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Baijiayun Announces Plan to Invest Tens of Millions of Dollars Over Five Years to Build New Ecosystem for Autism Rehabilitation

BEIJING, April 25, 2025 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (NASDAQ: RTC), a one-stop AI video solution provider, announced a Letter to Investors, in which Baijiayun CEO Mr. Yi Ma stated that following its partnership with Xinlantian, the company plans to invest tens of millions of dollars over the next five years to establish new ecosystem for autism rehabilitation.

Baijiayun CEO Mr. Yi Ma stated that over the past decade, Baijiayun has continuously deepened its presence in the education sector, possessing a strong technological moat and ecological synergy. Leveraging its experience and advantages in technological research and development, platform construction, and market operations, Baijiayun is confident in achieving significant results in the field of autism rehabilitation, creating new growth points for the company’s performance, bringing new possibilities for more “children of the stars” in the field of special education, and achieving a win-win situation for both corporate and social values.

According to data from the 2023 China Disability Census Report, the number of autistic patients in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue.

The full text of the open letter is as follows:

Letter to Investors: Explanation and Prospects on Partnerships in the Field of Autism Rehabilitation

Dear Investors and Partners,

Firstly, we sincerely thank you for your continued attention and support for our company. Last week, after the company announced its in-depth collaboration with Xinlantian in the field of autism rehabilitation, we received enthusiastic encouragement and valuable suggestions from investors, partners, and various sectors of society. And a large number of positive discussions emerged on social media platforms.

We understand that this attention stems from the deep expectations of investors and various sectors of society regarding technology empowering social issues. We feel a great social responsibility for this and therefore wish to interpret the motivations, planning, and future actions of the partnership, and we looking forward to witnessing the long-term value of this cause with you.

Background and Opportunities for the Company’s In-Depth Exploration of the Autism Field

Autism, as a neurodevelopmental disorder, is increasingly becoming a global public health concern. According to relevant data, the global incidence of autism is on the rise year by year.

According to data from the 2023 China Disability Census Report, the number of individuals with autism in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue.

At the same time, society’s acceptance and awareness of children with autism remain low, and many public places lack special facilities and services for them. Such a large patient population not only imposes a heavy mental and economic burden on families but also has a profound impact on social development.

The growing population of individuals with autism lacks corresponding relief pathways. On the one hand, there is an insufficient number of professional child rehabilitation institutions, especially in grassroots and rural areas. On the other hand, among existing rehabilitation institutions, there are significant differences in service levels and treatment outcomes. Due to technological and personnel quality limitations, some institutions struggle to provide high-quality rehabilitation plans that meet the individual needs of children.

In addition to the relative scarcity of quality rehabilitation services, high rehabilitation costs, limited training resources, and inconsistent training programs also place a heavy burden on many families. Many “children of the stars” thus miss the best intervention opportunities due to ignorance or helplessness.

Care for vulnerable groups and marginalized populations often reflects the level of civilization in a society. The issue of autism urgently needs more attention and emphasis from various sectors of society.

As a US-listed company, we have always believed that enterprises are not only entities pursuing economic interests but should also shoulder social responsibilities. Children with autism, as a vulnerable group in society, their growth and development are related to the happiness and future of countless families. By engaging in the field of autism rehabilitation, we hope to use our technological advantages to light up a beacon of hope for these children, help them approach the life state of normal children as much as possible, and integrate into society. This is not only a feedback to society but also our mission as an enterprise.

Founded in 2014, Xinlantian has deep professional expertise in the field of rehabilitation training for children with autism. It has not only meticulously crafted a mature and comprehensive training system for children with autism, covering curriculum development and textbook research, but also established a comprehensive teacher and parent education and training system. Xinlantian’s independently developed “Targeted Neural Training Method” has achieved remarkable results after years of practical verification. This method targets the neurodevelopmental characteristics of children with autism and effectively improves their language expression and social interaction abilities through scientific training methods.

The partnership between Baijiayun and Xinlantian aims to use products and AI technology to enter this challenging field, empower autism rehabilitation services, help more “children from the stars” live like normal children, and enable more individuals with autism and their families to lead better lives.

Why can Baijiayun shoulder this mission? The answer lies in our technological moat and ecological synergy. Over the past decade, Baijiayun has continuously deepened its presence in the education sector, providing users with comprehensive audio-visual solutions centered around knowledge dissemination and educational service delivery, serving tens of thousands of online education enterprises and public schools. The rehabilitation training of children with autism is actually a highly personalized one-on-one scenario, which coincides with Baijiayun’s advantages in online teaching and the integration of online and offline products. With the continuous development of AI technology, Baijiayun has also continuously deepened its application in the field of educational technology, developing multiple AI products, intelligent agents, and technical tools, converting technological potential into educational effectiveness, and facilitating the realization of large-scale personalized teaching. Professional fields require vertical deepening, and these experiences and products can also be applied in the field of special education, bringing new possibilities for more children of the stars.

