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TAIPEI, March 31, 2025 /PRNewswire/ -- TPIsoftware (TWSE: 7781) and its Vietnam's partner GGI technology have collaborated in a flagship project to implement AI-powered ESG solutions in Nam Cau Kien Industrial Park to reinforce the country's commitment to sustainable development in the industrial sector. Following the signing between the key partners, the cross-national project aims to transform Vietnam's first eco-industrial park, established in 2008, by deploying AI technologies to enhance environmental, social, and governance (ESG) practices, while supporting Vietnam's goal to achieve net zero emissions by 2050. Nguyen Thuy Anh (CEO, GGI Technology) and Pham Hong Diep (Chairman, Shinec) sealed the partnership agreement with a handshake after signing the contract, witnessed by Yvonne Chien (Executive Vice President of TPIsoftware), Do Vuong Phong (General Manager of TPIsoftware Vietnam), Dr. Nguyen Kim Anh (ESG expert), with the attendance of key leaders. Located in Hai Phong, Vietnam, Nam Cau Kien has attracted domestic and foreign investors due to its strategic location in the Northern coastal region and long-term sustainability initiatives. The park has partnered with GGI Technology, a leading environmental consultancy offering advice for GHG and ESG projects, to effectively implement ESG strategies. GreenSwift and ElectriSwift—sustainability solutions by TPIsoftware—have been incorporated into the park's system for seamless greenhouse gas emissions management and improved energy efficiency. As a key component of the sustainable development model, GreenSwift, an integrated carbon management platform, is utilized to automate carbon data collection, analysis, and reporting, ensuring carbon auditing efficiency and compliance with international frameworks such as ISO 14064 and the Intergovernmental Panel on Climate Change (IPCC). Complementing the initiative is ElectriSwift, an AI-powered energy management system, which provides real-time insights into energy consumption, identifies inefficiencies through anomaly detection based on acquired power usage patterns, improving overall ESG performance while reducing energy costs. Ms. Nguyen Thuy Anh, CEO of GGI Technology, stated: "GGI's mission is to accompany businesses on their journey toward sustainable green transformation, positioning ESG as a strategic foundation for growth. Nam Cau Kien is an ideal partner—bringing together vision, commitment, and determination to lead the green transition of Vietnam's industrial sector." "Nam Cau Kien is committed to building the industrial park model of the future—where economic growth goes hand in hand with environmental and social responsibility," affirmed Mr. Pham Hong Diep, Chairman of the Board of Directors at Shinec Joint Stock Company, the investor behind Nam Cau Kien Industrial Park. "We are joining hands to create a true ecological industrial park at Nam Cau Kien, spreading the spirit from Hai Phong to investors across the country, and inspiring a mindset of sustainable investment, investment for the future, where economic development is closely tied to environmental protection. This, in turn, helps build a symbiotic ecosystem that brings happiness to the community," he emphasized. Dr. Nguyen Kim Anh, ESG advisor and environmental remote sensing expert at the Vietnam Academy of Science and Technology, emphasized: "A truly green industrial park not only applies ESG principles but also requires a centralized management system that connects environmental, energy, and ecological security data on a single digital platform. The application of AIoT, artificial intelligence, remote sensing, and integrated one-stop technologies enables real-time monitoring, operational optimization, and ensures truly sustainable development." "ElectriSwift's implementation in Vietnam's industrial park marks its global launch, with an upcoming plan to conduct a PoC (Proof of Concept) at the Tainan City Hall in southern Taiwan. This signifies ElectriSwift's potential to be deployed across public and commercial infrastructure for enhanced utilization and optimization of renewable energy," said Yilan Yeh, General Manager at TPIsoftware. "Our collaboration with Nam Cau Kien shows how we, as a B2B software leader, leverage our expertise in digital transformation solutions to help enterprises navigate the challenges of technological advancement, sustainable development and regulatory compliance. That is the spirit behind our 'Tech for Change' motto—harnessing the power of technology to drive sustainable transformation. It's about creating smart, market-proven solutions that help organizations meet their ESG goals while building a more resilient and responsible future for the planet."
