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HKSTP x Tatler Fire Up the Hong Kong Founder’s Spirit with Steven Bartlett, host of ‘The Diary of a CEO’ Podcast

Hong Kong startups and business leaders join renowned entrepreneur on his first Asia tour to explore the mindset behind successful founders


HONG KONG SAR – Media OutReach Newswire – 30 September 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) and Tatler called on the innovation community to “Keep Up with Steven Bartlett”, at an exclusive breakfast dialogue with the world-renowned entrepreneur and host of the popular podcast ‘The Diary of a CEO’. The dialogue is the latest special event from HKSTP’s I&T Powerhouse initiative, bringing together global innovation icons and thought leaders like Steven Bartlett to inspire and propel success.

Steven Bartlett, the host of 'The Diary of a CEO' Podcast spoke at an exclusive breakfast dialogue with HKSTP and Tatler yesterda, as part of his Asia tour to Hong Kong.
Steven Bartlett, the host of ‘The Diary of a CEO’ Podcast spoke at an exclusive breakfast dialogue with HKSTP and Tatler yesterday, as part of his Asia tour to Hong Kong.

Bartlett’s first business visit to Hong Kong comes just as the city’s global innovation status has reached new heights. This year, the Global Innovation Index (GII) 2025 ranked “Shenzhen-Hong Kong-Guangzhou” as the world’s number one innovation cluster, ahead of Tokyo and San Francisco. Proof of this progress can be seen at HKSTP, where over 50 founders from park companies have been named to Tatler’s Gen.T Leaders of Tomorrow—a next-generation list celebrating young visionaries who are redefining the future.

The “Keep Up with Steven Bartlett” event saw the famed podcast host detail the ups and downs of entrepreneurship in depth. Bartlett charted his journey from tech visionary to media trailblazer, stressing the importance of being truly committed and focused. He shared: “There isn’t just one thing that drives me. It may sound crazy, but I think the game for me is really all about striving. It’s seeing a gap between where you are today and where you want to go. For me if I don’t strive for something then I don’t have stability, I’m extremely obsessed with my work. Ultimately, my lesson for everyone is to be yourself – if you want to work an hour day or all day, every day – then just be that!

Hilda Chan, CMO of HKSTP, said: “Steven Bartlett is the ultimate example of this limitless potential we all have if we tap into our entrepreneurial spirit and desire to innovate. At HKSTP, the same entrepreneurial spirit drives our whole innovation network with 25,000 creative minds striving to keep up with innovation in an endless pursuit of what’s next. We call on all bold entrepreneurs across Hong Kong and beyond to join our I&T powerhouse of tech visionaries, innovators, and creators to propel Hong Kong’s I&T to new heights while driving change and positive impact for people, business and planet.”

Two Hong Kong founders also sat down with Bartlett to share the spark that drives their pursuit of innovation and success. Daniel Lo, Founder and CEO of GoGoChart, said: “Personal motivation is what drives me – specifically the passion to keep going. As a competitive long-distance runner, I cannot stop, I cannot give up, I hate giving up. That gives me the ability to fail and start over again and again – in fact I am now on my fourth startup, despite having the door slammed in our faces 1,000 times over!”

While Kenny Oktavius, Co-founder and CEO of PointFit Technology, said: “Coming from Indonesia, I was simply driven to build an impactful product. But after losing my grandmother to post-surgery complication due to late diagnosis, it hit me deeply as it was really preventable. Realising that no one was addressing this gap, I became determined to build PointFit. To bring real-time biomarkers monitoring into everyday wearables and help alert people to critical health changes before it’s too late.”

The special event played host to a mix of young tech entrepreneurs and Asia’s business elite, as Bartlett shared his views on business and life on his first-ever tour of Asia. One of the world’s most popular podcasts, the ‘The Diary of a CEO’ features over 12 million subscribers, while Bartlett’s recent book ‘The Diary of A CEO: The 33 Laws for Business & Life’ was a Sunday Times Number 1 bestseller and has been translated into 35 languages, becoming the fastest selling book of all time in its market.

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

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,500 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at .

/C O R R E C T I O N — Mars, Incorporated/

In the news release, Shailene Woodley joins forces with Mars and Calm to celebrate how pet adoption can change two lives, issued 30-Sep-2025 by Mars, Incorporated over PR Newswire, the first subheader, should read “Working with actor and rescue cat mom – Shailene Woodley – Mars and Calm are shining a light on the positive impact of pets on mental wellbeing, and how adopting a pet can change two lives – the pet’s and pet owner’s.” rather than “Working with actor and rescue cat mom – Shailene Woodley – Mars and Calm are shining a light on the positive impact of shelter pets on mental wellbeing, and how adopting a pet can change two lives – the pet’s and pet owner’s.” as incorrectly transmitted by PR Newswire. The complete, corrected release follows:

Shailene Woodley joins forces with Mars and Calm to celebrate how pet adoption can change two lives

  • Working with actor and rescue cat mom – Shailene Woodley – Mars and Calm are shining a light on the positive impact of pets on mental wellbeing, and how adopting a pet can change two lives – the pet’s and pet owner’s.
  • A recent global survey commissioned by Mars and Calm found a huge 83% of pet owners say their pet has improved their mental wellbeing.1
  • With an estimated 12 million dogs and 4 million cats living in shelters across the globe waiting to meet their forever family, Mars, Calm and Shailene are coming together to promote pet adoption and the power of the human animal bond ahead of the Mars Global Adoption Weekend (October 3–5, 2025).

BRUSSELS, Sept. 30, 2025 /PRNewswire/ — Mars, a leading pet care company behind brands pets and pet owners love including ROYAL CANIN®, WHISKAS®, CESAR®, BANFIELD™, BLUEPEARL™, VCA™ and ANTECH®, is teaming up with award-winning actor Shailene Woodley (“Motor City”, “Paradise”, “Big Little Lies”) and leading mental health company Calm to shine a light on the power of pets for mental wellbeing and to encourage adoption as a path to pet ownership.  

