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Baidu Announces Pricing of CNY10 Billion CNY-denominated Senior Notes

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BEIJING, March 6, 2025 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced the pricing of its offering of CNY10 billion aggregate principal amount of CNY-denominated senior unsecured notes (the “Notes”). The Notes were offered in offshore transactions outside the United States to certain non-U.S. persons (the “Notes Offering”) in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”). 

The Notes Offering consists of CNY7.5 billion of 2.70% notes due 2030 and CNY2.5 billion of 3.00% notes due 2035. The Company expects to close the Notes Offering on or about March 12, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the Notes Offering for general corporate purposes, including repayment of certain existing indebtedness, payment of interest and general corporate purposes.

The Notes have not been and will not be registered under the Securities Act or any state securities laws. They may not be offered or sold in the United States or to, or for the account or benefits of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The Notes are expected to be listed on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offering of securities will be made by means of one or more offering documents, which will contain detailed material information about the Company and its operational and financial performance.

This announcement contains information about the pending Notes Offering, and there can be no assurance that the Notes Offering will be completed.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under 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,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the SEC, in announcements made on the website of the Hong Kong Stock Exchange, 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 but not limited to statements about Baidu’s beliefs 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 statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the SEC, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this announcement is as of the date of the announcement, and Baidu undertakes no duty to update such information, except as required under applicable law.

FinTags Empowers Malaysian Accounting Firms with XBRL Solutions for MBRS 2.0 Compliance

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Advertorial Desk
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KUALA LUMPUR, Malaysia, March 6, 2025 /PRNewswire/ — FinTags Sdn Bhd, Malaysia’s leading XBRL services provider, has introduced specialized XBRL solutions tailored for accounting firms navigating MBRS 2.0. These solutions streamline compliance, enhance accuracy, and improve efficiency, enabling firms to manage multiple client filings with ease.

With the expansion of SSM’s mandatory XBRL reporting, accounting firms face a surge in filings. FinTags’ platform allows firms to scale their digital reporting services without compromising compliance or increasing staff hours.

“Accounting firms are at the frontline of MBRS 2.0, managing complex client submissions under strict deadlines,” said Shobika, Senior Manager of Customer Success at FinTags. “Our solutions transform this challenge into an opportunity by significantly reducing preparation time and rejection rates.”

 Key Features of FinTags’ XBRL Solutions

  • Multi-Client Management Platform: A secure online Client Portal offers centralized control, role-based access, automated deadline tracking, and client-specific taxonomy mapping.
  • XBRL Libraries: Over 250 pre-validated, industry-specific templates compatible with MFRS and MPERS taxonomies, reducing tagging time by up to 65%.
  • White-Label Client Portal: Firms can offer branded XBRL services through customizable interfaces, enhancing their digital reporting capabilities.
  • Bulk Discounting Structure: Volume-based pricing increases profitability as service demand grows.

Proven Results for Accounting Firms

“Before FinTags, each XBRL filing required 15-20 hours and multiple reviews,” said Lee Wei Tan, Managing Partner at a Kuala Lumpur accounting firm. “Now, we complete filings in 4-6 hours with zero rejections, turning compliance into a high-margin service.”

Accounting firms using FinTags report:

  • 72% reduction in preparation time per filing
  • 98.9% first-time acceptance with SSM submissions
  • Expanded services to newly regulated sectors under MBRS 2.0

 FinTags XBRL Implementation Program for Accounting Firms

FinTags offers a specialized onboarding program, including:

  • Access to the secure online Client Portal
  • Workflow integration with existing accounting systems
  • Initial client portfolio setup and template creation
  • Dedicated account management and regulatory updates

“Accounting firms shouldn’t have to choose between scaling their XBRL practice and maintaining quality,” said Santhosh Wilson, Director – Service Delivery. “Our solutions ensure they achieve both.”

About FinTags

Founded in 2019, FinTags Sdn Bhd specializes in XBRL implementation, digital financial reporting, and regulatory compliance. Recognized by SSM BizTrust, FinTags partners with leading accounting firms across Malaysia and Singapore to drive digital transformation in financial reporting.

