AcroMeta Group Limited (“AcroMeta”, or the “Company”, and together with its subsidiaries, the “Group”) today announced a strategic leap into the future of digital trade by entering into a Binding Indicative Term Sheet (the “Term Sheet”) with a technology partner (the “Partner”) for a proposed joint venture (the “Proposed JV”) on 29 November 2025.
The JV will be undertaken through its subsidiary, AcroMeta Lifestyle Pte. Ltd. (“AcroMeta Lifestyle”), which will be develop and provide an AI-powered global trade operating system.
This initiative marks a fundamental shift from passive online marketplaces to an active, intelligent platform that autonomously sources real-time global procurement opportunities and manages the entire trade execution process, including payment, logistics, and customs.
“This joint venture serves as the strategic launchpad for our AI-powered global trade operating platform. By deploying it first within our own ecosystem, we immediately generate a valuable, operational case study and revenue stream. Once we fine tune its efficacy, we will expand into other business, industrial sectors and countries,” Said Mr. Lawrence Toh, Executive Director.
From E-commerce to AI Trade Execution
The Proposed JV will fund the deployment of the AI-powered global trade operating system. This platform will utilize six specialized AI agent clusters—including Customs Data Intelligence, Social Intent Mining, and Government Tender AI—to continuously scan global data sources for verified purchase signals. Suppliers can pay to unlock these high-intent leads, and the platform offers a managed trade service, handling the complex cross-border execution.
JV Structure and Strategic Benefits
Under the Term Sheet, the paid-up capital of AcroMeta Lifestyle will be increased to S$500,000, with AcroMeta contributing S$200,000 for a 51% majority stake and the Partner contributing S$300,000. This structure enables AcroMeta to scale the venture with reduced capital outlay while retaining strategic control.
The technology Partner will assume the role of the general management, bringing day-to-day operational expertise, while AcroMeta maintains full oversight through board chairmanship and financial controls.
A Platform for Global Expansion
The Proposed JV marks a significant step in AcroMeta’s transformation and positions the Group to participate more meaningfully in global AI-driven markets. The Group aims to build new revenue pillars that complement its existing businesses and support sustainable shareholder value.
This media release is to be read in conjunction with SGXNET announcement released on the same date. Reference: https://tinyurl.com/283ykzm8
About AcroMeta Group Limited (SGX: 43F)
AcroMeta Group Limited (“AcroMeta” or the “Company”, and together with its subsidiaries, the “Group”), is in the business of facility management services. The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.
This media release has been reviewed by the Company’s Sponsor, W Capital Markets Pte. Ltd. (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr Foo Say Nam, 65 Chulia Street #43-01 OCBC Centre, Singapore 049513, telephone (65) 6513 3536.
– Participation in FII Summit and business engagements to strengthen Hong Kong-Saudi economic cooperation
A business delegation jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC)and led by Financial Secretary Paul Chan visited Riyadh, the capital of Saudi Arabia, from 27 to 31 October.
The delegation attended the Future Investment Initiative (FII) Summit and met with senior government officials and business leaders to promote collaboration between Hong Kong and Saudi Arabia in areas, such as innovation and technology (I&T), smart city, AI, fintech and biotechnology, supporting the goals of Saudi Arabia’s Vision 2030.
The visit successfully fostered exchange between Hong Kong and Chinese Mainland companies based in Hong Kong and their Saudi counterparts, deepened their understanding of the Middle East market and promoted Hong Kong’s unique role as a superconnector and super value-adder in global trade.
Saudi Arabia is the largest economy in the Middle East, with a GDP of US$ 1.084 trillion in 2024. As of 2024, it is Hong Kong’s fourth-largest trading partner and third-largest export market in the region. Despite its vast oil reserves, Saudi Arabia’s Vision 2030 aims to reduce reliance on oil and transform the country into a private sector-led, open economy. The plan seeks to enhance national competitiveness and attract foreign investment, particularly in infrastructure, tourism and green energy.
Saudi Arabia’s economic transformation presents new opportunities for Hong Kong and mainland enterprises. The composition of the delegation reflects the strong interest of both business communities in the Saudi market and highlights Hong Kong’s role as a key platform connecting international and mainland enterprises. The delegation comprised around 40 representatives from sectors, including I&T, smart cities, AI, fintech and biotechnology.
On 28 October, the delegation attended the FII Summit opening ceremony and a key thematic discussion session, at which Financial Secretary Paul Chan shared Hong Kong’s experience in promoting various public-private partnership models. He noted that the HKSAR Government is expediting the development of the Northern Metropolis as a new engine for economic diversification, a key base for I&T industries and a source of quality employment opportunities.”
