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Pine Labs partners with Visa to provide Visa Instalment Solutions to merchants across key markets in Southeast Asia

SINGAPORE, March 11, 2025 /PRNewswire/ — Pine Labs, a fintech platform, has announced a partnership with Visa (NYSE: V) to introduce Visa Instalment Solutions (VIS) on Pine Labs’ multi-issuer payment solution across key markets in Southeast Asia.

Previously, merchants used to sign up with multiple issuers and deploy multiple payment terminals to process instalment transactions at the point of sale. The collaboration between Pine Labs and Visa will enable merchants more flexibility and affordability to offer seamless instalment payment options for domestic and cross-border transactions. Merchants in Southeast Asia including Courts, Hooga and Chicco will be able to offer this integrated instalment solution.

Visa Instalment Solutions will be first introduced on Pine Labs’ network of merchants in Singapore, Malaysia and the Philippines, and subsequently in Thailand, Indonesia and other Southeast Asia markets.

Dheeraj Chowdhry, Chief Business Officer – SEA, Pine Labs, said, “This collaboration plays on the strength of Visa’s vast global network and Pine Labs’ tech capabilities to provide flexible and intuitive instalment payment options for consumers. Facilitating consumer finance on already approved credit lines using their existing credit cards is expected to be a win-win for cardholders and merchants. It empowers merchants and direct brands to boost ticket and basket size by taking the transaction up the affordability curve. This is further amplified by enablement of cross-border instalments during purchase – a feature that will be a ‘market-first’ across the instalments landscape.”

Commenting on the partnership, Kim Hak J, Head of Products & Solution for Regional Southeast Asia, Visa, said, “According to Visa’s Green Shoots Radar Study[1], the usage of instalment solutions in Southeast Asia is significantly higher than the Asia-Pacific average. The same study showed that over the past two years, we have observed a notable increase in instalment payments usage, particularly in Malaysia, Thailand, and the Philippines. This trend underscores the growing preference for flexible payment options among consumers in these markets, and we are excited to support this demand through our partnership with Pine Labs.”

As a participant in the program, Harry Higashiura, Chief Executive Officer, Courts Malaysia and Singapore, said, “As the leading omni-channel retailer in electrical, IT and furniture products across Singapore, Malaysia and Indonesia, we see demand for instalments when it comes to customer purchases. We are thrilled to participate in this initiative by Visa and Pine Labs to enable our customers with more options to pay for their purchases across our stores in the region.”

To know more, please visit www.pinelabs.com.

 

[1] Visa Green Shoots Radar study – Wave 13 was conducted on January 2024 in 14 Asia Pacific Markets on over 8,000 consumers aged 18-65 years old to uncover insights on consumer sentiments, financial products ownership, payment behaviours and other topics.

 

CGI in the Asia Pacific hosts CGI Elevate 2025 to spark conversations on the future of Global Capability Centers

CGI brings together industry leaders to discuss the evolution of Global Capability Centers (GCCs) into hubs of innovation and growth in an AI-driven landscape.

BANGALORE, India, March 11, 2025 /PRNewswire/ — CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, hosted CGI Elevate 2025, a premier event that brought together industry leaders, technology experts and alliances to discuss the future of GCCs, AI driven innovation and the evolving role of strategic partnerships in driving progress in the global business landscape.

With a theme centered on partnering for progress, CGI Elevate 2025 highlighted how organizations can harness cutting-edge technology to position their GCCs as hubs of excellence. The event served as a platform to exchange insights, share best practices, and envision a future where AI propels global capacity centers (GCCs) to drive greater value and global impact.

Rakesh Aerath, President, CGI Asia Pacific Global Delivery Centers of Excellence, emphasized the evolving strategic role of GCCs: “The narrative around GCCs is shifting, from being cost and efficiency centers to becoming intelligence-driven nerve centers that power enterprise agility, innovation, and transformation at scale. Through this event, we advanced these discussions to provide actionable solutions and insights into how CGI can help GCCs thrive in an AI-first world.”

As a sponsor of CGI Elevate 2025, Sunil Gopinath, CEO Rakuten India, spoke about GCCs as strategic partners in business growth, highlighting the transformative role of GCCs in leading AI driven solutions, automation and emerging tech. He added, “CGI Elevate 2025 was a powerful platform that brought together industry pioneers to exchange ideas, challenge the status quo, and explore how AI and automation are reshaping the future of GCCs. The depth of discussions and the actionable insights will help organizations drive innovation, agility, and long-term business impact.”

