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China’s Leading Wine Producing Region to Host International Wine Expo in August


YINCHUAN, CHINA – Media OutReach Newswire – 12 July 2024 – International experts and enterprises involved in the wine industry are set to gather in northwest China’s Ningxia Hui Autonomous Region, China’s leading wine-producing area, for an expo in August.

This photo taken on July 11, 2024 shows a press conference of the Fourth China (Ningxia) International Wine Culture and Tourism Expo in Yinchuan, northwest China's Ningxia Hui Autonomous Region.
This photo taken on July 11, 2024 shows a press conference of the Fourth China (Ningxia) International Wine Culture and Tourism Expo in Yinchuan, northwest China’s Ningxia Hui Autonomous Region.

The Fourth China (Ningxia) International Wine Culture and Tourism Expo will be hosted by the regional government from Aug. 9 to 11 in Yinchuan, Ningxia’s capital, according to the organizer on Thursday.

The expo, with the theme “Chinese wine, A Marvel to the World — Good Wine Originates from Unique Terroir,” will invite experts and enterprises in the wine-making industry from both home and abroad, as well as officials and representatives of embassies, ministries and international organizations.

More than 60 wineries and exhibitors from countries including France, Australia, Italy, Spain and Chile will attend the three-day expo, which will feature a wine carnival, competitions and other events.

Huang Siming, director of the management committee of a wine industrial park at the eastern foot of Helan Mountain, told Xinhua that Ningxia has since 2012 hosted nine editions of the International Wine Expo at Helan Mountains’ Eastern Foot and three editions of the International Wine Culture and Tourism Expo.

“The upgrade of the wine expo makes a bigger circle of friends for Ningxia, and helps the region expand its market, share the opportunities and achieve win-win deals with friends through cooperation,” said Huang.

Ningxia boasts a unique terroir for making top-class wine, with its prolonged sunshine and a cool, dry climate aiding the cultivation of grapes.

A grape plantation at the eastern foot of Helan Mountain in Ningxia
A grape plantation at the eastern foot of Helan Mountain in Ningxia

After more than 40 years of development, Ningxia has emerged as China’s largest wine-producing region. It boasts 602,000 mu (about 40,133 hectares) of grape plantations and 253 wineries and grape-growing enterprises that produced 140 million bottles of wine in 2023.

Hashtag: #AdministrativeCommitteeofWineIndustryZoneofNingxiaHelanMountainsEastFoothill

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

Feast of Eyes and Palate: Culinary Titans Lam Chan Kuok and Li Xiaolin Together Unveil the Master Chef Extravaganza

Reclaiming Timeless Flavors: Gourmet Delights Exclusively at Galaxy Macau Tam Chai Yu Chun


MACAU SAR – Media OutReach Newswire – 12 July 2024 – Galaxy Macau™ integrated resort is wholeheartedly supporting the Macao SAR Government’s efforts to solidify Macau’s reputation as a UNESCO Creative City of Gastronomy. With genuine enthusiasm, it invites world-renowned chefs to showcase their culinary prowess, offering visitors a rich and authentic dining journey. As the summer season begins, Galaxy Macau Tam Chai Yu Chun proudly presents the Master Chef Extravaganza: “South Meets North” Pinnacle Gala Dinner, a joint masterpiece menu by two award-winning chefs — Li Xiaolin, second-generation heir of the century-old Family Li Imperial Cuisine, and Lam Chan Kuok, recipient of the Macao SAR Government’s Medal of Merit for Tourism on July 11. This is the first collaboration between the two Master Chefs that embodies the essence of culinary cultures from both regions, exemplifying Galaxy Macau’s commitment to bringing visitors the most authentic flavors from around the world with unparalleled craftsmanship.

(From left to right) Executive Manager of Galaxy Macau Tam Chai Yu Chun Eric Lai, Vice President, Chinese Culinary, Galaxy Macau Tam Kwok Sing, Master Chef Li Xiaolin, the Chairman of Macau Cuisine Association, Sunny Ip, Master Chef Lam Chan Kuok and Assistant of Senior Vice President of F&B, Galaxy Macau Mr. Ben Man took a group photo at the kick-off ceremony.
(From left to right) Executive Manager of Galaxy Macau Tam Chai Yu Chun Eric Lai, Vice President, Chinese Culinary, Galaxy Macau Tam Kwok Sing, Master Chef Li Xiaolin, the Chairman of Macau Cuisine Association, Sunny Ip, Master Chef Lam Chan Kuok and Assistant of Senior Vice President of F&B, Galaxy Macau Mr. Ben Man took a group photo at the kick-off ceremony.