In addition to attending the FII Summit, the delegation held meetings with local chambers and institutions, including Saudi Awwal Bank, Saudi National Bank, Riyadh Chamber of Commerce and Industry and Saudi Chinese Business Council. They also visited major development projects, including Diriyah Gate Development Authority, Red Sea Global, the New Murabba smart city and The Garage technology park. These engagements facilitated exchange in investment, cross-border finance, market expansion, academic collaboration and professional services.
A highlight of the visit was the Hong Kong–Saudi Arabia Business Dinner, which provided a valuable platform for in-depth discussions between Saudi enterprises and the delegation. The event fostered diverse collaboration opportunities and led to the signing of multiple memoranda of understanding (MoU) and cooperation agreements, covering areas, such as smart mobility, green energy, AI, robotics and digital transformation, laying a solid foundation for future partnerships.
Anna Cheung, Assistant Executive Director of the HKTDC, said: “The HKTDC is honoured to co-organise this mission with the HKSAR Government. Led by the Financial Secretary, this visit to Riyadh has helped Hong Kong and mainland enterprises based in the city explore new business opportunities and further strengthen Hong Kong-Saudi economic ties.”
She added that the HKTDC will continue to promote bilateral cooperation through exhibitions, forums, overseas missions and business matching activities, and looks forward to seeing more Saudi enterprises leverage Hong Kong as a gateway to the Chinese Mainland and the wider Asian market.
Multiple MoUs and cooperation agreements were signed at the Hong Kong-Saudi Arabia Business Dinner on 30 October:
Hong Kong Trade Development Council and Digital Cooperation Organization
Beijing Yunji Technology Co., Ltd and Young Life Travel and Tourism Co., Limited
I2Cool Company Limited and Madar Building Materials Company Limited
Maphive Technology Limited and Arabian Business Machines Company, a subsidiary of Olayan Saudi Holding Company
Shenzhen RabbitPre Intelligence Technology Co., Ltd and HIBOBI Technology Limited
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
– 22 exhibitors highlight Hong Kong’s I&T strengths
– The Hong Kong Trade Development Council (HKTDC) and Hong Kong Science and Technology Parks Corporation (HKSTP) teamed up to stage two tech pavilions at GITEX Global 2025 in Dubai, helping Hong Kong exhibitors break into the Middle East market. – Multiple pitching sessions were held along with a networking dinner to help Hong Kong’s I&T enterprises establish local business connections. – Hong Kong exhibitors achieved fruitful results, with one exhibitor set to sign a Memorandum of Understanding with the authorities from Oman after the event.
GITEX Global 2025 concluded successfully last Friday. The Hong Kong Trade Development Council (HKTDC)joined hands with the Hong Kong Science and Technology Parks Corporation (HKSTP) to stage two pavilions featuring 22 exhibitors showcasing the latest applications and solutions in AI and robotics, IoT and greentech. The HKTDC also helped organise pitching sessions and a networking dinner to help Hong Kong’s I&T enterprises establish local business connections.
During the exhibition, exhibitor Robocore Technology Limited was in discussion with a multinational outdoor advertising company that was actively considering purchasing Robocore’s advertising robots for global use. Roy Lam, CEO of Robocore Technology, said: “GITEX marks our fourth overseas exhibition this year with the Hong Kong Trade Development Council, following CES in Las Vegas, USA, the Mobile World Congress (MWC) in Barcelona, Spain, and Viva Technology (VivaTech) in Paris, France. We established connections with more than 250 Middle Eastern companies over the five-day exhibition in GITEX. Many buyers expressed interest in purchasing our robots or becoming local distributors. We are also delighted to have met with the authorities from Oman again at GITEX and confirmed that we are signing a Memorandum of Understanding (MoU) in Hong Kong this Thursday, aimed at co-establishing an AI and Robotics Center in Oman, advancing localised talent training and certification, and implementing cross-departmental pilot projects.” He is very pleased to see the strong demand for Hong Kong’s I&T products and services in the Middle East market and will continue to actively expand into the region.
To help Hong Kong exhibitors establish a stronger network with the Middle East and international markets, the HKTDC hosted a networking dinner on 14 October together with the Hong Kong Economic and Trade Office (ETO) in Dubai. Around 100 industry representatives attended from Hong Kong, the local region and beyond. Hong Kong exhibitors were able to connect with local counterparts to explore business opportunities.
Winnie Leung, founder of exhibitor WYNI Technology, shared after the dinner: “The HKTDC has bridged the gap between Hong Kong’s I&T enterprises and the Middle East market by helping us to establish contacts locally to understand the diverse opportunities and challenges in the Middle East market, and by connecting us with local banks and companies to advance business expansion efforts in the region.” Moving forward, WYNI Technology will follow up further to solidify potential partnerships and continue expanding in the Middle East market.
