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TECO Wins Major Hyperscale Data Center MEP Projects in Malaysia

TAIPEI, July 18, 2025 /PRNewswire/ — TECO Electric & Machinery Co., Ltd. (TWSE: 1504) has announced a major milestone following its March acquisition of Malaysian MEP engineering company NCL Energy. The company has secured significant data center projects in Selangor and Johor Bahru, marking its entry into the hyperscale data center sector. With a combined capacity of 178 MW, these two contracts have a total value exceeding MYR 170 million (approximately TWD 1.17 billion).

Chairman Morris Li emphasized that these major projects highlight not only TECO’s advanced technical capabilities in hyperscale data center MEP engineering but also showcase its Intelligence Energy Business Group’s competence in project integration and execution on the international stage. As Malaysia rapidly becomes a key data center hub in Southeast Asia, these contract awards support TECO in broadening its footprint in the data center infrastructure market.

Seizing Hyperscale Data Center Opportunities to Expand Regional Footprint

TECO group now holds a key position in MEP engineering sector and is recognized as an industry expert in fiber connectivity for hyperscale data centers. The company is also dedicated to structured cabling and connection solutions in the country. The TECO team will undertake the Elmina Business Park project in Selangor, which includes server room installations and the deployment of hyperscale fiber-optic communication infrastructure. In Johor Bahru, the Sedenak Tech Park project will similarly focus on fiber-optic solutions for hyperscale data centers. TECO noted that major global tech giants are accelerating the deployment of hyperscale data centers in Southeast Asia. In response, TECO will continue to pursue opportunities for its full product portfolio to enter this market, further expanding its data center business footprint.

Pioneering the World’s First Ultra-High-Capacity Fiber Cable Installation in Singapore

In addition to its progress in Malaysia, TECO revealed that its Intelligence Energy Business Group is currently executing a data center MEP project in Singapore, which includes the installation of the world’s first 13,864-core hyperscale fiber-optic cable. This cutting-edge engineering competence will help the client build a high-speed, stable, and scalable data transmission architecture, significantly boosting the overall performance of the data center. In Singapore, TECO has amassed over a decade of expertise in data center MEP engineering, delivering integrated solutions totaling more than 240MW in capacity.

Combining Global Expertise with Local Strength to Set a Benchmark in MEP Integration

Beyond its extensive engineering experience, TECO also manufactures and supplies core MEP products essential for data center construction, including modular solutions such as high-efficiency motors, busways, generators, transformers, and switchboards.

TECO stated that its total installed capacity for data center projects across Taiwan and Southeast Asia has exceeded 700MW. Moving forward, TECO will continue to leverage its international project expertise and strong local teams to deliver reliable, efficient, and flexible one-stop solutions—establishing itself as a leading brand in smart energy and integrated MEP engineering.

TECO website: https://www.teco.com.tw/

NYSE Content Advisory: Pre-Market update + Strong earnings and data gives Wall Street momentum

NEW YORK, July 18, 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. 

 

NYSE Content Advisory: Pre-Market update + Strong earnings and data gives Wall Street momentum

Caroline Woods delivers the pre-market update on July 18th

  • Stocks are little changed Friday morning after the S&P 500 notched a record close on Thursday. Fueling the latest rally has been a combination of company earnings and recent economic data.
  • Big Banks dominated this week’s earnings headlines with several CEOs including J.P. Morgan Chase’s Jamie Dimon and Bank of America’s Brian Moynihan using the word “resilient” to describe consumers and the economy.
  • Traders are reacting favorably to Thursday’s U.S. Retail Sales data. After sales fell in both April and May amid tariff talk in Washington, consumers picked up their spending in June.

Opening Bell
New York City Emergency Management Department rings the opening bell

Closing Bell
United Wholesale Mortgage (NYSE: UWMC) celebrates the continued growth of local mortgage experts across America

Click here to download the NYSE TV App

 

 

Leoch Battery Unveils All-Scenario Smart Energy Solutions at The Battery Show Asia 2025

HONG KONG, July 18, 2025 /PRNewswire/ — As a Strategic Partner of The Battery Show Asia 2025Leoch Batterytook center stage today at the AsiaWorld-Expo, unveiling its revolutionary All-Scenario Smart Energy Solutions for the Demand Side. The global premiere showcased Leoch Battery’s innovative smart energy management solutions and ecosystem designed to redefine resilience, economics, and sustainability in energy management.

