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Driver involved in dangerous overtaking incident summonsed, car impounded

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Source: New Zealand Police

To be attributed to Inspector Mike Brooklands, Manager – Commercial Vehicle and Safety Team:

A driver involved in a dangerous overtaking incident on the Whakapapa Access Road last weekend has been summonsed to appear in court for dangerous driving.

The incident occurred at around 9.20am on 16 August and was captured by the dashcam in an oncoming vehicle.

Police identified and located the driver as a result of information provided by the driver of the oncoming vehicle, and we’d like to thank them for passing information on to us.

The driver of the offending vehicle, a 40-year-old Auckland man, has been summonsed to appear in Taumaranui District Court on 16 October.  The vehicle has also been impounded for 28 days.

This kind of unsafe driving puts both other motorists and the occupants of the overtaking car themselves at risk of serious injury or worse.

In order to overtake safely, drivers need to ensure it is legal and safe to pass.

Drivers should use passing lanes when they are available, or otherwise ensure there is ample clear road ahead before attempting to overtake.

ENDS

Issued by Police Media Centre. 

MIL OSI

AI Agent Drives New Growth︱SY Holdings Reports 2025 Interim Results: Net Profit Up 23%; E-commerce Business Volume Surges Eightfold

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Source: Media Outreach

SHENZHEN, CHINA – EQS Newswire – 18 August 2025 – SY Holdings Group Limited (“SY Holdings” or the “Company”; Stock Code: 6069.HK), a digital intelligence technology company specialising in “AI + industrial supply chain” solutions, announced its interim results for the six months ended 30 June 2025.

According to the announcement, SY Holdings has been deeply implementing its “AI+” strategy, continuously advancing the commercialisation of AI Agent applications to support the growth of SMEs. As of 30 June 2025, the Company recorded a net profit of over RMB 2.03 billion, marking a year-on-year increase of 23%.

Leveraging AI Agent and other advanced technologies, based on comprehensive integration of industry ecosystems and data, SY Holdings fully exploits the benefits of its distinctive risk control model characterised by a “transaction-focused, asset-light” approach. The Company helps SMEs in the supply chain to “secure orders and access funding,” while offering efficient, cost-effective, and high-quality financing facilitation services.

For the six months ended 30 June 2025, the Company reported revenue and income from core business activities of approximately RMB 0.4 billion. The platform facilitated cumulative funding turnover of more than RMB 278.0 billion, a rise of over 29% compared to the same period last year, and served more than 19,100 customers in total, an increase of over 14% year-on-year. SMEs customers accounted for over 97% of the total customer base, with first-time borrowers making up more than 30%. The Company’s platform has helped customers reduce financing costs by at least 30%.

SY Holdings continued to develop its platform-based strategy, with its self-developed AI Agent—”SY Cloud Platform”—as the central hub to establish an efficient and intelligent matching mechanism between the industry and funding partners, supporting the rapid growth of its “asset-light” operating model.

As of 30 June 2025, the platform had established strategic partnerships with over 10 Fortune Global 500 companies and developed relationships with more than 180 funding partners, representing an increase of 31% year-on-year, positioning itself as a key partner for financial institutions in promoting inclusive finance. Based on this foundation, platform-based facilitation business accounted for approximately 88% of the total business volume, up 28 percentage points from the same period last year.

Platform technology service revenue reached approximately RMB 0.21 billion, showing a year-on-year increase of 37% and constituting 52% of total revenue—outpacing its growth target six months early and poised to significantly boost future earnings.

2025 is seen as the inaugural year for widespread commercial use of AI Agents. SY Cloud Platform has thoroughly integrated with popular open-source large language models like DeepSeek, Qwen, and Doubao, leading the way in offering diverse value-add services to its ecosystem partners.

For example, in the infrastructure sector, the platform can automatically gather tender and procurement information through multiple channels, perform data cleaning and data organization, and convert it into a standard format that is easy to analyse, covering key details such as project type, scale, budget, and technical requirements. By leveraging information on suppliers’ business scope, production capacity, qualification level, and historical bidding records, the platform delivers highly relevant tender opportunities directly to suitable suppliers.

Furthermore, the platform offers suppliers assistance with bidding document preparation, analysis of the competitive landscape, and pricing strategy advice, enabling them to enhance both bidding efficiency and success rates. By 30 June 2025, SY Holdings reported its initial revenue from AI-driven order acquisition, with income from AI “order-matching” services surpassing RMB 400,000.

