31 C
Vientiane
Monday, July 7, 2025
spot_img
Home Blog Page 238

OSL Wealth Announces Strategic Partnership with Nine Blocks to Distribute Institutional-Grade Crypto Market Neutral Arbitrage Strategies

HONG KONG, May 9, 2025 /PRNewswire/ — OSL Wealth, a wealth management platform tailored for traditional investors managing crypto assets of OSL Group (HKEX: 863), today announced a distribution partnership with Nine Blocks Capital Management, a pioneer in regulated and institutional crypto hedge fund management and the first and only crypto hedge fund regulated by Dubai’s Virtual Assets Regulatory Authority (VARA).

Through this collaboration, OSL Wealth will offer qualified investors  access to Nineblocks’ flagship USD Market Neutral Fund and BTC Market Neutral Fund, marking a significant milestone in the institutional adoption of digital asset investment strategies.

The partnership addresses growing demand from institutional investors seeking crypto exposure via regulated fund managers. This will enable OSL clients to generate returns on the USD/stable coin assets as well as generate yield on their Bitcoin holdings.

Nine Blocks’ market-neutral approach combines sophisticated quantitative strategies with rigorous risk management frameworks to deliver consistent returns across market cycles. The USD Market Neutral Fund enables investors to generate returns on their USD and stable coin assets. The BTC Market Neutral Fund enables long term BTC holders to generate yield on their Bitcoin assets without losing Bitcoin exposure.

Eugene Cheung, Chief Commercial Officer of OSL, emphasised the strategic importance of this partnership, “As digital assets mature into an institutional asset class, investors increasingly require sophisticated strategies that align with traditional portfolio construction principles. Nineblocks’ VARA-regulated market-neutral solutions represent exactly what discerning allocators demand – the innovation potential of crypto assets combined with institutional-grade risk management and compliance standards. This partnership enables us to provide clients with tools to navigate digital markets while maintaining their existing risk parameters.”

Henri Arslanian, Co-Founder of Nine Blocks Capital Management, commented, “We believe that many HNWIs and family office investors want to access crypto products through platforms that are regulated and institutional-grade. We are pleased to partner with OSL to deliver such products to the Hong Kong and Asian markets.”

About OSL Hong Kong

As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors.

OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors.

As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept:  Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond.

For more information, visit osl.com.

About Nine Blocks Capital Management

Launched in 2021, Nine Blocks is an institutional-grade, market-neutral crypto hedge fund manager.

With both USD and BTC funds, market-leading returns, and over four years of track record, Nine Blocks’ mission is to build the world’s leading regulated crypto asset management firm.

With a presence in both Hong Kong and Dubai, Nine Blocks is the first and only crypto hedge fund to be regulated by Dubai’s Virtual Assets Regulatory Authority (VARA).

www.nineblockscapital.com

Restoring a city’s charm

BEIJING, May 9, 2025 /PRNewswire/ — A news report from China Daily:

As night falls, an outdoor movie is playing in a public area in front of the Fisher Coffee shop on Shiquan Street in Suzhou, Jiangsu province, captivating residents. Nearby, lights flicker on the river as tourists on boats lift their phones to capture the enchanting scene.

The bustling street and tranquil river, along with the harmonious coexistence of tourists and residents, bring immense joy to He Qing, founder of the coffee shop and who has lived on this street for more than a decade.

“This street is steeped in culture, yet brims with the vibrancy of everyday life. Following last year’s revitalization, our needs for living, entertainment and work can all be met without leaving the area,” says He.

Situated at the heart of Suzhou’s ancient city area, Shiquan Street has been a bustling hub for centuries. Stretching 2 kilometers, it still retains the traditional layout of streets in Suzhou, where waterways run parallel to roads and streets neighbor rivers.

Classical Suzhou gardens, century-old schools and traditional residences lie along its length.

