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China Sets Up National Data Group to Spur Development of Digital Economy

SHANGHAI, CHINA – Media OutReach Newswire – 28 October 2024 -The China National Data Group Alliance, which aims to foster the high-quality development of the digital economy, was established on Oct. 20 at the 2024 Global Data Ecosystem Conference held in Shanghai.

The formation of this alliance aims to break geographical restrictions by sharing resources, technologies and scenarios, to inject new vitality into the reform of China’s market-oriented allocation of data elements and to promote the construction of a unified national market, reports said.

The alliance has an initial membership of 21 data industry companies, including Shanghai Data Group and Jiangsu Data Group, which have operations in 21 provincial-level regions.

Nearly 300 people, consisting of the heads of data groups and industrial companies as well as representatives from universities, research institutes and digital companies, were present at the conference when the alliance was established.

Hashtag: #TheChinaNationalDataGroupAlliance

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

FCC Analytics Partners with Hong Kong Airstar Bank, livi bank to Enhance Anti-Money Laundering Efforts through Federated Learning


HONG KONG SAR – Media OutReach Newswire – 28 October 2024 – FCC Analytics is proud to announce a Memorandum of Understanding (MOU) with Airstar Bank and livi bank, two pioneering digital banks in Hong Kong, to adopt a groundbreaking federated learning technology for anti-money laundering. This innovative approach allows for enhanced collaboration between banks while preserving data privacy, aligning with the Hong Kong Monetary Authority’s (HKMA) initiative to leverage artificial intelligence for monitoring suspicious activities in the financial sector.

Front Row: left to right Mr. Henry Yu, Chief Compliance Officer, Airstar Bank Limited Mr. Wallace Chow, Founder & CEO, FCC Analytics Limited Ms. Ada Yuen, Chief Risk Officer, livi Bank Limited ; Back Row: left to right Ms. Sunny Xu, Head of Financial Crime Compliance, Airstar Bank Limited Mr. Luke Ng, Chief Technology Officer, FCC Analytics Limited Ms. Karen Kwok, Head of Financial Crime Compliance, livi Bank Limited
Front Row: left to right Mr. Henry Yu, Chief Compliance Officer, Airstar Bank Limited Mr. Wallace Chow, Founder & CEO, FCC Analytics Limited Ms. Ada Yuen, Chief Risk Officer, livi Bank Limited ; Back Row: left to right Ms. Sunny Xu, Head of Financial Crime Compliance, Airstar Bank Limited Mr. Luke Ng, Chief Technology Officer, FCC Analytics Limited Ms. Karen Kwok, Head of Financial Crime Compliance, livi Bank Limited

The adoption of federated learning enables these banks to share insights on potential money laundering activities without compromising sensitive customer information. By utilizing decentralized machine learning algorithms, this technology represents a significant breakthrough in the fight against financial crime. This initiative supports the HKMA’s regulatory framework, enhancing the banks’ ability to meet compliance requirements. It strengthens the monitoring process, allowing banks to reduce operational costs associated with traditional anti-money laundering methods. The partnership fosters a collaborative approach to combat financial crime, setting a precedent for future cooperation within the banking sector.

Wallace Chow, Founder and CEO of FCC Analytics, expressed his gratitude, stating, “We extend our heartfelt thanks to Airstar Bank and livi bank for their commitment to this initiative. Our vision is to support banks in combating financial crime by driving a peer-to-peer federated learning network across the Asia Pacific for various collaborative purposes.”

Henry Yu, Chief Compliance Officer of Airstar Bank, emphasized, “This partnership marks a significant step forward in our commitment to combating financial crime. By leveraging federated learning, we can enhance our AML capabilities while maintaining the highest standards of data privacy.”

Integrating this technology will improve the detection of suspicious patterns by facilitating collaboration among banks without the need to share raw data. Sensitive customer information remains secure, as the technology ensures that data does not leave the local servers of the banks. Karen Kwok, Head of Financial Crime Compliance at livi bank, remarked, “The ability to share insights without compromising customer data is revolutionary. This initiative not only strengthens our compliance efforts but also reinforces our dedication to protecting our customers and the integrity of the financial system.”

Hashtag: #FCCAnalytics #AirstarBank #livibank

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

About FCC Analytics

FCC Analytics is a leading RegTech firm specializing in A.I. KYC and compliance solutions. With offices in Australia, Hong Kong, and Singapore, we are trusted by financial institutions to deliver innovative technology that enhances their ability to combat money laundering and fraud. Our mission is to empower banks with advanced tools that protect their customers and uphold the integrity of the financial system.

