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CoinMarketCap and Reserve Unveil CMC20, the First DeFi-Native Tradable Crypto Index Token on BNB Chain

CMC20 brings institutional-grade, single-trade access to diversified crypto portfolios

NEW YORK, Nov. 17, 2025 /PRNewswire/ — CoinMarketCap, the world’s leading cryptocurrency data platform, today announced CoinMarketCap 20 DTF (CMC20), the first DeFi-enabled tradable crypto index token on BNB Chain. Built on Reserve, a platform for creating Decentralized Token Folios (DTFs), onchain portfolios that bundle multiple crypto assets into a single token, CMC20 tracks the top 20 cryptocurrencies by market capitalization, giving retail and institutional investors a simple, single-trade way to access diversified crypto market exposure.

Deployed by Lista DAO, CMC20 combines the transparency of DeFi with the characteristics of traditional institutional-grade indexes. As the first tradable index token native to BNB Chain, CMC20 brings sophisticated portfolio exposure tools to one of crypto’s largest ecosystems. The token enables permissionless 24/7 minting and redemption, while supporting spot listings across CEXs, DEXs, wallets & platforms, futures tracking, and integration into advanced trading strategies.

“The crypto market has over 27 million tokens, with 50,000 new launches daily. Investors need what traditional markets have had for decades – a clear, investable benchmark,” said Rush Luton, CEO of CoinMarketCap. “CMC20 serves as crypto’s version to the S&P 500, delivering diversified exposure to crypto’s largest, most liquid assets in a single trade, backed by transparent methodology and permissionless infrastructure.

By partnering with Reserve and Lista DAO to launch the first index token on BNB Chain, CMC20 brings institutional-grade products to one of the world’s most active blockchain ecosystems.”

Unlike reference-only indexes, CMC20 is purpose-built for active use across the crypto ecosystem. Monthly rebalancing maintains exposure to the 20 largest cryptocurrencies, excluding stablecoins, wrapped assets, and tokens with limited investability. The methodology captures growth across Layer-1 blockchains, exchange tokens, infrastructure projects, DeFi protocols, and emerging sectors, delivering broader market representation than BTC-ETH-only products.

CMC20’s DeFi-native architecture on BNB Chain enables use cases unavailable to traditional index products. Institutional investors can incorporate the token into delta-neutral strategies, collateralized lending, and automated portfolio rebalancing. Retail traders benefit from simplified exposure management and lower transaction costs than when manually constructing diversified portfolios. Exchange listings enable both spot trading and derivatives products, while the underlying assets remain verifiable onchain.

Reserve’s infrastructure ensures transparent collateralization and redemption mechanics. Users can mint CMC20 by depositing the underlying basket of tokens or redeem CMC20 for its constituent assets at any time, maintaining tight tracking to index value.

“CMC20 showcases what is unlocked by crypto and Defi infrastructure,” said Thomas Mattimore, CEO of ABC Labs and Core Contributor at Reserve. “For the first time, anyone can easily get exposure to market-cap weighted index of the top 20 assets in crypto. This is the blueprint for how next-generation financial products will be built.”. 

CMC20 is launching with full ecosystem support on BNB Chain and is available for trading on PancakeSwap and mintable on the Reserve dapp. CoinMarketCap is actively partnering with DeFi protocols, centralized exchanges, and fintechs to increase CMC20’s utility, enabling lending products and yield-generation mechanisms for CMC20 holders and expanding distribution beyond DeFi.

Institutional inquiries and partnership opportunities can be directed to: institutional@coinmarketcap.com

For complete index methodology, real-time holdings data, and integration documentation, visit: https://coinmarketcap.com/charts/cmc20/

About CoinMarketCap

CoinMarketCap stands as the Home of Crypto. With over 880 million monthly page views and 14 million tracked cryptocurrencies, CoinMarketCap drives the industry forward by organizing and delivering comprehensive crypto intelligence. Major media outlets including Forbes, Bloomberg, CNBC, and The Wall Street Journal, rely on CoinMarketCap as their primary source for crypto data.

About Reserve

Reserve is a free, permissionless platform to create, own, and govern DTFs (Decentralized Token Folios), index products and asset-backed currencies launched on its protocols. Reserve’s mission is to create a more accessible financial system through decentralized index technology, allowing anyone to build and manage token baskets that work like traditional ETFs but with the benefits of blockchain.

About Lista Dao

Lista DAO is the leading BNBFi protocol on BNB Chain, offering overcollateralized decentralized stablecoin (CDP), BNB LST, Lista Lending and innovative solutions that allow users to earn rewards from Binance Launchpool, Megadrop, and HODLer Airdrops. As the first to have DeFi BNB recognized for Binance Launchpool, Lista DAO has achieved a TVL growth of 1,000% year-to-date, reaching $4.5B, making it the biggest protocol on BNB by TVL.

