Home Blog Page 2470

NYSE Content Advisory: Pre-Market Update + National Cricket League Kicks off Tournament in Dallas

By
Advertorial Desk
-

NEW YORK, Oct. 3, 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 + National Cricket League Kicks off Tournament in Dallas

Kristen Scholer delivers the pre-market update on October 3rd

  • Stocks are up fractionally early Friday after the S&P 500 rose to a new high yesterday. AI names boosted the overall market as traders bought tech shares during the government shutdown.
  • September’s non-farm payrolls report will not be released today after the Labor Department paused activity during the shutdown. A read on the private sector Wednesday showed the economy lost 32,000 jobs last month.
  • The NYSE welcomes the National Cricket League to celebrate the kickoff of its second season. Its inaugural tournament begins today in Dallas with the NYSE Texas logo on its jerseys.

Opening Bell
National Cricket League celebrates the kickoff of its second season

Closing Bell
FutureCrest (NYSE: FCRS.U) rings the Closing Bell

Click here to download the NYSE TV App

Video – https://mma.prnasia.com/media2/2788483/NYSE_Oct_3_Market_Update.mp4 

 

EPWK will launch Chinese/English mall of “EPWK Curated Goods”

By
Advertorial Desk
-

XIAMEN, China, Oct. 3, 2025 /PRNewswire/ — “EPWK curated goods, light up the surprise of daily life”. Recently, the author learned from EPWK (NASDAQ stock code: EPWK) , the “first stock of China’s crowdsourcing platform” on NASDAQ global market in the United States that the company will launch “EPWK Curated Goods – Creative Physical Commodity Mall” in the next three months, positioned as the “source of new pragmatic life”, focusing on digging and providing creative physical goods with excellent design, practical function and emotional resonance, for modern consumers who pursue life quality, and upgrade ordinary daily life into an experience full of surprises and beauty. In the future, EPWK Curated Goods will enter the international market and launch the English version, building a complete and high-quality brand.

EPWK Curated Goods locate the source of new pragmatic life
EPWK Curated Goods locate the source of new pragmatic life

EPWK curated goods, light up the surprise of daily life

Guohua Huang, the founder/CEO of EPWK, said that the establishment of “EPWK curated goods” and entering the field of creative physical commodities is one of the matters that the team has planned for years. It includes four aspects of market opportunities: first, the trend of consumption upgrading: consumers change from “buyable” to “buy good” and are willing to pay for design, quality and experience; second, the aesthetic period: in the era of social media, good-looking and shareable products have their own communication attributes; third, emotional consumption demand: in material abundance times, commodities are not only tools, but also carriers and emotional sustenance of personal taste and life attitude; fourth, gift market potential: creative goods are an excellent choice for birthday, anniversary and holiday gifts, and the market is huge.

The needs of consumers have not been fully met. The advantages of high-end design brand collection stores are in its design and brand identity, but the price is high, favoring large household items; the creative channels of large e-commerce platforms have the advantages of supply chain and traffic, but the product homogeneity is serious, and they lack personality and curation (fine Select); The advantage of Vertical creative platform (such as: Xiaohongshu community, some independent designer stores) lies in the atmosphere and uniqueness of the community, but it lacks of purchase trust and supply chain stability.

The breaking point of EPWK is to find an accurate balance between “popularization” and “nicheization”. We are not as broad as strict selection, nor as high-minded as independent designers. We are the “curators of life”, strictly screen users, and provide “new utilitism” curated goods with acceptable prices, ingenious designs and down-to-earth functions.

EPWK curated goods, an explorer of urban life

According to the introduction, the target core users of “EPWK curated goods” mall will be “urban life explorers” who are 25-40 years old, mainly distributed in first- and second-tier cities and have radiating influence on third-tier cities. They are mainly white-collar workers, creative workers, teachers, young managers, etc., and have good educational background and stable income of medium and above. They pay attention to the quality of life: they are willing to pay for improving happiness within their power.

The characteristics of these target groups include: aesthetic, appreciation of good design; rational and sensible, not only value the practicality of the product when shopping, but also easily moved by its design ingenuity; willing to share, is the “grass planting machine” in the circle of friends; there is a need to buy gifts, often worried about what gifts to give, seeking unique solution.

EPWK was established in March 2011, which is the first digital intelligent creative trading service e-commerce platform in China to be listed in the United States. As of June 30, 2024, the cumulative registered users of EPWK have exceeded 25.66 million, covering more than 2,800 cities and counties, and the number of completed projects has exceeded 4.6 million, with GMV exceeding 1.67 billion US dollars. EPWK was selected as a typical case of China’s Shared Economic Development Report (2019) of the National Development and Reform Commission. At the same time, the company is the initiator and formulation unit of the group standard of the Creative Knowledge and Skills Sharing Platform Service Specification in China; it is a national high-tech enterprise, a national demonstration base for the integration of culture and science and technology, an e-commerce demonstration enterprise of the Ministry of Commerce, and a project undertaking unit of the national science and technology support plan.

EPWK curated goods, the source of the new pragmatic life

“EPWK curated goods” is not only a shopping mall, but also a platform for users to get inspiration from life. Mei Feng, the head of EPWK product technology, explained the core brand positioning of EPWK curated goods: “the source of the new pragmatic life”. She said that neopragmatism will go beyond “use-only”: our definition of “practicality” is not only the satisfaction of basic functions. For example, a cup that conforms to ergonomics is “old practical”, while a cup that is also in line with ergonomics and has a starry sky projection at the bottom of the cup, which can accompany you to sleep at ease, is “new practical”. It is a combination of “functional practical + emotional practical + aesthetic practical”. And the source of new pragmatic life shows that the project is curated, not simply sold: we are not the stackers of shelves. Like museum curators, we “curate” the most worthy part from a large number of goods with a clear theme and aesthetic standards to save the screening cost for users.

