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NAV Fund Administration Group Earns With Intelligence HFM Asia Services 2024 Best Administrator Award

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NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Administrator – Under $30bn Single Manager at the With Intelligence HFM Asia Services Awards 2024 in Hong Kong on July 4.

OAKBROOK TERRACE, Ill., July 16, 2024 /PRNewswire-PRWeb/ — NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Administrator – Under $30bn Single Manager at the With Intelligence HFM Asia Services Awards 2024 in Hong Kong on July 4.

“We are honored to be showcased as a leader within such a competitive industry and important region. Our commitment to offer clients our proven expertise, personalized service, and innovative technology has helped lead us to the success we celebrate with this award.” Utkarsh Sharma, NAV Assistant VP

The With Intelligence HFM Asia Services Awards “recognize and reward hedge fund service providers who have demonstrated exceptional client service, innovative product development, and strong and sustainable business growth over the past 12 months.”

“We are honored to be showcased as a leader within such a competitive industry and important region,” said NAV Assistant Vice President Utkarsh Sharma. “Our primary goal is to offer clients our proven expertise, personalized service, and innovative technology. That commitment, combined with the dedication of our experienced team, has helped lead us to the success we celebrate with this award.”

The firm works with a range of major alternative asset fund clients throughout the region and has multiple technology centers based in India. NAV established NAV Fund Services (Singapore) Pte. Ltd.in October 2020, NAV Fund Services (Australia) Pty. Ltd.in August 2021, and NAV Philippines earlier this year and is also authorized to provide fund administration services for funds domiciled in Hong Kong, Malaysia, and Thailand.

NAV was named Best Administrator – Under $30bn Single Manager by a judging panel composed of leading hedge fund COOs, CFOs, CCOs, GCs and CTOs charged with “recognizing service providers that drive up service standards across the sector and stand out from the crowd.” Categories were developed in consultation with the sector to ensure they were representative of the broad and fast-moving nature of hedge fund services and solutions in the region. Specific evaluation criteria included:

    Commercial success and business growth    Demonstration of product or service innovation    Description of future product or service development possibilities    Positive customer feedback via submitted testimonials

About NAV Fund Administration Group
Recognized for its innovative and highly cost-competitive fund administration solutions, NAV’s experienced team provides award-winning services for all alternative fund types and sizes, including digital asset funds. Since its founding in 1991, NAV has grown to more than 2,300 clients worldwide with $310 billion AUA. The company is headquartered in the United States, with four facilities in India and locations in Australia, the Cayman Islands, Ireland, Mauritius, Philippines, and Singapore; plus ability to service clients domiciled in multiple additional countries around the globe. For more info: https://www.navconsulting.net/

About With Intelligence
With Intelligence is an information exchange connecting allocators and fund managers, across multiple asset classes, to the people and insight-enriched data they need to raise and allocate assets. Its global team of industry insiders, data scientists, analysts, reporters, technologists and developers bring a fresh perspective on asset raising and allocation. Beginning in 1998 as a traditional B2B publisher, the integrated With Intelligence product portfolio of data, insight and events has grown to cover hedge funds, private equity, real estate, private debt, and traditional asset management, with more than 3,000 institutional customers worldwide.

Media Contact

Vicki Hunckler, NAV Fund Administration Group, 630-954-1919, vicki.hunckler@navconsulting.net, https://www.navconsulting.net/ 

View original content to download multimedia:https://www.prweb.com/releases/nav-fund-administration-group-earns-with-intelligence-hfm-asia-services-2024-best-administrator-award-302195499.html

SOURCE NAV Fund Administration Group

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Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

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SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-sincerely-accepts-administrative-penalty-decision-issued-by-the-state-administration-for-market-regulation-of-the-peoples-republic-of-china-302834599.html

SOURCE Trip.com Group Limited

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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.” 

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review

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