28.8 C
Vientiane
Tuesday, September 9, 2025
spot_img
Home Blog Page 2

LG REDEFINES IN-VEHICLE EXPERIENCE WITH XBOX GAMING AND ZOOM MEETINGS PARTNERSHIPS

LG Pioneers Software-Defined Vehicle Era With webOS-Based Automotive Content Platform

SEOUL, South Korea, Sept. 9, 2025 /PRNewswire/ — LG Electronics (LG), a leading innovator in mobility technology, is strengthening its position in the Software-Defined Vehicle (SDV) era with its webOS-based Automotive Content Platform (ACP). Through differentiated solutions and powerful partnerships, the company is transforming vehicles into dynamic software-driven experience hubs.

LG Redefines In-Vehicle Experience With Xbox Gaming and Zoom Meetings Partnerships
LG Redefines In-Vehicle Experience With Xbox Gaming and Zoom Meetings Partnerships

At IAA MOBILITY 2025, one of the world’s largest mobility events held in Munich, Germany, LG hosted a press conference to share its vision for the future of mobility and announce new strategic partnerships. The conference, titled “Redefining the In-Cabin Experience: Why the Automotive Content Ecosystem Matters,” featured key executives including Eun Seok-hyun, president of the LG Vehicle Solution Company; Chris Jo, head of the webOS Platform Business Center at the LG Media Entertainment Solution Company; Chris Lee, Vice President of Xbox Marketing at Microsoft; and Brendan Ittelson, Chief Ecosystem Officer at Zoom.

“Leveraging nearly 70 years of customer experience expertise in home appliances and IT, LG has a unique competitive edge to redefine the vehicle from a simple means of transportation into a living space centered on the user experience,” said Eun Seok-hyun. “We aim to supply our webOS-based ACP to 20 million vehicles by 2030 while continuously expanding our content and service ecosystem.”

Immersive In-Car Gaming With Xbox

During the conference, LG emphasized the importance of providing a scalable in-vehicle ecosystem and revealed two strategic partners to expand its content offerings.

Meeting players where they are, Xbox will soon bring the gaming experience to the road, with the Xbox app integrated into LG ACP. Passengers with an Xbox Game Pass Ultimate subscription, a compatible Bluetooth controller, and supported internet access, will now have access to play hundreds of games, including popular titles such as Doom: The Dark Ages and Forza Horizon 5 directly from the vehicle’s infotainment system via cloud gaming.

“At Xbox, we’re always looking for new ways to bring the joy of gaming to more people, wherever they are. Through our work with LG, we are expanding the experience and value of gaming even further for players,” said Chris Lee, Vice President of Xbox Marketing. “Soon, passengers can access their gaming library and carry their progression with them wherever they go – whether on the road or at home. Bringing Xbox to the in-vehicle experience means every journey is not only more entertaining but supports the flexibility players expect from Xbox.”

Driving Connection With Zoom

Expanding the scope of LG ACP beyond entertainment, the addition of a native Zoom app will transform vehicles into mobile collaboration spaces. By integrating one of the world’s leading collaboration platforms, LG ACP will empower drivers and passengers to conduct meetings and manage work efficiently across multiple vehicle models – all while enabling safer driving with a user experience that reduces distractions.

“At Zoom, we believe in meeting people where people meet – whether that’s in the office, at home, or even in the car,” said Brendan Ittelson. “This partnership marks a major milestone in redefining what’s possible inside the vehicle, helping people communicate and stay connected while on the move.”

From the Living Room to the Road: A Seamless webOS Experience

Building on the success of webOS – now powering over 240 million smart TVs worldwide – LG ACP brings the same intuitive user experience and proven stability into the vehicle. It offers drivers and passengers a seamless mobility experience, allowing them to continue enjoying various content and services on multiple in-vehicle displays, all in compliance with driving safety regulations.

Passengers can stream their favorite content on the vehicle’s infotainment display,* from services such as Netflix, Disney+, YouTube, Baby Shark World for Kids, Play.Works, Haystack News and LG Channels, along with Korean local streaming services TVING and WAVVE. By the end of the year, LG plans to add to its content availability by bringing digital art platform Vasari, European streaming service Rakuten TV and German streaming service Joyn. Also, LG ACP will bring Japanese local streaming service U-NEXT soon.

LG ACP powered by webOS is a core component of PlayWare, the in-vehicle entertainment solution within LG’s SDV suite, LG AlphaWare. It delivers a differentiated, high-definition, high-quality content experience that expands customers’ living spaces into the vehicle and makes time on the road more valuable. LG continues to expand the application of its ACP to commercial vehicles, bringing its future mobility vision of transforming the vehicle into a “living space on wheels” to life.

* An automotive data plan is required to access streaming services. Access to certain apps may require a separate subscription.

About LG Electronics Vehicle Solution Company

The LG Vehicle Solution Company (VS) is bringing LG’s unique human-centered innovations to the automotive industry. As a trusted and innovative partner, the company provides intelligent solutions including head units, displays, connectivity, ADAS vision systems, and software solutions for software-defined vehicles. Committed to “Driving Better Future Mobility,” the company has diversified its portfolio to further strengthen its capabilities, including automotive lighting systems, e-powertrain, and cybersecurity. For more information, visit www.LG.com/global/mobility. To stay updated with the latest news, subscribe to the LG mobility newsletter, LG Loop at www.LG.com/global/mobility/newsletter and follow the LG VS Company LinkedIn channel at www.linkedin.com/company/lgvehiclesolution.

 

Hello Group Inc. Announces Unaudited Financial Results for the Second Quarter of 2025

BEIJING, Sept. 9, 2025 /PRNewswire/ — Hello Group Inc. (NASDAQ: MOMO) (“Hello Group” or the “Company”), a leading player in Asia’s online social networking space, today announced its unaudited financial results for the second quarter of 2025.  

Second Quarter of 2025 Highlights

  • Net revenues decreased by 2.6% year over year to RMB2,620.4 million (US$365.8 million*) in the second quarter of 2025.
  • Net revenues from overseas increased by 72.7% year over year to RMB442.4 million (US$61.8 million) in the second quarter of 2025.
  • Net loss attributable to Hello Group Inc. was RMB140.2 million (US$19.6 million) in the second quarter of 2025, compared to a net income of RMB397.8 million in the same period of 2024.
  • Non-GAAP net loss attributable to Hello Group Inc. (note 1) was RMB96.0 million (US$13.4 million) in the second quarter of 2025, compared to a net income of RMB449.2 million in the same period of 2024. In the second quarter of 2025, the Company accrued an additional withholding tax of RMB547.9 million (US$76.5 million) related to dividends paid or payable by its wholly-foreign owned enterprise (“WFOE”) in Chinese mainland to its offshore parent company in Hong Kong, Momo Hong Kong. This accrual followed a notice the Company’s WFOE, Momo Beijing, received from the Chinese tax authorities requiring Momo Beijing to withhold tax at the standard rate of 10% instead of the previously applied preferential rate of 5%. The RMB547.9 million (US$76.5 million) accrual in withholding tax was for prior periods. This accrual is unrelated to the normal business operation of the current period and future periods. In the second quarter of 2025 and going forward, we will continue to accrue withholding tax for the dividends payable by Momo Beijing to Momo Hong Kong at the standard rate of 10%. Further details are provided under “Income tax expenses.”
  • Diluted net loss per American Depositary Share (“ADS”) was RMB0.84 (US$0.12) in the second quarter of 2025, compared to a diluted net income per ADS of RMB2.11 in the same period of 2024. 
  • Non-GAAP diluted net loss per ADS (note 1) was RMB0.58 (US$0.08) in the second quarter of 2025, compared to a diluted net income per ADS of RMB2.38 in the same period of 2024.
  • Monthly Active Users (“MAU”) on Tantan app were 10.2 million in June 2025, compared to 12.9 million in June 2024.
  • For the Momo app total paying users was 3.5 million for the second quarter of 2025, compared to 7.2 million for the same period last year. Tantan had 0.7 million paying users for the second quarter of 2025 compared to 1.0 million from the year ago period.