“We are tired of repeated life, so we embark on a journey to find curated goods. Each selected product must pass our strict ‘three good’ standards: good-looking, easy to use, and good surprise. We believe that real curated goods can light up every ordinary day. Mei Feng, the head of EPWK product technology said, EPWK curated goods will maintain the style and taste, rejecting low quality and cheapness. We’ll always pay attention to the story behind the product and the emotional connection with users.

The brand positioning of “EPWK curated goods” is by no means simply to sell “creative products”, but to advocate a “new pragmatism” life attitude. EPWK will provide users with verified goods that can effectively improve the quality of life and pleasure through the strict “curation” model, and become their trusted “life selection officer”. In the end, the ideas of “buying something good to treat yourself” and “giving a different gift to important people” can be the most satisfactory realization in “curated goods”.

Guohua Huang, the founder/CEO of EPWK said: Focusing on building a “configuration hub” of global creative resources, EPWK will strive to play the role of “global creative resource router” in the future and expand three major tracks: the internationalization of platform creative transactions, the physical productization of creative design, and the serialization of enterprise AI tools; These functions will be achieved on three platforms: EPWK International (intl.epwk.com), Chinese and English Version of EPWK curated goods, and Xiaowei Intelligent Aggregate (https://www.xwzn.cn/mobile). At the same time, EPWK will take advantage of the resource advantages of its’ listing on NASDAQ to quickly integrate target enterprises and resources in China and worldwide through investment mergers and acquisitions, to release the value of EPWK and to expand its business globally.

Interlace at Token2049 Singapore: Issuance Exceeds 6 Million Cards, Pioneering a New Era of Stablecoin Compliant Payments

By
Advertorial Desk
-

SINGAPORE, Oct. 3, 2025 /PRNewswire/ — The Token2049 Summit, one of the world’s leading conferences for crypto and fintech, was held in Singapore on October 1–2. The event brought together more than 20,000 industry professionals and thousands of companies and institutions, reinforcing its role as a key barometer of global blockchain and fintech development.

Interlace, a global leader in card issuance and fund management platforms, made its presence known at Token2049 Singapore, actively participating in several events. The company also announced that it has surpassed the milestone of issuing over 6 million cards, serving more than 12,000 enterprise clients, with a payment network spanning over 180 countries and regions. This achievement reflects the widespread acceptance of stablecoin-based payment models and underscores Interlace’s leadership and successful practices in scaling, compliance, and ecosystem development.

Interlace at Token2049 Singapore: Issuance Exceeds 6 Million Cards, Pioneering a New Era of Stablecoin Compliant Payments
Interlace at Token2049 Singapore: Issuance Exceeds 6 Million Cards, Pioneering a New Era of Stablecoin Compliant Payments

Interlace: The Innovative Financial Bridge Between Web2 and Web3

As a leading global platform for card issuance and fund management, Interlace is committed to becoming the financial bridge between Web2 and Web3. Through a comprehensive suite of products, including accounts, payments, card services, API interfaces, and wealth management, Interlace helps enterprises achieve complete fund management from “on-chain assets” to “off-chain consumption.”

To date, Interlace has issued over 6 million cards and serves more than 12,000 enterprise clients, with a payment network covering over 180 countries and regions, validating its industry-leading position in terms of scale and global operations. In terms of global compliance, Interlace holds financial licenses in the U.S., Hong Kong, Lithuania, and other regions, and is PCI DSS Level-1 certified, providing businesses with secure, auditable fund transfer guarantees. The platform supports over 40 mainstream fiat currencies and cryptocurrencies, including USDT and USDC, establishing a unified fund management and payment system for global enterprises.

With its extensive client coverage, forward-thinking compliance strategies, and full-stack product ecosystem, Interlace is not only a provider of payment products but also a foundational element of the stablecoin compliance and payment ecosystem. During Token2049, Interlace shared insights into its innovative products, compliance advantages, and ecosystem value, showcasing its ability to offer full-stack financial services.

Industry Trends: Stablecoins Drive Payment and Settlement Upgrades

On October 1st, Interlace’s CBDO Mark Homeier was invited to the PayFi Huma Summit, where he shared practical business insights—payment efficiency, security, and compliance are the core factors for businesses in deciding whether to adopt stablecoin payments. At the Stablecoin Summit, Mark also gave a keynote speech titled “How Stablecoins Are Changing the Financial Landscape,” emphasizing that the integration of stablecoins with traditional payment systems can significantly reduce settlement times, lower exchange costs, and enhance fund transparency, making stablecoins a key tool for enterprise payments and fund management.

Interlace at Token2049 Singapore: Issuance Exceeds 6 Million Cards, Pioneering a New Era of Stablecoin Compliant Payments
Interlace at Token2049 Singapore: Issuance Exceeds 6 Million Cards, Pioneering a New Era of Stablecoin Compliant Payments

Since its founding in 2019, Interlace has aligned with industry trends, pioneering a platform that covers over 40 major fiat and cryptocurrency assets to enable unified management and exchange between fiat and crypto. Supported by global accounts, Infinity Cards, and CaaS APIs, the platform facilitates enterprise transfers, crypto payments, and card issuance across diverse scenarios, truly closing the loop from “on-chain assets” to “off-chain consumption.”

Compliance as a Strong Foundation for Scalable Growth

At the Web3 Finance: Powering the Future of Trust Summit, Interlace’s Head of Compliance and Operations, Henry Chan, was invited to share his insights into the regulatory challenges faced by stablecoins in practice. He noted that as global regulations tighten, compliance requirements like KYC, KYB, and AML have become essential barriers for enterprises adopting stablecoin payments.

“Balancing compliance and user experience is a common challenge in the industry,” Henry said. “Interlace achieves ‘seamless compliance’ through the smooth design of its products, allowing users to enjoy the convenience of decentralization while still meeting regulatory requirements across different countries, thus laying the foundation for the long-term healthy development of the industry.” Interlace embeds compliance and risk control deeply into product design: using non-custodial MPC wallets to ensure fund security, integrating on-chain AML and KYC systems for real-time risk control, and balancing decentralization and compliance in an ideal manner.

