Automotive
Krishna Automotive, the authourised BMW dealer partner in Hyderabad, has strengthened its operations by inaugurating its comprehensive service workshop and dedicated BMW Premium Selection facility. The dealership now provides customers in Telangana with seamless access to new BMW vehicles, certified pre-owned models and expert aftersales care. Krishna Automotive’s presence in Hyderabad is anchored by its […]
Oct 22 · 11:51·Webnewswire
Automotive · Biotech & pharma
Oral presentation will feature preclinical research evaluating Tikva's armored allogeneic CD19 CAR T-cell therapy as a potential lymphodepletion-free approach for systemic lupus erythematosus SINGAPORE, Oct. 22, 2026 -- Tikva Allocell Pte. Ltd. ("Tikva"), a biotechnology...
Oct 22 · 11:03·PR Newswire
AI · Automotive
DUBAI, UNITED ARAB EMIRATES, October 22, 2026 / EINPresswire.com / -- • A strategic move to better serve regional clients and lead major transport projects • Frédéric Van Heems: “We are committed to a long-term partnership to lead future mobility projects across the region.” • Alistair Gordon: “The headquarters strengthens our strategic partnerships and supports the development of AI-powered smart mobility solutions.
Oct 22 · 10:41·EIN Presswire
Automotive
The Electric Vehicle E Axle Market size was valued at US$ 72.5 billion in 2025 and is projected to reach US$ 277.44 billion by 2033, growing at a CAGR of 18.26% during 2026–2033. Market growth is best read through customer ...
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Oct 22 · 10:18·PR News Releaser
Healthcare · Automotive
October marks a global moment for eye‑health advocacy, and Sierra Leone’s most anticipated cataract outreach campaign is entering a new phase of acceleration in the fight against avoidable blindness. The influential campaign is delivered by Choithram International Foundation (https://www.Choithrams.com/) in association with Noor Dubai Foundation, led by CEO Dr. Manal Taryam as part of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), and the Ministry of Health, Sierra Leone alongside Choithram Memorial Hospital, reflecting a shared commitment to world‑class eye care and the elimination of preventable blindness.
Download Document: https://apo-opa.co/4ihCOKT
Download Infographic: https://apo-opa.co/4z72uky
Conceived in 2024, the multi‑year initiative has restored sight to thousands of Sierra Leoneans through free cataract surgeries, community screenings, and long‑term capacity building. Cataracts remain the leading cause of blindness in the country, where the 2021 RAAB study found that 5.4% of adults over 50 are blind, with cataracts responsible for nearly 60% of cases.
A newly published peer-reviewed study in BMJ Open provides important evidence from the programme's first implementation cycle, demonstrating improvements in patients' vision-related quality of life while highlighting the operational challenges and adaptations necessary to deliver cataract services in resource-constrained settings.
A Year of Acceleration
The second surgical cycle, conducted between March and August 2026, marked a turning point. More than 5,768 adults were screened or consulted, 2,460 received medical treatment, and 1,522 cataract surgeries were performed, all this while also managing additional surgical interventions and referrals. It makes Year Two one of the largest eye‑care outreach efforts in Sierra Leone’s history, with patients travelling from across the country and neighbouring Guinea and Liberia, underscoring the programme’s growing regional reach and influence.
Capacity building, a core goal of the campaign, has also seen a clear uptick. Seventeen ophthalmic professionals were trained across clinical and surgical roles, including cataract surgeons, ophthalmology nurses, OT nurses, and registrars, further strengthening the country’s long‑term eye‑care workforce.
WHO (World Health Organization) notes that more than 80% of global vision impairment is preventable or treatable, underscoring the importance of programmes that combine service delivery with long‑term capacity building. This aligns with WHO’s 2030 global eye‑care targets, which call for major increases in effective cataract surgical coverage and sustained investment in national eye‑health systems.
