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BSO Acquires InterCloud, Bolstering High-Performance Cloud Connectivity Solutions

PARIS, March 31, 2025 /PRNewswire/ — BSO, a global provider of advanced infrastructure and connectivity solutions, today announced the acquisition of InterCloud, a leading provider of direct connectivity to public and private cloud environments. This strategic acquisition significantly strengthens BSO’s global position in high-performance connectivity and cloud optimization, enabling the company to deliver enhanced solutions for businesses of all sizes.

Addressing the Strategic Imperative of Rapid Cloud Adoption

The acquisition of InterCloud allows BSO to substantially expand its portfolio, now offering direct, secure, and optimized access to a broad spectrum of cloud platforms while fortifying its robust connectivity infrastructure. As businesses accelerate their cloud migration strategies and face increasingly complex demands for security, performance, and data sovereignty, this acquisition is designed to provide tailored solutions that address the unique challenges of each industry.

Michael Ourabah, CEO and co-founder of BSO, stated: “This acquisition underscores our commitment to enhancing the resilience and agility of our customers’ IT infrastructures worldwide. By integrating InterCloud into our offering, we are positioned as the premier partner for companies seeking to seamlessly migrate and manage their cloud environments across borders.”

Driving Growth and Innovation Synergies for the Future of Cloud

The integration of InterCloud’s technologies will enable BSO to enhance its expertise in multi-cloud network optimization, security management, and data governance, while also responding more agilely to the innovation needs of businesses. This acquisition further accelerates BSO’s strategic focus on sectors where cloud service excellence is paramount, including finance, healthcare, critical infrastructure, and the energy industry.

Furthermore, BSO is implementing significant operational and commercial synergies, leveraging its 11 global offices, extensive network, and strong partnerships with leading technology and cloud providers to deliver even faster, more reliable, and more secure connectivity.

About BSO

BSO is a globally recognized provider of high-availability infrastructure and connectivity solutions. With over 650 clients across key industries, BSO delivers tailored solutions that ensure optimal performance for mission-critical applications. BSO’s global network spans over 240 points of presence (PoPs) in 33 countries, with specialized expertise in multi-cloud connectivity and IT infrastructure optimization for global enterprises. https://www.bso.co/ 

About InterCloud

InterCloud is a leading provider of direct connectivity solutions to cloud environments, enabling businesses to securely and efficiently access and manage their cloud resources. https://www.intercloud.com/

Contact: bsonetwork.france@axicom.com

 

Lunit Announces Partnership with the National Cancer Institute to Advance AI-Powered Biomarker Research

Collaboration to apply Lunit’s AI technologies across NCI’s broad spectrum of cancer studies, aiming to accelerate personalized cancer care

SEOUL, South Korea, March 31, 2025 /PRNewswire/ — Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced a collaboration with the National Cancer Institute (NCI), part of the U.S. National Institutes of Health (NIH), to explore innovative applications of AI in cancer research. This collaboration aims to advance research into the tumor microenvironment and immune phenotyping, analyzing NCI data to uncover insights that could drive personalized cancer care.

Lunit and the National Cancer Institute (NCI) join forces to advance AI-powered biomarker research and accelerate personalized cancer care.
Lunit and the National Cancer Institute (NCI) join forces to advance AI-powered biomarker research and accelerate personalized cancer care.

Under the agreement, Lunit tools will be made available to NCI Center for Cancer Research (CCR) investigators, across NCI CCR’s portfolio of clinical trials. Lunit will analyze whole-slide images obtained from NCI’s clinical studies, using Lunit AI-powered biomarker technologies, including Lunit SCOPE® IO and Lunit SCOPE universal IHC. This broad collaboration will enable image-analysis AI to become a core part of cancer research practice.

The two parties plan to jointly prepare publications, presentations, and reports. The primary objective of this partnership is to develop data-driven insights that can help personalize treatment approaches for cancer patients. By applying Lunit’s AI solutions across NCI’s extensive cancer research portfolio, the collaboration seeks to accelerate discoveries that optimize immunotherapy strategies, improve patient outcomes, and pave the way for more targeted cancer care.

“This collaboration with the NCI is a testament to the power and potential of Lunit’s AI-driven solutions in advancing the frontier of cancer research,” said Brandon Suh, CEO of Lunit. “By applying our technologies across NCI’s unparalleled research expertise and clinical data, we aim to uncover meaningful insights that can transform cancer treatment and deliver more personalized care to patients worldwide. We are honored to work with one of the world’s leading cancer research institutions to tackle some of the toughest challenges in oncology.”

About Lunit

Founded in 2013, Lunit (KRX:328130.KQ) is a medical AI company on a mission to conquer cancer through AI. Lunit harnesses AI-powered medical image analytics and biomarker analysis to ensure accurate diagnosis and optimal treatment for each cancer patient. The FDA-cleared Lunit INSIGHT suite for cancer screening serves over 4,800 medical institutions across 55+ countries. Lunit clinical studies have been published in top journals, including the Journal of Clinical Oncology and the Lancet Digital Health, and presented at global conferences such as the ASCO and RSNA. Headquartered in Seoul, South Korea, with a network of offices worldwide, Lunit leads the global fight against cancer. Discover more at lunit.io.

