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SleekFlow Secures US$7M With Atinum Investment to Propel Global Expansion & AI Tech Innovation


HONG KONG SAR – Media OutReach Newswire – 21 August 2024 – SleekFlow, the Singapore-based leading provider of Omnichannel Conversational AI Suite for customer engagement, announced today that it has secured US$7 million in a Series A+ funding round led by Atinum Investment, a South Korean-based venture capital firm. This round brings total funding to US$15 million.

[Back, left to right] Eric Mui (VP & General Manager), Heidi Leung (Global Head of Customer Success), Lewis Law (Head of Growth), Xenia Chu (Chief of Staff), Adrian So (Director of Product) [Front, left to right] Joy Liu (Global Head of Marketing), Henson Tsai (CEO & Founder), Gao Lei (Chief Technology Officer)
[Back, left to right] Eric Mui (VP & General Manager), Heidi Leung (Global Head of Customer Success), Lewis Law (Head of Growth), Xenia Chu (Chief of Staff), Adrian So (Director of Product) [Front, left to right] Joy Liu (Global Head of Marketing), Henson Tsai (CEO & Founder), Gao Lei (Chief Technology Officer)

This investment round also includes existing investors (AEF Greater Bay Area Fund, managed by Gobi Partners GBA and Transcend Capital Partners) and a new investor, Moses Tsang (Former General Partner of Goldman Sachs Group and Chairman of Goldman Sachs (Asia) LLC).

The new round of funding will accelerate SleekFlow’s global expansion plans, including Southeast Asia (SEA), the Middle East and Europe. Funds will also be invested in AI tech innovation (including analytics and building marketing workflows) and channel expansions (including Calls and Emails) to better serve its growing customer base worldwide.

Henson Tsai, Founder & CEO of SleekFlow said “Since the appointment of our Chief Technology Officer, Gao Lei, a Silicon Valley veteran, we have significantly increased our engineering efforts to be at the forefront of innovative tech and advanced AI. We are more ambitious than ever, with offerings underway for fully automated sales and support journeys in voice, calls, and emails, to deliver unparalleled value to our customers across industries like insurance, healthcare, telecom, service, and retail.”

SleekFlow is a Meta Verified Partner/WhatsApp BSP Select Tier. SleekFlow’s solutions extends across multiple industries and clientele, including Delonghi, Hilton Dubai, Loccitane, Shangri-la, Hong Kong Broadband Network, Cellini, Khind, TOTO, 7-11, Kimberly Clark, Awfully Chocolate and Audi.

Atinum Investment’s Regional Head of the Singapore Office and Director, Peter Na, added, “Being at the front of the rapidly expanding global customer engagement market, SleekFlow meets the evolving needs of enterprise customers. SleekFlow’s localized approaches have expanded it beyond Asia, entering new markets in the Middle East and South America. We are fully committed to supporting its ongoing global expansion and are excited for the opportunities ahead.”

Looking ahead, SleekFlow aims to secure its Series B Fundraising in the next 12 months to solidify its position as a leading global tech company.

For more information about SleekFlow, please visit https://sleekflow.io.
Hashtag: #SleekFlow

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

SleekFlow

SleekFlow is the Omnichannel Conversational AI Suite for customer engagement. The all-in-one SleekFlow platform creates seamless and personalized customer journeys across everyone’s go-to messaging channels, including WhatsApp, Instagram, live chat, and more. SleekFlow is dedicated to shaping the future of communication by empowering companies to center all their workflows around meaningful conversations.

Revolutionizing Robotics: Beijing Robint Technology’s Stellar Showcase at Thai Expo


KRUNG THEP MAHA NAKHON, THAILAND – Media OutReach Newswire – 21 August 2024 – at Food & Hospitality Thailand, Beijing Robint Technology captivated attendees with its cutting-edge advancements in commercial service robotics. The company’s booth became a hub of activity, drawing a substantial crowd eager to explore innovative robot solutions, leading to spontaneous partnerships right on the expo floor. Beijing Robint Technology has already impacted thousands of clients globally across various sectors with a diverse range of robots that include commercial cleaning robots, intelligent reception robots, intelligent delivery robots, and intelligent walking-aid robots. Operating under the philosophy of “AI for People,” Robint has established itself as a frontrunner in melding artificial intelligence with practical robotic applications.

