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THE HOUSE OF HARRY WINSTON OPENS A NEW FLAGSHIP SALON IN GINZA

GINZA, Japan, Sept. 3, 2025 /PRNewswire/ — The House of Harry Winston, the legendary “King of Diamonds” and “Rare Jeweler of the World,” proudly opens its new Ginza flagship salon.

Located at 1-7-10 Ginza, Chuo-ku, Tokyo, the expansive 869-square meter space is now Harry Winston’s largest salon in Japan. Spanning three floors, the new flagship introduces a fresh design direction, reimagining the iconic Winston style through a more contemporary, architectural lens.

Japan holds a special place in the history of Harry Winston. Since opening our first salon in 1988, Japan has played an integral role in building the House’s renowned global legacy,” said Nayla Hayek, CEO of Harry Winston, Inc. “Set in Ginza – the epicenter of luxury, where forward thinking design meets enduring tradition – the opening of our new Flagship represents an exciting new chapter – one that honors the House’s longstanding relationship in Tokyo, while also offering a bold vision for the future.  With this opening, we deepen our commitment to serving our clients, both new and existing, at the highest level.”

Every detail within the interior speaks to the House’s enduring legacy. Fine-cut white polished marble outlines the perimeter of each floor, complemented by custom carpets that add warmth and texture. Walls are finished in glossy white textured wallpaper and marble, lending a luminous effect throughout. A statement chandelier and curated decorative furnishings complete the ambiance.

Each floor of the salon unveils a distinct experience, guiding guests through a space that reflects the House’s heritage and dedication to craftsmanship. The first floor is devoted to bridal, while the second-floor houses signature collections, timepieces, and the House’s most exceptional high jewelry creations. This level also features the largest VIP salon in Japan, offering an intimate environment for private client experiences. Below ground, a dedicated merchandise repair concierge further enhances the House’s aftercare services.

The exterior façade, clad in crème travertine marble, features window vitrines and three illuminated lightboxes showcasing the House’s seasonal campaigns. At the entrance, guests are welcomed through Harry Winston’s signature black and gold double gates, adorned with rosette motifs and flanked by two matching lampposts—iconic elements that pay tribute to the House’s historic Fifth Avenue Flagship in New York City. Since opening its first salon in the country in 1988, Harry Winston has expanded to eight locations in Japan.

Harry Winston Ginza Flagship Salon
Harry Winston Ginza Flagship Salon

 

Harry Winston Ginza Flagship Salon Interior
Harry Winston Ginza Flagship Salon Interior

 

Moomoo Singapore Wins Big at Asia Fintech Awards 2025; named WealthTech of the Year and Personal Finance Tech of the Year

  • Awards reflect success in democratising investing for 1.5 million local users
  • Highlights momentum from Moomoo AI launch and new partnerships with global asset managers
  • Reinforces commitment to financial literacy, accessibility, and smarter investing through AI

SINGAPORE, Sept. 3, 2025 /PRNewswire/ — Moomoo Singapore is proud to announce that it has won the WealthTech of the Year and Personal Finance Tech of the Year awards at the 2025 Asia FinTech Awards. The accolades recognise the company’s commitment to leveraging cutting-edge technology and client-focused solutions to enhance the investment experience for retail and high-net-worth investors alike.

“These awards are a strong endorsement of our mission and progress in Singapore,” Echo Zhao, Country Head, Moomoo Singapore, said “Winning both WealthTech of the Year and Personal Finance Tech of the Year reflects our dual focus – on one hand, building a robust, advanced platform for wealth creation, and on the other, ensuring that every individual investor has the tools, knowledge, and confidence to invest wisely. This recognition motivates us to keep raising the bar for our clients and the industry.”

The WealthTech of the Year award recognises Moomoo’s ability to combine advanced technology with deep financial expertise to elevate the private wealth experience. The company’s Moomoo Private Wealth (MPW) service caters specifically to high-net-worth individuals with at least S$1 million in investable assets. The platform equips clients with institutional-grade capabilities, including comprehensive stock screeners, advanced charting tools, and real-time market data.

