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Four Seasons Education to Report First Half of Fiscal Year 2026 Unaudited Financial Results

SHANGHAI, Nov. 26, 2025 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a tourism and education-related service provider in China, today announced that it will report its unaudited financial results for the first half of fiscal year 2026 ended August 31, 2025, on December 2, 2025, before the open of U.S. markets.

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on December 2, 2025 (9:00 PM Beijing/Hong Kong time on December 2, 2025).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

International:

1-412-902-4272

Hong Kong, China (toll free):

800-905-945

Hong Kong, China:

852-3018-4992

Mainland China (toll free):

400-120-1203

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “Four Seasons Education.”

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.sijiedu.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until December 9, 2025, by dialing the following telephone numbers:

United States (toll free):

1-855-669-9658

International:

1-412-317-0088

Replay Access Code:

9942703

About Four Seasons Education (Cayman) Inc.

Four Seasons Education (Cayman) Inc. is a service provider of both tourism and education-related services in China. The Company’s program, service and product offerings mainly consist of non-academic tutoring programs, school-based tutoring product solutions and training programs for teachers, study camps and learning trips for students, and travel agency services for all age groups.

For more information, please visit https://ir.sijiedu.com.

For investor and media inquiries, please contact: 

In China:
Four Seasons Education (Cayman) Inc.
Olivia Li
Tel: +86(21)6317 6177  
E-mail: IR@fsesa.com

The Piacente Group, Inc. 
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: fourseasons@tpg-ir.com

In the United States:

The Piacente Group, Inc. 
Brandi Piacente 
Tel: +1-212-481-2050 
E-mail: fourseasons@tpg-ir.com

Appier Powers Formosa Optical’s AI Transformation to Win Special Award for Customer Experience for Asia Pacific in the 2025 IDC Future Enterprise Awards

Formosa Optical harnesses Appier’s AI to elevate customer experience, becoming the Asia/Pacific regional winner


HONG KONG SAR – Media OutReach Newswire – 26 November 2025 – Appier (TSE: 4180) today announced it has helped Formosa Optical, a leading optical retail brand in Taiwan, use its Data Cloud and Personalization Cloud to drive AI- and data-driven customer experience innovation. On the strength of this transformation, Formosa Optical has been named the 2025 Special Award for Customer Experience winner for Asia/Pacific and for Taiwan in the IDC Future Enterprise Awards.

Formosa Optical harnesses Appier’s AI to elevate customer experience, becoming the winner of Special Award for Customer Experience for Asia Pacific in the 2025 IDC Future Enterprise Awards.
Formosa Optical harnesses Appier’s AI to elevate customer experience, becoming the winner of Special Award for Customer Experience for Asia Pacific in the 2025 IDC Future Enterprise Awards.

The award, presented by international research firm IDC, recognizes leading companies that leverage innovative strategies and technology to maximize customer value. Now in its ninth year, the program has drawn more than 4,000 unique organizations across 13 markets in Asia Pacific. Formosa Optical stood out as the regional winner, setting a new benchmark for AI-driven digital transformation in the optical retail sector.

In recent years, Formosa Optical has accelerated its digital innovation agenda, launching a mobile app, AI-powered personalization, CRM enhancements, e-commerce services and AR try-on features, growing its membership to more than 4 million. As Formosa Optical’s AI transformation partner for over six years, Appier implemented a Customer Data Platform (CDP) in 2024 to unify its online and offline data, create customer-centric profiles, and enable AI-driven segmentation and behavior prediction. Together with Appier’s personalization platform, this foundation elevates customer engagement and experience across channels.

This transformation enables Formosa Optical to strengthen digital engagement while maintaining its professional optometry services and advanced in-store equipment. As some eyewear products require eye exams or in-store fitting, seamlessly integrating online and offline channels is essential to a complete customer experience. By leveraging Appier’s data and AI, Formosa Optical has amplified its OMO strategy, optimizing the journey from eyewear selection to eye care and enabling real-time personalized engagement that deepens brand affinity, particularly among younger consumers.

“Formosa Optical stood out for its ability to operationalize customer-centric innovation at scale. Its use of AI and data to unify online and offline experiences goes beyond personalization — it redefines how physical retail can compete in a digital economy. The project demonstrates how a clear data strategy can deliver measurable business growth while elevating customer trust and engagement,” said Abhishek Kumar, Associate Research Director, IDC Asia/Pacific.

With Appier’s customer data platform, Formosa Optical has consolidated cross-channel data and removed silos, giving its marketing team real-time visibility into customer attributes, preferences, and behavioral trends. This allows the team to independently launch personalized campaigns and shorten campaign workflows from seven days to just one—a sevenfold efficiency gain. Integrated with Appier’s personalization platform, the solution delivers personalized product recommendations across the brand’s app, website, email and SMS.

Each interaction is now more predictive, relevant and consistent, driving higher repurchase rates and average order value and strengthening overall customer lifetime value. For example, automated re-engagement journeys for contact lens users send timely online reminders that successfully prompt in-store purchases within seven days. Appier’s AI recommendation models also help customers quickly discover bestselling and relevant products, boosting conversion on Formosa Optical’s e-commerce platform, EYESmart.