First Half of 2025 Highlights

  • Net revenues decreased by 2.1% year over year to RMB5,141.2 million (US$717.7 million) for the first half of 2025.
  • Net revenues from overseas increased by 72.3% year over year to RMB857.0 million (US$119.6 million) for the first half of 2025.
  • Net income attributable to Hello Group Inc. was RMB217.8 million (US$30.4 million) for the first half of 2025, compared to RMB403.0 million during the same period of 2024.
  • Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB307.7 million (US$43.0 million) for the first half of 2025, compared to RMB509.1 million during the same period of 2024.
  • Diluted net income per ADS was RMB1.27 (US$0.18) for the first half of 2025, compared to RMB2.10 during the same period of 2024.
  • Non-GAAP diluted net income per ADS (note 1) was RMB1.80 (US$0.25) for the first half of 2025, compared to RMB2.65 during the same period of 2024.

* This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rate solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars, in this press release, were made at a rate of RMB7.1636 to US$1.00, the effective noon buying rate for June 30, 2025 as set forth in the H.10 statistical release of the Federal Reserve Board.

“Q2 was a good quarter. Both our domestic and overseas business fundamentals extended the positive trend that began at the start of the year, achieving favorable results across various operational and financial metrics,” commented Yan Tang, Chairman and CEO of Hello Group.” Our Momo business has progressively stabilized, with both revenue and profit surpassing our initial expectations. For our overseas business, we have successfully maintained rapid growth while controlling costs and expenses effectively. This strategic approach keeps our overseas business on course to deliver an increasingly meaningful contribution to the group’s overall financial performance. “

Second Quarter of 2025 Financial Results

Net revenues

Total net revenues were RMB2,620.4 million (US$365.8 million) in the second quarter of 2025, a decrease of 2.6% from RMB2,691.4 million in the second quarter of 2024.

Value-added service revenues mainly include virtual gift revenues from various audio, video and text- based scenarios, and membership subscription revenues. Total value-added service revenues were RMB2,579.3 million (US$360.1 million) in the second quarter of 2025, a decrease of 2.6% from RMB2,648.3 million during the same period of 2024. The decrease was primarily due to a soft consumer sentiment among top users in the current macro environment of Momo app, and to a lesser extent, the decline in Tantan’s paying users which was in turn due to the decline in user base. The decrease was partially mitigated by the rapid revenue growth from our overseas apps, driven by the strong performance of the relatively established brand-Soulchill, along with the monetization of a collection of new apps.

Other services revenues were RMB41.1 million (US$5.7 million) in the second quarter of 2025, compared to RMB43.1 million during the same period of 2024.

Net revenues from Chinese mainland decreased from RMB2,435.1 million in the second quarter of 2024 to RMB2,177.9 million (US$304.0 million) in the second quarter of 2025, primarily due to the decrease in net revenues from Momo app and Tantan app. Net revenues from overseas increased from RMB256.3 million in the second quarter of 2024 to RMB442.4 million (US$61.8 million) in the second quarter of 2025, driven by the growth of Souchill and incremental revenue from emerging brands.

Cost and expenses

Cost and expenses were RMB2,227.7 million (US$311.0 million) in the second quarter of 2025, a decrease of 2.1% from RMB2,275.2 million in the second quarter of 2024. The decrease was primarily attributable to: (a) a decrease in Tantan’s marketing and promotional expense due to our continuous initiatives to control cost and optimize Tantan’s channel marketing strategy, partially offset by an increase in sales and marketing expenses related to the promotion of overseas apps; (b) a decrease in revenue sharing with broadcasters on Momo apps, which was partially offset by an increase in revenue sharing with virtual gift recipients for overseas apps; and (c) a decrease in production costs in connection with films.

Non-GAAP cost and expenses (note 1) were RMB2,183.6 million (US$304.8 million) in the second quarter of 2025, compared to RMB2,223.8 million during the same period of 2024.

Income from operations

Income from operations was RMB403.5 million (US$56.3 million) in the second quarter of 2025, compared to RMB425.0 million during the same period of 2024.

Non-GAAP income from operations (note 1) was RMB447.7 million (US$62.5 million) in the second quarter of 2025, compared to RMB476.5 million during the same period of 2024.  

Income tax expenses

Income tax expenses were RMB638.4 million (US$89.1 million) in the second quarter of 2025, compared to RMB102.6 million in the second quarter of 2024.

On August 27, 2025, the Company’s WFOE, Momo Beijing, received a notice from the Chinese tax authorities requiring Momo Beijing to withhold tax at the standard rate of 10% instead of the previously applied preferential rate of 5%. As a result, the Company accrued an additional withholding tax of RMB547.9 million (US$76.5 million). Of this total amount, RMB356.1 million (US$49.7 million) was related to dividends paid by Momo Beijing in 2024 and in the first half of 2025, and this amount has been remitted in September 2025. The remaining RMB191.8 million (US$26.8 million) represents additional withholding tax accrued for the undistributed retained earnings of Momo Beijing as of March 31st 2025. The RMB547.9 million (US$76.5 million) accrual in withholding tax was for prior periods. This accrual is unrelated to the normal business operation of the current period and future periods. In the second quarter of 2025 and going forward, we will continue to accrue withholding tax for the dividends payable by Momo Beijing to Momo Hong Kong at the standard rate of 10%.

Net income (loss)

Net loss was RMB139.4 million (US$19.5 million) in the second quarter of 2025, compared to a net income of RMB397.8 million during the same period of 2024.

Non-GAAP net loss (note 1) was RMB95.2 million (US$13.3 million) in the second quarter of 2025, compared to a net income of RMB449.2 million during the same period of 2024.

Net income (loss) attributable to Hello Group Inc.

Net loss attributable to Hello Group Inc. was RMB140.2 million (US$19.6 million) in the second quarter of 2025, compared to a net income of RMB397.8 million during the same period of 2024.

Non-GAAP net loss (note 1) attributable to Hello Group Inc. was RMB96.0 million (US$13.4 million) in the second quarter of 2025, compared to a net income of RMB449.2 million during the same period of 2024.

Net income (loss) per ADS

Diluted net loss per ADS was RMB0.84 (US$0.12) in the second quarter of 2025, compared to a diluted net income per ADS of RMB2.11 in the second quarter of 2024.

Non-GAAP diluted net loss per ADS (note 1) was RMB0.58 (US$0.08) in the second quarter of 2025, compared to a diluted net income per ADS of RMB2.38 in the second quarter of 2024.

Cash and cash flow

As of June 30, 2025, the Company’s cash, cash equivalents, short-term deposits, long-term deposits, short-term restricted cash and long-term restricted cash totaled RMB12,390.6 million (US$1,729.7 million), compared to RMB14,728.5 million as of December 31, 2024.

Net cash provided by operating activities in the second quarter of 2025 was RMB250.1 million (US$34.9 million), compared to RMB475.2 million in the second quarter of 2024.

First Half of 2025 Financial Results

Net revenues for the first half of 2025 were RMB5,141.2 million (US$717.7 million), a decrease of 2.1% from RMB5,251.8 million in the same period of 2024.

Net income attributable to Hello Group Inc. was RMB217.8 million (US$30.4 million) for the first half of 2025, compared to RMB403.0 million during the same period of 2024. 

Non-GAAP net income attributable to Hello Group Inc. (note 1) was RMB307.7 million (US$43.0 million) for the first half of 2025, compared to RMB509.1 million during the same period of 2024.

Diluted net income per ADS was RMB1.27 (US$0.18) during the first half of 2025, compared to RMB2.10 in the same period of 2024.