Another exhibitor, Canpanion Group Limited, engaged with a local education company during the networking dinner. Both parties are exploring ways to integrate Canpanion’s technology into inclusive education. They also established contact with relevant local authorities and will further explore collaboration opportunities through the help of the ETO in Dubai. Additionally, another local educational institution expressed interest in partnering with them and the government to establish an AI school, thereby fostering an ecosystem for smart education.
Start-up and investor event Expand North Star took place from 12 to 15 October at Dubai Harbour, where HKSTP set up a Pavilion showcasing innovative solutions from its 10 park companies. The Hong Kong Polytechnic University also participated in the exhibition.
The HKTDC continues to lead Hong Kong businesses in participating in major international tech exhibitions, helping local start-ups expand overseas and reinforcing Hong Kong’s position as a global innovation and technology hub. Following GITEX Global 2025, the HKTDC will once again organise the Hong Kong Tech Pavilion next year at CES in Las Vegas, USA in January, the MWC 2026 in Barcelona, Spain in March and VivaTech in Paris, France, providing an effective platform for I&T companies to showcase their cutting-edge technologies.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the Chinese Mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
Legend Holdings Corporation (Legend Holdings or the Company; HKG: 3396) today announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025 (the Reporting Period). In the first half of 2025, Legend Holdings adhered to its principle of high-quality development driven by scientific and technological innovation and prioritized steady growth while pursuing strategic progress, further strengthening its industrial foundation; and the Company expanded its investments in scientific and technological innovation. By actively cultivating emerging and future industries, Legend Holdings accelerated its efforts to develop new quality productive forces and reinforce its core competitiveness. During the Reporting Period, Legend Holdings posted revenue of RMB281,589 million, representing a 21% year-on-year increase. The net profit increased by 49% year-on-year to RMB4,176 million, and the net profit attributable to equity holders of Legend Holdings was RMB699 million, representing a 144% year-on-year increase. The profit expansion was primarily driven by the enhanced profitability of key enterprises within the diversified-industries operation segment, coupled with narrowed year-on-year losses from the investment businesses of the industrial incubations and investments segment.
Strengthening R&D and Deepening Strategic Deployment Adhering to the principle of driving industrial innovation through sci-tech innovation, Legend Holdings accelerated its efforts to consolidate its traditional industries while proactively exploring into new frontiers. The Company has strategically deployed resources in cutting-edge fields including artificial intelligence, advanced materials, new energy, and biopharmaceuticals, fostering emerging industries with international competitiveness. During the Reporting Period, Legend Holdings further increased its investment in technological development and innovation, with R&D expenditure rising 16% year-on-year to a record half-year high of RMB8,513 million. Subsidiary Lenovo Group successfully capitalized on the surge in hybrid AI. With its forward-looking strategy and disciplined execution, Lenovo has driven coordinated progress across all business segments by leveraging innovation. Levima Advanced Materials maintained sustained momentum in R&D innovation, with 22 new patents granted during the Reporting Period. Key functional materials for new batteries, such as solid-state electrolyte dispersants and silicon-carbon anode binders, completed downstream customer trials and validation. Several new polyolefin catalysts were developed as well and 15 additional products were finalized. The pilot-scale testing for PEEK (Polyetheretherketone) products was also completed, reflecting broad development prospects in high-end and emerging sectors such as healthcare, semiconductors, and humanoid robotics. In strategic emerging and future industries, Legend Holdings Family Group actively supported China’s self-reliance and strength in science and technology, investing in more than 50 technology projects in the first half of the year. The Company facilitated the public listing of 5 enterprises, with more than 10 additional enterprises in the IPO pipeline. In the pharmaceutical and healthcare and embodied intelligence sectors, which continue to attract strong market interest, Legend Holdings Familiy Group has invested in more than 110 and 40 enterprises respectively, maintaining industry-leading positions in both domains.
AI-Powered Foundation, Industry-Research Synergy Through multi-layered and systematic technological innovations, Legend Holdings continues to actively advance AI empowerment across industries. Centered on the “AI Plus” initiative, it has representative cases in the integration of AI with six key areas: technology, industry, consumption, livelihoods, governance and global cooperation. During the Reporting Period, Lenovo launched its proprietary Super AI Agent matrix, with flagship technology products achieving global leadership. AI PC accounted for more than 30% of Lenovo’s total PC shipments, ranking No.1 worldwide in the Windows AI PC category with a 31% market share. AI servers continued to rank among world leaders with sales tripling year-on-year. The Tianxi Ecosystem for AI terminals, the Wanquan Ecosystem for AI infrastructure, and the Optimus Ecosystem for AI solutions and services have established in-depth collaborations with over 2,000 partners, accelerating the penetration of innovative AI technologies, products, and applications. Legend Holdings subsidiaries, including Levima Advanced Materials, Fullhan Microelectronics, and Lakala, also made efforts to promote the implementation of AI with industry best practices. Fullhan Microelectronics, for instance, made progress upgrading its technologies and iterating upon its products. The company launched ultra-high-pixel array products, low-light full-color cameras based on AI-ISP algorithms, etc. Meanwhile, the Company is committed to building an AI-plus ecosystem. With investments in accumulatively over 270 AI companies, Legend Holdings stands as one of the investment institutions with the most comprehensive system, the largest number of invested companies, and the longest track record in the field, continuously contributing to the sustainable development of China’s AI ecosystem.
