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Meizu Deepens Its Globalization by Launching Cutting-Edge Smartphones and Wearables

SHENZHEN, China, May 20, 2025 /PRNewswire/ — Following its high-profile showcase at MWC 2025 and strategic collaborations with Geely, Meizu reaffirmed its global ambitions with an online launch event on May 20. The event launched five new smartphones—MEIZU Mblu 22, MEIZU Mblu 22 Pro, MEIZU Note 22, MEIZU Note 22 5G, and MEIZU Note 22 Pro 5G—alongside the AR smart glasses StarV View and the health-centric StarV Ring2. This launch marks Meizu’s bold re-entry into the global market, driven by its All in AI strategy and commitment to delivering innovative, interconnected ecosystems.

Reimagining Mobile Innovation: The Next-Generation Smartphone Portfolio


Designed for value-driven consumers, the MEIZU Mblu 22 and MEIZU Mblu 22 Pro balance affordability with high-grade performance. MEIZU Mblu 22 features a 6.79-inch HD+ display with a 90Hz refresh rate, powered by an octa-core processor delivering balanced performance. Its 5,000mAh battery supports day-long usage, while the F1.8 large aperture camera captures stunning landscapes and captivating portraits with breathtaking clarity. Its price will range from $79 to $89.


MEIZU Mblu 22 Pro Elevates the experience with a powerful MediaTek Helio G81 processor, a 6.79-inch FHD+ 120Hz ultra smooth display, and 50MP ultra HD main camera plus 2MP macro camera. Its Titan shield architecture is constructed with high-strength materials and rigorously tested for reliability. Its price will range from $99 to $129.


However, the MEIZU Note 22 lineup targets tech enthusiasts with a perfect balance of performance and price. MEIZU Note 22 is equipped with a stunning triple-camera system — 108MP main camera,  8MP ultra-wide camera and a 2MP portrait camera — capturing beautiful vivid moments day and night. Its 5,000mAh battery supports 40W fast charging, while 6.78-inch FHD+ 120Hz ultra AMOLED display delivers a smooth interactive experience. Its price will range from $179 to $299.


MEIZU Note 22 5G is equipped with up to 24 GB RAM to ensure the phone is running smoothly for longer periods. It also supports 5G connectivity and features a 50MP triple-camera system with AI scene optimization for photo enhancements. The premium stylish design with the idea of traditional Chinese architecture makes this phone stand out. Its price will range from $169 to $229.


MEIZU Note 22 Pro 5G  boasts a Snapdragon 7s Gen 3 processor, a 50MP ultra HD main camera, and Meizu’s proprietary Flyme AIOS, which learns user habits to optimize battery life, app performance, and multitasking. The model also includes a 6200 mAh long-lasting battery with 80W fast charging, reducing battery anxiety. Its price will range from $299 to $369.


Beyond Smartphones: StarV View AR Glasses and StarV Ring2

At the launch event, Meizu also brings its smart wearables to the global market. The StarV View merges style with cutting-edge AR capabilities. It has 188-inch 120Hz display with ultra high definition of 85mm/LP and 10-level brightness adjustment, creating a cinematic viewing for users. However, it is only 74g and is easy to take anywhere. It also supports 0-600 diopter adjustment and is very friendly to people with myopia. The glasses are like a private theater in your pocket.


While the StarV Ring2 revolutionizes wearable health tech. Wearing the ring, you can track your sleep data and assess sleep quality, monitor your heart rate, exercise duration and empower you to manage health and stress. It has an IP68 rating of water resistance, which means you can wear it everywhere, even while you are swimming. Powered by Flyme OS, you can also control your phone or glasses by using the ring.


Overseas Flyme AI Ecosystem Strategy

These smartphones and wearables will firstly be available in Russia, Spain, Malaysia and Vietnam, and will be available in more than 30 countries and regions, including Asia Pacific, Latin America, the Middle East, Central Asia, and Europe. This new product launch event takes Meizu to a new stage in the global market, leveraging its “smartphones+XR+smart cars” ecosystem to deliver seamless cross-device experiences.

Cheng Li, Meizu’s CMO for Global Business, emphasized the brand’s roadmap: “Our All in AI strategy bridges hardware, software, and services to create a seamless smart life. We will continue to develop new products to bring consumers more cost-effective and personalised electronic products according to the habits of consumers in different countries and regions.”

Meizu is the smartphone brand of DreamSmart Group, which carries AI eco-products in three product areas, which are smartphones, XR and smart cars. With deep technological expertise in multiple industries, DreamSmart is recognized as a leader in smart ecosystems.

This launch isn’t merely a product showcase—it’s a manifesto for the AI-driven future. By fusing hardware excellence with adaptive intelligence, Meizu positions itself as a pioneer in an era where technology anticipates human needs. With smartphones, AR glasses, and health wearables working in concert, the brand is poised to redefine global standards for innovation, connectivity, and user-centric design.

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Goodsleep Revolutionizing Sleep Comfort in Singapore

SINGAPORE, May 20, 2025 /PRNewswire/ — In an industry dominated by big players in the market, Goodsleep Singapore has boldly entered the Singaporean sleep market with a refreshing promise: Customisable sleep solutions at wallet-friendly prices. Founded in 2020, the homegrown brand is shaking up the bedding industry by making it accessible without the hefty price tag. The Signature Mattress is engineered with features typically reserved for higher end brands – like enhanced zonal support, GlacierCool with Anti Dust Mite fabric, and individual pocket springs at a fraction of the price consumers are used to seeing. The brand’s direct-to-consumer model eliminates the middleman, allowing it to pass significant savings on customers. Their strategic moves enable affordability while maintaining high standards in craftsmanship.

