Author: Asianet Pakistan

Posted on

Unipart launches in Vietnam

OXFORD, United Kingdom, Feb. 14, 2025 (GLOBE NEWSWIRE) — Unipart, the supply chain performance improvement partner, has launched operations in Vietnam.

Unipart’s capabilities in Vietnam include the provision of consultancy, logistics & transportation, planning & supply chain management, improvement technologies, and distributor & wholesaler products and services for customers.

Vietnam’s thriving manufacturing sector is reported by The World Bank to have grown by an average of 10% annually over the past decade and, according to Statista, Vietnam’s e-commerce market is projected to reach $56bn by 2025. In January 2025, Foreign Direct Investment pledges, an indicator of future disbursements, increased by 48.6% from a year earlier to $4.33bn, according to the Vietnam Ministry of Planning and Investment.

Vietnam is Unipart’s 22nd market and sixth market in the Asia Pacific region. Unipart has extensive experience working with customers in this region for the past three decades, making supply chains more efficient, resilient and sustainable across a number of sectors including automotive, e-commerce, rail, and industrial.

Unipart Vietnam Territory Director Richard Nguyen will lead Unipart’s operations in Vietnam, bringing more than 20 years of experience in commercial, operational, and management roles within freight and logistics across Asia and Canada. He has a proven track record of successfully leading sales and customer service teams, along with extensive expertise in warehousing and distribution.

Darren Leigh, Unipart CEO, said: “Vietnam’s economic landscape is undergoing a dynamic transformation, attracting a surge of foreign direct investment. Coincided with its strategic location and being a strong manufacturer, this has solidified its position as a key player in the global supply chain, creating a wealth of opportunities for businesses seeking to diversify their own supply chains. As a British company with extensive experience and expertise supporting growing supply chains in a range of sectors globally, we look forward to playing a key role in Vietnam’s ongoing transformation.”

Richard Nguyen, Unipart Vietnam Territory Director, said: “Unipart’s global expertise in a wide range of sectors will enable us to tackle the common supply chain challenges, such as sustainability, infrastructure, efficiency, and disruptions, that customers are facing in the Asia Pacific region. By combining our global expertise with local knowledge, we will deliver efficiency, resilience and growth to customers, becoming a trusted partner in this dynamic market.”

Click here for image.

For further information, please contact:

Alistair Drummond, Head of External Communications
T: +44(0)7771 798835
E: [email protected]

GlobeNewswire Distribution ID 1001048603

Posted on

Unipart launches in Vietnam

OXFORD, United Kingdom, Feb. 14, 2025 (GLOBE NEWSWIRE) — Unipart, the supply chain performance improvement partner, has launched operations in Vietnam.

Unipart’s capabilities in Vietnam include the provision of consultancy, logistics & transportation, planning & supply chain management, improvement technologies, and distributor & wholesaler products and services for customers.

Vietnam’s thriving manufacturing sector is reported by The World Bank to have grown by an average of 10% annually over the past decade and, according to Statista, Vietnam’s e-commerce market is projected to reach $56bn by 2025. In January 2025, Foreign Direct Investment pledges, an indicator of future disbursements, increased by 48.6% from a year earlier to $4.33bn, according to the Vietnam Ministry of Planning and Investment.

Vietnam is Unipart’s 22nd market and sixth market in the Asia Pacific region. Unipart has extensive experience working with customers in this region for the past three decades, making supply chains more efficient, resilient and sustainable across a number of sectors including automotive, e-commerce, rail, and industrial.

Unipart Vietnam Territory Director Richard Nguyen will lead Unipart’s operations in Vietnam, bringing more than 20 years of experience in commercial, operational, and management roles within freight and logistics across Asia and Canada. He has a proven track record of successfully leading sales and customer service teams, along with extensive expertise in warehousing and distribution.

