Home Blog Page 6104

Bybit Adds ADA, DOT and UNI to Its USDT Margined Offerings

SINGAPORE – Media OutReach – 18 March 2021 – Cryptocurrency derivatives exchange Bybit has announced today the arrival of three new USDT trading pairs with Cardano’s ADA, Polkadot’s DOT and Uniswap’s UNI.

The introduction of these new trading pairs is the second expansion of Bybit’s markets in as many weeks, following the arrival of BTCUSD0625 futures contract on March 11. ADA/USDT, DOT/USDT and UNI/USDT join the existing linear perpetual trading pairs of BTC/USDT, ETH/USDT, LINK/USDT, LTC/USDT, XTZ/USDT and BCH/USDT, as well as Bybit’s inverse perpetual and futures markets.

Traders will be able to select between 1-25x leverage on these new contracts. USDT-margined linear contracts allow traders to use the stablecoin Tether (USDT) as collateral, so they can profit from the volatility while limiting their exposure to falling prices.

“We are delighted to be able to bring these highly demanded coins to our trading platform and offer our customers even more choices,” said Ben Zhou, co-founder and CEO of Bybit. “Bybit is well known for our outstanding liquidity. We have done extensive research and preparation to make sure that the markets of these new trading pairs will be no exception.”

About Bybit

Bybit is a derivatives cryptocurrency trading platform established in March 2018. The company provides online trading services to international individual retail clients as well as professional traders.

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

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

Viet Nam National University Ho Chi Minh City aims at becoming nucleus of Ho Chi Minh City’s innovative eastern urban area

HO CHI MINH CITY, VIETNAM – Media OutReach – 18 March 2021 – The HCM City People’s Committee has recognised the Việt Nam National University Ho Chi Minh City (VNUHCM) as a hub of science, technology, culture, and knowledge in the city’s innovative eastern area.

The area has contributed to the establishment of a value-added chain for a high-technology platform and international standard technical infrastructure.

City leaders are expecting the eastern innovative urban area to help connect science-technology research and application centres, high-quality human resource training institutions, hi-tech products, services trading and production centres.

The area will become a hub that spearheads economic development in the city and southern region in the context of industry 4.0.

Innovative center

Spread over 643 ha, VNUHCM has been developed as a centre to train undergraduates and postgraduates and carry on high-quality research in many fields to serve the country’s socio-economic development needs.

It is the largest higher education establishment in the country with 36 institutions for training, researching and transferring technologies, including seven member universities: the University of Technology, University of Science, University of Social Sciences and Humanities, International University, University of Information Technology, University of Economics and Law, and An Giang University, and the Institute for Environment and Resources.

In addition, in the 2016 – 2020 period, VNUHCM has trained more than 60,000 engineers, doctors, graduates, postgraduates, and PhDs who are certain to contribute to the development of the city and southern region.

As of now it has had 66 internationally accredited training programmes and was ranked in the top 701-750 in the 2020 QS World University Rankings. In this period, it presented more than 20,000 scientific research papers at conferences and published them in local and international journals. VNUHCM signed more than 3,000 contracts with provinces and enterprises for technology transfer worth nearly VNĐ 250 billion (US$10.8 million) a year in the 2016-2020 period.

A household aquaponic model that integrates vegetable and fish farming has, for instance, been transferred to Tây Ninh and Đồng Tháp provinces.

Furthermore, cartilatist stem medicine has been developed by the Stem Cell Institute at the University of Science to treat osteoarthritis and degenerative spinal conditions. Subsequently, it has been transferred to the Vạn Hạnh General Hospital Co. Ltd. An automatic system to monitor and warn about saltwater intrusion has been transferred to the provinces of An Giang and Vĩnh Long.

During COVID-19 outbreaks last year, VNUHCM researchers developed a number of products used for the prevention and control of epidemics.

The number of papers VNUHCM published in international journals doubled in the 2016-2020 period from the previous five years.

As of October 2020, it had filed 527 applications for patents and 566 technology transfer contracts and scientific services that fetched revenues of VNĐ104.2 billion (US$4,5 million).

In The World University Rankings 2021 of 1,527 universities, VNUHCM was in 658th spot in the category of income from technology transfer and 838th in international potential.

One of VNUHCM’s strategies is to continue focusing on scientific and technological development and innovation to help implement national and southern region development strategies and to raise its international profile.

