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Nanoprecise Introduces ReKurv.ai – A New Era of Conversational Asset Intelligence

EDMONTON, AB, April 29, 2025 /PRNewswire/ — Nanoprecise, the leader in Energy-Centered predictive maintenance, today announced the launch of ReKurv.ai, a powerful and one-of-its-kind Generative AI solution purpose-built to support how maintenance professionals think, troubleshoot, and act in real-world industrial environments.

ReKurv.ai is powered by Nanoprecise Sci Corp.
ReKurv.ai is powered by Nanoprecise Sci Corp.

ReKurv.ai is purpose-built conversational intelligence for the real world of asset management.

Trained on thousands of machine hours and shaped by real use cases, it’s designed for field technicians, reliability engineers, plant managers, or C-suite who need fast, contextual answers grounded in how equipment behaves and how operations actually run.

“We built ReKurv for the people who keep the world running,” said Manpreet Singh, CTO at Nanoprecise. “When a motor starts vibrating erratically during a critical production hour, they don’t need assumptions, they need fast, real-time answers from something that understands how their machines actually work.”

Designed for the Factory Floor. Powered by Real-World Data.

Accessible through a mobile-friendly web app, ReKurv.ai brings machine-specific reasoning to the fingertips of maintenance teams everywhere. Unlike traditional AI tools, ReKurv.ai understands site structures, failure histories, and operational context and evolves with every interaction.

ReKurv.ai. is built to:

  • Interpret questions with plant-floor context
  • Map conversations to equipment hierarchies, so responses reflect operational structure
  • Retain historical threads for continuity and deeper reasoning
  • Deliver responses grounded in a curated, ever-growing knowledge base, trained on thousands of real-world use cases and guided by Nanoprecise subject matter experts

From Alert to Action – Zero Guesswork

Whether it’s a sudden fault, an unexpected trend, or a question about what might happen next, ReKurv.ai helps users move past alert fatigue and into real-time decision-making.

“ReKurv is a thinking partner for maintenance teams,” said Manpreet. “It brings machine context, memory, and logic into every conversation, helping teams act faster, smarter, and with greater confidence.”

A New Standard in Industrial Intelligence

ReKurv.ai introduces the future of Guided Maintenance – combining generative AI with real-world equipment context to support the people behind industrial performance.

By empowering the human in the loop, ReKurv.ai augments the expertise of technicians, engineers, and maintenance leaders, enabling smarter decisions in less time, saving hundreds of hours in troubleshooting, and preventing thousands of dollars in avoidable downtime.

Now publicly available to use, ReKurv.ai reflects Nanoprecise’s commitment to innovation, thought leadership, and delivering accessible, real-time intelligence that works the way maintenance teams think. Watch Video.

Sign up in minutes. Start using it instantly. Bring your team in.

Catch the buzz at www.ReKurv.ai – where smart maintenance decisions begin.

About Nanoprecise

Nanoprecise is a global leader in predictive and prescriptive maintenance. Its edge-to-cloud platform combines 6-in-1 IoT sensing with AI-driven analytics to help industrial leaders reduce unplanned downtime, cut energy use, and extend asset life. With a growing portfolio of patented technologies and global deployments across oil & gas, manufacturing, mining, and heavy industry, Nanoprecise is shaping the future of Energy-Centered Maintenance.

 

HTX DeepThink: Tariff Shift and Capital Inflows — A Brief Window for Crypto Opportunity

SINGAPORE, April 29, 2025 /PRNewswire/ — HTX DeepThink is dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers “Find Order in Chaos.”

This week, Bitcoin surged to $95,000 as President Trump signaled a softer stance on tariffs, boosting market sentiment. However, uncertainty around trade negotiations persists. With critical economic data releases on the horizon, early May may offer a brief but significant liquidity window for crypto markets. In this edition of HTX DeepThink, Chloe (@ChloeTalk1) from HTX Research breaks down the shifting macro landscape and outlines key risks and opportunities for the digital asset space.

