The Lao government and relevant energy companies are expected to shell out over USD 2 billion for the construction of a wind power project in the Lako area, Sepon District, Savannakhet Province.
Laos Beauty Pageant Cancelled for Allowing Transgender Participants
Miss Fabulous Laos 2022, a beauty pageant competition that allowed transgender women to participate, has been discontinued permanently.
IGI Inex Holding (UK) becomes strategic investor in quantumrock, cementing partnership between leading global investment group and AI asset tech frontrunners
IGI Inex will obtain a relevant share position based on quantumrock’s valuation of €30 million with the right to extend its share position over time
MUNICH, GERMANY – EQS Newswire – 16 September 2022 – London-based privately-owned global investment company, IGI Inex Holding, today announces it has become a strategic investor in artificial intelligence (AI) and machine learning (ML) leaders, Munich-based AI asset and portfolio management company, quantumrock. As a strategic equity investment partner, IGI received a relevant share position based on the company’s valuation of €30 million with the right to extend its share position to majority over time also secured. The combination of the parties’ assets and competencies creates a unique opportunity for the two companies to enable a compelling new investment product category, facilitating an attractive proposition to many institutional market investors.
“Loss protection and downside protection for investment products backing are the big asks from large institutional investors these days. We’re very excited to be able to marry our already compelling AI-enhanced products like Absolute Return, Treasury Alpha, Single Stock Selection Alpha with an asset-backed loss protection feature and deliver a real answer to that market demand.” –Stefan Tittel, CEO of quantumrock
IGI Inex is a global leader in precious stone investment and its associated global mining activities, holding several subsidiary companies such as IGI Inex Real Estate, IGI Inex Trading, SouthCapital, and IGI Inex Global Investments in addition to shareholdings such as Seabury Capital. As a security provider for structured products due to its extensive holdings in gemstones, commodities, copper, and more, IGI Inex is looking for a complementary, intelligent monetization of its extensive precious stone holdings through innovative asset backing services for structured products which makes this latest move by the group to become a strategic investor in quantumrock an ideal fit; quantumrock is able to develop individualized products for institutional clients as well as package predominant investment themes into unique products with minimal time to market and at scale.
“Joining quantumrock as a strategic equity partner is an ideal fit for IGI Inex as we seek to intelligently monetize our precious stone holdings. As global leaders in AI and ML asset management technology, quantumrock can not only support this vision but together we can facilitate a compelling new investment product category. ” – Werner Schmidt, CEO of IGI Inex.
Going forward, the partnership will see quantumrock leverage its production origination power to create a wide range of innovative investment products investable for a large client base that are asset-backed by the IGI Inex’s precious stones holdings, for example, factor investing stock selection products equipped with loss protection or guaranteed return. An additional value-add for investors is the commodity ABS investment product range which quantumrock will bring to market, which, in times of uncertainty around inflation will provide additional support alongside the group’s established Alpha-seeking trading strategies. Finally, with IGI acting as asset backing provider, quantumrock’s reputation as the global go-to brand for innovative, AI-generated, asset-backed investment products is further cemented.
Hashtag: #QuantumrockGmbH
About IGI Inex Holding (UK):
IGI Inex Holding (UK) is a privately-owned global investment company based in London, founded by Werner Schmidt, a São Paulo-based entrepreneur and German native. IGI Inex is a holding company established with the purpose of overseeing the operations, governance, and compliance of several businesses in mining, manufacturing, gemstones, real estate, and finance.
About Quantumrock GmbH:
Quantumrock is an AI asset tech company differentiating through an innovative AI/ML platform which is employed to rapidly analyze large amounts of market data to identify patterns and opportunities for Alpha generation, packaged for clients in Alpha-generating strategies that improve their funds or portfolios, so-called Alpha Add-Ons. The company is headquartered in Munich, Germany, and consists of around 30 deep tech engineers, finance/capital market experts and international former top executives from the banking and technology sector as employees and advisors.
China Broadband Communications (CBC) rebrands as CBC Tech
With the new brand CBC Tech, the company is set to accelerate the transformation from a network service provider to a Network as a Service (NaaS) provider to enable cloud-native network and security as a service for enterprises to deliver the best application performance with excellent customer experience.
“Rebranding CBC into CBC Tech aims to revitalize our vision, mission, and company culture enabling us to execute our innovation roadmap to converge telecom and tech.” said Richard Fung, Co-Founder and CEO of CBC Tech. “We are committed to the transformation through the investments in our people, technology and process.”
With the converge of telecom and tech, CBC Tech is strengthening its R&D capabilities to enhance our eNet fabrics to meet the changing networking and security requirements of our customers, and provide them with the digital experience.
“CBC Tech is committed to growth and delivering the best employee and customer experience. We target to grow our eNet coverage to reach fifty (50) markets outside of China in the next 12-18 months.” Fung said.
For more information about CBC Tech, visit the website at www.cbctech.com
Hashtag: #CBCTech
ABOUT CBC Tech
Established in 2008, CBC Tech is the next-gen Network-as-a-Service (NaaS) provider with our own patented SD-WAN fabrics across twenty-five (25) markets in China and internationally. CBC Tech enables cloud-native network and security for enterprises over our SD-WAN fabrics, integrated with our congestion-free IP and networks, mobile access, network appliance, multi-cloud connects and cloud-based security to deliver the best application performance with excellent customer experience. CBC Tech has offices in Beijing (HQ), Shanghai, Suzhou, Guangzhou, Shenzhen, Hong Kong and Singapore (International HQ).
Laos, Vietnam and Cambodia Troops Participate in First Rescue Drill

