Monthly Archives: July 2023

Android, Mobile, News

The New Galaxy Z Flip5 Debuts with FlexWindow and a Gapless Hinge

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Samsung’s foldable devices were one of the first devices to make it on the scene. This year, the company is working on refining the smartphone experience with new software enhancements and features as well as fine-tuning the design with meaningful updates. The new Galaxy Z Flip5 is leading the charge with an even bigger cover display – now known as the FlexWindow and a refined hinge.

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The cover display of the Galaxy Z Flip5 has been supersized and replaced with a 3.4-inch display which covers the whole top cover of the smartphone. The new FlexWindow comes with a totally revamped experience with more functional widgets and a whole new user experience. Like its predecessors, the FlexWindow will still support features like using it for epic selfies with FlexCam and glancing notifications. Using gestures, you’ll be able to access features like Samsung Wallet to access IDs, boarding passes and payment cards as well as widgets from your favourite apps.

The second biggest change is the hinge that the Galaxy Z Flip5 uses. Samsung has reduced the number of moving parts in the new Flex hinge. This has not only reduced the thickness of the Flip5 by about 2mm but has also eliminated the gap on the smartphone when closed. Yes – there is no gap in the hinge when closed.

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Under the hood, the Galaxy Z Flip5 comes with the Qualcomm Snapdragon 8 Gen 2 for Galaxy. This is complemented by up to 512GB of internal storage and up to 12GB of RAM. The Z Flip5 comes with a 6.7-inch Dynamic AMOLED 2X display with a 120Hz refresh rate. The cover display is a Super AMOLED display with a 60Hz refresh rate.

The main camera of the Flip5 is a dual camera setup with a 12-megapixel wide sensor and a 12-megapixel ultrawide sensor. On the front, is a 10-megapixel selfie camera. The new foldable’s cameras come with Nightography which Samsung has been pushing with their flagship Galaxy S23 series and Galaxy A series. It also comes with auto-framing to help enhance the hands-free camera experience with Flex Mode.

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This year’s Galaxy Z Flip5 will also be foregoing the BESPOKE edition we’ve come to expect from the Flip line up. Instead, Samsung is introducing the FlipSuit Case which allows you to customise your Flip5 without the hefty price of a new phone. All you have to do is pop on the case and use one of the NFC enabled plates and it will seamlessly synchronise your FlexWindow with the design of the case. Samsung informs us that there will be new designs and exclusive partnerships coming at a later date.

Pricing & Availability

The Galaxy Z Flip5 will be available in Mint, Graphite, Lavender and Cream at launch. Additional colours like Yellow, Green, Gray and Blue are available exclusively on Samsung.com.

In Malaysia, the Flip5 will be retailing at MYR4,499 for the 256GB version and MYR4,999 for the 512GB version. Internationally, it will be available starting at USD$999.

Galaxy Z Flip5 Galaxy Z Fold5 Pre Order

Pre-orders for the Samsung Galaxy Z Flip5 start today and end on August 17 2023. Pre-orders will be entitled to a free double storage upgrade worth MYR500 and up to 40% off purchase-with-purchase on Samsung accessories, Samsung Care+, Galaxy Tablets, Galaxy Watch and Galaxy Buds series. If you pre-order from the Samsung Online Store, you’ll be able to get an e-voucher worth up to MYR600 on your next purchase.

During the pre-order period, trade-ins of older devices will be entitled to an additional rebate of up to MYR600 under the Enhanced Trade-in Program.

PR Newswire

Where Global Minds Meet: G-P Introduces Pangeo Summit Global Event Series

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Kicking off October 2023, G-P’s reimagined annual conference will bring together HR, technology and business leaders at exclusive events around the world to connect, learn and discuss global growth trends and technology

BOSTON, July 26, 2023 /PRNewswire/ — REMOTE FIRST COMPANY − G-P (Globalization Partners), the pioneer and recognized leader in the global employment industry, known for setting the standard in global employment compliance, today announced its flagship annual conference will return as Pangeo Summit, a global series of exclusive, in-person events designed to be the preeminent forums on global growth. The invitation-only events will take place October 16 in Paris, early November in San Francisco and H1 2024 in Asia Pacific.