“Inheriting Traditional Chinese Medicine, Inspiring a Smarter Future”HONG KONG SAR - Media OutReach Newswire - 25 March 2025 - Beijing Tong Ren Tang has a brand history spanning over 350 years. Beijing Tong Ren Tang Chinese Medicine Company Limited ("Beijing Tong Ren Tang") (3613.HK) in Hong Kong is committed to promoting the legacy of traditional Chinese medicine culture and supporting the industry's long-term development. Recently, the company held a Plaque Cleansing (Complimenting) Ceremony at its Research and Development Production Plant at Tai Po Industrial Estate to celebrate the annual global "Tong Ren Tang Day," reaffirming its commitment to uphold virtues, nurture culture, and sustain traditional craftsmanship. Today, Beijing Tong Ren Tang officially announced its series of activities for 2025, highlighting the inaugural "Hong Kong Student Ambassador Programme for Chinese Medicine and Health Care." (Photo 1) With a prestigious royal medicine brand history of over 300 years, Beijing Tong Ren Tang Chinese Medicine Company Limited recently held a Plaque Cleansing (Complimenting) Ceremony at its Research and Development Production Plant and Cultural Museum at Tai Po Industrial Estate to celebrate the annual global "Tong Ren Tang Day." The "Hong Kong Student Ambassador Programme for Chinese Medicine and Health Care" is organized by Beijing Tong Ren Tang and supported by China Mobile Hong Kong Company Limited ("CMHK") through its education platform "Edubile". The programme combines Tong Ren Tang's over 350 years of traditional Chinese medicine wisdom with Edubile's 5G+AIoT technologies, providing participating schools with a specially designed course named "Tong Ren Smart Green Chinese Herbal Medicine Cultivation Course" that integrates STEAM education elements. The course aims to fuel Hong Kong students' interest in traditional Chinese medicine culture and modern technology. It also seeks to enhance their awareness of career planning, nurture a new generation of student ambassadors promoting traditional Chinese medicine culture, and actively contribute to the development of community health. Today, Beijing Tong Ren Tang held a launch ceremony for the inaugural "Hong Kong Student Ambassador Programme for Chinese Medicine and Health Care" at its Research and Development Production Plant at Tai Po Industrial Estate. Distinguished officiating guests included Mr. Chen Fei, Executive Director of Beijing Tong Ren Tang Chinese Medicine Company Limited; Mr. Liu Gang, Factory Manager of Beijing Tong Ren Tang Chinese Medicine Company Limited; Mr. Chen Ning Jie, Assistant General Manager, Product Centre, China Mobile Hong Kong Company Limited, and Mr. Wong Wai Lung, Senior Product Manager (Education Product), China Mobile Hong Kong Company Limited. (Photo 2) Beijing Tong Ren Tang collaborates with China Mobile Hong Kong’s Education Platform “Edubile” to launch the inaugural "Hong Kong Student Ambassador Programme for Chinese Medicine and Health Care" and activate the "Tong Ren Smart Green Chinese Herbal Medicine Cultivation Course." Mr. Chen Fei, Executive Director of Beijing Tong Ren Tang Chinese Medicine Company Limited (Left) and Mr. Chen Ning Jie, Assistant General Manager, Product Centre, China Mobile Hong Kong Company Limited (Right) hosted the launching ceremony that marks the integration of traditional Chinese medicine wisdom with innovative technologies. Inheriting Traditional Chinese Medicine, Inspiring a Smarter Future. Speaking at the ceremony, Mr. Chen Fei, Executive Director of Beijing Tong Ren Tang Chinese Medicine Company Limited, said, "With a brand history of over 350 years, Beijing Tong Ren Tang is dedicated to passing on the essence and wisdom of traditional Chinese medicine to benefit society and the world. We are thrilled to be supported by China Mobile Hong Kong's education platform Edubile. By integrating the knowledge of traditional Chinese medicine with smart and innovative technologies, we bring a wealth of diverse experiences to campus for teachers and students. Our goal is to deepen public understanding, preserve this rich cultural heritage, and promote healthier lifestyles." Mr. Chen Ning Jie, Assistant General Manager, Product Centre at China Mobile Hong Kong Company Limited, stated that CMHK was honored to collaborate with Beijing Tong Ren Tang through Edubile, jointly promoting the convergence of culture, education, and technology while proactively nurturing the next generation of talent. He mentioned that by leveraging CMHK Edubile's proprietary 5G+AIoT technologies, they provided students with immersive and interactive learning experiences, which included cultivating and observing the growth cycles of Chinese medical herbs. Such an approach would inspire students' research spirit and creative thinking. Mr. Chen expressed that China Mobile Hong Kong looked forward to working closely with Beijing Tong Ren Tang to create a new landscape in education. (Photo 3) Guests attending the launch ceremony of the inaugural "Hong Kong Student Ambassador Programme for Chinese Medicine and Health Care” (from Left to Right) : Mr. Liu Gang, Factory Manager of Beijing Tong Ren Tang Chinese Medicine Company Limited; Mr. Chen Fei, Executive Director of Beijing Tong Ren Tang Chinese Medicine Company Limited; Mr. Chen Ning Jie, Assistant General Manager, Product Centre, China Mobile Hong Kong Company Limited and Mr. Wong Wai Lung, Senior Product Manager (Education Product), China Mobile Hong Kong Company Limited. The inaugural "Hong Kong Student Ambassador Programme for Chinese Medicine and Health Care" offers the "Tong Ren Smart Green Chinese Herbal Medicine Cultivation Course," covering four major areas: theoretical knowledge, practical experiments, expert interactive learning, and community engagement. The course provides in-depth