Following the nationwide trend of old street renovations, Shiquan Street completed its transformation at the end of June last year, emerging as a trendy destination that draws numerous visitors for photo ops. The quality of life for the 20,000 households residing here has also improved, according to surveys by local communities.

Thus, the street has been labeled a fashionable district that embodies the lifestyle and architectural charm of Suzhou. In March, it was recognized by the Ministry of Housing and Urban-Rural Development as a model case for neighborhood revitalization.

“I think the success of this street’s renovation lies in the fact that everyone’s opinions were respected. Every business owner and resident was able to participate in the renovation and management of the neighborhood,” says He.

Her coffee shop was originally a traditional residence. The open space in front of it was vacant and not very clean before the renovation. During last year’s renovation, she proposed the idea of taking over this public area and turning it into an outdoor cultural living room for the community, which received strong support from the neighborhood.

Now, the public area frequently hosts activities organized spontaneously by residents and business owners, such as performances by bands made up of chefs and bartenders, resident choir performances, and community book reading events. It often attracts large numbers of tourists who stop by to participate and take photos.

Although it was already 8:30 in the evening, a few high school students were dotted around the cafe doing their homework. Residents were sipping coffee and chatting, while tourists sat on the riverside seats enjoying the night view. Occasionally, tour boats passed by, with tourists waving to the people on banks.

“Residents here live with a sense of refinement, and they approach tasks with great meticulousness,” says Deng Dong, chief planner and designer of the Shiquan Street renovation, who is also vice-president of the China Academy of Urban Planning and Design.

Since the beginning of this century, Deng has been involved in renovation projects in Suzhou.

He describes the renovation of Shiquan Street as a successful example of people-oriented development, where residents, shop owners, and the community collaborated in construction and governance. During last year’s renovation, Deng’s team spent a significant amount of time engaging in detailed communication with residents and businesses.

They gathered every individual’s concerns, such as uneven roads and the lack of parking spaces for motorcycles, as well as the community’s shared expectations for their neighborhood. This process also sparked enthusiasm for participation, leading residents to offer suggestions and voluntarily join renovation efforts.

“The government invested approximately 47 million yuan ($6.43 million) in the project, while businesses and institutions on the street voluntarily contributed more than 100 million yuan. Their active participation in the neighborhood’s renovation represents a sustainable model for community development,” says Deng.

Walking along Shiquan Street, which is lined with bakeries, cafes, trendy clothing stores and time-honored restaurants, every shop owner Deng encounters greets him warmly and invites him in, just like an old friend.

Across the river, on the other side, is a residential area.

“The people here are particularly meticulous in their work. Once my design proposal was approved, they took the initiative to implement it with a strong sense of ownership,” he says, adding that Suzhou has been home to scholars and literati since ancient times. This scholarly spirit is also ingrained in the DNA of the city’s residents.

In the last century, Shiquan Street was known for its international hotels, and later for its bars and jade shops. In recent years, the government has hoped to inject new vitality into the area to attract more young people.

The renovation of Shiquan Street has met the needs of all parties. Tourists can visit to take photos and experience Suzhou’s leisurely and refined lifestyle and traditional culture, while residents can enjoy a comfortable living environment.

According to statistics compiled by Deng’s team, the area attracts an average of 20,000 visitors per day.

Ji Zhaoliang, who works at the subdistrict office responsible for the Shiquan Street area, says after the renovation, residents have been enthusiastically and actively organizing activities. During the cultural and arts season, they invite street performers, community bands, and Kunqu Opera enthusiasts to perform in public spaces in the neighborhood.

First Lao Student in Morocco Wins Top University Award

First Lao Student in Morocco Wins Top University Award
The 24-year-old Khampagna “Eno” Khounsy, a student from Laos studying in Morocco, has received the "Prix d’Excellence" (Award of Excellence) from Université Mohammed V de Rabat (photo supplied)

Khanpangna “Eno” Khounsy, a 24-year-old student from Laos, has made history by becoming the first Lao national to receive the prestigious Prix d’Excellence from Université Mohammed V de Rabat, one of Morocco’s most respected public universities.