LEOCH Global Launch of All-Scenario Smart Energy Solutions
LEOCH Global Launch of All-Scenario Smart Energy Solutions

A Highlight of the Show: Leoch’s Grand Unveiling
The Battery Show Asia 2025, held from July 15–17, brings together industry leaders, innovators, and policymakers to explore the future of energy storage and new energy mobility. As a key participant, Leoch Battery demonstrated its leadership through a series of high-impact presentations and product launches:

  1. Global Vision and ESG Commitment
    Founder and Chairman Dong Li and CEO Kouyue Wu outlined Leoch Battery’s mission to drive zero-carbon transitions, aligning with the world’s focus on sustainable mobility and energy solutions.
  2. Demand-Side Energy Revolution
    CTO Robin Li presented the EMS+ESS Ecosystem Solution, highlighting its economic value model for ESS, EMS and Microgrid solutions, with multiple value stacking to reduce diesel and electricity cost, and use AI to dynamically choose the best operating mode to earn additional energy trading revenue like frequency regulation or demand response via the microgrid flexibility.
  3. AI Data Center Breakthroughs
    Senior Manager of Lithium Battery R&D Jax Zhou introduced the PU Series High-Power 6C UPS Lithium Systems, addressing critical power and high power density needs for AI workloads—a timely topic given the show’s emphasis on tech-driven power efficiency.
  4. Resilience Meets Economics
    Director of EMS product Kevin Zhang explored modular energy storage system designs scaled up by microgrid EMS, resonating with attendees from telecom, data center, C&I and microgrid sectors, to shorten the payback less than 5 years.
  5. Cybersecurity and Global Compliance
    Head of Solutions Hanyong Lee showcased Leoch Battery’s secure Network Power Backup Solution across lead, lithium and sodium-ion, underscoring the importance of cyber security (designed and implemented in Singapore on government-grade level compliance standard) in global telecom backup power and storage—a key discussion point across the exhibition.
  6. Real-World Impact
    A case study with Schneider Electric’s NaviX Solutions and a panel featuring Singapore Battery Consortium, National University of Singapore and Singapore Energy Study Institute, China International Marine Containers Group and Sino Express Intelligence highlighted the industry trends, problem statement and  practical applications of Leoch Battery’s technologies, reinforcing the show’s goal of bridging innovation with technology & implementation.

Certification Milestone
The event culminated with Leoch Battery receiving UL9540A & IEC62619 certifications—a testament to its commitment to fire safety & excellence, mirroring the show’s dedication to advancing safety compliance and industry standards.

Looking Ahead
Leoch Battery’s innovations align with global trends—from AI-driven efficiency to ESG-aligned financing, underscored by Citi and HSBC. The strategic partnership between The Battery Show Asia and Leoch Battery represents a powerful alliance driving innovation and transformation across the energy storage industry. 

Bybit & Block Scholes Report: ETH Holds Key Level as SOL Growth Stagnates

DUBAI, UAE, July 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes. The weekly data showed BTC’s aggressive rally was driven by bullish derivatives momentum, while ETH reclaimed key $3K level for the first time since February 2025. Open interest in perpetual futures on Bybit soared above $13B, marking its monthly high and far surpassing June. 

Key Insights:

  • BTC Finds Momentum: BTC demonstrated exceptional strength last week, climbing aggressively to reach an all-time high of $123K and reversing its course in options. A highly energized derivatives markets, characterized by consistently positive funding rates and call options, fueled the rally. Short-tenor BTC implied volatility broke out of its previous 25-35% range to hit 41% before declining as traders took profits, bringing BTC down to $118,000.
  • SOL Trails Other L1s Despite Strong Institutional Support: SOL continues to record healthy growth but underperformed compared to other Layer 1 blockchains with a 9% weekly return, versus SUI’s and ETH’s double digit growth. This is despite positive institutional adoption signals including institutional buy-ins and purchases. The REX-Osprey SOL Staking ETF has seen consistent inflows since its July 2 launch, experiencing only one day of outflows.
  • ETH on a Winning Streak: ETH reclaimed the critical “important psychological price point” of $3K for the first time since February 2025, posting impressive gains with over 20% in weekly gains to $3,150. Over the past week, implied volatility for short-tenor ETH options surged from 54% to 71%, while derivatives markets showed bullish sentiment with skew tilted 5% toward OTM calls, consistently positive funding rates, futures trading above spot, and call open interest now dominating puts by more than 2x.