Shailene Woodley partners with Mars and Calm to celebrate the positive impact of pets on mental wellbeing and how pet adoption can change two lives.
Shailene Woodley partners with Mars and Calm to celebrate the positive impact of pets on mental wellbeing and how pet adoption can change two lives.

Globally, there are around 16 million dogs and cats in shelters waiting to find a home.2 In an effort to help pets in shelters find loving homes, Mars is hosting its second annual Global Adoption Weekend. For those who open their homes to pets, the rewards are huge. The bond with a pet has a measurable, positive impact on mental wellbeing. A recent global survey commissioned by Mars and Calm found a huge 83% of pet owners say their pet has improved their mental wellbeing, and 73% say their pet encourages them to stop overthinking or worrying.1

Shailene Woodley said: “My rescue cats transformed my world. They bring me peace when I’m overwhelmed with a busy filming schedule, and every day, they remind me to breathe, slow down and live in the moment. I want more people to see that adoption isn’t just an act of compassion for an animal; it can also be an act of care for yourself. In rescuing Bear and Pharrah, they have changed my life as much as I have changed theirs.”

Spending time with pets has also been found to increase levels of oxytocin, dopamine, and serotonin, collectively known as the ‘happy hormones’ because they promote a sense of wellbeing and contentment.3 Plus, the benefits go both ways as studies have found that in three months of adoption, dogs show signs of increased confidence and cats show signs of bonding and calmness.4

“Our increased understanding of the human animal bond and how it can impact mental wellbeing highlights the unique relationship between people and their pets,” Dr. Alea Harrison, DVM; Chief Medical Officer at Banfield, commented. “The first days with a new pet are key to learning about each other. Strong bonds are built slowly, through patience, consistency, and care – and when they take root, they can bring joy, companionship and fulfilment.”   

During the Global Adoption Weekend Mars will be supporting prospective pet owners through partnerships with shelters, helping change two lives by bringing more pets and people together across more than 20 countries, incl. U.S., U.K., Australia, Austria, Belgium, Brazil, Canada, Czech Republic, France, Germany, Greece, Hungary, Ireland, Italy, India, Japan, Mexico, Spain, Switzerland, The Philippines, Poland, Romania, Thailand, and Ukraine.  

Tiffany Lacey, Executive Director of Animal Haven, one of the shelters that are part of the Global Adoption Weekend in the U.S., said: “With millions of pets waiting for their forever home, adoption is a tangible way to make a lasting difference – and Mars Global Adoption Weekend is the perfect time to visit your local shelter. Every adoption is proof that compassion changes lives, giving pets a loving home and enriching the wellbeing of the people who welcome them.”

Mars will be promoting adoption through a range of initiatives from financial contributions to shelters, local events and associate volunteering. This includes:

  • In the U.S., Mars will cover more than $185,000 in cat and dog adoption fees at partner shelters in 21 cities during October 3-5. On top of that, the PEDIGREE Foundation will cover an additional $25,000 in dog adoption fees.
  • In Poland, Mars will support new pet owners by providing them with a 6-month supply of pet food for cats and dogs adopted from partner shelters.
  • In The Philippines, Mars will donate 33,000 meals for pets in partner shelters, making a positive impact for pets in need across the community.
  • During the month of October, Mars and Calm are also supporting adoptive pet owners as they settle into pet ownership by providing them with 3 months of free Calm membership.

As part of the campaign, Shailene has recorded a Sleep Story, exclusively available on Calm, inspired by her own experience welcoming pets into her life and other amazing stories of four-legged friends changing the lives of those around them. The Sleep Story, Finding Four-Legged Friends, is part of the first-ever pet-inspired content collection on Calm created in collaboration with Mars, and it also features free-to-access content (incl. meditations, breathing exercise, soundscapes and more), to help pet owners find calm and rest.

Visit kinship.com/petsandwellbeing and follow @marsglobal for more information.

About Mars, Incorporated

Mars, Incorporated is driven by the belief that the world we want tomorrow starts with how we do business today. As an approximately $55bn family-owned business, our diverse and expanding portfolio of leading pet care products and veterinary services support pets all around the world and our quality snacking and food products delight millions of people every day. We produce some of the world’s best-loved brands including ROYAL CANIN®, PEDIGREE®, WHISKAS®, CESAR®, DOVE®, EXTRA®, M&M’S®, SNICKERS® and BEN’S ORIGINAL™. Our international networks of pet hospitals, including BANFIELD™, BLUEPEARL™, VCA™ and ANICURA™ span preventive, general, specialty, and emergency veterinary care, and our global veterinary diagnostics business ANTECH® offers breakthrough capabilities in pet diagnostics. The Mars Five Principles — Quality, Responsibility, Mutuality, Efficiency and Freedom — inspire our 150,000 Associates to act every day to help create a better world for people, pets and the planet.

For more information about Mars, please visit www.mars.com. Join us on Facebook, Instagram, LinkedIn and YouTube.

For more information on the PAWS program, visit: https://www.mars-petsandwellbeing.com.  

About Calm

Calm is a leading consumer mental health company on a mission to support everyone on every step of their mental health journey. Known for its flagship consumer app—ranked #1 in its category with over 180 million downloads and availability in seven languages across around 190 countries—Calm helps people sleep better, stress less, and live more mindfully through content and tools from experts and beloved celebrity voices. Building on this foundation, Calm has created a broader portfolio including Calm Sleep and evidence-based solutions like Calm Health, which is offered through employers, health plans and providers, and designed to expand access to mental health and sleep support, boost benefits engagement, and drive positive health outcomes. Today, Calm supports more than 3,500 organizations and reaches over 26 million covered lives through Calm Health. Calm has been recognized as a TIME100 Most Influential Company and one of Fast Company’s Brands That Matter. Learn more at calm.com.

