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Weihai Introduces Groundbreaking Industrial Park Pension Scheme‌

WEIHAI, China, Dec. 3, 2025 /PRNewswire/ — A news report from CRI Online:  

Weihai has rolled out a pioneering industrial park enterprise pension scheme, marking a significant step in advancing the corporate pension system and enhancing retirement security for businesses and employees in local industrial zones.

This park-wide pension model represents an innovative solution to enterprise pension challenges under new economic conditions. By standardizing plan design and simplifying administrative procedures, the scheme lowers participation barriers for companies, reduces operational costs, and improves management efficiency. Weihai’s proactive implementation of this model is expected to bolster talent retention and foster industrial growth within its parks.

Preliminary data indicate that 23 companies have already enrolled in the scheme during its initial phase, covering nearly 400 employees.

 

Bybit, Mantle, and Aave Partner to Bring Institutional-Grade DeFi Liquidity Onchain at Global Scale

DUBAI, UAE, Dec. 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and Mantle, the high-performance distribution and liquidity layer for real-world assets, today announced a strategic partnership led by TokenLogic with Aave to advance decentralized finance (DeFi) accessibility and unlock new onchain liquidity channels for users worldwide.

Bybit, Mantle, and Aave Partner to Bring Institutional-Grade DeFi Liquidity Onchain at Global Scale
Bybit, Mantle, and Aave Partner to Bring Institutional-Grade DeFi Liquidity Onchain at Global Scale

Under this collaboration, Aave will launch on Mantle Network, bringing the industry’s most trusted decentralized lending protocols to a scalable, low-cost, EVM-compatible Layer-2 built for institutional-grade applications and real-world assets. This integration will enable users to supply, borrow, and access tokenized assets powered by Mantle’s fast-growing DeFi, RWA, stablecoin, and restaking ecosystems.

The partnership deepens the alignment between Mantle and Bybit, uniting protocol-level innovation with global exchange distribution. With Bybit acting as the Global Liquidity Bridge, the collaboration will strengthen liquidity pathways between centralized and decentralized venues with future plans to explore a variety of product offerings on the exchange including but not limited to asset listing, on-chain earn products, etc., subject to regulatory approval and market readiness.

Unlocking a New Era of Onchain Capital Efficiency

Aave’s deployment on Mantle establishes a powerful foundation for scalable and composable DeFi strategies, unlocking new liquidity routes that benefit both individual and institutional participants.

Mantle’s Layer-2 infrastructure enhances the efficiency of Aave’s lending pools by reducing transaction costs and latency while supporting high-throughput market activity.

Bybit’s global exchange infrastructure complements this expansion by offering direct connectivity between centralized liquidity, collateral management, and onchain DeFi markets, providing an integrated pathway for over 70 million users worldwide.

As part of the partnership, MNT-based yield incentive programs will be introduced within Aave pools. These incentives aim to reward early participation, strengthen asset utilization, and catalyze healthy liquidity formation within the Mantle ecosystem.

“This partnership represents a major step toward making decentralized finance truly scalable and globally accessible,” said Emily Bao, Key Advisor at Mantle.. “By combining Aave’s proven liquidity engine with Mantle’s high-performance Layer-2 and Bybit’s worldwide market reach, we are building a unified financial experience that bridges CEX liquidity with the next generation of on-chain markets.”

“Bringing Aave to Mantle reinforces our mission to make high-performance DeFi infrastructure accessible to all,” said Emily. “Together with Bybit, we are creating a more connected liquidity environment – one where users and institutions can engage with decentralized markets confidently, efficiently, and at global scale. This collaboration sets the stage for deeper integrations and future market opportunities.”

“This deployment on Mantle, together with Bybit’s global distribution, connects institutional-grade infrastructure with Aave’s deep, 24/7 liquidity,” said Stani Kulechov, Founder of Aave Labs. “By bringing Aave’s lending markets to Mantle’s high-performance network with direct access to Bybit’s exchange, this integration makes transparent, onchain finance available at global scale for institutions worldwide.”

