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VinFast collaborates with four Philippine partners for robust service network expansion


MANILA, PHILIPPINES – Media OutReach Newswire – 13 May 2025 – VinFast today announced the official signing of collaboration agreements with four reputable partners in the Philippines: Goodyear Philippines, Tire King and Rubber Products, Power Tread Services, and Marcjan Cavite. These partnerships are expected to play a key role in helping VinFast reach its goal of establishing over 100 authorized service workshops across the Philippines in 2025.

VinFast announced the official signing of collaboration agreements with four reputable partners in the Philippines, aiming to establish more than 100 electric vehicle service workshops this year.
VinFast announced the official signing of collaboration agreements with four reputable partners in the Philippines, aiming to establish more than 100 electric vehicle service workshops this year.

Under the newly signed Memorandums of Understanding (MOUs) and Service Level Agreements (SLAs), VinFast will collaborate with four experienced partners operating service centers across the Philippines to provide maintenance, repair, and electric vehicle care services in accordance with the Company’s global standards.

Specifically, VinFast and Goodyear Philippines will work closely with the goal of establishing 50 authorized VinFast service workshops in 2025. Similarly, Marcjan Cavite is expected to open eight workshops, while Tire King and Power Tread will each establish seven.

These authorized VinFast service workshops in the Philippines will adhere to stringent standards regarding facilities, machinery, equipment, and the professional qualifications of the technical teams. They will also prioritize the provision of genuine services and parts for VinFast vehicle owners.

As part of this collaboration, VinFast is committed to supporting its partners through personnel training programs, technical consultation, and experience sharing, aiming to rapidly expand the network of authorized service workshops.

These latest agreements – combined with previous MOUs signed with JIGA and Motech – will serve as a crucial stepping stone for VinFast to accelerate the development of its electric vehicle ecosystem in the Philippines, enhancing the after-sales experience for customers.

Mr. Pham Sanh Chau, CEO of VinFast Asia, shared: “The collaboration with experienced and insightful local players in the Philippines is a clear testament to VinFast’s enduring commitment to developing a comprehensive electric vehicle ecosystem here. This marks the beginning of promising partnerships, laying a solid foundation for VinFast to better serve customers and promote a green lifestyle throughout the nation.”

Nearly a year since its market entry in the Philippines, VinFast has steadily expanded its presence with its portfolio of smart EV models, attractive sales offerings, and a continuously refined after-sales support system. Across Southeast Asia, VinFast is actively pursuing the development of a comprehensive “For a Green Future” ecosystem, placing a strong emphasis on collaborative growth of charging infrastructure and service networks. This framework, established successfully in Vietnam, is now being extended to promising markets such as the Philippines.
Hashtag: #VinFast

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at

About Goodyear Philippines

Building on a strong global legacy, Goodyear Philippines is one of the country’s oldest and most trusted tire brands, operating since 1919. With the largest tire dealer network in the Philippines—comprising 84 service workshops nationwide—Goodyear offers a wide range of tire solutions, professional after-sales services, and advanced technologies for both personal and commercial vehicles.

About Marcjan Cavite

With 33 years of experience, Marcjan Cavite is a leading automotive service provider in Cavite province, offering a comprehensive range of services including wheel alignment, engine diagnostics, underchassis repairs, brake services, and transmission maintenance. The company currently operates six branches in Cavite, with plans to open two more, and is also exploring expansion into EV charging and vehicle dealership operations.

About Power Tread Services

Founded in 1995, Power Tread Services operates as a one-stop-shop automotive center, offering everything from tires, lubricants, and batteries to spare parts and mechanical repairs. The company runs seven branches across Bulacan, Tarlac, and Pampanga, serving customers across Central Luzon.

About Tire King and Rubber Products

With over 30 years of experience, Tire King and Rubber Products is a trusted family-run business specializing in automotive care in the Philippines. It currently operates two service centers in Antipolo and Marikina, providing services such as wheel alignment, tire balancing, underchassis maintenance, and fuel injector cleaning, with expansion underway into southern Metro Manila.