Trump’s Second 100 Days Agenda: Delivering on Promises, Catching the Next Wave

In his first 100 days, President Trump swiftly implemented several crypto‐friendly measures, including refining the stablecoin regulatory framework and cutting government spending via DOGE. Next, the White House will focus on finalizing trade agreements and advancing a Russia–Ukraine peace effort, while pushing through the “Big, Beautiful” package—featuring large tax cuts, robust border security measures, and regulatory rollbacks—and securing Senate passage of the FIT21 bill to provide a clear framework for U.S. digital‐asset regulation.

Last Week’s Market Recap: Decoupling and Key Drivers

Last week, crypto markets initially decoupled from U.S. equities, driven by a weakening dollar, increased crypto allocations from traditional firms and financial institutions, rising on‐chain stablecoin issuance, and continued net inflows into Bitcoin ETFs—pushing Bitcoin up to $88,000. Later, softened rhetoric on tariffs from President Trump and Treasury Secretary Bissenet further boosted sentiment. However, while signals of trade progress were encouraging, actual agreements remain months away, and hard‐line tariff hawks within the administration continue to exert significant influence, posing major uncertainty for the outlook.

Key Data Ahead: Short‐ and Medium‐Term Inflection Points

This week’s macro calendar is pivotal.

  • April 30 @ 12:30 UTC: U.S. Q1 GDP (expected 0.2–0.4%, down from 2.4%) and Core PCE (month-over-month: ~0.1%)
  • May 2 @ 12:30 UTC: April nonfarm payrolls (estimated 130K vs. 228K prior) and unemployment rate (steady at 4.2%)

If the data shows weakening growth but easing inflation, it will bolster mid-year rate-cut expectations and likely lift risk assets such as Bitcoin and Ethereum in tandem. Conversely, if all metrics exceed forecasts, rate-cut hopes may be delayed or rate-hike fears revived, driving Treasury yields and the dollar higher and weighing on the crypto market in the short term.

In extreme cases:

  • Negative GDP + job losses → panic sell-off, rebound on easing bets
  • Hot inflation + stalled growth → stagflation risks emerge

Fed Holds Steady: The “Self‐Preservation” Behind a Technically Valid Rate Cut

As of now, the Fed’s reserve balances stand at about $3.3 trillion, overnight reverse repos at $94 billion, and the Treasury General Account remains high—conditions that technically allow for a rate cut. Yet in FY 2024, the Fed paid $226.8 billion in interest on reserves and RRP, while earning only $158.8 billion on Treasuries and MBS, resulting in a $77.5 billion net loss. A 0.3 ppt rate cut would reduce annual portfolio income by roughly $20 billion on $6.7 trillion of assets, widening losses and slashing remittances to the U.S. Treasury. To preserve its financial sustainability and political independence, the Fed has chosen to keep rates unchanged.

Liquidity Window & Summer Risks: Timing the Optimal Entry

If this week’s data align with a slowdown, May may offer a brief liquidity window as funds rotate back into crypto. However, once the debt ceiling is raised—likely in June to July—the Treasury will refill its TGA to $50–60 billion via new bond issuance, draining equivalent liquidity from markets. Short‐term rates will rise, and risk assets will come under pressure; historically, Bitcoin and the broader market have fallen about 5%–10% in the weeks following such TGA rebuilds. Investors should therefore capitalize on the early‐May window while hedging for the summer liquidity drain.

Outlook: Stay Disciplined, Follow the Trend

Against a backdrop of intersecting policy catalysts and liquidity shifts, near‐term tactics should focus on key data releases and the May liquidity window, while longer‐term attention centers on FIT21 implementation and continued institutional adoption of BTC and other assets like Solana. The next major uptrend may well arise under these dual tailwinds—seize the opportunity.

*The above content  is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.

About HTX Research

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.