Ecosystem Strategy: Building a Full-Stack Enterprise Financial Services Platform

Interlace’s founder and CEO, Michael Wu, was invited to attend the “Building Value through Connection: Stablecoin Payment Ecosystem Synergy and Future Landscape” forum, where he expanded on the development of stablecoins. He noted that stablecoins are becoming the value bridge connecting Web3 and traditional finance, and Interlace has built a comprehensive financial ecosystem based on “accounts + payments + card services + wealth management” to support this bridge’s infrastructure.

Michael explained that Interlace connects fund flows through seamless exchange between cryptocurrencies and fiat currencies, based on enterprise accounts. Additionally, by leveraging 30+ card BIN resources, the platform supports multiple usage scenarios, enabling efficient fund transfers for Web3 enterprises, exchanges, OTAs, advertising, and payroll. For idle funds, Interlace offers low-risk, high-liquidity fund management, allowing stablecoins to reach both businesses and consumers, forming a complete ecosystem. This ecosystem not only enhances payment efficiency but also creates sustainable value for enterprises.

With this comprehensive ecosystem strategy, Interlace not only provides tools to businesses but also plays a pivotal role in the stablecoin-compliant payment ecosystem, driving deep integration between Web3 and traditional finance.

In addition to core topics, Interlace participated in several events such as the Stablecoin Summit, Hack Seasons Conference, and Investor Dinner, deepening its global partnerships and accelerating the co-building of the global payment ecosystem. At Token2049 Singapore, Interlace clearly communicated its core advantages: fortified compliance foundations through multi-region financial licenses and technical certifications, and an end-to-end product solution that meets the practical needs of businesses with “stablecoin payments + card services + compliant settlement capabilities + wealth management.” In the future, the team will focus on advancing its global compliance strategy, enhancing product and technical capabilities, and providing more secure, transparent, and scalable payment and settlement solutions for global enterprises, further solidifying its industry position as the financial bridge between Web2 and Web3.

Hesai Becomes the World’s First Lidar Company to Produce 1 Million Units in 2025

By
Advertorial Desk
-

PALO ALTO, Calif., Oct. 3, 2025 /PRNewswire/ — Hesai Technology (NASDAQ: HSAI; HKEX: 2525), a global leader in lidar solutions, today announced the production of its 1,000,000th lidar unit in 2025, making it the first lidar company worldwide to exceed one million units in annual production. This achievement underscores Hesai’s capability to deliver large-scale, high-quality lidar at unprecedented speed.

Hesai Becomes the World's First Lidar Company to Produce 1 Million Units in 2025
Hesai Becomes the World’s First Lidar Company to Produce 1 Million Units in 2025

This milestone also marks Hesai’s achievement of its first corporate vision since founding: “By 2025, enable 1% of vehicles worldwide with 3D perception*.”

“The 2025 vision we had set is now within reach, and it is a proud moment for us,” said Hesai’s Co-Founder and CEO, David Li. “The AI era empowers us to dream big and provides the foundation to realize those dreams. We will continue to make lidar the ‘eye’ of intelligent vehicles and robots, advancing toward our goal of elevating human lives.”

Hesai’s success is built on its industry-leading manufacturing system and in-house R&D capabilities, enabling rapid product iteration, strict quality control, and highly scalable production. Its fully automated production lines—capable of producing one lidar every 20 seconds—leverage advanced manufacturing technologies to ensure speed and consistency at scale.

Hesai’s proprietary Smart Cloud MES system enables full-chain traceability, real-time quality management, and micro-level line control, preventing defective products from leaving the factory. Hesai is also the only company in the industry to independently develop all seven key lidar components. Its product portfolio—including the AT, ET, FT, XT, OT and JT series—has secured numerous global mass-production contracts.

With explosive demand in ADAS and robotics applications, Hesai currently holds three No. 1 positions in the automotive lidar market worldwide: No. 1 in overall automotive lidar market share, No. 1 in ADAS lidar market share, and No. 1 in Level 4 autonomous driving lidar market share.

In ADAS, Hesai lidar has become a standard safety feature, with over 120 vehicle models across 24 OEMs scheduled for production between 2025 and 2027. Key partners include a top European OEM, a leading global automaker in NEV sales, Li Auto, Xiaomi, Changan, Geely, Great Wall Motor, Chery, Zeekr, Leapmotor, SAIC Audi, SAIC-GM, a Toyota joint venture, among other top automakers.

In robotics, Hesai supplies nine of the world’s top ten robotaxi service providers, including Motional, Baidu, Didi, Pony.ai, WeRide, and other leading autonomous driving companies. Hesai’s JT series lidar achieved cumulative deliveries of over 100,000 units within five months of product launch, setting an industry record.

As of Q2 2025, Hesai has delivered over 1.37 million lidar units cumulatively across ADAS and robotics markets. The company’s planned production capacity for 2025 is 2 million units, with annual deliveries projected between 1.2 and 1.5 million units.

*According to S&P Global Mobility’s early 2025 forecast, global new car sales in 2025 are expected to reach 89.6 million units, with production totaling 88.7 million units. Source

Moatable, Inc. Announces Final Results of its Fixed Price Tender Offer

By
Advertorial Desk
-

PHOENIX, Oct. 3, 2025 /PRNewswire/ — Moatable, Inc. (Pink Limited Market: MTBLY) (“Moatable,” the “Company” or “our”), a leading US-based SaaS company, announced today the final results of its fixed price tender offer (the “Tender Offer”) to repurchase up to 225,000,000 Class A ordinary shares, par value $0.001 per share (“Class A Ordinary Shares”) (including Class A Ordinary Shares represented by American Depositary Shares (the “ADSs”) of the Company, with each ADS representing 45 Class A Ordinary Shares), at a price of $3.00/45 per Class A Ordinary Share (or $3.00 per ADS), net to the seller in cash, less any applicable withholding taxes, without interest, and with respect to ADSs, less a cash distribution fee of $0.05 per ADS accepted for purchase in the Tender Offer that will be paid to Citibank, N.A., the Company’s ADS depositary. The Tender Offer expired at 12:00 midnight, New York City time, at the end of the day on September 30, 2025.

