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TGT Technology Debuts at the Japan IT WEEK Spring Exhibition, Creating a New Future of Intelligent Connectivity

TOKYO, April 25, 2025 /PRNewswire/ — TGT Technology, a world-leading mobile Internet of Thing (AIoT) platforms has made its debut at the 35th Japan IT WEEK Spring conference under the theme “Intelligent Innovation, Industrial Empowerment”, presenting its cutting-edge cloud-based IoT communication platform alongside a suite of innovative products and solutions designed to enhance global connectivity with greater efficiency and intelligence.

TGT Technology's cutting-edge cloud communication IoT platforms, products, and solutions are highly regarded by customers
TGT Technology’s cutting-edge cloud communication IoT platforms, products, and solutions are highly regarded by customers

TGT Technology is a globalization Technology company, our commitment is to develop the world ‘s most advanced mobile IoT (AIoT) platform, delivering “high-performance, high-efficiency, and cost-effective “in intelligence connectivity and operational management services. The company serves customers in over 50 countries and regions worldwide, including Europe, the United States, and Southeast Asia, and is experiencing rapid global growth. Since entering the Japanese market, Tugo Technology has gained recognition and trust from customers with its innovative cloud communication products and services.

At this year’s Japan IT WEEK Spring conference, TGT Technology became a focal point of industry attention. TGT’s AIoT platform integrates more than 300 telecom operator’s networks worldwide, ensuring seamless coverage across more than 200 countries and regions, empowers and supports the global expansion of Japanese smart enterprises. The company’s proprietary vSIM solution—featuring in vSIM MiFi, vSIM CPE, vSIM Dongle, vSIM Vehicle, vSIM Modules, and vSIM Industrial Gateways. It combines premium smart hardware with value-added data services and has been widely acclaimed. In addition, TGT’s comprehensive eSIM solution eliminates the need for physical SIM cards, enabling instant network switching, multi-device support, flexible data plans, and global coverage across 200+ destinations— which is making it the international business travelers to have a cost effective and globalize seamless connection experiences. It is leading the future of travel eSIM.

TGT Technology's vSIM solution, powered by proprietary core technologies, delivers a seamless and intelligent global connectivity experience for customers
TGT Technology’s vSIM solution, powered by proprietary core technologies, delivers a seamless and intelligent global connectivity experience for customers

The Japanese market is a really important part of TGT Technology’s global layout and has specific strategic significance. TGT highly values the needs and expectations of its Japanese customers. In the future, TGT will continue to intensify its efforts in the Japanese market, deepen cooperation with local business partners, and continuously deliver more innovative, smarter, and cost-effective cloud communication products and data services to its clients.

For more information, please visit: https://en.tugegroup.com;
For business inquires, please email: sales@51tgt.com
For media inquires, please email: zheng.cui@51tgt.com 

EC-Council Commits $100 Million to Drive the Future of Cybersecurity Innovation

SINGAPORE, April 25, 2025 /PRNewswire/ — EC-Council, a global leader in cybersecurity education and training, and the creators of world-renowned Certified Ethical Hacker (CEH)  credential, is taking a transformative step to reshape the future of digital security. EC-Council has announced the launch of a $100 million investment to drive the development of next-gen technologies aimed to accelerate cybersecurity breakthroughs and strengthen global digital defense.

The investment coupled with EC-Council’s platform support, will boost the next generation of cybersecurity innovation which will redefine the cybersecurity paradigm worldwide. Strategic deployment of the investment will prioritize companies with high growth potential, and which demonstrate exceptional technical innovation, problem-solving capabilities, and tangible impact in strengthening Cybersecurity Defense.

Companies led by EC-Council certified cybersecurity professionals or those that employ EC-Council certified cybersecurity professionals in key technical and leadership roles will be given priority, aligning with EC-Council’s commitment to expertise-driven cybersecurity innovation.

“Our industry stands at a pivotal moment, requiring visionary leadership to counteract an ever-evolving cyber threat landscape,” said Jay Bavisi, Group President, EC-Council. “This initiative is designed to provide not just financial backing but also mentorship, strategic guidance, and global exposure to help these companies create effective security solutions. As a globally trusted cybersecurity brand, we are investing in the future by equipping those who are committed to driving impactful change.”

This initiative builds on EC-Council’s two-decade legacy of shaping the global cybersecurity workforce through education, training, and innovation. Its industry-relevant programs; such as Certified Ethical Hacker (CEH) , Certified Network Defender (CND), Certified Chief Information Security Officer (CCISO), and Computer Hacking Forensic Investigator (CHFI) have become gold standards in the field. Supporting this commitment to continuous learning is EC-Council Learning, the World’s Largest Online Cybersecurity Course Library, which offers professionals and institutions access to thousands of curated resources that evolve with the threat landscape.

