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Covation Launches BATCH Flagship Store in Zhejiang Offering Complete Family Cycling Solutions
Building a Lifecycle Cycling Ecosystem: Comprehensive Solutions for Every Rider. The BATCH Ningbo flagship store operates under a direct retail model, integrating a branding showcase, product experience, professional services, and after-sales support. It offers riders a comprehensive solution from initial discovery and bike selection to joining cycling communities. The Ningbo store’s product range covers the complete user lifecycle, including children’s bikes, mountain bikes, and road bikes. The store has also introduced HUFFY, Covation’s century-old children’s bicycle brand, further enriching its family cycling portfolio. HUFFY, a household name overseas, revolutionized the children’s bicycle market by inventing training wheels in 1949, significantly enhancing children’s riding safety and setting a new global standard for children’s bikes.
On the grand opening of the BATCH Ningbo Flagship Store, the Chairman of COVATION, Bailey Liu stated,” Since the opening of the BATCH Suzhou Flagship Store, within just 30 days, we have opened the second flagship store in the Jiangsu-Zhejiang-Shanghai region. The opening of the Ningbo Flagship Store is not merely about opening another new store; it signifies COVATION’s commitment and actions in promoting cycling culture. From Suzhou to Ningbo, we will continue to strive to bring high-quality products and services to customers in more cities. At the same time, we aim to further expand and develop in the Jiangsu-Zhejiang-Shanghai region, enabling more consumers to enjoy BATCH’s premium products and services. President and CEO of United Wheels Inc. (a wholly owned subsidiary of Covation) Bruno Maier stated: “We are a century-old global brand dedicated to cycling. HUFFY and BATCH play a crucial role in our global business strategy. We will continue opening stores in different regions of China, and we believe that the BATCH bicycle direct retail store model will fuel our growth in China. We believe our products will be well-received by Chinese consumers and provide them with a sustainable and healthy mode of transportation.”
Covation is a Hong Kong-headquartered vertically integrated holding company, specializing in the research, development, manufacturing, and global operations of cycling and outdoor brands, driven by manufacturing excellence. The Group owns multiple outdoor cycling brands, including Huffy, Batch, Niner, VAAST, Buzz, and Green Machine. Currently, its business serves millions of consumers across more than 50 countries and regions worldwide.
Digital Factory Transformation Drives Growth in Volume and Quality. Since their inception, Covation’s brands including BATCH and HUFFY have consistently delivered diverse, high-quality products to consumers supported by Covation Group’s global manufacturing network. The Group’s manufacturing division FuturuX, dedicated to bicycle manufacturing, operates four major production bases in Ningbo (Zhejiang), Jurong (Jiangsu), Cambodia, and Vietnam. These facilities produce a comprehensive range of products from balance bikes and bicycles to E-bikes, with a maximum annual production capacity of 11 million units. Paul Zhang, Vice President of Production Operations at FuturuX, stated: “Our industry-leading intelligent equipment, production efficiency, global manufacturing network, and rigorous quality control system enables us to complete bicycle production with guaranteed quality.” FuturuX pioneered the intelligent and digital transformation of bicycle manufacturing, upgrading traditional production lines to MCU (Mini Cell Unit) production systems. These integrate laser cutting, automated processing, robotic welding and robotic painting. This transformation has achieved a 20% increase in overall efficiency while reducing workforce requirements by 30%. While advancing digital transformation to enhance productivity, FuturuX maintains its unwavering commitment to quality. In partnership with ACT International Testing Institute, FuturuX operates an independent testing laboratory within its facilities. This lab conducts over 50 ISO standard bicycle tests, including salt spray testing, fatigue testing, and static load testing.
