meet the needs of customers today and the evolving requirements of tomorrow. The new line-up includes the newest addition to the Galaxy family, the Galaxy VL 200-500 kW (400V/480V) 3-phase uninterruptible power supply (UPS), as well as the newly designed Galaxy Lithium-ion battery solution. The company has also expanded its EcoStruxure™ Micro Data Center C-Series with the launch of a new 43U offering which provides the greatest capacity in its commercial and office line of micro data centers solutions and enhanced the software of EcoStruxure IT to reduce complexity in managing hybrid data center and edge IT environments.

Shaping the Data Center of the Future

According to intelligence and advisory firm Arizton, the global data center market will reach US$174 billion by 2023. As digitization and new IoT technologies propel us towards a new, more integrated future, data continues to become more valuable. Schneider Electric believes that the Data Centers of the Future will require these four key pillars:

  • Sustainability – The Data Center of the Future will be required to integrate into and accommodate a company’s entire upstream and downstream supply chain sustainability data footprint. Beyond just tracking company-based emissions, Scope 3 emissions[1] (or supply chain-based emissions) will need to be monitored, captured, analyzed, benchmarked, and published.
  • Efficiency – Data center efficiencies, which often encompass only process and hardware performance efficiencies, will soon have to include human resource, capital expenditure (CapEx), and total cost of ownership (TCO) efficiencies. By equipping devices with intelligent sensors, and adding more digital services and remote monitoring capabilities, data centers will be able to drive more efficient human resources workflows, including faster alerting and more precise predictive diagnostics. This will result in reduced unplanned downtime.
  • Adaptivity – As businesses across the globe scramble to increase flexibility, navigate unorthodox working conditions, and work with unpredictable supply chains, a new mentality for remaining in business has emerged. Businesses are now striving to accelerate the delivery of goods and services, with remarkable speed and precision. As customers adapt to these new marketplace realities, so must their data center facilities. Much more flexible data center designs will emerge – allowing data center owners to pivot and quickly scale up or down as needed to handle the uncertain future.
  • Resiliency – By bringing in processes, programs, tools, and resources that both minimize exposure to hazards and associated risks and allow rapid response and recovery from unplanned events, data center owners will be in a much stronger position to control their destinies during times of crisis and uncertainty. Powerful AI-based monitoring tools offer new ways to remotely manage at-risk data center assets. For example, Schneider Electric’s EcoStruxure IT automatically collects critical infrastructure sensor values and submits that data to a centralized data lake in the cloud.

Latest innovations from Schneider Electric address the vision of Data Center of the Future, empowering the industry to meet sustainability goals while increasing resiliency of IT and data center infrastructure, thus enabling all to capture the opportunities in the new normal.

“Schneider Electric has been focused on sustainability for the past 15 years and was recently named the most sustainable corporation in the world. We have embraced the mindset that future innovation will deliver better efficiency across the broader connectivity landscape,” explains Pankaj Sharma, EVP, Secure Power, Schneider Electric. “By making smart intentional choices, our industry can help mitigate how much electricity and emissions result from the rising appetite for digital technologies.”

Most Compact 3-Phase UPS in its Class: Galaxy VL and Redesigned Galaxy Lithium-ion Battery Solution

The highly efficient, compact 3-Phase UPS offers up to 99% efficiency in ECOnversion™ mode,yielding a full return on investment within two years[2] (model dependent) for medium and large data centers and commercial and industrial facilities.

With data center floor space at a premium, the compact design of the Galaxy VL is half the size of the industry average[3] at 0.8 m2. Its modular and scalable architecture enables data center professionals to scale power incrementally, from 200 kW to 500 kW with 50 kW power modules, providing roomto grow as their business demands.

With the pioneering feature Live Swap, the process of adding or replacing power modules is made touch-safe, even while the UPS is online and fully operational. This offers enhanced business continuity and removes the need for unscheduled downtime. Additionally, Live Swap’s touch safe design offers increased protection for employees who no longer have to transfer the UPS to maintenance bypass or battery operation during the insertion or removal of power modules.

The redesigned Galaxy Lithium-ion battery provides a sustainable, high-density and innovative energy storage solution for data centers, industrial processes, and critical infrastructure. The exclusive cabinets are compatible across the full Galaxy V Series.