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA $14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

cgi.com/newsroom

For more information

Neha Kothari
Director, Marketing and Communications, Asia Pacific Global Delivery Centers of Excellence
neha.kothari@cgi.com

The Channel Company Welcomes Athina Mallis as Editor of CRN Australia

WESTBOROUGH, Mass., March 11, 2025 /PRNewswire/ — The Channel Company, a global provider of news, insights, strategy, events, and marketing services for the information technology industry, is delighted to announce the appointment of Athina Mallis as Editor of CRN Australia.

Based in Sydney, Australia, Athina brings a wealth of experience covering the technology industry as a senior journalist and editor. She has previously held positions at Digital Nation and most recently served as Managing Editor of Gizmodo Australia.

This appointment follows The Channel Company’s announcement in February 2025 that it is taking direct publication control of CRN Australia, reinforcing its commitment to delivering exceptional journalism globally.

“I am so excited to be joining The Channel Company as the editor at CRN Australia. As someone who has been in the tech media landscape, CRN has always been a respected, top-tier brand,” said Athina. “To lead the Australian editorial team at The Channel Company during this relaunch is such an honour. We want CRN Australia to be the go-to news source for the Australian channel and beyond!”

Stuart Sumner, Chief Content Officer at The Channel Company, added, “We are thrilled that Athina has joined as Editor of CRN Australia. She brings experience, energy, and passion to the role, making her a perfect fit for The Channel Company. This appointment demonstrates our intent to bring global news to the region through a local lens.”

About The Channel Company
The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.

About EagleTree Capital:
EagleTree Capital is a leading New York-based middle-market private equity firm, with $5.3 billion of assets under management, that has completed 45 private equity investments and over 100 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com or find EagleTree on LinkedIn..

Media contact: Corporate Communications, corporatecommunications@thechannelco.com

Logo – https://laotiantimes.com/wp-content/uploads/2025/03/crnus_logo.jpg

‘Ne Zha 2’ highlights global potential of Chinese animation

BEIJING, March 11, 2025 /PRNewswire/ — A news report from chinadaily.com.cn:

Michael Woo Kim-kong, a member of the CPPCC National Committee, highlighted that the success of Ne Zha 2 underscores the power of storytelling. A great animated film should do more than dazzle the eyes — it should touch the heart and inspire. With the fusion of technology and creativity, Chinese animation is poised to gain greater recognition and influence on the global stage.

 

 

Johnson Controls-Hitachi Air Conditioning Powering Indonesia’s Hotel Transformation

JAKARTA, Indonesia, March 11, 2025 /PRNewswire/ — As Indonesia’s hospitality sector recovers and grows in the energy transition era, Johnson Controls-Hitachi Air Conditioning Indonesia, a global leader in HVAC technology, is driving HVAC transformation in the hotel sector. Focusing on flexibility, sustainability, health and well-being, the company delivers advanced, energy-efficient, IoT-driven solutions to ensure operational efficiency, guest comfort, and environmental responsibility. 

Johnson Controls–Hitachi Air Conditioning Powering Indonesia’s Hotel Transformation
Johnson Controls–Hitachi Air Conditioning Powering Indonesia’s Hotel Transformation

According to the Central Statistics Agency (BPS-Statistics Indonesia), star hotel occupancy grew by nearly 14% YoY from 2021 to 2024, signalling recovery. However, the industry faces new challenges: evolving guest preferences, staffing shortages, stricter energy standards, and Indonesia’s Net Zero 2060 target. Hotels will need to adapt to accommodate digital nomads and long-stay travellers, improve indoor air quality (IAQ), and upgrade infrastructure to meet sustainability goals. 

Indonesia’s hospitality sector is growing, despite the challenges. One thing we are sure is that sustainability is no longer optional—it’s a necessity. Our innovative HVAC solutions are designed to address issues, helping hotels adapt, thrive, and contribute to a sustainable future,” said Susanna, General Manager at Johnson Controls-Hitachi Air Conditioning Indonesia.