“We believe that everyone deserves a good sleep, not just those who can afford to pay thousands of dollars for a mattress,” said the founder. “By cutting unnecessary overhead and focusing on what truly matters—comfort, durability, and support—we’re able to deliver a premium product at an affordable price.”

Goodsleep Signature Mattress
Goodsleep Signature Mattress

Understanding the needs of local consumers, Goodsleep has thoughtfully designed its products to fit Singapore’s sultry weather with the use of GlacierCool technology, a breathable and cool to touch fabric that dissipates heat and enhanced airflow – making it ideal for tropical nights. The Signature Mattress is also fully customisable with three firmness level inserts: Soft, Medium, and Firm, allowing consumers to tailor their mattress to their exact preference. Paired with motion-isolating individual pocket springs, the Signature Mattress offers an uninterrupted and deeply restorative sleep experience.

More than just mattresses

Goodsleep has curated a selection of sleep-enhancing accessories including Ergonomic Cloud Memory Foam Pillows with adjustable support layers available to add on for the perfect sleep and the Forest 2-in-1 Dehumidifier and Air Purifier, designed to improve air quality and humidity levels for optimal sleep conditions.

By offering holistic sleep support, the brand is positioning itself as more than just a mattress company – it’s becoming a one-stop shop for better rest.

Designed for the locals by the locals

Goodsleep proudly researched and designed all its products in Singapore, for Singapore. Compact mattress packaging for easy delivery, and a 10-year product warranty to further reflect their customer-first approach.

With demands for effective, high-quality sleep solutions continue to grow, Goodsleep is carving out a strong presence with its customisable, premium grade wallet-friendly products. With a clear focus on innovative customer-centric design, the brand is quickly emerging as a standout in Singapore’s market. For those looking to elevate their nightly rest without stretching their budget, Goodsleep offers a smart and compelling alternative. Their commitment positions them as a promising player in the industry. If sleep is the ultimate luxury, Goodsleep is putting it within reach.

Watch Goodsleep Signature Mattress here:
https://youtu.be/4nuQF6VXW_w

Point of Contact:
hello@goodsleep.sg / https://wa.me/6586858813

Website:
www.goodsleep.sg

Socials:
https://www.instagram.com/goodsleepsg/
https://www.facebook.com/GoodsleepSg
https://www.tiktok.com/@sg.goodsleep
https://www.youtube.com/@GoodsleepSG

 

100+ Events, From Prototype to Product: SuperAI’s Singapore AI Week (16-22 June) Unites the Global AI Ecosystem

  • Singapore AI Week will stage 100+ events across 10 themed Community Hubs, from Mixmag’s creative-tech stage to the National Youth Council/Wavesparks student programme.
  • Over US$250,000 in builder capital up for grabs: up to US$100,000 investment opportunity from 500 Global for the Genesis Startup Competition; US$50,000 in Draper University prizes headline the NEXT Hackathon.
  • AI Creator Lab presented by AMD equips artists and makers with cutting-edge Ryzen(TM)-powered hardware and live mentorship.

SINGAPORE, May 20, 2025 /PRNewswire/ — SuperAI today unveiled the anchor events, prize pools, and community activations that will turn Singapore AI Week (16-22 June) into the city-state’s largest AI festival to date. More than 100 events – spanning a US$50,000 hackathon, a US$200,000 startup competition, and AMD’s hands-on AI Creator Lab – will map the journey from prototype to product and draw over 7,000 technologists to the flagship SuperAI conference at Marina Bay Sands (18-19 June).

“AI’s trajectory is everyone’s question right now,” said Peter Noszek, Co-Founder of SuperAI. “With AMD, AWS, 500 Global and over 150 partners, we’re opening the doors to this next wave of innovation. Builders, investors or the simply curious – there’s a session here for everyone.”

Through the SuperAI NEXT Hackathon (17-19 June), 60 AI and machine learning engineers will race round-the-clock to ship working products, competing for US$50,000 in prizes from Draper U, guided by AWS mentors.

SuperAI will also host the Genesis Startup Competition, in partnership with AWS, 500 Global, and Plug & Play APAC, as 10 finalists chosen from hundreds of global applicants will vie for over US$200,000 in funding and support, including an up to US$100,000 seed investment from 500 Global (subject to final agreement on terms and due diligence).

Khailee Ng, Managing Partner at 500 Global, said: “Genesis provides a catalytic moment for AI founders: a US$100,000 cheque, SuperAI’s global spotlight, and connections that compress a year of fundraising and networking into a single week.”

Jielun Ong, Senior Director at Plug and Play APAC added: “Great startups aren’t built in garages anymore, they’re built within ecosystems. They don’t just need capital but also cross-pollination with experts, fellow founders and corporate partners and that is what Plug and Play stands for.”

This year, SuperAI joins forces with AMD to present AI Creator Lab (19 June), for a live, hands-on showcase of creative workflows accelerated by AMD Ryzen™ AI 300 series processors. Creator Lab will showcase live demos with AV Mapping, and panels with AMD and Microsoft covering mobility, performance and ethics in the creator economy.

