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SUNeVision Initiates MEGA IDC Phase Two Development
Hong Kong’s Largest Data Centre Built for the New AI Era
As Hong Kong’s largest data centre service provider, SUNeVision operates a total of eight facilities across the territory, including MEGA IDC. Phase One of MEGA IDC, launched successfully last year, delivered approximately 500,000 square feet of gross floor area (GFA) and 50MW of power capacity. The facility has already attracted major cloud service providers and international banks to move in as customers. In response to strong market demand, construction of Phase Two has begun ahead of schedule. This phase will add around 350,000 square feet of GFA, with completion scheduled for 2026/2027.
The initiation ceremony for Phase Two was officiated by Deputy Financial Secretary Michael Wong, SHKP Chairman & Managing Director and SUNeVision Chairman Raymond Kwok, SHKP Executive Director and SUNeVision Non-Executive Director Christopher Kwok, and SHKP Executive Director and SUNeVision Vice Chairman Allen Fung. The ceremony marked a significant milestone for this key infrastructure project and was celebrated alongside prominent industry leaders.
Mr Michael Wong said at the ceremony that the government is fully committed to advancing AI development in Hong Kong. As Financial Secretary said in his Budget Speech, AI is at the core of developing new quality productive forces and Hong Kong should develop AI as a core industry. The investment in MEGA IDC, exceeding HK$15 billion, combined with tenant equipment investments, is expected to draw tens of billions in total investment to Hong Kong. He praised SHKP and SUNeVision for their confidence in Hong Kong’s future, demonstrated through significant investments that underscore their commitment to establishing Hong Kong as a leading data centre hub in the Asia Pacific, a commitment deserving full recognition and support.
Mr Raymond Kwok said: “Innovation and technology (I&T) is the cornerstone of new quality productive forces and plays a pivotal role in driving Hong Kong’s economic development. For years, SHKP has consistently invested in technological applications and state-of-the-art facilities to enhance Hong Kong’s new productive forces. As part of these efforts, SUNeVision is committed to building a world-class AI network infrastructure, strengthening Hong Kong’s connectivity with the mainland and global advanced technology markets.”
MEGA IDC – Hong Kong’s Largest Hyperscale Data Centre
The total investment in the MEGA IDC project exceeds HK$15 billion. Upon completion of the three phases, the facility will offer approximately 1.2 million square feet and of GFA and over 180MW of power capacity, making it the largest hyperscale data centre in Hong Kong. Designed to meet the space and power needs of cloud service providers and AI customers, this cutting-edge facility is at the forefront of fostering AI advancements and advancing Hong Kong’s I&T sector.
Mr Christopher Kwok said: “MEGA IDC, as an AI-ready data centre, stands out for its strategic location and advanced facility design. This site was specifically designated by the government for the development of high-tier data centres. Our infrastructure is highly resilient, with multiple backup power systems that not only meet the high energy demands of AI customers but also ensure ultra-low latency and uninterrupted operations. The facility’s physical security is built to the highest standards, with round-the-clock surveillance and biometric access controls, providing comprehensive protection for both the infrastructure and data. The SUNeVision team has travelled around the world to learn from the technical and management expertise of leading data centres worldwide, and conducted in-depth research into the specific needs of multinational financial institutions and cloud service providers. By implementing the highest standards in its facilities, MEGA IDC delivers comprehensive, high-quality services and is fully prepared to adapt to the evolving demands of the technology market.”
State-of-the-art Facility Captures Unprecedented AI Opportunities
The rapid evolution of AI has driven the growth of AI applications and inference technologies, creating a rising demand for high-quality, high-density data centres in Hong Kong. MEGA IDC is equipped with seven on-premise 132kV 75MVA transformers spanning Phase One and Phase Two, delivering stable, abundant, and high-quality power to meet present and future needs.
The data centre employs a modular design approach with a 5.7m slab-to-slab height and a robust 20kPA floor loading capacity, allowing customers to place their most advanced and mission-critical equipment.
Strategic Addition to SUNeVision’s Portfolio
Upon completion of the full MEGA IDC project, SUNeVision’s eight data centres will provide over 280MW of power capacity across three million square feet of GFA in Hong Kong. The development reinforces SUNeVision’s leadership in the digital infrastructure sector and positions the company to support both global and mainland cloud and AI companies as they expand in the Asia Pacific region.
Hashtag: #SUNeVision
The issuer is solely responsible for the content of this announcement.
About SUNeVision
SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.
SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. The addition of cable landing stations HKIS-1 and HKIS-2 to our data centre portfolio will provide a one-stop-solution to cable owners and users, strengthening our position as the leading connectivity hub in Asia. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.
For more information, please visit SUNeVision’s 
website, 
LinkedIn or WeChat.
Gears up to launch Aspire Yield
SINGAPORE – Media OutReach Neswire – 3 April 2025 – ASG2 Pte Ltd, a subsidiary of Aspire, a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has secured the Capital Markets Services Licence (CMS) from the Monetary Authority of Singapore (MAS). The licence will enable Aspire to better serve businesses in Singapore by widening its offering to include regulated investment solutions designed to help them optimize their capital.
With the CMS licence in hand, Aspire also announces the upcoming launch of Aspire Yield, a new investment solution integrated within the Aspire Business Account. Aspire Yield enhances Aspire’s all-in-one financial platform, providing businesses with seamless access to investment opportunities while managing their finances in one place.
Small businesses have long been excluded from accessing competitive investment opportunities, which remain reserved for large corporations with deep banking relationships. In Singapore, traditional banks offer savings interest rates ranging from 0.01% to 0.25% per annum, leaving small businesses minimal returns on their idle capital. Without access to investment options, these businesses struggle to optimize their funds while ensuring liquidity, limiting their ability to grow sustainably.
Aspire Yield aims to bridge this gap by enabling startups and small businesses to earn competitive returns on idle capital while ensuring funds are easily accessible for operational needs. Powered by top-tier money market funds managed by Singapore’s leading asset managers, Aspire Yield will offer flexible investments with no minimum investment requirement, no lock-up period, and next business day liquidity—helping businesses optimize their capital with ease.
“Securing the CMS licence from MAS, one of the world’s most respected regulators reaffirms our continued commitment to building a trusted and innovative financial ecosystem that empowers startups and businesses with the tools they need to scale,” says Joel Leong, Aspire’s co-founder and Chief Strategy Officer. “As we enhance our capabilities, we remain dedicated to delivering seamless, compliant, and innovative financial solutions like Aspire Yield.”
“The launch of Aspire Yield is a major milestone in our mission to help businesses not just manage but grow their capital,” said Andrea Baronchelli, CEO and co-founder of Aspire. “By unlocking access to high-yield investment opportunities for global startups and small businesses, we are leveling the playing field and giving them the tools they need to thrive in an increasingly competitive landscape.”
Aspire Yield is currently in private beta. Interested businesses can join the waitlist at https://aspireapp.com/yield.
Hashtag: #Aspire
https://aspireapp.com/
https://www.linkedin.com/company/aspireapp-global/
The issuer is solely responsible for the content of this announcement.
Aspire
Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions – accessible via a single, user-friendly account.
Headquartered in Singapore, Aspire has 600+ employees across nine countries, clients in 30+ markets and is backed by global top tier VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal. In 2023, Aspire closed an oversubscribed US$100M Series C round and announced that it has achieved profitability.
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Shenglong Electric showcases two AI-powered products in OFC 2025 to redefine smart electricity use
The patented AI-iPanel can speak, think, and manage, transitioning power distribution equipment from the intelligent age to the AI age. Electricity use is now safer, smarter, and more efficient thanks to the deep integration of AI and power technologies. The proprietary iDrip smart IoT system enables users to achieve full lifecycle management of buildings and parks. Building on iDrip 5.0, a digital twin platform has been developed for China’s National Communication Center for Science and Technology. This project yielded the first smart IoT building, metaverse operation and maintenance building, AI-driven green building, and AI-operated building. These two products can be tailor-made to satisfy each and every customer.
Shenglong Electric delivered its first overseas power engineering project in Madagascar in 2007. Since then, its products and services have supported hundreds of projects in over 50 countries and regions, including the Times City Smart Power Solution (Myanmar), Kurdistan Solar Power Station (Iraq), Heat-resistant Power Equipment Upgrade (Niger), Cheddi Jagan International Airport Expansion (Guyana), Hambantota Airport (Sri Lanka), Agboville-Céchi Road (Côte d’Ivoire), and Kaleta Hydropower Station (Guinea).
Standing at the forefront of smart grid and energy management, Shenglong Electric is leveraging its tremendous in-house technological expertise and cooperating with top-notch domestic universities so as to cut carbon emissions for mankind and add value to each kilowatt-hour of electricity.
Hashtag: #ShenglongElectric
The issuer is solely responsible for the content of this announcement.
