Connect with us

Technology

Tencent Cloud, UXSoft, and BAPE Hong Kong Limited Collaborate to Power Global Retail Infrastructure for A Bathing Ape®

Published

on

HONG KONG, June 11, 2026 /PRNewswire/ — At Tencent Cloud Day Hong Kong, Tencent Cloud, the cloud business of Tencent, announced a strategic collaboration with UXSoft Global Limited (UXSoft), a retail solutions provider specializing in digital transformation, and fashion retailer BAPE Hong Kong Limited to build a centralized, cloud-native retail management infrastructure for A Bathing Ape® (BAPE).

BAPE Hong Kong Limited is the iconic Japanese streetwear brand recognized for its signature camouflage designs and high-demand product releases. Through this collaboration, BAPE Hong Kong Limited is migrating mission-critical point-of-sale (POS) and inventory systems across its Hong Kong flagship stores and global outlets to Tencent Cloud, integrating UXSoft’s omnichannel retail suite to unify operations worldwide.

Powering a Global Borderless Retail Operating System

The tripartite collaboration combines UXSoft’s fifteen years of fashion retail expertise with Tencent Cloud’s enterprise-grade infrastructure to deliver a borderless retail operating system. The integrated ecosystem combines localized insights from BAPE Hong Kong Limited with global cloud scalability, enabling real-time synchronization of limited-edition product launches and VIP membership data across regions.

Tencent Cloud provides a resilient architecture that encompasses Infrastructure-as-a-Service (IaaS), networking, and security services. Hosted within Tencent Cloud’s high-concurrency environment, UXSoft’s retail logic enables BAPE to process high transaction volumes during peak launch periods with low-latency performance and enterprise-grade reliability.

Tencent Cloud’s global infrastructure across 23 regions serves as the backbone for BAPE’s international expansion. This extensive footprint provides the brand with the agility, data residency options, and AI tools necessary to scale its “drop” model worldwide without operational friction. Having successfully completed its production rollout over the past year, this newly deployed system is built to evolve alongside the continuous growth of BAPE’s global retail footprint.

Steven Choi, General Manager of Tencent Cloud Hong Kong & Macau, said, “Our collaboration with both UXSoft, a first mover with Tencent AI technology in their Retail application in Asia Pacific, and BAPE Hong Kong Limited establishes a new benchmark for digital transformation in the global retail sectors. By providing a highly resilient and globally scalable cloud foundation, Tencent Cloud is empowering visionary brands to transcend geographic boundaries, innovate their business models, and shape the future of borderless commerce.”

Boris Lo, Chief Operation Officer of UXSoft Global Limited, said, “This partnership underscores the synergy between cloud infrastructure and professional retail solutions. Beyond leveraging Tencent Cloud as the foundational framework, UXSoft proactively upgrades FashionPro with AI-powered functionalities for BAPE worldwide. Our integrated Retail Management system built on Tencent Cloud delivers a flexible, responsive business ecosystem, empowering the brand to efficiently handle intricate retail operations and sustain premium, uniform customer service experiences.”

Raymond IP, Global IT Director of BAPE Hong Kong Limited, said, “Transitioning to a cloud-native infrastructure marks a strategic step forward for our brand’s global evolution. By partnering with industry leaders Tencent Cloud and UXSoft, we are future-proofing our business operations and ensuring that our technological capabilities match the innovative spirit of BAPE on the international stage.”

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 UXSoft Global Limited:

UXSoft is a leading provider of retail digitalization solutions, with a service network spanning over 10 countries and regions worldwide. Its clients include number of reputable retail enterprises. With a mission to “drive retail evolution through technology,” the company is committed to helping retailers transform efficiency and elevate customer experiences through innovative products.

About BAPE Hong Kong Limited:

A BATHING APE® (BAPE®) is a Japanese street fashion brand founded in 1993 in Harajuku, Tokyo. Known for its original design philosophy, iconic graphics, and strong connection to street culture, BAPE has become a globally recognised name in contemporary fashion.