“Deploying Aave on Mantle represents an important milestone in expanding our protocol across high-throughput networks to make DeFi win,” said Matthew Graham, Founder and CEO at TokenLogic. “We’re excited to see a lot more users benefit from the efficiencies and new liquidity sources unlocked through this integration with Mantle and Bybit.”

Advancing the Future of Integrated On-chain Finance

The partnership between Bybit, Mantle and Aave represents a decisive move towards a more unified, liquid, and accessible on-chain financial system. By combining Aave’s protocol security, Mantle’s execution performance and Bybit’s global distribution, the collaboration lays the foundation for the next phase of scalable DeFi infrastructure where capital can move seamlessly between centralized platforms and decentralized protocols.

Together, the partners aim to accelerate global DeFi adoption and deliver a frictionless financial environment for retail users, builders, and institutions across the world.

About Mantle

Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows.

With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer.

For more information about Mantle, please visit: mantle.xyz

For more social updates, please follow: Mantle Official X & Mantle Community Channel  

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

About Aave

Aave is the world’s largest and most trusted decentralized finance (DeFi) platform, with $55 billion in deposits and over $23 billion in active loans. Built entirely on blockchain software and governed by its community of AAVE token holders, Aave operates as a global savings and borrowing network where people can earn by depositing crypto or stablecoins, borrow instantly using crypto as collateral, save and grow assets automatically, and swap tokens directly in the platform. Everything runs on transparent smart contracts, with no banks, no paperwork, and 24/7 open access worldwide. Visit at Aave.com

About TokenLogic

TokenLogic is a pioneer in non-custodial asset management and on-chain growth solutions, empowering individuals and institutions to maximize the potential of decentralized finance. As an Aave Service Provider, TokenLogic delivers specialized expertise across treasury management, protocol analytics, and GHO growth initiatives, to strengthen and scale the adoption of Aave’s GHO stablecoin and the broader Aave Protocol liquidity ecosystem. Built on principles of transparency, security, and user autonomy, TokenLogic designs smart-contract–driven strategies that enable users to retain full control of their assets while accessing sophisticated yield and liquidity management. The company continues to expand its suite of products across major DeFi ecosystems, redefining how capital moves and grows on-chain.

Hong Kong: Independent committee to conduct comprehensive and in-depth review following major fire


HONG KONG SAR – Media OutReach Newswire – 2 December 2025 – The Hong Kong Special Administrative Region (HKSAR) Government is going all out to support victims and investigate the cause of a massive fire that engulfed seven out of eight high-rise residential blocks at Wang Fuk Court in Tai Po, Hong Kong, on November 26.

The tragedy prompted an outpouring of support from the public and urgent actions from the HKSAR Government to provide all-round assistance to the victims while launching a thorough investigation into the cause of the blaze.

Government support across multiple areas

John Lee, Chief Executive of the HKSAR, emphasised that the Government attaches high importance to the well-being of affected residents, focusing not only on immediate relief aid but also their various long-term living needs.

As a top priority, the Government immediately started providing support across multiple areas, including financial aid, accommodation, medical assistance, and counselling.

Regarding financial support, the Government has been offering an emergency cash subsidy of HK$10,000 (US$1,282) per affected household, with more than 1,900 households registering for the subsidy.

Moreover, the Support Fund for Wang Fuk Court in Tai Po has been set up with an initial HK$300 million (US$38 million) injection from the Government. The fund has so far raised a total of HK$2.3 billion (US$294 million), including HK$2 billion (US$256 million) from donations. The fund will be used to assist the residents in rebuilding their homes and providing long-term and sustained support, including families of each deceased victim receiving HK$200,000 (US$25,641) as a token of solidarity as well as HK$50,000 (US$6,410) to cover funeral costs.

As for foreign domestic helpers who lost their life in the incident, the next of kin of each deceased helper will receive roughly HK$800,000 (US$102,564) from the Government, including a one-off financial assistance of HK$250,000 (US$32,051) and the statutory compensation of over HK$500,000 (US$64,102).