“At AMD, we have a bold vision to enable the future of AI everywhere – bringing open, high-performance computing to every developer, AI start-up and enterprise around the world,” said Peter Chambers, Managing Director of Sales, APAC and Country Manager, Australia, AMD. “AI PCs represent the next frontier in computing, transforming how we work, create as well as connect. We’re excited to collaborate with SuperAI to demonstrate how Ryzen™ AI PCs are supercharging creators’ workflows.”

Events extend from Marina Bay Sands to Punggol Digital District, with activations by The Generative Beings, AI Connex, MixMag and more. “Neural Networking,” hosted by HubSpot for Startups, Antler and Kadan Capital, will match AI-startup founders 1-to-1 with investors.

Policy will also take centre stage: GFTN Connect – AI Edition (18 June), organized by the Global Finance & Technology Network, a non-profit initiated by the Monetary Authority of Singapore, will convene global policymakers, regulators, and innovators for a high-level discussion on the intersection of AI, finance, and governance.

To widen access, SuperAI is partnering with Wavesparks and the National Youth Council to provide complimentary tickets to 100 students worldwide, plus curated career-matching activities.

For tickets, speaker updates, and partnership opportunities for SuperAI Singapore, visit www.superai.com. To see the latest Singapore AI Week programme, visit www.superai.com/sg-ai-week.

Peter Noszek, Co-Founder of SuperAI, is available for an interview.

About SuperAI Singapore

SuperAI is Asia’s largest AI event. Showcasing the transformative power of artificial intelligence, SuperAI brings together frontier technology visionaries, developers, startups, enterprises, researchers, and policymakers to shape the future. Taking place 18-19 June 2025 at the iconic Marina Bay Sands, SuperAI Singapore will convene over 7,000 attendees from more than 100 countries to explore and unveil developments in robotics, health, finance—and AI’s impact across industries and society.

 

HTX DeepThink: Bullish Sentiment Builds as BTC Holds Steady–Which Altcoins Will Lead the Rotation?

SINGAPORE, May 20, 2025 /PRNewswire/ — As mid-May unfolds, crypto market sentiment continues to rise. While major assets trend steadily upward, capital is beginning to rotate into fundamentally solid altcoins. In this edition of HTX DeepThink, Chloe (@ChloeTalk1) from HTX Research shares her macro outlook and strategic insights, with a spotlight on rotation opportunities across the SUI ecosystem and the emerging AttentionFi sector.


Macro Outlook: Rising Bullish Sentiment Amidst Steady Short-Term Uptrend

This week’s U.S. economic calendar is light on major data releases. Market attention is primarily directed towards Federal Reserve officials’ interpretations of recent commentary suggesting a possible single interest rate cut in 2025.

Analysis of options market data shows a prevailing bullish sentiment: the Call/Put open interest ratio has reached 1.55, accompanied by increasing premiums for call options. At the same time, short-term implied volatility (IV) has dropped to a new 18-month low of 35–40%.

In short: the market is experiencing “euphoric sentiment amid calm volatility.” Under such conditions, Bitcoin could retest new highs within the next 30–45 days, targeting the $105K–$115K range. However, this mix of high sentiment and low volatility often conceals the build-up of excessive leverage. A sudden surge in IV or a meaningful drop below $100K could trigger a sharp deleveraging event.

Strategic Positioning: Capital Rotation into High-Quality Altcoins for Momentum Capture

From a capital allocation perspective, rotating a portion of capital into fundamentally strong and liquid altcoins may present an opportunity to capitalize on potential spillover momentum from Bitcoin’s upward trajectory. This edition of HTX DeepThink highlights promising sectors and projects worthy of investor attention.

SUI Ecosystem: All-Time High Market Cap, Undervalued Core Project

The SUI chain has reached an all-time high in market cap, but its ecosystem projects have yet to follow with substantial gains. This opens a window for early positioning in undervalued ecosystem leaders. HTX has listed two standout projects within the SUI ecosystem: Haedal and Bluefin.

  • Haedal is the dominant LST (liquid staking) protocol on SUI, commanding 76% of market share and benefiting from strong network effects.
  • Bluefin, SUI’s flagship perpetual DEX, currently holds a market cap of only $31.6M yet has achieved an annualized revenue of $8.2M, implying a price-to-sales (P/S) ratio of just 3.8x—far lower than GMX (9.1x) and Drift (12.4x). The upcoming V2 upgrade will introduce veTokenomics and new trading incentives, potentially boosting both user activity and protocol revenues.

Given the rising attention on SUI’s mainnet, Haedal and Bluefin appear to exhibit dual potential for valuation recovery and Beta-driven upside, which may warrant mid-term attention from market participants.

AttentionFi: Capitalizing on Bull Market User Acquisition Premium

New Web3 projects are launching rapidly, and the cost of user acquisition is soaring. In traditional channels like Telegram, Google, or Red Note, user acquisition cost (UAC) is calculated via “traffic × conversion rate.” With CPCs at $0.5–1.0 and conversion rates around 10%, it can cost $5–10 to acquire a real, retained user.

Kaito offers a far more efficient “attention engine.” Its API charges based on a combination of reputation score and meaningful engagement. As a result, project teams can acquire real users with 3–4x higher retention at just $2–3 per user—much lower than traditional channels. With this model, Kaito has grown rapidly, expanding from 30 to 120 integrated projects in the past three months, and quadrupling API call volume.

Meanwhile, $KAITO staking has surged to 19.7M tokens, and the protocol has cumulatively bought back and burned 3.7M tokens, creating a strong demand-supply mismatch and deflationary pressure that supports higher price ceilings.

