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Vingroup Rises 11 Places In Fortune Southeast Asia 500, Ranking Among The Region’s Top 30 Largest Companies

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HANOI, VIETNAM – Media OutReach Newswire – 17 June 2026 – Vingroup ranked 26th in Fortune’s Southeast Asia 500 ranking, rising 11 places from 37th in 2025 and 19 places from 45th in 2024. The Group continues to be the highest-ranked private enterprise in Vietnam.Advancing in the ranking for two consecutive years underscores Vingroup’s scale, competitiveness, and sustainable growth momentum, while highlighting its increasingly prominent position among the region’s leading companies.

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This marks the third year that Fortune has published its Southeast Asia 500 ranking. The list ranks companies based on total revenue across seven countries in the region, including Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.

According to Fortune, Vingroup ranked as the No. 1 private enterprise in Vietnam and No. 26 among the 500 largest companies in Southeast Asia. This year’s Southeast Asia 500 recognizes companies that are well positioned to capitalize on shifts in global supply chains and the rapid growth of strategic industries such as electric vehicles and artificial intelligence.

In addition to its scale of assets, Vingroup was highly recognized for its financial performance and operational efficiency. According to Fortune, in 2025, Vingroup recorded revenue of USD 12,760.6 million, representing year-on-year increases of 69.1% compared to the figures reflected in the 2025 ranking. Vingroup recorded net profit of USD 436.5 million and total assets of USD 42,536.4 million.

Vingroup is a diversified conglomerate operating across Industrials – Technology, Real Estate and Services, Infrastructure, Green Energy, Culture and Social Enterprises.

Within the Industrials – Technology pillar, VinFast reinforced its leading position in Vietnam’s automobile and electric two-wheeler markets while continuing its global expansion.

In 2025, VinFast delivered nearly 200,000 electric vehicles worldwide, up 102% year-on-year. The result exceeded the Company’s 2025 target and marked the highest annual delivery volume since its inception. In the first quarter of 2026, VinFast delivered 58,577 electric vehicles across all markets, representing a further 61% increase compared with the same period last year.

Within the Real Estate and Services pillar, Vinhomes maintained its market-leading position with 32 residential developments in operation, home to approximately 650,000 residents. In 2025, Vinhomes recorded contracted sales of VND 205.3 trillion, up 98% year-on-year, with more than 34,000 units delivered. Its unrecognized contracted sales backlog reached VND 186.4 trillion, providing a solid foundation for future growth. Consolidated net revenue totaled VND 153.3 trillion, up 49.8% from 2024, while net profit after tax reached VND 43.3 trillion, up 23.6% year-on-year and exceeding the Company’s annual target.

In 2026, Vinhomes launched a series of large-scale urban developments across Vietnam, including the 6,200-hectare Vinhomes Global Gate Ha Long in Quang Ninh Province, the 512-hectare Vinhomes Hai Van Bay in Da Nang, and the 1,080-hectare Vinhomes Saigon Park in Ho Chi Minh City. These developments are expected to reshape Vietnam’s urban landscape while contributing to the sustainable growth of the real estate market.

Meanwhile, Vinpearl continued to lead Vietnam’s hospitality, tourism and entertainment sector, operating 60 facilities across 20 provinces and cities. Its ecosystem includes more than 17,500 rooms across a network of five-star hotels and resorts; 15 VinWonders theme parks; six championship golf courses; and three international-standard convention centers and theaters under the VinPalace brand. The portfolio also features two semi-wildlife conservation parks and an equestrian academy. In addition, Vinpearl’s signature live-action performances in destinations such as Nha Trang and Phu Quoc attract millions of visitors each year.

Within the Infrastructure pillar, VinSpeed has commenced construction of Vietnam’s first two high-speed rail projects: the Ben Thanh – Can Gio line in Ho Chi Minh City and the Hanoi – Quang Ninh line. Launched in April 2026, the Hanoi – Quang Ninh route is the country’s first interregional high-speed railway project. Beyond creating a powerful growth engine for Northern Vietnam’s key economic region, the project represents an important step toward enhancing the nation’s long-term competitiveness.

Within the Green Energy pillar, VinEnergo announced its expansion plans across Asia and Europe, supported by a renewable energy project pipeline with a total capacity of 10 GW that has already secured development agreements. In Vietnam, the company has obtained investment registration certificates for four renewable energy projects.