About Airstar Bank

Airstar Bank is a digital bank in Hong Kong with Xiaomi Corporation and Futu Group as its key shareholders. The Bank upholds the virtue of financial inclusion by making cutting edge digital banking services accessible at our customers’ fingertips. Airstar Bank has become a licensed bank under the Hong Kong Monetary Authority since May 9, 2019.

About livi bank

livi has brought a unique, fresh and different banking experience to Hong Kong since 2020 with its goal to foster digital innovation, promote financial inclusion and enhance customer experiences. We aim to provide our customers with secure flexible solutions anytime and anywhere coupled with the benefits of ecosystem partnerships that complement their everyday lives. Connecting with our customers, understanding their needs and earning their trust is core to the way we work at livi. livi bank is backed by BOC Hong Kong (Holdings), the Jardine Matheson Group and JD Technology, which together bring to livi an unparalleled range of benefits in terms of financial strength, marketing excellence and technological expertise.

VinFast officially launches in the Middle East


DUBAI, UNITED ARAB EMIRATES – Media OutReach Newswire – 28 October 2024 At Bluewaters Island (Dubai), VinFast Auto held the official brand launch event in the Middle Eastern market, showcasing a variety of smart and green mobility solutions. This event marks a significant milestone in VinFast’s global expansion strategy and reinforces its commitment to providing sustainable and green transportation solutions in the region.

The VF 8 model will be sold in the Middle Eastern market.
The VF 8 model will be sold in the Middle Eastern market.

On the same day as the brand launch, VinFast, together with its partner Al Tayer Motors, officially opened its first dealership in the United Arab Emirates (UAE), located in the downtown area of Dubai. With a total area of over 1,000 square meters, the store is designed with a modern and luxurious style, integrated with a service workshop, providing customers the opportunity to directly experience VinFast’s smart electric vehicles, including the VF 6, VF 7, VF 8, and VF 9 models.

With modern design, advanced technology, and impressive performance, VinFast’s electric vehicles promise to bring entirely new driving experiences to customers in the UAE as well as the Middle East region. Previously, on October 17, 2024, VinFast signed a Memorandum of Understanding with Charge&Go to promote the installation and operation of a network of public charging stations and related services in the UAE.

According to plans, additional VinFast dealerships in the Middle East, including Saudi Arabia, Qatar, Kuwait, and Bahrain, will be opened later this year. The VinFast VF 8 model is expected to be priced starting from $47,500 (Eco trim) and from $51,500 (Plus trim) when it is launched for sale in the Middle East.

Speaking at the event, Mr. Ta Xuan Hien, CEO of VinFast Middle East, shared: “Today’s official brand launch in the Middle East marks an important step in VinFast’s journey to expand its presence in the global electric vehicle market. We are proud to partner with Gulf nations in the electrification revolution, offering smart and powerful electric vehicles with exceptional warranties, while gradually realizing our expansion plan in the Middle East and globally.”

As a pioneer in the all-electric vehicle strategy, VinFast has established a strong reputation with its presence in numerous international markets such as the U.S., Canada, Europe, Indonesia, India, and the Philippines. The Middle East is a new advancement in VinFast’s expansion strategy, especially as countries in the region are adopting policies to accelerate the development of electric vehicles.

In the Middle East, VinFast has signed exclusive partnership agreements with three leading regional dealers: Al Tayer Motors (UAE), Al Mana Holdings (Qatar), and Bahwan Automobiles & Trading (Oman). By promoting collaboration with top partners in the Middle East, VinFast is actively participating in realizing green mobility solutions in the region, while affirming the commitment of the Vietnamese electric vehicle manufacturer to making EVs more accessible to everyone.

Hashtag: #VinFast #Vingroup #EV

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:

Cushman & Wakefield Takes Best Deal of the Year and Valuation Team of the Year Wins at RICS Hong Kong Awards 2024

  • Winner for Best Deal of the Year
  • Winner for Valuation Team of the Year

HONG KONG SAR – Media OutReach Newswire – 28 October 2024 – Cushman & Wakefield, a leading global real estate services firm, has again been recognized for its leading professional service excellence at the Royal Institution of Chartered Surveyors (RICS) Awards in Hong Kong. The firm was awarded with wins in the Best Deal and Valuation Team categories.