On Base chain’s IDO platform Virtuals, users who stake ≥5,000 $KAITO can earn Virgen Points to redeem IDO allocations. Several recent IDOs have seen 10–30x returns on day one, forming a lucrative loop: stake → points → arbitrage.

With the recent listing of $KAITO on HTX, its liquidity is expanding—and in a bull market where competition for user attention intensifies, Kaito’s combination of low-cost, high-precision targeting and deflationary tokenomics makes it a promising asset to watch.

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

About HTX DeepThink:

HTX DeepThink is a flagship market insights column created by HTX, dedicated to exploring global macro trends, key economic indicators, and major developments across the crypto industry. In a world where volatility is the norm, HTX DeepThink aims to help readers “Find Order in Chaos.”

About HTX Research

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

 

Phu Quoc Airport Set for Mega Upgrade Ahead of APEC 2027

a phoenix-inspired design of Phu Quoc International Airport
a phoenix-inspired design of Phu Quoc International Airport

Phu Quoc International Airport in Kien Giang Province will undergo major expansion and upgrades to support the 2027 APEC (Asia-Pacific Economic Cooperation) Economic Leaders’ Week and boost local socio-economic and tourism development.

Enfinity Global closes €100 Million Bond with Eiffel to Accelerate Energy Storage and Solar PV Projects in Europe

MIAMI, May 20, 2025 /PRNewswire/ — Enfinity Global Inc., a leader in renewable energy, today announced the successful closing of an up to €100 million bond facility to support the deployment of its energy storage and solar PV projects across Europe. The facility is being provided by Eiffel Investment Group, an independent asset manager focused on sustainable investments, through four of its investment vehicles.

This transaction marks a significant milestone, that underscores the platform’s quality for investors and Enfinity’s execution capabilities. It is also the company’s first financing of its battery energy storage system (BESS) portfolio in Europe, where it is developing a 6.4 GW BESS pipeline—including 5.1 GW in Italy and 1.3 GW in the UK. Energy storage is a key component of Enfinity’s strategy to deliver 24/7 renewable energy solutions to corporate and industrial customers while contributing to grid resilience.

“We are thankful to Eiffel Investment Group for supporting the growth of our Italian platform,” said Carlos Domenech, CEO of Enfinity Global. “The future of competitive low carbon energy solutions relies on innovation of technologies and financings supported by market leaders,”  he added.

We are proud to support Enfinity Global in its growth ,”  said Pierre-Antoine Machelon, head of Infrastructure Funds at Eiffel Investment Group .  “Building a long-term relationship while structuring a tailor-made  financing is at the heart of Eiffel DNA. This transaction highlights our commitment to providing  financial solutions to accelerate the decarbonization in Europe .

Enfinity Global’s has currently secured  €865 million for Europe through multiple junior and senior debt agreements. The Company ranks among Italy’s top 10 independent power producers (IPP) by installed capacity, with 232 MW operational, 538  MW under construction, and 805 MW of approved solar capacity. Enfinity also leads Italy’s solar PPA market, having signed one-third of all the new capacity contracted in 2024[1].

“Enfinity Global continues to expand its renewable energy footprint, leveraging our expertise to accelerate the clean energy transition while delivering reliable and cost-effective solutions for the European market,” commented Julio Fournier Fisas, General Manager of Enfinity Global for Europe. “We appreciate partners like Eiffel Investment Group who share our vision for the future of energy.”

“We are very happy to accompany top performing companies like Enfinity ,” commented Jean-Charles Arrago, head of Eiffel Infrastructure debt strategy. With this facility, we are able to accelerate the rollout of a 24/7 renewable electricity production capacity in Italy.”

[1] Elemens Dev & Deals 2024 Report and Elemens Lookout Q1 2025.

 

Delta Electronics Spotlights Cutting-Edge Digital Twin Solution at SEMICON Southeast Asia 2025 to Accelerate Smart Manufacturing

SINGAPORE, May 20, 2025 /PRNewswire/ — Delta Electronics, a global leader in power management and smart green solutions, is showcasing its Digital Twin Solution at SEMICON Southeast Asia 2025, highlighting its capabilities in next-generation digitized smart manufacturing for a broad range of semiconductor production applications.

Delta Electronics, alongside other industry leaders, showcases innovations for smarter, more sustainable semiconductor production at SEMICON SEA 2025.
Delta Electronics, alongside other industry leaders, showcases innovations for smarter, more sustainable semiconductor production at SEMICON SEA 2025.

Delta’s Digital Twin Solution features DIATwin, a virtual machine development platform that helps manufacturers enhance production efficiency, precision, and cost structure through virtual simulation, verification, and commissioning of machines before physical deployment.

“The next era of smart manufacturing is defined by intelligence, connectivity, and sustainability,” said Mr. Jimmy Wan, Country Manager, Delta Electronics Singapore and Malaysia. He added, “As industries accelerate toward digitalization and electrification, manufacturers must rethink how they design, produce, and optimize at scale. By integrating Delta’s advanced industrial automation and energy-saving solutions, as well as our data-driven insights, our customers can enhance agility, resilience, and competitiveness for sustained growth in a rapidly evolving industrial landscape.”

Under the theme “Optimizing Precision with Digital Twin and Smart Manufacturing Solutions,” Delta is also demonstrating advanced industrial automation, data centre, and energy infrastructure technologies that enhance manufacturing accuracy, process optimization, and operational reliability.