TRILLER’S BKFC CONTINUES RAPID GLOBAL RISE WITH UNDEFEATED STARS, SOLD-OUT EVENTS, AND MAJOR TITLE FIGHTS ON THE HORIZON

Powered by Triller, BKFC is Revolutionizing Combat Sports with Global Growth and Unstoppable Momentum

LOS ANGELES, April 29, 2025 /PRNewswire/ — Bare Knuckle Fighting Championship (BKFC), The World’s Fastest Growing Combat Sports Promotion, under Triller Group Inc , continued its remarkable rise last Friday with a sold-out show at the Astro Theater in Omaha and a lineup of undefeated contenders delivering unforgettable performances.

As BKFC expands into new markets, sells out iconic venues, and dominates streaming platforms, its momentum has never been stronger. With the full backing of Triller, the promotion has become a magnet for top-tier talent and a prime destination for combat sports fans seeking raw, unfiltered action.

“This is what the future of combat sports looks like,” said BKFC Founder and CEO David Feldman. “We’ve gone global, and we’re just getting started. With the power of the Triller platform behind us, BKFC is offering fighters a new way to build their brands and careers while delivering fans the most exciting combat experience in the world.”

Friday’s BKFC Fight Night Omaha was streamed LIVE worldwide via the BKFC app, soon to be seamlessly integrated into Triller, offering fans an interactive digital experience redefining how fight content is consumed. Soon Triller will have the ability to feature live events, fighter-exclusive content, and real-time community engagement tools—making it a game-changer for both fighters and fans.

“Fighters like Conor McGregor and others who understand the value of digital platforms can now use Triller not only to promote themselves but to connect directly with fans around the world. We’re opening up a new era of fight entertainment,” Feldman added.

As BKFC continues to headline major cities, the spotlight now shifts to BKFC-75 at the iconic Tingley Coliseum in Albuquerque, NM on Friday, June 6, where middleweight champion David Mundell defends his title against #4-ranked Donald Sanchez.

With a mix of elite talent, growing global recognition, and an unmatched fan-first experience, BKFC stands as the most exciting, fastest-growing force in all of combat sports.

Stay tuned to BKFC.com and the BKFC/Triller App for more fight announcements, exclusive content, and the future of fight night.

About Bare Knuckle Fighting Championship (BKFC)

Bare Knuckle Fighting Championship (BKFC) is the first promotion allowed to hold a legal, sanctioned, and regulated bare knuckle event in the United States since 1889. Based in Philadelphia, and headed by President and former professional boxer David Feldman, BKFC is dedicated to preserving the historical legacy of bare knuckle fighting, while utilizing a specifically created rule set that emphasizes fighter safety. BKFC holds all of its bouts in a revolutionary circular four-rope ring, designed to encourage fast-paced and exciting bouts. The patented BKFC “Squared Circle” contains scratch lines, based on the Broughton Rules which governed bare knuckle fighting in the 19th century, and which requires fighters to “Toe the Line”: start every round face to face, and just inches apart.

In BKFC, only those fighters who are established professionals in boxing, MMA, kickboxing, or Muay Thai are allowed to compete. The referees and judges are required to have extensive professional combat sports experience. All fights are held under the auspices and control of an Athletic Commission. Unlike other fighting organizations and combat sports internationally which claim to be “bare knuckle”, but require wraps, tape, and gauze; BKFC is true to its word as fighters are not allowed to wrap their hands to within one inch of the knuckle. This makes BKFC unquestionably the truest form of bare knuckle fighting. BKFC is dedicated to not just creating the safest, most exciting, and highest-level bare-knuckle fighting organization in the world, it’s also leading the way for a new fully recognized professional combat sport. BKFC is truly the sport of the future, which fully respects its remarkable past.

About Triller Group Inc.

(Nasdaq: ILLR) Triller Group Inc. is a technology powerhouse with a portfolio of high-growth businesses poised to break through in the Creator Economy. Triller App is the most creator-focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands.

Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry. TrillerTV is Triller Group’s premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth.

Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group’s ecosystem, making it easier for users to access the tools they need for financial success.

Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit www.trillercorp.com and www.agba.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

EP Cube Receives Prestigious 2025 iF Design Award and Gold at the 2025 MUSE Design Awards

KITCHENER, ON, April 29, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that its residential energy storage system, EP Cube, has won the prestigious 2025 iF Design Award and Gold at the 2025 MUSE Design Awards. 

Both the iF Design Award and MUSE Design Award highlight the innovative and outstanding design of EP Cube, which stood out among tens of thousands of submissions from over 60 countries. EP Cube is designed by Eternalplanet, a subsidiary of Canadian Solar.

EP Cube’s minimalist aesthetic blends metal finishes with rounded edges. Its ultra-slim body ensures easy installation. With quick connectors replacing conventional cables and wiring, the system allows users to stack modules directly to increase storage capacity, significantly reducing installation time.

Each EP Cube stackable battery module has a capacity of 3.33 kWh. Customers can choose from five capacity options, ranging from 6.6 kWh to 19.9 kWh. In addition, EP Cube offers three energy-efficient modes: backup mode, self-consumption mode, and time-of-use mode, catering to different energy management needs.

Susanne Pflug, Chief Commercial Officer of Canadian Solar’s Home Energy Storage Business Unit, said, “Our team is deeply honored by these recognitions for EP Cube. Since its launch, we have upheld a philosophy of meticulous craftsmanship and earned widespread acclaim across global markets.”

Further award information about EP Cube can be found on iF Design Award and MUSE Design Award official websites. 

About Canadian Solar Inc.
Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 150 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 10 GWh of battery energy storage solutions to global markets as of December 31, 2024, boasting a US$3.2 billion contracted backlog as of December 31, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About Eternalplanet
Eternalplanet is a consumer-oriented independent brand of energy storage solution provider under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About iF DESIGN AWARD
Since 1954, the iF DESIGN AWARD has been a globally recognized trademark when it comes to design excellence. The iF Design brand is internationally established as a symbol of outstanding design achievements. The iF DESIGN AWARD is one of the most important design prizes in the world. It honors design achievements in all disciplines: product, packaging, communication and service design, architecture and interior design as well as professional concept, user experience (UX) and user interface (UI). All award-winning entries are presented on ifdesign.com.

About MUSE DESIGN AWARD
The MUSE Design Awards is an international design competition dedicated to recognizing excellent and original design work from across the globe. With a mission to honor, celebrate, and elevate outstanding design innovators, MUSE also serves as a key stage to unveil up-and-coming stars in Architecture, Interior, Product, Landscape, Lighting, Furniture and Fashion Design worldwide.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT 
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com 

ETERNALPLANET PUBLIC RELATIONS CONTACT
Eli Hu
Public Relations
+86 137 5825 8975
eli.hu@eternal-planet.com 

University of Massachusetts Global, in collaboration with Emeritus, Unveils Online MBA Program to Empower the Next Generation of Business Leaders

HANOI, Vietnam, April 29, 2025 /PRNewswire/ — In response to the growing demand for professionals equipped with a global mindset and an acute understanding of diverse local business needs, the University of Massachusetts Global (UMass Global), a distinguished institution renowned for academic excellence, has announced the launch of its UMass Global Online Master of Business Administration (MBA) program for UAE, Hong Kong, Saudi Arabia, Vietnam, Indonesia, Malaysia, Philippines, Thailand, and Singapore residents. With the MBA program, UMass Global extends its legacy of excellence by providing a dynamic platform for international professionals to navigate the complexities of the modern business landscape. This program will not only open doors to global opportunities but also empower participants to forge impactful careers on an international scale.