Two operating theatres ran simultaneously at Choithram Memorial Hospital, supported by Sierra Leonean staff trained through monthly exchanges with Choithram Netralaya (India). Every patient received surgery, medication, transport, accommodation, and follow‑up care at no cost, establishing a model that continues to set a benchmark for accessible eye care in the region.
To help ensure that the programme delivers lasting impact, researchers Dr Gabriel Osei-Anokye and Dr Ving Fai Chan from Queen’s University Belfast (QUB) and Dr M Mansur Rabiu from Noor Dubai Foundation are leading a comprehensive evaluation. The evaluation examines programme efficiency, patient satisfaction, quality of care, and changes in patients’ quality of life following cataract surgery.
Aligned with WHO standards, the research assesses not only improvements in vision and clinical outcomes, but also the wider psychosocial and socioeconomic benefits of restoring sight among people who have limited access to cataract services. Drawing on expertise in global health and eye care, the team is generating evidence to identify what works, where improvements can be made, and how lessons from the programme can inform future outreach. These findings will support the continued strengthening and sustainability of cataract services in Sierra Leone and provide learning that may be relevant to similar programmes elsewhere.
Human Impact at the Centre
For many beneficiaries, restored sight means restored independence. One patient, Isatu Kamara, shared: “My right eye is now very bright. I am happy with the result and I look forward to coming back next year for the left eye.”
Such stories reflect the programme’s broader social impact, enabling farmers to return to work, caregivers to regain mobility, and older adults to reconnect with their families. Quality of life improves immediately, restoring dignity and participation in socio‑economic life.
Independent Evaluation Published in BMJ Open Strengthens the Evidence Base
A peer-reviewed study published in BMJ Open on 9 October 2026 evaluated the programme's first implementation cycle (February–August 2025), examining its achievements, operational challenges and adaptations during implementation. Led by researchers from Queen's University Belfast and programme partners Noor Dubai Foundation, the study reported that 9,117 individuals were screened and 1,433 cataract surgeries performed in Year One of the cycle. Among 271 patients with complete follow-up assessments, vision-related quality of life improved significantly by an average of 17 points, particularly in mental health, near-vision and distance-vision activities.
Beyond these achievements, the evaluation highlighted important challenges, including workforce limitations, transportation barriers, incomplete clinical records and low postoperative follow-up attendance, with only 19% returning at one month. The findings emphasise that successful cataract outreach requires more than delivering surgeries; it also depends on effective referral pathways, continuity of care and responsive programme management. Lessons from the first cycle have helped identify opportunities to strengthen subsequent implementation cycles and offer valuable insights for similar programmes in resource-constrained settings.
Voices from the Partnership
Mr. L.T. Pagarani, Chairman, Choithrams Group
“Goodness inspires more goodness, and this second year of our cataract outreach shows exactly that. After restoring sight for hundreds of people in our first cycle, we returned with even greater resolve to deepen our collaborative action. We are grateful to the Government of Sierra Leone, especially the Ministry of Health, for their partnership, and to Noor Dubai Foundation for their leadership and guidance. Above all, we honour the dedication of our doctors and staff whose work makes this impact possible. The celebration of restored vision belongs as much to the beneficiaries as it does to all of us who believe in the power of service to society.”
Drs. Gabriel Osei-Anokye and Ving Fai Chan, Queen’s University Belfast
“The progress we see in this second year is the careful reflection, rigorous evaluation, and a shared commitment to learning from the first cycle. Our research shows that when cataract programmes use evidence to continually improve how services are delivered, the benefits extend far beyond better vision. People regain mobility, confidence, independence, and the ability to participate more fully in their families and communities. Sierra Leone’s experience shows how strong leadership, continuous learning, and cross-sector collaboration can deliver high-quality outcomes even in challenging settings. Restoring sight is therefore more than a medical intervention; it is about enabling people to regain independence, opportunity, and their place in community life.”