Further product innovations include CEH powered with AI capabilities, CPENT AI  an advanced offensive security program featuring real-time AI-driven test environments and The Hackerverse CTF, EC-Council’s immersive cyber range platform that simulates real-world attack scenarios to prepare professionals for live threats.

The goal of EC-Council’s $100 million investment is to ensure that companies in the cybersecurity space with strong technical capabilities and market potential can access capital and resources to accelerate their growth. Companies from any region are encouraged to apply, as EC-Council is committed to creating a global ecosystem of cybersecurity innovation.

With cyberattacks becoming increasingly sophisticated, businesses, governments, and individuals face growing risks. EC-Council’s investment initiative is designed to ensure the companies with best-in-class products, service offerings and capabilities have the resources and platform to reach the users and enterprises who could benefit the most from their solutions.

Bavisi further highlighted the importance of empowering emerging companies, stating: “Innovation is not limited to large global corporations or major tech hubs. With the power of today’s technology, infrastructure and AI, some of the most disruptive cybersecurity solutions are emerging in recent times by highly specialized companies, with the potential to transform the sector and lead to new business models. Our goal is to ensure these companies have the support they need to thrive, regardless of their size or location.”

For more information on how to apply, visit EC-Council’s official website:
https://www.eccouncil.org/supporting-cybersecurity-initiatives/

Trip.com’s 2025 Trip.Best Global Rankings Showcase Travellers’ Appreciation for Singapore’s Luxury Hotels, Restaurants and Nightlife Attractions

  • Marina Bay Sands tops the ranks as the #1 Instagrammable Hotel and #1 Gourmet Hotel globally, while Raffles Hotel stands out as the #1 Luxury Hotel in Asia
  • Odette, Spago Dining Room by Wolfgang Puck and Song Fa Ba Kut Teh secure top spots as the #1 Fine Dining Restaurant, #1 Views and Experiences and the #1 Light Bites Restaurant in Asia respectively
  • Gardens By The Bay, Singapore Flyer and Marina Bay Sands SkyPark rank among the top 10 Nightlife Attractions in Asia

SINGAPORE, April 25, 2025 /PRNewswire/ — Trip.com unveiled its 2025 Trip.Best Global Rankings, the second edition of its AI-powered travel rankings designed to help travellers select the best experiences each destination has to offer. The latest rankings, featuring the top 100 stays, attractions, and restaurants globally and in Asia, highlight travellers’ appreciation for Singapore’s luxury hotels, restaurants and attractions, with local establishments in these categories securing top spots on the Asia and Global 2025 Trip.Best lists.

Images from Unsplash
Images from Unsplash

Singapore is one of the world’s top destinations for travel and a premier tourism hub. The city’s clean aesthetics, safe and efficient transportation system, and wide variety of attractions and lifestyle options make it an attractive destination for all kinds of travellers. With Singapore’s luxury hotels, restaurants and attractions taking top spots in Asia and around the world on the 2025 Trip.Best Global Rankings, this showcases the city-state’s ability to deliver exceptional experiences to all travellers, solidifying its position as a world-class destination for travel,” said Edmund Ong, General Manager, Trip.com Singapore.

Singapore’s Luxury Hotels Impress on the Global Stage

Curated using a mix of AI-driven data analysis, user reviews and human expertise, the 2025 Trip.Best Global Rankings feature travel-related establishments that exemplify service quality – delivering consistent service standards, popularity – showing positive search demand and booking volume, reputation – garnering positive user reviews and special features – with unique differentiation and standout qualities on the list. This year, the rankings listed a number of luxury hotels in Singapore among the best in Asia and the world.  


The iconic Marina Bay Sands, one of the most recognisable and photographed locations in Singapore, tops the list as the #1 Instagrammable Hotel. The Marina Bay Sands is also celebrated for its diverse culinary offerings – from world-class celebrity chef restaurants to enticing local cuisine – earning it the title of #1 Gourmet Hotel globally. Raffles Hotel, a colonial-era luxury hotel known for its heritage and architectural splendour, took the title of #1 Luxury Hotel in Asia, coming in second behind only the Hotel de Crillon in France in the global rankings.

Other luxury hotels that made the top 10 list include:

  • Swissotel The Stamford Singapore, ranked the #5 Gourmet Hotel in Asia and #6 globally
  • Hilton Singapore Orchard, ranked the #8 Gourmet Hotel in Asia
  • The Ritz-Carlton, Millenia Singapore, ranked the #9 Gourmet Hotel in Asia
  • The Fullerton Bay Hotel Singapore, ranked the #9 Instagrammable Hotel in Asia

Fine Dining Restaurants, Iconic Local Eats Capture the Hearts of Travellers

As a foodie haven, Singapore has captured the hearts of travellers with a delectable mix of fine dining restaurants and iconic local food establishments. Notably, the restaurants located within top-ranked luxury hotels in Singapore have leveraged their exceptional locations to offer impeccable views while delivering outstanding epicurean experiences. 