Based on the final count by Citibank, N.A., the tender agent for the Tender Offer (the “Tender Agent”), and Maples Fund Services (Cayman) Limited, the transfer agent and registrar of the Company (the “Registrar”), a total of 85,065,660 Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) were properly tendered and not properly withdrawn in the Tender Offer.

In accordance with the terms and conditions of the Tender Offer, the Company has accepted for purchase 85,065,660 Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) in the Tender Offer, for an aggregate cost of approximately $5,671,044, excluding all fees and expenses relating to the Tender Offer. The Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) acquired pursuant to the Tender Offer represent approximately 13.0% of the total number of the Company’s outstanding Class A Ordinary Shares and approximately 10.3% of the Company’s outstanding share capital.

The Company will promptly pay for the Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) accepted for purchase pursuant to the Tender Offer.

Securityholders, banks and brokers who have any questions regarding the Tender Offer may contact the information agent, Georgeson LLC, by telephone at: (866) 585-6991 (toll-free) or in writing to: 51 West 52nd Street, 6th Floor, New York, NY 10019.

About Moatable Inc.

Moatable, Inc. (Pink Limited Market ink: MTBLY) operates two US-based SaaS businesses including Lofty and Trucker Path. Moatable’s American Depositary Shares, each of which currently represents 45 Class A Ordinary Shares, trade on Pink Limited Market under the symbol “MTBLY”. For more news and information on Moatable, please visit Moatable.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable U.S. securities laws, including statements regarding the Company’s ability to complete the Tender Offer and the payment of Class A Ordinary Shares (including Class A Ordinary Shares represented by ADSs) purchased pursuant to the Tender Offer. Forward-looking statements may be identified by words such as “seek”, “believe”, “plan”, “estimate”, “anticipate”, “expect”, “intend”, “continue”, “outlook”, “may”, “will”, “should”, look forward” “could”, or “might”, and other similar expressions. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. Factors that could materially affect Moatable’s business and financial results include, but are not limited to, Moatable’s goals and strategies; Moatable’s future business development, financial condition and results of operations; Moatable’s expectations regarding demand for and market acceptance of its services; Moatable’s plans to enhance user experience, infrastructure and service offerings; the expenses and time that deregistration from the U.S. Securities and Exchange Commission (the “SEC”) may require, if Moatable decides to suspend its reporting obligations, and the impact thereof; and the impact of macroeconomic or geopolitical events. Further information regarding these and other risks is included in our most recent Annual Report on Form 10-K and other documents that may be filed with the SEC. All information provided in this press release is as of the date of this press release, and Moatable does not have any intent, and disclaims any obligation, to update the forward-looking information to reflect events that occur, circumstances that exist or changes in our expectations after the date of this press release, except as required by law.

Kind Borneo Launched with Strong Support to Empower NGOs and Strengthen Communities Across Sarawak and Borneo

By
Advertorial Desk
-

KUCHING, Malaysia, Oct. 3, 2025 /PRNewswire/ — The much-anticipated launch of Kind Borneo, a transformative corporate social responsibility (CSR) initiative, marked a resounding success as it convened 17 non-governmental organizations (NGOs) and drew over 100 participants committed to strengthening communities across Sarawak and the wider Borneo region.

Kind Borneo Launched with Strong Support to Empower NGOs and Strengthen Communities Across Sarawak and Borneo
Kind Borneo Launched with Strong Support to Empower NGOs and Strengthen Communities Across Sarawak and Borneo

Organised by MACEOS (Malaysian Association of Convention and Exhibition Organisers and Suppliers) Sarawak Region and Borneo Business Connect, the inaugural event was hosted at the Borneo Convention Centre Kuching (BCCK) and strategically co-located with Business Events Sarawak’s Legacy 360 Conference. The launch underscored a powerful shared commitment: to amplify the role of NGOs and embed meaningful CSR initiatives into the DNA of the business events industry.

The programme featured engaging NGO pitch presentations in the morning, followed by two high-impact expert panel discussions. “Forging Effective Partnerships – Aligning CSR Vision with NGO Impact”, moderated by Kingston Khoo, explored how businesses can effectively collaborate with NGOs to develop sustainable support models. The second panel, “Beyond Grants – A Strategic Blueprint for NGO Success with Government-Linked Foundations”, moderated by Dato Jacqueline Fong, provided practical guidance on securing and managing grants, while highlighting inspiring NGO success stories.

Kind Borneo was founded by Borneo Business Connect directors Datuk Dr Gandhi and Gracie Geikie, supported by esteemed advisors Datin Rosemarie Wong Jabu, Dato Jacqueline Fong, and Datin Dona Drury Wee. Together, they bring decades of leadership in community development, philanthropy, and social impact work.

In her remarks, Amelia Roziman, CEO of Business Events Sarawak, highlighted the broader vision:
“Business events have immense potential to be a force for good, leaving behind a legacy that extends far beyond the conference walls. By co-locating Kind Borneo with our Legacy 360 Conference, we are providing a practical platform for our industry to directly engage with and understand the needs of local NGOs. This transforms CSR from a concept into actionable, sustainable, and impactful support for communities.”

The event also featured a vibrant NGO Gallery, showcasing 17 associations and community-based enterprises, providing visibility for their initiatives and forging new opportunities for collaboration with business and government stakeholders.

The successful launch of Kind Borneo was made possible through the support of BCCK, Place Borneo, IDA, Team Magnifico, and Catcity Holidays.

With its impactful debut, Kind Borneo is poised to become a long-term movement—one that empowers NGOs, strengthens partnerships, and builds lasting legacies for communities across Borneo.

PR Newswire is the official news distribution partner of Kind Borneo 2025.