The Pangeo Summit series brings together senior HR, technology and business leaders to connect and discuss shaping the future of work and business through a global lens. Attendees will build meaningful connections with their peers, discuss the latest global growth trends with experts and industry leaders and learn how new technology can support their business goals.

“Leaders around the world are looking for new ways to drive innovation and growth,” said Nicole Sahin, founder and CEO, G-P. “Success knows no borders and a future-fit business model requires a global mindset. We’re bringing together the best and the brightest minds around the world to provide unique insights and foster much-needed conversation around global growth to tap into the power of global business transformation.”

The Pangeo Summit series will feature sessions on:

  • Global Growth Technology: Unlock the Power of the Everywhere Workforce
    The Pangeo Summit opening keynote explores the promise of a new category – global growth technology – designed to disrupt traditional global hiring models and provide everything a business needs to build and manage global teams. 
  • How a Global Mindset Can Shape Business Success
    Top HR leaders discuss how the latest in SaaS and AI technology come together with a global mindset to break down barriers, solve challenges and unlock greater market opportunity and competitive advantage. 
  • Global Growth Idea Exchange 
    An interactive discussion session with peers to explore key global growth areas top of mind for business leaders. Topics include finding and attracting global talent, building a global culture and global compliance.

Get on the VIP list to attend Pangeo Summit in Paris or Pangeo Summit in San Francisco. Learn more and request an invitation here https://www.g-p.com/pangeo/

For more information on all the latest innovations in G-P’s global growth platform, visit https://www.g-p.com/g-p-meridian-suite/

About G-P
G-P is the pioneer and recognized leader of the global employment industry and has delivered world-class global compliance and workforce products designed to meet the needs of growing companies since 2012. G-P’s global growth platform is driven by the G-P Meridian Suite of SaaS-based global employment products. G-P helps thousands of customers build and manage teams quickly and compliantly in 180+ countries without navigating legal, tax or HR issues.

G-P: Global Made Possible™

To learn more, please visit: g-p.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog.

CONTACT:
Katie Johnson
kjohnson@g-p.com

PR Newswire

Dunxin Financial Holdings Announces Pricing of $1.09 Million Registered Direct Offering

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WUHAN, China, July 26, 2023 /PRNewswire/ — Dunxin Financial Holdings Limited (“Dunxin” or the “Company”) (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises (“SMEs”) in Hubei Province, China, today announced that it entered into a securities purchase agreement with an institutional investors to purchase $1.09 million worth of its American Depositary Shares (“ADS”) in a registered direct offering.

Under the terms of the securities purchase agreement, the Company has agreed to sell 1.09 million ADS at a price of $1.00 per ADS.

The gross proceeds to the Company from the registered direct offering are estimated to be $1.09 million, before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about July 28, 2023, subject to the satisfaction of customary closing conditions.

Spartan Capital Securities LLC, is acting as exclusive placement agent for the offering.

The proposed offering of the ADS described above is being offered by the Company pursuant to a “shelf” registration statement on Form F-3 (File No. 333-264179) filed with the Securities and Exchange Commission (“SEC”) and declared effective by the SEC on August 8, 2022, and the accompanying prospectus contained therein.

The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement describing the terms of the public offering will be filed with the SEC and will form a part of the effective registration statement.

Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or from Spartan Capital Securities, LLC, 45 Broadway, New York, NY 10006 or telephone at (877) 772-7818.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Dunxin Financial Holdings Limited

Dunxin is a licensed microfinance lender serving individuals and SMEs in Hubei Province, China. Dunxin suspended offering loans to its customers since 2020 and is exploring new business opportunities based on Metaverse related technologies.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

PR Newswire

Fluxx Announces Availability of Grantelligence™, First of its Kind Grantmaking Intelligence Platform

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SAN FRANCISCO, July 25, 2023 /PRNewswire/ — Fluxx, the world’s number one cloud-based grants management software solution, is excited to announce the general availability of Grantelligence, a new business intelligence and analytics platform specifically designed for grantmaking. Holistic and self-serviceable, Grantelligence delivers insights to all stakeholders, enabling them to collaborate to grant faster, with more accuracy, using powerful storytelling.