SuperX AI Technology Limited Appoints Enterprise Technology Veteran Dr. Chenhong Huang as Chairman and CEO to Lead Global AI Infrastructure Expansion

Dr. Huang’s Three Decades of Multinational Executive Leadership Experience at SAP, Dell, and Schneider Electric Positions Him to Accelerate SuperX’s Modular AI Factory and Full-Stack Infrastructure Strategy

SINGAPORE, Nov. 17, 2025 /PRNewswire/ — SuperX AI Technology Limited (Nasdaq: SUPX) (“SuperX” or “the Company”), a full-stack AI infrastructure solutions provider, today announced the appointment of Dr. Chenhong Huang as Chairman of the Board, Executive Director, and Chief Executive Officer of the Company, effective December 1, 2025.

As global demand for AI computing continues to rise, enterprises are increasingly seeking integrated and energy-efficient infrastructure solutions. This appointment comes at an important stage in SuperX’s development as the Company continues to advance its global expansion efforts. The Board believes that experienced leadership will support the Company’s ability to execute its strategic priorities. This strategic appointment marks a pivotal step in SuperX’s journey to becoming a global leader in AI infrastructure as Dr. Huang brings with him decades of executive leadership experience to the company. The appointment is expected to significantly enhance the Company’s executive management and corporate governance. It is designed to leverage Dr. Huang’s exceptional leadership and profound industry experience to accelerate the company’s modular AI factory and full-stack infrastructure strategy.

This move follows the recent appointment of Frank Han as Executive Director and Roy Rong as Independent Director on November 11, 2025. Frank Han was a Senior Principal at The Blackstone Group, and he also had prior experience with The Carlyle Group in the U.S. Buyout Group, Goldman Sachs’ Asia Special Situations Group and McKinsey & Company. Roy Rong currently serves as the Finance BP Head for TikTok and Global Functions. He also served as an independent director and audit committee chair for Mogu inc. and Cheche Group Inc., as well as chief financial officer and financial management positions at Yixia Technology Co., Ltd., Quixey Inc., UC Web, and Country Style Cooking Restaurant Chain Co., Ltd., Google, Solectron and Sibel Systems.

Dr. Chenhong Huang: A seasoned Leader to Helm SuperX’s New Chapter in AI Infrastructure

Dr. Chenhong Huang is an experienced enterprise technology leader with an illustrious three-decade career of successfully leading and scaling multinational business operations. His appointment is a forward-looking decision by SuperX to enhance strategic execution and global expansion, and it deeply aligns with SuperX’s mission to build end-to-end AI infrastructure.

  • Exceptional Expertise in Scaling Complex Technology Operations: Dr. Huang has served as Global Executive Vice President and President of Greater China at SAP, as well as Chairman and President of Greater China at Dell, successfully managing and scaling some of the world’s most complex enterprise technology businesses. This experience provides him with a deep understanding of how to build and manage highly sophisticated operational systems at a global scale. SuperX is committed to building a global “AI Factory” blueprint—an unprecedented challenge that is the perfect arena for Dr. Huang’s extensive experience in scaled operations and executive leadership. He will be involved in deploying the Company’s AI infrastructure solutions efficiently and methodically worldwide, with the aim of bringing predictable scale and growth returns to the company.
  • Profound Expertise in Data Center Infrastructure and Power Solutions: During his tenure as President, Greater China, at APC in Schneider Electric, Dr. Huang accumulated critical practical experience and professional knowledge in data center power and cooling infrastructure. This is of paramount importance to SuperX, as the cornerstone of high-performance AI is stable, efficient infrastructure—particularly its proprietary liquid cooling solutions. Dr. Huang’s professional background will aid SuperX in optimizing its core technologies, ensuring the delivery of green, cost-effective compute power to its clients.
  • Solid Foundation in Core Networking and Technology Capabilities: Dr. Huang’s early career at Tellabs and Nortel Networks provided him with a strong technical foundation and management experience in networking. This provides him a solid base for him to lead SuperX, a company rooted in a “hardware + software + service” full-stack model, ensuring the company maintains its edge in technology innovation and integration.

“I am extremely honored to lead SuperX in this golden age of AI,” said Dr. Chenhong Huang. “Market demand is rapidly shifting from single components to integrated, end-to-end, rapidly deployable large-scale solutions—what we define as the ‘AI Factory.’ SuperX possesses a clear strategic vision and a truly disruptive technology stack. My first priority is to focus on operational execution, accelerate the global deployment of our full-stack AI infrastructure, build SuperX into a global leader in the AI infrastructure field, and create long-term sustainable value for our shareholders.”