knowledge of Chinese medical herb cultivation techniques, medicinal herb knowledge, and modern developments in Chinese medicine. It also includes practical components, such as making Chinese medicine herbal sachets, to enhance enjoyment and stimulate student participation. Through the "Tong Ren Smart Green Chinese Herbal Medicine Cultivation Course" students will learn to cultivate various types of Chinese medicinal herbs, utilizing CMHK Edubile's 5G+AIoT technologies to observe, record, and analyze plant growth data. Participants will also have the unique opportunity to visit Beijing Tong Ren Tang's Research and Development Production Plant and Cultural Museum at Tai Po Industrial Estate, as well as CMHK 5G Lab, interacting and exchanging insights with traditional Chinese medicine experts and technology specialists. This experience enhances students' understanding of the Chinese medicine industry and its technological applications. The comprehensive program fosters awareness of traditional Chinese medicine culture, inspires interest in its practices, and encourages creative thinking through practical experiences, achieving interdisciplinary educational innovation. The "Hong Kong Student Ambassador Programme for Chinese Medicine and Health Care" is now open for enrolment for local primary and secondary school students. Upon completion of the course and community activities, participants will be awarded the "Tong Ren Smart Green Chinese Herbal Medicine Cultivation Course" Certificate and become "Hong Kong Student Ambassador for Chinese Medicine and Health Care". For more details and enrolment information, please contact the programme coordinator via email at btrtapplication@gmail.com on or before 30 March 2025.Hashtag: #BeijingTongRenTang #Edubile #ChineseMedicine #StudentAmbassador #Education #SmartGreenhttps://cm.tongrentang.comhttps://www.facebook.com/beijingtongrentanghkThe issuer is solely responsible for the content of this announcement.About Tong Ren Tang DayOn the 18th day of the second lunar month in the year 1723 (during the reign of Emperor Yongzheng), the Imperial Medical Bureau official, Liu Shengfang, submitted the memorial to the throne. Emperor Yongzheng approved the supply of medicinal materials from the Tong Ren Tang pharmacy for use in the Imperial Palace. This marked the beginning of a unique 188-year tradition of providing medicinal supplies to the Qing dynasty palace. As a result, the 18th day of the second lunar month was designated as 'Tong Ren Tang Day'. About Beijing Tong Ren TangTong Ren Tang was founded in 1669, and has a history of 356 years. The company has always adhered to its corporate motto of "No compromise on cost and labour despite the complexity of processing herbal medicine. No compromise on quality and standard despite the scarcity of medicine ingredients." This commitment has led Beijing Tong Ren Tang to steady development, lasting through every generation, achieving excellence, and becoming a national treasure while expanding globally. At the same time, Beijing Tong Ren Tang has taken on the mission of promoting traditional Chinese medicine culture, actively participating in domestic and international traditional Chinese medicine promotion activities, facilitating cultural exchanges around the world, and striving to expand the international influence of traditional Chinese medicine. To date, it has been operating over 160 retail branches in 26 countries and regions overseas, making it one of the most recognized traditional Chinese medicine brands internationally.About Beijing Tong Ren Tang Chinese Medicine Company LimitedIn 2004, Tong Ren Tang expanded its operations overseas by establishing Beijing Tong Ren Tong Chinese Medicine Company Limited in Hong Kong. Ahering to the corporate belief of "Nurturing kindness and virture, Preserving tranquility and wellness", and with the mission of "Healthy Life, Globally Choice", the company is based in Hong Kong while strategically positioning itself worldwide. It carries the mission of promoting traditional Chinese medicine culture outside mainland China. By employing a model that integrates medical services with medicine and emphasizes cultural outreach, the company is driving forward the internationalization of traditional Chinese medicine. (Beijing Tong Ren Tong Chinese Medicine Company Limited website: https://cm.tongrentang.com)About New Product Research and DevelopmentBeijing Tong Ren Tang Chinese Medicine Company Limited actively develops a variety of registered Traditional Chinese patent medicines and health products, embodying the philosophy of "Health Life, Globally Choice." This year, the company has introduced a registered Chinese medicine specifically designed for the prevention and treatment of non-alcoholic fatty liver disease (NAFLD) – Lingzhi Jianghuang Fufang Huoxue Anshen Capsules, which includes Ganoderma and turmeric compound for invigorating qi and tranquilizing the mind.. This product features a unique formula containing ingredients such as Ganoderma, turmeric, magnolia berry, and , and kudzu root. It offers a range of benefits, including promoting blood circulation and energy flow, quenching thirst, replenishing energy, and calming the mind. With its "cleanse, regulate, and nourish" three-in-one functionality, the