References  

  1. The research was conducted by YouGov Plc on behalf of Mars. Total sample size was 31299 adults across 20 markets (UK: 2507, Brazil: 2502; Canada: 1347; Germany: 1584; Indonesia: 2510; India: 1001; Mexico: 1567; Malaysia: 1036; Poland: 1349; US: 3748; China: 1054: Belgium: 1084; Australia: 1525; New Zealand: 1066; Spain: 1322; Netherlands: 1074; France: 1526; Denmark: 1093; Sweden: 1070; Italy: 1334). Fieldwork was undertaken between 19th February – 31st March 2025. The survey was carried out online. The figures have been weighted at an individual country level to be representative of all dog and cat owners (aged 18+) in the respective markets.
  2. Mars State of Pet Homelessness Report, 2024 
  3. Waltham Petcare Science Institute, 2022: “Four Ways Pets Help Mental Health, According to Science”
  4. PLOS ONE Study, 2023: “Longitudinal Tracking of Shelter Dogs”

 

Shailene Woodley launches 'Finding Four-Legged Friends', a new Sleep Story in the Mars x Calm collection inspired by her experience welcoming pets into her life
Shailene Woodley launches ‘Finding Four-Legged Friends’, a new Sleep Story in the Mars x Calm collection inspired by her experience welcoming pets into her life

 

 

 

Baiya International Group Inc. Announces First Half of Fiscal Year 2025 Financial Results

SHENZHEN, China, Sept. 30, 2025 /PRNewswire/ — Baiya International Group Inc. (“BIYA” or the “Company”) (Nasdaq: BIYA), a human resource (“HR”) technology company utilizing its cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions, today announced its unaudited financial results for the first half of fiscal year 2025 ended June 30, 2025.

Ms. Siyu Yang, Chief Executive Officer of BIYA, commented, “We are pleased to report a 6.9% increase in net revenues for the first half of fiscal year 2025, reaching $7.3 million. Gross profit grew by 49.2% to $0.7 million, and gross margin expanded to 10.0% from 7.2% in the same period last year. This growth was supported by the strong rebound of entrusted recruitment services, which benefited from China’s gradually recovering labor market, as well as contributions from project outsourcing services with our major customers in the logistics and express delivery sectors.”

Ms. Yang continued, “In line with our long-term strategy, we will continue to enhance the Gongwuyuan Platform to strengthen our SaaS-enabled HR technology solutions and better serve the flexible employment marketplace. At the same time, we are broadening our growth trajectory through strategic initiatives such as our proposed acquisition of STARFISH TECHNOLOGY-FZE and the integration of its UpTop.Meme platform, which could position BIYA to participate in the global wave of digital finance and innovation. Looking ahead, we will remain focused on deepening client relationships, advancing platform development, and exploring new growth opportunities, with the goal of delivering value to our shareholders.”

First Half of Fiscal Year 2025 Financial Summary

  • Net revenues were $7.3 million for the first half of fiscal year 2025, an increase of 6.9% from $6.8 million for the same period last year.
  • Gross profit was $0.7 million for the first half of fiscal year 2025, an increase of 49.2% from $0.5 million for the same period last year.
  • Gross margin was 10.0% for the first half of fiscal year 2025, increased from 7.2% for the same period last year. 
  • Net loss was $4.7 million for the first half of fiscal year 2025, compared to $0.06 million for the same period last year.
  • Basic and diluted net loss per common share were $0.385 for the first half of fiscal year 2025, compared to $0.006 for the same period last year.

First Half of Fiscal Year 2025 Financial Results

Net Revenues

Net revenues were $7.3 million for the first half of fiscal year 2025, an increase of 6.9% from $6.8 million for the same period last year.

  • Revenue from entrusted recruitment service was $0.4 million for the first half of fiscal year 2025, an increase of 833.5% from $0.04 million for the same period last year. The increase was primarily attributed to China’s economy’s gradually recovery, and accordingly, the Company’s entrusted recruitment services started to gradually bounce back due to increased labor demand.
  • Revenue from project outsourcing service was $6.9 million for the first half of fiscal year 2025, an increase of 2.2% from $6.8 million for the same period last year. The increase was primarily due to the outsourcing revenues from the Company’s major customers, $0.8 million increase from Zhaoqing Branch of China Postal Group Limited, $0.2 million increased from Songjia Precision Technology (Dongguan) Co., Ltd. and $0.2 million increased from China Postal Express & Logistics Co., Ltd., which was partly offset by $1.0 million decreased from Zhongshan Branch of China Postal Group Limited.
  • The Company did not generate revenue from other services for the first half of fiscal year 2025. Revenue from other services was $2,089 for the same period last year.

Cost of Revenues

Total cost of revenue was $6.5 million for the first half of fiscal year 2025, an increase of 3.7% from $6.3 million for the same period last year.

Gross Profit and Gross Margin

Gross profit was $0.7 million for the first half of fiscal year 2025, an increase of 49.2% from $0.5 million for the same period last year. The increase was mainly due to the $0.2 million increase in gross profit from project outsourcing service and $80,009 increase in gross profit from entrusted recruitment service, which was partly offset by the $1,884 decrease in gross profit from other services.

Gross margin was 10.0% for the first half of fiscal year 2025, increased from 7.2% for the same period last year.

Operating Expenses

Total operating expenses were $5.5 million for the first half of fiscal year 2025, an increase of 985.0% from $0.5 million for the same period last year. The change was mainly due to an increase of $4.7 million in general and administrative expenses and an increase of $325,755 in selling expenses, which were partly offset by a decrease of $64,728 in research and development expenses.