Advancing Green Transformation for Enhanced Quality and Efficiency “Ecological preservation and sustainable development” remains a core philosophy consistently upheld by Legend Holdings and thoroughly integrated into its business operations. Lenovo once again received the highest AAA rating in the MSCI ESG Ratings; its ESG solution “Lenovo ESG Navigator” helps customers monitor key ESG metrics of their factories; additionally, the Lenovo (Tianjin) Smart Innovation Service Industrial Park was awarded the “Eco-level Carbon Neutral Factory” certification by CESI Certification. Levima Advanced Materials’s newly launched green industry projects such as ultra-high molecular weight polyethylene lithium-ion battery separator materials, lithium-ion carbonate battery solvents, and PLA entered the production ramp-up phase. Additionally, the EVA, POE photovoltaic adhesive film materials and PPC projects are scheduled to be completed and put into operation in 2025. ZQi Solar’s N-type high-efficiency solar cell project continues to advance in technological improvements and process optimization. TOPCon’s conversion efficiency in mass production has increased to 27.10%, with a yield rate consistently above 97.5%, placing the company among the industry’s first tier.
Going forward, Legend Holdings will further intensify its efforts in driving high-quality development through scientific and technological innovation, forging industrial resilience and optimizing resource allocation. The Company will actively promote the deep integration of AI scientific and technological innovation with industrial innovation and build an enterprise-led synergistic innovation ecosystem of Industry-University-Research-User. With an unwavering commitment to cultivating strategic emerging and future industries, Legend Holdings will continue to contribute significantly to China’s modernization and self-reliance and strength in science and technology.
Shoucheng HoldingsLimited (HKG: 0697) recently announced via the Hong Kong Stock Exchange that it repurchased 17.65 million shares through on-market transactions on July 29, 2025, with a total consideration of HK$32.301 million. The repurchase price ranged from HK$1.80 to HK$1.86 per share. This marks another substantial buyback in the past month, reflecting management’s firm confidence in the company’s intrinsic value and long-term development.
According to data, since July 2025, Shoucheng Holdings has cumulatively repurchased approximately 36.746 million shares, with a total expenditure of HK$66.7313 million. In addition to the July 29 buyback, the company executed another significant repurchase on July 10, acquiring 19.05 million shares for HK$34.3464 million at a price range of HK$1.79–1.80.
Share repurchases are among the strongest signals a listed company can send to the market. In the face of short-term market volatility, Shoucheng has chosen to act decisively, reaffirming its responsibility to shareholders and its long-term value commitment. Management has conveyed a clear message: the company is committed to defending its fundamentals and investor confidence with concrete capital actions.
Management stated: “We remain firmly optimistic about the long-term value of Shoucheng Holdings and are confident in our strategic direction, operational foundation, and future growth. This round of repurchases reflects our duty as a listed company to our shareholders, the market, and the company itself. We will continue to step forward at key moments to stabilize expectations and fulfill our long-term commitments to investors.”
As a leading smart infrastructure asset operator in China, Shoucheng has deeply invested in core business sectors including equity investment, REITs, industrial real estate, and smart parking. It has built a strong asset cycle and cash flow system. In emerging sectors such as robotics and new infrastructure, the company continues to unlock growth potential and industrial synergy.
Industry observers note that in today’s undervalued Hong Kong market, Shoucheng’s large-scale repurchase sends a clear signal: the company is prepared to reward long-term investors through steady performance, solid fundamentals, and disciplined capital management—true to its role as a creator of long-term value.
With strong fundamentals and buybacks reinforcing support, Shoucheng Holdings’ future market performance is worth watching.
Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF]
– A delegation led by Mr John Lee, Chief Executive, HKSAR, visited Qatar as part of a broader high-level overseas visit to Middle East – Delegation comprises over 50 business leaders from Hong Kong,enterprise representatives from seven mainland provinces and cities – 35 MoUs and announcements were facilitated in trade and investment, financial and legal services, and innovation & technology
Doha, Qatar, May 12, 2025 – (ACN Newswire) – A business delegation led by Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and organised by the Hong Kong Trade Development Council (HKTDC) visited Doha and the second largest city in Qatar Lusail on 10-12 May. This visit includes representatives from mainland enterprises for the first time with the aim to support high-quality Belt and Road cooperation.
