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Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025

PORT VILA, Vanuatu, May 7, 2025 /PRNewswire/ — Vantage Markets proudly concluded a successful appearance at the Abu Dhabi Money Expo 2025, held on April 23–24, aligning with its commitment to global thought leadership, market education and showcasing its focus on innovation and multi-asset trading insights.

Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025
Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025

On the first day of the event, Nibal Abu Assaly, Business Development Manager at Vantage Markets, led a highly anticipated keynote session titled “Navigating Volatility: Understanding Market Uncertainty”. The session provided attendees with general insights into the key drivers of market volatility and discussed broad strategies relevant to navigating uncertain market conditions.

With global markets increasingly influenced by geopolitical shifts, macroeconomic data, and unexpected policy moves, the keynote sparked engaging discussions and was well-received for its relevance and actionable takeaways. It reaffirmed Vantage’s role not only as a platform provider but also as a participant in global market dialogue.

Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025
Vantage Delivers Insight and Innovation at Abu Dhabi Money Expo 2025

During the closing day of the expo, Vantage Markets was honored with the “Best Multi-Asset Broker” award – a recognition of the company’s ongoing efforts to support the financial services industry through technology and multi-asset offerings.

This award reflects Vantage’s ongoing efforts to develop and maintain a wide range of CFD offerings across forex, commodities, indices, shares, ETFs, and bonds, all while maintaining industry-leading technology, transparency, and customer support.

“Our participation at Abu Dhabi Money Expo 2025 allowed us to connect meaningfully with attendees and industry peers,” said Marc Despallieres, Chief Executive Officer at Vantage Markets. “From thought leadership to product innovation, we are proud to contribute to the global financial community with tools, insights, and services that support informed trading.”

As Vantage continues to expand, the company remains focused on developing innovative solutions, offering diverse trading opportunities, and deepening engagement with its global community.

Visit Vantage Markets for more updates on Vantage’s events and initiatives.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading.

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.

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Inside TutorABC: The 100% UK-US EdTech Giant Led by Rodney Miles and Samuel Yang, Revolutionizing Language Learning for 100 Million Users

100% UK-US Owned Only. No Other Outside Investment. 

TAIPEI, May 7, 2025 /PRNewswire/ — TutorABC is a fully foreign-owned education technology company, backed exclusively by investors from the United Kingdom and the United States only.

Samuel Yang, CFA (left), Co-Chairman and CEO of TutorABC, and Rodney Miles (right), Co-Chairman of TutorABC, stand together in front of the company logo, looking ahead to the future of global edtech.
Samuel Yang, CFA (left), Co-Chairman and CEO of TutorABC, and Rodney Miles (right), Co-Chairman of TutorABC, stand together in front of the company logo, looking ahead to the future of global edtech.

Since 2022, TutorABC has been 100% owned and governed by a UK-US investment consortium led by:

  • Rodney Miles – a British business leader with a 50+ year legacy in global retail, e-commerce, and education.
  • Samuel Yang, CFA – an American-born, British-educated investment banker, and international education leader.

This ownership structure has been independently verified by a leading international law firm and is fully compliant with all local (and international) legal and regulatory requirements.

*Start 7 Days Free Trial: https://www.tutorabc.com/count.asp?code=O87MXjKGDD

Global Leadership with Proven Track Records

Rodney Miles is the co-chairman of TutorABC and is a pioneering entrepreneur with over five decades of global retail and e-commerce leadership.
Rodney Miles is the co-chairman of TutorABC and is a pioneering entrepreneur with over five decades of global retail and e-commerce leadership.

Rodney Miles is the current co-chairman of TutorABC and is a pioneering entrepreneur with over five decades of global retail and e-commerce leadership. He is best known for driving the explosive growth of Watsons, Asia’s leading health and beauty retailer. He began with just 8 stores and was responsible for laying the foundation that grew the brand into a global giant with over 15,000 stores—including opening Watsons’ first store in Taiwan on Chung Hsiao East Road in the 1980s.

He later founded and built StrawberryNet, one of the world’s first global online retailers of beauty and fragrance products. As a pioneer in cross-border online retail, he served millions of customers across more than 200 countries, offering over 30,000 SKUs from 800 global brands including Chanel, Christian Dior, Clinique, Estée Lauder, La Mer, La Prairie, Lancôme, L’Oréal, SK-II, Yves Saint Laurent (YSL), and many others.