In the AI era, we can better bridge the characteristics and limitations between personalization and scalability in traditional education, which are like the two ends of a scale, making “scalable and personalized teaching and learning” possible. Regarding the measure of Baijiayun’s layout in the field of special education, Li Haoying, the current Vice President of the Education Innovation and Evaluation Branch of the Chinese Society for Futures Studies, stated: Achieving personalized rehabilitation training through technological means will greatly enhance rehabilitation outcomes and bring new hope to children with autism and their families. Their efforts are expected to help millions of individuals with autism lead happier and more dignified lives, alleviate societal burdens, and promote harmonious social development.

Future Development Plans

We fully understand investors’ attention on direction focus, business implementation feasibility, and return cycles. Here, we announce that the company will invest tens of millions of dollars over five years to build new ecosystem for autism rehabilitation, hoping to showcase our determination and efforts in deepening our work.

Firstly, Baijiayun will continuously increase investment in technological research and development, further refine the intelligent diagnostic assistance platform, and promote the application of new technologies such as AI large models and VR in the field of autism rehabilitation. Combining Baijiayun’s previous technological achievements, the company will deeply explore and develop an intelligent diagnostic assistance platform focused on the field of autism rehabilitation. Through big data analysis and machine learning algorithms, it will thoroughly analyze the specific symptoms and past training records of each child with autism, accurately generating personalized rehabilitation training plans. For example, if the platform data analysis finds that a child is making slow progress in language training, the system will automatically increase the duration and intensity of relevant training content or adjust the training methods to ensure that each child receives the most effective rehabilitation training in the shortest time possible.

Secondly, Baijiayun will allocate these funds to the development of standardized curriculum systems, the construction of professional teacher training systems, the output of clinical intervention methodologies, and the digital adaptation of service processes. A scientific and systematic curriculum system is the cornerstone of rehabilitation training. In curriculum and service system construction, Baijiayun will collaborate with Xinlantian’s professional team to develop standardized curricula based on the different developmental stages and symptom characteristics of children with autism, ensuring that rehabilitation training in different regions and institutions adheres to unified high-quality standards. At the same time, it will strengthen professional training for rehabilitation trainers, enhance their professional skills, and ensure that every trainer can proficiently apply advanced intervention methods.

Finally, Baijiayun plans to empower rehabilitation institutions and establish standardized models through the integration of “technology + service.” Over the past decade, Baijiayun has deepened its presence in the field of AI and audio-visual technology, being the most knowledgeable AI application service provider in education. Our one-stop products and services can fully support the construction of digital platforms, covering aspects such as store management, service process optimization, traffic distribution, AI tools, and data platforms. With the SaaS system, Baijiayun plans to subsequently output mature standards to more regions, providing franchisors with comprehensive empowerment including brand support, technical training, and operational guidance.

From a market perspective, the autism rehabilitation market size is showing explosive growth trends. Data shows that the global autism spectrum disorder market size was approximately $6.94 billion in 2024 and is expected to reach $13.14 billion by 2033, with a compound annual growth rate (CAGR) of 8.5% from 2024 to 2033. In China, with the continuous improvement of society’s awareness of autism and the growing demand for rehabilitation training from families, the autism rehabilitation market size is expected to reach hundreds of billions of yuan level.

Such a vast market size provides us with broad development space. Leveraging our experience and advantages in technological research and development, platform construction, and market operations, we are confident in achieving significant results in this field, creating new growth points for the company’s performance, and achieving a win-win situation for both corporate and social values.

Lastly, we would like to thank all investors again for their trust and support in us. We believe that the true value of an enterprise lies in solving social problems through commercial methods and promoting social progress with professional capabilities. Although we are well aware that there will be many challenges on the road to exploring the field of autism rehabilitation, we are confident and determined to overcome difficulties and achieve our goals.

We will continue to pay attention to the feedback and suggestions from partners. We firmly believe that by moving forward together, we will surely be able to create a brighter future!

Investor Relations Department

April 24, 2025

About Baijiayun Group Ltd 

Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com.

Safe Harbor Statement

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties’ perspectives and expectations, are forward-looking statements. The words “will,” “expect,” “believe,” “estimate,” “intend,” and “plan” and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company’s estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change.

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com

 

State Grid Xinjiang Information & Telecommunication Company has successfully completed a specialized project designed to enhance the power supply capabilities of its information computer rooms

URUMQI, China, April 25, 2025 /PRNewswire/ — Through systematic upgrades, State Grid Xinjiang Information & Telecommunication Company has significantly improved the reliability of its power supply system, laying a robust foundation for digital transformation.

With the continuous expansion of business systems, the power demand for computer room operations has surged, posing potential risks of overload to the existing power supply infrastructure. To address this challenge, the company established a dedicated technical team focused on core indicators such as cabinet power consumption, uninterruptible power supply (UPS) configuration, and battery health. Using high-precision internal resistance testers, technicians conducted comprehensive assessments of all batteries and optimized the operational parameters of the UPS hosts, achieving an 18.6% increase in system efficiency.