35 memoranda of understanding (MoUs) and announcements were facilitated in trade and investment promotion, finance, transport and logistics, and innovation and technology, further strengthening collaboration between Hong Kong and the mainland, and facilitating mainland companies to partner with Hong Kong businesses to “go out” and explore opportunities in the Middle East and beyond. They also paved the way for deeper collaboration between Hong Kong, the mainland, Qatar and the broader Middle Eastern market.
The delegation, organised by the Hong Kong Trade Development Council (HKTDC), comprises over 50 business leaders from Hong Kong and enterprise representatives from seven mainland provinces and cities, including Beijing, Shanghai, Guangdong, Zhejiang, Fujian, Jiangsu, and Hubei, covering a range of sectors including finance, professional services, construction and real estate, transport and logistics, green development, innovation and technology (I&T), energy and manufacturing.
The delegation had meetings with business chambers, including Qatari Businessmen Association (QBA) and Qatar Chamber of Commerce and Industry (QCCI), and government bodies, including Qatar Financial Centre (QFC) and Qatar Development Bank (QDB). In these meetings, the delegates explored opportunities to enhance trade and investment and promoted Hong Kong’s advantages and opportunities.
The delegates also conducted a site visit to Lusail City to observe how I&T integrates with urban planning and infrastructure and to explore collaboration opportunities for Hong Kong’s smart city solution providers. As the second largest city in Qatar, Lusail City is becoming one of the country’s flagship smart cities due to its ICT-focused infrastructure facilities, which are under construction and nearing completion.
During the visit to the Qatar Foundation and its subsidiaries, the delegates discussed potential partnerships, technology transfer opportunities, and programmes for supporting tech start-ups with entities such as the Qatar National Research Fund, Qatar Science & Technology Park, and Education City. The visit provided insights into how Hong Kong’s technological advancements might align with Qatar’s strategic focus areas.
Additionally, the delegation visited the National Museum of Qatar to gain a deeper understanding of Qatar’s history and cultural vision.
To foster collaboration, the Hong Kong Economic and Trade Office (HKETO) and Hong Kong Trade Development Council (HKTDC) organised a high-level business luncheon, which was attended by some 300 business leaders and key officials.
At the luncheon on 12 May, Mr Lee remarked: “As both our economies diversify, co-operation becomes our greatest multiplier. Uniting Qatar’s transformative drive, Mainland China’s expertise, and Hong Kong’s connectivity will help us realise a future of diverse, and boundless, opportunities. Let’s work together. Let’s partner for success.”
“To bring Hong Kong and Qatar together, I am pleased to announce that with immediate effect, holders of the Hong Kong SAR passport can enjoy visa-free entry into Qatar, for 30 days at a time. Nationals of Qatar can also visit Hong Kong visa-free. These initiatives will make it that much easier to create partnerships, do business and enjoy life together,”Mr Lee added.
Dr Peter K N Lam, Chairman of the HKTDC, said: “In 2024, Qatar was Hong Kong’s 3rd largest trading partner in the Middle East. This accounted for 6.6% of Hong Kong’s total trade with the region. There is a lot of room for growth.
“Hong Kong is the most international city in the ever-growing Guangdong-Hong Kong-Macao Greater Bay Area. We are also the gateway to the vast Mainland China market. Our proximity to Asian economies and half the world’s population boosts our role as a superconnector and super value-adder linking China with the world. Hong Kong is your access point to Mainland China, the wider Asia region and beyond,” he added.
