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AXA, Ant Bank (Hong Kong) and AlipayHK Forge Strategic Partnership

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Jointly expanding convenient and diverse online financial management options

HONG KONG, April 9, 2025 /PRNewswire/ — AXA Hong Kong and Macau (“AXA”) announces a strategic partnership with Ant Bank (Hong Kong) (“Ant Bank”) and AlipayHK to provide a suite of insurance products and services to millions of active AlipayHK users through Ant Bank and its Mini App in the AlipayHK App. This offering includes solutions for savings, health protection, and wealth accumulation. The partnership aims to address the diverse needs of customers in wealth management and protection, supporting them in achieving their financial goals.

This partnership will utilise AXA’s expertise and extensive insurance portfolio, along with Ant Bank and AlipayHK’s “E-wallet X Digital Bank” model, to deliver embedded insurance products and services powered by advanced technology. It aims to provide a broader range of customers with all-round wealth management products and services, while ensuring a simpler, smoother, and more secure insurance application experience. In the first phase, AXA’s flagship life and savings products, including the popular “FortuneXtra Savings Plan”, “Wealth Ultra Savings Plan”, “Max Wealth Insurance Plan”, and “Max Goal Insurance Plan”, will be introduced on Ant Bank and its Mini App in the AlipayHK App, offering all-round wealth management and protection plans to a wide range of users. AXA will gradually integrate additional insurance product categories, further deepening the collaboration among the three parties as well as providing more comprehensive products and services for individuals and businesses within the year, fully addressing their protection needs.

Ant Bank is a subsidiary of Ant International that provides financial products and services, including funds and wealth management, insurance products and services. AlipayHK is a Super App that serves over 4.2 million residents in Hong Kong. Supported by Ant International’s Alipay+ Wallet Tech, AlipayHK has partnered with Ant Bank to develop Open Banking, and has taken the lead to launch innovative services and products such as Ant Bank PayLater and “eM+” — a high-interest savings account and low-threshold fund purchasing, offering users a new financial services experience.

Sally Wan, Chief Executive Officer, AXA Greater China, said, “AXA has consistently been proactive in developing diverse distribution channels and expanding our customer base, striving to provide comprehensive and diversified wealth management and protection solutions to a broader range of customers. We are honoured to become a strategic partner of Ant Bank and AlipayHK, leveraging synergies to create new opportunities and achieve multiple benefits for all parties. We look forward to further deepening the integration of our services with Ant Bank and AlipayHK, strengthening the insurance ecosystem, and jointly expanding our long-term business and customer network.”

Yvonne Leung, Chief Executive, Ant Bank (Hong Kong), said, “As a leading digital bank in Hong Kong, we are committed to driving innovation in financial services through technology. This collaboration builds on our successful partnership with AlipayHK in areas such as payments, interest-earning balances, Buy Now Pay Later, and funds, among others, while further integrating AXA’s insurance services into the digital ecosystem.”

Venetia Lee, Chief Executive Officer, AlipayHK, said, “AlipayHK serves every aspect of Hong Kong people’s lives, and it has become a trend for Hong Kong people to access financial services through the Super App. Financial institutions can leverage the platform technology provided by AlipayHK to deliver new experiences to users, making wealth management and insurance services more user-friendly and simpler. We focus on ‘Tech’ to empower financial institutions in excelling at ‘Fin’. AlipayHK and Ant International look forward to continuing our collaboration with AXA and banking partners to explore the new ecosystem of embedded insurance, driving the inclusive progress of financial services in Hong Kong and Asia.”

AXA is one of the most diversified insurers in Hong Kong which offers integrated solutions across Life, Health and General Insurance and is the largest General Insurance provider and a major Health and Employee Benefits provider. Through this collaboration, we believe that the three parties, leveraging an advanced financial technology platform, will integrate insurance products into the digital ecosystem, marking a milestone in exploring new avenues for growth.

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 50 markets and serving 95 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles – as an investor, an insurer and an exemplary company.

About Ant Bank (Hong Kong)

Ant Bank (Hong Kong) Limited is a wholly-owned subsidiary of Ant International.  On 9 May 2019, Ant Bank (Hong Kong) received a banking licence from the Hong Kong Monetary Authority, and it officially opened on 28 September 2020. It aims to provide local individuals and SMEs with reliable, trustworthy, transparent and inclusive banking services through fin-tech innovation. For more information, please visit https://www.antbank.hk.

