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Hyundai Motor Group to Pioneer Hong Kong’s Hydrogen Economy, Accelerating Asia-Pacific Expansion

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Hyundai Motor Group and partners in Hong Kong sign agreement at International Hydrogen Development Symposium 2026 to accelerate development of Hong Kong’s hydrogen ecosystemThe Group to leverage waste-to-hydrogen (W2H) model, building on expertise from Korean and Indonesian marketsPlan includes local production of low-carbon hydrogen, development and operation of liquid hydrogen refueling stations and deployment of hydrogen-powered commercial vehiclesPartnership creates a launchpad for hydrogen business expansion across the Asia-Pacific region

SEOUL, South Korea and HONG KONG, May 18, 2026 /PRNewswire/ — Hyundai Motor Group (the Group) has forged an agreement with key Korean, Chinese Mainland, Hong Kong and French companies to establish a comprehensive hydrogen ecosystem in Hong Kong.

During the International Hydrogen Development Symposium 2026 in Hong Kong on May 18-20, 2026, the governments of Korea and Hong Kong signed an intergovernmental Memorandum of Understanding (MoU) to strengthen hydrogen policy cooperation and business partnerships. Building on this governmental collaboration, the Group officially announced its plan to advance the Hong Kong hydrogen ecosystem project and signed an MoU with leading Hong Kong-based and global companies.

The Korea-Hong Kong corporate MoU establishes a collaborative framework to pioneer Hong Kong’s hydrogen market while positioning the city as a strategic base for the Group’s hydrogen business expansion across the Asia-Pacific region.

The agreement was signed by Seung Kyu Shin, Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group; Cheng Don H.K., Chief Operating Officer – Hong Kong Business at The Hong Kong and China Gas Company Limited; Yu Taek Seo, Vice President at Hyundai Engineering & Construction Co., Ltd.; Norman Cheng, Chief Operating Officer of Veolia Hong Kong Holding Ltd.; In Gu Park, Chief Executive Officer of JEA ENG., Co., Ltd.; Zhang Jian, Chairman of China Inspection Company., Ltd.; Wu Pinfang, Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd.; Alfred Wong, Partner at Templewater Limited; Ir William Luk, Deputy Chief Executive Officer of Chun Wo Construction and Engineering Company Limited; and Calvin Wong, Chief Executive Officer of Chun Wo Bus Services Limited.

The signing ceremony was witnessed by representatives from Hong Kong, including Diane Wong, Acting Secretary for Environment and Ecology of the HKSAR; Poon Kwok Ying, Director of Electrical and Mechanical Services of the HKSAR; and Alpha Lau, Director-General of Investment Promotion of Invest Hong Kong, as well as Jeong Eui Kyung, Deputy Minister of Land, Infrastructure and Transport, representing Korea.

This initiative strengthens business momentum for the Group’s global hydrogen vision by outlining a strategic background, an actionable execution plan and Korea–Hong Kong corporate partnerships for Hong Kong’s hydrogen ecosystem project.

“This MoU was signed as Hyundai Motor Group’s commitment to advancing Hong Kong’s proactive hydrogen policies and driving the acceleration of its hydrogen ecosystem utilizing the Group’s hydrogen business capability and experience. Starting with Hong Kong, we look forward to expanding our collaboration and business opportunities across the broader Asia-Pacific hydrogen market.” – Seung Kyu Shin, Executive Vice President and Head of Energy & Hydrogen Policy Sub-Division at Hyundai Motor Group.

“Today multi-party signing is both a landmark moment for Hong Kong’s green economy and a clear signal that the city’s hydrogen ecosystem is gaining real traction. Over the past three years, InvestHK has helped leading hydrogen enterprises establish themselves in Hong Kong, several of which have since listed on the Hong Kong Stock Exchange, raising over HK$2.5 billion in total. For businesses with global green ambitions, Hong Kong is where business growth takes shape.”  – Alpha Lau, Director-General of Investment Promotion of Invest Hong Kong.

The Group is also participating as an exhibitor at the Symposium, held at the Hong Kong Convention and Exhibition Centre from May 18-20, 2026.

