FEATURED NEWS
- October 31, 2026Business
Grab Announces Updates To Its Board of Directors
Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), today announced an update to its board of directors (the “Board”). Effective October 31, 2026, John Rogers will retire from the Board and its Audit Committee after serving a five-year term of office, and will serve as an advisor to ensure a smooth transition. Effective December 1, 2026, Sean Sullivan, Executive Vice President and Chief Financial Officer of Acushnet Holdings Corp. (NYSE: GOLF), will join the Board and serve on its Audit Committee. “On behalf of the Board of Directors and our management team, I want to thank John for his dedicated service and invaluable contributions to Grab as an independent director and Chair of our Audit Committee,” said Anthony Tan, Group CEO and Co-founder of Grab. “During his tenure, John’s strategic guidance has been instrumental to our continued growth. We are grateful for his leadership and wish him the very best in his future endeavors. At the same time, we are delighted to welcome Sean to the Board and to the Audit Committee. Sean is a highly accomplished executive, bringing decades of deep financial and operational expertise from his tenure as Chief Financial Officer at prominent global consumer and media companies. His financial leadership and prior public company board experience will be a tremendous asset to Grab as we execute on our strategic priorities and continue to scale our business.” Sean Sullivan has served as Executive Vice President and Chief Financial Officer of Acushnet Holdings Corp. (“Acushnet”) since June 2023. Before joining Acushnet, Mr. Sullivan served as Executive Vice President and Chief Financial Officer of SiriusXM Holdings, Inc., from 2020 to 2023. Prior to that, Mr. Sullivan served as Executive Vice President and Chief Financial Officer of AMC Networks, Inc. from 2011 to 2020, Chief Corporate Officer of RMH from 2010 to 2011, and Chief Financial Officer of HiT Entertainment from 2009 to 2010. From October 2016 to June 2023, Mr. Sullivan served as a member of Acushnet’s board of directors and the Chairman of its audit committee. Mr. Sullivan holds an M.B.A. from Columbia Business School and a B.B.A. in Accounting from the University of Notre Dame. About Grab Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 900 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people every day to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. We operate supermarkets in Malaysia under Jaya Grocer and Everrise, which enables us to bring the convenience of on-demand grocery delivery to more consumers in the country. As part of our financial services offerings, we also provide digital banking services through GXS Bank in Singapore, GXBank in Malaysia and Superbank in Indonesia. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint. We use our website as a means of disclosing material information about our company. Such disclosures will be included on our website in the “Investor Relations'' section or at investors.grab.com. Accordingly, investors should monitor such sections of our website, in addition to following our press releases, SEC filings, and public conference calls and webcasts. Information contained on, or that can be accessed through, our website does not constitute a part of this document and is not incorporated by reference herein. Forward-Looking Statements This document contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document, including but not limited to, statements about Grab’s goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of Grab, and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “annualized,” “annualized run-rate,” “on track” or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Grab’s ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic conditions, in particular as a result of currency exchange fluctuations and inflation; expected growth of markets in which Grab operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under “Item 3. Key Information – D. Risk Factors” and in other sections of Grab’s annual report on Form 20-F for the year ended December 31, 2025, as well as in other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the “SEC”). Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law. For more information, visit www.grab.com. For enquiries, please contact: Investors: [email protected] Media: [email protected]
- October 30, 2026Technology
Opensignal analysis reveals Holafly's network improvements deliver faster worldwide connections for travellers
What lower latency means for travellers: Latest Opensignal analysis reveals how Holafly’s network improvements deliver faster connections worldwide A traveller in Thailand opens a map to find their hotel, but the request their phone sends may travel thousands of kilometres before reaching the internet, adding unnecessary delays to a journey that happens in milliseconds and affecting how quickly the map loads or responds. This is an invisible part of mobile internet performance, but one that can make a difference to the experience of travelling abroad. Holafly has been working to shorten that journey through improvements to its network infrastructure. These efforts are now reflected in independent research by Opensignal, which reports a 29-millisecond reduction in median round-trip latency across 19 markets. In practical terms, this means less time waiting for data to travel between a device and the services it accesses, helping applications respond more quickly, whether travellers are checking directions, accessing bookings or making video calls. To achieve this, Holafly introduced regional internet breakout points in Madrid, Dallas and Singapore, allowing customers' data to reach the internet closer to where they are travelling instead of passing through distant network hubs. Think of it as taking a more direct route to the same destination: the less distance the data needs to cover, the sooner a response can arrive. This progress follows an earlier examination of travel eSIM performance by Ookla , which highlighted differences between providers that travellers would not necessarily notice when comparing plans. For Holafly, independent research does more than measure performance: it helps identify where the experience can be improved. The company has continued investing in its network infrastructure, and the latest Opensignal findings provide evidence of that progress. When we talk about fast mobile internet, download speed is often the first thing that comes to mind, but it is only part of what makes a connection feel fast. Latency also plays an important role: while download speed determines how quickly data can be transferred, latency measures how long it takes for a request to receive a response. A connection can offer fast downloads but still feel slow if data takes too long to travel back and forth, which explains why two eSIMs using the same network may deliver different response times. "At Holafly, we're obsessed with quality because peace of mind starts with knowing that your internet will work when you need it. Our commitment goes beyond providing coverage in more destinations: we want to deliver the best possible experience wherever our customers travel. That means continuously measuring, questioning and improving the technology behind our service, so travellers can focus on their journeys knowing we're taking care of the rest," said Chris Hills, VP of Carriers at Holafly . Key findings from Opensignal's analysis 29 milliseconds less latency: reduction in median round-trip latency across the 19 markets analysed. Three regional internet breakout points: Madrid, Dallas and Singapore, designed to shorten the routes mobile data takes before reaching the internet. More responsive mobile internet: Shorter data routes can reduce delays when accessing maps, websites, video calls and other services, without requiring changes to devices or settings. Findings and methodology are available in Opensignal's independent analysis .