Enabling Smarter Semiconductor Manufacturing with Digital Twin
In semiconductor manufacturing, precision and efficiency are critical, yet traditional machine setup often involves costly trial-and-error adjustments. Delta’s Digital Twin Solution addresses this by creating a Virtual Machine Development Platform DIATwin that enables manufacturers to virtually simulate, verify, and commission machine before physical deployment. For instance, production teams can digitally model and optimize wafer handling parameters in a high-fidelity simulation, reducing downtime and enhancing accuracy before applying changes to equipment. This cyber-physical integration enhances development efficiency, predictive optimization, and parameter fine-tuning, as well as accelerates new product introduction, ultimately ensuring greater precision, reliability, and compliance with industry standards.

Key Solutions on Display
On-site, Delta is also highlighting its U.S.-based subsidiary Universal Instruments’ High-Speed Wafer Feeder (HSWF), a cutting-edge solution that seamlessly integrates with the FuzionSC™ Platform to deliver a comprehensive multi-die advanced packaging solution. The platform supports the broadest range of feeding devices and can place high-accuracy active and passive components on various substrates. Paired with the HSWF, this system enables manufacturers to handle multiple unique wafer types simultaneously, streamlining high-density semiconductor assembly. The equipment also features a wafer expander and an automatic wafer loading/unloading, making it highly adaptable for advanced packaging multi-chip applications. By integrating Universal Instruments’ advanced packaging technology with Delta’s expertise in automation and digitalization, semiconductor manufacturers can achieve greater production efficiency (approximately 20-25%), enhanced thermal management, and improved yield rates—accelerating time-to-market for next-generation semiconductor devices.

Delta’s advanced automation solutions also include AI-driven quality control and high-precision die pick-and-place technology for semiconductor assembly. The booth showcases Delta’s complete facility management and control system powered by the VTScada platform—offering real-time data monitoring, seamless equipment integration, and an intuitive, highly customizable interface for comprehensive industrial monitoring. The ESS solution integrates LFP battery system, power conditioning systems, and the DeltaGrid® energy management system. It enables centralized control, optimized energy usage, and enhanced operational resilience through functions such as peak shaving, load shifting, and backup power support.

Delta remains committed to advancing smart and sustainable semiconductor manufacturing to help manufacturers optimize production while reducing environmental impact. Aligned with the event’s focus on sustainable progress, Delta will continue to drive global ESG initiatives, including its goal of achieving net-zero emissions by 2050, its commitment to circular economy principles, and the development of energy-efficient solutions across smart cities, renewable energy, and green buildings.

SEMICON Southeast Asia 2025 is taking place at the Sands Expo and Convention Centre, Singapore until May 22, 2025. Visit Delta’s booth at B2009, EXPO Hall E (B2) to experience its innovative solutions that is shaping the future of the industry. For more information, please visit: https://www.delta-singapore.com/en-SG/landingpage/semicon-sea-2025.

ABOUT DELTA ELECTRONICS INT’L (Singapore)
The company is a wholly owned subsidiary of Delta Electronics, Inc.

ABOUT DELTA
Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 7 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com  

DouYu International Holdings Limited Reports First Quarter 2025 Unaudited Financial Results

WUHAN, China, May 20, 2025 /PRNewswire/ — DouYu International Holdings Limited (“DouYu” or the “Company”) (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced its unaudited financial results for the first quarter ended March 31, 2025.

First Quarter 2025 Financial Highlights

  • Total net revenues in the first quarter of 2025 were RMB947.1 million (US$130.5 million), compared with RMB1,039.7 million in the same period of 2024.
  • Gross profit in the first quarter of 2025 was RMB113.5 million (US$15.6 million), increased by 4.1% from RMB109.0 million in the same period of 2024.
  • Loss from operations in the first quarter of 2025 was RMB26.1 million (US$3.6 million), reduced by 84.3% from RMB166.9 million in the same period of 2024.
  • Net loss in the first quarter of 2025 was RMB79.6 million (US$11.0 million), reduced by 9.5% from RMB88.0 million in the same period of 2024.
  • Adjusted net loss (non-GAAP)[1] in the first quarter of 2025 was RMB20.9 million (US$2.9 million), reduced by 75.6% from RMB85.7 million in the same period of 2024.

Ms. Simin Ren, Co-Chief Executive Officer of DouYu, commented, “In the first quarter of 2025, we focused on advancing our strategic revenue diversification and cost-efficiency initiatives. The effective execution of these strategies improved our gross margin and significantly narrowed our loss from operations year-over year. We ramped up our commercialization collaborations with game developers and refined the operation and promotion of our voice-based business, driving continued growth momentum in our innovative business. We also initiated staged optimization of our traditional business’s cost structure, dynamically adjusting our streamers’ resources to better align content supply with the platform’s evolving needs. While these adjustments may lead to fluctuations in our platform traffic and revenues period-to-period, we believe they are necessary steps to improving operational efficiency and supporting the Company’s healthy, sustainable long-term development and growth.”

Mr. Hao Cao, Vice President of DouYu, commented, “In the first quarter, our game-specific membership service and voice-based social networking business delivered a strong performance, driving revenues from our innovative business, advertising and others up 60.2% year-over-year to RMB382.6 million. The momentum also boosted the contribution from these businesses to 40.4% of total revenues, up from 23.0% in the same period last year. Our cost structure and operational efficiency initiatives also began yielding measurable results, with gross margin reaching 12.0% in the first quarter, up 5.9 and 1.5 percentage points sequentially and year-over-year, respectively. Moreover, we reduced our net loss and adjusted net loss to RMB79.6 million and RMB20.9 million, respectively. Moving forward, by continuing to execute our strategy of “cost reduction, efficiency improvement and loss narrowing,” we will enhance the Company’s financial resilience, advance balanced business growth and create long-term value for our shareholders.”