Looking ahead, Formosa Optical will continue deepening its collaboration with Appier to explore new AI applications in customer experience innovation. As Appier upgrades its full product suite with Agentic AI—powered by autonomous, adaptive, and collaborative AI Agents—brands will be able to unlock actionable customer insights faster. This advancement will also further accelerate Formosa Optical’s digital innovation and fuel its growth momentum, delivering smarter and more efficient omnichannel experiences.
Hashtag: #Appier #FormosaOptical #AI #CustomerExperience #IDCFEAwards #FutureEnterprise




Wechat: Appier 沛星互动科技

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

About Appier

Appier (TSE: 4180) is an AI native SaaS company that empowers businesses to create value through cutting edge AdTech and MarTech solutions. Founded in 2012 with the vision of “Making AI Easy by Making Software Intelligent,” Appier helps businesses turn AI into ROI through its Ad Cloud, Personalization Cloud and Data Cloud—each powered by Agentic AI that enables autonomous, adaptive and real time decision making. Today, Appier operates 17 offices across APAC, the US and EMEA, and is listed on the Tokyo Stock Exchange. Learn more at .

Singapore no. 1 in global competition for talent

FONTAINEBLEAU, France and SINGAPORE and SAN FRANCISCO, Nov. 26, 2025 /PRNewswire/ — Singapore has leapfrogged Switzerland to take top spot in the latest Global Talent Competitiveness Index (GTCI), riding on its strength in cultivating adaptable, digitally fluent and innovation-ready workforces in the age of artificial intelligence.

This year is the first time the city-state topped the annual ranking, which was launched by INSEAD in 2013 as a benchmark for policy thinking on labour markets, work organisation and talent flows.

High-income European economies continue to anchor the top 10 in this edition, but this year’s GTCI report is also notable for the decline of several major economies, including the United States which slid from 3rd to 9th place.

Themed “Resilience in the Age of Disruption“, this year’s GTCI – the 11th since 2013 –examines how nations and economies are building talent systems capable of weathering disruptions. The ranking of 135 economies is based on 77 indicators, including soft skills and AI talent concentration, across six dimensions: Enable, Attract, Grow, Retain, Vocational and Technical Skills, and Generalist Adaptive Skills.

“True resilience in talent is turning adversity into a catalyst for innovation, adaptability and renewed purpose,” says Felipe Monteiro, GTCI Academic Director and Senior Affiliate Professor of Strategy at INSEAD.

“Resilience means learning how to bounce forward, not just bounce back from the inevitable shocks and crises.”

Lily Fang, INSEAD’s Dean of Research and Innovation, says: “This year’s report should be seen as much more than a race between nations. It offers leaders thoughtful points of reflection on how to integrate powerful technologies, such as AI, into the grand pursuit of human progress.”

This year’s ranking also marks the launch of a new partnership between INSEAD and the Portulans Institute, a non-profit research outfit based in Washington D.C.

“This collaboration brings renewed depth and clarity to the GTCI at a time when rapid technological change, geopolitical uncertainty and profound societal transitions make dependable talent metrics more essential than ever,” says Rafael Escalona Reynoso, CEO of Portulans Institute.

Singapore’s strengths

Singapore stands apart in the latest ranking for the constant evolution of its educational system and its forward-looking approach to nurturing an adaptive and innovation-driven workforce, says the GTCI report.

The city-state was ranked first in Generalist Adaptive Skills for a workforce armed with the soft skills, digital literacy and innovation-oriented thinking that today’s fast-shifting landscape demands. Singapore’s ability to retain talent also surged seven spots to 31st.

“Economies that cultivate adaptable, cross-functional and AI-literate workforces tend to be better positioned to convert disruption into opportunity and sustain long-term competitiveness,” says Paul Evans, Emeritus Professor of Organisational Behaviour at INSEAD and co-editor of the report.

“This year’s results underscore that talent competitiveness is not solely a function of income level, but of strategic policy orientation, institutional quality and effective mobilisation of human capital resources.”

GTCI 2025: Top 20 Countries  

1. Singapore

11. Ireland

2. Switzerland

12. United Kingdom

3. Denmark

13. Iceland

4. Finland

14. Canada

5. Sweden

15. Belgium

6. Netherlands

16. Austria

7. Norway

17. Germany

8. Luxembourg

18. New Zealand

9. United States of America

19. France

10. Australia

20. Czech Republic

Doing more with less

One of the defining messages of GTCI 2025, which is audited by the European Commission’s Joint Research Centre, is that the ability to translate investments into meaningful outcomes will set economies apart in the talent race.

Israel along with Singapore and South Korea stood out for their ability to get better talent outcomes with fewer resources. This was also true for some lower-middle income countries such as Tajikistan, Kenya, Uzbekistan, Sri Lanka, Myanmar, Pakistan and Bangladesh. Even low-income countries, including Rwanda demonstrated strong foundations for talent development.

Evans observes, “Economies that align education, labour and innovation systems towards adaptive talent development can achieve high performance even with modest income levels.”

By the regions 

Regionally speaking, there were few surprises. Europe continues to dominate the ranking, accounting for 18 of the top 25 positions including major economies such as Germany (17th), France (19th) and the United Kingdom (12th). In Asia and Oceania, Australia (10th) and New Zealand (18th) outscored Singapore in retaining talent but fell behind in General Adaptive Skills. China’s decline from 40th to 53rd reflected a less favourable business climate and labour market, though the report acknowledges that insufficient data could also have played a part.

North America’s capacity to cultivate and deploy skilled talent across sectors is reflected in the US’ (9th) and Canada’s (14th) strong rankings – despite the US’ poorer showing compared to 2023.

North Africa and Western Asia were led by Israel (23rd) while the United Arab Emirates (25th) topped the region in attracting talent and developing skills, although it lagged in high-level skills.

Chile (39th) came out top in Latin America and the Caribbean, followed by Uruguay (42nd) and Costa Rica (44th). However, neither Brazil nor Mexico, the region’s two largest economies, managed to feature in the top 50.

Looking ahead, Escalona Reynoso observes, “What matters most today are adaptive capabilities: the ability to collaborate, think across disciplines, innovate under pressure and navigate fast-moving, tech-driven environments.

