Browse press releases
The newest releases come first, each with its full text here and a link to its original. Try the filters to narrow them down.
- Calian completes acquisition of Galaxy BroadbandCalian Group Ltd. has acquired Galaxy Broadband Communications, a Canadian leader in satellite communications and remote connectivity solutions.
- AT&TAT&T to Participate in Upcoming Investor ConferencesCompanies: AT&TCompany leadership to speak at September conferences held by Goldman Sachs, Citi, and Bank of America. Webcasts available live and for replay. Key Takeaways: AT&T to webcast fireside chat with John Stankey at the 2026 Goldman Sachs Communacopia + Technology Conference on Sept. 9. AT&T to...
- NextNav Inc.NextNav and Tiami Networks Partner to Protect Against Unmanned Aircraft System ThreatsRESTON, Va., August 24, 2026--NextNav Inc. (NASDAQ:NN), a leader in next-generation terrestrial Positioning, Navigation, and Timing (PNT) and 3D geolocation solutions, today announced Tiami Networks as a sensing ecosystem partner for 5G-powered counter unmanned aircraft system (UAS) detection solutions. The integrated sensing and communications (ISAC)-focused partnership between the companies will advance NextNav’s effort to leverage its 5G PNT Network to simultaneously deliver scalable long-ran
- Global Anti-Scam AllianceGlobal Anti-Scam Summit America Convenes Government Officials, Silicon Valley Leaders, Financial Services Executives and Law Enforcement in San Francisco for the First TimeLeaders from Amazon, Google, OpenAI, Meta, AT&T, Verizon, JP Morgan, the U.S. Department of Justice, the U.S. Treasury, the Attorneys General of California and Utah and others will headline a two-day program focused on identifying the most effective solutions to combat scams and how to...
- Verizon prepares network for potential tropical storm; Customer relief through August 31Companies: VerizonAt a glance
- Gateway Fiber Appoints David Curran as Chief Technology OfficerO’FALLON, Mo., August 21, 2026--Gateway Fiber, a leading fiber-optic internet provider delivering high-speed connectivity across the Midwest and Northeast, today announced the appointment of David Curran as Chief Technology Officer (CTO).
- Viettel GroupViettel Brings Two Decades of International Telecom Experience to the Dominican RepublicViettel Group, one of Vietnam's largest telecommunications and technology groups, is bringing more than two decades of international investment experience to the Dominican Republic, building on a track record across 10 overseas...
- Leading Across All Metrics: Xunce Technology Reports Record-High Mid-Year Revenue and Net Profit; AI-to-B Platform Enters a New Cycle of Exponential GrowthHONG KONG, Aug 21, 2026 - On August 21, Xunce Technology (03317.HK) released its 2026 interim results report: In the first half of the year, the company achieved revenue of 967 million yuan, a significant year-over-year increase of 389%, setting a new record high for the same period; net profit attributable to shareholders was 72.5 million yuan, compared to a net loss attributable to shareholders of 89.4 million yuan in the same period last year, marking the company’s first profitable first half of the year; Adjusted net profit was 67 million yuan, compared to an adjusted net loss of 105 million yuan in the same period last year, marking a comprehensive turnaround from loss to profit; the gross profit margin reached 60.1%, remaining stable at a high level; total assets were approximately 3514 million yuan, net assets were approximately 2482 million yuan, and with ample cash on hand, reflecting a significant improvement in operational quality. As a leading provider of AI real-time data infrastructure and analytics services in China, Xunce Technology made breakthrough progress in the first half of the year across business models, product innovation, industry penetration, and international expansion. The company led the industry across all key metrics, officially transitioning from the “investment phase” to the “profit realization phase,” while also exploring new avenues for profitability. Four Key Drivers Fuel Strong Revenue Growth and Continued Improvements in Operational Efficiency In the first half of 2026, against the backdrop of the 15th Five-Year Plan designating artificial intelligence as a national strategic priority, enterprise-level AI is accelerating its transition from model training to practical inference deployment, and from general-purpose capabilities to industry-specific applications. As a result, demand from enterprises for high-quality, structured, scenario-based real-time data is growing exponentially. Facing these significant development opportunities, Xunce Technology based on the FDE model, has expanded its end-to-end data processing and tokenization capabilities—covering everything from data acquisition to large-model fine-tuning—to transform dispersed and heterogeneous enterprise data into data tokens. This helps clients reduce costs, improve efficiency, maximize the business value per token, and achieve more agile, data-driven decision-making. Currently, the company has penetrated eleven high-value, high-barrier industries and developed over 400 functional modules. It has refined three core technological advantages: millisecond- and second-level real-time response, 100% accurate data processing, and data tokenization, connecting computing power to algorithms and taking responsibility for clients’ business outcomes. The company delivered strong performance in the first half of the year, with both revenue and net profit reaching all-time highs. The high revenue growth was primarily driven by the synergistic effect of four key drivers: accelerated deployment of enterprise-grade AI real-time data infrastructure, accelerated penetration into diverse industries, the implementation of the Token business model, and the expansion of international operations and ecosystem development. The significant turnaround in profitability was driven by a steady increase in the proportion of high-margin businesses; the realization of economies of scale from a platform-based and modular product architecture, leading to significantly improved operational efficiency and further optimization of the structure of R&D, sales, and general and administrative expenses; improved cash management efficiency, and investment income contributing to incremental profits. At the same time, the company’s operational efficiency has continued to rise. It has established a data development system centered on the AIDP platform, automating data development tasks. Its solutions are deeply integrated into clients’ self-managed cloud or on-premises systems, serving as a “data hub” that deeply embeds AI into corporate clients’ core business processes, supports high-quality business decision-making, and thereby continuously enhances clients’ willingness to pay;In the first half of the year, the company’s ARPU jumped from 1.64 million yuan to 5.56 million yuan, marking a significant year-over-year increase of 240 percent. Customer retention rates have long remained above 90%, fully demonstrating the strong lock-in effect and high customer stickiness resulting from the deep integration of the product into clients’ business processes, with per-capita revenue surged by 379% year-over-year, placing its labor efficiency among the highest in the AI technology sector. Driven by the dual engines of TokenOS and TokenCloud, revenue from the Token business accounts for over 10% In the first half of this year, the company proactively pioneered the Token business model, enabling data token calls to drive AI-based business decisions. Currently, the Token business model has been implemented in multiple high-value scenarios and has undergone successful commercial validation. During the first half of the year, revenue from the Token business model surpassed 10% of total revenue, with strong growth in ARR (Annual Recurring Revenue). It has become a new engine for revenue growth, and the commercialization of the token economy has far exceeded expectations. The company launched the world’s first TokenOS operating system, which focuses on data capabilities. It transforms enterprises’ multi-source, heterogeneous data in real time into standardized, measurable, and priceable scenario-based tokens, establishing a seamless end-to-end pipeline from data ingestion to model invocation. This enables enterprise data to be directly utilized as tokens and drives the implementation of token factories across various industries. Building on this foundation, the company has also launched the TokenCloud platform, which focuses on model capabilities and “data + model” capabilities. This accelerates the development of an integrated, end-to-end product and service ecosystem spanning “computing power—data—tokens—models—applications,” covering the entire lifecycle from underlying computing power scheduling and data tokenization to model inference optimization, as well as the refinement, tuning, and deployment of enterprise-specific small models. This drives the transformation of AI from a general-purpose capability into enterprise-specific productivity. TokenOS and TokenCloud work in tandem to provide enterprise customers with a one-stop AI infrastructure, enabling them to reduce deployment costs and improve matching efficiency across computing power, data, and models. This “operating system + cloud platform” dual-drive architecture forms the company’s strong competitive barrier, helping it become the computing infrastructure partner for enterprise AI transformation. Accelerated Penetration Across Diverse Industries and Substantial Progress Toward Internationalization Xunce Technology began in the asset management industry, which has the most stringent requirements for data real-time performance. It has now extended its AI real-time data processing capabilities to eleven high-value, high-barrier industries, including telecommunications, electric power, energy, urban operations, and high-end manufacturing. The company is accelerating its penetration across diverse industries, and its ability to replicate solutions across sectors continues to be validated. In the first half of this year, the company collaborated with PATEO Connect and Saimo Technology to jointly develop a token-based physical AI and world model, entering the smart connected vehicle sector; it partnered with three major domestic GPU manufacturers—MetaX, Iluvatar CoreX, and Biren Technology—to build a “computing power + data” closed-loop