The Government will also provide four special subsidies, namely the injury grant (HK$50,000 to HK$100,000, i.e. US$6,410 to US$12,820), the student grant (HK$20,000, i.e. US$2,564), the subsidy for workers (HK$20,000, i.e. US$2,564) and the subsidy for foreign domestic helpers (HK$20,000, i.e. US$2,564).

So far, more than 1,000 residents have been accommodated in youth hostels/camps or hotel rooms and another 1,600 residents have moved into transitional housing units. Furthermore, two shelters remain in operation for residents in need.

HKSAR’s Chief Executive John Lee (third left) visits affected residents being accommodated in transitional housing
HKSAR’s Chief Executive John Lee (third left) visits affected residents being accommodated in transitional housing

Criminal and fire investigations

Initial investigations have raised serious concerns in a number of areas with more than a dozen individuals from various construction and engineering consultancy companies arrested on suspicion of manslaughter in connection with the tragedy.

Various building materials, including scaffolding netting, foam boards and canvas, have been seized from the scene for further testing and investigation. The Police and the Independent Commission Against Corruption have established a joint task force to conduct a comprehensive criminal investigation.

Independent committee to conduct review

Mr Lee has also announced the establishment of an independent committee, headed by a judge, to conduct a comprehensive and in-depth review.

“I call for a thorough investigation and serious reform. We’ll overcome the obstacles of vested interests, pursue accountability, regardless of who he or she is. We must uncover the truth, ensure that justice is served, let the deceased rest in peace and provide comfort to the living.

“While criminal and fire investigations are proceeding continuously, I will establish an independent committee to conduct a comprehensive and in-depth review to reform the building works system and prevent similar tragedies from occurring in the future. To ensure the committee’s independence and credibility, I will invite a judge to lead its work. I shall liaise with him to define its detailed terms of reference, and at the same time, I will explore ways to assist in supporting the committee’s operational efficiency such that the Government can provide more detailed information or carry out some work on its direction so as to enable it to complete its task efficiently and submit a report early to the Chief Executive with recommendations to assist the Government to make the reform,” Mr Lee said on December 2.

Meanwhile, the Chief Executive announced that the upcoming Legislative Council General Election would go ahead as planned on December 7.

“Only by enabling the new Legislative Council members to assume their duties promptly can we advance post-disaster reconstruction, follow-up support, recovery efforts, and the necessary legislative reviews and reforms more swiftly and effectively,” Mr Lee said. “Many initiatives require Legislative Council deliberation, funding approval, and law-making before implementation. This represents the most responsible approach towards Hong Kong’s future.”

Hashtag: #hongkong #support #investigations #recovery #review #reforms





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

Natural Field Releases “Ashwagandha White Paper” and Landmark Liposome Research Achievements at 2025 FTA (Food Research Exchange Super Ingredients Conference)

HANGZHOU, China, Dec. 3, 2025 /PRNewswire/ — Against the backdrop of the accelerated upgrading of the global functional nutrition industry, technology-driven ingredient enterprises are increasingly emerging as the core force of the industrial chain. In November 2025, the FTA (Food Research Exchange Super Ingredients Conference) was successfully held in Hangzhou, gathering renowned enterprises from the fields of functional foods, nutritional ingredients, and innovative technologies to jointly showcase the latest industry trends. Among them, Natural Field, a company with years of experience in plant active substances and liposome delivery technology, collectively released a series of scientifically significant achievements with industry strategic value. It also won important awards at the conference for its multiple co-loading liposome products, establishing itself as one of the most watched upstream innovative enterprises at this year’s event.

During the conference, Natural Field conducted in-depth exchanges with industry experts, research institutions, and brand enterprises around hot topics such as “adaptogen”, “standardization of plant active substances,” and “liposome delivery systems.” The company not only announced the white paper and multiple technical data achievements but also demonstrated the latest progress in product R&D, platform technology construction, and industrial application implementation, reflecting its forward-looking layout and comprehensive strength in driving technological innovation in the functional nutrition sector.