In 2020-2030 period, it plans to offer international-standard training programmes in ICT, AI and urban management. AI applications for use in traffic regulation, healthcare, finance, and commerce will be developed during this period.

VNUHCM is one of the higher education establishments in the country offering students training programs in two majors simultaneously. It has tied up with a number of member universities of the ASEAN University Network-the ASEAN Credit Transfer System for exchange students and also has agreements with universities in the US, the UK, France, Australia, and other countries.

In the last 25 years VNUHCM has adopted modern methodologies and integrated technologies for training.

In November in last year VNUHCM signed an agreement with the Saigon Hi-Tech Park for technology transfer to enterprises in the park for commercialisation.

They will join hands for an action plan to establish the innovative eastern urban area, a high-quality human resource training programme at hi-tech industries and an innovative start-up ecosystem.

VNUHCM’s Innovative Entrepreneurship Center has carried out many programmes to assist start-ups and links these start-ups with investors and service providers.

Assoc. Prof. Dr. Vũ Hải Quân, VNUHCM’s chancellor, said skilled human resources, technology transfer, advanced IT, and policies for development are key pillars for setting up the innovative eastern urban area. The project is implemented in Thủ Đức City and spreads over nearly 21,000 hectares.

Moreover, the innovative eastern area has invested in traffic systems including the metro line 1, Belt Road No.3 and the HCM City-Long Thành-Dầu Giây expressway, which helps connect with neighbouring provinces.

In January, the city People’s Committee approved the master plan to develop the innovative eastern urban area in the 2020-2035 period and it will be carried out in three specific stages.

According to VNUHCM, while carrying out the work, city authorities and relevant agencies should pay close attention to developing traffic infrastructure in the innovative eastern urban area especially VNUHCM and Saigon Hi-Tech Park to create the most favourable conditions for interaction and development.

VNUHCM aims to become the nucleus of the area by 2030.

With Spot Wave, NetApp Helps Organisations Drive Down Infrastructure Cost and Complexity for Big Data Applications on Kubernetes

Spot Wave allows organisations to focus on developing data applications, by providing a serverless infrastructure for running Apache Spark applications on Kubernetes

 

SINGAPORE – Media OutReach – 18 March 2021 – Global cloud-led, data-centric software company, NetApp (NASDAQ: NTAP), today announced the launch of Spot Wave by NetApp, and Spot Ocean’s support of Microsoft Azure Kubernetes Service. Together, these products provide customers with leading solutions for simple, scalable, and efficient infrastructure for cloud-native applications.

Wave automates the provisioning, deployment, autoscaling and optimisation for running Apache Spark big data applications on Kubernetes in the cloud and helps to reduce cloud waste and costs by up to 90 percent. Using Wave as a turnkey product, organisations can deploy Spark environments faster and more easily, and focus on putting their data to work knowing that Wave is ensuring their infrastructure is continuously optimised for availability, performance, and cost.

Wave is built on Spot’s AI-based engine, using the same proven technology as Spot Ocean. Wave provides:

  • Cost optimisation: Wave runs Spark jobs on containerised infrastructure using an intelligent mix of spot, on-demand, and reserved instances, affording customers up to 90 percent cost savings on cloud infrastructure.
  • Serverless infrastructure and Spark-aware autoscaling: Built-in autoscaling matches the right type and size of compute instances to Spark jobs based on workload requirements to maximise performance and efficiency.
  • Spark job right-sizing and monitoring: Continuously tune Spark configuration for jobs based on analysis of actual Spark job requirements.

“Organisations are rapidly adopting Kubernetes to deliver cloud-native applications with greater speed and agility, not only for stateless services but also for big data applications,” said Amiram Shachar, vice president and general manager of Spot by NetApp. “The necessity for organisations to balance cloud infrastructure cost, performance and availability for optimal efficiency is complex and time-consuming. Spot Wave and Ocean are solving that problem by providing a serverless experience for Spark and ensuring their infrastructure is continuously optimised.”

NetApp also announced that Ocean, Spot’s serverless container engine and the foundation of Spot Wave, now supports Microsoft Azure Kubernetes Service (AKS), adding to its support for AWS ECS (Elastic Container Service) and EKS (Elastic Kubernetes Service), and Google’s GKE (Google Kubernetes Engine).