Looking Ahead: A Bigger, Faster, More Connected Year Three
The programme now moves into its third cycle, scheduled from January to April 2027, marking another step in Sierra Leone’s long‑term journey toward eliminating avoidable blindness. With approximately 80 working days earmarked for clinical interventions, partners aim to perform 2,500 to 3,000 cataract surgeries, the most ambitious target yet, reflecting rising demand and growing national capacity.
Preparations are already underway. Level 1 screenings began on 1 September, with a deliberate focus on rural provinces where access to eye care remains limited. Strengthening collaboration with district health authorities is central to this next phase, ensuring increased referrals and earlier identification of at‑risk patients.
Operationally, Year Three will rely on the expanded cadre of Sierra Leonean ophthalmic staff trained during the first two cycles, supported by ongoing mentorship from Choithram Netralaya (India). With an average of 40 surgeries per day, the programme is moving steadily toward domestic clinical self‑sufficiency while maintaining world‑class standards of care.
Distributed by APO Group on behalf of Choithram International Foundation.
Links to additional content:
Testimonials of beneficiaries in links below:
Link 1: https://apo-opa.co/4z9MeiU
https://apo-opa.co/4sms9mL
Please refer to the following study for implementation lessons from a high‑-volume cataract screening and surgical programme in Sierra Leone:
Full paper available at: https://apo-opa.co/4z5wX2z
Detailed Year 1 Report Link: https://apo-opa.co/4yXEnEM
Detailed Year 1 Ophthalmic Training Report Link: https://apo-opa.co/47udPiv
The Infographic Shows Effective Management for Sustainable Outcomes: How Sierra Leone’s Cataract Outreach Model Restores Sight Through Coordinated Planning, Collaboration, and Data‑-Driven Impact.
About Noor Dubai Foundation, Dubai, UAE:
Noor Dubai was launched with the vision of a world free from avoidable causes of blindness. therapeutic, preventative and educational programmes to treat and prevent blindness and visual impairment in developing countries on a regional and international scale.
Following the success achieved of reaching out to over 5.8 million individuals worldwide in its first year, a decree was passed by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, launching the Noor Dubai Foundation as a non-governmental, non-for-profit organization, aiming to eliminate all forms of preventable blindness globally.
About Queen’s University Belfast, UK:
About Choithram Netralaya – Indore, India:
Choithram Netralaya is a one-stop solution for all eye problems, and provides comprehensive eye care services covering Cataracts, glaucoma, Orbit & Oculoplasty, Cornea & Retina, Paediatric Ophthalmology, Community Ophthalmology, Ocular Oncology, Corneal Transplant, Squint, Ocular Trauma, Neuro-Ophthalmology, Uveitis, Low vision aids & visual rehabilitation, Ocular Prosthesis, and Ophthalmic Anaesthesia, among other services.
About Choithram Memorial Hospital, Freetown, Sierra Leone:
Choithram Memorial Hospital (CMH) is a leading multispecialty healthcare provider in Freetown, Sierra Leone, committed to delivering high-quality, accessible medical care. Established in 1993, CMH has grown into one of the country’s most trusted hospitals, offering a wide range of services, including cardiology, neurology, ophthalmology, and emergency care. Situated on a five-acre campus, the hospital is equipped with modern facilities and a dedicated team of medical professionals. CMH plays a vital role in Sierra Leone’s healthcare ecosystem, providing comprehensive treatment while ensuring affordability and accessibility for all patients
Oct 22 · 10:00·APO Group
Automotive
Used EVs are reliable and save thousands a year on fuel—without the new car price tag. But where you live heavily impacts your options.
Oct 22 · 10:00·GlobeNewswire
AI · Real estate
On October 21, President Abdel Fattah El-Sisi participated in a session on "Homeland and Citizen Security", held on the third day of the Egypt Forum 2026. Prime Minister Dr. Moustafa Madbouly and Minister of Defense and Military Production, Lieutenant General Ashraf Salem Zaher attended and Minister of Interior Major General Mahmoud Tawfik, Minister of Foreign Affairs, International Cooperation, and Egyptian Expatriates Dr. Badr Abdelatty and the Chief of the Armed Forces Operations Authority, also Head of the National Authority for Crisis and Emergency Management Lieutenant General Mohamed Abdel Rahman Rabie participated in the session.