To mitigate the issue of excessive power consumption in individual cabinets, the team innovatively implemented a “dynamic load allocation + intelligent PDU management” model. By migrating and reconfiguring equipment while leveraging intelligent power distribution strategies, the power consumption of individual cabinets was reduced by 21%. Following the renovation, the overall power supply margin of the computer rooms increased to 40%, and the backup power supply’s sustainable operation time was extended by 35%. During this process, a total of 12 potential hazards were identified and rectified, including issues such as aging cables and suboptimal grounding. Additionally, an equipment health record management system was established to ensure ongoing monitoring and maintenance.

This renovation effort incorporated advanced digital twin technology to construct a three-dimensional visualization monitoring platform, enabling real-time status perception and early warning of anomalies in the power supply system. As a result, intelligent monitoring coverage for core computer rooms has been fully realized, with fault location efficiency reaching the minute level. The company also enhanced its emergency response plan system, conducting six scenario-based drills, including dual power supply switching, which reduced system recovery times to industry-leading levels. 

Looking ahead, the company plans to deepen the application of intelligent operation and maintenance systems for computer rooms. Within the year, it aims to complete standardized renovations for 14 node computer rooms across Xinjiang and establish a three-tiered guarantee mechanism encompassing “prevention, early warning, and rapid response.” This initiative will provide highly reliable digital infrastructure support for the development of the new power system.

Witnessing the Future of Smart Living: Midea Group Hosts International Media at Global HQ

FOSHAN, China, April 25, 2025 /PRNewswire/ — The Midea Group welcomed a delegation of international tech media journalists to its global headquarters today for an exclusive tour of the Midea smart home innovations. The visit offered these journalists a first-hand look at the latest smart home integrations and cutting-edge air conditioning technology from Midea.

The tour included product displays, a tour of production facilities, and an open discussion with the visiting journalists. Midea has put sustainability at the forefront of its smart home innovations, and these energy saving features were on full display.

Beginning in Midea 08 Space showroom, the group was welcomed by a waving robotic arm from KUKA, a global leader in intelligent automation solutions from Germany that was acquired by Midea in 2016. Also in 08 Space showroom, the group was introduced to the group’s brand matrix, including Midea, Little Swan, Toshiba, WAHIN, COLMO, Eureka and more along with their full line of smart home appliances with advanced automated functions including air conditioners, refrigerators, washing machines, air conditioners, and more. This quickly showcased the global scale of Midea’s innovation, production, and market presence.

Dr. Roosevelt Xing, Head of Overseas Product R&D at Midea, highlighted the company’s latest innovations from its Residential Air Conditioner Division—a key global product line driving industry leadership. Among the featured products was the EVOX G3 All-Climate Heat Pump, which leverages advanced energy-saving technology to deliver superior and reliable heating and cooling even in extreme conditions. Also showcased was the PortaSplit, a cutting-edge cooling solution designed for the European market, reflecting Midea’s commitment to engineering products that meet real-world user needs. “These products don’t just provide comfort—they do so efficiently and sustainably, thanks to the advanced technologies we’ve developed at Midea,” said Dr. Xing.

Throughout the visit, Midea executives provided context on how these innovations reflect the company’s broader strategy for a more sustainable future that’s healthier, more convenient, and connected. Even the lunch break at the Midea cafeteria featured advanced automation and intelligent features for serving food.

These innovations are largely due to Midea’s significant R&D investments around the world. Backed by over $14 billion in global R&D spending in the past 10 years, Midea has built one of the strongest innovation engines in the industry. At its core is the Midea Corporate Research Center, located at its headquarters and established in 2014 as Midea’s top research center focusing on strategic, cutting-edge technology to drive industry leadership.

This innovation has led Midea to develop smart home devices that cover the entirety of the home setting. This is on display at Midea Smart Home Innovation Center that replicates the interior of a home fully connected with over 600 smart home devices. Connected through the centralized smart hub, all of the home’s lights, curtains, sensors, and appliances can be centrally controlled while feeding data back into the system for customized automation. This system also integrates an advanced LLM, that allows for logical reasoning, even providing the ability to answer verbal questions and how to operate the system.

Dr. Shang Zhe, General Manager of Smart Home Business further discussed with the group about how these smart home devices and their connectivity have allowed for significant energy savings and reductions in waste. “We design our systems so that technology adapts to people’s lives – not the other way around. The goal is to make smart living intuitive and genuinely helpful, whether through voice-activated scenes or seamless device integration,” he explained.

The tour was part of Shenzhen Global Connect Innovation Week, a technology showcase event organized by iMpact, a communications and business consulting firm helping global companies localize their operations in key markets.

A shared excitement about Midea’s roadmap for the future wrapped up the tour. From intelligent air purification and all-climate heat pumps to holistic smart home ecosystems, Midea demonstrated how it is transforming modern living through innovation. As the company continues to fuse advanced technology with everyday applications, it reaffirms its vision of smart, sustainable living for households worldwide, a future where home life is more convenient, connected, and eco-friendly.

