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HGC Embarks on Strategic Transformation to Harness AI and Digital Opportunities
Transformation strengthens its structure to accelerate innovation and market agility
HONG KONG SAR – Media OutReach Newswire – 25 November 2025 – HGC Global Communications (“HGC” or the “Group”), today announced a strategic transformation designed to capture new opportunities in an AI-driven, digital-first economy. As markets atmosphere gradually turn positive and technology accelerates change, this evolution positions the Group to lead by unlocking new business models, enhancing customer experiences, and driving sustainable growth through innovation and market expansion.
Building on its robust telecommunications infrastructure and integrating advanced digital solutions, HGC is leveraging emerging trends such as artificial intelligence, cloud technologies, and data-driven platforms to maximize operational synergy and drive sustainable growth. This initiative reaffirms HGC’s commitment to innovation while fortifying its five core business segments — Corporate and Enterprise Business, Consumer Market, Local Carrier, International Business, and ICT Business.
Andrew Kwok, Chief Executive Officer of HGC, said, “This strategic transformation underscores HGC’s commitment to harnessing the AI boom and the accelerating wave of digitalization at a time when markets are showing some positive signs. We are not just adapting to change — we are participating in shaping and contributing to what lies ahead. To drive this transformation forward, we have appointed experienced leaders to key roles. I warmly congratulate to them on their new responsibilities — their proven expertise and innovative mindset will accelerate our journey, enhance collaboration both internally and externally, and ensure we seize new opportunities in this exciting era of growth. This strategic transformation reflects detailed planning and collaborative brainstorming, giving us confidence to move forward stronger as we embrace fresh opportunities and continued growth.”
Daniel Chung — Expanded Role in Technical and Carrier Business
Daniel Chung will assume the role of Chief Technical Officer and Executive Vice President – Carrier Business, effective January 1, 2026. In his expanded role, Daniel will lead the local Engineering & Operations and Information Technology teams while continuing to drive the Carrier Business. This strategic alignment reinforces HGC’s operational and technical leadership across the organization. With over 30 years of experience in the telecommunications industry, Daniel brings a proven track record of success and innovation. His deep expertise and strong influence in the industry will enable him to foster synergy and further strengthen HGC’s technological competitive advantage.
Rainbow Wong — Elevating Synergy Across Corporate & Enterprise Business
Rainbow Wong is appointed Chief Commercial Officer – Corporate and Enterprise Business as part of a major overhaul of HGC’s commercial operations, effective January 1, 2026. With over 25 years in Telecommunications & ICT industry, Rainbow has been instrumental in driving corporate market development and building strong customer and partner relationships. In her expanded role, Rainbow will continue to support corporate digitalization while addressing the rising demand from enterprise customers. Leveraging her deep experience in the corporate segment, she will strengthen synergy across Corporate and Enterprise teams to deliver integrated, customer-focused solutions that accelerate the transformation as to unlock new opportunities and align closely with evolving market needs.
Ben Wu – Driving Consumer Market Growth and Expanding Call Center Business
Ben Wu is appointed Chief Commercial Officer – Consumer & Mass Market, focusing on strengthening HGC’s consumer segment while further enhance the call center business to capture different market demand, effective January 1, 2026. In his new role, Ben will enhance call center capabilities to improve customer experience and support operations, while also offering digitalized call center services as a commercial solution for clients. He will further drive consumer market growth through innovative offerings and deeper customer engagement.
Argon Ho – Lead ICT Business, Solutions & Product
Argon Ho, Chief Commercial Officer – Group ICT Business, will assume leadership of ICT Business, Solutions & Product, and expand his role to outside Hong Kong’s market. Argon has over 30 years of experience in ICT, making him a recognized leader in global technology market. He is highly regarded for his expertise in strategic planning, data governance, cybersecurity, and enterprise solutions. Agron will enhance the technological partnership and business model around the global markets. He will continue to deepen the vertical expansion of mega size project and further enhance horizontal ICT spread-out in all sectors.
Cliff Tam and Ravindran Mahalingam – Continue to Expand Global Digital Infrastructure and Drive Expansion into Southeast Asia
HGC accelerates its international growth strategy by enhancing its traditional international business and deepening its presence in Southeast Asia. Cliff spearheads the transformation of traditional international business, driving growth in carrier business, wholesale and international enterprise segments. At the same time, Ravindran focuses on expanding HGC’s global reach in the Southeast Asia in-country infrastructure and share network business model. The above strategy positions Hong Kong as an international telco and ICT hub and further strengthens its role as a bridge connecting the global telecommunications arena across different countries.