Beyond technology, MPW integrates personalised advisory through dedicated relationship managers, ensuring clients receive nuanced insights and tailored strategies. Strategic partnerships with leading asset managers further enrich the platform, offering curated investment strategies that meet stringent due diligence and screening standards, giving clients diversified and trusted options.

The Personal Finance Tech of the Year award underscores Moomoo Singapore’s impact in democratising investing for retail users. The company recently surpassed 1.5 million local users — representing one in two Singapore residents aged 20 to 70 — achieving a 50% growth in just 15 months. Its platform provides comprehensive access to global markets through a single, user-friendly interface.

Educational initiatives such as MooLearn, offering over 2,000 investment courses, along with the Global Paper Trading Challenge, support community-driven learning and practical investment experience. This reflects Moomoo’s commitment to empowering investors at every stage of their journey.

The dual recognition comes amid significant momentum for Moomoo Singapore. Earlier this year, the company introduced Moomoo AI at MooFest 2025, a sophisticated investment assistant that delivers real-time insights by combining market data, technical indicators, and news, helping both retail and private wealth clients make informed decisions. The company also recently announced a strategic collaboration with Barings, broadening the range of quality investment products available for MPW clients. Together, these initiatives underscore Moomoo’s dedication to product innovation, client experience, and market partnerships.

“Our vision is to make investing more transparent, efficient, and empowering for everyone,” Zhao said. “These awards affirm that we are on the right track, and they inspire us to go further in driving financial literacy and creating opportunities that benefit all investors in Singapore and beyond.”

Looking ahead, Moomoo Singapore remains focused on elevating financial literacy and enriching the investment journeys of its users. The company continues to explore AI-powered tools, enhance product accessibility, and strengthen partnerships with leading asset managers, fostering smarter financial decision-making and contributing to a more informed and resilient financial community in Singapore.

About Moomoo Singapore

Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore) is an award-winning advanced financial technology company transforming the investing experience through our digitalised brokerage and wealth management platform – moomoo. Moomoo enhances the user experience with market data, news, and powerful analytical tools. Moomoo also embeds a unique digitalised investment community to connect all users, investors, companies, analysts, media and key opinion leaders.

Moomoo Singapore offers investment products for trading via the moomoo platform, and it is a capital markets services license holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000), Major Payment Institution (Licence No. PS20200617) holder with the Exempt Financial Adviser Status. In July 2025, Moomoo Singapore reached the 1.5 million users milestone in Singapore.

Moomoo Private Wealth offers bespoke investment strategies for HNW and institutional clients. Backed by its cutting-edge technology platform, Moomoo Private Wealth offers a portfolio of innovative investment products and has been recognised by Asia Banking and Finance for its product excellence.

Our achievements include the WealthTech of the Year and Personal Finance Tech of the Year at the 2025 Asia Fintech Awards and the SIAS Best Retail Broker 2024.

51Talk Online Education Group Announces Engagement of Ernst & Young LLP, as the Company’s Independent Registered Public Accounting Firm

SINGAPORE, Sept. 3, 2025 /PRNewswire/ — 51Talk Online Education Group (“51Talk” or the “Company”) (NYSE American: COE), a global online education platform with core expertise in English education, today announced that on August 29, 2025, the audit committee of its board of directors and the board of directors have approved the dismissal of Marcum Asia CPAs LLP (“Marcum”) as its independent registered public accounting firm, effective immediately, and the engagement of Ernst & Young LLP as the Company’s new independent registered public accounting firm, effective on September 3, 2025. Ernst & Young LLP will be engaged to audit the annual consolidated financial statements of the Company and its subsidiaries (the “Group”) filed with the U.S. Securities and Exchange Commission for the fiscal year ending December 31, 2025.

