Network-Switch.com Launches New Platform to Simplify Global IT Hardware Procurement
With the launch of Network-Switch.com, Lanao aims to provide businesses and system integrators with direct access to more than 100,000 SKUs from leading global brands including Huawei, Cisco, Ruijie, TP-Link, and D-Link. The platform supports global logistics, express delivery options—including to regions such as Khyber Pakhtunkhwa in Pakistan—and real-time order tracking, offering an integrated experience tailored for modern IT operations.
Connecting the Global Enterprise Ecosystem
Established in 2017, Lanao began as a domestic manufacturer before expanding into the global market with the launch of its Hong Kong office. Over the years, it has developed into a key player in the international ICT sector by securing significant partnerships, including:
'Our goal is to simplify and support global IT connectivity through a reliable, transparent, and scalable procurement process,' said a company spokesperson. 'This platform is the result of several years of technical and operational groundwork.'
Key Platform Features
Network-Switch.com is built to serve a wide range of IT professionals—from procurement managers to systems engineers—through a combination of features:
The website also provides a centralized space where users can request custom solutions, consult technical specialists, and stay informed through regular updates and blog posts.
Serving a Global Network
Lanao's infrastructure supports:
18,000+ enterprise customers
600,000+ end users
500+ global vendor partners
3 international warehouses
100+ enterprise sales professionals
Presence in over 200 countries and regions
With over 23 years of experience in the ICT distribution space, Lanao has focused on establishing long-term relationships with clients and brands alike. Its continued growth is supported by an agile supply chain and strategic local partnerships in key global markets.
About Lanao Communication Technology Limited
Lanao Communication Technology Limited is a global ICT distributor headquartered in Hong Kong. Through its digital procurement platform, Network-Switch.com, the company offers enterprise-grade IT hardware and connectivity solutions tailored to meet the evolving needs of global businesses. The company's operations and decision-making are independent and vendor-neutral, ensuring impartiality and reliability in sourcing and service.
Contact:
Lanao Communication Technology Limited
https://network-switch.com
sales@network-switch.com
Hong Kong Tel: +852-63593631
USA Tel: +1-(302)281-2971 / +1-(555)705-0985
Address: UNIT NO.3, 13/F, 1-17 Sai Lau Kok Road, Tsuen Wan, New Territories, Hong Kong
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
5 days ago
- CTV News
What is tokenization and is it crypto's next big thing?
An advertisement for the cryptocurrency Bitcoin is displayed on a building in Hong Kong on Nov. 18, 2021. (AP Photo/Kin Cheung, File) NEW YORK — Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blockchain-based assets will change the underlying infrastructure of financial markets. The technology is seen as rapidly increasing in coming years, especially in the U.S., helped by the passage of three new bills. President Donald Trump's administration has eased regulation of the broader crypto industry, paving the way for a boom in the valuation of companies in the sector and the rapid growth of crypto-related securities. However, the growth of the market for tokenized assets has been far slower than expected in recent years, with many projects still in their infancy or not yet live. How does tokenization work? The term 'tokenization' is used in a variety of ways. But it generally refers to the process of turning financial assets - such as bank deposits, stocks, bonds, funds and even real estate - into crypto assets. This means creating a record on digital ledger blockchain that represents the original asset. These blockchain-based assets, or 'tokens,' can be held in crypto wallets and traded on blockchain, just like cryptocurrencies. Where do stablecoins come in? Stablecoins can be seen as an example of tokenization. They are a type of cryptocurrency designed to maintain a constant value by being pegged to a real-world currency, typically the U.S. dollar. The issuer holds one U.S. dollar in reserve for every dollar-pegged crypto token it creates. Stablecoins are blockchain-based tokens acting as a proxy for an asset that already exists outside the blockchain. They allow people to move money across borders without interacting with the banking system. While critics say that this makes them useful for criminals who want to avoid banks' anti-money laundering checks, stablecoin issuers say that they are a lifeline for people in countries without a developed payments system. Are tokenized assets taking off? Yes and no. Stablecoins have grown in recent years, with the market estimated to be worth about US$256 billion, according to crypto data provider CoinMarketCap, and expected to touch US$2 trillion by 2028, according to Standard Chartered. But banks have talked for years about creating tokenized versions of other types of assets, which they say will make trading more efficient, faster and cheaper, and those 'tokens' have struggled to gain traction. While there have been individual issuances, there is not a liquid secondary market for these kinds of assets. One impediment to trading traditional assets via blockchain is that banks are working on their own private networks, making it difficult to trade across platforms. What are the pros of tokenization? Some proponents of the crypto industry have said tokenization can improve liquidity in the financial system. Illiquid assets like real estate could be traded more easily if they are broken up into small digital tokens. It is also expected to improve access to asset classes that are typically out of reach of smaller investors by creating a cheaper entry point. Which companies are interested in tokenization? Some major global banks, including Bank of America and Citi have said they could explore launching tokenized assets, including stablecoins. Asset manager BlackRock is also doubling down on the tokenization boom, and has highlighted its ambition of becoming the largest cryptocurrency manager in the world by 2030. Coinbase, the largest U.S. crypto exchange, is seeking permission from the SEC to offer 'tokenized equities' to its customers. How does new regulation help tokenization? Since stablecoins themselves are tokens and seen as one of the biggest drivers of the growth of tokenization, the new stablecoin law will end up boosting the proliferation of tokenization, experts say. The new market structure bill, known as the Clarity Act, is expected to establish a clear framework that could enable stablecoins