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Youdao Maintains Profitability for Five Consecutive Quarters, Operating Profit for the First Three Quarters of 2025 Grows Nearly 150% Year-over-Year

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BEIJING, Nov. 20, 2025 /PRNewswire/ — On November 20, 2025, Youdao (NYSE: DAO), a subsidiary of NetEase and a leading provider of intelligent learning solutions, announced its unaudited financial results for the third quarter of 2025. The report reveals that, driven by its “AI-Native” strategy, the company has maintained profitability for five consecutive quarters, with operating profit for the first three quarters of 2025 growing nearly 150% year-over-year. Both net revenue from online marketing services and sales from AI-driven subscription services reached record highs.

In Q3 2025, Youdao reported net revenue of RMB 1.6 billion, marking a year-over-year increase of 3.6%. Operating profit stood at RMB 28.3 million, and operating cash outflow narrowed by 31.4% compared to the same period of the previous year, reflecting continued improvement in the company’s operating efficiency and liquidity position. Youdao’s Chief Executive Officer Feng Zhou stated, “We are confident in achieving the rapid improvement in operating profit set at the beginning of the year and annual operating cash-flow breakeven for the first time.”

Additionally, Youdao has been included in the “2026 GSV 150” list, recognizing the company as one of the most transformative innovators in the global digital learning sector.

Learning Services and AI Subscription Services Performance

In Q3 2025, Youdao’s net revenue from learning services reached RMB 0.64 billion. AI subscription service sales totaled nearly RMB 100 million, setting a new record and growing over 40% year-over-year. During the reporting period, Youdao Dictionary further completed its AI-driven upgrade, integrating several new AI features, including AI simultaneous interpretation, AI photo translation, and AI document translation. The AI simultaneous interpretation feature saw a nearly 200% increase in sales, with total users surpassing 20 million, becoming the primary driver of Youdao Dictionary’s membership revenue growth.

Youdao posted RMB 0.25 billion in Q3 net revenue from its smart device business, which continued to show operational improvement. In August this year, the company introduced the next-generation AI-powered tutoring pen, SpaceX. Focused on providing instant answers, the solution helps solve difficult problems across nine subjects for primary, middle and high school students anytime, anywhere, providing an essential tool for science-related question-solving.

Online Marketing Services Becomes Youdao’s Largest Revenue Segment

Empowered by AI, Youdao’s online marketing services revenue rose to RMB 0.74 billion in Q3 2025, reflecting a 51.1% year-over-year increase and establishing it as the company’s largest business segment.

During the reporting period, Youdao further strengthened its collaboration with NetEase Group, resulting in a year-over-year revenue increase of over 50% in the gaming vertical for its online marketing services. Additionally, revenue from overseas operations grew by over 100% year-over-year in Q3. Most notably, Youdao’s WonderLife campaign with BYD won the Brands & Creators award at YouTube Works Awards China.

Youdao stated that the sustained growth of its online marketing services is fueled by the company’s ongoing investment in AI, which has facilitated the end-to-end intelligence enhancement of the business. The company has developed three key AI engines: iMagicBox, which enables advertisers to efficiently generate high-quality creative materials; the influencer (KOL) platform, which automates the “analysis-to-transaction” process for marketers; and the AI Ad Placement Optimizer, which supports decision-making throughout the entire campaign lifecycle, from pre-campaign planning to post-campaign optimization.

AI-generated visuals developed by Youdao iMagicBox
AI-generated visuals developed by Youdao iMagicBox

As the capabilities of large language models continue to evolve, Youdao has achieved significant technological breakthroughs in high-value applications. For instance, in the field of translation, the company introduced the “Confucius 3.0” translation model, which supports real-time translation across 38 languages and boasts multimodal deep understanding capabilities. Despite using fewer parameters, this model delivers superior translation quality compared to large general-purpose models.

“Looking ahead, Youdao will further deepen its AI-native strategy, focusing on the continued application and innovation of the Confucius large model in both learning and advertising scenarios, consistently delivering value to our users,” concluded Dr. Zhou.

