28.2 C
Vientiane
Monday, June 23, 2025
spot_img
Home Blog Page 698

Comviva Launches Next Gen MobiLytix Rewards to Deliver AI-led SaaS Loyalty Platform

–  Powered by AWS’ secure and scalable cloud infrastructure, the end-to-end solution enables CSPs, Retail, and BFSI to drive reward-based promotions and loyalty programs
–  Delivers personalized reward recommendations and tailored communications based on individual customer behaviors that drive customer engagement.

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of MobiLytix™ Rewards 5.0, a unified AI-driven SaaS Loyalty Platform, which accelerates the application of AI for loyalty and enables seamless execution of loyalty programs with gamification and personalization across digital channels. MobiLytix™ Rewards is an end-to-end solution for CSPs, Retail and BFSI to deliver reward-based promotions and loyalty programs to consumers, enterprises, and employees.

The new-age SaaS loyalty platform offers a dynamic, data-driven approach with seamless integration across web, mobile, and in-store channels, building lasting customer relationships. The platform serves as a powerful tool for fostering customer retention and driving revenue growth. Built on AWS’ secure and flexible cloud infrastructure, the platform will ensure data security and privacy, providing transparency and trust in the loyalty program’s transactions and customer interactions.

The MobiLytix™ Rewards platform enables tailored programs offering real time points, instant rewards, dynamic tier configuration, multiple wallets, gamification, robust dashboards, flexible reporting, and rewards across many categories. This is an industry agnostic platform that caters to simple and complex use cases across the customer lifecycle; acquisition, engagement, retention and brand advocacy.

Amit Sanyal, EVP & COO, Martech Solutions at Comviva, said, “We are proud to unveil our Next Gen MobiLytix Rewards, a game-changing solution that leverages advanced AI capabilities to transform the loyalty landscape. This launch underscores our commitment to providing clients with state-of-the-art tools that drive customer engagement and create meaningful, personalized experiences. By integrating AWS cloud infrastructure, MobiLytix Rewards 5.0 ensures a robust and scalable platform for fostering deep customer relationships globally.”

Commenting on the success of its loyalty program, Michael Wright, CEO of Gourmet Food Stores, Egypt, said, “We introduced a strategically designed, dynamic tiered loyalty program powered by Comviva’s MobiLytix Rewards and hosted on AWS Cloud, delivering exceptional results. By offering hyper-personalized experiences and enhanced value, the program has strengthened customer engagement, elevated brand perception, and driven significant revenue growth.”

Comviva was recently named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report. Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization and contextualized customer experiences.

The MobiLytix™ Rewards platform currently serves over 120 million end customers, with a vast global rewards catalog spanning over 10 million items. The platform is deployed across 15 countries and issues more than 8 billion reward points weekly, marking its global impact and reach.

 

Xinhua Silk Road: Over 40,000 purchasers projected to attend 33rd East China Fair in Shanghai

BEIJING, March 4, 2025 /PRNewswire/ — More than 40,000 domestic and foreign purchasers are projected to attend the 33rd East China Fair (ECF), which is being held in east China’s Shanghai from March 1 to 4.

The fair is jointly organized by the commerce authorities from cities and provinces in east China, including Shanghai, Nanjing and Ningbo as well as the provinces of Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi and Shandong. Since its inception in 1991, it has become an important barometer of China’s foreign trade.

Covering 115,000 square meters, this year’s fair features over 5,100 booths across six themed sections of garments, textiles, home products, gifts, cross-border e-commerce, and overseas products.

About 3,000 export enterprises from the nine eastern cities and provinces are participating in the fair, aiming to seize new opportunities in foreign trade.

Shanghai Silk Group Co., Ltd. has once again brought its women’s clothing brand LILY to the ECF this year. Calvin Chen, director of LILY brand’s international business, noted that many of the clothes showcased at the fair would become available in stores in Southeast Asia and other regions as early as the end of March.

Many attending foreign trade enterprises exhibit innovative products and items tailored to niche market demands.

For instance, Jiangxi Daishing POF Co., Ltd. has presented its “luminescent” fabrics, which are woven from plastic optic fibers and yarns. Products made from this material, such as baseball caps and pet clothing, will emit light in the dark, thus enhancing safety during nighttime.

He Jian, who is in charge of the company’s business, said that the company developed around 20 to 30 new clients in the 32nd ECF and received inquiries from dozens of customers shortly after the 33rd ECF kicked off.