Shaping Tomorrow’s Cities: SMU’s 12th Lee Kuan Yew Global Business Plan Competition Spotlights Global Deep Tech Innovators in Sustainability

By
Advertorial Desk
-
  • The Grand Finals winners are ChemT Biotechnology, representing Singapore and the US, and Zhejiang Polar Code Technology representing China and the US.
  • ChemT Biotechnology emerged winner of the Chancellor’s Cup for Beta Innovation and Zhejiang Polar Code Technology was awarded the Chancellor’s Cup for Infinity Impact.
  • Chairman of National Research Foundation, Mr. Heng Swee Keat, reiterates Singapore’s role as a global innovation & entrepreneurial hub, well-exemplified by the success of the 12th LKYGBPC

SINGAPORE, Oct. 3, 2025 /PRNewswire/ — ChemT Biotechnology, a biotech startup from Singapore, and Zhejiang Polar Code Technology, an energy tech startup from China were declared Grand Final winners of the 12th Lee Kuan Yew Global Business Plan Competition (LKYGBPC) yesterday (2 Oct). Organised by the Singapore Management University Institute of Innovation and Entrepreneurship (SMU IIE) from 29 September to 02 October 2025, LKYGBPC is one of Asia’s largest university-led deep-tech startup competitions, with this edition setting new records for global participation.

ChemT Biotechnology, whose founders graduated from the National University of Singapore and Harvard University, emerged winner of the Chancellor’s Cup for Beta Innovation. China-based Zhejiang Polar Code Technology, whose founders graduated from Tianjin University and Toledo University, clinched the Chancellor’s Cup for Infinity Impact.

The competition has two categories: ‘Beta’ for pre-revenue startups and ‘Infinity’ for revenue-generating early-stage startups up to Series A. ChemT Biotechnology’s achievement marks the first time in the 23-year history of the competition that a Singapore-US startup has clinched the top prize of either category.

Ms. Shirley Wong, Chief Judge and Chairperson of the 12th LKYGBPC Advisory Committee, remarked, “This reflects a level of trust in the biennial competition for startups to showcase their work, gain visibility, raise funds and receive expert feedback on their innovative and entrepreneurial models. The LKYGBPC is more than a competition—it’s a vibrant celebration of bold ideas and fearless founders shaping a better future. This year’s unprecedented participation and exceptional innovation, from climate tech to sustainable materials, reflect the grit and vision of young entrepreneurs tackling humanity’s most pressing challenges.”

Both winning startups beat a tremendously competitive field of 60 global finalists – the winner of the Chancellor’s Cup for Beta Innovation was awarded S$237,500 worth of prize value and the winner of the Chancellor’s Cup for Infinity Impact secured S$287,500. Both teams also earned exclusive access to mentorship by some of the most notable venture capitalists (VCs) and C-suite Executives.

What the Winners Say

Chancellor’s Cup for Beta Innovation (0 to 1 Category – Pre-revenue Start-ups) –  ChemT Biotechnology, whose founders graduated from NUS and Harvard University.

 

Sun Jie, Co-founder, said:
“The spark I had, that made me decide to turn my idea into a venture, was when I was working in a corporate pharma company. We had touched on AI technology to solve a specific question that had been puzzling scientists for almost 20 years. And then, all of a sudden, AI solved it within a year. That was the moment I felt, ‘this is the time. We are excited that we are ready to start something very new that could fundamentally change the industry and give patients more access to modern medicines.”

 

“Winning the competition is a great recognition to our startup. We are thrilled and will focus on the business scaling as a next step, this includes upgrading the current product, launching new products for antibody production, and scale our virtual cell AI platform to more customers.”  

 

About ChemT Biotechnology
ChemT Biotechnology transforms bio-manufacturing with AI-designed small molecules that precisely modulate cell behaviour—boosting biologics production yields and optimizing cell performance. 

 

Chancellor’s Cup for Infinity Impact (1 to Infinity Category – Early to Series A-stage Revenue-generating Start-ups) – Zhejiang Polar Code Technology, whose founders graduated from Tianjin University and University of Toledo

 

Wang Zhu, Co-founder, said:
“We didn’t expect to win, and we plan to move our headquarters to Singapore. We are excited to promote our solution globally. What we do is provide a way to make high-level renewable penetration possible. Our advice and learning is, just do it, and always be grateful for the support of family, coworkers, and everyone around you.”

 

About Zhejiang Polar Code Technology
Zhejiang Polar Code Technology delivers smart micro-grids powered by AI to optimise performance in renewable-rich power networks.

 

Another 15 university-affiliated start-ups were also declared winners across various categories, including MicroMelt Ltd and SynMetabio which won the Indorama Ventures Future of Sustainable Materials Award; Photoncore, Dunia Innovations and Luxtelligence which won Zhang Fan Global AI Initiative Award, in first, second and third place respectively; and QarboTech which was awarded the Wavemaker Sustainability Investment Prize And the YIT Global Exploration Prize. (Please refer to the Annex)

Pioneering AI-Driven Start-up Evaluation

This year, LKYGBPC also introduced the DueAI™ Challenge, a novel initiative leveraging artificial intelligence to augment the efficiency and objectivity of start-up screening. Developed by Dr. Sze Tiam Lin, Senior Licensing Advisor at SMU IIE, this AI-driven platform reflects global trends in venture capital, streamlining data collection and enabling data-driven investment decisions while empowering human judgment.

Universities as a Crucible of Innovation

In his closing address for the 12th LKGBPC, Mr. Heng Swee Keat, Chairman of the National Research Foundation (NRF), emphasised that the 12th LKYGBPC honours the legacy of Mr. Lee Kuan Yew, whose visionary spirit continues to inspire and fuel innovation. He highlighted the competition’s success as a global magnet for innovation and learning, drawing 1,500 applications from over 1,200 universities across 91 countries and reinforcing Singapore’s status as an international gateway to Asia’s ecosystems.