When it comes to Cantonese cuisine, one cannot overlook the esteemed Master Chef Lam Chan Kuok, who boasts a remarkable half a century of culinary expertise. In 2014, Chef Lam was awarded the Chinese Master Chefs Lifetime Achievement Award, underscoring his mastery of the art. Cantonese cuisine upholds the principle of ” meticulous approach to cooking and commitment to sourcing the finest seasonal ingredients. ” Blending the best of various culinary traditions while adhering to the essence of eating in season. Master Lam has refined this philosophy to perfection.

Senior Vice President of F&B, Galaxy Macau Mr. Ben Man delivered welcome speech on the event and expressed the concept of craftsmanship at Galaxy Macau.
Senior Vice President of F&B, Galaxy Macau Mr. Ben Man delivered welcome speech on the event and expressed the concept of craftsmanship at Galaxy Macau.

Meanwhile, Family Li Imperial Cuisine, adored by celebrities and leaders across the globe, boasts exquisite cooking techniques steeped in profound cultural heritage. The founder, Master Chef Li Shanlin, can trace his root to Li Shunqing, Lord Secretary to the Qing Imperial family that oversaw the imperial kitchen. This lineage has allowed Family Li Imperial Cuisine to integrate the finest elements of Imperial Court cuisine and traditional Beijing delicacies, adhering strictly to the principles of “meticulous care, superior ingredients, and precise craftsmanship” . As Li Shanlin’s sole heir, Master Li Xiaolin has further elevated the reputation of Family Li Imperial Cuisine, garnering not only a Michelin two-star rating but also the prestigious Asia’s 50 Best Restaurants Lifetime Achievement Award, shining as the proud successor to the royal culinary traditions of the Qing dynasty.

Master Lam pointed out that a century-old local store of shrimp paste was the secret of making
Master Lam pointed out that a century-old local store of shrimp paste was the secret of making “Braised Chicken and Fish Maw with Shrimp Paste”.

Among the lavish menu, a parade of renowned northern and southern dishes captivated guests’ palates. A standout was the “Beijing Style” Lobster, a classic from the prestigious Family Li Imperial Cuisine. Made with a whopping 5.5-pound Australian lobster, lotus root, wood ear mushrooms, cucumbers, and Beijing scallions, this culinary masterpiece epitomizes the pinnacle of freshness and flavor, leveraging imperial cooking techniques. The “Steamed Pork Belly with Cabbage”, a long-cherished delicacy reserved for royalty, underwent a complex and lengthy preparation. The pork, carefully chosen to be perfectly balanced in fat and lean, weighed an impressive 110 pounds. After nearly 10 hours of boiling, roasting, and steaming, this culinary masterpiece satisfied the palates of Qing dynasty emperors.

Master Li stated that the
Master Li stated that the “Steamed Pork Belly with Cabbage,” a long-cherished delicacy reserved for royalty, underwent a complex and lengthy preparation.

From the south, the “Braised Chicken and Fish Maw with Shrimp Paste” by Master Lam stole the show. This exquisite creation used shrimp paste handcrafted by a century-old local store to introduce a complex umami flavor, braised with delicate Taishan Red Lip Fish Maw and a 200-day-old castrated chicken. elevating the succulent chicken and treasured fish maw to sensational heights. Meanwhile, the “Steamed Marble Goby” featuring a rare 5-pound wild goby prepared in the esteemed “Qilin” style, was a testament to authenticity. Steamed with ginger, ham, and mushroom slices, the fish retained its pure flavors while adding an extra layer of freshness.

The exquisite meal featured an array of exquisite starters, including the delicate “Pigeon”, the savory “Razor Clam,” and the tangy “Cherry Radish”. From the south, a renowned soup, “Double-boiled Australian Abalone with Red Mushrooms & Tangerine Peel”, warmed guests’ hearts and palates. The “Steamed Fried Rice with Shrimps in Lotus Leaves”, a local specialty crafted with locally sourced shrimps and abalone sauce, was another highlight. For dessert, there was the remarkable “Egg Pudding” that Empress Dowager Cixi loved— a dessert that does not stick to chopsticks, bowls, or lips — as well as the nourishing “Bird’s Nest and Lotus Seed Sweeten Soup” made with rice from the West of Beijing, which the rice variety was cultivated by Emperor Kangxi himself in the imperial fields and the renowned “Eight Treasure Cake”, a nourishing cake enjoyed by Emperor Qianlong to accompany his tea, hailed as the premier health-promoting pastry with a history spanning millennia. The table was adorned with a selection of classic dishes that delighted guests from all corners of China. The gala dinner attracted a distinguished gathering of guests, including renowned foodies and gourmet experts from both mainland China and Macau. Two culinary masters, representing the northern and southern culinary traditions, personally shared the origins and cooking techniques behind these classic dishes, adding to the festive and lively atmosphere.

