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DXC Named a Leader by IDC MarketScape in Industrial IoT End-to-End Engineering and Lifecycle Services

ASHBURN, Va., Aug. 28, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named a Leader in the “IDC MarketScape: Worldwide Industrial IoT End-to-End Engineering and Life-Cycle Services 2025 Vendor Assessment*.” The recognition highlights DXC’s Industrial IoT services to enhance operations and provide greater visibility into the supply chain for industries that rely heavily on physical assets like property, machinery, and equipment.

DXC Named a Leader by IDC MarketScape in Industrial IoT End-to-End Engineering and Lifecycle Services
DXC Named a Leader by IDC MarketScape in Industrial IoT End-to-End Engineering and Lifecycle Services

“To help our customers unlock the full potential of Industrial IoT, we combine deep industry expertise, digital twin technology, and IoT which creates a more comprehensive capability around simulation, process engineering, and recovery,” said Pete McEvoy, Head of Data and AI at DXC. “We believe this recognition by the IDC MarketScape highlights our industry expertise and value as a trusted partner, delivering measurable business outcomes as our clients navigate their digital transformation journey.”

DXC delivers IIoT services using a consistent approach that was designed by its industry experts, delivering the following benefits across manufacturing:

  • Asset Management: Lower maintenance costs and optimize production and scheduling.
  • Incident Mitigation: Rapidly detect, assess, and resolve failures, quality issues, or disruptions across manufacturing, supply chains, and asset-intensive operations.
  • Quality Control: Minimize waste, defects, and rework by identifying product or supply chain issues early and triggering near real-time alerts through custom apps and interfaces.
  • ESG Compliance: Gain real-time visibility into energy use, analyze consumption and pricing trends, boost efficiency, reduce energy costs, and prevent waste.

“IDC Identifies DXC’s strength as its comprehensive Industrial IoT solutions and services portfolio, proprietary frameworks for IIoT and Industry 4.0 solutions and services and delivery ecosystem. DXC’s clients highly appreciate its focus on meeting the business KPIs, proactiveness in bringing new Industrial IoT and Industry 4.0 use cases and showcasing of ROI implications upfront. Its onshore and nearshore heavy model further resonates well with its customers in terms of delivery effectiveness and efficiency. DXC’s investments in R&D, partnerships and extending its delivery ecosystems to other high growth markets are expected to bolster its position in the market and confidence amongst its clients,” said Abhishek Mukherjee, Research Manager, Digital Engineering and Operational Technology Services at IDC.     

DXC helps enterprises design, deploy and manage secure, scalable Industrial IoT and digital twin solutions, powering smart factories, connected operations, and advanced public services such as healthcare, traffic management, and aerospace and defense. Our strategies have delivered maintenance cost savings across fleets, equipment, and machines, and ROI through improved production visibility and quality in manufacturing and supply chain.

This first IDC MarketScape for IIoT end-to-end engineering and life-cycle services evaluated 15 vendors. This evaluation provides a combined view of these service providers’ capabilities in IIoT strategy/consulting, systems integration, engineering, and managed services. 

An excerpt of the IDC MarketScape report and more information on its methodology is available to view here. To learn more about DXC’s IIoT and Digital Twin Services, click here. More information on DXC’s expertise in the manufacturing sector can be found here.

About IDC MarketScape:  
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. 

About DXC Technology
DXC Technology (NYSE: DXC) is a leading global provider of information technology services. We’re a trusted operating partner to many of the world’s most innovative organizations, building solutions that move industries and companies forward. Our engineering, consulting and technology experts help clients simplify, optimize and modernize their systems and processes, manage their most critical workloads, integrate AI-powered intelligence into their operations, and put security and trust at the forefront. Learn more on dxc.com.

* Doc # US51812924, August 2025

Angelena Abate, Media Relations, +1.646.234.8060, angelena.abate@dxc.com

Binance Execution Services Now Aggregates OTC Liquidity for Tighter Spreads and Faster Execution

Institutional users can choose between instant spot and options OTC and fully-managed bespoke execution to meet their needs

DUBAI, UAE, Aug. 28, 2025 /PRNewswire/ — Binance, the world’s largest cryptocurrency exchange by trading volume and users, today announced it has upgraded its Execution Services to aggregate spot and options liquidity from an extensive network of liquidity providers, in addition to the exchange’s deep and proprietary native order books. The new approach prioritizes flow internalization, helping large-volume users improve speed, price performance, and execution time. Depending on their requirements, users can choose between OTC risk-pricing, and bespoke execution whereby the execution desk will leverage Binance’s algorithmic capabilities and market leading liquidity.

