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SY Holdings Group Limited ("SY Holdings", stock code: 06069.HK), a leading supply chain technology platform in China, officially announced that its "SY Cloud Platform" has integrated with the domestic open-source large model, DeepSeek. This marks a crucial step for SY Holdings in actively embracing AI technology and exploring innovative applications, as well as a significant effort in response to the national "AI+" development strategy. The Central Economic Work Conference emphasized the launch of "AI+" initiatives to nurture future industries. The SY Cloud Platform leverages system integration with over 10 large core enterprises, established digital ecosystem around more than 1.5 million potential suppliers, and connected to more than 160 funding partners. This has accumulated a wealth of industrial ecosystem data and innovative practical experience. After integrating the DeepSeek large model and through high quality data training, SY Holdings aims to enhance the efficiency of its AI capability. This not only provides more precise and efficient inclusive financial services to small and medium-sized enterprises (SMEs) but also explores areas such as intelligent supplier management, automated supply chain business processes, and intelligent decision support for inventory management, sales, and procurement. SY Holdings is dedicated to advancing intelligent supply chain solutions, collaborating with industry stakeholders to drive the sector's digital transformation and smart evolution. In today’s digital economy, artificial intelligence has become a linchpin for firms seeking to bolster core competitiveness. SY Holdings’ integration of the DeepSeek large language model reflects both strategic foresight and practical operational alignment, addressing real-world business imperatives. SY Cloud Platform‘s integration with DeepSeek’s capabilities enables the firm to transition from data aggregation to advanced intelligent decision systems, harnessing cutting-edge natural language processing (NLP), deep knowledge reasoning, and multimodal analytics. For example, DeepSeek’s NLP capabilities now supercharge contract audits and transaction stream analysis, reducing manual labor and mitigating operational risks. This will effectively address the challenges in data management and protracted approval cycles endemic to traditional financial frameworks, empowering SY Holdings to swiftly address small businesses’ urgent, high-frequency financing needs. The DeepSeek large model has demonstrated unique adaptability in supply chain finance fraud detection, aligning well with SY Holdings' risk control philosophy of "transaction-focused, entity-light." The SY Cloud Platform can quickly parse large volumes of unstructured data, including contracts, transaction documents, delivery videos, and public opinion information, and conduct in-depth mining and correlation analysis of these multi-dimensional data. This helps SY Holdings construct more comprehensive profiling for corporates and transactions, which enables more precise risk assessment. For example, during contract parsing, it can identify key clauses, legal risk points, and detect fraudulent contracts. Additionally, DeepSeek's fully open-source strategy allows SY Holdings to quickly complete local deployment while ensuring data security and compliance. SY Holdings has prioritized platform-driven and technology-centric growth. To date, the firm has invested a cumulative total of nearly RMB 300 million in R&D, with almost 30% of its workforce dedicated to research and development. The company holds 80 national patents and software copyrights, spanning big data, cloud computing, and artificial intelligence (AI) technologies. Driven by sustained innovation and integration into industrial digital ecosystems, platform technology service revenue now accounts for 40% of total revenue, with net profit expected to grow over 30% in 2024. The strategic adoption of AI large models is projected to further accelerate this revenue growth. SY Holdings stated, “The global AI-driven transformation is reshaping industries, and we are fully committed to embracing this new era. Having integrated the DeepSeek large model into operations, the company is now actively testing advanced models such as ChatGPT, Llama, Qwen, and Dovetail to identify their potential applications in industrial supply chain management. Looking ahead, SY Holdings will continue to increase R&D investment and proactively drive AI-driven innovations, aiming to solidify its leadership in ‘AI + industrial supply chain’ solutions.”
