Alibaba Group Holding Ltd (9988.HK)

Alibaba Group and Ant Group researchers to develop VideoComposer, which provides enhanced spatial and temporal controllability for video synthesis. This is accomplished by first dissecting a video into its constituent parts—textual condition, spatial condition, and critical temporal condition—and then using a latent diffusion model to reconstruct the input video under the influence of these elements.

In addition, they introduce a unified spatiotemporal coder (STCencoder) that employs cross-frame attention mechanisms to  capture spatiotemporal relations within sequential input, resulting in improved cross-frame consistency of the output movies.

Bank Of China Ltd-H (3988.HK）

OCI, Bank of China’s investment banking division, has broken new ground by issuing CN¥200m (US$28m) in fully digital structured notes in Hong Kong. This is the first instance of a tokenized security issuance by a Chinese financial institution in the region.

UBS originated the product, which was allocated to its clients across the Asia-Pacific region, demonstrating an ongoing partnership between BOCI and UBS in the field of digital structured notes.

This recent transaction signifies the launch of the first product in the Asia-Pacific region of its kind, established under the legal frameworks of Hong Kong and Switzerland and tokenized on the primary Ethereum blockchain.

Chow Tai Fook Jewellery Group (1929.HK)

Chow Tai Fook Jewellery Group Ltd, one of the world’s largest jewellery retailers by market value, is dialling back expansion plans in an effort to boost profitability as the company fends off intensifying competition. The group is planning to add 600 to 800 new stores in mainland China in the fiscal year ending March 2024, vice-chairman Sonia Cheng said in an interview last Thursday, down from more than 1,500 it added over the past year.

The company reported a 20% slump in profit to HK$5.4bn (US$700m) in the year ended March 31, missing analyst expectations, due to unrealised losses from gold loans amid price volatility and foreign exchange losses from a weakening yuan.

Galaxy Entertainment Group Ltd (27.HK)

Galaxy Entertainment Group (GEG) has announced a three-year strategic cooperation agreement between its new 16,000 seat indoor arena, Galaxy Arena and music service TME Live to jointly organize an array of entertainment events at the venue.

The agreement aims to promote the development of Macau’s culture and entertainment industry with performances to include both in-venue and online, including top-tier concert tours, music festivals, music ceremonies and more.

“To meet the overall needs of our visitors for a more diverse travel experience, we have been dedicated to introducing a wider range of music and entertainment elements in our integrated resort while striving to create more related facilities as attractions. One of these facilities is the all-new 16,000-seat Galaxy Arena,” said GEG Vice Chairman, Francis Lui.

Sands China Ltd (1928.HK

Sands China Ltd. hosted the MICE & Luxury Forum on June 8 as part of The Macao Showcase’, a three-day event aimed at bringing the best of Macao to Singapore. The forum took place in-person at the main venue in the Sands Expo & Convention Centre of Marina Bay Sands in Singapore, while a hybrid format took place within a sub venue at The Londoner Macao.

The hybrid MICE & Luxury Forum is Sands China’s latest initiative to further its cooperation with tertiary institutions and industry associations to help nurture the growth of local youth, incubate much-needed talent for large-scale meetings and conferences to be hosted in Macao, and add to Macao’s pool of human resources.

Source: Rakuten Research - 15 Jun 2023

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