About Midea

The Midea Group, with the vision of “bringing great innovations to life”, has upheld the philosophy of creating a better life through technology since its establishment. Based on 57 years’ of development, Midea has evolved into an international tech-leading company which specializes in six major businesses including Smart Home Business, Industrial Technologies, Building Technologies, Robotics &Automation, Smart Healthcare and Smart Logistics. Over the past 10 years, over RMB 100 billion (USD 14 billion) has been invested in R&D, with 38 R&D centers and 44 major production bases in the world. At present, Midea’s products and services have served more than 500 million customers in over 200 countries and regions. It further forms a brand matrix covering Midea, Little Swan, Toshiba, WAHIN, COLMO, Clivet, Eureka, KUKA, GMCC, Welling, LINVOL, and Wandong.

Contact:
Lori Luo
luory17@midea.com

TUMI RELEASES LIMITED-EDITION 50TH ANNIVERSARY GOLD COLLECTION

The brand unveils a limited production of 250 iconic 19 Degree pieces in Bullion Gold to celebrate their milestone golden anniversary.

NEW YORK, April 25, 2025 /PRNewswire/ — Today, international travel and lifestyle brand TUMI releases a numbered, limited-edition capsule collection of gilded cases and accessories in celebration of its 50th golden anniversary.

TUMI 50th Anniversary Gold Collection Assortment
TUMI 50th Anniversary Gold Collection Assortment

“We wanted to do something truly special for our 50th anniversary,” says Creative Director Victor Sanz. “And what better way to celebrate than by taking our iconic 19 Degree design and giving it a bold, metallic gold twist? This ultra-limited-edition drop is all about celebrating where we’ve been—50 years of pushing boundaries in design and craftsmanship—and where we’re headed. It’s the perfect blend of innovation, style and celebration.”

The limited-edition collection features four silhouettes from the brand’s signature 19 Degree Aluminum collection—a Briefcase, International Carry-On, Watch Travel Case and Minaudiere—in celebratory Bullion Gold. Each radiant piece features an aircraft-grade aluminum shell with TUMI’s iconic 19 Degree contours and distinctive details—and comes finished with a 50th anniversary story patch that includes its unique edition number. Only 250 units of each silhouette are available worldwide, making these pieces covetable collectors’ items for TUMI enthusiasts.

Availability 

The collection will be available beginning at 9:00 AM EST on April 25 at TUMI.com. Prices for the limited-edition pieces range from $650 to $1995.

A curated selection of pieces will be offered in extremely limited quantities at the following TUMI retail locations in North America:Aventura Mall, Copley Place, Houston Galleria, Lenox Square, North Michigan Avenue, North Park Center, Rockefeller Center, Scottsdale Fashion Square, South Coast Plaza, Stanford Shopping Center, Tysons Galleria, and Yorkdale Shopping Center.

Select styles will also be available at TUMI flagship and retail stores globally, including locations across Asia, Europe, and Latin America. While door-level availability may vary, participating countries and regions include: Mainland China, Hong Kong SAR, India, Indonesia, Japan, Korea, Macau SAR, Malaysia, Middle East, Philippines, Singapore, Thailand, Vietnam, France, Germany, Italy, Netherlands, Spain, Switzerland, United Kingdom, Brazil, Mexico, and Panamá.

About TUMI
Since 1975, TUMI has been creating world-class business, travel, and performance luxury essentials, designed to upgrade, uncomplicate and beautify all aspects of life on the move. Blending flawless functionality with a spirit of ingenuity, we’re committed to empowering journeys as a lifelong partner to movers and makers in pursuit of their passions. For more about TUMI, visit TUMI.com and follow on Instagram, TikTok, Facebook, and YouTube.

TUMI and TUMI logo are registered trademarks of Tumi, Inc. © 2025 Tumi, Inc.

TUMI Media Contacts

Jerad Hulsejerad.hulse@tumi.com

 

NYSE Content Advisory: Pre-Market update + NYSE President congratulates new SEC Chair Paul Atkins

NEW YORK, April 25, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Yesterday, NYSE President Lynn Martin congratulated newly sworn-in SEC Chairman Paul Atkins, supporting his longstanding views on the markets.

 

NYSE Content Advisory: Pre-Market update + NYSE President congratulates new SEC Chair Paul Atkins

Kristen Scholer delivers the pre-market update on April 25th

  • In an article on LinkedIn, NYSE President Lynn Martin wrote that she looks forward to working closely with Atkins and others in Washington D.C. to “create an environment that ensures our capital markets remain the envy of the world.”
  • This week’s three-day stock rally is taking a pause early Friday. This comes after the S&P 500 gained 6.3% from Tuesday to Thursday.
  • As earnings season ramps up, Alphabet reported better than expected results after the market closed Thursday. Its shares jumped about 5% in extended hours.

Opening Bell
The Arbor Day Foundation celebrates the Arbor Day national holiday, a day to appreciate and acknowledge all that the simple act of planting a tree provides for our communities and ecosystems.