Binance supports two primary types of algorithmic trading, Time Weighted Average Price (TWAP) and Percentage of Volume (POV), and users can directly manage their own algorithmic trade through the Binance VIP Portal as well as request for Binance VIP assistance in running their trading where they can specify certain instructions.

As with traditional finance, over-the-counter or OTC trading lets users secure risk-pricing for large transactions to minimize slippage and avoid impacting the market, especially for illiquid assets. Binance will aggregate and submit the most competitive live OTC quotes when users initiate a request, and the trade can settle in as little as 15 minutes, a significant improvement over the industry standard of T+1. Users also have the flexibility of choosing a longer settlement window to fit their liquidity needs.

Binance Execution Services appeals to a wide range of institutional and sophisticated users, including:

  • Large-volume traders: users can lock in pricing for large-volume trades to minimize slippage they otherwise can encounter when trading on the order book
  • Long-time holders and less active “whales”: long-time holders with infrequent trading experience can find it more convenient and efficient to outsource execution
  • Mid-sized entities: market participants such as mid-sized hedge firms can utilize OTC trading to complement their trading strategies and better compete
  • High-frequency trading firms: participants that transact in high frequency trading can opt to become liquidity providers and leverage their very high volume requirements

“Clients who prioritize pricing and speed for larger trades will enjoy our enhanced OTC service, and clients who prefer bespoke execution can also rely on us to fully manage the process for them. By tailoring solutions for the different segments, we help sophisticated clients from high-net-worth individuals and family offices to larger institutions optimize their crypto experience,” commented Catherine Chen, Head of VIP & Institutional at Binance.

The number of VIP and institutional users on Binance grew by 21% and 20% respectively in H1/2025 as compared to H1/2024. Trading volume for the two categories grew by 10% and 12% respectively for the same period.

“We are enhancing our execution capabilities alongside our other offerings to ensure we continue to be well-positioned to support our institutional clients’ growing demand for exposure to crypto,” added Chen.

Institutional users can explore how Binance can enhance their trading experience by visiting Binance Execution Services or contacting Binance VIP & Institutional here.

Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 280 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.

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

About Binance VIP & Institutional

Binance VIP & Institutional empowers institutions and private wealth clients with robust asset management infrastructure, personalized VIP services and advanced end-to-end institutional trading tools on the world’s largest cryptocurrency exchange by trading volume and registered users. With deep financial services experience in both traditional and crypto markets, its global team of trusted experts provides VIP & Institutional clients with the support they need to confidently capitalize on the industry’s deepest liquidity and tightest markets.

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

IFA 2025: DJI to Showcase New Mic 3 and Full Product Portfolio at Berlin’s IFA

Innovative technology for all, from content creators and movie producers to enterprise and agricultural workers

BERLIN, Aug. 28, 2025 /PRNewswire/ — DJI, the global leader in civilian drones and creative camera technology, will be showcasing its innovative product portfolio at IFA 2025. From 5th-9th September, visitors to IFA will have the opportunity to experience DJI’s innovative solutions first-hand.

IFA 2025: DJI to Showcase New Mic 3 and Full Product Portfolio at Berlin’s IFA
IFA 2025: DJI to Showcase New Mic 3 and Full Product Portfolio at Berlin’s IFA

Experience DJI’s Latest Creative Camera, Sound, and Drone Technology

  • Osmo 360: As the company’s first foray into 360 cameras, the Osmo 360 features 1-Inch 360° imaging and native 8K 360° video with large 2.4μm pixels to elevate existing industry standards, bringing creators the flexibility needed for any creative vision.
  • DJI Mic 3: DJI’s latest ultralight wireless microphone offering powerful performance and unmatched versatility. Mic 3 features 4TX + 8RX capability, timecode, dual band anti-interference, and more smart functions to make the recording experience as simple as possible.
  • Camera Drones: Explore the unique characteristics of DJI’s drone line-up—the Mavic 4 Pro with its 360° rotation Infinity Gimbal, the Avata 2 delivering an immersive flight experience, the Air 3S featuring a dual-camera for travel photography, Flip and Neo, with subject tracking for effortless lifestyle capture, or the regulation-friendly Mini 4 Pro, weighing under 250g for hassle-free flying. 
  • Creators Favourites: If you’re looking for a camera to capture the action or a daily vlog, take a look at the Osmo Action 5 Pro, Osmo Pocket 3, with prosumer sound capture from Mic 3.

