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Tencent Cloud Completes Airstar Bank’s Full Migration to the Cloud to Create a More Agile Digital Bank

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HONG KONG, April 25, 2025 /PRNewswire/ — Migrating to the Cloud is quickly becoming an industry standard for the financial industry as it enables institutions to achieve greater performance, digital capabilities, operational efficiencies and cost management. Tencent Cloud, the cloud business of global technology company Tencent, today announced it has helped Hong Kong’s Airstar Bank to successfully migrate its entire operations onto the Cloud, to facilitate more agility for their digital bank services and operations. Airstar Bank has been operating steadily on the cloud for over 100 days, witnessing significant improvements to the greater speed, stability and security that they are able to provide to their digital banking customers.

Airstar Bank is one of the first digital banks to be granted a banking license in Hong Kong and it continues to grow in market presence today. This has placed significant technological demands on Airstar Bank, as it needs to scale up quickly while balancing the high costs and resources that are required to support its growing operations.

In December 2023, Airstar Bank partnered with Tencent Cloud to initiate its cloud business migration plan, which will see all aspects of its business operations housed on the cloud. Tencent Cloud drew from its own extensive experience in cloud migration, formulating detailed technical plans and migration strategies to ensure a safe, smooth, and efficient transition to the cloud, while adhering to strict industry regulations and standards at all times.

Liming Hu, Vice President of Tencent Cloud, said: “Migrating to the cloud is the optimal solution for the digital transformation of the financial industry, and Airstar Bank’s comprehensive cloud migration reflects its forward-looking approach to digitalization. Tencent Cloud is honored to assist Airstar Bank in smoothly and efficiently migrating to the cloud, helping to provide more diverse financial products and services to customers, improve customer satisfaction, and promote a virtuous cycle that enables rapid business development. In the future, Tencent Cloud will continue to focus on fintech and cloud services, offering leading digital banking solutions to financial institutions worldwide and supporting product and business innovation in the financial industry.”

Felix Tao, Chief Technology Officer of Airstar Bank, said: “We are very pleased to partner with Tencent Cloud to successfully and smoothly complete the bank’s cloud migration. We anticipate significant optimization in terms of resource costs and workload as well as the complexity of infrastructure operations and maintenance. As a ‘user-oriented’ digital bank, we remain committed to providing our customers with more diverse products and services. This development not only helps reduce costs and enhance efficiency, accelerating product iteration, but the flexibility and scalability of the new core system will also assist Airstar Bank in dynamically adjusting resources to meet future business expansion and peak customer flow demands. In view of all this, we strive to build a more agile digital bank supported by cloud technology.” 

Airstar Bank adopted a layered architecture design to maintain the highest levels of security, utilizing partition isolation based on its unique business characteristics. Combined with Tencent Cloud’s comprehensive security product capabilities, they built a security protection system at key nodes to safeguard bank data comprehensively. The bank’s business data retrieval is also enhanced by integrating content acceleration and edge security through an edge security acceleration platform.

The financial industry, especially the banking sector, has very high requirements for the stability and security of IT systems. In terms of disaster recovery architecture, Tencent Cloud designed a multi-layer business disaster recovery architecture system for Airstar Bank, covering traffic access, business applications, and data storage. The overall system achieved a cross-AZ dual-active disaster recovery architecture, ensuring second-level rapid switching in the event of extreme failures. Relying on Tencent Cloud’s observability platform, they monitored the operational status of all business nodes in real time.

During the cloud migration process, phased data migration proved to be critical. Each stage of the process needed to be completed quickly within a limited time window to ensure that various bank businesses were not affected. Tencent Cloud provided the tools and expert services to help Airstar Bank adapt and implement the migration effectively with limited disruptions. During the critical database migration phase, an assessment tool helps to first generate a report, which allows the bank to evaluate its business workload. After completing code refactoring, data synchronization is carried out using Tencent Cloud’s DBbridge migration tool, ultimately switching business traffic to the cloud. The success rate of the overall cloud migration reached 100%, with no occurrence of business fallback or data rollback issues.

After completing the full cloud migration, Airstar Bank has seen significant improvements in high-performance data processing capabilities, along with a reduction in resource costs and the workload and complexity of infrastructure maintenance—estimated to lead to annual cost savings worth millions in the future. Additionally, the business systems can now fully leverage the diverse enterprise-grade commercial products available in the cloud to replace self-built open-source product components, significantly enhancing development efficiency and enabling agile application iterations and rapid responses to market changes.