Series by Marriott Celebrates its Global Debut, with 26 Openings Across Key Destinations in India

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In collaboration with Concept Hospitality Private Limited and their flagship brand The Fern Hotels & Resorts, Marriott International launches its newest collection brand in Asia Pacific excluding China, bringing regionally rooted, globally connected hospitality to India

NEW DELHI, India, Nov. 20, 2025 /PRNewswire/ — Marriott International, Inc. announces the global debut of Series by Marriott, part of Marriott Bonvoy’s global portfolio of over 30 extraordinary hotel brands, with the launch of The Fern Hotels & Resorts, Series by Marriott in India. This new collection brand is designed to celebrate regional character while delivering the trusted consistency of Marriott’s global standards. The first phase of openings includes 26 hotels across key destinations in India, bringing over 1900 rooms to Marriott’s portfolio and marking a significant milestone in the brand’s global expansion.

Bhanu The Fern Forest Resort & Spa Jambughoda, Series by Marriott
Bhanu The Fern Forest Resort & Spa Jambughoda, Series by Marriott

Series by Marriott is a regionally created, globally connected, collection brand that brings together locally recognized hotel groups under the trusted umbrella of Marriott Bonvoy. Designed for ‘global domestic’ travelers, the brand offers the basics done well – comfortable rooms, reliable service, and locally relevant experiences that reflect the character of each destination.

The Fern Hotels & Resorts, Series by Marriott, is the brand’s inaugural set of properties to open globally, showcasing a collection of eco-sensitive hotels rooted in sustainability and regional charm. From bustling business hubs to serene leisure escapes, each property is crafted to fulfill the travel purpose of every guest – whether it’s sealing a deal, reconnecting with loved ones, or simply taking a moment to pause.

“We are delighted to introduce Series by Marriott in India through our strategic agreement with The Fern Hotels & Resorts,” said Kiran Andicot, Senior Vice President, South Asia, Marriott International. “India’s vibrant domestic travel market and growing demand for dependable, affordable stays make it the ideal launchpad for this brand. Series by Marriott is about celebrating regional stories while delivering the consistency and care our guests expect from Marriott. These 26 openings mark the beginning of a broader rollout, with over 100 planned launches in the coming year.”

First Phase of Openings – November 2025

The first wave of openings under The Fern Hotels & Resorts, Series by Marriott, brings over 1900 rooms across 26 properties in 23 cities, including:

The Fern brand’s commitment to regional authenticity, sustainable hospitality, and guest-centric design is an ideal match for Series by Marriott.

Guests staying at The Fern Hotels & Resorts, Series by Marriott, can look forward to:

  • Grab n Go Breakfast – A packed breakfast box available on request for guests with early morning departures, to start off the day energized.
  • Single Lady Traveller Recognition – A curated selection of amenities focused towards our single lady guests, placed in their rooms in a kit prior to arrival.
  • Evening Delight – Turndown service with evening chocolates/local treats, and a personalized goodnight message.
  • Lamp Lighting Ceremony – A tranquil dusk ritual that honours nature’s rhythm and invites guests to unwind. 
  • Healthy Sleep – Soaked almonds & raisins with cumin-infused water placed at the bedside every night, for a restful sleep.

“The response we’ve received for The Fern Hotels & Resorts, Series by Marriott has surpassed all expectations. It is heartening to see such alignment from our partner hotels. Between our commitment to sustainable hospitality, the industry’s growing appetite for development and Marriott’s strong distribution and systems, we look forward to rapidly expanding the Series footprint across the country.” Suhail Kannampilly, Managing Director, Concept Hospitality.

All properties under The Fern Hotels & Resorts, Series by Marriott, participate in Marriott Bonvoy®, the award-winning travel program from Marriott International – allowing members to earn points for their stay at the new hotels, and at other hotels and resorts across Marriott Bonvoy’s portfolio of extraordinary hotel brands. With the Marriott Bonvoy app, members enjoy a level of personalization and a contactless experience that allows them to travel with peace of mind.

Series by Marriott marks its initial launch through a founding deal with Concept Hospitality Private Limited (CHPL) in India, a key growth market for Marriott International. CG Hospitality, the hospitality division of the multi-national conglomerate CG Corp Global, is the majority stakeholder in CHPL.

For further details and reservations, please visit the website here. Download images here.

About Marriott Bonvoy®
Marriott Bonvoy, Marriott International’s portfolio of more than 30 hotel brands and 10,000 global destinations, offers renowned hospitality in the most memorable locations around the world. The award-winning travel program and marketplace gives members access to transformative, eye-opening experiences around the corner and across the globe. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram, and TikTok.

YTL Cement Group Strengthens Sustainability Leadership with EPDs Across Its Product Portfolio

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 20 November 2025 – YTL Cement Group (YTL Cement) has become the first cement and precast producer in Malaysia to obtain Environmental Product Declarations (EPDs) for products across its ECOCem®, ECOConcrete™ and precast product ranges, marking a major milestone in its sustainability journey.