In an era of rapid advances in AI technology, SY Holdings has continued to increase its investment in research and development. As of 30 June 2025, the Company’s cumulative R&D investment was close to RMB 270 million, with R&D personnel accounting for approximately 30% of the total staff. The Company holds 88 national invention patents and computer software copyrights, covering multiple fields including AI, big data, and cloud computing.

Building on this foundation, SY Holdings has developed and deployed a range of innovative applications, such as intelligent document sorting, intelligent contract review, and AI-powered customer service, collaborating closely with ecosystem partners to achieve cost reduction and efficiency improvements. During the reporting period, the average asset service volume per capital increased by approximately 27%, while our customers’ sales volume grew by over 60% year-on-year.

Demonstrating strong confidence in its long-term value and high regard for its future growth prospects, SY Holdings has announced a special dividend of RMB 600 million for 2025 and committed to maintaining a dividend payout ratio of no less than 90% for the financial years 2025 and 2026, thus continuing to share the company’s growth outcomes with its shareholders. Based on this pledge, the total dividend payout for 2025 will be approximately RMB 950 million. As of the closing price on the date of this results announcement, the dividend yield is estimated at around 8%.

SY Holdings has received unanimous backing from prominent institutions—including CICC; Tianfeng Securities, CSC(China Securities); SDIC Securities; Soochow Securities; Sinolink Securities; GF Securities; Guolian Securities; Phillip Securities; and Zheshang Securities—each assigning the Company a ‘Buy’ or ‘Outperform’ rating, with the highest target price of HK$21.65.

Expanding into New Sectors, Building New Growth Engines

While deepening its presence in key national industries such as infrastructure, healthcare, pharmaceuticals, and commodities, SY Holdings is also actively expanding into strategic emerging sectors including e-commerce and robotics. These emerging sectors together represent a potential market size of more than RMB 70 trillion and a customer base of over 26,000 thousand enterprises.

In the e-commerce sector, SY Holdings has expanded its coverage to six leading platforms, including Douyin, SHEIN, Shopee, Kuaishou, WeChat Channels, Poizon. As of 30 June 2025, the company’s cumulative e-commerce financing facilitation volume surpassed RMB 2.8 billion, reflecting an almost eightfold increase year-on-year.

Recently, SY Holdings completed system integration with a leading global fashion e-commerce platform and successfully embedded end-to-end online services within the platform. Through this integration, e-commerce merchants can utilise their “shipped but pending settlement orders” to create a virtuous cycle of “sales – early payment collection – repurchase – further sales,” thereby further expanding the growth potential of SY Holdings’ e-commerce sector business.

In the robotics sector, SY Holdings has formed a strategic partnership with Standard Robots (Wuxi) Co., Ltd., a global leader in industrial intelligent robotics, through investment, successfully launching its first innovative supply chain services transaction in the robotics industry. This collaboration has laid the groundwork for SY Holdings to expand into a new business segment, while the Company actively explores partnership models with enterprises engaged in industrial, service, and specialised robotics to accelerate its presence in China’s robotics market, which is valued at over RMB 190 billion.

In terms of strategic investment, SY Holdings has brought in XtalPi Inc. (Stock Code: 2228.HK)—known as the “first AI-for-Science stock”—and Be Friends Holding Ltd. (Stock Code: 1450.HK), a leading cross-platform live-streaming e-commerce company, as strategic investors. This move aims to bolster the company’s AI R&D capabilities, develop vertical-industry AI Agents, and rapidly penetrate the live-streaming e-commerce space.

In terms of computing power reserves, SY Holdings has secured support from the Wuxi Economic Development Zone and officially connected to the Xuelang Computing Center, NVIDIA AI Computing Center, and Sugon Advanced Computing Center, all operated by Wuxi Digital Whale Technology Co., Ltd. (“Digital Whale”). Digital Whale currently has more than 60 H800 servers in reserve, providing intelligent computing capacity exceeding 1,000P.

Leveraging these resources, SY Holdings will enable ecosystem partners to access sufficient intelligent computing capacity to meet advanced computing requirements across multiple scenarios, including model training and application deployment. The Company will continue to focus on the R&D and application of AI Agents, with operational efficiency expected to improve further in 2025. Average service volume per capita is projected to expand significantly, providing strong support for the Group’s profit growth.

Embracing Web 3.0 to Accelerate Expansion of International Operations

Currently, the international order is experiencing significant and complex changes, with the ongoing restructuring of global supply chains. Issues such as notable exchange rate volatility, low payment efficiency, and difficult market access have become key obstacles limiting the globalization of SMEs.