Rodney’s career began at Sainsbury’s, one of the UK’s largest supermarket chains, under the mentorship of Chairman John Sainsbury (later Lord Sainsbury of Preston Candover), where he developed a lifelong commitment to operational excellence, customer service, and strategic innovation.

Photo of Samuel Yang, CFA, Co-Chairman of TutorABC, and TutorABC’s senior management team at the 2024 1111 Happy Enterprise Award ceremony.
Photo of Samuel Yang, CFA, Co-Chairman of TutorABC, and TutorABC’s senior management team at the 2024 1111 Happy Enterprise Award ceremony.

Samuel Yang, CFA, is a seasoned investment banker and educator with over 25 years of experience. At MorganStanley and MerrillLynch he previously managed over USD 3 billion and specialized in venture capital, pre-IPO, and IPO investments. Additionally for over 20 years he has served as the chief representative in Taiwan for Kaplan, one of the world’s largest education companies listed on the NYSE.

He was educated at Cambridge University for a Master’s degree in Entrepreneurship, and City University of London for a degree in Investment and Financial Risk Management. He is a Chartered Financial Analyst (CFA) and was an instructor for all three levels of the CFA exams, and was the lead trainer for the analyst training programs at Merrill Lynch, Credit Suisse, and Julius Baer. He is also a certified Franklin Covey trainer, specializing in the 7 Habits of Highly Effective People, and has used his expertise to develop and mentor young leaders globally – reaching over 160 partner high-schools in more than 30 countries across Asia, the Middle East, and Europe.

As Co-Chairman and CEO of TutorABC, Samuel drives the company’s global mission to deliver a “first-class education, in a first-class way, with first-class people.” Samuel also leads The Yang Foundation, supporting education and cultural exchange programs across the world, and serves as Chairman of the British Chamber of Commerce in Taipei, and Chairman of the YPO East West Chapter.

*Start 7 Days Free Trial: https://www.tutorabc.com/count.asp?code=O87MXjKGDD

Global Reach. Elite Partnerships.

TutorABC is not affiliated with any other country—directly or indirectly. Its governance, capital, and operations are 100% UK and US only.

It proudly partners with the world’s leading institutions:

  • Oxford and Cambridge universities
  • National Geographic, Kaplan, Barron’s, ETS, British Council
  • 400+ study abroad partners at universities throughout the UK, USA, and Canada

It serves students and teachers in over 100 countries. It provides advanced corporate training programs for many Fortune 500 and other world-leading companies including Apple, Google, Microsoft, Citibank, Prudential Life, PwC, Deloitte, New Balance, Amazon, TSMC, MediaTek, Micron, Toyota, Shiseido, Yamaha, and many others.

*Learn more TutorABC Corporate Training Service: https://www.tutorabc.com/count.asp?code=IIFb8LAKZr

Certified Safe. Trusted by Families.

TutorABC is kidSAFE-certified and implements child privacy practices consistent with the U.S. Federal Trade Commission’s Children’s Online Privacy Protection Act (COPPA), maintaining high standards for child protection and cybersecurity.

TutorABC has a dedicated team of over 400 professionals—including education advisors, learning consultants, engineers, and customer service representatives—providing personalized support to every student.

Mission Statement

TutorABC is committed to delivering a first-class education, in a first-class way, with first-class people.

6 Reasons Why TutorABC Leads the World in Online Language Learning:

  1. Best Teachers – native English speakers, Cambridge-trained, handpicking the top 3%.
  2. Best Materials – premium content from Oxford, Cambridge, Nat Geo, and global leaders.
  3. Best Curriculum – a 4-step adaptive path tailored by level, industry, goals, and interests.
  4. Best Technology – AI-powered platform with 24/7 access and 19 patented innovations.
  5. Best Customer Service – 200+ real human advisors—no chatbots—expert support.
  6. Best Ratings – 97% satisfaction, 4.8 on Google, and 4.7 on Trustpilot.