Innovation in trade has made China’s exports more resilient, said Ji Shengjun, president of the Shanghai Chamber of Commerce for Import and Export. He added that the proportion of high-tech-intensive industry exports in the total is on the rise.

Original link: https://en.imsilkroad.com/p/344658.html

ZTE reinforces global leadership in 5G FWA & MBB at MWC Barcelona 2025

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, has unveiled multiple FWA & MBB products, powered by ZTE AI FWA solution and AI-driven GIS product philosophy at MWC Barcelona 2025. The lineup includes the ZTE G5 Ultra, the world’s first AI-powered 5G-Advanced flagship FWA, the ZTE G5 Max Wi-Fi, the world’s first 30dBi Wi-Fi 7 mmWave FWA, and the ZTE U60 Pro, the world’s fastest Wi-Fi 7 5G Mobile Wi-Fi.

ZTE world-leading FWA & MBB solutions for person, vehicle and home scenarios
ZTE world-leading FWA & MBB solutions for person, vehicle and home scenarios

ZTE Leads Global 5G FWA & MBB Market with World No.1 Performance

According to the latest TSR report, ZTE has maintained its world No.1 position in the FWA & MBB market share for four consecutive years, achieving a 38% increase in global shipments. With partnerships across more than 130 operators in over 100 countries, ZTE has shipped more than 250 million devices globally. ZTE has also been recognized as the overall leader, top innovator, and top implementer by ABI Research.

ZTE’s expansive portfolio includes integrated products and solutions catering to person, vehicle and home scenarios, serving both individual consumers and industrial customers. This diverse offering is backed by ZTE’s commitment to technological innovation, as seen in the industry’s first full-stack AI FWA solution, highlighting six core AI-driven features: AI Multi-Scenario Application, AI QoS Management, AI Voice Control, AI Application Recognition, AI Children Protection, and real-time AI Network Optimization.

ZTE Unveils Three World-Leading AI-Powered 5G FWA & MBB Products in Strategic Cooperation with Qualcomm

ZTE jointly unveiled three groundbreaking products in strategic cooperation with Qualcomm, which highlight the company’s GIS (Green, artificial Intelligence, Security) product philosophy based on its AI FWA Solution. All three products are equipped with Qualcomm Dragonwing™ FWA Gen 3 platform, featuring the Snapdragon® X75 5G Modem-RF System, enabling breakthroughs in 5G performance, energy efficiency, spectrum flexibility and improved connectivity.

ZTE G5 Ultra, the world’s first AI-powered 5G-Advanced flagship FWA, delivering peak speed of up to 19Gbps. It supports tri-band Wi-Fi 7, dual 2.5Gbps ultra-fast network ports, and integrates AI voice control and AI QoS management. Leveraging advanced AI algorithms, it dynamically optimizes network performance, ensuring seamless connectivity for online gaming, 4K streaming, and remote work.

ZTE G5 Max Wi-Fi, the world’s first 30dBi Wi-Fi 7 mmWave FWA, supporting both Sub-6GHz and mmWave carrier aggregation with peak speeds of up to 10Gbps. Featuring a 30dBi ultra-high-gain antenna design, it ensures stable signal receiving up to 6km coverage in outdoor environments, realizing 200% downlink speed increasing and 500% uplink speed increasing and 70% power consumption decreasing. It also supports super-fast Wi-Fi 7 for more flexible usage scenarios.

ZTE U60 Pro, the world’s fastest Wi-Fi 7 5G Mobile Wi-Fi, delivers peak speeds of 3.6Gbps and comes with a 10,000mAh battery, enabling 16 hours of long working time and extended connectivity. With dual-band Wi-Fi 7, fast charging, and reverse charging capabilities, it provides convenient power-sharing for other mobile devices. Featuring a touchscreen interface and NFC-enabled quick Wi-Fi connection, ZTE U60 Pro enhances user convenience.

Pioneering the Future of 5G FWA & MBB with AI-Powered Solutions

ZTE emphasizes its GIS (Green, artificial Intelligence, Security) product philosophy, including key features like Green Energy Efficiency, with AI-driven energy-saving strategies that learn from user behavior to optimize power consumption; AI-Powered Intelligence, with ZTE’s AI Super Antenna, which boosts network speed by 20%, ensuring reliable connectivity even in weak signal areas; and Smart Network Optimization, which dynamically allocates bandwidth to improve efficiency by 20% and reduce congestion by 30%. ZTE also introduces Advanced Security features, including AI-based threat detection and the Child Guardianship feature to ensure safe online experiences for children.