A Green PremiumTM offer, the battery solution meets the international energy storage system standard UL9540A, reducing battery footprint and weight by up to 70%[4] while allowing more effective use of space. The new cabinets enable two to three times faster recharge than VRLA solutions as well as faster installation and enhanced system availability with patented redundant self-powered internal power supplies.

EcoStruxure Micro Data Center C-Series 43U with Intelligent Cooling Technology

Featuring intelligent cooling technology for enhanced protection and energy efficiency, the new 43U C-Series is the only solution on the market that automatically switches between three cooling modes depending on the real-time needs of the system.

Helping customers deploy IT simply, securely, and reliably in any edge computing or commercial environment, the new solution is Schneider Electric’s largest, fully equipped model. It eliminates the need for a purpose-built IT room, saving up to 48% on CapEx in 20% less time. In addition, users can save up to 40% in field engineering costs and reduce maintenance costs by 7%.

The new 43U C-Series offers a complete edge management solution that can be remotely monitored with EcoStruxure IT Software and Digital Services. Schneider Electric’s portfolio of software and digital services provides the power and flexibility for customers to seamlessly manage critical infrastructure devices on their own, with a partner, or with the assistance of Schneider Electric’s expert service engineers.

Latest Software Enhancement of EcoStruxure IT

Increasing demands on digital consumption, create a more complex hybrid environment containing enterprise, cloud and edge data centers. To address the unique management challenges of a hybrid IT environment, Schneider Electric has announced updates to its EcoStruxure IT software for enhanced efficiency and resiliency, including:

  • Increased remote management capabilities: New granular remote device configuration features enable users to change configurations on one or more devices – including the new Galaxy VL – from one centralized platform with EcoStruxure IT Expert. This update, combined with previously released software insights on device security health, enables the user to identify faulty devices or configurations and address them in a matter of clicks, keeping their hybrid IT environment secure.
  • Enhanced environmental monitoring: Environmental monitoring systems ensure users to monitor data center and IT deployments from anywhere, anytime. Users can push mass configurations remotely for NetBotz cameras750 and 755 quickly and efficiently increasing security across the critical infrastructure.
  • Enhanced remote capacity for modeling and planning: With EcoStruxure IT Advisor’s new capabilities, users can remotely compare an unlimited number of racks and easily identify available capacity, view what assets are deployed and their dependencies.

[1] Corporate Value Chain (Scope 3) Accounting and Reporting Standard, Greenhouse Gas Protocol

[2] Based on a market electricity price: €0.11/kWh (Approximately HK$1.01/ kWh). The annual electricity savings are done in comparison with a 94% efficiency standard UPS.

[3] SE calculation based on available market product information. See Galaxy VL brochure for details.

[4] When compared to traditional lead-acid (VRLA) batteries.

Appendix – Product Information of Galaxy VL 3-Phase UPS and EcoStruxure Micro Data Center C-Series 43U

Galaxy VL 3-Phase UPS

The newest addition to the Galaxy family is a Green Premium product that delivers top performance, supports sustainability objectives, and fills a previous gap in the market for the midrange power segment.

Key Benefits:

  • Maximize space to enable future growth: Galaxy VL is the most compact in its class, 50% more compact than the industry average at 0.8 m2, freeing up valuable data center real estate and IT space. Additionally, Galaxy Lithium-ion Battery Cabinets deliver total space savings of up to 70% compared with VRLA battery solutions.[1]
  • Save money: Galaxy VL’s modular, scalable platform enables you to pay-as-you-grow, reducing CapEx investment, operating costs, energy consumption, and TCO. Scale power instantly in 50 kW increments from 200 to 500 kW with no extra footprint.
  • Reach sustainability goals: Up to 99% efficient in ECOnversion mode for a full return on investment within two years in energy savings (approximately 240,663 HKD[2] annual electricity savings).[3] A Schneider Electric Green Premium product, it includes the option for long-lasting Lithium-ion batteries.
  • Maximize availability: Critical system components built as modules that are Live Swap for fault tolerance and short mean time to repair.
  • Increased Reliability through EcoStruxure: By connecting Galaxy VL to EcoStruxure—Schneider Electric’s open, interoperable, IoT-enabled system architecture and platform—data center operators can benefit from EcoStruxure IT software and services. These EcoStruxure offerings enable customers to monitor, manage, and model their IT infrastructure and get service support 24/7 anywhere, anytime.