Recently, SY Holdings set up its international headquarters in Singapore to further grow its presence in overseas markets and to explore innovative uses for Web 3.0 and stablecoins.

In international business development, SY Holdings has established a strategic partnership with Xinbada (Guangzhou) Technology Co., Ltd., a leading supplier to SHEIN, through investment. The company will support the development of flexible, intelligent factories in overseas markets such as Turkey, Southeast Asia, and Morocco. Additionally, it will utilise the supplier’s role within the industrial ecosystem serving cross-border e-commerce platforms including SHEIN, Temu, Cider, and PatPat to speed up the global growth of China’s apparel manufacturing hubs and cross-border e-commerce platforms.

Furthermore, SY Holdings has been continuously expanding its business layout in Southeast Asia and has completed its first international financing transaction. Using its international market resources and platform connectivity, the Company will also support key pharmaceutical enterprises in processing and fulfilling export orders for herbal products.

It is worth noting that stablecoins, as an emerging payment and settlement instrument pegged to fiat currencies, leverage blockchain’s peer-to-peer transfer capabilities to enable instant “payment-equals-settlement” clearing, while reducing transaction costs to as low as 0.1%. SY Holdings plans to explore innovative applications of stablecoins in facilitating international supply chain finance services, aiming to improve capital turnover, lower cross-border payment costs, and reduce foreign exchange volatility risks. In doing so, the Company seeks to provide an optimal customer experience characterised by speed, efficiency, quality, and cost-effectiveness, and to act as a bridge for SMEs in the Asia-Pacific region as they expand globally.

Looking ahead, as AI and Web 3.0 become increasingly integrated, the technological foundations of the digital world are undergoing a profound transformation. SY Holdings will continue to leverage technology to connect industries and ecosystems, working together with SMEs to reshape global supply chains.

Hashtag: #SYHoldings

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Baidui Cup grows into global stage for youth football in Beijing

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Source: Media Outreach

BEIJING, CHINA – Media OutReach Newswire – 18 August 2025 – The 42nd “Baidui Cup” Football Tournament kicked off in the rain on the August 8th. It brought a refreshing coolness of summer to the young players and once again ignited a football fever in Beijing, the “Dual Olympic City”.

A player goes for goal during a Baidui Cup match, August 2025.

As 51-year-old Chinese football legend Yang Chen watched children playing joyfully at the ongoing Beijing youth football tournament, vivid memories of his own participation over four decades ago came flooding back.

“I really enjoy those exciting and delightful moments, running side by side with my young teammates, trying to perform our best, and pursuing victories. This is where my dream began,” noted the Beijing native, who participated in the first two editions of the tournament.

The Beijing youth football tournament is also known as the Baidui Cup. In 1984, 112 teams signed up for the inaugural event, while the number has expanded to over 1,000 in recent years.

Players vie for the ball during a Baidu Cup match, August 2025.

This year, the 42nd edition of the Baidui Cup runs through August 8 to 17. “More kids are getting involved in this traditional tournament. They learn from each other and improve their skills through matches. Their passion shows the great football atmosphere here,” Yang said.

In the current tournament, young players competed on football fields across six districts in Beijing, while their parents and other family members cheered for them throughout, no matter whether it was rainy or sunny in the hot summer.

“The Baidui Cup is my most anticipated event in summer vacation. It is like a football party,” said the 10-year-old Li Jinglin during his fifth appearance at the tournament. “I started playing football as a left wing midfielder at the age of five. Two years ago, our goalkeeper got injured, and I replaced him and have stayed in that position since. I want to defend the victory for our team.”

Nine-year-old forward Wang Yibo, whose parents, grandmother and younger sister are his loyal fans, made his debut in the Baidui Cup after playing football for over two years.

“At first, I just hoped that he [Wang] could have better physical strength by attending football training sessions every week. Gradually, I found he was self-motivated to make progress step by step. I believe football will always accompany him as he grows up,” said Wang’s mother Guo Lele.

As the tournament has further expanded its influence in recent years, more talents from other cities and even the rest of the world have joined this youth football festival.

Coach Ma Zhiqiang brought his players from Rongjiang County, southwest China’s Guizhou Province to experience the Baidui Cup in Beijing for the first time this year. Rongjiang is the birthplace of China’s renowned Village Super League, also known as Cun Chao.

“My kids are all from the Chemin Primary School in Rongjiang. I have only been there for 10 months, but I already feel their tenacity and strong will to play. With no doubt, Cun Chao inspired them a lot, and they wish to play in front of their home audience in the future,” Ma said.