YTL Cement Group leaders celebrate becoming Malaysia's first cement and precast producer to obtain Environmental Product Declarations (EPDs) across its ECOCem®, ECOConcrete™ and precast product ranges. (From left to right) Lee Mun Sam, CEO, Eastern Pretech Solutions Sdn Bhd; Ong Ping Ping, Director of Communications, YTL Cement Group; Rachel Yeoh, Executive Director, YTL Cement Group; Chong Fatt San, Director of Operations (Cement), YTL Cement Group; Clarisse Loh, Director of Sustainability, YTL Cement Group; Lim Tze Liang, General Manager - Technical (Concrete) and Construction Development Lab, YTL Cement Group.
YTL Cement Group leaders celebrate becoming Malaysia’s first cement and precast producer to obtain Environmental Product Declarations (EPDs) across its ECOCem®, ECOConcrete™ and precast product ranges. (From left to right) Lee Mun Sam, CEO, Eastern Pretech Solutions Sdn Bhd; Ong Ping Ping, Director of Communications, YTL Cement Group; Rachel Yeoh, Executive Director, YTL Cement Group; Chong Fatt San, Director of Operations (Cement), YTL Cement Group; Clarisse Loh, Director of Sustainability, YTL Cement Group; Lim Tze Liang, General Manager – Technical (Concrete) and Construction Development Lab, YTL Cement Group.

This achievement reinforces the Group’s commitment to delivering sustainable, high-performance building solutions and advancing the nation’s transition towards low-carbon construction.

An EPD is a third-party verified document that reports a product’s environmental impact throughout its life cycle, following international standards such as ISO14025 and the ISO14040 series. EPDs are widely used in green building certifications and help architects, contractors and developers make informed material choices to meet sustainability goals.

The newly EPD certified products include Castle Cement – a Singapore Green Label certified cement formulated for bricklaying, screeding and concreting, and ECOConcrete™ Grade 40 and Grade 35, which are designed to reduce embodied carbon while maintaining strength and durability. YTL Cement Group’s precast arm, Eastern Pretech, has also obtained EPDs for its range of precast concrete products including hollow core slabs, beams, planks and double tee slabs, marking the first EPD for precast concrete products in Malaysia.

This EPD milestone builds on YTL Cement’s ongoing efforts to decarbonise the construction value chain. The Group was the first in Malaysia to introduce its ECO range: ECOCem®, ECOConcrete™, ECOSand™ and ECODrymix™ and has partnered with CREAM, the research arm of CIDB Malaysia, to advance sustainable construction. Through its Construction Development Laboratory (CDL), the Group drives research and innovation in low-carbon building materials, while the CDL Academy, its training and development arm, promotes industry awareness and upskilling. Together, these initiatives have supported more than 10,000 professionals and students in sustainability and innovation training.

“The attainment of EPD certification for our range of ECO products marks a significant milestone in our journey towards sustainable construction,” said Rachel Yeoh, Executive Director of YTL Cement. “It underscores our commitment to innovation and efforts to provide low-carbon building materials and solutions that empower our customers to build more sustainably.”

YTL Cement’s EPD-certified products provide added assurance of transparency and performance for customers, underscoring the company’s long-term commitment to environmental responsibility. Looking ahead, the Group will continue to collaborate with regulators, industry bodies and research partners to strengthen sustainable construction practices and support Malaysia’s carbon neutral ambitions.
Hashtag: #YTLCement

The issuer is solely responsible for the content of this announcement.

About YTL Cement Group

YTL Cement is Malaysia’s pioneer and largest building materials group. With a network of cement plants, terminals, ready-mixed concrete batching facilities, drymix operations, and aggregate quarries, YTL Cement is recognised as a partner in nation building. Over its 70-year legacy, the Group has contributed to the construction of residential, commercial, and infrastructural projects throughout Malaysia, including the Petronas Twin Towers, Merdeka 118, SMART Tunnel, and the nation’s iconic airports and bridges.

Extending its presence beyond domestic borders, YTL Cement now has operations in Southeast Asia, meeting the building material needs of neighbouring nations.

Recently, the Group launched its ECO Product Range, providing a diverse selection of low-carbon alternatives to conventional offerings. This eco-friendly range includes ECOCem™, a selection of low-carbon cements; ECOConcrete™, offering concrete with significantly reduced embodied carbon; ECOSand™, a perfect substitute for natural sand; and ECODrymix™, an eco-friendly pre-mix range. This initiative is part of its commitment to support the industry’s transition to sustainable construction.