HONG KONG, March 13, 2025 /PRNewswire/ -- Cybersecurity training in the Asia Pacific region is set to be enhanced with an agreement signed today between the APNIC Foundation and ISC2. Selected participants in the APNIC Foundation's capacity-building programs, aimed at women and those in emerging economies, will take part in ISC2's One Million Certified in Cybersecurity program. This opportunity offers free access to the ISC2 Certified in Cybersecurity (CC) Online Self-Paced Training and certification exam. Earning the CC enables participants to demonstrate understanding of foundational cybersecurity concepts, benefiting both aspiring cybersecurity professionals and those in non-IT roles where a strong grasp of cybersecurity practices enhances organisational security. The agreement commences today with a signing ceremony in Hong Kong and will last until 31 December 2028. "Cybersecurity is a region-wide issue and threats and actors are constantly evolving. There is a need to establish cybersecurity capabilities across industries and sectors in each economy," said APNIC Foundation CEO Raj Singh. "This partnership with ISC2 complements the APNIC Foundation's own capacity building and development programs in the region and will help build a foundation for cybersecurity knowledge and support our efforts towards secure, stable and resilient Internet infrastructure." ISC2's aims to provide free training and exams to one million individuals globally, expanding cybersecurity expertise and improving access to cybersecurity careers. This aligns with the 'secure' element of the APNIC Foundation's vision of a global, open, stable and secure Internet that is affordable and accessible to the entire Asia Pacific community. "As cyber threats continue to evolve across the region, building a strong foundation of cybersecurity expertise is more critical than ever," said ISC2 APAC Managing Director, Clayton Jones. "Through this partnership, we are proud to support the growth of the future cybersecurity workforce, empower individuals in cyber-adjacent roles, and contribute to a more secure digital future." The APNIC Foundation covers 56 economies throughout the Asia Pacific and runs digital development programs that support Internet infrastructure, improve digital inclusion and build technical capacity. Notable projects include the Switch! project which supports women and gender diverse Internet industry professionals in South East Asia, and the Digital Leap South Asia project, which focuses on capacity building for Internet industry professionals in the world's most unconnected sub-region. ISC2 is the world's leading member organisation for cybersecurity professionals, with more than 265,000 certified members and associates globally.
KASHGAR, China, March 13, 2025 /PRNewswire/ -- On March 11, the successful energization of the final transformer for the Dawakun Desert Comprehensive Control Project in Yuepuhu County marked a significant milestone. The State Grid Kashgar Power Supply Company successfully completed the installation of 101 transformers with a capacity of 100 kVA each and constructed 128 kilometers of dedicated transmission lines, providing reliable power supply to 96 pumping wells. This achievement signifies key progress in the Southern Xinjiang "Sand Stabilization and Border Security" initiative.The large-scale sand stabilization project, situated at the border between the Dawakun Desert and Buguri Desert, commenced on January 15. It aims to establish ecological barriers through the construction of water-saving drip irrigation systems and the planting of drought-resistant vegetation such as Haloxylon ammodendron. The State Grid Kashgar Power Supply Company proactively aligned with government planning by forming a specialized task force to conduct preliminary investigations and tailor-made power supply solutions. A green channel was established for the entire project process, enabling same-day power delivery upon acceptance. According to Jiang Xiao, Deputy Director of the Power Supply Department at State Grid Yuepuhu County Power Supply Company, an exclusive personnel tracking mechanism reduced the construction approval process by 60%, ensuring simultaneous advancement of sand control efforts and power infrastructure development.The integration of ecological governance and economic benefits has emerged as a highlight of the project. After 1-2 years of sand stabilization, the value of the desert ecosystem can be enhanced by grafting the valuable herb Cistanche onto the roots of existing plants. Each household contracts 30-50 mu of land, contributing to both sand control and income generation. Villager Ulaimu Tohti from Bayi Awati village noted that this "desert economy" model has attracted widespread participation from local residents. Currently, the vegetation coverage rate in the project area has increased to 65%, while the rate of land desertification has decreased by 40%. It is anticipated that the average annual income per mu for villagers will increase by 3,000 yuan.Looking forward, the State Grid Kashgar Power Supply Company plans to promote the transformation from ecological restoration to resource utilization. Future initiatives will focus on exploring "photovoltaic + sand control" and "smart irrigation" models, leveraging electrical power to unlock the potential value of desert resources, and supporting the realization of the ecological revitalization blueprint encompassing "sand control, sand utilization, and sand enrichment."