Closing Bell
LogProstyle Inc. (NYSE American: LGPS) celebrates its listing on the New York Stock Exchange

Read NYSE President Lynn Martin’s LinkedIn Article Here

Watch NYSE TV Live every weekday 9:00-10:00am ET

Video – https://mma.prnasia.com/media2/2673374/NYSE_April_25_2025_Market_Update.mp4

 

Chinese and foreign guests gather to talk about innovation and development of Museum in Liangzhu, Hangzhou


HANGZHOU, CHINA- Media OutReach Newswire – 25 April 2025 – From April 23 to 25, 2025, the Third UNESCO High-level Forum for Museums was held in Hangzhou, Zhejiang Province. More than 190 Chinese and foreign guests, including museum curators, experts and representatives of relevant institutions from more than 60 countries and regions, gathered in Liangzhu to discuss the innovation and development of museums.

Mr. Ernesto Ottone R., Assistant Director-General for Culture, UNESCO delivers the opening speech.
Mr. Ernesto Ottone R., Assistant Director-General for Culture, UNESCO delivers the opening speech.

“Museums are the most visited cultural sites in the world, and their development is also facing multiple challenges.” said Mr. Ernesto Ottone R., Assistant Director-General for Culture, UNESCO in his opening speech. He likened museum to a beacon of resilience and hope, “It guards memory, stimulates creativity and builds bridges to a more equal, inclusive and sustainable society.”

The forum lasts for three days, including keynote speeches, thematic exchanges, interactive links and field visits. Representatives from Chantilly Castle in France, National Museum of Colombia, Singapore Museum, Jordan Museum, Palace Museum of China, China Arts and Crafts Museum (China Intangible Cultural Heritage Museum) as well as others shared their experiences and practices around the themes of “the evolution and transformative role of museums”, “the application of digital technology and artificial intelligence”, “the role of museums as educational carriers and lifelong learning platforms”.

The Third UNESCO High-level Forum for Museums
The Third UNESCO High-level Forum for Museums

The forum also conducted interactive exchanges on topics such as virtual museum of stolen cultural relics, cutting-edge technology exhibitions, the challenges and innovations in contemporary museums. Additionally, it submitted a report on the outcomes of the World Conference on Cultural Policies and Sustainable Development, which is scheduled to take place in Spain in September 2025.

Hangzhou is a famous historical and cultural city, a city of innovation and vitality, and a city of ecological civilization. Hangzhou embodies history in every corner and cultural legacy every step. The three wonders of world cultural heritages, West Lake, Liangzhu Archaeological Ruins and Beijing-Hangzhou Grand Canal, synergize into a heritage matrix where historical legacies mutually illuminate their civilizational dimensions. Nearly 300 museums, various cultural relics resources and cultural products are distributed throughout the city.

Technological innovation and Liangzhu culture are two shining “golden cards” in Yuhang District of Hangzhou, “Five thousand years of Chinese civilization are epitomized in the Liangzhu Ruins”. In recent years, Hangzhou Liangzhu Archaeological Site Administrative District Management Committee has cooperated with many universities and scientific research institutions to solve the problem of “protection of earthen sites in humid environment” and provide solid support for the protection and inheritance of Liangzhu culture.

At Liangzhu Museum, global visitors use AR glasses to animate engraved black pottery from 5,000 years ago, digitally reviving ancient lifeways while building inclusive cultural bridges through technology. The Liangzhu culture is radiating new vitality in the new era.

“Led by AI-driven technological and scientific revolution, the museum sector is undergoing systemic transformation. Digital technologies now serve as an important transnational connectors of civilizations. We are willing to join hands with our global counterparts to promote dialogue among civilizations through technological innovation and inject cultural impetus into sustainable development”,said Ding Pengbo, deputy curator of the National Museum of China .

Hashtag: #HangzhouLiangzhuArchaeologicalSiteAdministrativeDistrictManagementCommittee

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

Hesai’s AT Series Powers Cadillac’s Innovative In-Cabin Lidar Integration in New VISTIQ SUV

SHANGHAI, April 25, 2025 /PRNewswire/ — Hesai Group (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotic applications, announced that its long-range, automotive-grade AT series lidar has been selected by SAIC-GM for integration into Cadillac’s new all-electric VISTIQ SUV. The vehicle was unveiled during the Shanghai International Automobile Industry Exhibition (the “Shanghai Auto Show”) and showcases the industry’s first in-cabin (behind the windshield) lidar deployment, setting a new standard for seamlessly design-integrated sensor systems in passenger vehicles.

Cadillac VISTIQ showcasing at the Shanghai Auto Show (source: Cadillac)
Cadillac VISTIQ showcasing at the Shanghai Auto Show (source: Cadillac)

The industry-first behind the windshield lidar solution, co-developed by Hesai and Cadillac, integrates the AT series long range lidar within the VISTIQ’s cabin, enabling precise environmental sensing even in challenging conditions such as rain, snow, or dust, all while preserving the vehicle’s sleek exterior design. The in-cabin placement also reduces the risk of damage to high-value components during minor collisions, offering both functional and aesthetic advantages. The VISTIQ is part of Cadillac’s recently unveiled all-electric SUV family and introduces the automaker’s next generation L2 full-scenario driver system, powered in part by Hesai’s cutting-edge lidar solution.

