BEIJING, Nov. 20, 2025 /PRNewswire/ — What lies at the heart of the Chinese spirit? China Media Group’s flagship cultural program for 2025, Chinese Etiquette & Ceremonies, seeks to answer this question in a single word: Li — the traditional concept of etiquette and ritual propriety.

Chinese Etiquette & Ceremonies will premiere on November 21 at 10:30 PM on CCTV-1 (Comprehensive Channel), followed by a broader international broadcast on CCTV-4 (Chinese International Channel) starting on November 22 at 7:45 PM. This groundbreaking series invites viewers on a journey through 5,000 years of Chinese civilization to explore its cultural foundations.

The 11-episode series examines how Li has shaped personal cultivation, family values, and social norms throughout history. It offers deep insight into the origins, evolution, and modern relevance of China’s ritual and musical traditions. Visually and conceptually ambitious, the program blends interactive studio segments with immersive on-location documentaries. Advanced technologies, including LED virtual sets, real-time Visual Jockey effects, and TouchDesigner-driven audio-visual interactions, deliver a rich, immersive viewing experience that brings ancient heritage to life.

Nearly 50 esteemed guests — renowned scholars, artists, and film/television personalities — contribute their perspectives, making this series a true cultural event. This grand exploration of Chinese ritual culture — decoding the behavioral DNA of the Chinese people and celebrating the lasting legacy of Li — begins on the evening of November 21.

The only B2B Cross-Border Payments Winner

SINGAPORE, Nov. 20, 2025 /PRNewswire/ — XTransfer, the world’s leading B2B cross-border trade payment platform, has been recognised as Highly Commended in the Best In-house Use of AI in Fraud and Financial Crime Detection at the 8th Regulation Asia Awards for Excellence 2025. Notably, XTransfer is the only B2B cross-border payment company to receive an award at this year’s ceremony.

This category recognises organisations that leverage AI to detect and prevent fraud and financial crime, with an emphasis on innovation, effectiveness, and adaptability. XTransfer was recommended for TradePilot, its in-house, world’s first Large Language Model (LLM) specifically designed for the foreign trade finance industry, tailored to the complexities of B2B cross-border transactions.

TradePilot addresses the challenges traditional banks face when serving SMEs, high manual anti-money laundering (AML) costs, complex B2B transaction data, and cross-jurisdictional compliance requirements. By integrating advanced AI technologies such as big data analytics, natural language processing, and graph algorithms, TradePilot achieves automated, intelligent risk identification and control throughout the entire cross-border payment process.

“We were impressed by XTransfer’s innovative application of a custom-built LLM to address the specific fraud and AML challenges in B2B cross-border trade,” said a judge on the Regulation Asia Awards panel. “The solution, TradePilot, leverages a unique, proprietary dataset to automate compliance for the SME sector, demonstrating XTransfer’s clear vision for making global trade safer and more accessible.”

“We chose to develop TradePilot in-house because existing off-the-shelf solutions on the market cannot accurately address the unique risk scenarios in B2B cross-border trade, characterised by fragmented data and complex patterns,” stated Yanfang Liu, XTransfer Co-founder and CTO. “Leveraging data from serving over 700,000 SMEs, TradePilot delivers more precise, flexible, and cost-effective risk management services.”

“During development, our technical team achieved key breakthroughs, including a 9.75% increase in distributed training efficiency through self-developed hybrid communication engine and a 27% reduction in memory consumption for long-text training. These advancements ensure TradePilot maintains high efficiency and stability in processing complex foreign trade documents.” Liu added.

Following a successful launch in China, TradePilot is being deployed globally and localised to meet diverse regulatory requirements. In October 2025, XTransfer released TradePilot 2.0, delivering breakthroughs in multimodal data processing and vectorised retrieval to more accurately analyse transactions and process trade-related documents, significantly improving client authentication and order management efficiency.

SHANGHAI, Nov. 20, 2025 /PRNewswire/ — Anyuan Mold, a well-known mold manufacturer in China, empowers footwear mold industry with metal additive manufacturing technology by introducing UnionTech’s Fuees430 four-laser metal 3D printer, breaking through the pain points of traditional footwear mold production with cutting-edge technology to achieve efficient customized delivery.