  • Selling expenses were $360,797 for the first half of fiscal year 2025, an increase of 929.6% from $35,042 for the same period last year. The increase was primarily due to the $260,533 increase in advertising and promotion expense and $67,690 increase in meal and entertainment expense, which was partly offset by $4,344 decrease in travel expenses.
  • General and administrative expenses were $5.0 million for the first half of fiscal year 2025, an increase of 1,433.4% from $0.3 million for the same period last year. The increase was mainly due to increased professional fee by $1.9 million, increased telecom service expense by $0.2 million, increased HR service fee by $0.1 million, increased stock compensation expenses by $1.7 million, increased legal expenses by $0.5 million increased audit fee by $0.1 million, increased travel expense by $0.1 million and increased payroll expense by $14,455.
  • Research and development expenses were $0.08 million for the first half of fiscal year 2025, a decrease of 46.1% from $0.1 million for the same period last year.  

Net Loss

Net loss was $4.7 million for the first half of fiscal year 2025, compared to $0.06 million for the same period last year. The increase mainly resulted from increased operating expenses by $4.9 million, which was partly offset by decreased other expenses by $42,811 and increased gross profit by $0.2 million for the first half of fiscal year 2025.

Basic and Diluted Net Loss per Common Share

Basic and diluted net loss per common share were $0.385 for the first half of fiscal year 2025, compared to $0.006 for the same period last year.

Financial Condition

As of June 30, 2025, the Company had cash of $0.9 million, compared to $1.7 million as of December 31, 2024.

Net cash used in operating activities for the first half of fiscal year 2025 was $6.4 million, compared to net cash provided by operating activities of $0.1 million for the same period last year.

Net cash used in investing activities for the first half of fiscal year 2025 was $0.3 million. There were no cash outflows from investing activities for the same period last year.

Net cash provided by financing activities for the first half of fiscal year 2025 was $6.0 million, compared to $1.2 million for the same period last year.

About Baiya International Group Inc. (“Baiya”)

Baiya has evolved from a job matching service provider into a cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions on the Gongwuyuan Platform to supplement its offline job matching services and started to position itself as a SaaS-enabled HR technology company by introducing its Gongwuyuan Platform in the flexible employment marketplace. Baiya has been and will continue to strategically develop and improve the Gongwuyuan Platform with product features that work together with its traditional offline service model to improve the job matching and HR related services in the flexible employment marketplace. For more information, please visit the Company’s website: https://www.baiyainc.com/investors-overview.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this announcement are “forward-looking statements” as defined under the federal securities laws, including, but not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Forward-looking statements can be identified by terms such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the United States Securities and Exchange Commission (“SEC”).

For further information, please contact:

Baiya International Group Inc.
Investor Relations Department
Phone: +86 0769-88785888
Email: info@biyainc.com

Investor Relations Inquiries:

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com 

 

BAIYA INTERNATIONAL GROUP INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Expressed in U.S. Dollars, except for the number of shares)

As of
June 30,
2025
(Unaudited)

As of
December 31,
2024

ASSETS

CURRENT ASSETS

Cash

$

909,699

$

1,668,291

Accounts receivable, net

2,035,232

1,648,073

Advance to suppliers, net

42,233

Due from related parties

1,922,295

40,549

Deferred IPO costs

889,160

Prepaid expense and other current assets, net

21,443,545

177,325

Loan receivable from third party – current

97,720

Total current assets

26,450,724

4,423,398

NON-CURRENT ASSETS

Property and equipment, net

1,908

1,872

Right-of-use asset, net

80,156

49,356

Loan receivable from third parties, non-current

703,491

443,787

Other non-current assets

33,017

Total noncurrent assets

785,555

528,032

TOTAL ASSETS

$

27,236,279

$

4,951,430

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES

Accounts payable

$

2,046,618

$

1,662,594

Loan payable to third parties

132,620

164,399

Advance from customers

149,709

29,675

Accrued liabilities and other payables

1,924,468

2,057,865

Taxes payable

256,553

146,239

Due to related parties

127,673

170,855

Lease liabilities

72,246

8,422

Loan payables, current

28,639

117,345

Total current liabilities

4,738,526

4,357,394

NON-CURRENT LIABILITIES

Lease liabilities

9,187

43,972

Loan payable to third parties, non-current

Loan payables, non-current

Total non-current liabilities

9,187

43,972

TOTAL LIABILITIES

4,747,713

4,401,366

COMMITMENTS AND CONTINGENCIES

STOCKHOLDER’S EQUITY

Preferred shares, par value $0.0001, 100,000,000 shares authorized, nil shares issued
      and outstanding as of June 30, 2025 and December 31, 2024, respectively

Class A Common shares, par value $0.0001, 1,600,000,000 shares authorized,
     19,998,496 and 10,000,000 shares issued and outstanding as of June 30, 2025 and
     December 31, 2024, respectively

1,999

1,000

Class B Common shares, par value $0.0001, 100,000,000 shares authorized,
     1,600,000 and nil shares issued and outstanding as of June 30, 2025 and
      December 31, 2024, respectively

160

Additional paid-in capital

28,447,180

1,796,285

Statutory Reserve

380,901

380,901

Accumulated other comprehensive loss

(203,635)

(221,139)

Accumulated deficit

(6,214,056)

(1,456,778)

Total Company shareholders’ equity

22,412,549

500,269

Non-controlling interest

76,017

49,795

Total shareholders’ equity

22,488,566

550,064

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

27,236,279

$

4,951,430

 

BAIYA INTERNATIONAL GROUP INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Expressed in U.S. Dollars, except for the number of shares)

(Unaudited)

For the Six Months
Ended
June 30,

2025

2024

Net revenues

$

7,261,545

$

6,791,902

Cost of revenues

6,535,524

6,305,256

Gross profit

726,021

486,646

Operating expenses

     Selling expenses

360,797

35,042

     General and administrative expenses

5,015,210

327,064

     Research and development expenses

75,605

140,333

Total operating expenses

5,451,612

502,439

Loss from operations

(4,725,591)

(15,793)

Other income (expenses)

     Interest income (expense), net

4,502

(24,268)

     Other income (expenses), net

5,156

(8,885)

Other income (expenses), net

9,658

(33,153)

Loss before income tax

(4,715,933)

(48,946)

Less: income tax expense

19,769

12,807

Net loss

(4,735,702)

(61,753)

Less: net income / (loss) attributable to non-controlling interests

21,576

(2,187)

Net loss attributable to common shareholders of Baiya International Group Inc.