Darren Leigh, Unipart CEO, said: “Vietnam’s economic landscape is undergoing a dynamic transformation, attracting a surge of foreign direct investment. Coincided with its strategic location and being a strong manufacturer, this has solidified its position as a key player in the global supply chain, creating a wealth of opportunities for businesses seeking to diversify their own supply chains. As a British company with extensive experience and expertise supporting growing supply chains in a range of sectors globally, we look forward to playing a key role in Vietnam’s ongoing transformation.”

Richard Nguyen, Unipart Vietnam Territory Director, said: “Unipart’s global expertise in a wide range of sectors will enable us to tackle the common supply chain challenges, such as sustainability, infrastructure, efficiency, and disruptions, that customers are facing in the Asia Pacific region. By combining our global expertise with local knowledge, we will deliver efficiency, resilience and growth to customers, becoming a trusted partner in this dynamic market.”

Click here for image.

For further information, please contact:

Alistair Drummond, Head of External Communications
T: +44(0)7771 798835
E: [email protected]

GlobeNewswire Distribution ID 1001048603

Posted on

Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans

Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans
Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans
Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans

VICTORIA, Seychelles, Feb. 14, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The official licensing now enables Bitget to offer a comprehensive suite of crypto services within Bulgaria, including the exchange, trading, transfer, custody, and public offering of crypto assets, as well as wallet services. This aligns with Bitget’s broader plans of obtaining EU’s Markets in Crypto-Assets (MiCA) license, which will boost its foothold in the region.

The VASP license in Bulgaria aligns with Bitget’s strategic expansion across the European Union. The company is actively preparing for compliance with the EU’s MiCA framework, which seeks to establish a unified regulatory environment for crypto assets throughout the region.

“The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union,” said Hon Ng, Chief Legal Officer at Bitget. “As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption.”

Ng added, “In 2025, we are excited to continue to grow Bitget’s global regulatory footprint in partnership with various regulators around the world. We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide.”

Bitget views regulatory compliance as an integral part of its future success, which is evident through its acquisition of approvals in key markets such as Poland, Italy, Lithuania, UK and now Bulgaria.

The VASP license in Bulgaria grants Bitget the regulatory approval to offer a wide array of services to cater to the needs of digital asset users in the region. These services include the exchange of crypto assets, enabling seamless conversion between crypto and fiat; trading and transfer of crypto assets, facilitating efficient and secure transactions; and custody services, providing a strong framework for safeguarding user assets. Additionally, the license permits the public offering of crypto assets, supporting the scope for innovative token launches and opportunities.

In the last three months alone, Bitget has put forth major licensing and expansion updates. It has secured a BSP license in El Salvador, approval in the UK to provide digital asset services, and has powered a compliant Vietnam-based exchange BitEXC. Recently, Forbes has ranked Bitget as one of the world’s most trustworthy exchanges and with Bulgaria’s VASP license, Bitget continues to make significant progress in this area. The company plans to collaborate closely with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3dafce49-6bd9-4e83-9453-e5503f7b4596

GlobeNewswire Distribution ID 1001048549

Posted on

Bitget’s Protection Fund Average Hits $648M in January 2025

Bitget’s Protection Fund Average Hits $648M in January 2025
Bitget's Protection Fund Average Hits $648M in January 2025
Bitget’s Protection Fund Average Hits $648M in January 2025

VICTORIA, Seychelles, Feb. 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced that its Protection Fund achieved a valuation of $648 million in January 2025, reflecting sustained growth and stability in the crypto market. The fund, designed to provide financial security for users during volatile market conditions, continues to demonstrate its resilience and importance as Bitcoin and other digital assets experience significant price movements.

In January 2025, Bitget’s Protection Fund reached a peak valuation of $690 million, maintaining its upward trajectory as Bitcoin traded within a range of $87,000 to $105,000. Throughout January, the Protection Fund maintained an average valuation of approximately $648 million, playing its vital role as a reliable safeguard for user assets amid fluctuating market conditions.