- October 30, 2026Finance & Loan
4,046 Students Build Real-World AI Skills Through Outamation and Extern
As employers look for AI-ready talent, two hands-on externships give the next generation experience applying AI to real business problems before they enter the workforce. DALLAS, Oct. 13, 2026 – More than 4,000 students have gained hands-on experience building artificial intelligence tools through two externship programs created by Outamation, a mortgage operations technology company, in partnership with Extern, a platform that connects students with real-world work experience. The programs set out to close the gap between learning about AI and actually using it on the job. Instead of studying AI in theory, students applied it to sample mortgage documents created for training, built working tools and delivered their findings directly to Outamation, the same way a professional technology team does. Outamation and Extern built the programs together. Students worked on curriculum created by Outamation’s mortgage domain experts and AI engineers. Nirmal Patel, Outamation’s Chief AI Officer, led program design for Outamation, with leadership and support from Devang Kamdar, Co-Founder and Chief Technology Officer. Mike Eng, Head of Partnerships, led the effort for Extern. Program highlights include: Two levels of learning: a seven-week Foundational externship introducing AI, natural language processing and computer vision, and a five-week Advanced program where students fine-tuned their own AI models and built multi-step AI agents to automate document workflows. Real business problems: using sample files, students trained AI to recognize common mortgage document types and wrote Python code to pull out key information automatically. In-demand AI tools: externs built AI systems that answer questions about documents and tested open-source AI models, skills that apply across finance, real estate and other industries. Work that counts: students compared AI models on accuracy, cost and ease of use, and Advanced participants presented their recommendations to Outamation stakeholders. Open access at scale: students from 934 schools and 59 countries took part, regardless of location or background. “Every student today will build a career alongside AI. The question is whether they learn it by doing real work or by watching from the sidelines,” said Lisa Guadagno, Chief People Officer of Outamation. “More than 4,000 students chose to do the work. Our job as employers is to give the next generation the tools and the opportunity to succeed.” “AI skills on their own are not enough. Students learn the most when they solve real business problems with people who know the industry and people who know the technology,” said Sapan Bafna, Founder & CEO of Outamation. “Our mortgage experts and AI engineers designed this curriculum together. Students learned to use AI the way it is used on the job.” “Most companies stay out of this because they picture a program they would have to build and staff. Taking that burden on is what Extern is for. Outamation handed students a real problem and got independent evaluations of the open-source AI models their own team is weighing in return. Having to make a recommendation and defend it to the people who will act on it is the part no course can simulate,” said Matt Wilkerson, CEO at Extern. Building on these results, Outamation and Extern will work together on a new program built to evolve alongside advances in AI, so students continue learning the skills employers will need next. Students interested in future programs can learn more at www.extern.com . About Outamation Outamation is a mortgage operations technology company that uses AI across its automation toolkit. Its Outamate product suite automates document generation, client communications, loss mitigation, lien release, quality control and document AI for lenders and servicers. Outamation was the first U.S. mortgage technology company to achieve ISO/IEC 42001 certification and also holds ISO 27001 and SOC 2 Type II. The company debuted on the Inc. 5000 at No. 133. Outamation has more than 250 team members across Dallas, Miami and India. Learn more at outamation.com . About Extern Backed by Y Combinator, Foundation Capital and Eric Ries, Extern hosts remote, part-time projects so students can build experience and get dedicated mentorship for entry-level roles. 90,000 students from more than 150 countries have participated in externships with companies like TikTok, Amazon and Pfizer. 74% of externs have landed a job or internship within 12 months of completing their project. Learn more at extern.com . Media Contacts Outamation: Alyson Austin, Gaffney Austin, LLC, [email protected] , (949) 403-0484 Extern: Carlinda Lee, Marketing at Extern, [email protected] , (778) 863-6397 ###
- October 30, 2026Business
When Giant Pandas Meet Athens: “Charming Beijing” Documentary Showcase Launches in Greece
The launch ceremony for the “Charming Beijing” documentary showcase was held in Athens on October 27 local time. The event was hosted by the Information Office of the Beijing Municipal People's Government and organized by Beijing Radio and Television (Beijing Time), under the guidance of the Chinese Embassy in Greece. The event featured documentary screenings, a presentation of the Beijing Culture Forum, media cooperation initiatives, and a city-center pop-up event, bringing Beijing’s rich history and modern vitality to Greek audiences. Du Yue, Deputy Director of the Publicity Department of the CPC Beijing Municipal Committee; Zhang Gang, Minister-Counselor at the Chinese Embassy in Greece; and Ioannis Theofanopoulos, President of the Greece-China Association, attended the event. Zhang noted that documentaries serve as an important medium for transcending language barriers and promoting mutual learning among civilizations. He welcomed more Greek visitors to Beijing. Du introduced the Beijing Culture Forum and invited Greek cultural institutions, scholars, and media representatives to participate in exchanges. At the event, it was announced that “The Panda Adventure,” a documentary produced by Beijing Radio and Television Station (BRTV), would be broadcast in Greece on the Hellenic Broadcasting Corporation (ERT) and MEGA TV. Following giant pandas from birth through growth and eventual release into the wild, the documentary tells a heartwarming story of China’s efforts to protect wildlife and the natural environment. Alexandros Romanos Lizardos, a veteran media professional with ERT, noted that authentic stories can transcend language barriers and bring people closer together. The documentary showcase also marked a new step in media cooperation between China and Greece. BRTV and ERT expressed their intention to establish long-term cooperation in audiovisual content exchange. Representatives from both sides jointly unfurled a sail to officially launch the showcase. Greek runner Idomeneas Avramakis appeared in the armor of an ancient Greek hoplite, shared his experiences of running marathons in China, and invited the audience to join the pop-up event that afternoon. That afternoon, Monastiraki Square was transformed into an open-air showcase of Beijing culture. Visitors explored cultural and creative products from Beijing, Winter Olympics souvenirs, products from time-honored Chinese brands, and smart technology innovations. Hands-on activities featuring traditional crafts, including enameling cloisonne ware, painting clay figurines, and making rubbings of auspicious motifs, drew enthusiastic participation. From giant pandas on screen to traditional crafts that visitors could experience firsthand, Beijing’s stories came to life on the streets of Athens.