Robint Unveils Future of Service Robotics

Commercial cleaning robot Integrating the functions of sweeping, scrubbing, pushing, and vacuuming into one robot to fulfill multi-dimensional and professional cleaning. Calmly dealing with various solid and liquid garbage. Integrating cleaning power with convenience, perform “0”-wall-spacing cleaning, powerful cleaning, no floor damage.

Robint Technology’s hotel intelligent distribution system features a range of products including s intelligent delivery robot, intelligent food delivery robot, automated elevator controls, and intelligent phone modules, designed to meet the diverse service needs of hotels and similar environments.

Intelligent Walking-Aid Robot honored 2021 Awards of World Industrial Design, Reddot Design Award / IF Design Award. It can navigate autonomously and lead with a person on board. The vehicle is equipped with a lidar and depth camera, which can automatically identify the environment, pedestrians and objects, and automatically avoid obstacles.

The robot receptionist designed for commercial purposes and features interactive experiences with a full range of functions optimized in services such as greeting visitors, guiding, dealing with inquiries, touring, advertising and patrolling. Moving smoothly, go around obstacles flexibly and speak like us to narrow the gap between human and machine.

Robint Technology Engages Global Partners at Thai Expo

Mr. Shi, COO of Robint Technology, expressed his excitement about the event, stating, “It’s a pleasure to bring our latest technological developments to Thailand. As pioneers in the commercial robotics field, we are enthusiastic about advancing into the AI era alongside our global clients and partners.” He and his team are welcoming guests at Booth G42 from 21st – 24th Aug, ready to foster deeper collaborations and share insights with fellow industry leaders. Visit Robint

Hashtag: #RobintTechnology

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

The Best of Laos: Must-Visit Spots According to Lonely Planet

Lao Tourism 2023 Highlights A Year of Recovery, Growth
FILE: Hot air balloons in Vang Vieng, Vientiane Province (photo: Asia Property Award)

Laos might not be the first name that comes to mind when planning a Southeast Asian adventure, but Lonely Planet’s latest roundup proves it’s a country brimming with hidden treasures.

Often overlooked, Laos offers a variety of natural landscapes, cultural experiences, and off-the-beaten-path destinations. From ancient archaeological sites to peaceful river journeys, Lonely Planet’s latest list of the top ten places to visit highlighted some of the best spots to explore across Laos. According to the tourism magazine:

1. Luang Namtha: Ideal for adventures and outdoor activities. The Nam Ha National Protected Area provides opportunities for trekking, kayaking, and cultural experiences with local ethnic groups.

2. Vang Vieng: Known for its natural landscapes, Vang Vieng is perfect for tubing along the river, rock climbing, or taking in the views from a hot air balloon.

3. Plain of Jars: This archaeological site in Xieng Khouang features hundreds of large stone jars scattered across a plateau. Their origin remains a mystery, making it a fascinating place for history buffs.

Xieng Khouang Province to Lease Plain of Jars to Boost Tourism
Plain of Jars in Xieng Khouang Province, Laos. (Photo: Remote Lands)

4. Phongsali: Located in northern Laos, Phongsali is a quiet, off-the-beaten-path destination. Here, tourists can enjoy mountain views and see traditional life among local ethnic groups. The area is also known for its tea plantations, making it a peaceful escape from more crowded spots.

5. Luang Prabang: A UNESCO World Heritage site known for its mix of traditional temples and colonial architecture.

6. The Mekong River: Tourists can experience local life and scenic views on a slow boat journey down the Mekong. The trip can be a relaxed way to see rural Laos and visit small riverside villages.

