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Veritickets pioneers international live event ticketing on Tmall Global ahead of 618 shopping festival

SINGAPORE – Media OutReach Newswire – 14 May 2026 – Veritickets, a global event ticketing platform, has become the first brand to sell overseas concert and sports tickets on Tmall Global, China’s largest cross-border e-commerce platform, following its recent debut on the site.

Screenshot of Veritickets’ storefront on Tmall Global.
Screenshot of Veritickets’ storefront on Tmall Global.

The move established a new category for international live entertainment ticketing within China’s import e-commerce market, with Tmall Global positioning Veritickets as a specialist overseas brand addressing an underserved market.

Ahead of Tmall Global’s annual 618 shopping festival, Veritickets will offer tickets to all 104 FIFA World Cup matches, alongside global tour tickets for leading Chinese-language artists including Jay Chou, Stefanie Sun, and Mayday. The platform will also feature K-pop tours across Asia, enabling fans to secure seats for performances by groups such as EXO, BTS, and i-dle.

The move comes as outbound demand for live entertainment continues to rise among Chinese consumers, driven by a packed calendar of international sporting events, including the FIFA World Cup, UEFA Champions League and Premier League, as well as a broader recovery in concerts across the Asia-Pacific region.

Veritickets aims to address longstanding difficulties in cross-border ticket purchasing. Consumers buying overseas event tickets have typically faced challenges ranging from language barriers and complex payment processes to uncertainty over ticket authenticity and availability. The platform was designed to resolve these issues for international buyers.

The platform commits to issuing confirmed, in-stock tickets in as fast as 12 hours and provides multilingual interfaces and multi-currency payment options. It also offers a “100% verified tickets” guarantee backed by a consumer-protection policy that provides a full refund, plus additional compensation of up to the ticket price, if tickets are not delivered.

Tickets are available through the Veritickets website or mobile app. The platform accepts major international credit cards, including Visa, Mastercard and JCB, and is also an officially certified partner of Alipay, China’s leading digital payments and services platform.

To enhance transparency and reduce search friction, Veritickets aggregates official and vetted ticket inventory into a single interface, allowing users to compare offerings with real-time availability and pricing. An all-in pricing model is used to limit hidden charges and last-minute price adjustments.

Event recommendations are tailored using a preference-based engine, while dedicated customer support and real-time transaction verification form part of the platform’s service and supervision standards.

Initially focused on Hong Kong, Macau and Southeast Asia, Veritickets plans to strengthen its footprint across the Asia-Pacific region, with phased expansion into additional international markets.

The platform is currently recruiting internationally qualified ticketing agents, requiring valid operating licenses, strong credit records and proven professional service capabilities. All agents must comply with stringent requirements, including real‑time ticket updates, instant transaction validation and round-the-clock customer support, ensuring a consistent and reliable experience for buyers worldwide.

Hashtag: #Veritickets

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

L Catterton, LVMH’s Investment Arm, Forms Strategic Partnership with Saint Bella Group to Fast Track Global Brand Growth


SHANGHAI, CHINA – EQS Newswire – 14 May 2026 – Saint Bella Group recently announced that its investment in and entered a strategic partnership with L Catterton, the leading consumer-focused private equity firm affiliated with LVMH. Managing roughly $40 billion in equity capital and with investments in over 300 renowned consumer brands worldwide, L Catterton will collaborate with Saint Bella on technology innovation, international expansion, and the development of a premium brand ecosystem. This deep cooperation aims to power Saint Bella’s evolution into a global multi brand household care group.

The partnership signals top tier international capital’s strong endorsement of Saint Bella’s business model and growth prospects, and represents a landmark strategic move in the household care sector.

Complete Digital Transformation of the Premium Services Market

According to its official website, L Catterton was jointly founded by leading consumer private equity firm Catterton, world leading luxury group LVMH, and Bernard Arnault’s family holding company Groupe Arnault. It integrates Catterton’s existing private equity business in North and Latin America with LVMH and Groupe Arnault’s private equity and real estate operations in Europe and Asia, creating the world’s largest diversified private equity firm focused on the consumer sector.