- October 30, 2026Business
Blue book launched at Marine Economy Expo
The Blue Book of China's Marine Economy was released on Oct 22, the opening day of the 2026 China Marine Economy Expo in Shenzhen, Guangdong province. Government officials, marine industry representatives and scholars from universities and research institutes attended the launch ceremony. Ding Lili, editor-in-chief of the book and director of the teaching affairs office at the Ocean University of China, presented the publication, outlining its background and key highlights of this edition. It marks the sixth release in the series, which was launched in 2021. Each year, OUC and the National Marine Data and Information Service examine key issues and frontier trends of China's marine economy and provide an assessment. Wang Lei, deputy editor-in-chief of the book and deputy head of the OUC School of Economics, said the new volume contains 320,000 Chinese characters. Its four sections are a general report, industry analysis, regional analysis and thematic research. Each section can be read independently, he noted, while collectively forming a relatively complete analytical framework for China's marine economy. The general report reviews the marine economic landscape of 2025 from four perspectives: external environment, development features, current challenges and future trends. China's gross ocean product exceeded 11 trillion yuan ($1.6 trillion) in 2025, up 5.5 percent year-on-year and accounting for 7.9 percent of the country's GDP. The report identifies several notable shifts, including a growing role for technological innovation, accelerated digital and intelligent integration across marine industries, and an expanding "blue circle of friends" — China's network of maritime partners. Overall, the marine sector is growing in scale while advancing toward higher quality and greater efficiency. Government representatives at the launch said the blue book tracks both the current stage of marine development and future priorities, providing a practical reference for authorities to assess the situation, identify problems and refine policy. Industry representatives welcomed the book for outlining the landscape of eight major marine industries and capturing real-time changes in business conditions. Its chapters on frontier topics — artificial intelligence-enabled marine development, marine applications of the low-altitude economy, investment and financing for deep-sea mining, and high-end shipping services — help companies break down information barriers and clarify pathways to match technologies with market demands. For scholars and researchers, its value lies in detailed data, well-grounded arguments, and insights into deeper issues in marine development. Cross-disciplinary topics offer researchers abundant material to align theoretical studies with national strategic needs, as well as a benchmark for exploring tough questions concerning high-quality marine development amid China's modernization drive. Sustaining this annual publication is far from routine repetition. As one of the two compiling institutions, OUC draws on its profound legacy in marine research, enabling the report to refresh its perspectives year after year. Headquartered in Qingdao and founded in 1924, the university is a cradle of China's marine and fisheries disciplines. Underpinning its research capacity is a full suite of offshore research infrastructure: three research and training vessels operate year-round, carrying out observations spanning coastal and nearshore waters to the deep ocean and polar regions. Over its century-long journey, the university has nurtured over 380,000 graduates, among whom are 17 academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering specializing in marine fields, and four who have served as directors of the State Oceanic Administration. Its development goals are clear: OUC aims to develop into a world-class comprehensive ocean university by 2030, and a world-class university with distinctive strengths by the mid-21st century. Ding Lili introduces the Blue Book of China's Marine Economy during the 2026 China Marine Economy Expo. CHINA DAILY
- October 30, 2026Business
“Empowering a Sustainable Future” Summit successfully concludes in Hong Kong, convening energy leaders from 70 countries and regions to jointly explore a sustainable energy future
The “Empowering a Sustainable Future” Summit, co-hosted by The Hong Kong and China Gas Company Limited (Towngas) and the International Gas Union (IGU), was successfully held today. Approximately 500 energy enterprise representatives, governmental officials, and scholars from around 70 countries and regions attended the Summit, discussing topics covering energy security, the green and low-carbon transition, and green finance. Over 1,000 people participated in the Summit both online and offline. IGU is the world’s most influential and authoritative international non-profit membership organisation of the global Gas industry, with members accounting for over 90% of the global Gas market. Amid a backdrop of geopolitical risks and energy price volatility, advancing the green transition while ensuring a stable and secure energy supply remains a shared challenge for the international energy industry. Mr Tse Chin-wan, Secretary for Environment and Ecology, said in his keynote speech at the opening: “The HKSAR Government has formulated its first Five-Year Plan, which is our comprehensive roadmap for the future. Hong Kong is establishing green and low-carbon hydrogen standards and certification systems that align with both the Chinese mainland and international norms. We are also working on greening our port and developing sustainable aviation fuel, and are determined to bring the city through the green transformation.” Mr Andrea Stegher, President of the IGU, also echoed the core value of Gas in global development in his welcoming speech: “Sustainability, in the industry we represent, the Gas industry, means a fundamental role in sustaining and empowering human progress and global growth, as Gas is essential as an energy source, but also as a fundamental feedstock for fertilisers and for medicines, which are the two pillars of our civilisation today.” Therefore, in these complex times, it is crucial to reflect on what sustainability really means. Speaking of the future paths of energy evolution, Mr Peter Wong Wai-yee, Managing Director of Towngas, emphasised the synergy between traditional and emerging energy sources in his opening remarks: “Natural gas and renewables will be in partnership. Renewables provide incremental clean energy while natural gas ensures the stability of that expansion, jointly meeting surging demand while reducing emissions.” The Summit featured four keynote speeches and panel discussions, bringing together representatives from international energy organisations, energy companies, financial institutions and academic institutions from the Chinese mainland, Hong Kong and across the globe to exchange views and share forward-looking insights. The first panel discussion featured