Flexibility for Evolving Spaces 

Our HVAC systems can integrate seamlessly into new and existing hotels. The air365 SideSmart VRF system is ideal for urban hotels and requires minimal outdoor space, while the 4-Way Ceiling Cassette iF Design Award 2020 Silent-Iconic panels deliver quiet, efficient cooling for guest rooms and meeting areas. 

Sustainability at the Core 

With rising energy costs and stricter regulations, sustainability is critical. Our air365 Max  VRF system offers significant improvements in energy consumption. Thanks to the high Cooling EER up to 5.40 & SmoothDrive technology which helps to reduce running costs during part-load operation. Overall, the air365 Max efficiency drives reduction of energy consumption and carbon footprint by 47%.  With IoT enabled controls such as airCloud Pro, remote monitoring and predictive maintenance are made easier, ensuring long term efficiency

Prioritizing Health and Well-being

Growing awareness of IAQ makes clean air essential for guest satisfaction. The company’s “3R framework” (Right Temperature, Right Feeling, Right Purity) ensures optimal air quality, while advanced solutions like ViroSense Z2 and AQtiv-Ion Kit effectively reduces airborne pollutants, creating safer, healthier environments. 

In the fast-paced world of hospitality, upgrading HVAC systems is a strategic investment that enhances guest experience, ensures regulatory compliance, and improves cost efficiency. With a proven track record serving hospitality industries, we are ready to assist hotels modernize their infrastructure and thrive in the energy transition era. 

Download our brochure here to learn more about HVAC solutions for hotels. For more information about light commercial and commercial HVAC products and solutions, visit www.hitachiaircon.com/id or reach out to JCH-IDN-Support@jci-hitachi.com.

About Johnson Controls-Hitachi Air Conditioning Indonesia 

Johnson Controls-Hitachi Air Conditioning is a global air conditioning manufacturer established in October 2015 as a joint venture between Johnson Controls and Hitachi Appliances, Inc. (now Hitachi Global Life Solutions, Inc.) Approximately 15,000 employees have offered high-quality residential and commercial products, services, and solutions to our customers. We have released the most diverse HVAC products in the global market, including ductless solutions, chillers, and residential air conditioning solutions that exceed customer expectations at all times.

Tenchijin Signs MOU with Universiti Sains Malaysia for AI and Satellite Data Research


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 11 March 2025 – Tenchijin Inc. (Chuo-ku, Tokyo; CEO: Yasuto Sakuraba) is pleased to announce that on Tuesday, February 25, 2025, the company will sign a Memorandum of Understanding (MOU) with Universiti Sains Malaysia (USM), Malaysia’s national science university. The MOU aims to facilitate joint research on infrastructure assessment and renewable energy site selection utilizing AI technology and satellite data.

Tenchijin Signs MOU with Universiti Sains Malaysia for AI and Satellite Data Research
Tenchijin Signs MOU with Universiti Sains Malaysia for AI and Satellite Data Research

This MOU was also supported by a project implemented by the AEM-METI Economic and Industrial Cooperation Committee (AMEICC), funded by the Ministry of Economy, Trade, and Industry (METI), and organized by Leave a Nest Group for 2024-2025.

Overview of the MOU:

  • Duration: Effective from Tuesday, February 25, 2025, the MOU will serve as a framework to confirm fundamental agreements until a more detailed cooperative agreement is concluded between both parties.
  • Objectives: To promote joint research on water leakage risk assessment and the selection of suitable sites for renewable energy using AI technology and satellite data, while establishing a collaborative relationship for the joint development, support, and enhancement of research, education, and training programs.
  • Scope of Collaboration: Under this MOU, cooperation will be carried out in the following areas:
  1. Joint research on water leakage risk assessment for water pipelines and site selection for renewable energy utilizing AI and satellite data.
  2. Development of a white paper on the Tenchijin COMPASS KnoWaterleak and Compass Renewable Energy applications for implementation in Malaysia.
  3. Promotion of industry collaboration and other cooperative activities mutually agreed upon by both parties.


