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Shanghai to Host Historic Esports Spectacle as Hero Esports ACL Grand Finals Venues Revealed

Asia’s Premier Multi-Game Championship Unites Nine Esports Titles Across Three Iconic Shanghai Venues This May

SHANGHAI, April 24, 2025 /PRNewswire/ — The HERO ESPORTS Asian Champions League (ACL), Asia’s most prestigious multi-title esports tournament organized by Hero Esports, an industry leader and the largest esports company in Asia, has announced its championship venues for the ACL Grand Finals 2025 taking place May 16-18 in Shanghai. The landmark event will transform three of the city’s most iconic venues into battlegrounds for nine premier esports titles, cementing Shanghai’s status as the global esports capital.

The tournament is expected to attract 80,000+ live attendees across three venues, with global broadcasts reaching millions via Twitch, YouTube, and TikTok. Participating teams will be competing for a total prize pool of $2 million. Selected ACL winners will earn direct entry to the Esports World Cup in Riyadh, Saudi Arabia—the largest esports event in history due to take place from July to August.

Venue and Event Lineup

1. SPD Bank Oriental Sports Center (Esports Coliseum)
   – ACL Grand Finals 2025 X CS2
   – ACL Grand Finals 2025 X HOK
   – ACL Grand Finals 2025 X League of Legends Legend Cup S3
2. JING’AN SPORTS CENTER (Tactical Esports Arena)
   – ACL Grand Finals 2025 X Valorant Champions Tour
   – ACL Grand Finals 2025 X CrossFire
3. National Exhibition and Convention Center (Global Gaming Festival Hub)
   – ACL Grand Finals 2025 X DOTA2
   – ACL Grand Finals 2025 X Street Fighter 6
   – ACL Grand Finals 2025 X Teamfight Tactics
   – ACL Grand Finals 2025 X Delta Force


Event Highlights
DreamHack’s China Debut: The world’s largest gaming festival joins forces with ACL, delivering an unprecedented fusion of esports, music (electronic/rap), and interactive gaming culture experiences.
Path to Glory: Top performers will secure direct qualification to the 2025 Esports World Cup (EWC) in Riyadh – esports’ richest tournament with historic prize pools.
Asia’s Defining Moment: Over 80,000+ live attendees expected across three venues, with global broadcasts reaching millions via Twitch, YouTube, and TikTok.

Executive Insights

Shanghai’s selection as our host city reflects its unmatched esports infrastructure and passionate community,” said Jonny Wang, ACL CEO. “By combining elite competition with DreamHack’s festival energy, we’re creating a new blueprint for global esports events.”

“This is Hero Esports’ most ambitious project to date,” added Danny Tang, Co-Founder & CEO of Hero Esports. “The ACL bridges Asian talents with the world stage while delivering unforgettable fan experiences through cutting-edge production.”

About the HERO ESPORTS Asian Champions League

The HERO ESPORTS Asian Champions League (ACL) is currently the premier and largest international multi-title esports event in Asia. Hosted by leading esports company Hero Esports, the tournament boasts a total prize pool of $2 million. This year, the inaugural ACL features nine premier esports titles, including Counter-Strike 2, Dota 2, Honor of Kings, Street Fighter 6, League of Legends Legend Cup S3, Teamfight Tactics, VALORANT Champions Tour, Delta Force and CrossFire.

The ACL Grand Finals 2025 (May 16–18, Shanghai) will partner with DreamHack, uniting elite players, gaming tech, and fans. Selected ACL winners will earn direct entry to the Esports World Cup in Riyadh, Saudi Arabia—the largest esports event in history.

For more info, please check ACL official website: https://esportsacl.com/home

About Hero Esports

Founded in 2016, Hero Esports is the biggest esports company in Asia, producing more than 7,000 matches every year that captivate an online fan base of over 800 million. With a global presence encompassing 12 office locations and eight top-tier esports arenas, Hero Esports offers a comprehensive suite of esports services, including tournament organization, marketing solutions, community development, and more. As a private company, Hero Esports counts Savvy Games Group and Tencent, among others, as investors, with Kuaishou and Huya as strategic partners.