Non-GAAP diluted net income per ADS (note 1) was RMB1.80 (US$0.25) during the first half of 2025, compared to RMB2.65 in the same period of 2024.

Net cash provided by operating activities was RMB489.9 million (US$68.4 million) during the first half of 2025, compared to RMB875.4 million in the same period of 2024.

Recent Development

Share repurchase program

As of September, 9, 2025, the Company has repurchased 48.9 million ADSs for US$300.3 million on the open market under the Share Repurchase Program announced on June 7, 2022 and amended on March 14, 2024 and March 12, 2025, at an average purchase price of US$6.12 per ADS. The remaining size of the program is US$185.8 million.

Business Outlook

For the third quarter of 2025, the Company expects total net revenues to be between RMB2.59 billion to RMB2.69 billion, representing a decrease of 3.2% to an increase of 0.6% year over year. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Note 1: Non-GAAP measures

To supplement our consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), we, Hello Group, use various non-GAAP financial measures that are adjusted from the most comparable GAAP results to exclude share-based compensation and amortization of intangible assets from business acquisitions, and such adjustments has no impact on income tax.

Reconciliations of our non-GAAP financial measures to our U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures.

Our non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors’ overall understanding of the historical and current financial performance of our continuing operations and our prospects for the future. Our non-GAAP financial information should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to the GAAP results. In addition, our calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

Our non-GAAP information (including non-GAAP cost and operating expenses, income from operations, net income (loss), net income (loss) attributable to Hello Group Inc., and diluted net income (loss) per ADS) is adjusted from the most comparable GAAP results to exclude share-based compensation and amortization of intangible assets from business acquisitions, and such adjustments has no impact on income tax. A limitation of using these non-GAAP financial measures is that share-based compensation and amortization of intangible assets from business acquisitions have been and will continue to be for the foreseeable future significant recurring expenses in our results of operations. We compensate for such limitation by providing reconciliations of our non-GAAP measures to our U.S. GAAP measures. Please see the reconciliation tables at the end of this earnings release.

Conference Call

Hello Group’s management will host an earnings conference call on Tuesday, September 9, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong Time on September 9, 2025).

Participants can register for the conference call by navigating to:

https://s1.c-conf.com/diamondpass/10049643-g8d65s.html

Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

A telephone replay of the call will be available after the conclusion of the conference call through September 16, 2025. The dial-in details for the replay are as follows:

U.S. / Canada: 1-855-883-1031

Hong Kong: 800-930-639
Passcode: 10049643

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Group’s website at https://ir.hellogroup.com.

About Hello Group Inc.

We are a leading player in Asia’s online social networking space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which was added into our family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Starting from 2019, we have incubated a number of other new apps, such as Hertz, Soulchill, and Duidui, which target more niche markets and more selective demographics.

For investor and media inquiries, please contact:

Hello Group Inc.

Investor Relations 
Phone: +852 3157 1669
Email: ir@hellogroup.com 

Christensen

In China
Ms. Xiaoyan Su 
Phone: +86-10-5900-1548 
E-mail: Xiaoyan.Su@christensencomms.com 

In U.S.

Ms. Linda Bergkamp
Phone: +1-480-614-3004 
Email: linda.bergkamp@christensencomms.com 

Safe Harbor Statement

This news release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to our management quotes, our financial outlook for the third quarter of 2025, as well as the amount of, timing, methods and funding sources for repurchases of our shares under the share repurchase program.

Our forward-looking statements are not historical facts but instead represent only our belief regarding expected results and events, many of which, by their nature, are inherently uncertain and outside of our control. Our actual results and other circumstances may differ, possibly materially, from the anticipated results and events indicated in these forward-looking statements. Announced results for the second quarter of 2025 are preliminary, unaudited and subject to audit adjustment. In addition, we may not meet our financial outlook for the third quarter of 2025 and may be unable to grow our business in the manner planned. We may also modify our strategy for growth.  Moreover, there are other risks and uncertainties that could cause our actual results to differ from what we currently anticipate, including those relating to our ability to retain and grow our user base, our ability to attract and retain sufficiently trained professionals to support our operations, our ability to anticipate and develop new services and enhance existing services to meet the demand of our users or customers, the market price of the Company’s stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company’s cash flows from operations, general economic conditions, and other factors.  For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations, and prospects, please see our filings with the U.S. Securities and Exchange Commission.

All information provided in this press release and in the attachments is as of the date of the press release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, after the date of this release, except as required by law. Such information speaks only as of the date of this release.         

 

 

 

Hello Group Inc.

Unaudited Condensed Consolidated Statement of Operations

(All amounts in thousands, except share and per share data)

Three months

First half year

Ended June 30

Ended June 30

2024

2025

2025

2024

2025

2025

RMB 

RMB 

US$ 

RMB 

RMB 

US$ 

Net revenues(i):

Value-added service

2,648,336

2,579,292

360,055

5,181,253

5,069,194

707,632

Other services

43,055

41,076

5,734

70,558

72,009

10,052

Total net revenues

2,691,391

2,620,368

365,789

5,251,811

5,141,203

717,684

Cost and expenses:

Cost of revenues

(1,595,789)

(1,607,712)

(224,428)

(3,098,797)

(3,176,786)

(443,462)

Research and development

(193,168)

(183,859)

(25,666)

(385,359)

(379,628)

(52,994)

Sales and marketing

(364,769)

(347,327)

(48,485)

(658,200)

(676,505)

(94,436)

General and administrative

(121,482)

(88,839)

(12,401)

(252,863)

(229,350)

(32,016)

Total cost and expenses

(2,275,208)

(2,227,737)

(310,980)

(4,395,219)

(4,462,269)

(622,908)

Other operating income, net

8,861

10,865

1,517

28,767

24,047

3,357

Income from operations

425,044

403,496

56,326

885,359

702,981

98,133

Interest income

130,937

105,513

14,729

252,044

225,851

31,528

Interest expense

(32,493)

(23,417)

(3,269)

(56,191)

(54,076)

(7,549)

Other gain or loss, net

(34,625)

(40)

(6)

(43,870)

(40)

(6)

Income before income tax and share of income on equity method investments

488,863

485,552

67,780

1,037,342

874,716

122,106

Income tax expenses

(102,614)

(638,390)

(89,116)

(660,227)

(708,796)

(98,944)

Income (loss) before share of income on equity method investments

386,249

(152,838)

(21,336)

377,115

165,920

23,162

Share of income on equity method investments

11,536

13,427

1,874

25,854

53,158

7,421

Net income (loss) 

397,785

(139,411)

(19,462)

402,969

219,078

30,583

Less: net income attributable to non-controlling interest

793

111

1,288

180

Net income (loss) attributable to the shareholders of Hello Group Inc.

397,785

(140,204)

(19,573)

402,969

217,790

30,403

Net income (loss) per share attributable to ordinary shareholders

Basic

1.10

(0.42)

(0.06)

1.09

0.65

0.09

Diluted

1.05

(0.42)

(0.06)

1.05

0.64

0.09

Weighted average shares used in calculating net income (loss) per ordinary share

Basic

362,394,762

332,986,414

332,986,414

368,522,705

335,653,491

335,653,491

Diluted

377,903,589

332,986,414

332,986,414

383,528,002

341,743,527

341,743,527

(i) The following table presents revenues by geographic area based on the addresses of our customers of our users:

Three months

First half year

  Ended June 30

Ended June 30

2024

2025

2025

2024

2025

2025

RMB 

RMB 

US$ 

RMB 

RMB 

US$ 

Chinese mainland

2,435,133

2,177,929

304,027

4,754,356

4,284,162

598,046

Overseas

256,258

442,439

61,762

497,455

857,041

119,638

Total

2,691,391

2,620,368

365,789

5,251,811

5,141,203

717,684

 

 

 

Hello Group Inc.