The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, stated that the session started with screening of film that highlighted the efforts of state institutions, mainly the Ministry of Interior, to ensure security and safety for citizens, particularly since January 2011. The Minister of Interior outlined the efforts undertaken to advance the security apparatus, combat criminal activity, restore security to Egyptian streets, and ensure a rapid response to citizens' reports. As an example, he noted a significant decline in vehicle thefts—a reduction of 94%. He further explained that the Ministry of Interior has implemented a comprehensive strategy to reshape security operations in light of evolving criminal tactics. This strategy is built upon five pillars: upgrading police facilities and equipping them with modern technology to keep pace with advancements across various sectors; establishing an integrated, science-based security framework that utilizes AI and early detection of criminal patterns to devise effective countermeasures—a process that required modernizing operations centers across all governorates and linking them to a central hub; developing human capital—a prerequisite for the success of this framework—which involved creating new specialized security functions, including units focused on cybercrime, intellectual property, and the early monitoring of terrorist organizations; fostering public awareness to serve as a vital line of defense against attempts to undermine national stability and public safety; and finally modernizing penal policies regarding convicts.
The Chief of the Armed Forces Operations Authority, also Head of the National Authority for Crisis and Emergency Management, outlined the operational mechanisms of both the
In his remarks, the Minister of Foreign Affairs noted that foreign policy has become a matter of interest to all segments of Egyptian society primarily because it is an extension of domestic policy and the two are interconnected. An effective foreign policy stems from domestic stability, while events abroad, in turn, impact the internal situation. He noted that Egypt is surrounded by nations experiencing crises and conflicts, which directly concern Egypt’s national security. He highlighted that Egypt maintains strategic ties and partnerships with various global powers, managing them with wisdom in accordance with the doctrine of "strategic balance" established by the President.
Regarding Red Sea security, he noted that Egypt is working to achieve security and stability, in cooperation with the littoral states, by fostering partnerships across various sectors—including logistics, the economy, and tourism development.
As for the African sphere, the Minister emphasized that Egypt’s economic and developmental future is intrinsically linked to development across Africa. He noted that the President has made 38 visits to African nations—an unprecedented number—underscoring that this outreach strengthens solidarity with the African countries.
The Minister of Foreign Affairs described the issue of water security as an existential matter, asserting that the lives of 110 million Egyptians can not be made contingent upon the unilateral will of any other party. He stressed that Egypt merely calls for the application of international law. He further outlined the principles guiding Egypt’s policy toward the Horn of Africa: non-interference in the internal affairs of other states; respect for the unity and sovereignty of these nations—with a firm rejection of any secession, partition, or fragmentation in the Horn of Africa and the facilitation of maritime access through coordination and agreement with neighboring states.
The Minister reaffirmed Egypt’s historic ties with Sudan, emphasizing its support for Sudan's unity and stability. He stated that Egypt will not permit the division of Sudan, nor will it allow the collapse of its state institutions. Furthermore, he noted that Egypt continues to engage with other regional stakeholders to pursue a political solution in Sudan.
Regarding the Palestinian issue, the Minister reaffirmed the President’s steadfast position that rejects the displacement of Palestinians. He also highlighted Egypt’s ongoing efforts to ensure the continued flow of humanitarian aid, which exceeded one million tons, through the Rafah crossing, while working to preserve the Palestinian cause against schemes aimed at its liquidation and striving to achieve Palestinian consensus.