SHANGHAI, March 13, 2025 /PRNewswire/ -- BioCity Biopharmaceutics Co., Ltd., a clinical-stage biopharmaceutical company, today announced that it has entered into a clinical trial collaboration agreement with MSD (Merck & Co., Inc., Rahway, NJ, USA), to evaluate the combination of BioCity's BC3195 and MSD's anti-PD-1 therapy, KEYTRUDA® (pembrolizumab), in a global phase 1/2 trial in patients with locally advanced or metastatic solid tumors. Under the terms of the agreement, BioCity will conduct a phase 1/2 clinical trial to evaluate the safety and efficacy of BC3195 in combination with KEYTRUDA. BioCity and MSD each retain all commercial rights to their respective compounds. The recruitment in the clinical study is expected in Q4 2025. "We are encouraged by the clinical data we have seen thus far for BC3195 as monotherapy, which have demonstrated improved anti-tumour activity in patients with certain non-small cell lung and breast cancers. We now look forward to exploring the potential of BC3195 in combination with KEYTRUDA through this collaboration, as we continue to advance our clinical program and seek to further validate our differentiated drug discovery and development approach." Said by Ivy Wang, Co-founder and Executive President of BioCity. KEYTRUDA® is a registered trademark of Merck Sharp & Dohme LLC, a subsidiary of Merck & Co., Inc., Rahway, NJ, USA. About BC3195 BC3195 is currently the only ADC targeting CDH3 (P-Cadherin) in clinical development globally. In preclinical studies, BC3195 binds to membrane CDH3 with strong affinity and is efficiently internalized. BC3195 is designed with a clinically validated, cleavable linker and payload (vc-MMAE) allowing for the destruction of targeted cancer cells, as well as surrounding cells, which is known as the bystander effect. In animal models, BC3195 demonstrated a favorable safety profile and robust antitumor activity with tumor growth inhibition ≥100% in some animals bearing well established cancers. BC3195 is currently undergoing concurrent Phase I dose optimization and dose expansion in China and in US. BC3195 demonstrated a manageable safety profile and favorable PK characteristics, significant antitumor activity with confirmed PRs observed across multiple tumor types. About BioCity Founded in December 2017, BioCity is a clinical-stage biopharmaceutical company committed to developing novel and highly differentiated, modality-independent therapeutics for cancer and autoimmune disorders including chronic kidney diseases. BioCity has established a pipeline of more than 10 innovative drug candidates, including small molecules, monoclonal and bispecific antibodies, and antibody-drug conjugates (ADC). Currently, BioCity has five core oncology assets in Phase 1/2 clinical development, including first-in-class CDH3-targeting ADC and GPC3-targeting ADCs, WEE1 and ATR inhibitors targeting the DNA damage response (DDR) pathway, and a monoclonal antibody targeting TIM-3 in collaboration with AstraZeneca. In addition, BioCity's SC0062, a highly selective ETA antagonist, is in phase 3 clinical development for IgA nephropathy and a global phase 3 registration trial is being planned. For more information, please visit www.biocitypharma.com Or LinkedIn BioCity Biopharma Contact: BD@biocitypharma.comIR@biocitypharma.com
HONG KONG, March 13, 2025 /PRNewswire/ -- DeriW, the world's first zero-gas-fee decentralized perpetual exchange operated by CoinW, has officially launched its public testnet, marking a pivotal step toward a new era of DeFi derivatives trading. This testnet isn't a generic trial run – it's a full-featured preview of DeriW's high-performance, user-centric platform, designed to demonstrate concrete improvements in usability, speed, and security. Early users and developers can now experience lightning-fast trades, up to 100x leverage, and robust security measures in a realistic environment as DeriW prepares to challenge industry incumbents. DeriW Testnet Launch Sets New Standards in Decentralized Derivatives Trading A Closer Look at the Testnet: Usability, Performance & Security DeriW's testnet is engineered to feel like a production-ready exchange. Usability is key: traders can quickly connect their self-custody wallets and begin trading cryptocurrencies like Bitcoin and Ethereum with up to 100x leverage and a low 0.02% transaction fee. The platform offers multiple order types (market, limit, take-profit, stop-loss) and a diverse selection of tokens, from major assets to emerging projects. With its