“We are proud to support Cadillac in pioneering this innovative lidar integration,” said David Li, Co-Founder and CEO of Hesai. “The in-cabin deployment of our AT series sensor represents a significant leap forward in both automotive design and autonomous sensing capability. We look forward to further collaborations with SAIC-GM and to accelerating the future of smart, safe electric vehicles.”

Hesai established a designated supplier partnership with SAIC-GM. As a key digital ecosystem partner to SAIC-GM, Hesai will continue to deliver high-performance, reliable, and cost-effective lidar solutions to support the next generation of intelligent, electric mobility.

Revolutionizing Education : How WI Edu is Bridging the Gap

KUALA LUMPUR, Malaysia, April 25, 2025 /PRNewswire/ — In a nation where discourse around education often dwells on rising tuition fees, academic rankings, and graduate unemployment, the conversation rarely bridges the gap between education and financial growth. Many people often see education and investment belonging to entirely separate worlds. Education is regarded as a noble and essential expense, while investment is often perceived as a risky and uncertain venture. Many parents, particularly across Asian communities, view education as the greatest gift they can provide for their children, often pouring their life savings into tuition fees, overseas programmes, and enrichment courses. Yet, this spending often turns into a sunk cost or I would call it an emotional investment, rather than a strategic financial decision, especially when children’s academic performance falls short of expectations leaving the parents with little to no tangible return on their investment. At the same time, there’s a widespread belief that investing is inherently risky and requires significant capital to begin with. This mindset creates uncertainty and stress around financial planning, leaving many individuals and parents questioning whether they are making the right choices for their children’s future and even questioning the value of their sacrifices. In some cases, this confusion leads them to fall prey to so-called education funds that promise high returns but ultimately fail to deliver, leaving families disheartened and financially strained.

But, what if there is a way to combine education and financial growth, offering both learning opportunities and steady, regulated returns?

Introducing WI Edu Sdn Bhd (WI Edu) – a revolutionary education provider offering Malaysia’s First Approved Education Interest Scheme. Unlike traditional education financing models, WI Edu’s WI Investment Hybrid Interest Scheme (WI-HIS) provides a regulator-approved model that bridges the gap between professional education and financial growth.

Historic milestone: (From left) MyKapital director Richard Koay, WI Edu CEO Elven, WI Edu Chairman Dr Stephen Choo and Enho Grace & Partners founder Enho Lim sign the MoU to mark Malaysia’s first education interest scheme debut.
Historic milestone: (From left) MyKapital director Richard Koay, WI Edu CEO Elven, WI Edu Chairman Dr Stephen Choo and Enho Grace & Partners founder Enho Lim sign the MoU to mark Malaysia’s first education interest scheme debut.

A Grand Beginning: The WI EDU Launch in Bangkok

On March 29, 2024, the world will witness a groundbreaking milestone as WI Edu officially launches WI Investment Hybrid Interest Scheme in Bangkok, the first outside its home country. The Grand Opening Ceremony, in collaboration with MyKapital and Messrs Enho Grace & Partners (EGP), will welcome 800 distinguished guests, including educators, industry leaders and other stakeholders. This historic event marks the dawn of a new era in education financing—one that seamlessly integrates professional learning with sustainable innovative financial solutions.

The launch of WI Investment Hybrid Interest Scheme is more than just a mere event. It is the beginning of an innovative solution designed to reshape how education is funded and accessed. With a vision that extends far beyond traditional education models, WI Edu aims to create a sustainable ecosystem that makes learning more accessible, affordable, and rewarding. By blending innovative financing solutions with quality professional education, WI Edu positions itself at the forefront of Malaysia’s educational transformation, shaping a highly skilled and competitive workforce for the future.

Dr Stephen Choo, delivering a powerful keynote address during the official launch of Malaysia's 1st Education Interest Scheme - highlighting the vision, innovation, and impact of WI EDU in transforming the region's education landscape.
Dr Stephen Choo, delivering a powerful keynote address during the official launch of Malaysia’s 1st Education Interest Scheme – highlighting the vision, innovation, and impact of WI EDU in transforming the region’s education landscape.

At the Helm: Visionary Leadership

At the helm of this groundbreaking initiative is Dr Stephen Choo, the chairman of WI Edu. With a proven track record of success, including his tenure at WCEI, Elven has become a respected figure in the financial world. His deep expertise in financial literacy, coupled with his passion for empowering individuals through education, has positioned him as a leader who not only understands the complexities of financial markets but also the transformative power of education. His visionary leadership and unwavering commitment to ethical practices have earned him widespread recognition, making him a true icon in the industry. Being no stranger to financial literacy and education sectors, Elven pioneered innovative strategies that embark on transformative movement that is reshaping Malaysia’s education and financial landscape.

A New Era of Learning Meets Financial Empowerment

WI Edu’s initiative is built on the foundation of “Profit with Purpose”, a concept that bridges the gap between financial security and skill development. Traditionally, investing in education meant personal growth without tangible financial returns. However, WI Investment Hybrid Interest Scheme transforms this paradigm, allowing participants to gain professional qualifications while earning consistent returns on their capital.