Commending SMU as a “crucible of innovation” with a “pivotal role in fostering innovation and entrepreneurship among students”, Mr. Heng noted that the LKYGBPC, co-created with student leaders, is a prime example and a necessary convening platform.

Concurring with Mr Heng, SMU President Professor Lily Kong acknowledged the role of over 100 such students participating in the organizing of the competition with SMU. “What began as startup scouting and international roadshows grew into supporting mentors and judges and buddying next-gen founders, forging friendships and partnerships along the way,” she said. “The student-pitch showcase from our local tertiary institutions reflects how SMU contributes to Singapore as a national launchpad—connecting global deep-tech startups with our student talent, opening direct pathways to internships, career opportunities and hands-on experiences.”

Universities are also in good stead to partner with and gather stakeholders to amp up the knowledge flow within the ecosystem. The inaugural Chief Sustainability Officer (CSO) Conversations, organised in collaboration with the Singapore Green Finance Centre and SMU Urban Institute, sponsored by Climate Impact X, DBS and Google, took place during the LKYGBPC Finals Week where it convened 30 leading corporates; heads of sustainability, forward-thinking policymakers, and next-gen innovators to drive candid dialogue and strengthen cross-sector alignment.  (See CSO Conversations | Lee Kuan Yew Global Business Plan Competition for more details)

The Road Ahead

Looking to the future, Mr. Heng emphasised that Singapore’s collective and coordinated Research, Innovation and Enterprise (RIE) efforts remain critical to Singapore’s progress.

He described SMU’s Urban SustaInnovator, which National Development Minister Chee Hong Tat launched just a few days ago, as a key initiative in commercialising research into globally competitive and impactful solutions. The deep tech accelerator programme will also serve as a teaching accelerator, to expose the local workforce to global best practices, informing important stakeholders in the consortium of developments in the fields and expanding Singapore’s deep tech talent pool, thereby strengthening the nation’s innovation agenda. 

“Supported by a founding consortium of private and public partners, the USI aims to nurture high-potential deep tech start-ups with a ‘Singapore Inc. Advisory Board’ to accelerate and multiply positive impact on the world. This strong nexus between academia and industry sharpens our academic research edge and enables enterprises to be at the forefront of innovation.” All participants of LKYGBPC will get an exclusive opportunity to apply for the Urban SustaInnovator, advance their technology and grow their business.

About LKYGBPC
Organised by SMU’s Institute of Innovation and Entrepreneurship, the Lee Kuan Yew Global Business Plan Competition (LKYGBPC) is a biennial university-led start-up challenge, named after Singapore’s founding Prime Minister, Lee Kuan Yew, whose visionary leadership propelled Singapore onto the global stage. Since 2002, LKYGBPC has fostered a global youth innovation village, launching countless ventures addressing real-world challenges. The 11th edition attracted over 3,600 participants from 1,000+ universities across 77 countries, with 53 finalists selected for their innovation, commercial viability, and execution potential. For more information: smu.sg/lkygbpc

About SMU IIE
SMU’s Institute of Innovation and Entrepreneurship (IIE) nurtures changemakers and founders dedicated to creating positive impact. Through customised training programs, an equity-free incubation program, and vibrant community-building events like LKYGBPC, IIE empowers entrepreneurs to innovate and scale. For more information: iie.smu.edu.sg

About SMU
Established in 2000, Singapore Management University (SMU) is renowned for its world-class research and innovative teaching. SMU’s mission is to generate impactful research and cultivate creative, entrepreneurial leaders for the knowledge-based economy. Collaborating with global researchers, businesses, and public sector partners, SMU drives innovation with global relevance. For more information: www.smu.edu.sg

Annex A – List of Grand Finalist Teams

Beta Grand Finalist Teams

Start-up

Description

University

Arculus Solution

Arculus repurposes natural gas transmission pipelines for bulk transportation of either CO2 or hydrogen, thanks to a patented barrier coating applied on the internal surface of the pipe.

Massachusetts Institute of Technology

Helix Carbon

Helix Carbon delivers electrolyzers tailored for the steel industry that upcycle CO₂ directly from waste gas to produce drop-in syngas,— eliminating the need for separate carbon capture process.

Massachusetts Institute of Technology

Luxtelligence

Luxtelligence develops energy-efficient photonic circuits for Quantum computing and AI, using thin-film lithium niobate chips to double bandwidth and cut power consumption in half for data centers.

École Polytechnique Fédérale de Lausanne

ChemT Biotechnology

ChemT Biotechnology transforms bio-manufacturing with AI-designed small molecules that precisely modulate cell behavior—boosting biologics production yields and optimizing cell performance.

National University of Singapore,

Harvard University

Infinity Grand Finalist Teams

Start-up

Description

University

Genia

Genia builds Generative Design CoPilots for engineers in construction helping them design permit-ready drawings 10 times faster with 20% material savings.

University of Pennsylvania, Carnegie Mellon University

Aerologix

Aerologix is a drone technology platform connecting clients with 40,000+ pilots, delivering on-demand aerial data, mapping, and AI insights for infrastructure, environment, and industry.

UNSW Sydney, Macquarie University

Zhejiang Polar Code Technology

Zhejiang Polar Code Technology delivers smart micro-grids powered by AI to optimize performance in renewable-rich power networks.

Tianjin University, Toledo University

MacroCycle Technologies

MacroCycle creates circular plastics and textiles at cost parity and with zero emissions using SolvoGenesis™ technology for high-quality, closed-loop PET recycling.

