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Keymed Biosciences Announces Approval of IND for CM518D1 by the National Medical Products Administration of China for the Treatment of Gastrointestinal Cancers

CHENGDU, China, April 25, 2025 /PRNewswire/ — Keymed Biosciences Inc. (HKEX: 02162) (“Keymed” or the “Company”) recently announced CM518D1, a CDH17-targeted antibody-drug conjugate (ADC) developed by Keymed, received Investigational New Drug (IND) approval from the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA), and is currently undergoing Phase I/II clinical trials in China for the treatment of solid tumors. This milestone marks another breakthrough in Keymed’s ADC drug development, further strengthening its innovative therapeutic pipeline in oncology.

CM518D1: a novel ADC drug targeting CDH17

CDH17 (Cadherin-17), a member of the cadherin superfamily, is an emerging therapeutic target in gastrointestinal cancers. Studies indicate that CDH17 is highly expressed in multiple gastrointestinal cancers including colorectal cancer, gastric cancer, pancreatic cancer, esophageal cancer, and plays a critical role in tumor invasion and metastasis.

CM518D1 delivers cytotoxic payloads precisely to tumor cells by a CDH17-specific monoclonal antibody, which combines the specificity of antibodies and the potent cytotoxicity of chemotherapeutics. Preclinical studies demonstrated that CM518D1 exhibits strong direct cytotoxic activity, potent bystander killing effect and excellent plasma stability. CM518D1 exhibits remarkable anti-tumor efficacy in multiple solid tumor xenograft models and a favorable safety profile and wide therapeutic window in toxicological evaluations.

Clinical development: providing a potential treatment regimen for gastrointestinal cancers

Keymed is currently conducting Phase I/II clinical trials in China to evaluate the safety, tolerability, and preliminary efficacy of CM518D1 in patients with advanced solid tumors. Future studies aim to provide a more precise, effective, and safe therapeutic option for patients worldwide with gastrointestinal cancers.

Keymed’s ADC platform: a next-generation of proprietary ADC program for innovative drug development

Keymed’s proprietary ADC platform has capabilities for developing next-generation ADCs with novel payloads (e.g., diverse mechanisms of action), hydrophilic linkers (optimized for stability and drug release) and engineered antibodies (enhanced binding and pharmacokinetics).

To meet the demands of next-generation ADC development and clinical research, Keymed has established GMP-compliant facilities for linker-payload and ADC drug substance production. This infrastructure positions Keymed at the forefront of ADC therapeutic development, helping to address unmet medical needs for patients worldwide.

About Keymed Biosciences

Keymed Biosciences Inc. (HKEX: 02162) is a biotech company focused on the urgent unmet clinical needs, and committed to providing high-quality, affordable, innovative therapies for patients in China and overseas. Keymed was founded by medical and scientific experts who have strong experience in the transformation of scientific and technological achievements to commercialization at home and abroad.

Tencent Cloud Completes Airstar Bank’s Full Migration to the Cloud to Create a More Agile Digital Bank

HONG KONG, April 25, 2025 /PRNewswire/ — Migrating to the Cloud is quickly becoming an industry standard for the financial industry as it enables institutions to achieve greater performance, digital capabilities, operational efficiencies and cost management. Tencent Cloud, the cloud business of global technology company Tencent, today announced it has helped Hong Kong’s Airstar Bank to successfully migrate its entire operations onto the Cloud, to facilitate more agility for their digital bank services and operations. Airstar Bank has been operating steadily on the cloud for over 100 days, witnessing significant improvements to the greater speed, stability and security that they are able to provide to their digital banking customers.

Tencent Cloud Completes Airstar Bank’s Full Migration to the Cloud
Tencent Cloud Completes Airstar Bank’s Full Migration to the Cloud

Airstar Bank is one of the first digital banks to be granted a banking license in Hong Kong and it continues to grow in market presence today. This has placed significant technological demands on Airstar Bank, as it needs to scale up quickly while balancing the high costs and resources that are required to support its growing operations.