35 MoUs and announcements were delivered by the government and the following members of the delegation:
1. Federation of Hong Kong Industries (FHKI) and Qatar Chamber of Commerce & Industry (QCCI) 2. Hong Kong General Chamber of Commerce (HKGCC) and Qatar Chamber of Commerce & Industry (QCCI) 3. Hong Kong Tourism Board (HKTB) and Qatar Airways 4. Hong Kong Trade Development Council (HKTDC) and Invest Qatar 5. Hong Kong Trade Development Council (HKTDC) and Qatari Businessmen Association (QBA) 6. Hong Kong Trade Development Council (HKTDC) and Qatar Chamber of Commerce & Industry (QCCI) 7. Hong Kong Trade Development Council (HKTDC) and Qatar Financial Centre (QFC) 8. The Chinese Manufacturers’ Association of Hong Kong (CMA) and Qatari Businessmen Association (QBA) 9. The Hong Kong Associations of Bank and Qatar Chamber of Commerce & Industry (QCCI) 10. The Law Society of Hong Kong and Qatar International Center for Conciliation and Arbitration (QICCA) 11. The Law Society of Hong Kong and Qatar Lawyers Association 12. Financial Services Development Council (FSDC) and Qatar Financial Centre (QFC) (non-delegate) 13. Hang Seng Indexes Company Limited and Qatar Financial Centre (QFC) 14. MTR Corporation Limited and Qatar National Bank 15. Belt and Road General Chamber of Commerce and Luyi Industrial Park 16. Hong Kong Productivity Council and Shanghai Westwell Technology 17. Hong Kong Productivity Council and EHang Intelligent Equipment (Guangzhou) Co., Ltd 18. Bank of China (Hong Kong) and Shanghai Westwell Technology 19. Baoye Group and Luyi Industrial Park 20. Deloitte China and Glodon Technology Co. Ltd 21. Deloitte China and WeBank 22. HSBC and PCI Technology Co., Ltd 23. HSBC and Meetsocial Group 24. Standard Chartered and Fosun International 25. Templewater and WeBank 26. Center International Group Co., Limited and Luyi Industrial Development QFZ 27. Luyi Industrial Park and Qatar Development Bank 28. Goldford Group and WeBank and Klickl Technology L.L.C 29. Development Bureau and Public Works Authority ‘Ashghal’ of Qatar 30. Invest Hong Kong and Qatar Chamber of Commerce & Industry 31. Invest Hong Kong and Qatari Businessmen Association (QBA) 32. Department of Justice and Ministry of Justice of the State of Qatar (Announcement) 33. Hong Kong Customs and Excise Department and Qatar Customs (Announcement) 34. Security Bureau (Announcement) 35. Trade and Industry Department and Ministry of Commerce and Industry of the State of Qatar (Announcement on progress of IPPA’s negotiation)
As the Belt and Road Initiative continues injecting new momentum into regional cooperation, Hong Kong, positioned as a superconnector and super value-adder with the distinctive advantages of enjoying the strong support of the mainland and being closely connected to the world, will continue to serve as a trade hub between the mainland and the Middle East.
In September, the HKSAR Government and HKTDC will host the 10th Belt and Road Summit in Hong Kong at which Qatari companies can exchange valuable insights and find ways to collaborate with other governments and businesses along the Belt and Road.
The Hong Kong delegation’s visit to Qatar is part of a broader high-level overseas visit taking place from 10 to 15 May. This visit aims to strengthen economic and trade ties between Hong Kong, the mainland and the Middle East, building on the success of the Chief Executive’s previous missions to Saudi Arabia and the UAE in 2023.
The business delegation led by Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and organised by the Hong Kong Trade Development Council (HKTDC), comprises over 50 business leaders from Hong Kong and enterprise representatives from seven mainland provinces and cities
35 memoranda of understanding (MoUs) and announcements were facilitated
The delegation visited Lusail City
The delegation visited the National Museum of Qatar
Dr Peter K N Lam, Chairman, Hong Kong Trade Development Council, Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region, and members of the delegation took part in a roundtable meeting with the chairman and key members of the Qatari Businessmen Association (QBA)
Media enquiries
HKTDC’s Communications & Public Affairs Department:
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
Investment platform aims for a first close of $130 million by June 2025
Venturi Partners, a Singapore based leading growth-stage consumer-focused investor in India and Southeast Asia, has announced the launch of its second fund, targeting $225 million, with a hard cap of $250 million. Building on the success of its first fund, the new fund will continue to focus on Venturi’s core strategy of backing consumer brands that are disrupting their sectors and creating innovative products and services tailored for the evolving Asian consumer.
The second fund will target high-growth sectors such as retail, education, healthcare, and fast-moving consumer goods (FMCG), with a continued focus on India and Southeast Asia. Venturi is aiming for a first close by Q2 CY2025, with visibility towards $130 million, backed by continued strong support from existing investors.
In April 2022, Venturi had raised $180 million from prominent families in Europe & Asia. Venturi’s first fund has invested in 7 high-growth consumer companies across various sectors such as education, F&B subscription, beauty & personal care, retail, and home interiors. Its existing portfolio includes Livspace, Country Delight, Believe, Pickup Coffee, DALI, K-12 Techno and JQR.
Nicholas Cator, Founder of Venturi Partners, said: “Our investment philosophy remains unchanged, backing brands that create meaningful change and deliver innovative solutions to consumers. We take an active ownership approach with our portfolio companies, working closely with founders to help unlock growth and scale their businesses. With this second fund, we are excited to continue partnering with ambitious entrepreneurs across the region.”
Venturi’s unique hands-on approach is centred around working closely with management teams to scale operations and create lasting value. The firm’s expertise in identifying and scaling consumer businesses has made it a trusted partner for founders in India and Southeast Asia.