Biography of Dr. Chenhong Huang

Dr. Chenhong Huang is a seasoned technology executive with more than 30 years of leadership experience across global enterprise software, cloud, and IT infrastructure companies. Since April 2025, he has served as a Board Member of Yonyou, a leading Chinese enterprise software company, where he previously served as President from January to March 2025. Prior to that, Dr. Huang was Global Executive Vice President and President of SAP Greater China from August 2021 to December 2024, where he oversaw significant cloud revenue growth.. From October 2014 to August 2021, he served as Chairman and President of Dell Greater China, where he guided the expansion of Dell’s business in the region and led the integration of EMC following its acquisition. Earlier in his career, Dr. Huang held senior leadership positions with APC by Schneider Electric, Tellabs Corporation, and Nortel Corporation, including President of APC Greater China, Chairman of Zhuhai Uniflair, President of Tellabs China, and President of Carrier Sales for Nortel China. Dr. Huang holds a Ph.D. in Electrical Engineering from Texas A&M University, an M.S. in Electrical Engineering from Fudan University, and a B.S. in Physics from Fudan University. Dr. Huang is a U.S. citizen.

About SuperX AI Technology Limited (NASDAQ: SUPX)

SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg

Safe Harbor Statement

This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

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H World Group Reports Solid Q3 2025 Results with Enhanced Profitability and Continued Network Expansion

SHANGHAI, Nov. 17, 2025 /PRNewswire/ — H World Group Limited (NASDAQ: HTHT; HKEX: 01179), one of the world’s leading hospitality groups, delivered strong third-quarter results for 2025, with continued momentum across its asset-light expansion, loyalty ecosystem, and digital capabilities.

 

A Hanting Hotel room, H World’s flagship economy brand
A Hanting Hotel room, H World’s flagship economy brand

 

Asset-light Strategy Continues to Drive High-quality Growth

Hotel GMV reached RMB 30.6 billion, up 17.5% year-on-year, while total revenue grew 8.1% year-on-year to RMB 7.0 billion. Revenue from manachised and franchised hotels rose 27.2% to RMB 3.3 billion, underscoring the strength of the Company’s asset-light model and sustained franchise demand.

Adjusted EBITDA increased to RMB 2.5 billion, compared with RMB 2.1 billion in the same period last year. The improvement reflects stronger operating efficiency, healthier margins, and the Group’s continued ability to convert top-line growth into solid operating performance.

Jin Hui, CEO of H World Group, said: “In the third quarter, our asset-light strategy and strong network expansion helped drive revenue above the high end of our guidance and support healthy operating profit growth. With more than 2,000 hotels opened year-to-date, we remain firmly on track to reach our target of 2,300 gross openings in 2025.”

Expanding Loyalty, Scale, and Brand Strength

H Rewards, the Group’s loyalty program, surpassed 300 million members, making it one of the largest hotel loyalty ecosystems in the world.

Members booked 66 million room nights in the third quarter, up 19.7% year-on-year, underscoring rising engagement and growing trust in the Group’s brands and digital platforms.

H World continues to advance its multi-brand strategy, with leading performance across the economy, midscale, and upper-midscale segments. Flagship brands such as Hanting, JI Hotel, Orange Hotel, Crystal Orange, and IntercityHotel remain key drivers of domestic and international network growth.

As of September 30, 2025, H World operated 12,702 hotels with 1,246,240 rooms globally. The Group opened 749 hotels in Q3 and expanded its presence across 89 additional Chinese cities year-on-year.

H World remains optimistic about long-term growth prospects in China and abroad, supported by strong franchise demand, a deeply scalable digital infrastructure, and a resilient membership ecosystem.

For the full release please visit: https://ir.hworld.com/

About H World Group Limited

Headquartered in China, H World Group Limited (NASDAQ: HTHT; HK: 01179) is a leading global hospitality company with a diversified portfolio including Steigenberger Icons, Steigenberger Hotels & Resorts, MAXX, HanTing, JI Hotel, Crystal Orange Hotel, among others. The Group emphasizes asset-light operations, digital innovation, and strategic brand development to drive sustainable international growth.

For more information, please visit H World’s website: https://ir.hworld.com/

H World undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

For media inquiry, please contact:
Lihuan Wang media@hworld.com
Zheming Xing zheming@taskforce-china.cn

 

 

VinFuture Foundation announces 2025 Sci-Tech Week


HANOI, VIETNAM – Media OutReach Newswire – 17 November 2025 – The VinFuture Foundation officially announces the 2025 VinFuture Sci-Tech Week agenda, taking place from December 2 to December 6, 2025, in Hanoi. Under the theme “Rising and Thriving,” this year’s annual international event continues to reaffirm VinFuture’s mission to connect global knowledge, catalyze meaningful contributions to humanity, and elevate Vietnam’s position as an emerging hub for science and innovation.

