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Uxin Announces Entry into Definitive Agreements for Financing

BEIJING, March 5, 2025 /PRNewswire/ — Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), China’s leading used car retailer, today announced that, it entered into certain definitive agreements with Fame Dragon Global Limited (the “Investor“), an investment vehicle of NIO Capital, pursuant to which the Investor agreed to purchase 5,738,268,233 Class A Ordinary Shares of the Company for a total consideration of US$27,876,506. The closings of the subscription are subject to customary closing conditions. The parties entered into the definitive agreements following the Investor’s acquisition and assumption of NC Fund’s rights and obligations under the previously announced binding term sheet entered into on March 18, 2024 among NC Fund, Xin Gao Group Limited and the Company.

About Uxin

Uxin is China’s leading used car retailer, pioneering industry transformation with advanced production, new retail experiences, and digital empowerment. We offer high-quality and value-for-money vehicles as well as superior after-sales services through a reliable, one-stop, and hassle-free transaction experience. Under our omni-channel strategy, we are able to leverage our pioneering online platform to serve customers nationwide and establish market leadership in selected regions through offline inspection and reconditioning centers. Leveraging our extensive industry data and continuous technology innovation throughout more than ten years of operation, we have established strong used car management and operation capabilities. We are committed to upholding our customer-centric approach and driving the healthy development of the used car industry.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to 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,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Uxin’s beliefs, plans, 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 the following: the risk and uncertainties as to the timing of the entry into definitive agreements or consummation of the transactions; the risk that certain closing conditions of the transactions may not be satisfied on a timely basis, or at all; impact of the COVID-19 pandemic; Uxin’s goal and strategies; its expansion plans and successful completion of certain financing transactions; its future business development, financial condition and results of operations; Uxin’s expectations regarding demand for, and market acceptance of, its services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China’s used car e-commerce industry; the laws and regulations relating to Uxin’s industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing.

For investor and media enquiries, please contact:
Uxin Limited Investor Relations
Uxin Limited
Email: ir@xin.com

The Blueshirt Group
Mr. Jack Wang
Phone: +86 166-0115-0429
Email: Jack@blueshirtgroup.co

ScamAdviser at MWC 2025: Addressing the Rising Threat of AI-Powered Scams

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — ScamAdviser, a leading brand in global enterprise scam prevention solutions, spotlighted the escalating threat of AI-driven scams at Mobile World Congress (MWC) 2025 during the “GASA x ScamAdviser Fireside Chat.” The session brought together industry leaders to explore the latest scam trends, the digital transformation of scam, and fintech’s role in combating financial crime.

Boice Lin, Chief Business Officer of ScamAdviser and Jorij Abraham, Managing Director of GASA at Mobile World Congress (MWC) 2025
Boice Lin, Chief Business Officer of ScamAdviser and Jorij Abraham, Managing Director of GASA at Mobile World Congress (MWC) 2025

ScamAdviser is based in Amsterdam, Netherlands, leverages AI and an extensive database network to power its proprietary website risk rating technology.

During the discussion, Jorij Abraham, Managing Director of GASA, and Boice Lin, Chief Business Officer of ScamAdviser, discussed how scams have evolved, from early malware to today’s deepfake-driven scams. They stressed the growing risks to fintech and telecom industries and the need for AI-driven intelligence and cross-sector collaboration to combat these attacks.

ScamAdviser’s SDK leverages data for scam prevention and risk assessment, acting as a data collection engine that integrates diverse datasets, such as phone behavior data, to improve applications like credit scoring and abnormal account activity detection. It extends protection from domain browsing security to safeguarding consumer communication data.

Boice Lin, Chief Business Officer, ScamAdviser shared, “The digital scam landscape is evolving at an unprecedented pace. Fintech and telecom operators have become prime targets. To stay ahead, the industry must leverage AI-driven scam detection and foster cross-sector intelligence sharing, ensuring a stronger, more proactive defense against emerging threats worldwide.”