Headquartered in Shanghai and employing more than 1,100 employees, Hero Esports is a fully integrated operator of esports tournaments and creator of esports content with global reach. The company has helped produce many prestigious tournaments including the Olympic Esports Week, the Esports World Cup as well as the esports series featured at both the Jakarta Asian Games 2018 and the Hangzhou Asian Games 2023. Hero Esports also worked with the world’s top-tier game publishers such as Tencent and Krafton in organizing popular esports leagues such as the Honor of Kings’ KPL series and PUBG’s PGC series, among many others. In 2024, Hero Esports launched Esports Asian Champions League (ACL), Asia’s premier international, multi-title esports tournament. Hero Esports is a member of the Esports Integrity Commission (ESIC).
www.heroesports.com 

 

Tuya Filed 2024 Annual Report on Form 20-F and Released Environmental, Social and Governance Report

SANTA CLARA, Calif., April 24, 2025 /PRNewswire/ — Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”) on April 24, 2025, U.S. Eastern Time. The annual report can be accessed on the Company’s investor relations website at ir.tuya.com and on the SEC’s website at www.sec.gov. The Company will also provide a hard copy of its annual report on Form 20-F for the fiscal year ended December 31, 2024 including the complete audited financial statements, free of charge, to its shareholders and American Depositary Share holders upon written request.

The Company also announced today that it has released its Environmental, Social and Governance (“ESG”) Report to highlight the Company’s ESG strategies, accomplishments, and progress towards its sustainability goals. To view the report in full, please visit: ir.tuya.com.

About Tuya Inc.

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AIoT developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its AIoT developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.

Investor Relations Contact

Tuya Inc.
Investor Relations
E-mail: ir@tuya.com

The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.co

HL Stategy
Haiyan LI-LABBE
Email: hl@hl-strategy.com

 

TurboAI and Highrise.AI Enable Next-Gen AI Projects at AGI House Hackathon

SAN FRANCISCO, April 24, 2025 /PRNewswire/ — At the AGI House AI x Commerce Build Day hackathon in San Francisco, Highrise.AI, a premier AI-driven cloud services integrator based in the U.S., partnered with TurboAI, a leading global provider of GPU cloud solutions, to support the event with advanced development tools. The success of this hackathon highlighted the two companies’ collaborative contributions in advancing global GPU cloud computing capabilities.

Highrise.AI and TurboAI share a longstanding partnership. By combining TurboAI’s cutting-edge bare-metal services and MaaS solutions with Highrise.AI’s compute cloud offerings, the two companies aim to redefine the democratization of AI cloud computing through globally interconnected networks for AI enterprises and developers. Together, they empower organizations with unmatched access to vast GPU resources, standardized pricing, and seamless global integration.

“Hackathons and coding competitions are fantastic demonstrations of the need for efficient AI infrastructure,” said Pany Pang, Chief Technology Officer of TurboAI. “Given the time limit and pressure for results, the underlying technology be optimized to support diverse and dynamic workloads. Achieving this efficiency requires innovation in model and resource profiling, scheduling, and system design. Whether it’s in competitions or real-world development, TurboAI’s mission has always been to provide the most efficient AI infrastructure available, empowering everyone to turn energy into business value.”

TurboAI’s platform is ideal for training new models from scratch, fine-tuning pretrained models, and everything in between. It offers strong compatibility with popular open-source models and dynamically scales computing power based on workload demands.

This flexibility played a crucial role during the hackathon, where it processed tens of thousands of requests from participants under heavy multi-model workloads. In addition to their private models, participants were able to quickly deploy public models such as Deepseek-R1 and Qwen-QwQ. In total, over 30 teams built, tested, and deployed their visionary AI-integrated business solutions using TurboAI’s model-as-a-service (MaaS) platform.

Congratulations to Taste Space, ExecuMate, and Giftcards MCP for their honors at the hackathon.