Related resources:

EcoStruxure Micro Data Center C-Series 43U

The new 43U C-Series offers a complete edge management solution that can be remotely monitored with EcoStruxure IT Software and Digital Services. Schneider Electric’s portfolio of software and digital services provides the power and flexibility for customers to seamlessly manage critical infrastructure devices on their own, with a partner, or to leverage Schneider Electric’s expert service engineers to manage it on their behalf.

Key Benefits:

  • Energy Efficient Cooling Technology: Switches automatically between three cooling modes – active, eco, and emergency – based on real-time needs of the system for enhanced energy efficiency and added protection against static buildup and overheating.
  • More space: Offers the greatest capacity within our Commercial (C-Series) EcoStruxure Micro Data Center line – up to 36U useable space.
  • Suitable for indoor, commercial environments: Withstands the challenges of dust, power fluctuations, moderate temperature changes, and unsecure locations that are not purpose-built for sensitive IT equipment.

Related resources:

[1] SE calculation based on available market product information. See Galaxy VL brochure for details.

[2] Exchange rate as of 14 Jul 2021: 1 EUR = 9.16 HKD

[3] Based on a market electricity price: €0.11/kWh (Approximately HK$1.01/ kWh). The annual electricity savings are done in comparison with a 94% efficiency standard UPS.

About EcoStruxure

EcoStruxure is our open, interoperable, IoT-enabled system architecture and platform. EcoStruxure delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity for our customers.

EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver Innovation at Every Level. This includes Connected Products, Edge Control, and Apps, Analytics & Services which are supported by Customer Lifecycle Software. EcoStruxure has been deployed in almost 500,000 sites with the support of 20,000+ developers, 650,000 service providers and partners, 3,000 utilities and connects over 2 million assets under management. From energy and sustainability consulting to optimizing the life cycle of your operational systems, we have world-wide services to meet your business needs. As a customer-centric organization, Schneider Electric is your trusted advisor to help increase asset reliability, improve total cost of ownership and drive your enterprise’s digital transformation towards sustainability, efficiency and safety.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com/hk

Discover Life Is On

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Hashtags: #EcoStruxure #LifeIsOn #IoT #datacenter

Crypto Derivatives Leader Bybit Enters Spot Trading

By
Laotian Times
-

SINGAPORE – Media OutReach – 15 July 2021 – Bybit, hitherto the world’s largest derivatives-only cryptocurrency exchange, has announced its expansion into the crypto spot trading market.

Bybit Makes Audacious Stride Into Spotlight

Bybit’s new spot trading platform opens to all on July 15 at 6AM UTC, and comes with zero maker fees. Upon launch, BTCUSDT, ETHUSDT, XRPUSDT and EOSUSDT will be supported. More trading pairs will follow shortly.

A spot trade allows traders to buy and sell the crypto asset “on the spot” and at the current market rate once an order is filled. In the spot market, ownerships of crypto assets are transferred directly between buyers and sellers. Crypto spot is not only a foundational starting point for new market entrants, but a complementary vector for derivatives traders engaging in hedging strategies.

Bringing World Class Liquidity and Reliability to Spot Trading

Bybit has proven itself to be the most reliable, stable and usable exchange of the bull run. Unique among major exchanges, Bybit experienced no overload nor downtime throughout.

Liquidity is arguably the be-all and end-all attribute for asset exchanges. Bybit’s derivatives trading platform has the world’s best liquidity and tightest spread. Traders are ensured the best quote and best execution in the market even during extreme volatility.

Bybit’s retail focused products and customer support focused services will help lower the entry threshold to crypto trading to a whole host of new customers around the world, allowing them to seamlessly enjoy the immediate delivery of crypto trades.

“It has been Bybit’s utmost privilege to have enjoyed the ardent support of our community and partners as we continue to grow and improve,” said Ben Zhou, co-founder and CEO of Bybit. “We are excited to bring with us to spot trading the world class liquidity and reliability derivatives clients have come to associate with Bybit.”

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multi-lingual community support. The company provides innovative online trading services and cloud mining products, as well as API support, to retail and professional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class.

For more information please visit: https://www.bybit.com/

For updates, follow Bybit’s social platforms on Twitter and Telegram.