“Wave builds on the capabilities that we love in Ocean, focusing on the specific needs of big data applications,” said Gal Aviv, chief technology officer at Fyber. “It will be very powerful to be able to plug Spark applications into Wave. The solution also has the amazing value of executing jobs with existing tools and potentially spin up the right infrastructure to power intensive ML applications.”

NetApp and Spot by NetApp have deep histories of involvement and experience in Kubernetes and the Kubernetes community. With ongoing investments in NetApp and Spot by NetApp products for Kubernetes, NetApp provides the leading solutions and capabilities for application-driven infrastructure and data management needed by companies to run critical cloud-native applications.

More information on Spot Wave is available online at https://spot.io/products/wave.

About NetApp

NetApp is a global cloud-led, data-centric software company that empowers organisations to lead with data in the age of accelerated digital transformation. The company provides systems, software, and cloud services that enable them to run their applications optimally from data centre to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. With solutions that perform across diverse environments, NetApp helps organisations build their own data fabric and securely deliver the right data, services, and applications to the right people – anytime, anywhere. Learn more at www.netapp.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.


NETAPP, the NETAPP logo, and the marks listed at http://www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

Chairman Chen Zhi Donates US$3M to Fight Covid-19, Leading the Way for Anti-Pandemic Initiatives Across Prince Group in Cambodia

Prince Real Estate provides daily essentials to 804 underprivileged families of Chamkarmon District affected by February 20 community outbreak

 

Phnom Penh, Cambodia – Media OutReach – 18 March 2021 – Prince Holding Group (“Prince Group”), one of Cambodia’s largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi have answered the call for assistance from the Cambodian Government to combat the February 20, 2021 Covid-19 outbreak by announcing plans to donate US$3 million to anti-pandemic efforts in the Kingdom. This is on the back of an initial US$3 million donated by Chen Zhi last December to help Cambodia purchase COVID-19 vaccines.

Furthermore, following in the footsteps of Prince Group and Chen Zhi, Prince Real Estate, a member of Prince Group, has distributed vital food supplies to 804 families in need and 234 members of the police force in Chamkarmon District, Phnom Penh, Cambodia affected by the February 20, 2021 Covid-19 outbreak.

While the Cambodian government has offered unprecedented support — accounting for 5% of GDP so far — totalling $1.16 billion[1], Prince Group is aware that private enterprises need to play a crucial role in the post-pandemic recovery as well.

The latest donation forms part of a holistic environment, social and governance (ESG) strategy for member companies outlined by Prince Group. As a key part of this strategy, Chen Zhi‘s donation of US$3 million will assist the Cambodian Government to reach its target of vaccinating at least 80% of the population or nearly 13 million people, affirming the Group’s commitment to social responsibilities in Cambodia. In addition, Prince Real Estate has donated a total of 16,080 kilograms of rice, 804 boxes of noodles, 804 cartons of fish sauce and 804 cartons of soy sauce to households, along with 500 cartons of purified water and 200 cartons of soft drinks for 234 police officers who have been working tirelessly across 33 locations in Chamkarmon District, an area that has been badly hit by an outbreak of Covid-19 infections near the headquarters of Prince Group.

“As a Group striving to improve the lives of local communities in Cambodia, it is our civic duty to partner with District Governor Theng So Thol and the Chamkarmon District Government. The community outbreak has affected the lives of many people in the district, and we believe that prompt and decisive action will make a key difference in ensuring a robust recovery for communities,” said Mr. Steven Wang, Chief Executive Officer of Prince Real Estate.

This initiative is just one of many that Prince Group has organized in an effective and fast-tracked manner in the last two years.

Last month, Prince Charitable Foundation, the charitable arm of Prince Group, distributed care packages to 500 families living at Ong village in Prey Nob district, Cambodia situated near the site of the Ream City project, a US$16 billion, 843-hectare project being developed on reclaimed land near the Sihanoukville International Airport. The Ream City project is set to transform the region, but Prince Group remains mindful of the local communities, with consultations held with local leaders to understand their communities’ future needs.

Prince Group will continue to support Cambodians, delivering essential materials to people in need, carrying out key community initiatives and working with socially responsible partners across the Kingdom, with a view towards empowering local communities.


[1] “How Cambodia is rebuilding its economy for the post-pandemic future”, Logistics of Things, DHL, March 8, 2021

About Prince Real Estate:

Prince Real Estate is one of the top developers in Cambodia. Founded in 2015, Prince Real Estate has completed numerous projects in Phnom Penh and Sihanoukville. It has contributed to the rapid transformation of urban Phnom Penh in recent years with real estate projects spanning across 1 million square meters.