Adhering to AI for All strategy, ZTE elevates user experience through multi-dimensional upgrades, creating a 1+2+N full-scenario AI ecosystem that enhances the overall user interaction, efficiency, emotional resonance, and functional value of ZTE products. With its innovative products and AI-driven solutions, ZTE is empowering digital inclusion and delivering intelligent, secure, and reliable network experiences to users around the world.

For more information, please visit the ZTE booth (3F30, Hall 3, Fira Gran Via) at MWC Barcelona 2025 or explore: https://www.zte.com.cn/global/about/exhibition/mwc25.html

MEDIA INQUIRIES:
Email: ZTE.press.release@zte.com.cn 

IFS appoints Hannes Liebe as President, APJMEA

IFS appoints Hannes Liebe as President, APJMEA

DUBAI, UAE, March 4, 2025 /PRNewswire/ — IFS, the leading provider of enterprise cloud and Industrial AI software, announces the appointment of Hannes Liebe as the new President of Asia Pacific, Japan, Middle East, and Africa (APJMEA). Hannes will be responsible for driving growth across the region, expanding IFS’s geographical footprint, and reinforcing strategic partnerships.

Hannes joined IFS in 2024 as Interim Managing Director for DACH and Chief Operating Officer role in North and Central Europe. He brings a wealth of leadership and industry experience, having previously held senior roles at Finastra and SAP. In his new role, Hannes will lead the charge in accelerating IFS’s business expansion in the region, expanding IFS growth via direct and indirect channels.

APJMEA is an increasingly important region for IFS, being home to leading enterprises across IFS’s strategic industries. IFS’s leading offerings in Enterprise Asset Management, Field Services Management & Manufacturing Cloud ERP, combined with their leading Industrial AI capabilities, are expected to drive exponential growth over the next years. Hannes’s additional focus will therefore be leading IFS strategic investments in high-potential markets, including Kingdom of Saudi Arabia and Japan, and expanding IFS’s global network by attracting new partners.

Simon Niesler, Chief Revenue Officer at IFS, said, “Hannes has already proven his leadership skills at IFS, and I know he will leverage his experience to drive greater growth in the APJMEA region. He will be instrumental in not only strengthening our presence in the region but also helping us reinforce our commitment to delivering value to our customers, especially in areas where Industrial AI plays a significant role in transforming businesses.”

“IFS is entering an exciting phase, surpassing €1 billion in ARR and remarkable growth in IFS.ai adoption. APJMEA, in particular, presents new growth opportunities, and I am eager to collaborate with our regional teams, partners, and customers as I take on this new role,” said Hannes Liebe, President APJMEA, at IFS.

Hannes takes over from Vincent Carvalho, who is moving to the role of President of Strategic GTM Initiatives in IFS’s Acquisitions Unit.

For further information, please contact:

IFS Press Contacts:
EUROPE / MEA / APJ:
Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: adam.gillbe@ifs.com

NORTH AMERICA / LATAM:
Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: mairi.morgan@ifs.com

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

 

China Unicom Launches AI Unites All Plan to Bridge Digital Divide Via Industry Intelligence Supported by Huawei

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — During MWC 2025 in Barcelona, China Unicom held a development workshop with the theme of 5G-A Empowering, AI Transforming, Digital Living. Jian Qin, General Manager (GM) of China Unicom and Yang Chaobin, Huawei Board Member and CEO of the ICT Business Group attended the press conference and delivered speeches. Several representatives from the industry, including GSMA, shared their ideas. The AI Unites All plan and its surrounding achievements were officially released at the conference, angled heavily on the integration of networks, services, and AI.

According to Jian Qin in his speech, “China Unicom remains committed to technological innovation as our guiding principle, actively embracing the Al revolution, and contributing ‘Unicom Intelligence’ and ‘Unicom Solutions’ to global smart transformation. With forward-looking planning and sustained investment in Al, we prioritize integrated innovation across five pillars: computing infrastructure, network connectivity, data resources, model development, and application scenarios. Our goal is to lead and drive the convergence of Al technologies and industrial applications.”