Media Contact:
Getsy Jenita
Email: marcom@fintags.com
Tel: +60 3-33101800
https://www.fintags.my

LAKESIDE HOLDING ANNOUNCES A CONVERTIBLE DEBT FINANCING OF UP TO $4.5 MILLION

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ITASCA, Ill., March 6, 2025 /PRNewswire/ — Lakeside Holding Limited (“Lakeside” or the “Company”) (Nasdaq: LSH), a U.S.-based cross-border supply chain solution provider with a unique focus on the Asia-Pacific market operating through two specialized subsidiaries—American Bear Logistics and Hupan Pharmaceutical (Hubei) Co., Ltd., today announced that it has entered into a securities purchase agreement with an institutional investor for the sale of senior secured 7% original issue discount convertible promissory notes ( “Notes”) in the principal amount of up to $4.5 million, with 40% warrant coverage, to be drawn in tranches, for gross proceeds of up to approximately $4.2 million.  

The Company plans to use the net proceeds when received from the offering for working capital purposes. On March 5, 2025, the initial closing of the first tranche occurred pursuant to which the Company sold a Note in the principal amount of $1,000,000 and warrants to 318,827 shares at an exercise price of $1.9098, for total gross proceeds, before deducting offerings fees and expenses, of $930,000. 

About Lakeside Holding Limited 

Lakeside Holding Limited is a U.S.-based cross-border supply chain solution provider with a unique focus on the Asia-Pacific market. Through two specialized subsidiaries—American Bear Logistics and Hupan Pharmaceutical (Hubei) Co., Ltd.—Lakeside delivers tailored logistics solutions spanning general and specialized sectors.  

American Bear Logistics, with strategic hubs in Chicago, Dallas, Los Angeles, and New York, offers customized cross-border ocean and airfreight solutions, connecting Asia-based logistics service companies and e-commerce platforms with the U.S. market.  

Lakeside recently acquired Hupan Pharmaceutical (Hubei) Co., Ltd., expanding its service scope and enhancing its pharmaceutical logistics and distribution capabilities within China. This strategic move underscores Lakeside’s commitment to advancing integrated cross-border logistics solutions. 

For more information, please visit https://lakeside-holding.com. The Company routinely updates important information on its website. 

Safe Harbor Statement 

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements. 

Investor Relations Contact:   

Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com 

 

CNOOC Limited Achieves Major Breakthrough in the Exploration of Buried Hills in the Beibu Gulf Basin

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HONG KONG, March 6, 2025 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that it has made a major breakthrough in the exploration of Paleozoic buried hills in the Beibu Gulf Basin.

The Weizhou 10-5 oil and gas field is located in the Beibu Gulf of the South China Sea, with an average water depth of about 37 meters. Exploration well WZ10-5-1Sa encountered an oil and gas pay zone of 283 meters, with a total drilled depth of approximately 4,840 meters. The test results indicate that the well produces approximately 13.2 million cubic feet of natural gas and about 800 barrels of crude oil per day. It marks a major breakthrough in natural gas exploration in the granite buried hills in the Beibu Gulf Basin.

Mr. Xu Changgui, the Chief Geologist of the Company, said, “The Weixinan Sag in the Beibu Gulf Basin is one of the most explored sags offshore China. In recent years, the Company has been researching on the reservoir formation theories of the complex buried hills and the relevant technologies needed. The breakthrough in the exploration of Paleozoic granite buried hills reveals the vast exploration prospects of the buried hills in the Beibu Gulf Basin. It will also provide guidance for exploration in similar fields offshore China.”

Mr. Zhou Xinhuai, the Chief Executive Officer of the Company, said, “In recent years, the Company has made large and medium-sized oil and gas discoveries in various types of buried hills offshore China, which have been further expanding the Company’s oil and gas resource base. The discovery in the Beibu Gulf Basin will help to stabilize energy supply and continuously contribute to the economic and social development.”

— End —

Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com.

*** *** *** ***

This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company’s expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company’s price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

*** *** *** ***

For further enquiries, please contact:

Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441 
E-mail: mr@cnooc.com.cn 

Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com

We Are Enough® Launches the 3.3.3 Challenge: A Global Movement Empowering Women Through Investing in Women

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Advertorial Desk
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Venture Capitalist Tracy Gray Aims to Address Women’s Wealth Gap and Access to Capital

LOS ANGELES, March 6, 2025 /PRNewswire/ — We Are Enough (WAE), a nonprofit, launches the first of its kind initiative, the 3.3.3 Challenge: inspire 3 million women to commit to invest 3 billion dollars over 3 years, with a “gender lens” (investing in women-led/owned businesses or with gender-based factors) to grow their wealth, match their values and create the world they want to see.