Grantelligence Analytics Solution for Grants Management
Grantelligence Analytics Solution for Grants Management

“We are thrilled to announce Grantelligence to the philanthropic and publicly funded grantmaking communities,” said Kristy Gannon, CEO of Fluxx. “We set out to provide a solution that enables our users to take their data and build stunning visualizations of grant programs, allowing them to easily measure impact, generate accurate, compelling board presentations, and build dashboards that are trusted by all levels in the organization. Grantelligence represents a new way of leveraging data, one that hasn’t been seen in our world before.”

“We developed Grantelligence because grantmakers today generally do not have the proper tools and resources to present their data effectively,” said Fintan Kelly, VP of Product at Fluxx. “Philanthropists and government organizations alike often struggle. It regularly falls to a single person in the organization to act as a gatekeeper – managing time-consuming requests across multiple audiences. Usually, manual efforts are required to consolidate, cleanse, and update various data sources, forcing the organization to rely upon static spreadsheets or cumbersome external tools to deliver insights about the organization, programs, processes, and outcomes.

“And it’s not just this data preparation that is painful,” Kelly said. “Grantmakers today struggle to convey impact effectively. They utilize these static tables – fine for general reporting but not well suited to present data to their boards, governing bodies, and larger communities. The net result – stakeholders often don’t get the facts they need in an easy-to-consume, engaging way. Decisions can be impacted as meaningful insights get missed. And the heroes can go unsung.”

“We chose the name Grantelligence because our tool is specifically designed for grantmaking,” added Gannon. “We employed best-of-breed technology to create a product that works for our customers. This new offering enables grantmakers to make intelligent decisions so they can take action, increase impact, and tell their stories.”

Grantelligence is available worldwide for purchase as a complement to Grantmaker, Fluxx’s industry-leading grants management solution. More information about Grantellience is available at https://www.fluxx.io/grantelligence-grants-management. 

About Fluxx:
Fluxx is the industry-leading cloud-first grantmaking solution. Purpose-built by grantmakers for grantmaking, Fluxx is women-led, a DEI champion, and a Pledge 1% member organization.

More than 400 world-class foundations and government organizations use Fluxx, including 10 of the top 20 foundations, granting more than $15 billion annually and impacting more than 150,000 non-profits. To learn more about Fluxx, please visit https://www.fluxx.io/.

Photo – https://techent.tv/wp-content/uploads/2023/07/fluxx-announces-availability-of-grantelligence-first-of-its-kind-grantmaking-intelligence-platform.jpg

Android, News

Android KitKat Takes Its Final Break as Google Play Officially Ends Support

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Google’s dessert-themed Android update has become stale. Well, not really. It’s just that Google Play is officially ending support for devices running Android 4.4 KitKat. This doesn’t come out of the blue as Google has been actively retiring support for older versions of the OS to ensure that the OS platform and the Play Store remain secure.

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Android 4.4, aka Android KitKat, has been around for nearly 10 years already. The update was one of the most significant updates for the Android operating system at the time. The update brought an overhaul and standardization to the design language of Android at the time.

According to the latest breakdown of Android versions on the market, Android KitKat stood at 0.5% of devices currently available globally. It seems like it’s enough for Google to finally end support for the version on the Google Play Store. The same report also indicated that Android 5.0 and Android 6 are at 1.8% and 2.3% respectively.

It goes without saying, if you have a device running Android KitKat you may want to update it before August 2023 if you can. Otherwise, you won’t be able to use the Play Store anymore. If there’s no official updates, many Android smartphones and tablets are well supported by the community with more updated versions of the OS based on the Android Open Source Project (AOSP) that you can sideload.

Business, News

Alibaba Cloud Announces New AI Image Generation Model, Tongyi Wanxiang

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Alibaba Tongyi Wanxiang

Alibaba Cloud has introduced its latest AI image generation model, Tongyi Wanxiang (‘Wanxiang’ means ‘tens of thousands of images’). This model is designed to help businesses improve their creativity by generating high-quality images across different art styles.

Text-to-image generation

The company states that Tongyi Wanxiang is able to generate detailed images in response to text prompts in both Chinese and English. This includes watercolours, oil paintings, sketches, animations, and more. Additionally, It can also transform existing images into new ones with similar styles and apply style transfers to create visually appealing compositions..

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Tongyi Wanxiang is powered by Alibaba Cloud’s advanced technologies and leverages multilingual materials for enhanced training. This AI image generation model optimizes the high-resolution diffusion process to strike a balance between composition accuracy, detail sharpness, and clean backgrounds.