At the main forum of the conference, Mr. Yang Haiying, founder of Natural Field, officially released the “Ashwagandha White Paper on”. As the first domestic enterprise to publish a comprehensive document on ashwagandha, Natural Field systematically sorted out the structural characteristics, mechanism of action, market trends, and product application logic of ashwagandha’s active ingredients in the white paper. Speaking at the launch, Mr. Yang stated that the adaptogen concept has entered a stage of rapid development in the global market, but there are still discrepancies in the industry’s understanding of its mechanisms, standardization, and raw material authenticity. Therefore, systematic research and data collation are crucial to ensuring the healthy development of the market. The release of the white paper attracted great attention from research institutions, brand owners, and R&D engineers, with many participants praising it as “the most systematic professional document on ashwagandha from a scientific research perspective in China.”

In addition to the research achievements in the adaptogen field, Natural Field’s progress in liposome technology became a key technical highlight of the conference. At the liposome technology sub-forum, Dr. Duan, leader of the innovative preparation research on co-loaded liposomes at Natural Field, delivered a professional speech, detailing the company’s latest research results in liposome and co-loaded liposome technologies. His speech focused on three major challenges commonly faced by functional nutrition products in oral applications: insufficient stability, low absorption efficiency limiting efficacy, and difficulty in achieving synergistic delivery of multiple ingredients. By presenting experimental data on co-loaded liposomes for Coenzyme Q10, curcumin, and other ingredients, Dr. Duan demonstrated that through structural encapsulation design, intermolecular synergistic configuration, and liposome morphology optimization, the metabolic pathway of ingredients in the human body can be significantly improved, bioavailability enhanced, and functional performance strengthened in certain inflammatory models.

Notably, Natural Field also disclosed data on the performance of some co-loading liposomes in myocarditis and intestinal inflammation models during the presentation. These data highlighted the advantages of co-loading technology in synergistic stability, consistent efficacy, and in vivo distribution of multiple ingredients, triggering intense discussions among on-site technical personnel. After the forum, leaders from multiple participating brand enterprises communicated with Natural Field, expressing intentions to cooperate in product development, technical verification, and ingredient combination design.

Leveraging its solid scientific research strength and technical achievements, Natural Field’s raw material products won awards at this year’s Very Food Innovation Conference. Its NF Co-loading® Liposomal Coenzyme Q10 (raw material) received the “Cardiovascular Health Award” in recognition of its technical breakthroughs in stability, absorption efficiency, and process maturity. Meanwhile, NF Co-loading® Liposomal Coenzyme Q10 (finished capsule product) won the “Potential New Product Award” for its excellent application implementation capabilities. Additionally, the company’s previously developed NF Co-loading® Liposomal Curcumin had already been awarded the Gold Award for Innovation in Natural Ingredients at the 2025 CPHI, further solidifying its technical position in co-loaded liposome technology in the international market.

Beyond showcasing core scientific research achievements, Natural Field also systematically presented its “one-stop liposome service platform” to the industry during the conference. Based on years of experience in functional ingredient research, the company has established a full-process platform system covering raw material screening, liposome encapsulation design, co-loading technology development, stability test verification, efficacy model research, and finished product application support. This platform not only provides domestic brand enterprises with systematic technical support from raw materials to finished products but also attracted technical cooperation intentions from brands in Europe, America, Japan, and other regions. Industry experts commented that a company truly capable of integrating plant active substance research with delivery system construction will become a crucial ecological player in the future competition of the functional nutrition industry.

Natural Field stated that it will continue to conduct in-depth research on key technical issues in the functional nutrition industry and plans to release new data on multiple ingredient synergistic delivery, liposome structure optimization, and application stability research in the coming year. In the future, the company will continue to participate in major domestic and international industry exhibitions, maintain technical exchanges with global research teams and nutrition brands, and jointly promote the industry towards a more scientific, efficient, and safe direction.

As innovative technology plays an increasingly important role in the functional nutrition industry, Natural Field’s concentrated release at the Very Food Innovation Conference marks the industry’s transition from “raw material competition” to “technology competition.” Through continuous scientific research investment and technical integration capabilities, Natural Field is becoming a key driving force in advancing the industry into the era of efficient delivery.