*Start 7 Days Free Trial: https://www.tutorabc.com/count.asp?code=O87MXjKGDD

His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan acquires Warrants of Diginex Limited to Purchase 6.75 Million Ordinary Shares of Diginex for USD$300 million via a Private Transaction


LONDON, UNITED KINGDOM – Media OutReach Newswire – 7 May 2025 – Diginex Limited (“Diginex”) (NASDAQ: DGNX), a global leader in ESG sustainable RegTech, is pleased to announce that His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, a member of the Abu Dhabi Royal Family, has purchased warrants to purchase 6.75 million Ordinary Shares of Diginex (the “Warrants”) in a private transaction for a consideration of USD 300 million. This significant investment underscores Diginex’s deepening ties with the United Arab Emirates (UAE) and reinforces its position as a frontrunner in driving sustainable finance and innovation on a global scale. In the event that His Highness exercises all of the Warrants, Diginex will receive approximately USD$69.2 million upon the exercise of the Warrants to acquire 6,750,000 ordinary shares of Diginex and His Highness will become ~22.7% holder of Diginex ‘s outstanding ordinary shares (assuming no change to Diginex outstanding ordinary shares as of today).

His Highness purchased the Warrants through his solely owned investment holding company, Nomas Global Investments L.L.C – S.P.C (“Nomas Global”), from Rhino Ventures Limited (“RVL”), the solely owned investment holding company of Miles Pelham, Chairman and Founder of Diginex.

RVL has confirmed receipt of the USD$50 million initial consideration, and the Warrants have been conveyed, assigned and transferred to Nomas Global by Diginex effective today, 6th May 2025. Under the terms of the private transaction Nomas Global is obligated to tender the balance of USD$250 million consideration to RVL on or before 31st December 2025.

The Warrants consist of 3 tranches of warrants as follows:

(a) a warrant to purchase 2,250,000 Ordinary Shares, exercisable at a price of US$8.20 per share and these warrants expire 15 months after January 23, 2025, and;

(b) a warrant to purchase 2,250,000 Ordinary Shares, exercisable at a price of US$10.25 per share, and these warrants expire 18 months after January 23, 2025, and;

(c) a warrant to purchase 2,250,000 Ordinary Shares, exercisable at a price of US$12.30 per share, and these warrants expire 24 months after January 23, 2025.

The acquisition follows the strategic alliance announced on March 17, 2025, between Diginex and Nomas Global, which included plans for a dual listing of Diginex’s ordinary shares on the Abu Dhabi Securities Exchange (ADX) and a potential capital raise of up to USD 250 million. This latest move solidifies Diginex’s commitment to the UAE, and continues the Emirate’s role at the forefront of sustainability and economic diversification, and enhances its capacity to lead transformative change in the global sustainability landscape.

“We are honored to welcome His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan as a key stakeholder,” said Miles Pelham, Chairman of Diginex. “This investment is a powerful testament to our shared vision of leveraging cutting-edge technology to address sustainability challenges. With this deepened alliance, Diginex is poised to accelerate its growth in the UAE and the broader GCC region, while continuing its work to set the standard for sustainable finance worldwide.”

His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, a visionary leader committed to advancing sustainability and innovation in the UAE, expressed his confidence in Diginex’s mission. “This acquisition reflects my belief in Diginex’s potential to drive meaningful impact in sustainable finance, both in the UAE and globally. By combining our resources and expertise, we are building a future where technology and sustainability go hand in hand to create a lasting and sustainable prosperity.”

Diginex stands at the forefront of ESG technology, leveraging its innovative platform to redefine sustainable finance on a global scale. By integrating advanced blockchain, artificial intelligence, and data analytics, Diginex empowers businesses and governments to enhance transparency and efficiency in environmental, social, and governance (“ESG”) reporting, supporting 17 international frameworks such as GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). This cutting-edge approach has positioned Diginex as a trusted partner for organizations seeking to align with evolving sustainability standards, while its award-winning RegTech solutions drive actionable insights for climate action and corporate responsibility. Committed to the growth of sustainable finance, Diginex is expanding its influence worldwide, exemplified by strategic relationships like its collaboration with His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan in the UAE, where it aligns with regional goals like Vision 2030 and Net Zero by 2050.

For more information or to schedule a demo, visit www.diginex.com.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

Hashtag: #Diginex

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

About Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan

A visionary leader within Abu Dhabi’s Royal Family, Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan is committed to advancing economic diversification, sustainability, and innovation in the UAE. Through strategic investments and partnerships, he continues to play a pivotal role in shaping the nation’s future.

About Diginex Limited

Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.

The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

For more information, please visit the Company’s website: https://www.diginex.com/.