About TurboAI

Founded in 2024, TurboAI is a leading provider of scalable, high-performance GPU cloud solutions, purpose-built to accelerate AI research, development, and deployment. By democratizing cutting-edge infrastructure, TurboAI empowers businesses to unlock the full potential of AI. TurboAI complements highly scalable services with a transparent, all-inclusive pricing model that eliminates hidden fees to discover business value. The company has headquarters in Singapore and Japan, with a robust R&D center in the U.S.

Learn more at Turbo-ai.com.

Newborn Town Announces Q1 2025 Operating Data: Revenue Expected to Exceed RMB 1,500 Million, Up 41.5% to 48.1 %, Fueled by Explosive Growth in Social and Innovative Businesses

HONG KONG, April 24, 2025 /PRNewswire/ — Newborn Town Inc. (Newborn Town or the company, stock code: 09911.HK), a leading global social entertainment company, released its unaudited operating data for the first quarter of 2025.

For the three months ended 31 March 2025, the company’s total revenue is estimated to reach RMB 1,500 million to RMB 1,570 million, reflecting a year-on-year increase of approximately 41.5% to 48.1%. Revenue from social networking business amounted to approximately RMB 1,345 million to RMB 1,395 million, representing a year-on-year increase of approximately 39.1% to 44.3%. The innovative business saw a year-on-year growth of about 66.7% to 88.2%, as the segment’s revenue recorded approximately RMB 155 million to RMB 175 million.

Social Networking Business Sees Explosive Growth Driven by AI Technology

According to the announcement, the significant growth in social networking business revenue was attributable to the proactive adoption of AI technology, which has contributed to the expansion of its diverse suite of social applications. Over recent years, Newborn Town has deepened the integration of AI into its business operations, guided by the strategy of “AI Empowerment + Localized Operations + Global Expansion”, yielding increasingly tangible outcomes.

Earlier this year, Newborn Town introduced its self-developed multimodal algorithm model, Boomiix, which has enhanced user experiences and monetization potential through precise user behavior analysis and optimized recommendations. With continuous upgrades to Boomiix and its deeper integration across the business scenes and processes, the company’s social apps have achieved comprehensive growth in the first quarter, along with improvements in both revenue scale and commercialization efficiency.


Noteworthy progress was seen in the market performance of the company’s social products, SUGO and TopTop, which have bolstered their competitiveness. According to data from Sensor Tower, during the period from January 1 to March 31, 2025, SUGO and TopTop respectively ranked 9th and 14th in the social apps category on the App Store’s revenue rankings for the Middle East.

The company’s diverse-audience social networking business also delivered outstanding performance in overseas markets. By optimizing social features, nurturing community ecosystems, and hosting branded events, HeeSay solidified its leadership in key markets such as Southeast Asia. Sensor Tower’s data indicates that HeeSay ranked among the top 20 social apps by revenue on Google Play in Southeast Asia during the first quarter of 2025.

Innovative Business: Quality Games Propel Revenue Growth, While Social E-commerce Expands Rapidly

According to the announcement, the growth in revenue from the innovative business segment was driven by the steady development of social e-commerce and continuous contributions from quality games.

Newborn Town’s quality games business began contributing revenue to the listed company in the fourth quarter of 2024, signifying a successful entry into the global gaming arena. With the increasing application of AI across all stages of game development and operations, the quality games business is poised to deliver further commercial value, reinforcing the company’s second growth curve.

In the first quarter, Newborn Town’s social e-commerce business also experienced rapid growth. This business, centered around Heer Health, a leading privacy-focused health e-commerce platform, achieved remarkable revenue growth in 2024, demonstrating robust potential in the company’s innovative business segment.

Newborn Town Repurchased Over 100 Million Shares in Two Years

Amid rapid business growth, Newborn Town has intensified its share repurchase efforts. On March 20, 2025, the company announced plans to allocate up to HKD 200 million over the next two years to an independent professional trustee for the repurchase of company shares via a restricted share unit plan. Notably, this follows a similar-scale repurchase plan announced on December 13, 2024, underscoring the company’s strong confidence in its business expansion potential.