To preserve and celebrate the rich cultural heritage of the classic northern and southern Chinese cuisines, Galaxy Macau Tam Chai Yu Chun has specially selected four renowned dishes from each tradition: “Beijing Style” Lobster”, “Braised Chicken and Fish Maw with Shrimp Paste”, “Steamed Pork Belly with Cabbage” and “Steamed Rice with Shrimp in Lotus Leaf Wrap”. These dishes will be available exclusively from July 13 to 31, inviting diners to savor the exquisite craftsmanship of two master chefs. The intricate preparations of these dishes, embodying the delicate balance of strength and finesse that characterizes both northern and southern culinary arts, demonstrate their vast diversity and intricate techniques. Through this joint promotion of these classic northern and southern dishes, Galaxy Macau aims to highlight the traditional Chinese food culture and present a harmonious fusion of the two culinary styles, showcasing their interdependence and mutual enhancement.

As a renowned local seafood specialist with 30 years of history, Tam Chai Yu Chun has a firm place in the hearts of Macau locals, as well as numerous visitors. With the opening of Galaxy Macau Tam Chai Yu Chun, the popular restaurant brings its authentic local flavors to a world-class luxury integrated resort for the very first time.

Hashtag: #GalaxyMacau

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

About Galaxy Macau Integrated Resort

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million square meters of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide around 5,000 rooms, suites and villas. They include Andaz Macau, Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, Raffles at Galaxy Macau, The Ritz-Carlton, Macau, Broadway Hotel. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575 meters, the largest Skytop Wave Pool with waves up to 1.5 meters high and 150-meter pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz-Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000 square meters, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services.; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavors & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 different Authentic Macau & Asian Flavors at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.

Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000 sqm of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit , and .

Studio City home to UNESCO architecture and design award’s most beautiful hotels in the world

Joining City of Dreams as Melco’s second IR honored by Prix Versailles


MACAU SAR – Media OutReach Newswire – 12 July 2024 – Melco Resorts & Entertainment’s Studio City is home to one of the World’s Most Beautiful Hotels according to UNESCO’s World Architecture & Design Award, the Prix Versailles. Awarded to W Macau – Studio City located at the cinematically themed resort Studio City, the property joins City of Dreams to become Melco’s second integrated resort to garner the accolade. W Macau – Studio City is among 16 recently opened or reopened hotels that have left an extraordinary imprint, according to Prix Versailles.

Studio City
Studio City

Opened in September 2023, W Macau – Studio City is housed in the newly added USD 1.2 billion complex of Studio City designed by the renowned international architecture firm Zaha Hadid Architects (ZHA). The development by Melco further complements Studio City’s existing offerings and features a modern interpretation of the rich detailing, bold geometries and craftsmanship of the Art Deco period. The project further demonstrates the Company’s pledge to supporting Macau’s sustainable growth as a world center for leisure and tourism.

Mr. Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment, said, “We are honored and humbled to receive the esteemed Prix Versailles by UNESCO for the third time since 2019. The prizes underline Melco’s dedication to creating iconic and culturally significant landmarks – showcasing our commitment to Macau and the Greater Bay Area’s sustainable development. Thank you to the Prix Versailles for the honor, and congratulations to the W, ZHA and Studio City teams on the wonderful achievement. We will continue to strive to position ourselves as a global premium brand and to raise the bar in luxury hospitality by offering the best in innovative and world-class offerings.”

Jérôme Gouadain, Secretary General of the Prix Versailles, said, “Through their architecture and their design, the World’s Most Beautiful Hotels elevate the links between culture and tourism. On the one hand, culture provides finesse, elegance, updates to ancient techniques and diverse shapes, forms, textures and colors, not to mention curiosity, which is the hallmark of a destination. On the other, tourism showcases cultural assets, encourages visitors to discover new people and places, and brings knowledge to life. The World’s Most Beautiful Hotels are ambassadors for intelligent, sustainable tourism rooted in culture.”

Presented each year at UNESCO since 2015 and focused on recognizing exceptional architecture and intelligent sustainability, the Prix Versailles is a series of architectural competitions that shine light on the finest contemporary projects around the world. The Official List is aligned with Prix Versailles‘ awarding principles – paying tribute to innovation, creativity, reflections of local heritage, ecological efficiency and the values of social interaction and participation – all of which the United Nations holds in high regard.

In 2019, City of Dream’s Morpheus became the first hotel in Macau to win a Prix Versailles regional award in the Hotels, Central and Northeast Asia category. Last year, Morpheus was recognized as one of the World’s Most Beautiful Hotels by Prix Versailles. W Macau – Studio City‘s latest achievement is the third time for Melco to receive the coveted worldwide architecture and design award accolade from UNESCO.