Unaudited Condensed Consolidated Statement of Comprehensive Income

(All amounts in thousands, except share and per share data)

Three months

First half year

  Ended June 30

Ended June 30

2024

2025

2025

2024

2025

2025

RMB 

RMB 

US$ 

RMB 

RMB 

US$ 

Net income (loss)

397,785

(139,411)

(19,462)

402,969

219,078

30,583

Other comprehensive income (loss), net of tax:

Foreign currency translation adjustment

41,569

(73,476)

(10,257)

96,463

(116,814)

(16,307)

Comprehensive income (loss)

439,354

(212,887)

(29,719)

499,432

102,264

14,276

Less: comprehensive income (loss) attributed to the non-controlling interest

1,202

(920)

(128)

4,286

(1,519)

(212)

Comprehensive income (loss) attributable to Hello Group Inc.

438,152

(211,967)

(29,591)

495,146

103,783

14,488

 

 

 

Hello Group Inc.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands, except share and per share data)

December 31

June 30

June 30

2024

2025

2025

RMB

RMB

US$

Assets

Current assets

Cash and cash equivalents

4,122,659

5,017,224

700,377

Short-term deposits

2,026,245

1,308,180

182,615

Restricted cash

4,566,477

3,539,451

494,088

Accounts receivable, net of allowance for credit losses of RMB12,433 and
RMB17,725 as of December 31, 2024 and June 30, 2025, respectively

192,317

238,778

33,332

Prepaid expenses and other current assets

1,104,172

982,242

137,116

Total current assets

12,011,870

11,085,875

1,547,528

Long-term deposits

3,059,860

2,482,720

346,574

Long-term restricted cash

953,285

42,982

6,000

Right-of-use assets, net

252,169

154,635

21,586

Property and equipment, net

897,036

928,462

129,608

Intangible assets, net

86,661

186,287

26,005

Rental deposits

13,280

5,365

749

Long-term investments

825,533

1,195,290

166,856

Other non-current assets

110,960

147,693

20,617

Deferred tax assets

36,066

35,144

4,906

Goodwill

136,250

250,684

34,994

Total assets

18,382,970

16,515,137

2,305,423

Liabilities and equity

Current liabilities

Accounts payable

615,254

619,442

86,469

Deferred revenue

427,702

439,478

61,349

Accrued expenses and other current liabilities

704,410

603,410

84,233

Lease liabilities due within one year

141,971

103,672

14,472

Income tax payable

157,057

415,524

58,005

Deferred consideration in connection with business acquisitions-current

28,027

48,997

6,840

Convertible Senior Notes-current

20,191

Long-term borrowings, current portion

1,938,385

1,939,273

270,712

Short-term borrowings

2,365,535

675,000

94,226

Total current liabilities

6,398,532

4,844,796

676,306

Deferred consideration in connection with business acquisitions-non current

65,694

42,982

6,000

Lease liabilities

115,105

57,640

8,046

Deferred tax liabilities

241,915

435,811

60,837

Long-term borrowings

3,036

424

Other non-current liabilities

129,051

137,491

19,193

Total liabilities

6,950,297

5,521,756

770,806

Shareholder’s equity (ii)

11,432,673

10,993,381

1,534,617

Total liabilities and shareholder’s equity

18,382,970

16,515,137

2,305,423

(ii): As of June 30, 2025, the number of ordinary shares outstanding was 318,881,690.

 

 

 

Hello Group Inc.

Unaudited Condensed Consolidated Statement of Cash Flows

(All amounts in thousands, except share and per share data)

Three months

First half year

Ended June 30

Ended June 30

2024

2025

2025

2024

2025

2025

RMB 

RMB 

US$ 

RMB 

RMB 

US$ 

Cash flows from operating activities:

Net income (loss)

397,785

(139,411)

(19,462)

402,969

219,078

30,583

Adjustments to reconcile net income (loss) to net cash provided by operating
activities:

Depreciation of property and equipment

13,525

11,229

1,568

27,835

23,620

3,297

Amortization of intangible assets

1,279

7,655

1,069

2,558

13,846

1,933

Share-based compensation

51,458

37,801

5,277

106,128

78,661

10,980

Share of income on equity method investments

(11,536)

(13,427)

(1,874)

(25,854)

(53,158)

(7,421)

Cash received on distributions from equity method investments

1,197

1,197

Returns on investments

289

40

797

111

Loss on long-term investments

34,625

40

6

43,870

40

6

Gain or loss on disposal of property and equipment

(178)

(146)

(20)

80

(248)

(35)

Provision of loss on receivable and other assets

145

312

44

1,921

5,717

798

Changes in operating assets and liabilities:

Accounts receivable

4,848

(17,847)

(2,491)

15,828

(36,991)

(5,164)

Prepaid expenses and other current assets

15,043

(133,016)

(18,568)

5,366

(121,641)

(16,980)

Rental deposits

8,016

1,119

(802)

7,906

1,104

Deferred tax assets

(1,580)

581

81

(4,078)

921

129

Other non-current assets

(198,746)

46,626

6,509

(206,343)

81,672

11,401

Accounts payable

(14,292)

4,047

565

(31,746)

(9,496)

(1,326)

Income tax payable

(42,533)

363,302

50,715

(36,497)

262,323

36,619

Deferred revenue

(15,268)

2,684

375

1,406

11,719

1,636

Accrued expenses and other current liabilities

121,547

(70,803)

(9,884)

64,747

(141,786)

(19,793)

Deferred tax liabilities

14,410

181,183

25,292

379,421

193,896

27,067

Other non-current liabilities

103,500

(38,986)

(5,442)

127,393

(47,026)

(6,565)

Net cash provided by operating activities

475,229

250,129

34,919

875,399

489,850

68,380

Cash flows from investing activities:

Purchase of property and equipment

(199,842)

(26,162)

(3,652)

(244,018)

(53,976)

(7,535)

Payment for long-term investments

(5,250)

(72,593)

(10,134)

(5,250)

(72,593)

(10,134)

Payment for business acquisition

(194,390)

(27,136)

Cash received on maturity of short-term deposits

781,016

1,081,016

1,107,245

154,565

Purchase of long-term deposits

(718,860)

Cash received on maturity of long-term deposits

718,860

150,000

20,939

Cash received from sales of long-term investment

2,000

Loan to a third-party company

(6,278)

(876)

(33,756)

(4,712)

Other investing activities

298

302

42

683

494

69

Net cash provided by (used in) investing activities

576,222

(104,731)

(14,620)

834,431

903,024

126,056

Cash flows from financing activities:

Proceeds from exercise of share options

2

2

13

4

1

Repurchase of ordinary shares

(394,561)

(97,196)

(13,568)

(506,822)

(298,725)

(41,700)

Dividends payment

(716,302)

(346,182)

(48,325)

(716,302)

(346,182)

(48,325)

Payment in relation to redemption of convertible bonds

(20,221)

(2,823)

(20,221)

(2,823)

Proceeds from short-term borrowings

1,331,635

Repayment of short-term borrowings

(1,690,535)

(235,990)

Repayment of long-term borrowings

(279)

(39)

(215)

(674)

(94)

Net cash (used in) provided by financing activities

(1,110,861)

(463,876)

(64,755)

108,309

(2,356,333)

(328,931)

Effect of exchange rate changes

27,725

(53,620)

(7,488)

48,539

(79,305)

(11,070)

Net (decrease) increase in cash and cash equivalents 

(31,685)

(372,098)

(51,944)

1,866,678

(1,042,764)

(145,565)

Cash, cash equivalents and restricted cash at the beginning of period

10,181,275

8,971,755

1,252,409

8,282,912

9,642,421

1,346,030

Cash, cash equivalents and restricted cash at the end of period

10,149,590

8,599,657

1,200,465

10,149,590

8,599,657

1,200,465

 

 

 

Hello Group Inc.