“The consistent growth of our Protection Fund aligns with our focus on advancing security and building user trust,” said Gracy Chen, CEO of Bitget. “As the crypto market evolves, we remain committed to providing a secure and transparent environment for our users, enabling them to navigate the market with confidence.”

Bitget’s Protection Fund Average Hits $648M in January 2025

Bitget's Protection Fund Average Hits $648M in January 2025

Bitget’s Protection Fund Average Hits $648M in January 2025

Launched in 2022 with an initial commitment of $300 million, the Protection Fund has grown steadily, offering users enhanced security during periods of market volatility. This latest valuation reflects Bitget’s robust risk management framework, which ensures the fund remains well-capitalized to protect user assets even during heightened market activity. The fund’s performance in January aligns with broader market trends, including increased institutional interest and regulatory developments that continue to shape the crypto landscape.

In addition to the Protection Fund, Bitget’s Proof of Reserves maintains a 1:1 reserve ratio, further reinforcing transparency and trust. Recently Bitget was announced on the list of top trusted crypto platforms by Forbes. These initiatives collectively position Bitget as a leading exchange that prioritizes user security and confidence in an ever-changing market environment.

For detailed Protection Fund and Proof of Reserves reports, visit here.

About Bitget

Established in 2018, Bitget is a leading cryptocurrency exchange and Web3 company, serving over 100 million users across 150+ countries and regions. The Bitget exchange is dedicated to empowering users with innovative trading solutions, including its pioneering copy trading feature, while providing real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet offering comprehensive Web3 solutions, including wallet functionality, token swaps, an NFT marketplace, and a DApp browser.

Bitget continues to drive crypto adoption through strategic partnerships, including its role as the Official Crypto Partner of LALIGA in the EASTERN, SEA, and LATAM markets, as well as its collaboration with Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team). These partnerships aim to inspire global communities to embrace the future of cryptocurrency.

For more information, visit:

Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact:

[email protected]

Risk Warning:* Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our *Terms of Use.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/d2b64ea6-fbca-44ae-9700-7e5940d7e572

https://www.globenewswire.com/NewsRoom/AttachmentNg/57c8be45-47b5-4832-a5b8-4a0be2096c4e

GlobeNewswire Distribution ID 1001048362

Posted on

Preqin launches Allocator Hub for private market investors

Market-first, end-to-end solution to radically accelerate asset allocation, manager selection, due diligence, and portfolio management

LONDON, Feb. 13, 2025 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, today announced the launch of the Allocator Hub, a market-first, end-to-end platform that enables asset allocation, manager selection, due diligence, and portfolio management through sophisticated investment analytics, workflow tools, and managed services. This innovative offering is designed to support investors by driving better investment outcomes and streamlining costly, time-consuming investment processes.

Jonathon Furer, Senior Vice President, Head of Limited Partners, at Preqin said, ‘We believe the alternatives markets are at an inflection point. Our research indicates the industry is on course to expand by almost 80 per cent and is set to exceed $30tn in assets under management by 2030 globally, up from $16.8tn at the end of 2023.* Yet, these markets have historically lacked standardized data, benchmarks, and analytics, combined with highly manual investment processes, resulting in high operating costs. Preqin is on a mission to modernize private markets through increased digitization and by enabling intelligent pre- and post-investment processes. The Allocator Hub brings together our clients’ data with Preqin’s market data and benchmarks through investment analytics and managed services.’

Private markets need better data and technology solutions to optimize scalability and investor outcomes

Preqin’s launch of the Allocator Hub comes at a time when institutional alternatives allocations are projected to steadily grow over the long term, with an expanding investor base across institutional and retail investors worldwide. However, there remains a wide ‘transparency gap,’ with private market data typified by the absence of standardized frameworks and having additional barriers to entry compared to public markets.

As a result, operating an effective private markets program requires a high degree of expertise, headcount, and a web of third-party consultants and vendors. For smaller investors, building a portfolio with diligence can be daunting and expensive. For those that are larger and more established, operating an investment program at scale, while controlling total cost of ownership and maximizing analytical rigor and investment returns, can be a concern.