At this juncture, the company would also like to extends its sincere appreciation to two senior management members, Lee Kwan and Alvin Wong, who have reached retirement age. The company acknowledges their outstanding contributions and leadership over the years and wishes them continued success and fulfillment as they embark on a new chapter.
Hashtag: #HGC
The issuer is solely responsible for the content of this announcement.
HGC Global Communications Limited (HGC)
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CG Capital, the Leader in Branded Residences in Thailand, Marks Milestone Success for InterContinental Residences Bangkok Asoke Amid Global Economic Uncertainty
Reaffirming Thailand’s status as a world destination for the luxury residences market
Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, said that despite a difficult global economic backdrop, marked by slowing markets, geopolitical conflict, and volatility in traditional capital markets, CG Capital sees Thailand’s luxury real estate market moving in the opposite direction. Driving this is a major shift in the behaviour of the world’s wealthiest individuals: a wave of global wealth migration. Data from Henley & Partners shows the number of high-net-worth individuals (HNWIs) relocating globally has surged from 51,000 in 2013 to 142,000 in 2025, a 178% increase over 12 years.
“Global markets are slowing down, but Thailand is holding its position as a world destination. Demand from HNWI buyers, both Thai and international, hasn’t dropped off. If anything, these buyers have become more selective about the assets they choose. That tracks with what we’re seeing from Thailand’s Board of Investment, which has approved Long-Term Resident visas for more than 6,000 wealthy global citizens since 2022. Thailand isn’t just a tourism destination anymore. It’s become a place HNWIs choose for long-term residence and investment,” said Mr. Phoom.
Claiming the Asian Crown: The “Right Brand, Right Partners, Right Product” Strategy
Rising demand for high-end residences has pushed CG Capital’s investment strategy toward branded residences, the fastest-growing segment of the market. Thailand currently holds the largest market share of branded residences in Asia at 23.3% of the region’s USD 26.6 billion total market value, ahead of the Philippines (17.3%) and South Korea (11.6%). CBRE’s Global Branded Residences report ranks Thailand 4th in the world by number of projects, with Bangkok and Phuket sitting among the world’s top 10.
Mr. Phoom Chirathivat added:”The success of InterContinental Residences Bangkok Asoke comes down to understanding global trends. What sets us apart is ‘Right Brand, Right Partners, Right Product,’ paired with Bangkok’s best location, Sukhumvit. We’re not chasing a trend. We’re reading the market and building on the long-term confidence we have in this country.”
From Private Equity DNA to World-Class Product Development
What sets CG Capital apart, as the largest private equity fund manager in Thailand’s real estate and hospitality sector, is the way it applies institutional investment thinking to every part of development. Long-term asset value gets weighed through two lenses at once: capital appreciation and living experience.
CG Capital’s Next Steps and the Official Sales Gallery Launch
Looking ahead, Mr. Phoom said CG Capital will keep pursuing new investment opportunities in the hospitality segment, setting new standards for Thailand’s real estate industry. “Reservations above 60% so far are a clear vote of confidence in CG Capital. Now that the sales gallery is open to the public, we’re confident the design and craftsmanship on display will help the project move quickly toward its sales target, further cementing CG Capital’s position as Thailand’s leading branded residences developer,” he said.
InterContinental Residences Bangkok Asoke welcomes visitors to view show units at the sales gallery from 4–5 July onward. Interested parties may schedule an exclusive private appointment via https://residencesasoke.com/
or Tel: 092-989-2616
Expanding the Reach: Bringing the Project to International Buyers
Alongside the sales gallery opening in Bangkok, CG Capital continues to take InterContinental Residences Bangkok Asoke directly to international buyers. The project will next be featured at “Thailand: A New Chapter Begins,” an exclusive showcase hosted by CBRE Thailand in collaboration with Taiwan Sotheby’s International Realty in Taipei on 3 – 4 July 2026, from 1:30 p.m. – 5:00 p.m. at W Taipei (Strategy Room 1).
Taiwan is a market CG Capital sees as a promising source of long-term residence demand. According to CBRE Thailand and Real Estate Information Center (REIC), Taiwanese buyers now rank as the fourth-largest group of foreign buyers in Thai property market, with transaction value growing an average of 27% a year between 2023 and 2025. Thailand’s appeal to this group comes down to geographic proximity, competitive entry pricing, and a lifestyle suited to long-stay living.
For CG Capital, the event is also a chance to read first-hand how Taiwanese HNWIs are thinking about long-term residence and investment in Thailand. Interested parties in Taiwan may get in touch, please contact Taiwan Sotheby’s International Realty 0800.887.288 (Taiwan) or CBRE Thailand +66(0) 81 742 6624 (Thailand).