According to an announcement on April 17, 2025, the company has purchased over 100 million shares from the market over the past two years. The board believes that these repurchases reflect the company’s confidence in its business outlook and prospects, ultimately benefiting the company and creating value for shareholders.

Newborn Town’s strategy of “AI Empowerment + Multi-market Breakthrough” continues to deliver results, fueled by the all-around advancement in the company’s product innovation, localized operation and business growth, as well as the AI-powered commercialization efficiency. As a result, the Company’s social networking and innovative businesses—the dual growth engines of Newborn Town—are gaining momentum.

Moving forward, Newborn Town will strengthen its market presence in the Middle East while expanding globally to create more positive emotional value for users.

Forward Networks Enhances Network Digital Twin with Advanced Endpoint Collection to Strengthen Security Compliance and Eliminate Tool Sprawl

Forward Enterprise delivers the most comprehensive, always-accurate network inventory available—empowering teams to manage, secure, and simplify modern enterprise networks

SANTA CLARA, Calif., April 24, 2025 /PRNewswire/ — Forward Networks, the leader in network digital twin technology, today announced significant enhancements to its Forward Enterprise platform: the addition of endpoint discovery and collection capabilities. These advancements enable security and operations teams to meet growing compliance demands, reduce reliance on disconnected tools, and gain unified visibility into all network-connected devices by delivering a comprehensive, always-accurate network inventory.

As the number and diversity of network endpoints—such as laptops, IoT devices, printers, and controllers—continue to grow, traditional endpoint collection tools fall short. Legacy tools operate in silos, provide incomplete data, and require extensive manual effort to master and maintain. The result is tool sprawl, wasted time, excessive cost, and increased risk. Forward Networks addresses this challenge by integrating endpoint discovery, collection, and analysis into its network digital twin, creating an always-accurate representation of every connected device and its behavior across the enterprise network.

“We continue to extend the data analysis and visibility of Forward Enterprise to help our customers keep their networks and interconnected devices agile, predictable, and secure,” said Chiara Regale, SVP of Product and UX at Forward Networks. “With these enhancements, teams can improve operational efficiency, meet compliance requirements more easily, and reduce dependence on single-purpose legacy tools —enabling them to do more without adding headcount.”

Forward Enterprise is known for its unmatched ability to deliver an always-accurate inventory of network devices, including their configurations and state. This data enables NetOps and SecOps teams to fully understand network behavior, ensure compliance, prevent outages, and reduce risk. Historically, this capability focused on L2–L7 packet-pushing devices. With this announcement, Forward Networks has expanded its platform to include endpoints such as IoT devices, controllers, and end-user systems—effectively anything connected to the network with a controller, thus delivering the industry’s most comprehensive single-source-of-truth for network data.

The updated endpoint collection feature leverages Forward Networks’ powerful Network Query Engine (NQE) to provide:

  • Automated discovery of all connected endpoints, regardless of type or location
  • Rich contextual analysis of device connectivity and exposure
  • Real-time reconciliation across data sources such as DNS, IPAM, host scanners, and CMDBs
  • Proactive alerts for inventory discrepancies or security-relevant changes
  • Built-in compliance checks and audit-ready documentation

These capabilities are fully integrated into the Forward Enterprise platform, allowing customers to replace fragmented legacy tools with a single, unified solution. By consolidating endpoint, network, and security data into one platform, organizations can dramatically reduce complexity, improve accuracy, avoid outages, and accelerate their response to risk. Learn more about the feature here.

Forward Enterprise is the only true network digital twin, delivering a mathematically accurate model of the entire network—including on-prem, cloud, and hybrid environments. Supporting 30+ vendors and 900+ OS versions, it offers unmatched visibility and compliance insights. Its unique, read-only data collection discovers unknown devices and integrates with CMP for a complete, risk-free view. Scalable to 50,000+ devices per instance, it eliminates silos and delivers $14.2M in average annual benefits through improved efficiency and security.