“These are the skills that increasingly define a country’s competitiveness — and the GTCI now captures this reality more clearly than ever.”

More information and media resources
Download the full report and infographics here. Follow #GTCI2025 online.
Read more about the GTCI 2025 findings here

Vingroup Builds Vietnam’s Future by Pursuing the Hard Path

Vingroup’s story unfolds as a company that repeatedly opts for the hardest path, turning improbable ambitions in cars, cities and culture into a broader statement about Vietnam’s willingness to attempt what once seemed out of reach.


HANOI, VIETNAM – Media OutReach Newswire – 26 November 2025 – The electric vehicle manufacturer VinFast began as a question few in Vietnam had ever asked. Could, or even should, a Vietnamese company build a modern automotive brand capable of joining the global race toward electric mobility.

The electric vehicle manufacturer VinFast

Less than a decade ago, the idea sounded unrealistic to many observers.
Vietnam had never produced mass market automobiles, and the global field was dominated by long established giants. Yet Vingroup, Vietnam’s largest private conglomerate, moved ahead. Land was reclaimed from the sea so quickly that even Google Maps struggled to update. Production lines rose. Engineers from many countries worked side by side. The ambitious proposal became vehicles rolling out of factories at a speed that surprised supporters and critics alike.

VinFast now leads the domestic market for eleven consecutive months and is expanding globally with growing confidence. Its premium VF 8 is already present in demanding international regions, including the Middle East, where the company is building a selective but strategic foothold across several markets.

The carmaker’s story is emblematic of how Vingroup approaches every new frontier. It relied on conviction. Enter a difficult space. Push until the impossible feels ordinary. This mindset shaped the next chapter in Vingroup’s domestic development.

For three decades, Vinhomes has reshaped Vietnamese urban living, and its peak ambition emerges in Cần Giờ with Vinhomes Green Paradise. Positioned where mangrove forest meets sea, the project expresses an Eastern view of ESG that treats environmental balance as a living principle. Electric transit, responsive environmental monitoring and regeneration focused design work together to create a city that grows with nature, not against it. It stands as Vietnam’s model for future coastal development grounded in harmony and sustainability.

As Vingroup advanced in technology, mobility and real estate, another need became clear. Vietnam was building faster than ever, yet its cultural identity and creative voice required stronger support. In 2025, Vingroup announced Culture as a new core pillar. This shift moves beyond economic development and into the foundation of a nation’s spirit. The Culture pillar supports traditional arts, encourages modern creativity and creates professional environments where artists can develop long term careers. It includes education for young talent, film production and distribution and the organization of major cultural events.

This expansion allows Vietnam to host world class artistic experiences that can attract international tours and global performers. It positions the country to welcome cultural phenomena on the scale of G-Dragon’s Ubersmench tour and other large format events that define modern entertainment. The aim is clear. Vietnam should not only export culture but also become a destination that global artists view as essential.

Vingroup’s path reveals a consistent pattern. Build a car in a country without a truly domestic brand. Build cities that challenge old limits. Build cultural platforms that open the door for global artistic exchanges. Each move widens the scope of what a Vietnamese conglomerate can contribute to the world. The story continues to evolve as the company keeps choosing the hard thing and pursuing it with full commitment.

Hashtag: #Vingroup

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

CIFM / interzum guangzhou 2026: Visitor Registration Open for the “Smart Revolution”

GUANGZHOU, China, Nov. 26, 2025 /PRNewswire/ — CIFM / interzum guangzhou 2026 will kick off the “Smart Revolution” chapter from 28 to 31 March at Canton Fair Complex in Guangzhou, China. Gathering over 1,600 global leading enterprises, the exhibition spans the entire furniture production sector serving as a premier platform for intelligent production, sustainable materials, high-end customization, and other core solutions. Registration is now open for worldwide furniture professionals to join this landmark event.

interzum guangzhou International Machinery Zones – Smart Manufacturing Spotlight
interzum guangzhou International Machinery Zones – Smart Manufacturing Spotlight

Global Excellence Assembled

Building on Koelnmesse’s global network, the 2026 exhibition strengthens its authority with benchmark brands from nearly 30 countries and regions. The German Pavilion, Turkish Pavilion, and Taiwan Woodworking Machinery Association Pavilion will make a stunning return, presenting cutting-edge technologies and products.

The International Machinery Zones in Area B will spotlight intelligent manufacturing, showcasing the future of automation, digitalization, and flexible production for woodworking and upholstered furniture. Once again officially recommended by the European Federation of Woodworking Machinery Manufacturers (EUMABOIS), interzum guangzhou 2026 has been selected as its exclusive woodworking machinery event partner in China. Industry leaders including BIESSE, CEFLA, Freud, HOMAG, Leitz, LEUCO, Paolino Bacci, PYTHA Lab, WEINIG, and Wemhöner will showcase their world-class technologies.  

The International Halls for furniture production materials in Area C serve as an innovation hub for interior materials, hardware and components, textiles and upholstery accessories, offering eco-friendly, high-performance products and international solutions for future design.

Powering Growth Through Signature Events

Anchored in the “Smart Revolution” theme, interzum guangzhou 2026 will present a lineup of premium events. In 2026, the “Vitality of Sustainable Innovation to Life (VSIL) Forum” will focus on “Emotional Smart Manufacturing—Where Emotion Meets Intelligence,” bringing together suppliers, designers, and brands to explore the journey from design inspiration to supply chain implementation and brand commercialization.