Under the theme "Rising and Thriving," the 2025 VinFuture Prize Award Ceremony will take place on the evening of December 5, 2025, at the Ho Guom Opera House in Hanoi. Photo courtesy of: VFP.
Under the theme “Rising and Thriving,” the 2025 VinFuture Prize Award Ceremony will take place on the evening of December 5, 2025, at the Ho Guom Opera House in Hanoi. Photo courtesy of: VFP.

The 2025 Sci-Tech Week will feature seven key activities: “Inspirational Talks: The Next Breakthrough,” “Science for Life Symposia,” “VinFuture Discovery Talk Series,” “The Foliage V – The Touch of Science,” “2025 VinFuture Prize Award Ceremony,” “A Dialogue with the 2025 VinFuture Prize Laureates,” and “Presidents Forum on Disruptive Innovations in Higher Education.”

At the heart of the event is the 2025 VinFuture Prize Award Ceremony, held on the evening of December 5, 2025, at the Ho Guom Opera House (Hanoi). The ceremony honors outstanding scientific achievements that have created positive and enduring impacts for millions—even billions—of people worldwide. This year, the Prize will honor scientific achievements that embody and advance the values of “Rising and Thriving” for humanity, in complete alignment with the theme and powerfully reaffirming VinFuture’s mission to celebrate human intellect, champion humanistic values, and elevate the pursuit of a better life for all.

Alongside the Award Ceremony are six accompanying activities, beginning with the “Inspirational Talks: The Next Breakthrough” on the morning of December 2, 2025. This session convenes leading scientists and experts to share their perspectives on the technological trends poised to shape the world in the decades to come, enriched by compelling presentations and dynamic, visually immersive demonstrations.

Following this is the “Science for Life” Symposia, taking place from December 2 to 4, 2025, and offering five deep-dive panel discussions on the pressing issues of our time: “Global Frontiers – AI Ethics and Safety for Humanity,” “Advances in Disease Detection, Diagnosis & Treatment,” “Innovation in Agriculture & Food,” “Intelligent Robotics & Automation,” and “Science and Innovation for a Sustainable Future,” all bringing together distinguished experts from across the globe. Notably, leading figures of the AI and Internet era — Prof. Geoffrey Hinton and Prof. Yoshua Bengio (VinFuture Grand Prize Laureates 2024), as well as Dr. Vinton Cerf (VinFuture Grand Prize Laureate 2022) — will deliver profound messages through pre-recorded videos on the role of science in advancing humanity.

The next highlight is the “VinFuture Discovery Talk Series,” expanded to include 10 universities and research institutes nationwide, offering tens of thousands of students, faculty members, and researchers the opportunity to engage directly with and be inspired by the world’s leading scientists.

Following the Award Ceremony is “A Dialogue with the 2025 VinFuture Prize Laureates,” an all-day event on December 6 at VinUniversity. In the morning, the laureates will share their expertise, experiences, and research journeys with the scientific community and the wider public in Vietnam, followed by specialized afternoon sessions tailored for young scientists and enterprises committed to translating research into practical applications.

Also on December 6, VinUniversity will host the “Presidents Forum on Disruptive Innovations in Higher Education” bringing together leading figures in education from Vietnam and around the world to discuss the future of teaching and learning, as well as the pioneering role of Vietnamese universities in this new era of innovation.

Alongside the scientific programs, a notable highlight is the exhibition “The Foliage V – The Touch of Science,” marking the first collaboration between two non-profit institutions: the VinFuture Foundation and the Vincom Center for Contemporary Art (VCCA). The exhibition celebrates groundbreaking discoveries, advanced materials, and scientific achievements that have accompanied humanity’s sustainable development, presented through large-scale artworks created by some of Vietnam’s most prominent contemporary artists. Taking place from December 2, 2025, to February 28, 2026, the exhibition offers a journey that connects the public with science through artistic expression and rich multisensory experiences.

From an initiative born in Vietnam, the VinFuture Prize has, by 2025, completed five award seasons, presenting 20 prizes to 20 groundbreaking scientific achievements by 48 researchers from five continents. These award-winning works have each made profound contributions to human progress. Notably, several VinFuture Laureates have subsequently been recognized with prestigious international distinctions such as the Nobel Prize, the Queen Elizabeth Prize for Engineering, and the Breakthrough Prize—affirming the Prize’s pioneering role and forward-thinking vision.