This transition was not the result of any disagreements or unresolved matters with Marcum, the incumbent auditor of the Company, and there are no matters with respect to this transition that need to be brought to the attention of the Company’s shareholders. The Company is grateful to Marcum for its past services to the Company.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in 51Talk’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About 51Talk Online Education Group

51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students to take live interactive English lessons on demand. The Company connects its students with highly qualified teachers using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

GEEKOM to Unveil World’s Most Powerful AI Mini PC at IFA 2025

TAIPEI, Sept. 3, 2025 /PRNewswire/ — GEEKOM, a world-renowned tech brand known as the Green Mini PC Global Leader, is set to make waves at IFA 2025 with a groundbreaking product launch and a showcase of its premium computing lineup.

With over two decades of expertise in the PC industry, GEEKOM has earned a stellar reputation among tech enthusiasts and professionals worldwide for its unwavering commitment to product excellence and consistently reliable after-sales support. 2025 marks GEEKOM‘s third consecutive year participating in IFA, one of the world’s leading trade fairs for consumer and home electronics.

GEEKOM is set to livestream the highly anticipated launch of the A9 Mega, a groundbreaking AI PC poised to redefine local AI computing. Powered by the cutting-edge AMD Ryzen™ AI Max+ PRO 395 processor with a staggering 120W TDP, the A9 Mega delivers an unprecedented 126 TOPS of AI performance, enabling ultra-fast, on-device processing that eliminates latency, enhances privacy, and reduces reliance on cloud infrastructure.

Designed for the most demanding AI workloads, edge computing, and real-time data analysis, the A9 MEGA features 128GB of LPDDR5X-8000MHz RAM and dual PCIe Gen4 SSD slots, offering blistering speed and massive bandwidth in a sleek, compact form factor. The A9 MEGA is now officially available on Kickstarter – grab yours at the lowest prices while supplies last! From generative AI applications to autonomous control systems, GEEKOM’s flagship model empowers developers, researchers, and creators with desktop-class performance and unmatched responsiveness.

The global unveiling will be streamed live on GEEKOM’s official YouTube channel, inviting tech fans around the globe to witness this milestone moment in real time.

In addition to the A9 Mega, GEEKOM will showcase its full lineup of premium mini PCs, which are known for their sleek design, energy efficiency, and enterprise-grade reliability. Visitors will also have the opportunity to explore GEEKOM’s brand-new laptop series, equipped with high-performance internals designed to meet the demands of professionals and creatives on the move.

GEEKOM‘s presence at IFA 2025 underscores its leadership in compact computing and its vision for a future where AI is accessible, powerful, and locally optimized. With innovation at its core, GEEKOM continues to push the boundaries of what mini PCs and laptops can achieve—delivering compact, high-performance solutions that redefine versatility in modern computing.

This year’s IFA will be held in Berlin, Germany from Sept 5-9, 2025. You can Join GEEKOM at Hall 5.2b, Booth 161 to experience cutting-edge technology up close. Don’t miss the A9 MEGA‘s exclusive Kickstarter campaign – secure your revolutionary AI PC at unbeatable early-bird pricing today!

UOB Asset Management launches UOBAM Gold+: A dual-engine gold strategy for Singapore investors

SINGAPORE, Sept. 3, 2025 /PRNewswire/ — UOB Asset Management Ltd (UOBAM) launched its latest managed portfolio solution, the UOBAM Gold+, which blends 49% SPDR Gold MiniShares Trust ETF (GLDM), 49% United Gold & General Fund (UGGF) and a 2% cash buffer. The equal-weight structure offers investors balanced, cost-efficient exposure to the global gold market by pairing physically backed gold bullion with predominantly gold-focused but diversified mining equities.

The UOBAM Gold+ is designed with equal allocations and quarterly rebalancing, enabling investors to benefit from the stability of physical gold during periods of market volatility while capturing the growth potential offered by top-tier mining companies. Additionally, the cash sleeve ensures daily liquidity for enhanced flexibility.