At the exhibition, the Group is introducing HTWO, its hydrogen brand and business platform, while outlining plans to develop Hong Kong’s hydrogen ecosystem. It is also showcasing its W2H technologies and global initiatives, alongside a fuel cell system manufactured at HTWO Guangzhou, the Group’s first overseas fuel cell system facility, supporting a wide range of applications. Together, these highlight the Group’s integrated capabilities across the entire hydrogen value chain, extending beyond mobility.

Through HTWO, the Group integrates affiliate capabilities to deliver end-to-end hydrogen solutions across the entire hydrogen value chain — from production to storage, transportation, and refueling to utilization. As an open platform for collaboration, partnerships, and investment, HTWO reflects the Group’s continued commitment to advancing practical energy and hydrogen solutions worldwide in collaboration with governments, industry and innovators.

Why Is Hyundai Motor Group Establishing a Hydrogen Ecosystem in Hong Kong?

Hyundai Motor Group is leveraging its extensive hydrogen expertise to support the Hong Kong Government’s Climate Action Plan 2050, which targets carbon neutrality by 2050. Following the city’s announcement of its Hydrogen Roadmap in 2024 and introduction of subsidies for hydrogen vehicles and refueling infrastructure through the New Energy Transport Fund, the Group identified Hong Kong as a market with significant potential. Similar to Korea, Hong Kong relies heavily on imported energy and has structural limitations in renewable energy production, making clean hydrogen a vital alternative.

The Group has since been actively engaging with local stakeholders, sharing its experience on Waste-to-Hydrogen (W2H) ecosystems at last year’s inaugural Symposium and introducing Korea’s hydrogen policies at the 2025 APEC Workshop held in Hong Kong.

Building on its global leadership in hydrogen technologies and fuel cell system production, including operations at HTWO Guangzhou, the Group is well positioned to support Hong Kong’s clean energy transition.

What Does the Hydrogen Ecosystem Project Involve?

The Group’s plan is tailored to Hong Kong’s unique environment and economic drivers. Key initiatives include:

Producing low-carbon hydrogen by utilizing Hong Kong’s abundant and underutilized landfill gas (LFG) resources.Introducing locally tailored hydrogen fuel cell buses, including tour and airport shuttle buses to serve the city’s vibrant tourism sector, which attracts nearly 50 million visitors annually and relies on extensive long-haul transit operations.Developing and operating hydrogen refueling stations (HRS) to support operation in high-traffic sites.

HTWO Guangzhou will supply fuel cell systems for the production and deployment of hydrogen commercial vehicles optimized to meet local requirements.

Who Are the Partners in This MoU?

The project is founded on strong public and private sector collaboration. Building on this inter-governmental support, the corporate MoU unites 10 specialized companies to execute the vision.

Partner Company

Origin

Ecosystem Role

Hyundai Motor Company

Korea

Project Lead comprehending W2H production, hydrogen refueling station establishment, hydrogen powered commercial vehicle deployment

Hyundai Engineering & Construction

Korea

Design and establishment of Waste-to-hydrogen Production Infrastructure

JEA ENG

Korea

Design and establishment of Hydrogen Refueling Station

The Hong Kong and China Gas Company Limited (Towngas)

Hong Kong

Strategical collaboration for W2H Production, Distribution, Utilization

Veolia Hong Kong Holding Ltd.

France

Local support for W2H facility establishment

China Inspection Company., Ltd.

Hong Kong

Regulatory Guidance and Product Certification

Jiangsu Guofu Hydrogen Energy Equipment Co. Ltd. (GUOFUHEE)

Chinese Mainland

Supply liquid hydrogen and provide technical guidance for liquid hydrogen refueling station

Templewater Limited

Hong Kong

Advisory for APAC Expansion and Tech Scouting

Chun Wo Construction & Engineering Company Limited

Hong Kong

Local Support for Refueling Station Construction

Chun Wo Bus Services Limited

Hong Kong

Hydrogen Bus Deployment and Operation

What Are the Next Steps?