Visit us at RSA Conference San Francisco, April 28 – May 1, 2025

Forward Networks is a Bronze Sponsor at RSA Conference 2025, visit us at booth S-1055. If you’d like to see the platform in action but don’t want to wait in line, please pre-book a demo.

About Forward Networks
Forward Networks is revolutionizing the way large networks are managed. Forward’s advanced software delivers a digital twin of the network, enabling network operators to ensure the network is secure, reliable, and agile. The platform supports devices from all major networking vendors and cloud operators, including AWS, Azure, and Google Cloud Platform. Forward Networks was founded in 2013 by four Stanford Ph.D. graduates and is headquartered in Santa Clara, California. Investors include MSD Partners, Goldman Sachs, Andreessen Horowitz, Threshold Ventures, Section 32, Omega Venture Partners, and A. Capital. For more information, visit www.forwardnetworks.com.

Forward Networks Contacts:
Dustin Rausa, Guyer Group
dustin.rausa@guyergroup.com

Dawn Slusher, Forward Networks
dawnslusher@forwardnetworks.com

 

Mabwell to Present Clinical Data of 9MW2821 Combined with Toripalimab in Patients with UC in an Oral Presentation at 2025 ASCO

SHANGHAI, April 24, 2025 /PRNewswire/ — Mabwell (688062.SH), an innovation-driven biopharmaceutical company with an entire industry chain, announced that the Phase Ib/II clinical study results of the novel Nectin-4-targeting ADC 9MW2821 combined with toripalimab in patients with locally advanced or metastatic urothelial carcinoma will be presented in an oral presentation at the American Society of Clinical Oncology (ASCO) annual meeting in Chicago, USA, May 30-June 3, 2025. Clinical data from 3 ADC clinical studies will also be published as poster presentations at the meeting.

Oral Presentation

1. Title: 9MW2821, a novel Nectin-4 antibody-drug conjugate (ADC), combined with toripalimab in treatment-naive patients with locally advanced or metastatic urothelial carcinoma (la/mUC): Results from a phase 1b/2 study.
Abstract Number for Publication: 4519
Presenter: Prof. Sheng Xinan, Chief Physician, Dept. of Urologic Oncology (Beijing Cancer Hospital)
Session Type and Title: Rapid Oral Abstract-Genitourinary Cancer-Kidney and Bladder
Session Date and Time:  5/31/2025, 1:15 PM-2:45 PM CDT

Poster Presentation

1. Title: Results from a phase 1/2 study of 7MW3711: A novel B7-H3 antibody-drug conjugate (ADC) incorporating a topoisomerase I inhibitor in patients with advanced solid tumors.
Abstract Number: 3035
Session Type and Title: Poster Session – Developmental Therapeutics – Molecularly Targeted Agents and Tumor Biology
Poster Board: 350
Session Date and Time: 6/2/2025 1:30 PM-4:30 PM CDT

2. Title: Results from a phase 1/2 study of 7MW3711: A novel B7-H3 antibody-drug conjugate (ADC) incorporating a topoisomerase I inhibitor in patients with lung cancer.
Abstract Number: 3036
Session Type and Title: Poster Session – Developmental Therapeutics – Molecularly Targeted Agents and Tumor Biology
Poster Board: 351
Session Date and Time: 6/2/2025 1:30 PM-4:30 PM CDT

3. Title: A first-in-human clinical study of 9MW2921, a novel TROP-2 antibody-drug conjugate (ADC), in patients with advanced solid tumors.
Abstract Number: 3029
Session Type and Title: Poster Session – Developmental Therapeutics – Molecularly Targeted Agents and Tumor Biology
Poster Board: 344
Session Date and Time: 6/2/2025 1:30 PM-4:30 PM CDT