#Bybit

ACT Genomics Hong Kong Laboratory Earns CAP Accreditation NGS Testing and R&D Capacity Strengthened

By
Laotian Times
-

HONG KONG SAR – Media OutReach – 15 July 2021 – ACT Genomics Holdings Co. Ltd. (“ACT Genomics” or “the Group“) announced today that its NGS testing-focused operation and laboratory at the Hong Kong Science Park has been accredited by the Accreditation Committee of the College of American Pathologists (CAP). With two already CAP accredited laboratories in Taipei and Kanagawa, Japan, and now the latest addition, the Group has notably strengthened NGS testing services and R&D capacity.

The CAP accredited ACT Genomics HK Laboratory, which started operation at the Hong Kong Science Park in July, 2019, made it through stringent CAP tests in the accreditation process. And, external quality assurance tests will be conducted twice a year hereafter to ensure the laboratory meets required standards at all times.

The laboratory has a dual NGS testing platform from Illumina and Thermo Fisher. Spanning 3,500 square feet, it is run by a team of eight qualified laboratory technicians, including one PhD, three with master’s degree, and four registered Medical Laboratory Technologists. The newly accredited laboratory can play a major supportive role in the region.

Apart from boosting the capacity of the Group for providing services and support, the three laboratories will continue to pursue research projects, helping develop new products to enrich the Group’s product portfolio and enable it to seize other business opportunities.

According to the facility’s Director Alfa Bai, PhD (Dr. rer. nat.), the accreditation is substantive, in the 18-month accreditation process, on top of on-site visit to the laboratory, CAP also assigned tests to the team – altogether 20 external quality assurance reference samples and over a thousand achieved research samples for testing at the laboratory – to confirm the accuracy and consistency of its work.

Bai says the CAP accreditation process is more stringent than the others of its kind, requiring not only very high management standard, but also meticulous technical and operational details. Though there had been a delay because of the Covid-19 pandemic, the accreditation came within two years the laboratory opened. In the past, samples of Hong Kong patients were sent to the Taipei laboratory for testing, and now the results could be known sooner. The Taipei laboratory will have a lighter load and for the Group, it will have a bigger capacity to serve cancer patients in the region.

Hua Chien Chen, PhD, Chief Executive Officer of ACT Genomics Holdings Co. Ltd. says, “Our laboratory in Hong Kong is fully functional for NGS testing. Although it is not required by law to obtain international accreditation to conduct clinical tests for patients, ACT Genomics is determined to seek the CAP recognition that it may ensure the laboratory maintains the highest professional standards. With our three laboratories in full-swing, we can serve more patients and are well-backed up in delivering professional and timely services. We will also be able to collect more cancer-related data of Asians to add to the data we have collected over the years, to the benefit of R&D of cancer treatment.”

The CAP Laboratory Accreditation Program, recognized by the U.S. federal government, was launched in the early 1960s, as being equal-to or more-stringent-than government inspection programs.

The CAP accreditation process is designed to ensure a laboratory affords the highest standard of care for all patients it serves. Inspectors from CAP examine a laboratory’s records and quality control of procedures in the preceding two years, and laboratory staff qualifications, equipment, facilities, safety program and record, and overall management audits are carried out on an ongoing basis.

For the photo of ACT Genomics Hong Kong Laboratory Earns CAP Accreditation, please refer to the link: https://bit.ly/3xH2xDL

About ACT Genomics Holdings Co. Ltd.

ACT Genomics® is an innovation-driven cancer solution provider in Asia with offices in Taipei, Hong Kong, Singapore and Tokyo. After setting up our laboratories in Taiwan and Japan, we opened our third laboratory in Asia at Hong Kong Science Park in July 2019. With our Next-Generation Sequencing (NGS) technology, CAP-accredited laboratories, experienced bioinformatics team and proprietary AI algorithms, we provide optimal cancer treatment planning, immunotherapy evaluation, cancer relapse & drug resistance monitoring, as well as cancer risk assessment services to medical professionals.

Our team is specialized in biomarker identification, underlying disease mechanism discovery and genetic alteration exploration. Pharmaceutical communities are also able to benefit from our expertise in identifying targets for drug development, stratifying patients for clinical studies, and delineating drug responses with efficiency and efficacy. We also participate in various international precision medicine biomarker programs, such as the TMB and HRD Harmonization Programs led by FOCR in the United States. Together, we “Turn Genomics into Action”.