Jorij Abraham, Managing Director, GASA: “Scams are now tied to organized crime, including human trafficking, making cross-industry cooperation essential. At GASA, we are building a worldwide anti-scam network, strengthening partnerships across sectors to drive real, scalable solutions against scam.”

ScamAdviser’s Role in Strengthening Scam Detection

Companies can leverage ScamAdviser’s Anti-Scam Intelligence (ASI) solutions through API or SDK integration to augment their existing products with advanced anti-scam capabilities, or choose to have ScamAdviser directly support the creation of dedicated scam prevention services.

ScamAdviser’s technology is currently utilized by leading companies across sectors, including e-commerce, cybersecurity, and social media. Google also highlights TrustScore ratings for shoppers trying to learn more about a merchant online in several global markets.

At the conclusion of the fireside chat, GASA and ScamAdviser reaffirmed their commitment to advancing scam prevention through AI, intelligence-sharing, and stronger industry partnerships. Their collaboration provides firms with real-time scam intelligence and risk mitigation tools to better defend against digital scams.

Mining License Issuance Suspended Pending Regulation Improvements

Mining in Laos (Photo: Lao New Wave Cinema Productions)

The Lao Ministry of Energy and Mines has temporarily suspended the issuance of new mining licenses, effective 28 February, in order to improve the regulations governing the trade of minerals and mineral products.

Tongyu Communication Unveils Revolutionary MacroWiFi at MWC 2025 in Barcelona

ZHONGSHAN, China, March 5, 2025 /PRNewswire/ — Tongyu Communication, a leading innovator in wireless technology, has launched its groundbreaking MacroWiFi product at the Mobile World Congress (MWC) 2025 in Barcelona. This new product demonstrates the milestone development of wireless communication technology in the application of large outdoor areas, marking a new era in outdoor smart communication.


Winnie Wu, Vice President of Tongyu Communication, emphasized the transformative impact of this innovation, stating, “MacroWiFi is not just a technological upgrade; it is a revolution in wireless networking. With its exceptional performance and innovative features, MacroWiFi will bring unprecedented changes to our lives and work.”

MacroWiFi revolutionizes the way businesses manage wireless connectivity, offering cloud-managed solutions that cater to vast farms, remote mountainous areas, and outdoor mining sectors. With deep innovation in antenna and RF design, the product features high-gain antenna arrays equipped with out-of-band filtering, ensuring high capacity and resistance to interference. With long-distance transmission protocols, MacroWiFi enables connectivity over distances of up to 2 km, offering reliable internet access powered by professional cloud management and billing platforms. This makes MacroWiFi an ideal solution for areas where traditional cellular networks fall short.

Key features of MacroWiFi include:

  • Extensive Coverage: Provides up to ten times the range of traditional WiFi, with a 1.5–2 km outdoor range and 180° wide-angle coverage.
  • High User Capacity: Supports up to 200 concurrent users, while ensuring efficient bandwidth distribution for seamless connectivity.
  • Cloud Management Platform: Enables centralized control and precise billing, improving the overall user experience and operational efficiency.

During this exhibition, in addition to MacroWiFi, Tongyu also showcased a variety of themed product series, including satellite communication, low-altitude integration, 5G Massive MIMO antennas, and base station antennas. Looking ahead, Tongyu Communication is committed to further enhancing their product lineup, focusing on expanding their global reach driving continuous innovation within the telecommunications sector.

About Tongyu Communication

Tongyu Communication Inc. was founded in 1996, specializing in the research, development, manufacturing, sales, and service of mobile communication antennas, radio frequency devices, and optical modules. With production bases in China, subsidiaries and branches in Europe and several locations around the globe Tongyu Communication has established a robust global presence. The company is committed to providing advanced solutions and driving technological advancements in the mobile communication industry.