Under the strategic cooperation agreement with Saint Bella, L Catterton will provide cutting edge technology innovation support and deep insights into high net worth consumer behavior to help continuously iterate Saint Bella’s service experience and optimize its membership system.

Backed by the core resources of the LVMH Group—a global leader in luxury that owns more than 70 renowned luxury brands—L Catterton can leverage LVMH’s digital transformation practices and strategies to help Saint Bella further upgrade and iterate its services and innovation.

Top international capital enters the field, unlocking the potential of a multi brand global group

Since opening its first overseas store in 2023, Saint Bella Group has continued to expand internationally. It recently announced top tier hotel signings in five major global cities—New York, London, Paris, Bangkok and Sydney—marking the initial formation of its global operating footprint.

For Saint Bella Group, L Catterton provides access to a global range of luxury and premium consumer-brand resources. Through this partnership, Saint Bella will leverage L Catterton as a bridge to actively explore cooperation with L Catterton’s portfolio companies and industry network—seeking luxury and high end consumer partners for joint product development, integrated membership benefits, and scenario based service experiences—to jointly build a cross sector ecosystem for premium maternal & infant and lifestyle offerings.

The core strategic objective of the collaboration is to build the Group into “the Anta of maternal & infant and family care.” To realize this vision, the two parties will rely on L Catterton’s top tier global consumer network to systematically identify, evaluate, and target high growth potential new retail maternal & infant brands and cutting edge care product companies worldwide. Through a dual pathway of co investment incubation and strategic acquisitions, they will form deep capital partnerships with international brands that have unique brand value and product competitiveness—leveraging L Catterton’s global operating experience and consumer industry ecosystem to jointly expand into global markets—and selectively introduce leading international care product and retail brands to continuously enrich Saint Bella’s retail footprint and brand matrix. This strategy aims, via ongoing outward looking M&A and integration, to build a multi category brand ecosystem covering maternal & infant care, health foods, smart hardware, and more, ultimately accelerating Saint Bella’s evolution from a single service operator into a multi brand, group level global family health management platform.

Backed by L Catterton’s long standing talent network and market strategy expertise in the global consumer sector, Saint Bella is expected to gain critical support for local operations in overseas markets, brand localization, and the recruitment of high quality brands and talent. As the partnership deepens and progresses, this two way resource linkage will help Saint Bella precisely meet international market consumer demands and promote its Eastern origin professional care system onto the world stage in a more mature form.

Viewed holistically, this strategic cooperation brings not only international capital endorsement but also systematic access to world class consumer resources. From technology upgrades to ecosystem synergies, Saint Bella is completing a strategic leap from organic growth to external expansion. Against the long term trends of pro natal policies and rising family health consumption, the sector leader—having already delivered strong performance—now presents an increasingly clear global brand strategy for the future.

Hashtag: #SAINTBELLA

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

About Saint Bella Group

Since its establishment in 2017, Saint Bella Group has been deeply engaged in the family care field, adhering to international standards for standardized services. It has now grown into Asia’s and China’s largest postpartum care and rehabilitation group. With an extreme pursuit of quality and forward-looking industry layout, the group has built a service network of 140 high-end postpartum care centers across 41 cities worldwide. Its business covers postpartum care, postpartum rehabilitation, in-home family services, and new retail of women’s health foods, forming comprehensive, full-cycle coverage of family health needs and redefining the quality standards of modern family care.

SANY Heavy Industry Releases 2025 Sustainability Report

Report Details Advances in Product Electrification, Environmental Management and ESG Governance

HONG KONG, May 14, 2026 /PRNewswire/ — SANY Heavy Industry (600031.SH, 06031.HK) recently released its 2025 Sustainability Report, outlining progress across ESG, innovation, low-carbon transition, talent development and social responsibility. In 2025, the company invested approximately US$724 million in R&D and US$39 million in environmental initiatives, while energy-efficient projects generated savings of US$10 million. The company also recorded measurable gains across a broad set of ESG metrics.