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Airstar Bank:

Airstar Bank is a digital bank in Hong Kong with Xiaomi Corporation and Futu Group as its key shareholders. The Bank upholds the virtue of financial inclusion by making cutting edge digital banking services accessible at our customers’ fingertips. Airstar Bank has become a licensed bank under the Hong Kong Monetary Authority since May 9, 2019.

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SOURCE Tencent Cloud

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The Building & Furniture Category Highlights Sustainable and Human‑Centric Design at the 139th Canton Fair

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GUANGZHOU, China, April 26, 2026 /PRNewswire/ — Phase 2 of the 139th Canton Fair has seen the Building & Furniture category emphasize green Infrastructure and human-centric design.

A major highlight of the building and decorative materials section is the introduction of photovoltaic marble-textured cladding. This innovative surfacing material bridges the gap between high-end aesthetics and renewable energy. Unlike traditional solar panels that rely on glass, this non-opaque cladding uses precise microscopic structures to guide light to internal PV cells.

This technology offers 60% higher efficiency than traditional transparent solar systems while reducing carbon emissions by over 50%. Its ability to reproduce stone, wood, or brick‑like 3D textures allows architects to integrate power generation into a wide range of building styles without the industrial appearance of traditional solar panels.

Indoor environments are also becoming smarter and safer. Manufacturers are showcasing high-efficiency antibacterial surfacing, utilizing visible light catalysis to provide 24-hour protection against mold and bacteria. These advanced decorative papers and panels are becoming the new standard for high-end interior decoration, prioritizing long-term hygiene in residential and commercial spaces.

The sanitary ware sector is increasingly focused on the aging global population and those with limited mobility. A standout innovation is the electric lift-and-rotate shower chair. Designed for the dry-wet separation bathroom layout, it allows users to sit in a dry area and be safely rotated and lifted into the shower via remote control. This waterproof, low-voltage system provides dignity and independence for the elderly while reducing the physical strain on caregivers.

Hygiene and ease of maintenance have also seen a breakthrough with wall-mounted toilets. By moving the lid connection to the tank wall and adopting a mortise‑and‑tenon structure, the design eliminates the hard‑to‑clean areas where bacteria typically accumulate. Many of these units also incorporate ergonomic grab bars directly into the frame, blending safety with a minimalist aesthetic.

In the sports and leisure industry, the shift toward sustainability is seen in non-infill synthetic turf. This next-generation football grass eliminates the need for rubber granules or sand, providing a natural touch and superior shock absorption while significantly reducing maintenance costs and microplastic pollution.

All these innovations demonstrate how the Building & Furniture sector is advancing toward greener materials, smarter functionality, and more human‑centered design, setting new benchmarks for the future of living spaces.

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

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View original content:https://www.prnewswire.co.uk/news-releases/the-building–furniture-category-highlights-sustainable-and-humancentric-design-at-the-139th-canton-fair-302753654.html

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Nexteer’s Global First Steer-by-Wire Goes into Production

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BEIJING, April 26, 2026 /PRNewswire/ — Nexteer Automotive helped a leading Chinese new energy vehicle (NEV) manufacturer bring the world’s first production passenger vehicle with a full drive‑by‑wire chassis to market. The vehicle features Nexteer’s steer‑by‑wire (SbW) system as a key enabler.

The SbW featured in this vehicle marks Nexteer’s first SbW system in mass production, representing a major step forward for the technology — moving from development and validation to full-scale production. Certified in late 2025, this system achieved the world’s first ASIL D functional safety approval from DAkkS (German Accreditation Body) through close collaboration with the OEM. This certification reflects global top-tier performance in fault diagnosis, redundancy, and safety monitoring. Key features include:

Multi-layered redundancy design: Dual controllers, dual power supplies, multiple communication links, and dual actuation paths — achieving redundancy at system, hardware, and software levels. This ensures that in the event of a single fault, the backup path takes over within milliseconds with no loss of steering function.Full‑scenario functional safety mechanism: Multi‑level monitoring and fault handling strategies covering sensors, controllers, actuators, and communication links.Variable steering ratio: Automatically adjusts steering angle and effort based on vehicle speed and driving mode, balancing agility and comfort.Intuitive road‑feel simulation technology: Software‑defined steering feedback delivers a more responsive and precise driving experience, adaptable to a wide range of driving scenarios.Open interface for autonomous driving: As a key actuation layer for ADAS and autonomous driving systems, it provides real‑time, precise control capabilities, supporting the development of intelligent transportation systems.

