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Verismo Therapeutics Announces Upcoming Presentation at SITC 2023

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PHILADELPHIA, Nov. 3, 2023 /PRNewswire/ — Verismo Therapeutics, a clinical-stage CAR-T company developing novel KIR-CAR platform technology today announced that it will be presenting at the upcoming Society for Immunotherapy of Cancer 38th Annual Meeting (SITC 2023), to be held in San Diego and virtually November 1-5, 2023.

Presentation Details

Title: Preclinical potency assessment of SynKIR-110, a mesothelin-specific KIR-CAR T cell therapy for mesothelioma
Abstract Number: 321
Date and Time: Friday, November 3rd: 12:00-1:30 p.m. and 5:10-6:40 p.m.
Presenting Authors: Dr. Jun Xu, PhD & Dr. Laura Johnson, PhD
Description: We conducted in vivo potency studies to assess the impact of the engineered T cell dose of the first mesothelin (MSLN)-specific KIR-CAR T cell therapy (SynKIRTM-110) in an NSG mouse xenograft model of human mesothelioma. Our data demonstrate for the first time that anti-tumor efficacy of SynKIRTM-110 is dose-dependent with greater potency compared with MSLN-41BBz CAR T cells previously evaluated in the clinic. This enhanced potency of SynKIRTM-110 was observed both at the primary tumor site and metastatic sites as demonstrated by histopathologic analysis. This increased potency did not impact any serum markers of toxicity, which remained the same regardless of CAR/KIR-CAR treatments. This data supports further clinical development of SynKIRTM-110 in patients with advanced solid tumors. SynKIRTM-110 is currently being investigated in a Phase I clinical trial STAR-101 (NCT05568680).

About the KIR-CAR Platform
The KIR-CAR platform is a dual-chain CAR T cell therapy and has been shown in preclinical animal models to be capable of maintaining antitumor T cell activity even in challenging solid tumor environments. DAP12 acts as a novel costimulatory molecule for T cells using additional T cell stimulating pathways, further sustaining chimeric receptor expression and improving KIR-CAR T cell functional persistence. This continued T cell function and persistence can lead to ongoing regression of solid tumors in preclinical models, including those resistant to traditional CAR T cell therapies. The KIR-CAR platform is being investigated in combination with additional emerging technologies.

About Verismo Therapeutics
Verismo Therapeutics is a pioneer in dual-chain KIR-CAR technology, with its lead asset SynKIR™-110 undergoing first-in-human clinical trial. Verismo is the only company developing the KIR-CAR platform, a modified NK-like receptor designed to improve persistence and efficacy against aggressive solid tumors. The KIR-CAR platform technology was developed specifically for advanced solid tumors, an area of high unmet medical need. For more information, visit: www.verismotherapeutics.com

Media Contact:

Gene Kim
Verismo Therapeutics
[email protected]
215-989-4225

Jennifer Moritz
Zer0 to 5ive
[email protected]
917-748-4006

 

Source : Verismo Therapeutics Announces Upcoming Presentation at SITC 2023

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Chongqing Hosts Fifth China-ASEAN Legal Cooperation Forum to Strengthen BRI Legal Ties

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The Fifth China-ASEAN Legal Cooperation Forum commenced in Chongqing on November 1. (Photo/Event organizer)

CHONGQING, China, Nov. 3, 2023 /PRNewswire/ — A news report from iChongqing – Chongqing – Under the theme of "Advancing a Closer China-ASEAN Community through Legal Cooperation," the fifth China-ASEAN Legal Cooperation Forum was inaugurated in Chongqing, Southwest China, on November 1st.


The Fifth China-ASEAN Legal Cooperation Forum commenced in Chongqing on November 1. (Photo/Event organizer)

This year’s assembly, attentive to the evolving practices and exigencies of China-ASEAN legal collaborations, fostered comprehensive dialogues and promulgated initiatives for bolstering the regional legal framework, promoting the cultivation of legal professionals with expertise in regional studies, and amplifying legal service partnerships within the ambit of the Belt and Road Initiative (BRI).