IBM and Cisco Announce Plans to Build a Network of Large-Scale, Fault-Tolerant Quantum Computers

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–  New collaboration plans to unite strengths of both leaders to design a connected network of large-scale, fault-tolerant quantum computers, targeted by early 2030s
–  Companies plan to deliver an initial demonstration of multiple networked quantum computers within five years
–  Distributed quantum network could lay groundwork towards quantum computing internet defined by quantum computers, sensors, and communication in the late 2030s

YORKTOWN HEIGHTS, N.Y. and SAN JOSE, Calif., Nov. 20, 2025 /PRNewswire/ — Today, IBM (NYSE: IBM) and Cisco (NASDAQ: CSCO) announced an intention to collaborate on the groundwork for networked distributed quantum computing, to be realized as soon as the early 2030s. By combining IBM’s leadership in building useful quantum computers with Cisco’s quantum networking innovations, the companies plan to explore how to scale large-scale, fault-tolerant quantum computers beyond IBM’s ambitious roadmap. Additionally, they will work to solve fundamental challenges towards a quantum computing internet.  

A rendering of IBM Quantum Starling, IBM’s large-scale, fault-tolerant quantum computer planned to be available in 2029. (Credit: IBM)
A rendering of IBM Quantum Starling, IBM’s large-scale, fault-tolerant quantum computer planned to be available in 2029. (Credit: IBM)

Within five years, IBM and Cisco will aim to demonstrate the first proof-of-concept for a network that combines individual, large-scale, fault-tolerant quantum computers, enabling them to work together to run computations over tens to hundreds of thousands of qubits. This network would allow problems to be run with potentially trillions of quantum gates, the fundamental entangling operations required for transformative quantum applications such as massive optimization problems, or the design of complex materials and medicines.

“At IBM, our roadmap includes plans to deliver large-scale, fault-tolerant quantum computers before the end of the decade,” said Jay Gambetta, Director of IBM Research and IBM Fellow. “By working with Cisco to explore how to link multiple quantum computers like these together into a distributed network, we will pursue how to further scale quantum’s computational power. And as we build the future of compute, our vision will push the frontiers of what quantum computers can do within a larger high-performance computing architecture.”

“Getting quantum computing to useful scale is not just about building bigger individual machines, it is also about connecting them together,” said Vijoy Pandey, GM/SVP at Outshift by Cisco. “IBM is building quantum computers with aggressive roadmaps for scale-up, and we are bringing quantum networking that enables scale-out. Together, we are solving this as a complete system problem, including the hardware to connect quantum computers, the software to run computations across them, and the networking intelligence that makes them work.”

Scaling a Distributed Quantum Computing Network

IBM and Cisco intend to explore the development of quantum hardware and software that could physically link many large-scale, fault-tolerant quantum computers together to form networked distributed quantum computing.

The companies are targeting an initial proof-of-concept demonstration by the end of 2030, for which they plan to entangle qubits from multiple separate quantum computers located in distinct cryogenic environments. Doing so will require the companies to invent new connections, including microwave-optical transducers and a supporting software stack.

The Cisco vision for a quantum data center introduces an architecture for quantum networking infrastructure that could make distributed quantum computing a reality in the near future. This vision includes a complete hardware and software stack that aims to preserve fragile quantum states, distribute entanglement resources, facilitate teleportation between quantum computers, and synchronize operations with sub-nanosecond precision.

To scale beyond linking two quantum computers that are separate but physically close, IBM and Cisco are planning to explore how to transmit qubits over longer distances, such as between buildings or data centers. To achieve this, the companies will explore optical-photon and microwave-optical transducer technologies, as well as investigate how they can be incorporated into a quantum network to transfer quantum information as needed.

Linking together multiple quantum computers will require an appropriate interface. IBM plans to build a quantum networking unit (QNU) to serve as the interface to a quantum processing unit (QPU), with the explicit task of taking stationary quantum information in the QPU and converting it into “flying” quantum information through the QNU to then be further linked across potentially multiple quantum computers through a network.

Cisco’s quantum network would aim to distribute the entanglements to arbitrary pairs of these QNUs on an on-demand basis to drive the quantum information transfer required for a given quantum algorithm or application. Towards this goal, Cisco is developing a high-speed software protocol framework that can continuously and dynamically reconfigure network paths so entanglements could be distributed to the QNUs when they are done with their partial computations.