SANY 2025 Sustainability Report Highlight
SANY 2025 Sustainability Report Highlight

On the innovation front, R&D spending accounted for 5.79% of SANY’s main business revenue in 2025, underpinned by the continued growth of the company’s global research footprint and intellectual property portfolio. SANY continued to accelerate the electrification of its product portfolio in response to growing demand associated with the low-carbon transition. Sales of new energy products reached US$1.21 billion. The company also developed an intelligent construction machinery portfolio spanning excavators, mixer trucks, rollers, pavers and cranes. Featuring 5G remote control, unmanned operation and autonomous driving technologies, SANY’s intelligent equipment has been deployed across smart mining, construction and other applications, supporting increasingly autonomous and intelligent operations.

In low-carbon and environmentally responsible operations, SANY established group-wide environmental, energy and ecological management systems, with 12 subsidiaries, representing 54.5% of the total, having obtained ISO 14001 certification. All subsidiaries obtained the required pollutant discharge permits, while wastewater, exhaust gas and facility noise levels met applicable standards. In addition, 22 subsidiaries now generate grid-connected power, with clean energy consumption reaching 77.37 million kilowatt-hours and accounting for 14.7% of the company’s total energy use.

In talent development and social responsibility, SANY continued building employee support and professional development systems spanning the full employee lifecycle. Women accounted for 14.3% of senior management positions. In 2025, the company granted employee incentives totaling US$73.2 million and paid out US$46.5 million in medium- and long-term incentives awarded in prior years. It also delivered 4,841 vocational training sessions, with 94.6% employee participation, while maintaining an injury rate of 1.33 per thousand employees. The company organized 129 community and charitable initiatives during the year and donated more than US$3.13 million to social and philanthropic causes, bringing cumulative donations to more than US$50.4 million.

SANY said it continues integrating ESG principles into strategic planning, operational decision-making and daily operations to support long-term value creation for both shareholders and society.

For the full report, please visit: https://www.hkexnews.hk/listedco/listconews/sehk/2026/0429/2026042906156.pdf 

 

6x Registration Surge: Xtep 2026 10KM Time Trial Sets New Professional Standard in Kuala Lumpur

More Than a Race – Xtep Empowers Runners to Level Up

KUALA LUMPUR, Malaysia, May 14, 2026 /PRNewswire/ — On May 9, 2026, Xtep, a leading professional sportswear brand, successfully held its 2026 10KM TIME TRIAL in Kuala Lumpur, Malaysia. This marked the brand’s second consecutive professional 10KM running event in Malaysia, reinforcing its long-term commitment to building a professional running ecosystem in Southeast Asia.

Malaysia 10KM Time Trial On-site Photos
Malaysia 10KM Time Trial On-site Photos

Prior to dawn, 1,500 selected participants from Malaysia and five regions—Southeast Asia, East Asia, West Asia, the Middle East, Africa, and Europe—gathered at the start zone. With the participation of prominent local running clubs, the event presented a highly professional, focused and competitive racing atmosphere.

The event received an overwhelming response from the running community. Since registration opened on February 14, nearly 10,000 applications were received within one month, exceeding the 1,500 available spots by more than six times. The strong demand clearly reflects the local market’s urgent need for professional, well-organized 10KM racing events.

Runners provided consistent positive feedback, stating that Malaysia has long been lacking professional 10KM races and high-quality event organization. Xtep 10KM TIME TRIAL effectively filled this gap with standardized operation and professional race services. This result demonstrates Xtep’s accurate insight into running scenarios, deep understanding of runner needs, and proven experience in delivering professional running platforms.

In response to the strong enthusiasm from runners and running clubs, Xtep is considering hosting an additional large-scale 10KM event in the second half of 2026. The potential event is expected to expand recruitment coverage to the entire Southeast Asia region, introduce a veteran category, engage more running clubs, and launch a running club points ranking system, creating a regional competitive racing festival.

Photos of Award-winning Runners at Malaysia 10KM Time Trial
Photos of Award-winning Runners at Malaysia 10KM Time Trial

After intense competition, the top performers are as follows:

  • Overall Men’s Champion: NGARE JOSEPH MWANGI (Kenya), 00:31:28
  • Malaysian Men’s Champion: YEOW NI JIA, 00:34:37
  • Malaysian Women’s Champion: CHAN ANNE SZE, 00:44:15
  • International Women’s Champion: NGETICH EMILY, 00:38:17

The event brought together elite runners across Malaysia, promoting experience sharing and encouraging participants to challenge their personal limits.