in-depth discussions on the current state and future development of the natural gas industry. The speakers focused on the Asia-Pacific region’s role as the engine of global natural gas growth, exploring three key priorities—diversification, flexibility, and collaboration in energy supply security—as well as long-term supply security. They concluded that “reliability and collaboration” will define the industry’s direction over the next decade. The second panel discussion focused on the development opportunities for the Chinese mainland’s natural gas market under the dual carbon goals, as well as the green and low-carbon evolution pathways of the Chinese mainland and Hong Kong. Panellists provided an in-depth analysis of the current state of the natural gas industry and the challenges it faces. In light of the increasingly complex international environment, they recommended further diversifying sources of natural gas imports and optimising supply chain arrangements to mitigate the risk of supply disruptions arising from geopolitical risks. The third panel discussion in the afternoon discussed strategic directions for Asia’s energy development. Panellists from Japan, Singapore, and Malaysia exchanged views on their respective low-carbon transition pathways, suggesting leveraging existing gas pipeline infrastructure to avoid further large-scale investments, thereby reducing costs and shortening decarbonisation timelines. They also advocated for regional harmonisation of certification standards and financing cooperation mechanisms. The fourth panel discussion focused on the financing of energy evolution. The panellists pointed out that energy security, energy affordability, and decarbonisation goals must advance in parallel, while the core bottleneck for evolution projects lies in their investability. Therefore, bankable projects are needed to support them in attracting capital investment and driving the energy evolution process. Prior to the Summit, Towngas hosted the IGU Council Meeting in Hong Kong and organised site visits for delegates to its hydrogen pilot project at a padel court in Sai Kung and Hong Kong’s first hydrogen-powered EV charging system for a commercial building. The visits provided delegates with first-hand insight into the latest progress of green energy applications in Hong Kong. In addition, Towngas curated a series of cultural tours for guests, including visits to Hung Shing Temple in Wan Chai, heritage sites in Central and Sheung Wan districts, and Victoria Peak, offering them an opportunity to experience Hong Kong’s rich historical heritage and cultural landscape. Towngas also arranged a Victoria Harbour night cruise, allowing guests to experience the unique charm of this dynamic international metropolis. As the IGU’s corporate member representing Hong Kong, Towngas has long been actively involved in the organisation’s various international activities. Following its hosting of the Council Meeting and Summit in Hong Kong, Towngas will continue to support IGU’s future events around the world, including the 30th World Gas Conference (WGC2028) to be held in London in 2028. Through these engagements, Towngas aims to further promote international exchange and collaboration while sharing with the global community the country’s development achievements and Hong Kong’s unique story. - END - Press photos: Photo 1: Mr Peter Wong Wai-yee (right), Managing Director of Towngas, Mr Andrea Stegher (left), the President of the IGU, and Mr Tse Chin-wan (centre), Secretary for Environment and Ecology, attend the “Empowering a Sustainable Future” Summit, where they explored energy transformation and sustainable development pathways with energy industry leaders. Photo 2: Mr Peter Wong Wai-yee, Towngas Managing Director, says natural gas will complement renewable energy sources, meeting energy demand while effectively reducing emissions. Photo 3: Mr Andrea Stegher, President of the IGU, emphasises that for the natural gas industry, sustainability means playing a fundamental role in sustaining and empowering human progress and global growth. Photo 4: Mr Tse Chin-wan, Secretary for Environment and Ecology, delivers the opening keynote speech, noting that Hong Kong has introduced its first-ever Five-Year Plan and is establishing a green, low-carbon hydrogen standards and certification framework aligned with standards in the Chinese mainland and internationally. Photo 5: Madam Li Yalan, Second Vice President of the IGU, delivers a keynote speech outlining the current landscape and strategic development priorities of China’s energy sector. Photo 6: Mr Boris Chan, Managing Director and Head of Institutional Banking Group of DBS Bank (Hong Kong) Limited, highlights that global gas demand has reached a record high, and that Asia needs to strike a balance between energy security, affordability and decarbonisation. Photo 7: During the Summit’s panel discussion sessions, representatives from international energy organisations, energy companies, financial institutions, and academic institutions engaged in insightful dialogue, sharing forward-looking perspectives on topics including natural gas development, energy evolution, and green finance. Photo 8: IGU representatives visited Towngas’s hydrogen energy pilot projects to gain firsthand insight into Hong Kong’s latest advancements in green energy applications. Photo 9: Towngas also arranged a night cruise on Victoria Harbour, allowing guests from around the world to experience the charm of this international metropolis. For media enquiries, please contact: The Hong Kong and China Gas Company Limited Mr Aiden Wong Senior Corporate Affairs Officer Tel: 2963 3455 / 9273 3398 Email: [email protected] Mr Julius Chow Senior Corporate Affairs Officer Tel: 2963 3471 / 6969 1360 Email: [email protected]
- October 29, 2026Business
Cadillac XT5 PHEV Debuts with CalmCar Driver-Assistance Technology
The all-new Buick LaCrosse launched on October 10 2026, with L2 to L2+ solutions features standard across the lineup. Six days later, the Cadillac XT5 PHEV debuted, bringing intelligent driver-assistance features to a broader range of trims. The back-to-back launches underscore a shift in how joint-venture automakers package intelligent vehicle technologies—and point to wider adoption of driver-assistance systems. (From left: Cadillac XT5 PHEV, 2027 Buick LaCrosse, and Roewe Jiayue 07.) Industry sources indicate that CalmCar, an independent intelligent-driving technology provider, supplies the core forward-facing perception algorithms used in the driver-assistance systems of both models. From the mass production of an integrated driving-and-parking solution on the Roewe Jiayue 07, to standard L2 to L2+ solutions, across the all-new Buick LaCrosse lineup, and now to broader availability of intelligent-driving features on the Cadillac XT5 PHEV, CalmCar’s programs span domestic-brand SUVs, mainstream joint-venture sedans, and luxury SUVs. This reflects CalmCar’s “Lean Intelligent Driving” philosophy: instead of accommodating ever-changing customer feature requests, the company uses a