Where Aesthetics Meets Technology, leading the Smart Cycling Revolution. Covation – a name that merges “Collaboration” and “Innovation” – continues to revolutionize cycling through technology-driven design. The company’s commitment to innovation is exemplified by BATCH’s new R2 road bike, recipient of the 2025 Red Dot Concept Design Award. The R2 represents a breakthrough in smart cycling technology, featuring an integrated handlebar display system for real-time performance monitoring. Combined with its super magnesium alloy wheelset, the R2 achieves both lightweight performance and smart functionality – a combination previously unseen in traditional road bikes. This revolutionary smart system will be available worldwide this year, marking a new chapter in cycling innovation.
Looking Forward, guided by its mission to “become the world’s best wheeled products company,” Covation remains committed to excellence on multiple fronts. In manufacturing, FuturuX will continue its digital and intelligent upgrade, enhancing production efficiency to deliver superior wheeled products. On the brand front, anchored by diverse brands like BATCH and HUFFY, along with flagship stores across three locations, Covation provides comprehensive cycling solutions covering the entire lifecycle of our customers’ needs.
Hashtag: #Covation
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About Covation Holdings Limited
Covation Holdings Limited (“Covation”) is a vertically integrated holding company headquartered in Hong Kong, specializing in the research, development, manufacturing, and global operations of cycling and outdoor brands, as well as excellence in manufacturing. As a world-leading manufacturer and assembler of bicycles and components, the company operates modern smart manufacturing facilities in China, Cambodia and Vietnam. Leveraging its vertically integrated supply chain advantages and rigorous quality control system, Covation has established an efficient operational network with strategic branches across the United States, Mexico, Canada, the United Kingdom, European Union, Hong Kong, and China, consistently delivering exceptional products to global customers.
Covation’s portfolio encompasses internationally renowned outdoor sports brands, including Huffy, Batch, Niner, VAAST, Buzz, and Green Machine. The company maintains extensive licensing partnerships with world-class partners such as Disney, Marvel, Lucasfilm, Ford, and Nickelodeon.
Air Corporate data reveals 9 in 10 founders incorporated in Hong Kong do so remotely, driven by a 20% surge in Middle Eastern entrepreneurs seeking cost-effective operational alternatives to Dubai.
HONG KONG SAR – Media OutReach Newswire – 15 May 2026 – Air Corporate registered a 40.5% increase in Hong Kong incorporations in 2025, with the first quarter of 2026 already up 48% year-over-year. This data indicates that Hong Kong is reasserting itself as the leading Asian jurisdiction for company formation, fueled by a new wave of remote founders from the Middle East, North Africa, and Europe.
The prevailing narrative over the past five years suggested that Singapore was eclipsing Hong Kong; however, recent incorporation volumes challenge this. According to city-wide official figures cited by Vivian, Founder of Air Corporate, approximately 195,000 companies were registered in Hong Kong in 2025, compared to around 77,000 in Singapore.
“There was a lot of fuss about Singapore taking over Hong Kong as preferred jurisdiction over the last few years, but for 2025 alone, around 195,000 companies were formed in HK, vs around 77,000 for Singapore,” said Vivian. While city-wide registrations rose roughly 35% in 2025, incorporations at Air Corporate specifically grew by 40.5%. Vivian added, “With a 35% increase in the number of companies registered in 2025, Hong Kong is definitely back in the game as the top jurisdiction to start a company.”
The reality of Hong Kong company formation is increasingly global, lean, and founder-led. Nine in ten founders incorporated in Hong Kong with Air Corporate do not live there.
Key demographic and operational insights from Air Corporate’s client base include:
- Approximately 90% of founders operate remotely from abroad, while 10% or less are based in Hong Kong.
- Entrepreneurs aged 35 to 44 represent the largest age cohort at 38%, demonstrating that Hong Kong attracts founders in their prime career years rather than just younger digital nomads.
- Serial entrepreneurs make up 60% of Air Corporate’s client mix, utilizing Hong Kong as an operational base for multiple companies, while first-time founders account for the remaining 40%.
- A total of 89% of new companies are launched by solo founders (58%) or small teams of two to five individuals (31%).
