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Laos, Vietnam and Cambodia Troops Participate in First Rescue Drill

Laotian, Vietnamese, and Cambodian military soldiers successfully completed a joint operation in the event of natural disasters.

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

HONG KONG SAR – Media OutReach – 16 September 2022 – Hang Lung Properties (SEHK stock code: 00101) (the “Company” or “Hang Lung”) recently hosted an employee sharing session with the theme, “The Palace of Established Happiness – Restoring a Garden in the Forbidden City”, in which the Chair of Hang Lung Properties, Mr. Ronnie C. Chan, shared his personal story and experience of restoring the Garden of the Palace of Established Happiness with nearly a hundred employees and their families and friends, in an effort to promote the importance of heritage conservation and its role in sustainable development.

Mr. Ronnie C. Chan, Chair of Hang Lung Properties, takes photos with nearly a hundred employees and their families and friends at the sharing session

Mr. Ronnie C. Chan, Chair of Hang Lung Properties, takes photos with nearly a hundred employees and their families and friends at the sharing session

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.

Mr. Ronnie C. Chan, Chair of Hang Lung Properties (right), and Ms. Happy Harun, General Manager – Special Projects, Chair's Office (left), share their personal stories and experiences of restoring the Garden of the Palace of Established Happiness

Mr. Ronnie C. Chan, Chair of Hang Lung Properties (right), and Ms. Happy Harun, General Manager – Special Projects, Chair’s Office (left), share their personal stories and experiences of restoring the Garden of the Palace of Established Happiness

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.”

After the sharing session, Mr. Ronnie C. Chan, Chair of Hang Lung Properties, personally leads employees and their families and friends to explore the heritage and history of the artifacts on display at the Asia Society Hong Kong Center

After the sharing session, Mr. Ronnie C. Chan, Chair of Hang Lung Properties, personally leads employees and their families and friends to explore the heritage and history of the artifacts on display at the Asia Society Hong Kong Center

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 .

Xiaomi’s Partner and President, Wang Xiang, was selected as “Outstanding People” in the “2022 Forbes China – Global 100 Outstanding Chinese”

SINGAPORE – Media OutReach – 16 September 2022 – A few days ago, Wang Xiang, Partner and President of Xiaomi Group, was selected as one of the “Outstanding People” in the “2022 Forbes China – Global 100 Outstanding Chinese” awards. Forbes China noted that after Wang Xiang joined Xiaomi, he led the consumer electronic and smart manufacturing companies’ rapid global expansion efforts, in which it entered over 100 markets under his outstanding leadership. Meanwhile, he continuously improved Xiaomi’s global intellectual property (IP) strategy and compliance system, cleared IP obstacles, and facilitated globalization.

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 (). 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

Laos-China Railway Parking Ticket Causes Confusion

A motorist posted the photo of a long line of cars waiting to pay for entry fee at Vientiane Railway Station on social media.

Motorists and taxi drivers have expressed their confusion over the Laos-China Railway Company’s new parking ticket policy, which sees drivers charged for simply picking up or dropping off passengers.

New DHL Trade Growth Atlas: Global trade surprisingly strong despite recent shocks

  • DHL Trade Growth Atlas maps the most important trends in global trade
  • ŸInternational trade in goods has surged to as high as 10% above levels before the Covid-19 pandemic
  • ŸDespite the war in Ukraine, trade is projected to grow faster in 2022 and 2023 than it did over the previous decade
  • ŸNew trade growth leaders emerging in Southeast and South Asia; Sub-Saharan Africa’s exports to accelerate dramatically
  • ŸViet Nam, India, and the Philippines stand out on both speed and scale of projected trade growth through 2026

SINGAPORE – Media OutReach – 16 September 2022 – DHL and NYU Stern School of Business have published the new DHL Trade Growth Atlas, which maps the most important trends and prospects of global trade in goods. The report covers 173 countries, providing valuable business intelligence for policymakers and industry leaders. It shines a positive light on the resilience of global trade – despite recent shocks and market pessimism.

“Our aim is for the DHL Trade Growth Atlas to become a go-to resource for understanding and navigating shifts in the global trade landscape. Trade will remain a key driver of prosperity – as it has been for centuries. In the current global business environment, DHL can help customers rethink certain supply chains, basing them on a sensible trade-off between cost and risk so that they are both efficient and secure. As the world’s leading logistics provider, we offer solutions for all logistics requirements, and have proven to provide stable and reliable services even in volatile market environments,” says John Pearson, CEO of DHL Express.