Within the Social Enterprises pillar, VinUniversity became the youngest university in Vietnam to receive the FIBAA Quality Seal in March 2026. In healthcare, Vinmec inaugurated its 10th hospital, spanning over 31,000 sqm, with 114 inpatient beds and a designed capacity of 135,000 patient visits annually.

At the end of 2025, Vingroup launched its Culture pillar to preserve and promote Vietnamese cultural values and bring them to the world. In May 2026, the Group introduced V-Film, a film and television production and distribution company, with the goal of supporting the development of a professional, modern, and globally integrated Vietnamese film industry.

Looking ahead, Vingroup remains committed to accelerating its core business activities, leveraging the strengths of its diversified ecosystem, enhancing operational efficiency, and expanding its international presence. Through these efforts, the Group aims to achieve its 2026 targets while further strengthening its position as one of the region’s leading enterprises.
Hashtag: #Vingroup

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

Laos-China Railway Freight Tops 10 Million Tons in Early 2026, Triples Last Year

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Thongsavanh Souvannasane
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An international cargo train of China-Laos Railway is pictured at Wangjiaying West Station in Kunming, Southwest China's Yunnan province, Jan 2025. P(hoto Xinhua)

The Lao-China Railway (LCR) has transported more than 10 million tons of freight so far in 2026, more than triple the three million tons recorded across the entire first half of 2025.

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KuCoin Wealth Introduces Its First Quant Fund as Demand Grows for Professional Digital Asset Allocation

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Advertorial Desk
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PROVIDENCIALES, Turks and Caicos Islands, June 17, 2026 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, today announced the launch of the KuCoin Wealth Quant Fund, introducing its first product, the Neutral Enhanced Fund. Designed for high-net-worth users, the fund brings professionally managed, market-neutral digital asset strategies into the KuCoin Wealth experience, offering a more structured approach to long-term capital allocation, risk management and portfolio diversification.

As the digital asset market matures, investor needs are moving beyond simple market access, spot trading and basic yield products. High-net-worth users and professional investors are increasingly focused on how to manage digital assets more effectively across market cycles, activate existing holdings, reduce reliance on one-sided market exposure and gain greater clarity around strategy, fees, liquidity and risk.

This shift is revealing a layer of demand between conventional crypto yield products and institutional-style private fund solutions. While basic Earn products are accessible, they may not fully meet the needs of users seeking more advanced allocation strategies. Private funds and institutional solutions, meanwhile, can involve higher thresholds, longer processes and less standardized access. In response to this market demand, KuCoin Wealth Quant Fund was designed to provide access to a professional market-neutral strategy through an exchange-native product experience with clear subscription, redemption, NAV and fee mechanisms.

The Neutral Enhanced Fund employs quantitative market-neutral strategies, including arbitrage and long-short trading, with the goal of minimizing dependence on overall market movements. Designed to offer both accessibility and flexibility, the fund is denominated in USDT, has a relatively low minimum subscription requirement of 50,000 USDT, and features a 30-day lock-up period, providing investors with greater liquidity than many longer-term alternatives. Transparency is also a key feature of the fund. There are no subscription or management fees, and performance fees are charged only when an investor’s NAV surpasses their individual high-water mark and generates new gains. No performance fee is incurred during drawdown periods or when the NAV remains below the high-water mark, ensuring that fees are closely aligned with actual investment results.

Supported by an independent custody framework, sub-account management, real-time monitoring and comprehensive risk controls, KuCoin Wealth Quant Fund reflects KuCoin’s broader commitment to building trusted, transparent and responsible digital asset wealth management solutions for users moving from trading toward long-term allocation.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform trusted by over 40 million users across 200+ countries and regions. Known for its user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

X Financial Announces Leadership Change

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Advertorial Desk
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SHENZHEN, China, June 17, 2026 /PRNewswire/ — X Financial (NYSE: XYF) (“X Financial” or the “Company” or “we”), a leading Chinese fintech platform, today announced that Mr. Yufan Jiang resigned from his position as the Chief Risk Officer of the Company, effective from July 1, 2026, due to personal reasons. Mr. Yufan Jiang’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures. We express our gratitude for his dedicated contributions during his tenure with the Company. We also extend our sincere best wishes to Mr. Yufan Jiang for his future career and personal life.

Effective July 1, 2026, Mr. Kan Li will be appointed as Acting Chief Risk Officer of the Company.  Mr. Kan Li has served as the President and Director of the Company and will continue to hold these positions.