In December 2023, Airstar Bank partnered with Tencent Cloud to initiate its cloud business migration plan, which will see all aspects of its business operations housed on the cloud. Tencent Cloud drew from its own extensive experience in cloud migration, formulating detailed technical plans and migration strategies to ensure a safe, smooth, and efficient transition to the cloud, while adhering to strict industry regulations and standards at all times.

Liming Hu, Vice President of Tencent Cloud, said: “Migrating to the cloud is the optimal solution for the digital transformation of the financial industry, and Airstar Bank’s comprehensive cloud migration reflects its forward-looking approach to digitalization. Tencent Cloud is honored to assist Airstar Bank in smoothly and efficiently migrating to the cloud, helping to provide more diverse financial products and services to customers, improve customer satisfaction, and promote a virtuous cycle that enables rapid business development. In the future, Tencent Cloud will continue to focus on fintech and cloud services, offering leading digital banking solutions to financial institutions worldwide and supporting product and business innovation in the financial industry.”

Felix Tao, Chief Technology Officer of Airstar Bank, said: “We are very pleased to partner with Tencent Cloud to successfully and smoothly complete the bank’s cloud migration. We anticipate significant optimization in terms of resource costs and workload as well as the complexity of infrastructure operations and maintenance. As a ‘user-oriented’ digital bank, we remain committed to providing our customers with more diverse products and services. This development not only helps reduce costs and enhance efficiency, accelerating product iteration, but the flexibility and scalability of the new core system will also assist Airstar Bank in dynamically adjusting resources to meet future business expansion and peak customer flow demands. In view of all this, we strive to build a more agile digital bank supported by cloud technology.” 

Airstar Bank adopted a layered architecture design to maintain the highest levels of security, utilizing partition isolation based on its unique business characteristics. Combined with Tencent Cloud’s comprehensive security product capabilities, they built a security protection system at key nodes to safeguard bank data comprehensively. The bank’s business data retrieval is also enhanced by integrating content acceleration and edge security through an edge security acceleration platform.

The financial industry, especially the banking sector, has very high requirements for the stability and security of IT systems. In terms of disaster recovery architecture, Tencent Cloud designed a multi-layer business disaster recovery architecture system for Airstar Bank, covering traffic access, business applications, and data storage. The overall system achieved a cross-AZ dual-active disaster recovery architecture, ensuring second-level rapid switching in the event of extreme failures. Relying on Tencent Cloud’s observability platform, they monitored the operational status of all business nodes in real time.

During the cloud migration process, phased data migration proved to be critical. Each stage of the process needed to be completed quickly within a limited time window to ensure that various bank businesses were not affected. Tencent Cloud provided the tools and expert services to help Airstar Bank adapt and implement the migration effectively with limited disruptions. During the critical database migration phase, an assessment tool helps to first generate a report, which allows the bank to evaluate its business workload. After completing code refactoring, data synchronization is carried out using Tencent Cloud’s DBbridge migration tool, ultimately switching business traffic to the cloud. The success rate of the overall cloud migration reached 100%, with no occurrence of business fallback or data rollback issues.

After completing the full cloud migration, Airstar Bank has seen significant improvements in high-performance data processing capabilities, along with a reduction in resource costs and the workload and complexity of infrastructure maintenance—estimated to lead to annual cost savings worth millions in the future. Additionally, the business systems can now fully leverage the diverse enterprise-grade commercial products available in the cloud to replace self-built open-source product components, significantly enhancing development efficiency and enabling agile application iterations and rapid responses to market changes.

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Airstar Bank:

Airstar Bank is a digital bank in Hong Kong with Xiaomi Corporation and Futu Group as its key shareholders. The Bank upholds the virtue of financial inclusion by making cutting edge digital banking services accessible at our customers’ fingertips. Airstar Bank has become a licensed bank under the Hong Kong Monetary Authority since May 9, 2019.