Addressing technical bottlenecks in high-end customization, the “Boundless Innovation Forum” will feature a dedicated session: “Wood Vision—2026 Wood Veneer Finishing Technology Innovation.” Focusing on material, craftsmanship, and technology, it will foster a Sino-European exchange for high-end woodworking, delivering in-depth analysis of end-to-end solutions for veneer texture treatment, precise coating, and effect customization.

Furthermore, a variety of supporting events will run concurrently to empower industry growth. The highly anticipated interzum guangzhou Award will continue driving innovative product commercialization, offering a spotlight for forward-thinking solutions. Business matching services will delve into buyer needs, bridging supply and demand through precise matching to accelerate business conversion.

CIFM / interzum guangzhou 2026 is the core platform for industry insights, international resources, and business growth. Visit the official website (www.interzum-guangzhou.com) to register and secure your complimentary access at this annual premier event.

– End –

About the Organisers
Koelnmesse GmbH

Koelnmesse generated more than 400 million euro in revenue worldwide in 2019 and has a workforce of more than 1,000 people. As a city trade fair location in the heart of Europe, it is home to the third-largest trade fairgrounds in Germany and ranks among the top ten in the world, with approximately 400,000 m² of hall space and outdoor area. Each year, Koelnmesse organises and manages around 80 trade fairs, guest events and special events in Cologne and in the most important markets all over the world.
www.koelnmesse.com 

China Foreign Trade Centre Group, Ltd.

The China Foreign Trade Centre Group, Ltd. is a highly qualified and experienced exhibition company. For more than 50 years, it has been organizing the China Import and Export Fair (also known as the Canton Fair), the largest trade fair in China. It is also the organizer of CIFF (China International Furniture Fair –Guangzhou), Asia’s biggest furniture trade fair.

Koelnmesse Global Inspiration for Living, Contract and Public Spaces

Koelnmesse is the world’s top trade fair organiser for the areas of Living, Contract and Public Spaces. Alongside the trade fair duo imm cologne and idd cologne (interior design days cologne), other formats hosted at the trade fair hub of Cologne such as ORGATEC, interzum, FSB, spoga+gafa and aquanale are among the most internationally renowned and established industry gatherings. These fairs comprehensively represent the interior and design segment, the furniture and interior construction industries’ supplying sections, the kitchen world, all topics for the modern working world, garden lifestyle as well as modern work environments, the garden lifestyle, public spaces, sports and leisure facilities, along with saunas, pools and wellness centres.

Beyond that, Koelnmesse is strategically expanding its portfolio in international growth markets. The imm brand family now includes imm india and La Feria De Diseño Medellín – powered by imm cologne in Colombia. The ORGATEC brand has established a global footprint with ORGATEC Tokyo, ORGATEC India, and ORGATEC WORKSPACE Saudi Arabia. The international presence of the interzum brand extends to interzum guangzhou, interzum bogota, interzum jakarta, and the interzum forum italy. The FSB brand is also internationally active, with the FSB Sports Show Riyadh and the FSB Forum Italy in Bergamo.

Further information: https://www.interzum.com/en/trade-fair/interzum/industry-trade-fairs/

Upcoming events:

interzum guangzhou, Guangzhou, China, 28-31 March 2026

interzum bogota, Bogotá, Colombia, 12-15 May 2026 

interzum forum italy, Bergamo, Italy, 4-5 June 2026

interzum jakarta, Jakarta, Indonesia, 23-26 September 2026

interzum, Cologne, Germany, 11-14 May 2027

Note to editors:

interzum guangzhou photos are available in our online image database at: www.interzum-guangzhou.com.

Press information is available at: www.interzum-guangzhou.com/press-releases

If you reprint this document, please send us a sample copy.

 

Global Drama Association Launches in New York, Unveiling Landmark Short Drama Fund

NEW YORK, Nov. 25, 2025 /PRNewswire/ — The Global Drama Association (GDA) officially launched last week in a landmark ceremony held in New York City, marking a significant step towards advancing the short drama industry on a global scale. The event gathered over 100 esteemed international industry professionals, including actors, directors, producers, investors and influencers, to celebrate the association’s founding.

Guided by the vision of “Making Short Drama the Language of Our Time,” the GDA is dedicated to promoting innovation and global development in the short drama industry. The association brings together outstanding talents and institutions from film, television, technology, and cultural sectors to build an international platform for creation, collaboration, investment, and promotion.

A cornerstone of the GDA’s mission is the unveiling of the Global Drama Fund, a key strategic initiative designed to empower the next generation of storytellers. The fund will provide emerging screenwriters, directors, and actors with crucial creative and financial support, professional mentorship, and international exposure opportunities, fostering professionalization and diversification from screenwriting to global distribution.

“The digital era demands new forms of storytelling, and short drama, especially AI-generated ones—is at the forefront of this cultural shift,” said Donghui Zhuang, Chairman of the Global Drama Association. “The Global Drama Fund is our tangible commitment to nurturing the talent that will define this new language.”

The GDA will actively encourage the integration of entertainment and business, exploring emerging formats such as AI-assisted storytelling, virtual production, and interactive short dramas to shape the future of the medium.

About Global Drama Association (GDA):

The Global Drama Association (GDA) is dedicated to promoting the innovation and global development of the short drama industry. By bringing together outstanding talents and institutions from film, television, technology, and cultural sectors, the Association strives to build an international platform for creation, collaboration, investment connections, and promotion. Guided by the hope of “Making everybody the star of vertical drama”, GDA focuses on advancing the professionalization and diversification of short drama creation and actively encourages the integration of entertainment, business and social media to drive the industry forward. The GDA will also commit to protecting copyrights and promoting a healthy ecosystem of the vertical drama industry.