MRC Makes Strides to Promote Responsible Water Resources Management and Development
Mekong River in Laos’ Luang Prabang (photo: iStock)

7. Si Phan Don: Also known as the “Four Thousand Islands,” this area in southern Laos boasts a laid-back atmosphere and several local waterfalls.

8. Elephant Conservation Center: Located near Nam Tien Lake in Xayabouly Province, this center focuses on protecting Laos’ elephants. Visitors can learn about conservation efforts and observe the elephants in a natural setting.

Elephant Conservation Ongoing Priority for Wwf-Laos Following Devastating Deaths
Elephants in their natural habitat at the Elephant Conservation Center in Xayaboury. (Photo: ECC)

9. Nong Khiaw: A small town surrounded by mountains and the Nam Ou River. It’s a typical spot for hiking and kayaking while exploring local villages.

10. Vieng Xai: These caves, used as a refuge during the “Secret War,” offer a look into Laos’ wartime history. Touring the caves provides insight into this period and the challenges faced by those who lived there.

Lonely Planet’s list brings Laos into focus. Each listed location offers a unique experience, from adventure and relaxation to cultural discovery.

The National University of Singapore Postgraduate by Coursework Fair Returns in 2024, Offering a Wealth of Programmes and Expert Insights

The NUS Postgraduate by Coursework Fair 2024 showcases a diverse array of postgraduate coursework programmes featuring expert-led information sessions, interactive booths for in-person attendees, and exclusive incentives for prospective students.


SINGAPORE – Media OutReach Newswire – 21 August 2024 – The much-anticipated National University of Singapore Postgraduate by Coursework Fair 2024 (NUS PGCF 2024) returns, showcasing the various postgraduate programmes and opportunities offered by the University.

The National University of Singapore Postgraduate by Coursework Fair 2024 (NUS PGCF 2024) is back, and happening on 28 Sep 2024.
The National University of Singapore Postgraduate by Coursework Fair 2024 (NUS PGCF 2024) is back, and happening on 28 Sep 2024.

Scheduled to be held on 28th September at Marina Bay Sands, Singapore, the fair offers prospective students the flexibility of attending either in-person or virtually through our comprehensive event portal. As a hallmark event in the academic calendar, NUS PGCF 2024 provides a seamless experience for participants, ensuring they can explore a wealth of postgraduate opportunities regardless of their location.

The theme of NUS PGCF 2024, “Shaping Your Future,” encapsulates the transformative potential of postgraduate education at the National University of Singapore. This event is a clarion call to prospective students, encouraging them to take proactive steps towards realising their academic and career aspirations. At the heart of this theme is the belief that the decisions made today can profoundly influence one’s future. The fair provides an invaluable platform for those considering postgraduate education to delve into the diverse programmes available at NUS and gain first-hand insights from experts in various fields.

Shaping a Future Through Advanced Learning

The NUS PGCF 2024 promises an enriching day filled with rich academic opportunities and networking, featuring a series of information sessions and booths onsite hosted by participating schools, faculties, colleges and institutes, designed to provide comprehensive insights into the University’s offerings. Attendees can expect:

  • Information Sessions
    The fair will host 12 information sessions, each focusing on distinct areas of study and research. These sessions are led by distinguished faculty members and industry experts who will offer in-depth discussions on programme specifics, potential career paths, and the unique advantages of studying at NUS. For instance, Ms Faith Yong from NUS Business School will delve into its various Master of Science (MSc) programmes, detailing how these courses are designed to prepare students for a dynamic business environment. Special sessions also feature Mr Benjamin Tey from the School of Continuing and Lifelong Education (SCALE), who will be discussing multidisciplinary and interdisciplinary MSc programmes offered through SCALE. Attendees will have the opportunity to ask questions and receive real-time responses, making these sessions an invaluable resource for anyone considering postgraduate education.
  • Booths and Direct Engagement
    In addition to the information sessions, the fair will feature 12 booths representing various NUS Schools, Faculties, Colleges, and Institutes at the event. These booths provide a platform for in-person attendees to engage directly with programme consultants and faculty members, offering a personalised touch to the exploration of potential academic paths. This direct interaction allows prospective students to gain a deeper understanding of the curriculum, admissions processes, and the support available throughout their academic journey at NUS.