Together, the companies plan to investigate how a network bridge, comprised of novel hardware and open-source software, could use Cisco quantum network nodes to link many IBM QPUs within a data center through its QNU interface. In the future, this approach could be extended to link QPUs across multiple data centers. This would scale a larger quantum network across even larger distances to form the groundwork for a future quantum computing internet.

IBM quantum computers linked by this architecture could facilitate massively computationally demanding workloads, including those that require high-performance computing resources as part of a quantum-centric supercomputing framework.

Towards this vision, IBM is also working with the Superconducting Quantum Materials and Systems Center (SQMS), led by Fermi National Accelerator Laboratory, in its role as a member of four of the U.S. Department of Energy National Quantum Information Science and Research Centers. Together, IBM and SQMS intend to investigate how many QNUs could be used within quantum data centers, and they are planning an initial demonstration of multiple connected QPUs within the next three years.  

The Foundation of a Quantum Computing Internet

Building a distributed and scalable quantum computing network will create a pathway towards an exponentially large computational space and enable the expansion of diverse technologies, which could begin to form a future quantum computing internet by the late 2030s.

A quantum computing internet provides a future where many distributed quantum-based technologies, such as quantum computers, quantum sensors, and quantum communications are connected and share information across distances, such as a metro region and eventually, at a planetary scale. This bold vision could facilitate new possibilities such as ultra-secure communications, or precise monitoring of climate, weather, and seismic activity.

As another part of their current intention to collaborate, IBM and Cisco plan to co-fund academic research and collaborative projects to advance the broader quantum ecosystem, following a long history of fostering research in academic and national labs.

About IBM 

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

For more information, visit https://research.ibm.com.

About Cisco 

Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience. With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco. 

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word ‘partner’ does not imply a partnership relationship between Cisco and any other company. 

Disclaimer: Many of the products and features mentioned are still in development and will be made available as they are finalized, subject to ongoing evolution in development and innovation. The timeline for their release is subject to change. 

Media Contacts

IBM
Erin Angelini
IBM Communications
edlehr@us.bim.com 

Cisco
Ramona Redlingshafer
Public Relations
rredling@cisco.com 

An image of Cisco’s Quantum Networking Entanglement Chip. (Credit: Cisco)
An image of Cisco’s Quantum Networking Entanglement Chip. (Credit: Cisco)

 

IBM's future vision for quantum computing at scale includes quantum processing units (QPUs) networked over shorter distances in data centers, and over longer distances to potentially connect to quantum sensors and on-premises systems. (Credit: IBM)
IBM’s future vision for quantum computing at scale includes quantum processing units (QPUs) networked over shorter distances in data centers, and over longer distances to potentially connect to quantum sensors and on-premises systems. (Credit: IBM)

 

 

Lanvin Group Holdings Limited to Hold Annual General Meeting on December 18, 2025

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NEW YORK, Nov. 20, 2025 /PRNewswire/ — Lanvin Group Holdings Limited (NYSE: LANV, the “Company” or “Lanvin Group”), a global luxury fashion group, today announced that it will hold its annual general meeting of the shareholders (the “AGM”) virtually through a live webcast and teleconference on December 18, 2025 at 9:00 AM EST. The AGM will serve as an open forum for shareholders to engage with the Board of Directors and the executive management of the Company, and will be convened for the purpose of considering and, if thought fit, passing the Proposed Resolution set forth in the Notice of AGM. The Notice and the form of proxy for the AGM are available on the Company’s website at https://ir.lanvin-group.com.

The Board of Directors fully supports the Proposed Resolution and recommends that shareholders vote in favor of it as set out in the Notice of AGM.

Only holders of record of the Company’s ordinary shares with a par value of US$0.000001 each at the close of business on November 17, 2025 New York time are entitled to receive notice of, to attend and to vote at the AGM or any adjournment or postponement thereof.

The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024 (the “Form 20-F”), with the United

States Securities and Exchange Commission (the “SEC”). The Form 20-F can be accessed on the Company’s website at https://ir.lanvin-group.com and on the SEC’s website at http://www.sec.gov.

About Lanvin Group
Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China and Milan, Italy, managing iconic brands worldwide including Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an intimate understanding and unparalleled access to the fastest-growing luxury fashion markets in the world. Lanvin Group is listed on the New York Stock Exchange under the ticker symbol “LANV”. For more information about Lanvin Group, please visit www.lanvin-group.com, and to view our investor presentation, please visit https://ir.lanvin-group.com.