Goods Prices Stay High in Laos Despite Slight Dip in Inflation to 11.1% in April

Food Prices Affect Families in Laos Despite Easing Inflation
(Stock Photo)

Laos’ inflation rate edged down slightly to 11.1 percent in April, a modest decline from 11.2 percent in March and 12.7 percent in February, according to data from the Lao Statistics Bureau.

While this marks a slight improvement, the cost of living remains significantly elevated compared to a year ago.

The Consumer Price Index, which tracks changes in prices for everyday items like food, clothing, and medicine, also increased, from 243.3 in March to 247.1 in April. This reflects a Month-on-Month inflation rate of 1.6 percent, indicating a notable rise in prices over just one month.

This monthly increase has placed additional pressure on household budgets, particularly for essential items. Food and non-alcoholic beverage prices climbed by 2.3 percent, while healthcare and medical supplies rose by 1.6 percent.

The Lao Statistics Bureau attributed the uptick in prices to heightened consumer demand during the Lao New Year festival, when increased purchasing activity typically drives prices upward.

Additionally, a rise in fuel prices at the beginning of April further contributed to the overall increase in living costs.

0xmd Partners with SENAI CIMATEC to Launch Operations in Brazil


HONG KONG SAR – Media OutReach Newswire – 12 May 2025 – 0xmd, a global startup specializing in Generative Artificial Intelligence for healthcare, has entered into a strategic partnership with SENAI CIMATEC, one of Brazil’s leading technology and innovation institutions. This agreement marks the beginning of 0xmd’s operations in Brazil, expanding the company’s presence in the Latin American market.

The collaboration will see 0xmd bring its cutting-edge AI technologies to Brazil, including solutions for automated clinical exam analysis, medical image interpretation, and conversational diagnostic support. This partnership positions 0xmd as the first international healthtech to integrate with CIMATEC’s innovation ecosystem.

With existing operations in the United States and China, 0xmd aims to contribute to the democratization of healthcare access in Brazil by providing intelligent tools that support medical professionals in diagnosis, treatment planning, and personalized care. A key differentiator of 0xmd’s technology is its use of medical and healthcare large language models with natural language interfaces, such as clinical chatbots, that facilitate seamless interaction between healthcare providers and decision-support systems.

“Partnering with SENAI CIMATEC enables 0xmd to localize its solutions for the Brazilian market and scale its impact in the region,” said Allen Au, Chairman & Chief Architect of 0xmd. “SENAI CIMATEC’s strong reputation in innovation and research makes it an ideal partner to help us navigate the Brazilian healthcare landscape and ensure the successful integration of our technology.”

The initial phase of the project will focus on adapting 0xmd’s technology to Brazilian regulations and integrating with local healthcare systems. The partnership also aligns with the growing demand for AI solutions in the healthcare industry, particularly in areas such as image-based diagnostics, clinical report automation, and personalized therapies.

The partnership with SENAI CIMATEC reinforces 0xmd’s commitment to expanding its global impact and driving innovation in healthcare.

Hashtag: #0xmd

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

About 0xmd

0xmd Inc. is a pioneer in Generative AI healthcare solutions platform based in Hong Kong China and the US, specializing in Large Language Models (LLMs) and Large Visual Language Models (LvLMs) designed for medical applications. 0xmd is capable of providing 24/7 online diagnostic support that integrates both Western Medicine and Traditional Chinese Medicine, automation of clinical exam analysis, medical image diagnostics, as well as total health management solutions. The company is dedicated to transforming the healthcare landscape by optimizing healthcare systems, in order to make healthcare resources more equitable and accessible.