About Mabwell

Mabwell (688062.SH) is an innovation-driven biopharmaceutical company with the entire value chain of the pharmaceutical industry. We provide more effective and accessible therapy and innovative medicines to fulfill global medical needs. Since 2017, an advanced R&D system which covers target discovery, early discovery, druggability, preclinical, clinical research and manufacturing transformation was established. Mabwell has 16 pipeline products in different stages based on a world-class and state-of-the-art R&D engine, including 12 novel drug candidates and 4 biosimilars. We focus on the therapeutic areas of oncology, immunology, bone disorders, ophthalmology, hematology and infectious diseases, etc. Of these, 3 products have been approved and commercialized, 1 product has been filed for market approval, 3 products are in pivotal trials. We have also undertaken 1 national major scientific and technological special project for “Significant New Drugs Development”, 2 projects for National Key R&D Programmes, and multiple provincial and municipal science and technological innovation projects. Mabwell’s Taizhou factory possesses robust in-house manufacturing capability compliant with international GMP standards regulated by the NMPA, FDA and EMA, and has passed the EU QP Audit. The large-scale manufacturing base in Shanghai and the ADC commercialized manufacturing base in Taizhou are under construction. Our mission is “Explore Life, Benefit Health” and our vision is “Innovation, from ideas to reality”. For more information, please visit www.mabwell.com/en.

Forward-Looking Statements

This press release contains forward-looking statements including, but not limited to, the potential safety, efficacy, regulatory review or approval and commercial success of our product candidates and those relating to the Company’s product development, clinical studies, clinical and regulatory milestones and timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. “Forward-looking statements” are statements that are not historical facts and involve a number of risks and uncertainties, which may cause actual results to be materially different from any future results expressed or implied in the forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions and the negatives of those terms.

Forward-looking statements are based on the Company’s current expectations and assumptions. Forward-looking statements are subject to a number of risks, uncertainties, and other factors, many of which are beyond the Company’s control, including, but not limited to: environment; politic; economy; society; legislation; our dependence on our product candidates, most of which are still in preclinical or various stages of clinical development; our reliance on third-party vendors, such as contract research organizations and contract manufacturing organizations; the uncertainties inherent in clinical testing; our ability to complete required clinical trials for our product candidates and obtain approval from regulatory authorities for our product candidates; our ability to protect our intellectual property; the potential impact of COVID-19; the loss of any executive officers or key personnel. In case one or more of these risks or uncertainties deteriorate, or any assumptions are incorrect, the actual results may be seriously inconsistent with the stated results.

The Company cautions all the persons not to place undue reliance on any such forward-looking statements, which speaks only as of the date of this press release. The Company disclaims any obligation, except as specifically required by law and the rules of the applicable Stock authority to publicly update or revise any such statements to reflect any change in expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. All forward-looking descriptions, figures and assumptions in this press release are applicable to this statement.

Binance Launches Fund Accounts – the First Crypto Exchange Solution Lowering the Entry Barrier to Crypto for Fund Managers

Mirrored on traditional finance account infrastructure, fund managers can now set up omnibus accounts on Binance to streamline investment trading strategies and focus on growth

DUBAI, UAE, April 24, 2025 /PRNewswire/ — Binance, the global blockchain ecosystem trusted by over 270 million users worldwide, today announced Fund Accounts, the first digital asset exchange technological solution for fund managers to facilitate pooling of their investors’ assets to streamline fund management operations and enhance trading efficiency. Powered by Binance’s robust account management infrastructure and technology, Fund Accounts reduces friction for fund managers with a new and efficient way to manage investor capital on the world’s largest cryptocurrency exchange by trading volume.

Mirrored on account infrastructure available in traditional finance, Binance Fund Accounts allows fund managers to consolidate externally-raised investor funds into one or multiple omnibus Fund Accounts based on their preferred trading strategies. This plug-and-play account infrastructure enables fund managers to operate with greater flexibility and efficiency, freeing them to focus on strategy execution to deliver for their investors. Until now, fund managers trading on crypto exchanges could only manage each of their investor’s assets individually in segregated trading accounts, limiting the managers’ ability to streamline and scale for performance as they usually do in traditional fund management.