Hashtag: #melco #studiocity #wmacau #prixversailles #worldsmostbeautifulhotels





Wechat: 新濠博亚娱乐

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

About Melco Resorts & Entertainment Limited

Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus (). The Company also continues to operate three satellite casinos in other cities in Cyprus (the “Cyprus Casinos”). For more information about the Company, please visit .

Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

Vientiane Capital to Tackle Persistent Flooding Issues

Vientiane Capital to Tackle Persistent Flooding Issues
Floods in Xaylom village, Chanthabouly district, Vientiane Capital (photo: Lao Youth Radio)

In response to the persistent flooding in Vientiane Capital during the yearly rainy season, local authorities have begun to implement comprehensive measures to mitigate the damages. 

Beyond the VF 8: Decoding VinFast’s European Electric Vehicle Strategy


HANOI, VIETNAM – Media OutReach Newswire – 12 July 2024 – VinFast is entering the European market with a strategic approach. The company’s C-segment VF 8 SUV prioritizes customer experience with a market-leading warranty, user-friendly technology features and advanced safety systems, combined with an expanding after-sales network. This strategic approach leverages VinFast’s diverse portfolio of SUVs, a category experiencing surging demand in Europe. The VF 8 itself stands as a testament to VinFast’s production capabilities and unwavering commitment to exceptional service.

Caption

For the first time ever, sport utility vehicles, or SUVs, cruised past a major sales milestone in Europe in 2023, claiming more than half of all new car sales, according to industry data.

Fueled by consumer demand, SUV sales surged 23 percent in the first half of the year compared to the same period in 2022, reaching 3.37 million units, Automotive News Europe reported. This translated to a commanding 51 percent market share, a significant jump from 48 percent just a year prior.

The popularity of SUVs even outpaced the overall growth of the European auto market, which saw a 17 percent increase during the same period. This trend suggests a sustained appetite for these vehicles, often seen as the heirs to the traditional four-wheel-drive models, with their imposing forms navigating both cityscapes and countryside alike.

Larger and roomier than their sedan counterparts, SUVs are typically built on the same platform but offer increased height and bulk. This formula has proven successful, attracting a growing base of European car buyers.

Recognizing the growing European appetite for SUVs, Vietnamese Nasdaq-listed electric carmaker VinFast, has built a comprehensive portfolio of sport utility vehicles. Spanning the A-SUV to E-SUV segments, VinFast’s offerings cater to a wide range of driver needs.

To compete in the European market, VinFast is leading with the VF 8, a C-segment SUV. This strategic introduction will be followed by the launch of the smaller VF 6, a B-segment model. The VF 8 signifies a significant milestone for Vietnam’s auto industry, showcasing Vingroup’s manufacturing prowess and VinFast’s commitment to excellence.

European consumers can expect the VF 8 to be a compelling proposition. The car is designed to impress with its stylish aesthetics, exhilarating electric performance, and a suite of cutting-edge technologies that prioritize safety. VinFast further aims to exceed expectations with a market-leading warranty, ensuring a peace-of-mind ownership experience.

The Manufacturing Capability Behind VinFast’s VF 8

Established six years ago on reclaimed land near Cat Hai, VinFast’s 335-hectare factory embodies the nation’s ambition to become a major player in the electric vehicle space. The VF 8 itself stands as a testament to this ambition, combining Vietnamese manufacturing prowess with global expertise.

VinFast strategically partnered with Pininfarina, the legendary Italian design house responsible for iconic vehicles from Ferrari to Peugeot. This collaboration imbues the VF 8 with a touch of luxury, placing it firmly in competition with established luxury car brands.

The design itself avoids fleeting trends, striking a balance between modern elegance and timeless appeal. VinFast’s “Dynamic Balance” design language shapes the VF 8, resulting in a forward-looking aesthetic. The exterior features a harmonious interplay of curves and sharp cuts, creating a visually striking and well-balanced whole.

This design philosophy extends beyond aesthetics, prioritizing stability and functionality. A central balance element ensures all design details work together cohesively, promoting a lower center of gravity for improved handling. This approach offers a range of practical benefits, including minimized noise during operation, potentially extended battery life, and a smoother driving experience.

Furthermore, the VF 8 leverages a modern design language optimized for aerodynamics, reducing energy consumption and enhancing overall efficiency.

The VF 8’s interior is designed to match the exterior’s elegance. It seamlessly blends high-end aesthetics, meticulous craftsmanship, and modern features, creating a technological yet relaxing space. Heated and cooled seats provide comfort, while a large, high-resolution center screen offers intuitive control for both driver and passengers.