The forum’s agenda was packed with an inaugural ceremony, a series of keynote addresses, thematic sub-forums, and a closing ceremony. It drew the participation of nearly two hundred esteemed figures spanning government agencies, legislative and judicial branches, academia, the business sector, and legal fraternities, including lawyers, arbitrators, and legal practitioners from both China and ASEAN.

During the opening ceremony, the stage was set for the launch of the New International Land-Sea Corridor Legal Service Alliance. This consortium unites approximately 70 firms and legal institutions, among them notable names like King & Wood Mallesons, the Chongqing Arbitration Commission, and the Southwest Branch of the China International Economic and Trade Arbitration Commission.

The alliance is further bolstered by nearly 30 ASEAN counterparts, including the Lao Chinese Chamber of Commerce and the Vietnam-China International Trade Arbitration Center. They collectively aim to champion the comprehensive advancement of legal practices, alongside fostering economic and societal growth within the ILSTC regions.

"The Legal Service Alliance is set to elevate the caliber of international legal services, thereby catalyzing the creation of a premier business milieu marked by market-centricity, juridical probity, and international receptiveness," said Lu Kehua, a member of the Standing Committee of the Communist Party of China Chongqing Municipal Committee and the Secretary of the municipal commission of political and legal affairs.

Ketsana Phommachan, Deputy Minister of Justice from the Lao People’s Democratic Republic, accentuated the developmental strides and triumphs achieved through the BRI. He asserted that a steadfast commitment to the rule of law is a cornerstone for enhancing mutual collaboration and trust between countries.

Furthermore, he commended the China-ASEAN Legal Research Center for its pivotal role in fostering legal dialogues and developing legal expertise, looking forward to its continued contributions to research and practice in the spheres of legislative, judicial, and law enforcement sectors.

Source : Chongqing Hosts Fifth China-ASEAN Legal Cooperation Forum to Strengthen BRI Legal Ties

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H World Attended Business China's Future China Global Forum 2023

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JI Hotels realized the environmental protection of guest supplies: (from top left) biodegradable slippers, toothbrushes, biodegradable tea bags and laundry bags; (from bottom left) eco-friendly shower bottles, customized drinking water bottles without labels , biodegradable room cards and biotech trash cans.

Setting an Example by Assuming the Responsibility for Sustainable Green Development

SINGAPORE and SHANGHAI, Nov. 3, 2023 /PRNewswire/ — The 14th "Future China Global Forum 2023," organized by Business China, took place successfully in Singapore on October 27th. The forum aimed to explore new developments and opportunities in the region. This event brought together more than 800 distinguished business leaders, public figures, experts, and thought leaders from Singapore, China, and neighboring areas. Mr. Heng Swee Keat, Singapore’s Deputy Prime Minister & Coordinating Minister for Economic Policies, was in attendance as the esteemed Guest of Honour for the forum. Ms. He Jihong, the Chief Financial Officer of H World Group Limited ("H World" or "the Group", NASDAQ: HTHT, HKEX: 1179), was invited to participate and delivered a speech on the topic of "Fuelling Energy Transition – Making Net Zero Possible."

The energy crisis triggered by the Russia-Ukraine conflict has accelerated the need for alternative energy sources to replace traditional oil and gas resources. China, at the forefront of new energy developments, is taking advantage of this opportunity to facilitate an energy transformation. It is shifting away from an oil-based energy infrastructure and expediting its transition to a multi-energy infrastructure. This energy transition presents new opportunities for businesses. He Jihong emphasized that as a crucial driver of the service consumer industry, the accommodation sector must hastily embrace green development. With the introduction of concepts such as "green hotels" and "green services", the implementation and establishment of green development and green awareness are of crucial importance.

He Jihong emphasized that as of 30 September 2023, H World operates nearly 10,000 hotels in 18 countries, with 886,000 rooms and over 200 million members. The Group is actively implementing its green development strategy across its extensive hotel network and user base, aligning with the new requirements for green development in China and the European Union. H World is committed to ESG (Environmental, Social, and Governance) sustainable development principles and continuously promotes green reforms. The Group focuses on three aspects: Green Buildings, Green Operations, and Green Services, all aimed at improving energy efficiency and reducing waste to meet the demands of new green development.