ArkBio Announces Positive Phase II Results of AK3280 for treatment of Idiopathic Pulmonary Fibrosis (IPF)

SHANGHAI, May 7, 2025 /PRNewswire/ — Shanghai Ark Biopharmaceutical Co., Ltd. (“ArkBio”) today announced positive top-line Phase II study results for its novel anti-fibrotic drug AK3280 in treatment of idiopathic pulmonary fibrosis (IPF). The study, led by Professor Huaping Dai of the Department of Pulmonary and Critical Care Medicine at China-Japan Friendship Hospital, Beijing, was conducted across 31 clinical sites in China.

Global Clinical Challenge: Unresolved Treatment Needs in IPF

Idiopathic Pulmonary Fibrosis (IPF) is a progressive, irreversible, and fatal interstitial lung disease characterized by fibrotic remodeling of lung tissue, ultimately leading to respiratory failure, with a median survival period of only 2–5 years after diagnosis. Current therapeutics including pirfenidone and nintedanib have been available for years, however, with limited efficacy, significant adverse effects and poor long-term tolerability, highlighting the urgent need for novel and more effective therapeutics.

Phase 2 Proof-of-Concept Study of AK3280, a New Generation Broadly Active Antifibrotic Drug

AK3280 is a new generation broadly active antifibrotic drug that is optimized for pharmacological and pharmacokinetic properties based on current IPF drugs. Preclinical data indicate that it exhibits enhanced anti-fibrotic activity and improved pharmacokinetic properties, without the gastrointestinal tolerability issues and other toxicities associated with current therapeutics. Previous Phase I studies have demonstrated its favorable safety, tolerability, and human pharmacokinetic profile.

The completed randomized, double-blind, placebo-controlled Phase II proof-of-concept study evaluated the safety, tolerability and clinical efficacy of AK3280 in China IPF patients. Participants were randomized to receive AK3280 (100/200/300/400 mg BID) or placebo for 24 weeks. Clinical efficacy endpoints included forced vital capacity of lung (FVC and %pFVC), diffusing capacity of lung for carbon monoxide (DLco), the 6-minute walk test (6MWT) and patient reported St. George’s Respiratory Questionnaire (SGRQ) scores. The high dose groups demonstrated FVC improvement from baseline, especially the 400 mg group which had the absolute FVC increased by 209.4 mL and a 6.4% adjusted %pFVC improvement from baseline, which is statistically significant compared to placebo (p=0.002 and 0.004, respectively). Other lung and respiratory functions have also got better. The drug exhibited a good safety and tolerability profile without the gastrointestinal intolerability issues associated with current IPF therapeutics.

Implications for Future IPF Therapeutics

This study with a rigorous multicenter, randomized, double-blind study design for 24 weeks followed by another 24 week’s open-label study represents the first phase 2 proof-of-concept study of AK3280 in fibrotic patient populations. These findings not only demonstrate AK3280’s potential to improve both lung function and respiratory outcome but also highlight its unique safety profile that may support long-term use, positioning it as a potential future standard-of-care therapy for IPF treatment.

Dr. Huaping Dai, principal investigator of the phase 2 study and professor at China-Japan Friendship Hospital, commented, “In the therapeutic landscape of IPF, the development of safer and more effective anti-fibrotic agents remains urgent. The most encouraging aspect of this Phase II study is AK3280’s positive signal in pulmonary function improvement. Unlike existing therapies that merely slow FVC decline, the high dosing groups of the phase 2 study achieved an impressive absolute increase in FVC over 24 weeks. In addition, we observed other respiratory and lung function improvements, indicating the substantial symptom relief and benefits to quality-of-life in the IPF patients. Notably, AK3280’s favorable tolerability across all dose levels is essential for the long-term management of IPF patients. This study provides novel scientific and medical perspectives, and we look forward to seeing this innovation to become a global standard treatment option in the near future.”

About AK3280

AK3280 is a potential next-generation broad-spectrum anti-fibrotic molecule optimized from the marketed drug. It modulates multiple pathways and biomarkers closely associated with the fibrotic process, including the expression of fibrosis-related genes and proteins induced by transforming growth factor-beta (TGF-β) and lysophosphatidic acid (LPA). AK3280 works by reducing fibroblast cellular proliferation and inhibiting the synthesis and accumulation of extracellular matrix. Compared to current therapies, AK3280 offers advantages in safety and tolerability, with potentially much improved clinical efficacy. The Phase II randomized, double-blind, placebo-controlled confirmatory clinical study has been completed, and preparations are underway to initiate the pivotal Phase III clinical study.