and other crypto tokens to become more widely used. What are the risks? Some analysts say the hype around tokenization might be premature and caution that the rapidly growing crypto ecosystem could experience near-term turbulence due to the potential risks of a big decline in prices. European Central Bank President Christine Lagarde has warned stablecoins pose risks for monetary policy and financial stability. Some critics of the industry warn the frenzy around the new technology could introduce new systemic risks, especially in the absence of stringent regulation. They also say there is no reason why blockchain should be any more efficient than the electronic ledgers and trading systems already used in financial markets. Buyers of third-party tokens, which are issued by unaffiliated third parties - such as crypto exchange Kraken - that have custody of securities, could be exposed to counterparty risks, and regulators are sounding notes of caution. Earlier in July, Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission who has frequently spoken positively about cryptocurrency, said tokenized securities would not be able to circumvent existing securities laws. More than half of the world's U.S. dollar stablecoins are issued by a single company, Tether, which says it manages US$160 billion in reserves, but has not undergone a financial audit. --- Reporting by Anirban Sen in New York; Additional reporting by Chris Prentice and Elizabeth Howcroft; Editing by Megan Davies, Tommy Reggiori Wilkes, Nia Williams
Globe and Mail
5 days ago
- Globe and Mail
Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
HONG KONG , July 23, 2025 /CNW/ -- Cango Inc. (NYSE: CANG) today announced its transformation into a global Bitcoin miner with the appointment of a new Board of Directors (the "Board") and senior management team with deep expertise in digital-asset infrastructure, finance, and energy investments. On July 23, 2025 , the Board appointed (i) Mr. Xin Jin as Chairman of the Board and Non-Executive Director, (ii) Mr. Peng Yu as CEO and Director, (iii) Mr. Chang-Wei Chiu as Director, (iv) Mr. Yongyi Zhang as CFO and (v) Mr. Simon Ming Yeung Tang as CIO To strengthen governance, the Board also appointed (i) Mr. Chi Ming Lee , Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin , Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The Board also accepted the resignations of Mr. Xiaojun Zhang as Director and Chairman, and Mr. Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately. Mr. Peng Yu , CEO and Director, commented, "This leadership team gives Cango the right mix of skills to execute our next phase of growth. Having successfully transformed into a Bitcoin miner, we have already made remarkable progress in the past 7 months by becoming one of the largest Bitcoin miners in the world. With a strong balance sheet and clear long-term vision, our collective experience will help us scale beyond the 50 EH/s already deployed, not only safeguarding but strategically growing our treasury of more than 4,000 Bitcoins to maximize shareholder value. We will begin developing sustainable, high-performance computing opportunities while strategically expanding upstream into dedicated power resources especially green energy that will create lasting value for shareholders and drive further growth." Mr. Xiaojun Zhang and Mr. Jiayuan Lin resigned as co-founders coinciding with a secondary sale of 10 million Class B shares to Enduring Wealth Capital Limited for US$70 million . They converted their remaining Class B shares into Class A shares, now holding 18.54% of total outstanding shares and 12.07% of voting power. Enduring Wealth Capital Limited now holds about 2.82% of outstanding shares and 36.73% of voting power.. Full article: Juliet YE, Head of Communications Cango Inc. Email: ir@ SOURCE Cango Inc.
Globe and Mail
5 days ago
- Globe and Mail
Network-Switch.com Launches New Platform to Simplify Global IT Hardware Procurement
Hong Kong - July 22, 2025 - Lanao Communication Technology Limited, a Hong Kong-based ICT supplier with over two decades of industry experience, has officially launched its new online platform, The platform is designed to streamline enterprise IT hardware procurement and support digital infrastructure growth across more than 200 countries and regions. With the launch of Lanao aims to provide businesses and system integrators with direct access to more than 100,000 SKUs from leading global brands including Huawei, Cisco, Ruijie, TP-Link, and D-Link. The platform supports global logistics, express delivery options—including to regions such as Khyber Pakhtunkhwa in Pakistan—and real-time order tracking, offering an integrated experience tailored for modern IT operations. Connecting the Global Enterprise Ecosystem Established in 2017, Lanao began as a domestic manufacturer before expanding into the global market with the launch of its Hong Kong office. Over the years, it has developed into a key player in the international ICT sector by securing significant partnerships, including: 'Our goal is to simplify and support global IT connectivity through a reliable, transparent, and scalable procurement process,' said a company spokesperson. 'This platform is the result of several years of technical and operational groundwork.' Key Platform Features is built to serve a wide range of IT professionals—from procurement managers to systems engineers—through a combination of features: The website also provides a centralized space where users can request custom solutions, consult technical specialists, and stay informed through regular updates and blog posts. Serving a Global Network Lanao's infrastructure supports: 18,000+ enterprise customers 600,000+ end users 500+ global vendor partners 3 international warehouses 100+ enterprise sales professionals Presence in over 200 countries and regions With over 23 years of experience in the ICT distribution space, Lanao has focused on establishing long-term relationships with clients and brands alike. Its continued growth is supported by an agile supply chain and strategic local partnerships in key global markets. About Lanao Communication Technology Limited Lanao Communication Technology Limited is a global ICT distributor headquartered in Hong Kong. Through its digital procurement platform, the company offers enterprise-grade IT hardware and connectivity solutions tailored to meet the evolving needs of global businesses. The company's operations and decision-making are independent and vendor-neutral, ensuring impartiality and reliability in sourcing and service. Contact: Lanao Communication Technology Limited sales@ Hong Kong Tel: +852-63593631 USA Tel: +1-(302)281-2971 / +1-(555)705-0985 Address: UNIT NO.3, 13/F, 1-17 Sai Lau Kok Road, Tsuen Wan, New Territories, Hong Kong