system; and through a strategic partnership with Shenzhen Kaihong, it implemented tokenization capabilities within the HarmonyOS ecosystem to explore world models and physical AI. The “Scenario Token Factory” model continues to be validated across multiple industries, scenarios, and ecosystems. As a result, the company’s revenue from diversified industries rose to 87.6%, making its business structure more diversified and opening up broader growth opportunities for the company. In addition, the company is actively expanding its overseas operations, accelerating the global rollout of the TokenOS operating system and its tokenization business model; it has also entered into strategic partnerships with the Shenzhen Data Exchange and the Beijing International Data Exchange, laying the foundation for global expansion. In the first half of the year, the company’s overseas revenue reached 11.86 million yuan，year-over-year increase of 264%. Four-Stage Evolution of AI Data Infrastructure: Strategic Initiatives Across Five Key Directions Looking ahead, Xunce Technology has established a strategic evolution path for the four-stage transformation of AI data infrastructure: starting with data governance (1.0), progressing through the tokenization phase (2.0), and moving toward a global token exchange platform (3.0) in the future, while accelerating the training and large-scale deployment of enterprise-level small models (4.0). Specifically, in Phase 1.0, the company began in the asset management industry and expanded across sectors, fully validating its cross-industry data governance capabilities. In Phase 2.0, the company used TokenOS to refine enterprise private data into high-quality scenario-based tokens and provided one-stop services through the end-to-end integrated cloud service platform TokenCloud, opening up a growth channel for its token business. In Phase 3.0, the company will launch a global Token exchange platform to break down barriers to Token circulation across enterprises, industries, and scenarios. In Phase 4.0, the company will use enterprise-grade small models to bridge the “last mile” of AI implementation, forming a complete closed-loop ecosystem of “computing power—data—Tokens—models—applications.” At the same time, the company will implement strategic initiatives across five key areas: First, deepening the evolution of its business model by accelerating the transition from project-based and subscription-based models to exploring a Token-based business model; second, accelerating cross-industry replication through a “high barriers, high value” expansion strategy to continuously unlock growth opportunities across diverse industries; third, pioneering cutting-edge applications to secure a leading position in future industries; fourth, building a strategic partnership ecosystem to forge deep ties with upstream and downstream players in computing power and algorithms; and fifth, steadily expanding overseas operations to lay the groundwork for a global footprint. By implementing strategic initiatives across these five key areas, the company will continue to create commercial value for its customers and usher in a new cycle of exponential growth. These impressive financial results mark a turning point for Xunce Technology as it officially begins to realize its value. At a time when demand for high-quality industry data is surging due to the inference requirements of large AI models, the company has built a solid competitive moat through its proprietary token system and opened up vast opportunities for revenue growth through “in-depth cross-industry development and international expansion.” In the future, as the ecosystem of token exchange platforms matures and enterprise-level small-model applications are implemented, this will significantly expand the potential for profit growth, propelling Xunce Technology onto a fast track of rapid development.
- Leading Across All Metrics: Xunce Technology Reports Record-High Mid-Year Revenue and Net Profit; AI-to-B Platform Enters a New Cycle of Exponential GrowthHONG KONG, Aug 21, 2026 - On August 21, Xunce Technology (03317.HK) released its 2026 interim results report: In the first half of the year, the company achieved revenue of 967 million yuan, a significant year-over-year increase of 389%, setting a new record high for the same period; net profit attributable to shareholders was 72.5 million yuan, compared to a net loss attributable to shareholders of 89.4 million yuan in the same period last year, marking the company’s first profitable first half of the year; Adjusted net profit was 67 million yuan, compared to an adjusted net loss of 105 million yuan in the same period last year, marking a comprehensive turnaround from loss to profit; the gross profit margin reached 60.1%, remaining stable at a high level; total assets were approximately 3514 million yuan, net assets were approximately 2482 million yuan, and with ample cash on hand, reflecting a significant improvement in operational quality. As a leading provider of AI real-time data infrastructure and analytics services in China, Xunce Technology made breakthrough progress in the first half of the year across business models, product innovation, industry penetration, and international