About ArkBio

ArkBio is a global biotech company focused on developing innovative therapies for respiratory, infectious, and pediatric diseases. Founded in 2014, it has built core technology platforms and a differentiated R&D pipeline through in-house R&D efforts and external collaboration. Key drug assets include ziresovir, the first direct-acting RSV antiviral with positive pivotal phase III results, and AK0901, an FDA-approved pediatric ADHD therapeutic drug. ArkBio has established strategic partnerships with several multinational pharmaceutical companies and academic institutes, including Roche, Genentech, the Scripps Research Institute, the Institute of Microbiology of Chinese Academy of Sciences, domestic and international biotechnology companies, as well as venture capital institutions.

For more information about the company, please visit our website: www.arkbiosciences.com 

Investor Inquiries: IR@arkbiosciences.com   

Baozun to Announce First Quarter 2025 Unaudited Financial Results on May 21, 2025

SHANGHAI, May 7, 2025 /PRNewswire/ — Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (“Baozun”, the “Company” or the “Group”), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2025 on Wednesday, May 21, 2025, before the open of U.S. markets.

The Company will host a conference call to discuss the earnings at 7:30 a.m. Eastern Time on Wednesday, May 21, 2025 (7:30 p.m. Beijing time on the same day).

Dial-in details for the earnings conference call are as follows:

United States:                 

1-888-317-6003

Hong Kong:                   

800-963-976

Singapore:                     

800-120-5863

Mainland China:           

4001-206-115

International:                 

1-412-317-6061

Passcode:                       

9469014

A replay of the conference call may be accessible through May 28, 2025 by dialing the following numbers:

United States:                 

1-877-344-7529

International:                 

1-412-317-0088

Canada:                           

855-669-9658

Replay Access Code:   

6845694

A live webcast of the conference call will be available on the Investor Relations section of Baozun’s website at http://ir.baozun.com. An archived webcast will be available through the same link following the call.

Safe Harbor Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continues,” “ongoing,” “targets,” “guidance,” “going forward,” “looking forward,” “outlook” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Baozun’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to Baozun’s filings with the United States Securities and Exchange Commission and its announcements, notices or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date hereof and is based on assumptions that Baozun believes to be reasonable as of this date, and Baozun undertakes no obligation to update such information, except as required under applicable law.

About Baozun Inc.

Founded in 2007, Baozun Inc. is a leader in brand e-commerce service, brand management, and digital commerce service. It serves more than 490 brands from various industries and sectors around the world, including East and Southeast Asia, Europe and North America.

Baozun Inc. comprises three major business lines — Baozun e-Commerce (BEC), Baozun Brand Management (BBM) and Baozun International (BZI) and is committed to accelerating high-quality and sustainable growth. Driven by the principle that “Technology Empowers the Future Success”, Baozun’s business lines are devoted to empowering their clients’ business and navigating their new phase of development.

For more information, please visit http://ir.baozun.com.

For investor and media inquiries, please contact:

Baozun Inc.
Ms. Wendy Sun
Email: ir@baozun.com

Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift

SHANGHAI, May 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations.

In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025. The average daily Bitcoin production was 15.7 in April, compared to 17.1 in March.

Despite the month-over-month production dip, Cango increased its total Bitcoin holdings, reaching 2,944.8 as of April 30, 2025, up from 2,474.8 at the end of March. The Company’s deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March 2025.

“The production decline in April was mainly due to a significant surge in the global hashrate, marking its second-largest monthly increase ever recorded. Consequently, the mining difficulty rose by 8% compared to March,” said Jiayuan Lin, Chief Executive Officer of Cango, “Despite this short-term fluctuation in production volume, we remain firmly committed to our Bitcoin holding strategy. With the current value of our Bitcoin holdings at $279 million, we are confident that our strategic initiatives and ongoing operational enhancements will continue to generate long-term value for our stakeholders.”

About Cango Inc.

Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.

New Report Highlights Need for Ecosystem Approach to Help MSMEs in Southeast Asia Adopt More Sustainable Practices

  • Report by the Centre for Impact Investing and Practices (CIIP) finds growing momentum among micro, small, and medium enterprises (MSMEs) in Southeast Asia to adopt sustainability practices, driven by commercially motivated goals such as reducing costs, improving long-term efficiency, meeting consumer demand, entering new markets and attracting talent.
  • As significant variations in ESG awareness and adoption exist across the region, advancing the adoption of ESG practices will require coordinated efforts from governments, industry associations, MNCs, investors, and financial institutions to provide MSMEs practical, constructive assistance.
  • The report identifies key challenges and five ecosystem actions to unlock the full potential of MSMEs in advancing sustainable supply chains.