With this MoU establishing a practical collaboration framework, the Group and its partners will accelerate project execution. The immediate focus will be on developing the W2H production facilities and the initial hydrogen refueling infrastructure, with a target for Hong Kong’s comprehensive, self-sustaining hydrogen ecosystem to be fully operational by the end of 2030. By 2027, the project site will be confirmed, with facility design scheduled to begin.

Meanwhile, the Group continues to expand its global hydrogen initiatives. In Korea, it started operating HTWO Energy Cheongju this year, which produces clean hydrogen from sewage sludge, and in Indonesia, it is executing a landfill-based W2H ecosystem business in cooperating with the government of Indonesia and Pertamina, the Indonesian state-owned energy company.

 

– End –

About Hyundai Motor Group

Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication, and the will to take on any challenges, we strive to create a better future for all.

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Newsroom, Genesis Newsroom

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SOURCE Hyundai Motor Group

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AULUMU Introduces the ADuo Particle Aramid Fiber Case for iPhone Duo

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1500D aramid fiber meets a universe-inspired particle array, combining technical aesthetics with everyday protection

SHENZHEN, China, Oct. 22, 2026 /PRNewswire/ — AULUMU, the design-driven accessories brand known for blending futuristic aesthetics with functional engineering, introduces the ADuo Particle Aramid Fiber Case for iPhone Duo. Part of the brand’s Particle Series, the new case combines a lightweight 1500D aramid-fiber construction with a distinctive particle-array design, dual-screen protection, and MagSafe compatibility in a slim, technical form.

Inspired by the primordial order of the universe and tactical aesthetics, the ADuo Particle transforms a finely woven surface into a dynamic visual composition. Its precisely arranged particles create a sense of depth and structure, evoking the ubiquitous particles found throughout the universe. The result is a design that balances visual complexity with a restrained, functional aesthetic.

At the core of the ADuo Particle is 1500D aramid fiber, selected for its refined woven texture and lightweight strength. The finely woven material creates a distinctive tactile surface while maintaining a slim profile for everyday carrying. A skin-friendly coating further enhances grip and makes routine cleaning easier, bringing material refinement and practical usability together.

The ADuo Particle is available in two finishes, each interpreting the particle-array concept through a different visual language. Abyss Blue features a UV-processed gradient particle array, creating a sense of depth through a gradual shift in color. Polar Black combines glossy particles with black aramid fabric, producing a subtle interplay of light and shadow that changes with the viewing angle. Together, the two colorways offer distinct expressions of the same technical design language.

Beyond its visual identity, the ADuo Particle integrates a series of protective details designed for everyday use. A full-coverage PC protective frame surrounds the front screen, helping protect its edges and corners. An aluminum-alloy camera guard adds protection around the camera area, while raised edges around the screen and camera help reduce direct contact with surrounding surfaces. These elements complement the slim construction without adding unnecessary visual bulk.

The case also supports compatible MagSafe accessories, extending its functionality beyond basic device protection. Users can pair it with magnetic accessories, including the AULUMU G09 Mag Stand, to create a more flexible setup for everyday work, viewing, and mobile use. By combining magnetic compatibility with a refined aramid-fiber exterior, the ADuo Particle fits naturally into a technical, minimalist everyday carry setup.

The ADuo Particle reflects AULUMU’s ongoing approach to product design: bringing material innovation, functional details, and a distinctive industrial aesthetic into everyday technology accessories. Rather than treating protection and appearance as separate priorities, the case integrates both into a cohesive design built around the character of the device and the needs of daily use.

AULUMU is also developing two additional ADuo Aramid Fiber Case variations: a distinctive all-white edition and a gradient edition inspired by the visual direction of the A18 Ultra Slim Gradient Aramid Fiber Case. Release dates for both versions have yet to be determined.

Available on the AULUMU website for $89.98

What is More

AULUMU is also preparing a special limited version of ADuo Particle Aramid Fiber Case which is the world first All-White Aramid Fiber case. The release date for this case has not yet been determined.