Since its establishment in 2020, Anyuan Mold has always focused on intensive cultivation in the segmented field of footwear molds and established technological innovation as its core competitiveness. The pain points of traditional footwear mold production, such as long production cycle, high modification cost and insufficient design flexibility, have become increasingly prominent, which has also made Anyuan Mold more determined to lay out cutting-edge technologies.

In the selection process of metal 3D printing technology, Anyuan Mold conducted  a year of market research and equipment testing, and finally chose to cooperate with UnionTech, purchasing two four-laser metal 3D printers-Fuees430. Behind this decision are multi-dimensional prudent considerations.

From the perspective of market demand orientation, downstream leading footwear enterprises have put forward higher requirements for the production cycle and customization capacity of footwear molds. UnionTech’s profound technical precipitation and rich cases in the footwear 3D printing field have made it a key research object of Anyuan Mold.

Equipment performance and stability are another core factor considered by Anyuan Mold. After multiple rounds of testing,  the continuous operation stability and product qualification rate of Fuees430,the four-laser metal 3D printer independently developed by UnionTech, have reached the industry-leading level, completely eliminating Anyuan Mold’s concerns about the application of new technologies.

In addition, the professionalism of after-sales service has also become an important driving force for the cooperation. UnionTech’s good reputation accumulated in the industry, as well as its “one-to-one” technical support and fast-response after-sales maintenance services, have made Anyuan Mold feel full of cooperation sincerity.

The strategic cooperation between Anyuan Mold and UnionTech is a vivid example of technological innovation and industrial collaboration in the footwear mold industry.

In the future, we’re looking forward to Anyuan Mold and UnionTech continuing to deepen cooperation, exploring more possibilities in the metal 3D printed footwear mold field, jointly promoting the high-quality development of China’s footwear mold industry, and allowing “Intelligent Manufacturing of China” to shine more brightly in the global high-end manufacturing field.

LOS ANGELES, Nov. 20, 2025 /PRNewswire/ — Just in time for the 2025 holiday shopping season, iYofe, a Los Angeles-based luxury kids’ toy brand, is making its debut at Walmart with four exclusive Black Friday deals.

Founded in 2024 by a couple looking to improve their kids’ play experience, the brand was created with a simple idea in mind: that play should be both fun and intelligent. According to the founders, toys should be learning tools, not just instruments of fun.

“Play is not just something kids do for fun. It is something that helps them learn, too. The same thing applies to toys as well; they shouldn’t only help our kids have fun, they should help them learn too,” says Carly Yang, the wife and co-founder of iYofe. “We try to find that perfect balance between learning and fun to create the perfect toy”.

The brand’s debut collection for Walmart Black Friday deals 2025 would include premium ride-on models inspired by the Ford F-150, Chevrolet Silverado, Ford Bronco, and RAM 1500. Each one comes equipped with premium features, including remote control options, advanced parental control capabilities, soft start technology for safer acceleration, and dual driving motors for improved stability.

While Power Wheels has long been a familiar name in the ride-on toy market, iYofe takes a slightly different approach. The brand emphasizes a high-end, design-driven philosophy, creating true-to-life 1:1 car replicas with finely detailed interiors and authentic finishes. Beyond looks, iYofe incorporates advanced features such as dual motors, soft-start acceleration, and enhanced parental controls to offer a safer, more modern ride.

iYofe’s focus on premium materials and careful craftsmanship gives each model a sense of quality and durability that stands out from traditional ride-on toys. Its realistic design also translates well to social media content, making it ideal for Facebook, Instagram, Pinterest, YouTube, and TikTok videos that capture both the fun and visual appeal of the cars.

With a brand story rooted in family, design, and meaningful play, iYofe connects with parents and children on an emotional level, while offering more flexible licensing and model options compared to larger, established brands. Premium packaging, thoughtful accessories, and dedicated customer support round out the experience, creating a next-generation alternative for those seeking safety, style, and sophistication in a ride-on toy.

Insights on What Makes the Perfect Toy?