product can reduce visceral fat, harmonize the body, and ultimately repair and protect the liver. Last year, the company's research and development team collaborated with one of the local well-known universities on the "Pharmacodynamic and mechanism study of Lingzhi-Jianghuang Formula (LJF) extract on NAFLD in mice" was funded by Hong Kong Research Grants Council under Research Matching Grant Scheme. It is a strongly supportive study for the product's efficacy. Furthermore, the company has created awide range of high-quality health products to comprehensively care for public health.About EdubileIn support of the Hong Kong SAR Government's strategic direction in nurturing technological talent, China Mobile Hong Kong (CMHK) has launched its education platflorm "Edubile". Drawing on its strengths in 5G and AI technologies, Edubile aims to drive digital transformation across campuses, fostering a new generation of innovation and technology leaders. Guided by its vision of "Bringing 5G+AI Technology into Campuses", Edubile has developed speciialised educational content and e-learning platforms for educational purposes. By integrating advanced 5G networks with smart campus applications, the initiative significantly enhances school management efficiency and teaching quality, facilitating comprehensive improvements in both teaching methodologies and administrative processes. Additionally, Edubile has introduced Hong Kong's first-ever "5G+Green Technology" course, entitled "Smart Green Campus". This pioneering programme combines 5G technology, the Internet of Things (IoT), and artificial intelligence to assist teachers and students in collaboratively designing campus-based Chinese medicinal gardens and environmentally friendly gardens. The curriculum not only deepens students' appreciation of traditional Chinese medicine culture but also cultivates their environmental awareness and innovative thinking through practical technological applications, achieving interdisciplinary educational innovation. Looking forward, China Mobile Hong Kong will continue to deepen the integration of 5G+AI technologies with innovation and technology education. Through organising diverse educational activities and developing advanced smart educational solutions, CMHK is committed to supporting the creation of a sustainable technology education ecosystem in Hong Kong, nurturing digitally competitive talent for the society of tomorrow.About China Mobile Hong Kong LimitedChina Mobile Hong Kong Company Limited ("CMHK") is the wholly-owned subsidiary of China Mobile Limited (HKEx: 941), which is listed on the Fortune Global 500. CMHK was incepted in January 1997 and was the first mobile network operator to launch PCS services in Hong Kong. As the world's leading mobile network brand with the largest customer base*, The Company offers innovative and comprehensive communications services, including voice, data, IDD and international roaming through 5G, 4G LTE and 3GHSPA and other technologies. The Company is committed to the development of 5G with new technologies such as artificial intelligence, internet of things, cloud computing and big data, integrating 5G applications in different industries, promoting the construction and development of smart city groups in Greater Bay Area. *China Mobile (Hong Kong) Limited is a wholly-owned subsidiary of China Mobile Limited. As of 31 December 2023, China Mobile Limited had the largest number of mobile network subscribers in the world.
At the MICHELIN Guide Ceremony Hong Kong & Macau 2025Presenting an Unparalleled Gourmet Experience HONG KONG, March 21, 2025 /PRNewswire/ -- Siemens, the German world-class home appliance brand with over 175 years of innovations, announced its first partnership with the prestigious MICHELIN Guide as the Event Partner for the MICHELIN Guide Ceremony Hong Kong & Macau 2025. The brand supported the event with a range of top-tier smart kitchen appliances, including built-in ovens, dish-warmers, refrigerators and induction hobs, presenting a feast that blends innovative technology with gourmet cuisine. Combining cutting-edge technology with superb German craftsmanship, Siemens's appliances are reputed for quality built with reliability and modern design. The partnership highlights Siemens's commitment to excellence in kitchen appliances and reflects the shared vision with the MICHELIN Guide to celebrate culinary diversity and passion for exceptional food. With joint effort, the ceremony curated unforgettable gastronomic moments that delighted and inspired food enthusiasts worldwide. The ceremony featured a Tasting Pavilion, inviting eight chefs from the MICHELIN Starred restaurants to prepare a diverse selection of culinary delights for guests. Siemens's first collaboration with MICHELIN Guide The highly anticipated MICHELIN Guide Ceremony Hong Kong & Macau 2025 (the Ceremony) was held on 13 March 2025 at Grand Lisboa Palace Resort Macau. The event brought together chefs from MICHELIN Starred restaurants, industry leaders and gastronomes to celebrate the outstanding achievements of the Hong Kong and Macau dining scene. In addition to revealing the 17th edition of the MICHELIN Guide Hong Kong & Macau, the Ceremony also featured a premium cocktail reception. Eight specially invited chefs—Wong Chi