Rachel Ong, Chief Marketing Officer of UOBAM, said “In today’s uncertain market, investors are actively seeking smarter ways to protect and grow their wealth. The UOBAM Gold+ is designed to offer the best of both worlds for investors who are looking for portfolio diversification – combining the stability of physical gold and the growth potential of gold-related equities in a balanced and resilient strategy. With gold reaching successive all-time highs this year and central banks continuing to add bullion to their reserves, this portfolio provides a timely and accessible gateway to tap into the momentum while supporting portfolio hedging and tactical positioning in a dynamic investment landscape.”  

The launch of UOBAM Gold+ comes amid renewed and increasing demand for the metal, fuelled by persistent inflation risk, shifting interest-rate expectations and ongoing geopolitical uncertainties. In this environment, gold has reaffirmed its role as both a liquid safe-haven asset and a proven strategic diversifier for long-term portfolios. The SPDR Gold MiniShares Trust ETF (GLDM) offers one of the most competitive expense ratios in the market, serving as a cost-efficient defensive sleeve. Complementing this, the United Gold & General Fund (UGGF) is an actively managed strategy with more than 30 years of proven performance, investing in established, cash-generative global mining companies with a strong focus on gold. Together, these two funds provide a dynamic blend, balancing gold’s price movements with diversified exposure across physical gold and global-mining stocks.

Exclusively available on the UOBAM Invest app, the portfolio offers convenience and accessibility with a low minimum investment amount starting from S$1. Currently, investors can also benefit from no advisory and platform charges, enabling them to make the most of their investments.

For more information, visit http://uobam.com.sg/goldplus

About UOB Asset Management

UOB Asset Management Ltd (UOBAM) is a wholly-owned subsidiary of United Overseas Bank Limited. Established in 1986, UOBAM has nearly 40 years of experience in managing collective investment schemes and discretionary funds in Singapore, making us among the largest unit trust managers by assets under management. As of 31 July 2025, we managed 65 unit trusts in Singapore and together with our subsidiaries, oversees S$38.1 billion in clients’ assets.

Headquartered in Singapore, UOBAM has a strong presence across Asia, with business and investment offices in Brunei, Indonesia, Japan, Malaysia, Thailand and Vietnam. Our network includes UOB Islamic Asset Management Sdn Bhd in Malaysia, a joint venture with Ping An Fund Management Company Limited (China) and strategic alliances with partners such as Wellington Management Singapore.

UOBAM is one of the region’s most awarded asset managers, with over 380 awards won. In 2025, we were recognised as the Best Regional Asset Management Company by the Asia Asset Management and previously named Best Asset Management House in Asia – 20 Years in 2023. Our digital innovation has also earned top honours, including Best Digital Wealth Management in Asia[1] and Best Robo Advisory Initiative[2] for 3 consecutive years as of 2024.

As a leader in sustainable investing, UOBAM was awarded Best application of ESG in ASEAN[3] (2023) and has received multiple sustainability accolades in Indonesia and Thailand. Our artificial intelligence capabilities were also recognised with the Most Innovative Application of Artificial Intelligence (ASEAN) for 2 consecutive years[4].