We Are Enough’s website, weareenough.biz, provides women with the tools and knowledge to begin investing through WAE’s northstar investment platform. northstar identifies companies and investment products that meet Gender Lens Investing (GLI) requirements where women can invest now. If women want to learn investment terms or research investment sources, We Are Enough’s dollar and sense education portal gives women all the tools and information they need to invest with confidence. By aligning financial decisions with personal values, women can enhance their prosperity and drive positive change in areas such as gender and racial equality, education, gender-based violence, and climate action.

“We Are Enough is undertaking this ambitious campaign to educate women why they should invest in women-led and women-owned businesses or with a gender lens,” said Tracy Gray, venture capitalist and We Are Enough’s founder. “The benefits from investing with a gender lens include employee satisfaction, recruiting a diverse talent force, promoting innovation and avoiding reputational risk.1 Women-led businesses typically outperform males in EVERY measure of profitability.2 So, we women, at every economic level, need to be a bit sexist with investment capital and invest in women-owned and led businesses. The path to changing the world for everyone is through women and our wallets.”

We Are Enough believes this is an opportune time to introduce the 3.3.3 Challenge. By 2030, women are expected to control $34 trillion in financial assets. Widowed women and their daughters are expected to inherit roughly $40 trillion between 2024 and 2048. Fueled by inheritance, longer life expectancies and rising career earnings, this transition is more than just a financial event — it’s an opportunity for women to shape the future of wealth, philanthropy and especially investment in women-owned and women-led businesses. Consequently, women are more likely to create enterprises addressing social concerns like education, healthcare and alleviating poverty. Through this great wealth transfer, We Are Enough is committed to narrowing the gender wealth gap and creating equitable communities. We Are Enough plans to achieve this through educational initiatives, community engagement and advocacy.

“With 75% of discretionary spending being within women’s control, the current landscape offers an unprecedented opportunity for impactful investment decisions,3” said Vanessa Gray, Executive Director, We Are Enough. “We are issuing a call to action to all women of every social and economic level to be less risk averse, go beyond philanthropy, be comfortable with building wealth and move some of those dollars into for-profit businesses led by women.”

We Are Enough is supported by grants given by Nasdaq Foundation, Pivotal, JPMC, Marc Benioff and Lynne Benioff Salesforce Foundation, Wells Fargo Foundation, Wallace Global Fund, Nia Capital, American Endowment Foundation and Tara Health Foundation.

To kick off the revolutionary 3.3.3 Challenge, We Are Enough invites women everywhere to join the movement. For more information about We Are Enough and to get involved, visit weareenough.biz.

About We Are Enough
We Are Enough is a nonprofit that educates women globally of all economic levels on WHY and HOW to invest in women-owned/led businesses and/or using a gender lens.
For more information to join the 3.3.3 Challenge visit: weareenough.biz.

MEDIA CONTACT:
Vanessa Gray media@weareenough.biz

1https://www.morganstanley.com/articles/gender-diversity 

2According to a study by the Boston Consulting Group, the statistic that supports the claim that women-led businesses often outperform male-led businesses is that for every dollar of investment, female-founded startups generate around 78 cents in revenue, compared to only 31 cents generated by male-founded startups; essentially indicating significantly higher profitability for women-led businesses.

3https://www.nielsen.com/insights/2020/wise-up-to-women/ 

 

Fleet Space Unveils New Global Headquarters & Space Tech Hyper Factory at Adelaide Airport

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ADELAIDE, Australia, March 6, 2025 /PRNewswire/ — Fleet Space Technologies, Australia’s leading space exploration company, announced the construction of its new global headquarters and hyper factory for next-gen space and climate technologies at the Adelaide Airport. This state-of-the-art facility will enable Fleet Space to accelerate the production of its pioneering space technologies and scale its end-to-end exploration platform, powered by space and AI, ExoSphere.

Fleet Space's New GHQ & Space Tech Hyper Factory
Fleet Space’s New GHQ & Space Tech Hyper Factory

The new global headquarters – ‘GHQ’ – will feature advanced manufacturing and data center technologies, enabling production capacity for thousands of Fleet Space’s patented smart sensors and hundreds of satellites annually, with room to create hundreds of new jobs in South Australia. GHQ will also form the basis for Fleet Space’s exploration-focused AI supercomputer, ExoCore – establishing South Australia on the forefront of global AI innovation working to make the discovery of energy transition minerals faster and more sustainable.