Winner — Best Deal of the Year

Cushman & Wakefield’s Hong Kong Capitals Markets team seamlessly facilitated Li Ning Company Ltd’s acquisition of the 24-story Harbour East office tower at 218 Electric Road, North Point from Henderson Land. The property is now renamed as the Hong Kong Li-Ning Building. By leveraging strategic insights and rigorous planning, the team transitioned Li Ning from leasing to ownership, and successfully ensured the acquisition of the headquarters in Hong Kong for this leading Chinese sports brand.

Tom Ko, Executive Director, Head of Capital Markets, Hong Kong, Cushman & Wakefield, said, “This recognition is a testament to our team’s dedication and expertise. We are proud to have facilitated such a significant transaction amidst the complexities of the market, and we remain

committed to delivering exceptional services and innovative solutions for our clients. Our success is driven by our focus on understanding client needs and adapting to the ever-changing landscape.”

Winner — Valuation Team of the Year

Cushman & Wakefield, with more than 20 years of experience in data center valuation, stands at the forefront of future-proofing professionalism. The company’s innovative platforms, combined with strict adherence to RICS standards, empower the Valuation and Advisory Services Team to deliver exceptional services for digital assets. These services serve as the backbone of investors’ best decision-making, successful business models, and optimal asset strategies. As forward-looking professionals, the team guides clients toward asset continuity and responsible investment through climate advisory and ESG-compliant valuation. The team strives as both facilitators and supporters of Hong Kong’s digital transformation, positioning itself as the strategic partner for a sustainable and digital future.

Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, Cushman & Wakefield, commented, “Receiving recognition at the RICS Hong Kong Awards is a testament to our team’s hard work and dedication. Our ongoing commitment to excellence and innovation has been pivotal in establishing us as leaders in the valuation industry since 1993. We take pride in nurturing talent and staying ahead of industry trends to better serve our clients.”

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, added, “Congratulations to all the professional teams for once again demonstrating our spirit of progressiveness and customer- centric service. By adhering to our principles, we further strengthen our brand image and industry position. Looking ahead, we will continue to provide unparalleled professional services to our clients, leading the development of the real estate industry in Hong Kong.”

Photos:
Winner – Best Deal of the Year: Hong Kong Capital Markets team
Winner – Valuation Team of the Year: Hong Kong Valuation & Advisory Services team

Please click HERE to download high-resolution photos.
Hashtag: #Cushman&Wakefield

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit or follow us on LinkedIn ).

Cushman & Wakefield Takes Best Deal of the Year and Valuation Team of the Year Wins at RICS Hong Kong Awards 2024

  • Winner for Best Deal of the Year
  • Winner for Valuation Team of the Year

HONG KONG SAR – Media OutReach Newswire – 28 October 2024 – Cushman & Wakefield, a leading global real estate services firm, has again been recognized for its leading professional service excellence at the Royal Institution of Chartered Surveyors (RICS) Awards in Hong Kong. The firm was awarded with wins in the Best Deal and Valuation Team categories.

Winner — Best Deal of the Year

Cushman & Wakefield’s Hong Kong Capitals Markets team seamlessly facilitated Li Ning Company Ltd’s acquisition of the 24-story Harbour East office tower at 218 Electric Road, North Point from Henderson Land. The property is now renamed as the Hong Kong Li-Ning Building. By leveraging strategic insights and rigorous planning, the team transitioned Li Ning from leasing to ownership, and successfully ensured the acquisition of the headquarters in Hong Kong for this leading Chinese sports brand.

Tom Ko, Executive Director, Head of Capital Markets, Hong Kong, Cushman & Wakefield, said, “This recognition is a testament to our team’s dedication and expertise. We are proud to have facilitated such a significant transaction amidst the complexities of the market, and we remain

committed to delivering exceptional services and innovative solutions for our clients. Our success is driven by our focus on understanding client needs and adapting to the ever-changing landscape.”

Winner — Valuation Team of the Year

Cushman & Wakefield, with more than 20 years of experience in data center valuation, stands at the forefront of future-proofing professionalism. The company’s innovative platforms, combined with strict adherence to RICS standards, empower the Valuation and Advisory Services Team to deliver exceptional services for digital assets. These services serve as the backbone of investors’ best decision-making, successful business models, and optimal asset strategies. As forward-looking professionals, the team guides clients toward asset continuity and responsible investment through climate advisory and ESG-compliant valuation. The team strives as both facilitators and supporters of Hong Kong’s digital transformation, positioning itself as the strategic partner for a sustainable and digital future.

Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, Cushman & Wakefield, commented, “Receiving recognition at the RICS Hong Kong Awards is a testament to our team’s hard work and dedication. Our ongoing commitment to excellence and innovation has been pivotal in establishing us as leaders in the valuation industry since 1993. We take pride in nurturing talent and staying ahead of industry trends to better serve our clients.”

John Siu, Managing Director, Hong Kong, Cushman & Wakefield, added, “Congratulations to all the professional teams for once again demonstrating our spirit of progressiveness and customer- centric service. By adhering to our principles, we further strengthen our brand image and industry position. Looking ahead, we will continue to provide unparalleled professional services to our clients, leading the development of the real estate industry in Hong Kong.”

Photos:
Winner – Best Deal of the Year: Hong Kong Capital Markets team
Winner – Valuation Team of the Year: Hong Kong Valuation & Advisory Services team

Please click HERE to download high-resolution photos.
Hashtag: #Cushman&Wakefield

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit or follow us on LinkedIn ).

Asia Youth International Model United Nations to Tackle Global Issues in Bangkok

Asia Youth International Model United Nations to Tackle Global Issues in Bangkok
(photo supplied)

The Asia Youth International Model United Nations (AYIMUN) is set to return for its 15th edition in Bangkok, Thailand, from 1 to 4 November, bringing together around 700 young participants from 30 countries under the theme “Empowering Youth Diplomacy for Global Harmony.”

Lao Judo Championship Unites Lao, Thai Teams in Vientiane

13th Lao Judo Championship Unites Lao, Thai Teams in Vientiane
13th Judo competition all athletes

The 13th Lao Judo Championship drew a large audience in Vientiane last weekend, as athletes from Laos and Thailand participated in the competition at Vientiane’s Budo Center from 26-27 October. Lao athletes won a total of 84 medals, with 13 clubs fielding a combined 22 teams. This event marked a milestone for judo in Laos as the nation sets its sights on preparing athletes for the 33rd SEA Games in 2025.

Overall, Lao athletes secured 84 medals, while Thai athletes earned 49. The top five teams were Savannakhet Team A, Ippon Judo Club Team A, Institute of Sport Team A, Blue Tree Phuket Team A, and the Army Team,

The Savannakhet team also received three awards: Best Coach of the Year, Total Medals, and Best Athlete Award for the youth category–13-14 years old.

“I am very proud to receive the award for winning the overall score prize because, in the past, Savannakhet judo clubs have never won this prize before,” said Savannakhet coach Sansuen Vanjaleun

The coach also shared his ambitions for the competition, stating that he had set a target for nine gold medals and aimed for first place, goals that were ultimately exceeded.

 “I feel that everyone in the team is doing very well as athletes,” Sansuen said. “Their mental condition is strong, combined with training and preparation for a period of eight to nine months. Although most of the players in this team are new and young in terms of experience, they still strive to win and receive the award for fighting in Savannakhet province with pride.”

Meanwhile, in the team competition, Thailand’s Ippon Judo Club Team emerged as the champion, securing the gold medal. Another Thai team, the Royal Thai Police Team A, took home the silver, while the Institute of Sport Team and Royal Thai Police Team B both earned bronze medals.

The championship also featured a standard throwing forms competition, where athletes competed in two styles: male and female standard technique throwing forms. In the male standard throwing forms, the Lao Army team clinched the gold, with the Vientiane Judo Club taking silver and the Institute of Sport team winning bronze. 

In the female standard throwing forms, the gold went to Institute of Sport Team A from Laos, while Vientiane Judo Club received silver. Bronze medals were awarded to Institute of Sport Team B and Srisawat Wittayakarn Nan School.

The results of the 13th Lao Judo Championship will assist in selecting the nation’s top athletes, who will represent Laos at the 33rd SEA Games in 2025, hosted by Thailand. 

Lao Government Plans Salary Hike, Sectoral Staffing Increase for 2024

Lao Kip (Photo credit: Asia King Travel)

During its monthly meeting on 24 October, the Lao government announced 2025 plans to raise civil servant salaries, expand staffing quotas across various sectors, and address the issue of illegally imported vehicles.