Enquiries:
Investors 
Lanvin Group
Coco Wang
coco.wang@lanvin-group.com

MULTIPLE EVENTS L.L.C, a Subsidiary of AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C, Named Preferred Executive Service Partner for the 19th World Chinese Entrepreneurs Convention

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DUBAI, UAE, Nov. 20, 2025 /PRNewswire/ — AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C (“Ambitions” or “the Company”) (NASDAQ: AHMA), a United Arab Emirates (“UAE”)-based MICE (meetings, incentives, conferences, and exhibitions) and tourism services provider, today announced that its UAE-based subsidiary, MULTIPLE EVENTS L.L.C (“Multiple Events”), has been formally appointed as the preferred executive service partner for the 19th World Chinese Entrepreneurs Convention (the “WCEC”), to be held in Abu Dhabi and Dubai in October 2027.

Multiple Events plans to leverage its expertise and track record of managing large-scale international events across the UAE to deliver a convention powered by technology, aiming to showcase its innovation and execution prowess for the global business community. With a comprehensive, technology-enabled event plan spanning creative and scenographic design, venue and stage operations, hospitality, media and communications, supplier coordination and on-site management, Multiple Events aims to accommodate an expected audience of nearly 5,000 Chinese entrepreneurs, business leaders and global partners.

Established in 1991, the WCEC is a platform aiming to promote Chinese global entrepreneurship, commercial collaboration and cultural exchange. For over three decades, the WCEC has hosted large-scale events in many countries and cities, serving as a beacon for global Chinese businesses seeking international investment and cooperation. WCEC member companies include international enterprises and industry participants from across regions, while its network encompasses over 8,000 small and medium-sized enterprises across more than 100 industries worldwide.

The 19th WCEC is expected to serve as a globally focused platform attracting Chinese, overseas Chinese, and international business leaders, and encouraging investment and engagement with the UAE’s economy and industrial innovation strategy.

About AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C

As a UAE-based MICE and tourism services provider, the Company serves a global client base by delivering event management and one-stop travel solutions. Guided by an experienced management team and supported by partnerships across the tourism and hospitality industries in the Middle East, Europe, Africa, and the Americas, the Company executes large-scale events for clients from diverse sectors. Additionally, the Company manages bespoke travel experiences, providing a one-stop guided tour service that streamlines travel across the UAE and its neighboring countries, as well as to other global destinations.

For more information, please visit https://ir.ambitions.ae.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C
Investor Relations
Email: Ambitions@thepiacentegroup.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Ambitions@thepiacentegroup.com

Jenny Cai
Tel: +86-10-6508-0677
Email: Ambitions@thepiacentegroup.com

Henlius’ Serplulimab (anti-PD-1 mAb) Granted Breakthrough Therapy Designation by China NMPA for Neo-/Adjuvant Treatment for Gastric Cancer

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  • The first CDE-designated Breakthrough Therapy for perioperative gastric cancer, promising accelerated patient access.
  • The world’s first gastric cancer perioperative regimen replacing chemotherapy with immunotherapy alone in the adjuvant setting has met primary endpoints in its phase 3 clinical trial, significantly reducing recurrence risk and improving cure rates. 
  • No immunotherapy has been approved globally for gastric cancer perioperative treatment – HANSIZHUANG is poised to address this unmet medical need.

SHANGHAI, Nov. 20, 2025 /PRNewswire/ — Shanghai Henlius Biotech, Inc. (2696.HK) announced that its self-developed innovative anti-PD-1 monoclonal antibody HANSIZHUANG (serplulimab, Hetronifly® in Europe), in combination with chemotherapy for neo-/adjuvant treatment for gastric cancer, has been officially granted the Breakthrough Therapy Designation (BTD) by the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA). This marks the first gastric cancer perioperative drug to receive the CDE’s BTD. Previously, the phase 3 clinical trial of this therapy met its primary endpoints. As the world’s first perioperative gastric cancer treatment regimen replacing chemotherapy with immunotherapy alone in the adjuvant setting, it demonstrates potential to deliver dual breakthroughs in survival benefits and quality of life for patients.

In accordance with the relative measures of Administration of Drug Registration and the Announcement of the NMPA on the Release of Three Documents including the Working Procedures for Review of Breakthrough Therapeutics (Trial) (No. 82 of 2020), the BTD procedure is designed to expedite the development and review of therapies that are intended for treatment of a seriously debilitating or life-threatening condition for which there is no existing treatment and where preliminary evidence indicates advantages of the therapy over available treatment options. According to the CDE, drug candidates with BTD may be eligible for conditional approval and priority review when submitting a New Drug Application (NDA).