Bringing TradFi user experience and trust to crypto asset management

Binance Fund Accounts introduce a universal net asset value (NAV) per unit concept widely used in TradFi to provide a clear and trackable profit-and-loss (PnL) for each fund and will address the lack of a common market standard in crypto asset management. The NAV per unit calculation will give transparency to fund managers and their investors, and also ensure that each respective investor is only able to withdraw the assets that they’re entitled to.

Fund managers will have trading capabilities over the fund accounts while deposits and withdrawals are limited to their investors, giving investors the confidence their assets are securely kept on Binance. This will foster trust in the growing crypto asset management sector and remove barriers for emerging fund managers to address counterparty risk concerns of investors.

Investors and fund managers would need to enter into a separate agreement regarding subscription and redemption, ensuring transparency and clarity in the asset management process. This framework is modeled after traditional finance to provide fund managers with more cohesive management of investor capital and reduces complexity, offering fund managers and their investors a TradFi-like user experience they are familiar with.

Head of Binance VIP & Institutional, Catherine Chen, says: “Fund managers are seeking efficient, scalable solutions to adapt their strategies to the ever-evolving crypto landscape. Binance Fund Accounts is a plug-and-play tool that lets fund managers streamline investment management, allowing them to focus on strategy execution and efficient capital deployment. Our technology solution empowers fund managers to offer a more seamless and flexible approach to digital asset management while ensuring that their investors can benefit from the security and deep liquidity Binance is known for. We are excited to continue leading the way in transforming how institutional clients engage with digital assets.

Key benefits of Fund Accounts include:

  • Streamlined Portfolio Management: Fund Accounts significantly reduces the operational complexity associated with managing multiple accounts by consolidating investor assets into a single omnibus account. This enables fund managers to execute strategies more efficiently, reducing time and effort spent on individual account adjustments.
  • Flexibility in Strategy Execution: The flexibility to create multiple fund accounts allows managers to deploy different trading strategies tailored to each fund while maintaining an efficient, centralized structure for all investor assets. This enables fund managers to focus on strategic decision-making rather than operational overhead.
  • Investor Diversification: With the functionality of setting up multiple fund accounts, fund managers can attract a variety of investors based on their risk appetite and thus set up fund accounts with tailored trading strategies accordingly.
  • Net Asset Value (NAV) Per Unit standard: Fund Accounts introduces a universal NAV per unit concept widely used in TradFi to provide a clear and trackable PnL for each fund, setting a common standard for the crypto asset management market. The NAV per unit standard provides transparency for both fund managers and their investors, makes it easier for managers to communicate fund performance, and enables the calculation and tracking of each investor’s entitlement in each investment fund.
  • Foster Trust between Fund Managers and Investors: Binance’s robust account management infrastructure ensures investors’ assets are securely kept on the world’s largest crypto exchange, while enabling fund managers flexibility and scalability in their trading execution and operations. This will cultivate trust in the growing crypto asset management sector and remove barriers for emerging fund managers to compete.
  • Business Growth and Scaling: Fund managers can now effectively scale up their fund size exponentially without incurring incremental operational costs as the funds are pooled for efficient management and execution. This addresses a long-standing pain point for fund managers when investing in digital assets, given that it is difficult and expensive to scale when managing multiple segregated accounts.

Binance continues to lead the market in meeting demand for solutions that bridge the gap between crypto and TradFi for institutional users. Other first-in-market solutions pioneered by Binance include banking triparty to address counterparty risk concerns, and Binance Wealth  which enables wealth managers to support their high-net-worth clients’ crypto journey.

Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. Binance offers the Fund Account function as a purely technological solution to meet the needs of fund managers and investors. Binance is not a party to any contract entered into between the fund managers and investors. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 270 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.

For more information, visit: https://www.binance.com 

About Binance VIP & Institutional

Binance VIP & Institutional empowers institutions and private wealth clients with robust asset management infrastructure, personalized VIP services and advanced end-to-end institutional trading tools on the world’s largest cryptocurrency exchange by trading volume and registered users. With deep financial services experience in both traditional and crypto markets, its global team of trusted experts provides VIP & Institutional clients with the support they need to confidently capitalize on the industry’s deepest liquidity and tightest markets.