When you think of the perfect toy, what comes to mind? For most, it’s bright colours, child-safe materials, and a simplicity that encourages imagination and open-ended play. According to iYofe, the secret sauce is something more fundamental.

“It’s all about design,” says Brian Yang, co-founder of iYofe. “We’ve seen too many toys where you could tell that design was simply an afterthought. That’s wrong. Design is the most important thing for kids’ toys. Everything else is secondary.”

Each model from the brand reflects this design philosophy. From the ASTM-certified materials used to make every toy in the brand’s collection, to the meticulous attention to detail that makes every ride on in the collection a perfect 1:1 replica of the real car, there is no doubt that iYofe is big on design.

A Commitment to Intelligent Play that Might Just Set a New Standard

iYofe began as a simple side project between a husband and wife attempting to create the perfect play area for their children. That simple project, which involved trying to build the perfect toy, soon grew into a thriving local business now looking to go international. Beyond its philosophy of intelligent design, the brand believes in the strength of family and community. The brand name ‘iYofe’ was inspired by the Hebrew word ‘yofi’ (meaning “beauty”). The word is used here as a phonetic variation to reflect the brand’s commitment to beautiful design and meaningful play.

With its official debut at Walmart this Black Friday 2025, iYofe aims to set a new benchmark in the global kids’ toy industry — one where intelligent design meets joyful play. Discover iYofe’s exclusive Black Friday deals now at Walmart.com/iYofe

For press inquiries, please contact: info@iyofe.com 

Media Contact: leonardo@iyofe.com

SINGAPORE, Nov. 20, 2025 /PRNewswire/ — JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a global leading technology company, announced its unaudited financial results for the third quarter of 2025.

In the third quarter of 2025, JOYY’s revenue reached US$540 million, representing 6.4% quarter-over-quarter growth. Its livestreaming revenue was US$388 million, up 3.5% quarter-over-quarter, marking two consecutive quarters of sequential growth. Meanwhile, BIGO Ads recorded US$104 million in revenue, with a year-over-year growth of 33.1%, bringing total non-livestreaming revenue, including ad revenue and others, to 28.1% of the Company’s revenue. JOYY’s GAAP and non-GAAP¹ operating income increased approximately 19.1% and 16.6% year-over-year to US$20 million and US$41 million, respectively. JOYY’s non-GAAP¹ EBITDA reached US$51 million, up 16.8% year-over-year and 4.9% quarter-over-quarter. Operating cash flow for the third quarter reached US$73 million. As of September 30, the company held US$3.32 billion in net cash, providing strong support for its ongoing shareholder returns.

JOYY remains committed to delivering sustainable returns to shareholders. The Company previously announced a shareholder return program of approximately US$900 million through dividends and share repurchases from 2025 through 2027. JOYY has distributed US$148 million in dividends and repurchased US$89 million worth of shares from January 1, 2025 through November 14, 2025.

Ms. Ting Li, Chairperson and Chief Executive Officer of JOYY, commented, “In the third quarter of 2025, we sustained a steady sequential recovery in our livestreaming revenue while accelerating top-line growth in our advertising business. We made significant progress in advancing our dual growth engine strategy and strengthening synergies within our ecosystem. BIGO Ads achieved revenue growth both year-over-year and quarter-over-quarter. As we approach 2026, we are positioned for a resumption in year-over-year group-level revenue growth, with our livestreaming business expected to return to a steady positive trajectory and our advertising technology and smart commerce SaaS businesses poised to deliver robust revenue growth. We are leveraging the powerful synergies of our integrated ecosystem to strengthen our position as a global technology company, and we remain dedicated to generating sustained long-term value for our shareholders.”

Third Quarter 2025 Financial Highlights

• Net revenues in the third quarter of 2025 were US$540 million, representing an increase of 6.4% from US$508 million in the second quarter of 2025.

– Livestreaming revenue was US$388 million, representing an increase of 3.5% from US$375 million in the second quarter of 2025.

– Advertising revenue increased by 29.2% to US$113 million from US$87 million in the corresponding period of 2024 and by 17.1% from US$96 million in the second quarter of 2025.

– Other revenues increased by 22.3% to US$39 million from US$32 million in the corresponding period of 2024 and by 8.3% from US$36 million in the second quarter of 2025.