Spago Dining Room by Wolfgang Puck, located on level 57 of Marina Bay Sands, tops the rankings as the #1 Views and Experiences Restaurant in Asia, also ranked #10 in the world. Offering bold, cosmopolitan flavours that pay tribute to California’s dining scene, the restaurant serves up award-winning dishes while offering 360-degree views of the Marina Bay waterfront. JAAN By Kirk Westaway, located on the 70th floor of Swissotel The Stamford Singapore also stood out as the #5 Views and Experiences Restaurant in Asia, serving up modern British cuisine against the beautiful Singapore skyline.

Aside from restaurants with a view, Singapore is also home to the top-ranked fine dining restaurants and iconic local eats in Asia. Odette, the three Michelin-starred restaurant by Chef Julien Royer located at the National Gallery, claims the title of #1 Fine Dining Restaurant in Asia, while Song Fa Bak Kut Teh, a favourite among travellers, takes the #1 spot in Asia in the Light Bites restaurant category. Paying homage to Singapore’s favourite local dishes, chicken rice and chilli crab, this year’s rankings also highlight Jumbo Seafood (Riverside Point) – famous for its chilli crab, and Chatterbox – known for its Hainanese chicken riceas the #2 and #5 Local Restaurants in Asia respectively.

City with Stunning Night Views, Family-Friendly Attractions 


Renowned for its constant reinvention, Singapore captivates travellers with local attractions that feature breathtaking night views. Gardens By The Bay, a perennial favourite with locals and travellers alike, is the #1 Nightlife Attraction in Asia, with Singapore Flyer and Marina Bay Sands SkyPark ranking #4 and #10 on the list respectively.

As a city that also offers enchanting experiences for travelling families, family-friendly attractions like the Universal Studios Singapore and Night Safari also received recognition as the #5 and #10 Family-Friendly Attractions in Asia respectively.

Planning Your Next Trip with the 2025 Trip.Best Global Rankings

Designed to guide travellers in discovering the finest experiences each destination has to offer, the 2025 Trip.Best Global Rankings serve as the ultimate companion for travel inspiration and planning. To access the Trip.Best recommendations as you start planning for your next trip, follow these four simple steps:

  1. Visit the Trip.com website
  2. Go to “Destinations” in the menu bar
  3. Pick your travel destination
  4. Select “Top Picks – Trip.Best” to view the full list of recommendations

Using the Trip.com app? Simply tap on the “Top Picks – Trip.Best” icon on the main page.

To cater to the diverse preferences of travellers worldwide, Trip.com has introduced the Europe 100 and Americas 100 lists to its Trip.Best Global Rankings this year. Additionally, travellers can explore new seasonal travel recommendations under two new Attractions categories, including Water Fun – highlighting the most loved water parks, beaches and islands, and Fall Views – showcasing the top spots for autumn foliage vistas.

For the full 2025 Trip.Best Global Rankings, visit the Trip.com website.

About Trip.com

Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Trip.com has an extensive hotel and flight network consisting of more than 1.7 million hotels and flights from over 600 airlines covering 3,400 airports in 220 countries and regions around the globe. Trip.com‘s world-class 24/7 multilingual customer service, as well as additional centres in Edinburgh, Tokyo and Seoul, help to ‘create the best travel experience’ for its millions of customers worldwide. To book your next trip, visit Trip.com.

Supporting Data+AI Integration: Tencent Cloud Big Data-Data Lake Compute (DLC) Achieves 70% Cost Reduction

SHENZHEN, China, April 25, 2025 /PRNewswire/ — Under the Data+AI convergence trend, Lakehouse represents the core evolution direction for big data platforms. Tencent Cloud Big Data-Data Lake Compute (DLC) is an open, unified cloud-native Serverless Lakehouse data warehousing and analytics service. It features cloud-native storage-compute separation, lake format governance, deep optimizations for Iceberg, unified metadata management, and machine learning training support, enabling enterprises to build agile Data+AI Lakehouse platforms. DLC has helped a leading Southeast Asian retail conglomerate reduce data platform and machine learning costs by 70%.

Core Challenges

  1. Separated Resources: Big data and AI required isolated infrastructure investments with no resource sharing.
  2. Data Movement Overheads: Data silos between Data and AI systems caused latency and additional costs.