Yang Chaobin mentioned in his speech that Huawei looks forward to working with China Unicom to support their AI Unites All strategy. “We will do this by facilitating a wide range of intelligent user applications with the latest AI technologies. This will allow China Unicom to create new AI service portals with a global impact and make intelligence more inclusive for all,” he said.

As a strategic partner of China Unicom, Huawei and China Unicom maintain close cooperation and work together on converged AI innovation to seize new business opportunities in the AI era. Both parties have built a cloud-based AI service platform for individual and home users, combining cloud, computing, networks, and devices for a unified AI service portal. For example, during the Asian Winter Games, China Unicom launched personalized and cloud-based AI phones with the AI assistant named Tone. The product uses mainstream foundation models and 5G-A networks to provide users with a consistent experience in all scenarios and secure and reliable AI services. Huawei and China Unicom have also been using AI to empower sectors like government, healthcare, and manufacturing, as well as cultural and creative industries, making network experience more secure, reliable, flexible, scalable, efficient, and collaborative. China Unicom has also been actively engaged in advancing synergy between AI and networks. For smart home services, China Unicom has been a leading player in whole-house fiber broadband. The carrier launched the industry’s first HI-CON (Home Intelligent Collaborative Optical Network) communications system that features optical and Wi-Fi collaboration. This system is powered by an intelligent scheduling algorithm that greatly improves overall network experience for home users.

Group photo taken at the AI Unites All launch ceremony
Group photo taken at the AI Unites All launch ceremony

At the conference, China Unicom launched its AI Unites All plan. Under the guidance of its Strategy for Convergence and Innovation, China Unicom will comprehensively advance the synergy of networks and AI to bring intelligent connection to all. It also looks to make AI accessible for use in a much wider range of technologies. By facilitating the integration of services and AI, China Unicom aims to enable various industries to go intelligent and benefit thousands of households.

MWC Barcelona 2025 will be held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1. In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world. For more information, please visit: http://carrier-back.huawei.com/cn/events/mwc2025

Bybit Web3 Brings Back the AI Showdown: Luna AI to Roast Top Crypto Projects on Livestream

DUBAI, UAE, March 4, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will host another Bybit Web3 livestream session that will capture the community’s imagination of an AI-powered future for entertainment, Web3, and on-chain innovation. Live and unrehearsed, Luna, the iconic AI idol, returns in a high-energy roast of over 30 AI projects, evaluating their community strength, hype, and voting power.

The livestream is one of the highlights of Bybit’s ongoing AI-Dol Superstar Battle, where users will get to cast their vote for the next AI “superstar” project from now to Mar. 27 for a chance to win from a $1,000,000 grand prize pool.

Luna made her debut on Bybit Web3’s roasting session Web3 Roasts: Are AI Memes Just Hype or the Real Deal? [Replay] with much sass and insight, entertaining and inspiring a live audience who divided $1,000 in Red Packets in AI tokens. Another 1,000 USDT in Red Packets will be distributed at the upcoming livestream on Mar. 5 at 8AM UTC.

Host:
MK Chin, Head of Marketing of Bybit Web3

Roastmaster:

  • Luna, AI Idol at Luna by Virtuals

Featured AI Projects:

  • VADER
  • ACT

The agenda includes engaging segments headlining with Luna AI’s roasting session, where Luna will not be holding back in illuminating the strengths and weaknesses of various AI projects. Rapid-fire Q&A sessions will follow, allowing representatives from VADER and ACT to present their case to win over audience votes. Additionally, viewers can anticipate an AI trading heatmap that elucidates voting mechanisms and trading strategies, along with an exciting giveaway of 1,000 USDT in Red Packets during the action-packed livestream.

Bybit Web3 Brings Back the AI Showdown: Luna AI to Roast Top Crypto Projects on Livestream
Bybit Web3 Brings Back the AI Showdown: Luna AI to Roast Top Crypto Projects on Livestream

As the integration of AI within the crypto ecosystem accelerates, this event serves to entertain and enlighten crypto and AI enthusiasts, showcasing the forefront of Web3 AI innovation and fostering community engagement. The potential of AI to revolutionize on-chain trading, enhance security, and streamline decision-making processes in crypto is immense.

“AI has the power to transform the way we interact with digital assets, making processes more efficient and secure. And Luna’s popularity shows she can single-handedly bring AI closer to humankind with her quick wit and unique personality,” stated MK Chin, Head of Marketing of Bybit Web3. “This event highlights the competitive spirit of the AI and Web3 community and the collaborative potential that lies ahead.”