Media OutReach
PolyU establishes Otto Poon Research Institute for Climate-Resilient Infrastructure with support from Otto Poon Charitable Foundation
Driving innovative solutions to tackle climate change and extreme weather challenges
HONG KONG SAR – Media OutReach Newswire – 2 April 2025 – The Hong Kong Polytechnic University (PolyU) has established the Otto Poon Research Institute for Climate-Resilient Infrastructure (RICRI), a pioneering strategic research institute focused on global climate change, with the staunch support of the Otto Poon Charitable Foundation. The Research Institute aims to be a global leader in the research and development of resilient and sustainable solutions for urban areas and rural communities to mitigate the challenges brought about by global climate change. PolyU held an Opening Ceremony and Forum today at Hotel ICON that drew nearly 300 participants, including faculty members, students and industry experts.
RICRI brings together a distinguished collaborative network of renowned experts from Mainland institutions including Tsinghua University, Nanjing University and Beijing Normal University, alongside Hong Kong government departments and industry partners. The Research Institute will serve as an interdisciplinary research platform to build an effective and integrated scientific think-tank, aiming to foster deep integration across government, industry, academia and research for the advancement and application of sustainable development in Hong Kong, the Nation and the world.
In his welcoming remarks, Prof. Jin-Guang TENG, President of PolyU, said, “The establishment of RICRI represents a landmark milestone in PolyU’s endeavour to address the urgent realities of climate change. This visionary initiative has been made possible through the generous support of the Otto Poon Charitable Foundation, and we are deeply grateful to Dr Otto Poon for his strong support and commitment to advancing research and innovation in climate resilience. Dr Poon is an outstanding alumnus of PolyU, a University Fellow, and has been a long-standing supporter of PolyU’s development, empowering our University to make significant contributions for the betterment of society.”
Ir Dr Otto POON, Founder of the Otto Poon Charitable Foundation and PolyU University Fellow, said during the ceremony, “Climate change is becoming an increasingly severe global challenge. All sectors of society must work together to enhance infrastructure resilience through scientific research and innovative technologies. I am pleased to support the establishment of RICRI and hope it will become a world-leading research centre for climate-adaptive resilient infrastructure in both urban and suburban areas, the promotion of innovation, exchange of policy development, and establishment of guidelines, standards and good practices of infrastructures for Hong Kong, the Nation and the global community.”
Speaking at the event, Mr TSE Chin-wan, the Secretary for Environment and Ecology, outlined the Government’s strategies and measures to achieve carbon neutrality by 2050, along with efforts to enhance climate adaptation and resilience. He also highlighted advancements in green technology and finance. He said, “Building a climate-resilient city is important—not only for protecting our properties but also our lives. As we celebrate the establishment of RICRI, let us work together to build a climate-resilient Hong Kong and a new ecological civilisation for us and our children.”
RICRI is led by Prof. Xiang-dong LI, PolyU Dean of the Faculty of Construction and Environment, Chair Professor of Environmental Science and Technology, and Ko Jan Ming Professor in Sustainable Urban Development. The Institute focuses on four key research areas: climate change and extreme weather; urban infrastructure and resilience; rural community and disaster mitigation; climate-resilient policy and implementation.
The forum held alongside the inauguration explored a wide range of topics, including: monitoring and prediction of extreme climate events in Hong Kong and surrounding regions; monitoring and adaptation of civil infrastructure towards resilience; urban resilience enhancement for energy-building-transport-water sector synergization toolbox; nature-based solutions for urban infrastructure resilience and water disaster management; resilience of rural infrastructure and communities to climate change; and intelligent platform and toolbox for urban infrastructure resilience.
In support of the University’s research endeavours in the areas of smart city and sustainable energy, the Otto Poon Charitable Foundation has in recent years contributed to the establishment of two research institutes at the University — the Otto Poon Charitable Foundation Smart Cities Research Institute (SCRI) and the Otto Poon Charitable Foundation Research Institute for Smart Energy (RISE) — as well as two endowed professorships for related disciplines. The establishment of RICRI further strengthens PolyU’s research capabilities in climate adaptation and infrastructure resilience, advancing the pursuit of sustainable development.
RICRI will offer research schemes and funding support in the field of climate-resilient infrastructure, including the Climate-Resilient Infrastructure Distinguished Lecture Series (CRIDLS), the Climate-Resilient Infrastructure Fellowship (CRIF) and the Climate-Resilient Infrastructure Research Scheme (CRIRS).
Hashtag: #PolyU #Climate-ResilientInfrastructure #GlobalWarming #ClimateChange #research #sustainablility
The issuer is solely responsible for the content of this announcement.
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