expansion. The company led the industry across all key metrics, officially transitioning from the “investment phase” to the “profit realization phase,” while also exploring new avenues for profitability. Four Key Drivers Fuel Strong Revenue Growth and Continued Improvements in Operational Efficiency In the first half of 2026, against the backdrop of the 15th Five-Year Plan designating artificial intelligence as a national strategic priority, enterprise-level AI is accelerating its transition from model training to practical inference deployment, and from general-purpose capabilities to industry-specific applications. As a result, demand from enterprises for high-quality, structured, scenario-based real-time data is growing exponentially. Facing these significant development opportunities, Xunce Technology based on the FDE model, has expanded its end-to-end data processing and tokenization capabilities—covering everything from data acquisition to large-model fine-tuning—to transform dispersed and heterogeneous enterprise data into data tokens. This helps clients reduce costs, improve efficiency, maximize the business value per token, and achieve more agile, data-driven decision-making. Currently, the company has penetrated eleven high-value, high-barrier industries and developed over 400 functional modules. It has refined three core technological advantages: millisecond- and second-level real-time response, 100% accurate data processing, and data tokenization, connecting computing power to algorithms and taking responsibility for clients’ business outcomes. The company delivered strong performance in the first half of the year, with both revenue and net profit reaching all-time highs. The high revenue growth was primarily driven by the synergistic effect of four key drivers: accelerated deployment of enterprise-grade AI real-time data infrastructure, accelerated penetration into diverse industries, the implementation of the Token business model, and the expansion of international operations and ecosystem development. The significant turnaround in profitability was driven by a steady increase in the proportion of high-margin businesses; the realization of economies of scale from a platform-based and modular product architecture, leading to significantly improved operational efficiency and further optimization of the structure of R&D, sales, and general and administrative expenses; improved cash management efficiency, and investment income contributing to incremental profits. At the same time, the company’s operational efficiency has continued to rise. It has established a data development system centered on the AIDP platform, automating data development tasks. Its solutions are deeply integrated into clients’ self-managed cloud or on-premises systems, serving as a “data hub” that deeply embeds AI into corporate clients’ core business processes, supports high-quality business decision-making, and thereby continuously enhances clients’ willingness to pay;In the first half of the year, the company’s ARPU jumped from 1.64 million yuan to 5.56 million yuan, marking a significant year-over-year increase of 240 percent. Customer retention rates have long remained above 90%, fully demonstrating the strong lock-in effect and high customer stickiness resulting from the deep integration of the product into clients’ business processes, with per-capita revenue surged by 379% year-over-year, placing its labor efficiency among the highest in the AI technology sector. Driven by the dual engines of TokenOS and TokenCloud, revenue from the Token business accounts for over 10% In the first half of this year, the company proactively pioneered the Token business model, enabling data token calls to drive AI-based business decisions. Currently, the Token business model has been implemented in multiple high-value scenarios and has undergone successful commercial validation. During the first half of the year, revenue from the Token business model surpassed 10% of total revenue, with strong growth in ARR (Annual Recurring Revenue). It has become a new engine for revenue growth, and the commercialization of the token economy has far exceeded expectations. The company launched the world’s first TokenOS operating system, which focuses on data capabilities. It transforms enterprises’ multi-source, heterogeneous data in real time into standardized, measurable, and priceable scenario-based tokens, establishing a seamless end-to-end pipeline from data ingestion to model invocation. This enables enterprise data to be directly utilized as tokens and drives the implementation of token factories across various industries. Building on this foundation, the company has also launched the TokenCloud platform, which focuses on model capabilities and “data + model” capabilities. This accelerates the development of an integrated, end-to-end product and service ecosystem spanning “computing power—data—tokens—models—applications,” covering the entire lifecycle from underlying computing power scheduling and data tokenization to model inference optimization, as well as the refinement, tuning, and deployment of enterprise-specific small models. This drives the transformation of AI from a general-purpose capability into enterprise-specific productivity. TokenOS