Gastric cancer is a highly prevalent malignant tumor worldwide, ranking fifth in both incidence and mortality among all cancers [1]. In China, the number of new cases and deaths from gastric cancer reached 359,000 and 260,000 respectively in 2022, ranking fifth and third among all malignant tumors [2], reflecting a substantial disease burden. Currently, radical surgery remains the primary treatment for gastric cancer. However, clinical practice faces multiple challenges, including low rates of surgical resection, a limited proportion of radical resections, and high postoperative recurrence rates in patients with stage 2 or higher disease. Therefore, improving resection rates and exploring effective non-surgical treatment strategies have become key research directions in gastric cancer management [3]. Against this backdrop, the role of neoadjuvant/adjuvant therapy has become increasingly prominent [4]. Neoadjuvant therapy aims to downstage tumors, increase the rate of complete resection, and achieve maximal pathological response. Adjuvant therapy, on the other hand, focuses on eliminating minimal residual disease after surgery to reduce the risk of recurrence. Currently, chemotherapy or chemoradiotherapy represents the mainstream perioperative treatment strategy for gastric cancer [5-7]. Nevertheless, recurrence rates remain high. Additionally, many patients experience interruptions in adjuvant therapy due to slow postoperative recovery or poor tolerance to chemotherapy, which directly affects their long-term survival outcomes.

The ASTRUM-006 trial—a phase 3 study evaluating HANSIZHUANG combined with chemotherapy as neo-/adjuvant treatment for gastric cancer—is the first perioperative Phase 3 registration study in China to report positive results, It aims to assess the clinical efficacy and safety of HANSIZHUANG plus chemotherapy compared with placebo plus chemotherapy as neoadjuvant, followed by HANSIZHUANG monotherapy as adjuvant therapy, in patients with early-stage gastric cancer. Interim analysis results demonstrated that the combination of HANSIZHUANG and chemotherapy significantly extended event-free survival (EFS) and achieved a pathological complete response (pCR) rate more than three times that of the control group, significantly reducing the risk of recurrence with an overall manageable safety profile. The study pioneers a novel “chemotherapy-free” adjuvant treatment model. This approach not only enhances the potential for cure but also achieves a superior balance between efficacy and safety by avoiding chemotherapy-related toxicities, thereby substantially improving patient treatment adherence and quality of life. Currently, no immunotherapy is approved globally for the perioperative treatment of gastric cancer. As a multicenter clinical trial initiated by a Chinese company and led by Chinese investigators, ASTRUM-006 fully demonstrates China’s innovative capacity and leadership in the field of oncology. The recent granting of BTD authoritatively recognizes HANSIZHUANG’s potential and clinical value in the perioperative setting of gastric cancer, which is expected to accelerate its regulatory review and market approval, potentially filling the current gap in immunotherapy for this indication.

Going forward, Henlius will fast-track this innovative therapy to market, bridging a clinical breakthrough into tangible survival benefits. We are committed to bringing new hope to patients through a superior treatment option.

About Henlius
Henlius (2696.HK) is a global biopharmaceutical company with the vision to offer high-quality, affordable and innovative biologic medicines for patients worldwide with a focus on oncology, autoimmune diseases and ophthalmic diseases. To date, 10 products have been approved for marketing across multiple countries and regions, and 3 marketing applications have been accepted for review in China, the U.S. and the EU, respectively. Since its inception in 2010, Henlius has built an integrated biopharmaceutical platform with core capabilities of high-efficiency and innovation embedded throughout the whole product life cycle including R&D, manufacturing and commercialization. It has established global innovation centre and Shanghai-based commercial manufacturing facilities certificated by China, the EU and U.S. GMP.

Henlius has pro-actively built a diversified and high-quality product pipeline covering about 50 molecules and has continued to explore immuno-oncology combination therapies with proprietary HANSIZHUANG (anti-PD-1 mAb) as the backbone. To date, the company’s launched products include HANSIZHUANG (serplulimab, trade name: Hetronifly® in Europe), the world’s first anti-PD-1 mAb for the first-line treatment of SCLC, HANQUYOU (trastuzumab, trade name: HERCESSI™ in the U.S., Zercepac® in Europe), a China-developed mAb biosimilar approved in China, Europe and U.S., HANLIKANG (rituximab), the first China-developed biosimilar, denosumab Bildyos® and Bilprevda®, and pertuzumab Poherdy®. What’s more, Henlius has conducted over 30 clinical studies for 19 products, expanding its presence in major markets as well as emerging markets.