Source: Bybit and Block Scholes
Source: Bybit and Block Scholes

For detailed insights, readers may download the full report.

#Bybit / #TheCryptoArk / #BybitLearn

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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UnionPay Launches Global Summer Campaign with Exclusive Travel Offers

Exclusive discounts, cashback, and exchange rate perks for international travelers

SHANGHAI, July 18, 2025 /PRNewswire/ — UnionPay International has officially launched its 2025 Global Summer Campaign, rolling out exclusive offers for international travelers as the global holiday season peaks. UnionPay cardholders can enjoy a wide range of summer privileges across more than 100,000 partner merchants in 25 popular destinations. Benefits include merchant discounts, favorable exchange rates, and bank-backed cashback, all of which are designed to enhance the shopping, dining, and travel experiences for global users. (https://www.unionpayintl.com/cardholderServ/serviceCenter/merchant?language=en)

“Summer is when joyful memories are made, and we want UnionPay to be part of them,” said Zhuang Bei, vice president of UnionPay International. “Whether you’re shopping in Paris, dining in Tokyo, or exploring a theme park with family in Singapore, our global summer campaign makes every experience more affordable, smoother, and more memorable.”

This year’s campaign reflects the strong rebound in global travel, with destinations across Asia and Europe seeing significant surges in popularity. Bookings to countries such as Japan, South Korea, Italy, France, and the United Kingdom have notably increased. In response, UnionPay has expanded its global merchant network, collaborating with retailers in 35 international airports and 60 major shopping districts to offer cardholders exclusive summer privileges.

UnionPay has also partnered with the world’s top duty-free groups, leading department stores, and outlet malls to offer exclusive discounts on global brands. Cardholders can also enjoy savings at over 3,500 local dining spots, cafés, and seafood markets, with instant deals available through platforms like Dianping and Uber Eats.

For family travelers during the school holidays, UnionPay has introduced themed offers in collaboration with eight world-renowned attractions. At locations such as Resorts World Sentosa in Singapore and the Royal Caribbean Spectrum of the Seas cruise ship, UnionPay users can receive cashback or instant discounts when spending meets specified thresholds.

Flight and transportation perks are also part of the campaign. UnionPay cardholders can enjoy exclusive offers when booking with international airlines such as Cathay Pacific, Singapore Airlines, Turkish Airlines, and Air China. Travelers can also access UnionPay discounts when topping up transit cards in Japan and Hong Kong SAR, or when making payments with J-Coin Pay in Japan and ZeroPay in Korea, with discounts of up to 10% available.

In addition to boost global retail by delivering travel savings, UnionPay continues to provide favorable exchange rates to Chinese travelers across over 30 destinations, including Southeast Asia, Japan, South Korea, Europe, and the Middle East. Cardholders who enroll through the UnionPay App and meet spending thresholds are eligible for upgraded rates. Meanwhile, 16 partner banks in Chinese Mainland, including ICBC, ABC, BOC, CCB and CMB, are offering up to 12% UnionPay card cashback on cross-border transactions, driving foot traffic for global merchants. For inbound China, more than 40 international banks issue UnionPay SplendorPlus Card, tailoring exclusive cashback and promotions for spending within the tour in China.

Now accepted in 183 countries and regions, with more than 73 million online and offline merchants and 1.7 million ATMs worldwide, UnionPay is strengthening its position as a preferred cross-border payment solution. With this global summer campaign, UnionPay International continues to deliver value, convenience, and reliability to travelers at every step of their journey.

UnionPay Launches Global Summer Campaign with Exclusive Travel Offers

Exclusive discounts, cashback, and exchange rate perks for international travelers

SHANGHAI, July 18, 2025 /PRNewswire/ — UnionPay International has officially launched its 2025 Global Summer Campaign, rolling out exclusive offers for international travelers as the global holiday season peaks. UnionPay cardholders can enjoy a wide range of summer privileges across more than 100,000 partner merchants in 25 popular destinations. Benefits include merchant discounts, favorable exchange rates, and bank-backed cashback, all of which are designed to enhance the shopping, dining, and travel experiences for global users. (https://www.unionpayintl.com/cardholderServ/serviceCenter/merchant?language=en)

“Summer is when joyful memories are made, and we want UnionPay to be part of them,” said Zhuang Bei, vice president of UnionPay International. “Whether you’re shopping in Paris, dining in Tokyo, or exploring a theme park with family in Singapore, our global summer campaign makes every experience more affordable, smoother, and more memorable.”