Former of the Lao Post Office Employees Prosecuted in Major Fraud Case

The Entreprise des Postes Lao (Photo: Brother Tours)

Authorities in Laos have prosecuted several former employees of the Lao Post Office in a major corruption case, successfully recovering over LAK 58 billion, approximately USD 2.7 million.

Shoplazza and Easyship Partner to Simplify Shipping for Global eCommerce Merchants

TORONTO, May 9, 2025 /PRNewswire/ — Shoplazza, a leading eCommerce SaaS platform, has announced a strategic partnership with Easyship, a global shipping technology company, to enhance logistics and strengthen fulfillment capabilities for merchants worldwide.

This integration brings Easyship’s powerful automation, 550+ courier connections, and discounted shipping rates of up to 91% directly into the Shoplazza platform, giving merchants a faster, more affordable way to fulfill orders and scale globally. By embedding Easyship’s tools natively, Shoplazza merchants will soon be able to generate real-time, all-inclusive shipping quotes at checkout—including duties, taxes, and all delivery costs—streamlining cross-border commerce and helping reduce cart abandonment.

Shoplazza and Easyship Partner to Simplify Shipping for Global eCommerce Merchants
Shoplazza and Easyship Partner to Simplify Shipping for Global eCommerce Merchants

Empowering Merchants With a Seamless Fulfillment Engine

“Shipping is one of the biggest hurdles for eCommerce sellers,” said Jeff Li, Shoplazza CEO. “This partnership brings a powerful, scalable logistics engine directly into our platform, allowing merchants to streamline fulfillment and focus on growing their business. We’re pleased that Shoplazza shipping is now powered by Easyship.”

Whether shipping a handful of packages or managing high-volume international operations, merchants will benefit from discounted label rates from top carriers, including UPS, FedEx, DHL Express, and USPS. Built-in courier optimization will help merchants select the best shipping option based on destination, delivery time, and cost.

To further support operational efficiency, advanced reporting and analytics tools will allow merchants to track shipping performance, identify trends, and continuously optimize their logistics strategies.

Delivering Scalable Shipping Solutions to Growing Brands

Founded in 2014 and headquartered in New York, Easyship has become one of the world’s most trusted shipping software providers, offering advanced global logistics technology to more than 100,000 brands and merchants worldwide.

Its platform, available as an App or via API, streamlines every stage of the shipping journey—from printing labels and syncing orders to managing returns, comparing courier rates, and automating fulfillment workflows—all within a single dashboard.

With the new integration, these capabilities will be natively embedded within the Shoplazza ecosystem. Merchants will be able to tap into hybrid fulfillment services and a global delivery network tailored to virtually every destination. All-inclusive, real-time shipping quotes—covering duties, taxes, and delivery costs—will also be available at checkout, helping reduce cart abandonment and improve customer satisfaction.

Advancing a Unified Cross-Border Ecosystem

This collaboration reflects Shoplazza’s broader commitment to building an open, flexible eCommerce ecosystem. By integrating robust shipping technology directly into its platform, Shoplazza is helping merchants streamline operations and deliver seamless, reliable experiences to their customers.

“Together with Shoplazza, we’re making shipping easier, smarter, and more affordable for merchants everywhere,” said Tommaso Tamburnotti, Co-Founder of Easyship. “We’re proud to support brands as they scale and expand into new opportunities. Offering them all the shipping tools they need to succeed.”

The integration is currently underway and will soon be available to Shoplazza merchants. Once launched, it will deliver a fully integrated, end-to-end shipping solution designed to support long-term growth.

About Shoplazza

Founded in 2017, Shoplazza strives to simplify how retailers and online sellers connect with consumers. Today, Shoplazza leads the industry with its robust omnichannel platform, empowering retailers to reach customers wherever they shop—whether in-store, online, or through social commerce.

To learn more about Shoplazza, visit https://www.shoplazza.com/.