Hashtag: #CGCapital #InterContinentalResidencesBangkokAsoke
https://centralgroupcapital.com/
https://www.facebook.com/Centralgroupcapital/
The issuer is solely responsible for the content of this announcement.
About CG Capital
CG Capital Advisory Limited manages private equity investments for blue-chip domestic and international institutional and UHNW investors with an inaugural fund size of THB 10 billion, investing primarily in Thailand’s hospitality, tourism, and real estate sectors through greenfield, brownfield, and turnaround strategies. Its diversified portfolio includes hotels, branded residences, condominiums, amusement and water parks, and mixed-use developments, focusing on Thailand’s leading travel destinations such as Bangkok, Phuket, Koh Samui, and Pattaya.
Led by Mr. Phoom Chirathivat, Managing Partner and Co-Founder of CG Capital, the firm combines deep expertise in investment and hospitality with a strong conviction in Thailand’s tourism potential—particularly within the luxury and lifestyle segments.
Legal disclaimer
Sixteen Residences Limited, being the current owner and developer of InterContinental Residences Bangkok Asoke, is solely responsible for the development, marketing, and sale of the Units. The Units are not owned, developed or sold by InterContinental Hotels Group PLC or its affiliates (collectively “IHG”). There exists no joint venture, partnership, ownership or similar relationship between Sixteen Residences Limited and IHG. IHG is not responsible for the content presented in this press release.
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World’s First Commercial Multimodal LLM for Cultural Tourism Enters Broad Application
Xi’an is one of China’s oldest cities and one of its most popular international tourist destinations. Shaanxi Culture Industry Investment Group (SCG) is working with partners like Huawei, China Telecom Shaanxi, and China West Airport Group (CWAG) to promote cultural tourism using digital technologies including AI and 5G-A.For example, BoGuan is used to support a new AI travel companion agent that had been made available to over 4 million users by March of this year.
In September 2025, SCG and Huawei unveiled the BoGuan Large Model, the world’s first commercial multimodal LLM for cultural tourism. It is also China’s first industry-specific model dedicated to the preservation of cultural heritage. This model is built on intelligent computing infrastructure and a high-quality dataset. The dataset has over 1.2 PB of data, including 31 million images, 4.4 million minutes of video footage, 2.18 million minutes of audio recordings, 510 3D models, and 960 million pieces of structured text.
BoGuan can generate highly-accurate multimodal content, such as museum-quality content about cultural relics. This allows it to support the creation of new digital relic presentations, the digitalization and preservation of traditional craftsmanship, and the creation of digital IP for intangible cultural heritage. Zhang Beiyuan, a dough sculpture artisan, said, “With this model, I can complete a dough sculpture that used to take two or three months in less than a week.” BoGuan is also used to create digital IP like the popular cartoon character Tang Biaobiao, which is designed by integrating local cultural heritage elements with the stone carvings of the Six Steeds of Zhao Mausoleum. The sales of related digital collectibles and creative products have exceeded CNY2 million.
In addition to supporting cultural heritage preservation, BoGuan has been used to develop a range of cultural tourism apps, such as AI photography and AI travel companion agent. Visitors can directly talk with this agent on the GO-SHAANXI app to create and adjust travel itineraries and get real-time performance recommendations at attractions. The Zhiying Camera mini program provides paid services that instantly integrate user photos with AI-generated scenes from history, allowing visitors to “travel back to ancient times.” These new consumption options unlock the business value of quality cultural tourism data. Furthermore, SCG is using BoGuan to integrate short drama production with cultural tourism and improve production efficiency and quality in Xi’an, a renowned short drama hub.
Additionally, China Telecom Shaanxi and Huawei have deployed a 5G-A network based on three component carrier aggregation (3CC) technology at Xi’an’s Grand Tang Mall, a popular tourist attraction. The network delivers peak uplink and downlink rates of 600 Mbps and 3.5 Gbps, respectively, about 10 times faster than common 5G networks. During the 2026 May Day holiday, this network supported concurrent access for 23,000 users, guaranteeing smooth video watching and social media experiences. Furthermore, 5G-A-powered HD live streaming at the Grand Tang Mall has become an important way for the attraction to bring in new visitors. According to public data, the average user dwell time of these live streams has nearly doubled and the average transaction value has increased by 62%.
Edric Chu, General Manager of Huawei’s Shaanxi Rep Office, said, “Artificial intelligence is not simply a stack of technologies. It has become a key enabler that can activate thousands of years of cultural heritage, reshape travel experiences, and inject new momentum into the industry. Moving forward, Huawei will continue working with our partners to enhance cultural heritage preservation with digital and intelligent technologies, and stimulate development within the cultural tourism industry.”
Hashtag: #Huawei
The issuer is solely responsible for the content of this announcement.
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