CONTACT: info@globaldramaassociation.org

WSPN Brings Institutional Treasury Yields to Stablecoin Holders with W Earn Launch

TORTOLA, British Virgin Islands, Nov. 26, 2025 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) today announced the launch of W Earn, an institutional-grade yield product that enables WUSD holders to earn offers an indicative target yield of around 4% (subject to market conditions). The product is now live at wearn.app.

“W Earn represents our commitment to making institutional-grade financial products accessible through simple, compliant infrastructure,” said Raymond Yuan, Founder & CEO of WSPN. “Users can now earn stable returns on their stablecoin holdings while maintaining full liquidity of their principal.”

Institutional Asset Management Meets Stablecoin Efficiency

W Earn generates returns by deploying user funds into low-risk instruments including U.S. Treasury bills and money market funds. WSPN works with licensed trust companies to ensure regulatory compliance, with all underlying assets held through licensed custodians. Returns are calculated daily, with settlements completed within two business days. Users can redeem their principal at any time without penalties.

This approach addresses a fundamental gap in the digital asset ecosystem: traditional savings accounts offer minimal returns, while many crypto yield products involve complex protocols and smart contract risks. W Earn bridges this gap by combining institutional asset management practices with the efficiency and transparency of stablecoin infrastructure.

Built for Platform Integration

W Earn is built on a full API integration model, allowing platforms to seamlessly embed yield functionality into their existing user experience through white-label solutions. The product operates on a whitelist basis, focusing primarily on institutional and B2B clients—aligning with WSPN’s strategy of providing enterprise-grade infrastructure solutions.

Early adopters including Stableflow have already integrated W Earn, launching dedicated rewards interfaces powered by WSPN’s API.

For more information about W Earn or to inquire about integration opportunities, visit wearn.app or contact WSPN’s business development team.

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, dedicated to building a more secure, efficient, and transparent global payment ecosystem. Our flagship stablecoin, WUSD, is fully backed and pegged 1:1 to the U.S. Dollar, serving as the foundation for a suite of integrated financial solutions. These solutions support a range of financial applications from institutional treasury management to programmable payments and decentralized finance. With a strong focus on transparency, regulatory compliance, and user accessibility, WSPN bridges the gap between Web3 innovation and traditional financial systems, driving the global adoption of stablecoins at scale.

Learn more: www.wspn.ioX | LinkedIn

Cheetah Mobile Announces Third Quarter 2025 Unaudited Consolidated Financial Results

BEIJING, Nov. 26, 2025 /PRNewswire/ — Cheetah Mobile Inc. (NYSE: CMCM) (“Cheetah Mobile” or the “Company”), a China-based IT company, today announced its unaudited consolidated financial results for the quarter ended September 30, 2025.

Management Commentary

Mr. Sheng Fu, Cheetah Mobile’s Chairman and Chief Executive Officer, remarked, “We are pleased to see continued momentum in our turnaround journey. In the third quarter of 2025, we delivered our first quarterly operating profit in six years—reaching this milestone ahead of expectations. Total revenue grew 49.6% year over year, with the AI and others segment increasing 150.8% and contributing half of total revenue, reflecting the emergence of our next growth engine. Within the AI and others segment, our AI robot business continued to perform well, supported by solid demand for our voice-enabled wheel robots and robotic arms. In parallel, we are developing AI-native tools across PC and mobile, while enhancing existing products with new AI features. Looking ahead, we remain focused on driving growth by building new growth engines through continued investment in AI robots and AI tools.”

Mr. Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: “Our consistent improvement on bottom-line reflects our disciplined execution and operational improvements. Operating profit was about RMB3.9 million, increasing from an operating loss of RMB72.0 million in the year ago quarter and an operating loss of RMB11.1 million in the previous quarter. Non-GAAP operating profit reached RMB15.1 million, compared with a non-GAAP operating loss of RMB60.5 million in the same period last year and RMB2.1 million in Q2. Our Internet business segment generated RMB68.2 million in adjusted operating profit in the first nine months of 2025, exceeding full-year 2024 levels and growing 86.2% year over year. Meanwhile, adjusted operating loss in our AI and others segment narrowed meaningfully in this quarter. In addition, our balance sheet remains healthy.

Third Quarter 2025 Financial Highlight

  • Total revenues grew by 49.6% year-over-year to RMB287.4 million (US$40.4 million) in the third quarter of 2025, driven by the 150.8% year-over-year increase in AI and others revenues, which already accounted for 50.4% of Cheetah Mobile’s third quarter revenues, up from 30.1% in the same period last year.
  • Gross profit increased by 64.4% year-over-year to RMB214.4 million (US$30.1 million) in the third quarter of 2025. Non-GAAP gross profit rose by 64.3% year-over-year to RMB214.4 million (US$30.1 million) in the third quarter of 2025. Gross margin was 74.6% in the third quarter of 2025, up from 67.9% in the year-ago quarter. Non-GAAP gross margin was 74.6% in the third quarter of 2025, up from 67.9% in the year-ago quarter.
  • Operating profit was RMB3.9 million (US$0.6 million) in the third quarter of 2025, improving from operating loss of RMB72.0 million in the same period last year. Non-GAAP operating profit was RMB15.1 million (US$2.1 million) in the third quarter of 2025, improving from non-GAAP operating loss of RMB60.5 million in the same period last year.
  • Net loss attributable to Cheetah Mobile Shareholders was RMB11.0 million (US$1.5 million) in the third quarter of 2025, improving from net loss attributable to Cheetah Mobile Shareholders of RMB 46.9 million in the year ago quarter. Non-GAAP net income attributable to Cheetah Mobile Shareholders was RMB0.2 million (US$0.03 million) in the third quarter of 2025, improving from non-GAAP net loss attributable to Cheetah Mobile Shareholders of RMB35.4 million in the same period last year.
  • As of September 30, 2025, the Company had cash and cash equivalents of RMB1,597.3 million (US$224.4 million), ensuring strong liquidity.
  • As of September 30, 2025, the Company had long-term investments of RMB761.4 million (US$107.0 million).