zero gas fee model, DeriW eliminates blockchain transaction costs, enabling rapid order placement and frictionless trading—comparable to centralized exchanges. On the performance front, the DeriW testnet showcases the platform's cutting-edge infrastructure. Built on the Arbitrum Orbit Layer 3 network (DeriW Chain), it leverages optimistic rollup technology and a custom WASM/Geth-based architecture. In practical terms, this translates to extremely high throughput and low latency. With a capacity of up to 80,000 transactions per second, testnet traders can execute orders smoothly with minimal latency, ensuring the platform stays responsive even during intense trading activity. Security measures are woven deeply into the testnet's design, reflecting DeriW's priority on protecting users. By building on Arbitrum's L3, DeriW inherits Ethereum's battle-tested security properties and decentralization while adding its own enhancements. All trades and collateral remain on-chain under users' self-custody, eliminating the custodial risks found in centralized exchanges. To further harden the platform, DeriW launched a comprehensive bug bounty program in tandem with the testnet. Security researchers and users are incentivized with bounties ranging from 100 to 100,000 $DER tokens for identifying vulnerabilities. Additionally, the testnet operates with a closed-fund liquidity mechanism and an automatic risk recalibration system that ensure stability even under extreme market conditions. These concrete measures give testnet participants confidence that the platform's performance comes without compromising safety. How DeriW Stacks Up In an increasingly competitive DeFi derivatives arena, DeriW's testnet is already demonstrating unique advantages over other leading platforms' test networks: Gas Fees & Trading Costs: DeriW distinguishes itself with its zero gas fee model. Every trade on DeriW's testnet is executed without on-chain transaction fees, which is a stark contrast to many competitors. DeriW's approach of truly on-chain, gas-free trading gives it an edge in user experience – traders get the convenience of a CEX-like feel without sacrificing on-chain transparency. Performance Throughput: When it comes to raw speed, DeriW sets a high bar, delivering up to ~80,000 TPS—exceptional among decentralized exchanges. In comparison, some newer standalone-chain DEXs offer around 10,000 TPS—better than legacy Ethereum-based platforms but only an eighth of DeriW's capability. This firmly places DeriW among elite, next-generation exchanges that support high-frequency trading at scale. Notably, DeriW achieves this impressive throughput while remaining fully EVM-compatible and secured by Ethereum, powered by the Arbitrum Orbit framework—a key differentiator validated by real user conditions on its testnet. Leverage and Trading Features: High leverage is a hallmark of derivative exchanges, and DeriW doesn't disappoint. It offers up to 100x leverage on major trading pairs, which is higher than most decentralized competitors. By providing 100x, DeriW is catering to a segment of traders who seek higher risk-reward profiles, similar to offerings on some centralized futures exchanges. Importantly, DeriW couples this with advanced order types (stop-loss, take-profit, etc.) on the testnet, ensuring traders have tools to manage the risk that comes with high leverage. This combination of flexibility and control is critical – and DeriW is showing that even in a testnet environment, users can practice sophisticated trading strategies that rival those on established platforms. Liquidity Model & Price Execution: Perhaps the most innovative aspect differentiating DeriW is its Pendulum AMM liquidity pool. Unlike traditional order books or static AMMs with oracles, DeriW's pool dynamically adjusts liquidity based on traders' positions. This "pendulum" approach optimizes asset utilization in real-time, supporting volumes beyond initial capital, reducing slippage, and providing deeper liquidity. While orderbook-based DEXs rely on market makers—vulnerable to slippage during volatility—DeriW's closed-fund model and automatic risk recalibration ensure solvency and stability, combining order-book depth with AMM efficiency. Security and Decentralization: All leading DeFi derivatives platforms prioritize security but use different approaches. Some rely on decentralized validators, others utilize their own consensus mechanisms with federated validators, and another inherits security from Arbitrum Layer 