For more information, visit: https://www.binanceinstitutional.com

 

G-DRAGON 2025 World Tour [Übermensch] IN MACAU, Presented by Galaxy Macau™, Landing in Galaxy Arena This June.

‘King of K-pop’ Long-Awaited Return! Countdown Begins for Ticket Sales on April 30


MACAU SAR – Media OutReach Newswire – 24 April 2025 – Get ready for an unforgettable music experience as G-DRAGON, the “King of K-pop,” announced the G-DRAGON 2025 WORLD TOUR [Übermensch] IN MACAU, presented by Galaxy Macau™, set to light up the Galaxy Arena on June 7-8. This marks his first solo performance in eight years and is a highly anticipated stop of his Asian tour. Over two electrifying nights, G-DRAGON will set the stage ablaze with his loyal FAMs (G-DRAGON fans) in attendance! Pre-sale tickets go on sale on April 28 at 12:00 noon, with general sales opening on April 30 at 12:00 noon.

G-DRAGON 2025 WORLD TOUR [Übermensch] IN MACAU, presented by Galaxy Macau™ set to light up the Galaxy Arena on June 7-8.
G-DRAGON 2025 WORLD TOUR [Übermensch] IN MACAU, presented by Galaxy Macau™ set to light up the Galaxy Arena on June 7-8.

This concert is a collaboration between Galaxy Corporation, AEG Presents, TME Live, and CHESSMAN, presented by Galaxy Macau and sponsored by HSBC, Trip.com Group and HopeGoo.

This year, G-DRAGON made his long-awaited return with his third solo studio album, Übermensch, in February, announcing the start of his world tour. The tour kicked off with two sold-out shows at Goyang Stadium, and Macau will be the fifth stop after Tokyo and Bulacan, and Osaka, generating immense excitement among FAMs eager to see the K-pop legend live.

The Galaxy Arena, Macau’s largest indoor venue, holds up to 16,000 guests, making it the perfect spot for this major event. Since its grand opening, it has hosted numerous international artists. With state-of-the-art sound systems and unobstructed views, the venue offers a 360-degree audiovisual experience, ensuring fans don’t miss a moment of the action. Whether you’re a fan of his music or captivated by his stage presence, the Macau stop is a once-in-a-lifetime opportunity. This event is being hailed as the “K-pop event of the year,” sure to create a buzz for tickets! Don’t miss the pre-sale on April 28 at 12:00 noon — be there to witness the king’s triumphant comeback!

Tickets are priced MOP2,399 / 1,999 / 1,799 / 1,499 / 1,299 / 1,099 / 899 (*Currency set based on the ticketing platform)
Tickets are priced MOP2,399 / 1,999 / 1,799 / 1,499 / 1,299 / 1,099 / 899 (*Currency set based on the ticketing platform)

Show Date: June 7 – 8, 2025
Venue: Galaxy Arena
Ticket Price: MOP2,399 / 1,999 / 1,799 / 1,499 / 1,299 / 1,099 / 899

*Currency set based on the ticketing platform

G-DRAGON OFFICIAL MEMBERSHIP PRESALE: Survey Period:

April 23, 2025 (Wed) 15:00 ~ April 24, 2025 (Thu) 23:59

Presale Date:

April 28, 2025 (Mon) 12:00 ~ 23:59

HSBC Presale: April 29, 2025 (Tue) 10:00 ~ April 30, 2025 (Wed) 09:59
General on Sale: April 30, 2025 (Wed), 12:00 noon onwards
Ticketing Platforms: Tickets will be available at Cityline and Galaxy Ticketing.

The Galaxy Arena, Macau's largest indoor venue, holds up to 16,000 guests, making it the perfect spot for this major event.
The Galaxy Arena, Macau’s largest indoor venue, holds up to 16,000 guests, making it the perfect spot for this major event.

Hashtag: #GalaxyMacau #G-DRAGON #Übermensch

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

About Galaxy Macau Integrated Resort

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau and Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz-Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theaters are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team.

Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

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