DLC Solution

Tencent Cloud’s one-stop intelligent platform WeData, powered by Data Lake Compute (DLC), delivers an integrated DataOps+MLOps platform solution enabling:

  • Seamless Experience: Unified development for both data analytics and ML workflows
  • Cost Efficiency: 70% cost reduction through shared compute resources for Data+AI workloads
  • AI Innovation Acceleration: Rapid deployment of GenAI applications via unified data governance

Key Features

  • Unified Engine: Supports data engineering and ML training (Scikit-Learn, PyTorch, TensorFlow)
  • Meson Engine: Proprietary high-performance engine delivering 2x faster processing than open-source Spark
  • Dynamic Resource Allocation: Flexible resource groups for data engineering, interactive analytics, and ML tasks

Business Value

DLC integrates data engineering, SQL analytics, and machine learning into a unified platform with industry-leading cost-effectiveness. The solution has already enabled a Southeast Asian retail leader to achieve 70% TCO reduction across data and ML infrastructure.

#Tencent Cloud Big Data #Data Lake Compute

Geely Riddara Unveils Next-generation Hybrid Pickup at Auto Shanghai 2025

SHANGHAI, April 25, 2025 /PRNewswire/ — Geely Riddara, the NEV pickup brand of Geely Auto Group, unveiled its next-generation hybrid pickup – the RD6 PHEV at Auto Shanghai 2025. This milestone establishes Riddara as the only pickup brand commanding both pure-electric and hybrid technology portfolios in China.


As the world’s first hybrid pickup equipped with the Geely’s Thor plug-in hybrid system, the RD6 PHEV redefines the standard of pickup technology. The Geely’s Thor plug-in hybrid system features an industry-first 3DHT Hybrid Architecture, the only multi-mode drivetrain solution in its class, and has earned China’s first S-level certification for hybrid system reliability. Rigorously validated under extreme conditions, the system underwent over 1,000 powertrain bench tests, 400,000 hours of testing, and 40 million kilometers of endurance trials. Empowered by this system, the RD6 PHEV achieves a thermal efficiency of 44.26%, accelerates from 0-100 km/h in 6.5 seconds, and reduces energy consumption by 21% compared to diesel-powered vehicles. By redefining industry standards for power, efficiency, and safety, RD6 PHEV delivers an optimal solution for users in demanding scenarios – including fieldwork, long-distance travel, and extreme cold environments.

Backed by Geely’s Thor plug-in hybrid system as its core technology, Geely Riddara has officially launched its “Super Hybrid + Full-Scenario Ecosystem” strategy, driven by the collaborative innovation of the Omnipower Stack and AeroNex IoT Platform. AeroNex IoT Platform, the industry’s first drone-integrated IoT system, transforms vehicles into mobile intelligent hubs through deep integration of “vehicle-network-device-cloud” technologies, empowering low-altitude economic applications. Meanwhile, the Omnipower Stack pioneers a closed-loop “charging-storage-discharging” design, enabling pickups to serve as mobile energy stations for extended outdoor operations and camping, breaking the functional limitations of ICE pickups.

Geely Riddara has been targeting global market since its establishment, committed to becoming the No.1 new energy pickup brand in the entered markets. The RD6 PHEV will play a pivotal role in overseas market penetration, stated Ling Shiquan, CEO of Geely Riddara. PHEV technology adapts seamlessly to regional infrastructure conditions, easing range anxiety in emerging markets such as West Asia, Africa, and South America, with underdeveloped charging networks. During the Auto Shanghai 2025, nearly 100 overseas distributors gathered, with Geely Riddara signing strategic agreements with partners across Asia-Pacific and South America, further stretching its global layout. To date, Riddara dominates Thailand’s new energy pickup sector, holding the highest market share and winning the “Best Pickup EV” award at the Car of the Year 2025.

The debut of the RD6 PHEV not only underscores “technology-driven, scenario-defined” dual-strategy of Geely Riddara, but also leverages hybrid innovation and intelligent platforms to establish a new global benchmark for the new energy pickup industry. Relying on the strategic layout and globalization developments, Geely Riddara is reshaping the value chain of new energy pickup trucks with scenario-driven approach.

SKF Q1 2025: Strong margin in turbulent markets

GOTHENBURG, Sweden, April 25, 2025 /PRNewswire/ — 

Q1 2025           

  • Net sales: MSEK 23,966 (24,699)
  • Organic growth: −3.5% (−7.0%), driven by lower market demand across regions and industries, except for aerospace showing continuous growth.
  • Adjusted operating profit: MSEK 3,233 (3,303). Continued strong price/mix contribution, driven by pricing actions and active portfolio management, as well as good cost control which largely offset the lower volumes.
  • Adjusted operating margin: 13.5% (13.4%) with Industrial at 16.9% (16.4%) and Automotive at 5.2% (6.0%).
  • Net cash flow from operating activities: MSEK 977 (1,781).