$

(4,757,278)

$

(59,566)

Comprehensive income / (loss)

     Other comprehensive loss

Foreign currency translation gain / (loss) attributable to the Company

17,504

(14,759)

Foreign currency translation gain / (loss) attributable to noncontrolling interest

4,646

(846)

     Total other comprehensive income / (loss)

22,150

(15,605)

Comprehensive loss attributable to the Company

(4,739,774)

(74,325)

Comprehensive income / (loss) attributable to noncontrolling interest

26,222

(3,033)

Total comprehensive loss

(4,713,552)

(77,358)

Net loss per common share

     Basic and diluted

$

(0.385)

$

(0.006)

Weighted average number of common shares outstanding

     Basic and diluted

12,368,833

10,000,000

 

BAIYA INTERNATIONAL GROUP INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressed in U.S. Dollars, except for the number of shares)

(Unaudited)

For the Six Months
Ended
June 30,

2025

2024

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss

$

(4,735,702)

$

(61,753)

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:

           Depreciation expense

442

           Allowances for credit losses

(26,235)

           Amortization of operating lease right-of-use assets

11,511

7,026

           Stock compensation expense

1,736,736

           Non-cash other income

(6,565)

Changes in operating assets and liabilities:

           Accounts receivable, net

(351,542)

1,073,828

           Advance to suppliers, net

(21,000)

(255,274)

           Prepaid expense and other current assets

(3,395,362)

(87,503)

           Accounts payable

348,184

(667,480)

           Advance from customers

118,015

           Accrued liabilities and other payables

(163,103)

111,947

           Taxes payable

106,228

33,659

           Other payables, non-current

(20,790)

           Lease liability

(13,307)

(5,129)

Net cash (used in) provided by operating activities

(6,385,577)

122,408

CASH FLOWS FROM INVESTING ACTIVITIES

          Loan to third party

(344,750)

Net cash used in investing activities

(344,750)

CASH FLOWS FROM FINANCING ACTIVITIES

           Proceeds from loans – bank

55,286

           Due to related parties

1,715,817

           Repayments to loans – bank

(89,827)

(489,636)

           Loan to related parties

(1,910,636)

           Repayment to third party loan

(34,475)

           Deferred IPO costs

(40,000)

           Net proceeds from issuance of common stock for IPO

7,995,267

Net cash provided by financing activities

5,960,329

1,241,467

EFFECT OF EXCHANGE RATE CHANGES ON CASH

11,406

(10,562)

NET (DECREASE) INCREASE IN CASH

(758,592)

1,353,313

CASH, BEGINNING OF PERIOD

1,668,291

31,973

CASH, END OF PERIOD

$

909,699

$

1,385,286

Supplemental disclosure information of cash flow:

Cash paid for income tax

$

$

Cash paid for interest

$

33,679

$

24,309

Supplemental non-cash information:

Right of use assets obtained in exchange for operating lease liability

$

71,398

$

57,642

 

HKPC Launches Hong Kong’s First “Low-altitude Economy Tech Hall”

Building Hong Kong into the Asia-Pacific hub for low-altitude innovation applications, advancing the implementation of the low-altitude economy


HONG KONG SAR – Media OutReach Newswire – 30 September 2025 – The Hong Kong Productivity Council (HKPC) today held the grand opening ceremony of the “Low-altitude Economy Tech Hall,” with Mr WONG Wai-lun, Michael, GBS, JP, Deputy Financial Secretary of the HKSAR Government, serving as the Guest of Honor, together with Hon Sunny TAN, Chairman of HKPC; Hon Elizabeth Quat, SBS, JP, Legislative Council Member and Founding President of the Greater Bay Area Low Altitude Economy Alliance; as well as leaders from government, business, and academia, to witness a new milestone in Hong Kong’s journey toward airspace innovation and new-quality productive forces.

Smart city’s new engine: Low-Altitude Economy Shapes Hong Kong’s New Industrial Landscape

The low-altitude economy is a key component in building smart cities, integrating multiple innovative technologies including unmanned aircrafts, passenger electric vertical take-off and landing aircraft (eVTOL), airspace management, artificial intelligence (AI), and energy materials. Characterised by high growth, high integration, and high penetration, it is rapidly becoming a new industry contested worldwide. The Civil Aviation Administration of China projects the market size to reach RMB 1.5 trillion by 2025 and RMB 3.5 trillion by 2035.

Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world, along with multiple high-value scenarios for the low-altitude economy, including high-end logistics, emergency response, integration of culture and tourism, industrial applications, public utilities, and unmanned driving, demonstrating its potential for developing the low-altitude economy. The “Low-altitude Economy Tech Hall” launched by HKPC today marks the new starting point for the industrialisation of Hong Kong’s low-altitude economy, providing a one-stop platform for research commercialisation, technology validation, standard setting, and application deployment.

Mr WONG Wai-lun, Michael, GBS, JP, Deputy Financial Secretary of the HKSAR Government said, “The government is actively promoting the development of the low-altitude economy and seeks collaborative partners to engage and work alongside various sectors. In March of this year, the government announced the first batch of 38 Regulatory Sandbox pilot projects, of which 17 have already begun testing. By the end of October, a total of 28 projects are expected to be in testing. This reflects enthusiastic responses from all sectors and showcases the government’s swift progress in advancing the low-altitude economy, with a commitment to sustaining this momentum in the future.”