In terms of Green Buildings, various hotel brands of Legacy-Huazhu (refers to H World’s business in China) actively promote green building projects. They incorporate natural and easily recyclable materials to replace plastic products in their decoration. Moreover, by employing a robust supply chain system, they introduce "modular" renovations in all of Legacy-Huazhu’s hotels, further reducing carbon emissions. Regarding Green Operations, all of Legacy-Huazhu’s hotels have transitioned to using LED energy-saving lighting fixtures and advocate for the use of air-source heat pumps to reduce energy consumption. In Green Services, H World is dedicated to implementing a low-carbon and environmentally friendly guest experience. Through its in-house digital operating system, H World provides guests with various eco-friendly accommodation options and green service modes, including online reservations, check-ins, hotel service bookings and invoicing. This significantly reduces paper resource consumption, allowing for highly green and paperless operations. Additionally, when discussing the DH related business, He Jihong stated, "We have a comprehensive management system and an experienced team. DH has already established clear rules and regulations in the parts of Europe where it operates to meet the local government’s requirements for environmental protection."


JI Hotels realized the environmental protection of guest supplies: (from top left) biodegradable slippers, toothbrushes, biodegradable tea bags and laundry bags; (from bottom left) eco-friendly shower bottles, customized drinking water bottles without labels , biodegradable room cards and biotech trash cans.

In promoting green development, He Jihong stated, "We should be aware that the most urgent issue today is the environment. Taking action to address the problem is better than sitting back and waiting for it to worsen. I hope that by setting an example, we can awaken more people’s awareness of environmental protection, which is a valuable contribution." As a leading player in the hotel industry in China and one of the fastest-growing hotel groups in the world, H World always adheres to ESG principles and is committed to its sustainable quality growth. In accordance with the "dual carbon" policy and the requirements of global green sustainable development, H World will continue to integrate environmental, social, and corporate governance into its daily operations and long-term development strategy, and continue to build a governance structure that is clear in terms of rights and responsibilities, efficient in terms of operations, clean and upright. This commitment will continually enhance its ESG rating and work towards creating a better life for customers, franchisees, employees, and other ecosystem partners.

Source : H World Attended Business China's Future China Global Forum 2023

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Hesai Announces Automotive Lidar Design Win with Leapmotor for Its New Series Production Vehicle

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Hesai Announces Automotive Lidar Design Win with Leapmotor for Its New Series Production Vehicle

PALO ALTO, Calif., Nov. 3, 2023 /PRNewswire/ — Today, Hesai Technology (Nasdaq: HSAI) announced an automotive lidar design win with leading Chinese electric vehicle maker Leapmotor. Hesai will supply ultra-high resolution long range lidar AT128 for Leapmotor’s upcoming series production vehicle model.


Hesai Announces Automotive Lidar Design Win with Leapmotor for Its New Series Production Vehicle

Founded in 2015, Leapmotor is a technology-driven intelligent EV company with a full suite of R&D and manufacturing capabilities. Following the brand’s mission "to deliver the finest smart mobility experience to all consumers", Leapmotor has developed the "LeapPilot" intelligent driving assistance system, continuously introducing intelligent driving upgrades and features to provide consumers with a convenient and safe driving experience.

Hesai’s AT128, a long-range automotive lidar for ADAS, has achieved a monthly delivery of over 20,000 units since its mass production began last year, with a cumulative delivery of over 130,000 units as of Q2 2023, empowering a number of series production vehicles from leading OEMs.

Hesai’s market leadership has also received international recognition from reputable institutions. According to Yole Intelligence’s recent market research report, Hesai has been named the No.1 automotive lidar company for a second consecutive year, firmly leading the lidar industry with its record-breaking revenue and shipments.

This partnership reflects Leapmotor’ recognition of Hesai’s outstanding product quality and mass production capabilities. In the future, the two companies will leverage their industry-leading experiences and work together to actively expand the global EV market, providing a safer and smarter riding experience for users around the world. 