Financial overview, MSEK unless otherwise stated

Q1 2025

Q1 2024

Net sales

23,966

24,699

Organic growth, %

−3.5

−7.0

Adjusted operating profit

3,233

3,303

Adjusted operating margin, %

13.5

13.4

Operating profit

2,885

2,993

Operating margin, %

12.0

12.1

Adjusted net profit

2,296

2,312

Net profit

1,948

2,002

Net cash flow from operating activities

977

1,781

Basic earnings per share

3.95

4.15

Adjusted earnings per share

4.71

4.83

Rickard Gustafson, President and CEO:

In a volatile environment, I’m pleased that we maintained our resilient performance and improved our adjusted operating margin year-over-year. We continue to execute our strategy including the creation of two independent and fit for purpose businesses and thereby creating strong foundations for the future.

Margin resilience despite continued weak demand

In the first quarter we saw continued weak demand resulting in an organic sales decline of −3.5% compared to last year. The lower volumes were partly offset by a solid price/mix. Demand in Europe remained weak. However, we view the announced state-backed investments aimed at increasing European competitiveness as positive long term. China and Northeast Asia posted positive organic growth for the first time in seven quarters, primarily driven by favorable comparable figures. Both Americas and India and Southeast Asia shifted from organic growth in Q4 to a decline in Q1. This was mainly due to the positive timing effects at the end of 2024 as previously communicated and a weaker automotive demand.

The adjusted operating margin was strong at 13.5%, a slight year-over-year improvement despite a weak market environment. The margin resilience was supported by an effective execution of pricing, portfolio management, and cost reduction initiatives. However, these initiatives did not fully offset the negative impact from lower volumes. Currency effects had a positive impact on the margin, mainly driven by a stronger USD year-over-year.

The adjusted operating margin for our Industrial business increased to 16.9%, driven by good portfolio and cost management execution. The Automotive business performed relatively well, considering the challenging market conditions, with an adjusted operating margin of 5.2%. We see potential in further improving the margin, but given the current turbulent environment, the timeline of achieving the targeted 8% adjusted operating margin level will extend beyond 2025.

Cash flow was not satisfactory at close to BSEK 1, mainly driven by increased working capital, including high accounts receivables generated by a strong quarter end, and negative currency effects.

Creating two fit for purpose businesses

The separation of the Automotive business continues at high pace, where the operating model and organizational design now have been concluded. Automotive’s global manufacturing footprint has also been finalized with 16 factories. The overall separation process progresses according to plan, but the complexity of the separation, including the IT structure, may stretch the overall time plan.

The initiated organizational review is progressing well, rightsizing both organizations to create strong foundations for the future and to withstand turbulent markets. More focused businesses with less complexity allow for leaner organizational structures resulting in sizeable reductions in staff positions, not least within Europe. The number of positions affected, savings and restructuring charge will be presented in conjunction with the Q2 2025 report.

Outlook

Lately, the business environment has experienced significant volatility driven by increased geopolitical uncertainty including trade and tariff turmoil. We are preparing the business for different scenarios and remain confident that our strategy, in combination with our decentralized organization and effective cost management, will provide us with the agility and flexibility to navigate through these turbulent times. So far, we have largely compensated for increased tariff costs through price adjustments and we expect to continue to do so also in the second quarter, given current tariff levels. However, today’s market uncertainty may influence demand and the prerequisites for certain products and markets.

We expect continued volatility and, even if we have seen signs of markets bottoming out, we plan for another quarter with negative volumes and expect organic sales to weaken somewhat in Q2, year-over-year.”

Outlook and guidance

Outlook           

  • Q2 2025: We expect continued volatility and, even if we have seen signs of markets bottoming out, we plan for another quarter with negative volumes and expect organic sales to weaken somewhat in Q2, year-over-year.

Guidance Q2 2025           

  • Currency impact on the operating profit is expected to be around MSEK 400 negative compared to the second quarter 2024, based on exchange rates per 31 March 2025.

Guidance FY 2025          

  • Tax level excluding effects related to divested businesses: around 26%.
  • Additions to property, plant and equipment: around BSEK 4.5 excluding separation of the Automotive business.

A webcast will be held on 25 April 2025 at 09:00 (CEST):
Sweden: +46 (0)8 5051 0031
UK/International: +44 (0)207 107 0613
https://investors.skf.com

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com 

The financial information in this press release contains inside information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above on 25 April 2025 at 07.30 CEST.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-q1-2025–strong-margin-in-turbulent-markets,c4140309

The following files are available for download:

Announcement of Paper Publication: EditForce Demonstrates Efficacy of Treatment for Myotonic Dystrophy Type 1 Using PPR Platform Technology

FUKUOKA, Japan, April 25, 2025 /PRNewswire/ — EditForce, Inc. (Headquarters: Fukuoka, Japan) is pleased to announce that a research paper on the results of a joint study with the research group led by Professor Masayuki Nakamori of the Department of Neurology of the Yamaguchi University Graduate School of Medicine, and Professor Hideki Mochizuki of the Department of Neurology of the University of Osaka Graduate School of Medicine, was published in Science Translational Medicine on April 16, 2025 (Eastern Daylight Time).