Industry Leading Stabilization and Image Transmission for All

Designed to boost creativity, DJI has a full range of camera gimbals for everyone from the solo content creator to full-scale movie producers. Highlights include:

  • DJI RS 4 Mini: The compact and lightweight gimbal for cameras and smartphones that weighs just 890g, featuring intelligent tracking and composition, it empowers content creators with a more efficient filming experience.
  • DJI RS 4 Pro: DJI’s flagship stabilizer integrates seamlessly with the DJI Focus Pro lens control system, DJI Transmission and DJI SDR Transmission, and an extensive control ecosystem. This synergy empowers the film and television industry with a full-scale production solution.
  • DJI Ronin 4D: DJI’s advanced technologies have been integrated into one cutting-edge and comprehensive cinematography solution, designed and built to be the new trend of filmmaking.
  • DJI SDR Transmission: Built around Software-Defined Radio technology, the system utilizes both SDR and Wi-Fi video transmission modes. SDR technology takes video transmission performance to a whole new level, offering enhanced stability, interference resistance, and penetration capabilities. 

Power Your World with DJI’s Range of Portable Power Stations

IFA 2024 saw the introduction of DJI’s Power 1000 and 500. This year the range has expanded to include the latest Power 2000 and Power 1000 V2, providing flexible power for home backup, road trips, outdoor camping, film and TV production, and more.

In Germany, Spain, France, among other European countries, users can even connect their Power 2000 and balcony solar system to the national grid to benefit from power savings. Recharge the power station with solar panels during the day, and once the power station is fully charged, the excess electricity will be fed into the grid.

Accessories such as solar panels, fast chargers and hand trucks, for home and outdoor use, will also be on display.

Work Smarter with DJI Delivery, Enterprise and Agriculture Solutions

Discover the Matrice 400, Matrice 4 Series, Dock 3, Agras T50, Mavic 3M and Flycart 30, all designed to enhance operational efficiency and productivity across various industries.

Learn, Create, and Share

To foster creativity and skill development, DJI will host a series of professional and consumer workshops led by filmmaking experts and talented content creators. These workshops are open to all IFA visitors, offering insights into creating high-quality content with ease.

Workshops will run twice a day on the 6th and 7th September, one at 11am focused on drones and one at 3pm focused on handheld products.

See You at IFA

IFA will open its doors at Messe Berlin from 5th-9th September, 2025. Visit DJI’s booth in Hall 20-149 to experience these innovations and witness the future of drone, camera, gimbal, and portable power technology.

About DJI

Since 2006, DJI has led the world with civilian drone innovations that have empowered individuals to take flight for the first time, visionaries to turn their imagination into reality, and professionals to transform their work entirely. Today, DJI serves to build a better world by continuously promoting human advancement. With a solution-oriented mindset and genuine curiosity, DJI has expanded its ambitions into areas such as renewable energy, agriculture, public safety, surveying and mapping, and infrastructure inspection. In every application, DJI products deliver experiences that add value to lives around the world in more profound ways than ever before.

For more information, visit our:
Website: www.dji.com
Online Store: store.dji.com
Facebook: www.facebook.com/DJI
Instagram: www.instagram.com/DJIGlobal
X: www.x.com/DJIGlobal
LinkedIn: www.linkedin.com/company/dji
Subscribe to our YouTube Channel: www.youtube.com/DJI 

NYSE Content advisory: Pre-Market update + Investors Digest Nvidia’s Latest Earnings

NEW YORK, Aug. 28, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

Ashley Mastronardi delivers the pre-market update on August 28th

  • Investors Digest Nvidia’s Q2 earnings
  • The S&P 500 is coming off a record close
  • GDP and weekly jobless claims data out before market open

Opening Bell
Energy Council celebrates the New York Energy Capital Assembly conference and all of NYSE’s energy issuers

Closing Bell
YTexas celebrates its 5th annual summit, which aims to assist high-growth organizations accelerate their presence in Texas

Click here to download the NYSE TV App

 

Vietnam’s Global Aspirations on Display at Hanoi’s New Vietnam Exposition Center

The launch of Vietnam Exposition Center has affirmed its status as Hanoi’s newest architectural icon, while also highlighting Vietnam’s rising position on the global map of preferred destinations for global events.