About Venturi Partners
Founded in 2020, Venturi Partners is an Asia-focused investment platform that enables consumer-facing businesses to build disruptive brands in India and Southeast Asia. The firm provides growth funding to consumer-centric, purpose-driven brands, with a focus on retail, education, healthcare and fast-moving consumer goods, that have a shared desire to create a positive impact on the world. Venturi has built a unique investment platform for families wanting to participate in the long-term consumer growth trends in Asia. The platform is built around shared values and long-term partnerships, and aims to bring operational value-add to entrepreneurs building tomorrow’s leading brands in Asia.
What if your offshore investments aren’t delivering the returns you expect. As global enterprises rethink their expansion strategies, SRKay Consulting Group unveils its latest whitepaper, “Offshoring’s ROI Dilemma: Are You Really Gaining from Global Expansion.” This game-changing financial playbook provides organizations with data-driven insights, strategic frameworks, and real-world case studies to maximize profitability, manage risks, and optimize financial planning in offshore markets.
Offshore Investment: A Game-Changer for 2025
In an era where 40% of global enterprises cite financial stability as the most critical factor in selecting offshore partners, businesses must rethink their expansion strategies. India’s projected 6.6% GDP growth rate and increasing foreign direct investments (FDI) signal new opportunities for cost-efficient, innovation-driven offshore strategies.
Key Findings and Insights
1. Strategic Financial Excellence
Break-even analysis, cash flow optimization, and KPIs have become essential tools for offshore financial success.Hybrid offshoring models (onshore oversight + offshore execution) mitigate compliance risks and improve efficiency.
2. Emerging Markets Driving ROI
Vietnam, Mexico, and India have become key offshore destinations, leveraging digital transformation, alternative investments, and geopolitical shifts.Nearshoring in Mexico offers cost-effective supply chain solutions amid shifting US trade policies.
3. Technology-Enabled Offshore Success
AI and automation reduce operational costs by up to 19%, enhancing supply chain efficiency.Blockchain adoption in offshore banking is streamlining international transactions and improving transparency.
4. Mitigating Financial and Regulatory Risks
Regulatory compliance (39%) and currency exchange volatility (28%) were identified as major offshore challenges.Hedging strategies and location diversification are key to mitigating financial uncertainties.
Expert Insights
“Businesses that optimize financial planning, leverage technology, and align with global regulatory shifts will emerge as leaders in offshore expansion. This whitepaper is an essential guide for decision-makers navigating the evolving landscape of global investments.”— Karunjit Kumar Dhir, CEO, SRKay Consulting Group
Industry Case Studies: Lessons from Global Leaders
IBM: Achieved $168M+ in savings through a hybrid offshore model, balancing cost-efficiency and regulatory compliance.Lloyd’s of London: Optimized IT operations by outsourcing while maintaining in-house governance.Walmart & Flipkart: Strengthened e-commerce dominance in India via strategic acquisitions and supply chain optimization.Tesla & Vietnam: Implemented supply chain diversification to reduce manufacturing dependencies.
Outlook: The Next Wave of Offshore Expansion
Expansion of Tier-II & III Cities – Growing hubs like Nagpur, Coimbatore, and Visakhapatnam offer untapped offshore potential.Fintech & AI-Driven Financial Planning – AI and machine learning will redefine offshore budgeting, hedging, and compliance.Sustainability in Offshore Operations – Businesses are prioritizing green infrastructure, ESG-focused financial models, and circular economies.
Download the Whitepaper & Gain a Competitive Edge
Don’t miss out on the insights that will shape the future of offshore financial success! Download the whitepaper todayand position your business for maximum ROI in global markets.
Operating across eight countries, SRKay Consulting Group specializes in strategic offshoring, GCC establishment, and financial compliance solutions. Our expertise in innovation, AI-driven financial planning, and global regulatory strategies empowers businesses to achieve sustainable growth and long-term offshore success.
Venturi Partners, a leading consumer fund in India and Southeast Asia, today announced a $25 million investment in JQR (Just Quick Run), a rapidly emerging brand in the affordable footwear segment. This marks the first venture capital funding for JQR, with Venturi acquiring an undisclosed minority stake.
Founded in 2014, JQR is today, a highly trusted brand in India’s $12 billion mid and economy priced footwear segment. With vertically integrated manufacturing, in-house design capabilities and strong offline distribution, JQR consistently delivers high quality products at affordable price points.
Rishika Chandan, Managing Director of Venturi Partners, commented: “We are very excited to partner with JQR. The footwear industry is seeing strong support from government policies, and we believe there is a significant gap in the price segment that JQR operates in. India’s consumer market continues to have a dearth of high-quality, affordable brands, and our mission at Venturi is to identify and scale such businesses across categories. JQR has impressed us with its product quality, design aesthetic, in-house manufacturing, and well-established distribution network. We look forward to working closely with the founders to accelerate their growth trajectory.”