International trade is considered especially important in the present context because of its power to accelerate economic growth, reduce inflation, and enable countries and companies to access multiple sources of key inputs.

Key Take-Aways: Growth, Shifts, and Opportunities

The DHL Trade Growth Atlas also measures changes in countries’ and regions’ shares of world trade. Among the key take-aways:

  • The Covid-19 pandemic has not been the major setback for global trade that many anticipated: International trade in goods has surged as high as 10% above pre-pandemic levels, even in the face of significant supply bottlenecks that constrained further growth.
  • Prospects for future trade growth remain surprisingly positive: Due to the war in Ukraine, trade growth forecasts have been downgraded, but they still call for trade to grow slightly faster in 2022 and 2023 than it did over the preceding decade.
  • E-commerce sales boomed during the pandemic and forecasts point to strong cross-border e-commerce growth continuing.
  • New poles of trade growth are identified in Southeast and South Asia, and trade growth is expected to accelerate dramatically in Sub-Saharan Africa.
  • Trade growth is spread across a wider variety of countries: China accounted for a quarter of trade growth in recent years and is predicted to continue to have the largest growth, but its share is likely to fall by half, to 13 percent.
  • Viet Nam, India, and the Philippines stand out on both speed and scale of projected trade growth through 2026. All three have potential to benefit from efforts by many companies to diversify China-centric production and sourcing strategies.
  • While emerging economies increased their shares of world trade from 24 to 40 percent between 2000 and 2012, with half of the increase driven by China alone, these shares have barely changed over the past decade.
  • However, emerging economies continue to race forward on measures of connectivity, innovation, and leading companies. They are becoming more important exporters of sophisticated manufactured products, and increasingly compete not only on low costs, but also on innovation and quality.


Understanding Global Trade and its Opportunities

The DHL Trade Growth Atlas examines global trade growth trends, geographic shifts, the mix of products traded, and broader changes in the business environment. It analyzes trade in goods worldwide, by region, for advanced vs. emerging economies, and across 173 countries. The report features concise one-page summaries for each of these countries. The countries covered comprise more than 99% of world trade, GDP, and population.

“We have sought to distill the most important data on the state and trajectory of global trade and to bring the data to life in maps, charts, and other visual content. The results show how there are still large trade growth opportunities in both advanced and emerging economies and in regions around the world. The trade landscape is shifting and presenting new challenges, but this report strongly rebuts predictions of a major retreat from global trade,” says Steven Altman, Senior Research Scholar and Director of the DHL Initiative on Globalization at NYU Stern’s Center for the Future of Management.

The DHL Trade Growth Atlas complements the established DHL Global Connectedness Index series. While the DHL Trade Growth Atlas provides a special deep dive on global trade in goods, the DHL Global Connectedness Index, published regularly since 2011, analyzes the broader phenomenon of globalization – based on trade in goods and services, as well as worldwide flows of capital, people, and information. Both reports help pinpoint promising business opportunities, and support fact-based debates about trade and globalization.

Note to Editor:

  • Download the DHL Trade Growth Atlas and other materials here

You can find the press release for download as well as further information on dpdhl.com/pressreleases

Hashtag: #DHL

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.

New York University Stern School of Business, located in the heart of Greenwich Village and deeply connected with the City for which it is named, is one of the United States’ premier management education schools and research centers. NYU Stern offers a broad portfolio of transformational programs at the graduate, undergraduate, and executive levels, all of them enriched by the dynamism and deep resources of one of the world’s business capitals. NYU Stern is a welcoming community that inspires its members to embrace and lead change in a rapidly transforming world. Visit www.stern.nyu.edu.

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Hatten Land’s Renewable Energy Business Ambitions Obtains Strong Boost; Renowned Green Independent Power Producer, NEFIN Group, to Establish Joint Venture with Hatten Land and Provide Funding for Renewable Energy Projects

  • Joint venture to raise funds of up to USD10 million, which NEFIN Group has committed to invest 90%, to develop, construct, and operate renewable energy projects, with capacity of approximately 15MWp, with a focus on solar energy generation, in Singapore and Malaysia

  • The Group expects green energy generated from 15MWp solar projects will generate approximately 18,000 MWh per year, the equivalent of powering more than 5,000 three-room flats for an entire year, and reduce approximately 340,000 tonnes of carbon dioxide over project lifespan, equivalent to planting more than 644,000 trees

  • Hatten Energy has a current project pipeline of 10MWp, expecting to gain revenue from the supply of clean energy and generation of Renewable Energy Certificates (“RECs”)