Natural Field received multiple international awards for its NF Co-loading® liposomal CoQ10 and Curcumin, highlighting its breakthroughs in stability, absorption, and application innovation.
Natural Field received multiple international awards for its NF Co-loading® liposomal CoQ10 and Curcumin, highlighting its breakthroughs in stability, absorption, and application innovation.

Kling O1 Launches as the World’s First Unified Multimodal Video Model

HONG KONG, Dec. 2, 2025 /PRNewswire/ — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, announced that on December 1, 2025, Kling AI officially unveiled Kling O1, positioned as the industry’s first unified multimodal creation tool. Powered by next-generation video and imaging architectures, Kling O1 integrates text, video, image, and subject inputs, consolidating all generation and editing tasks into a single, all-encompassing engine. This launch definitively resolves the “consistency challenge” regarding characters and scenes in AI video generation, providing a deeply integrated, one-stop solution tailored for film, television, social media, advertising, and e-commerce.

The Unified Model: A Paradigm Shift in Video Creation

As the pioneer of unified multimodal video models, Kling O1 is engineered on a Multimodal Visual Language (MVL) framework. It transcends the boundaries of traditional single-task video generation models by fusing a comprehensive spectrum of capabilities – including reference-based video generation, text-to-video generation, start and end frame generation, video in-painting (content insertion and removal), video modification and transformation, style re-rendering, and shot extension – into one versatile engine. This eliminates the need for creators to toggle between disparate models and tools; the entire creative lifecycle, from inception to refinement, is now a seamless, single-stream workflow.

Leveraging deep semantic reasoning, Kling O1 is able to interpret all user inputs – whether images, video clips, specific subjects, or text – as executable prompts. By removing modality constraints, Kling O1 achieves a holistic understanding of elements from multiple perspectives, generating output with pixel-perfect precision.

With its user-friendly multimodal prompt input interface, Kling O1 transforms complex post-production editing into a simple, conversational experience. Bypassing the need for manual masking or keyframing, users can simply input prompts such as “remove passersby,” “transition day to dusk,” or “swap the protagonist’s attire.” Kling O1 decodes the visual logic, executing pixel-level semantic reconstruction – ranging from targeted subject replacement to full-frame style re-rendering. In addition, Kling O1 supports a full suite of editing functions, including image/subject referencing, video content editing, shot transitions, first- and last-frame generation, and text-to-video generation.

Addressing the critical pain point of character and scene inconsistency in real-world AI video adoption, Kling O1 features enhanced foundational comprehension of images and videos. Acting with “director-like memory,” the model retains the identity of main characters, props, and settings, ensuring feature stability amidst dynamic camera movements. Furthermore, the model excels in multi-subject integration. Users can mix and match multiple subjects or blend them with reference images. Even in complex group scenes or interactive scenarios, Kling O1 independently tracks and preserves the fidelity of each character and prop, delivering industrial-grade consistency across all shots.

Kling O1 enables “skill combos,” transcending single-task limitations. Users can command the model to “insert a subject while simultaneously modifying the background context” or “generate from a reference image while shifting the artistic style.” This capacity to execute a compound creative variation in a single pass exponentially expands creative freedom and flexibility, enabling a true alchemy of ideas.

Regarding video duration, Kling O1 restores temporal control to the creator, supporting generation lengths between 3 and 10 seconds. Whether crafting a brief visual impact or a sustained narrative arc, pacing is entirely user-defined. Notably, as part of the unified model, Kling O1’s first- and last-frame capabilities will soon support the 3-10 second range, further enhancing narrative flexibility.

Kling AI also unveiled the Kling O1 image model, enabling seamless end-to-end workflows from basic image generation to advanced detail editing. Users can generate images from text alone or upload up to 10 reference images to inspire and guide new creations. The model offers four key advantages. First, it ensures high feature retention, keeping subject elements stable and consistent. Second, it offers high-precision detail editing, aligning every adjustment with user expectations. Third, it maintains accurate style control, ensuring a consistent visual tone throughout. Fourth, it delivers exceptionally rich creativity, enabling more dynamic and expressive creative outputs, truly making “what you envision is what you get” a reality.