About SENAI CIMATEC

SENAI CIMATEC is Brazil’s leading technology and innovation center, comprising a Technological Center, a University, and a Technical School that operate in synergy. Established in 2002, it is a private, non-profit institution dedicated to Research, Development, and Innovation (RD&I), focusing on delivering advanced solutions to the industry. With expertise in 43 areas—including robotics, quantum computing, AI, energy, and sustainability—SENAI CIMATEC is committed to driving technological advancements to meet the evolving market needs. The institution develops and implements projects with national and international impact, collaborating with renowned institutions and partners worldwide.

Tenchijin Inc. Announces Partnership with PWS in Malaysia for KnoWaterleak Distribution


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 May 2025 – Tenchijin Inc., a leading space technology company, today announced a partnership agreement with PWS, Malaysia’s prominent water solutions provider, for the distribution of KnoWaterleak in key Malaysian territories as of May 1.

This strategic partnership combines Tenchijin’s innovative satellite-based water leak detection technology with PWS’s extensive network and expertise in the Malaysian water sector. PWS, which currently serves as the exclusive distributor for global industry leaders such as Diehl, Nivus, and Aichi Tokei, will leverage its established relationships with major water utilities to accelerate the adoption of KnoWaterleak throughout Malaysia.

Strategic Partnership Benefits

The collaboration aims to address critical water infrastructure challenges in Malaysia through:

– Integration of KnoWaterleak’s satellite-based monitoring system with existing water management infrastructure
– Enhanced leak detection capabilities for water utilities across the three regions
– Improved water conservation and infrastructure maintenance efficiency

Executive Comments

Yohei Nishiyama – VP of Business Development, Tenchijin Inc | Japan

“Our partnership with PWS represents a significant milestone in our expansion into Southeast Asia. Malaysia’s commitment to water infrastructure modernization perfectly aligns with our mission to revolutionize water management through space technology. Through this collaboration, we aim to demonstrate how satellite technology can transform the way we manage and conserve water resources. This partnership will not only benefit the Malaysian water sector but also serve as a model for sustainable water management across Southeast Asia.”

Mr. Desmond Lim, Managing Director, Premier Water Services

“PWS recognizes the transformative potential of KnoWaterleak’s technology for Malaysia’s water utilities. This partnership strengthens our portfolio of innovative solutions and reinforces our commitment to advancing water infrastructure management. By combining our extensive network and expertise with Tenchijin’s cutting-edge satellite technology, we are confident in our ability to deliver unprecedented value to water operators across Johor, Selangor, and Penang. This collaboration marks a new chapter in Malaysia’s journey towards smarter, more efficient water management systems.”

Market Implementation

The initial rollout will focus on:

– Comprehensive coverage of water networks in Johor, Selangor, and Penang
– Integration with existing water management systems
– Technical support and training programs for local utilities

Hashtag: #Tenchijin #KnoWaterleak #SatelliteTechnology #WaterLeakage #Sustainability #LeakageDetection



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

About PWS

PWS is Malaysia’s leading water solutions provider, with extensive experience in water utility management and strong relationships with major water operators across the country. As the exclusive distributor for several global water technology leaders, including Diehl, Nivus, Aichi Tokei, and TECHNOLOG UK, PWS has established itself as a trusted partner in Malaysia’s water infrastructure sector.

About Tenchijin

Tenchijin Inc. is a pioneering space technology company that develops innovative solutions for infrastructure management. Its flagship product, KnoWaterleak, utilizes satellite technology and advanced algorithms to detect and prevent water leaks, contributing to sustainable water resource management globally.

Company Overview
Company name: Tenchijin, Inc.
Address: Room 3, Ground Floor, Block 2330, Century Square, Jalan Usahawan, Off, Persiaran Multimedia, 63000, Cyberjaya, Selangor, Malaysia
Representative: Yasuhito Sakuraba, CEO
Business content: land evaluation consulting using satellite data

About Tenchijin COMPASS KnoWaterleak

Tenchijin COMPASS KnoWaterleak is an advanced cloud-based mapping service that leverages satellite data and AI technology to support efficient leak inspections for water utilities and contractors. Using data from multiple satellites and open data sources, it identifies high-risk areas for leaks within 100m square zones. A key feature of the system is its integration with digital water supply registers and distribution pipe maps, enabling centralized management of leak risk through a 5-level evaluation system. The intuitive interface enables real-time data monitoring, facilitating rapid leak detection and repair planning.