Reconciliation of Non-GAAP financial measures to comparable GAAP measures

(All amounts in thousands, except per share data)

1.

Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income (loss) to comparable GAAP measures.

Three months

Three months

Three months

Ended June 30, 2024

Ended June 30, 2025

Ended June 30, 2025

GAAP

Share-based
compensation

Non-GAAP

GAAP

Amortization of
intangible assets
 from business
acquisitions

Share-based
compensation

Non-GAAP

GAAP

Amortization of
intangible assets
 from business
acquisitions

Share-based
compensation

Non-GAAP

RMB

RMB

RMB

RMB

RMB

RMB

RMB

US$

US$

US$

US$

Cost of revenues

(1,595,789)

1,796

(1,593,993)

(1,607,712)

1,762

1,560

(1,604,390)

(224,428)

246

218

(223,964)

Research and development

(193,168)

13,512

(179,656)

(183,859)

1,140

10,710

(172,009)

(25,666)

159

1,495

(24,012)

Sales and marketing

(364,769)

4,149

(360,620)

(347,327)

3,474

4,159

(339,694)

(48,485)

485

581

(47,419)

General and administrative

(121,482)

32,001

(89,481)

(88,839)

21,372

(67,467)

(12,401)

2,983

(9,418)

Cost and operating expenses

(2,275,208)

51,458

(2,223,750)

(2,227,737)

6,376

37,801

(2,183,560)

(310,980)

890

5,277

(304,813)

Income from operations

425,044

51,458

476,502

403,496

6,376

37,801

447,673

56,326

890

5,277

62,493

Net income (loss) attributable to Hello Group Inc.

397,785

51,458

449,243

(140,204)

6,376

37,801

(96,027)

(19,573)

890

5,277

(13,406)

 

 

 

Hello Group Inc.

Reconciliation of Non-GAAP financial measures to comparable GAAP measures

(All amounts in thousands, except per share data)

1.

Reconciliation of Non-GAAP cost and operating expenses, income from operations, and net income (loss) to comparable GAAP measures-continued.

First half year

First half year

First half year

Ended June 30, 2024

Ended June 30, 2025

Ended June 30, 2025

GAAP

Share-based
compensation

Non-GAAP

GAAP

Amortization of
intangible assets
from business
acquisitions

Share-based
compensation

Non-GAAP

GAAP

Amortization of
intangible assets
from business
acquisitions

Share-based
compensation

Non-GAAP

RMB

RMB

RMB

RMB

RMB

RMB

RMB

US$

US$

US$

US$

Cost of revenues

(3,098,797)

3,678

(3,095,119)

(3,176,786)

3,025

3,334

(3,170,427)

(443,462)

422

465

(442,575)

Research and development

(385,359)

22,298

(363,061)

(379,628)

1,999

19,770

(357,859)

(52,994)

279

2,760

(49,955)

Sales and marketing

(658,200)

10,266

(647,934)

(676,505)

6,264

8,470

(661,771)

(94,436)

874

1,182

(92,380)

General and administrative

(252,863)

69,886

(182,977)

(229,350)

47,087

(182,263)

(32,016)

6,573

(25,443)

Cost and operating expenses

(4,395,219)

106,128

(4,289,091)

(4,462,269)

11,288

78,661

(4,372,320)

(622,908)

1,575

10,980

(610,353)

Income from operations

885,359

106,128

991,487

702,981

11,288

78,661

792,930

98,133

1,575

10,980

110,688

Net income attributable to Hello Group Inc.

402,969

106,128

509,097

217,790

11,288

78,661

307,739

30,403

1,575

10,980

42,958

 

The World Smart Industry Expo 2025 Concludes Successfully, and the 2025 Digital Industry Ecology Conference Bears Abundant Fruits


CHONGQING, CHINA – Media OutReach Newswire – 9 September 2025 – The World Smart Industry Expo 2025 concluded successfully in Chongqing on 8th September. As a highlight event of the Expo, the “2025 Digital Industry Ecology Conference” hosted by Mashang Consumer Finance Co., Ltd. attracted government leaders, over ten academicians and industrial specialists, more than 300 top-notch technology firms, and over 1,500 industrial elites. Focusing on the new industrial opportunities spawned by the technological revolution, particularly advancements in artificial intelligence, the conference became a major highlight during the Expo.

Hu Henghua, Deputy Secretary of the Chongqing Municipal Committee of CPC and Mayor of the Chongqing Municipal Government, attended the 2025 Digital Industry EcologyConference and delivered an opening remarks.
Hu Henghua, Deputy Secretary of the Chongqing Municipal Committee of CPC and Mayor of the Chongqing Municipal Government, attended the 2025 Digital Industry EcologyConference and delivered an opening remarks.

Hu Henghua, Deputy Secretary of the Chongqing Municipal Party Committee and Mayor of the Chongqing Municipal Government, attended the 2025 Digital Industry Ecology Conference held on the afternoon of 5th September and delivered an opening speech. He noted that with the theme of “Embracing Intelligence, Shaping a New Future”, this conference has facilitated the sharing of forward-thinking insights and sparked dynamic intellectual exchanges, , which will undoubtedly pool wisdom and strength while building momentum for the digital industry. Chongqing stands ready to seize this opportunity to work with all parties in shareing new opportunities in Digital Chongqing, advancing breakthroughs in digital technology, creating new landmarks for the digital industry, exploring innovative models of digital governance, and collectively building a brighter future in the intelligent era.

Hu Henghua stated that, as an important strategic pivot for the Western Development in the New Era and a comprehensive hub for inland opening-up as positioned by the central government, Chongqing boasts a well-developed industrial system, prominent geographical advantages, and abundant strategic opportunities, providing vast prospects for the development of its digital economy. In recent years, Chongqing has deeply implemented the spirit of the important speeches and instructions ofPresident Xi , and fully embraced the intelligent era. Led by the construction of Digital Chongqing, it has vigorously carried out the “AI +” initiative, promoted the deep integration of the real economy and the digital economy, and sped up the building of a highland for AI applications and a highland for digital-intelligence technological innovation. Chongqing is strengthening the foundation of digital development by enhancing data aggregation and computing power supply. It is fostering new quality productive forces in the digital sector through advancing digital industrialization and the digitalization of industries. By strengthening scenario-driven applications and AI empowerment, the city is promoting comprehensive digital transformation across urban domains. Additionally, it is optimizing the development environment for the digital industry by focusing on talent cultivation and building an open-source ecosystem.

Miao Wei, a member of the Standing Committee and Deputy Director of the Economic Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference, and former Minister of Industry and Information Technology, said in the keynote speech that, China, as the only country in the world with all industrial categories, is rapidly integrating its digital and real economies. He particularly lauded Chongqing as a benchmark for the integration of digital and real economies in the Western China, highlighting its remarkable achievements. Specific examples included the SERES Smart Factory, which has achieved 100% automation in key processes and reduced product delivery cycles by 30%, as well as Mashang Consumer Finance Co., Ltd.’s large language model “Tianjing 3.0″which uses AI to empower financial services so as to boost domestic consumption.

As the host city of the World Smart Industry Expo, Chongqing has also established itself as a major hub for the digital economy. The city is experiencing vigorous growth in this sector, with the scale of its digital economy exceeding the one-trillion-yuan threshold. It has nurtured a group of leading enterprises and formed a virtuous cycle of “innovation and R&D — real-world application — cluster expansion,” providing core driving force for the regional digital economy.