Mr. Kan Li has served as the President of the Company since May 2021, Director since December 2021 and our Chief Risk Officer from November 2017 to November 2023. Mr. Li joined our company in 2015, initially serving as a Department Head overseeing unsecured loan risk from 2015 to 2017.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading Chinese fintech platform. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system.

For more information, please visit http://ir.xiaoyinggroup.com.

Disclaimer

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

X Financial

Mr. Fuya Zheng
Mr. Noah Kauffman
E-mail: ir@xiaoying.com

 

WRISE Group Officially Launches WRISE Academy in Wuxi

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Advertorial Desk
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This new office located in the Yangtze Delta region strengthens family governance and intergenerational succession capabilities for next-generation family leaders


HONG KONG SAR / WUXI, CHINA – Media OutReach Newswire – 17 June 2026 – WRISE Group (“WRISE”), one of Asia’s fastest-growing independent wealth management firms, announced the official launch of WRISE Academy in Wuxi, dedicated to family governance and talent development. This new office comes amid accelerating intergenerational wealth transfer across China and rising demand for structured family governance wealth management solutions.

The Wuxi office, which follows Shenzhen, Changsha and Chengdu locations, marks the 4th expansion of WRISE Academy across Mainland China. This office will focus on education related to family governance, wealth succession and cultivation of next-generation family leaders, providing high-net-worth families with systematic governance guidance, succession planning resources, as well as learning support and networking platforms for family talent development.

Serving Intergenerational Succession Needs Across the Yangtze River Delta

The Yangtze River Delta region is a significant contributor to China’s overall economic growth, with total exports from the region alone reaching 10.85 trillion yuan in 2025, or 40.2 percent of China’s overall exports.

Wuxi, located in the economic circle of the Yangtze River Delta, is home to significant number of privately owned and family-run enterprises, where demand for succession planning is rising as founders prepare for generational transition. In this pivotal period of wealth and leadership transfer, family governance and next-generation leadership development are increasingly important priorities for high-net-worth families.

Supporting family legacy and governance globally

The WRISE Academy expansion reflects the firm’s global focus on supporting long-term family legacy and governance beyond wealth preservation. “The core of a family office is not only in maintaining and increasing the value of assets, but also the continuation of values and the inheritance of family culture. Focusing on family governance and next generation development through WRISE Academy helps families build sustainable governance systems that support future generations,”said Derrick Tan, Group Executive Chairman of WRISE.

Stephen Yan, Executive Vice Chairman of WRISE, adds: “With intergenerational wealth transfer in China continuing to drive changes in governance and succession planning among high-net-worth families, WRISE Academy will continuously integrate global resources and professional networks to support the succession and governance of Chinese families.”

Collaboration for Greater Success

The opening of the WRISE Academy in Wuxi marks the next phase in WRISE Academy’s evolution from a talent development platform to a comprehensive family governance ecosystem. “With WRISE’s presence in the Yangtze River Delta, we are bringing together Hong Kong’s established family office governance expertise with practical needs of Mainland Chinese family enterprises to nurture a new generation of family leaders with both global perspectives and deep local understanding,”says Dr. Jowin Fung Vice Chairman, WRISE Hong Kong and Chief Executive Officer of WRISE Academy.

Looking ahead, the WRISE Academy will continue to expand its family governance ecosystem and deepen engagement with high-net-worth families across Mainland China. It will also strengthen collaboration with local business associations, universities and professional institutions to facilitate knowledge sharing through seminars, workshops and certification programmes. Such initiatives will support family enterprises in building more sustainable frameworks encompassing governance structures and succession planning.

“Through structured programmes, mentorship and exchange initiatives, WRISE Academy empowers next-generation family leaders to define their roles and responsibilities in the succession journey. The Wuxi office will serve as an important platform for family governance dialogue and collaboration across the Yangtze River Delta,” says Megan Zhang, Chief Executive Officer of WRISE Private Hong Kong.

Hashtag: #WRISE

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

About WRISE

WRISE is one of Asia’s fastest-growing financial firms, driven by strategic acquisitions of companies with deep expertise and solid foundations. With a strong presence across key financial hubs including Singapore, Hong Kong, Dubai, Tokyo, Shanghai, Shenzhen, Changsha, Chengdu, Wuxi, Taipei and Bangkok, WRISE is home to one of the largest networks of independent qualified advisors. With over 600 employees located globally, supported by an ecosystem of over 200 financial intermediaries and access to eight booking centres worldwide, WRISE ensures unparalleled service and expertise in navigating today’s financial landscape.