On-site photos of the workshop
On-site photos of the workshop

Following the race, Xtep held a running footwear workshop at its Mid Valley Megamall store. Wu Lianyin, General Manager of Xtep Running Development Center, delivered a speech, highlighting Xtep’s continuous investment in product technology innovation and its support for runners to achieve personal bests and set marathon records.

Zhuang Yan, Senior Manager of Product Development, introduced Xtep’s latest running footwear products, including the in-store debut of the 2000KM 5.0 series and the new 360X 3.0 from the brand’s Q2 training lineup.

  • Xtep 2000KM 5.0: Focused on durability and versatility, DIN abrasion resistance 18mm³, suitable for daily commuting, jogging and training, pace 4:30–8:00 min/km.
  • Xtep 2000KM 5.0 PRO: Plate-free design with balanced cushioning and stability, suitable for training, racing and long-distance running, pace 4:30–7:00 min/km.
  • Xtep 360X 3.0: Equipped with BT400 composite carbon plate for a smooth running experience, lowers the threshold of carbon plate technology, suitable for daily training, pace 6:30–8:30 min/km.

Zhuang mentioned that the 160X series focuses on racing performance, while the 2000KM 5.0 series and 360X 3.0 prioritize daily training and user experience, helping runners build a stable performance foundation.

As Xtep’s second 10KM TIME TRIAL in Malaysia, this event further consolidated the brand’s global running positioning. Through professional races, product experience workshops and in-store activities, Xtep continues to build a sound local running community. With high-performance products and professional event platforms, Xtep maintains close connections with runners, supporting their growth from daily training to racing breakthroughs.

Noah to Report First Quarter 2026 Unaudited Financial Results on May 27, 2026

SINGAPORE, May 14, 2026 /PRNewswire/ — Noah Holdings Limited (the “Company” or “Noah”) (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2026, after U.S. markets close on May 27, 2026.

Noah’s management team will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on Wednesday, May 27, 2026 (8:00 a.m. Beijing/Hong Kong Time on Thursday, May 28, 2026). 

The conference call may be accessed with the following details:

Dial-in details:

Conference title:

Noah Holdings Limited First Quarter 2026 Earnings Conference Call

Date/Time:                               

Wednesday, May 27, 2026, at 8:00 p.m., U.S. Eastern Time

Thursday, May 28, 2026, at 8:00 a.m., Hong Kong Time

Dial in:

– Hong Kong Toll Free:

800-963976

– United States Toll Free:

1-888-317-6003

– Mainland China Toll Free:

4001-206115

– International Toll:

1-412-317-6061

Participant Password:

4079483

A telephone replay will be available starting approximately one hour after the end of the conference until June 3, 2026 at 1-855-669-9658 (US Toll Free) and 1-412-317-0088 (International Toll) with the access code 9501982.

A live and archived webcast of the conference call will be available on the Company’s investor relations website under the “News & Events” section at http://ir.noahgroup.com.

ABOUT NOAH HOLDINGS LIMITED

Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors. Noah’s American depositary shares, or ADSs, are listed on the New York Stock Exchange under the symbol “NOAH,” and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code “6686.” One ADS represents five ordinary shares, par value $0.00005 per share.

In 2025, Noah distributed RMB67.0 billion (US$9.6 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB141.7 billion (US$20.3 billion) as of December 31, 2025.

Founded in 2005, the firm pioneered a business model combining wealth management and asset management and has continued to build its international platform over the years. As of December 31, 2025, Noah had 467,870 registered clients. Through its wealth management platform, the Group distributes private equity, public securities, and insurance products denominated in RMB and other currencies, while its asset management capabilities support broader global asset allocation needs. As of December 31, 2025, Noah had established branches and service capabilities across mainland China, Hong Kong SAR, Singapore, Japan, and key U.S. markets, including New York, Los Angeles, and Silicon Valley, reflecting its international operating footprint.

For more information, please visit Noah’s investor relations website at ir.noahgroup.com.