TCL Solar Debuts in Korean Market, Pioneering a New Era of Renewable Energy Innovation

DAEGU, South Korea, April 24, 2025 /PRNewswire/ — Pioneering New Asia Solar Partnerships, TCL Solar debuted its cutting-edge solar technologies at Korea International Green Energy Expo, the nation’s premier renewable energy event held at Daegu EXCO Convention Center. The showcase at Booth L-260 featured TCL Solar’s industry-leading Shingled, TOPCon and BC module technologies, drawing exceptional interest from attendees throughout the three-day exhibition.

This exhibition marks TCL Solar’s first appearance in Korea after completing its brand upgrade. As a strategic extension of TCL in renewable energy sector, TCL Solar deeply integrates the advantages of TCL Group, TCL Zhonghuan and SunPower. Relying on TCL’s global layout advantages, TCL Zhonghuan’s leading advantages in the vertical field of silicon wafers and SunPower’s revolutionary patented technology advantages in the research and development of multiple modules.

As the world’s 8th largest energy consumer and 7th biggest carbon emitter, Korea faces significant energy security and climate challenges. With 93.8% energy dependence on imports and only 8.2% renewable energy in its total energy mix, the country is actively transforming its energy landscape. Under the government’s “Carbon Neutrality by 2050” strategy, Korea plans to increase renewable energy generation to 30% by 2030, creating substantial market opportunities for global green energy leaders like TCL Solar.

TCL Solar showcased its full product lineup, including BC, TOPCon half-cut, and shingled modules during this big event, offering customers a wide range of choices for different scenarios. TCL Solar’s BC technology is built upon the legacy of SunPower. And it was fully acquired by TCL Zhonghuan in 2025. Its’ BC modules perfectly address Korea’s market characteristics with three core advantages: high efficiency, superior reliability, and premium aesthetics – particularly suitable for Korea’s limited land/roof resources, high architectural standards, and diverse environmental conditions. The exhibited G11RA-72P BC module demonstrates significant power generation improvement over mainstream TOPCon products through optimized performance in partial shading, temperature coefficient, operating temperature, and power linear attenuation.

While Korea remains one of the few GW-level PV markets globally, its high entry barriers and lengthy certification processes pose challenges. TCL Solar completed thorough preparatory work, with multiple shingled and half-cut module types already obtaining KS (Korean Industrial Standards) certification, establishing solid reputation and customer foundation in this steadily growing market. TCL Solar Shingled module adopts large-sized silicon wafer in various specifications, efficient TOPCon cell technology and high-density packing technology. Combined with a series of innovative technology such as 1/3 cut cell design and series parallel circuit design with independent intellectual property rights, it significantly improves product performance and reliability. Moreover, Shingled module pays attention to aesthetic feature, with consistent appearance and strong identification, making it perfectly integrated with various application scenarios.

During the exhibition, TCL Solar successfully signed module supply agreements with two renowned local companies in South Korea, Dabin E&C and Korea Green Power Co., Ltd. Both companies have long been deeply rooted in Korea market and have accumulated extensive experience in photovoltaic project development and operation. “We are very pleased to have this collaboration with TCL Solar. The performance and high efficiency of TCL Solar’s modules align perfectly with our requirements. We look forward to working hand in hand with TCL Solar to drive the development and transition of renewable energy in Korea.” Said representative from Korea Green Power Co., Ltd.

Moving forward, TCL Solar will continue to uphold its customer-centric philosophy, maintain a long-term commitment to technological research and development, and increase R&D investment. TCL Solar is dedicated to providing high-quality products and services for Korean photovoltaic market, promoting regional sustainable development, and fully supporting the achievement of Korea’s 2030 renewable energy goals.

Eastspring Investments Berhad Launches Asian Low Volatility MY Fund

New fund designed to help Malaysian investors navigate the current market environment with a focus on stability and risk mitigation.

KUALA LUMPUR, Malaysia, April 25, 2025 /PRNewswire/ — Eastspring Investments Berhad, part of Prudential plc, is pleased to announce the launch of the Eastspring Investments Asian Low Volatility Equity MY Fund (“Fund”) in Malaysia.