Electricians have praised the VF 8’s interior quality, comparable to European standards. High-quality materials, including soft yet firm leather, and excellent finishing touches are evident throughout the cabin.

Spaciousness is another highlight, offering ample legroom and headroom for passengers in all seats. Additionally, a unique Head-up Display (HUD) projected onto the windshield allows drivers to easily monitor key information without taking their eyes off the road.

The VF 8 comes in two variants, the Eco and the Plus, catering to different driving preferences. The Eco offers a powerful electric motor with a maximum output of 260 kW and 500 Nm of torque. The Plus takes performance a step further with a 300 kW motor and an impressive 620 Nm of torque, accelerating from 0 to 100 km/h in a mere 5.5 seconds.

Building Trust in Europe: VinFast’s Long-Term Strategy

Furthermore, the VF 8 is equipped with an advanced driving assistance system (ADAS) featuring advanced functionalities like highway driving assistance, automatic lane changing, and smart parking assistance. This system will receive continuous updates and enhancements to provide customers with the safest and most optimal driving experience.

The VF 8’s robust safety features have garnered recognition from prestigious safety organizations. Euro NCAP, a rigorous testing program relied upon by manufacturers and drivers alike, awarded the VF 8 a 4-star safety rating, narrowly missing a 5-star designation by a mere 4%.

The VF 8 excelled in child occupant protection during both frontal and side impact tests, with child mannequins demonstrating exceptional protection across critical body areas. This achievement is reflected in the car’s outstanding 89% score for child occupant protection in its Euro NCAP debut. This category score ranks among the best tested by the independent assessment program throughout 2023, underlining VinFast’s commitment to developing vehicles with top-tier safety standards. As a result, the VF 8 emerges as an ideal choice for families seeking a secure and comfortable driving experience for their children.

The first car model introduced by VinFast on the international stage became the main character at the ASEAN NCAP Grand Prix Awards on the evening of May 28, 2024 in Bangkok (Thailand), when it was consecutively honored with 5 awards. important: “Best Child Protection”, “Best Safety Assistance”, “Best Motorcyclist Safety”, “Best Car” and “Best SUV”.

Organized biannually by the Southeast Asia New Car Assessment Program (ASEAN NCAP), these awards recognize excellence in the auto industry. This year, the VF 8’s outstanding safety equipment impressed the experts.

Adding to the peace of mind ownership experience, VinFast offers a comprehensive warranty package – 10 years or 200,000 kilometers for the powertrain and 10 years with unlimited mileage for the battery. This commitment to customer satisfaction extends to Europe. Through partnerships with Bosch and Mobivia, VinFast ensures convenient charging access with Bosch’s 700,000 charging ports across 30 European countries, and reliable after-sales service through Mobivia’s 1,200 service workshops in France and Germany.

To ensure comprehensive support for European drivers, VinFast offers a market-leading warranty, customer-focused technology features, and is actively expanding its after-sales network, demonstrating its long-term commitment to the region./.

Hashtag: #VinFast

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

Vietnam President To Lam Visits Laos, Strengthening 62-Year Cooperation with New Agreements, Initiatives

President of Laos, Thongloun Sisoulith (Right) welcomed President of Vietnam, To Lam (left). (Photo: Lao National Radio)

President of Vietnam, To Lam, visited Laos on 11-12 July, receiving a warm welcome from President of Laos, Thongloun Sisoulith.

Results of the ixCrypto Index Series Quarterly Review (2024 Q2) & IX Digital Asset Industry Index Series Half Yearly Review (2024 1H)


HONG KONG SAR – Media OutReach Newswire – 12 July 2024 – Today, IX Asia Indexes announced the 2024 2nd quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 19th July, 2024 (Friday). The results of the constituent review and exchange review are as follows:

1. Constituent Review – ixCrypto Index Series

1.1 ixCrypto Index (“IXCI”)
The number of constituents will increase to 25 constituents with 4 additions and 2 deletions.

Addition

  1. Pepe
  2. Render
  3. Hedera
  4. Mantle

Deletion

  1. Stellar
  2. Filecoin

After the change, the free float adjusted market capitalization coverage is 81.82%*, while the 90-day-average volume is 72.44%* (excluding stable coin which has 6.35% of the total crypto universe). The constituents change above and recapping at 40% will be effective on 19 July 2024 (Friday).

Since the last review, there has been an increase in the crypto total market capitalization from USD2.03tn to 2.42tn (+19.21%)#, and a decrease in the daily volume from USD89bn to 79bn (-11.23%)#. Bitcoin remains as the largest crypto in the constituent list, with its price has dropped by 12.74% since the last review.