Conference Call Information

The Company will hold a conference call on November 26, 2025, at 6:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers:

Main Line:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: +86-4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 4896015

English Translation:
International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: +86-4001-206115
Hong Kong Toll Free: 800-963976
Conference ID: 4165222

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.cmcm.com

Exchange Rate

This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB7.1190 to US$1.00, the exchange rate in effect as of September 30, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America (“U.S. GAAP”).

About Cheetah Mobile Inc.

Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has attracted hundreds of millions of users through an array of internet products and services on PCs and mobile devices. At the same time, it actively engages in the independent research and development of AI technologies, including LLM technologies. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as AI service robots and robotic arms to international clients. Cheetah Mobile is also committed to leveraging its cutting-edge AI technologies, including LLM technologies, to empower its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Safe Harbor Statement 

This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile’s growth strategies; Cheetah Mobile’s ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile’s ability to monetize its platform; Cheetah Mobile’s future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile’s revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile’s filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Use of Non-GAAP Financial Measures

This release contains non-GAAP financial measures, including but not limited to:

  • Non-GAAP cost of revenues excludes share-based compensation expenses;
  • Non-GAAP gross profit excludes share-based compensation expenses;
  • Non-GAAP gross margin excludes share-based compensation expenses;
  • Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
  • Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions;
  • Non-GAAP selling and marketing expenses exclude share-based compensation expenses and amortization of intangible assets resulting from business acquisitions;
  • Non-GAAP general and administrative expenses exclude share-based compensation expenses;
  • Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
  • Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions;
  • Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions; 

The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets and impairment of goodwill resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company’s net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned “Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results”.

Investor Relations Contact

Helen Jing Zhu
Cheetah Mobile Inc.
Tel: +86 10 6292 7779
Email: ir@cmcm.com 

 

 

CHEETAH MOBILE INC.

Condensed Consolidated Balance Sheets

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

As of

December 31, 2024

September 30, 2025

RMB

RMB

USD

ASSETS

Current assets:

Cash and cash equivalents

1,833,031

1,597,311

224,373

Short-term investments

335

863

121

Accounts receivable, net

473,619

443,459

62,292

Prepayments and other current assets, net

1,365,761

1,115,204

156,653

Due from related parties, net

106,934

126,801

17,812

Total current assets

3,779,680

3,283,638

461,251

Non-current assets:

Property and equipment, net

51,564

40,797

5,731

Operating lease right-of-use assets

26,323

19,067

2,678

Intangible assets, net

190,665

205,660

28,889

Goodwill

424,099

460,034

64,621

Long-term investments

817,330

761,408

106,954

Deferred tax assets

128,581

119,725

16,818

Other non-current assets

86,059

90,317

12,687

Total non-current assets

1,724,621

1,697,008

238,378

Total assets

5,504,301

4,980,646

699,629

LIABILITIES, MEZZANINE EQUITY
AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

219,566

207,356

29,127

Accrued expenses and other current liabilities

2,756,805

2,309,513

324,415

Due to related parties

69,606

18,011

2,530

Income tax payable

35,804

50,748

7,129

Total current liabilities

3,081,781

2,585,628

363,201

Non-current liabilities:

Deferred tax liabilities

43,046

44,635

6,270

Other non-current liabilities

172,348

165,010

23,179

Total non-current liabilities

215,394

209,645

29,449

Total liabilities

3,297,175

2,795,273

392,650

Mezzanine equity:

Redeemable noncontrolling interests

189,725

196,191

27,559

Shareholders’ equity:

Ordinary shares

248

254

36

Additional paid-in capital

2,722,504

2,724,880

382,762

Accumulated deficit

(1,232,577)

(1,299,551)

(182,547)

Accumulated other comprehensive income

410,423

391,343

54,972

Total Cheetah Mobile Inc. shareholders’
equity

1,900,598

1,816,926

255,223

Noncontrolling interests

116,803

172,256

24,197

Total shareholders’ equity

2,017,401

1,989,182

279,420

Total liabilities, mezzanine equity and
shareholders’ equity

5,504,301

4,980,646

699,629

 

 

 

CHEETAH MOBILE INC.

Condensed Consolidated Statements of Comprehensive Loss

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per

share (or ADS) data)

For The Three Months Ended

For The Nine Months Ended

September 30,
2024

September 30,
2025

September 30,
2025

September 30,
2024

September 30,
2025

September 30,
2025

RMB

RMB

USD

RMB

RMB

USD

Revenues

192,083

287,369

40,367

569,788

841,593

118,217

     Internet business

134,287

142,407

20,004

357,036

459,385

64,529

     AI and others

57,796

144,962

20,363

212,752

382,208

53,688

Cost of revenues (a)

(61,714)

(73,005)

(10,255)

(197,365)

(212,936)

(29,911)

Gross profit

130,369

214,364

30,112

372,423

628,657

88,306

Operating income and expenses:

Research and development (a)

(66,269)

(67,962)

(9,547)

(177,885)

(196,289)

(27,573)

Selling and marketing (a)

(89,038)

(82,806)

(11,632)

(237,570)

(290,078)

(40,747)

General and administrative (a)

(47,349)

(60,170)

(8,452)

(188,104)

(179,421)

(25,203)

Other operating income, net

278

506

71

1,014

3,465

487

Total operating income and expenses

(202,378)

(210,432)

(29,560)

(602,545)

(662,323)