Hon Sunny TAN, Chairman of HKPC said, “Beyond being a showcase for innovative technologies, the ‘Low-altitude Economy Tech Hall’ is also a testbed for institutional innovation. Through this platform, we aim to bring together government, industry, academia, and research to jointly explore airspace management models and application scenarios in high-density urban environments, creating a ‘Hong Kong model’ for the low-altitude economy and further consolidating our position as an international I&T centre. HKPC is also the first institution recognised by Hong Kong’s Civil Aviation Department as an Advanced Small Unmanned Aircraft Training Organisation and holder of Advanced Operation Authorisation. We will continue to lead in system building and talent development.”

Connecting upstream, midstream, and downstream: HKPC Develops an Innovative Low-Altitude Economy Industry Chain

In promoting the low-altitude economy, HKPC has linked the entire industry chain, integrating upstream – materials, manufacturing, and energy technologies, midstream – standards and testing platforms, and downstream – application deployment, infrastructure, and talent training:

  • Upstream technology R&D: HKPC supports the development of hydrogen fuel cells, thermoplastic composite gas cylinders, microelectronic modules, and magnesium alloy materials and manufacturing to enhance drone endurance and structural light-weighting. Through 3D printing of drone components, HKPC bolsters local smart manufacturing capabilities. Successful cases include a self-developed carbon fiber–metal foam composite that simultaneously improves structural rigidity and airframe light-weighting.
  • Midstream standards and institutional building: HKPC collaborates with Institute of Electrical and Electronics Engineers (IEEE), the Greater Bay Area Standards Innovation Alliance, and others to establish risk-based standards, cross-border logistics standards, and other related manufacturing standards for regulatory sandboxes in the low-altitude economy, providing unified frameworks and risk thresholds for government, enterprises, and technology providers. HKPC is also Hong Kong’s first Civil Aviation Department–recognized advanced training organisation for small unmanned aircraft. It is currently preparing to launch Category C small unmanned aircraft (25–150 kg) courses to align with the regulatory framework under the Small Unmanned Aircraft Order (Cap. 448G).
  • Downstream application enablement: HKPC actively promotes drone deployment in scenarios such as logistics delivery, bridge inspection, emergency rescue, and power grid monitoring. Achievements include the Edison Gold Award–winning “Autonomous Air-ground Cooperative Tunnel Inspector,” combining edge AI computing, high-precision Non-GPS Positioning, and a multi-robot ground–air collaborative solution. Not only does it greatly reduce the need for working at heights, but also makes tunnel inspections safer and more efficient; and the “EagleEye Power Grid Inspection System,” a Gold Award winner at the Geneva International Exhibition of Inventions, which uses embedded AI for real-time defect detection to enhance inspection efficiency and safety.

Exhibition × Sandbox × Go Global: The Low-altitude Economy Tech Hall as a one-stop I&T platform

As a pioneer in strengthening the low-altitude economy value chain, HKPC remains at the forefront of industry development. Located at the HKPC Building, the “Low-altitude Economy Tech Hall” features nearly 20 cutting-edge technologies from Hong Kong and the Mainland, spanning the entire value chain, including technical standard settings, materials and manufacturing technologies, eVTOL, medium-sized unmanned aircraft technologies, low-altitude digitalisation infrastructure, air traffic management, geographic information systems, and various types of application scenarios—showcasing Hong Kong’s technical strength and collaborative potential in the low-altitude economy. In addition, it will offer hands-on operation experiences with small unmanned aircraft, allowing visitors to personally experience the appeal of frontier technologies.

The “Low-altitude Economy Tech Hall” also aligns with the Government’s “regulatory sandbox” policy by establishing institutional testing scenarios that allow enterprises, government, and academia to test technologies, validate regulations, and promote policy coordination within a controlled environment. Industry partners are welcome to visit and exchange insights, and the public is invited to explore the technological achievements of the low-altitude economy. Reservations for visits are available via this link.

Please click here for hi-res photos
Hashtag: #HKPC #Low-altitudeEconomyTechHall

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

About Hong Kong Productivity Council 

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D), specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Chinese Mainland and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises to enhance competitiveness. To further support businesses in expanding into global markets, HKPC has established “The Cradle – Go Global Service Centre”, providing essential services to address businesses’ needs in product development, technology, manufacturing, and management, empowering enterprises to successfully go global. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to promote technology transfer, product innovation, and commercialisation through product innovation, technology transfer, creating value for industries. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.

In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.

For more information, please visit HKPC’s website: .

Villa Vie Odyssey Celebrates One Year of Sailing with Extraordinary Giveaway

FORT LAUDERDALE, Fla., Sept. 30, 2025 /PRNewswire/ — Villa Vie Residences, the pioneering residential cruise line redefining life at sea, is proud to mark a major milestone: the one-year anniversary of its flagship, Villa Vie Odyssey. In just twelve months, Villa Vie Odyssey has spent its first year bringing together a community of Residents who live, work, and explore the world from the comfort of home at sea.

1 Year Sailing Odyssey Mural
1 Year Sailing Odyssey Mural

One Year of Global Living

Since setting sail September 30, 2024, Villa Vie Odyssey has:

  • Visited 5 continents through 46 countries in 138 ports of call.
  • Welcomed hundreds of full-time residents aboard its floating community.
  • Pioneered unique Ownership, Rental, and Lifetime Cruise Programs like the newly launched Golden Passport.
  • Introduced Standard Ownership from $129,999, Monthly Rentals From $99 per day and Golden Passports from $99,999 truly make a lifestyle at sea more attainable than ever.