HANOI, VIETNAM – Media OutReach Newswire – 28 August 2025People from all over Vietnam flocked to the Center in Đông Anh District to attend the exhibition “80 Years of Independence – Freedom – Happiness.” The event brought Vietnam’s history, its people, and recent achievements to life, drawing tens of thousands of visitors in the opening week.

The Vietnam Exposition Center in Hanoi, Vietnam.
The Vietnam Exposition Center in Hanoi, Vietnam.

Much of this appeal comes from the Center’s unique role – not only is it the largest facility of its kind in Southeast Asia, covering nearly 90 hectares, but it also stands as a proud symbol of Vietnam, a nation that endured decades of war and hardship yet has risen to remarkable growth throughout this historic journey.

Beyond its impressive scale and modern architecture, the Center embodies Vietnam’s aspirations for international integration and innovation. It signals an openness to hosting world-class conferences, exhibitions, and cultural events – helping fuel Vietnam’s MICE (Meetings, Incentives, Conferences, Exhibitions) tourism sector and growing cultural industries. Notably, it also carries the mark of Vingroup, the largest private conglomerate in Vietnam, which envisions the Center not only as an iconic landmark, but also as a “bridge” connecting Vietnamese enterprises with the global business community through world-class exhibitions and trade fairs.

The journey to build this modern infrastructure for the capital began with the Prime Minister’s approval in 2015, with the goal of meeting the demand for large-scale events. The site was strategically chosen at the northeastern gateway of Hanoi, providing easy access to Nội Bài International Airport and major transportation routes – making it convenient for both domestic and international guests.

The importance of this location is further underscored by the upcoming launch of the Tu Lien Bridge – a key infrastructure project spanning the Red River – which will provide a fast connection between the city center and the exhibition complex. This will give the Center a major advantage in terms of accessibility, making it a convenient destination for large-scale national and international events.

One distinctive aspect of the project is its blend of tradition and modernity. The Center stands on land closely tied to the ancient Co Loa Citadel, a historic site associated with legends of Vietnam’s founding and defense. In just over 10 months of accelerated construction – cutting the original timeline in half – a striking 24,000-ton steel dome was completed, marking new standards for Vietnam’s construction industry and a spirit of innovation in infrastructure development.

A particular highlight is the Kim Quy Exhibition Hall, with its flowing dome inspired by the legendary “Golden Turtle” (Kim Quy) of Vietnamese folklore. The spiral pattern on the dome, along with expansive plazas, parks, and outdoor exhibition areas, gives the complex a distinctive identity that weaves together tradition and contemporary creativity.

“The sheer scale and modernity of this space convince me that Vietnam is ready to host major international events,” shared a young entrepreneur attending the opening.

Technology products of Vingroup such as VinRobotics and VinMotion at the the exhibition.
Technology products of Vingroup such as VinRobotics and VinMotion at the the exhibition.


A New Engine for Vietnam’s Event Economy

The significance of the Vietnam Exposition Centergoes far beyond symbolism. Its launch aligns with the global rise of the events industry, which is increasingly seen as a powerful driver of economic growth in many countries. According to the Global Association of the Exhibition Industry (UFI), each dollar spent at exhibitions can generate two to three times that value through related services – accommodation, transportation, trade, and national branding¹.

For example, the 2010 Shanghai World Expo drew 73 million visitors and generated nearly $2 billion in revenue over just six months². Dubai’s Expo 2020 attracted over 24 million visitors, contributed an estimated $42 billion to the UAE economy (2013 to 2042), and created tens of thousands of new jobs³. And the global market for events and exhibitions is forecast to keep growing, reaching an estimated $63.75 billion by 2029⁴.