(93,036)

Operating (loss)/income

(72,009)

3,932

552

(230,122)

(33,666)

(4,730)

Other income/(expenses):

Interest income, net

9,471

9,560

1,343

34,560

25,145

3,532

Foreign exchange gains

21,351

8,628

1,212

10,510

16,627

2,336

Other income/(expense), net

1,738

(12,318)

(1,730)

(57,469)

(34,171)

(4,800)

(Loss)/income before income taxes

(39,449)

9,802

1,377

(242,521)

(26,065)

(3,662)

Income tax (expenses)/benefits

(2,387)

(13,506)

(1,897)

3,806

(22,191)

(3,117)

Net loss

(41,836)

(3,704)

(520)

(238,715)

(48,256)

(6,779)

Less: net income attributable to noncontrolling
interests

5,061

7,270

1,021

12,058

18,718

2,629

Net loss attributable to Cheetah Mobile
shareholders

(46,897)

(10,974)

(1,541)

(250,773)

(66,974)

(9,408)

Net loss per share

Basic

(0.0323)

(0.0085)

(0.0012)

(0.1711)

(0.0480)

(0.0067)

Diluted

(0.0323)

(0.0086)

(0.0012)

(0.1711)

(0.0483)

(0.0067)

Net loss per ADS

Basic

(1.6150)

(0.4236)

(0.0600)

(8.5542)

(2.4019)

(0.3350)

Diluted

(1.6150)

(0.4296)

(0.0600)

(8.5569)

(2.4130)

(0.3350)

Weighted average number of shares
outstanding

Basic

1,509,057,830

1,548,248,444

1,548,248,444

1,499,799,151

1,527,699,928

1,527,699,928

Diluted

1,509,057,830

1,548,248,444

1,548,248,444

1,499,799,151

1,527,699,928

1,527,699,928

Weighted average number of ADSs
outstanding

Basic

30,181,157

30,964,969

30,964,969

29,995,983

30,553,999

30,553,999

Diluted

30,181,157

30,964,969

30,964,969

29,995,983

30,553,999

30,553,999

Other comprehensive income/(loss) , net of tax
of nil

Foreign currency translation adjustments

(32,036)

(16,996)

(2,387)

(2,622)

(24,911)

(3,499)

Unrealized gains/(losses) on available-for-sale
securities, net

2,799

3,814

536

(4,635)

6,662

936

Other comprehensive loss

(29,237)

(13,182)

(1,851)

(7,257)

(18,249)

(2,563)

Total comprehensive loss

(71,073)

(16,886)

(2,371)

(245,972)

(66,505)

(9,342)

Less: Total comprehensive income attributable
to noncontrolling interests

7,346

5,774

811

11,890

19,549

2,746

Total comprehensive loss attributable to
Cheetah Mobile shareholders

(78,419)

(22,660)

(3,182)

(257,862)

(86,054)

(12,088)

For The Three Months Ended

For The Nine Months Ended

September 30,
2024

September 30,
2025

September 30,
2025

September 30,
2024

September 30,
2025

September 30,
2025

(a) Share-based compensation expenses

RMB

RMB

USD

RMB

RMB

USD

Cost of revenues

92

4

1

541

14

2

Research and development

236

(172)

(24)

644

186

26

Selling and marketing

(277)

183

26

(167)

483

68

General and administrative

4,863

2,714

381

19,939

9,991

1,403

Total

4,914

2,729

384

20,957

10,674

1,499

 

 

 

CHEETAH MOBILE INC.

Reconciliation of GAAP and Non-GAAP Results

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for per share data)

For The Three Months Ended September 30, 2025

For The Nine Months Ended September 30, 2025

GAAP

Share-based

Amortization
of

Non-GAAP

GAAP

Share-based

Amortization
of

Non-GAAP

Result

Compensation

intangible
assets*

Result

Result

Compensation

intangible
assets*

Result

RMB

RMB

RMB

RMB

USD

RMB

RMB

RMB

RMB

USD

Revenues

287,369

287,369

40,367

841,593

841,593

118,217

Cost of revenues

(73,005)

4

(73,001)

(10,254)

(212,936)

14

(212,922)

(29,909)

Gross profit

214,364

4

214,368

30,113

628,657

14

628,671

88,308

Research and development

(67,962)

(172)

6,388

(61,746)

(8,674)

(196,289)

186

18,700

(177,403)

(24,920)

Selling and marketing

(82,806)

183

2,070

(80,553)

(11,315)

(290,078)

483

3,008

(286,587)

(40,257)

General and administrative

(60,170)

2,714

(57,456)

(8,071)

(179,421)

9,991

(169,430)

(23,800)

Other operating income, net

506

506

71

3,465

3,465

487

Total operating income and expenses

(210,432)

2,725

8,458

(199,249)

(27,989)

(662,323)

10,660

21,708

(629,955)

(88,490)

Operating income/(loss)

3,932

2,729

8,458

15,119

2,124

(33,666)

10,674

21,708

(1,284)

(182)

Net (loss)/income attributable to Cheetah Mobile
shareholders

(10,974)

2,729

8,458

213

31

(66,974)

10,674

21,708

(34,592)

(4,860)

Diluted losses per ordinary share (RMB)

(0.0086)

0.0018

0.0054

(0.0014)

(0.0483)

0.0070

0.0141

(0.0272)

Diluted losses per ADS (RMB)

(0.4296)

0.0900

0.2696

(0.0700)

(2.4130)

0.3500

0.7030

(1.3600)

Diluted losses per ADS (USD)

(0.0600)

0.0126

0.0376

(0.0098)

(0.3350)

0.0492

0.0948

(0.1910)

 

 

 