Steer-by-Wire: Electronic Signals Replace Mechanical Links, Flexible Configurations for Diverse Needs

By decoupling the mechanical link between the hand wheel and the road wheels, steer-by-wire replaces conventional mechanical connections with electronic signals and actuators — and is quickly becoming a foundational technology for next-generation intelligent chassis and autonomous driving platforms. As a motion control technology company with 120 years of engineering heritage, Nexteer offers a flexible, off-the-shelf portfolio of steering feel simulators and road wheel actuators. This modular approach allows us to meet the diverse needs of different vehicle models and driving scenarios efficiently and cost-effectively.

From Steering to Braking: Expanding Full-Stack Motion Control Capabilities

Building on its deep expertise in steering systems, Nexteer has expanded into braking with its Brake-by-Wire solution, the Electro-Mechanical Brake (EMB). EMB has completed full development and rigorous validation and is ready for mass production. Together with SbW, Brake-by-Wire (EMB), Rear-Wheel Steering, and the MotionIQ™ Software Suite make up Nexteer’s broader Motion-by-Wire™ portfolio.

With Nexteer, OEMs get more than steer-by-wire and brake-by-wire components: they get a complete, proven, production-ready and cost-effective drive-by-wire chassis motion control solution that’s shaping the future of the software-defined chassis and enabling faster development, lower costs and safter, smarter and more exciting driving experiences.

During Auto China 2026, we cordially invite you to visit Nexteer at Booth W1B03, Hall W1, China International Exhibition Center (Shunyi) in Beijing, to experience firsthand the breakthrough innovations of steer-by-wire and Motion-by-Wire™ technologies.

ABOUT NEXTEER AUTOMOTIVE

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports Motion-by-Wire™ chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. Celebrating 120 years of automotive innovation in 2026, Nexteer builds on a strong legacy of engineering excellence while continuing to shape the future of mobility. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com  

Links to Nexteer Media Center

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View original content:https://www.prnewswire.com/in/news-releases/nexteers-global-first-steer-by-wire-goes-into-production-302753641.html

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World IP Day 2026: PitchMark launches Ideas.Exchange to help creators safeguard and license ideas in the age of AI

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SINGAPORE, April 26, 2026 /PRNewswire/ — To mark World IP Day 2026, PitchMark® today launched Ideas.Exchange, a first‑of‑its‑kind platform designed to help creators assert intellectual property rights, license ideas, and formalise creative conversations in an increasingly AI‑driven economy.

Unveiled at Safeguard Your IP in the Age of AI, a media briefing hosted by CNBC’s Sri Jegarajah, the platform responds to growing concern that ideas are routinely used, reused or absorbed without attribution, consent or compensation—often with limited legal or commercial recourse.

“AI has amplified both the reach and the risk for creators,” said Mark Laudi, Managing Partner of PitchMark LLP. “Ideas.Exchange gives creators a way to protect themselves while still participating confidently in the market for ideas.”

At its core, the platform focuses on three interventions for creators:

Asserting IP rights by establishing proof of authorship and precedenceLicensing ideas without giving them away for freeFormalising conversations so pitches and evaluations are governed rather than informal

Ideas.Exchange is powered by three proprietary resources developed by PitchMark. These include a blockchain‑driven clearing house where ideas and creative works can be listed and licensed; smart contracts that automate usage terms and reduce disputes; and an IP Governance Certification Program designed to signal responsible handling of ideas, particularly in enterprise and AI contexts.

The result, PitchMark says, is three concrete outcomes: deterrence of idea theft, new ways to monetise ideas through structured licensing and price discovery, and a more level playing field that allows creators to pitch to clients and platforms on equal terms.

The launch comes amid renewed scrutiny of how intellectual property is treated in the AI era. While idea theft is rarely reported, its impact is significant. Beyond visible financial losses, organisations and creators often absorb hidden costs through talent attrition, innovation suppression and abandoned market opportunities.

“Most idea theft occurs informally and never reaches the courts,” said Prof David Llewelyn, Professor Emeritus of Law at Singapore Management University. “Introducing governance, traceability and standards is a meaningful step toward addressing that gap.”

Spokespeople including Prof Llewelyn, technology lawyer Bryan Ghows, and Mark Laudi are available for interview.

About PitchMark

PitchMark® deters idea theft and enables creatives to get paid by providing a trusted way to share and license ideas with prospects and clients.

 

View original content:https://www.prnewswire.com/apac/news-releases/world-ip-day-2026-pitchmark-launches-ideasexchange-to-help-creators-safeguard-and-license-ideas-in-the-age-of-ai-302753571.html

SOURCE PitchMark

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