  • Hatten Energy’s wholly-owned subsidiary, Hatten Renewable Assets Pte Ltd, signs agreement with Trend Technologies Singapore to construct, operate and maintain a 440.9 kilowatt-peak (kWp) grid-connected rooftop solar PV power system at Trend Technologies’ premises located at Tuas, Singapore for a duration of 21 years


SINGAPORE, MELAKA, MALAYSIA – Media OutReach – 16 September 2022 – Hatten Land Limited (惠胜置地有限公司) (“Hatten Land“, “Company“, and together with its subsidiaries, the “Group“) is pleased to share that its wholly-owned subsidiary, Hatten Edge Pte. Ltd. (“Hatten Edge“), has entered into a joint venture agreement with NEFIN Pte. Ltd. to develop, construct, and operate renewable energy projects, with a focus on solar energy generation, in Singapore and Malaysia.

NEFIN Pte. Ltd is part of NEFIN Group (“NEFIN Group“), a premium green independent power producer (IPP) offering bespoke carbon neutral technologies & financing solutions in Asia Pacific. NEFIN Group, funded by ACEN Corp., has collectively installed over 3,400 MW of utility-scale, commercial and industrial renewable energy systems. ACEN is listed in the Philippines (PSE: ACEN) and is part of the Ayala Corporation, one of the largest conglomerates in Philippines.

With its regional and multidisciplinary team, NEFIN Group offers comprehensive assessments and a full-suite of services to evaluate the ESG impact and commercial viability of projects through innovative approaches to technology under its unified energy management platform. The team is committed to the global climate goals and aims to accelerate the decarbonisation of our client portfolios. Please refer to NEFIN Group’s website www.nefinco.com for more information.

Under the joint venture agreement, there is a funding target of USD10 million and NEFIN Group has committed to invest 90% of the USD10 million as well as undertake the primary role of funding, fund raising support and establishing governance controls in relation to projects undertaken by the joint venture. Hatten Edge will take on the primary role of developer, operator, and manager of the renewable energy projects under the joint venture.

The USD10 million raised will be invested by the Group to develop, construct, and operate renewable energy projects, with capacity of approximately 15MWp, with a focus on solar energy generation, in Singapore and Malaysia. The Group expects green energy generated from 15MWp solar projects will generate approximately 18,000 MWh per year, the equivalent of powering more than 5,000 three-room flats for an entire year, and reduce approximately 340,000 tonnes of carbon dioxide over project lifespan, equivalent to planting more than 644,000 trees.

Since the launch of its strategic pivot in late 2021, the Group has been proactively exploring new renewable energy projects in Singapore and Malaysia. Hatten Energy Holdings Pte. Ltd. (“Hatten Energy”) was established as a project development, investment and operation company specializing in renewable energy projects in Asia, with a focus in Singapore and Malaysia.

Enabling enterprises to accelerate their transition towards solar energy adoption with no up-front cost, Hatten Energy will design, finance, and install solar PV systems at the premises of business owners while the latter purchases electricity generated from the solar PV system for their own consumption at a rate generally lower than usual rates of electricity distribution providers for an agreed duration under a Power Purchase Agreement (“PPA“).

Hatten Energy will own, operate, and maintain the solar PV systems, supplying and selling clean electricity to businesses for a contract period of typically 15 years to 20 years under the PPA.

In addition, Hatten Energy can generate RECs from the solar PV systems, thereby creating another revenue and cash flow stream for the business. RECs are market-based instruments substantiating that electricity has been generated from renewable energy sources. Hatten Energy has a current project pipeline of 10MWp.

Mr. Chong Bor Hung, NEFIN Group’s Head of Business Development and Managing Director (Malaysia), added: NEFIN is determined to expand further into the Southeast Asia market as there is great potential with many governments and large corporations stepping up on their green plans and injecting funds into renewable energy.

One of the keys to our sustained growth is strategic partnerships. We provide funding and corporate support for our partners, including MNCs and public listed companies throughout APAC, to help them grow and achieve their renewable energy goals.

Hatten Energy is working exclusively with NEFIN and we are confident that more projects will be secured in Singapore and Malaysia in the upcoming months with Trend Technologies Singapore being the first to kickstart this joint partnership.

Mr Reik Ong, General Manager of Hatten Energy, concluded: “With sustained high prices of fossil fuels, lower costs of solar PV photovoltaics (PV) and a greater emphasis on ESG, there are stronger value propositions and better cost efficiencies for a wider adoption of solar energy as energy demand continues to rise.

We see growing interest from enterprises in Southeast Asia on solar energy adoption and together with NEFIN Group, we are fully ready to support their growing need for green energy and reduce their dependence on fossil fuels.”