For The Three Months Ended  September 30, 2024

For The Nine Months Ended  September 30, 2024

GAAP

Share-based

Amortization of

Non-GAAP

GAAP

Share-based

Amortization of

Non-GAAP

Result

Compensation

intangible
assets*

Result

Result

Compensation

intangible
assets*

Result

RMB

RMB

RMB

RMB

RMB

RMB

RMB

RMB

Revenues

192,083

192,083

569,788

569,788

Cost of revenues

(61,714)

92

(61,622)

(197,365)

541

(196,824)

Gross profit

130,369

92

130,461

372,423

541

372,964

Research and development

(66,269)

236

6,156

(59,877)

(177,885)

644

18,468

(158,773)

Selling and marketing

(89,038)

(277)

469

(88,846)

(237,570)

(167)

1,407

(236,330)

General and administrative

(47,349)

4,863

(42,486)

(188,104)

19,939

(168,165)

Other operating income, net

278

278

1,014

1,014

Total operating income and expenses

(202,378)

4,822

6,625

(190,931)

(602,545)

20,416

19,875

(562,254)

Operating loss

(72,009)

4,914

6,625

(60,470)

(230,122)

20,957

19,875

(189,290)

Net loss attributable to Cheetah Mobile shareholders

(46,897)

4,914

6,625

(35,358)

(250,773)

20,957

19,875

(209,941)

Diluted losses per ordinary share (RMB)

(0.0323)

0.0033

0.0044

(0.0246)

(0.1711)

0.0140

0.0132

(0.1439)

Diluted losses per ADS (RMB)

(1.6150)

0.1650

0.2200

(1.2300)

(8.5569)

0.7000

0.6619

(7.1950)

* This represents amortization of intangible assets resulting from business acquisitions.

 

 

 

CHEETAH MOBILE INC.

Information about Segment

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for percentage)

For The Three Months Ended September 30, 2025

For The Nine Months Ended September 30, 2025

Internet
Business

AI and
others

Consolidated

Internet
Business

AI and
others

Consolidated

RMB

RMB

RMB

USD

RMB

RMB

RMB

USD

Revenues

142,407

144,962

287,369

40,367

459,385

382,208

841,593

118,217

Operating Costs and expenses

Cost of revenues(i)

25,999

47,002

73,001

10,254

75,306

137,616

212,922

29,909

Selling and marketing(i)

45,371

37,252

82,623

11,606

174,986

114,609

289,595

40,679

Research and development(i)

33,441

34,693

68,134

9,571

99,693

96,410

196,103

27,547

Other segment items(i)

16,252

40,698

56,950

8,000

41,199

124,766

165,965

23,313

Adjusted operating income/(loss)

21,344

(14,683)

6,661

936

68,201

(91,193)

(22,992)

(3,231)

Unallocated amounts-share based
compensations

(2,729)

(384)

(10,674)

(1,499)

Operating income/(loss)

3,932

552

(33,666)

(4,730)

Reconciliation of segment profit/(loss)

Interest income, net

9,560

1,343

25,145

3,532

Foreign exchange gains, net

8,628

1,212

16,627

2,336

Other expense , net

(12,318)

(1,730)

(34,171)

(4,800)

Income/(loss) before income taxes

9,802

1,377

(26,065)

(3,662)

 

 

 

For The Three Months Ended September 30, 2024

For The Nine Months Ended September 30, 2024

Internet
Business

AI and others

Consolidated

Internet
Business

AI and others

Consolidated

RMB

RMB

RMB

RMB

RMB

RMB

Revenues

134,287

57,796

192,083

357,036

212,752

569,788

Operating Costs and expenses

Cost of revenues(i)

19,687

41,935

61,622

58,638

138,186

196,824

Selling and marketing(i)

53,113

36,202

89,315

130,702

107,035

237,737

Research and development(i)

32,594

33,439

66,033

84,825

92,416

177,241

Other segment items(i)

15,088

27,120

42,208

46,245

120,906

167,151

Adjusted operating income/(losses)

13,805

(80,900)

(67,095)

36,626

(245,791)

(209,165)

Unallocated amounts-share based
compensations

(4,914)

(20,957)

Operating loss

(72,009)

(230,122)

Reconciliation of segment profit/(loss)

Interest income, net

9,471

34,560

Foreign exchange gains, net

21,351

10,510

Other income/(expense), net

1,738

(57,469)

Loss before income taxes

(39,449)

(242,521)

(i) Share-based compensations were not allocated to segments. Other segment items include general and administrative expenses and other operating expenses allocated to the respective segments.

 

 

 

CHEETAH MOBILE INC.

Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP)

(Unaudited, amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

For The Three Months Ended

For The Nine Months Ended

September 30,
2024

September 30,
2025

September 30,
2025

September 30,
2024

September 30,
2025

September 30,
2025

RMB

RMB

USD

RMB

RMB

USD

Net loss attributable to Cheetah Mobile
shareholders

(46,897)

(10,974)

(1,541)

(250,773)

(66,974)

(9,408)

Add:

Income tax expenses/(benefits)

2,387

13,506

1,897

(3,806)

22,191

3,117

Interest income, net

(9,471)

(9,560)

(1,343)

(34,560)

(25,145)

(3,532)

Depreciation and other amortization

12,205

12,270

1,724

36,834

32,809

4,609

Net income attributable to noncontrolling
interests

5,061

7,270

1,021

12,058

18,718

2,629

Other (income)/ expense, net

(23,089)

3,690

518

46,959

17,544

2,464

Share-based compensation

4,914

2,729

384

20,957

10,674

1,499

Adjusted EBITDA

(54,890)

18,931

2,660

(172,331)

9,817

1,378