Mitigating Market Volatility with a Proven Strategy

The Fund feeds into the Eastspring Investments – Asian Low Volatility Equity Fund (“Target Fund”), leveraging on this proven low volatility strategy, which has demonstrated resilience and consistent performance across various market conditions. As highlighted by Michael Sun, Director of Quant Capability at Eastspring Investments, the Asian Low Volatility Equity (“ALVE”) strategy is well-suited to mitigate the volatility seen in today’s markets.

“Eastspring’s ALVE strategy has consistently provided robust downside protection while capturing as much of the market rally as possible. This is achieved through our systematic investment process, which adapts to market changes and dynamics, guiding us to invest in more resilient, less volatile names within sectors such as Financials, Utilities, Consumer Discretionary, and Industrials, and in markets such as China, Singapore and India“, said Michael Sun.

Key Benefits of the Fund

  • Resilient Returns Amid Market Ups and Downs: The Target Fund demonstrates lower volatility compared to its peers during market downturns. This encourages investors to stay invested, not miss the market’s best days, and benefit from compounding.
  • Differentiated Investment Process: The Target Fund selects stocks based on multiple factors, not just low volatility, to create a well-diversified and attractively valued portfolio. This approach is enhanced by quant style analysis, which incorporates factors such as low risk, quality, value, momentum and sentiment.
  • Expertise: The Target Fund is managed by an experienced team, who has been managing Low Volatility strategies since 2013, with an AUM of USD603 million as of 30 November 2024.

Navigating Trade Tensions and Geopolitical Risks

The current market environment is characterised by significant uncertainty due to factors such as deglobalisation, trade tariff protectionism, and geopolitical tensions. Michael Sun noted that the ALVE strategy is well-positioned to provide resilience in such conditions. “Our portfolio has underweight exposures to markets and sectors with higher US sales exposure, making it well-positioned to provide downside protection during trade tensions. By focusing on domestically oriented companies, the portfolio can offer resilience against export volatility.”

A Timely Solution for Investors

“As investors increasingly seek stability and risk mitigation without sacrificing returns, the Fund offers a timely solution. With the Target Fund’s track record of consistent performance and effective risk management, this Fund is designed to meet the needs of investors looking for a reliable investment option in today’s unpredictable market”, said Yap Siok Hoon, Chief Executive Officer of Eastspring Investments Berhad.

The Fund is available through participating banks and Eastspring’s licensed Unit Trust Consultants.  For more information about the Eastspring Investments Asian Low Volatility Equity MY Fund, please visit our website: www.eastspring.com/my 

About Eastspring Investments: 

Eastspring Investments, part of Prudential plc, is a leading Asia-based asset manager that manages USD 258 billion (as of 31 December 2024) of assets on behalf of institutional and retail clients. Operating since 1994, Eastspring Investments has one of the widest footprints among asset management companies across Asia*. We provide investment solutions across a broad range of strategies including equities, fixed income, multi asset, quantitative and alternatives and are committed to delivering high quality investment outcomes for our clients over the long term.

We incorporate ESG factors into our investment process and are aligned with a number of global sustainability initiatives including the United Nations-supported Principles for Responsible Investments (PRI) and the Asia Investor Group on Climate Change (AIGCC). We collaborate alongside industry peers to harness a collective investor voice to influence and drive change with investee companies.

About Eastspring Investments Berhad

Established in 2000 and based in Kuala Lumpur, Eastspring Investments Berhad (“EIMY”)  is part of Prudential plc, an international financial services group and has one of the widest footprints across the region. EIMY is one of the largest asset management companies in Malaysia in both institutional and retail segments, managing a total of 36 funds with approximately RM 69.2 billion of assets under management (“AUM”) as at 31 December 2024.