The President made an intervention to emphasize that undermining state institutions is a recurring tactic intended to cause the collapse of states—a pattern clearly evident during 2011. The President pointed out that the Armed Forces and the Ministry of Interior serve as the two pillars of national security, noting that the Ministry of Interior remains a target. The President further observed that a review of events over the past few years reveals that the idea of targeting and building a negative impression of the Ministry of Interior's practices is persistent, and that there is sometimes unintentional participation in building this impression through daily interaction with events. In this regard, the President stressed that this places a burden on the Ministry of Interior to adopt initiatives to improve and maintain the public's perception of the Ministry. The President reiterated that the targeting of the security institution in 2011 was among the objectives of implementing the plan against the Egyptian State.
President El-Sisi emphasized the necessity of preserving state institutions, noting that the failure to protect them is what leads to the collapse of states, which in turn causes severe problems. The President pointed out that the current situation in the region illustrates this reality.
President El-Sisi emphasized the need to refresh public memory and shed light on the events of 2011 to ensure that they are not repeated. The President referred to the attacks targeting security forces, the storming of police stations and prisons, and the escape of 33,000 prisoners, along with the resulting repercussions.
President El-Sisi mentioned that what had been accomplished regarding the construction, redevelopment, and modernization of reform and rehabilitation centers, stemmed from an ethical, religious, and humanitarian perspective, ensuring the principle that a person should not be punished twice for the same offense. Accordingly, the focus was placed on rebuilding individuals' character and transforming convicted persons into productive members of society. This prompted the state to convert prisons into correctional and rehabilitation centers. The President underscored the importance of arranging visits to these centers to assess the efforts made in this regard.
President El-Sisi reaffirmed that the massive damage inflicted on the country before 2011 had prompted the state to consider a new approach to the security sector's responsibilities concerning detention conditions, an area that is also being targeted. The President therefore instructed the Ministries of Defense and Interior to develop ideas and initiatives for maintaining continuous communication with the Egyptian people, ensuring that no rift occurs between the people and state institutions.
President El-Sisi stated that the fundamental constants of Egypt's foreign policy since 2014 have been based on non-interference in the internal affairs of other states, refraining from conspiracies, preserving the unity of the nation-state and its institutions, refusing to engage with armed militias, cooperating in reconstruction, development, and nation-building, and pursuing positive engagement through balanced relations with all parties.
The President stressed the need to to adhere to strategic balance and avoid letting the state be driven into taking actions or steps based on popular pressure.
The Minister noted that the volume of treated water being reused had reached 23.2 billion cubic meters annually. These efforts aim to protect citizens from the effects of any unilateral measures that might be taken, mitigate the consequences of climate change, and respond to population growth. He also reviewed details of several projects implemented in Egypt to secure water supplies.
With regard to the Ethiopian dam, the Minister noted that Egypt had exercised patience and consistently handled the situation with calm at all times. The Egyptian state had done everything within its power on this issue, both through negotiations and through the Declaration of Principles agreement, which served as a step toward demonstrating Egypt's good intentions toward the Ethiopian people. Unfortunately, however, the Ethiopian side failed to implement the Declaration of Principles.
The Minister further explained that negotiations hosted by Washington had resulted in an agreement approved by the Ethiopian and Sudanese sides, as well as Egypt. The agreement was balanced and served the interests of all parties. However, the Ethiopian side withdrew before signing it. Matters subsequently evolved into different tracks that yielded no results until the Egyptian state decided not to continue negotiations.
The Minister also pointed out that the Nile Basin comprises more than just Ethiopia. During President El-Sisi's tenure, Egypt's relations with the other countries of the southern Nile Basin had reached their highest levels. This cooperation had taken various forms, including Egyptian investments totaling $120 million in these countries; projects involving water wells, dams, and flood protection; technical support for establishing meteorological forecasting centers; and reciprocal visits.
The Minister noted that solutions were available, but achieving them required the necessary goodwill from all parties. He noted that it would be possible to establish an electricity grid connecting Egypt with all Nile Basin countries. Consequently, electricity should not be used as a justification for building dams, since electricity is a technical issue that can be resolved in the future.