2025: Fleet Space’s Ten Year Anniversary
“Today marks a significant leap into the future for Fleet Space and Australian innovation, as we continue our mission to build revolutionary frontier technologies that address the dual challenges of climate change and space exploration, from the heart of South Australia. What began as a bold vision ten years ago when we founded Fleet Space has grown into a global force transforming the future of exploration on Earth and beyond,” said Co-Founder & CEO, Flavia Tata Nardini.

“The tremendous evolution of Australia’s innovation ecosystem charts a clear path for Australia’s ascendancy in space, climate technologies, and artificial intelligence. With our new GHQ at Adelaide Airport, we’re strategically positioned to continue our exponential growth and development of cutting-edge technologies, paving the way for a more sustainable future on Earth, while furthering humanity’s exploration of new worlds.”

Global Hub: Space & Climate Innovation
Optimised to drive new-to-world innovation by fusing the latest advances in space, climate, and AI technologies, Fleet Space’s GHQ and hyper factory represents a hybrid manufacturing model for frontier technologies needed to achieve decarbonisation and net-zero targets. Fleet Space’s GHQ will house the company’s research and development labs, 3D printing technologies, data center infrastructure, and central operations for the company’s satellite network in low Earth orbit and its end-to-end mineral exploration platform, ExoSphere.

Used by over 40 leading exploration companies – like Rio Tinto, Barrick, Gold Fields, and Ma’aden – to survey for energy transition minerals across five continents, global service capacity for ExoSphere will be further enhanced by GHQ, in addition to Fleet Space’s partnerships with companies like Koloma to accelerate development of renewable, zero-carbon energy sources. The unveiling of Fleet Space’s GHQ follows its acquisition of HiSeis, the world’s leading provider of active seismic exploration technology to the minerals industry, reinforcing its mission to unite breakthrough technologies for faster, more sustainable, data-driven mineral discovery.

“GHQ is the forerunner for the next-gen manufacturing model needed to unlock and scale the space, climate, and AI-powered technologies our planet needs to get back on track for net-zero,” said Chief Exploration Officer, Matt Pearson. “The powerful new capabilities emerging from a deep convergence of frontier technologies in space, climate, and AI are foundational to achieving our clean energy future. Getting there requires a vertically integrated manufacturing model optimised for the rapid advances in these technologies. GHQ is Fleet Space’s bold first step, and we hope industries around the world pursue similar models to support the innovation needed for our decarbonised future.”

Frontier Technology Incubator
This new 5,300 m2+ facility will enable Fleet Space to accelerate the vertical integration of its business with supply chain, design, manufacturing, operations, engineering and R&D unified within a purpose-built, high-tech facility. In this environment, Fleet Space’s renowned team of engineers, scientists, and innovators will be able to collaborate and take the company’s global impact in space and mineral discovery to new heights. 

In 2026, Fleet Space’s lunar exploration technology – SPIDER – will be deployed on the Moon to search for water ice as part of Firefly Aerospace’s Blue Ghost Mission 2: the first Australian-borne technology to be used on the lunar surface. In January, Fleet Space was awarded a Moon to Mars Supply Chain Grant from the Australian Government to develop advanced gravity sensing capabilities to accelerate exploration on the Moon and Mars. On SpaceX’s Bandwagon-1 and Transporter-12 missions, Fleet Space launched its most advanced exploration satellites – Centauri VI, VII, VIII – to support the expansion of ExoSphere’s end-to-end capabilities on Earth.

Adelaide Airport: Catalyst Park
“We’re proud to welcome Fleet Space to Catalyst Park at Adelaide Airport and to be developing their new global headquarters and hyper factory to meet their specific needs,” said Adelaide Airport Managing Director, Brenton Cox. “As the developer of this state-of-the-art facility, we’re excited to support a pioneering South Australian company at the forefront of space and exploration technologies.”

“This project underscores Adelaide Airport’s commitment to driving innovation and growth with our business partners. With Catalyst Park continuing to expand, Fleet Space is precisely the forward-thinking, dynamic type of business that can take advantage of the unique opportunities Adelaide Airport has to offer.”

Center of Leading-Edge Science
Fleet Space’s new headquarters at the Adelaide Airport bolsters South Australia as the national center of Australia’s space industry. After years of exponential growth – including a AUD$150M Series D funding round led by Canada’s Teachers’ Venture Growth (TVG), more than doubling the company’s valuation to AUD$800M – Fleet Space regularly convenes and works alongside global space leaders, technologists, scientists, and explorers from around the world. In collaboration with MIT Media Lab’s Space Exploration Initiative, Fleet Space helped to advance off-world research needed for the planning of future missions to the Moon, Mars, and beyond, while partnering with Stanford University’s Mineral-X on critical research into paths to decarbonise the mineral supply chain with space-enabled technologies.