Important Notice and Disclaimers

This document is for your general information only. It does not constitute investment advice, recommendation or an offer or solicitation to deal in Exchange Traded Funds (“ETFs”) or in units in any Unit Trusts (“Unit Trusts”, ETFs and Unit Trusts shall together be referred to as “Fund(s)”) nor does it constitute any offer to take part in any particular trading or investment strategy. This document was prepared without regard to the specific objectives, financial situation or needs of any particular person who may receive it. The information is based on certain assumptions, information and conditions available as at the date of this document and may be subject to change at any time without notice. If any information herein becomes inaccurate or out of date, we are not obliged to update it. No representation or promise as to the performance of the Fund or the return on your investment is made. Past performance of any Fund or UOB Asset Management Ltd (“UOBAM”) and any past performance, prediction, projection or forecast of the economic trends or securities market are not necessarily indicative of the future or likely performance of the Fund or UOBAM. The value of any Fund and the income from them, if any, may fall as well as rise, and may have high volatility due to the investment policies and/or portfolio management techniques employed by the Fund. Investments in any Fund involve risks, including the possible loss of the principal amount invested, and are not obligations of, deposits in, or guaranteed or insured by United Overseas Bank Limited (“UOB”), UOBAM, or any of their subsidiary, associate or affiliate (“UOB Group”) or distributors of the Fund. Market conditions may limit the ability of the platform to trade and investments in non-Singapore markets may be subject to exchange rate fluctuations. The Fund may use or invest in financial derivative instruments and you should be aware of the risks associated with investments in financial derivative instruments which are described in the respective Fund’s prospectus. The UOB Group may have interests in the Funds and may also perform or seek to perform brokering and other investment or securities-related services for the Fund. Investors should read the Fund’s prospectus, which is available and may be obtained from UOBAM or any of its appointed agents or distributors, before investing. You may wish to seek advice from a financial adviser before making a commitment to invest in any Funds, and in the event that you choose not to do so, you should consider carefully whether the Fund is suitable for you. Any reference to any specific country, financial product or asset class is used for illustration or information purposes only and you should not rely on it for any purpose. We will not be responsible for any loss or damage arising directly or indirectly in connection with, or as a result of, any person acting on any information provided in this document. Services offered by UOBAM Invest are subject to the UOBAM Invest Terms and Conditions. Apple and the Apple logo are trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

UOB Asset Management Ltd. Company Reg. No. 198600120Z

[1] Awarded by Asia Asset Management

[2] Awarded by The Digital Banker for the Global Retail Banking Innovations Award

[3] Awarded by Asia Asset Management

[4] As of 2025, by Asia Asset Management

 

KuCoin Presents KuMining: Embodying “Simple Mining, Smart Gains” for Effortless Crypto Accumulation

PROVIDENCIALES, Turks and Caicos Islands, Sept. 3, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is pleased to announce the launch of KuMining, an innovative cloud mining brand incubated by KuCoin. Positioned as a next-generation platform under the banner “Simple Mining, Smart Gains,” KuMining is committed to democratizing industrial-scale mining, delivering transparent, cost-effective, and accessible solutions to users of all experience levels. This initiative provides direct access to authentic, industrial-grade hashrate for Bitcoin (BTC) and Dogecoin (DOGE), with merged mining capabilities for Litecoin (LTC), sourced from leading industry partners.


This collaborative venture integrates KuCoin as the premier exchange platform, alongside world-class partners specializing in the manufacturing of PoW mining machines and experts in mining operations and energy optimization. Together, they form a comprehensive ecosystem spanning upstream manufacturing, distribution, and operational expertise. This yields key benefits for retail users, including transparent pricing without intermediary markups and direct supply chain efficiencies. By decentralizing hashrate from institutional control back to the community, KuMining offers the industry’s simplest method of mining, enabling equitable engagement in cryptocurrency’s core infrastructure.

KuMining’s robust infrastructure includes 300 MW to 2 GW in verifiable global power resources, ensuring immediate activation and seamless operations. It initially features over 10 EH/s (equivalent to 10,000 PH/s or 10,000,000 TH/s) in real-time BTC hashrate and 200 TH/s for DOGE/LTC—representing approximately 10% of the Dogecoin network—with auditable data and public monitoring for reliable fulfillment. These figures continue to grow, as the platform expands monthly with thousands of state-of-the-art water-cooled machines.

We are immensely proud to introduce KuMining, a platform that equalizes opportunities in cryptocurrency mining,” said Jolie Du, Chief Operating Officer of KuMining. “Users can rent genuine hashrate from professional facilities, with daily yields automatically credited, eliminating hardware acquisition, energy management, and maintenance complexities. This low-barrier approach suits those seeking stable participation without technical resources, fostering sustainable wealth.

BC Wong, CEO of KuCoin, added: “KuMining’s incubation reaffirms our community commitment, advancing ‘crypto for good’ by bringing hashrate back to retail investors at competitive costs. By decentralizing mining power to real users, it builds an inclusive Web3 where assets can accumulate passively.