Military personnel from Laos, Vietnam, and Cambodia successfully completed a joint operation on Thursday where they rehearsed rescue procedures in the event of natural disasters.
Laos to Allow Yuan for Cross-border Transactions
Bank of Laos and the People’s Bank of China have signed a memorandum of understanding regarding future payments in Yuan.
Hang Lung Chair Ronnie C. Chan Personally Shares his Experience Restoring the Garden of the Palace of Established Happiness with his Colleagues Embodying Hang Lung’s Core Value of “Sustainability” through Heritage Conservation

After a visit to the ruins of the Garden in 1994, Ronnie decided to support the restoration of the Garden and established the China Heritage Fund (“CHF”) in Hong Kong. As the Founding Chair of CHF, Ronnie formally offered to fully support the reconstruction of the Garden in 1997. Site work officially started in 2000, and this first large-scale construction project in the Forbidden City was successfully completed in 2005, restoring the Garden to its former glory. CHF has since undertaken two additional major projects within the Forbidden City, the reconstruction of the Hall of Rectitude and conservation of the Hall of Mental Cultivation.

As Ronnie said, “The destruction of a nation’s cultural heritage reflects the country’s decline and turmoil, but its restoration is a sure sign of the country’s rise and prosperity. The importance of cultural heritage sites and historic buildings lies in the fact that they witnessed our historical, cultural and social journey from the past to the present. I am deeply honored to be able to participate in the reconstruction of the Garden of the Palace of Established Happiness and the Hall of Rectitude, and I am proud that we have helped to bring modern management into the Forbidden City. Through this sharing session, I hope our colleagues can develop a deeper understanding of the Company’s philosophy toward the restoration and conservation of cultural artifacts. We encourage our colleagues to continue implementing the core values of “sustainability” and “excellence” in their work, while we also hope to stimulate their interest in exploring Chinese history and to propagate traditional Chinese culture.”

Cultural conservation is an important part of sustainable development. Under the leadership of Ronnie, Hang Lung is committed to making its best efforts to restore, preserve and integrate historic elements during the process of developing commercial projects, with examples including the Zhejiang Xingye Bank Building at Riverside 66, Tianjin, Chenghuang Temple at phase 1 of Center 66, Wuxi and the former residence of Zhang Xiaocheng at the Curio Collection by Hilton at phase 2 of Center 66, Wuxi. Hang Lung strives to strike a balance between preserving local cultural heritage and injecting new vitality into the local community by revitalizing historic buildings to fulfill the Company’s vision of “creating compelling spaces that enrich lives”.
Wellbeing is one of the four priorities in Hang Lung’s sustainability framework, covering the health and safety of employees, as well as the establishment of a sustainable workforce through continued learning and development. Hang Lung regularly organizes various forward-looking employee training programs, including the INSIGHT webinar series, Leadership Development Program, and LinkedIn Learning. These allow our employees to make use of the current training subsidy policy and choose the learning resources that meet their own development needs, anytime and anywhere. The recent employee sharing session is one example of Hang Lung’s efforts to promote the all-round development of the Company and its people.
Hashtag: #HangLung
About Hang Lung Properties
Hang Lung Properties Limited (SEHK Stock Code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.
At Hang Lung Properties – We Do It Well.
For more information, please visit www.hanglung.com.
Xiaomi’s Partner and President, Wang Xiang, was selected as “Outstanding People” in the “2022 Forbes China – Global 100 Outstanding Chinese”
Forbes China launched the “Global 100 Outstanding Chinese” list in 2022, focusing on overseas young talent and entrepreneurs, selecting 100 outstanding global Chinese representatives from two major fields: business and culture in various regions, including the Americas, Europe, Asia, and Oceania. The Forbes list has three major categories: Business Leader, Outstanding People, and Potential Elite. Wang Xiang was one of 17 people to receive the title of “Outstanding”, all of whom are distinguished talents of global influence, and some representing companies with a market value of over 100 billion RMB.
Hashtag: #Xiaomi
The issuer is solely responsible for the content of this announcement.
About Xiaomi Corporation
Xiaomi Corporation (“Xiaomi”) was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 ( 1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.
Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.
Xiaomi is one of the world’s leading smartphone companies. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, with more than 478 million smart devices connected to its platform (excluding smartphones, laptops and tablets) as of March 31, 2022. Xiaomi products are available in more than 100 countries and regions around the world. In August 2022, Xiaomi was included in the Fortune Global 500 list for the fourth year in a row, ranking 266th.
Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.
For more information about Xiaomi as a company, please visit https://www.mi.com/global/discover/newsroom