This livestream celebrates existing innovations while igniting discussions about the future possibilities of AI in enhancing the cryptocurrency experience. The stakes are high, and the excitement is palpable; the search for the AI-DOL Superstar is on. Users may mark their calendar and tune in on the event page.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

LG Chairman Koo Kwang-mo Champions Group’s “Second Leap” in Key Global Markets

Strategic Visits to Bengaluru, New Delhi, and Dubai to Enhance Future Growth Strategies

SEOUL, South Korea, March 4, 2025  /PRNewswire/ — LG Corp. (LG) Chairman and CEO Koo Kwang-mo has initiated a “Second Leap” for LG with strategic visits to key markets, including India and the UAE, highlighting their growing importance for LG’s global strategy.

Chairman Koo (third from the left, standing) visits LG Electronics' Noida manufacturing plant in New Delhi, India, to observe the air conditioner production process.
Chairman Koo (third from the left, standing) visits LG Electronics’ Noida manufacturing plant in New Delhi, India, to observe the air conditioner production process.

India, with its population of approximately 1.4 billion, is the world’s most populous country. Nearly 600 million people, or around 43 percent of the population, are under the age of 25, presenting a significant demographic advantage expected to drive consumer market growth over the next two decades. International rating agencies project India to become the world’s third-largest economy by 2030.

Recognizing these trends, Chairman Koo met with employees and business leaders in India to evaluate LG’s competitiveness across the value chain, from R&D to manufacturing and distribution. He expressed gratitude to LG employees for their dedication in overcoming challenges and strengthening LG’s presence in India.

Building on 30 Years of Success: A Vision for the Next Era

Chairman Koo emphasized LG’s commitment to India, stating, “India is not just a key market for LG but also a land of immense opportunity for global companies. Leveraging our deep understanding of customers and our strong market position, we will seek to collaborate with the people of India to become the nation’s most trusted brand and drive our growth for the next era.”

LG’s journey in India began in 1996 with a software research center, followed by expansions from LG Chem (1996), LG Electronics (1997), and LG Energy Solution (2023). Over nearly three decades, LG has established itself as a market leader through a highly localized strategy tailored to Indian consumers.

LG Electronics, which entered the Indian market in 1997, has expanded its presence through advanced technology and localization strategies. The company introduced an air conditioner that repels mosquitoes using ultrasound to combat dengue fever and developed a refrigerator that maintains cold temperatures for up to seven hours during power outages, addressing India’s specific needs.

Building on its strong market presence, LG Electronics has made significant investments to fuel its next phase of growth in India. LG Electronics operates manufacturing facilities in Noida and Pune and is discussing plans to establish a new production site in Andhra Pradesh to meet increasing market demand.

Beyond home appliances, LG has expanded its investments in the battery, chemical, and energy sectors. LG Chem has refined its strategy to target the high-value-added materials market, while LG Energy Solution is exploring opportunities in the growing electric vehicle battery and energy storage system markets.

Strengthening Global R&D Strategy in India

Bengaluru, often referred to as India’s Silicon Valley, plays a vital role in LG’s global R&D strategy. Chairman Koo visited LG Soft India, LG’s largest overseas software research center, which houses over 2,000 developers working on the development of the webOS platform, automotive solutions, and next-generation technologies. Opened in 1996, the facility is one of LG’s largest overseas R&D centers around the globe.

Chairman Koo highlighted the importance of collaboration with R&D centers in India and urged researchers to focus on enhancing LG’s software competitiveness. “The rapid pace of software technology innovation makes India’s role increasingly vital,” stated Chairman Koo. “With nearly 30 years of accumulated research expertise, we should continue to enhance and differentiate our software capabilities.”

India’s IT industry is a key driver of economic growth, contributing 7 percent of GDP. The country boasts a strong talent pool, with over five million software developers and approximately one million engineering graduates entering the workforce each year, making India a preferred R&D hub for global technology giants.

Listening to on-site insights on LG’s Business Competitiveness

Chairman Koo continued his visit in New Delhi, listening to on-site feedback from LG Electronics’ production and distribution network. At the Noida production facility, he discussed India’s evolving consumer landscape, competitive environment, and market trends. He also visited the home appliance production lines, including refrigerators, washing machines, and air conditioners, discussing future investments and market strategies.