WRISE Group of companies include WRISE Wealth Management (Singapore), WRISE Wealth Management (Hong Kong), WRISE Wealth Management Middle East Ltd (DIFC, regulated by the DFSA), WRISE Prestige (Hong Kong) Limited, WRISE Prestige Securities (Hong Kong), WRISE Prestige Asset Management (Hong Kong), WRISE Capital (Hong Kong), WRISE Financial Services (Hong Kong), and affiliates including WeWrise Services.

About WRISE Academy

WRISE Academy is an educational platform dedicated to advancing the standards of wealth management, family governance and succession planning practice in Asia. Through structured education, research, and practitioner training, it seeks to equip professionals with the knowledge and capabilities required to navigate increasingly complex client needs in an evolving global financial landscape.

Disclaimer
WRISE Academy provides training, research and exchange activities only. All content provided by WRISE Academy is intended solely for educational and knowledge-sharing purposes. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial products, and should not be construed as legal, tax or audit advice. Any relevant professional services, where required, should be rendered by qualified third-party practitioners and institutions.

SeABank completes charter capital increase to VND 34,288 billion

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Advertorial Desk
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HANOI, VIETNAM – Media OutReach Newswire – 17 June 2026 – With approval from the State Bank of Vietnam, Southeast Asia Commercial Joint Stock Bank (SeABank, HOSE: SSB) has officially completed its charter capital increase to VND 34,288 billion. The additional capital is expected to strengthen the Bank’s market competitiveness, improve its safety ratios, and expand its growth capacity.

SeABank completes charter capital increase to VND 34,288 billion

On June 12, 2026, the State Bank of Vietnam issued Decision No. 1269/QD-NHNN regarding the amendment of charter capital information in SeABank’s Establishment and Operation License.

Accordingly, SeABank’s charter capital has increased from VND 28,450 billion to VND 34,288 billion, up VND 5,838 billion. The capital increase was carried out through the issuance of 583.8 million shares to existing shareholders at a ratio of 20.5202%, funded by accumulated undistributed after-tax profits as at December 31, 2025, according to SeABank’s audited separate financial statements for 2025.

The capital increase is part of the roadmap approved by SeABank’s 2026 Annual General Meeting of Shareholders (AGM). In the next phase, SeABank plans to further increase its charter capital through the issuance of up to 40 million ESOP shares at a price of no less than VND 10,000 per share, reserved for management personnel meeting defined criteria in terms of work performance, professional competence, and commitment to the Bank.

In the context of increasingly stringent requirements for capital adequacy and digital transformation, the additional capital is expected to help SeABank improve safety ratios, expand business scale, and increase investment in technology infrastructure, laying a stronger foundation for the Bank’s growth in the period ahead.

With a strengthened financial foundation following the capital increase, SeABank will continue to focus on expanding its retail banking business, accelerating digital transformation, and improving the quality of products and services to better meet customer needs, while delivering sustainable value for shareholders and stakeholders.

Hashtag: #SeABank

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

Lanson Place Celebrates Its Strongest Ever Performance At Tripadvisor’s 2026 Travellers’ Choice Awards

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Advertorial Desk
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Seven properties honoured across Asia-Pacific, including highly prestigious ‘Best of the Best’ recognition for Lanson Place Parliament Gardens, Melbourne


HONG KONG SAR – Media OutReach Newswire – 17 June 2026 – Lanson Place is proud to announce that seven of its hotels and serviced residences across Asia-Pacific have been recognised in the 2026 Tripadvisor Awards.

Lanson Place Celebrates Its Strongest Ever Performance At Tripadvisor's 2026 Travellers' Choice Awards

Leading this year’s achievements across the region is Lanson Place Parliament Gardens, Melbourne, which has received Tripadvisor’s highly coveted Best of the Best Award 2026, an accolade which places the property among the top one percent of hospitality listings worldwide.

This distinction represents Tripadvisor’s highest level of recognition and is only reserved for properties that consistently receive outstanding guest reviews and ratings over an extended period.

Six Lanson Place properties have also won a 2026 Travellers’ Choice Award, placing them among the top ten percent of listings globally. The awards are based on authentic traveller feedback and experiences that have been shared on Tripadvisor throughout the year.