That Vingroup has invested in and completed an international-standard exhibition center in Đông Anh demonstrates a vision of global integration. This achievement brings Vietnam in line with global trends, drives the growth of creative industries, culture, and high-quality services, and attracts additional international investment.

This project is expected to welcome up to 60 million visitors each year to Hanoi – a hub for entertainment, arts, business, and global networking. The arrival of the Vietnam Exposition Centeris helping Vietnam steadily secure its place on the regional events map, opening a new chapter of development, connection, and integration.

Hashtag: #Vingroup

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

PixVerse Launches AI Video Model V5 With Free Access Week

SINGAPORE, Aug. 28, 2025 /PRNewswire/ — AI video platform PixVerse has launched its latest generation model, PixVerse V5, alongside a new Agent feature designed to make video creation easier for everyday users. The company also announced that its global user base has surpassed 100 million.

To mark the launch, PixVerse is offering free access to V5 for a limited time:

  • Start:Aug 28, 2025 – 00:00 (Pacific Time, UTC−7)
  • End:Sep 1, 2025 – 00:00 (Pacific Time, UTC−7)

Key Enhancements in PixVerse V5

V5 introduces significant enhancements across several dimensions of video generation:

  • Motion Quality: More natural and expressive movements, with smoother and more coherent trajectories.
  • Visual Performance: Sharper resolution, richer details, realistic textures, improved lighting for a cinematic finish.
  • Consistency: Stable style, color, and lighting across frames and scenes.
  • Prompt Accuracy: Closer alignment with user prompts, including characters, styles, and environments.

Despite these upgrades, V5 maintains high speed and accessibility. Users can generate a 360p video in 5 seconds or a 1080p video in about one minute, making video creation faster and more accessible — from instant social sharing to cinematic and professional use.

PixVerse Agent: Simple Video Creation for All
By uploading a single photo and choosing an agent, users can automatically generate a 5–30 second clip—turning everyday images into short stories, memes, or creative edits. The tool lowers the barrier to entry, making video generation practical not only for professionals but also for casual users.

PixVerse V5 and the Agent feature are available across the web, mobile apps, and open API platforms.

Global Adoption and Impact

PixVerse now serves more than 100 million users worldwide, who have collectively produced over 800 million videos. The platform’s viral Venom Effect template launched with PixVerse V3 has alone generated more than one billion views on social media, amplified by participation from celebrities and influencers.

These milestones highlight how AI-powered video creation is spreading beyond niche creators to mainstream audiences. PixVerse V5 and Agent extend professional-quality video tools to broader communities, supporting applications in advertising, e-commerce, gaming, education, and entertainment.

PixVerse V5 debuted strongly on independent benchmarks, placing 2nd in image-to-video and 3rd in text-to-video rankings by Artificial Analysis. The platform also ranked 25th on a16z’s Top 50 Gen AI Consumer Apps, reinforcing its growing influence in the global AI ecosystem.

#AI for Good

In 2025, PixVerse was recognized at the UN AI for Good Global Summit. It later launched the #AIForGood Short Film Contest, which attracted over 100 submissions in its first month, highlighting themes from environmental protection to social equality.

About PixVerse:

PixVerse is a generative AI video platform that is transforming the way digital content is created. With its intuitive, one-click video generation, users can create cinematic-quality videos from simple inputs, such as a video, a photo or a line of text—no prior production knowledge required. PixVerse has experienced remarkable growth, with its global user base surpassing 100 million in August 2025. Monthly active users have exceeded 16 million. The platform has launched in 13 languages, reaching users across more than 175 countries and regions.

For more information visit: https://pixverse.ai/ 

Contact for the press Enna Jin

media@pixverse.ai 

Bairong Inc. Announces 2025 Interim Financial Results

Revenue Grows Rapidly with Year-on-Year Increase in Net Profit Margin

BEIJING, Aug. 28, 2025 /PRNewswire/ — Bairong Inc. (the “Company”, “we” , “us” or “our” ; HKEX: 6608), a leading cloud-based AI turnkey service provider, today announced the interim results of the Group for the six months ended June 30, 2025.