SINGAPORE – Media OutReach Newswire – 7 May 2025 – The “Transforming for Sustainability: Driving Impact and Value through Supply Chain Action” report, by the Centre for Impact Investing and Practices (CIIP) found that MSMEs in Southeast Asia recognise the business value of adopting sustainability practices – from lowering costs and improving long-term efficiency (39%) to attracting or retaining talent in a values-driven workforce (27%) – and want to do more.

At the same time, many global multinational corporations (MNCs) are making long-term sustainability commitments, setting higher expectations across their supply chains. As MSMEs often serve as key suppliers, aligning with these evolving standards – including MNC supplier codes – is becoming increasingly critical to remain competitive and secure long-term growth opportunities.

Launched today at Ecosperity Week’s Impact Investing Roundtable 2025, the report explores key barriers to increasing supply chain sustainability and identifies practical enablers and tools across four sectors: consumer goods, food and beverage, electrical and electronics, and tourism. The findings are based on a survey of over 3,500 MSMEs from Indonesia, Malaysia, Singapore, and Vietnam, alongside interviews with 85 organisations across Asia — including MNCs, solution providers, and ecosystem enablers. The report builds on CIIP’s 2024 study, developed in partnership with PwC Singapore, titled “It Takes a Community”: Enabling SME Resilience in FMCG Supply Chains.

While sustainability and ESG are separate concepts, they are closely linked – especially when looking at how ESG practices support sustainability goals. To better understand how MSMEs are putting sustainability into action, 21 practices were identified and mapped across the areas of “environmental”, “social”, and “governance”.

Encouragingly, 84% of MSMEs have adopted at least one ESG practice, with social practices being the most common due to mandated social employee protection policies in each of the countries studied. Waste management was the most common environmental practice, reflecting this key concern across the region. However, much more needs to be done.

“MSMEs are the backbone of Southeast Asia’s economies and essential partners in advancing sustainable supply chains,” said Ms. Dawn Chan, Chief Executive Officer, CIIP. “Their growing interest in ESG signals a real opportunity to unlock business resilience and long-term value. This report aims to provide a clearer view of what MSMEs need to succeed, and how ecosystem players, from industry leaders to governments and financial institutions, can work together to accelerate scalable, sustainable impact.”

MSMEs Are Making Progress, But Practical Challenges Continue to Hold Them Back

While MSMEs are making progress in meeting new sustainability requirements, many continue to face practical challenges in advancing their efforts. With lean, multi-functional teams focused on daily operations, they often lack the capacity for dedicated roles to oversee the adoption of more ESG practices – and 60% report moderate to significant difficulties in hiring staff for sustainability or ESG roles.

Financial constraints remain a key hurdle. Many cite high upfront costs, though encouragingly, half of all MSMEs surveyed plan to increase their ESG budgets by 2027.

Many also cite the inability to derive immediate benefits from adopting ESG practices, with 32% saying the ability to gain new clients or enter new markets would be a key motivating factor for future adoption of ESG practices.

To overcome these challenges, the report provides five recommendations to shape ecosystem actions.

Five Key Enablers to Raise ESG Awareness and Adoption among MSMEs

  1. Make ESG clear and simple. Clearly emphasise the commercial benefits of ESG practices – from cost savings to increased revenue opportunities – while highlighting clear improvement pathways. Companies should be assured that adopting ESG practices is not a formidable task and can be done in gradual steps.
  2. Build capacity, both internal and external. Develop industry-specific toolkits or education materials with global standards and local inputs, which are simple and actionable, while encouraging MSMEs to leverage external expertise for ad-hoc support and personalised guidance.
  3. Encourage more win-win customer-supplier partnerships. MNC buyers are a strong predictor of ESG adoption, and some are already leaning in to support their supply chains. This should be more widespread – MNCs can offer incentives such as longer-term contracts, paying more for sustainable products or services, and implementing shorter payment cycles.
  4. Invest in innovative MSME-targeted solutions. Venture capital firms and impact investors play a crucial role in facilitating ESG adoption across supply chains, providing catalytic funding to incentivise innovation and reducing the barriers to adopting ESG practices. They can play a particularly important role by backing early-stage solutions and business models that are priced and designed for MSMEs.
  5. Finance the change. While sustainability-linked loans are increasingly available, MSME uptake remains low – suggesting that concessional rates alone are not enough. A more holistic approach is needed, combining fit-for-purpose financing with practical guidance, stronger support for early adopters, and tools like digital platforms to assess ESG baselines and customise loan terms. These elements must work together to drive meaningful, scalable ESG adoption.