This year’s campaign reflects the strong rebound in global travel, with destinations across Asia and Europe seeing significant surges in popularity. Bookings to countries such as Japan, South Korea, Italy, France, and the United Kingdom have notably increased. In response, UnionPay has expanded its global merchant network, collaborating with retailers in 35 international airports and 60 major shopping districts to offer cardholders exclusive summer privileges.

UnionPay has also partnered with the world’s top duty-free groups, leading department stores, and outlet malls to offer exclusive discounts on global brands. Cardholders can also enjoy savings at over 3,500 local dining spots, cafés, and seafood markets, with instant deals available through platforms like Dianping and Uber Eats.

For family travelers during the school holidays, UnionPay has introduced themed offers in collaboration with eight world-renowned attractions. At locations such as Resorts World Sentosa in Singapore and the Royal Caribbean Spectrum of the Seas cruise ship, UnionPay users can receive cashback or instant discounts when spending meets specified thresholds.

Flight and transportation perks are also part of the campaign. UnionPay cardholders can enjoy exclusive offers when booking with international airlines such as Cathay Pacific, Singapore Airlines, Turkish Airlines, and Air China. Travelers can also access UnionPay discounts when topping up transit cards in Japan and Hong Kong SAR, or when making payments with J-Coin Pay in Japan and ZeroPay in Korea, with discounts of up to 10% available.

In addition to boost global retail by delivering travel savings, UnionPay continues to provide favorable exchange rates to Chinese travelers across over 30 destinations, including Southeast Asia, Japan, South Korea, Europe, and the Middle East. Cardholders who enroll through the UnionPay App and meet spending thresholds are eligible for upgraded rates. Meanwhile, 16 partner banks in Chinese Mainland, including ICBC, ABC, BOC, CCB and CMB, are offering up to 12% UnionPay card cashback on cross-border transactions, driving foot traffic for global merchants. For inbound China, more than 40 international banks issue UnionPay SplendorPlus Card, tailoring exclusive cashback and promotions for spending within the tour in China.

Now accepted in 183 countries and regions, with more than 73 million online and offline merchants and 1.7 million ATMs worldwide, UnionPay is strengthening its position as a preferred cross-border payment solution. With this global summer campaign, UnionPay International continues to deliver value, convenience, and reliability to travelers at every step of their journey.

Fangzhou and Novo Nordisk Signed Collaboration Memorandum to Establish a New Ecosystem for Health Management

BEIJING, July 18, 2025 /PRNewswire/ — Fangzhou Inc. (“Fangzhou” or the “Company”) (06086.HK), a leader in Internet healthcare solutions, signed a Memorandum of Understanding with Novo Nordisk, a leading global healthcare company, at the 3rd China International Supply Chain Expo in Beijing. Leveraging its AI application services, innovative treatment solutions, and convenient pharmaceutical services, Fangzhou will collaborate with Novo Nordisk on managing serious chronic diseases, such as diabetes and obesity.

Fangzhou’s founder, chairman, and CEO Dr. Xie Fangmin, and Christine Zhou, Novo Nordisk Senior Vice President & President of Region China, attended the signing ceremony.

By leveraging Novo Nordisk’s expertise and innovative products in diabetes and obesity treatment, Fangzhou plans to employ its smart healthcare ecosystem and robust technology infrastructure to create a comprehensive health management service. This will include medication guidance, reminders, efficacy tracking, and health education, effectively shaping the value chain in the glucose control and weight loss sector. The aim is to shift the focus from a “disease-centered” approach to a “health-centered” model, providing patients with higher quality and more convenient one-stop healthcare services.

Dr. Xie Fangmin remarked, “We are partnering with Novo Nordisk, a leading global healthcare company, to explore AI technology and address the pain points of traditional health management. Together, we aim to deliver innovative digital solutions for managing blood sugar and weight on a global scale.”

Christine Zhou said, “With the combined strengths of both companies, this collaboration will closely integrate chronic disease prevention and digital innovation technology, jointly enhancing public awareness of diabetes and obesity. It will also support the aim that the concepts of early screening, early diagnosis, and early treatment are effectively implemented within smart healthcare environments.”

Looking forward, both companies expect to explore further innovative collaborations in the medical industry’s digital transformation, with the goal of benefiting patients with serious chronic diseases and accelerating the achievement of the “Healthy China 2030” strategic objectives.

About Fangzhou Inc.