About Universiti Sains Malaysia (USM):

Universiti Sains Malaysia (USM), Malaysia’s first Accelerated Programme for Excellence (APEX) university, is recognized for its commitment to sustainability, research innovation, and societal impact under the theme “Transforming Higher Education for a Sustainable Tomorrow.”. USM excels in niche areas such as health sciences, renewable energy, cultural heritage, and digital transformation, driving global progress through transdisciplinary research and community engagement. It leads in cutting-edge fields like molecular medicine, health, engineering, marine ecosystems, and archaeology, while fostering innovation in teaching and learning. Consistently ranked highly, especially for its contributions to the Sustainable Development Goals (SDGs), USM’s influence extends through impactful research, high citations, and international collaborations. The university actively shapes policies on public health, education, and environmental resilience, reinforcing its role as a global thought leader. USM’s APEX status reflects its dedication to producing knowledge that not only advances academia but also creates real-world solutions, empowering students and communities to build a sustainable future.

About Tenchijin COMPASS KnoWaterleak:

Tenchijin COMPASS KnoWaterleak is a cloud-based mapping service that supports efficient leak inspections for water utilities and contractors by leveraging satellite data and AI technology. It identifies high-risk areas for leaks in a 100m square range using data from multiple satellites and open data. The system integrates with digital water supply registers and distribution pipe maps, providing centralized management of leak risk with a 5-level evaluation. The intuitive interface allows for real-time data checks, supporting rapid leak detection and repair planning.

By registering and managing leak locations regularly, the system allows AI to reassess leak risks based on accumulated data, improving accuracy. Demonstrations conducted with the Cabinet Office and other municipalities in 2022 indicate that inspection costs could be reduced by up to 65% and investigation time by up to 85%.

The system’s high technical capabilities and low implementation barriers have been recognized, with the Ministry of Health, Labour and Welfare, the Ministry of Land, Infrastructure, Transport and Tourism, and the Ministry of Internal Affairs and Communications awarding it the Minister of Health, Labour and Welfare Prize at the 7th Infrastructure Maintenance Grand Prize. Since its service launch in 2023, over 20 municipalities have adopted the system as of February 2025.

These challenges are common across Southeast Asia, and to protect water resources through efficient water management, Tenchijin COMPASS KnoWaterleak is being developed as a global version and is being expanded into Asia, Europe, and other regions.

Special site for Tenchijin COMPASS KnoWaterleak

https://knowaterleak.space/

For inquiries regarding the expansion of Tenchijin COMPASS KnoWaterleak in Asia, please contact the following:

Asia Business Development Representative: Asaba

Contact: asia-t@tenchijin.co.jp
Hashtag: #Tenchijin #KnoWaterleak #USM #SatelliteTechnology #MOU




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

Tenchijin Co., Ltd.

Company Name: Tenchijin Co., Ltd.
Location: 1-4-1 Nihonbashi, Chuo, Tokyo, 5th Floor, Nihonbashi 1-chome Mitsui Building
CEO: Yasuto Sakuraba
Business: Land evaluation consulting using satellite data
Official Website URL:
X:
LinkedIn:

AsiaInfo Technologies announces 2024 Annual Results Achieves full year profit exceeding last year

Recommends a final dividend of HK$0.252 per share and a special dividend of HK$0.16 per share


Results highlights: Ÿ

  • Leverage on the mature cost control mechanism and the well-controlled cost, gross profit margin remained stable. Profit for the year was approximately RMB516 million, achieving a full-year profit better than last year. Profit margin increased by 1.3 percentage points to 7.8%, maintaining good and healthy profitability.
  • Gross profit margin remained stable at 37.4%, reflecting the effectiveness of cost reduction, efficiency enhancement and cost control initiatives.
  • Revenue amounted to approximately RMB6,646 million. Revenue from the Three New business1 amounted to approximately RMB2,599 million, accounting for approximately 39.1% of its total revenue and representing a year-on-year increase of 2.4 percentage points.
  • Attached great importance to Shareholders’ interests and returns, and has recommended a final dividend of HK$0.252 per share, representing a final dividend payout ratio of 40% of profit for the year. Including the special dividend of HK$0.16 per share declared, the total dividend for 2024 will be HK$0.412 per share.

Future prospects:

  • In 2025, the Company will adhere to the development strategy of seeking progress while maintaining stability, consolidating the foundation of the main business of telecommunications to ensure the stability of the business fundamentals.
  • Building on the firm advancement of the Three New business and focusing on laying out the three major strategic growth points: AI large model delivery business, 5G private network and application, and digital intelligence operation, so as to promote the Company to achieve higher quality development.