• Operating income was US$20 million in the third quarter of 2025, representing an increase of 19.1% from US$16 million in the corresponding period of 2024.
• Non-GAAP¹ EBITDA was US$51 million in the third quarter of 2025, representing an increase of 16.8% from US$43 million in the corresponding period of 2024.  
• Net income from continuing operations attributable to controlling interest of JOYY was US$62 million in the third quarter of 2025, representing an increase of 2.3% from US$61 million in the corresponding period of 2024.
• Non-GAAP¹ net income from continuing operations attributable to controlling interest and common shareholders of JOYY was US$72 million in the third quarter of 2025, compared to US$61 million in the corresponding period of 2024, representing a 18.4% year-over-year increase.
• Net Cash as of September 30, 2025 was US$3.32 billion.
• Net cash from operating activities was US$73 million, compared with US$61.1 million in the corresponding period of 2024.

Third Quarter 2025 Business Highlights

Livestreaming Business

In the third quarter, JOYY’s global average mobile MAUs reached 266 million, up 1.4% quarter-over-quarter. The acquisition of high-quality global users traffic effectively supports livestreaming monetization. In the third quarter, the Company’s livestreaming revenue reached US$388 million. BIGO livestreaming revenue was US$368 million, up 3.5% quarter-over-quarter, maintaining the sequential growth trend. BIGO’s total paying users grew 0.8% quarter-over-quarter, while ARPPU increased 3.4% quarter-over-quarter.

Bigo Live delivered positive sequential growth for the second consecutive quarter. This recovery reflects its comprehensive, integrated approach, where the business has leveraged effective streamer incentive programs, a healthy and diverse high-quality content ecosystem, AI-powered user touchpoint enhancements which improve content discovery and payment experiences, and strong local operational campaigns.

Since the second half of last year, Bigo Live has restructured its streamer incentive mechanisms across regions, improving streamer engagement and content quality across the platform. In the third quarter, average streaming hours for newly signed streamers on Bigo Live rose 3.5% quarter-over-quarter and average viewer numbers increased 3.9% quarter-over-quarter.

Bigo Live continues advancing AI-powered improvements across content distribution and payment experiences. By incorporating richer user signals through AI and optimizing strategies for cross-regional and in-app scenarios in Bigo Live, it enhanced viewing experiences and drove users’ average viewing time up 3.4% quarter-over-quarter. Meanwhile, the real-time translation subtitles now support 15 languages, significantly improving user interactions across different regions. Bigo Live is also using AIGC technology to efficiently generate localized virtual gifts. In October, AI-powered interactive gifts represented 25% of total virtual gift consumption, demonstrating strong user adoption of AI-enhanced features. Bigo Live also used targeted strategies to further optimize its tiered paying user benefits system. In the third quarter, mid-tier user ARPPU increased 2% quarter-over-quarter, while the total number of premium paying users achieved double-digit quarter-over-quarter growth.

Advertising Business

While livestreaming revenue has continued to grow steadily quarter over quarter this year, JOYY’s ad-tech platform, BIGO Ads, has delivered accelerated top-line growth. In the third quarter, BIGO Ads achieved US$104 million in advertising revenue, up 33.1% year-over-year and 19.7% quarter over quarter. BIGO Audience Network revenue was particularly strong, recording mid-double-digit year-over-year growth and 25% sequential growth.

BIGO Ads has continued to expand its third-party traffic by deepening integrations with mediation platforms and mobile app developers. In the third quarter, SDK ad requests were up 228% year-over-year and 29% quarter-over-quarter.

During the quarter, BIGO Ads upgraded its IAA D7 ROAS optimization with AI-driven, real-time prediction and bidding capabilities. The enhancement enables advertisers to scale budgets with greater confidence, acquiring higher-quality users while maintaining strong return efficiency.

BIGO Ads delivered strong growth across the board, driven by algorithm iterations, increased traffic volume, new market expansion, and strong advertiser demand across multiple verticals. BIGO Ads’ daily gross revenue reached new heights, and continues to grow with strong momentum. Improved ad delivery and effectiveness substantially drove advertisers spending. Total spending from key cohorts increased by 30% quarter-over-quarter. At the same time, performance gains attracted a steady influx of new advertisers, with the number of key cohorts up by 17% quarter-over-quarter.