About Hesai

Hesai Technology (Nasdaq: HSAI) is a global leader in lidar solutions. The company’s lidar products enable a broad spectrum of applications including passenger and commercial vehicles with Advanced Driver Assistance Systems (ADAS), autonomous driving vehicles, and robotic applications such as last-mile delivery robots and AGVs. Hesai seamlessly integrates its in-house manufacturing process with lidar R&D and design, enabling rapid product iteration while ensuring high performance, high quality and affordability. The company has superior R&D capabilities across optics, mechanics, electronics, and software. Hesai has established offices in Shanghai, Palo Alto and Stuttgart, with customers spanning over 40 countries.

Source : Hesai Announces Automotive Lidar Design Win with Leapmotor for Its New Series Production Vehicle

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NewLink Signs MOU with China Innovation Centre at Dubai Chambers to Further Advance Green Energy and Sustainability

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The MOU will strengthen collaboration in the areas of renewable energy, talent and research exchanges, in line with NewLink’s vision for a more sustainable future

DUBAI, UAE, Nov. 3, 2023 /PRNewswire/ — Newlinks Technology Limited ("NewLink" or "the Company"), a global leader in energy IoT solutions and China’s largest digital energy asset operator, entered into a Memorandum of Understanding ("MOU") with the China Innovation Centre at Dubai Chambers ("C.I.C.") with the goal of advancing the development of renewable energy and green technology industries within the United Arab Emirates ("UAE"). The agreement was signed during the Dubai Business Forum 2023, hosted by the Dubai Chambers at Madinat Jumeirah, Dubai. Today’s MOU builds upon NewLink’s prior partnership with the Dubai Chambers announced earlier this year, representing a step forward in achieving the shared vision of "Empowering the World with Green Energy".

Mr. Hamdan Doleh, Chairman of the C.I.C., and Yubo Zhai, General Manager of NewLink Carbon-Neutrality Business, signed the MOU, underscoring the commitment of both parties to collaborating and exploring opportunities to strengthen bilateral economic and commercial relations.

Key highlights of the MOU include:

Policy Insights and Recommendations: C.I.C. will provide valuable policy insights and recommendations to facilitate informed decision-making on adopting sustainable energy solutions in the UAE. This initiative is pivotal in driving the growth of renewable energy and green technology industries within the region. Talent and Research Exchange: The agreement will facilitate the exchanges of talent and research in renewable energy between the UAE and China. The sharing of knowledge and expertise will further advance research and strengthen trade connections between the two nations. COP28 Showcase: During the upcoming COP28 in December 2023, C.I.C. will host a showcase for NewLink and other Chinese renewable energy technology companies. Apart from NewLink’s anticipated presence at COP28, this event will feature the latest innovations of NaaS Technology, a subsidiary of NewLink, in green energy solutions.

Previously, NewLink has been invited and attended the UN Climate Change Conference in 2021 and 2022 to share its energy digitalization practices and experience in carbon emission reduction.

Mr. Zhen DAI, Founder and CEO of NewLink said, "I am thrilled by NewLink’s renewed partnership with the China Innovation Centre at Dubai Chambers, which reinforces our unwavering commitment to advancing sustainable energy solutions at a global scale. Under this MOU, NewLink will bring our innovative green energy solutions to UAE and promote digitalization in the transport energy system in the region. Together, we can work towards a more sustainable future with improved energy stability and efficiency."

NewLink is one of the Top 500 Global New Energy Companies with industry-wide recognition. Building on digital technologies, NewLink has been at the forefront of developing full-chain energy conservation and emission reduction solutions that contribute to global carbon neutrality.

One of NewLink’s subsidiaries, NaaS Technology Inc. (NASDAQ: NAAS), stands as the first U.S. listed EV charging service company in China. NaaS Technology provides comprehensive solutions to energy asset owners, including charging services, energy solutions, and new initiatives, supporting every stage of an energy asset’s lifecycle and facilitating the transition to sustainable energy sources.

As of September 30, 2023, NaaS Technology had connected 767,611 chargers across 73,710 charging stations, representing 41.6% and 50.0% of China’s public charging market share, respectively. This substantial presence underscores NaaS Technology’s significant role in enhancing the global transport energy network’s stability and efficiency.