First Quarter 2025 Operational Highlights

  • In the first quarter, average mobile MAUs[2] were 41.4 million, down 8.7% year-over-year, which aligns with our content cost optimization strategy. This decline was largely due to fewer official tournament broadcasts and a reduction in related derivative content offerings on the platform.
  • In the first quarter, the number of quarterly average paying users[3] for livestreaming-related business was 2.9 million, with a quarterly ARPPU of RMB216. The decline in paying users mainly stemmed from adjustments in our operational strategies, the scaling back of our platform’s low-ROI operational activities, and sustained weakness in consumer spending amid a soft macroeconomic landscape.
  • In the first quarter, revenues from our voice-based social networking business reached RMB290.1 million. During the Chinese New Year holiday, we launched a series of targeted marketing campaigns, supported by highly efficient traffic distribution strategies that effectively boosted user engagement and payment conversion rates. Our average MAUs for voice-based social networking business for the first quarter were 498,400, with monthly average paying users[4] of 82,900.

First Quarter 2025 Financial Results

Total net revenues in the first quarter of 2025 decreased by 8.9% to RMB947.1 million (US$130.5 million), compared with RMB1,039.7 million in the same period of 2024.

Livestreaming revenues in the first quarter of 2025 decreased by 29.5% to RMB564.5 million (US$77.8 million) from RMB800.9 million in the same period of 2024. The decrease was primarily due to decreases in both the number of total paying users and average revenue per paying user, as a result of fewer low-ROI operating activities held in the quarter and continued macroeconomic softness.

Innovative business, advertising and other revenues (formerly known as advertising and other revenues) in the first quarter of 2025 increased by 60.2% to RMB382.6 million (US$52.7 million) from RMB238.8 million in the same period of 2024. The increase was primarily driven by higher revenues from our voice-based social networking service and game membership service.

Cost of revenues in the first quarter of 2025 decreased by 10.4% to RMB833.5 million (US$114.9 million) from RMB930.7 million in the same period of 2024.

Revenue-sharing fees and content costs in the first quarter of 2025 decreased by 11.1% to RMB705.6 million (US$97.2 million) from RMB793.9 million in the same period of 2024. For comparison purposes, we reclassified certain costs related to our innovative business from other costs to revenue-sharing fees for the first quarter of 2024. The decrease was primarily driven by a significant reduction in content costs as part of our cost structure optimization efforts, as well as a decrease in revenue-sharing fees due to lower livestreaming revenues. The decrease was partially offset by increased revenue-sharing fees related to revenue growth in our voice-based social networking service.

Bandwidth costs in the first quarter of 2025 decreased by 31.6% to RMB56.4 million (US$7.8 million) from RMB82.5 million in the same period of 2024. The decline was primarily due to our bandwidth allocation advancement and a year-over-year decrease in peak bandwidth usage.

Gross profit in the first quarter of 2025 increased by 4.1% to RMB113.5 million (US$15.6 million) from RMB109.0 million in the same period of 2024. The increase in gross profit was primarily driven by decreases in our content costs and bandwidth costs. Gross margin in the first quarter of 2025 was 12.0%, compared with 10.5% in the same period of 2024.

Sales and marketing expenses in the first quarter of 2025 decreased by 3.5% to RMB72.9 million (US$10.1 million) from RMB75.6 million in the same period of 2024. The decrease was mainly attributable to a decrease in staff-related expenses.

Research and development expenses in the first quarter of 2025 decreased by 39.5% to RMB32.7 million (US$4.5 million) from RMB54.2 million in the same period of 2024. The decrease was mainly attributable to a decrease in staff-related expenses.

General and administrative expenses in the first quarter of 2025 decreased by 16.4% to RMB35.8 million (US$4.9 million) from RMB42.8 million in the same period of 2024. The decrease was mainly attributable to a decrease in professional fees.

Loss from operations in the first quarter of 2025 reduced by 84.3% to RMB26.1 million (US$3.6 million) from RMB166.9 million in the same period of 2024.

Net loss in the first quarter of 2025 decreased by 9.5% to RMB79.6 million (US$11.0 million) from RMB88.0 million in the same period of 2024.

Adjusted net loss (non-GAAP), which excludes net loss excluding share of loss (income) in equity method investments and impairment losses and fair value adjustments on investments, decreased by 75.6% to RMB20.9 million (US$2.9 million) in the first quarter of 2025 from RMB85.7 million in the same period of 2024.

Basic and diluted net loss per ADS5 in the first quarter of 2025 were both RMB2.64 (US$0.4). Adjusted basic and diluted net loss per ADS (non-GAAP) in the first quarter of 2025 were both RMB0.7 (US$0.1).

Cash and cash equivalents, restricted cash and bank deposits

As of March 31, 2025, the Company had cash and cash equivalents, restricted cash, restricted cash in other non-current assets, and short-term and long-term bank deposits of RMB2,308.8 million (US$318.2 million), compared with RMB4,467.8 million as of December 31, 2024. The decrease was primarily due to a special cash dividend distribution of US$300 million in February 2025.