About Easyship

Easyship is a leading all-in-one shipping platform that empowers businesses of all sizes to simplify their fulfillment operations, save on shipping costs, and enhance their customer delivery experience. Trusted by tens of thousands of merchants worldwide, Easyship provides instant access to more than 550 courier services, offering exclusive discounted rates of up to 91% off retail. Our integrated shipping software also offers cross-border fulfillment, logistics, and shipping automation technologies to scale growth and save hours daily. Leverage our App or API to streamline eCommerce shipping with a suite of helpful tools to compare carriers, print labels, track shipments, calculate international tax and duties, and increase conversions with calculated shipping rates at checkout.

For more information, visit: https://www.easyship.com/.

Molicel S Series Engineered for Ultimate Safety in BBUs, Data Centers, and AI computing

  • Launching in 2025, Molicel’s high-safety, ultra-power S Series is engineered to provide reliable power for Battery Backup Units, and is currently being shipped to major CSPs.
  • The S Series delivers outstanding performance across both 18650 (including the 100W/36A INR-18650-P22S and 160W/54A INR-18650-P30S) and 21700 (featuring the up to 200W/100A INR-21700-P50S) cell formats.
  • Engineered for safety and high discharge with low flammability, the S Series supports OCP ORV3 for data center BBUs, as well as the new high-voltage system, showcasing Molicel’s leading reliable battery solutions for data centers and AI computing.

TAIPEI, May 9, 2025 /PRNewswire/ — Molicel, a leading innovator in advanced battery technology, showcased its latest advancements at the International Battery Seminar & Exhibit 2025, introducing the groundbreaking S Series ultra-high power cells alongside its established P and X Series. The highlight of the event was the debut of the S Series, a 2025 ultra-high power cell line designed for unparalleled safety and performance.

The S Series ultra-high power cells are engineered with optimized long calendar life and low flammability, providing exceptional safety and discharge capabilities. Specifically designed for Battery Backup Units (BBUs), hyperscale data centers, and AI computing, these ultra-high power cells deliver dependable power with over 1.5 minutes of backup time and a 6-year retention period, ensuring the highest safety standards.

Through sophisticated engineering of its interface technology, incorporating an optimized design and exclusive SEI/CEI technologies, the S Series provides outstanding performance in both 18650 and 21700 cell format. The 18650 format includes the INR-18650-P22S, achieving a maximum power output of 100W and a maximum discharge current of 36A, and the INR-18650-P30S, reaching a maximum power output of 160W and a maximum discharge current of 54A, respectively. The 21700 format features the INR-21700-P50S, delivering high power output up to 200W and a maximum discharge current of 100A.

This advanced technology yields key advantages, including an ultra-low impedance of 13 mΩ, high reliability with 6 years of sustained performance and stable performance at elevated temperatures of 35-45°C for both standby and operation.

The NVIDIA GB300’s enhanced computing demands higher energy consumption, requiring advanced power management and safer battery for increased power loads. Consequently, to ensure AI computing stability, GB300 is expected to standardize BBUs in servers, driving increased BBU adoption as server power needs rise. The BBU for OCP (Open Compute Project) Open Rack Standards supports OCP ORV3’s 48V-54V power system for BBU, providing a stable power supply for high-performance servers. OCP has now migrated to a third-generation standard that refines high voltage standards designed for AI data centers.

In data centers, safety is paramount. To achieve this, it’s crucial to control the flammability of battery cells, ensuring overall battery pack safety. Molicel’s research and development of high-safety cells focuses on shaping thermal behavior, a key aspect of our S series future roadmap. Molicel is actively exploring thermal behavior and flame mechanisms through both active control and passive suppression. By utilizing high thermal stability separators, Molicel has successfully modified gas release behavior, making our cells the safest choice for data centers and generative AI computing, surpassing competitors in performance.