The 18-month program distinguishes itself from all other online MBAs in the market as the only US university offering an online MBA, with a strategic focus on bridging the gap in the market. This program provides a unique global perspective, preparing professionals to excel in the international job market.

This high-impact program offers live learning sessions by industry experts. This emphasis on real-time learning experiences ensures that participants actively engage in dynamic discussions, collaborative projects, and networking opportunities. Alumni status from UMass Global ensures access to benefits akin to those of in-person programs, creating a robust network.

The UMass Global MBA stands out as a transformative educational journey for both emerging professionals and seasoned leaders. Tailored for early-to-mid-career professionals, the program fosters cognitive skills crucial for navigating regulatory, ethical, and social landscapes.

Commenting on the launch of the program, Ricardo Lorenzana, UMass Global’s Vice Chancellor, Partnerships and Dean, School of Extended Education, said, “We are thrilled to announce the launch of our MBA program in collaboration with Emeritus, a testament to UMass Global’s commitment to providing world-class education on a global scale. This program reflects our dedication to preparing the next generation of business leaders and fostering global connectivity while instilling in them the skills and insights needed to thrive in today’s dynamic and interconnected world.”

The program is set to begin on May 19, 2025, with a fee of USD 7,500. On successful completion of the program, participants will receive alumni status from UMass Global along with its alumni benefits. Interested participants can learn more about the program here.

 

Hikvision unveils Guanlan Large-Scale AI Models to power next-gen AIoT products and applications

HANGZHOU, China, April 29, 2025 /PRNewswire/ — Hikvision has announced the official launch of its Guanlan Large-Scale AI Models, a suite of machine learning engines pre-trained on deep industry knowledge. Designed to excel in computer vision, natural language processing, and multimodal fusion, these models set a new benchmark for AI-powered Internet of Things (AIoT) applications.

Hikvision unveils Guanlan Large-Scale AI Models to power next-gen AIoT products and applications
Hikvision unveils Guanlan Large-Scale AI Models to power next-gen AIoT products and applications

The philosophy behind Guanlan

Inspired by an ancient Chinese philosophy that reads the subtle language of water—”To understand the nature and movement of water, one must observe its waves”—Guanlan embodies the art of perceiving the underlying nature, principles, and nuanced dynamics of all things. Derek Yang, Vice President of Hikvision International Business Center, remarked: “Guanlan’s core philosophy of uncovering hidden patterns aligns perfectly with our mission to deliver smarter, faster, and clearer insights through large-scale AI models.”

Three-tier architecture driving scenario-based digitalization

Hikvision’s Guanlan Large-Scale AI Models feature a three-tier architecture, consisting of foundation models such as large vision, language, and multimodal models, industry models at the intermediate layer, and task models at the top. This architecture is designed to meet a wide range of needs from foundational functionality to complex scenario applications, enabling unprecedented capabilities and usability with:

  • Multimodal perception abilities that combine images, text, and more
  • Multiple deployment methods for advanced, flexible applications

With companies increasingly adopting AIoT technologies to address specific operational challenges and accelerate digital transformation, Hikvision has been shifting its focus from video security to broader AIoT applications. On this path, it has become increasingly clear that large-scale AI models will play a critical role in revolutionizing the industry, driving Scenario Digitalization across public and private sectors.

Product highlights

  • DeepinViewX Cameras: Powered by Guanlan’s large vision models, these cameras double video content analysis (VCA) range, halve repeated alarms, boost detection rates, and cut perimeter false alarms by over 90% compared to conventional AI solutions.
  • AcuSeek NVRs: Guanlan’s large multimodal models allow users to search for specific objects in video footage using natural language queries. Hikvision’s AcuSeek NVRs simplify the process of video retrieval, making it faster and more efficient.
  • Expanded AIoT Portfolio: Upcoming deployments include HeatPro-Series Thermal Cameras and Intelligent Checkpoint Cameras—both enhanced by Guanlan’s unparalleled agility and precision.