and TokenCloud work in tandem to provide enterprise customers with a one-stop AI infrastructure, enabling them to reduce deployment costs and improve matching efficiency across computing power, data, and models. This “operating system + cloud platform” dual-drive architecture forms the company’s strong competitive barrier, helping it become the computing infrastructure partner for enterprise AI transformation. Accelerated Penetration Across Diverse Industries and Substantial Progress Toward Internationalization Xunce Technology began in the asset management industry, which has the most stringent requirements for data real-time performance. It has now extended its AI real-time data processing capabilities to eleven high-value, high-barrier industries, including telecommunications, electric power, energy, urban operations, and high-end manufacturing. The company is accelerating its penetration across diverse industries, and its ability to replicate solutions across sectors continues to be validated. In the first half of this year, the company collaborated with PATEO Connect and Saimo Technology to jointly develop a token-based physical AI and world model, entering the smart connected vehicle sector; it partnered with three major domestic GPU manufacturers—MetaX, Iluvatar CoreX, and Biren Technology—to build a “computing power + data” closed-loop system; and through a strategic partnership with Shenzhen Kaihong, it implemented tokenization capabilities within the HarmonyOS ecosystem to explore world models and physical AI. The “Scenario Token Factory” model continues to be validated across multiple industries, scenarios, and ecosystems. As a result, the company’s revenue from diversified industries rose to 87.6%, making its business structure more diversified and opening up broader growth opportunities for the company. In addition, the company is actively expanding its overseas operations, accelerating the global rollout of the TokenOS operating system and its tokenization business model; it has also entered into strategic partnerships with the Shenzhen Data Exchange and the Beijing International Data Exchange, laying the foundation for global expansion. In the first half of the year, the company’s overseas revenue reached 11.86 million yuan，year-over-year increase of 264%. Four-Stage Evolution of AI Data Infrastructure: Strategic Initiatives Across Five Key Directions Looking ahead, Xunce Technology has established a strategic evolution path for the four-stage transformation of AI data infrastructure: starting with data governance (1.0), progressing through the tokenization phase (2.0), and moving toward a global token exchange platform (3.0) in the future, while accelerating the training and large-scale deployment of enterprise-level small models (4.0). Specifically, in Phase 1.0, the company began in the asset management industry and expanded across sectors, fully validating its cross-industry data governance capabilities. In Phase 2.0, the company used TokenOS to refine enterprise private data into high-quality scenario-based tokens and provided one-stop services through the end-to-end integrated cloud service platform TokenCloud, opening up a growth channel for its token business. In Phase 3.0, the company will launch a global Token exchange platform to break down barriers to Token circulation across enterprises, industries, and scenarios. In Phase 4.0, the company will use enterprise-grade small models to bridge the “last mile” of AI implementation, forming a complete closed-loop ecosystem of “computing power—data—Tokens—models—applications.” At the same time, the company will implement strategic initiatives across five key areas: First, deepening the evolution of its business model by accelerating the transition from project-based and subscription-based models to exploring a Token-based business model; second, accelerating cross-industry replication through a “high barriers, high value” expansion strategy to continuously unlock growth opportunities across diverse industries; third, pioneering cutting-edge applications to secure a leading position in future industries; fourth, building a strategic partnership ecosystem to forge deep ties with upstream and downstream players in computing power and algorithms; and fifth, steadily expanding overseas operations to lay the groundwork for a global footprint. By implementing strategic initiatives across these five key areas, the company will continue to create commercial value for its customers and usher in a new cycle of exponential growth. These impressive financial results mark a turning point for Xunce Technology as it officially begins to realize its value. At a time when demand for high-quality industry data is surging due to the inference requirements of large AI models, the company has built a solid competitive moat through its proprietary token system and opened up vast opportunities for revenue growth through “in-depth cross-industry development and international expansion.” In the future, as the ecosystem of token exchange platforms matures and enterprise-level small-model applications are implemented, this will significantly expand the potential for profit growth, propelling Xunce Technology onto a fast track of rapid development.