Through regular registration and management of leak locations, the AI continuously reassesses risk levels based on accumulated data, improving accuracy over time. Field demonstrations conducted with the Cabinet Office and various municipalities in 2022 have shown potential cost reductions of up to 65% in inspections and time savings of up to 85% in investigations.

The system has received high recognition for its technical excellence and ease of implementation, earning the Minister of Health, Labour and Welfare Prize at the 7th Infrastructure Maintenance Grand Prize.

Special site for Tenchijin COMPASS KnoWaterleak

For inquiries regarding the expansion of Tenchijin COMPASS KnoWaterleak in Asia, please contact the following:

Asia Business Development Div.
Contact: asia-t@tenchijin.co.jp

New record achieved: NTT DATA Business Solutions exceeds the previous year’s top figures in terms of both revenue and results

  • 2024/2025 saw a double-digit revenue growth of 14.7 percent to 1.85 billion euros
  • EBIT in three digits for the first time at 109.9 million euros (+35.9%)
  • Close to a 50 percent increase in cloud subscriptions
  • Proportion of international business tops 60 percent mark
  • Optimistic outlook despite global uncertainties


BIELEFELD, GERMANY – Newsaktuell – 12 May 2025 – NTT DATA Business Solutions AG reports record figures for fiscal year 2024/25 (key date: March 31, 2025). Despite geopolitical and economic uncertainties, the leading global SAP partner for the SME sector was able to outperform its dynamic growth from the record year of 2023/24: Double-digit revenue growth of 14.7 percent to 1.85 billion euros. Earnings before interest and taxes (EBIT) exceeded the 100 million euro mark for the first time, rising by 35.9 percent to 109.9 million euros. Earnings before interest, taxes, and amortization (EBITA) reached 138.3 million euros – an increase of 33.8 percent. The EBITA margin increased to 7.5 percent (previous year: 6.4%).

Norbert Rotter, CEO NTT DATA Business Solutions / Katrin Biller Fotografie
Norbert Rotter, CEO NTT DATA Business Solutions / Katrin Biller Fotografie

“Once again, we concluded a very strong fiscal year with double-digit growth rates for both revenue and results. This illustrates the trust we enjoy in the SME sector and the confidence placed in us by over 6,500 customers around the world,” says Norbert Rotter, CEO of NTT DATA Business Solutions. “We continue to be successful in our efforts to achieve sustainable and long-term growth: Our revenue has more than doubled since 2017. Despite the volatile market environment, our customers’ digital transformation remains a megatrend and a clear growth driver. Based on our decades of SAP expertise, we create genuine added value and strengthen the competitiveness of our customers across the globe.”

Cloud services and international business as growth drivers
The cloud subscription sales segment again proved to be a key growth driver in fiscal year 2024/25: Related revenues increased by 49.5 percent to 191.9 million euros. The division was thus able to maintain the pace of doubling its revenue every two years. The consulting business also made clear strides: Sales of 868.7 million euros represented growth of 12.8 percent. In the area of managed services, the company recorded an increase of 11.4 percent to 751.5 million euros.

The company also saw strong growth in its international activities, particularly in the regions of Western Europe (WE, +29.2%), Middle East, Türkiye & Africa (META, +46.3%), as well as Asia-Pacific & India (APAC, +25.5%). The company also recorded strong growth of 17.7% in North America and Brazil. The economically challenging domestic market of Germany/Austria/Switzerland (DACH) also experienced positive development with a further increase of 6.6 percent.