Unlike traditional education financing models, WI Investment Hybrid Interest Scheme eliminates the burden of student loans and high tuition fees. By participating in WI Investment Hybrid Interest Scheme, individuals can accumulate redeemable credit hours, which can be used for professional courses in high-demand industries. This means that education is not just a one-time expense but an asset that grows in value over time.

Why WI Edu Stands Out

As Malaysia’s first and only Education Interest Scheme provider, WI Edu is setting new benchmarks in education financing. What sets WI Edu apart is its commitment to regulatory compliance and ethical practices. Governed by the Interest Schemes Act 2016 and overseen by trusted third parties such as Messrs Enho Grace & Partners, WI Edu ensures that every aspect of its operations meets the highest standards of accountability and transparency.

Unlike typical education funds, which may operate on speculative promises, WI Investment Hybrid Interest Scheme is fully regulated under the Interest Schemes Act 2016. This means that the scheme is not just an internal business model but is under the strict supervision of the Companies Commission of Malaysia (CCM) or more popularly known in Bahasa Melayu, Suruhanjaya Syarikat Malaysia (SSM). Regular disclosures and reporting to the CCM are mandatory, ensuring transparency and accountability. Adherence to the Interest Schemes Act 2016 further guarantees ethical and fair operations, providing stakeholders with confidence in the scheme’s integrity and reliability.

For additional protection, Messrs Enho Grace & Partners (EGP), a reputable legal advisory firm, provides guidance and compliance support, ensuring that WI Edu’s financial operations adhere to all legal and ethical standards. EGP offers expert guidance in structuring the WI Investment Hybrid Interest Scheme to meet CCM requirements, drafting agreements, and providing ongoing corporate advisory services. This ensures that the scheme maintains the highest standards of legal compliance while safeguarding stakeholder interests. With EGP’s oversight, WI Edu not only meets regulatory expectations but also builds trust and confidence among stakeholders, reinforcing its commitment to transparency and ethical practices.

Smart Interest, Smarter Education

At the heart of WI Edu’s framework of the WI Investment Hybrid Interest Scheme, a financial-educational model offers subscriptions at RM2,000 and full capital redemption at the end of the 15-year scheme period. Returns are modest, with an estimated annualised rate of return above five percent (5%+). This reflects a strong emphasis on sustainable financial stewardship over speculative gains. At first glance, you might think it resembles another financing pitch, but WI Edu’s proposition is far more compelling upon my closer examination. The raised funds are strategically ploughed back into developing high premium quality professional courses, ensuring that education remains relevant and aligned with industry demands, especially in recent trends involving high-demand fields such as Artificial Intelligence, Cybersecurity, and Digital Marketing. Beyond returns, subscribers also benefit from redeemable credit hours, which can be used to enroll in WI Edu’s specialised training programmes or professional courses.

This innovative hybrid model allows subscribers to double their benefits, earning financial returns while securing access to industry-leading education. WI Edu focuses on skill-based learning that directly enhances career opportunities, ensuring that participants not only grow their wealth but also their professional capabilities. In other words, this innovative solution creates a circular ecosystem where financing generate tangible educational advancements, thereby reinforcing the value chain for subscribers and learners alike.

To meet the demands of today’s rapidly evolving industries, WI Edu offers a diverse portfolio of cutting-edge courses designed to equip learners with future-proof skills.

Key courses under WI Edu’s portfolio include:

  • Artificial Intelligence & Machine Learning – Master artificial intelligence (AI) technologies and their practical applications in today’s high-demand tech industry.
  • Data Science & Big Data Analytics – Learn to transform complex data into actionable business insights using advanced analytical tools.
  • Digital Marketing & Social Media Strategies – Develop comprehensive digital marketing skills and the latest trends to drive engagement and business growth in the online space.
  • Cybersecurity & Data Protection – Understand the essentials of cybersecurity and build expertise in protecting digital assets and infrastructure in an increasingly connected world.

Moreover, WI Edu continuously updates its course offerings to ensure relevance in an ever-evolving job market. By focusing on future-proof skills, WI-HIS prepares learners for sustainable career growth.

Regulated for Security and Transparency

To ensure trust and governance, WI Edu has adopted a blockchain-enabled subscription management platform through its collaboration with MyKapital. MyKapital upholds strict reliability as it exclusively features schemes approved by CCM, ensuring that all of its offerings comply with regulatory standards and provide a robust and secure environment against fraudulent practices. This system provides real-time tracking, one-click performance reporting, and secure transactions, reinforcing WI Edu’s commitment to transparency.

WI Edu’s compliance with the Interest Schemes Act 2016 ensures that all operations are monitored by regulatory bodies, providing stakeholders with peace of mind. The legal advisory team at Enho Grace & Partners a fully-fledged and dynamic law firm, plays a crucial role in maintaining this compliance. Their expertise ensures that WI Edu’s operations adhere to the highest ethical standards, with drafting agreements, providing ongoing corporate advisory services, and safeguarding stakeholder interests. This partnership reinforces WI Edu’s commitment to transparency, accountability, and regulatory excellence, further solidifying trust in its innovative education and financial model.