One Model, Diverse Creative Scenarios: Empowering Film, Television, Social Media, Advertising, and E-Commerce

Combining both generation and editing into a single solution, the all-new Kling O1 is uniquely adapted for film, television, social media, advertising, and e-commerce scenarios. Whether building narratives from scratch or restructuring existing element, Kling O1 flexibly leverages its referencing and editing capabilities to streamline production.

In film and television production, utilizing robust image (subject) consistency and a dedicated subject library, Kling O1 maintains strict continuity of characters, costumes, and props across every shot, effortlessly generating coherent cinematic sequences. For video editors and social media creators, with prompts as simple as “remove passersby from the background” or “enhance sky color,” Kling O1 automatically performs pixel-level intelligent repair and reconstruction.

To mitigate the high costs and logistical friction of traditional offline advertising shoots, with Kling O1, users can upload images of products, models, and scenes, add a few simple prompts, and rapidly generate multiple high-impact product showcase ads, significantly cutting production costs. To solve the hassles of scheduling models and outfit changes, Kling O1 allows for a 24/7 virtual runway. By uploading model and clothing images and inputting prompts, Kling O1 flawlessly renders fabric textures and details, producing high-quality video lookbooks at scale.

Kling O1’s robust and full-featured capabilities are driven by groundbreaking innovations in its technical architecture. The brand-new Kling O1 video model dismantles traditionally fragmented video generation, editing, and comprehension features, creating a next-generation unified generative foundation. By combining the Multimodal Transformer with built-in multimodal comprehension and multimodal long-context, Kling O1 thoroughly integrates diverse tasks into a single, cohesive workflow.

About Kuaishou

Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.

Forward-Looking Statements

Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

For investor and media inquiries, please contact:
Kuaishou Technology
Investor Relations
Email: ir@kuaishou.com 

 

Mt Pelerin launches the crypto IBAN

GENEVA, Dec. 2, 2025 /PRNewswire/ — At Mt Pelerin, we are excited to announce today the launch of personal crypto IBANs.

With this new feature, our users can transform their self-custodial wallets into something more: a universal account that seamlessly sends and receives money across both blockchain and traditional banking networks.

A core tenet of Bitcoin and cryptocurrencies is self-custody, the fact of owning and controlling one’s money without any third party that could seize or freeze funds. It means financial freedom, but in practice it often means being disconnected from the rest of the world that uses the traditional banking system.

Thanks to our new crypto IBAN, this now changes and makes self-custody more convenient and integrated into everyday life.

With it, users can create a personal euro or Swiss franc IBAN and attach it to their crypto wallet, which enables them to:

  • Receive bank transfers from anyone,  directly converted into crypto on their own wallet.
  • Send bank transfers to anyone , using crypto from their wallet.

These payments look like any standard bank transfer, sent and received from an IBAN in the user’s name, while the crypto settlement happens seamlessly in the background.

This feature is a milestone for us, as our mission is to promote and simplify self-custody to make it a practical alternative to a traditional bank account.

Today, that vision is now reality. By giving a wallet its own IBAN, it becomes a powerful tool to hold and manage money without any third-party custody, while still being able to make transactions with the rest of the world.

It becomes a tool to opt-out from the custody of the banking system, the key to unlock financial freedom.

About the IBAN

  • The EUR and CHF IBANs are located in Switzerland (which is in the SEPA zone).
  • Both individuals and organizations can receive an IBAN.
  • Users from all over the world can request an IBAN, except from our list of excluded countries.
  • The IBAN is free.
  • Conversions between fiats and the ZCHF stablecoin are free.
  • For conversions with other cryptocurrencies, our standard fees apply.
  • The IBAN can be linked to any self-custodial wallet.
  • The IBAN can be used with 30+ cryptocurrencies on 15 chains.
  • The IBAN is not a bank account, it doesn’t have to be declared as such.
  • Available on app.mtpelerin.com and on mobile wallet app.