He added that if the goals of building dams were to share water resources, the Nile Basin countries receive approximately 7,000 billion cubic meters of rainfall, which could be harnessed, collected, and directed toward agriculture, drinking water, or industry.
The Minister explained that the Nile Basin's annual water resources range from 1,600 to 2,000 billion cubic meters, while Egypt receives 55.5 billion cubic meters annually. This represents less than 3% of the rainfall across the Nile Basin countries. This indicates that there is no water shortage across the Nile Basin as a whole, whereas Egypt faces a water crisis because of its limited water resources. Accordingly, Egypt and the other Nile Basin countries could cooperate to harness available water resources and achieve mutual benefits for all countries in the basin.
President El-Sisi concluded his remarks by emphasizing the need to continue strengthening Egypt's capabilities and ensuring that Egyptian public opinion remains resolute and strong, given the numerous risks facing the country, which are not limited to the Ethiopian dam.
The President added that Arab national security is indivisible, stressing that the stability of Egypt's brothers in the Gulf is a matter of concern to Egypt from a national security perspective. The President further emphasized the need to restore stability throughout the Arab world, including in Sudan, Libya, and Somalia, affirming that Egypt's support for the Gulf states is an extension of the shared Arab national security framework.
President El-Sisi also pointed out that Egypt's military efforts are intended to defend the territory of the Kingdom of Saudi Arabia and do not include launching attacks on Yemen. The President reiterated that the objective is to defend the Kingdom's territory and borders, as well as the territory of any other Arab state if requested of Egypt, and that Egyptian military deployment does not extend beyond Egypt's borders except to aid a sisterly country whose security and stability Egypt is keen to safeguard.
Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.
Oct 22 · 09:50·APO Group
Automotive
The global mobility sharing market is experiencing significant growth as consumers increasingly prefer flexible, affordable, and convenient transportation solutions over traditional vehicle ownership. According to The Insight Partners, the global market size is projected to reach US$ 452.52 billion by 2034 from US$ ...
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Oct 22 · 09:20·PR News Releaser
Finance · Energy
TAIPEI, Taiwan, Oct. 22, 2026 — Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the third quarter ended September 30, 2026, before markets open on November 11, 2026. Gogoro's management team will … Continue reading "Gogoro to Announce Third Quarter 2026 Financial Results on November 11 at 7 a.m. Eastern Time"
Oct 22 · 09:15·PressReach
Finance · AI
Hong Kong, Oct 22, 2026 - Competition in AI has evolved from contests over individual technologies into a new phase defined by coordination across foundational ecosystems and industry value chains. Zhipu, a leading large-model developer, has again expanded its footprint as a limited partner (LP) in the primary market by teaming up with Jiangmen Ventures to establish a cognitive intelligence venture capital fund. QuantGroup (02685.HK), a provider of world foundation models for Physical AI, is among the fund's LPs.
Corporate registration records show that Zhejiang Zhipu Jiangmen Cognitive Intelligence Venture Capital Partnership (Limited Partnership) was incorporated in Shangcheng District, Hangzhou, on 24 September with total subscribed capital of RMB 1 billion. Its business scope covers venture capital, limited to investments in unlisted companies. The fund combines local state-owned capital, industrial investors and specialist investment firms. Two local government-backed limited partners, Hangzhou Shangcheng Linghang Venture Capital Co., Ltd. and Hangzhou Urban Investment Industry Development Investment Partnership (Limited Partnership), hold a combined 60% interest. The other partners are Zhejiang Zhipu Xinpian Technology Co., Ltd., an affiliate of Zhipu; Hainan QuantGroup Technology Co., Ltd., an affiliate of Hong Kong-listed QuantGroup (02685.HK); Hainan Hezun Investment Co., Ltd.; and Hangzhou Jizhi Enterprise Management Consulting Co., Ltd. The latter also serves as the fund's executive partner, and its appointed representative is Du Feng, a founding partner of Jiangmen Ventures. The deadline for partners to pay in their subscribed capital is September 2031.