SAFE HARBOR STATEMENT

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah’s cash and cash equivalents and liquidity risk. A number of factors could cause Noah’s actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah’s investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions globally and in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah’s filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law.

 

New Tokens Average at 2,341%, TradFi Futures Volume Climbs 55%: MEXC April Report

VICTORIA, Seychelles, May 14, 2026 /PRNewswire/ — MEXC, a pioneer in 0-fee digital asset trading, has published its April 2026 Trading Highlights report. The top 10 new tokens averaged a 2,341% peak gain (1.6x March’s figure), new token volume per user climbed 46% month-over-month, and TradFi futures volume per user rose 55% as easing US-Iran tensions sent traders into precious metals and energy futures.

New Tokens Average at 2,341%, TradFi Futures Volume Climbs 55%: MEXC April Report
New Tokens Average at 2,341%, TradFi Futures Volume Climbs 55%: MEXC April Report

Three tokens led the highest-gain ranking, each from a different sector. PROS topped the list at +5,433% on RWA, GENIUS hit +4,718% on the DeFi track, and IPEPE combined Meme and AI for +3,500%. Neither PROS nor IPEPE appeared in the trading-volume top 10, showing that April’s outsized returns weren’t confined to the most-traded tickers.

ETH carried the active end of the market and claimed 4 of the top 10 spots by trading volume, roughly 59% of the Top 10 total. ASTEROID and FLORK kept the Meme run going on ETH, BLEND covered the reputation data layer, and AI took the decentralized AI infrastructure slot.

The remaining six tokens spread to BSC (GENIUS), ARB (CHIP), BASE (OPG), SOL (UNC and BULL), and MEZO.

On the TradFi side, US-Iran tensions eased early in the month, oil prices pulled back sharply, and rate expectations moved gold and equities. Against that backdrop, users moved beyond crypto and used the same accounts to trade commodity and equity futures.

XAUT, SILVER, USOIL, and UKOIL took the top four spots in TradFi futures volume. Precious metals XPD and PAXG also made the top ten, alongside stock indices SPX500 and JP225 and US equities TESLA and NVIDIA.

EUR took first place in TradFi spot volume with a 98% MoM jump and held 57% of Top 10 spot volume. Gold (XAUT and PAXG combined) held another 35%, so a single foreign currency and a single asset accounted for over 90% of the spot top 10.

“April was a month of recalibration,” said Vugar Usi, CEO of MEXC. “Users moved across Meme, AI infrastructure, and BTCFi within weeks, then shifted toward gold and oil futures as the geopolitical picture changed. The role of a platform like MEXC is to make those transitions fast, cost-efficient, and seamless, while ensuring the next major market narrative is already accessible when momentum begins.”

On the promotional side, Airdrop+ changed to a curated model this month and ran 14 events on new tokens, including GENIUS, MEZO, ENM, and KAG. The GENIUS event paid up to 1,000 USDT per user for basic deposit and trading tasks, a low-cost entry point for a token that hit a +4,718% peak gain during the month.

Launchpool added a BTC staking pool to its existing MX option, so holders who don’t actively trade can earn new token rewards from idle BTC. New users on EMBLEM saw APRs as high as 207% under the new design.

The full report, with detailed breakdowns of new token performance, TradFi contract rankings, and promotional activity, is available here.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website X TelegramHow to Sign Up on MEXC

ACES Institute Confers Distinguished Fellow Recognition upon Letright CEO Ren Li

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 May 2026 – The ACES Institute today conferred its Distinguished Fellow recognition upon Letright Founder and Chief Executive Ren Li during a leadership dialogue hosted in collaboration with Monash University Malaysia and the UN-supported Principles for Responsible Management Education (PRME).

Ren Li with the ACES Institute and Monash University team following the leadership dialogue and fellowship conferment.
Ren Li with the ACES Institute and Monash University team following the leadership dialogue and fellowship conferment.

Held at the Plenary Theatre at Monash University Malaysia, the forum, titled Responsible Leadership in Asia: A Case Dialogue on Practice and Impact, brought together business leaders, academics, and sustainability advocates to examine how companies can scale globally while maintaining responsible governance.