HONG KONG SAR – Media OutReach Newswire – 11 March 2025 AsiaInfo Technologies Limited (“AsiaInfo Technologies” or the “Company”, which together with its subsidiaries, is referred to as the “Group”; HKEX stock code: 01675), is pleased to announce its annual results for the year ended 31 December 2024.

In 2024, the Company continued to advance its strategic transformation, strengthen its ability to empower industries and digital transformation through the combination of technological innovations such as artificial intelligence and big data, and promote its business deployment in various application areas. However, due to the impact of corporate customers, especially operator customers, who continued to significantly reduce costs due to their own growth pressure, the revenue amounted to approximately RMB6,646 million, representing a year-on-year decrease of 15.8%. Among them, the revenue from the Three New business amounted to approximately RMB2,599 million, decreasing by 10.3% year-on-year, which accounted for 39.1% of total revenue representing a year-on-year increase of 2.4 percentage points.

To cope with the transformation of traditional businesses, the Company achieved remarkable cost control through various cost reductions and efficiency enhancement initiatives such as using AI tools to enhance delivery efficiency, strengthening centralised procurement and full coverage of one-stop official consumption platforms, etc., and the gross profit margin stood at 37.4%, remaining stable. Profit for the year was approximately RMB516 million, with the net profit margin increased to 7.8%, representing an increase of 1.3 percentage points as compared with last year, still maintaining a good profitability.

The Board has attached great importance to Shareholders’ interests and returns, and after giving due consideration to the Company’s business development, profitability, and cash flow level, and has recommended a final dividend of HK$0.252 per share, representing a final dividend payout ratio of 40% of profit for the year. Including the special dividend of HK$0.16 per share declared, the total dividend for 2024 will be HK$0.412 per share.

Digital Intelligence-driven Operation Business Stabilises and Rebounds

In 2024, the Company continued to deepen its focus on telecommunications, automobile, consumer and finance industries, and cooperated closely with Volcano Engine as a core ISV, and built a lifecycle private domain operation platform based on enterprise WeChat to create an integrated online and offline operation system. In addition, through model innovation and the establishment of advantages in “AI+Big Data”, the Company has achieved significant growth in the automobile, consumer, finance and other industries. Digital intelligence-driven operation business revenue stabilised and rebounded in 2024, achieving a revenue of approximately RMB1,106 million, representing an increase of 0.4% year-on-year, accounting for 16.6% of total revenue, and revenue from results-based and commission-based charging models accounted for 25.4% of the revenue of the digital intelligence-driven operation business. The Company will accelerate the scale development of the results-based charging business model, and strive to become a leading enterprise in the results-based charging model industry.

Vertical Industries Digital Business Prioritized Quality to Refocus on its Development Direction

In 2024, the Company continued to be empowered by 5G, big data, AI and other innovative technologies, focusing on key industries such as energy, transportation, government affairs, etc., to create industrialised products and solutions, and to grasp opportunities for the upgrading of the vertical industries digitalisation and intelligent transformation. In the vertical industries market, the Company focuses on two major fields, the development of 5G private network and application, and large model application and delivery. By the end of 2024, the Company’s 5G private network has cumulatively shipped 50 sets of core networks and more than 21,000 base stations. The Company will form differentiated competitive advantages by providing industry-specific 5G private network products and intelligent applications, striving to become a leading company in the field of 5G private networks and applications

The business expansion in vertical industries involves large-scale customer orders, which means that revenue is significantly impacted by individual orders, leading to considerable volatility. The Company also paid more attention to the balance control of the pace of development and quality. Leveraging its mature order quality accessment procedure, the Company precisely identified and proactively gave up high-risk and large-scale government and enterprise orders exceeding RMB1 billion. Meanwhile, this segment of business experienced a revenue decline from RMB965 million to RMB676 million in 2024 due to the construction cycle and adjustments of the 5G private network for nuclear power, accounting for 10.2% of the Company’ s total revenue.