Alibaba Cloud developed it using Composer, the company’s proprietary large model that offers greater control over the final image output, including spatial layout and colour palette.

ModelScopeGPT Launched for Sophisticated AI Tasks

The company has also launched ModelScopeGPT, a versatile framework that utilizes Large Language Models (LLMs) to accomplish complex AI tasks across language, vision, and speech domains. ModelScopeGPT connects with an extensive array of domain-specific expert models, allowing businesses and developers to access and execute the best-suited models for sophisticated AI tasks. The platform is available for free and offers a rich Model-as-a-Service (MaaS) ecosystem.

Business, Lifestyle

Your Twitter is Now Your X

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Yes, I know, it’s been a long time coming. But, it’s time. Twitter is finally becoming X.

It seems like the writing has been on the wall for a while now with Elon Musk taking over the company last year. However, after what seems to be the most unusually tumultuous buyout ever, the day has finally come – the iconic blue bird logo is being retired for an “X”. The Twitter rebrand exercise was kicked into high gear three months ago with Elon Musk officially replacing the Twitter company with X Corp. [I know it weirdly sounds like LexCorp and we all know what happened with that company in Superman.]

X Corp
Source: @ElonMusk

The change has already taken effect with the x.com domain leading to twitter.com. The logo has also been changed to the “X” logo. This comes after Elon Musk tweeted, “And soon we shall bid adieu to the Twitter brand and, gradually, all the birds”. Even the official Twitter account is now an X although its handle is still @Twitter.

So, What Happens Now?

Well, that’s just it, aside from some grandiose words from both Elon Musk and newly instated CEO, Linda Yaccarino, we don’t really know. While Elon Musk has had a long history with the brand, it’s not much to go on. He’s used “X” in many of his other undertakings like SpaceX and xAI. His first startup in 1999 was x.com.

In an internal memo from Yaccarino to Twitter staff published by CNBC, she refers to the rebranding as a second chance for the company once known as Twitter to make a big impression. In the same statement, she highlights that X will be moving at lightspeed with an inventor mindset – “constantly learning, testing out new approaches, changing to get it right and ultimately succeeding.”. This could mean that we’re about to go for a real roller coaster ride with X and what’s coming for the remnants of Twitter.

However, if anything, it seems like Elon Musk and Linda Yaccarino will be taking Twitter and turning it into a global version of WeChat – a one-stop app for everything or as companies like Grab and AirAsia like to put it a “super-app”. Elon envisions X as the “everything app” and we get a glimpse of the future in the internal memo from Yaccarino, she says that X will “continue to delight our entire community with new experiences in audio, video, messaging, payments, banking — creating a global marketplace for ideas, goods, services, and opportunities.”

It seems like this is already underway in the U.S. with X Corp filing for the relevant regulatory approvals months ago. That said, it’s an end of an era with Twitter officially being wiped off the face of the living internet. After more than 15 years, one of the most iconic internet companies and platforms has been put down. That said, we don’t know what’s in store for X and X Corp as Elon has hinted at improvements and refinements in the near future.

PR Newswire

Rossell Techsys Unveils State-of-the-Art Calibration and Metrology Lab

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BENGALURU, India, July 25, 2023 /PRNewswire/ — Rossell Techsys, a leading global engineering and manufacturing company in the aerospace and defense sector, is proud to announce the inauguration of its new Calibration and Metrology Lab at its India facility in Devanahalli, Bangalore. This milestone event, attended by Peter Johnson, vice president and general manager of Fabrication for Boeing Commercial Airplanes, represents a significant leap forward in the company’s commitment to customer-centric investments and enhanced value delivery. It also underscores Rossell Techsys’ unwavering dedication to quality and customer satisfaction.

Inauguration by Mr. Peter Johnson, VP and GM, BCA Fabrication, The Boeing Company
Inauguration by Mr. Peter Johnson, VP and GM, BCA Fabrication, The Boeing Company

“We are delighted to inaugurate our state-of-the-art Calibration and Metrology Lab,” said Mr. Rishab Mohan Gupta, Promoter Group member and Director, Rossell India Limited. “This facility represents our commitment to maintaining the highest standards of precision and quality in all aspects of our operations. It allows us to deliver exceptional value to our customers, who rely on us for critical components. With this investment, we enhance our capabilities and reinforce our position as a trusted leader in the aerospace and defense industry.”