For more information, please visit https://www.tongyucom.com

IT’S ALL ABOUT TRUST, Dongfeng Truck Enters Jakarta, DONGFENG DAY 2025 Staged Grandly in Southeast Asia


HONG KONG SAR – Media OutReach Newswire – 5 March 2025 – On February 20, the Southeast Asia DONGFENG DAY 2025 brand event was grandly inaugurated in Jakarta, Indonesia. Over 100 representatives from dealers, partners, and financial and media guests gathered from Southeast Asian countries and the ASEAN region, including Indonesia, Thailand, and Singapore, to review the achievements of Dongfeng Truck in 2024 and witness the unveiling of the new models DONGFENG GX, DONGFENG KC PRO, and DONGFENG KC PLUS, and outline the strategic blueprint for 2025.

IT’S ALL ABOUT TRUST, Dongfeng Truck Enters Jakarta, DONGFENG DAY 2025 Staged Grandly in Southeast Asia

The event showcased multiple exhibition areas, including port logistics, expressway, and mining areas. The exhibits covered a variety of models such as tractors and dumpers, as well as components like engines, transmissions, and wheel reduction axles. Dongfeng Truck highlighted both new energy and traditional energy solutions, delivering forward-looking technologies and specialized products across various scenarios. Focused on reliability, intelligence, and trust, Dongfeng Motor aims to create “the most reliable Chinese truck brand” to meet the diverse needs of global customers.

Ma Lei, Managing Director of China Dongfeng Motor Industry Imp. & Exp. Co., Ltd., attended the event and stated that Dongfeng Motor will always maintain an open and inclusive attitude, collaborate with local partners to accelerate overseas business extension and promote the vigorous development of the local industry.

Zhang Xiaofan, Deputy General Manager of the Dongfeng Motor Corporation Commercial Vehicle Department and Managing Director of Dongfeng Commercial Vehicle Co., Ltd., outlined the brand strength with the core values of “reliable, intelligence, and trust”. Dongfeng Truck prioritizes reliable quality, advancing in new energy, intelligent networking, and automation. It actively layouts a smart logistics ecosystem, builds a mature sales network, and creates a fast and efficient service support system. These efforts aim to provide global customers with the comprehensive value of products and support sustainable development in the transportation and logistics.

Dongfeng Motor has made a significant move in the Southeast Asia market as part of its global layout. Export business has always been one of the key drivers for the sales growth of Dongfeng Truck. Yang Tao, Deputy Managing Director of China Dongfeng Motor Industry Imp. & Exp. Co., Ltd., introduced the strategic plan for the Southeast Asia market from five perspectives: product, service, manufacturing, financing, and value. Currently, Dongfeng Truck has developed the GX, KC Plus, and KR platforms in the local market, offering a full range of high-end, medium, and mainstream products with both diesel and new energy options to meet Indonesia’s customized needs. In the future, Dongfeng will continue to enhance local manufacturing capabilities, provide diversified financial solutions, and pursue win-win partnerships.

High-end intelligence, redefining the benchmark. Ma Lei, Zhang Xiaofan, and dealers representatives unveiled the three new vehicles, DONGFENG GX, DONGFENG KC PRO and DONGFENG KC PLUS, which showcased top technologies and leading adaptability in Jakarta. These models are designed to be best-sellers with core features tailored to specific scenarios.

As a logistics specialist, the flagship DONGFENG GX matches world-class standards and has become a globally classic bestseller, with annual global sales exceeding 10,000 units. It has enhanced reliability by 30% through over 130 technological improvements and features an L2+ intelligent driving assistance system with a 95%+ takeover rate on highways, making it capable of handling extreme scenarios. It continues to lead the high-end express logistics market, setting a new benchmark for heavy-duty trucks. DONGFENG KC PRO is designed for heavy-duty transportation in mining and port areas. It features an integrated balanced suspension for strong anti-rolling ability. It is equipped with dCi-465ps industry-leading powertrain, which is more efficient and powerful. It has shown excellent reliability through long-term use by millions of customers. The DONGFENG KC PLUS is a high-performance heavy-duty dumper launched by Dongfeng Truck. It meets the Euro V emission standards and features an integrated chassis and hoisting design, offering strong carrying capacity and excellent overall performance. It is a reliable choice for heavy-duty transportation.