For more information on Eastspring Investments Berhad, please visit: www.eastspring.com/my 

*Eastspring Investments companies (excluding joint venture companies) are ultimately wholly owned/indirect subsidiaries of Prudential plc of the United Kingdom. Eastspring Investments companies (including joint venture companies) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

Important Information:

This advertisement has not been reviewed by the Securities Commission Malaysia (“SC”). This press release is solely for information purposes and does not constitute an offer or solicitation to anyone to invest in investment products. Past performance is not necessarily indicative of future performance. Investors are advised to read and understand the contents of the Fund Prospectus (“Prospectus”) and the Fund’s Product Highlights Sheet before investing. The Prospectus has been registered with the SC who takes no responsibility for its contents. The registration of Prospectus with the SC does not amount to nor indicate that the SC has recommended or endorsed the product. Any view, opinion, projection, or forecast on the economy, securities markets or the economic trends of the markets is not necessarily indicative of the future performance of Eastspring Investments or any funds managed by Eastspring Investments. An investment is subject to investment risks, including the possible loss of the principal amount invested. Whilst we have taken all reasonable care to ensure that the information contained in this document is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness. Any opinion or estimate contained in this document is subject to change without notice.

70 years later: Seeking answers in the Bandung Spirit again

BEIJING, April 25, 2025 /PRNewswire/ — A news report from China.org.cn on Bandung Conference:


70 years later: Seeking answers in the Bandung Spirit again

The Chinese Delegation has come here to seek unity and not to quarrel, to seek common ground and not to create divergence.

Seven decades ago, at the Bandung Conference, then Chinese Premier and Foreign Minister, Zhou Enlai, clearly stated the fundamental philosophy in China’s diplomacy, which also set the tone for the Bandung Spirit.

That was in 1955, a time when the world still suffered from the aftermath of the Second World War, and the United States and the Soviet Union were deep in rivalry. Amongst such a backdrop, 29 countries and regions from Asia and Africa initiated, convened, and attended the Bandung Conference. This conference and the Bandung Spirit which arose from it, signify the awakening of the Third World in political awareness. Asian and African countries who uphold nationalism stepped onto the international stage with an independent stance, and hand-in-hand, they started the chapter of South-South Cooperation.

For 70 years, although there have been problems and tensions among the Global South countries, the major trend continues to be negotiations on equal stances, mutual help and unity in strength. From the Non-Aligned Movement and the G-77 in the 20th century, which respectively opposed camp confrontation and appealed to a new global economic order, to the rise of platforms including BRICS and the Shanghai Cooperation Organization (SCO) in the 21st century, the Global South countries have constantly voiced their collective concerns, and have become a force not to be neglected in the international arena. They are a driver of inclusive economic globalization, a builder of equal and orderly multi-polarization, and a proactive leader of mutual learning and communication among civilizations. Take the economy and trade front as an example, now the Global South accounts for over 40% of the world’s GDP. From 2007 to 2023, South-South trade volume has increased from 2.3 trillion USD to 5.6 trillion USD. In the next five years, it is projected that the South-South trade will contribute about 70% of global economic growth.

Seven decades have passed. In 2025, the world is faced with new factors that endanger stability. 

Liu Haifang, Professor at Peking University: I think the paramount spirit to take away from the Bandung Conference is to galvanize the once-colonized and weak countries into developing their own capabilities to keep independent and take initiative.

So, faced with the challenges today, we may as well review the key takeaway from the Bandung Conference. Are we still able to safeguard a fair international order with joined hands? Are we developing countries still treating each other with an inclusive and open mindset where we seek common ground while shelving differences?

70 years ago, the Asian and African countries reached a consensus on independence and common development despite their different ideologies and social systems. 70 years later, with the pressure of development, countries all over the world can also think about how to forge new consensus amongst differences, and form institutional connections in negotiations. The Bandung Spirit has long transcended the framework of AsiaAfrica cooperation and South-South Cooperation; it has in fact provided a timeless example for South-North cooperation and even global governance.

The dynamism of current changes in the world originates from the South. We hope all the entities can follow the Bandung Spirit as guidance, and march towards modernization where there’s independence and thriving progress.