During the third quarter, BIGO Ads continued to deepen its penetration in developed countries, with revenue in North America growing 22% quarter-over-quarter and that in Western Europe rising 41%, laying a strong foundation for its continued growth.

1.This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports Third Quarter 2025 Unaudited Financial Results” issued by the Company on November 20, 2025.

SYDNEY, Nov. 20, 2025 /PRNewswire/ — Leading global cryptocurrency exchange KuCoin has signed on as an Official Partner and exclusive crypto exchange partner of the 2025 BMW Australian PGA Championship at Royal Queensland Golf Club on November 27-30.

The partnership with one of Australian golf’s major events comes as KuCoin expands its presence in Australia. Earlier this week, the exchange unveiled its new Sydney CBD headquarters along with local leadership to advance compliance, operations, and innovation.

The collaboration will see KuCoin integrated into a range of tournament activities, with on-course branding, fan engagement experiences, and digital activations that highlight the company’s commitment to accessibility, trust, and technological excellence.

The announcement follows the recent appointment of Australian golf icon Adam Scott as KuCoin’s first-ever global brand ambassador.

“Partnering with the 2025 BMW Australian PGA Championship is a natural extension of KuCoin’s long-term commitment to Australia,” said BC Wong, CEO of KuCoin. “With Adam Scott representing KuCoin on the world stage and our new Sydney hub anchoring our local innovation efforts, we are deepening our investment in Australia’s digital future. This partnership goes beyond sport; it underscores our belief in integrity, security, and the enduring trust we aim to build with communities across the region.”

PGA of Australia CEO Gavin Kirkman welcomed the new partnership, saying: “We’re thrilled to welcome KuCoin to the PGA family as a partner of the 2025 BMW Australian PGA Championship. Their commitment to innovation aligns perfectly with the values of our sport. Having Adam Scott, one of Australia’s most respected athletes, represent both golf and KuCoin makes this collaboration even more meaningful.”

“I am very happy to see KuCoin supporting professional golf in Australia,” Adam Scott added. “This tournament means a lot to me and I’m proud to have KuCoin by my side.”

The 2025 BMW Australian PGA Championship will feature a field that is headlined by Adam Scott, Cam Smith, Min Woo Lee, Joaquin Niemann, Ryan Fox, Cam Davis, Marc Leishman, Marco Penge, Carlos Ortiz, Matt Jones, Sebastien Munoz and defending champion Elvis Smylie.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust, serving over 40 million users across 200+ countries and regions. With established recognition for its reliability, the platform leverages cutting-edge blockchain technology, robust liquidity solutions, and advanced user account protections to deliver a secure trading environment. KuCoin offers access to 1,000+ digital assets and solutions, including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognised by Forbes as one of the “Best Crypto Apps & Exchanges” and a “Top 50 Global Unicorn” by Hurun. KuCoin holds SOC 2 Type II, ISO 27001:2022, ISO 27701:2025, and CCSS certifications and is committed to security, compliance, and innovation under the leadership of CEO BC Wong. Notably, KuCoin is the only top global exchange to have achieved all four major security certifications, underscoring its industry-leading standards in safeguarding user assets.

Learn more: https://www.kucoin.com/en-au

 ABOUT PGA OF AUSTRALIA 

 The PGA of Australia is a not-for-profit Member-based organisation representing both Tournament Professionals and the Club Professionals who form the cornerstone of the industry, working in golf facilities throughout Australia and overseas. PGA Members play an integral role in servicing more than 3.5 million Australians who play golf in all its forms each year. The PGA of Australia also owns and manages the Challenger PGA Tour of Australasia which is a member of the International Federation of PGA Tours. The BMW Australian PGA Championship, Australian Open and New Zealand Open presented by Sky Sports are just a few of our sanctioned tournaments that carry Official World Golf Ranking Points. To ensure the Australian golf industry maintains its position as one of the best in the world, the PGA of Australia provides industry specific training and education opportunities for those seeking to start, advance or consolidate their career in the golf industry.