About Newlinks Technology Limited

Founded in 2016, Newlinks Technology Limited is one of China’s leading provider of technology platforms and tech-enabled services to the energy value chain, principally serving gas and EV charging stations. The Company’s broad offerings of digital solutions include targeted online marketing tools, cloud-based SaaS systems and supply chain solutions that help merchants drive incremental sales, reduce costs, manage operations, and grow profits. The Company aims to improve efficiency across the entire value chain and transform the multi-trillion RMB energy industry and help enable and promote China’s policy commitments to achieve a carbon-neutral and environmentally friendly society. For more information, see http://www.newlink.com.

Media Contact: Sabrina Wang, [email protected]

Source : NewLink Signs MOU with China Innovation Centre at Dubai Chambers to Further Advance Green Energy and Sustainability

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WiMi Announced Deep Learning-Based Machine Reading Comprehension Models

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BEIJING, Nov. 3, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that deep learning is applied into a machine reading comprehension model and combined with techniques such as data augmentation and model correction to improve machine readability and comprehensibility of human language and to improve machine performance and accuracy in reading comprehension tasks.

The application of deep learning in machine reading comprehension mainly refers to the use of deep neural network models to solve machine reading comprehension problems. The basic principle is to realize the ability of automatic reading and comprehension by transforming the text into a vector representation to capture the semantic information of the words and using the attention mechanism and decoding algorithm. This model is capable of extracting information from a large amount of text and generating accurate answers according to the questions. The model usually contains key components such as word embedding, encoding, and decoding.

WiMi’s machine reading comprehension modeling based on deep learning includes input representation, contextual understanding, question comprehension, and answer generation. Input representation refers to the transformation of raw text into a machine-processable form. Through the comprehensive use of input representation methods such as word embedding, character embedding and positional coding, the machine reading comprehension model can better understand the semantic and structural information in the text, thus improving the model’s performance in reading comprehension tasks. Contextual understanding is a very important part of a machine reading comprehension model, which helps the model to understand the contextual information in the text so that it can answer the questions better. In this model, a common approach is to realize contextual understanding through the attention mechanism. Through contextual understanding, the reading comprehension model can better understand the text and improve the accuracy and efficiency of question answering. In machine reading comprehension tasks, question comprehension refers to the transformation of a given question into a form that can be understood and processed by a machine. The goal of question comprehension is to extract the key information from the question and match it to the context in order to find the correct answer. Through the process of question comprehension, we can transform a given question into a form that can be understood and processed by a machine and find the correct answer. This provides the basis for success in machine reading comprehension tasks. Answer generation is an important step in machine reading comprehension modeling where the goal is to generate an accurate and coherent answer based on the model’s understanding of the question and the text.

With the continuous development of deep learning technology, machine reading comprehension models are also evolving. In the future, the development direction of machine reading comprehension models mainly includes multi-modal integration, cross-language and cross-domain applications, and migration learning and adaptive learning. With the wide application of multi-modal data, future machine reading comprehension models will be able to handle multi-modal inputs such as combinations of images, speech and text. By integrating information from multiple modalities, the model can understand the text more comprehensively and provide more accurate answers.

To solve the problems of data scarcity and domain adaptation, in the future, WiMi’s research on machine reading comprehension models will pay more attention to migration learning and adaptive learning, and improve the generalization ability of the models by using existing knowledge and models to learn and migrate quickly in new tasks and domains. WiMi will also continue to conduct in-depth research in the field of machine reading comprehension models, to make the machine reading comprehension models more powerful and intelligent to better understand and apply textual information to provide more help and support to human beings.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source : WiMi Announced Deep Learning-Based Machine Reading Comprehension Models

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China's Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation

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China’s Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation.

QINGDAO, China, Nov. 3, 2023 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has officially put China’s first and also the world’s largest LNG storage tank of 270,000 cubic meters into service on November 2 at its Qingdao LNG Receiving Terminal. The tank will add 165 million cubic meters of storage capacity to meet the gas demand of 2.16 million households for five months during the winter heating season, which will enhance and guarantee the natural gas supply in North China.


China’s Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation.