The VinFuture Prize, together with the VinFuture Sci-Tech Week, not only forges a vital channel connecting Vietnam’s scientific and technological breakthroughs with the global community, but has also evolved into a distinguished emblem of openness and international scientific cooperation—positioning Vietnam not only as a dynamic crossroads of knowledge, but as an illuminating beacon that inspires humanity’s shared pursuit of progress.

Notable scientists participating in the “Science for Life” Symposia (December 2–4, 2025):

  • Prof. Toby Walsh, Scientia Professor of Artificial Intelligence and Chief Scientist at the AI Institute, University of New South Wales (Australia);
  • Assoc. Prof. César de la Fuente, expert in Machine Biology at the University of Pennsylvania (US);
  • Prof. Ho-Young Kim, world-leading specialist in fluid mechanics and soft materials at Seoul National University (South Korea);
  • Prof. Kurt Kremer, Director Emeritus of the Max Planck Institute for Polymer Research (Germany) and Member of the German National Academy of Sciences Leopoldina;
  • Prof. Aldo Steinfeld of ETH Zurich (Switzerland), recipient of the 2024 SolarPACES Lifetime Achievement Award from the International Energy Agency;
  • Prof. Chuanbin Mao of The Chinese University of Hong Kong, Shenzhen (China), ranked among the world’s top 2% most-cited scientists in biomedical engineering;
  • Prof. Raphaël Mercier, Director of the Department of Chromosome Biology at the Max Planck Institute for Plant Breeding Research (Germany)…

Hashtag: #VinFuture

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

Revealed: the 100 fast-growing European tech scaleups that can deliver long-term growth and diversification for Asia’s investors

‘Thoroughbreds’ are the companies that Asian investors should be paying attention to

  • Thoroughbreds are fast-growth tech companies generating $100+ million in revenues
  • Investment from key Asian markets into Europe, Middle East and Africa (EMEA) climbs in 2025
  • According to Dealroom’s Investor Power Law Ranking, London’s Phoenix Court is recognised as #1 investor in EMEA at backing Thoroughbreds, Colts (generating $25m+), and Unicorns at Seed in EMEA, with Index Ventures at #2 and Point Nine at #3

LONDON, Nov. 17, 2025 /PRNewswire/ — Phoenix Court, EMEA’s leading venture capital investor at seed stage, is championing a new class of European tech companies, following the unveiling of the Thoroughbreds 100 by data provider Dealroom. Thoroughbreds are the fast-growing tech companies generating over $100 million in annual revenue, which Phoenix Court argues can offer fund managers in Japan, South Korea, Singapore and Hong Kong long-term growth and returns.

Phoenix Court, a proven investor in European companies including Monzo, Wise, Improbable and Tide, is keen to flag the opportunity that European tech now provides for Asian funds. The call for Asian investors to understand the opportunity provided by Europe comes as Dealroom data shows that capital flows from key Asian markets are likely to be at least on par with the $3bn invested in 2024, and $2.9bn in 2023, as investors look to Europe as the world’s second Silicon Valley.

This makes European tech and software companies attractive to global investors looking to diversify away from US technology companies, where valuations have reached all-time highs in recent weeks.

According to Dealroom’s data, Hong Kong is now the largest Asian backer of EMEA companies – with its share of VC funding rising from 9% of the total Asian investment in 2024 to 31% in 2025, so far. This puts it ahead of Japan, which provides 28% of Asian investment into EMEA and China, whose investment has fallen from 25% last year to 19% in 2025.

However, Japan, China and the rest of Asia only provide 4% of the total investment into EMEA – demonstrating the scale of the opportunity for Asian investors. In contrast, US investors provide 35% of VC capital, with 58% coming from EMEA itself.

Dealroom has published the Thoroughbreds 100: a definitive list of the tech companies in EMEA with over $100 million in annual revenue. There are now over 700 “thoroughbreds’ in the region, according to Dealroom’s report — and the top 100 made a collective $168bn in revenue last year.  This makes them ideal companies for global investors looking to diversify away from US technology companies, where valuations have reached all-time highs in recent weeks.

Thoroughbreds are a measure of success that reflects a wider shift across fast-growth tech companies towards sustainable growth and financial discipline. The phrase itself was coined by Klein, a founder turned investor who started Phoenix Court in 2015 after selling successful tech businesses to Amazon and Apple. Many of the companies in Dealroom’s Thoroughbreds 100 have received investment from Asian investors, including Revolut, GetYourGuide, Zopa, Omio, Travelperk and Alan. Japan’s Softbank and Temasek of Singapore have backed 11 Thoroughbreds, as well as many other notable European tech startups.