- COSMOS, Intel, and Airspan to Test and Evaluate OCUDU in End-to-End, 5G/NextG Deployment ScenariosCompanies: IntelPLANO, Texas, August 20, 2026--The Cloud Enhanced Open Software Defined Mobile Wireless Testbed for City-Scale Deployment (COSMOS), a National Science Foundation PAWR (Platform for Advanced Wireless Research) platform led by Rutgers University/WINLAB together with Columbia University and New York University, has embarked on a collaboration with Intel and Airspan Networks to integrate, test, and evaluate the OCUDU (open source CU/DU) software stack in the context of end-to-to open source 5G deplo
- 遗漏诉讼事项披露曾被监管警示 正导技术IPO上会前一个月内完成诉讼和解每经记者｜胥帅 每经编辑｜魏官红 8月21日，浙江正导技术股份有限公司（以下简称“正导技术”）将迎来北交所IPO上会，日前更新了新一版的上会稿。 这家业绩高速增长的弱电线缆企业，被外界重点关注的不仅有财务数据，还有一起境外诉讼。由于公司直至2024年3月才补充披露相关事项，相继被全国股转公司口头警示、浙江证监局出具警示函并记入诚信档案。就在本月，正导技术与加拿大客户HSC公司达成和解，实际支出26.61万美元（折合约181.22万元），并由实控人及高管自掏腰包补偿公司损失。截至上会稿签署日时，和解协议已全部履行完毕，本案（包含本诉及反诉）已终结。 8月21日，正导技术IPO将上会。根据招股书及问询回复，正导技术是一家专业从事弱电线缆和精密导体设计、生产和销售的国家高新技术企业。受下游智能通信（5G通信、物联网等）行业景气度的带动，公司在报告期内（2023年至2025年）业绩持续大幅增长。 数据显示，正导技术营业收入从2020年的
- Addressing Cross-Border Transit Demand at New Huanggang Port: Weixin Pay, Wonder and Koon Wing Motors Join Forces to Introduce 'Wonder Transit X' Smart Mobility PlatformWith the imminent inauguration of the new Huanggang Port, cross-border transport demand between Shenzhen and Hong Kong is set to rise further. To drive the digital transformation of Hong Kong’s green minibuses and facilitate cross-border travel between Hong Kong and the Chinese Mainland, Wonder, a leading FinTech and payments platform for merchants in Hong Kong and Asia-Pacific, Weixin Pay (WeChat Pay), and Koon Wing Motors signed a cooperation intention at the “Hong Kong Minibus Smart Transit Cooperation Signing Ceremony” held on 18 August 2026. This cooperation marks a pivotal milestone in the integration of public transportation between Hong Kong and the Chinese Mainland. By deploying the Wonder Transit X smart mobility platform across Hong Kong’s green minibus network, the initiative will comprehensively drive innovation in smart payments, smart ticketing, and digital operations, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers, further deepening the integration of FinTech with Hong Kong’s public transit sector. Under the cooperation agreement, Wonder Transit X will be integrated into the green minibus fleet operated by Koon Wing Motors, seamlessly bridging Weixin Pay, Wonder’s smart mobility solutions, and the local green minibus network. In particular, routes servicing the new Huanggang Port will introduce Wonder Transit X to support a versatile array of electronic payment methods, including Weixin Pay, thereby streamlining cross-border commutes for both tourists and local residents. This cooperation will introduce various digital payment options and digital operational capabilities to these critical routes, elevating the passenger journey while empowering operators to optimize ticketing, transaction processing, and daily administrative efficiency. This deployment signifies the official expansion of Wonder Transit X into Hong Kong’s green minibus sector, laying a solid foundation for the digital transformation of local public transport. Wayne Chen, Regional Head of Hong Kong, Macau and Taiwan, Weixin Pay, said, “Minibuses are a cornerstone of Hong Kong's transit infrastructure, essential for both the immersive travel experiences of tourists and the everyday needs of Greater Bay Area residents. We believe this cooperation with Koon Wing Motors will significantly optimize transit efficiency, eliminate the friction of cash handling, and digitally transform the 'last mile' of cross-border connectivity.” Ma Kiu Sang, Director of Yan Yan Motors Ltd., a subsidiary of Koon Wing Motors, said, “To enhance the commuting experience for passengers utilizing our green minibuses post-clearance at the Heung Yuen Wai and new Huanggang ports, we have upgraded our fleet with a state-of-the-art digital payment system. In addition to Octopus, cross-border passengers can now pay fares using Weixin Pay, credit cards and a wide array of digital payment methods, making every journey smoother and more convenient.” Jason Ngan, Founder and CEO of Wonder, said, “This cooperation underscores Wonder’s unwavering commitment to advancing smart city infrastructure through FinTech. By integrating Wonder Transit X into an expanding network of green minibuses, we are delivering more accessible, diversified, and globally recognized payment options to passengers, while injecting fresh impetus into the digital transformation of Hong Kong’s public transit system. Whether serving local residents, mainland visitors, or international tourists, our platform ensures everyone can utilize their preferred payment methods for a frictionless and inclusive travel experience. Given the intensifying cross-border connectivity, incorporating commonly used payment tools in the Chinese Mainland like Weixin Pay into minibus routes connecting port-adjacent communities directly addresses the pragmatic needs of