Contact

Yann Gerardi
Head of marketing
yann.gerardi@mtpelerin.com  
www.mtpelerin.com

Lytx Receives Frost & Sullivan’s 2025 Global Company of the Year Recognition for Commercial Vehicle Video Telematics Leadership

Recognized for pioneering AI-driven video telematics solutions that transform fleet safety, efficiency, and operational intelligence.

SAN ANTONIO, Dec. 2, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that Lytx®, Inc. has received the 2025 Global Company of the Year Recognition in the commercial vehicle video telematics industry for its exceptional contributions to AI-powered fleet safety and predictive risk management. This recognition underscores Lytx’s consistent leadership in converting video, data, and analytics into actionable insights, enabling fleets worldwide to improve operational outcomes, enhance driver safety, and reduce costs.

This recognition underscores Lytx’s consistent leadership in converting video, data, and analytics into actionable insights, enabling fleets worldwide to improve operational outcomes, enhance driver safety, and reduce costs.
This recognition underscores Lytx’s consistent leadership in converting video, data, and analytics into actionable insights, enabling fleets worldwide to improve operational outcomes, enhance driver safety, and reduce costs.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Lytx excelled in both, demonstrating its ability to align strategic initiatives with market demand while executing them efficiently, consistently, and at scale. “Lytx has redefined commercial vehicle video telematics by combining advanced AI algorithms with real-time video analytics, delivering measurable reductions in risk and operational costs while enabling proactive driver coaching,” said Aaron Roberts, program manager at Frost & Sullivan.

Guided by a long-term growth strategy focused on technology innovation, predictive safety, and customer success, Lytx has shown its ability to adapt and lead in a rapidly evolving mobility landscape. The company’s strategic foresight and sustained investment in AI-powered video telematics have enabled it to scale effectively across over ninety countries, protecting more than 5.5 million drivers and analyzing more than 311 billion miles of driving data.

Innovation remains central to Lytx’s approach. Its integrated suite of products—including the Lytx DriveCam® SF400 Series Event Recorder, Lytx Surfsight™ AI-14 Dash Cam, and the proprietary Lytx Dynamic Risk technology powered by MV+AI Gen 2—provides fleet operators with real-time insights into driver behavior and contextual risk. “We are grateful to Frost & Sullivan for recognizing Lytx’s longstanding dedication to advancing fleet safety and delivering measurable results for our clients,” said Chris Cabrera, Chief Executive Officer at Lytx. “Lytx is commitment to operational excellence and empowering fleets with the actionable insights they need to protect their drivers and their bottom lines. As we look ahead, we remain focused on setting new standards for intelligent mobility and partnering with our customers to create safer roads for everyone.” These solutions transform traditional video telematics into proactive safety and operational intelligence systems, enabling immediate interventions and targeted coaching that preempt accidents and reduce claims.

Lytx’s commitment to customer experience further strengthens its market position. By delivering intuitive, cloud-based platforms, advanced analytics, and seamless integrations, such as Lytx+ä with Geotab, the company ensures high service availability and empowers fleet managers to make informed, data-driven decisions. Its partner-led deployment and localized support model provide consistent value across fleets of every size, reinforcing Lytx’s reputation for reliability and performance.

Frost & Sullivan commends Lytx for setting a benchmark in strategic execution, innovation, and market responsiveness. The company’s vision, forward-looking technology roadmap, and customer-first culture are driving the transformation of commercial vehicle video telematics, demonstrating how predictive intelligence can improve safety, operational efficiency, and cost outcomes at scale.