2. DeriW leverages Ethereum's robust security via Arbitrum's rollup, enhanced by its unique UBPK (Unstolen Browser Private Key) mechanism that ensures private keys remain securely stored within user browsers. Benchmarks and Performance Metrics in Context Thanks to Arbitrum Orbit's efficient consensus and block production, DeriW's block time is expected to be on the order of a second or less, which is similar to other DEXs 0.2s block time advantage. Achieving near-instant finality is crucial for traders who might otherwise worry about timing and MEV (Maximal Extractable Value) issues. Although detailed latency stats are still being gathered, the user experience goal is clear: make on-chain trading on DeriW feel as immediate as trading on a centralized platform. Another important metric is uptime and reliability during the test. The DeriW team is closely monitoring system uptime and recovery from any crashes or network issues. A robust exchange must handle network spikes, degraded conditions, or attacks without downtime. By publishing these performance metrics and comparing them with industry standards, DeriW intends to demonstrate transparently where it stands. So far, the absence of gas fees and high throughput capacity on testnet have enabled continuous trading even when simulating thousands of concurrent users – something that might clog less scalable testnets. The platform is also tracking how its automatic risk controls (like the pendulum mechanism) perform quantitatively: e.g., maintaining targeted liquidity levels, keeping slippage near zero, and ensuring the funding rates and PnL (profit and loss) for liquidity providers stay within expected bounds. These technical benchmarks, once validated on testnet, will serve as proof points that DeriW can handle real-world volumes and stress when it goes live. Expected Outcomes & Next Steps Before Mainnet Launch The testnet phase is not just a demo for DeriW – it's a critical period for learning and refining. The main goals include collecting user feedback on the trading interface and features, uncovering any bugs or security vulnerabilities, and optimizing the platform's performance under realistic conditions. DeriW is actively analyzing user interactions with its new liquidity model (including preferred leverage levels, popular trading pairs, and responses to zero fees) to refine fee structures and risk management. Incentive initiatives, such as the Supernova event, serve both as promotional tools and practical stress tests to ensure the platform performs reliably under high trading volume. Feedback collected through community channels will directly guide improvements, prioritizing user-identified issues in ongoing development sprints. By Q2 2025, DeriW plans to transition from testnet to mainnet alongside the $DER Token Generation Event (TGE), officially launching its economic and governance models. Prior to mainnet launch, the team will thoroughly fine-tune smart contracts, bolster infrastructure, and enhance the user interface based on insights gained from testnet users. The roadmap beyond mainnet is ambitious: by Q3 2025, DeriW plans to introduce a professional-grade API for algorithmic traders and support custom trading pairs. By Q4 2025, the goal is to cultivate a global trading community and further improve the user experience through community-driven enhancements—all built upon the foundation established during the testnet. Engaging the Community and Conclusion DeriW actively keeps the community engaged and informed with regular testnet updates, transparent performance metrics, and ongoing social media interaction. Early testnet adopters gain not only rewards but also valuable firsthand experience, positioning them advantageously for the mainnet launch. Backed by the seasoned CoinW exchange group, the meticulous approach to this testnet demonstrates readiness for prime time. DeriW's testnet isn't just another generic launch—it's a bold demonstration of innovation, combining proven DeFi strengths with fresh enhancements. By benchmarking against industry leaders, DeriW signals its ambition to lead in decentralized trading. The coming months will be critical, but current progress suggests DeriW is well-positioned to convert testnet success into a transformative mainnet launch. Stay tuned as DeriW moves from testnet to mainnet, carrying forward the insights and confidence gained during this trial by fire. About DeriW DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum's security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW's seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed, transparency, and trustless execution. Website: www.deriw.com Twitter: @deriwfi Telegram: https://t.me/deriwfinanceDiscord: https://discord.com/invite/deriwfinance