Saul Klein, co-founder and executive chairman of Phoenix Court, said: “The real test of a company is no longer valuation, but fundamentals. As the definition of success has changed, we at Phoenix Court understand Europe’s immense potential to be a second Silicon Valley – or New Palo Alto as we like to say. The challenge isn’t building startups, it’s scaling them. That’s why we partner with global investors who value long-term growth and strong fundamentals. We work closely with LPs from key Asian markets, and together we’ve backed 54 of EMEA’s best companies, helping to scale those already generating hundreds of millions in revenue. We look forward to partnering with ambitious investors who share our vision for long-term success.”

Scale-up capital gap

Despite its robust growth, Europe faces an estimated $30 billion scale-up funding gap according to Dealroom, compared to the Bay Area. Policy measures in France, Germany and the UK have been taken to address local capital supply at later growth stages but with nearly 2,000 venture-backed companies in Europe, Middle East and Africa now generating revenues of $25 million or more there is still a large unaddressed investment opportunity for global asset allocators and institutional investors.

For more details, kindly contact Sayula Kirby at sayula@burlington.cc

About Phoenix Court:  Phoenix Court is the number one EMEA investor with a decade-long track record of backing ambitious founders in the innovation sector from Seed through to the public markets and beyond, through its four funds: LocalGlobe, Latitude, Solar, and Basecamp. Phoenix Court is recognised as a top investor in EMEA for consistently backing high-revenue tech companies from Seed stage through growth. With its mission to be a good long-term neighbour and help people realise their full potential, Phoenix Court allocates 10% of profits of the management company and 2% of carry in all funds to its foundation, Phoenix Court Works.

About Dealroom: Dealroom.co is mapping the world’s tech ecosystems as the foremost data provider on startups, growth companies, and tech ecosystems globally. Founded in Amsterdam in 2013, Dealroom.co now works with many of the world’s most prominent investors, entrepreneurs, and government organisations to provide transparency, analysis, and insights on startups and venture capital activity. www.dealroom.co

Harbour City and Hong Kong Disneyland Resort Unveil a “Magical Christmas” Celebration by Hong Kong Victoria Harbour

HONG KONG, Nov. 17, 2025 /PRNewswire/ — Two of Hong Kong’s most popular destinations have come together to create an extraordinary festive experience. Harbour City, the city’s most iconic shopping mall, and Hong Kong Disneyland Resort (HKDL) present “Magical Christmas @ Harbour City”, extending HKDL’s festive vibes to the Victoria Harbour waterfront and inside the mall this Christmas. Renowned for its stunning holiday decorations, Harbour City unveils Hong Kong’s largest off-park Disney-themed Christmas installation, inviting local and global Disney fans to immerse themselves in a world of joy and wonder.

Mickey Mouse and Minnie Mouse join the Lighting Ceremony of ‘Magical Christmas @ Harbour City,’ drawing hundreds to the towering 9-metre Magical Christmas Tree to celebrate the festive spirit.
Mickey Mouse and Minnie Mouse join the Lighting Ceremony of ‘Magical Christmas @ Harbour City,’ drawing hundreds to the towering 9-metre Magical Christmas Tree to celebrate the festive spirit.

From 12 November 2025 to 4 January 2026, five enchanting photo hotspots featuring Mickey and Friends, Duffy and Friends, and the beloved “World of Frozen” are set against the stunning Victoria Harbour waterfront and within the mall, offering Disney fans an unforgettable holiday experience.

The centrepiece is the nine-metre-tall “Magical Christmas Tree” at the Ocean Terminal Forecourt. Decked in classic green boughs and accented with golden Mickey-shaped ornaments and vibrant lights, this towering tree creates a perfect photo spot against the backdrop of Victoria Harbour. Adding to the festive cheer, beloved Disney Friends like Santa Mickey and Santa Goofy share heartfelt holiday wishes through interactive videos.

Another highlight is the “Friendtastic!” parade-themed installation, a dazzling ten-metre-long display inspired by the Mickey and Friends float featured in Hong Kong Disneyland’s largest-ever parade. Figurines of Mickey & Friends are dressed in parade-exclusive outfits, delivering a joyful performance with musical instruments. The colourful stage design is adorned with decorations featuring Hong Kong’s signature bauhinia flower, infusing local cultural elements into the Disney magic.

Feel the festive energy at the ‘Friendtastic!’parade-themed installation in Harbour City, inspired by Hong Kong Disneyland’s largest-ever parade. Figurines of Mickey and Friends are in vibrant parade costumes
Feel the festive energy at the ‘Friendtastic!’parade-themed installation in Harbour City, inspired by Hong Kong Disneyland’s largest-ever parade. Figurines of Mickey and Friends are in vibrant parade costumes

The festive journey continues with a “World of Frozen”-themed installation, inspired by the world’s first and largest Frozen-themed land at HKDL. The installation shows Anna and Elsa preparing for a festive celebration, while Olaf is busy decorating with little gifts, bringing everyone the holiday vibe from Arendelle. The cozy “Duffy and Friends Christmas House”-themed zone adorned with plushies in winter attire offers guests a chance to take photos and create cherished memories.