China Mosaic 
http://www.china.org.cn/video/node_7230027.htm 

Smartcom Expands into Indonesia to Strengthen Regional PTT Communications


SINGAPORE – Media OutReach Newswire – 25 April 2025 – Smartcom, a Mobile Virtual Network Operator (MVNO) in Singapore, is expanding its reach beyond the city-state into Indonesia. This initiative aims to bring Smartcom’s mission-critical Push-to-Talk (PTT) solutions to a significantly larger market, addressing the communication needs of various key industries.

Smartcom Expands into Indonesia to Strengthen Regional PTT Communications
Smartcom Expands into Indonesia to Strengthen Regional PTT Communications

Advancing from Local to Regional Mission-Critical Communications
Since 2015, Smartcom has partnered with TASSTA and Singtel to deliver reliable PTT communication coverage in Singapore. However, expanding into a larger and more diverse market like Indonesia presents new challenges.

Indonesia, the largest economy in Southeast Asia, offers a growing market for mission-critical communication solutions. With a developing digital economy, government initiatives like
“100 Smart Cities”, and a workforce of approximately 160 million, the country presents opportunities for expanded PTT services. Additionally, the adoption of TASSTA’s solutions by the Indonesian police force (Korlantas) and national railway operator (Kereta Api Indonesia) highlights the need for large-scale, reliable communication systems in key industries.

Meeting Industry-Specific Needs with Scalable Solutions
Indonesia’s industrial landscape, particularly in mining and oil and gas (O&G), differs from Singapore’s, creating a demand for specialised push-to-talk solutions. Large-scale events, such as national celebrations and religious gatherings, also require mission-critical PTT communication that remains functional despite high network congestion.

As part of its expansion, Smartcom is collaborating with Indonesia’s largest telecommunications provider, Telkomsel, to offer priority bandwidth during high-traffic events. Additionally, solutions designed for hazardous environments, such as ATEX-certified mobile phones and tablets, provide reliable tools for O&G companies that require safe, reliable communication in high-risk settings.

Driving Business Growth and Customer Value
Smartcom’s regional expansion is part of its long-term strategy to grow its customer base and extend services to new markets. By entering the Indonesian market, Smartcom aims to scale its offerings and strengthen its regional footprint.

With a broader customer base, the company aims to optimise economies of scale to enhance product range, customisation capabilities, and local technical support. Clients with operations in both Singapore and Indonesia may benefit from streamlined, cross-border PTT solutions that drive coordination.

This also demonstrates the adaptability of Smartcom’s business model in different markets. Unlike traditional PTT trunking operators, which often face regulatory and financial challenges when expanding internationally, Smartcom’s cellular-based technology offers a more flexible approach to regional operations.

Strengthening Partnerships and Technological Advancements
As part of its growth strategy, Smartcom is exploring partnerships with software providers in areas such as facilities management and service optimisation. These collaborations aim to enhance its PTT platform by integrating software solutions that support operational efficiency in various industries.

They are also working with Samsung Knox Mobile Device Management (MDM) to incorporate security measures into its cellular-based PTT communication solutions. As these systems rely on mobile networks, cybersecurity remains a key consideration in ensuring secure and uninterrupted communication for businesses.

Overcoming Challenges and Looking Ahead
Expanding into a new market comes with its challenges. To mitigate these, Smartcom has been working closely with Enterprise Singapore to better understand Indonesia’s business landscape. With support from the Market Readiness Grant, they have been able to address initial obstacles related to legal and market-entry requirements.

Looking ahead, Smartcom will continue to adapt its approach based on industry demands and regulatory developments in Indonesia. The company aims to refine its service offerings, assess potential expansion into other sectors, and explore further partnerships.

The official launch event for Smartcom’s Indonesia expansion will take place on 29th April, at BAKU Jakarta (Electronic City SCBD), starting at 12pm.
Hashtag: #Smartcom #PTTSolutions #PushToTalk #BusinessExpansion #IndustrySolutions




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

About Smartcom

is a licensed Mobile Virtual Network Operator (MVNO) based in Singapore, specialising in islandwide Push-To-Talk (PTT) communication solutions. Since its establishment in 2015, the company has been dedicated to delivering reliable PTT services tailored to industries such as oil and gas, healthcare, retail, and hospitality.