Fangzhou Inc. (06086.HK) is China’s leading online chronic disease management platform, serving 49.2 million registered users and 223,000 physicians (as of December 31, 2024). The Company specializes in delivering tailored medical care and precision medicine solutions. For more information, visit https://investors.jianke.com.

Media Contact
For further inquiries or interviews, please reach out to:
Xingwei Zhao Associate Director of Public Relations Email: pr@jianke.com 

Disclaimer: This press release contains forward-looking statements. Actual results may differ materially from those anticipated due to various factors. Readers are cautioned not to place undue reliance on these statements

Jianzhi Announces Results of Extraordinary General Meeting

BEIJING, July 18, 2025 /PRNewswire/ — Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced the results of an extraordinary general meeting held at 9:30 A.M. on July 17, 2025, Beijing time (9:30 P.M. on July 16, 2025, U.S. Eastern time) at 15F, Tower A, Yingdu Buiding, Zhichun Road, Haidian District, Beijing, People’s Republic of China, 100086 (the “Extraordinary General Meeting”).

At the Extraordinary General Meeting, shareholders of the Company passed the following resolution:

(i) Resolved as an ordinary resolution, that the authorized share capital of the Company be amended with immediate effect by:

(a) re-designating and re-classifying 400,000,000 authorized ordinary shares of par value of US$0.0001 each (including all of the existing issued ordinary shares) in the Company as 400,000,000 class A ordinary shares of par value US$0.0001 each (the “Class A Ordinary Shares”), where the rights of the existing ordinary shares shall be the same as the Class A Ordinary shares; and

(b) cancelling 100,000,000 authorized but unissued ordinary shares in the Company and creating a new class of shares comprising of 100,000,000 class B ordinary shares the (“Class B Ordinary Shares”), which will be entitled to fifty (50) votes per share,

such that the authorized share capital of the Company shall become US$50,000 divided into (a) 400,000,000 class A ordinary shares of a par value of US$0.0001 each and (b) 100,000,000 class B ordinary shares of a par value of US$0.0001 each (collectively, the “Share Capital Reorganization”)

(ii) Resolved as an ordinary resolution, that the authorized share capital of the Company be increased with effect immediately after the Share Capital Reorganization taking effect from US$50,000 divided into (a) 400,000,000 class A ordinary shares of a par value of US$0.0001 each and (b) 100,000,000 class B ordinary shares of a par value of US$0.0001 each to US$1,000,000 divided into (a) 9,900,000,000 class A ordinary shares of a par value of US$0.0001 each and (b) 100,000,000 class B ordinary shares of a par value of US$0.0001 each, by creation of an additional 9,500,000,000 class A ordinary shares of a par value of US$0.0001 each (the “Increase of Authorized Share Capital”).

(iii) Resolved as a special resolution, that the proposed second amended and restated memorandum and articles of association of the Company (the “Second Restated MAA”), the form of which is annexed as Exhibit A to the notice of EGM be adopted in their entirety and in substitution for and to the exclusion of the existing memorandum and articles of the Company with effect immediately after both the Share Capital Reorganization and the Increase of Authorized Share Capital taking effect.

(iv) Resolved as a special resolution, that subject to the Share Capital Reorganization, Increase of Authorized Share Capital and Second Restated MAA taking effect and the Company’s receipt of the consent to repurchase and application for shares duly executed by RongDe Holdings Limited (“RongDe”), 54,790,000 Class A Ordinary Shares held by RongDe be repurchased by the Company in consideration of and out of the proceeds of the Company’s new issuance of 54,790,000 Class B Ordinary Shares to RongDe.

(v) Resolved as an ordinary resolution, that the Extraordinary General Meeting be adjourned to a later date or dates, if necessary.

About Jianzhi Education Technology Group Company Limited

Headquartered in Beijing and established in 2011, Jianzhi is a leading provider of digital educational content in China and has been committed to developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. Jianzhi started operations by providing educational content products and IT services to higher education institutions. Jianzhi also provides products to individual customers. Leveraging its strong capabilities in developing proprietary professional development training content and success in consolidating educational content resources within the industry, Jianzhi has successfully built up a comprehensive, multi-dimensional digital educational content database which offers a wide range of professional development products. Jianzhi embed proprietary digital education content into the self-developed online learning platforms, which are provided to a wide range of customers through its omni-channel sales system. Jianzhi is also fully committed to the digitalization and informatization of the education sector in China. For more information, please visit: www.jianzhi-jiaoyu.com

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements 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. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.