Children in mountainous areas generally have good leg strength but still need to polish their skills, particularly compared with young players from professional football clubs in Beijing. However, the performance of Rongjiang players at the Baidui Cup amazed everyone.

Ma remarked, “My team strictly implemented the game plan. In the first half, they concentrated on defense, while in the second half, they took advantage of their physical strength to make counter-attack. We are all excited to secure several victories here.”

Nine-year-old Lin Qihang, captain of the Rongjiang youth team, practices for more than three hours every day after school. He said, “Playing football made me more self-disciplined. Our trip to Beijing is an opportunity to learn from other teams and see a bigger world.”

Travelling from thousands of miles away, Zimbabwe’s 11-year-old Christiano Konono competed in the Baidui Cup with his teammates, who are all from Jadel Football Academy, a youth football club in Beijing founded by former professional player Walter Musanhu in 2019.

Jadel Football Academy dispatched five age-group teams to this summer’s Baidui Cup, with about 150 players from China, Zimbabwe, Japan and other countries and regions. This winter, Musanhu will lead his Chinese players to Zimbabwe to experience African football culture.

“I have so much love for the kids, and they need to be encouraged. I want these kids to achieve more than what I achieved as a football player. I want these kids to have the best memories in their lives,” remarked Musanhu.

Reflecting on the development of the Baidui Cup, Gao Jun, secretary of Beijing Football Association, said, “As the tournament grows in popularity, we organize it annually. There is simply no reason to stop.”

Indeed, the Baidui Cup has become an iconic youth football tournament pillared by the enthusiasm of young generations and the support from their families. Almost all elite Beijing native football players have showed their potential in the Baidui Cup, including former Chinese national team players Shao Jiayi and Liu Ying.

“A journey of more than 40 years is never easy. I hope more young players can stand out in the Baidui Cup and contribute to Chinese football and its related industries,” said Shao, currently the head coach of Qingdao West Coast in Chinese Super League.

Hashtag: #BaiduiCup

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

China Unicom Beijing Powers World’s First Humanoid Robot Games with Smart 5G-A Network

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Source: Media Outreach

BEIJING, CHINA – Media OutReach Newswire – 18 August 2025 – At the 2025 World Humanoid Robot Games which just kicked off, China Unicom Beijing provides full 5G-A network coverage outside and inside the event venue — Beijing National Speed Skating Oval. This cutting-edge network, characterized by its high uplink capacity, reliability, and security, is enabling over 500 robots from nearly 280 teams worldwide to compete at their best across athletic, performance, industrial, and healthcare contests. It is also significantly enhancing the experience for tens of thousands of spectators. Such robust 5G-A networks will transform society by propelling humanoid robots beyond competitions and into full-scale commercialization.

China Unicom at the World’s First Humanoid Robot Games

The AI industry is developing rapidly. Multimodal and cross-device interactions are reshaping personal experiences, IoT connections are growing exponentially, and AI is now woven into the fabric of core production processes, completely redefining workflows. These embodied AI robots are a demanding AI application, requiring a specialized network that allows them to perceive their surroundings, make instant decisions, pinpoint their location precisely, and coordinate with other robots.

With the games already in play, China Unicom Beijing is delivering reliable, extensive, and high-uplink connectivity for both robots and spectators outside and inside the arena. Outside, a 5G-A 3D network coordinating 1:1 high and mid bands boosts peak uplink and downlink user-perceived rates to 4 Gbps and 11.2 Gbps, respectively. Inside, LampSite offers 300 MHz bandwidth, achieving a peak network speed of 2.4 Gbps.

“Our 5G-A networks currently serve users, and we’re upgrading them to support embodied AI as well,” said Qin Yang, Deputy General Manager of China Unicom Beijing. “Our 5G-A network for this event reflects this progress. It dedicates a channel for spectators and a dynamically scalable one for robots, realizing seamless connectivity for both spectators and robots even during peak usage. In the robot sector, 5G-A will also be key to enabling low-latency remote control.”

Samuel Chen, Vice President of Marketing for Huawei’s Wireless Network Product Line, said, “At the humanoid robot games, the network must support many robots, spectators, and live media streams. It needs to provide high uplink capacity, low latency, high reliability, and wide coverage.”

Inside the venue, a 5G-A digital indoor system has been developed utilizing 300 MHz ultra-high-bandwidth spectrum. It delivers an uplink speed above 100 Mbps, allowing multiple 4K machine vision streams to be uploaded without frame loss. It also ensures air interface latency remains below 20 ms, so robots can respond to commands instantly.