Transforming the global SME sector with innovations
According to Norbert Rotter, the SME sector must forge ahead with its digital transformation in order to remain successful in the long term. This applies particularly to the areas of cloud and artificial intelligence (AI). To this end, NTT DATA Business Solutions provides holistic support to companies around the world – from strategic consulting to implementation and day-to-day operations. “Based on our strength of innovation, we provide end-to-end solutions to key challenges, acting as a one-stop shop,” continues Norbert Rotter. “As part of the Japanese NTT/NTT DATA Group, we also benefit from a strong network that forms the basis for further sustained growth.”

The number of employees (currently 16,763) is also expected to increase further during the current fiscal year 2025. The aim is to expand the company not only in terms of its personnel but also strategically, for instance through targeted acquisitions. These efforts will focus on companies in key industries, such as life sciences, as well as companies that specialize in solutions based on SAP, Microsoft, or ServiceNow technologies, or that can add innovative software solutions to the ownIP portfolio.

Jürgen Pürzer, CFO NTT DATA Business Solutions / constantin ranke fotografie
Jürgen Pürzer, CFO NTT DATA Business Solutions / constantin ranke fotografie

“We are in a solid financial position and, as part of the NTT/NTT DATA Group, we have the resources to make targeted investments,” says Jürgen Pürzer, CFO of NTT DATA Business Solutions. “Particularly in these volatile times, our business model and our forward-looking, cost-efficient planning have proved to be robust. We therefore look to the future with confidence and expect to achieve growth of 4-6% in the current fiscal year, provided the ongoing geopolitical and economic challenges do not worsen further.”

Further information is available at nttdata-solutions.com.

Hashtag: #HEIDELBERG

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

About NTT DATA Business Solutions

is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 16,700 dedicated employees in over 30 countries work passionately every day to make it happen.

NTT DATA Business Solutions is part of , a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group.

Sahm App Version 2.0 Introduces Dark Mode and Major Feature Upgrades to Empower Users


RIYADH, SAUDI ARABIA – Media OutReach newswire – 12 May 2025 – Sahm App, the premier all-in-one trading platform trusted by over one million users, has launched Version 2.0, marking its most significant upgrade to date. The release introduces an array of powerful features, led by the highly requested Dark Mode.

Designed in response to community feedback, Dark Mode offers improved visibility in low-light settings while reducing eye strain—delivering a smoother, more comfortable trading experience. With vibrant, high-contrast interactive elements, users can now enjoy a bold new interface. The feature can be enabled in Sahm App Version 2.0 via Settings > General, where users can choose Light, Dark, or follow their device’s system settings.

But Version 2.0 goes far beyond aesthetics. With over 250 upgrades, the update transforms Sahm App into a smarter, faster, and more connected trading platform. Key enhancements include:

  • Concept Stocks: Themed investment ideas to help users track trends and sector movements in U.S. markets at a glance.
  • Smart Search: A redesigned search experience offering faster, more accurate results based on trading behavior.
  • Real-Time Stock Comments: Live discussion threads where over a million investors exchange ideas, market insights, and strategies.
  • Refreshed News Layout: An improved interface for browsing financial news—clearer, more structured, and easier to navigate.

Hadeel Bedeeri, General Manager of Sahm Capital, shared: “At Sahm, we put our users at the center of everything we do. Version 2.0 is not just an update—it’s our statement of intent. We’re giving every investor smarter tools, faster access, and a better way to trade with confidence.”

With a refined design and community-driven features, Sahm App 2.0 reinforces its mission to be the most intuitive and trusted trading platform in the region. The app is now available on the iOS App Store, Google Play Store, and Huawei AppGallery. New users can also enjoy a lifetime 70% discount on Saudi market commissions, capped at a maximum of SAR 3 per trade. For more information, visit: https://www.sahmcapital.com

About Sahm App:
Developed by Sahm Capital, licensed by the Capital Market Authority (CMA), the Sahm App is a trading platform tailored for investors in Saudi Arabia. It provides seamless access to both the Saudi and U.S. markets within a secure, regulated environment. With its intuitive interface and advanced investment tools, the app has quickly become one of the top three in the Free Finance category on Google Play, with more than one million users.