Mashang Consumer Finance Co., Ltd. is a typical example of an enterprise rooted in Chongqing while serving the whole nation. Backed by the excellent business environment in Chongqing, the company has always clung to independent R & D in science and technology. It has formed a research team of over 3,400 people, accounting for over 75% of its total staff, and independently built more than 1,000 core systems covering the whole processes of risk control, customer service, marketing and asset management, making a key leap from a “technology user” to a “technology creator”. In 2023, Mashang Consumer Finance Co., Ltd. pioneered the release of “Tianjing”, a large language model for retail financial services targeting a user base of hundreds of millions. Now it has evolved to Version 3.0 and the model has been fully deployed across eight major application scenarios.

At the 2025 Digital Industry Ecology Conference, Mashang Consumer Finance Co., Ltd. released a number of achievements and cooperation projects, leading the collaborative development of the digital industry ecosystem. It officially launched the first financial blockchain management platform ahead of other national consumer finance companies, and implemented the first-ever “Blockchain + Digital Yuan” ABS transaction, building a reliable, open and shared “digital base” for the industry. It unveiled two Chongqing Municipal Key Laboratories jointly with Chongqing University of Posts and Telecommunications and the Chongqing-Shanghai Artificial Intelligence Research Institute of Shanghai Jiao Tong University, aiming to build an innovative platform for special-purpose quantum computing and enhance the research level of cybersecurity and digital economy governance. Additionally, a strategic cooperation agreement was signed with the Southwestern University of Finance and Economics to jointly build a new paradigm for deep industry-academia-research integration. This initiative integrates basic research, technological breakthroughs, talent development, and results translation into a unified strategy, fostering a fertile environment for Chongqing’s digital economy.

The conference also invited Jiang Xiaojuan, Honorary President of the China Society of Industrial Economics and Former Deputy Secretary- General of the State Council, Lu Jianhua, an academician of the Chinese Academy of Sciences and Deputy Director of the National Natural Science Foundation of China, Liang Tao, Former Vice-Chairman of the China Banking and Insurance Regulatory Commission, Wang Zixiong, a member of the Party Working Committee and Deputy Director of the Administrative Committee of Chongqing Liangjiang New Area, Li Lihui, former President of the Bank of China, Jiang Ning, Executive Deputy General Manager of Mashang Consumer Finance Co., Ltd., Yuan Foyu, Vice-President of Baidu Group, and Liu Yuanxin, Chief Expert of Huawei’s Digital Finance Legion, to jointly discuss key issues like the development trends of the digital industry and the deep integration of the digital economy and the real economy. More than ten government leaders and academicians, over 50 technologyfirms , more than 300 top-notch companies and over 1,500 industrial – chain partners gathered in Chongqing. The event demonstrated nearly 20 billion yuan in potential investment attraction, drove over 30 million yuan in direct and indirect economic benefits, and generated more than 20 million online and offline impressions. These efforts propelled “Chongqing’s Digital Industry” to trend once again, serving as a powerful testament to the city and the industry moving forward together.

At the closing ceremony of the Smart Expo held on the afternoon of 8th September, Cao Jingquan, Secretary of the Party Committee of Mashang Consumer Finance Co., Ltd., stated that under the guidance of the Chongqing Municipal Party Committee and the Municipal Government of Chongqing, the company will continue to leverage the dividends of large language models to create a replicable and scalable “Mashang Solution”, and together with industrial partners, to enhance the accessibility, coverage and satisfaction of financial services , channeling more “financial vitality” into the real economy, and infusing more “intelligent nourishment” into thousands of households across the coutry.

As a national-level exhibition platform, the World Smart Industry Expo and Chongqing have mutually reinforced each other’s growth. The event has converged unprecedented flows of people, goods, capital and information, unleashing a strong “Smart Expo Effect”. Though the Expo concludes, its impact endures. The 2025 Digital Industry Ecology Conference not only enhanced Chongqing’s reputation as a hub of digital industry, but also continues to attract high-end talents, cutting – edge technologies and high – quality resources to Chongqing and Western China, injecting robust momentum into regional high – quality development while offering valuable “Chongqing Model” and “Western Experience” for talent mobility and industrial upgrading across the country.

Hashtag: #TheWorldSmartIndustryExpo2025

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

Driving Safety and Intelligence in Focus at Munich Main Stage: Giraffevision Highlights the Value of HUD Technology


BADEN-WÜRTTEMBERG, GERMANY – Media OutReach Newswire – 9 September 2025 – On September 11, 2025, Giraffevision Chairman Zhang Tao attended the Main Stage in Munich IAA, where he shared valuable insights on the theme “Making Driving Safer with Head-Up Displays.”

Driving Safety and Intelligence in Focus at Munich Main Stage: Giraffevision Highlights the Value of HUD Technology
Driving Safety and Intelligence in Focus at Munich Main Stage: Giraffevision Highlights the Value of HUD Technology

As a leading player in the head-up display (HUD) industry, Giraffevision remains committed to its mission of “To Show a Better World with Technology and Innovation.” The company is dedicated to advancing intelligent visual interaction within automotive cockpits, building a bridge of trust between drivers and vehicles, and promoting safer, smarter, and more convenient mobility for the future.

In his speech, Zhang Tao outlined three key drivers behind the rapid adoption of HUD technology in the Chinese market: growing safety demands, the push toward intelligent mobility, and ongoing cost optimization. He also explored the global potential of HUD deployment and shared forward-looking insights into the future of intelligent human-machine interaction.

Giraffevision is committed to co-creating value with its customers. Its R&D and service teams have accumulated extensive experience in supporting OEM partners to enhance driving safety and deliver differentiated interactive experiences. Looking ahead, Giraffevision will continue to strengthen its global supply chain capabilities and tailor its solutions to accommodate diverse driving habits across regions. By bringing intelligent visual solutions to a broader range of users and mobility scenarios, the company aims to redefine the driving experience through visual innovation—building trust between people and vehicles, and turning every journey into a visibly safer experience.

Hashtag: #Giraffevision

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

KBTG Techtopia: At World’s Beginning opens the window into the future of humanity, reaffirming that humans and AI, when combined, are the beacon of the new era

BANGKOK, THAILAND – Media OutReach Newswire – 9 September 2025 – KASIKORN Business-Technology Group (KBTG) reinforces its leadership in technology within the region by hosting KBTG Techtopia: At World’s Beginning, the third annual technology conference that brings innovations and creativity together in one place at the Queen Sirikit National Convention Center. The event welcomed more than 4,000 participants from diverse industries, supported by leading partners both locally and internationally. The theme of this year’s event, “At World’s Beginning”, reflects a world that is no longer the same, and raised the question of how people and technology can move forward together. Participants were invited to explore new beginnings and ignite hope for creating a better tomorrow by combining the power of humans and emerging technologies, especially AI, to unlock limitless possibilities.

KBTG Techtopia welcome 4,000+ attendees to its third annual conference
KBTG Techtopia welcome 4,000+ attendees to its third annual conference

Mr. Ruangroj Poonpol, Group Chairman, KASIKORN Business-Technology Group (KBTG), said, “KBTG Techtopia is an international technology conference that brought together world-class innovations and creativity, supported by leading partners both locally and internationally. This year, the event attracted more than 4,000 participants and was held under the theme “At World’s Beginning” to explore new beginnings and ignite hope for a better tomorrow through the combined power of humans and technology. Currently, AI stands at many crossroads where humans must determine its future, from the arrival of Agentic AI to AI governance and containment, as well as the balance between practical applications and Artificial General Intelligence (AGI), and global collaboration across sectors. Additionally, the conference highlighted the importance of addressing the energy footprint and leveraging AI to reduce inequality to ensure that intelligence is not limited to only the wealthy.”

