The partnership marks the first collaboration between the two companies in cross-border remittances, bringing more institutions and users onto remittance routes into Weixin

HONG KONG, Nov. 2, 2026 /PRNewswire/ — During Hong Kong FinTech Week 2026, TenPay Global, Tencent’s cross-border payment platform, and UnionPay International (UPI), a subsidiary of China UnionPay, have signed a memorandum of understanding (MOU) to collaborate on cross-border remittances, marking the first partnership between the two companies in this space.

In 2020, the G20 launched a roadmap to make cross-border payments faster, cheaper and more transparent by the end of 2027, with remittances a key focus. China-related cross-border remittances are an important part of that picture, supporting tens of millions of people whose lives span borders. Connecting more institutions to China is one way to make these remittances faster and more accessible.

Under the MOU, the two companies will jointly explore solutions to facilitate two-way remittances. TenPay Global’s cross-border remittance platform currently partners with more than 60 major international banks and remittance institutions, supporting remittances to China from over 150 countries and regions. The collaboration will extend this platform to UPI’s extensive global network of partner institutions and draw on UnionPay’s infrastructure to explore further opportunities for cooperation.

Remittances to Weixin are available 24/7 and can arrive within one minute. Behind the scenes, identity verification and compliance screening are completed in milliseconds, keeping every transfer secure without interrupting the user experience. Paying directly into wallets also significantly lowers last-mile costs.

“Our goal is to make sending money as simple as sending a message,” said Wenhui Yang, CEO of TenPay Global (Singapore). “No company can achieve that alone. Partnering with UnionPay International brings that experience to more overseas users through institutions they already rely on. We also look forward to working with UnionPay International to explore new possibilities for cross-border payments in the age of AI.”

“Through our UnionPay MoneyExpress solution, we partner with mainstream banks and remittance institutions globally to enable individuals to transfer funds directly to UnionPay cards,” said Xia Zhi, General Manager of the Innovative Products Department at UnionPay International. “This partnership with TenPay Global further extends our remittance services to the Weixin wallet, providing customers with a broader range of remittance options.”

About TenPay Global

TenPay Global is Tencent’s cross-border payment platform, comprising a network of licensed financial institutions under Tencent. By connecting the Weixin ecosystem, global payment partners, and international users and scenarios, TenPay Global provides end-to-end payment solutions for cross-border remittances, cross-border consumption, global collections and global acquiring. Backed by years of industry experience and a robust risk management framework, TenPay Global delivers world-class standards in system reliability, fund security, and regulatory compliance. Official website: TenPay Global

About UnionPay International

UnionPay International (UPI) is focused on the growth and support of UnionPay’s international business. In partnership with over 2,600 financial institutions across 183 countries and regions, UnionPay International has enabled a vast global acceptance network covering more than 110 million merchants and 1.8 million ATMs outside Chinese mainland, with UnionPay cards issued in 86 countries and regions globally. 

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SOURCE Tenpay Global

Integrated system combining solid-state transformers, battery storage and AI-driven controls now delivers power end to end, from medium-voltage AC input to the server rack, ahead of wider industry adoption800V DC architecture supports higher-density AI racks, enabling more computing power within the same spaceSystem deployment provides a commercial reference as AI data centers move toward 800V DC power infrastructure

ULANQAB, China, Nov. 2, 2026 /PRNewswire/ — Envision, a global leader in green technology, today announced the world’s first commercial deployment of an integrated 800-volt direct current (800V DC) power system in a large-scale AI data center. The system is now powering live computing workloads at Envision’s Galaxy AI data center campus in Ulanqab, China, delivering power end to end from grid input to computing loads.

The 800V DC architecture significantly simplifies AI data center power systems, bringing higher power conversion and watt-to-bit efficiency, a more compact equipment footprint, and reduced cabling and copper requirements. Together, these advantages can lower infrastructure costs and support higher computing density within the same space.

“AI data centers need power systems that coordinate renewable energy, energy storage, and the grid to meet computing demand,” said Kevin Huang, Senior Vice President of Envision Energy and President of Energy Storage and AIDC Power Systems. “Our integrated 800V DC system is now powering live computing workloads, demonstrating an end-to-end architecture that connects renewable energy supply with computing demand. This is a critical step in turning power-compute coordination from a strategic vision into an operational reality.”

As AI computing demand accelerates, operators must deliver more power to each rack within constrained space, while keeping supply stable as computing loads swing sharply from moment to moment.

Envision’s newly deployed system combines solid-state transformers (SST), battery energy storage (BESS) and equipment that adjusts direct-current voltage for computing hardware. Envision’s Dubhe Controller, supported by its Dubhe Energy Foundation Model, coordinates the transformers and batteries in real time to match power supply with computing demand and manage sudden load swings.

The deployment comes as the industry advances its transition to 800V DC infrastructure for next-generation AI data centers. Envision’s integrated system, now powering live AI computing workloads, is built around three critical capabilities: stable SST conversion directly from 10 kV medium voltage to an 800V DC bus across operating conditions; battery storage providing both second-scale power support and minute-scale backup; and millisecond-level coordination between SST and storage to absorb GPU load fluctuations locally. Already operating commercially ahead of wider industry adoption, the system provides a reference for the industry’s transition to 800V DC.

The Galaxy campus began operations in August 2026. With a planned capacity of 3GW, it is designed to support up to one million AI accelerators operating in parallel at full build-out, with more than 80% of its power planned to come from direct renewable electricity connections.

Envision aims to scale this approach through its Mission Gobi initiative, which targets 5GW of green AI data center capacity in desert regions worldwide by 2030.

For more information, please visit www.envision-group.com

SOURCE Envision

STOCKHOLM, Nov. 2, 2026 /PRNewswire/ — During the period October 26 – October 30, 2026, Telefonaktiebolaget LM Ericsson (publ) (“Ericsson”) (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows:

The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson’s obligations under its share-related incentive programs, are cancelled.

The share buyback program is executed in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing MAR (the Safe Harbour Regulation).

All acquisitions have been carried out on Nasdaq Stockholm by Goldman Sachs Bank Europe SE on behalf of Ericsson. A full breakdown of the transactions is attached to this announcement.

Following the repurchases above, Ericsson’s holding of treasury stock amounts to 130,915,894 Class B shares. There are in total 3,371,351,735 shares in Ericsson, 261,755,983 shares of Class A and 3,109,595,752 shares of Class B.

NOTES TO EDITORS:

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