HONG KONG, March 13, 2025 /PRNewswire/ -- Tencent Cloud, the cloud business of global technology company Tencent, recently announced the signing of a Memorandum of Understanding (MoU) with Mega Berjaya Teknologi – a leading cloud service company, at Tencent Cloud Day in Indonesia. The collaboration, leveraging Mega Berjaya Teknologi's extensive expertise in the cloud industry both domestically and internationally as well as Tencent Cloud's cutting-edge solutions, aims to accelerate digital transformation in Indonesia, dedicated to providing a safe, secure, and satisfying cloud experience, and help local clients stay ahead in the ever-evolving digital landscape. Tencent Cloud Collaborates with Mega Berjaya Teknologi to Support the Acceleration of Indonesia’s Digital Transformation Indonesia – Southeast Asia's largest economy – is now at the forefront of the region's digital transformation. Under this newly signed agreement, Mega Berjaya Teknologi's highly professional technical team is set to collaborate closely with Tencent Cloud to help clients optimize their network infrastructure. Leveraging Tencent highly competitive, cutting-edge technologies and unique products, such as palm verification and Super-App solutions, together with Tencent Cloud's AI products such as eKYC, Mega Berjaya Teknologi offers comprehensive migration services bridging end-user needs to drive operation efficiency, enhance user experience, and create new opportunities for businesses across Indonesia. Demonstrating its capabilities and opening more doors for opportunities, Tencent Cloud and Mega Berjaya Teknologi delivered a CDN solution to one of Indonesia's top e-wallet companies, which resulted in lower latency and improved local caching rates. The initiative was met with positive response, citing high satisfaction with both Tencent Cloud's solution and its technical support. Faye Gong, Business Development Director in Southeast Asia and South Asia of Tencent Cloud International, said, "Tencent Cloud's partnership with Mega Berjaya Teknologi highlights our dedication to empowering local enterprises, while also driving innovation, enhancing competitiveness, and achieving business goals with our cutting-edge cloud, AI and media solutions. In line with this commitment, the growth of Indonesia's digital ecosystem reflects Tencent Cloud's continued development in the market, underscoring our expertise in supporting enterprise digital transformation for our partner network. We pledge to contribute to Indonesia's vision for the future, working together with public and private sectors to drive the digital economy forward." John Salim, CEO of Mega Berjaya Teknologi, said, "Being Southeast Asia's largest economy, Indonesia's digital transformation journey is now at a most pivotal moment. We are delighted to collaborate with Tencent Cloud, and to leverage their highly reliable and high-quality cloud, media, and AI solutions, enabling us to harness cutting-edge technologies that will bring greater benefits to Indonesian clients and help them as they accelerate their digitalization. Furthermore, thanks to our new partnership, Mega Berjaya Teknologi continues to achieve significant growth, which will only be further boosted by working together with Tencent Cloud." Indonesian businesses are now actively contributing to Tencent Cloud's global partner ecosystem with a network of over 11,000 partners. Offering more than 400 solutions across 30 industries around the world, Tencent Cloud continuously recruits local and regional partners to support their growing international business, with a particular focus across the media, entertainment and live-streaming sectors. To further help boosting Indonesia's digital transformation, Tencent Cloud has reinforced its commitment to supporting local enterprises and expanding cloud capacity by announcing the development plan of its third data center in the country. The new infrastructure service will complement its existing data centers, joining Tencent Cloud's global network of over 50 availability zones spanning 21 regions, including Indonesia. About Tencent Cloud: Tencent Cloud, one of the world's leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.
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