Massachusetts Institute of Technology

 

Annexe B – List of 12th LKYGBPC Prizes and Winners

For more details on startups, pls refer to 12th LKYGBPC Finalists | Lee Kuan Yew Global Business Plan Competition

Sponsor Prizes

Start-Up

University

Country of University

Chancellor’s Cup for Beta Innovation

S$100,000 in cash and S$137,500 in-kind prizes

  • APRW Public Relations Prize
  • JTC Launchpad Prize
  • Lee & Lee Resource Prize
  • YIT Global Exploration Prize

ChemT Biotechnology

National University of Singapore, Harvard University

Singapore, United States Of America

Chancellor’s Cup for Infinity Impact

S$100,000 in cash and S$187,500 in-kind prizes

  • Startup SG Grant Prize
  • APRW Public Relations Prize
  • JTC Launchpad Prize
  • Lee & Lee Resource Prize
  • YIT Global Exploration Prize

Zhejiang Polar Code Technology

Tianjin University, University of Toledo

China, United States Of America

Indorama Ventures Future of Sustainable Materials Award (Beta)

S$50,000 cash prize awarded to the most promising breakthrough innovations in the Beta Category, for sustainable materials that can reshape industries

MicroMelt Ltd

University Of Oxford

United Kingdom

Indorama Ventures Future of Sustainable Materials Award (Infinity)

S$75,000 cash prize awarded to the most promising breakthrough innovations in the Infinity Category, for sustainable materials that can reshape industries

SynMetabio

ShanghaiTech University, University of Copenhagen

China

Zhang Fan Global AI Initiative Award

In partnership with Zhang Fan — formerly Co-founder of Sequoia Capital China and a four-time Forbes “Midas List” honouree VC – the award recognises breakthroughs that push the frontiers of artificial intelligence, with $35,000 going to third place, $40,000 to the second and $50,000 to the first

PhotonCore (1st place)

Tsinghua University, Southeast University

China

Dunia Innovations (2nd place)

University of Glasgow

Scotland

Luxtelligence (3rd place)

École Polytechnique Fédérale de Lausanne

Switzerland

The GEAR by Kajima’s Built Environment Accelerated Commercialisation Award

Powered by Kajima, the prize awards $60,000 to a startup which showcases deployment-ready solutions to tackle real-world challenges in sustainability, productivity, wellbeing, and resilience

Mimicrete Ltd

University of Cambridge

United Kingdom

raiSE Social Impact Grant Prize

Awarded to ventures aiming to address pressing social needs in Singapore with sustainable, scalable impact, the winning team will receive funding of $60,000 to help scale solutions that deliver meaningful change to society

Seamless XR

National University of Singapore

Singapore

YIT Global Exploration Prize

Four prizes will be awarded in-kind, valued at $25,000 per prize, to four globally oriented ventures offering incubation support and access to world-class research facilities. The four focus areas will include Advanced Manufacturing, AI, Robotics, New Energy, and New Materials 

OmniPath H₂

Harvard University

United States Of America

MacroCycle Technologies

Massachusetts Institute of Technology

United States Of America

Qarbotech

University of Cambridge, Wageningen University & Research

United Kingdom, Netherlands

UniversalLab

École Polytechnique Fédérale de Lausanne, RWTH Aachen University

Switzerland, Germany

People’s Choice Award

A S$10,000 prize that reflects the voice of the audience and has captured the imagination of the community. This award is determined by community votes at both the Beta and Infinity stages

ReZinc (Beta)

VinUniversity

Vietnam

SpaceFields (Infinity)

Veer Surendra Sai University of Technology, UCE Burla

India

Wavemaker Sustainability Investment Prize

S$100,000 in investment awarded to champion companies which drive sustainable solutions and create meaningful impact in climate tech, renewable energy, the circular economy, and sustainable infrastructure

Qarbotech

University of Cambridge, Wageningen University & Research

United Kingdom, Netherlands

Best Professor-Student Team Prize

S$20,000 in cash awarded to one finalist team comprising a faculty member with an exciting and revolutionary solution

Nephrogen

Stanford University

United States Of America

DueAI Challenge

This first-of-its-kind global award challenges how startups are evaluated and funded with AI.

PufferAI, Singapore

(1st place)

Evalyse, Canada

(2nd place)

Shensu AI, India

(3rd place)

 

Annexe C – Quotes from A Growing Ecosystem of Visionary Partners

The 12th LKYGBPC welcomed the Agency for Science, Technology and Research (A*STAR) as its first Scientific Knowledge Partner, providing world-class expertise and mentorship to drive deep-tech innovation. New collaborator Indorama Ventures introduced the Future of Sustainable Materials Award, spotlighting breakthroughs in sustainable materials. The Zhang Fan Global AI Initiative Award continued to support AI-driven start-ups, while venture capital firms Antler, TRIREC, and Wavemaker Partners bolstered funding for enterprise, deep-tech, and sustainability-focused ventures.

Mr. Amirul Merican, Founder of Qarbotech, Winner of Wavemaker Sustainability Investment Prize and YIT Global Exploration Prize

“It’s a step up in credibility for all of us, especially in the regions that Wavemaker Partners, are backing our technology. This investment shows the great potential for us to expand further beyond our markets that we are in now.”

Note: Qarbotech develops patented photosynthesis-enhancing solutions that boost crop yields sustainably, helping farmers grow more food with fewer resources while combating climate change.

Mr. Yash Lohia, Executive President of Petchem and Chairman of the ESG Council, Indorama Ventures, Visionary Partner of the 12th LKYGBPC

“At Indorama Ventures, sustainability drives our innovation strategy. We collaborate with startups to develop recycling technologies and bio-based materials that can scale from lab to industry, supporting the transition to a more circular economy. We recognize that startups hold the key to breakthrough solutions that provide a competitive edge. Through initiatives like the LKYGBPC, we connect entrepreneurial talent with our global platform to accelerate solutions that create long-term value for society and our business.”

Ms. Choo Oi Yee, Chief Executive Officer of Climate Impact X, Lead Sponsor for the Chief Sustainability Officer (CSO) Conversations

“Markets are only as strong as the trust and collaboration behind them. That’s why we’ve partnered with SMU, Google and DBS Bank to convene sustainability leaders from business, finance and policy—fostering candid dialogue and turning innovation into impact.”

