China Dynamics Welcomes New International Investors

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Shareholding Reflects Industry Confidence in Global Electric Bus Market

 

HONG KONG SAR – Media OutReach – 21 January 2021 – China Dynamics (Holdings) Limited (the “Company”; Stock Code: 476), together with its subsidiaries, collectively “China Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, has received notice from highly-reputable e-mobility industry pioneers from Europe and Asia, that they collectively bought over 6% of the Company’s total issued shares to support the acceleration of its internationalization strategy.

 

Mr. Miguel Valldecabres Polop, CEO of China Dynamics, said, “The Group recently tapped into the Southeast Asia market with the launch of electric buses in the cities of Davao and Pasay in the Philippines. The shareholding from the four international investors, namely Dato Sri Johan Young, Mr. Endika Aboitiz, Mr. Michael Perskche and Mr. Frank Kanayet, serves as a powerful endorsement of China Dynamics’ internationalization strategies which address the growing need for public transportation and which draw on our technological advantages in new energy vehicles. In addition, it will strengthen our shareholder and capital base for our long-term development.”

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Malaysian Dato Sri Johann Young is a serial entrepreneur in the technology and telecommunications sector. He has held various leading roles within the Orange Telecommunications Group. He promotes Formula E in Malaysia and also supports keenly “Green Malaysia”, as well as all kinds of electric vehicle (“EV”) technologies.

 

A prominent member of the Aboitiz family, Mr. Endika Aboiztiz has been instrumental in turning into a conglomerate the Aboitiz Group in the Philippines. He believes firmly in EV technologies and he has supported Global Electric Transport (“GET Philippines”) to become one of the leading electric bus services providers through QEV Philippines across the country.

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Mr. Michael Perschke served as CEO of Germany-based electric car maker Automobili Pininfarina, and he has become head of Audi India. He is among the Top 20 global leaders in the EV industry.

 

Frank Kanayet Yepes founded his own oil exploration company in Latin America. He owns an electromobility fund and he is the first investor in Rimac Automobili (Croatia).

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Latest News

Cloud-based Email Threats Capitalized on Chaos of COVID-19

Trend Micro intercepted a surge in malware, phishing and credential theft

 

HONG KONG SAR - Media OutReach - 4 March 2021 - Trend Micro Incorporated (TYO: 4704; TSE: 4704), the leader in cloud security, today revealed that it blocked 16.7 million high-risk email threats that slipped past webmail providers' native filters. This amounts to an increase of nearly a third on 2019 figures.

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The new statistics are provided by Trend Micro's Cloud App Security (CAS), an API-based solution that provides second-layer protection for Microsoft Exchange Online, Gmail, and a host of other services.[i]


To read the full Trend Micro Cloud App Security Threat Report 2020, please visit here.


"COVID-19 forced many organizations to accelerate their digital adoption plans, and SaaS apps have become indispensable to remote workers. However, where there are users, there are also threats and we've seen a spike in attacks targeting organizations' perceived weakest link during the pandemic," said Tony Lee, Head of Consulting at Trend Micro Hong Kong and Macau. "Trend Micro Cloud App Security has been indispensable in providing an extra layer of protection -- each one of those nearly 17 million threats previously missed represents a risk of corporate data theft, ransomware and fraud."


Detections of malware, credential theft and phishing emails all recorded double-digit year-on-year increases in 2020, while BEC volumes dropped slightly.


Malware-laden emails: Trend Micro detected 1.2 million emails containing malware that would otherwise have appeared in users' inboxes, up 16% on 2019 figures. These included many Emotet and Trickbot attacks which are often the precursor to targeted ransomware.


Phishing: Trend Micro intercepted over 6.9 million phishing emails in 2020, a 19% increase from the previous year. Discounting credential phishing, the number of threats in this category surged 41% over the period. COVID-19 was a common lure, as were big-name brands like Netflix that have become popular during the pandemic. Attackers were typically looking for personal and financial information to monetize.


Credential phishing: Trend Micro detected nearly 5.5 million attempts to steal users' credentials that were allowed through by existing cloud native security filters. This was a 14% increase on 2019 and accounted for the vast majority of detected phishing emails. Attackers are increasingly supplementing these with phone-based vishing attacks.


Business email compromise (BEC): Although BEC detections declined 18% year-on-year, average losses continue to rise -- increasing 48% from the first to the second quarter of 2020.

Trend Micro Cloud App Security offers comprehensive multi-layered protection for platforms such as Microsoft 365 and Google Workspace via:

  • Machine learning-powered Writing Style DNA to spot BEC
  • Computer vision and AI for credential phishing detection
  • Sandbox malware analysis
  • Document exploit detection
  • File, email, and web reputation technologies
  • Data loss prevention (DLP)


Trend Micro Vision One, a comprehensive XDR solution providing investigation, detection, and response across your endpoints, email, network, and servers.



[i] It also protects various cloud-based applications and services, including Microsoft 365, OneDrive for Business, SharePoint Online, Google Drive, Box, Dropbox, and Salesforce.

About Trend Micro

Trend Micro, a global leader in cybersecurity, helps make the world safe for exchanging digital information. Leveraging over 30 years of security expertise, global threat research, and continuous innovation, Trend Micro enables resilience for businesses, governments, and consumers with connected solutions across cloud workloads, endpoints, email, IIoT, and networks. Our XGen™ security strategy powers our solutions with a cross-generational blend of threat-defense techniques that are optimized for key environments and leverage shared threat intelligence for better, faster protection. With over 6,700 employees in 65 countries, and the world's most advanced global threat research and intelligence, Trend Micro enables organizations to secure their connected world. www.trendmicro.com.hk

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