GHQ will also help to facilitate the expansion of Fleet Space’s STEM program with the development of a groundbreaking national STEM initiative – LaunchBox – providing expert-guided lessons for teachers and students to build educational satellites, bringing applied STEM knowledge and real-world experience to secondary students across Australia. Building on its deep relationships with the global science community, GHQ will scale Fleet Space’s ability to attract talent and gather leading-edge experts in space, exploration, and emerging technologies, advancing South Australia’s robust culture of innovation and collaboration.

About Fleet Space Technologies
Fleet Space Technologies, Australia’s leading space exploration company, is revolutionizing critical mineral discovery with its end-to-end mineral exploration solution, ExoSphere, which combines satellite connectivity, 3D multiphysics, and AI to image mineral systems in real-time. Over 40 leading exploration companies like Rio Tinto, Barrick, Gold Fields, and Ma’aden have used ExoSphere’s real-time 3D subsurface imaging on projects across five continents. In 2024, Fleet Space was recognised as the winner of the Innovation category at the Mining Technology Excellence Awards and received the Climate Impact Technology Award by the Banksia Foundation.To learn more about ExoSphere, please reach out to the Fleet Space team here.

Centauri VII & VIII satellites launched on SpaceX Transporter 12 mission | Image credit: SpaceX
Centauri VII & VIII satellites launched on SpaceX Transporter 12 mission | Image credit: SpaceX

 

Flavia Tata Nardini (CEO, Co-Founder), Matt Pearson (CXO, Co-Founder), Federico Tata Nardini (CFO, Chief Strategy & Investment Officer), Robyn Clay, (COO)
Flavia Tata Nardini (CEO, Co-Founder), Matt Pearson (CXO, Co-Founder), Federico Tata Nardini (CFO, Chief Strategy & Investment Officer), Robyn Clay, (COO)

 

Photo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_ghq_space_tech_hyper_factory.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_centauri_vii_viii_satellites.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_c_level_personnel.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2025/03/fleet_space_logo.jpg

OKX Australia Appoints Ex NAB Exec and Zodia Custody CEO, Kate Cooper, as CEO

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SYDNEY, March 6, 2025 /PRNewswire/ — OKX Australia, the Australia arm of a leading cryptocurrency platform and onchain technology company OKX, has named banking and crypto veteran Kate Cooper its Chief Executive Officer (CEO).

Cooper brings with her over 20 years’ global experience at the intersection of technology, strategy and leadership in multiple executive roles at national and international financial services heavyweights.

As Head of APAC and Australia CEO for Zodia Custody, a crypto tokens storage company for institutional investors, Cooper led the regional growth of the firm.

As Executive, Digital Assets at National Australia Bank (NAB), Cooper played an instrumental role in shaping the bank’s digital asset strategy and broader digital innovation initiatives. Cooper was also Head of Innovation at Westpac from 2016 to 2020 and is currently a board member of the Digital Economy Council of Australia (DECA).

In her new role as OKX Australia CEO, Cooper will be responsible for business growth and expansion in Australia, where the platform has seen monthly trading volumes quadruple since July 2024.

Since its May 2024 launch, OKX Australia has established itself as a key player in the local crypto market, offering 511 crypto pairs and more than 285 tokens, including newly introduced SOL/AUD and XRP/AUD trading pairs, alongside advanced features like Recurring Buy functionality.

Cooper will lead local operations, product development and sales teams as OKX continues to strengthen its position as one of the largest global platforms offering direct AUD deposits and withdrawals for Aussie customers.

OKX Australia CEO Kate Cooper said: “The Australian crypto market is at an inflection point, with investors demanding more accessible, secure and regulated trading solutions. I’m excited to join OKX at this pivotal moment. Our comprehensive product suite, institutional-grade security and deep liquidity set us apart as we build the future of digital asset trading in Australia. I look forward to working with our talented team to deliver innovative solutions that meet the needs of Australian investors.”

The OKX platform is registered with AUSTRAC for spot trading and holds an Australia Financial Services (AFS) license issued by ASIC to currently offer derivatives trading for verified wholesale clients*.