With Hong Kong as its Global Headquarters, the brand oversees its international business operations across Asia, Europe, and North America, offering a wide range of apparel, footwear, and lifestyle products that reflect creativity, individuality, and cultural influence.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tencent-cloud-uxsoft-and-bape-hong-kong-limited-collaborate-to-power-global-retail-infrastructure-for-a-bathing-ape-302797607.html

SOURCE Tencent Cloud

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

ANSR Named a Leader in 2026 ISG Provider Lens™ for Global Capability Center (GCC) Services

Published

on

By

Global GCC pioneer recognized for its full-stack GCC ownership, proprietary digital ecosystem, talent-led market entry, and Zero-CapEx subscription-based model

BANGALORE, India, June 11, 2026 /PRNewswire/ — ANSR, a global leader in helping enterprises design, build, operate, and scale Global Capability Centers (GCCs), today announced it has been named a Leader in the 2026 ISG Provider Lens™ for Global Capability Center (GCC) Services.

The report, which evaluates service providers supporting enterprises across the GCC lifecycle, highlights ANSR’s comprehensive end-to-end GCC capabilities, integrated platform-led model, and differentiated approach to helping enterprises launch and scale future-ready GCCs with speed, flexibility, and long-term strategic control.

“We are honored to be recognized as a Leader by ISG in the Global Capability Center Services landscape,” said Vikram Ahuja, Co-Founder, ANSR and CEO, 1Wrk. “This recognition validates our continued commitment to helping enterprises build, scale, and transform their global teams through our unique blend of strategy, execution, technology, and innovation. Having supported over 225 GCCs globally, hired more than 250,000 employees, and managed over 14 million sq. ft. of workspace, we understand what it takes to create capability centers that deliver speed, scale, and sustainable enterprise value. As GCCs evolve into strategic engines of transformation, we are focused on helping enterprises build future-ready centers through differentiated AI-first GCC blueprints that drive innovation, operational excellence, and long-term competitive advantage.”

According to ISG, ANSR’s strengths include:

Full-stack GCC ownership: ANSR operates as a single, integrated platform across GCC design, legal entity creation, infrastructure build-out, talent acquisition, and operational run services. With over 200 GCCs supported, ANSR brings unmatched scale and execution capability, minimizing handoffs and accelerating time to value.Talent-led market entry: With its Talent500 ecosystem, curated GCC talent database, and in-house employer branding capability, ANSR positions talent strategy at the core of GCC design. Its data-backed compensation insights and value proposition frameworks help enterprises compete effectively against established GCCs and digital-native companies.Proprietary digital GCC platform: ANSR’s 1Wrk™ SuperApp helps enterprises build and scale GCCs by integrating solutions for talent acquisition, workspace, HR, operations, payroll, automation, and governance. The platform enables rapid setup, efficient operations, and greater visibility across the GCC lifecycle.Zero-CapEx subscription-based model: ANSR’s GCC as a Service model removes upfront investment barriers and offers a pay-as-you-grow approach. Through standardized playbooks, incubator spaces, and managed build-operate-transfer constructs, ANSR enables enterprises to go live faster while preserving long-term strategic control.

“ANSR sets the benchmark in GCC design and setup, blending speed, scale and full-stack ownership. Its subscription model, infrastructure depth and talent ecosystem enable enterprises to launch future-ready GCCs with minimal friction and maximum control,” said Gaurang Pagdi, Lead Analyst, ISG.

ANSR’s one-stop-shop model streamlines execution, eliminating the need for multiple service providers and ensuring a seamless, efficient, and scalable approach to GCC operations. Its integrated model brings together talent, infrastructure, operations, and technology into a unified execution framework, enabling enterprises to move from intent to impact with greater confidence.

The recognition underscores ANSR’s continued evolution from GCC design and setup leadership to a broader GCC services model that supports enterprises across the full lifecycle of their global capability centers.

About ANSR

ANSR is the definitive global leader in establishing and operating Global Capability Centers. With over 225 GCCs built, more than 250,000 employees hired, and over 14 million sq. ft. of workspace managed, ANSR combines strategic insight, proven execution capabilities, and proprietary technology solutions to help enterprises build and grow their global teams.