Large Model Delivery Business Gains Momentum

AsiaInfo Technologies was the earliest to start and the fastest to implement the large model delivery business. It has established long-term cooperative relationships with leading domestic cloud computing and large model vendors, and has developed and accumulated a collection of delivery tools with core competitiveness in more than 200 projects. Additionally, it has a mature team and management experience that undergo extensive training in various delivery tasks each year, forming a special set of “planning methodology + a set of tools + a professional team” for the large model delivery system of AsiaInfo. Through a highly customised large model business, the Company addressed the complex application scenarios of large model for the leading representational clients in business, defining the business implementation logic and standards, and building a formidable business stronghold against our rivals in terms of industry and technology. Long-tail customers ensured a continuous project revenue and profit sources by means of software subscription and standard product sales. Through strategic cooperation with leading cloud vendors and large model vendors such as Alibaba Cloud, Volcano Engine, Baidu AI Cloud, DeepSeek, etc., the Company has constructed an endto-end industry large model solution covering vertical fields such as government and enterprise, energy, finance and transportation. The Company will firmly implement the development strategy to become a leading enterprise of large model delivery and make positive contributions to the development of large model application by leveraging its own advantages of technology accumulation and close cooperative relationships with major foundational large model manufacturers.

Decline in Traditional Business, Slight Decline in OSS Business

Before the arrival of 6G, the overall investment in the telecommunications industry continued to be in a cyclical downturn. The Company’s traditional BSS businesses faced the need for transformation and upgrading, to reduce costs and enhance efficiency to cope with the decline in traditional business revenue and to increase new revenue sources through technological innovation and customer expansion. In 2024, the revenue of BSS business amounted to approximately RMB3,948 million, representing a year-on-year decrease of 19.1%; while the revenue of OSS business was approximately RMB818 million, a slight year-on-year decrease of 1.8%.

In terms of business development, the Company introduced innovative technologies such as “AI+” and “Large Model+” into traditional businesses to overcome challenges. In 2024, the Company made significant breakthroughs in the field of AI empowerment, with the total number of AI large model related projects exceeding 100, and business coverage continued to expand. In terms of customer development, the Company successfully acquired an important project of HKT (Hong Kong Telecom), and undertook the project, a Southeast Asia-based operator, further expanding the overseas market. The Company had successfully breaking through the OSS market of China Unicom to achieve breakthroughs in multiple provinces, and achieving breakthroughs in the OSS market of China Mobile in multiple provinces, which fully demonstrated the Company’s competitive advantages in the field of OSS and its business expansion capabilities.

Future Prospects

Dr. TIAN Suning, Chairman and Executive Director of the Group, said, “Looking ahead to 2025, the Company will adhere to the development strategy of seeking progress while maintaining stability, on the one hand, consolidating the foundation of the main business of telecommunications to ensure the stability of business fundamentals; on the other hand, building on the firm advancement of the Three New business and focusing on laying out the three major strategic growth points: the AI large model delivery business, 5G private network and application, and digital intelligence-driven operation, so as to promote the Company to achieve higher quality development.”

In the field of traditional businesses, the Company will realise refined operations through optimising operation modes, innovative management modes and reducing headcounts to improve efficiency, significantly improve cost-effectiveness, and ensure traditional businesses profitability. Specifically, the Company will integrate AI and large model technology and comprehensively upgrade the intelligence level of business support systems, focusing on promoting customer joint innovation and R&D cooperation, centralising and intensifying the construction of support systems, the localised substitution of M domain, and market development of new customers, so as to effectively alleviate the downward pressure of BSS business; and focus on centralising and intensifying the operation of layout network, application of “AI/large model/intelligent body+” technology, integration of resources in OSS market segments, and expansion of the network equipment business, and further expand our market share by continuously improving our technological capability and market penetration rate.

In the AI large model delivery business, the Company will expand its strategic cooperation with Alibaba Cloud, Baidu AI Cloud, Volcano Engine and other leading basic large model vendors, through resource integration and complementary advantages, collaboratively develop the large model application market and be committed to the industry leading enterprises. The Company will focus on refining the large model delivery platform construction, optimising the chain of delivery tools, innovating the delivery methodology, continuing to consolidate the core competitive advantages in delivery scale, quality control and cost optimisation, etc., and building a differentiated competitiveness with a high technology threshold.

In the field of 5G private network and application, the Company will further develop the integration of “5G+AI” technology, consolidate its leading position in nuclear power, new energy, mining and other advantageous industries, and continue to expand the market share of 5G private network solutions. At the same time, the Company will actively expand emerging application scenarios such as power network, petroleum and petrochemical, airport, port, etc., and provide customised 5G private network products and industry solutions that create a differentiated competitive advantage and strive to become a leading enterprise in the 5G private network field. The Company will build a complete 5G private network industry ecosystem through technological innovation and scenarios engagement to achieve continuous expansion of market coverage.