This funding will allow JQR to further expand its offline presence to new markets as well as launch its online channel, and further enhance its product offerings to meet India’s rising demand for affordable, high-quality sneakers.
The promoter brothers of JQR, Rinku, Sunil and Manish Garg commented: “The partnership with Venturi Partners marks an exciting milestone in JQR’s journey. The investment will not only allow us to accelerate our growth and deliver value to our consumers, but, with their support and expertise, we are also confident that JQR will emerge as the leading brand in its category and deliver strong value to all stakeholders.”
This investment is part of Venturi Partners’ broader strategy to empower audacious brands across sectors such as retail, education, healthcare, fast-moving consumer goods (FMCG) amongst others. Venturi Partners aims to support JQR not just with funding but also with strategic expertise, helping the company scale efficiently while staying true to its core brand identity. Venturi’s existing portfolio includes Livspace, Country Delight, Believe, Pickup Coffee, DALI, and K-12 Techno.
About Venturi Partners:
Founded in 2020, Venturi Partners is an Asia-focused investment platform that enables consumer-facing businesses build disruptive brands in India and Southeast Asia. The firm provides growth funding to consumer-centric, purpose-driven brands, with a focus on retail, education, healthcare, and fast-moving consumer goods, that have a shared desire to create a positive impact on the world. Venturi has built a unique investment platform for families wanting to participate in the long-term consumer growth trends in Asia. The platform is built around shared values and long-term partnerships, and aims to bring operational value-add to entrepreneurs building tomorrow’s leading brands in Asia.
Founded in 2013, JQR Sports Shoes is a symbol of quality footwear in India. Known as the “People’s Brand,” the company has dedicated themselves to serving every Indian with shoes that redefine comfort, style, and durability. In 2015, the brand launched India’s first fluorescent shoes. Over the years, JQR’s unwavering commitment to innovation has made the firm a leader in the footwear industry.
W Capital Markets Pte Ltd (“W Capital Markets” or the “Company”), a dynamic corporate finance firm with a Capital Markets Services (“CMS”) licence issued by the Monetary Authority of Singapore and an accredited SGX Mainboard IPO issue manager and Catalist Continuing Sponsor authorised by the Singapore Exchange (“SGX-ST”), has completed its Series B fundraising round in December 2024 with the strong support of several esteemed investors.
The Company founded in July 2018 by veteran M&A investment banker, Mr Wayne Lee, has completed more than 50 notable capital market transactions since its inception, ranging from S$50 million to S$3.0 billion.
Helmed by a team of reputable and highly experienced M&A and IPO investment bankers, W Capital Markets’ Board of Directors includes Mr Wayne Lee, Mr Sin Boon Ann, Mr Tan Wang Cheow and representatives from the Nanshan Group (a Chinese conglomerate which is ranked among the top 200 enterprises in China), namely Mdm Chen Aijun and Mr Sui Xinpeng. Also, Mr. Inderbethal Singh Thakral, CEO and Executive Director of SGX Mainboard listed Thakral Corporation Ltd, is a Board Observer of W Capital Markets.
The vision of W Capital Markets is to be an international financial group with presence in key financial centres and be recognized as a premier corporate finance powerhouse in the Asia Pacific region.
“We are delighted and honoured to receive such strong support from the esteemed and well-regarded investors who joined us as shareholders in this Series B round, which include several existing seed shareholders, a billionaire single-family office, listed companies and well-respected business owners. With our expansion into new business segment in advising companies to list on the NASDAQ Capital Market and significant increase in M&A activities and deal completions in 2025, coupled with our advisory business for SGX-listed companies, the successful completion of this Series B round will pave the way forward for W Capital Markets to continue to grow its investment banking business and soar to greater heights as one of the top corporate finance firms in Singapore.” said Mr Wayne Lee, Founding Chairman and CEO of W Capital Markets.
About W Capital Markets
W Capital Markets is a holder of the Capital Markets Services licence issued by the Monetary Authority of Singapore to conduct the regulated activities of “Advising on Corporate Finance” and “Dealing in Capital Market Products that are Securities and units in a Collective Investment Scheme” and is an accredited Mainboard IPO Issue Manager and Catalist Continuing Sponsor authorised by the SGX-ST. It provides a full suite of bespoke investment banking services, including M&As, NASDAQ IPOs, Pre-IPO & Secondary Fund Raising, Continuing Sponsorship and Financial Advisory with a focus on mid-cap companies (S$50 million to S$1 billion enterprise value) in the Asia Pacific region.
W Capital Private Equity VCC (“WPE”), as an associate of W Capital Markets, value-adds strategically to W Capital Markets by investing into promising small-medium enterprises from Series B to Pre-IPO stage in Singapore.
In 2022, Mr Wayne Lee won the prestigious EYA Entrepreneur of the Year – New Entrepreneur Category.