To celebrate this landmark year, Villa Vie is giving back in a big way with the launch of the “365 7-Day Cruise Giveaway.” Beginning in October, 365 free weeklong cruises will be awarded, inviting travelers around the world to step aboard and experience life with Villa Vie firsthand.

The “7-Day Cruise Giveaway” Includes:

  • 52 Winners per day will be chosen between October 15th to 21st.
  • A complimentary 7-day voyage aboard Villa Vie Odyssey before March 31, 2026.
  • Full access to the ship’s all-inclusive lifestyle: dining, entertainment, enrichment programs, fitness, and community life.
  • Opportunities to sail to some of the 140+ countries Villa Vie Odyssey visits during its continuous world journey.

How to Enter

Travelers can enter the giveaway by https:/villavieresidences.com/anniversary/ Each entry counts toward daily drawings, and winners will be announced on Villa Vie’s website and social media channels. No purchase is required.

“This is more than a cruise,” added Petterson. “It’s an open invitation to step into a new lifestyle. Even if it’s only for a week, we want more people to feel what it’s like to live the Villa Vie way.”

About Villa Vie Residences

Villa Vie Residences reimagines cruise-ship living with flexible, long-term options tailored to modern travelers. Its Continual World Cruise visits 425+ ports across 140+ countries on seven continents every 3.5 years. Residents choose to own, rent, or lease for life through the Endless Horizons Program, enjoying a unique blend of home comfort and global discovery.

Contact:
Villa Vie Residences
Email: media@villavieresidences.com
Website: www.villavieresidences.com

For images and assets, please click here

Odyssey in Borocay, Philippines
Odyssey in Borocay, Philippines

 

Villa Vie Odyssey Celebrates 1 Year of Sailing
Villa Vie Odyssey Celebrates 1 Year of Sailing

 

 

 

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NYSE Content Advisory: Pre-Market Update + Snowflake celebrates 2025 Startup Challenge

NEW YORK, Sept. 30, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE Content Advisory: Pre-Market Update + Snowflake celebrates 2025 Startup Challenge

Ashley Mastronardi delivers the pre-market update on September 30th

  • Stocks are fractionally lower Tuesday morning following a winning start to the week. The major averages are on pace to end September and Q3 in the green. The S&P 500 is up more than 7% over the past three months.
  • Investors will be monitoring the latest developments in Washington as a potential government shutdown looms. If congress doesn’t reach a funding deal by tonight, Friday’s Jobs Report could be delayed.
  • Snowflake (NYSE: SNOW) will celebrate three finalists for the 2025 Snowflake Startup Challenge, as well as its 5th anniversary of its listing.

Opening Bell
Blue Owl Capital celebrates the direct listing of Blue Owl Technology Finance Corp. (NYSE: OTF)

Closing Bell
Snowflake (NYSE: SNOW) celebrates its 5th anniversary of listing and the 2025 Startup Challenge

Click here to download the NYSE TV App

 

Neurophet Publishes Clinical Validation Results of ‘Neurophet AQUA’ in Annals Academy of Medicine Singapore

– Clinical study conducted at the Dementia Research Centre, Nanyang Technological University, Singapore, involving Southeast Asian participants

– Expert level accuracy, while significantly reducing analysis time for white matter hyperintensity and gray matter volume

SEOUL, South Korea, Sept. 30, 2025 /PRNewswire/ — Neurophet (Co-CEOs Jake Junkil Been and Donghyeon Kim), an artificial intelligence (AI) solution company for brain disorders diagnosis and treatment, announced on the 30th that the results of a clinical study validating the clinical efficacy of its brain neurodegeneration imaging analysis software, Neurophet AQUA, in patients with mild cognitive impairment and dementia have been published in the international journal Annals Academy of Medicine Singapore.

Neurophet AQUA is a brain neurodegeneration imaging analysis software.
Neurophet AQUA is a brain neurodegeneration imaging analysis software.

The clinical study was conducted from April 2022 to July 2023 at the Dementia Research Centre of the Lee Kong Chian School of Medicine, Nanyang Technological University, Singapore. A total of 90 adults from a community-based cohort in Singapore participated in the study, including 30 healthy individuals, 40 patients with mild cognitive impairment, and 20 patients with dementia.

To evaluate the clinical efficacy of Neurophet AQUA, the research team analyzed white matter hyperintensities (WMH) and gray matter volume of the participants. The results showed a strong correlation between the analyses performed by Neurophet AQUA and expert medical assessments for WMH (ρ=0.66, p<0.0001). In addition, Neurophet AQUA demonstrated a high correlation with existing automated tools (LST, CAT12), with correlation coefficients ranging from ρ=0.84 to 0.85 (p<0.0001).

Through gray matter volume analysis, the research team confirmed significant atrophy in the hippocampus and posterior cingulate cortex of patients with dementia and meaningfully distinguished the progression from cognitively normal → mild cognitive impairment → dementia. Gray matter segmentation was completed within five minutes, with greatly improved efficiency compared to conventional assessments. Notably, the combined analysis of gray matter and white matter hyperintensities was completed within 20 minutes, showing improvement over traditional methods that typically require several hours.

These findings suggest that Neurophet AQUA can help clinicians establish dementia diagnoses and treatment strategies more rapidly and objectively in clinical practice. With its faster and more accurate MRI analysis compared to conventional methods, Neurophet AQUA is expected to serve as a valuable tool for dementia diagnosis and monitoring in real-world medical scene.

Donghyeon Kim, Co-CEO of Neurophet, said, “This study demonstrated the clinical validity of Neurophet AQUA in a patient cohort from Singapore. It marks an important milestone proving that Neurophet’s technology can be trusted in global clinical practice. Moving forward, we will lead efforts to advance early diagnosis of dementia and establishing personalized treatment strategies for patients.”