In this study, it was demonstrated that a single administration of the jointly developed PPR protein (CUG-PPR1), which specifically binds to the abnormal RNA causing Myotonic Dystrophy Type 1 (hereinafter referred to as “the Disease”), resulted in long-term amelioration of muscle symptoms in mice, with minimal immune response and side effects.

The results of this study open the way for the development of treatments for the Disease, which currently has no fundamental cure, and are evaluated as demonstrating the innovativeness and efficacy of EditForce’s proprietary PPR platform technology. It will continue to strive in its R&D activities to deliver the treatment for the Disease to patients as quickly as possible.

Paper Information

– Journal: Science Translational Medicine

– Publication Date: Wednesday, April 16, 2025, 2:00 PM (Eastern Daylight Time)

– Title: Pentatricopeptide repeat protein targeting CUG repeat RNA ameliorates RNA toxicity in a myotonic dystrophy type 1 mouse model

– Authors: Takayoshi Imai1*, Maiko Miyai2*, Joe Nemoto3, Takayuki Tamai1, Masaru Ohta1, Yusuke Yagi1, Osamu Nakanishi1, Hideki Mochizuki2, and Masayuki Nakamori2,3**

Affiliations:

1. EditForce, Inc.

2. Graduate School of Medicine, University of Osaka, Department of Neurology

3. Graduate School of Medicine, Yamaguchi University, Clinical Neurology

*: These authors contributed equally to this work.

**: Corresponding author

DOI: 10.1126/scitranslmed.adq2005
https://www.science.org/doi/10.1126/scitranslmed.adq2005 

Ascott’s Multi-typology Strategy Fuels Expansion In Asia, Africa And The Middle East, Surpassing 17,400 Ascott-branded Units


SINGAPORE – Media OutReach Newswire – 25 April 2025 – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is accelerating the global growth of its eponymous flagship brand, Ascott, under the company’s newly unveiled multi-typology strategy. Building on strong momentum in 2024, which saw eight new property signings – more than double the previous year’s total – the brand has continued its trajectory with three additional signings in the first four months of 2025. This brings the Ascott brand portfolio to over 80 properties with more than 17,400 units, both operational and in the pipeline, across 43 cities. Across all its 14 brands, Ascott’s global portfolio now totals over 990 properties with more than 170,000 units in 230 cities.

The newly signed Ascott Shenton Way Singapore is slated to be the brand’s second Ascott property within the central business district in Singapore - reinforcing the brand's dominance in the central business districts of gateway cities around the world.
The newly signed Ascott Shenton Way Singapore is slated to be the brand’s second Ascott property within the central business district in Singapore – reinforcing the brand’s dominance in the central business districts of gateway cities around the world.

The three Ascott-branded properties added in 2025 are Ascott Ortigas Manila in the Philippines, Ascott Shenton Way Singapore in Singapore as well as the first Ascott property in Wenzhou, China. In 2024, signings were secured in Nanjing, Shenzhen, Suzhou, Wuhan and Wuxi, with Ascott Xuanwu Lake Nanjing opening the same year it was signed. The brand also entered Batam, Indonesia with the signing of Ascott Batam, and Nairobi, Kenya in East Africa. Ascott concluded 2024 with the signing of Ascott Residences Batu Ferringhi Penang, reinforcing the brand’s presence in Malaysia.

Growing beyond its origins in serviced residences, the Ascott brand is adopting new typologies, including hotels with MICE facilities and branded residences. This underscores the brand’s commitment to offering a comprehensive suite of high-quality global living solutions, tailored for C-suite executives who value the art of fine living.

Mr Kevin Goh, Chief Executive Officer of Ascott, said: “In the face of increasing economic uncertainty, Ascott’s flex-hybrid operating model is now reinforced with a multi-typology brand strategy. The core strength of the flex-hybrid model lies in its dual capability to serve transient, short-stays as well as extended, long-stay demand from a single operational framework. When strengthened by a multi-typology brand ecosystem, Ascott’s business model gains a unique competitive edge. This enables Ascott to respond dynamically to demand shifts not just by length of stay, but also by owner and guest profiles, and location offerings.”

“As seen from the signing momentum of our flagship Ascott brand across multiple typologies in recent months, this agility in response to dynamic macroeconomic conditions drives sustainable growth. By enhancing operational efficiency, deepening brand loyalty and ensuring adaptability in a dynamic travel landscape, it enables us to match the right brand and typology to each market, meeting demand with precision. For property owners, we offer flexible brand and typology combinations that optimise returns, supported by the strength and recognition of our portfolio for faster market traction. For guests, we deliver diverse accommodation options under the brands they know and trust, creating seamless and rewarding experiences. In a world where agility is the new currency of resilience, this flex-hybrid multi-typology strategy allows Ascott to mitigate downside risk in uncertain times, and to capture growth opportunities and upside potential when new demand corridors emerge,” added Mr Goh.