Hashtag: #SahmCapital #CMA#Tadawul




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

Sahm Capital

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit:

Zilliz Cloud Delivers Sub-10ms Latency and Cost Savings for AI-First Companies

AI innovators report faster performance, greater reliability, and lower infrastructure costs by switching to Zilliz’s fully managed vector database service.

REDWOOD CITY, Calif., May 12, 2025 /PRNewswire/ — Zilliz, creator of the world’s most widely adopted open source vector database Milvus, today shared how AI-first companies across industries are delivering faster, more reliable user experiences by adopting Zilliz Cloud. From conversational AI and healthcare intelligence to music generation, education, and AI companions, these companies are unlocking next-level performance with infrastructure purpose-built for vector search.

“As AI applications scale to millions of users, infrastructure becomes a make-or-break factor,” said Chris Churilo, VP of Developer Relations and Marketing at Zilliz. “Our customers consistently report sub-10ms latency and fewer outages after switching to Zilliz Cloud — all while keeping costs low enough to reinvest in innovation, not infrastructure.”

Real-World Results from AI-First Companies

Organizations implementing Zilliz Cloud are experiencing transformative performance improvements that directly impact their AI applications:

CX Genie: 2x Faster Queries with 24/7 Reliability for AI Chatbots

Singapore-based CX Genie doubled query performance after migrating to Zilliz Cloud, reducing latency to just 5–10ms across over 1 million embeddings. The team eliminated recurring downtime and improved global service reliability — critical for its always-on AI-powered customer support.

  • Latency: 2× faster, now 5–10ms
  • Uptime: Zero daily downtime
  • Costs: 70% infrastructure savings

Beatoven.ai: Accelerated AI Music Generation at Scale

Beatoven.ai, an AI-powered music creation platform, shortened generation time by 2–3 seconds per track after adopting Zilliz Cloud — improving creative workflows for its 1.5 million+ users.

  • Tracks: Over 6 million AI-generated
  • Speed: 2–3s faster music creation
  • Costs: 6× reduction in operational spend

Ivy.ai: Seamless Scaling for AI in Education

Ivy.ai powers AI chatbots for higher education and government institutions. As data volumes surged by 200%, Zilliz Cloud enabled them to maintain consistent response times without a single outage.

  • Data growth: +200%
  • Reliability: Zero outages
  • Consistency: Stable response times at scale

Dopple.ai: Smarter AI Companions with Better Context Recall

Dopple Labs uses Zilliz Cloud to store and retrieve long-term memory embeddings for Dopple.ai, its virtual AI companion. By improving context awareness across conversations, Dopple now offers more natural, personalized interactions.

  • Context: Improved memory across sessions
  • Interactions: More personalized, human-like dialogue

EviMed: Improved Accuracy for Medical AI

EviMed, a medical AI platform, integrated Zilliz Cloud to manage 350M+ medical knowledge entries. They achieved better search accuracy and faster responses while cutting system costs.

  • Accuracy: +10% in clinical search precision
  • Speed: +8% faster responses
  • Efficiency: 30% lower operational cost

Infrastructure That Accelerates AI Innovation

As vector search becomes foundational to LLMs, AI pipelines and applications, performance at the database layer is emerging as a key competitive advantage.

“Milliseconds saved in vector query time translate directly into more responsive and reliable AI,” added Churilo. “And with reduced operational overhead, our customers can focus on building — not firefighting.”

The results reported by Zilliz Cloud customers show that database infrastructure is no longer just backend plumbing — it’s a core driver of AI performance, reliability, and cost-efficiency. As vector embeddings become central to AI workflows, organizations are turning to purpose-built infrastructure like Zilliz Cloud to support real-time applications at scale. The ability to deliver sub-10ms latency, reduce outages, and cut operational costs gives AI teams a powerful edge in a competitive market.