In 2024, Dongfeng Truck ranked second in the commercial vehicle industry, achieving annual sales of 385,400 units through seizing opportunities and close collaboration. It reflects the dedication of Dongfeng’s employees and the strong support of outstanding partners, which is also a vivid interpretation of “DRIVE YOUR DREAMS”. During the event, local customers and partner representatives shared their success stories, highlighting the bright prospects of their cooperation.

Dongfeng Truck, with its intelligent and reliable product capabilities and unwavering commitment to high-quality service, has won the high recognition of Indonesian partner, PT. INDO GLOBAL TRAKTOR. During the event, an order for 800 engineering dumpers was placed. Subsequently, Dongfeng Truck officially signed a strategic cooperation agreement with PT. LANCARJAYA MOTOR INDONESIA and PT. DAYA KOBELCO CMI to enhance its sales and service capabilities in Indonesia. The signing was witnessed by all the guests present.

Dongfeng Truck has always implemented the “Overseas Service Priority” strategy, dedicated to delivering exceptional customer experiences globally. In 2024, it partnered closely with local dealers in Indonesia to establish 24 service outlets. To enhance market coverage and service capabilities, Dongfeng Truck plans to increase the number of service outlets to 64 across Sumatra and Java islands, ensuring a service radius of under 50 km and 100% service coverage nationwide. Additionally, Dongfeng Truck guarantees a 100% issue resolution rate within 72 hours and aims for a 100% spare parts satisfaction rate to support efficient vehicle operations.

IT’S ALL ABOUT TRUST. Dongfeng Truck is eager to achieve mutual success and growth with outstanding partners. Facing the new opportunities in 2025, Dongfeng Truck will stay focused, set visionary goals, unite with determination to deliver high-quality products, and fully propel the Chinese commercial vehicle industry towards a brighter future!
Hashtag: #Dongfeng

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

WIC hosts AI Computing Power Development Forum in Spain

BEIJING, March 5, 2025 /PRNewswire/ — A news report from chinadaily.com.cn:

The AI Computing Power Development Forum, under the theme of “Building an Integrated, Inclusive, and Green AI Computing Power Ecosystem,” hosted by the World Internet Conference (WIC), took place during the Mobile World Congress 2025 in Barcelona, Spain, on Tuesday.

Yang Jianwen, Vice Minister of the Cyberspace Administration of China, addressed the forum. Yang noted that as the era of comprehensive intelligence unfolds, AI is profoundly reshaping industries and daily life, creating vast opportunities and driving the next wave of industrial transformation. To build AI computing power that is efficient and high-quality, secure and stable, inclusive and accessible, mutually beneficial, and environmentally sustainable, efforts should focus on strengthening collaborative innovation, optimizing infrastructure, making strategic investments in network facilities, expanding real-world application scenarios, and advancing green technology adoption.

Key speakers at the forum included Zhao Houlin, Former Secretary-General of the International Telecommunication Union; Sihan Bo Chen, Head of Greater China, GSMA; Li Zixue, Chairman of ZTE Corporation; Zhang Dong, Vice-President of China Mobile; Liu Jun, Executive Vice-President of Lenovo Group; Besik Bugianishvili, Chief Executive Director and Chairman of the Board of Directors of JSC Development Fund of Georgia; Jiang Tao, Co-founder and Senior Vice-President of iFlytek; Luigi Gambardella, President of ChinaEU; and Zhao Hejuan, Founder, Chairperson and CEO of TMTPOST Group.

The attendees unanimously agreed that inclusivity and cross-industry collaboration are essential for sustainable AI development and further international cooperation is needed to collectively address challenges related to computing power and energy consumption. They also expressed their hope that the WIC would play a greater role in such sectors as AI computing power, serving as a platform for global collaboration, accelerating digital transformation, and ensuring that digital technologies deliver greater benefits to humanity.