Industry observers generally expect that collaboration among leading companies raises the success rate of ecosystem-building, reinforcing a Matthew effect in which the strong become stronger. Companies that are first to form ecosystem alliances can secure early access to downstream use cases and early-stage projects. Zhipu has pursued precisely this approach. In 2025, it partnered with Unilumin Group (300232.SZ), a leader in optoelectronic smart display technology, and MetaView to establish Shenzhen Zhixian Robot Technology Co., Ltd., building an innovation ecosystem for AI-powered smart terminals. In the energy sector, iFlytek worked with PetroChina, China Mobile and Huawei to develop the Kunlun large model, helping PetroChina set a new benchmark for AI in energy.
QuantGroup's presence among the LPs has attracted considerable attention. As Hong Kong's first listed "intelligent species" company, QuantGroup positions itself as a provider of world foundation models for Physical AI. It has pursued a two-pillar strategy combining AI-enabled e-commerce solutions with Physical AI, using cash flow from its established consumer business to fund frontier R&D. For infrastructure providers, ecosystem building is a core capability: connecting upstream model developers, midstream embodied-robotics developers, downstream use cases and capital providers to secure a central position in the Physical AI ecosystem during its early development. At the ecosystem level, QuantGroup works with partners including ByteDance's Volcengine, Beijing Ruihong Embodied Intelligence Robot Technology Co., Ltd., an affiliate of Tungkong Inc. (002117.SZ), and Chewujie to build an embodied AI ecosystem. This has extended its commercial reach from restaurant kitchens to brick-and-mortar venues such as car showrooms. Its role as an LP in the cognitive intelligence fund established by Zhipu and Jiangmen Ventures marks another step toward moving upstream in the Physical AI value chain and gaining earlier access to large-model capabilities and early-stage projects.
Building an ecosystem with the first publicly listed large-model company naturally improves the odds of success, as the two sides can combine their strengths, complement one another and develop benchmark industry solutions quickly. Zhipu (02513.HK) listed on the Hong Kong Stock Exchange on 8 January, becoming the world's first publicly listed large-model company. In May, Beijing Zhipu Future Technology Co., Ltd., a wholly owned subsidiary of Zhipu, and Guotai Junan Innovation Investment Co., Ltd., a wholly owned subsidiary of Guotai Haitong, jointly established an RMB 540 million AI industry fund in Zhangjiang, Shanghai. Earlier, in 2024, Zhipu led the establishment of the Z Fund (LinkX Capital), an AGI ecosystem fund with RMB 1.5 billion of assets under management at its first close. According to Zhipu's 2025 financial report, LinkX Capital (Z Fund) had an aggregate value of RMB 1.3027 billion at the end of 2025 and had invested in more than 30 AI companies.
Jiangmen Ventures, which is partnering with Zhipu on the new fund, is an early-stage venture capital firm focused on discovering technology-driven start-ups. It primarily invests in foundational AI technologies and their industrial applications, and was one of Zhipu's Series A investors. The two organizations have a long-standing relationship. The "cognitive intelligence" in the fund's name aligns with Zhipu's large-model technology roadmap. The fund's location in Hangzhou also builds on Zhipu's ties with the city. In March 2025, Zhipu raised more than RMB 1 billion in strategic financing, with participation from Hangzhou municipal state-owned investors including Hangzhou City Investment Industrial Fund and Shangcheng Capital.
Venture capital professionals note that, for companies expanding into Physical AI, investing as an LP in an industry fund led by a leading large-model company can generate financial returns and provide early access to upstream model capabilities and early-stage projects. As large-model competition shifts from pure performance to ecosystem strength, more industrial companies are entering the primary market as investors.
Oct 22 · 09:13·ACN Newswire
Automotive · Industrial
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Oct 22 · 08:09·EIN Presswire