1.2. ixCrypto Portfolio Indexes
The following constituent changes will be made to ixCrypto 5 EW Index (“IXEW5”) and ixCrypto 5 SR Index (“IXSR5”).

Addition

  1. Dogecoin

Deletion

  1. Cardano

The following constituent changes will be made to ixCrypto 10 EW Index (“IXEW10”) and ixCrypto 10 SR Index (“IXSR10”).

Addition

  1. Toncoin
  2. Shiba Inu

Deletion

  1. Polkadot
  2. Chainlink


The following constituent changes will be made to ixCrypto Altcoin 10 EW Index (“IXAEW10”) and ixCrypto Altcoin 10 SR Index (“IXASR10”).

Addition

  1. Toncoin
  2. Shiba Inu

Deletion

  1. Chainlink
  2. Polygon

1.3. ixCrypto BTC/ETH Indexes
There has been no constituent change to ixCrypto BTC/ETH 5050 Index (“IX5050”) and ixCrypto BTC/ETH Proportional Index (“IXPI”) since their launch on 9th May 2024

2. Constituent Review- IX Digital Asset Industry Index Series

2.1 ixCrypto Stablecoin Index
The number of constituent will increase to 4 with 1 addition and no deletion. Stable coin comprises 6.35% of the total crypto universe, and ixCrypto Stablecoin Index covers around 99.06% of the 90-day average market capitalization in stablecoin universe.

Addition

  1. First Digital USD

Deletion
No deletion

2.2 ixCrypto Infrastructure Index
The number of constituents will remain unchanged as 21 constituents, with 2 additions and 2 deletions

Addition

  1. Toncoin
  2. VeChain

Deletion

  1. Quant
  2. Algorand

3. Exchange Review
As a result of exchange review, the selected 10 exchanges to generate each of the fair average prices for the constituents are as follows:

Selected Exchanges

  1. Binance
  2. Upbit
  3. OKX
  4. Coinbase Exchange
  5. HTX
  6. DigiFinex
  7. Gate.io
  8. BitMart
  9. Bitget (NEW)
  10. P2B

For more details about our exchange selection criteria, please email info@ix-index.com

More details about the ixCrypto index, including their constituents, constituents’ weight are provided in the Appendices, or refer to the website https://ix-index.com/

*Exclude stable coins and exchange coins (based on conflict of interest rule methodology effective Oct 2, 2020)

#As of 30 June 2024, based on past 90 days average

Appendix 1

ixCrypto Index (“IXCI”)

Universe All crypto coins traded in at least two different exchanges around the world
Selection Criteria Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume
Number of Constituents Variable/25 in Q2 2024
Launch Date 12th December 2018
Base Date 3rd December 2018
Base Value 1,000
Reconstitution Rule If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening.
Reconstitution and Rebalancing Frequency Quarterly and with a fast entry rule
Weighting Methodology Free float adjusted market capitalization weighted with a cap of 40%
Currency US Dollar
Dissemination Every 5 seconds for 24×7
Website https://ix-index.com/


Appendix 2

Weightings of the Constituents of ixCrypto Index

Crypto 90-day-average-Market Cap 90-day-average-volume * Cut-off
Price
Cumulative
Market
Coverage before
Cap
Weighting (%)
After
40%
Cap#
1 Bitcoin $ 1,294,395,022,195 $ 28,886,673,119 60887.38 53.44% 40.00%
2 Ethereum $ 406,176,391,159 $ 15,208,917,246 3372.97 70.21% 37.42%
3 Solana $ 70,024,671,614 $ 3,031,296,276 140.01 73.10% 5.98%
4 XRP $ 28,817,172,200 $ 1,288,993,395 0.47 74.29% 2.43%
5 Dogecoin $ 22,132,796,908 $ 1,488,898,071 0.12 75.20% 1.63%
6 Toncoin $ 19,879,580,505 $ 339,825,055 7.60 76.02% 1.73%
7 Cardano $ 16,536,611,544 $ 400,288,396 0.38 76.71% 1.27%
8 Shiba Inu $ 13,880,209,762 $ 631,873,474 0.00 77.28% 0.92%
9 Avalanche $ 13,678,014,323 $ 438,019,508 27.73 77.84% 1.01%
10 TRON $ 10,319,265,891 $ 305,254,145 0.13 78.27% 1.01%
11 Polkadot $ 10,035,629,835 $ 221,005,440 6.07 78.68% 0.81%
12 Bitcoin Cash $ 9,476,919,163 $ 475,588,356 380.44 79.08% 0.69%
13 Chainlink $ 9,104,312,691 $ 398,716,805 13.51 79.45% 0.76%
14 NEAR Protocol $ 7,147,824,487 $ 460,449,295 4.95 79.75% 0.50%
15 Polygon $ 6,952,619,900 $ 292,683,172 0.55 80.03% 0.50%
16 Litecoin $ 6,199,090,470 $ 444,914,105 74.92 80.29% 0.51%
17 Internet Computer $ 5,740,668,098 $ 123,850,548 7.92 80.53% 0.34%
18 Uniswap $ 5,449,482,959 $ 215,570,449 8.84 80.75% 0.48%
19 Pepe $ 4,220,246,515 $ 1,186,175,975 0.00 80.93% 0.44%
20 Ethereum Classic $ 4,090,974,737 $ 259,086,250 23.11 81.09% 0.32%
21 Aptos $ 3,935,933,796 $ 169,640,095 6.89 81.26% 0.29%
22 Render $ 3,526,469,245 $ 251,565,580 7.15 81.40% 0.26%
23 Hedera $ 3,498,573,845 $ 131,987,618 0.08 81.55% 0.25%
24 Mantle $ 3,362,731,178 $ 103,082,516 0.78 81.69% 0.23%
25 Cosmos $ 3,319,320,400 $ 154,470,228 6.59 81.82% 0.22%