“The S Series, with an unwavering focus on safety, advances battery technology with superior performance for critical applications like BBUs and data centers. Our ultra-high power cells, available in 18650 and 21700 formats, are engineered to achieve not only high reliability and stable performance, but also the utmost safety assurance. Shipments to major CSPs underscore our leadership in both innovation and safety.” said Casey Shiue, President of Molicel.

Molicel remains steadfast in its commitment to continuous research and development. This ongoing dedication aims to further enhance battery performance, safety, and sustainability, ultimately delivering cutting-edge ultra-high power cells to meet the evolving demands of this rapidly growing application.

About MOLICEL

E-One Moli Energy Corporation, established in 1998, is a world class manufacturer of high performance, superior quality rechargeable lithium-ion cells and battery pack products. The company provides power optimized cylindrical cells by the brand MOLICEL.

With over 40 years’ rechargeable lithium-ion knowhow and innovative technology research and development, MOLICEL is famous for its excellent power density product which both presents high discharge and fast charge capability, balanced with good energy density. The company has been recognized as the first choice for world leading manufacturers in applications such as sports car/motorcycle, EVTOL, aerospace and heavy-duty tools.

MOLICEL belongs to the energy business of TCC Group Holdings. TCC Group Holdings is the first listing company in Taiwan stock market. The group has business units in the field of power plant, renewable energy and BESS.

Molicel S Series Engineered for Ultimate Safety in BBUs, Data Centers, and AI computing
Molicel S Series Engineered for Ultimate Safety in BBUs, Data Centers, and AI computing

 

Luxshare Precision Releases 2024 Annual Results: Sustained Revenue and Net Profit Growth with Active Fulfillment of Corporate Social Responsibility

HONG KONG SAR – Media OutReach Newswire – 9 May 2025 – At the end of last month, Luxshare Precision (002475.SZ) released its 2024 annual results, Q1 2025 financial report, and mid-2025 earnings forecast. The reports indicate that Luxshare Precision achieved operating income of RMB 268.795 billion in 2024, representing a 15.91% year-over-year (YoY) increase. Net profit attributable to shareholders of the listed company reached RMB 13.366 billion, up 22.03% YoY. The annual net profit margin rose to 5.42%, an improvement of 0.14 percentage points compared to the previous year. Basic earnings per share (EPS) stood at RMB 1.86, reflecting a 20.78% YoY growth.

The company’s Q1 2025 financial performance remained strong, with operating income of RMB 61.788 billion, up 17.90% YoY. Net profit attributable to shareholders of the listed company totaled RMB 3.044 billion, a 23.17% YoY increase, while basic EPS rose to RMB 0.42, up reflecting a 20.00% YoY growth.

Core business Grew steadily and Diversified Business Presence Showed Remarkable Results

In 2024, Luxshare Precision’s consumer electronics business demonstrated robust performance, generating operating income of RMB 224.094 billion, a 13.65% YoY increase. As the company’s core business segment, the consumer electronics division has established a complete industrial chain spanning precision components to smart terminal systems.

The company employs a dual-driven development model. For the OEM business, it continuously deepens vertical integration to build a full industrial chain ecosystem covering components, modules and system assembly. By leveraging cutting-edge material innovations and process optimization, the company delivers high-quality products to clients. For the ODM business, it actively expands its ODM capabilities, utilizing cross-disciplinary expertise in acoustics, optics, RF, and thermal management accumulated through collaborations with global industry leaders. The company provides end-to-end design-to-manufacturing services for top-tier consumer electronics brands and innovative enterprises.

Luxshare Precision’s ODM product portfolio now encompasses smart AR/VR devices, intelligent acoustic products, smart office and home equipments, and outdoor smart hardware, with market share steadily expanding. Innovation remains the primary driver of growth, with cumulative R&D investment over the past three years reaching RMB 25.192 billion. The company owns 7,164 patents as of now.

