HKBNES x Suanova Technology Launch Large-scale AI Computing Resource Platform Powered by METAX GPU Stacks for Enterprise Transformation

HONG KONG, Nov. 26, 2024 /PRNewswire/ -- HKBN Enterprise Solutions (HKBNES), in its ongoing commitment to enrich the local technology landscape, has teamed up with Suanova Technology to become its first distributor of computing power services in Hong Kong. This partnership will introduce a more diversified array of cloud services and provide access to artificial intelligence (AI) computing resources powered by METAX's GPU (Graphics Processing Unit) stacks, empowering enterprise clients to transform and fully maximize their digital capabilities.

Amid its burgeoning emergence, AI computing has evolved into an essential competitive asset that every enterprise must harness. According to market research firm IDC^[1], AI has officially become a central component of global corporate strategies. Estimates suggest that by 2028, global spending on AI technology will reach $749 billion (approximately HKD 5.83 trillion), a significant increase from the expected $227 billion (approximately HKD 1.76 trillion) in 2025.

As AI computing rapidly advances, the demand for related resources is on the rise. A leading provider of compute services, tech development and industrial investment, Suanova Technology operates the "Fengshou No. 1" Intelligent Computing Center in Shanghai and the "Fengshou No. 2" Intelligent Computing Center in Hong Kong, both capable of delivering up to 1,000 PetaFLOPs of computing power. By utilizing its cutting-edge Fengshou series powered by METAX GPUs, Suanova equips enterprise clients with autonomous computing resource scheduling platforms to address a diverse range of application scenarios, including fulfilling the computational requirements for training large language models (LLM). 

Dr Denis Yip, HKBN President and Group Chief Operating Officer, said: "As a pioneering force and Hong Kong's first telco to launch 25Gbps broadband service, HKBN has consistently pushed the boundaries to supercharge digital transformation and innovation for enterprises. Our collaboration with Suanova Technology brings powerful AI computing resources to Hong Kong, providing enterprises with breakthrough compute speed and flexibility. This not only meets the local market's pressing need for high-performance computing power but it also opens new avenues for innovative applications across industries, ushering in a new era of opportunities."

Gu Meng, President of Suanova Technology, said: "Our goal is to deliver professional, autonomous, and innovative services for enterprises in mainland China, the Greater Bay Area, and Hong Kong, fostering growth and facilitating smart transformations for a shared future. Our collaboration with HKBN Enterprise Solutions will significantly shorten the distance for enterprises to access AI computing resources, making cutting-edge technology services readily available. We expect this partnership to set a new standard across the industry, driving many more enterprises to expedite their digitalization journeys, and unlock limitless possibilities."

^[1] IDC Unveils 2025 FutureScapes: Worldwide IT Industry Predictions. Retrieved from https://www.idc.com/getdoc.jsp?containerId=prUS52691924

About HKBN Group

Headquartered in Hong Kong with operations spanning across Hong Kong, Macau and mainland China, HKBN Group ("the Group" or "HKBN") is a leading integrated telecommunications and technology services provider. The Group's extensive tri-carrier fibre infrastructure covers around 2.6 million residential homes and 8,200 commercial buildings and facilities across Hong Kong, offering comprehensive one-stop Information and Communications Technology ("ICT") solutions and Infinite-play bundles to both individual and enterprise customers. Committed to creating a lasting positive impact to wherever it operates, HKBN embraces a core purpose to "Make our Home a Better Place to Live" and has received a highest possible rating of AAA in MSCI's 2024 ESG Ratings assessment in environment, society and governance. The Group is managed by hundreds of Co-Owners (supervisory and management level Talents in the Group) who invested their savings to buy shares of HKBN Ltd. (SEHK stock code: 1310). For more information about HKBN, please visit https://www.hkbn.net/group/.

About HKBN Enterprise Solutions 

HKBN Enterprise Solutions ("HKBNES") is the arm of HKBN. As a leading system integration ICT services provider, it focuses on enterprise solutions development. Comprises a professional team and profound experience, together with HKBN's unique tri-carrier network, HKBNES provides enterprises with one-stop comprehensive digital transformation solutions, including cloud and data centres, cyber security, smart and digital solutions, and more. For more information about HKBNES, please visit  www.hkbnes.com/http://www.hkbnes.net/web/en/. 

About Suanova Technology

Suanova Technology Limited (hereinafter referred to as "Suanova") is a wholly-owned subsidiary of Hong Kong listed company Yeebo (International Holdings) Limited. Its business covers three major business sectors, including: computing power and cloud operations, computing power technology development and computing power industry investment.

As a domestic cloud computing pioneer, Suanova aims to provide enterprises with professional, independent and innovative one-stop services. Our products mainly include: cloud, AI computing power, large devices, system integration, and GPU chips.