About Prince Holding Group:

Prince Holding Group is one of the largest conglomerates in Cambodia, with its various units focusing on three core areas: real estate development, financial services and consumer services.

Prince Holding Group’s key business units in Cambodia include Prince Real Estate Group, Prince Huan Yu Real Estate Group, Prince Bank, Cambodia Airways, as well as Awesome Global Investment Group. Via its subsidiaries, Prince Holding Group has over 80 businesses in Cambodia operating in real estate development, banking, finance, aviation, tourism, logistics, technology, food and beverages, and lifestyle sectors etc.

Rising foreign direct investment, free trade agreements with leading countries and future participation in the Regional Comprehensive Economic Partnership are expected to act as key drivers for the Cambodian economy, supported by pro-industry policy initiatives by the government.

Leveraging a network of industrial, business and financial professionals across Asia, Prince Holding Group has laid the foundation to be a vital conduit for local and international capital. Moving forward, Prince Holding Group will continue to seek out opportunities to play an important role in Cambodia, through partnerships or direct investments into key industries for the betterment of Cambodians and the local economy.

Eliminate Hesitations: Security Simplified for Those Building In The Cloud

Trend Micro is one of the first security SaaS providers to offer flexible platform of cloud security services under single listing in AWS Marketplace, enabling self-service protection

 

HONG KONG SAR – Media OutReach – 18 March 2021 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), the leader in cloud security, today announced the AWS Marketplace debut of its answer to the needs of organizations building in the cloud on Amazon Web Services (AWS). A comprehensive platform, referred to as Trend Micro Cloud One, designed to protect across leading cloud-based environments with services designed for applications, network, workloads, file storage, containers and cloud security posture management.

“We applaud Trend Micro for building security services suited for buyers who innovate on AWS and participate in the shared responsibility model,” said Kamlesh Talreja, General Manager, AWS Marketplace, AWS. “AWS Marketplace is the first cloud marketplace to offer Trend Micro Cloud One, enabling developers to access the flexible pricing, customizable contracts, and rapid deployment they need.”

According to Gartner[1], “Enterprises are increasingly implementing hybrid data center architectures, with workloads spanning on-premises and public cloud IaaS providers and, increasingly, container-based implementations leveraging serverless functions. However, elastic, cloud-native-style applications have unique security requirements that are quite different from end-user-facing systems. To securely embrace the opportunities of public cloud and to support the speed and dynamism of cloud environments, workload protection solutions designed to meet these requirements should be used.”

Many companies today have at least some presence in the cloud, including moving towards containers and serverless deployments.

“AWS and Trend Micro got this seamless integration right. We can now focus on innovating while having confidence that Cloud One’s security is provisioned automatically with an audit trail for each instance of malware and vulnerability detection and integrity monitoring. Cloud One gives us the breadth and depth of services and the flexibility to switch on the functionality we need, when we need it,” said MJ DiBerardino, CEO, Cloudnexa.

Trend Micro mirrors the self-service, pay-as-you-go procurement model offered by AWS. This simplifies everything related to cloud builds from volume negotiation to API integrations. Customers have the investment benefit of security flexibility as application designs evolve over time with the assurance not to overburden the organization’s security teams.

“AWS Marketplace makes it easy for users to get the right tools for the job at hand. This new listing allows users to easily get the security tools they need for the applications they are building in the cloud,” said Trend Micro COO, Kevin Simzer. “Regardless of an organization’s structure or existing cloud footprint, our cloud services simplify the protection of everything being built in the cloud, while ensuring necessary regulatory compliance.”

Future-proofing a business investment is a key decision that will benefit security teams, developers and procurement teams alike. As digital transformation continues, this procurement motion provides the flexibility to use as much of each service as needed, whenever it is needed, without managing multiple subscriptions. This is the true platform procurement experience.