Fai (T'ang Court), Ding Yong (Xin Rong Ji (Xinyuan South Road)), Richard Ekkebus (Amber), Santiago Fernández (MAZ), Julien Tongourian (Robuchon au Dôme), Auntie Gaik Lean (Auntie Gaik Lean's Old School Eatery), Arvin Wan (MINIMAL), and Sam Tran (Gia)—prepared delectable dishes to serve more than 450 guests at the Tasting Pavilion. The Tasting Pavilion was furnished with Siemens's smart kitchen appliances, including built-in microwave ovens, multi-functional dish-warmers, fridges and induction cooktops, helping the chefs showcase their amazing culinary skills. These appliances enabled the chefs to efficiently cook and serve dishes to the guests within a tight timeframe, doubling up the artistic treat. The Tasting Pavilion was fully equipped with Siemens’s kitchen appliances so guest chefs could prepare delicacies. Powered by innovative technology, these appliances ensure excellent and consistent food quality, enabling chefs to deliver culinary excellence with precision and efficiency. In addition to the chefs, some guests also expressed their compliments for Siemens's innovative technology, sharing how these appliances have revolutionized their cooking experiences. Sunny Chan (Founder of Elegant Kitchen (HK) Limited) noted that Siemens' smart technology has become a symbol of excellence, with its products consistently delivering outstanding performance. Tommy Fong (Founder of Kitench Leader Limited) highlighted its continuous innovation in kitchen appliances, particularly the studioLine oven equipped with a built-in camera and AI technology, impressively automating the baking process. Jimmy Wong (Director of Built-In Pro Limited) also emphasized the brand's commitment to quality and passion for innovation, from multifunctional washing machines to intelligent kitchen appliances, as well as its vision as a leader in the home appliance industry. These appliances not only provide a helping hand to chefs but also allow users to enjoy a professional-level cooking experience at home, just like MICHELIN Starred chefs. Siemens expressed their excitement about partnering with the MICHELIN Guide for the first time, highlighting how their innovative kitchen technology played a vital role in supporting the prestigious event. Miss Heidi Chu, Head of Brand and Consumer Touchpoint of BSH-HK, stated, "We are honored to be part of the culinary gala and collaborate with MICHELIN to curate a dining feast. As a leading brand in Ovens, our products not only enhance the cooking efficiency of chefs but also provide guests with unique dining experiences." This collaboration, she added, underscored Siemens' dedication to merging advanced technology with the art of cooking, and they looked forward to working with MICHELIN Guide again while continuing to contribute innovations and inspiration for the culinary world. Chef Dialogue: Sam Tran's story behind the kitchen Chef Sam Tran masterfully blends tradition and innovation, showcasing her distinguished skill in reinterpreting Vietnamese culinary heritage. The seasonal 12-course set menu and beautifully crafted dishes showcase her well-judged combinations of subtle flavors, with acidity and texture playing prominent roles. During the Ceremony, Siemens hosted an exclusive interview with Sam, delving into her culinary journey and inspirations, and how Siemens appliances empower their work in the kitchen. As a chef, Sam has been profoundly shaped by Vietnamese heritage and her experiences working overseas. She expressed that cooking is a medium for storytelling, where each ingredient, technique, and flavor combination serves as a reflection of her cultural roots and her aspiration to share them with food lovers. She also emphasized the importance of precision and efficiency. "In a high-pressure environment like tonight's event, having reliable equipment is crucial. The Siemens fridge, for example, hyperFresh Plus, ensures our ingredients and food are stored at the perfect temperature, preserving their freshness and quality. This allows us to focus on creativity and delivering an exceptional dining experience." She shared that the event was more than just a platform to serve food; it was a celebration of culture, a chance to connect with fellow chefs, and an inspiration for others to discover the depth and richness of different cuisines. Chef Sam Tran and her team proudly showcase the vibrant flavors and ingredients of Vietnam at the Ceremony, bringing their culinary heritage to life and offering guests a memorable taste of Vietnamese cuisine. For more details, please visit https://www.instagram.com/siemenshomehk/. Download high-resolution images here. About Siemens With over 175 years of innovation, Siemens has seamlessly intertwined with life and technology, paving the way for our future. The brand is dedicated to revolutionizing your culinary journey with exceptional built-in solutions featuring cutting-edge technology such as precision in temperature control. Known for quality built with reliability, Siemens focuses on enhancing consumer experience through relentless delivery of meticulous cooking performance with user-friendly interfaces that make cooking a joy. It is not surprising that Siemens holds a leading position as the No.1 brand in ovens. Experience the excellence of Siemens Home Appliances and discover how their intelligent solutions truly delight. Learn more about Siemens: https://www.siemens-home.bsh-group.com.hk/en/