About AULUMU

Founded in 2022, AULUMU is a design brand focused on high-performance gear, drawing inspiration from the functional aesthetics of cyberpunk and the philosophical roots of ancient Greek thought. Since its inception, the brand has launched dozens of digital accessory products, secured multiple utility and invention patents, and received the 2025 Red Dot Design Award. Today, AULUMU products serve hundreds of thousands of users across more than 20 countries and regions, positioning the brand as a growing presence in the global high-performance accessories market.

For more information, visit: https://aulumu.com/, or follow AULUMU on Instagram: https://www.instagram.com/aulumu_official/

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SOURCE AULUMU

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LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers

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Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.

NEW YORK, Oct. 22, 2026 /PRNewswire/ — LianLian Global  today announced it has partnered with PayPal (NASDAQ: PYPL) to enable its social commerce, marketplace and e-commerce clients to send payouts directly to PayPal accounts globally and to Venmo accounts in the U.S.

The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend $32.6 billion on creators in 2026 and roughly 50 million people worldwide create content professionally or semi-professionally (Gigapay Global Creator Economy Report 2026). Many of these recipients already hold a PayPal or Venmo account: PayPal had over 400 million active accounts across approximately 200 markets at the end of Q2 2026, and Venmo reached 67 million monthly active accounts in Q4 2025.

Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.

To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.

The partnership combines LianLian Global’s cross-border collection, FX and compliance infrastructure with PayPal’s global wallet network. Key offerings include:

Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient’s email or phone numberPay to Venmo: Domestic U.S. payouts to Venmo users, including creators, influencers and independent contractorsPayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractorsSpeed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.

Sandra Lam, Deputy CEO of US at LianLian Global: “Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy.”

The collaboration expands LianLian Global’s payout coverage and supports its growth in the U.S. and global markets as cross-border platforms scale their creator and contractor programs.

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SOURCE LianLian Global

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Crab2B Debuts as Hong Kong’s First Dedicated B2B Platform for Mobile Electronics

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HONG KONG, Oct. 23, 2026 /PRNewswire/ — With the global population surpassing 8 billion, mobile electronics have become essential to modern life, with smartphones now used by billions of people. Across approximately 13,861 cities worldwide, electronics wholesalers play a vital role in the supply chain. Among the world’s three major wholesale hubs for digital electronics, Dubai serves the Middle East and Africa, Miami connects markets across Latin America, and Hong Kong draws strength from its unique position linking mainland China with global markets. According to Hong Kong Customs data, re-exports of used mobile phones from Hong Kong reached 51.5 million units in 2025, while the total value of electronics exports hit HK$3.9216 trillion. Yet despite its value running into the trillions of Hong Kong dollars, it has long lacked a dedicated online platform.

Crab2B was created to fill this gap as Hong Kong’s first B2B platform dedicated to mobile electronics. Inspired by Alibaba’s online B2B marketplace model, the platform focuses on consumer electronics, bringing together hundreds of thousands of buyers and sellers worldwide and enabling them to connect directly.

Crab2B covers a broad range of products, including smartphones, tablets, laptops and other smart devices. Listings span brand-new and used devices, as well as certified pre-owned (CPO) and as-is products. The platform also connects buyers and suppliers with service providers offering product inspection, international logistics and repair services. Users can search for products by brand and model, while all merchants undergo rigorous verification before joining the platform. With these safeguards in place, Crab2B is designed to meet the needs of businesses across the value chain, protect the interests of both buyers and sellers, and facilitate mutually beneficial transactions.

Building on Hong Kong’s established trading network, Crab2B made its debut at the HKICEC Global Mobile Exchange Pavilion during the Global Sources Hong Kong Shows, held at AsiaWorld-Expo from October 18 to 21, 2026, where it also launched the Crab2B app. Looking ahead, Crab2B will remain firmly rooted in Hong Kong while expanding its global reach, continuing to refine the platform to deliver a smarter, more comprehensive digital marketplace for mobile electronics. By helping international buyers identify suitable suppliers, simplifying cross-border sourcing and reducing transaction costs, Crab2B aims to support the continued growth of Hong Kong’s digital trade sector and contribute to the city’s long-term prosperity and stability.

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SOURCE CRAB 2B TECHNOLOGY INVESTMENT CO., LIMITED

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