[1] “Adjusted net loss (non-GAAP)” is defined as net loss excluding share of loss (income) in equity method investments, impairment losses and fair value adjustments on investments, and impairment losses of goodwill and intangible assets. For more information, please refer to “Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.

[2] “MAUs” refers to the number of active mobile users (exclusive of innovative business unless the context otherwise indicates) in a given period. Average mobile MAUs for a given period is calculated by dividing (i) the sum of active mobile users for each month of such period, by (ii) the number of months in such period.

[3] “Quarterly average paying users” refers to the average paying users for each quarter during a given period of time calculated by dividing (i) the sum of paying users for each quarter of such period, by (ii) the number of quarters in such period. “Paying user” refers to a registered user that has purchased virtual gifts on our platform at least once during the relevant period.

[4] “Monthly average paying users” refers to the monthly average number of paying users during a given period of time calculated by dividing (i) the sum of paying users in each month of such period, by (ii) the number of months in such period. “Paying user” refers to a registered user that has purchased virtual gifts on our platform at least once during the relevant period.

[5] Every one ADS represents one ordinary share for the relevant period and calendar year.

About DouYu International Holdings Limited

Headquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. DouYu operates its platform on both PC and mobile apps to bring users access to immersive and interactive games and entertainment livestreaming, a wide array of video and graphic content, as well as opportunities to participate in community events and discussions. By nurturing a sustainable technology-based talent development system and relentlessly producing high-quality content, DouYu consistently delivers premium content through the integration of livestreaming, video, graphics, and virtual communities with a primary focus on games. This enables DouYu to continuously enhance its user experience and pursue long-term healthy development. For more information, please see http://ir.douyu.com.

Use of Non-GAAP Financial Measures

Adjusted loss from operations is calculated as loss from operations adjusted for Impairment of goodwill and intangible assets. Adjusted net loss is calculated as net loss adjusted for share of loss (income) in equity method investments, impairment losses and fair value adjustments on investments and impairment losses of goodwill and intangible assets. Adjusted net loss attributable to DouYu is calculated as net loss attributable to DouYu adjusted for share of loss (income) in equity method investments, impairment losses and fair value adjustments on investments, and impairment loss of goodwill and intangible assets. Adjusted basic and diluted net loss per ordinary share is non-GAAP net income attributable to ordinary shareholders divided by the weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net loss per ordinary share. The Company adjusted the impact of (i) share of loss (income) in equity method investments, (ii) impairment losses and fair value adjustments on investments, and (iii) impairment losses of goodwill and intangible assets to understand and evaluate the Company’s core operating performance. The non-GAAP financial measures are presented to enhance investors’ overall understanding of the Company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP financial measures. As non-GAAP financial measures have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measures as a substitute for, or superior to, such metrics in accordance with U.S. GAAP.

For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and Non-GAAP Results” near the end of this release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB amounts could have been, or could be, converted, realized, or settled in U.S. dollars, at that rate on March 31, 2025, or at any other rate.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s results of operations and financial condition; the Company’s business strategies and plans; general market conditions, in particular, the game live streaming market; the ability of the Company to retain and grow active and paying users; changes in general economic and business conditions in China; any adverse changes in laws, regulations, rules, policies or guidelines applicable to the Company; and assumptions underlying or related to any of the foregoing. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:

Chenyang Yan

DouYu International Holdings Limited

Email: ir@douyu.tv 

Tel: +86 (10) 6508-0677

Andrea Guo

Piacente Financial Communications

Email: douyu@tpg-ir.com 

Tel: +86 (10) 6508-0677

In the United States:

Brandi Piacente

Piacente Financial Communications

Email: douyu@tpg-ir.com 

Tel: +1-212-481-2050

 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

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

As of December 31

As of March 31

2024

2025

2025

ASSETS

RMB

RMB

US$(1)

Current assets:

Cash and cash equivalents

1,017,148

1,852,492

255,280

Restricted cash

83

74

10

Short-term bank deposits

3,070,374

80,000

11,024

Accounts receivable, net

49,057

53,170

7,327

Prepayments

26,885

24,309

3,350

Amounts due from related parties

74,175

57,616

7,940

Other current assets, net

231,354

235,406

32,440

Total current assets

4,469,076

2,303,067

317,371

Property and equipment, net

7,093

6,550

903

Intangible assets, net

60,917

52,539

7,240

Long-term bank deposits

360,000

340,000

46,853

Investments

456,815

397,744

54,811

Right-of-use assets, net

15,816

12,530

1,727

Other non-current assets

76,616

89,652

12,354

Total non-current assets

977,257

899,015

123,888

TOTAL ASSETS

5,446,333

3,202,082

441,259

LIABILITIES AND SHAREHOLDERS’ EQUITY

LIABILITIES

Current liabilities:

Accounts payable

498,667

490,049

67,531

Advances from customers

4,444

2,575

355

Deferred revenue

252,346

249,336

34,359

Accrued expenses and other current liabilities

242,517

197,359

27,197

Amounts due to related parties

222,589

278,607

38,393

Lease liabilities due within one year

11,458

10,163

1,400

Total current liabilities

1,232,021

1,228,089

169,235

Lease liabilities

4,223

2,342

323

Total non-current liabilities

4,223

2,342

323

TOTAL LIABILITIES

1,236,244

1,230,431

169,558

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted,

all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025, in the

H.10 statistical release of the Federal Reserve Board.