VIENTIANE, Laos, Feb. 24, 2025 /PRNewswire/ -- This is a report from china-asean-media.com. On February 23, the signing ceremony for the China-Laos AI Innovation Cooperation Center was held in Vientiane. The first China-ASEAN AI Cooperation and Innovation Platform—the China-Laos AI Innovation Cooperation Center—was officially signed in Vientiane. On February 23, the signing ceremony for the China-Laos AI Innovation Cooperation Center was held in Vientiane. Jointly established by China's Guangxi Zhuang Autonomous Region and Laos, the center marks the first AI cooperation platform between China and ASEAN. Through the joint development of this center, both sides aim to systematically enhance Laos' foundational capabilities in the AI era, empowering the growth of various industries. The ceremony was witnessed by Chen Gang, Party Secretary of the CPC Guangxi Zhuang Autonomous Region Committee and Chairman of the Standing Committee of the People's Congress of Guangxi Zhuang Autonomous Region, and Boviengkham Vongdara, Minister of Technology and Communications of Laos. Chen Gang is currently leading a delegation on a visit to Laos. The China-Laos AI Innovation Cooperation Center project was progressed swiftly from negotiation to signing under the promotion of both Chinese and Lao sides, reflecting the strong consensus and efficient execution of both countries in advancing AI cooperation. This achievement not only underscores the pragmatic approach taken by China and Laos in seizing AI development but also serves as a model of both sides' commitment to the ASEAN-China Joint Statement on Facilitating Cooperation in Building a Sustainable and Inclusive Digital Ecosystem, setting a new benchmark for regional AI technology inclusivity and governance cooperation. The Lao government and various sectors have highly praised this project and expressed gratitude to China for supporting Laos' AI development strategy, turning its AI industry blueprint into tangible results. Under the AI inclusive plan proposed by the Chinese government, Guangxi will continue to strengthen cooperation with ASEAN countries, starting with the China-Laos AI Innovation Cooperation Center. This initiative aims to ensure AI benefits humanity, contributing to social welfare and bringing greater well-being to all people.
HONG KONG and SHANGHAI, Feb. 21, 2025 /PRNewswire/ -- Fosun's global operations achieved another milestone. On February 20, during the Abu Dhabi Investment Forum in Shanghai, Fosun International signed a Memorandum of Strategic Cooperation with the Abu Dhabi Investment Office (ADIO). This collaboration aims to drive the expansion of Fosun's subsidiaries into Abu Dhabi and the broader Middle East region, injecting fresh momentum into Fosun's global presence and industrial operations. Under the agreement, ADIO will provide Fosun with tailored investment support, streamlined market access, and strategic resource connections. These efforts will support Fosun's development in Abu Dhabi's key growth sectors, including healthcare innovation, wealth management, fintech, tourism and Hive City projects. Together, ADIO and Fosun aim to further amplify Fosun's influence across the Middle East. ADIO enables investors to establish and grow their businesses in the region. It supports market leaders in expanding globally from Abu Dhabi, providing access to a strong partner network and interconnected economic clusters. With tailored guidance and resources, ADIO contributes to sustainable growth and long-term investment in the emirate's dynamic economy. H.E. Badr Al-Olama, Director General of ADIO, said: "Abu Dhabi continues to attract the world's most prestigious companies, reinforcing the emirate's standing as a globally attractive investment destination. Partnering with Fosun International underscores our commitment to promoting high-impact investments that drive innovation and accelerate Abu Dhabi's economic transformation. As one of China's most reputable conglomerates, Fosun's entry into Abu Dhabi will open new avenues of collaboration across diverse industries, further advancing the emirate's vision of robust sustainable economic growth." According to the agreement, Fosun will collaborate with ADIO to enhance Abu Dhabi's efforts to attract global investors and family offices, in addition to supporting the development of ADIO's economic clusters. In addition, Fosun's key members in the financial and technology sectors—Fosun Wealth Holdings and Finloop—are actively engaging with relevant institutions in the Middle East to explore cooperation opportunities in wealth management and fintech. These efforts aim to further support Abu Dhabi in building a world-class investment ecosystem. Wilson Jin, Senior Vice President of Fosun International, commented: "Abu Dhabi's strategic location, business-friendly environment and world-class regulatory framework make it the ideal hub for Fosun's next phase of international growth and scaling our subsidiaries. The partnership with ADIO will allow us to expand our footprint, attract top-tier investors and contribute to the emirate's economic vision." Strengthening Presence in the Middle East: Fosun's