The recognition marks the latest milestone for Li, a previous recipient of the Responsible Business Leader accolade (ACES Awards 2024) and Entrepreneur of the Year (ACES Awards 2025). Under his leadership, Letright has emerged as one of China’s premier outdoor furniture exporters, operating in over 70 countries.

Speaking at the dialogue, Li emphasized that responsible leadership should be an industry-wide standard rather than a niche competitive advantage. “I welcome competition because responsible business leadership should continue expanding across the industry,” said Ren Li. “The market is large enough for everyone. What matters more is building businesses that grow sustainably and responsibly over the long term.”

Moderated by Associate Professor Dr. Esther Chong of Monash University Malaysia’s School of Business, the discussion explored ethical decision-making across global supply chains. “Ren Li’s journey demonstrates that profitability and principled leadership can reinforce one another,” noted Dr. Chong.

Dr. Shanggari Balakrishnan, President of the ACES Institute and CEO of MORS Group, stated that the fellowship reflects the organization’s mission to champion ethical leadership. “Ren Li represents a new generation of leaders who understand that accountability, resilience, and purpose are central to long-term success,” she said.

The dialogue successfully bridged academic insight with real-world executive experience, offering a closer look at applying responsible principles amid growing global scrutiny. The event concluded with a networking luncheon for representatives from academia and the international business community.

Hashtag: #ACESInstitute

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

ACES Institute

The ACES Institute, MORS Group’s research arm, promotes Asian leadership and sustainability. It bridges academic insight and corporate practice through fellowships and partnerships to champion ethical excellence and responsible entrepreneurship.

China Telecom Leads ALC Submarine Cable Landing in Hong Kong


HONG KONG SAR – Media OutReach Newswire – 14 May 2026 – On May 14, 2026, the Asia Link Cable (ALC) international submarine cable, led and constructed by China Telecom, has successfully landed at the Chung Hom Kok Cable Landing Station in Hong Kong, China. The successful landing marks a key milestone in the project’s construction and lays a solid foundation for its subsequent full commercial operation.

China Telecom Leads ALC Submarine Cable Landing in Hong Kong

Led by China Telecom and jointly developed by 13 leading operators across the Asia-Pacific region, the ALC system spans approximately 6,200 kilometers, connecting China (Hong Kong and Hainan), Singapore, the Philippines, Vietnam, Brunei and Malaysia, with a total designed capacity exceeding 325 Tb/s. Once completed, ALC will become the highest-capacity international submarine cable for the Hong Kong-to-Singapore route, and marks another new submarine cable landing in Hong Kong by China Telecom following the full commissioning of the ADC submarine cable in 2025. The ALC system will efficiently support the growing transmission demands for high-bandwidth and low-latency transmission driven by cloud computing, AI large models and other emerging digital applications, while providing strong communications infrastructure support for the development of Hong Kong’s international innovation and technology hub.

As the largest investor in the project, China Telecom has undertaken core management responsibilities and played a leading role in driving the project throughout the entire process, from preparation, planning and design to construction. The ALC system represents an important strategic initiative in strengthening China Telecom’s international communications backbone network across the Asia-Pacific region. After it goes into service, it will add more than 100 Tb/s of bandwidth capacity for China Telecom, significantly enhancing its network capacity, connectivity and traffic scheduling capabilities across the region.

In addition, ALC is China Telecom’s first international submarine cable landing in Hainan. It will effectively fill gaps in Hainan’s international communications capacity toward Hong Kong, Macao and Southeast Asia – serving as a key initiative for China Telecom to implement the strategy for building the Guangdong-Hong Kong-Macao Greater Bay Area and to support the Belt and Road Initiative.

The Chung Hom Kok Cable Landing Station in Hong Kong, where the ALC submarine cable landed this time, is China Telecom’s first self-built submarine cable landing station outside mainland China. Going forward, the station will continue to handle landing tasks for international submarine cables heading to multiple regions and directions, including the Asia-Pacific, Asia-Europe and other regions- further strengthening Hong Kong’s position as a key communications hub in the Asia-Pacific region and supporting China Telecom build a more comprehensive global communications network.Hashtag: #ChinaTelecom

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