Try Guanlan today

Large-scale AI models greatly enhance object detection and information retrieval in videos. We look forward to seeing more industries benefit from Hikvision’s Guanlan Large-Scale AI Models and enjoy the intelligence and convenience they provide. We aim to promote the implementation of Guanlan Large-Scale AI Models across a variety of industries and organizations.

To learn more, visit our AIoT Technologies webpage. Alternatively, contact your regional Hikvision representative to schedule a live demo and discover how Hikvision products with Guanlan Large-Scale AI Models can transform operations—on demand and at scale.

DBS Foundation’s Inaugural “GBA Impact Beyond Dialogue 2025” to Explore the Future of an Ageing Society

Reimagining collaborative approaches to silver economy with government, businesses and social enterprises


HONG KONG SAR – Media OutReach Newswire – 29 April 2025 – As Hong Kong and other cities in the Greater Bay Area face challenges brought by an ageing population, DBS Foundation (“DBSF”) believes that a senior-friendly community can be a powerful driver for innovation and economic growth. DBSF today hosts its first-ever “GBA Impact Beyond Dialogue 2025: The Future of Ageing in Hong Kong & GBA”, which brings together leaders from the government, businesses and social enterprises, redefining the silver economy and exploring cross-sector and cross-border collaborations that transform ageing into a valuable asset for the economy and society.

Leaders from business and social sectors convene at the DBS Foundation's “GBA Impact Beyond Dialogue 2025” to explore collaborative solutions for ageing population and potential market of silver economy.
Leaders from business and social sectors convene at the DBS Foundation’s “GBA Impact Beyond Dialogue 2025” to explore collaborative solutions for ageing population and potential market of silver economy.

Ho Kai Ming, JP, Under Secretary for Labour and Welfare, HKSAR Government, emphasised during his opening remarks that collaborative efforts are needed to address the opportunities and challenges posed by an ageing population. “As we navigate the complexities of an ageing population, it is essential for the community to foster a culture of collaboration and innovation. This Dialogue offers an invaluable platform for stakeholders to collaborate, co-creating a supportive environment where seniors can thrive and contribute meaningfully to society,” he remarked.

The forum features a range of discussions from leveraging innovation to cultivate holistic wellbeing in an ageing society to promoting social inclusion in Hong Kong and other cities in the Greater Bay Area.19 local social enterprises were invited to showcase their innovative solutions including those focusing on addressing ageing issues in the silver economy.

The DBSF has committed to supporting social enterprises and promoting sustainable development since its establishment in 2014. DBS Bank pledged to invest up to SGD 1 billion (approximately HKD 5.7 billion) from 2024 over the next decade to support vulnerable communities.

Alphae Chen, Head of DBS Foundation and Head of Group Strategic Marketing and Communications, DBS Bank (Hong Kong) Limited, said, “At DBS Foundation, we believe that addressing the needs of our ageing population is not just a responsibility but an opportunity for transformation. At this inaugural ‘GBA Impact Beyond Dialogue 2025’, we aim to connect like-minded businesses to collaborate, share different perspectives and generate innovative ideas that will drive actionable solutions to empower and enable our seniors to age and live in dignity, and to foster a society where seniors are supported and engaged, where their life knowledge and experience can be shared across generations.”

In addition, the event introduces the three grantees of the DBS Foundation Grant 2024, recognising impactful social enterprises. Since the launch of the grant programme in 2015, DBSF has disbursed grants totalling SGD 21.5 million[1] (equivalent to HKD 123.8 million) to some 160 grantees. Last year, over 1,500 applications across key markets[2] were received, with 22 social enterprises awarded a total of SGD 4.5 million (equivalent to HKD 25.9 million) to scale up their business and benefit vulnerable communities. All in, their work is projected to collectively benefit more than 800,000 beneficiaries over two years.