- Mainland China, Hong Kong, Turkey, India, the UAE, Australia, France, and Morocco rank among the top source markets for these founders.
Furthermore, 73% of new Hong Kong incorporations are directly tied to physical goods trade with China. This consists of e-commerce and dropshipping businesses (38%) and the trading of goods (35%). The recovery of in-person trade flows, including events, such as the Canton Fair and various industrial fairs, is pulling foreign founders back into the Greater China orbit and establishing Hong Kong as the natural entry point and financial layer over the world’s largest manufacturing base.
Air Corporate’s data recorded a 20% year-over-year growth in founders originating from the Middle East. This shift highlights a reverse migration where founders previously incorporated in Dubai are now choosing Hong Kong. Based on Vivian’s observations, founders often arrive in Dubai expecting fast incorporation and low costs, but discover that incorporation and maintenance are significantly more expensive than in Hong Kong, and banking remains difficult. Consequently, many founders move to Hong Kong after 12 to 24 months in the UAE, a trend accelerated by the Hong Kong government’s strategic outreach to the region.
For lean, remote-first businesses, speed-to-market is a critical factor. A founder located anywhere in the world can incorporate in Hong Kong and open a working bank account in approximately 7 days using digital banking partners. Currently, 90% of Air Corporate’s clients utilize these digital banking partners.
“Hong Kong and Singapore are the only places in Asia where you can set up your company, get a corporate account, and be in business in less than a week,” concluded Vivian.
Air Corporate is a service provider facilitating company formation and incorporation in Hong Kong for serial entrepreneurs, first-time founders, and remote-first business owners operating globally.
Media Inquiries
To learn more about Hong Kong company formation, visit Air Corporate’s website or contact their team directly.
Hashtag: #AirCorporate
The issuer is solely responsible for the content of this announcement.
Media OutReach
Natural Diamonds Sparkle on The Red Carpet at The 2026 Met Gala Celebrating “Costume Art”
Today’s biggest stars express individuality and confidence with natural diamonds
NEW YORK, US – Media OutReach Newswire – 15 May 2026 – The 2026 Met Gala celebrating “Costume Art” took place May 4th at the Metropolitan Museum of Art in New York City, bringing together leading figures from across the globe for an unforgettable evening. These tastemakers showcased the most classic, refined and distinctive diamond jewelry looks of the season. Below, A Diamond is Forever highlights the standout trends from the event.
Desert diamonds
Desert diamonds emerged as a striking throughline on the Met Gala carpet, with a range of hues in distinctive settings taking focus.
Rihanna led the trend in a pair of exceptionally rare old Moghul Golconda fancy brown-yellow diamond earrings by Glenn Spiro, featuring two pear-shaped natural diamonds totaling 51.9 carats. Doja Cat offset her all nude look with a pair of large Leviev Diamonds floral-shaped earrings while Paloma Elsesser made a statement in a 29.5-carat diamond necklace by Bernard James, centered around a 15-carat fancy light yellow pear-shaped natural diamond. Cara Delevingne wore a De Beers London Forces of Nature High Jewelry ring, featuring marquise yellow diamonds set as eyes, while Emma Chamberlain opted for yellow and white diamond earrings by Chopard, underscoring the continued allure of warm diamond hues.
Magnificent Diamond Earrings
A wide variety of captivating silhouettes defined the natural diamond earrings on the Met Gala carpet. Zoë Kravitz delivered a modern twist with oversized diamond flower earrings by Jessica McCormack. Chase Sui Wonders opted for Jean Schlumberger by Tiffany & Co. Sea Fan earrings, bringing an element of sculptural artistry to the look. Gracie Abrams selected gently dangling Chanel earrings, adding understated fluidity, while Connor Storrie selected simple hoop earrings from Tiffany & Co., reinforcing the clean and enduring appeal of natural diamonds.