The mega LNG storage tank, independently designed, developed and built by Sinopec, has a diameter of 100.6 meters and a height of 55 meters, a key project of Sinopec Qingdao LNG Receiving Termina’s phase III construction. The 270,000-cubic-meter tank adopted 17 patented technologies with independent intellectual property, the main structure was completed in only 18 months and it’s in full service within 27 months.

In the construction process, Sinopec has localized the applications of over 20 core equipment that significantly reduced procurement costs and boosted the localization level of the tank to 95 percent, the highest in China.

On the same day, Sinopec’s Tianjin LNG Receiving Terminal completed the phase II construction with three 220,000-cubic-meter storage tanks coming into full service, adding over 400 million cubic meters of natural gas storing capacity to bring the total storage capacity of Tianjin terminal to 1.08 billion cubic meters, the largest in China. Sinopec’s two LNG terminals in Qingdao and Tianjin, with seven and nine storage tanks respectively, have a total of 1.68 billion cubic meters of storage capacity, further guaranteeing the supply of resources in the winter season.

Sinopec has continued to expand the natural gas storage capacity following a strategic plan covering the full scope of production, supply, storage, and sales, the group now has about 5 billion cubic meters of LNG storage capacity. Sinopec has built 12 natural gas storage depots including the Zhongyuan cluster, Jintan, Wen 96, and Jianghan Yanxue, while it’s also expanding the LNG receiving terminals in Tianjin and Qingdao.

Looking ahead, Sinopec aims to build more natural gas storage depots and LNG receiving terminals in China to further strengthen the natural gas storage and peak gas consumption adjustment capabilities and expand LNG storage capacities during its 5-year plan.

 

Source : China's Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation

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Asosiasi Blockchain Indonesia (ABI) and Tiger Research Collaborate to Propel Web3 Advancements

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JAKARTA, Indonesia, Nov. 3, 2023 /PRNewswire/ — ABI is delighted to announce its strategic collaboration with Tiger Research, a leading firm specializing in Web3 business development and research across Asia. This significant partnership was officially established by signing a Memorandum of Understanding (MoU) on November 3, 2023.

This alliance represents a significant step forward in advancing the growth and research of the Indonesian blockchain and Web3 market. ABI boasts over 70 esteemed members, including prominent crypto industry players like Reku, Indodax, and Pintu, blockchain solutions, Web3 gaming companies, and key public institutions as strategic partners. Their shared commitment to fostering the blockchain and Web3 ecosystem in Indonesia forms the cornerstone of this partnership.

The MoU sets the stage for a comprehensive joint research initiative focusing on blockchain technology and the dynamic Web3 market. The valuable research insights generated by Tiger Research will be diligently disseminated through ABI’s extensive network and advocacy channels, ensuring that this knowledge reaches both the Indonesian market and a global audience. Asih Karnengsih, Executive Director of ABI, expressed her optimism, stating, "We are filled with excitement as we embark on this journey with Tiger Research. This MoU represents a significant step towards advancing blockchain and Web3 technologies in Indonesia. We are confident that this partnership will usher in new opportunities for growth and innovation, and we eagerly anticipate a future where our collective efforts contribute to the ongoing development of the Indonesian blockchain ecosystem."

Indonesia, with its population surpassing 270 million and a median age of 30, provides an ideal environment for expanding Web3 technologies. These demographics, coupled with business-friendly policies, underscore Indonesia’s immense potential in the Southeast Asian market. According to Tiger Research, the number of investors registered with Indonesian crypto exchanges closely rivals the Indonesian stock market, underscoring the nation’s robust engagement in crypto asset investments.

Daniel Kim, CEO of Tiger Research, shared his perspective on this partnership, saying, "Indonesia stands out as the fastest-growing blockchain market in Southeast Asia. Unlike other Asian countries, the government’s support and a clear regulatory framework create a conducive environment for conducting Web3 businesses. This partnership will amplify our insights and network within the Indonesian market." ABI and Tiger Research envision this collaboration as a significant milestone in their continued efforts to enhance Indonesia’s standing in the Web3 landscape, with the belief that it will have a far-reaching, positive impact on the development of the blockchain market in the region.

Source : Asosiasi Blockchain Indonesia (ABI) and Tiger Research Collaborate to Propel Web3 Advancements

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