Mr. Zhang Shaofeng, Founder, Chief Executive Officer and Chairman of the Board, commented:
“In the first half of 2025, the Company achieved a year-on-year revenue growth of 22% while maintaining sustained profitability. The revenue of our MaaS business increased by 19% year-on-year. Our BaaS business also achieved rapid growth, especially the revenue of the BaaS financial industry cloud driven by generative AI, which surged by 45% year-on-year. Our gross profit remained strong at over 70% while non-IFRS profit for the period reached 254 million, with a non-IFRS net profit margin of 16%. This demonstrates that our investments in the AI business have not only brought first-mover advantages but also achieved meaningful economies of scale. In terms of technology and products, relying on the intelligent voice product VoiceGPT and the Bairong enterprise-level intelligent agent platform CybotStar, we have deeply integrated our cross-industry AI capabilities into high-potential sectors such as telecom operators, medical care, and large-scale retail. Notably, the commercialization of the Bairong CybotStar enterprise-level intelligent agent platform has been commercialized.”

Financial Summary

Six months ended June 30,

2025

2024

Change

(unaudited)

(unaudited)

( %)

(RMB in thousands, except percentages)

Revenue

1,611,797

1,321,348

22

 Model as a service (“MaaS“)

501,941

421,352

19

 Business as a service (“BaaS“)

1,109,856

899,996

23

  BaaS – Financial Scenario

856,957

589,473

45

  BaaS – Insurance Scenario

252,899

310,523

-19

Gross profit

1,182,428

967,155

22

Operating profit

200,894

156,832

28

Profit for the period

201,224

142,833

41

Non-IFRS measures

Non-IFRS profit for the period

254,449

197,479

29

Non-IFRS EBITDA

282,539

243,481

16

Revenue 

For the six months ended June 30, 2025, our revenue reached RMB1,611.80 million, representing a period-over-period increase of 22% from RMB1,321.35 million for the six months ended June 30, 2024. During the Reporting Period, our non-IFRS profit was RMB 254.45million and our non-IFRS profit margin remained healthy at 16%, representing a period-over-period increase of 1 percentage point.

For the six months ended June 30, 2025, our MaaS business reported revenue of RMB 501.94million, representing an increase of 19% period-over-period, primarily attributable to expanded fields of application and enhanced product competitiveness combining AI algorithms to optimize product performance. During the Reporting Period, the number of Key Clients reached 167, while average revenue per Key Client was RMB 2.28 million. Our Key Client retention rate was 98%.

Key metrics of MaaS

Six months ended June 30,

2025

2024

Change

(unaudited)

(unaudited)

( %)

(RMB in thousands, except percentages)

Revenue from MaaS

501,941

421,352

19

 Revenue from Key Clients(Note)

380,534

329,398

16

  Number of Key Clients

167

165

1

  Average revenue per Key Client

2,279

1,996

14

Retention rate of Key Clients

98 %

96 %

2 pp

Note: Key Clients” are defined as paying clients that each contributes more than RMB300,000 total
revenue to the Company year-to-date.

For the six months ended June 30, 2025, our BaaS – Financial Scenario business reported revenue of RMB 856.96million, representing a year-over-year increase of 45% from RMB589.47 million for the six months ended June 30, 2024.In the first half of 2025, following the algorithm registration of our enterprise-grade agent platform, CybotStar, our proprietary large language model, BR-LLM, has now also completed registration as a national large-model. Leveraging BR-LLM, we have launched a comprehensive suite of AI products, including CybotStar, Digital Humans, VoiceGPT intelligent voice capabilities, and others. This forms a complete AI product ecosystem, creating a commercial closed loop from customized foundational models and mid-layer agent development to final solution delivery. As AI integration deepens across application scenarios, our BaaS Financial Scenario continues to capitalize on its strengths in scenario-driven AI to achieve breakthroughs in multiple sectors.

Key metrics of BaaS – Financial Scenario

Six months ended June 30,

2025

2024

Change

(unaudited)

(unaudited)

( %)

(RMB in thousands, except percentages)

Revenue from BaaS – Financial Scenario

856,957

589,473

45

In the first half of 2025, our BaaS – Insurance Scenario revenue decreased by 19% period-over-period to RMB 252.90million. Total premiums increased by 9% period-over-period to RMB 3,118.79million. In the first half of 2025, first year premiums increased by 5% period-over-period to RMB 2,006.15million. Renewal premiums increased by 15% period-over-period to RMB 1,112.64million. The persistency rate of life insurance premiums continued to exceed 90%, ranking among the top in the industry.