Meanwhile, Neurophet signed a supply agreement last month with the National University of Singapore (NUS) and Singapore General Hospital (SGH) for its PET (Positron Emission Tomography) image quantification software, Neurophet SCALE PET.

About Neurophet

Neurophet specializes in developing solutions for diagnosis support, treatment guides, and treatment devices targeting brain disorders based on cutting-edge artificial intelligence (AI) technology. The company was founded in 2016 by Co-CEOs Jake Junkil Been and Donghyeon Kim, who developed the next-generation neuro-navigation system.

Major products include brain MRI analysis software “Neurophet AQUA”, PET Image Quantitative Analysis Software “Neurophet SCALE PET”, Brain imaging treatment planning software for electric and magnetic brain stimulation “Neurophet tES/TMS LAB”, Alzheimer’s Disease treatment prescription and monitoring software “Neurophet AQUA AD” for tracking treatment efficacy and side effects, and Multiple Sclerosis image analysis software “Neurophet AQUA MS”.

Neurophet has set its top priority to helping patients suffering from brain disorders. Based on expertise in neuroscience, Neurophet will continue to challenge and grow to explore the human brain’s health and pioneer solutions for brain diseases with AI technology.

 

MinIO Introduces Iceberg Tables in AIStor, Unifying Enterprise Data for AI

New capability establishes MinIO as the on-prem Exascale AI Data Store for secure, sovereign, scalable Enterprise AI

REDWOOD CITY, Calif., Sept. 30, 2025 /PRNewswire/ — MinIO, the leading exascale object store for Enterprise AI Data, today announced the addition of native Apache Iceberg support to its flagship AIStor offering via a powerful new Tables feature. By integrating the Iceberg Catalog API directly into MinIO AIStor, MinIO is helping enterprises unlock more value from AI on their own terms with an AI Data Store that brings together structured and unstructured data under a single, open standard. 

While Iceberg has emerged as the de facto standard for enterprise AI and analytics, resolving years of format fragmentation, it has traditionally been considered primarily a tool for analytics on structured data – until now. With AIStor’s native Iceberg implementation, enterprises can now unify all their structured and unstructured data – whether tables, transactions, images, audio and more – into a single, coherent fabric. The resulting foundation strengthens the efficacy of AI workloads from analytics to agentic AI, because AI can now act on all enterprise knowledge, not just a subset.

Enterprises sit on massive volumes of data, but turning it into AI value has been costly and complex. Iceberg is the new standard, yet managed cloud services drive up expenses and on-prem solutions with external catalog services create operational headaches. By embedding Iceberg natively, AIStor Tables makes data fluent, fast, and AI-ready, removing layers of cost and complexity from data and infrastructure management while ensuring consistency, security, and scale.

As the only object-native on-premises object store with the Apache Iceberg REST catalog built-in, AIStor unifies tabular and object data to power agentic AI and lakehouse analytics. Just as MinIO brought the Amazon S3 experience to every data center, MinIO is now doing the same for Iceberg with AIStor Tables—making the enterprise AI standard available at scale, on premises. MinIO designed the Tables feature to address the challenges exascale AI customers face today in building Iceberg-powered workloads as well as repatriating such workloads from the cloud to cut costs while strengthening privacy, sovereignty, and control.

“Data is the currency of AI, but enterprises are struggling with its enormous scale and variation,” said AB Periasamy, co-founder and co-CEO of MinIO. “Iceberg is the clear standard for enterprise AI data. The challenge is that most on-prem implementations make it harder than it needs to be, requiring separate catalog databases and extra layers of infrastructure that add cost and operational risk. By building Iceberg directly into AIStor, we take away that complexity and give enterprises a simple, scalable foundation for AI. This not only lowers costs and speeds progress, but also ensures AI can reach its full potential because all data is AI data.”

With its native Iceberg Catalog API, MinIO AIStor Tables transforms how enterprises use data, confidently breaking away from the limits of traditional storage and enabling AI to scale without compromise. This will unlock key breakthroughs for scalable Enterprise AI, including:

  • A Unified View of the Business: Bringing together structured and unstructured data into a single Iceberg-based foundation, ensuring AI has access to all enterprise knowledge for more accurate insights and decisions.
  • Seamless Ecosystem Fit: Built on open standards, AIStor Tables works out of the box with existing tools and query engines including Spark, Trino, Dremio, and Starburst, protecting past investments while accelerating new AI initiatives.
  • Reduced Risk and Faster Time to Value: Native design eliminates separate catalog service infrastructure, security models, and management overhead of traditional Iceberg deployments, so enterprise AI scales more efficiently.
  • Complete Sovereignty with Savings: Runs in the private cloud to keep sensitive data secure and compliant, while reducing dependency on hyperscalers and lowering long term AI infrastructure costs

The introduction of AIStor Tables reflects MinIO’s broader evolution from object storage to AI Data Store pioneer. In the new AI economy, data strategy defines leadership. MinIO gives enterprises the tools to unify, govern, and accelerate their data fabric, on premises, at any scale. This transforms AIStor from an object store into the foundational AI Data Store that agentic AI demands, unifying years of siloed data into a single, governable platform.

AIStor Tables is available immediately in tech preview.

Resources:

About MinIO:
MinIO is the data foundation for enterprise AI. Built for exascale performance and limitless scale, MinIO AIStor delivers a secure, sovereign, and AI-ready data store that spans from edge to core to cloud. With billions of downloads and adoption across the Fortune 100 and 500, MinIO is redefining how organizations and government agencies store, manage, and mobilize all of their data in the AI era. MinIO is backed by Jerry Yang’s AME Cloud Ventures, Dell Technologies, General Catalyst, Index Ventures, Intel Capital, Softbank Vision Fund 2 and others.

Media Contact:
Tucker Hallowell
MinIO@inkhouse.com