Expanding the Ascott Experience Across New Typologies
Under the multi-typology brand strategy, the Ascott brand is broadening its horizons beyond serviced residences, with recent signings and upcoming openings that showcase an expanded portfolio of branded residences and full-service hotels with MICE facilities. Amid this evolution, Ascott stays true to its identity through a distinctive set of brand signatures that reflect its quiet expression of luxury. Timeless interiors, curated lobby art installations and elevated service delivered by the Ascott Artisan are hallmarks of the guest experience. Signature offerings such as Themed Suites and the Ascott Soiree – a cultural initiative spotlighting performing, visual, culinary and couture arts – further immerse guests in the soul of each destination. Together, these elements define Ascott as a sanctuary of fine living, thoughtfully designed for C-suite executives.

Ms Tan Bee Leng, Chief Commercial Officer, Ascott, said: “Rather than creating separate brands for each market segment, we extend our well-established brands – including Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection and The Unlimited Collection – across diverse accommodation types, ranging from limited select-service to luxury full-service operations. Guided by our brand promise to empower our loyal guests to ‘Stay Your Way’, this multi-typology strategy offers tailored global living solutions to address the diverse travel needs of our guests. It is however more than an operationally adaptive strategy to ensure we deliver a consistent and high-quality brand experience worldwide. It is also a revenue-centric model to extend our market reach and enhance our strategic resilience through yield management and distribution efficiencies. By swiftly tailoring the brand presence and reallocating the service mix based on our multi-typology brand strategy, Ascott is honing our agility to meet the dynamic patterns in travel and guest behaviour.”

Branded Residences
A notable milestone in this expansion is Ascott’s first branded residence, Ascott Residences Batu Ferringhi Penang, located along the picturesque coastline between the prestigious residential area of Tanjung Bungah and the popular resort destination of Batu Ferringhi in Penang, Malaysia. Set to launch for sale this year by Malaysian developer Instant Icon Sdn Bhd, the greenfield development will feature 99 exclusive residential apartments that fuse refined architectural design with artistic expression. Scheduled for completion in 2028, the property will offer a mix of expansive units ranging from 2,000 to 4,000 square feet, topped with an 8,000-square-foot penthouse that epitomises elevated coastal living.

Hotels
The newly signed Ascott Shenton Way Singapore is located within a 29-storey green sanctuary in the heart of Singapore’s central business district. Slated to be the brand’s third Ascott property in Singapore and the second within the central business district, Ascott Shenton Way Singapore will house 137 units spanning a variety of room configurations that accommodate both short- and extended-stay guests. Facilities include bespoke wellness offerings, a resident’s lounge, meeting spaces, an all-day dining restaurant, lobby café, gym, spa and swimming pool, complemented by garden terraces that bring nature into the urban core.

Full-Service Hotels with MICE Facilities
Ascott will open its first all-villa hotel, Ascott Villas Riyadh, in Saudi Arabia in July 2025. Located near King Abdullah Financial Street, Riyadh’s financial hub, the property will offer a curated collection of two-, three- and four-bedroom villas, some with private pools. The hotel will also feature four versatile meeting rooms and executive boardrooms, a restaurant, swimming pool, gym and tennis court – blending business functionality with luxury living.

Ascott Villas Riyadh will open as the brand's first all-villa hotel in Saudi Arabia come July 2025. Located near the financial hub at King Abdullah Financial Street, Ascott Villas Riyadh will offer a curated collection of villas, some equipped with private pools.
Ascott Villas Riyadh will open as the brand’s first all-villa hotel in Saudi Arabia come July 2025. Located near the financial hub at King Abdullah Financial Street, Ascott Villas Riyadh will offer a curated collection of villas, some equipped with private pools.

In Vietnam, Ascott Tay Ho Hanoi is set to host meetings and events ahead of its grand opening in 2026. Located by the iconic West Lake in Hanoi’s Tay Ho District, the venue features The Sense Tay Ho Convention Centre, offering 14 flexible event spaces, including the city’s largest pillarless hotel Grand Ballroom, with a capacity for 2,000 guests. The property will also house 618 hotel rooms and serviced apartments, along with premium wellness amenities such as a spa, gym, swimming pool and yoga rooms. Guests will enjoy an exceptional culinary experience at the upscale dining destination, featuring over 10 diverse cuisines, expertly crafted by Michelin-starred and world-renowned chefs. The venue will also feature a stunning sky bar, providing a perfect setting to unwind and take in breathtaking views.