Key metrics of BaaS – Insurance Scenario

Six months ended June 30,

2025

2024

Change

(unaudited)

(unaudited)

( %)

(RMB in thousands, except percentages)

Revenue from BaaS – Insurance Scenario

252,899

310,523

(19)

 Revenue from first year premiums

203,963

254,658

(20)

  First year premiums

2,006,151

1,904,544

5

 Revenue from renewal premiums

48,936

55,865

(12)

  Renewal premiums

1,112,639

968,119

15

Cost of sales

Our cost of sales increased by 21% from RMB354.19 million for the six months ended June 30, 2024 to RMB429.37 million for the six months ended June 30, 2025, in line with the growth of our business scale.

Gross profit and gross margin

As a result of the foregoing, the Group’s gross profit increased by 22% from RMB967.16 million for the six months ended June 30, 2024 to RMB1,182.43 million for the six months ended June 30, 2025. The Group’s gross margin remained stable at 73%.

Research and development expenses

The Group’s research and development expenses increased by 33% from RMB225.88 million for the six months ended June 30, 2024 to RMB301.54 million for the six months ended June 30, 2025, primarily attributable to the increased investments at corporate level for AI. Research and development expenses as a percentage of revenue increased by 2pct to 19%.

General and administrative expenses

The Group’s general and administrative expenses were RMB140.21 million and RMB139.94 million for the six months ended June 30, 2025 and 2024, respectively, which remained stable on a period-over-period basis.

Sales and marketing expenses

Our sales and marketing expenses increased by 20% from RMB506.54 million for the six months ended June 30, 2024 to RMB606.28 million for the six months ended June 30, 2025, primarily due to an increase of RMB116.07 million in information technology services, promotion, advertising and other related expenses, which was mainly due to our continuous efforts to efficiently reach and engage users to improve conversion efficiency and the increased branding and business promotion to enhance our brand recognition.

Other income

Our net other income increased by 15% from RMB73.03 million for the six months ended June 30, 2024 to RMB83.75 million for the six months ended June 30, 2025. This is primarily due to the increase of RMB22.86 million in net gains on disposal of subsidiaries, partly offset by the increase in foreign exchange losses arising from depreciation of USD against RMB.

Profit for the year

As a result of the foregoing, the Group’s profit for the period increased from RMB142.83 million for the six months ended June 30, 2024 to RMB201.22 million for the six months ended June 30, 2025.

Cash, cash equivalents and time deposits

The Group had cash and cash equivalents of RMB833.52 million and cash reserve of RMB2,895.78 million as at June 30, 2025, compared to the balance of RMB739.23 million and RMB2,917.94 million as of December 31, 2024, respectively. The cash reserve included restricted cash, time deposits and treasury investments. During the six months ended June 30, 2025, the Company repurchased a total of 3,274,500 Class B Shares (the “Shares Repurchased”) on the Stock Exchange at an aggregate consideration (including transaction cost) of approximately HK$[25.78] million including expenses to enhance the Company’s shareholder value in the long run.

Conference Call

Our management will hold a conference call at 9:00a.m. Beijing / Hong Kong Time on Friday, August 29, 2025 to discuss the financial results and answer questions from investors and analysts.

For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time.

Participant Online Registration:
https://webcast.roadshowchina.cn/kxb22E/meet

Dial-in details for the earnings conference call are as follows:

International: +86-23-62737100
Mainland China: 023-63623333/4008-063-263
HK China: +852-30183602/+800-961505

English Dial-in Password: 649518155
Chinese Dial-in Password: 320556788

Please scan the QR code in the poster below to register for the conference:


About Bairong Inc.

Bairong Inc. is a leading artificial intelligence (AI) technology services company. The Company applies natural language processing (NLP), privacy computing, machine learning, cloud computing and other technologies to provide services to enterprises through model-as-a-service (MaaS) and business-as-a-service (BaaS). The MaaS services leverage discriminant AI to digitalize the know-your-customer (KYC) and know-your-product (KYP) process for enterprises, by analyzing users’ risk, willingness, and capability. The BaaS services use discriminant AI to analyze and stratify users into groups and develops generative AI-powered VoiceGPT using human natural languages to interact with users. The Company’s products and services are widely used by enterprise customers in banking, consumer finance, insurance, e-commerce, automobiles, logistics, ticketing, energy, construction and other industries.