As of 30 June 2024

* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website

Appendix 3

Weightings of the Constituents of ixCrypto Portfolio Indexes

Index Constituents ixCrypto 5 EW Index ixCrypto 5 SR Index ixCrypto 10 EW Index ixCrypto 10 SR Index ixCrypto Altcoin
10 EW Index
ixCrypto
Altcoin 10 SR Index
1 Bitcoin 20.00% 48.02% 10.00% 38.52%
2 Ethereum 20.00% 27.90% 10.00% 22.38% 10.00% 34.56%
3 Solana 20.00% 11.15% 10.00% 8.95% 10.00% 13.81%
4 XRP 20.00% 7.11% 10.00% 5.70% 10.00% 8.80%
5 Dogecoin 20.00% 5.82% 10.00% 4.67% 10.00% 7.21%
6 Toncoin 10.00% 4.81% 10.00% 7.42%
7 Cardano 10.00% 4.12% 10.00% 6.36%
8 Shiba Inu 10.00% 3.51% 10.00% 5.41%
9 Avalanche 10.00% 3.37% 10.00% 5.67%
10 TRON 10.00% 3.67% 10.00% 5.68%
11 Polygon 10.00% 5.08%

Appendix 4

Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index

and ixCrypto BTC/ETH Proportional Index

90-day-average Crypto
Market Cap
90-day-average Crypto
V
olume
Index Level Cumulative Market Cap Coverage Weight in BTC/ETH 50/50 Weight in BTC/ETH Proportional
IXBI $1,294,395,022,195 $28,886,673,119 $14689.11 53.44% 50.00% 76.12%
IXEI $ 406,176,391,159 $15,208,917,246 $ 28975.85 70.21% 50.00% 23.88%

Appendix 5

Weightings of the Constituents of ixCrypto Infrastructure Index

Crypto 90-day-average- Market Cap 90-day-average-volume * Cut-off Price Cumulative
Market Coverage
before Cap
Weighting (%)
After
40% Cap#
1 Ethereum $ 406,176,391,159 $ 15,208,917,246 $ 3,372.97 16.77% 40.00%
2 Solana $ 70,024,671,614 $ 3,031,296,276 $ 140.01 19.66% 22.08%
3 Toncoin $ 19,879,580,505 $ 339,825,055 $ 7.60 20.48% 6.38%
4 Cardano $ 16,536,611,544 $ 400,288,396 $ 0.38 21.16% 4.68%
5 Avalanche $ 13,678,014,323 $ 438,019,508 $ 27.73 21.73% 3.73%
6 TRON $ 10,319,265,891 $ 305,254,145 $ 0.13 22.15% 3.73%
7 Polkadot $ 10,035,629,835 $ 221,005,440 $ 6.07 22.57% 2.98%
8 Chainlink $ 9,104,312,691 $ 398,716,805 $ 13.51 22.94% 2.80%
9 NEAR Protocol $ 7,147,824,487 $ 460,449,295 $ 4.95 23.24% 1.85%
10 Polygon $ 6,952,619,900 $ 292,683,172 $ 0.55 23.53% 1.84%
11 Internet Computer $ 5,740,668,098 $ 123,850,548 $ 7.92 23.76% 1.26%
12 Ethereum Classic $ 4,090,974,737 $ 259,086,250 $ 23.11 23.93% 1.16%
13 Aptos $ 3,935,933,796 $ 169,640,095 $ 6.89 24.09% 1.06%
14 Hedera $ 3,498,573,845 $ 131,987,618 $ 0.08 24.24% 0.93%
15 Mantle $ 3,362,731,178 $ 103,082,516 $ 0.78 24.38% 0.87%
16 Cosmos $ 3,319,320,400 $ 154,470,228 $ 6.59 24.52% 0.88%
17 Stacks $ 3,304,790,158 $ 137,563,783 $ 1.63 24.65% 0.82%
18 Arbitrum $ 3,001,766,136 $ 358,559,039 $ 0.78 24.78% 0.86%
19 VeChain $ 2,605,485,271 $ 65,117,184 $ 0.03 24.88% 0.71%
20 Optimism $ 2,593,333,863 $ 277,735,217 $ 1.74 24.99% 0.66%
21 Injective $ 2,444,399,234 $ 127,115,582 $ 22.76 25.09% 0.72%