“We congratulate Rossell Techsys for investing in this Calibration and Metrology Lab and look forward to our continued partnership,” said Salil Gupte, President, Boeing India. “It reflects Rossell Techsys’ commitment to providing global quality products and services to their customers. This is also another example of Boeing’s commitment to grow world-class precision manufacturing capabilities along with its local partners in India, for India, and the world.”

The lab, equipped with the very latest in technology, is slated for ISO17025 certification. Integrated into Rossell Techsys’ operations, it ensures meticulous control over the metrology process, ensuring accuracy and reliability across products. Rossell Techsys produces 3000+ unique parts, of which 2000+ unique parts are for Boeing alone. It uses extensive tools that require periodic calibration and metrology testing. The in-house facility, in proximity to the shop floors reduces tool calibration time, maximizing efficiency. Rossell Techsys remains an innovative leader, providing comprehensive engineering solutions for aerospace and defense industry and the Calibration and Metrology Lab showcases its dedication to excellence and focus on exceeding customer expectations.

About Rossell Techsys

Rossell Techsys (Division of Rossell India Limited) (NSE: ROSSELLIND), is based out of Bangalore, providing custom engineering & manufacturing services in Electrical Wiring & Interconnect Systems, Electronic Assemblies, After Market Product Support Services and Systems Engineering and Integration. https://www.rosselltechsys.com  

Accessories, Lifestyle, Mobile, News

Sony Unveils the Best Ever WF-1000XM5 – Available in August 2023 for MYR 1,299!

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Sony’s WF-1000XM4 that we reviewed last year was, in our opinion, one of the best, if not the best high-end noise cancelling earbuds your money can buy. Sony really knows how to make audio gear and thanks to their knowhow in active noise cancelling (ANC) technologies, you expect nothing less with their high-end noise cancelling audio gears. But that is also a problem in itself made by Sony for themselves. How do you top their best product? While the answer is simply; “make everything better”, it really is not as simple as that.

Of course, while Sony still holds the lead in active noise cancelling headphones, there are players in the industry who are catching up. Apple, for example, introduced their 2nd generation AirPods Pro to a success and with stellar reviews on its aural and noise cancelling performances. Sony cannot just be content with their WF-1000XM4. They do need to push the envelopes a little. They have with the WF-1000XM5.

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Despite being the ‘mark 5’ in the bunch, this is not Sony’s 5th generation ANC earbuds. It is, in fact, their 4th generation high-end earbuds. The earbuds also do not look totally dissimilar with the ‘mark 4’. It is supposedly 25% smaller and 20% lighter than before though. We think that Sony is going for that signature timeless look with their higher-end earphones now, sort of like what they are doing with their Xperia smartphones line-up.

Inside is a completely different earbuds compared to the WF-1000XM4 though. We start with the new driver; they call it the Dynamic Driver X unit. The new Dynamic Driver X is almost similar in size to the previous driver, but is developed specifically for the latest generation WF-1000 earbuds. According to Sony, the driver design offers a combination of materials from the dome to the edge of the diaphragm structure. What this does, according to them, is to reduce distortion on both high-end and low-end frequencies allowing the engineers to pump more power into the driver to produce detailed highs and powerful bass. Of course, they have not forgotten that a balanced audio reproduction requires a balanced and detailed mid-tone too.

Unlike the older WF-1000XM4, the new WF-1000XM5 comes packing two processors. They have a brand-new Noise Cancelling Processor QN2e and Integrated Processor V2. The Integrated Processor V2 now enables the earbuds to process 24-bit audio and offers high-performance noise amplification for super rich audio unlike anything you might have experienced in a pair of wireless earbuds. Of course, you still get Hi-Res support thanks to LDAC and DSEE Extreme. Sony’s highly acclaimed 360 Reality Audio now also comes with head tracking technology that ensures that your sound moves accordingly creating an even higher immersion than ever before.