Huawei: Helping Carriers Reshape Business, Infrastructure, and O&M with AI

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — During MWC Barcelona 2025, Huawei is gathering carriers, industry partners, and opinion leaders from around the world to explore the intersection of 5G networks and AI, and how they can support one another to unlock new growth opportunities.

The company is showcasing a sweeping range of solutions:

  • AI-to-X – Shorthand for AI-to-Consumers, AI-to-Businesses, and AI-to-Homes, including a series of solutions that can help carriers expand into AI services for new, more targeted domains and achieve business growth
  • AI-Centric Network solution – Helping carriers build networks that can meet the challenging demands of new AI applications to ensure a smooth and superior experience
  • AI-powered O&M – Using AI to revitalize network O&M, and helping carriers achieve L4 autonomous networks (AN) for fully intelligent O&M

These discussions come at a time when high-quality, open-source AI models are developing fast, powering a new, more diverse wave of innovation in AI applications.

Huawei's booth at MWC Barcelona 2025
Huawei’s booth at MWC Barcelona 2025

Huawei’s theme this year is “Accelerating the Intelligent World”, and their star-studded booth in Hall 1 is designed to represent countless bits of intelligence lighting up the night’s sky. The company is showcasing its innovation in digital infrastructure and service applications for individuals, homes, and enterprises, as well as success stories created together with its customers and partners.

Evolving 5G networks to seize new opportunities

By the end of 2024, there were more than 2.1 billion 5G users around the world, and the numbers continue to grow. Huawei has been working with carriers to drive the development of 5G through both business and network innovation, helping them transition from mobile Internet to mobile AI.

In 2024, a number of pioneering carriers have already kicked off commercial 5G-Advanced (5G-A), launching 5G-A packages for users in more than 200 cities around the world. For consumers, these packages take advantage of 5G-A’s enhanced capabilities to provide an optimized user experience for scenarios like livestreaming and gaming, as well as metro and business travel. For carriers, these packages are an opportunity to go beyond traditional connectivity and start monetizing a more personalized experience for different users. Carrier progress in these domains has propelled the industry into an era of AI-powered 5G-A connectivity.

Huawei is actively working with carriers in China, Europe, the Middle East, and Asia Pacific to explore innovative experience monetization models, define application scenarios, design new offerings, and build their user base. This shift of focus from connectivity to experience has both improved user experience and increased carrier revenue.

AI-Centric Network

Huawei launched its AI-Centric Network solution that helps carriers upgrade their ICT network infrastructure to meet new demands on bandwidth, latency, coverage, and O&M brought about by a flood of new AI applications. It’s designed to help quickly reshape telecom service and business models to seize new opportunities in the age of AI.

With the rapid development of technologies like 5G-A, cloud, and AI, carriers will need to upgrade from connectivity service providers to digital service providers. To guide this process, Huawei is launching a three-layer technology architecture for carriers looking to transform from telcos to techcos, helping them tap into new business domains and open the door to new growth opportunities.

Accelerating Industrial Intelligence

At this year’s MWC, Huawei’s Enterprise Business is demonstrating how different industries can incorporate AI into their unique business scenarios using the company’s industrial intelligence reference architecture.
During the event, Huawei unveiled 83 different industry showcases with customers, and launched ten 10 major solutions to accelerate intelligent transformation together with its partners.

Pushing the boundaries of consumer devices and experience

Huawei’s consumer business will showcase a lineup of high-end, fashion-forward, and technology-driven flagship products at the event. Through multiple scenario-based experience zones, the company will share its latest innovations in foldable phones, fitness and health, photography, and creativity, focusing on how technology can further enrich people’s everyday lives.

Huawei believes in a human-centric approach to developing technology that shapes the future. In 2025, the company will continue to develop consumer products that push the boundaries of technology, provide an ultimate smart experience for all user scenarios, and build a high-end brand that consumers both love and trust.

MWC Barcelona 2025 will be held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.