To learn more about Henlius, visit https://www.henlius.com/en/index.html and connect with us on LinkedIn at https://www.linkedin.com/company/henlius/.

Reference

[1] Bray F, Laversanne M, Sung H, et al. Global cancer statistics 2022: GLOBOCAN estimates of incidence and mortality worldwide for 36 cancers in 185 countries. CA Cancer J Clin. 2024 May-Jun;74(3):229-263.

[2] Han B, Zheng R, Zeng H, Wang S, Sun K, Chen R, Li L, Wei W, He J. Cancer incidence and mortality in China, 2022. J Natl Cancer Cent. 2024 Feb 2;4(1):47-53.

[3] 江良县,周申康,刘帅等. 新辅助化疗联合腹腔镜手术治疗进展期胃癌效果及患者生活质量情况观察[J]世界华人消化杂志,2018, 26(13):782-789.

[4] Knight G, Earle CC, Cosby R, et al. Neoadjuvant or adjuvant therapy for resectable gastriccancer: a systematic review and practice guideline for North America. Gastric Cancer ,2013, 16(1):28-40.

[5] Lordick F, Carneiro F, Cascinu S, et al. Gastric cancer: ESMO Clinical Practice Guideline for diagnosis, treatment and follow-up. Ann Oncol. 2022 Oct;33(10):1005-1020.

[6] National Comprehensive Cancer Network. NCCN clinical practice guidelines in oncology (NCCN guidelines): gastric cancer (Version 3.2025).

[7] Japanese Gastric Cancer Association. Japanese Gastric Cancer Treatment Guidelines 2021 (6th edition). Gastric Cancer. 2023 Jan;26(1):1-25.

 

Fibocom Launches AI Dongle to Transform Edge AI Experiences

By
Advertorial Desk
-

SHENZHEN, China, Nov. 20, 2025 /PRNewswire/ — Fibocom (300638.SZ | 0638.HK), a global leader in wireless communication modules and edge AI solutions, has unveiled its innovative AI Dongle. The device delivers mobile AI computing power to personal PCs, NAS devices, and other terminals, supporting real-time on-device LLM inference for applications like Q&A assistants, text-to-image search, and meeting summarization.

Plug-and-Play AI Experience

The AI Dongle addresses key challenges for edge devices, including real-time inference, data privacy, and energy efficiency. USB-powered, compact, and driver-free, it delivers a true plug-and-play experience on any USB-enabled device. By processing data locally, sensitive information remains on-device, making it ideal for privacy-focused scenarios such as smart meetings and personal assistants. Built on the Qualcomm® QCS6490 processor, the AI Dongle supports a wide range of tasks, from lightweight AI workloads to complex large-model inference.

Fibocom’s proprietary AI Stack empowers developers to access popular models via OpenAI APIs, enabling seamless integration of on-device AI capabilities with minimal configuration.

Empowering Devices from PCs to NAS

Plugged into any standard PC USB port, the AI Dongle delivers powerful AI capabilities for applications like smart meeting systems, supporting offline multi-language translation and automatic meeting summaries.

For developers, it lowers the barrier to entry—no expensive AI workstations are needed. Creative professionals can accelerate AI-powered plugins for image processing, video editing, and more.

Paired with NAS devices, the AI Dongle adds dedicated AI computing to centralized storage. This combination is ideal for smart home and safety applications, enabling real-time analysis of local video for facial recognition and behavior detection while protecting data privacy. For small and medium-sized enterprises, it offers secure, efficient content management, supporting tasks like document analysis and intelligent categorization. In research and edge computing, it provides a local processing platform that reduces cloud dependency, latency, and costs.

Flexible Expansion for Developers

Fibocom currently offers two demo applications—knowledge Q&A and audio/video transcription—and plans to launch local knowledge-base solutions soon. The AI Dongle will also support open-source agent frameworks, including Tencent Youtu-Agent, streamlining AI application development and accelerating deployment.

Willson Liu, General Manager of Fibocom AIS Business Unit, said:
“The AI Dongle will accelerate AI adoption across intelligent devices, offering a portable, user-friendly, scalable AI+ solution. Fibocom is committed to collaborating across the edge AI ecosystem to explore diverse computing solutions and drive intelligent upgrades across industries.”

About Fibocom 

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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