2026 Tripadvisor Best of the Best Award

  • Lanson Place Parliament Gardens, Melbourne

2026 Tripadvisor Travellers’ Choice Award

  • Lanson Place Causeway Bay, Hong Kong
  • Lanson Place Waterfront Suites, Hong Kong
  • Lanson Place Bukit Ceylon, Kuala Lumpur
  • Lanson Place Winsland, Singapore
  • Lanson Place Mall of Asia, Manila
  • Two MacDonnell Road, Hong Kong

“To be recognised by Tripadvisor is especially meaningful because these awards are determined by the people who matter most, namely our guests,” said Michael Hobson, Chief Executive Officer of Lanson Place.

“Lanson Place Parliament Gardens, Melbourne receiving a Best of the Best Award, ranking in the top 1% globally, is a particularly rewarding achievement after its first full year of operation. These awards are testament to the passion and dedication demonstrated every single day by our teams across Asia Pacific. We are thrilled that travellers continue to choose Lanson Place and share such positive experiences of our personalised hospitality.”

A Melbourne Landmark

As Tripadvisor’s most prestigious accolade, the Best of the Best recognition for Lanson Place Parliament Gardens, Melbourne ensures that the hotel joins an elite group around the world which are recognised for delivering exceptional guest satisfaction and memorable stays.

Since opening in Melbourne’s historic Parliamentary Precinct as the city’s first five-star boutique hotel, it has distinguished itself through its beautifully designed residences, personalised service and ability to blend hotel comfort and convenience with the warmth of a private home.

Regional Recognition

The six Travellers’ Choice Award-winning properties also underline the strength and consistency of the Lanson Place portfolio across Asia Pacific.

In Hong Kong, both Lanson Place Causeway Bay and Lanson Place Waterfront Suites received recognition, while Two MacDonnell Road further reinforced the group’s strong reputation in its home market.

Across Southeast Asia, Lanson Place Bukit Ceylon in Kuala Lumpur, Lanson Place Winsland in Singapore, and Lanson Place Mall of Asia in Manila were similarly honoured, reflecting the brand’s ability to deliver exceptional hospitality experiences tailored to each destination.

Together, these awards highlight the consistency of the Lanson Place experience across its growing portfolio, where personalised service, thoughtfully designed living spaces, and genuine care remain at the heart of every guest stay.

Hashtag: #LansonPlace

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

About Lanson Place Hospitality Management Limited

Lanson Place is a wholly owned subsidiary of Wing Tai Properties Limited (Wing Tai), a publicly listed company in Hong Kong (HKEx stock code: 369). The transformative hospitality management company currently manages eight properties under the Lanson Place brand, comprising Personal Hotels and Residences in Hong Kong, Shenzhen, Shanghai, Singapore, Kuala Lumpur, Manila and Melbourne. Additionally, it manages Two MacDonnell Road in Hong Kong as well as Yiju Apartment in Shenzhen.

Lanson Place provides comfortable, personal sanctuaries for both short-term and extended-stay guests at central locations in major global cities. Infused by a family-like service tradition, Lanson Place creates warm and sheltered places with a club-style feel where communities form and bond. Guests can enjoy a true home-away-from-home experience.

The Group aims to grow the Lanson Place brand across the Asia-Pacific region and continues to explore both investment and management opportunities in major gateway cities.

Lanson Place is a proud member of the and recognises its guests through one unified loyalty programme, , part of GHA DISCOVERY.

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Alibaba Cloud Expands European Footprint with Two Availability Zones in France

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Advertorial Desk
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A suite of Agentic AI services set to launch for European customers later this year


PARIS, FRANCE – Media OutReach Newswire – 17 June 2026 – Alibaba Cloud, a leading global provider of AI infrastructure and the intelligence backbone of Alibaba Group, today announced the launch of its cloud region in France. Featuring two availability zones, this launch addresses accelerating demand from European customers across key sectors – including retail, software development, AI-powered creative platforms, and sports tech – for advanced cloud and digital solutions located in Europe. The new facilities in Paris mark Alibaba Cloud‘s third European hub, complementing its existing infrastructure in Germany and the UK.

The France region delivers a comprehensive suite of enterprise-grade cloud computing services, spanning elastic computing, storage, containerization, networking, security, databases, and advanced developer tools. Built with strict data privacy and sovereignty in mind, the infrastructure adheres to rigorous European regulatory frameworks and standards, including data privacy, cybersecurity, resilience, and sovereignty.