 

SuperX Launches the Latest XN9160-B300 AI Server, Blackwell Ultra Delivers 50% More Compute Over Blackwell

By
Advertorial Desk
-

SINGAPORE, Oct. 3, 2025 /PRNewswire/ — Super X AI Technology Limited (NASDAQ: SUPX) (“the Company” or “SuperX”) today announced the launch of its latest flagship product, the SuperX XN9160-B300 AI Server. Powered by NVIDIA’s Blackwell GPU (B300), the XN9160-B300 is designed to meet the growing demand for scalable, high-performance computing across AI training, machine learning (ML), and high-performance computing (HPC) workloads. Engineered for extreme performance, the system integrates advanced networking capabilities, scalable architecture, and energy-efficient design to support mission-critical data center environments.

The SuperX XN9160-B300 AI Server is purpose-built to accelerate large-scale distributed AI training and AI inference workloads, providing extreme GPU performance for intensive, high-demand applications. Optimized for GPU-supported tasks, it excels in foundation model training and inference, including reinforcement learning (RL), distillation techniques, and multimodal AI models, while also delivering high performance for HPC workloads such as climate modeling, drug discovery, seismic analysis, and insurance risk modeling.

Designed for enterprise-scale AI and HPC environments, the XN9160-B300 combines supercomputer-level performance with energy-efficient, scalable architecture, offering mission-critical capabilities in a compact, data-center-ready form factor.

The launch of the SuperX XN9160-B300 AI server marks a significant milestone in SuperX’s AI infrastructure roadmap, delivering powerful GPU instances and compute capabilities to accelerate global AI innovation.

Figure 1. SuperX XN9160-B300 AI Server, Powered by Blackwell Ultra
Figure 1. SuperX XN9160-B300 AI Server, Powered by Blackwell Ultra

XN9160-B300 AI Server

The SuperX XN9160-B300 AI Server, unleashing extreme AI compute performance within a 8U chassis, features Intel Xeon 6 Processors, 8 NVIDIA Blackwell B300 GPUs, up to 32 DDR5 DIMMs, and high-speed networking with up to 8 × 800 Gb/s InfiniBand.

High GPU Power and Memory

The XN9160-B300 is built as a highly scalable AI node, featuring the NVIDIA HGX B300 module housing 8 NVIDIA Blackwell B300 GPUs. This configuration provides the peak performance of the Blackwell generation, specifically designed for next-era AI workloads.

Crucially, the server delivers a massive 2,304GB of unified HBM3E memory across its 8 GPUs (288GB per GPU). This colossal memory pool is essential for eliminating memory offloading, supporting larger model residence, and managing the expansive Key/Value caches required for high-concurrency, long-context Generative AI and Large Language Models.

Extreme Inference and Training Throughput

The system leverages the B300 Ultra’s superior FP4/NVFP4 precision and second-generation Transformer Engine to achieve monumental performance leaps. According to NVIDIA, Blackwell Ultra delivers a decisive leap over Blackwell by adding 50% more NVFP4 compute and 50% more HBM capacity per chip, enabling larger models and faster throughput without compromising efficiency.[1] Scaling is effortless, thanks to eight 800Gb/s OSFP ports for InfiniBand or dual 400Gb/s Ethernet. These ports allow for the high-speed, low-latency communication necessary to connect the servers into vast AI Factories and SuperPOD clusters. The fifth-generation NVLink interconnects further ensure that the 8 on-board GPUs communicate seamlessly, acting as a single, potent accelerator.

Robust CPU and Power Foundation

The GPU complex is supported by a robust host platform featuring Dual Intel Xeon 6 Processors, providing the efficiency and bandwidth required to feed the accelerators with data. The memory subsystem is equally formidable, utilizing 32 DDR5 DIMMs supporting speeds up to 8000MT/s (MRDIMM), ensuring the host platform never bottlenecks the GPU processing.

For mission-critical reliability and sustained performance, the XN9160-B300 is equipped with 12 × 3000W 80 PLUS Titanium redundant power supplies, ensuring extremely high energy efficiency and stability under continuous peak load. The system also includes multiple high-speed PCIe Gen5 x16 slots and comprehensive storage options, including eight 2.5″ Gen5 NVMe hot-swap bays.

Technical Specifications:

CPU

2x Intel® Xeon 6th Gen P-Core Processor up to 350W(SP)/500W(AP)

GPU

8* Nvidia Blackwell B300

Memory

32* 96GB DDR5 5600 RDIMM

System Disk

2* 1920GB SSD

Storage Disk

8* 3.84TB NVMe U.2

Network

8* OSFP (800G) from CX8 on the module

Dimension

8U 447mm(H) x 351mm(W) x 923mm(D)

Market Positioning

The XN9160-B300 is built for organizations pushing the boundaries of AI, where maximum scale, next-generation models, and ultra-low latency are core requirements:

  • Hyperscale AI Factories: For cloud providers and large enterprises building and operating trillion-parameter foundation models and highly demanding, high-concurrency AI reasoning engines.
  • Scientific Simulation & Research: For exascale scientific computing, advanced molecular dynamics, and creating comprehensive industrial or biological Digital Twins.
  • Financial Services: For real-time risk modeling, high-frequency trading simulations, and deploying complex large language models for financial analysis with ultra-low latency demands.
  • Bioinformatics & Genomics: For accelerating massive genome sequencing, drug discovery pipelines, and protein structure prediction at scales requiring the B300’s immense memory capacity.
  • Global Systems Modeling: For national meteorological and governmental agencies requiring extreme compute for global climate and weather modeling and highly detailed disaster prediction.

About Super X AI Technology Limited (NASDAQ: SUPX)

Super X 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, High-Voltage Direct Current (HVDC) 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.

Follow our social media:
X.com: https://x.com/SUPERX_AI_
LinkedIn: https://www.linkedin.com/company/superx-ai
Facebook: https://www.facebook.com/people/Super-X-AI-Technology-Limited/61578918040072/#

 

1...2,4692,4702,471...6,710Page 2,470 of 6,710