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Alongside three mics on each earbud, the dedicated noise cancelling processor delivers noise cancelling performance and ambient noise mode even better than you find on the WF-1000XM4. They say that thanks to the three-mic combo, ambient noise can be captured more accurately than before resulting in a much more natural feel of your surroundings. Because noise is picked up much more accurately as well, the noise cancelling algorithm is more precise and therefore works better in noisy environments. You also get Sony’s clever polyurethane foam materials that passively cancels noise in the environment for a better seal in your ears.

Sony also claims that the new WF-1000XM5 offers better call quality than ever before. You still get the beamforming mic that was first introduced in the previous earphones. They have employed cleverer AI algorithms in the new earphones based on Deep Neutral Network (DNN) processing working alongside new bone conduction sensors to accurately pick up your voice. The result should be a more natural sounding, cleaner, and clearer voice at least from your end during a call.

Despite being smaller, the IPX4 water-resistant body of the WF-1000XM5 contains a battery that offers up to 8 hours of continuous listening time on a single charge. Of course, the case carries extra charges for the earbuds for up to 24 hours of listening time. You can also charge the earbuds wirelessly, like its predecessor. Thanks to Multipoint Connect, you can pair the WF-1000XM5 with up to two devices simultaneously, though you might have to sacrifice LDAC capabilities.

Price and Availability

Sony’s WF-1000XM5 will be available in two colour options, just like before. You can get it in black or silver when it is available in August 2023 onward. It will set you back MYR 1,299, which is more expensive than the previous WF-1000XM4 that sold for MYR 1,099 at launch. More on the Sony WF-1000XM5 can be found on their website.

PR Newswire

Reliance Industries Enters into Agreement to Invest Alongside Digital Realty and Brookfield Infrastructure to Expand Data Center Joint Venture in India

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‘Digital Connexion: A Brookfield, Jio and Digital Realty Company’ to develop critical digital infrastructure to meet rapidly-growing global and local customer demand in Indian market

SINGAPORE, July 25, 2023 /PRNewswire/ — Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today a planned three-way joint venture (JV) with Brookfield Infrastructure and Reliance Industries Ltd. (“RIL”) to develop high-quality, highly-connected scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in India. The new JV will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company. It succeeds and builds on the strong foundation laid by BAM Digital Realty, by including RIL, India’s largest private sector company, that has enabled and led India’s digital transformation through Jio, as a partner. Each partner will own one-third of the joint venture. Digital Connexion expects to initially execute on the development of data center campuses on existing strategic land parcels it owns in Chennai and Mumbai.

India represents a key market opportunity for Digital Realty to extend coverage, capacity, and connectivity options to cloud providers, hyperscalers and to both local and global enterprise customers. The Indian data center market is experiencing rapid growth, driven by the growing adoption of digital technologies, cloud computing, and the surge in data consumption fueling the demand for robust and scalable data center infrastructure. 

Data centers developed in India by the JV will leverage Digital Realty’s industry-leading energy-efficient data center platform, design and operating procedures, highly-repeatable Pervasive Data Center Architecture (PDx®) approach and relationships with global customers, Brookfield’s in-depth knowledge of the Indian infrastructure market, and Jio’s massive digital and connectivity ecosystem and very strong enterprise relationships with an existing client base of 80% of large named private enterprises in India.

Jio’s world class, all-IP, data strong, future proof, 4G and 5G connectivity network with deep fiber presence, covering ~99.5% of the Indian population, strategically expands the JV’s connectivity to data centers and other establishments in the country. It extends the reach of PlatformDIGITAL®, Digital Realty’s best-in-class global data center platform with 300+ data centers, in 50+ metros, across 27 countries and six continents, giving customers access to a dense connected data community of partners, solutions and services, including Jio’s network, cloud and other service solutions in India. 

“India is a mostly untapped market for the data center industry driven by the rapid adoption of digital business models, the world’s largest population, and a government that recognizes the role of technology for future economic development,” said Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty.  “This joint venture brings together three global leaders in digital infrastructure to accelerate Digital India by developing, owning and operating institutional quality carrier-and cloud neutral data centers across India.”