Breaking Barriers in Education Financing

The introduction of WI-HIS is expected to reshape Malaysia’s education landscape, offering a sustainable financing solution that benefits both learners and stakeholders. Unlike conventional student loan models, this interest scheme eliminates debt accumulation while providing participants with real financial incentives to upskill and remain competitive in the job market.

With the increasing demand for specialised education in fields like artificial intelligence, WI Edu ensures that its students are equipped with knowledge that is applicable and in-demand. The scheme also offers an alternative to student loans, which often leave graduates burdened with financial debt before they even enter the workforce.

The Future of Education is Here

With a vision to become Malaysia’s leading licensed education institution, WI Edu is continuously expanding its impact by:

  • Enhancing course accessibility through digital platforms and hybrid learning models, ensuring that quality education reaches even the most underserved communities.
  • Developing emerging industry courses in high-demand fields equipping learners with the skills needed to thrive in a rapidly evolving global economy.
  • Establishing state-of-the-art education facilities that meet international accreditation standards, providing students with world-class learning environments and resources.
  • Strengthening regulatory compliance to ensure continued transparency and security for all stakeholders, reinforcing trust in WI Edu’s innovative model.

Through its commitment to regulatory compliance, financial security, and academic excellence, WI Edu’s WI-HIS stands as a revolutionary model that could redefine how education is funded, not just in Malaysia, but across the Asian region. By seamlessly integrating professional education with sustainable financial solutions, WI Edu is paving the way for a future where education is both accessible and empowering, creating a skilled and competitive workforce ready to tackle the challenges of tomorrow.

Transforming Lives, Building a Nation

WI Edu is not just transforming individual lives—it’s contributing to Malaysia’s economic growth by creating a skilled and competitive workforce. By equipping learners with future-proof skills in high-demand fields, WI Edu is addressing critical gaps in the job market and preparing Malaysians to thrive in a rapidly evolving global economy.

This initiative is particularly impactful in a country like Malaysia, where the demand for specialized skills in areas like fintech, blockchain, and sustainability is growing exponentially. By aligning education with industry needs, WI Edu is not only empowering individuals but also driving national progress.

(From left) Asean Records managing director Gillian Ooi and Eldrick Koh are handing over the prestigious accolade recognizing WI Edu Sdn Bhd for being listed in the Asean Records for achieving the milestone of being Asean’s first education sector licensee interest scheme under SSM, to WI Edu chairman Dr Stephen Choo, in Elven’s presence in Bangkok.
(From left) Asean Records managing director Gillian Ooi and Eldrick Koh are handing over the prestigious accolade recognizing WI Edu Sdn Bhd for being listed in the Asean Records for achieving the milestone of being Asean’s first education sector licensee interest scheme under SSM, to WI Edu chairman Dr Stephen Choo, in Elven’s presence in Bangkok.

Pioneering Regional Recognition

WI Edu has been honoured and listed by ASEAN Records as “ASEAN’s First Education Sector Interest Scheme Registered under Malaysia’s Companies Commission (SSM)” – a distinguished recognition among the 10 ASEAN member states. This prestigious accolade, celebrated at a landmark ceremony in Bangkok, underscores WI Edu’s pioneering role as the first institution to successfully integrate education with a secure, regulated investment model across Southeast Asia. The recognition highlights the institution’s unwavering commitment to innovation, transparency, and regional leadership in redefining education financing throughout the ASEAN community.

A full house at the WI EDU MOU Signing & Launching Ceremony - where over 800 esteemed guests, partners, and professionals gathered to witness the official launch of Malaysia's 1st Education Interest Scheme. A landmark event shaping the future of education.
A full house at the WI EDU MOU Signing & Launching Ceremony – where over 800 esteemed guests, partners, and professionals gathered to witness the official launch of Malaysia’s 1st Education Interest Scheme. A landmark event shaping the future of education.

A Call to Action for Learners and Stakeholders

In an era where education costs are escalating and the demand for specialised skills is at an all-time high, WI Investment Hybrid Interest Scheme emerges as a transformative solution. For aspiring professionals, it offers a pathway to upskill without the burden of financial strain. For stakeholders, it presents a unique opportunity to support a model that combines financial stability with meaningful educational impact. WI Edu invites individuals from all walks of life—whether you’re a learner seeking to enhance your career prospects, a stakeholder looking for sustainable returns, or someone passionate about driving financial empowerment through education—to join this groundbreaking initiative.

Participating in WI Investment Hybrid Interest Scheme is more than just a financial commitment. It’s a step toward a future where education is both a personal and financial asset. As WI Edu continues to expand its offerings, participants can look forward to an ever-evolving portfolio of tailored courses, cutting-edge learning opportunities, and innovative financial solutions designed to foster long-term success. By aligning education with financial growth, WI Edu is not only addressing the challenges of today but also shaping a brighter, more inclusive future for learners and stakeholders alike.

This historic event marks the beginning of a new era in education financing, where learning and financial empowerment come together to create lasting impact. Don’t miss this opportunity to be part of a movement that is redefining the future of education.

For more information on WI-HIS, visit www.wi-edu.com.