As of 30 June 2024

* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website.

Appendix 6

Weightings of the Constituents of ixCrypto Stablecoin Indexes

Crypto 90-day-
average-
Market Cap
90-day-average-
volume
Cut-off
Price
Cumulative
Market Coverage
before Cap
Weighting (%)
After 40% Cap
1 Tether
USDt
$110,676,633,292 $ 58,723,286,322 $1.00 4.57% 40.00%
2 USDC $32,843,643,923 $ 6,516,013,196 $1.00 5.93% 40.00%
3 Dai $5,347,767,911 $ 497,368,904 $1.00 6.15% 14.21%
4 First Digital USD $3,297,386,389 $ 6,526,956,291 $1.00 6.28% 5.79%

As of 30 June 2024

Appendix 7

ixCrypto Indexes Dissemination

Real time indexes are disseminated every 5-second interval for 24×7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.

The vendor tickers are shown below:

Index Name Bloomberg Ticker Reuters Ticker
ixCrypto Index IXCI .IXCI
ixBitcoin Index IXCBI .IXBI1
ixEthereum Index IXCEI .IXEI1

For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes

For data licensing and product, please contact us at licensing@ix-index.com.

For free API use on academic research or trial, please contact enquiry@ix-index.com
Hashtag: #ixCryptoIndex

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

About IX Asia Indexes and IX Asia Index Advisory Committee

IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures product, mark to market and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.

IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification.

Website:
Advisory Committee:

About IX Crypto Indexes

The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, “IXEI”, with dissemination interval kept at 15-second unchanged.

CDNetworks Aims to Fuel East Asian Businesses’ Global Expansion with Strategic Emerging Market Presences


SINGAPORE – Media OutReach Newswire – 12 July 2024 – CDNetworks, the APAC-leading network to deliver edge as a service, leverages its strategic presences in emerging markets like Latin America, the Middle East, and Southeast Asia to support the global expansion of East Asian businesses. Additionally, CDNetworks will boost its East Asian network capacity to enhance performance and reliability.

Strategic Presences in Emerging Markets

  • Southeast Asia: As a key market for global expansion, CDNetworks has long established its presence in Southeast Asia, becoming an indispensable component of the regional digital backbone. Its support capabilities demonstrated in this region not only help East Asian companies meet their expansion needs in Southeast Asia, but extend to the entire Asia-Pacific region.
  • Latin America: Managing Tbps-level traffic through partnerships with nearly 40 ISPs and running 50 Points of Presence (PoPs), CDNetworks has robust presences throughout Latin America, and achieved 100% network coverage in key countries like Brazil, Argentina, and Chile. This is particularly significant in areas that have strong cultural and industrial ties to East Asian countries.
  • Middle East: Leveraging strong resources and enhanced network performance, CDNetworks can help East Asian businesses capitalize on their strengths in high-tech, integrate into the region’s digital transformation, while supporting them in delivering popular content like K-pop and J-pop to local audiences.


Facilitating Global Expansion through Enhanced Localization

In addition to efforts in emerging markets, CDNetworks focuses on enhancing localization in East Asia and target markets alike.

With dedicated local teams and long-term ISP partnerships, CDNetworks has achieved 100% network coverage and unparalleled performance in East Asia. To support East Asian businesses expanding overseas, CDNetworks plans to boost network capacity by several Tbps in East Asia.

Antony Li, APAC Head of Sales, states, “CDNetworks understands the unique needs of East Asian enterprises. Our experience in emerging markets and robust infrastructure enable us to provide essential support. We help companies in media, entertainment, gaming, and e-commerce seamlessly enter new territories with the reliability and scalability they need globally.”
Hashtag: #Digitaltransformation #DigitalInfrastructure #GlobalExpansion




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

About CDNetworks

With over 2,800 global PoPs, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, and colocation services — all designed to spur business innovation. Visit and follow us on .