Step into the enchanting "World of Frozen"-themed installation, inspired by the world’s first and largest Frozen-themed land at Hong Kong Disneyland
Step into the enchanting “World of Frozen”-themed installation, inspired by the world’s first and largest Frozen-themed land at Hong Kong Disneyland

 

The “Duffy and Friends Christmas House”-themed zone offers a warm holiday setting with plush characters in winter outfits.
The “Duffy and Friends Christmas House”-themed zone offers a warm holiday setting with plush characters in winter outfits.

With these spectacular decorations, “Magical Christmas @ Harbour City” promises to be the ultimate destination for holiday celebrations in Hong Kong.

#HarbourCity #HCXmas #HKDisneyland #ADisneyChristmas

Customer Enquiry: (852) 2118 8666   |   Website: www.harbourcity.com.hk

SMU and Global Partners Launch World’s First Platform to Align Green Finance Standards

The new Sustainable Finance Taxonomy Mapper aims to advance green investment research

SINGAPORE, Nov. 17, 2025 /PRNewswire/ — Singapore Management University (SMU), in partnership with a global consortium of universities and finance leaders, has launched the Sustainable Finance Taxonomy Mapper, a first-of-its-kind global platform that compares and connects sustainable finance taxonomies across countries.

Developed in partnership with Dublin City University, the University of Edinburgh, University College Dublin, the Climate Bonds Initiative, the EU Sustainable Finance Advisory Hub, GIZ, the Principles for Responsible Investment (PRI) and United Nations Environment Programme Finance Initiative (UNEP-FI), the Sustainable Finance Taxonomy Mapper is a pioneering initiative to advance research, support policymakers, and improve international interoperability in sustainable finance policy standards. The project enables a shared understanding of taxonomy design across jurisdictions, from the perspective of both general design features as well as deep economic activity mapping.

Global research team driving academic collaboration

The research team behind the initiative is co-led by Dr Theodor Cojoianu (Singapore Management University), Prof Andreas Hoepner and Dr Fabiola Schneider (University College Dublin), and Dr Anh Vu (Dublin City University). The team, supported by Edinburgh Innovations, the University of Edinburgh’s commercialisation service, is inviting universities and research institutions worldwide to contribute to expanding the Taxonomy Mapper and to join a growing global academic network advancing sustainable finance policy.

Commenting on the impact of the initiative, Dr Theodor Cojoianu, Associate Professor in Sustainable Finance, SMU said: “Our sustainable finance mapper tool and academic network will support policymakers, financial services actors and civil society by providing a data, research tools and education public goods for effective design of sustainable finance policies.”

Nathan Fabian, PRI’s chief sustainable systems officer, said: “The PRI has been engaging with investors on the implementation and use of sustainable finance taxonomies since their early inception. Enhancing the usability and interoperability of sustainable finance taxonomies is crucial to ensure well-functioning financial markets that collectively contribute to climate and broader environmental goals.”

Sean Kidney, CEO of the Climate Bonds Initiative commented, “The world has seen a wonderful explosion of sustainable finance taxonomies – shopping lists for the future. The next step is a tool to navigate seamlessly across them, quickly finding the extensive common ground. That’s what the Taxonomy Mapper is for.”

SMU faculty driving global impact

Assoc Prof Cojoianu of SMU’s College of Integrative Studies (CIS), in leading this initiative, underscores the College’s role in advancing SMU’s 2030 Strategic Plan and the University’s commitment to transformative education, impactful research and strategic partnerships.

SMU’s engagement with global challenges like climate change and sustainable finance is further exemplified by the active participation of CIS faculty such as Winston Chow, Lee Kong Chian Professor of Urban Climate and Co-Chair of Working Group II, IPCC AR7, in COP30 discussions, highlighting the university’s role in shaping international standards for sustainable finance and climate action.

Prof Elvin Lim, Dean, College of Integrative Studies, SMU said: “I am delighted that the College of Integrative Studies is fostering impactful international research partnerships on green finance policies. The mapping of green finance taxonomies to facilitate cross-jurisdictional operability is critical work that must be done to foster robust global cooperation on green finance. We are very excited to be a part of this consortium of esteemed institutions to do this impactful work.”

Bridging the global green finance divide

A surge in sustainable finance policies worldwide has led to the creation of numerous green taxonomies — each shaped by local economic and environmental priorities. While this diversity reflects regional needs, it also highlights the urgent need for independent academic research to improve global interoperability, helping policymakers enhance clarity and enable the smoother flow of green capital across borders.