Horizon Robotics and Bosch Intensify Collaboration to Provide Assisted Driving Solutions for Multiple Automakers

SHANGHAI, April 25, 2025 /PRNewswire/ — Horizon Robotics (stock code: 9660.HK), a leading provider of smart driving solutions for passenger vehicles, and Bosch, a leading global supplier of automotive technology and services, signed a Memorandum of Understanding (MoU), to intensify their collaboration.

According to the agreement, Bosch will develop its new multi purpose camera based on Horizon Robotics’ Journey 6B, and its Bosch ADAS product family for mid segment using the Journey 6E/M, offering enhanced safety, convenience and comfort for both drivers and passengers. Bosch’s new multi purpose camera and its ADAS product family for mid segment, have been awarded design-wins from multiple OEMs.

At the signing ceremony, in the presence of Mr. Wang Weiliang, President of Bosch Mobility Board China, Mr. Christoph Hartung, President of Bosch Cross-Domain Computing Solutions, and Dr. Yu Kai, Founder and CEO of Horizon Robotics, and Mr. Lyu Peng, Vice President of Horizon Robotics and Head of Strategy, Smart Driving Product Planning & Marketing, Mr. Wu Yongqiao, President of Bosch Cross-Domain Computing Solutions China and Mr. Calvin Xing, Vice President of Horizon Robotics and Vice President of Automotive Business Unit, signed the strategic cooperation MoU.


Journey 6B Powered Bosch New Multi Purpose Camera Secures Projects with Several Global and Chinese OEMs
Developed using Horizon’s Journey 6B processing hardware, Bosch’s new multi purpose camera offers a cost-effective solution to support advanced safety and comfort functions for SAE Level 2 assisted driving. With mass production scheduled for mid-2026, the new multi purpose camera has already secured several design wins with global and Chinese OEMs.

Horizon’s Journey 6B is an optimized solution designed for next-generation ADAS systems, focusing on active safety features and engineered specifically as a standard configuration for the industry. Journey 6B allows partners to develop integrated systems that deliver superior performance, optimized cost efficiency and enhanced safety. 

Bosch ADAS Product Family for Mid Segment Based on Journey 6E/M Secures Projects with Five OEMs
Based on Journey 6E/M processing hardware, the Bosch ADAS product family for mid segment enables high-level ADAS features including urban navigation-based assisted driving, supporting up to 10 routes of urban memory driving and parking, and smooth parking with one move parking assist function. Currently, these platforms have secured contracts with five OEMs, including JeTour, Dongfeng, and BAIC, with the first mass-produced model scheduled for launch in June 2025. Additionally, its first overseas project is planned for mass production in Q1 2026, inaugurating Bosch ADAS product family for mid segment global expansion empowered by Horizon’s Journey 6 series.

As an optimal solution to popularize ADAS, Journey 6E/M has gained recognition in the industry for its high performance and cost efficiency. Over 20 OEMs have selected Journey 6, empowering more than 100 smart vehicle models. With its shipments projected to exceed 1 million units by 2025, Horizon is poised to become the industry’s first ADAS technology firm to surpass the 10-million-unit milestone by 2025.

Mr. Wang Weiliang, President of Bosch Mobility Board China said: “At this pivotal moment for vehicle intelligence, Bosch is fully engaged, partnering openly with industrial value chain companies such as Horizon Robotics. By combining our software and hardware expertise in embedded systems, we’re driving the smart mobility revolution together.”

Mr. Christoph Hartung, President of Bosch Cross-Domain Computing Solutions said: “China has become the world’s fitness center for automotive intelligence. With our deep-rooted expertise in safety technologies, global regulatory compliance experience, and comprehensive service network, Bosch serves as the ideal partner for Chinese OEMs to develop local solutions while also identifying opportunities for global scalability. We look forward to collaborating with outstanding partners like Horizon Robotics to jointly advance the global development of intelligent driving technologies.”