Speaking about the transaction, Kiran Thomas, CEO, Jio Platforms Ltd. said, “We are excited to partner with Digital Realty, one of the most innovative data center companies globally and with Brookfield, our existing and trusted partner. The partnership will help us serve our enterprise and SMB clients with cutting-edge, plug-and-play solutions delivered from the cloud and lead their digital transformation and make them more competitive and efficient. The unique and highly engaging consumer and home experiences that we are offering and further innovating on, such as high-definition live content, AR / VR experiences, cloud gaming, immersive shopping experiences and cloud PC have massive compute capacity requirements. We would like to thank the Indian government for granting infrastructure status to data centers and for creating a favorable ecosystem for their development and operations, which is critical for India’s vision to become a $1 trillion digital economy by 2025.”

Arpit Agrawal, Managing Director, Head of Infrastructure, India & Middle East, Brookfield, added, “We are very pleased to expand our existing partnership with Reliance and add their deep expertise in the Indian telecom, tech and data landscape to the platform. Data Centers provide essential services and critical infrastructure to support the digitalization that is taking place in every aspect of life in India. Together with Reliance and Digital Realty, we look forward to providing the best of solutions to the digital transformation needs of Indian and global corporates.

Digital Connexion will have a dedicated management team in India, with leadership oversight from Digital Realty, Brookfield and RIL. With the complementary strengths of its three partners, Digital Connexion has world-class skills and resources available to enable it to support global and local customers seeking to serve the large and growing Indian market.

About Digital Connexion: A Brookfield, Jio and Digital Realty Company
Digital Connexion is a joint venture (JV) between Brookfield Infrastructure, Reliance Industries and Digital Realty. The company provides the full spectrum of highly-connected and scalable data center, colocation and interconnection solutions to meet the critical infrastructure needs of enterprises and digital services companies in India, and brings together enterprises, network service, cloud and IT providers to give customers and partners a key connectivity gateway to Europe, the Middle, East, Africa and Asia. The JV combines the complementary strengths of Jio’s massive digital and connectivity ecosystem in India and tech capabilities with Brookfield Infrastructure, one of the largest owners and operators of critical global infrastructure, and Digital Realty, provider of the world’s largest data center platform enabling customers with access to over 50 metros across six continents.

About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data “meeting place” and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 27 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Brookfield Infrastructure is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Further information is available at https://bip.brookfield.com.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over $825 billion of assets under management. For more information, go to https://brookfield.com.

In India, Brookfield has $24 billion in assets under management across Infrastructure, Real Estate, Renewable Power & Transition and Private Equity.

About Reliance Industries Limited
Reliance is India’s largest private sector company, with a consolidated revenue of INR 976,524 crore ($118.8 billion) and net profit of INR 74,088 crore ($9.0 billion) for the year ended March 31, 2023. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.

Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune’s Global 500 list of “World’s Largest Companies” for 2022. The company stands 45th in the Forbes Global 2000 rankings of “World’s Largest Public Companies” for 2023 – top-most among Indian companies. Reliance has been ranked among the world’s 20 best companies to work with, highest amongst Indian companies in Forbes’ World’s Best Employers for 2022. It features among LinkedIn’s “Top Companies 2023: The 25 Best Workplaces To Grow Your Career In India“. Website: www.ril.com

About Jio Platforms Limited
Jio Platforms Limited (“Jio”), a subsidiary of Reliance Industries Limited, has built a world-class, all-IP, data strong, future proof network with 4G LTE and 5G technologies (through its wholly owned subsidiary, Reliance Jio Infocomm Limited). It is the only network conceived as a Mobile Video Network from the ground up. It is future-ready and can be easily upgraded to support even more data, as technologies advance to 6G and beyond.

Jio has brought transformational changes in the Indian digital services space to enable the vision of Digital India for 1.4 billion Indians and propel India into global leadership in the digital economy. It has created an eco-system comprising of network, devices, applications and content, service experience, and affordable tariffs for everyone to live the Jio Digital Life.

For Additional Information

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 737 281 0101
InvestorRelations@digitalrealty.com

Media Contacts
Sinhuay Ho
Digital Realty
+65 8125 8380
shho@digitalrealty.com

Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to our joint venture with Brookfield and Reliance Jio Infocomm, the Indian market opportunity, expectations regarding the joint venture’s development plans and operations in India, expectations regarding IT load capacity of the operations of the Digital Connexion joint venture, expected growth in digital transformation, sustainability programs and goals, and deployment and benefits of PlatformDIGITAL®.  Our forward-looking statements are generally identified with words such as “will”, “believe”, “expect”, “intend” and similar expressions.  For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission.  The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.