platform-based architecture and software modules to bring proven, reliable driver-assistance capabilities to more drivers at an affordable cost. Its proprietary algorithms accommodate differences in camera mounting heights and viewing angles across sedans, SUVs, and other vehicle types. By offering both full-stack systems and individual core modules, CalmCar has built a broad portfolio of intelligent-driving solutions. For consumers, this can make driver-assistance features more affordable. For suppliers, however, mass production is a stringent test of automotive-grade reliability. They must meet automakers’ demanding quality standards and production schedules while balancing cost and user experience. CalmCar addresses these challenges with an integrated hardware-and-software solution for vehicle productions, built on Horizon Robotics’ Journey 6B platform. In the L2 to L2+ segment, the company has secured design wins for 198 vehicle models across 23 automotive brands and has completed mass-production deliveries for 105 models across six brands. The more critical question is how a company can manage a growing portfolio of vehicle models, chip platforms, and delivery milestones as intelligent driving moves from technical validation to commercial deployment. 1. From Competing on Algorithms to Competing on Delivery “In the early days of intelligent driving, the question was whether the technology could be developed. As the industry moves into mass production, the question is whether it can be delivered reliably across hundreds of vehicle models, on automakers’ timelines and at a manageable cost,” said Wang Xi, CEO of CalmCar. “Getting a prototype vehicle running and deploying 100,000 systems reliably require fundamentally different capabilities.” This is the essence of Lean Intelligent Driving: algorithm performance sets the ceiling for the user experience, while engineering determines whether a solution can be delivered reliably. During the early-stages of R&D, teams can optimize algorithms for a limited number of models. Mass production is more complex: automakers use different electrical/electronic (E/E) architectures, sensor configurations, chip platforms, and software interfaces. Adapting algorithms to each new model requires extensive integration, validation, and calibration. The challenge of CalmCar has therefore shifted from optimizing individual vehicle models to delivering consistent performance across brands, price points, and vehicle architectures. Timing adds further pressure: software delays can push back a vehicle’s start of production (SOP). A “one project, one codebase” approach may work for a handful of programs, but as customers and models multiply, software branches, testing demands, and maintenance costs can rise sharply. CalmCar uses a platform-based development approach instead. On chip platforms it already supports, it can take a new model from deployment to mass production in six months or less. For a new chip platform, the initial deployment and system bring-up take about one month. In one OEM program, CalmCar released nearly 1,000 test and production software releases across multiple models in a single year. These figures do not, by themselves, prove technological leadership. They do, however, demonstrate a critical capability for suppliers: managing multiple programs at once while keeping the incremental cost of each new program under control. As intelligent driving technology expands into mainstream vehicles priced between RMB 100,000 and RMB 200,000, suppliers must meet functionality, cost, and delivery requirements simultaneously. The industry’s focus is shifting from peak performance alone to the economics of engineering and deployment. 2. Standardization: Turning Scale into Profitability For intelligent-driving suppliers, economies of scale depend on reusing technology. Without reuse, every new vehicle model adds development work and staffing costs, putting pressure on profitability. CalmCar is moving beyond the “one project, one codebase” model by making its technology more reusable. More than 70% of its software and AI models can be reused across projects; vehicle-specific work is largely limited to customer interfaces, on-vehicle calibration, and adaptations for selected scenarios. Full standardization is unrealistic in the automotive industry. The goal is to keep customization to a minimum. To that end, CalmCar has progressively standardized and automated workflows for closed-loop data processing, model training, and system integration, cutting model-training cycles by more than 30%. This is the second pillar of Lean Intelligent Driving: using standardization and development tools to improve efficiency and turn scale into profitability. From 2023 to 2025, CalmCar’s L2 to L2+ software licensing revenue rose from RMB 12.1 million to RMB 31.7 million, while gross margin for its L2 to L2+ solutions increased from 32.4% to 43.8% in 2025. As more programs reach stable mass production, recurring royalty are becoming a larger part of revenue, allowing the same software to generate ongoing income across multiple models on a shared platform. 3. What Role Can Independent Suppliers Play Between Automakers’ In-House Teams and Major Solution Providers? On one side, leading automakers are building up their in-house intelligent-driving capabilities. On the other, major third-party providers are expanding their customer bases. Independent suppliers caught between these forces need to sharpen their value proposition. CalmCar’s answer is cross-platform compatibility and supplier neutrality. Automakers want a diversified supplier base to reduce risk and avoid being locked into a single chip platform or technology ecosystem. As the company puts it, “Customers want to switch platforms without switching suppliers.” CalmCar’s customer data offers evidence of this shift. By mid-May 2026, its customer count had risen to 330, up from 222 at the end of 2023. The five largest customers’ share of revenue fell from 91.4% to 35.3%, while the largest customer’s share dropped from 62.1% to 10.4%. The lower customer concentration gives the business a more diversified foundation. As more vehicle programs reach stable production, technology reuse is beginning to deliver financial benefits; software royalty, with a gross margin above 80%, is emerging as a new profit driver. The intelligent-driving industry is moving beyond algorithm demonstrations and computing-power competition into an era defined by delivery efficiency and cost discipline. CalmCar’s recent programs include extending driver assistance to more trims of the Cadillac XT5 PHEV, supporting standard L2 to L2+ features in the Buick LaCrosse, and deploying integrated driving-and-parking capabilities in production on the Roewe Jiayue 07. The third-party suppliers must offer strong algorithms and replicate proven engineering capabilities across brands, platforms, and cost structures. Through its Lean Intelligent Driving approach, CalmCar aims to keep costs manageable, ensure consistent delivery, and meet automotive-grade reliability standards.
- October 29, 2026Technology
HKT inaugurates Innovation & Technology Centre and AI Exchange in the Loop Contributing to Northern Metropolis development through network infrastructure
HKT Innovation & Technology Centre and AI Exchange in the Loop, Hong Kong-Shenzhen Innovation and Technology Park (HSITP) officially open. The initiative marks a further step in HKT’s support for Hong Kong’s innovation and technology (I&T) and industrial development through its network infrastructure, while laying the groundwork for future cross-boundary data flows within the Greater Bay Area (GBA) through the Loop. It also provides solid support for the Northern Metropolis development, which focuses on university towns, I&T and industries, and building an ideal place for living, work and travel. Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, officiated the opening ceremony, together with Patrick Poon, Chief Financial Officer, HKT; Steve Ng, Managing Director of Commercial Group, HKT; and Ricky Kwong, Head of Fixed Network Engineering, HKT and CEO, Fiber Link Global, marking a significant milestone in Hong Kong's network infrastructure development. Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR said in his opening remarks, “The Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone is an integral part of Hong Kong’s I&T ecosystem, comprising the three major I&T parks and five key R&D institutions. HKT’s operation in the Hetao Hong Kong Park demonstrates the confidence of major enterprises in the future development of the Loop and the Northern Metropolis. By leveraging the unique advantages of ‘one river, two banks’ and ‘one zone, two parks’, HKT can further deepen collaboration and foster synergies across the I&T industries in the Guangdong-Hong Kong-Macao Greater Bay Area. The Hetao Hong Kong Park will also serve as a strategic hub for enterprises’ AI deployment. HKT’s AI Exchange, which connects to existing data centres across Hong Kong, will facilitate cross sectoral AI innovation and applications. Through ultra-low-latency, high-speed and secure network connectivity, it will enable access to local computing resources and support the development of the Sandy Ridge Data Facility Cluster, further strengthening Hong Kong’s position as a regional hub for advanced data and computing power.” Steve Ng, Managing Director of Commercial Group, said, “Soft connectivity’, encompassing the seamless integration of technology, platforms, data, services and industry ecosystems, is key to strengthening Hong Kong’s international competitiveness and unlocking economic value. The opening of the HKT Innovation & Technology Centre and AI Exchange in the Loop not only marks a new milestone of the Group’s participation in the development of the Northern Metropolis, but also reflects our proactive bridging role, working hand in hand with the government, the Park, industry, academia and research institutions to create fresh momentum for Hong Kong’s I&T sector and the economy through concrete actions.” Ricky Kwong, Head of Fixed Network Engineering, HKT and CEO, Fiber Link Global, said, “Infrastructure‑led development and advance planning are essential to shaping the Northern Metropolis into a world-class I&T hub. As AI ushers in a new era of technological advancement, the rapid and seamless flow of data is critical to industrial upgrading and transformation. As a cornerstone of Hong Kong’s telecommunications sector, HKT will draw on its core network infrastructure to support ‘hard connectivity’ by continuing to provide high-capacity, ultra-low latency, secure and reliable network services. In doing so, we will support Hong Kong’s development as an international I&T hub and drive high-quality economic development.” Located in Building 8 of HSITP, HKT AI Exchange will connect Hong Kong's major data centre clusters including the Sandy Ridge Data Facility Cluster, which is expected to commence its first phase of operations next year, through the high-speed, ultra-low-latency 3.2Tbps AI DCI Superhighway running on advanced hollow core fibre. This will support high-performance AI computing applications for universities, research institutions, and large enterprises. The HKT- ASTRI Joint R&D Lab, established in collaboration with the Hong Kong Applied Science and Technology Research Institute (ASTRI), is also located at the same site, with the aim of accelerating the commercialisation and practical application of research outcomes in the Northern Metropolis. About HKT HKT is a technology, media, and telecommunications leader with more than 150 years of history in Hong Kong. As the city’s true 5G provider, HKT connects businesses and people locally and globally. Our end-to-end enterprise solutions make us a market-leading digital transformation partner of choice for businesses, whereas our comprehensive connectivity and smart living offerings enrich people’s lives and cater for their diverse needs for work, entertainment, education, well-being, and even a sustainable low-carbon lifestyle. Together with our digital ventures which support digital economy development and help connect Hong Kong to the world as an international financial centre, HKT endeavours to contribute to smart city development and help our community tech forward. For more information, please visit: www.hkt.com For media enquiries, please contact: HKT Group Communications, Nicole Lo, Tel: +852 2883 2742, Email: [email protected]; Agnes Yiu, Tel: +852 2888 1388, Email: [email protected] Issued by HKT Limited. HKT Limited is a company incorporated in the Cayman Islands with limited liability.