The product will be available for purchase beginning September 16, offering users the ability to generate consistent outputs, manage risks, and dollar-cost average into crypto assets without direct exposure to market volatility.

About KuCoin

Founded in 2017, KuCoin is a leading global cryptocurrency platform serving over 41 million users across 200+ countries and regions. Built on cutting-edge blockchain technology, KuCoin offers access to 1,000+ digital assets and solutions including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the “Best Crypto Apps & Exchanges” and a “Top 50 Global Unicorn” by Hurun, KuCoin is ISO 27001:2022 certified and committed to security, compliance, and innovation under the leadership of CEO BC Wong. Learn more: https://www.kucoin.com/

About KuMining

KuMining is a next-generation cloud mining platform, jointly launched by KuCoin and leading global mining partners. It provides retail and institutional users direct access to real, verifiable hashrate backed by top-tier facilities worldwide. Integrated with KuCoin’s ecosystem, KuMining enables seamless settlement, enhanced rewards through KCS, and greater participation in crypto’s core infrastructure.

TBO TO ACQUIRE CLASSIC VACATIONS FROM THE NAJAFI COMPANIES TO EXPAND ITS GLOBAL REACH INTO NORTH AMERICA

TBO’s purchase of the leading U.S. luxury travel wholesaler elevates its premium outbound travel market services across the global stage

SAN FRANCISCO, Sept. 3, 2025 /PRNewswire/ — TBO (NSE: TBO TEK), based in Gurugram, India, announced its agreement to acquire US based Classic Vacations from Phoenix-based investment firm, The Najafi Companies, for an estimated total purchase of up to $125 million.

The acquisition brings together the power of TBO’s first-class technology platform and worldwide inventory with Classic Vacation’s vast network of luxury travel advisors and suppliers. Classic Vacations delivered a revenue of $111 million and an operating EBITDA of $11.2 million in the fiscal year ended Dec. 31, 2024.

TBO’s expansion into serving the premium outbound travel market aligns strategically with Classic Vacation’s exclusive B2B brand and elite, high-value advisor network enhanced by its nearly five decades of success and brand recognition.

“We’re thrilled to bring Classic Vacations into the TBO family – the company’s longstanding delivery of outstanding services has earned the trust of its more than 10,000 travel advisors in the U.S., and their end customers, making them a seamless fit for our vision moving forward in the fast-evolving travel and tourism industry,” said Gaurav Bhatnagar, TBO’s co-founder and Jt. managing director. “Classic Vacations is led by a strong team of experts and will continue as an independent brand while leveraging TBO’s technology and distribution capabilities to grow their business.”

“This acquisition continues to further our strategy to invest in both organic and inorganic growth opportunities. As we start working on integrating Classic Vacations with TBO, we will remain open to similar strategic alliances going forward,” said Ankush Nijhawan, co-founder and Jt. managing director of TBO.

“We’re excited for this next phase in our company’s journey – TBO’s tech-centric solutions are geared fully toward our travel advisor community,” said Melissa Krueger, CEO of Classic Vacations. “TBO connects us to its first-class technology platform unlike what the wholesale market has ever had access to – allowing us to bring even more resources, tools and insider connections to our valued travel advisors.”

“Together, we’re strengthening Classic Vacations’ position as the premier luxury partner in the market while extending our reach onto the global stage, reflecting the worldwide footprint of our most important customers and supplier partners,” Krueger added.

This next phase in TBO and Classic Vacations’ operations will leverage the combined strength of both companies — accelerating growth as a global leader of the luxury travel market while ensuring continuity for customers, suppliers, and employees. With global demand for luxury travel projected to expand significantly over the coming decade, this partnership creates a stronger platform to meet evolving traveler expectations and drive sustained value.

Classic Vacations was bought by The Najafi Companies in 2021 from Expedia Group.