In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world.

For more information, please visit: https://carrier.huawei.com/en/events/mwc2025

Huawei Cloud Stack Announces Six Scenario-specific Solutions for Carriers to Drive Efficiency, Revenue Growth, and Digital Inclusion

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — At MWC 2025, during the Huawei Cloud Carrier Forum, themed “Take a Cloud Leap to Transform from Telco to Techco”, Huawei released six Huawei Cloud Stack-based scenario-specific solutions for carriers around the world, as well as a Telco2Techco Cloud Leap Program. They aim to help carriers enhance operational efficiency and generate new revenue streams through cloud innovation.

Shang Haifeng, President of Huawei Hybrid Cloud, delivering an opening speech through digital human
Shang Haifeng, President of Huawei Hybrid Cloud, delivering an opening speech through digital human

Today, more and more carriers are transforming themselves from traditional telecommunications companies (telcos) to technology companies (or techcos). Shang Haifeng, President of the Huawei Hybrid Cloud, said: “This [telco-to-techco] transformation is not just about adopting new technologies; it is about redefining the role of carriers in a digital-first world. At Huawei Cloud, we are proud to partner with global carriers on their journey to becoming techcos.”

Johnny Lyu, CTO of International Business, Huawei Cloud Stack, delivering a keynote
Johnny Lyu, CTO of International Business, Huawei Cloud Stack, delivering a keynote

In recent years, carrier transformation has typically started with an all-cloud transformation for boosting operational efficiency and enriching services for an enhanced customer experience. Johnny Lyu, CTO of International Business at Huawei Cloud Stack, said: “Huawei Cloud Stack offers a reliable cloud foundation. Today, we are releasing six scenario-specific solutions for carriers, helping them improve the efficiency of their businesses, platforms, and services, and start a second growth curve.”

Huawei Cloud Stack’s six scenario-specific solutions for carriers include three for enhancing internal operational efficiency and three out-of-the-box solutions aimed at driving external revenue growth.

Leap to Cloud to improve efficiency

  • FinTech: This solution supports secure, high-performance, and flexible operational capabilities for Mobile Money. It helps ensure the compliance of both mobile financial services and data while enhancing user experience for their customers.
  • Marketing big data: This solution offers an efficient, one-stop, cloud-native data foundation with 200 built-in data models for simplified development. It guarantees 99.999% availability on the cloud, supporting customer acquisition and retention by carriers.
  • AICC: A solid, centrally managed cloud foundation for Artificial Intelligence Contact Center (AICC) ensures 24/7 availability for services such as digital ambassadors for customer service, AI scheduling, and AI voice analytics.

Spark innovation with out-of-the-box solutions

  • Smart government: Huawei Cloud Stack provides a unified cloud operations platform, enhancing capabilities in product listing, metering and billing, and customer management. This enables better public services for both businesses and residents as well as digitalized, modernized city governance.
  • Smart education: This solution offers course management, remote classrooms, and exam management on the cloud. A high-concurrency, high-performance platform supports AI-generated live captions in multiple languages as well as knowledge graphs.
  • Cloud phone: Huawei Cloud Stack supports cloud-based virtual phones with pre-installed apps, such as gaming and office tools. These virtual phones can serve as data backups for users, with flexible permissions control, helping carriers drive 4G conversion among subscribers.

Launch ceremony of Huawei's Telco2Techco Cloud Leap Program
Launch ceremony of Huawei’s Telco2Techco Cloud Leap Program

Huawei Cloud Stack, together with Orange, Zain Kuwait, iSoftStone, and ULearning, jointly launched the Telco2Techco Cloud Leap Program underpinned by six scenario-specific solutions for carriers. Focusing on 10+ innovative service scenarios, this program offers project support, marketing support, training, enablement, and more, helping carriers accelerate the transition from telcos to techcos.

MWC Barcelona 2025 will be held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.

In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world.

For more information, please visit: https://carrier.huawei.com/en/events/mwc2025