Each year, Frost & Sullivan presents the Global Company of the Year Recognition to an organization that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, operational efficiency, and customer satisfaction. This recognition highlights companies that are shaping their industries through innovation, technological maturity, and leadership excellence.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com 

About Lytx
Every day, companies send their most valuable assets into the world. Their people. Their equipment. Their reputations. For nearly three decades, Lytx has given fleets the tools to manage and protect all the assets they have in motion – helping them stay connected with their field operations so they can focus on delivering value and growing their businesses. Using proprietary machine vision and artificial intelligence technology to power our video safety and video telematics solutions, Lytx helps protect and connect more than 5.5 million drivers and thousands of fleets, including more than half of the 10 largest carriers in North America. Lytx’s powerful network of partners and resellers further extends the reach and impact of our technologies across more than 90 countries. For more information about Lytx or to connect with us, visit www.lytx.com, LinkedIn, @lytx on X, Facebook or YouTube. 

Contact:
Jason Andersen
E: press@lytx.com

VEVOR Shatters Sales Records: Tops U.S. Tools & Hardware on TikTok Shop During Black Friday

NEW YORK, Dec. 2, 2025 /PRNewswire/ — On Black Friday, November 28, VEVOR strengthened its leadership on TikTok Shop across the United States, claiming the No.1 spot in the GS POP Tools & Hardware category with a record-breaking sales performance. Across its four U.S. stores, VEVOR generated $1.5 million in GMV in a single day, with VEVOR Store US contributing more than $1 million alone. This capped off a month of rapid acceleration – November GMV grew by over 50% month-over-month and nearly doubled year-over-year.

VEVOR claiming the No.1 spot in the GS POP Tools & Hardware category
VEVOR claiming the No.1 spot in the GS POP Tools & Hardware category

Beyond the revenue surge, the brand also saw exceptionally fast sell-through across its hero products. VEVOR’s top sellers – including the Impact Socket Set, Mechanic Work Stool, and Home Power Tool Combo Kit—moved at a pace far above typical daily volumes. This surge wasn’t just algorithmic; it was fueled by marathon livestream sessions where viewers watched live torque tests, triggering immediate add-to-cart spikes. During peak shopping hours, checkouts ran nearly nonstop, with new orders coming in every few seconds and thousands of Impact Socket Sets sold before noon. The product then continued to gain momentum across TikTok Shop, drawing strong user recommendations and reinforcing its position as the community’s preferred choice in the category. This momentum extended beyond the platform as well, with Google Trends showing a notable increase in search interest for VEVOR and its top products during the Black Friday period.

To engage its community ahead of Black Friday, VEVOR also launched a TikTok Challenge #GloryInTheImperfectTry, encouraging creators to share their most inventive attempts and experiments in everyday life. The campaign inspired a wave of user videos—from garage makeovers to furniture builds—highlighting a playful, creative community willing to take on new challenges.  Along the way, participants shared candid experiences with VEVOR products: one mentioned that the kit finally helped them complete a long-delayed shed makeover, while another noted that the socket set made quick work of a car repair, feeling surprisingly solid and reliable for the price.

“This milestone isn’t just about strong sales—it’s about the trust our community places in us,” said Gavin, VEVOR Brand Director. “Seeing shoppers choose VEVOR repeatedly, especially during the most competitive shopping day of the year, reinforces that people see us as a dependable partner in their projects. We’re grateful for that trust, and we’ll continue delivering solutions that help home creators tackle every challenge with confidence.”.

With its commitment to high-quality products and exceptional value, VEVOR empowers home creators to tackle any project with confidence. From everyday repairs to ambitious DIY builds, the brand makes home improvement easier, more efficient, and more rewarding. Looking ahead, VEVOR will continue to refine its product portfolio and enhance the customer experience, providing home improvement solutions that help households and creators across the country bring their ideas to life.

About VEVOR

VEVOR is a home improvement brand offering practical, sturdy, and user-centered products that enrich creativity and daily usability. In its wide-ranging product lineup, including everything from the bathroom to the workshop and from DIY to light industry, the company aims to give users a measure of self-production on their own terrain.

With over 20 million global users, VEVOR continues to empower home creators with pro-performance gear, affordable pricing, and an integrated ecosystem designed to unlock every home’s potential.

Media Contact:
Company: VEVOR
Email: media@vevor.com
Website: https://www.vevor.com