NaaS Technology ADR Stock Price, News & Analysis

HONOLULU--(BUSINESS WIRE)--Qrypt and Megaport have launched quantum-secure data transmission methods utilizing Qrypt's key generation technology through Megaport's NaaS platform. This technological advancement protects data shared across global data centers, including AWS, Azure, and Google Cloud, with quantum-secure cryptography. The release highlights concerns over quantum computing's potential to decrypt current encryption methods, emphasizing the need for enhanced security measures. Qrypt's solution eliminates traditional key exchanges, offering real-time, independently generated encryption keys, mitigating risks from future quantum attacks.

PacketFabric and Unitas Global have announced their merger, pending regulatory approval, to form a leading entity in Network as a Service (NaaS). This strategic move aims to innovate the business internet architecture, transitioning from traditional systems to a software-defined and programmable model. The merger is backed by Digital Alpha Advisors, emphasizing significant market demand for such solutions. Combined, their platforms will enhance real-time automation and connectivity, addressing enterprise needs across a global network of over 50 million locations.

Aruba, a subsidiary of Hewlett Packard Enterprise (NYSE: HPE), has again been named a Leader in the Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure. The company excelled in all five Use Cases of Gartner's Critical Capabilities report, especially in Remote Branch Office and WLAN-Only Refresh/New Build categories. Recognized for its AI-powered Aruba ESP, the company offers solutions like cloud-native management, Wi-Fi 6 access points, and Zero Trust security. This marks the 17th recognition for Aruba, reflecting strong market position and innovative capabilities.

NaaS (NASDAQ: NAAS), a leading electric vehicle charging service provider in China, appointed Alex Wu as CFO and President effective January 15, 2023. Wu, previously with Bain Capital, brings extensive experience in finance and management, aiming to enhance NaaS's strategic development in the growing new energy vehicle market. As of September 30, 2022, NaaS served 1,282 operators and facilitated a gross transaction value of CNY 1.861 billion, marking significant year-over-year growth. The company is poised for further innovation in new power systems and intelligent operations in 2023.

NaaS Technology Inc. (NASDAQ: NAAS) announced the appointment of Alex Wu as Chief Financial Officer and President, effective January 15, 2023. This selection concludes an executive search and aims to leverage Wu's experience in corporate finance and technology. As of September 30, 2022, NaaS operated 45,000 charging stations, with a gross transaction value of RMB1,861 million for the first three quarters, reflecting significant growth compared to the previous year. The company also established strategic partnerships with several industry players during the third quarter.

NaaS Technology Inc. (Nasdaq: NAAS), a leading EV charging service provider in China, has entered a share subscription agreement with an institutional investor on November 30, 2022. The investor will purchase 57,570,524 newly issued Class A ordinary shares at a price of US$0.5211 per share, totaling US$30 million. The private placement is subject to customary closing conditions and is expected to close in December 2022. The shares are not registered under the U.S. Securities Act and may not be sold in the U.S. without registration or exemption.

Megaport (ASX: MP1), a prominent provider of Network as a Service (NaaS), has appointed Jeff Tworek as Chief Revenue Officer. Tworek brings over 30 years of experience, including significant roles at Akamai Technologies and Contrast Security. His primary responsibilities will include driving revenue generation and overseeing the global sales organization. CEO Vincent English expressed optimism about Tworek's capability to accelerate revenue growth and enhance customer experience, given his expertise in tech and cloud connectivity.

NaaS Technology Inc. (NASDAQ: NAAS) participated in COP27, marking its position as the only Chinese energy tech firm present. The company unveiled its first ESG report, detailing achievements in sustainable practices. NaaS reported a carbon reduction of 700,400 tons in H1 2022, over 70% of its 2021 total. CEO Yang Wang emphasized the role of green finance in advancing the new energy sector, aiming to collaborate with financial institutions. With over 44,000 charging stations across 358 cities, NaaS positions itself as a leader in the EV charging industry in China.

NaaS Technology Inc. (NASDAQ: NAAS), a leading EV charging service provider in China, announced the engagement of Ernst & Young Hua Ming LLP as its new independent registered public accounting firm, effective October 28, 2022. This change follows the completion of its merger with Dada Auto Inc. on June 10, 2022, which transitioned the company from its former auditor, BDO China Shu Lun Pan. NaaS aims to enhance its financial auditing processes as it continues to grow, boasting over 290,000 connected chargers and a significant share of China’s public charging market.