For further information, please contact:
Media@okx.com

*Derivatives and margin related products and services will be provided to verified wholesale clients only by OKX Australia Financial Pty Ltd, provided that they pass a suitability assessment and meet the definition of a wholesale client as set out in the Corporations Act 2001 (Cth)

About OKX Australia
OKX Australia is a technology company with a mission to make blockchain-based assets more accessible. Our pursuit takes us to a decentralized future that makes our world more efficient, transparent and connected.

OKX began as a crypto exchange giving millions of people access to trading and over time became among the largest platforms in the world. In recent years, we have developed one of the most connected onchain wallets used by millions to access decentralized applications (dApps).

OKX is trusted by hundreds of large institutions seeking access to crypto markets on a reliable platform that seamlessly connects with global banking and payments.

Our most well-known products include: OKX Exchange, OKX Wallet, OKX Explorer, OKX OS, OKX Ventures and OKX Institutional. To learn more about OKX, download our app or visit: okx.com

Disclaimer
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service – Australia). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. Crypto trading can be high risk. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance – never risk more than you are prepared to lose. Read OKX’s Terms of Service – Australia for more information.

HTX Rolls Out USDT Deposits for USDD Flexible Earn with Stable 12% APY

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SINGAPORE, March 6, 2025 /PRNewswire/ — Recent market volatility, triggered by significant corrections in major assets such as Bitcoin and Ethereum, leads to heightened investor anxiety. Following these corrections, a pro-crypto endorsement from Donald Trump on X (formerly Twitter) injected renewed market speculation, amplifying price fluctuations and short-term trading activity. Faced with persistent high volatility, discerning capital seeks secure avenues to preserve assets and generate reliable returns.

As an alternative to high-risk, leveraged short-term trading, HTX’s USDD Flexible Earn product delivers a stable investment solution. Investors can secure a consistent 12% Annual Percentage Yield (APY), irrespective of market volatility, with hourly compounding providing transparent asset growth.

HTX Upgrades USDD Flexible Earn with 12% APY

USDD 2.0, launched on TRON on January 25, 2025, is a decentralized stablecoin backed by a multi-layered security and risk management system. By implementing overcollateralization, liquidations and auctions, a Peg Stability Module (PSM), and decentralized governance, USDD maintains a 1:1 peg to the U.S. dollar while mitigating  volatility risks. According to Justin Sun’s tweet data: “As of now, over $180 million USDT is available in the contract for conversion with USDD. The total USDD minted is over $200 million.” (USDD data available at https://usdd.io/data).

HTX has enhanced its USDD Flexible Earn product, officially enabling USDT-based subscriptions. Users can use USDT to subscribe to the product at a 1:1 conversion ratio with zero slippage. Following the conclusion of a promotional 20% APY period, the standard yield for USDD Flexible Earn is established at 12% APY, still significantly outpacing similar stablecoin products in the market. With hourly compounding and flexible redemptions, investors can secure  stable passive income, regardless of market fluctuations.

Why HTX’s USDD Flexible Earn?

High Yields: 12% APY outperforms industry benchmarks for stablecoin passive income products.

Zero Slippage Conversion: Seamless USDT subscription at a 1:1 ratio.

Instant Liquidity: Subscribe and redeem anytime, with hourly compounding.

Benefit: Individual subscription quota as high as 10 million USDD, allowing for large-scale earning potential.

Institutional-Grade Security: 12 years of secure platform operations with over 10 million global users, ensuring a safe and stable yield experience.

How to Participate?

To get started with USDD Flexible Earn, you need the HTX app version 10.44.0 or above or visit HTX’s official website. Navigate to “Earn”, choose USDD Flexible, and use Spot USDT as your funding source. Enter the desired amount and confirm. Earnings accrue hourly and are automatically reinvested, with redemption available at any time.

More Ways to Earn: HTX’s Diverse Passive Income Solutions

In the dynamic crypto market, no one can accurately predict the next big move. HTX provides a diverse portfolio of high-yield investment products, including XCN Flexible (20% APY), USDT Flexible (10% APY), and 7-day Fixed for BTC, ETH, and USDT (10% APY). This comprehensive offering allows users to generate passive income across various market conditions. 

As a global leader in digital asset trading, HTX is committed to optimizing user investment experiences, offering high-yield, secure, and stable earning products. Moving forward, HTX will continue launching innovative passive income solutions, empowering users worldwide to navigate crypto markets with confidence and financial security.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.

For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact glo-media@htx-inc.com.

Contact Details
Ruder Finn Asia 
htx@ruderfinn.com

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