Ant Bank (Hong Kong) Limited is a licensed insurance agency authorized by the Insurance Authority of Hong Kong, with the licensed insurance agency number GA1061.

About AlipayHK

The AlipayHK electronic wallet is operated by Alipay Financial Services (HK) Limited (Stored Value Facility Licence number: SVF0004) and regulated by the Hong Kong Monetary Authority. Currently, over 150,000 local retail outlets support AlipayHK electronic wallet for payments, covering large chain stores, shops, convenience stores, supermarkets, markets, and restaurants. Additionally, AlipayHK electronic wallet payment service also supports multiple overseas countries, including Chinese Mainland, Japan, South Korea, Thailand, Singapore, and Malaysia. For more details, please visit: http://www.alipayhk.com.

Apart from payment services, AlipayHK also serves as a comprehensive digital lifestyle platform, offering Hong Kong users a wide range of lifestyle, leisure, and convenience services. Features include transportation, financial management, cross-border payments, P2P transfers, blockchain remittances, bill payments, purchasing insurance products offered by third parties, and receiving electronic vouchers. This allows Hong Kong citizens to enjoy the convenience brought by this revolutionary multifunctional electronic wallet.

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE: AXA.COM.HK

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – “Risk factors and risk management” of AXA’s Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.

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SOURCE AXA Hong Kong and Macau

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BlueFocus Hits RMB 60 Billion in 2024 Revenue, with AI-Powered Growth Surging Tenfold

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BEIJING, April 28, 2025 /PRNewswire/ — On the evening of April 24, BlueFocus released its 2024 annual report, posting full-year revenue of RMB 60.797 billion, up 15.55% year-on-year. It is now the first marketing company in China to surpass RMB 60 billion in annual revenue.

Amid technology transformation and global expansion, the company recorded a positive inflection in operating gross margin, supported in part by significant growth in AI-driven business.

“BlueFocus has entered what is arguably the most strategically focused and decisive era in its history,” said Fei Pan, CEO of BlueFocus. “We are committed to transforming into a true AI-powered marketing technology company, tapping into the trillion-RMB-scale opportunities emerging from the restructuring of both China’s marketing industry and the global outbound market.”

Since 2023, the company has fully committed to an “All in AI” strategy, developing its proprietary industry model, BlueAI, now powering over 95% of operational workflows. Efficiency gains across integrated marketing, intelligent advertising, and global outbound business have improved by 60% to 1000%. In 2024, AI-driven revenue reached RMB 1.2 billion, surging more than tenfold year-on-year.

Looking ahead, BlueFocus anticipates AI-driven revenue to reach RMB 3–5 billion in 2025 and surpass RMB 10 billion longer-term. Fei Pan noted, “Reaching this milestone will be measured by three benchmarks: high gross margins, high AI integration intensity, and the creation of revenue models enabled by AI. Ultimately, 70% to 80% of BlueFocus’s revenue must be reinvented through AI, transforming into high-quality revenue streams.”

Meanwhile, BlueFocus’s Globalization 2.0 strategy is advancing at pace. In 2024, overseas advertising revenue reached RMB 48.333 billion, representing a 29.36% year-on-year increase and accounting for nearly 80% of total revenue. Advertising revenue generated through strategic partners including Meta, Google, and TikTok for Business continued to deliver double-digit growth.

BlueFocus is also accelerating the expansion of its localized network, having established offices in the United States, Singapore, Japan, the Netherlands, Vietnam, Thailand, Canada, Saudi Arabia, and Brazil. It plans to open an additional three to five branches across Southeast Asia, Europe, and South America.

Powered by the synergy between its AI strategy and Globalization 2.0 initiatives, BlueFocus is poised to redefine marketing valuation standards. Its ambition is to evolve into a marketing technology leader rooted in technological innovation and driven by a bold global vision, ultimately becoming a defining Chinese example in the evolution of the global marketing landscape.

 

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SOURCE BlueFocus

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James E. Malackowski Recognized with the Highest Honor in Intellectual Property Licensing

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The Licensing Executives Society International presents a Gold Medal to Ocean Tomo Co-founder James E. Malackowski.