Standout Diamond Moments
Natural diamonds appeared in personal, unconventional and eye-catching ways, offering moments of surprise and awe. Power couple Beyoncé and Jay-Z embodied this trend with Beyoncé wearing Chopard’s Queen of Kalahari necklace, named after the rare 342-carat diamond that provided 23 stones for Chopard’s Garden of Kalahari collection. Jay-Z contributed to the narrative with a vintage diamond brooch by Briony Raymond worn at the collar as an unexpected placement that underscored the piece’s versatility. Isha Ambani made the styling of diamonds an art form in itself, wearing her own diamond jewelry featuring approximately 150 carats of old mine-cut diamonds, including a three-strand necklace and chandelier earrings, while also incorporating diamonds sewn directly into the bodice of her sari to represent significant moments in her life.
Together, these looks highlighted a shift toward natural diamonds as vessels of personal expression, styled with intention, individuality, and a sense of the unexpected.
Hashtag: #MetGala #RedCarpet #ADiamondisForever #NaturalDiamonds #Diamonds
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Turn Your Savings into a Front-Row Experience: HL Bank Singapore Offers Exclusive Passes to AsiaTop Music Festival 2026
The premier music festival will play host to 16 K-pop, regional and Malaysian stars including, in performance order: Day 1 – NexT1DE, Aina Abdul, Belle Sisoski, Win Metawin, NMIXX, WINNER, DAESUNG, KUN. Day 2 – Uriah See, Firdhaus, Butterbear, 82MAJOR, STAYC, CRAVITY, TWS, CxM
SINGAPORE – Media OutReach Newswire – 14 May 2026 – Your next major K-pop experience is just a savings goal away as HL Bank Singapore (“HLB Singapore”) bridges the gap between financial wellness and the front row. In an exclusive collaboration designed for the ultimate music enthusiast, the bank is offering fans the chance to secure a pair of sought-after AsiaTop Music Festival 2026 tickets, valued at up to RM1,098 (approx. S$355), simply by growing their wealth.
This unique initiative stems from the regional synergy between Hong Leong Bank (“HLB”) and Tencent Music Entertainment Group (JOOX and QQ Music). By aligning with Visit Malaysia Year and Visit Selangor Year 2026, HLB is transforming the traditional banking experience into a gateway for premium entertainment. Scheduled for 30 and 31 May 2026 at the iconic Sepang International Circuit, the festival promises a high-octane weekend featuring an elite lineup of Asian superstars, including the largest K-pop showcase in the ASEAN region.
Securing a spot at the heart of the action has been streamlined through the iSavings Reward Campaign, running from 9 May 2026 to 18 May 2026. To participate, fans first decide on their preferred festival experience, selecting either a pair of Standard Passes with a S$5,000 deposit or the high-energy, nearer-to-the-stars Rockzone Passes with a S$8,282 deposit for their chosen day.
Once a tier is selected, customers can register by depositing the qualifying funds into an iSavings account via FAST or Links transfer. To validate their entry, customers must include the specific Comment Code, such as PALLIR1 for Day 1 Rockzone, within the funds transfer description. The qualifying balance must be maintained within the account for a six-month (182 days) earmarked period.
With only 88 pairs of tickets available for this exclusive campaign, the stakes are high. Allocation is limited to 22 pairs per day for each ticket category and will be awarded strictly on a first-come, first-served basis. Fans are encouraged to act quickly to ensure their savings work as hard as they do while securing a premier seat at the musical event of the year.
For full terms & conditions, and further details, please visit: www.hlbank.com.sg/AsiaTop2026
Hashtag: #HLBankSingapore
The issuer is solely responsible for the content of this announcement.
HL Bank Singapore
HL Bank Singapore is the Singapore branch of Hong Leong Bank Berhad, a leading digital-centric Malaysia-based financial services institution with a rooted heritage in the country spanning over 120 years. Operating under a Full Bank Licence in Singapore, HL Bank offers a comprehensive range of financial services to our business, retail and high networth customers through our 4 core business segments – Business & Corporate Banking, Personal Financial Services, Private Wealth Management and Global Markets.
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