An upcoming new landmark situated by the iconic West Lake in Hanoi's Tay Ho District, Ascott Tay Ho Hanoi will house 618 hotel rooms and serviced apartments, alongside with premium wellness amenities as well as a dining haven featuring over 10 diverse cuisines expertly crafted by Michelin-starred and world-renowned chefs. The venue will also feature a stunning sky bar, providing a perfect setting to unwind and take in breathtaking views.
An upcoming new landmark situated by the iconic West Lake in Hanoi’s Tay Ho District, Ascott Tay Ho Hanoi will house 618 hotel rooms and serviced apartments, alongside with premium wellness amenities as well as a dining haven featuring over 10 diverse cuisines expertly crafted by Michelin-starred and world-renowned chefs. The venue will also feature a stunning sky bar, providing a perfect setting to unwind and take in breathtaking views.

Further expanding in the full-service hospitality service space, Ascott signed Ascott Ortigas Manila in March 2025, marking a strategic addition in the Philippines. Located in the heart of Metro Manila’s Ortigas business district, the property will re-open under the Ascott brand after full renovation, offering 232 units and 1,700 square metres of event space, alongside a spa, gym, swimming pool, resident’s lounge and two dining concepts.

Bringing Destinations to Life Through Art with Ascott Soirée
Amidst a wave of exciting growth, Ascott is presenting a new annual edition of its signature brand programme, Ascott Soirée, an immersive celebration of art, culture and refined living. Designed to elevate the guest experience, the programme transforms each property into a living gallery through curated in-property experiences and exclusive local collaborations. From live performances and visual art to haute couture and world-class cuisine, guests enjoy a multi-sensory journey into the art of living well by celebrating fine craftsmanship.

Added Ms Tan: “With the growing demand for experiential travel, today’s guests are looking for more than just a place to stay – they seek meaningful cultural connections. Ascott Soirée reflects our commitment to delivering immersive experiences that go beyond the stay. The programme offers privileged access to exclusive performances, bespoke culinary moments and one-of-a-kind artistic encounters. Just as importantly, it celebrates the visionaries behind them – the artists, curators and craftspeople who bring each destination’s story to life. Through creative collaborations around the world, Ascott Soirée brings heartfelt, arts-inspired experiences that enrich every stay with authenticity and soul. Surrounded by culture and refinement, Ascott guests find themselves at the intersection of artistry and elevated living, where every moment is thoughtfully designed.”

In Singapore, guests of Ascott Orchard Singapore can immerse themselves in Singapore’s vibrant performing arts scene through a Mother’s Day Concert that will be performed by the Singapore Symphony Orchestra at the nearby Singapore Botanic Gardens. The concert will offer an evening of classical music by local talents, fostering a deeper connection with the city’s fine arts landscape. Over in Tokyo, Japan, Ascott Marunouchi Tokyo has collaborated with Tokyo Takahashi Kobo and Traditional Woodblock Print Craftsmen’s Association, on an art exhibition. Guests will discover the refined beauty of Edo-period prints and the masterful craftsmanship behind them alongside modern interpretations that breathe new life into this cherished tradition. At Ascott Fengyishan Shenzhen in China, the art of tea takes centrestage as guests will enjoy opportunities to learn traditional tea making techniques and tea culture as an intangible cultural heritage.

For the full list of activations and upcoming experiences under Ascott Soiree, please visit: https://www.discoverasr.com/en/ascottsoiree.Hashtag: #TheAscottLimited #Hospitality #Growth #Strategy #Brand




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About The Ascott Limited

The Ascott Limited (Ascott) is driven by a vision to be the preferred hospitality company, enriching global living with heartfelt experiences. With a portfolio of more than 990 properties across 230 cities in over 40 countries, Ascott’s presence spans Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its diverse collection of award-winning brands includes , , , , , , , , , , , , and .

Ascott specialises in managing and franchising a wide range of lodging options, including serviced residences, hotels, resorts, social living properties and branded residences, catering to the varying needs and preferences of global travellers. Through the loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey.

As a wholly owned business unit of , Ascott generates fee-related earnings by leveraging its expertise in both lodging management and investment management. It also drives the expansion of funds under management by growing its sponsored and private funds.

For more information on Ascott and its sustainability programme, please visit . Alternatively, connect with Ascott on , , and .

About CapitaLand Investment Limited

Headquartered and listed in Singapore in 2021, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As at 31 December 2024, CLI had S$136 billion of assets under management, as well as S$117 billion of funds under management held via stakes in seven listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. Its diversified real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit and special opportunities.

CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand Group’s development arm. In 2025, CapitaLand Group celebrates 25 years of excellence in real estate and continues to innovate and shape the industry.

As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.