The fair will feature representatives from the following 13 NUS Schools/ Faculties/ Colleges/ Institutes:

  • College of Design and Engineering
  • Duke NUS Medical School
  • Faculty of Arts and Social Sciences
  • Faculty of Law
  • Lee Kuan Yew School of Public Policy
  • NUS Business School
  • NUS Graduate School
  • NUS-ISS
  • Risk Management Institute
  • Saw Swee Hock School of Public Health
  • School of Computing
  • School of Continuing and Lifelong Education
  • Yong Loo Lin School of Medicine

  • Exclusive Incentives and Lucky Draw
    Singapore Citizens and Singapore Permanent Residents can benefit from the recently announced 40% tuition fee rebate for more than 80 Master’s Degree programmes. In addition, attendees who provide feedback on the event stand a chance to win Amazon vouchers.

The fair allows for prospective postgraduate students to discover the full range of programmes offered at one of the world’s top universities to gain valuable insights and make meaningful connections that can help shape their academic and professional futures.

Event Details
NUS Postgraduate by Coursework Fair 2024
Date: 28 September 2024, Saturday
Time: 10:30am to 6:30pm
Venue: Marina Bay Sands, Singapore

To register, please visit: https://www.gevme.com/site/NUS-PGCF-2024
Hashtag: #NUS

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

National University of Singapore

National University of Singapore (NUS) is Asia’s leading global university, renowned for excellence in education, research, and innovation. Established in 1905, NUS offers a diverse range of programmes across disciplines, blending rigorous academic theory with practical application. Our inclusive community fosters a rich exchange of ideas, preparing students for global challenges. NUS is a hub for cutting-edge research, addressing key issues from health to sustainability. Committed to holistic education and social responsibility, we empower students to become well-rounded leaders who contribute meaningfully to society.

Interactive Gaming Company, INMERS, Reveals Managers Increasingly Turn to Escape Rooms for Team Building


SINGAPORE – Media OutReach Newswire – 21 August 2024 – Leading by fear has taken on an entirely new meaning in the age of immersive experiences and active gaming.

Introducing escape rooms, a game where participants attempt to break out of locked rooms by finding clues and solving puzzles. First originating in Japan in 2007, the concept has gained traction over the past decade—and now has over 50,000 rooms worldwide.

INMERS is one such provider of escape rooms in Singapore. Unlike conventional escape rooms, the newly opened interactive gaming facility integrates China’s advanced technology to distinguish its gameplay.

“Imagine guiding players through a virtual landscape where every step is an adventure, where agility, strategy and teamwork are the keys to triumph,” says Jia Wei, founder of INMERS. “What we offer isn’t just games, it’s a captivating digital phenomenon that’s redefining indoor entertainment.”

The idea of sharing a thrill sounds like an activity reserved for friends and family. But this view is changing, according to Jia Wei. More and more corporate brands are starting to explore escape rooms as a modern team building activity.

Records over the past 6 months show that 50% of escape room bookings were made to function team building events. Escape room sessions are popular not only because they are exhilarating, but also because they are short and intense—a package perfect for desk-bound workers at busy, thriving organisations.

“It’s a lot packed into a short duration. It’s an indoor sport that allows team members to play and management to observe them from a different perspective,” Jiawei, director of INMERS says. “It’s a win-win for everyone.”

More than fun and games, some out-of-the-box employers view escape rooms as an alternative means of discovering and honing leadership talent. Imperative to workplace success, both critical thinking and problem solving are just some skills that can be fostered through escape rooms.

These rooms are designed for up to eight players and balance leadership and collaborative opportunities. Moreover, the shared experience of embarking on an adventure and overcoming challenges together creates lasting memories.