Signs PPA with Trend Technologies Singapore to Supply and Sell Solar Energy for 21 years

More recently, Hatten Renewable Assets Pte Ltd (“HRA“) has entered into a PPA with Trend Technologies Singapore Pte. Ltd. (“Trend Technologies Singapore”), where Trend Technologies Singapore will purchase the electricity for 21 years generated from the rooftop solar PV power system installed and developed by HRA.

Trend Technologies Singapore is part of Trend Technologies, a vertically integrated mechanical solutions provider specializing in the areas of metal stamping, metal fabrication and injection molding. With 10 facilities in 9 countries, Trend Technologies’ diverse customer base includes some of the most recognized Fortune 500 companies in the world. For more information on Trend Technologies, please visit the website www.trendtechnologies.com.

Increasing Role of Renewables amidst the Growing Demand for Energy Demand in Southeast Asia

According to International Energy Agency’s Southeast Asia Energy Outlook 2022, energy demand in Southeast Asia has increased on average by around 3% a year over the past two decades, and this trend continues to 2030 under today’s policy settings(1).

With electricity demand expected to grow rapidly in the coming decades in Southeast Asia, an increasing share will be met by variable renewable sources. Between 2016 and 2020, annual average energy investment in Southeast Asia was around USD70 billion, of which around 40% went to clean energy technologies – mostly solar photovoltaics (“PV“), wind and grids(1).

In Singapore, solar energy is the most promising renewable energy source and Singapore’s Energy Market Authority aims to deploy at least 2 gigawatt-peak (GWp) of solar energy by 2030. This is equivalent to powering about 350,000 households for a year(2).

In Malaysia, the government’s renewable target for 2025 has risen from 20 per cent in the 2018 National Energy Plan to 31 per cent in its recent Twelfth Malaysia Plan. Its aim to have 31 per cent of total power capacity come from renewables is supported by strong solar power growth, said Fitch Solutions Country Risk and Industry Research(3).

Note: This press release is to be read in conjunction with the SGX announcement released on the same date.

(1) https://iea.blob.core.windows.net/assets/e5d9b7ff-559b-4dc3-8faa-42381f80ce2e/SoutheastAsiaEnergyOutlook2022.pdf
(2) https://www.ema.gov.sg/media_release.aspx?news_sid=20211025JxngSPJ9UClo
(3) https://bit.ly/3dkdbM2

Hashtag: #NEFIN

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

About NEFIN Group

NEFIN is a premium green independent power producer (IPP) offering bespoke carbon neutral technologies & financing solutions in Asia Pacific. NEFIN, funded by ACEN Corp., has collectively installed over 3,400 MW of utility-scale, commercial and industrial renewable energy systems. ACEN is listed in the Philippines (PSE: ACEN) and is part of the Ayala Corporation, one of the largest conglomerates in Philippines, founded by the Ayala family in 1834. With its regional and multidisciplinary team, NEFIN offers comprehensive assessments and a full-suite of services to evaluate the ESG impact and commercial viability of projects through innovative approaches to technology under its unified energy management platform.

With a mission of “Achieving Carbon Neutrality for You”, NEFIN is committed to the global climate goals and aims to accelerate the decarbonisation of our client portfolios. NEFIN believes the future of the world is everyone’s responsibility and strives to redefine energy boundaries towards a sustainable future. Please refer to NEFIN’s website for more information and follow us at .

About Hatten Land Limited

Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

To potentially enhance the value of its physical assets as well as create digital assets at the same time, with sustainability efforts in mind, the Group’s new business strategies is to re-purpose the Group’s physical assets, in particular its malls, by identifying new uses, including but not limited to co-sharing office spaces, talent innovation hub, education-related activities, cinema operations, crypto mining and renewable energy activities.

The Group has obtained shareholders’ approval to diversify its business to include renewable energy, physical-digital malls, cryptocurrency mining and the Metaverse via an extraordinary general meeting on 30 December 2021.

With the various digital and renewable initiatives announced by the Group, there are opportunities for the Group to enter into new markets offering new business opportunities which would potentially provide additional and recurrent revenue streams and assist in continual growth of the Group.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.

For more information, please visit:

eWTP Arabia Capital – New Player in the Global PE Scene Energized Game Plan to Do More with Chinese-Backed Funds

SINGAPORE – Media OutReach – 16 September 2022 – eWTP Arabia Capital (eWTPA), a leading Saudi Arabia and China based growth stage venture fund, is aggressively joining the global private equity (PE) universe.