In addition, he explored local retail environments, including LG Brand Shops and major retail chains such as Reliance, where he carefully gathered opinions on products tailored to Indian consumer needs. These included refrigerators with convertible freezer compartments to accommodate vegetarian households and AI-powered washing machines optimized for Saree fabric care, reinforcing the importance of delivering locally differentiated customer value.

Dubai: A Strategic Hub for the Middle East and Africa

Following his India visit, Chairman Koo traveled to Dubai, a key strategic hub for LG’s Middle East and Africa operations. He discussed the status and strategic directions of LG’s business in the region and visited major home appliance distribution stores to assess market trends and the competitive landscape.

LG has been active in the Middle East since 1982 and currently operates 12 subsidiaries across the region, covering sales, manufacturing, and services. “The Middle East and Africa region presents both challenges and significant growth opportunities,” said Chairman Koo. “We must adopt a strategically sophisticated approach to establish this region as a key pillar of LG’s future growth.”

About LG
Founded in 1947, LG is a technology innovator and global leader in consumer electronics, automotive components, ESS, and organic light-emitting displays (OLEDs). LG Corporation (LG Corp.) is the holding company for industry-leading LG subsidiaries, such as LG Electronics, LG Display, LG Energy Solution, and LG Chem, to name a few. The LG group of companies employs over 270,000 people in more than 60 countries that together generate USD 140 billion in annual revenue. For more information about the LG group of companies, visit lgcorp.com

 

Chairman Koo (front and center) examines a production line at LG Electronics' Noida manufacturing plant in New Delhi, India.
Chairman Koo (front and center) examines a production line at LG Electronics’ Noida manufacturing plant in New Delhi, India.

Chairman Koo (fourth from the left) converses with researchers at LG's SW Institute in Bengaluru, India.
Chairman Koo (fourth from the left) converses with researchers at LG’s SW Institute in Bengaluru, India.

CTF Life is the Sole Diamond Sponsor of Kai Tak Sports Park Grand Opening Ceremony Celebrates Historic Moment with Hong Kong


HONG KONG SAR – Media OutReach Newswire – 4 March 2025 – CTF Life proudly announces to be the sole Diamond Sponsor of the highly anticipated Kai Tak Sports Park (KTSP) Grand Opening Ceremony, cementing its appointment as the exclusive Founding Insurance Partner of KTSP. CTF Life celebrated this historic moment at the main stadium alongside its customers, Life Planners, partners, staff and their families. The deepened partnership with KTSP underscores the company’s robust financial strengths and commitment to supporting the Hong Kong SAR Government in promoting local culture, sports, and tourism, creating value beyond sportsmanship.

Ellick Tsui, Executive Director and Deputy Chief Executive Officer of CTF Life (second from the right), together with the company’s management, celebrates the historic moment at CTF Life’s suite at KTSP.
Ellick Tsui, Executive Director and Deputy Chief Executive Officer of CTF Life (second from the right), together with the company’s management, celebrates the historic moment at CTF Life’s suite at KTSP.

Man Kit IP, Executive Director and Chief Executive Officer of CTF Life, said: “As the exclusive Founding Insurance Partner of KTSP and the proud Diamond Sponsor of its opening ceremony, we are truly making history with this significant milestone for both Hong Kong and CTF Life. Our collaboration with KTSP across multiple areas empowers local athletes and performers to unlock their full potential at Hong Kong’s largest integrated sports and entertainment landmark. The partnership will not only bring in world-class international events but also champion the ‘Sports for All’ culture, thus delivering exceptional and diverse experiences for our customers, fulfilling our promise to create value beyond insurance.”

CTF Life’s brand presence across the main stadium during the ceremony.
CTF Life’s brand presence across the main stadium during the ceremony.

At the opening ceremony, CTF Life’s brand was prominently displayed in the main stadium, making a strong impression on the live audience, TV viewers and across various platforms. The company had earlier announced its title sponsorship of the “Fencing Plus” Training Programme by Kai Tak Sports Initiative, aimed at nurturing a new generation of elite fencing athletes representing Hong Kong and helping them unleash their potential to become world champions. Registration will open later this month, and parents can enrol their children by joining the CTF Life * CIRCLE membership programme.
Hashtag: #CTFLife

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

About CTF Life

Chow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance.