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Alibaba Establishes New Unit to Expand Consumer Usage of Qwen AI Models
Alibaba Group Holding announced on Tuesday the formation of a new division dedicated to advancing consumer utilization of its artificial intelligence applications, built on the Qwen family of large language models.The newly created division, named the Qwen Consumer Business Group, will be headed by ...Tiger News
Wed, Dec 10
ActusRayPartners, a Quantitative Hedge Fund Manager, Secures Double Victory at the HFM European Performance Awards 2025
On 25 November 2025, ActusRayPartners won two prestigious awards at the HFM European Performance Awards 2025: 1) “European equity”, and 2) “Market-neutral”. These two accolades recognize the outstanding performance of the ActusRayPartners European Alpha Fund from 1 July 2022 to 30 June 2025. ActusRayPartners is a quantitatively oriented but ultimately discretionary hedge fund manager seeded and supported by Sun Hung Kai Capital Partners, the funds management platform of Sun Hung Kai & Co. Limited (“SHK & Co.”, SEHK: 86). Established in 2019, ActusRayPartners has achieved significant growth, with its assets under management (AUM) increasing over 100 times to surpass US$2 billion as of 30 November 2025.As equity markets advanced over the performance assessment period, it is a significant achievement that ActusRayPartners’ equity market-neutral work (which carries near-zero beta) was strong enough to win against both equity long-short (which often carries approximately 50% beta) and equity market-neutral peers in the same evaluation window. Since the “Market-neutral” category was introduced at the HFM European Performance Awards, no other hedge fund manager has won both best equity long-short and best equity market-neutral in the same year. Additionally, no other Asia-based manager has won either of these two categories for, at least, the past decade+. “As a Hong Kong-headquartered asset management company, we are proud that our European strategy has been consistently recognised since its inception in March 2021, including winning an award in each of the past three years. We believe these awards reflect the strength of our Discretionary Probabilistic Investing process and the dedication of our team,” said the Co-Founders of ActusRayPartners.Tony Edwards, Executive Director and Deputy CEO of SHK & Co., commented: “Congratulations to the ActusRayPartners team on their remarkable double win at the HFM Performance Awards! To win in both the Equity Market-Neutral and Equity Long-Short categories is a significant achievement and a testament to their expertise and disciplined strategy. As a long-term seeding partner, we take great pride in their tremendous growth since our collaboration began five years ago. At SHK & Co., we remain dedicated to support and empower specialist emerging asset managers across Asia, helping them thrive in dynamic markets. ActusRayPartners exemplifies this partnership and commitment.”The HFM European Performance Awards is highly regarded in the hedge fund industry, honouring excellence in various categories such as fund performance, operational capabilities, and service providers. Organized by HFM Global, a leading source of hedge fund intelligence, these awards have a long history of celebrating firms that demonstrate exceptional performance and innovation. – End –About ActusRayPartnersActusRayPartners is a Hong Kong-headquartered asset management company equally co-founded by Andrew Alexander, Raymond Chan, and Patrick Cheung in 2019. Several members of the team previously worked together in the Quantitative Hedge Funds division of Macquarie Group. Today, ActusRayPartners comprises 36 members across Hong Kong and Sydney, managing over US$2 billion (as of 30 November 2025) across Europe and Asia.ActusRayPartners employs a Discretionary Probabilistic Investing process which is a synthesis of: (1) a quantitative base, and (2) discretionary adjustments to address quantitative deficiencies. The quantitative base uses fundamental, sentiment, technical and alternative data, and employs advanced statistics, natural language processing, and artificial intelligence techniques. The discretionary work focuses on addressing challenges with purely systematic processes and is not fundamental, macro or flow driven.ActusRayPartners is licensed by the Hong Kong Securities and Futures Commission (Type 4 “Advising on Securities” and Type 9 “Asset Management” license) and is a Registered Investment Adviser with the U.S. Securities and Exchange Commission and has not yet made an application to be licensed in any other jurisdiction.About Sun Hung Kai & Co. and Sun Hung Kai Capital PartnersSun Hung Kai & Co. Limited (SEHK: 86) (“SHK & Co.” / the “Company”, together with its subsidiaries, the “Group”) is a leading Hong Kong-based financial institution recognised for its expertise in alternative investments and wealth management. Since 1969, the Company has built a diversified investment portfolio across public markets, credit and alternatives strategies including real estate and private equity, delivering long-term risk-adjusted returns. Leveraging on its deep-rooted Asian heritage, SHK & Co. supports and nurtures specialist emerging asset managers in the region, empowering them to excel. SHK & Co. also utilises its long-standing investment expertise and resources in providing tailored investment solutions to like-minded partners and ultra-high-net-worth investors through its Family Office Solutions. As at 30 June 2025, the Group held about HK$37.7 billion in total assets. For more information, please visit: www.shkco.com / follow SHK & Co. on LinkedIn.Founded in 2020, Sun Hung Kai Capital Partners Limited (“SHKCP”) is a Hong Kong SFC regulated subsidiary of SHK & Co., with Type 1, 4 and 9 licenses. For more information, please visit: www.shkcapital.com / follow SHKCP on LinkedIn. For media enquiries, please contact:BursonSidney Leng +852 5443 4320Caleb Leung +852 9190 1969Joyce Zhan +852 9142 2528Email: SHKCo@hkstrategies.com10/12/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Dec 10
JD Industrials Drops 7% in Hong Kong Grey Market
JD Industrials shares droppped in Hong Kong grey market.Operating as a stand-alone business unit of JD Group since 2017, JD Industrials offers a wide range of industrial products and digital supply-chain services in China. It had grown into the country’s largest maintenance, repair and operations pr...Tiger News
Wed, Dec 10
Beyond ONE's Friendi Pay Reports Surge in Oman's Digital Payments Only Five Months After Its Launch
Muscat, Oman - December 10, 2025 - (SeaPRwire) - Beyond ONE shares a surge in Oman's digital payments sector following the launch of its platform, Friendi Pay. The digital service, rolled out in May 2025, has spurred a 600% in digital payments and more than 800% growth in international remittances.Additionally, within this short timeframe, Friendi Pay has seen monthly transaction volumes expand from thousands to tens of thousands, with the value of domestic transfers climbing by over 360% to nearly one million Omani rials.The platform's onboarding rate has also improved by 55%, signaling a shift in how Omani residents and expatriates manage their finances both at home and abroad, and demonstrating the widespread appeal of trustworthy, transparent, and easy-to-use digital finance solutions.Human-Centric Design And Commitment To TrustFriendi Pay is anchored in the understanding that trust is the cornerstone of advancement in financial technology. Every transaction is safeguarded by comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, with continuous collaboration alongside the Central Bank of Oman to ensure payments consistently meet the nation's highest security standards."Families deserve clarity upfront and transparency at every stage. We show the full cost and let every user track their transaction step by step," Tawfiq Al Lawati, CEO of Friendi Pay Oman, mentions.Beyond security infrastructure, Friendi Pay delivers accessibility through design. The platform operates with WhatsApp-first support and a user interface available in five languages: Arabic, English, Hindi, Bengali, and Tagalog, enabling onboarding, inquiries, and assistance through real-time, multilingual communication channels.Rooted in the behavioral habits of over one million Friendi Mobile users, the platform integrates seamlessly with diverse lifestyles, meeting people "where they are" and addressing the everyday financial needs of local families and expatriates alike. From utility bill payments and in-store purchases to remittances and peer-to-peer transfers, Friendi Pay seamlessly integrates digital finance into daily life.Hani ELKukhun, CEO of Middle East at Beyond ONE, states, "We are not just simplifying transactions, we are humanizing finance for real lives and real communities."Responsible Innovation In A Rapidly Growing MarketAmid forecasts that Oman's digital payments sector will exceed $20.8 billion by 2029, Friendi Pay sets the standard for responsible, compliance-oriented fintech development. Every new feature and payment corridor undergoes rigorous internal and regulatory scrutiny before launch. Transparent fee structures, real-time transaction visibility, and accessible support empower users to navigate a market that is becoming more competitive and consumer-centric by the day.The ripple effect is greater consumer literacy, informed comparisons between services, and accountability-driven competition. In doing so, Friendi Pay is disrupting the market while proving that profitability and principle can coexist in the same product.Available on both the Apple App Store and Google Play, Friendi Pay is open to all residents of Oman. Its journey in the fintech space has just begun, but the platform is committed to supporting real household needs, driving financial inclusion, and aligning the country's vision for a stronger digital financial economy."As Oman moves toward Vision 2040 and a diversified digital economy, Friendi Pay will deliver ever more local payment solutions, open fresh remittance corridors, and set new standards for customer experience," mentions Al Lawati. "Progress happens when fintech listens to real people. That's how we ensure growth is responsible, sustainable, and empowering, at scale."About Beyond ONEBeyond ONE is a global digital services aggregator founded in 2021 and headquartered in Dubai, with a strong presence in Latin America and the Middle East. Their mission is to simplify people's lives by delivering the right services, at the right time, for the right reason, to the right people, all in one trusted place.Contact DetailsBrand: Beyond ONEContact: Ahmed Ibrahim, Director of PR and Social MediaEmail: ahmed.ibrahim@beyond.oneWebsite: https://beyond.one10/12/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Dec 10
HK Movers | Vanke Jumps as It Aims to Avoid Default as Creditor Meeting Kicks Off
Vanke shares jumped in Hong Kong and in the mainland.China Vanke Co. creditors met Wednesday as the distressed developer makes one more push to win support for a bond extension plan aimed at averting a default.Holders of Vanke’s 2 billion yuan ($283 million) onshore note due Dec. 15 are set to conve...Tiger News
Wed, Dec 10
Crypto Daily | Tether-Backed Twenty One Sinks 20% on Debut; Bitcoin "After Dark" ETF Would Bet on BTC as Wall Street Sleeps
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsTether-Backed Twenty One Capital Sinks on DebutShares of crypto treasury firm Twenty One Capital plunged on their first day of trading on Tuesday following the comp...Tiger News
Wed, Dec 10
HK Movers | Gold and Silver Stocks Jump With Lingbao Gold up 10%
Gold and silver stocks jumped in Hong Kong. Lingbao Gold rose 10%; Tongguan Gold rose 7%; CHI SILVER rose 5%; Zijin Gold International and Everest Gold rose 4%; Laopu Gold rose 3%; Zhaojin Mining and Chifeng Gold rose 2%.Tiger News
Wed, Dec 10
HK Movers | NIO's LiDAR Supplier Seyond Surges 55% in Trading Debut
Seyond Holdings, the LiDAR supplier for Nio Inc (NYSE: NIO), made its debut on the Hong Kong stock market today, rising in morning trading.As of press time, Seyond shares surged 55% in morning trading.Seyond raised HK$1.03 billion through the listing to bolster product development and market expansi...Tiger News
Wed, Dec 10
Three Mining Stocks To Buy As Silver Hits All-Time High
On Tuesday, silver prices pushed past $60 per ounce to set an all-time record.Silver reached that unprecedented price after a roughly 5% rally on Tuesday. It has been an exceptional year for silver, which generally tends to be a volatile metal. Year-to-date silver is up 104%. Much of the demand has ...Tiger News
Wed, Dec 10
Pharaoh Capital Launches Zero-Capital Solar Deployment Model to Accelerate UK Commercial Adoption
LEEDS, UK - December 10, 2025 - (SeaPRwire) - Pharaoh Capital, a Leeds-based renewable energy investment group, has introduced a new zero-capital commercial solar deployment model through its subsidiaries INICIO and Solar4Business, enabling British enterprises to install large-scale rooftop solar systems without upfront expenditure. By fully funding, managing, and delivering installations on behalf of clients, Pharaoh Capital is removing one of the primary barriers to renewable energy adoption across the UK’s industrial, commercial, and real estate sectors.Founded in 2022 by Grant Nicholson, Pharaoh Capital operates on a fundamentally different premise than established market players. Rather than requiring businesses to finance solar installations upfront, the group's subsidiaries INICIO and Solar4Business assume all capital risk, project management, and installation responsibilities. Clients sign long-term Power Purchase Agreements at fixed rates that immediately undercut existing electricity bills, delivering energy cost reductions of 30 to 40 percent with zero balance sheet impact."The sector is full of cowboys or corporates so slow they move like treacle," Nicholson explains. "Through INICIO and Solar4Business, we deliver enterprise-grade projects with SME-level speed, turning around installations in under eight weeks from site assessment to switch-on." The subsidiaries target solar installations between £250,000 and £5 million per site, funded entirely through private capital managed by the Pharaoh Capital holding company.Clients including CBRE, Yodel, and the NHS have benefited from the streamlined approach delivered by INICIO and Solar4Business, avoiding maintenance burdens and asset ownership complexities while securing predictable energy pricing. Nicholson's entrepreneurial achievements have garnered industry recognition, including the European Entrepreneur of the Year designation from Aspioneer Magazine in 2024 and the Institute of Directors' Young Director of the Year award for Yorkshire and North East in 2020.Pharaoh Capital now targets deploying £100 million in debt financing through its operational subsidiaries directly into revenue-generating, long-term agreements that simultaneously reduce client costs and strengthen the group's profit-and-loss statement through predictable cash flows. For UK industrial operators, landlords, and commercial real estate leaders seeking to reduce energy expenditure while advancing ESG objectives, Pharaoh Capital and its subsidiaries INICIO and Solar4Business represent a pragmatic alternative to traditional energy providers.About Pharaoh Capital LimitedEstablished in 2022 and headquartered in Leeds, Pharaoh Capital Limited operates as a specialist investment and holding company targeting the UK energy and renewables sector. Through its operational subsidiaries INICIO and Solar4Business, the group has built a substantial commercial solar portfolio by funding and managing installations that deliver immediate client savings while generating reliable investor returns. Pharaoh Capital's subsidiaries have served 175 commercial clients without requiring government subsidies or external equity financing.Grant Nicholson, the group's founder, previously won the Institute of Directors Yorkshire Young Director Award and has been recognized for his contributions to sustainable business energy solutions. The parent company's revenue milestone represents approximately 25% progress toward Nicholson's ambitious £100 million deployment target for scaling renewable energy infrastructure across the UK through INICIO and Solar4Business.Contact InformationBrand: Pharaoh CapitalContact: Grant NicholsonEmail: gn@pharaoh-capital.comWebsite: https://www.pharaoh-capital.com10/12/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Dec 10
IFF Launches a New Scholarship Initiative, Aimed at Making High-level Financial Education More Accessible
London, UK - December 10, 2025 - (SeaPRwire) - Responding to surging demand for advanced finance education, the International Faculty of Finance (IFF) has introduced a new scholarship initiative aimed at widening access for self-funded professionals. Open until the end of December, the scheme offers partial scholarships across IFF’s full portfolio of public courses, spanning sustainable investing, digital risk, and the use of new technologies in finance.Demand for specialized finance education is surging, prompting IFF to offer new scholarships and develop training tailored to modern technology and emerging sustainability requirements.Professional training providers are experiencing a sharp rise in demand for advanced finance courses, as artificial intelligence and sustainable investing rapidly reshape global markets and regulatory demands. The International Faculty of Finance (IFF) reports nearly a 40 percent increase in enrolments for related programs over the past year, a signal of the accelerating rate at which financial skills must be updated as technology and standards progress.Ted Bailey, Director at IFF, notes, "The people driving the next phase of the industry aren't necessarily those with the longest careers behind them. They're the ones adapting fastest to new realities. Whether that's integrating ESG principles into financial analysis or understanding how AI models reshape decision-making. We want to open doors for individuals investing in themselves, but also support those in organisations who are taking ownership of their own progression."This change in training priorities is viewed as structural, not cyclical. Research, including a recent PwC CEO survey, shows that almost seventy percent of financial leaders anticipate that technology will require fresh skill sets across most roles, while evolving sustainability standards have expanded the technical remit of finance teams. The combination of these forces has created urgent demand for both broader conceptual understanding and direct application in daily practice.IFF's expanded course portfolio is built to address these needs. While maintaining strong offerings in established topics like risk management and asset valuation, IFF now includes programs focused on integrating technology-driven insights into portfolio construction and turning ESG data into actionable disclosure frameworks. "A risk professional who once focused on credit exposure now needs fluency in AI governance. An analyst covering renewables must understand both project finance and climate data. The lines have blurred, and that's where learning has to keep pace," Bailey explains.The scholarship program also reflects a broader movement toward lifelong learning among professionals. Studies by McKinsey and Deloitte show that employees who pursue development aligned with emerging technology and sustainability trends are more likely to progress, even in challenging markets. For those in mid-career, cost can be a significant barrier, and IFF's initiative aims to help overcome that challenge.Based in London, IFF serves the global finance community, providing courses for professionals working in banking, investment, and regulation worldwide. Its reputation for practical, outcome-focused learning, from accredited university courses to expert-led workshops, supports its quick response to changes in market demand.Bailey summarizes, "The pace of change in finance means learning can't be a static exercise. Our role is to make it attainable, relevant, and grounded in the realities of the profession." The new scholarships not only broaden access to training but reinforce IFF's commitment to supporting individuals and institutions that recognize continuous learning as the key to future performance and resilience.IFF is part of Informa, a London-based global leader in professional education and events, supporting continuous learning and capability development across industries.About International Faculty of FinanceThe International Faculty of Finance (IFF) is a global leader in executive-level banking and finance education, offering a comprehensive portfolio of expert-led training across Governance, Risk & Compliance; Corporate Finance; FinTech; Wealth & Investment Management; Project Finance & Infrastructure; and more.Delivered through flexible formats, IFF supports finance professionals and organisations worldwide. IFF is part of Informa PLC, a FTSE-listed international events, digital services, and academic knowledge group, operating in over 30 countries. Informa's purpose is to champion the specialist, connecting people with knowledge to help them learn more, know more, and do more.Contact InformationCompany: Informa Connect Academy (Informa PLC)Contact: Informa Connect Academy TeamEmail: krystle.almeida@Informa.comWebsite: https://informaconnect.com/iff/ 10/12/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Dec 10
24H｜Braze Rallied 11%; GE Vernova Up 6%; IRobot Jumped 5%; AeroVironment Down 5%
Braze, Inc. stock rallied 11% in overnight trading after the company released its third-quarter earnings report, beating the analyst revenue estimate and raising its fiscal 2026 guidance.GE Vernova Inc. said on Tuesday it expects higher revenue in 2026, compared with its forecast for 2025, on the ba...Tiger News
Wed, Dec 10
SpaceX to Pursue 2026 IPO Raising Above $30 Billion
SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time.Tiger News
Wed, Dec 10
Post-Bell | S&P 500 Ends Slightly Down. Silver Hits $60/Oz Milestone; JPMorgan Falls 5%; AutoZone Sinks 7%; CoreWeave Jumps 5%; BMNR up 9%; Pan American Silver up 11%
The S&P 500 ended Tuesday's session slightly lower as investors anticipated that the Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest U.S. bank warned of hefty expenses for 2026. Market S...Tiger News
Wed, Dec 10
Gold and Silver Stocks Shine. Pan American Silver up over 5%; First Magestic Silver up 4%; Harmony Gold, Silvercorp Metals up Around 3%
Gold and silver stocks rose on Tuesday. Pan American Silver up over 5%; First Magestic Silver up 4%; Harmony Gold, Silvercorp Metals up around 3%.Tiger News
Tue, Dec 9
Top Calls on Wall Street: Nvidia, Apple, Tesla, Micron, Viking, Netflix, Hims, Delta & More
Here are Tuesday’s biggest calls on Wall Street:RBC upgrades Wave Life Sciences to Outperform from Sector PerformRBC upgraded Wave Life and said the biotech company showed impressive obesity data in a clinical trial. “Overall, we are impressed by the data and see upside from here given a very large ...Tiger News
Tue, Dec 9
Pre-Bell｜Wall St Futures Flat; Nvidia Gains 1%; CVS Health Rises 3%; Ares Management Jumps 8%; ALEX Soars 38%; CoreWeave Falls 2%
U.S. stock index futures were flat on Tuesday as investors remained cautious a day ahead of a long-anticipated monetary policy decision by the Federal Reserve, while Nvidia gained after the chip giant received approval to sell some of its processors to China.Market SnapshotAt 8:30 a.m. ET, Dow e-min...Tiger News
Tue, Dec 9
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