cross-border passengers. We look forward to working with Weixin Pay and Koon Wing Motors to seamlessly integrate smart payment capabilities into the daily commutes of Hong Kong citizens and facilitating cross-border travel, further cementing Hong Kong's leading position as an international smart city.” Wayne Chen, Weixin Pay (WeChat Pay), Regional Head of Hong Kong, Macau and Taiwan; Ma Kiu Sang, Director of Yan Yan Motors, a subsidiary of Koon Wing Motors; and Jason Ngan, Founder and CEO of Wonder, at the Hong Kong Minibus Smart Transit Cooperation Signing Ceremony. Digitalizing Public Transit: Elevating the Passenger Experience and Operational Efficiency Public transportation is an integral component of daily life in Hong Kong. In tandem with ongoing smart city initiatives, the digital transformation of public transit has become paramount. This cooperation will offer convenience to passengers on the relevant green minibus routes. Local residents, Mainland visitors and international travelers can seamlessly settle fares using a comprehensive suite of digital payment solutions tailored to their preferences, including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover, Diners, and BOC Pay. This effectively eliminates the reliance on cash and exact change — a critical advantage during peak transit hours and short-haul journeys. Furthermore, digital payments ensure transparent transaction records and instant confirmation, granting passengers peace of mind and real-time visibility into their fare expenditures. Over the long term, this cooperation will drive the modernization of minibus services, aligning them more closely with the contemporary needs of the public. Beyond serving local communities, this cooperation significantly refines the cross-border travel experience between Hong Kong and Chinese Mainland. Specific routes act as vital arteries connecting border communities, offering essential transit links for frequent cross-border travelers. Notably, as a flagship infrastructure project between Shenzhen and Hong Kong, the new Huanggang Port's connecting minibus routes will feature this diversified digital payment system. Mainland visitors can utilize familiar platforms such as Weixin Pay, mitigating the friction of acquiring Hong Kong currency upon arrival and ensuring a fluid transit experience. As minibus services increasingly integrate with border checkpoints, community transit hubs, and broader railway networks, this streamlined payment infrastructure will be instrumental in enhancing cross-border travel convenience. For operators, the Wonder Transit X platform centralizes fare configuration, transaction logging, and operational data analytics, substantially reducing administrative overhead. The system dynamically accommodates complex fare structures across varying routes, section fares, and passenger categories, supporting fare collection and management for various ticket types including adults, children and seniors. Leveraging robust digital transaction ledgers and backend administrative tools, operational teams can gain better insights into transaction and operational conditions across various routes, laying the groundwork for digital fleet management and service optimisation, ultimately elevating the experience for both frontline drivers and passengers. Green minibuses under Koon Wing Motors now feature a new electronic payment system offering a wide range of payment methods including Weixin Pay, PayMe, UnionPay, UnionPay app, JCB, Visa, Mastercard, Discover, Diners and BOC Pay. Wonder Transit X: “Any Payments. Any Transportation.” Wonder Transit X is a comprehensive, all-in-one smart payment platform engineered specifically for the transit sector. Anchored by the product philosophy of “Any Payments. Any Transportation.”, it integrates passenger payment processing, fare routing rules, transaction confirmation, and fleet management into a single platform. The platform is designed to deliver a streamlined, intuitive, and secure payment experience for commuters, while empowering operators with robust tools for complex fare structures, transaction records, and day-to-day fleet operations. Beyond green minibuses, Wonder Transit X supports various modes of transport and integrates with existing transport systems, making it highly adaptable for taxis, ferries, and broader public transit applications. Smart Upgrades for Green Minibuses: A Benchmark for Public Transit Digitalization This cooperation illustrates the seamless expansion of smart transit platforms from fundamental payment gateways into comprehensive ticketing and operational management solutions. By unifying payment processing, fare structuring, and operational analytics, the platform fosters a more efficient, intelligent, and sustainable public transit model. This implementation will serve as a benchmark and operational blueprint for other public transport operators considering smart mobility solutions in the future. Through this cooperation, Weixin Pay is extending its frictionless payment ecosystem deeper into daily commuting