Experts in the field believe that social bonding activities like this trigger the release of hormones linked to long-term memories. Interestingly, such emotions are also responsible for stronger group cohesion.

INMERS wastes no time in acting on these observations. Apart from the locked room experience, which includes captivating storylines, mind-boggling puzzles and carefully planted clues, the immersive “5D” escape room also employs theatrical elements such as non-player characters (NPCs) and proprietary special effects.

Their reservations peaked at an all-time high in end-2023 as corporate firms scrambled for unique team building events before the year came to a close. Asian horror-themed escape rooms, alongside their first-in-Singapore Floor is Lava room, are among hot-selling activities to celebrate organisational achievements and boost employee morale.

In response to the surge in demand, INMERS has announced franchise opportunities for all to be a part of this exciting revolution. The open invitation extends to businesses looking to pack maximum action into a minimal 100m2 space—whether it’s in shopping centres, entertainment complexes or others.

“Players sign up for a scary escape room, only to leave with a smile on their faces,” says Jia Wei. “There’s something paradoxical but fulfilling about being able to witness that.”

Hashtag: #inmersplay #floorislava #escaperoomsingapore




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

INMERS

INMERS is one of the newest interactive gaming facilities offering thematic 5D escape rooms with NPCs and binaural audio technology. Located in ORTO West Coast, the brand is also home to the first-ever laser Floor is Lava experience in Singapore. Participate in adrenaline-pumping activities that blur the line between fantasy and reality at INMERS, where fun is made for friends, family, colleagues and more.

Music injects vitality to Guanshanhu District, southwest China’s Guizhou Province


GUIYANG, CHINA – Media OutReach Newswire – 20 August 2024 – Guanshanhu is a modern urban area in the capital city of Guiyang, southwest China’s Guizhou Province. It integrates ecology, culture and economy, and boasts rich tourism resources and powerful urban functions.

Music Festival held in Guanshanhu District, Guiyang city, Guizhou Province, China
Music Festival held in Guanshanhu District, Guiyang city, Guizhou Province, China

In recent years, Guanshanhu, one of the core urban districts of Guiyang, has been committed to injecting new vitality to its development, with music as its IP to improve openness, vitality, and the market activity level. British Vlogger Jason Lightfoot expressed his excitement on YouTube after taking a tour to China’s Guanshanhu District. “There’s just music, art, culture all over the city, everywhere you look!”. As well as the festival’s music and artists, Lightfoot praised the cities pubic transport and infrastructure saying in the video that “it’s just on another level”.

“In Guiyang, I went to the concerts of my favourite singers Zhou Shen and JJ, attended the music festival that invited foreign singers like Faouzia Ouihya and Ari Abdul, as well as Chinese singers like Chen Chusheng, Xu Wei, Wang Sulong, Wei Chen, Ma Siwei…… All of my favourite singers have come to Guiyang. I gained a lot in Guiyang,” said a tourist Xiaotian on the popular social media platform Douyin.

Another tourist left a message under Xiaotian’s post, “Come to Guanshanhu, where there are more interesting entertainment activities.”

During Lightfoot’s trip to Guanshanhu, he enjoyed the music, the festival and watching different artists, having a good time there. Besides, he took the subway to hang around and visited a market. “China’s public transport and infrastructure is just on another level,” he said in the video.

With music as its core, Guanshanhu is aimed at using its own resources of famous music festivals and well-known singers’ performance, to boost music plus economy. Taking seasonal changes and traditional festivals into consideration, it invites bar bands, street performers and music enthusiasts into the flower fields, the parks and the roadside. The district held concerts on different spaces and with different topics, with natural stages and humanistic arts, Guanshanhu resorts to music to light up a beautiful life and a more artistic city.