Founded in 2019, eWTPA launched its first fund (Fund I) in same year, which is backed by the sovereign wealth fund of Saudi Arabia, Public Investment Fund (PIF) and eWTP Capital (Alibaba Group and Ant Finance Group). Within a short period of time, this US$400-million-fund has already invested into 16 companies across of digital infrastructure, core technology and platform, consumer and enterprise services which span enterprise services, cloud services, cyber security, fintech, cross-border supply chain, retail and consumer, e-commerce, logistics and digital entertainment and others, which are to work together and build a unique digital ecosystem in the Middle East and North African (MENA) region.

Among these early-stage investments, the Shenzhen-based Star & Sea Group has recently announced the completion of a multimillion-dollar C1 round of financing, which was led by eWTPA and followed by existing shareholders: Oriental Fuhai and GSR United Capital. This round of financing will be used for technological innovation, product system research and development iteration, and international market expansion.

eWTPA is also one of the investors into Y.O.U, a leading beauty brand in Southeast Asia, which has announced the completion of a US$40 million Series C financing in February this year. The initial success of Y.O.U also leads eWTPA to seek for more future opportunities in the Southeast Asian market.

eWTPA’s vision is very clear: to help effectively build a sustainable digital environment for MENA and facilitate the fast development of digital economy in Saudi Arabia region, echoing its Vision 2030 program that aims to achieve governmental operational excellence, improve economic enablers, and enhance living standards by accelerating the implementation of primary and digital infrastructure, and engaging stakeholders.

According to Mr Jerry Li, Managing and Founding Partner of eWTPA, “We are set to achieve our vision by establishing strategic partnerships with leading Chinese businesses and providing a gateway to establish their presence in the region.”

The company’s core investment strategy is to transfer the latest technologies under a proven business model with successful leadership, quickly filling in the missing gaps in the target markets. As the first and only Chinese-funded PE in Saudi Arabia, eWTPA has been bridging opportunities between China and Saudi Arabia and the MENA with the following unique offerings:

  1. Connection Ready: Backed by industry gurus with close links to leading global technology companies in Asia, especially in China.
  2. Knowledge Transfer Ready: To land technologies that represent advanced productivity with Chinese advantages in the MENA region, with enhanced independent R&D capabilities, and autonomy of intellectual property rights.
  3. Landing Ready: Access to strategic partnerships, policy support, business development and capital market for technology companies to land and grow fast in the markets. 13 out of the 16 portfolio companies, including Alibaba Cloud (“SCCC”) and J&T Express, have already landed and operating in Saudi Arabia.
  4. Upgrade Ready: Accelerate technology and service offering upgrades with up-scale investment, digitalization, networking, just to name a few.
  5. Impact Ready: End goal is to create impact on a sustainable and nation-side scale, facilitated by global and regional partnerships.
  6. Talent Ready: Massive talent grooming and female leadership empowerment programs in the MENA region: one for young entrepreneurs and one only for female leaders.

Moving forward, eWTPA is also looking for partnerships in the wider APAC and Southeast Asia regions to facilitate the growth of digital ecosystem in the MENA region. The company will also be launching a second fund too to cover more grounds and to allow for more partnership to join in this unique force or change.

Hashtag: #eWTPArabiaCapital

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

About eWTP Arabia Capital

eWTP Arabia Capital (“eWTPA”) is a growth stage venture fund based in Saudi Arabia and China backed by marquee investors – eWTP Capital and the sovereign wealth fund of Saudi Arabia, Public Investment Fund (PIF). eWTPA is focused on building a local digital ecosystem in MENA by partnering with market leading Chinese businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. eWTPA takes pride in its ability to offer comprehensive support to its portfolio companies, empowering them to explore and succeed in strategic markets across the MENA region.

Established in 2019, eWTPA is now the preferred partner for Chinese technology giants seeking to enter the MENA region. Through its US$400 million Fund I it has invested in 16 companies in the digital sector, 13 of which have already established themselves successfully in Saudi Arabia. Investments include the hugely successful Saudi Cloud Computing Company (“SCCC”) the kingdom’s leading provider of cloud Services and J&T Logistics, which is now the fastest growing logistics provider in the country.

The fund’s core investment strategy is to transfer the latest technology and proven business models from China and Asia more broadly in order to fill a clear gap in its target MENA market. eWTPA focuses on the sectors of digital infrastructure, core technology and platform, consumer and enterprise services which span enterprise services, cloud services, cyber security, fintech, cross-border supply chain, retail and consumer, e-commerce, logistics and digital entertainment. To eWTPA, success is the ability to drive capital appreciation and to help elevate the digital eco-system in the MENA region.