scenarios. Passengers utilizing Weixin Pay will benefit from the enhanced convenience of using their preferred payment option on designated green minibuses. Ultimately, this cooperation not only accelerates the digital transformation of Hong Kong’s green minibuses but also enhances cross-border mobility by optimizing the transit payment experience at border checkpoints. It simultaneously promotes the growth of Hong Kong's local payment ecosystem, cross-border payment convenience, and smart mobility services, injecting new momentum into Hong Kong's smart city development. Green minibus routes operated by Koon Wing Motors serve vital port-adjacent communities, delivering a smart travel experience for cross-border passengers between Hong Kong and the Chinese Mainland. Wonder: Committed to “Making Payments Simple” Through Technology As a leading FinTech platform serving businesses in Hong Kong and the Asia-Pacific region, Wonder's mission is to "make payments simple", leveraging technology to simplify payment processing, collections, and capital management. The platform integrates online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and digital financial services. Furthermore, it supports digital onboarding, e-KYC, instant settlement, and SME financing. Through these solutions, Wonder empowers businesses to maximize operational efficiency and expand their payment capabilities across diverse sectors, spanning business operations, public services, and daily mobility. Backed by robust technological capabilities and a culture of innovation, Wonder has achieved notable milestones in recent years, including: secured a USD6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW in 2019; introduced the T+0 instant settlement for digital taxi payments in Hong Kong in 2023, accelerating daily fare reconciliation for drivers; recognized as the first FinTech firm authorized by the Hong Kong Transport Department to deploy digital payment acceptance infrastructure within taxis in 2024; appointed as Octopus's inaugural omnichannel payment service provider in Hong Kong, enabling merchants to accept Octopus and over 30 alternative payment methods seamlessly via a unified platform; and successfully raised a USD12 million venture debt from HSBC Innovation Banking in February 2026 to support business growth across the Asia-Pacific region and product development. Please click here to download the high-resolution images. About Wonder Wonder is a leading payments and FinTech platform for merchants in Hong Kong and the Asia-Pacific region, dedicated to leveraging technology to simplify payment processing, collections, and capital management for businesses across all industries. The platform provides one-stop payment, capital management and digital financial solutions for merchants and enterprises of varying scales, encompassing online and offline collections, corporate accounts, digital payments, business expense management, transaction management, and instant settlement. Wonder is Hong Kong’s first full-stack omnichannel payments platform, allowing merchants to complete KYC onboarding digitally in minutes, open an account, accept payments, pay digitally, and manage transactions, all from a single platform. Key products include Wonder App, Wonder Terminal, Wonder Dashboard, Wonder Card, Wonder Taxi, and Wonder Transit X. Headquartered in Hong Kong, Wonder completed a USD 6 million Series A funding round led by Hong Kong Telecom (HKT) / PCCW and raised a USD 12 million venture debt from HSBC Innovation Banking. The Company has offices in Hong Kong, Japan, Taiwan, Singapore, Malaysia and the Chinese Mainland, continuously driving the advancement of payments, FinTech, and digital operational services across Asia. For more information, please visit https://wonder.app. About Weixin Pay (WeChat Pay) Weixin Pay is the mobile payment solution integrated within the Weixin/WeChat application and is one of China's leading mobile payment services. Its mission is to provide users and businesses with secure, convenient, and professional payment experiences. In China, Weixin Pay covers nearly every aspect of daily life, both online and offline. The cross-border Weixin Pay service is available in 78 countries and regions, supports 36 currencies, and covers a wide range of scenarios including restaurants, retail, transportation, tourist attractions, and education payments, helping international merchants effectively serve Chinese consumers. Visit https://pay.weixin.qq.com/ About Koon Wing Motors Koon Wing Motors manages a comprehensive network of green minibuses across Hong Kong, serving as a long-standing transit provider for residents. Capitalizing on extensive expertise in green minibus fleet management and operations, Koon Wing Motors remains steadfastly committed to enhancing the accessibility and reliability of public transportation, delivering a seamless, frictionless commuting experience for local residents and cross-border passengers. For media enquiries, please contact: Frement Financial PR Team Tel: (852) 9461 9199