The Allocator Hub addresses these challenges by putting actionable data and analytics in clients’ hands, while digitizing inefficient, often manual, investment processes. This solution from Preqin allows investment professionals to accelerate market mapping, conduct efficient and thorough investment due diligence, benchmark fund performance against the market, create custom indices for more precise asset allocation and risk management workflows, and more.

Available through the flagship platform, Preqin Pro, the Allocator Hub leverages the full breadth of Preqin’s market intelligence, surfacing the right data, at the right time, and in the right format to deliver actionable insights and optimal outcomes.

The Allocator Hub fits into Preqin’s ethos of empowering the global finance community. Every solution is created to make investing in alternative assets a seamless, data-driven process by providing comprehensive and actionable market data, research, and analytics.

For more information, contact Mimi Celeste Taylor at [email protected]

Notes to the editors

* According to Preqin’s Future of Alternatives 2029 report.

To learn more about Allocator Hub, click here for the brochure. To request a demo, click here.

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1001047825

Posted on

Preqin launches Allocator Hub for private market investors

Market-first, end-to-end solution to radically accelerate asset allocation, manager selection, due diligence, and portfolio management

LONDON, Feb. 13, 2025 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, today announced the launch of the Allocator Hub, a market-first, end-to-end platform that enables asset allocation, manager selection, due diligence, and portfolio management through sophisticated investment analytics, workflow tools, and managed services. This innovative offering is designed to support investors by driving better investment outcomes and streamlining costly, time-consuming investment processes.

Jonathon Furer, Senior Vice President, Head of Limited Partners, at Preqin said, ‘We believe the alternatives markets are at an inflection point. Our research indicates the industry is on course to expand by almost 80 per cent and is set to exceed $30tn in assets under management by 2030 globally, up from $16.8tn at the end of 2023.* Yet, these markets have historically lacked standardized data, benchmarks, and analytics, combined with highly manual investment processes, resulting in high operating costs. Preqin is on a mission to modernize private markets through increased digitization and by enabling intelligent pre- and post-investment processes. The Allocator Hub brings together our clients’ data with Preqin’s market data and benchmarks through investment analytics and managed services.’

Private markets need better data and technology solutions to optimize scalability and investor outcomes

Preqin’s launch of the Allocator Hub comes at a time when institutional alternatives allocations are projected to steadily grow over the long term, with an expanding investor base across institutional and retail investors worldwide. However, there remains a wide ‘transparency gap,’ with private market data typified by the absence of standardized frameworks and having additional barriers to entry compared to public markets.

As a result, operating an effective private markets program requires a high degree of expertise, headcount, and a web of third-party consultants and vendors. For smaller investors, building a portfolio with diligence can be daunting and expensive. For those that are larger and more established, operating an investment program at scale, while controlling total cost of ownership and maximizing analytical rigor and investment returns, can be a concern.

The Allocator Hub addresses these challenges by putting actionable data and analytics in clients’ hands, while digitizing inefficient, often manual, investment processes. This solution from Preqin allows investment professionals to accelerate market mapping, conduct efficient and thorough investment due diligence, benchmark fund performance against the market, create custom indices for more precise asset allocation and risk management workflows, and more.

Available through the flagship platform, Preqin Pro, the Allocator Hub leverages the full breadth of Preqin’s market intelligence, surfacing the right data, at the right time, and in the right format to deliver actionable insights and optimal outcomes.

The Allocator Hub fits into Preqin’s ethos of empowering the global finance community. Every solution is created to make investing in alternative assets a seamless, data-driven process by providing comprehensive and actionable market data, research, and analytics.

For more information, contact Mimi Celeste Taylor at [email protected]

Notes to the editors

* According to Preqin’s Future of Alternatives 2029 report.

To learn more about Allocator Hub, click here for the brochure. To request a demo, click here.

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1001047825