As pioneers of the GCC as a Service model and creators of the 1Wrk™ platform, ANSR continues to redefine how enterprises achieve operational excellence and accelerate their digital transformation journeys. With deep GCC expertise, a strong talent ecosystem, and an integrated platform-led model, ANSR delivers predictable outcomes that enable enterprises to gain competitive advantage through their global capability centers.

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/ansr-named-a-leader-in-2026-isg-provider-lens-for-global-capability-center-gcc-services-302797669.html

Continue Reading

Technology

Qatar’s General Authority of Endowments Partners with Global Islamic Fintech Wahed to Develop AI-Powered Shariah Equity Analysis Platform

Published

on

By

DOHA, Qatar, June 11, 2026 /PRNewswire/ — Wahed, a leading Islamic fintech and asset manager, today announced that its Qatar-based entity, Wahed MENA LLC, has signed a Memorandum of Understanding (MoU) with the The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs to develop and pilot an artificial intelligence-powered Shariah equity analysis and screening platform tailored to the needs of Qatar’s endowment sector.

Bringing together Wahed’s global expertise in Islamic fintech and asset management with Awqaf’s Shariah and investment expertise in endowment oversight, the initiative is designed to build a smarter, more efficient approach to screening and analysing equities listed on the Qatar Stock Exchange (QSE) for Shariah compliance.

The project supports Awqaf’s efforts to leverage cutting-edge technologies and digital innovation in line with the Ministry’s Strategic Plan (2025-2030), which focuses on digital transformation, artificial intelligence technologies, institutional innovation, performance efficiency and sustainability. It also aligns with Qatar National Vision 2030 and the country’s broader transition toward a knowledge-based economy.

The platform will combine AI-driven equity screening, natural language processing (NLP), financial indicator and ratio analysis, and a bilingual Arabic-English interface to support Awqaf’s internal investment assessment processes. Features under development include dividend screening, historical Shariah compliance tracking, risk-based analysis and an AI-assisted Shariah screening support chatbot for internal use.

By combining financial data analysis, compliance monitoring and intelligent screening capabilities, the platform is expected to enhance the speed, consistency and scalability of investment analysis, strengthen governance and transparency in endowment investment management, and provide institutional-grade insights to support decision-making on robust Shariah and financial foundations.

During the signing ceremony, Mohammed Abdullah Al Harmi, Director of the Investment Department at the General Directorate of Endowments, described the project as a crucial step in advancing endowment work. “This initiative ushers in a new era of endowment operations that combines Sharia authenticity with technological innovation,” he said.

“This partnership reflects our commitment to putting technology in service of Islamic finance principles,” said Khalid Al Jassim, Executive Chairman of Wahed MENA. “By working with Awqaf, we are taking a meaningful step toward making Shariah-compliant investment intelligence more precise, accessible and scalable.”

The initiative represents a significant step forward in the adoption of artificial intelligence within Islamic asset management. Upon completion, the platform will serve as a model for endowment institutions, asset managers, sovereign entities and financial organisations seeking to integrate AI into Shariah-compliant investment processes.

About Wahed

Headquartered in New York, Wahed Inc. (Wahed) is a global Islamic fintech and asset management company committed to democratising access to financial services. Licensed in nine countries, Wahed combines cutting-edge financial technology with Shariah principles to deliver innovative products that align with faith and values. With over 450,000 clients globally and more than $2 billion in assets under management and administration across its entities, Wahed serves investors across multiple continents and is pioneering a new era of ethical and faith-based investing.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/qatars-general-authority-of-endowments-partners-with-global-islamic-fintech-wahed-to-develop-ai-powered-shariah-equity-analysis-platform-302797329.html

Continue Reading

Technology

Finance firms face surging AI risks as conduct incidents average USD 14 million

Published

on

By

The share of C-suite executives identifying AI-related conduct risks as a top material risk has jumped from 16% over the past three years to 56% over the next three years, ranking first among non-financial risks.While executives report that major business conduct risk incidents rose by 55% between 2023 and 2025, with each incident costing USD 14 million on average, the majority of firms continue to invest in conduct data reactively rather than preventively.As financial firms scale AI across risk workflows, trusted data becomes essential to keep outputs relevant, accurate, and auditable – helping prevent hallucinations from spreading across models, dashboards, portfolios, and decisions.