Among the 22 grantees, three notable Hong Kong enterprises include The Project Futurus, which promotes positive ageing, dignity dining and social inclusion through education, advocacy, and community service; Motive Force, which advances elderly and disabled well-being through innovative gerontechnology, rehabilitation, and primary healthcare solution; and Rhys Workshop, which empowers marginalised communities with sewing training and remote work opportunities for sustainable careers.

For more information on DBSF’s work and the DBSF Grant, please visit: https://www.dbs.com/foundation/grants.html


[1] This figure includes this latest instalment of the DBS Foundation grant programme.

[2] Singapore, Mainland China, Hong Kong, Taiwan, India, Indonesia.

Hashtag: #DBSFoundation

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

DBS Foundation

DBS Foundation is committed to uplifting lives and livelihoods of those in need.

Since 2014, it has been championing innovative businesses for impact – businesses that are focused on addressing key societal issues, and achieve profit through purpose. Through philanthropic funding, capacity-building, mentorship and other support measures, DBS Foundation catalyses the growth and impact of these purpose-driven businesses.

It also seeks to ignite positive change by helping the underserved and underprivileged to build towards better circumstances. This includes providing essential needs to those without, and fostering inclusion by equipping them with financial and digital literacy skills.

DBS Foundation also works with other like-minded partners to ignite enduring change. Its vision is to spark collective action to help build a better world; to make every day better and every tomorrow brighter. For more information, please visit: .

Quhuo Reports Financial Results for the Second Half and Full Year 2024: Solidifying Core Business, Driving Diversified Growth Through Innovation

BEIJING, April 29, 2025 /PRNewswire/ — Quhuo Limited (NASDAQ: QH) (“Quhuo,” the “Company,” “we” or “our”), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and audited financial results for full year ended December 31, 2024.

2024 marked a year of strategic transformation for Quhuo. Despite market challenges, the Company strengthened its core businesses and achieved steady gross profit margin growth in certain business lines through enhanced cost efficiencies. Quhuo also pursued innovation by forming strategic partnerships domestically and internationally, expanding its business reach. The Company further deepened its corporate social responsibility by creating employment opportunities, offering insurance and training programs, and balancing commercial success with social value.

Core Business Focus: Streamlining for Quality Growth

In 2024, Quhuo achieved total revenue of RMB 3,046.9 million and an adjusted EBITDA of RMB 9.07 million. The Company demonstrated strong performance, recording positive EBITDA for three consecutive fiscal years. Cost control efforts resulted in a 19.4% year-on-year reduction in general and administrative expenses, reflecting the Company’s continuous efforts to improve operational efficiency. Research and development expenses dropped by 13.7%, leveraging AI to reduce costs and improve efficiency, driving development while optimizing labor input. These initiatives have allocated more resources to high-potential businesses, enhancing overall profitability.

In the second half of 2024, a sharpened focus on core businesses drove significant profit gains. Gross profit margin from shared-bike maintenance and ride-hailing services increased by 15.7% and 216.9%, respectively. In vehicle export solutions, AI-powered inspections improved individual productivity, raising the gross profit margin from 1.8% to 6.2% and pushing gross profit up by 11.5% year-over-year. By restructuring operations through a proprietary booking platform, housekeeping and accommodation solutions and other services boosted full-year gross profit margin from 26.4% to 36.4%, further strengthening the foundation of overall profitability.

Global Expansion: Building New Growth Engines

Since launching its vehicle export solutions in May 2023, Quhuo International has rapidly become a key growth engine for the Company. By the end of 2024, Quhuo International had shipped over 3,500 vehicles to overseas markets and launched Carnuxt, a recognized used vehicle certification brand and service system across the Middle East, Eastern Europe, and Western Asia.

In 2024, Quhuo International leveraged its expertise in local life services to develop a “technology + resources” solution for international markets – a model that has demonstrated promising success in Azerbaijan. In September 2024, Quhuo partnered with local electric vehicle dealer Volt Auto and mobility platform Bolt to launch a joint ride-hailing operations center. Through this collaboration, Quhuo International provided cost-effective Chinese electronic vehicles, supported by its mature technology platform and operational expertise, helping enhance local ride-hailing services.

