Connect with us

Technology

Longbridge Group Singapore Secures Additional USD $100 Million in Funding, Achieves Profitability and Accelerates Global Expansion of Its “Securities + Technology” Business Model

Published

on

HONG KONG, June 28, 2024 /PRNewswire/ — Longbridge Group Singapore announced that it had secured over USD $100 million in additional funding from various investment institutions, including Singaporean consortia, following its Pre-A round. To date, Longbridge Group has accumulated over USD $150 million in total financing. Leveraging its leading practices in “Finance + Internet Technology,” Longbridge Group has rapidly developed in the Hong Kong and Singapore markets in recent years and has now achieved overall profitability. With this new funding, Longbridge Group plans to accelerate its global market expansion, focusing on Singapore and Hong Kong markets and extending its reach to Asia-Pacific, Europe, the Americas, and the Middle East.

In May 2021, Longbridge Group received USD $50 million in Pre-A round financing from institutions, including PhillipCapital (Singapore). Originally established and headquartered in Singapore, Longbridge Group has obtained over 21 financial compliance licenses and qualifications across Singapore, Hong Kong, the United States, and New Zealand. In 2022, it launched technology solutions for brokers in the Hong Kong market, establishing a dual business model driven by “Securities + Technology.” At present, Longbridge Group has achieved overall profitability, with its securities business experiencing exponential growth. Its technology business has captured 16% of the market share in Hong Kong within 2 years, setting a growth record in the fintech industry.

In the financial industry, securities represent a more specialized and complex segment with significant upfront investments and low technology penetration. Longbridge Group identified opportunities in the global securities market and, with persistent shareholder support, succeeded through its dual business model of “Securities + Technology.” The additional investment will be used to continue building global trading infrastructure and networks, improving the securities trading experience, and accelerating global market expansion.

Longbridge Group’s securities business—”Longbridge,” offers high-quality products at affordable prices, enabling more users to benefit from the intelligence and convenience of technology. Since its launch, it has been well-received by global investors, becoming the fastest internet broker to enter the Top 100 in trading volume on the Hong Kong Stock Exchange, with an annual trading volume exceeding USD $200 billion. It is also one of the fastest internet brokers to enter the top 100 free financial apps on the App Store in Singapore. As a leading internet broker, Longbridge is dedicated to providing global investors with a one-stop investment service across the markets of Hong Kong, the US, and Singapore, supporting various financial products including stocks, US stock options, warrants, ETFs, REITs, and funds. With the implementation of the finance industry’s first large language model (LLM) application, “PortAI,” investors are equipped with more cutting-edge and advanced AI tools, making it the best global investment platform.

Longbridge Group’s technology business, “Longbridge Whale,” has gained favor among numerous brokers in Asia with its “Securities as a Service” concept. By 2024, it had secured over 80 broker clients across Hong Kong, Macau, Singapore, and Thailand, successfully delivering and launching trading systems for more than 60 brokers. This growth strategy enabled it to rapidly expand and achieve a 16% market share in Hong Kong. Longbridge Whale’s new-generation trading solutions help brokers reduce costs while significantly enhancing user experience and business competitiveness, aiding them in navigating technological upgrades. With its leading fintech practices, Longbridge Whale has been recognized by prestigious financial media, winning the “Triple A Digital Awards” from The Asset in 2023 and the “Best Wealth Management Technology Practice” award from The Asian Banker in 2024.

Founded in March 2019 by a team of senior financial experts from the U.S., Singapore, and Hong Kong, and technology experts from top global internet companies, Longbridge Group has a bold mission to build global trading infrastructure and networks, becoming a leader in fintech innovation worldwide. Currently, Longbridge Group has offices in nine locations globally, including Singapore, Hong Kong, the US, New Zealand, and Thailand, with nearly 400 employees, 60% of whom are top tech R&D talents from global internet companies. Longbridge Group aspires to bring revolutionary technology and concepts to the securities industry, drive the industry’s digital transformation, and provide leading fintech capabilities and the best investment platform experience to global investors and financial institutions.

View original content:https://www.prnewswire.com/apac/news-releases/longbridge-group-singapore-secures-additional-usd-100-million-in-funding-achieves-profitability-and-accelerates-global-expansion-of-its-securities–technology-business-model-302185621.html

SOURCE Longbridge

Continue Reading

Technology

2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

Published

on

By

GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/2026-canton-fair-design-award-winners-showcase-chinas-innovation-strength-302911954.html

SOURCE Canton Fair

Continue Reading

Technology

InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

Published

on

By

First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

View original content to download multimedia:https://www.prnewswire.com/news-releases/instamall-launches-same-day-fashion-delivery-experience-bringing-80-brands-to-shoppers-doors-in-miami-302911889.html

SOURCE InstaMall

Continue Reading

Technology

PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

Published

on

By

BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ptc-to-announce-fourth-fiscal-quarter-and-full-year-2026-results-on-wednesday-november-4-2026-302912229.html

SOURCE PTC Inc.

Continue Reading

Trending