SINGAPORE and JERICHO, N.Y., April 28, 2025 /PRNewswire/ — J.S. Held announces that the Licensing Executives Society International (LES) has recognized intellectual property expert James E. Malackowski with its highest honor in the business of intellectual property – the LES Gold Medal. Mr. Malackowski was presented with the LES Gold Medal for his exceptional contribution to LESI and the licensing profession during the 2025 LES International Annual Conference in Singapore. He is only the 31st recipient of the LES Gold Medal, first awarded in 1971.

Notably, Mr. Malackowski joins only six others who have received the LES Gold Medal and inclusion in the IP Hall of Fame, a combination generally regarded as the ultimate recognition in the IP services industry. Mr. Malackowski was inducted as the 87th member of the IP Hall of Fame in 2022. 

Others who have been similarly recognized with both such awards are Dudley B. Smith who was instrumental in forming the Licensing Executives Society; Heinz Goddar who is widely regarded as a global IP luminary dedicating his career to advancing the understanding of IP across academia, research, governmental, and commercial enterprises; Thierry Sueur who helped shape IP policy in his role at the International Chamber of Commerce as well as his work as chairman of the IP Committee of the French business federation MEDEF and vice chairman of the board of the French Patent Office; Francis Gurry as the former Director General of the World Intellectual Property Organization (WIPO); Randall R. Rader as former Chief Judge of the United States Court of Appeals for the Federal Circuit; and, Hon. Pauline Newman who was appointed to the United States Court of Appeals for the Federal Circuit in 1984. 

Mr. Malackowski’s latest award follows annual recognition since 2007 by leading industry publications. He has been included as one of the ‘World’s Leading IP Strategists’; listed among “50 Under 45” by IP Law & Business™; included in the National Law Journal’s inaugural list of 50 Intellectual Property Trailblazers & Pioneers; named as one of “The Most Influential People in IP” by Managing Intellectual Property™; selected as 1 of 50 individuals, companies, and institutions that framed the first 50 issues of IAM Magazine; and noted as 1 of 60 leading global Economics Expert Witnesses by the same publication. In 2011, Mr. Malackowski was selected by the World Economic Forum as one of less than twenty members of the Network of Global Agenda Councils to focus on questions of IP policy. In 2013, he was inducted into the Chicago Area Entrepreneurship Hall of Fame by the Institute for Entrepreneurial Studies at the University of Illinois at Chicago College of Business Administration.

Mr. Malackowski is widely known for his work to develop a more efficient and transparent market for IP rights, including oversight for the Ocean Tomo 300® Patent Index, the first large-scale public auction for patents, the framework for the Intellectual Property Exchange International, and the current online market for patent sales—OceanTomoBidAsk.com. Mr. Malackowski has led the publication of the Ocean Tomo Intangible Asset Market Value® study for more than twenty years documenting the transition of global markets from tangible assets to intangible assets driven. Malackowski’s firm continues to update this study, which has been downloaded and cited by third parties on more than 150,000 occasions.

Mr. Malackowski has focused his not-for-profit efforts with organizations leveraging science and innovation to benefit children and students, including those in less developed countries. He served for more than twenty years as a Trustee or Director of the National Inventors Hall of Fame, Inc., an organization providing summer enrichment programs for more than 100,000 students annually. For more than ten years, Mr. Malackowski served as a Director of Chicago’s Stanley Manne Children’s Research Institute, advancing the organization’s agenda to measure and report the impact of its pediatric research.

Mr. Malackowski is a frequent speaker on emerging technology markets and related financial measures. He has addressed mass media audiences, including Bloomberg Morning Call, Bloomberg Evening Market Pulse, Bloomberg Final Word, CNBC Closing Bell, CNBC On the Money, CNBC Street Signs, CNBC World Wide Exchange, CBS News Radio, and Fox Business National Television, as well as other recognized news-based internet video channels.

As an inventor, Mr. Malackowski has twenty issued U.S. patents. He is a frequent instructor for graduate studies on IP management and markets and a Summa Cum Laude graduate of the University of Notre Dame, majoring in accountancy and philosophy. He is a Certified Licensing Professional and a Registered Certified Public Accountant in the State of Illinois.