Organizations seeking to enhance the performance and reliability of their AI applications can learn more about Zilliz Cloud at zilliz.com/cloud or contact sales for more details.

About Zilliz

Zilliz is an American SaaS company that builds next-generation vector database technologies, helping organizations unlock the value of unstructured data and rapidly develop AI and machine learning applications. By simplifying complex data infrastructure, Zilliz brings the power of AI within reach for enterprises, teams, and individual developers alike. Zilliz offers a fully managed, multi-cloud vector database service powered by open-source Milvus, supporting major cloud platforms such as AWS, GCP, and Azure, and is available across more than 20 countries and regions.

Headquartered in Redwood Shores, California, Zilliz is backed by leading investors including Aramco’s Prosperity7 Ventures, Temasek’s Pavilion Capital, Hillhouse Capital, 5Y Capital, Yunqi Partners, Trustbridge Partners, and others.

Markets Rally After China, US Slash Tariffs for 90 Days

Trump Stuns With Tariff Backtrack but Punishes China
This combination of pictures created on April 09, 2025 shows, L-R, Chinese President Xi Jinping in Beijing on February 6, 2025 and US President Donald Trump in Washington, DC on April 8, 2025. (Photo by Andres MARTINEZ CASARES and SAUL LOEB / various sources / AFP)

Stocks rallied Monday after Chinese and US officials held “substantial” trade talks and slashed their tit-for-tat tariffs for 90 days, fueling hopes the two sides will pull back from a standoff that has rattled global markets.

Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on 2 April, with the heftiest saved for Beijing, raising concerns of a trade war between the economic superpowers.

The US president eventually hiked the measures against China to 145 percent, which were met with retaliatory rates of 125 percent.

However, there have been signs of an easing of tensions and after two days of highly anticipated negotiations in Geneva, the two countries hailed progress towards ending a crisis that fueled fears of a global recession.

On Monday the two said they would slash their levies to cool tensions and give officials time to resolve their differences.

In a joint statement the US side said it would reduce tolls to 30 percent while Chinese tariffs would be cut to 10 percent.

That came after US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met Chinese Vice Premier He Lifeng and international trade representative Li Chenggang in the first known talks since Trump’s “Liberation Day” announcement.

“We’ve made substantial progress between the United States and China in the very important trade talks,” Bessent told reporters, while the White House has hailed what it called a new “trade deal”.

China’s He said the atmosphere in the talks was “candid, in-depth and constructive”, adding that they were “an important first step”.

Asian markets jumped, with Hong Kong up more than three percent while Shanghai also enjoyed healthy buying interest.

Tokyo, Sydney, Seoul, Taipei and Wellington were all in the green.

London, Paris and Frankfurt all rose more than one percent.

US futures surged more than one percent.

Mumbai jumped more than three percent after India and Pakistan agreed a ceasefire at the weekend following four days of missile, drone and artillery attacks between the two countries which killed at least 60 people and sent thousands fleeing.

Pakistan’s stock exchange rocketed more than nine percent.

Oil prices jumped more than three percent owing to speculation easing China-US tensions would help demand. The dollar also advanced one percent against the euro and yen.

Gold, which rallied last month over a rush to safe havens, extended losses.

“The initial reaction to the weekend US-China talks (is) predictably encouraging,” said Chris Weston at Pepperstone.

However, Karsten Junius at Bank J. Safra Sarasin was cautious.

“We expect financial markets to remain volatile over the coming months, as they have almost fully priced out negative economic surprises and could once again be disrupted by more serious obstacles in trade negotiations,” he said in a commentary.

“In all likelihood, things may still get worse before they get better.”

Investors are also awaiting the release this week of data on US inflation and retail sales, which will provide a fresh snapshot of the world’s biggest economy since the tariffs were first unveiled.


© Agence France-Presse