"AI itself won’t change the world, humans using AI will." - Ruangroj Poonpol
“AI itself won’t change the world, humans using AI will.” – Ruangroj Poonpol

Another highlight of this year’s event was a recorded conversation between Mr. Ruangroj Poonpol and Dr. Andrew Ng, Managing General Partner of AI Fund. Although Dr. Andrew Ng could not attend in person this year, he shared valuable insights with participants under the topic, “AI’s Next Frontier: Transitioning from Hype to Impact.” Key takeaways included the transition from Gen AI to Agentic AI, which is like having access to a broader set of tools that enables the creation of more complex and useful applications, especially when users understand how to combine these tools effectively. He emphasized that AI will not replace people, but people who use AI will replace those who don’t, particularly for non-technical roles such as finance, law, and management. On the engineering side, AI coding assistants will allow developers to build software faster, accelerate proof of concept development, and reduce costs. Regarding Physical AI and robotics, Dr. Andrew Ng pointed out that practical applications in industries are beginning to emerge, although they have not yet reached the inflection point like large language models (LLMs). He also stressed that it is not too late to start learning AI, and the knowledge gained today will remain relevant in the future. While some aspects may eventually become obsolete, 80-90 percent of what is learned today will still hold value a year from now, giving learners a significant advantage over those who do not learn.

Regarding corporate strategy, emphasis should be placed on employee training, creating sandboxes for new experiments, and selecting high-value use cases that align with the corporate strategy, while maintaining a balance between innovations, governance, and guardrails. Moreover, Dr. Andrew Ng expressed confidence in Thailand’s potential to become a regional leader in AI and pledged continued support for the development of its ecosystem.

The KBTG Techtopia event also featured three main discussion stages, bringing together leading global speakers to debate hot topics and propose solutions through real-world examples. In the morning, attendees listened to various topics from speakers including: Professor Danielle Wood, Director of the Space Enabled Research Group at MIT Media Lab; Mr. Kevin Wei Wang, Senior Partner at McKinsey & Company; and Ms. Cindy Chow, Executive Director and CEO of the Alibaba Entrepreneurs Fund. Additionally, the afternoon featured interesting topics ranging from research fields to corporate transformation, future of education, healthtech, and human-centered product design, all in accordance with the event’s theme.

Furthermore, there were numerous activities designed to help ignite inspiration, unlock potential, and expand everyone’s thinking boundaries, including a zone showcasing new, never-before-revealed technologies and innovations from KBTG and leading technology partners, playground workshops offering hands-on training by real experts to build future-ready skills, and a community circle for exchanging ideas with the tech communities in a casual, friendly atmosphere.

Mr. Ruangroj concluded, “KBTG Techtopia is not merely a technology exhibition, but a stage created to spark new ideas and connect people who share a common dream of building a better world with technology. KBTG believes this event will be a new beginning for that world, towards a future filled with hope. KBTG will lead in driving that future through crafting meaningful innovations and continuing to inspire the new generation and entrepreneurs across all sectors.”
Hashtag: #KBTGTechtopia #KBTG #AtWorldsBeginning #AI #AgenticAI #AGI #TechConference





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

KASIKORN Business-Technology Group

KBTG is a tech arm of KASIKORNBANK. We never cease to innovate financial applications and beyond. Utilizing our expertise, experience and expansive ecosystem, we are proud to serve millions of customers across the nation and the region.

Horizon Robotics Showcases Next-Generation Smart Driving Solutions at IAA Mobility 2025

Empowering Chinese and international automakers’ smart mobility strategies globally

MUNICH, Sept. 9, 2025 /PRNewswire/ — Horizon Robotics (stock code: 9660.HK), a leading provider of smart driving solutions for passenger vehicles, presented its leading smart driving solutions at IAA Mobility 2025. The company also announced the official establishment of its European headquarters, a strategic milestone that strengthens its global expansion and localized operations, enabling Horizon Robotics to deliver safer, more comfortable, and more convenient mobility experiences for drivers and passengers worldwide.

Horizon Robotics at IAA Mobility 2025
Horizon Robotics at IAA Mobility 2025

Building on its collaborations with global OEMs and Tier-1 suppliers, Horizon Robotics showcased its flagship full-scenario urban-NOA (Navigate on Autopilot) solution, HSD (Horizon SuperDrive™), at the event. Featuring a leading one-stage end-to-end architecture with reinforced learning capabilities, HSD delivers a smoother, more human-like, and highly reliable driver-assistance experience across complex urban scenarios. The company also presented its Journey™ 6 processing hardware, which underpins Horizon’s assisted driving solutions and supports a full spectrum of capabilities, from foundational advanced driver assistance systems (ADAS) features to advanced urban NOA functionalities, serving both mainstream and premium markets.

With its strong product capabilities, Horizon Robotics has established a dominant position in China, securing the top market share in both ADAS solutions (45.8%) and overall intelligent assisted driving solutions (32.4%) among Chinese OEMs. The company has partnered with more than 40 global OEMs and brands, including all of China’s Top 10 OEMs, securing design-wins for over 400 vehicle models and serving more than 6 million car owners. Total shipments of Journey series processing hardware has surpassed 10 million units, making Horizon the first smart driving technology company in China to achieve this milestone and setting a new industry benchmark.

Leveraging this success, Horizon Robotics is rapidly expanding its role as a trusted smart mobility partner for Chinese OEMs going global. To date, the company has supported seven leading Chinese OEMs, including SAIC, BYD, Chery, Great Wall, NIO and VOYAH, powering over 25 vehicle models to enter major markets across Asia, Europe, the Middle East, South America, and Australia. To enable these deployments, all Horizon Robotics solutions are fully compliant with international and EU safety regulations and certification requirements, validated through over 1.5 million kilometers of real-world road testing across more than 50 countries and regions worldwide.

At the IAA Mobility 2025, the European edition of NIO’s firefly was showcased at Horizon Robotics’ booth. It comes standard with Horizon’s Journey processing hardware, delivering advanced assisted driving capabilities that offer European customers a safe, agile and enjoyable driving experiences.

To further strengthen these collaborations, Horizon Robotics has officially opened its European office. The new office provides on-the-ground support to Chinese and international OEMs advancing smart mobility across Europe and beyond, enhances local insights into consumers’ needs and regulatory requirements, and brings the benefits of smart driving to more consumers, delivering safer, more convenient and pleasant journeys.

“We are excited to showcase our latest smart driving solutions on the global stage, highlighting how Horizon Robotics supports and empowers OEMs and ecosystem partners to advance smarter mobility worldwide,” said Dr. Yu Kai, Founder and CEO of Horizon Robotics. “We look forward to bringing safer, smarter, and more convenient driving experiences to millions of drivers and passengers globally.”

Looking ahead, Horizon Robotics remains committed to advancing smart driving solutions and enhancing the driving experience for people everywhere. By integrating these solutions into everyday life, the company continues to fulfill its mission to make human life safer and better through smart vehicles.

About Horizon Robotics

With its mission to make human life safer and better, Horizon Robotics is a leading provider of smart driving solutions for passenger vehicles, empowered by its proprietary software and hardware technologies. Its solutions combine cutting-edge algorithms, purpose-built software and processing hardware, providing the core technologies for smart driving that enhance the safety and experience of drivers and passengers. Horizon Robotics is a key enabler for the smart vehicle transformation and commercialization with its integrated solutions deployed on mass scale.

Kia showcases its extensive EV portfolio at IAA Mobility 2025

  • Kia presents its extensive EV lineup to the European public at IAA Mobility 2025 in Munich
  • Kia EV5 and Concept EV2 make their European debut, joining the EV3, EV4, new EV6 GT, EV9 GT andPV5
  • Visitors can also test drive Kia’s EV models – including the EV3, the new EV6, the new EV6 GTand EV9experiencing their advanced technology and versatility
  • ‘Windows of Inspiration’ exhibition immerses visitors with mirrored pillars and zoned displays, presenting Kia’s EV line-up in harmony with Munich’s urban landscape’

MUNICH and SEOUL, South Korea, Sept. 9, 2025 /PRNewswire/ — Kia will attend IAA Mobility 2025, marking the European debut of the EV5 and reinforcing the brand’s growing presence in Europe’s rapidly expanding electric vehicle (EV) market.