Through its SaaS platform, Quhuo enabled its partner to optimize routes, monitor vehicles, and analyze operational data, enhancing both efficiency and service quality. On the ground, Quhuo’s team provided targeted training in key areas, such as driver matching and dispatch, enhancing the operational and systematic management capabilities of local ride-hailing services.

This model enables local dealers to swiftly integrate vehicles with ride-hailing platforms, ensuring a smooth transition from sales to active deployment and accelerating vehicle turnover. The success of this approach is demonstrated by repeat orders from the partner, providing strong market validation for Quhuo’s solutions.

Looking ahead, Quhuo plans to scale this model to additional international markets, combining technology and management to drive further growth. By building a collaborative global ecosystem for vehicle exports, Quhuo aims to enhance supply chain efficiency and deliver sustainable mobility solutions, solidifying its strategic position in global operations.

Business Model Innovation: From Fulfillment to Supply Chain Empowerment

In 2024, Quhuo took an innovative approach to maximize the value of its resources network by forming a strategic partnership with NIU World, a large-scale food group in China. Leveraging its well-established on-demand food delivery network, Quhuo now provides distribution services for NIU World’s beef products, repurposing its delivery infrastructure for higher-value use and marking a shift from fulfillment service provider to supply chain enabler.

The partnership operates on an “on-demand production and real-time fulfillment” model. Once an order is placed and paid, NIU World immediately prepares the beef, cutting, packing, and cold-processing it on demand, while Quhuo delivers the orders to end customers through its on-demand delivery network.

This model significantly reduces intermediaries, alleviates inventory pressure, ensures product freshness, and improves overall supply chain efficiency. Powered by Quhuo’s proprietary Quhuo+ platform, delivery routes are optimized for accuracy, ensuring efficient alignment between capacity and demand, enabling fresh beef to reach customers just hours after slaughter.

Following a successful pilot, the model is expected to drive revenue growth in 2025, paving a new path for expansion in Quhuo’s food delivery business. Future plans include expanding this model to other highly perishable food segments, aiming to build a flexible and efficient supply chain service for the catering industry.

Integrated Value: Aligning Growth with Social Responsibility

Alongside strong business growth, Quhuo remains committed to its corporate social responsibilities. By 2024, the Company had created flexible job opportunities for over 830,000 workers, including delivery riders and cleaners, while also providing commercial insurance and vocational training.

Quhuo’s business innovations also help address pressing social issues. Its EV exports reduce tens of thousands of tons carbon emissions annually, while its direct fresh beef supply model helps reduce food waste and promote sustainable consumption. Quhuo remains committed to leveraging business innovation to address social challenges and to set a benchmark for socially responsible enterprises.

Leslie Yu, Founder, Chairman, and CEO of Quhuo, said: “In 2024, we focused on stabilizing our cash-generating businesses while scaling innovative ventures, achieving steady operations and notable improvements in key business lines. Looking ahead, we will continue to optimize resource allocation, strengthen collaborative partnership, and enhance ecosystem resilience to deliver long-term, sustainable value to shareholders and contribute meaningfully to society.”

About Quhuo Limited

Quhuo Limited (NASDAQ: QH) (“Quhuo” or the “Company”) is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.

Safe Harbor Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding Quhuo’s business development, financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on Quhuo’s current expectations and involve risks and uncertainties. Quhuo’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties related to Quhuo’s abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) establish in its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationships with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares in relation to competitors in existing markets and its success in expansion into new markets. Other risks and uncertainties are included under the caption “Risk Factors” and elsewhere in the Company’s filings with the Securities and Exchange Commission, including, without limitation, the Company’s latest annual report on Form 20-F. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Quhuo undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.