“This acquisition and partnership is a natural next step for our portfolio company Classic Vacations, and we’re happy to have worked successfully with them for the last four years, maximizing the company’s strengths and expertise in luxury travel. With a proven track record of delivering value to partners and travelers alike, Classic is uniquely positioned to lead the industry forward, building on its legacy of performance for years to come,” said Jahm Najafi, founder and CEO of The Najafi Companies.

Moelis & Company LLC acted as exclusive financial adviser and Ballard Spahr LLP acted as legal advisor to Classic Vacations in this transaction. Cooley LLP served as the legal advisors and PWC were the financial and tax advisors for TBO.

About TBO
Founded in 2006, TBO is one of the leading global travel distribution platforms that aims to simplify the buying and selling travel needs of travel partners across the world. It leverages technology to simplify the demands of the complex world of global travel by connecting over 159,000 travel buyers and 1 million travel suppliers at scale of more than 100 countries.

About Classic Vacations
Classic Vacations is a premier B2B2C luxury travel company with a strong network of high-value Travel Advisors and deep ties with major American consortia. Professionally managed, the company leverages expert call centers to deliver premium white-glove service across hotels, air, experiences, car rentals, and travel protection, specializing in complex bespoke luxury itineraries.

About The Najafi Companies
The Najafi Companies, based in Phoenix with offices in New York and Paris, is an entrepreneurially driven private investment firm founded in 2002. The firm makes investments across industries, with significant holdings in consumer brands, ecommerce, media, travel and sports. For more information, visit www.najafi.com

Media Contact:
LAVIDGE PR
najafi@lavidge.com

 

 

Yum China Announces Plan for Approximately US$270 million in Additional Share Repurchases for 2025

SHANGHAI, Sept. 3, 2025 /PRNewswire/ — Yum China Holdings, Inc. (the “Company” or “Yum China“) (NYSE: YUMC and HKEX: 9987) announced that it plans to repurchase approximately an additional US$270 million of its common stock during the remainder of 2025 in the open market, subject to market and other conditions. This repurchase program is expected to commence on September 3, 2025, and is in addition to the previously announced US$510 million share repurchase agreements for the second half of the year, as well as the US$356 million share repurchases completed in the first half of 2025.

Assuming a quarterly dividend of US$0.24 per share, the Company is now expected to return a total of approximately US$1.5 billion to shareholders in 2025, comprising approximately US$360 million in dividends and approximately US$1.14 billion in share repurchases.

“The expanded share repurchase program for 2025 is designed to provide flexibility to repurchase shares in the open market from time to time, with the goal of enhancing long-term shareholder value. It reflects our confidence in our growth prospects and our ability to generate strong free cash flow. As we continue to return capital to shareholders through dividends and share repurchases, we remain committed to investing in our businesses to create value both now and in the long term,” said Joey Wat, CEO of Yum China.

Yum China is on track to return US$3 billion to shareholders through dividends and share repurchases from 2025 to 2026, in addition to the US$1.5 billion delivered in 2024. The average annual amount of capital return over the three years is around 9% of Yum China’s market capitalization as of September 2, 2025.

From 2017 to September 2, 2025, Yum China has returned US$5.2 billion to shareholders through dividends and share repurchases.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements relating to the Company’s business strategy, capital allocation strategy, and dividend and share repurchase plans. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “project,” “likely,” “will,” “continue,” “should,” “forecast,” “outlook,” “commit” or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the future strategies, growth, business plans, and dividend and share repurchase plans. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. Our plan of capital returns to shareholders is based on current expectations, which may change based on market conditions, capital needs or otherwise. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions “Risk Factor” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc.

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 16,000 restaurants under six brands across over 2,400 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain, which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world’s most innovative pioneer in the restaurant industry. For more information, please visit https://ir.yumchina.com/.

Contacts

Investor Relations Contact:
Tel: +86 21 2407 7556
IR@YumChina.com 

Media Contact:
Tel: +86 21 2407 3824 / +852 2267 5807
Media@YumChina.com