ZURICH, June 11, 2026 /PRNewswire/ — RepRisk, the world’s most respected DaaS company for business conduct risks, today released new analysis from its global Business Conduct Risk Intelligence Report 2026, based on a survey of more than 500 C-suite executives across banks, asset managers, asset owners, and other financial institutions, conducted in collaboration with Oxford Economics.

Major risk incidents rise as costs mount

RepRisk’s new analysis estimates that firms face USD 28 million to USD 43 million in annual cost exposure from reputational and business conduct risks, with companies experiencing two to three significant incidents per year on average and each incident costing around USD 14 million. The most severe incidents average USD 37.6 million, highlighting the financial value of earlier detection and prevention.

Even modest improvements in monitoring – such as reducing incident frequency by 5% to 10% or accelerating escalation before issues intensify – could help mitigate multi-million-dollar losses annually. By enabling firms reduce blind spots, shorten decision cycles, strengthen governance, and improve auditability and decision confidence, structured business conduct risk intelligence creates measurable value, with C-suite executives surveyed expecting the ROI from these capabilities to double within three years.

AI risks surge as adoption scales

The report found that only 16% of executives identified AI-related conduct risks as a top material risk over the past three years – but 56% expect them to be a top material risk over the next three years. Against this backdrop, executives report that major business conduct risk incidents rose 55% between 2023 and 2025, while 67% say overall risk complexity has increased over the past year.

AI risks are surging just as banks, asset managers, asset owners, and other financial institutions are embedding AI into core workflows, from transaction due diligence and risk monitoring to portfolio oversight, compliance, KYC, and stewardship engagement. For financial institutions, the stakes are magnified by scale. Business conduct risk data can inform decisions across large portfolios, client relationships, counterparties, transactions, and internal control frameworks. If flawed or inconsistent data enters AI-driven workflows, errors can spread across models, dashboards, portfolios, and decisions – becoming difficult to identify, explain, or reverse after the fact.

“As we celebrate RepRisk’s 20-year anniversary, our founding mission, to bring transparency to business conduct risks to drive positive change, has never been more relevant,” said Philipp Aeby, CEO and Co-Founder of RepRisk. He added, “AI is moving deeper into financial decision-making, but models are only as trustworthy as the data and guardrails behind them. Hallucinations, inconsistent sources, and opaque methodologies can quickly scale into costly business decisions. Financial leaders want the speed of AI without the risks of black-box automation. They want trusted, AI-powered risk intelligence with humans in the lead, built on data they can explain, defend, and stand behind.”

The survey points to a clear preference for human-led AI when business conduct risk data informs material decisions. Across the full sample, 73% of executives report using human-AI hybrid approaches, while 67% trust hybrid data for material risk and investment decisions, compared with 35% for AI-only approaches. This preference is even stronger among banks, where 74% of respondents express confidence in human-AI hybrid data, underscoring demand for technology enhanced by expert oversight, rather than full automation.

About RepRisk

RepRisk is the world’s most respected Data as a Service (DaaS) company for reputational risks and responsible business conduct. Since 2006, RepRisk’s data has been trusted by the world’s leading banks, investment managers, Fortune 500 companies, sovereign wealth funds, and organizations such as the OECD and UN. Combining advanced AI with deep human expertise, and a proven methodology at the core, RepRisk’s solutions bring peace of mind, enabling clients to ‘know more, be sure, and act faster’. Our pioneering solutions help to strengthen due diligence processes across business conduct topics, such as biodiversity, deforestation, human rights, and corruption, empowering clients to identify, monitor, and mitigate reputational, compliance, and financial risks. Headquartered in Zurich, and with offices in Toronto, New York, London, Berlin, Manila, and Tokyo, we stay close to clients and bring an independent lens to the industry. United by our shared belief in the power of data, our 400 people are proud to be setting the global standard for business conduct data and driving positive change through transparency. Visit us at reprisk.com and follow us on LinkedIn

Contact –  Mathias Fürer, +41 41 552 30 01, media@reprisk.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/finance-firms-face-surging-ai-risks-as-conduct-incidents-average-usd-14-million-302797351.html

SOURCE RepRisk

Continue Reading

Trending