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

Beijing E-Town Accelerates the Construction of a National Robotics Industry Innovation Hub

BEIJING, CHINA – Media OutReach Newswire – 20 August 2024 – Recently, at the press conference for the 2024 World Robot Conference (WRC 2024), it was announced that Beijing Economic-Technological Development Area (BDA or Beijing E-Town) will focus on key segments of the industrial chain, intensify efforts in tackling critical technologies, implement 50 demonstration projects for application scenarios, launch a series of “Robotics+” application demonstrations, expand typical application scenarios, and accelerate the construction of a national robotics industry innovation hub.

“Technological breakthroughs are the driving force of industrial development,” said Wang Lei, a member of the Party Working Committee and Deputy Director of the Administrative Committee of BDA. Beijing E-Town is committed to supporting critical technological advancements, focusing on key segments of the robotics industry chain. It supports eco-friendly enterprises in collaborating with universities and research institutes to establish common technology platforms, enhancing the platforms’ capabilities in common technology research and application services. Additionally, Beijing E-Town supports upstream and downstream enterprises in the industrial chain in jointly tackling product challenges and building production lines, fostering simultaneous growth in various types of robots, including those for healthcare, special purposes, and logistics.

Particularly in the field of humanoid robots, E-Town is leveraging the leadership role of the “One Center”—the Embodied Intelligence Robotics Innovation Center—to establish a high-level innovation center. This center is supported in its collaboration with major research institutions and upstream and downstream enterprises in the industry chain, driving key technological breakthroughs in areas such as humanoid robot prototypes, general-purpose humanoid robot models, motion control systems, toolchains, open-source operating systems, and developer communities. In April of this year, the center released “Tiangong,” a self-developed general-purpose humanoid robot platform, and achieved the world’s first anthropomorphic running by a full-size, all-electric humanoid robot.

Wang Lei further explained that E-Town is focusing on expanding typical application scenarios, enabling the orderly deployment of robots across various industries and fields. It will implement 50 demonstration projects for application scenarios, launch a series of “Robotics+” application demonstrations, and accelerate the formation of iconic scenarios, services, models, and formats. This will drive the specific demonstration and application of robots in intelligent manufacturing, education, training, healthcare, elderly care, and safety emergency response scenarios.

Previously, E-Town released a plan to build a city-wide artificial intelligence hub, according to which it will launch the construction of ten benchmark application scenarios including “AI + Healthcare,” “AI + Transportation,” and “AI + Humanoid Robots,” and promote the incubation, city-wide application, and comprehensive empowerment of AI technologies.

Moreover, E-Town will also focus on promoting industrial clustering and strengthening the guarantee of key elements. “We are elevating the level of ‘One Park’ by leveraging the 250,000-square-meter E-Town Robotics Industrial Park to host key projects in the robotics field, attracting upstream and downstream ‘Robotics+’ enterprises to settle,” Wang Lei said. Additionally, E-Town will activate the roles of “One Fund,” “One Group of Platforms,” and “One Cluster of Talents,” such as establishing a 10-billion-yuan government-guided investment fund to support the continued development of robotics enterprises. The BDA will also establish high-level innovation platforms, and fully utilize urban renewal spaces and vacant industrial land to create a robotics industry expansion zone and meet the needs of large-scale production. Furthermore, E-Town will cultivate high-level industry talents, support leading robotics enterprises in enhancing industry-education integration, and enhance the training of highly skilled robotics talents.

Through a series of strategic deployments, E-Town is now home to over a hundred robotics ecosystem enterprises, half of which are specialized and innovative enterprises. It has attracted leading humanoid robot companies such as Ubtech and key robotics component companies like SMC, with a production scale nearing 10 billion yuan, accounting for about half of the city’s robotics industry. This has essentially formed a full robotics industry chain covering chips, operating systems, core components, complete machines, and application scenarios. “We will accelerate the construction of a domestically leading and internationally advanced robotics industry cluster, creating a ‘Beijing model’ for the innovation and development of the robotics industry,” Wang Lei stated.