In the field of digital intelligence-driven operation business, the Company will focus on key industries such as telecommunications, automobile, consumer, finance, etc., continue to strengthen data governance, model algorithms and scenario application capabilities, and develop the synergistic innovation with operators, Volcano Engine, Lingyang, Tencent, and other strategic partners in the field of AI and big data. The Company will fully leverage the technical advantages of “AI+Big Data”, accelerate the scale development of the results-based charging business model, and strive to become a leading enterprise in the results-based charging model industry.
Hashtag: #AsiaInfoTechnologies

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

Vietnam strengthens Esports industry with national TV involvement

HANOI, Vietnam, March 11, 2025 /PRNewswire/ — Vietnam’s esports industry is experiencing unprecedented growth, and with the involvement of national TV stepping into the arena, the country is making a bold statement: Esports is no longer a niche, but a mainstream industry with government backing.

Leading this movement is ON Live Esports (OLE) by Vietnam Television Cable (VTVCab), which has rapidly become Vietnam’s leading esports organizer, distributor and broadcaster. With strong government support and strategic partnerships with global industry leaders like Riot Games, SOOP, VNGGames, Garena, and VIRESA, Vietnam is emerging as a global esports powerhouse.

Unlike many countries where esports struggles for recognition, Vietnam’s government actively supports it as part of its digital economy strategy, accelerating investment, policies, and infrastructure. This backing has allowed pioneers like OLE to drive the industry forward.

"Broadcasting the National Championship of League of Legends, Valorant & Arena of Valor on VTVcab platforms. ON Live Esports aims to become a leading entity in owning, organizing, producing, and broadcasting top-tier esports tournaments" - The Vietnamese Government.
“Broadcasting the National Championship of League of Legends, Valorant & Arena of Valor on VTVcab platforms. ON Live Esports aims to become a leading entity in owning, organizing, producing, and broadcasting top-tier esports tournaments” – The Vietnamese Government.

“Broadcasting the National Championship of League of Legends, Valorant & Arena of Valor on VTVcab platforms. OLE aims to become a leading entity in owning, organizing, producing, and broadcasting top-tier esports tournaments” – The Vietnamese Government.

As Vietnam’s top owner, producer, and distributor of esports broadcasting rights, OLE has expanded esports access through major international partnerships. VTVcab’s support, OLE has forged strong partnerships with international industry companies such as Riot Games and SOOP, growing its reach.

In 2025, OLE became the title sponsor of Vietnam’s premier League of Legends tournament. Now rebranded as the ON Live Vietnam Championship Series 2025, marking a major milestone in the collaboration of television broadcasting and esports. Organized by the Vietnam Recreational and Electronic Sports Association (VIRESA) and VNGGames, the tournament will commence on February 28, 2025.

VCS has the new title sponsor - ON Live Esports by VTVCab.
VCS has the new title sponsor – ON Live Esports by VTVCab.

VCS has the new title sponsor – OLE by VTVCab.

Besides, OLE has secured an exclusive media rights partnership with Garena, becoming the official distributor for Vietnam’s entire Arena of Valor tournament system. Not only is OLE a leading distributor of esports content, but it is also actively shaping its future to become Vietnam’s largest owner and producer of esports content. After the success of ON Live Valorant Series (OVS) Season 1, OLE quickly launched Season 2, reaffirming its commitment to expanding Vietnam’s esports ecosystem.

These partnerships are a game-changer, further integrating traditional television with the rapidly evolving esports landscape. OLE is actively bringing esports to television, making esports more accessible to the public than ever before. By expanding its broadcast reach, OLE ensures that esports content reaches the widest possible audience, bridging the gap between digital platforms and mainstream media.

ON Live Valorant series (OVS) has been to Season 2 with many expectations from the audiences.
ON Live Valorant series (OVS) has been to Season 2 with many expectations from the audiences.

OVS has been to Season 2 with many expectations from the audiences.

With government support, corporate investment, and international partnerships, Vietnam is not just catching up—it is setting new industry standards. As OLE continues its expansion, the world is watching. The question is no longer whether Vietnam will be a major esports player, but how far it will go.