For more information, please visit: http://ir.brgroup.com

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements. These forward-looking statements can be identified by terminologies such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and the negative of these words and other similar expressions or statements. Bairong may also make written or oral forward-looking statements in its periodic reports to the HKEx, in its annual and interim reports 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 Bairong’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: Bairong’s strategies, future business development, and financial condition and results of operations; Bairong’s limited operating history; risks associated with the financial service industry, Bairong’s ability to develop and deliver services of high quality and appeal to clients; Bairong’s ability to generate positive cash flow and profits; Bairong’s ability to compete successfully; Bairong’s ability to build its brand and withstand negative publicity; and changes in client demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Bairong’s filings with the HKEX. All information provided in this press release is as of the date of this press release, and Bairong does not undertake any obligation to update any forward-looking statements, except as required under applicable laws.

For investor inquiries, please contact:
Bairong Inc.
Ms. Sandy Qin, CFA, CMA, FCG HKFCG
Email: ir@brgroup.com

For media inquiries, please contact:
Bairong Inc.
Email: brmarketing@brgroup.com

AIP Capital and BeYoke Capital Form Strategic Partnership

AIP Capital and BeYoke have formed a strategic partnership to originate aircraft and engine investment opportunities for Japanese investors

DUBLIN and STAMFORD, Conn. and TOKYO, Aug. 28, 2025 /PRNewswire/ — AIP Capital (“AIP”), an alternative investment manager focused on opportunities in asset-based finance and BeYoke Capital (“BeYoke”), a global aviation specialty investment platform based in Japan, today announced the formation of a strategic partnership.

BeYoke
BeYoke

The partnership will originate aircraft and engine investment opportunities for Japanese investors via Japanese Operating Lease (“JOL”), Japanese Operating Lease with Call Option (“JOLCO”) structures, and secured loan products. As part of this partnership, AIP has made a minority investment in BeYoke and would join the board of directors. This positions AIP with a Japanese FSA licensed JOL / JOLCO arrangement platform and will go on to further expand AIP’s presence in the Asia-Pacific region.

“We are excited to formally begin this partnership with BeYoke,” said Scott Debano, Managing Director at AIP. “BeYoke is led by a team of experienced and well-respected market leaders. AIP and BeYoke are well aligned with a similar vision, and we believe this partnership will bolster both platforms while enhancing AIP’s financing capabilities and further grow our investor base and serve our airline customers across the globe.”

“We are pleased to announce this partnership to the market,” said Rion Sato, CEO of BeYoke Capital. “AIP has proven its capabilities as an origination partner and asset manager. We believe our shared core values and principles will enable us to deliver innovative solutions that align with the evolving needs of our airline partners and unlock diverse and creative investment opportunities for our investors.”

AIP Capital was advised by Morgan Lewis as lead counsel and KPMG on tax structuring.

About AIP Capital

AIP Capital (AIP) is a global alternative investment manager focused on opportunities in asset-based finance including aviation and equipment finance. AIP, together with its affiliates, manages approximately $4 billion of assets on behalf of a diversified global investor base. The AIP team is comprised of more than 40 experienced professionals across AIP’s offices in Stamford, New York City, Dublin, and Singapore.

For more information about AIP Capital or to speak with company executives, please contact investor.relations@aipcapital.com.

About BeYoke Capital

Established in 2021, BeYoke Capital (BeYoke) is an FSA-registered financial service provider that aims to build a global specialty investment platform for aviation assets. BeYoke was founded by a team of professionals with deep knowledge and experience in aviation and structured finance. BeYoke is committed to its core mission of creatively bridging the gap between global airlines with growing funding needs and investors seeking diverse opportunities.

For more information about BeYoke Capital or to speak with company executives, please contact info@beyoke.com.

Media Contact

AIP Capital
Geoffrey Bayers
investor.relations@aipcapital.com

BeYoke Capital
Kazuya Kurita
info@beyoke.com