Hashtag: #BeijingE-Town

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

Avenir Group Becomes Top Institutional Holder of Two Major Bitcoin ETFs in Asia Bitcoin ETF Holdings Totaled US$384 Million in Q2


HONG KONG SAR – Media OutReach Newswire – 20 August 2024 – Avenir Group, a global institutional family office focused on multi-strategy investment trading powered by financial technology (FinTech), has become the largest institutional holder of two major Bitcoin exchange traded-funds (ETFs) in Asia in the second quarter (Q2) of 2024. According to its 13-F filing with the U.S. Securities and Exchange Commission (SEC) on 2 August this year, Avenir Group’s cumulative investment in two Bitcoin ETFs amounted to approximately US$384 million, demonstrating its extensive and dedicated investment in emerging technologies, as well as its expertise and strong deployment in the crypto asset space.

Avenir Group Becomes Top Institutional Holder of Two Major Bitcoin ETFs in Asia Bitcoin ETF Holdings Totaled US$384 Million in Q2

According to the data released, Avenir Group holds a total of 3.847 million shares of the Fidelity Wise Origin Bitcoin Fund (FBTC), with an approximate market value of US$202 million, as well as 5.319 million shares of the BlackRock’s iShares Bitcoin Trust (IBIT), with an approximate market value of US$182 million.

Jason Lan, Chief Executive Officer of Avenir Crypto Business, commented, “We are optimistic about the long-term prospects of bitcoin and other crypto assets. As the U.S. enters a rate-cutting cycle and regulatory frameworks become clearer, it is expected that mainstream institutions will increase their presence in the crypto asset space, attracting more investors to enter the market quickly and share the benefits of its growth. This will further deepen the integration of blockchain with the traditional financial system. Avenir Group will continue to improve its risk management of crypto asset investments and expand the depth and breadth of its investment products through continuous investment and research, so as to better tap into and expand overseas markets and go global.”

Founded by Mr. Li Lin in 2023, Avenir Group is a pioneering institutional family office and investment management group dedicated to building an innovative, diversified and robust investment platform and ecosystem. Through the integration of financial technology, technology-driven investment methodologies in today’s digital assets and traditional financial systems, Avenir Group envisions to empower the industry by providing and developing more accurate investment strategies and better risk management capabilities. Avenir Group makes multi-strategy investments in the global marketplace, including public market investments, private equity and venture capital investments, in the traditional financial and digital asset sector. Avenir Group strives to maintain a leading position in the industry with deep insights and excellence in the Web3 and crypto asset space.

Public data from 13-F filings by major institutions reveal a growing enthusiasm for Bitcoin ETFs among mainstream financial institutions and pension funds in Q2. According to industry analysis, Bitcoin ETFs saw a 27% jump in acceptance by institutional investors in Q2 of 2024, bringing the total number of professional bodies holding these ETFs to more than 1,000. Goldman Sachs and Morgan Stanley together purchased over US$600 million of spot bitcoin ETFs in Q2, while pension funds also accelerated their participation, with the State of Michigan Retirement System purchasing US$6.6 million of spot bitcoin ETFs in Q2. Furthermore, a significant number of advisory firms, family offices, and select institutional investors are joining the race. The continued increase in Bitcoin ETF holdings by mainstream financial institutions and pension funds reflects the further integration of the emerging digital asset market with the traditional financial market, which will have a profound impact on the long-term development of the Bitcoin and other cryptocurrency market. Avenir Group is capitalizing on these new market opportunities by leveraging its investment expertise in blending the new with the traditional.

Hashtag: #AvenirGroup

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

About Avenir Group

Founded by Mr. Li Lin and inspired by the French word for “a better future,” Avenir Group is a pioneering institutional family office and investment management group dedicated to investing in emerging technologies through the financial technology innovation. With a global footprint in the United States, the United Kingdom, Japan, Singapore and Hong Kong, Avenir Group engages in an extensive range of multi-asset class, multi-strategy investments, including cryptocurrency trading, quantitative trading, public market investments, private equity, and venture capital in both traditional financial and digital asset sectors. Avenir Group strives to maintain a leading position in the industry with deep insights and excellence in the Web3 and crypto asset space.