Outside the venue, a 5G-A 3D network coordinates 1:1 high and low bands to achieve downlink and uplink speeds of 10 Gbps and 4 Gbps, respectively. With this fast connectivity, 8K panoramic cameras merge footage live, media like CCTV upload UHD shallow-compressed signals in seconds, and crowds live stream and share videos without lag.

As the world’s first international sports event for humanoid robots, the games set the stage for a groundbreaking fusion of technology and athletics, signaling AI’s expansion into sports at scale. As the event’s exclusive global communications partner, China Unicom is dedicated to ensuring millisecond-level network response and zero downtime with its 5G-A, AI, and all-optical network expertise through collaboration with partners. Beyond the event, China Unicom aims to inject strong momentum into the robotics industry.

Hashtag: #Huawei

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

2025 IFSC Asian Youth Championships to Kick off on August 20th in Guiyang, Guizhou, 211 Young Athletes to Participate

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Source: Media Outreach

GUIYANG, CHINA – Media OutReach Newswire – 18 August 2025 – Recently, the press conference for 2025 International Federation of Sport Climbing (IFSC) Asian Youth Championships was held at Guizhou Provincial Sports Bureau, announcing that the tournament will be held from August 20th to 24th at Guizhou Caihu International Climbing Center in Guanshanhu Park, Guiyang City. A total of 211 young Asian athletes will compete in six disciplines: men’s and women’s speed climbing, lead climbing, and bouldering.

The Guiyang Guanshanhu Park, where the 2025 International Federation of Sport Climbing (IFSC) Asian Youth Championships will be held.

This tournament is hosted by IFSC Asia and jointly organized by the Mountaineering Administrative Center of the General Administration of Sport of China, Chinese Mountaineering Association, Guizhou Provincial Sports Bureau, and Guiyang Municipal People’s Government. It has two age groups, U17 and U19, and is an A-level event certified by IFSC Asia. There are 40 athletes in Chinese team to participate in this competition, including two rising stars from Guizhou: Meng Shixue, who defended the U19 women’s speed gold medal at the 2025 World Youth Climbing Championships in Helsinki, Finland, and Wang Chunyouxuan, who won the U17 women’s speed bronze medal.

It is reported that Guanshanhu District in Guiyang City is a “National Ecological Civilization Construction Demonstration Zone”. In 2024, the excellent air quality rate reached 99.5%, the forest coverage rate was 45.96%, and the per capita park green area was17.42 square meters. Multiple indicators such as surface water quality and quality of drinking water sources are 100% up to standard, presenting a green picture of harmonious coexistence between man and nature.

The Guizhou Caihu International Climbing Center, where the event is held, is located in the core area of Guanshan Lake Park, known as the “Urban Green Lung”. As a standard IFS-certified competition venue, the wall structure integrates the advantages of domestic and foreign course design, with the angle accuracy error controlled within 0.5°The three different climbing walls are designed not only to meet the technical requirements of speed climbing, lead climbing, and bouldering, which are featured in Olympic Games, but also to ensure training safety thanks to the scientific protection system.

In recent years, Guanshanhu District has adopted the strategy of “leveraging sports events to drive regional tourism”, and has successively built 16 large-scale cultural and sports venues such as Guiyang Olympic Sports Center and Guanshanhu Ecological Sports Park. As the venue for the Asian Youth Championship, Guanshanhu District has carefully planned and upgraded its climbing facilities during the preparation process. It is worth mentioning that in the development of sport economy, Guanshanhu District is not limited to host one type of sport event, but covers various sports such as football, badminton, fencing, etc., building a colorful sports ecology. In terms of event planning, Guanshanhu District not only hosts international or Asian sports events, but also introduces preferential policies such as reducing venue rent to attract regional sports competitions to be held here and enriching venue operation to improve regional sports events quality.

As for this event, the organizers have elaborately planned a series of activities deeply integrated “event+culture+consumption”. During the competition, Guanshan Lake Park Ethnic Festival Square will launch a “Roadside Concert by the Climbing Wall”, pooling ethnic elements such as Dong Chorus and Miao Songs with modern popular music, welcoming friends from all over the world with the romantic genes of Guiyang’s “City of Music Loving “. An outdoor themed market integrating food, travel, entertainment, and shopping will be created around the competition venue, showcasing premium coffee, craft beer, exquisite dining, and original cultural and creative products, making spectators to enjoy an immersive and amazing “city tour” experience.

At present, the preparation work is steadily advancing, and a “Three-Dimensional Assurance Network” covering medical care, security, reception, and transportation has been built, striving to make every participant feel the warmth of home and the enthusiasm of Guiyang.

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.