Now fully operational, the France region equips European businesses with high availability, operational resilience, and robust disaster recovery capabilities. This launch expands Alibaba Cloud‘s global network to 105 availability zones across 32 regions, reinforcing its commitment to providing a secure, scalable, and sustainable foundation for global digital innovation.

To meet the growing demand for enterprise agents, Alibaba Cloud plans to launch a suite of agentic AI services in European markets in the second half of this year. The lineup includes AgentRun, a one-stop development platform for AI agents; STAROps, a comprehensive intelligent operations platform; ACS Agent Sandbox, which provides hardware-level security isolation while reducing operational costs of AI agents; Agent Security Center, which ensures agent build-time integrity and supply chain transparency; AI Security Guardrails 2.0, designed for safe model interactions, local compliance, and runtime risk interception; and Agentic SOC, a solution enabling automated threat response and closed-loop auditing. These products are designed to streamline the development and operation of enterprise-scale agents within a secure environment, offering full lifecycle management from development and debugging to deployment, real-world operations, and end-to-end security protection.

“The expansion of our cloud infrastructure into France reinforces our ongoing commitment to empowering European businesses with sovereign, secure, and intelligent solutions,” said Dr. Feifei Li, Chief Technology Officer and President of International Business of Alibaba Cloud. “This expansion, alongside the introduction of our agentic AI services to Europe, aligns with our broader strategy to bring our full-stack AI+Cloud ecosystem to global customers as we enter the agentic era.”

Alibaba Cloud has served European markets since 2016, supporting prominent multinationals in expanding globally while helping local businesses stay competitive. For example, SAP collaborates with Alibaba to jointly accelerate enterprise innovation and digital transformation, with an initial focus on the China market and a rollout planned for Southeast Asia, the Middle East and Africa. Additionally, Alibaba Cloud has been working with local technology partners to deliver tailored cloud and digital solutions across Europe.

During the Olympic Games Paris 2024, Alibaba Cloud served as the Worldwide Olympic Partner and Official Cloud Service Provider, driving the digital transformation of the Games through its cloud and AI innovation. Notably, in partnership with Olympic Broadcasting Services (OBS), Alibaba Cloud launched OBS Cloud 3.0. The initiative made the work of OBS and Media Rights-Holders (MRHs) easier and more efficient, and delivering of live signals over OBS Live Cloud became the main method of remote distribution to broadcasters for the first time in the history of the Olympic Games.

In May 2026, Alibaba announced a multi-year partnership with the Union of European Football Associations (UEFA) and UC3, the joint venture between UEFA and European Football Clubs (EFC) that controls and manages the strategic marketing, sales, and delivery of commercial rights for UEFA club competitions. The partnership, starting immediately with UEFA and in 2027 with UC3, will see the deployment of Alibaba’s advanced AI capabilities to support fan engagement and media and content management via its Qwen Large Language Model (LLM). Together with its cloud computing infrastructure and global e-commerce platform, Alibaba will power an immersive fan and content experience worldwide across UEFA’s flagship men’s competitions.

Alibaba Cloud’s expanded presence in Europe underscores its unwavering commitment to driving digital innovation in the region. By providing local businesses with leading AI+Cloud solutions to efficiently build, deploy, and manage AI agents, Alibaba Cloud aims to accelerate their transition from traditional automation to agent-led intelligent operations. At its recent international Qwen Conference, the company unveiled major updates across its foundation models, AI infrastructure, cloud-native tools, and enterprise agent products, helping global enterprises rapidly deploy practical AI agents into day-to-day business environments.

Hashtag: #AlibabaCloud

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

About Alibaba Cloud

Alibaba Cloud (https://www.alibabacloud.com/) is a global leader in full-stack AI+Cloud solutions. It offers a comprehensive suite of flexible, scalable and secure cloud services built on a three-tiered architecture of Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Model-as-a-Service (MaaS). Alibaba Cloud empowers enterprises worldwide with its full-stack AI capabilities, powered by Qwen (Chinese: Qianwen), a family of large language and multimodal AI models developed by Alibaba. Debuted in 2023, Qwen models are available to global developers via HuggingFace (open-weight) or through API on Model Studio, Alibaba’s one-stop, enterprise-grade AI development platform offering access to the full suite of Qwen foundation models.

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