 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

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

As of December 31

As of March 31

2024

2025

2025

RMB

RMB

US$(1)

SHAREHOLDERS’ EQUITY

Ordinary shares

20

20

3

Additional paid-in capital

7,514,498

5,363,717

739,140

Accumulated deficit

(3,791,817)

(3,871,429)

(533,497)

Accumulated other comprehensive income

487,388

479,343

66,055

Total DouYu Shareholders’ Equity

4,210,089

1,971,651

271,701

Total Shareholders’ Equity

4,210,089

1,971,651

271,701

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

5,446,333

3,202,082

441,259

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted,

all translations from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025, in the

H.10 statistical release of the Federal Reserve Board.

 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

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

Three Months Ended

March 31,

December 31,

March 31,

March 31,

2024

2024

2025

2025

RMB

RMB

RMB

US$(1)

Net revenues

1,039,684

1,136,000

947,051

130,507

Cost of revenues

(930,678)

(1,066,209)

(833,543)

(114,865)

Gross profit

109,006

69,791

113,508

15,642

Operating expense

Sales and marketing expenses

(75,570)

(79,348)

(72,929)

(10,050)

General and administrative expenses

(42,797)

(71,674)

(35,787)

(4,932)

Research and development expenses

(54,150)

(34,150)

(32,749)

(4,513)

Other operating (loss) income, net

(103,428)

(77,520)

1,815

250

Total operating expenses

(275,945)

(262,692)

(139,650)

(19,245)

Loss from operations

(166,939)

(192,901)

(26,142)

(3,603)

Other expenses, net

(21,401)

(58,554)

(8,069)

Interest income

81,094

45,147

10,141

1,397

Foreign exchange income

153

546

258

36

Loss before income taxes and share of (loss) income 

    in equity method investments

(85,692)

(168,609)

(74,297)

(10,239)

Income tax expenses

(6,464)

(5,134)

(707)

Share of (loss) income in equity method investments

(2,261)

1,981

(181)

(25)

Net loss

(87,953)

(173,092)

(79,612)

(10,971)

Net loss attributable to ordinary shareholders of the

    Company

(87,953)

(173,092)

(79,612)

(10,971)

Net loss per ordinary share

Basic

(2.77)

(5.74)

(2.64)

(0.36)

Diluted

(2.77)

(5.74)

(2.64)

(0.36)

Net loss per ADS(2)

Basic

(2.77)

(5.74)

(2.64)

(0.36)

Diluted

(2.77)

(5.74)

(2.64)

(0.36)

Weighted average number of ordinary shares used in calculating net loss per ordinary share

Basic

31,807,180

30,178,859

30,178,859

30,178,859

Diluted

31,807,180

30,178,859

30,178,859

30,178,859

Weighted average number of ADS used in calculating net loss per ADS(2)

Basic

31,807,180

30,178,859

30,178,859

30,178,859

Diluted

31,807,180

30,178,859

30,178,859

30,178,859

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations

from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025, in the H.10 statistical release of

the Federal Reserve Board.

(2) Every one ADS represents one ordinary share.

 

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

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

Three Months Ended

March 31,

December 31,

March 31,

March 31,

2024

2024

2025

2025

RMB

RMB

RMB

US$(1)

Loss from operations

(166,939)

(192,901)

(26,142)

(3,603)

Add:

Impairment losses of goodwill and intangible assets

75,473

Adjusted Operating Loss (non-GAAP)

(166,939)

(117,428)

(26,142)

(3,603)

Net loss

(87,953)

(173,092)

(79,612)

(10,971)

Add/(Reversal of):

Share of loss (income) in equity method investments

2,261

(1,981)

181

25

Impairment losses and fair value adjustments on

    investments(2)

21,401

58,554

8,069

Impairment losses of goodwill and intangible assets

75,473

Adjusted net loss (non-GAAP)

(85,692)

(78,199)

(20,877)

(2,877)

Net loss attributable to DouYu

(87,953)

(173,092)

(79,612)

(10,971)

Add:

Share of loss (income) in equity method investments

2,261

(1,981)

181

25

Impairment losses and fair value adjustments on

    investments

21,401

58,554

8,069

Impairment losses of goodwill and intangible assets

75,473

Adjusted net loss attributable to DouYu

(85,692)

(78,199)

(20,877)

(2,877)

Adjusted net loss per ordinary share (non-GAAP)

Basic

(2.69)

(2.59)

(0.69)

(0.10)

Diluted

(2.69)

(2.59)

(0.69)

(0.10)

Adjusted net loss per ADS(3) (non-GAAP)

Basic

(2.69)

(2.59)

(0.69)

(0.10)

Diluted

(2.69)

(2.59)

(0.69)

(0.10)

Weighted average number of ordinary shares used in calculating adjusted net loss per ordinary share

Basic

31,807,180

30,178,859

30,178,859

30,178,859

Diluted

31,807,180

30,178,859

30,178,859

30,178,859

Weighted average number of ordinary shares used in calculating adjusted net loss per ADS(3)

Basic

31,807,180

30,178,859

30,178,859

30,178,859

Diluted

31,807,180

30,178,859

30,178,859

30,178,859

(1) Translations of certain RMB amounts into U.S. dollars at a specified rate are solely for the convenience of the reader. Unless otherwise noted, all translations

from RMB to U.S. dollars are made at a rate of RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025, in the H.10 statistical release of

the Federal Reserve Board.

(2) Impairment losses and fair value adjustments on investments were included in the line item “Other expenses, net” of condensed consolidated statements of

income (loss).

(3) Every one ADS represents one ordinary share.