- October 29, 2026Charity
Northern Rivers rallies to raise another $200,000 for women and children escaping violence
The Northern Rivers community danced the night away in a show of solidarity against domestic and family violence, raising more than $200,000 for Women Up North (WUN) and its local women's refuge, Bugalma Bihyn. The annual gala has now raised more than $600,000 since its inception in 2023, with this year's proceeds supporting Bugalma Bihyn Aboriginal Women's Refuge, which can accommodate up to five families at a time. Held on Saturday, 24 October at Lismore Workers Club, the sold-out event saw more than 300 guests turn out in their finest 1920s attire for an evening of live music, dancing and fundraising. Hosted by Women Up North and proudly supported by investment management firm Challenger, the gala brought together local residents, businesses and corporate partners to support women, children and young people experiencing domestic, family and sexual violence across the Northern Rivers. Funds raised will help cover essential running costs at the refuge, including power, cleaning and maintenance, as well as improvements to its outdoor spaces, including a new garden and playground for children and families. WUN CEO Jillian Knight-Smith said: "This is not just a gala — it’s a call to action. We are seeing more women and children in crisis than ever before and having somewhere safe to go can change everything." “These funds raised by our community will help Women Up North create safe, calming outdoor spaces where children can play and families can begin to heal. Our vision is for Bugalma Bihyn to be a place of dignity, safety and recovery for women, children and young people who stay with us. "Thanks to the generosity of our supporters, we can continue providing that vital support while creating safe, calming outdoor spaces where children can play and families can begin to heal," said Ms Knight-Smith. Nick Hamilton, Chief Executive of Challenger: “This year’s gala was a huge success, and it’s an event I look forward to every year. You can’t leave without feeling moved by the generosity in the room and inspired by the extraordinary work the Women Up North team do for women and children across the region. “Challenger is proud to be part of that journey. This year’s proceeds will help in very direct and practical ways to ease the burden on those affected by domestic and family violence, and businesses have an important role to play alongside the community in helping create a safer and fairer society,” Mr Hamilton said. The funds were raised through community donations, raffles, auctions and sponsorships from local and national organisations, including AIA Australia, Global Ripple, Marsh McLennan, Shape, SovTech, Boardroom, Greencape Capital, Jarden, Northern Rivers Toxicology, Wavestone, Zenith, Accenture, CALI, Insignia Financial, Magenta Advisory, MinterEllison, Salesforce and the PGA. This year’s theme Glitz. Glam. Gala brought the roaring 20s to Lismore, hosted by iconic drag queen Hannah Conda. Guests enjoyed a heartfelt Welcome to Country from Jenny Smith, a performance by the Ninhi Nari Gali Bundjalung dance group, and entertainment from 42 Band, with local businesses donating raffle prizes and auction items to support the cause. Sponsors Donors Charter Hall Lawcadia Marketing Pulse Allens Zingcorp WCA Alphinity For more information contact: Felicity Goodwin, Challenger Corporate Affairs, P: 0461 579 782, E: [email protected] About WUN Women Up North is a Northern NSW service for women, children and young people who have experienced domestic or family violence or abuse. We are based in the Northern Rivers, working from Grafton to Tweed Heads. We work to support safe and healthy families in resilient communities. About Challenger Established in 1985, Challenger is Australia’s leading retirement income business with a purpose to provide customers with financial security for a better retirement. We do this by helping Australians convert their accumulated savings into reliable and sustainable retirement income. At the same time, we provide income solutions for institutional investors through our leading credit origination capabilities, providing access to high-quality investment opportunities across public and private markets. Challenger runs an APRA-regulated life company that provides income solutions to customers, and we are listed on the Australian Securities Exchange (ASX).
- October 29, 2026Finance & Loan
Challenger raises $300m from institutions with new annuity-backed notes
Second raising under the $6bn Challenger Annuity-Backed Notes (CABN) program, after $750m raising in July 5-year notes, backed by Challenger annuities Challenger today announces it has completed a successful $300 million raising of Challenger Annuity-Backed Notes (CABN), its second fund raise in the $6 billion program launched earlier this year. The AUD-denominated wholesale 5-year notes (the Notes) are split between $150 million floating rate Notes and $150 million fixed rate Notes. The interest rate payable to noteholders is 3 months BBSW plus a margin of 1.40% per annum on the floating rate tranche and 6.383% per annum on the fixed rate tranche. The Notes have been assigned an A+ long-term issue rating by S&P. The issuance builds on the inaugural $750 million CABN raising in July, taking total issuance under the CABN program to $1.05 billion in less than four months. The move to a 5-year tenor is part of planned flexibility of the CABN program. The CABN are backed by Challenger annuities, and issued as a fixed income investment, providing institutional investors with access to the annuity-like investments. Challenger Managing Director and Chief Executive Officer Nick Hamilton commented: "The CABN program has received strong interest since we announced it earlier this year. This 5-year CABN issuance takes Challenger to $1.05 billion issued in a 4-month period, which speaks to the strength of Challenger as an issuer and the notes’ potential. "The team is seeing attractive opportunities across credit markets given recent market dislocation, and the timing of this CABN issuance allows us to capitalise on these." The Notes are brought to market by CABN program arranger Jarden and Joint Lead Managers Jarden/Nomura, NAB, UBS and Westpac. For more information contact: Felicity Goodwin, Challenger Corporate Affairs, P: 0461 579 782, E: [email protected] About Challenger Established in 1985, Challenger is Australia’s leading retirement income business with a purpose to provide customers with financial security for a better retirement. We do this by helping Australians convert their accumulated savings into reliable and sustainable retirement income. At the same time, we provide income solutions for institutional investors through our leading credit origination capabilities, providing access to high-quality investment opportunities across public and private markets. Challenger runs an APRA-regulated life company that provides income solutions to customers, and we are listed on the Australian Securities Exchange (ASX).
- October 28, 2026Technology
Sentry Interactive and Azure Access Partner to Deliver Next-Generation Mobile Access and Post-Quantum Security
Sentry Interactive and Azure Access today announced a strategic partnership that brings Sentry’s advanced readerless mobile access technology directly into Azure Access’ new CP Series network controllers, giving customers greater installation flexibility, lower deployment costs, and security designed for a post-quantum future. With Sentry’s software development kit (SDK) embedded into Azure Access’ CP Series controllers, customers gain a seamless path to mobile access without the need to replace existing reader infrastructure. The integration simplifies installation, reduces costs, and expands deployment options for both new and existing access control systems. The partnership also addresses one of the most significant security challenges facing the industry: quantum computing. As quantum technology advances, conventional encryption methods may become vulnerable, creating an urgent need for access control solutions designed to withstand emerging threats. “The future of access control is embedded mobile access in a post-quantum world,” said Denis Hébert, Chairman and CEO of Sentry Interactive. “Quantum computing will fundamentally change the security landscape, and much of our industry isn’t prepared. Rather than waiting for that disruption, Sentry and Azure Access are getting ahead of it. This is about leading the transition, not reacting to it.” Sentry Interactive’s technology combines advanced post-quantum cryptography with a readerless architecture that isolates the mobile credential security layer, helping protect against evolving cybersecurity threats. For Azure Access , the integration expands the capabilities of its latest CP network controller range, allowing customers and installation partners to implement mobile access with fewer hardware dependencies and greater freedom of choice. “Our partnership with Sentry Interactive gives Azure Access customers and installation partners more ways to deploy mobile access without the traditional cost and complexity of replacing reader infrastructure,” said Evan Zinger, General Manager of Azure Access. “By incorporating Sentry’s technology into our controllers, we’re expanding installation flexibility while offering advanced credential security designed for the future.”
- October 28, 2026Top Stories
CapitaLand Investment accelerates business transformation through AI and sustainability innovation
CLI is among the inaugural participants in Champions of AI, supporting its efforts to drive enterprise-wide AI adoption. CapitaLand Investment Limited (CLI), a leading global real asset manager, is accelerating business transformation through artificial intelligence (AI) and sustainability innovation. CLI has been selected as an inaugural participant in Champions of AI and launched the fifth edition of CapitaLand Sustainability X Challenge (CSXC) together with CapitaLand Development (CLD). The two initiatives will further strengthen CLI’s capabilities as an AI-powered real asset manager and advance sustainability innovation across the industry. CLI is among the inaugural participants in Champions of AI, a flagship national initiative by Enterprise Singapore (EnterpriseSG) and Digital Industry Singapore to support leading Singapore-based companies in transforming their businesses with AI. The programme was launched at Enterprise Singapore’s Singapore Week of Innovation and Technology (SWITCH) 2026 by Guest-of-Honour Mr Gan Kim Yong, Singapore’s Deputy Prime Minister and Minister for Energy, Trade and Industry (Trade). AI is transforming how we invest, operate and create value as a global real asset manager. Over the next three years, CLI will advance how capital is sourced, deployed and recycled across its global platform through targeted investments in AI, data and workforce transformation. Our focus is to sharpen investment insights and strengthen operational execution while retaining human judgement and strong governance. Through Champions of AI, we aim to accelerate enterprise-wide adoption and equip our people to translate technology into measurable business outcomes. Wong Hwee Lim, Chief Digital & Technology Officer Andrew Jasudasen, Chief Sustainability and Sustainable Investments Officer Innovation is critical to addressing the sustainability challenges facing the built environment. Through CSXC, we connect real-world challenges with promising solutions from around the world, providing innovators with opportunities to pilot them across CapitaLand’s properties globally. By bringing together industry partners, ecosystem players and innovators, we aim to accelerate the adoption of solutions that can support the built environment's transition to a lower-carbon and more resilient future. Scaling AI adoption across CLI CLI is advancing towards becoming an AI-powered real asset manager, embedding AI into its core workflows. Through Champions of AI, CLI will further scale the use of AI across its investment, asset management and operating businesses to sharpen investment insights, optimise asset performance, elevate customer experience and improve productivity. CLI’s Casey chatbot for retail has handled more than 370,0001 chat sessions to date, while Cubby, The Ascott Limited's ChatGPT-powered digital concierge, has responded to more than 1 million guest enquiries since its launch in 2023. CLI’s Self-storage AI Sales Agent has reduced the sales cycle time by an estimated 60%. As part of its commitment to building an AI-ready organisation, CLI is preparing its workforce for AI-enabled work through AI fluency, reskilling, job redesign and governed citizen development programmes. More than 5,200 AI training attendances were facilitated between January and mid-October 2026, supporting the responsible and scalable adoption of AI across the business. CLI's global ecosystem spans more than 270 cities in over 40 countries, creating significant opportunities to scale AI-powered transformation across its businesses and customer platforms. Advancing sustainability innovation for the built environment The fifth edition of CSXC will source emerging solutions and technologies that address real-world sustainability challenges in the urban environment. Innovators will have opportunities to pilot, validate and potentially scale their solutions across CapitaLand’s global portfolio, supported by up to S$675,000 in funding. Since 2021, CSXC has received more than 2,400 entries from over 90 regions, with 40 innovations piloted or planned at 58 sites across six countries as at 28 October 2026. This year’s challenge comprises seven areas spanning building operations and development, decarbonisation, water resilience, circularity, low-carbon construction, climate resilience and health, safety and wellness in buildings. The challenge statements were curated by CLI and CLD, reflecting the opportunities and needs across the real estate life cycle. Collaboration with industry and ecosystem partners continues to be a key part of CSXC. Temasek Foundation is a new partner for this edition, with continued support from Exclusive Partners, the Building and Construction Authority (BCA) and EnterpriseSG. Relevant submissions from CSXC and The Liveability Challenge, presented by Temasek Foundation, may be shared across both platforms to be considered for mentorship and pilot opportunities at CapitaLand properties, creating additional pathways for promising solutions to be developed and scaled. The Demo Day will be held at BCA's Built Environment Innovation Hub at the BCA Braddell Campus, while EnterpriseSG will continue to sponsor two Special Recognition Awards. The top five CSXC finalists will be mentored ahead of the Demo Day in August 2027, where they will pitch for the opportunity to pilot their solutions at selected CapitaLand properties globally. Note: 1 From March 2024 to July 2026 Download(s) News Release (PDF): https://www.capitaland.com/content/dam/capitaland-newsroom/International/2026/october/capitaland-investment-accelerates-business-transformation-through-ai-and-sustainability-innovation/nr-cli-accelerates-business-transformation-through-ai-and-sustainability-innovation.pdf
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