The initiative is co-funded by the European Union under the EU Sustainable Finance Advisory Hub and the German Federal Ministry for Economic Cooperation and Development (BMZ). The contents are the sole responsibility of the authors and do not necessarily reflect the views of the European Union or BMZ.

To access the mapper, please visit sustainabletaxonomymapper.org

UBTECH Humanoid Robot Walker S2 Begins Mass Production and Delivery, with Orders Exceeding 800 Million Yuan

SHENZHEN, China, Nov. 17, 2025 /PRNewswire/ — UBTECH has begun mass production and delivery of the first batch of several hundred full-size industrial humanoid robots, Walker S2, which will be deployed in phases across frontline industrial applications. This milestone moves the company toward its target of delivering 500 units within the year and marks the beginning of large-scale, real-world implementation of humanoid robotics.


UBTECH Walker S2 – World’s First Mass Delivery of Humanoid Robots

 

UBTECH humanoid robot Walker S2 begins mass production and delivery
UBTECH humanoid robot Walker S2 begins mass production and delivery

By establishing a closed-loop commercial cycle—from technology and real-world application to delivery and iterative improvement—UBTECH has developed core capabilities to rapidly address market demands and efficiently secure and fulfill orders, setting a replicable benchmark for the deployment of humanoid robots. The start of mass delivery highlights UBTECH’s expanding ability to strengthen and re-configure industrial ecosystems, accelerating the industry’s shift toward global, high-quality, scaled deployment.

Amid rising market demand, UBTECH has outlined a clear production ramp-up plan, targeting an annual capacity of 5,000 industrial humanoid robots by 2026, scaling to 10,000 units by 2027. UBTECH is already supplying its Walker S2 robots for key industrial uses in automotive manufacturing, smart factories, intelligent logistics, and data collection centers.

UBTECH has also taken the lead in shifting its delivery approach from providing products to delivering full operational capabilities, introducing a first-of-its-kind, standardized and replicable turnkey solution. With UBTECH’s proprietary BrainNet technology platform, these solutions enable rapid scenario deployment, enhance usability for industrial customers, and support innovative applications across manufacturing environments. Walker S2 is the world’s first industrial humanoid robot integrated with Co-Agent—UBTECH’s proprietary intelligent agent system. This system empowers the robot with closed-loop operational capabilities, including intention understanding, task planning, tool usage, and autonomous anomaly detection and handling. Complemented by a comprehensive user-training system, this shift from product delivery to scenario-based enablement offers a practical pathway to large-scale adoption of humanoid robots.

UBTECH humanoid robot Walker S2 begins mass production and delivery
UBTECH humanoid robot Walker S2 begins mass production and delivery

Since early 2025, UBTECH’s Walker series humanoid robots have accumulated orders exceeding 800 million yuan (approx. US$112 million), reinforcing the company’s leadership in global humanoid robot commercialization. Among these, a recent contract to deploy Walker S2 robots at a data collection center in Zigong, valued at 159 million yuan, ranks as the second-largest order of the year, following a record 250 million yuan order secured in September. These accomplishments reflect growing market demand and strong industry recognition of UBTECH’s product capabilities.

UBTECH collaborates with leading industry players including BYD, Dongfeng Liuzhou Motor, Geely Auto, FAW-Volkswagen Qingdao, Audi FAW, BAIC New Energy, Foxconn, and SF Express. Furthermore, with the Walker S series now entered on a wide range of automotive production lines to complete different tasks, UBTECH continues to accumulate extensive real-world data and frontline operational experience. This continuous scenario-based practice is essential for optimizing product performance and enables the development of production-line-ready, task-driven swarm intelligence.

James Zhou, Founder, Chairman of the Board, and CEO of UBTECH, has witnessed the start of mass production and delivery of the company's industrial humanoid robot Walker S2
James Zhou, Founder, Chairman of the Board, and CEO of UBTECH, has witnessed the start of mass production and delivery of the company’s industrial humanoid robot Walker S2

Humanoid robots, recognized as the ultimate form of embodied intelligence, now stand at a historic inflection point—evolving from technological prototypes toward industrial-scale deployment. To achieve real-world commercialization in the age of embodied intelligence, the industry must overcome three fundamental challenges: technological maturity, real-world application, and scalable delivery. As the world’s first company to complete the loop between technological validation and commercial deployment in industrial environments, UBTECH is executing a proven strategy: advancing core technologies to support field deployment, using real-world insights to refine delivery models, and expanding scaled delivery to drive continuous technological evolution. UBTECH is committed to collaborating with industry partners to build an open, collaborative ecosystem and advance toward the large-scale adoption of humanoid robotics.