[1] Gartner – Hype Cycle for Cloud Security, 2020

About Trend Micro

Trend Micro, a global leader in cybersecurity, helps make the world safe for exchanging digital information. Leveraging over 30 years of security expertise, global threat research, and continuous innovation, Trend Micro enables resilience for businesses, governments, and consumers with connected solutions across cloud workloads, endpoints, email, IIoT, and networks. Our XGen™ security strategy powers our solutions with a cross-generational blend of threat-defense techniques that are optimized for key environments and leverage shared threat intelligence for better, faster protection. With over 6,700 employees in 65 countries, and the world’s most advanced global threat research and intelligence, Trend Micro enables organizations to secure their connected world. www.trendmicro.com.hk

China Lilang Announces 2020 Annual Results

Revenue at RMB2,681 Million Net Profit at RMB557 Million Total Dividend for the Year at HK44 Cents Per Share

 

HONG KONG SAR – Media OutReach – 18 March 2021 – China Lilang Limited (“China Lilang” or the “Company”, together with its subsidiaries, known as the “Group”; stock code: 1234) today announced its 2020 annual results.

Results highlights

  • Revenue at RMB2,681 million
  • Net profit amounted to RMB557 million
  • Earnings per share were RMB46.53 cents
  • Proposed a final dividend of HK19 cents per share and a special final dividend of HK8 cents per share, maintaining a relatively high payout ratio
  • New retail business developed rapidly, with online store sales up more than 1.2 times year-on-year

Mr. Wang Dong Xing, Chairman and Executive Director of China Lilang, said,

“In face of the complex and volatile retail market, China Lilang adopted flexible strategies and promoted the new retail business to give full play to complementary advantages of online and offline. The Group also strived to keep the channel healthy and decisively cancelled some of the spring and summer orders while strictly controlling pre-orders for the fall and winter collections. The total retail sales of LILANZ products resumed growth in the second half of the year, and total retail sales growth in the fourth quarter reached 10-15%, primarily benefiting from the nationwide cold weather. Both the inventory level and its ageing have improved. During the year, the Group launched a number of brand promotional campaigns, which won multiple awards from the advertising industry, further enhancing LILANZ’s brand awareness and reputation.

For the year ended 31 December 2020, revenue of the Group decreased year-on-year by 26.7% to RMB2,681 million. The amount was after the provision of HK$390 million made for inventory buy-back in respect of the conversion of some of the core collection stores to consignment model starting spring and summer 2021. Profit from operations decreased by 33.5% to RMB651 million. Operating profit margin was down by 2.5 percentage points to 24.3%. Net profit was RMB557 million, down by 31.4%. Earnings per share declined 31.4% to RMB46.53 cents.

The Group maintained a healthy financial position with sufficient cash flows. The Board of Directors recommended payment of a final dividend of HK19 cents per share and a special final dividend of HK8 cents per share. Together with the interim dividends already paid, total dividend for the year amounted to HK44 cents, maintaining a relatively high payout ratio.

Combating the challenges the pandemic brought to its business, China Lilang speeded up the development of its new retail business during the year. By mounting different promotional and marketing activities online, the Group attracted more customer traffic to its online stores, as such, online store sales increased by more than 1.2 times year-on-year. In addition to online stores, the Group had set up stores on WeMall Mall for its smart casual collection and core collection, a move to promote its brand via the social media platform and also enlarge the virtual inventories of physical stores, resulting in higher sales efficiency per store and enabling more effective inventory control.

During the year, the Group actively enhanced management of its sales channels. After the conversion of the smart casual collection from consignment model to direct-retailing in the second half year of 2020, the inventory control of the collection has improved and inventory balance reduced. The Group also pragmatically optimized its retail network by closing underperforming stores and opening stores in carefully selected quality shopping malls to enhance the efficiency of stores. In addition, the Group encouraged distributors to open stores in outlet malls in the second half of the year as a recurring channel for inventory clearance. At the year end, LILANZ had a total of 2,761 retail stores, representing a net decrease of 54 stores. The number of stores in shopping malls was 807, accounting for 29% of the total store count and approximately 32% of total retail floor area.

As for brand management and promotion, the Group increased promotion activities during the year to showcase LILANZ’s young product positioning. In the fourth quarter, the Group engaged Han Han and Li Dan as brand ambassadors and carried out a series of promotional campaign featured by the brand-new duo, which attracted tremendous attention from the market and customers, and were included among the “2020 Top 15 Best Commented Cases” by the Advertising Gate APP. During the year, the Group launched LILANZ crossover products with China Daily, Chinese comic “Under One Person”, Japanese cartoon “Doraemon”, 80s US graffiti artist Jean Michel Basquiat and emerging artist Nick etc., respectively. The promotional campaign for LILANZ X CHINA DAILY products won the “Gold Case Award” and was accredited among the “Top 100 Branding Cases of the Year” at the ADMEN International Award Presentation Ceremony. In addition, the in-depth interactive communication in colleges in respect of the promotion of LILANZ as the business wear brand of the new generation won the “Brand Rejuvenation Award” and the “Top 10 Brand Rejuvenation Cases Award” at the ADMEN International Award Presentation Ceremony.