In the automotive electronics sector, the operating income surged 48.69% YoY to RMB 13.758 billion, reflecting strong growth momentum. Notably, in September 2024, Luxshare Precision announced the acquisition of Leoni AG, a century-old German cable and harnessing manufacturing giant. This strategic move significantly enhances the company’s competitiveness in the global automotive supply chain, enabling vertically integrated solutions for clients.

In the communications sector, the operating income grew 26.29% YoY to RMB 18.36 billion, driven by growth in component sales. The company seized opportunities from AI advancements by introducing innovative AI-driven solutions for data center core components.

Commitment to Sustainable Development and Corporate Social Responsibility

While advancing its core businesses, Luxshare Precision has deeply embedded ESG principles into its corporate strategy, establishing a comprehensive sustainable development framework. The company recently became a member of the Responsible Business Alliance (RBA), marking a critical milestone in its commitment to sustainable development, corporate social responsibility and ethical supply chain management. This achievement underscores Luxshare Precision’s dedication to employee rights protection, environmental conservation, and adherence to ethical business practices.

Future Outlook: Robust Growth Momentum With Cumulative Dividend of RMB 4.5 Billion in the Past Three Years

Supported by recovering consumer electronics demand, expanding communications solutions and rapid growth in automotive electronics, Luxshare Precision forecasts a 20% to 25% YoY increase in mid-2025 net profit.

Additionally, the company adheres to an active dividend policy, translating operational achievements into shareholder returns. Cumulative dividends over the past three years reached RMB 4.53 billion, with total payouts since its IPO amounting to RMB 7.652 billion.

Hashtag: #LuxsharePrecision

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

Hong Kong’s Largest Stitch Solo Event “STITCH ARRIVES!!!” At Harbour City Shopping Mall Opens Now!

HONG KONG, May 9, 2025 /PRNewswire/ — Hong Kong’s iconic shopping mall, Harbour City has teamed up with Disney Hong Kong to present “Stitch Arrives!!! @Harbour City”, the biggest Stitch solo event ever held in the city, running from 1 May to 15 June 2025. The event is a prelude to Disney’s highly anticipated “Lilo & Stitch” live-action movie, which premieres in Hong Kong on 29 May 2025.  Five adorable photo spots are set across the mall, along with different Hawaiian-themed DIY workshops and activities perfect for kids, which are sure to become a must-visit destination for Stitch’s fans.

A gigantic 3-meter Stitch strikes his signature cheeky pose at “Stitch’s ALOHA Beach” in Harbour City’s Ocean Terminal Forecourt to welcome every visitor to Hong Kong’s largest Stitch-themed event.
A gigantic 3-meter Stitch strikes his signature cheeky pose at “Stitch’s ALOHA Beach” in Harbour City’s Ocean Terminal Forecourt to welcome every visitor to Hong Kong’s largest Stitch-themed event.

The event transports visitors to Stitch’s favourite Hawaiian beach, featuring multiple Instagram-worthy spots. The highlights are undoubtedly the 3-meter-tall Stitch posing at “Stitch’s ALOHA Beach” along the shore of Victoria Harbour, and the 7-meter-tall WISHER Stitch towering over the Ocean Terminal observatory deck against the backdrop of Victoria Harbour!

The 7-meter-tall WISHER Stitch towers over Ocean Terminal Deck, the observatory deck of Harbour City, creating a picture-perfect spot against the backdrop of Victoria Harbour!
The 7-meter-tall WISHER Stitch towers over Ocean Terminal Deck, the observatory deck of Harbour City, creating a picture-perfect spot against the backdrop of Victoria Harbour!

Adding to the excitement, Hong Kong’s first-ever Stitch-themed pop-up store has landed at Harbour City, offering over 800 adorable “Lilo & Stitch” items, including limited-edition collectibles, lifestyle products, and exclusive merchandise to all super fans of Stitch!

@HarbourCity #HarbourCity #StitchArrives #Disney #LiloAndStitch

Event Details: https://www.harbourcity.com.hk/en/article/stitch-arrives-harbour-city/