Dr. Yu Kai, Founder and CEO of Horizon Robotics said: “We are honored to collaborate with Bosch, a world leader in mobility solutions with a century-long heritage in the automotive industry. We look forward to leveraging our innovative product technologies in collaboration with Bosch to deliver ADAS solutions that meet market demands globally. By deepening our collaboration on the Journey 6 series with leading OEMs, we aim to bring safe, reliable, and enjoyable assisted driving experiences to drivers and passengers worldwide.”

The collaboration between Horizon Robotics and Bosch leverages the two companies’ combined expertise and competitive strengths to deliver state-of-the-art assisted driving technologies. This collaboration will support OEMs in enhancing consumers’ driving and traveling experiences – making them safer, smarter and more comfortable – while accelerating the global adoption of assisted driving mobility technologies.

About Horizon Robotics
With its mission to make human life safer and better, Horizon Robotics is a leading provider of smart driving solutions for passenger vehicles, empowered by its proprietary software and hardware technologies. Its solutions combine cutting-edge algorithms, purpose-built software and processing hardware, providing the core technologies for smart driving that enhance the safety and experience of drivers and passengers. Horizon Robotics is a key enabler for the smart vehicle transformation and commercialization with its integrated solutions deployed on mass scale.

About Bosch
In China, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial drives and control technology, power tools, household appliances, security and communication systems as well as thermotechnology solutions. Having established a regional presence in China in 1909, Bosch employs more than 56,000 associates (as of December 31, 2024). Bosch in China has generated consolidated sales of CNY 142.8 billion in fiscal 2024.

Additional information is available online at www.bosch.com.cn.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 417,900 associates worldwide (as of December 31, 2024). According to preliminary figures, the company generated sales of 90.5 billion euros in 2024. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 86,900 associates in research and development, of which nearly 48,000 are software engineers.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family.

The majority of voting rights are held by Robert Bosch Industrietreuhand KG. It is entrusted with the task of safeguarding the company’s long-term existence and in particular its financial independence – in line with the mission handed down in the will of the company’s founder, Robert Bosch.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

 

FOMO Pay Among First Design Partners in Circle Payments Network, Powering Real-Time Cross-Border Stablecoin Transactions

SINGAPORE, April 25, 2025 /PRNewswire/ — FOMO Pay, a leading major payment institution headquartered in Singapore, has been invited to join the newly launched Circle Payments Network (CPN) as one of its first design partners globally. As a member of the CPN, FOMO Pay will play a key role in advancing compliant, efficient, and real-time cross-border payments powered by regulated stablecoins.

Introduced by Circle, a global financial technology company and stablecoin market leader, the Circle Payments Network enables financial institutions and businesses to settle cross-border transactions in stablecoins with near-instant settlement. As one of the founding network partners, FOMO Pay will play a key role in the real-time settlement of cross-border payments using stablecoins, helping businesses and institutions transact seamlessly between fiat and stablecoins.

“As a member of the Circle Payments Network, FOMO Pay is proud to work alongside Circle to advance the adoption of compliant and fast stablecoin payments,” said Louis Liu, Founder and CEO of FOMO Pay. “In addition to FOMO Pay’s established local payment and banking rails across Southeast Asia, the Greater Bay Area, the Middle East and North Africa, Europe, and the United States, this collaboration with Circle positions us to support the growing regional demand for stablecoin-powered payments. “

By supporting real-time stablecoin transactions, FOMO Pay continues to help merchants, corporates, and financial institutions streamline cross-border transactions and accelerate trade settlement across markets.

About FOMO Pay

Founded in 2015, FOMO Pay is a Major Payment Institution licensed in Singapore, Hong Kong and the United Arab Emirates (UAE). The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia’s fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:

  • FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
  • FOMO iBank – Facilitate businesses’ everyday requirements for transactional banking needs
  • FOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

Visit www.fomopay.com for more information.