Suanova has set up branches in Hong Kong and Shanghai to provide customers with better localized services. Our vision is to help companies grow, support intelligent transformation, and create a better future.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

HKBNES x Suanova Technology Launch Large-scale AI Computing Resource Platform Powered by METAX GPU Stacks for Enterprise Transformation

TAIPEI, Nov. 26, 2024 /PRNewswire/ -- According to the news report from the technology-focused media DIGITIMES Asia, India's electric vehicle (EV) market is seeing contrasting trends, with passenger EV sales declining while the commercial segment grows rapidly. Recent data shows a 9 percent year-on-year drop in passenger EV sales in September 2024, marking the lowest point in 19 months.

In contrast, electric three-wheeler cargo vehicles are gaining traction, with 45% of sales in the segment being electric last month and forecasts to exceed 50% soon, according to Maxson Lewis, founder and MD of Magenta Mobility.

"The real adoption of EVs is happening on the cargo side," Lewis said, emphasizing the segment's potential to drive India's electrification. This shift underscores how logistics-focused EVs are leading the country's sustainable mobility efforts despite challenges in the passenger market.

He attributed this trend to a combination of favorable government policies, improved battery technology, and the declining total cost of ownership (TCO) for electric cargo vehicles.

Addressing charging infrastructure challenges

A robust charging infrastructure has been a critical factor in the adoption of EVs, but challenges remain. According to Lewis, India's highway network is already well-equipped with charging stations, averaging one every 100 kilometers. However, the focus has shifted from availability to reliability.

"The issue is not the presence of chargers but whether they are functional - downtime is a concern," Lewis explained. He emphasized the need for better charger maintenance and management, predicting the emergence of third-party service providers specializing in charger upkeep.

For Magenta Mobility, charging infrastructure is less of a challenge due to its strategy of setting up charging hubs near client locations. "We build our charging hubs months in advance, ensuring seamless operations for our fleet," Lewis said, adding that this approach minimizes reliance on public networks.

Magenta's market share

Magenta Mobility has cemented its position as India's largest electric cargo fleet operator, with over 2,500 electric vehicles across 18 cities.

The company serves a diverse range of clients, including e-commerce firms and traditional industries such as automotive components, lubricants, and consumer goods.

"We transport everything from lubricant oil and mattresses to food items and television sets," Lewis said, highlighting the versatility of the fleet.

The company's customer satisfaction score of 96.6% reflects its strong commitment to quality and service, Lewis added. Magenta has also been expanding its fleet to include four-wheelers, broadening its capabilities to handle mid-mile logistics in addition to last-mile deliveries.

"This shift opens new opportunities for clients and diversifies our revenue streams," Lewis explained.

Challenges and opportunities

Despite its success, the commercial EV sector faces hurdles. One of the primary challenges is the availability of high-quality vehicles. While three-wheeler options have improved significantly, the market still lacks adequate four-wheeler models for commercial use.

Another challenge is financing. "Access to financing has improved, but the cost of capital for EVs remains higher than for conventional vehicles," Lewis noted.

Driver availability is another issue. Magenta addresses this by offering timely salaries, welfare schemes, and insurance to attract and retain skilled drivers. "Quality, safety, and integrity are non-negotiables for us," Lewis emphasized.

The role of government policies

Government subsidies have played a significant role in supporting EV adoption in India.

Lewis expressed confidence in the government's continued commitment to the EV ecosystem, citing its focus on the commercial segment through the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme.

"The government has learned from global leaders like China and understands the need to invest in EVs for long-term sustainability," Lewis said. He also advocated for directing subsidies toward vehicles rather than charging infrastructure, arguing that this approach would maximize efficiency.

Looking ahead

Magenta Mobility has ambitious plans for growth, including expanding its operations to additional Indian cities and exploring international markets. While the logistics business will remain India-focused, the company's tech platform, which includes state-of-charge monitoring and battery health analytics, is designed for global scalability.

"Southeast Asia is lagging in EV adoption but has shown strong interest in our technology," Lewis said. He identified the Middle East and Southeast Asia as key regions for future expansion.

As the largest commercial EV operator in India, Magenta Mobility's primary competition now comes from traditional logistics providers rather than other EV players. "Our ambition is to become the largest logistics provider, not just the largest EV operator," Lewis remarked.

While the likes of hydrogen-based transportation may eventually challenge EVs, Lewis believes it is still a decade away from significant adoption. In the meantime, Magenta Mobility remains focused on its core mission: driving the adoption of sustainable and efficient logistics solutions.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Despite passenger EV slowdown, commercial EVs surge ahead, says India's leading player