Kia showcases its extensive EV portfolio at IAA Mobility 2025
Kia showcases its extensive EV portfolio at IAA Mobility 2025

Held from September 9 to 14 in Munich, IAA Mobility is recognized as the world’s largest mobility exhibition. Kia will seize this global stage to showcase its expansive EV line-up in an open-air display, underscoring its leadership in electrification.

European Public Debut of Kia‘s broad EV Lineup

Under the theme ‘Windows of Inspiration‘, Kia will present its most comprehensive EV portfolio ever to the European public. The display will feature the Concept EV2, EV3, EV4, EV5, new EV6 GT, EV9 GT and PV5, while visitors can also test drive the EV3, the new EV6, the new EV6 GT and EV9. Together, these models reflect Kia’s strategy to make electric mobility accessible across multiple segments and lifestyles.

The highlight of Kia’s presence at IAA Mobility 2025 is the European public debut of the Kia EV5, a fully electric C-SUV designed for modern families and people with active lifestyles. Built on the E-GMP platform, the EV5 combines bold SUV styling with a versatile interior featuring second-row full-flat folding seats, rear seat-back tables, and a panoramic wide display that creates a lounge-like atmosphere. With an estimated range of up to 530 km, 30-minute fast charging, Vehicle-to-Load (V2L) capability, and towing capacity of up to 1,200 kg in Europe, it delivers everyday practicality and outdoor versatility in equal measure, underscoring Kia’s commitment to making EVs more accessible.

Joining the display is the Concept EV2, a compact B-segment SUV that embodies Kia’s vision for innovative EVs. Designed to inspire with a spirit of adventure, it combines a bold aesthetic with vertical daytime running lights and Kia’s signature ‘Star Map’ lighting. Tailored for busy urban lifestyles and embodying Kia’s forward-looking design direction, the Concept EV2 previews a production model set to launch next year.

The Kia EV4 will also be statically displayed, broadening consumer choice within the electrified C-segment. The EV4 offers up to 625 km of range (WLTP) and features fast-charging capability that allows it to charge from 10 to 80 percent in just 31 minutes.

The spotlight will also shine on the new EV6 GT performance model, Kia’s most dynamic EV to date. Delivering maximum 650 PS of power and accelerating from 0 to 100 km/h in just 3.5 seconds, it pairs exhilarating performance with everyday usability, underscoring Kia’s ability to seamlessly integrate electrification with genuine performance credentials.

Also present will be the EV9 GT, the most powerful SUV Kia has ever produced with 508 PS and a 0-100 km/h in just 4.6 seconds. The extra power over the regular EV9 is supported by Electronically Controlled Suspension (ECS) that provides excellent ride comfort and driving stability through optimal suspension control. And despite delivering such impressive performance, the EV9 still sports a range of up to 510 km (WLTP).

Kia’s innovative PV5, which marks the brand’s entrance into the Light Commercial Vehicle (LCV) market will also be presented in its Passenger variant, a family-friendly configuration offering the flexibility of five to seven seats. As Kia’s first dedicated PBV model, the PV5 is designed to redefine modular and flexible electric mobility, using a unique building block architecture that enables up to 16 different variants. This versatility allows the PV5 to seamlessly adapt from passenger transport to commercial applications, underscoring Kia’s ambition to expand into new mobility ecosystems.

‘Windows of Inspiration’: An Innovative Outdoor Exhibition Concept

Kia’s IAA showcase will be brought to life through the concept ‘Windows of Inspiration’. The open-air booth features mirrored pillars and dedicated zones for each model, creating immersive visual effects that blur the boundaries between reality and reflection. This approach presents Kia’s EV line-up in harmony with Munich’s urban landscape, offering visitors a striking and memorable way to experience Kia’s vision of sustainable mobility.

“Kia will take the lead in popularizing EVs by continuing to participate in major regional motor shows, while continuing to reach global customers and solidify its image as a trusted, leading EV brand. Our return to IAA Mobility 2025 in Munich marks an important milestone, reaffirming our commitment to sustainable mobility and strengthening our presence in Europe’s rapidly growing EV market,” said Charles Ryu, Head of Global Brand & Customer Experience Division.

Visitors to IAA Mobility 2025 Open Space can experience Kia from September 9 until September 14 at its outdoor booth next to Ludwigstraße 22, 80539 in central Munich.

Bybit Partners with Sygnum to Bring Off-Exchange, Swiss-Regulated Custody to Strengthen Institutional Crypto Security

DUBAI, UAE, Sept. 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic partnership with Sygnum, a global digital asset banking group, to provide institutional clients with secure, off-exchange custody through the Sygnum Protect platform.

This integration strengthens Bybit’s position as a trusted partner for institutions by combining its broad product range and deep liquidity with the bank-grade security of Swiss-regulated custody. Bybit’s institutional clients can now hold assets off-balance sheet at Sygnum Bank while trading spot and derivatives seamlessly on Bybit. Asset balances are instantly mirrored on the exchange and trading P&L is settled automatically every eight hours, ensuring both capital efficiency and operational transparency.

A New Standard for Institutional Security

Sygnum Protect is the largest bank-operated Off-Exchange Custody platform, now covering exchanges that collectively account for over 50% of global annual spot and derivatives volumes. Bybit joins other leading members of this ecosystem, reinforcing its commitment to providing institutional investors with the highest standards of security, resilience, and trust.

The platform integrates multiple security layers, including advanced software-hardware controls, strict governance, independent audits, and the legal protection of bankruptcy-remote asset custody under Swiss banking law. This gives institutional clients peace of mind that their assets are safeguarded even in times of market uncertainty.

Expanding Bybit’s Custody Ecosystem

Bybit has built a robust network of trusted custody partners, including Fireblocks, Copper, and Cactus, to give clients flexibility and confidence in safeguarding their assets. The addition of Sygnum Bank marks a new milestone in this strategy, bringing regulated, bank-grade off-exchange custody into the Bybit ecosystem.

“Crypto and stablecoin infrastructure is evolving, and managing counterparty risks is essential for further institutional adoption,” said Yoyee Wang, Head of Bybit’s Business-to-Business Unit (BBU). “Our partnership with Sygnum Bank not only gives clients access to Bybit’s industry-leading products and liquidity, but also ensures their assets are safeguarded with the highest standards of Swiss banking. Together, we are building a secure and transparent foundation for institutions to trade with confidence.”

“Sygnum Bank remains committed to working with leading exchanges to enhance the resilience of the crypto industry and empower institutions to trade with peace of mind,” said Dominic Lohberger, Sygnum Chief Product Officer. “The rapid adoption of Sygnum Protect by institutional clients trading on Binance, Deribit, and now Bybit, demonstrates the urgent need for bank-grade, off-balance sheet custody solutions. We are delighted to welcome Bybit to our growing network of integrated exchanges.”

Looking Ahead

As part of the Sygnum Protect roadmap, the next phase will introduce automated collateral transfers between exchanges to further enhance capital efficiency and asset allocation for institutional clients.

With this collaboration, Bybit continues to deliver on its mission of creating a secure, transparent, and innovative trading environment, giving institutions the tools they need to thrive in the evolving digital asset landscape.

#Bybit / #TheCryptoArk / #IMakeIt

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 Sygnum

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services. In Switzerland, Sygnum holds a banking license and has CMS and Major Payment Institution licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi, Luxembourg and Liechtenstein. We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.

Sygnum Media contact 
Dominic Castley, Chief Marketing Officer
dominic.castley@sygnum.com

Sygnum Bank AG,
Uetlibergstrasse 134a,
8045 Zurich, Switzerland

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. Sygnum expressly disclaims all liability that may be based on such information, omissions, or errors thereof. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal, investment advice, recommendation, offer or invitation by or on behalf of Sygnum to purchase or sell any assets.