About Ocean Tomo

Ocean Tomo provides Expert Opinion, Management Consulting, Advisory, and Specialty Technical Services focused on matters involving intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 84% of the Global 200 Law Firms, 75% of the Forbes Top 20 Insurance Companies (90% of the NAIC top 50 Property & Casualty Insurers), and 71% of the Fortune 100 Companies.

Verdantix, in their Green Quadrant: Enterprise Risk Management Consulting Services (2025) report, benchmarks 15 of the most prominent enterprise risk management (ERM) advisors, identifying global consulting firm J.S. Held among the leading companies based on capabilities and momentum.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC, or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com

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Singaporean lithium-ion battery maker Durapower plans for U.S. manufacturing presence as part of global expansion

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Seeking collaboration partners to establish a manufacturing facility in U.S. for its lithium-ion battery solutionsParticipating in Advanced Clean Transportation Expo (“ACT Expo”) event from 28 April to 1 May 2025 in Anaheim, California to showcase battery solutions for the North American market

SINGAPORE, April 27, 2025 /PRNewswire/ — Singaporean lithium-ion battery cell and pack manufacturer, Durapower Technology (Singapore) Private Limited (“Durapower” or the “Company”) is exploring to setup a local manufacturing facility in the U.S, as part of its global expansion plans.

The Company is currently looking for potential joint venture partners for its U.S. manufacturing facility and hopes to initiate discussions at the Advanced Clean Transportation Expo (“ACT Expo”) event in Anaheim, California from 28 April 2025 to 1 May 2025, where it will showcase its wide range of battery technologies and solutions for the North American market. Additionally, Mr. Sanjay Bakshi, Durapower’s Group Director and Head of the North America market, will be attending the Select USA Investment Summit in Washington, D.C. from 11 – 14 May 2025.

Mr. Kelvin Lim, Chief Executive Officer of Durapower Group commented, “With our strong expertise in battery technology and rich portfolio of products and services, we believe that now is the right time to start planning our foray into the U.S market. The U.S. market is an important market that may present abundant opportunities for our future growth plan, and we look forward to exploring local partnerships in the U.S. and expanding Durapower’s global manufacturing footprint and product presence.”

Durapower is a Singaporean battery cell developer and manufacturer of lithium-based energy storage solutions with more than 15 years of track record in the automotive, ESS and marine industry. With its presence across 25 countries in Europe and Asia, Durapower’s high quality and performance battery solutions have been deployed in hundreds of vehicles, vessels and energy storage systems worldwide. It has multiple manufacturing bases around the world and boasts a strong safety track record to date with more than 1 billion electric kilometers driven.

Durapower develops battery technology research, owns proprietary manufacturing knowhow, and has also established international collaborations to support the development of scalable and sustainable batteries for the circular economy. The Company’s battery solutions enable critical applications with high performance, long life and safe operation, and serve the following four major market segments:

E-mobility – Focused on last mile delivery fleets to commercial vehicles like buses and trucksSpecialty – Industrial, port electrification and heavy vehicles to Automated Guided Vehicles (“AGV”)Marine –All types and sizes of maritime vessels, including modular batteries for retrofitting of diesel vessels to electricStationary – Energy Storage Systems (“ESS”)

In addition to its constant R&D into battery technology, Durapower’s cutting-edge technological innovations include DP Pulse, a remote battery monitoring digital solution which combines revolutionary machine learning models with big data to further enhance customer use cases by improving battery health visibility and supporting predictive maintenance, thus enabling a higher uptime and peace of mind.

About Durapower Group             (www.durapowergroup.com)

Headquartered in Singapore, Durapower offers closed-loop, end-to-end energy storage solutions for the electric mobility and renewable energy applications including on and off-road Electric, Hybrid and Plug-in Hybrid Electric Vehicles, electric marine vessel and stationary energy storage solutions. Since 2009, Durapower has been a leading innovator of Lithium-Ion cell technology, focusing on the research and development of battery materials, battery cell manufacturing and system integration.

With a global presence spanning 25 countries and 70 cities, including European countries, China, India and Southeast Asia. Durapower Group strives to make scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future towards a carbon neutral economy.

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SOURCE Durapower Group

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