In 2021, China Lilang will adopt a prudent strategy for store openings which will focus on optimizing the existing store network, and will further strengthen the management of the retail network. The Group will continue to add more stores in quality shopping malls in provincial capitals and prefectural level cities and will also add stores in outlets as a recurring channel for inventory clearance. The plan for the year is to add 100 to 150 stores and the target for total retail sales growth is 10% or more.

In order to more closely control the retail stores and reduce inventory risk, the Group will reform the operation model of the core collection in 2021 by converting selected distributors with higher management capability to the consignment operation model starting from the 2021 spring and summer collections. Under the consignment model, the Group would be able to manage inventory more effectively as product transfers will be more flexible. The consignment model would also enable the virtual inventory of individual stores to expand, and thus help improve store efficiency. Furthermore, the consignment model will allow the Group to continue to leverage the retail management talents of distributors while using the Group’s financial resources to accelerate channel upgrade in any particular regions by adding stores in quality shopping malls in provincial capitals and prefecture level cities. As part of the change to the consignment model, the Group would buy-back from these stores past-season products totalling about RMB390 million as at 28 February 2021. Provision for such inventory buy-back was made in 2020 and deducted from the revenue.

Regarding new retail business, the Group has turned its online stores into self-operating, instead of distributor-operated stores, since January 2021. This could improve the management and control of online stores and facilitate the launch of special edition products online. Online stores have been set up on the WeChat Mall for both the core collection and the smart casual collection. It is expected that the customer base of the WeChat store will continue to expand, complementing the physical retail stores with virtual inventory to increase sales efficiency.

As for brand promotion, the Group will continue to organize a range of activities through online and offline channels to promote its brand, and launch crossover products with China Daily or other parties. The Group also plans to use new store images to attract more customers. The seventh-generation store image renovation of the core collection will gradually roll out to existing stores, with a plan to cover about 500 existing stores in 2021. It also plans to launch a new store image for the smart casual collection in the second half of 2021.

The Group’s new headquarters in Fujian officially commenced operation in February 2021. Phase I of the new logistics park is expected to open in the second half of 2021, which will facilitate better inventory management within the Group.

Mr. Wang concluded,

“At the Chinese government’s effective epidemic control measures, the mainland economy has been recovering quickly. With that plus the new structure of dual circulation as proposed by the central government which encourages residents to expand consumption, and in turn drive economic growth, the Group is cautiously optimistic about development of the retail market. Looking ahead to 2021, building on its solid brand foundation, China Lilang will adopt a prudent approach towards market development, focus on optimizing its existing store network and strengthening management of its retail network. Apart from stepping up growing the new retail business, it will also enhance sales and marketing and inventory management to boost its stores efficiency. The Group will continue to adhere to the strategy of providing products that represent excellent value for money. After the efforts made in the past few years in upgrading research and development and supply chain management, the Group now affords products that stand out in original design with great value-for-money. The Group is confident that its business will continue to outperform those of its peers. We will continue endeavoring to enhance the competitiveness and value-for-money of our products over the long run so as to further consolidate our leading position in the menswear industry in China and realize sustainable long-term growth”

About China Lilang

China Lilang is one of the leading PRC menswear enterprises. As an integrated fashion enterprise, the Group designs, sources and manufactures high-quality business and casual apparel for men and sells under the LILANZ brand across an extensive distribution network, covering 31 provinces, autonomous regions and municipalities in the PRC.

Vientiane Opens Second Vehicle Registration Office in Xaythany District

Xaythany Vehicle Registration Center

A new vehicle registration office has opened in Xaythany District, Vientiane Capital, to assist in registering vehicles and issuing license plates.

Champathong Garden Resort Issues Statement on Fire

Fire at Champathong Garden Resort in Vang Vieng

Champathong Garden Resort has issued a statement following a fire that broken out at on Tuesday at the Vang Vieng resort.