For more insights and takeaways, the full report is available at:
https://ciip.com.sg/knowledge-hub/research-insights/Details/transforming-for-sustainability–driving-impact-and-value-through-supply-chain-action

Turning Insights into Tangible Solutions

The report also revealed that country-specific conditions significantly influence ESG adoption, underscoring the importance of tailored approaches that address local needs. Notably, industry associations serve as a key source of sustainability and ESG guidance for MSMEs, given their deep understanding of sector-specific needs and ability to recommend fit-for-purpose tools and approaches.

In line with this, CIIP today signed a Memorandum of Understanding (MOU) with the Singapore Fashion Council (SFC) to drive supply chain sustainability within the fashion and textiles industry. Under the agreement, SFC will lead the development of a sectoral plan, a resource guidebook, and a digital toolkit tailored to the sustainability needs of fashion and textiles MSMEs, leveraging insights from this report and CIIP’s ongoing ecosystem engagement efforts.

In parallel, CIIP and the Philanthropy Asia Alliance have launched the second edition of the Amplifier mentorship programme, with two dedicated tracks aimed at scaling innovative solutions for supply chain sustainability in tourism, as well as, fashion and textiles. Adopting a whole-of-ecosystem approach, the programme is supported by over 55 cross-sector partners this year.

CIIP welcomes more partners – including industry associations, corporates, technology and solution providers, investors, and financial institutions – to work together and collectively advance ESG adoption among MSMEs in the region.

For the full announcements, please refer to: https://www.temasektrust.org.sg/newsroom

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

About the Centre for Impact Investing and Practices

The Centre for Impact Investing and Practices (“CIIP”) was established in 2022 as a non-profit entity by Temasek Trust to foster impact investing and practices in Asia and beyond by building and sharing knowledge, bringing together stakeholders in the community, and bringing about positive action that accelerates the adoption of impact investing principles and practices. CIIP is the anchor partner for the United Nation Development Programme’s Private Finance for the SDGs, providing Asia investors and businesses with clarity, insights and tools that support their contributions towards achieving the SDGs. Temasek and ABC Impact are CIIP’s strategic partners. For more information, please visit .

Bybit Launches Gold Exclusive Trading Zone With $800,000 Prize Pool

DUBAI, UAE, May 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Gold Exclusive Trading Zone, offering users a unique opportunity to trade gold alongside crypto assets and compete for a share of an $800,000 prize pool. This initiative marks the first time Bybit enables users to trade gold with USDT across multiple platforms in one seamless experience, further solidifying its position at the forefront of financial innovation.

Bybit Launches Gold Exclusive Trading Zone With $800,000 Prize Pool
Bybit Launches Gold Exclusive Trading Zone With $800,000 Prize Pool

The campaign follows a record-breaking surge in gold prices and represents Bybit’s latest move to bridge traditional financial assets with digital innovation. From now through June 10, 2025, Bybit users can now trade traditional gold pairs such as XAU/AUT+, XAU/EUR+, XAU/JPY+, and XAU/USD+ with USDT via Bybit Gold & FX. Additional options include trading XAUT on Spot or PAXG/XAUT on Derivatives. Those interested in yield opportunities can subscribe to XAUT Flexible Savings or invest in XAUT Dual Assets for more sophisticated strategies.

Participants who complete gold trading tasks will be eligible for a range of exclusive rewards, including luxury gold rings, gold coins, and generous USDT airdrops. Each completed task earns users a lucky draw ticket, increasing their chances of winning as their trading activity grows.

“This launch is a powerful step forward in our mission to integrate the best of traditional finance with the speed and accessibility of crypto,” said Shunyet Jan, Head of Derivatives Business and Institutional Sales at Bybit. “Bybit’s Gold Exclusive Trading Zone gives users a seamless way to engage with gold, earn rewards, and diversify their portfolios in one unified platform.”

The Gold Exclusive Trading Zone is open to eligible users who complete Identity Verification Level 1 and reside in supported jurisdictions. All prizes, including physical items, will be distributed in the equivalent USDT value through the Bybit Rewards Hub.

Full campaign details and terms can be found on Bybit’s official campaign page.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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