Recent Developments After more than 30 years of development, Fosun has grown into a benchmark for Chinese private enterprises in global operations. With operations in more than 35 countries and regions, Fosun's industrial ecosystem increasingly demonstrates its synergistic advantages. Under the new economic landscape, Fosun continues to advance its globalization efforts. The Middle East, with its economic vitality and high-growth potential, is gradually becoming a key frontier in Fosun's global operation strategy. In December 2024, Hainan Mining's wholly-owned subsidiary, Roc Oil, successfully completed the full offer for Tethys Oil AB, acquiring its multiple oilfield blocks in Oman. This transaction not only marks the continued advancement of the company's internationalization strategy, expanding its business operations into the Middle East and enhancing its global operational capabilities, but also provides broader opportunities for future growth. In November 2024, Fosun Pharma's innovative biopharmaceutical subsidiary, Henlius entered into a strategic collaboration with AL-TIRYAQ AL-KHALAWI Medical Company ("SVAX"). The two parties will establish joint ventures in Saudi Arabia to integrate Henlius' leading capabilities in the research, development, and manufacturing of biologics with SVAX's local expertise in registration, market access, and commercialization. The collaboration seeks to advance the global registration and commercialization of multiple Henlius products and enhance the accessibility of advanced biologics across the Middle East, North Africa, and Türkiye (MENAT) countries, and benefit more patients. In June last year, Henlius' independently developed and produced product, Hanquyou® was successfully shipped to Saudi Arabia, marking the first domestically produced monoclonal antibody biologic drug to enter the Middle Eastern market. FFT, a global leader in flexible automation production line solutions under Fosun, signed a joint venture agreement with Saudi family business Khaled Juffali Company (KJC) in July 2024. The plan is to establish a commercial technology entity in Saudi Arabia, and collaborate with Shanghai Easun Technology, FFT's parent company under Fosun, to provide automated production line solutions for Saudi Arabia's electric vehicle industry. The joint venture has already secured its first project in Saudi Arabia's automotive sector. In just six months, Fosun has achieved successive breakthroughs in the Middle East market, spanning multiple sectors including healthcare, energy, finance, and intelligent manufacturing. This string of achievements not only stems from Fosun's unwavering execution of its "globalization" strategy but also demonstrates Fosun's excellent operational capabilities and strong advantages in resource integration. Meanwhile, Fosun's rich experience in the Chinese market and its diversified, synergistic industrial ecosystem have shown Middle Eastern partners the enormous potential for collaboration and shared success. Fosun International Chairman, Guo Guangchang, stated: "Fosun looks forward to establishing long-term and stable strategic cooperation with more Middle Eastern partners. As a company with global operational capabilities and deep roots in the Chinese market, I believe Fosun is the best strategic partner. With our global operational capabilities and extensive experience, Fosun can achieve sustainable value growth with Middle Eastern partners and create a new win-win ecosystem. "
The web app lets homebuyers save on buyer agent commissions while MAIA's automated features help find ideal homes faster and easier. The service is free for homebuyers. MAIA searches over 100,000 concurrent property listings across Singapore's major property portals, including PropertyGuru.com.sg, 99.co and MOGUL.sg After users choose their favourite listings, MAIA then autonomously creates individual WhatsApp chats with each listed contact. Built using Google's Vertex AI platform and Gemini models, MAIA uses cutting-edge natural language processing to converse with sellers or their agents to schedule viewing appointments on behalf of the buyer. MAIA even understands Singlish and common emojis. Sellers or their agents pay MOGUL.sg a 0.2% referral fee only upon a successful sale, significantly lower than the typical 1% co-broking fees charged by buyer's agents. SINGAPORE, Feb. 5, 2025 /PRNewswire/ -- Homebuyers in Singapore face a tedious and time-consuming process when searching for a new home. They need to visit multiple property portals, manually track their favourite listings, make tons of calls to sellers' agents to fix viewing appointments and struggle with unresponsive listing agents. MAIA: MOGUL.sg's AI Agent This inefficient system frustrates buyers, who end up employing their own agents, often adding to their costs through agent commissions. Traditionally, buyers pay around 1% commission to their agents for HDBs, who are now urging buyers to also pay the same 1% commission[1] for private property sales, when it was previously free for buyers. Currently, for private property sale transactions, buyer agents have to negotiate with seller agents for their share of the commission through co-broking since buyers do not pay commission to the agents representing them. Having an agent