#ACTGenomics

April Super-spreader “Tyna” Receives Court Sentence in Laos

By
Laotian Times
-
Tyna Monemina and Phavady Viphakone receive court sentence
Tyna Monemina, Phavady Viphakone, and others receive a court sentence.

The Vientiane Capital People’s Court has sentenced Ms. Monemina “Tyna”, known as Case 59, to three years in prison for her role in the super-spreader event that lead to the second wave of Covid-19 in Laos.

Continue

Easybook.com completes USD5M Series-C Fundraise led by Emissary Capital

By
Laotian Times
-

KUALA LUMPUR, MALAYSIA – Media OutReach – 15 July 2021 – Easybook.com (Easybook) – Southeast Asia’s leading long-range mobility software provider has just completed a Series-C funding round led by investment firm Emissary Capital (Emissary). The round equaling a total of USD5M features a combination of both new and vendor shares, and will be utilized to bolster Easybook’s already significant presence across the region.

Easybook.com is Southeast Asia’s leading long-range mobility software provider. The business provides ticketing and route management software solutions to bus, train and ferry operators across the region. Operating in Malaysia, Singapore, Indonesia, Vietnam, Myanmar, Cambodia, Laos and Brunei. Easybook currently manages a staggering USD1.6B worth of regional long-range travel inventory in an industry estimated to be worth north of USD11B a year, giving the business a strong market presence and significant room for growth.

The new capital will be utilized to expand the company’s inventory as well as drive revenue through additional monetization strategies. The business will continue its efforts to add to its suite of software solutions including additional functionality in the bus/ferry terminal management space. Easybook will also be making key structural changes to the business by moving its HQ to Malaysia to drive more operational efficiency.

Key pillar to the region’s economy

Long-range travel is a key pillar to the region’s economy. Far too often investors’ attention is focused on air-travel, but for the vast bulk of people, air-travel comes second to buses, trains and ferries. This is especially true for archipelago nations like Indonesia and the Philippines with still developing airport infrastructure. Land and sea travel are industries that have been built on small- to mid-sized operators that don’t have the scale to develop highly integrated software themselves. Easybook is the clear solution for these operators, providing them with an advanced suite of functions. Of the regions estimated 5,000 route operators, the company already services over 1,200 of them. Through these efforts Easybook is focused on digitizing an industry that is the sleeping giant of the region, bringing efficiency to the grassroots of how people travel across Southeast Asia.

Managing Director of Easybook, William Lee said: “We are very happy with the completion of this funding round. The capital from this investment will go a long way in expanding our presence and growing our inventory. This will be key as we line up for an IPO in the coming years. Having a partner like Emissary that brings operational value to the table is what attracted us to the deal. Many investors talk about adding value but there is little substance behind those words. With the Emissary team we felt that was different, they have already begun adding a number of high profile people to the management team”

Erman Akinci – Managing Partner at Emissary stated, “We are very excited about this investment. We have been impressed with what William and the Easybook team have done over the past several years. They have secured what we feel is one of the region’s most valuable travel assets. This deal allows us to get in on an amazing business that has been unfairly affected by COVID-19 and is expected to rebound swiftly as travel restrictions are lifted through 2021 and 2022.”

Easybook plans to utilise the USD5M raised to drive more growth into the business. This will be done by expanding its inventory and developing monetization strategies for the assets that it currently controls. This will be done to move the company towards an IPO in the next 24 to 36 months.

Emissary Capital

Emissary Capital is a Malaysia-based boutique investment firm focusing on ASEAN growth companies. The team is made up of current and ex-founders that have built sizable businesses across Southeast Asia. The firm utilizes an active-management strategy with a key focus on operational value adding. The firm was launched in late 2020 and currently has 200M in AUM.

For more information, visit emissarycapital.com


Easybook.com

Easybook.com is Southeast Asia’s leading long-range mobility software provider. The business provides ticketing and route management solutions to mobility operators across the region. Servicing over 1,200 clients and managing USD1.6B worth of travel inventory, Easybook is Southeast Asia’s grassroots mobility solutions provider.

For more information, visit easybook.com



#longrangemobilitysoftwareprovider #softwareprovider #ticketingandroutemanagement #managementsoftwaresolutions #softwaresolutions #transportationoperators #transportation #newcapital #SoutheastAsia #VentureCapitalFund #growthstagefund #SeriesC #Fundraise #boutique #investmentfirm

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