doesn't guarantee a smooth experience as they can run into unfriendly seller agents[2] who stonewall to avoid splitting their commission with the buyer's agent. MAIA revolutionises homebuying - from messy to easy Homegrown property search portal MOGUL.sg now has a game-changing solution for homebuyers. MAIA (MOGUL.sg Artificial Intelligence Agent) is Singapore's first AI property agent, a web app designed to streamline the search for the perfect home and simplify appointment scheduling with seller agents. The web-based platform aggregates over 100,000 property listings from major Singaporean real estate portals, including PropertyGuru.com.sg, 99.co, and MOGUL.sg, and lets users easily keep track of their favourites, saving hours from navigating multiple websites. MAIA: Search Filters MAIA: Home Listings MAIA: Shortlisted Homes, Autonomous AI Scheduling Gerald Sim, CEO and Co-Founder of MOGUL.sg, said, "MAIA is the homebuyer's best friend — a smarter way to search, schedule and secure your next home." "By combining Google's cutting-edge Gemini models with our deep knowledge of the property buying process, we aim to transform homebuying from messy to easy," he added. Serene Sia, Country Director, Malaysia and Singapore, Google Cloud, said, "Google Cloud is committed to providing the industry's most enterprise-ready AI platform to help organisations embrace the full potential of generative AI. By utilising Google Cloud's Vertex AI platform and the agentic capabilities of Google's Gemini models to build and launch MAIA, MOGUL.sg is re-imagining home buyers' property search experience across touchpoints. We are proud to collaborate with them on their innovation journey." MAIA also eliminates the hassle of manually coordinating viewings with multiple sellers or selling agents. Built using Google's Vertex AI platform and Gemini models, MAIA converses naturally with sellers or their agents via individual WhatsApp chats to propose and confirm viewing appointments on behalf of buyers. Once a viewing is confirmed, MAIA sends a calendar invite and connects buyers directly to the seller or their agents, transforming a traditionally tedious property search into a hassle-free experience. A win-win situation for buyers and sellers Seller's agents only need to pay a referral fee of 0.2% when completing a sale through MAIA instead of the usual 1% co-broking fee with a buyer agent, creating a win-win situation for homebuyers and seller's property agents. This helps to address the issue of agents trying to avoid sharing co-broking commissions[3]. MAIA delivers direct leads to property agents without additional listing fees - allowing them to focus on closing deals – and replies to messages immediately, reducing friction during the process of arranging for viewing appointments. PropertyLimBrothers, one of Singapore's leading real estate agencies, has partnered with MOGUL.sg to harness MAIA's innovative AI capabilities. They recognise the platform as a beneficial tool for buyers and sellers that improves transparency and saves time. By integrating MAIA into its operations, PropertyLimBrothers aims to support its agents with better tools and resources to drive sales leads and improve administrative efficiency. "MAIA is a homebuying revolution. Buyers enjoy a simpler, stress-free journey and connect directly with sellers or selling agents to save time on their viewing arrangements through MAIA AI's capabilities and chat functions. It's a win-win for everyone. MAIA also creates opportunities for PLB listing agents to build direct relationships with buyers, increasing chances of us building more value for them for their home buying journey," said Melvin Lim, CEO of PropertyLimBrothers. Gerald Sim said, "We're on the cusp of a revolution in property buying, much like the travel industry's evolution from phone bookings to travel agents and AI-powered aggregators. MOGUL.sg aims to be the ultimate homebuying aggregator like Online Travel Agents (OTAs) are to hotel bookings, and drive Singapore to the global forefront of this exciting transformation." Explore MAIA at https://www.mogul.sg/maia-homesearch and experience the future of homebuying. [1] https://www.businesstimes.com.sg/property/property-agencies-ink-mou-adopt-co-broking-best-practices-resolve-disputes [2] https://www.straitstimes.com/singapore/housing/property-agents-ink-new-pact-to-prevent-being-blocked-from-co-broking-and-conflict-of-interest [3] https://www.straitstimes.com/singapore/housing/property-agents-ink-new-pact-to-prevent-being-blocked-from-co-broking-and-conflict-of-interest About MOGUL.sg Founded in 2019, MOGUL.sg is a trailblazing real estate platform in Singapore, using geospatial technology, 3D maps, and AI to disrupt traditional property processes. It offers instant property valuations and mortgage calculations. MOGUL.sg simplifies the buying, renting, and selling process with virtual tours and interactive data, making real estate transactions faster, cost-effective, and more efficient. For more information about MOGUL.sg and its new AI-powered platform, please contact: Goh Wu Chong (On behalf of MOGUL.sg)Senior Account Manager, Gloo PRwuchong@gloopr.biz9387 8407 Chris Lau Head of Marketing, MOGUL.sgmarketing@mogul.sg
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