China Renaissance Announces 2024 Annual Results: Strong Recovery Driven by Strategic Transformation

HONG KONG, March 31, 2025 /PRNewswire/ — China Renaissance Holdings Limited (“China Renaissance” or the “Group”, stock code: 1911.HK) today announced its annual results for the year ended December 31, 2024 (the “Reporting Period”). Despite a challenging macroeconomic environment and a prolonged capital market downturn, the Group remained steadfast in its strategic direction, leveraging core business strengths. Through asset optimization, business transformation, and a focus on technology, China Renaissance achieved a significant rebound in operating performance. Total revenue and net investment gains were RMB 840 million for the year ended December 31, 2024, a year-on-year increase of 5.2%. Loss for the year attributable to owners of the Company narrowed to RMB 180 million, a decrease of 62.1% compared to the previous year. Meanwhile, the Group successfully repaid all external debt and maintained ample cash reserves, providing a solid financial foundation to support its future diversification strategy.

In October 2024, Ms. Hui Yin Ching was appointed Chairperson of the Board, leading China Renaissance’s new management team on its “Renaissance 2.0” journey. Following the leadership reshuffle, the core team remained stable, the company’s governance framework was further strengthened, and the organizational structure was optimized. This resulted in significantly improved strategic execution efficiency. Since the fourth quarter of 2024, the Group’s revenue and operating profit have increased substantially compared to the first three quarters, with fourth-quarter total revenue accounting for 46% of the full-year revenue.

Investment Banking Achieves Counter-Cyclical Growth, Maintaining Market Leadership in Emerging Sectors

In 2024, China Renaissance’s investment banking business recorded segment revenue and net investment gains of RMB 220 million, representing a year-on-year increase of 16.8%. The core growth drivers were the expansion of private placement advisory fees and breakthroughs in equity underwriting.

China Renaissance has maintained a leading position in private equity financing, with a strong presence in the broader technology sector. The Group has actively expanded into emerging fields such as embodied intelligence, low-altitude economy, advanced manufacturing, and hard technology, securing a dominant position in the AGI sector. During the reporting period, the Group successfully completed projects including Zhipu, ROBOTERA, Shengshu Technology, Fourier, and Galaxea. Amid a sluggish IPO market in Hong Kong SAR and the U.S., China Renaissance Investment Banking proactively diversified its capital market product offerings, helping clients complete listings or financing deals despite the challenging environment. Revenue from the Hong Kong SAR and U.S. equity businesses more than doubled year-on-year. During the reporting period, the Group acted as a joint sponsor for the Hong Kong IPO of RoboSense, a flagship project showcasing the synergy between China Renaissance and investment banks. The Group’s M&A business also advanced in parallel with its investment banking operations, completing several landmark industry acquisition deals.

Investment Management Seizes Exit Opportunities and Drives New Fundraising Initiatives

During the reporting period, China Renaissance’s investment management business achieved a significant breakthrough, recording an operating profit of RMB 126 million and contributing 38% of the Group’s total revenue. In 2024, China Renaissance New Economy Fund was also recognized as an A-Class Fund Manager by the Insurance Asset Management Association of China.

By seizing market exit opportunities, China Renaissance actively advanced project exits and post-investment management, with total fund exit proceeds reaching RMB 3.2 billion. As exits continued, the fund’s Distributions to Paid-in Capital (DPI) further improved. As of now, six out of ten flagship funds, along with several project funds, have achieved a DPI of over 100%. In 2023 and 2024, portfolio companies including Fenbi, Smarter Micro, RoboSense, and Autostreets successfully went public, demonstrating the high quality of China Renaissance’s investment portfolio, which focuses on smart industries and innovative economy sectors. The Group also actively explored non-IPO exit strategies, further expanding its investment footprint. On the fundraising front, China Renaissance maintained strong relationships with Limited Partners (LPs) and steadily advanced new fund fundraising initiatives.

China Renaissance Securities Achieves Significant Efficiency Gains with Strong Retail Growth

During the reporting period, China Renaissance Securities maintained steady operations, recording segment revenue and net investment gains of RMB 250 million, accounting for 30% of the Group’s total revenue and net investment gains.

The Huaxing Duoduojin App, the Group’s flagship retail platform, saw 390 thousand registered users, marking a 95% increase from the end of 2023. The number of new clients grew rapidly, rising by 208% year-on-year, while total client assets increased by 146% compared to the end of 2023. Despite a tightening market environment, China Renaissance Securities continued to strengthen its industry position by driving several leading hard technology projects, providing consistent financing services to “Specialized, Refined, Differentiated, and Innovative” (SRDI) enterprises. During the reporting period, China Renaissance Securities successfully completed projects including Wanchen Group’s private placement, Golden Phoenix’s NEEQ listing, and private equity financing for Calterah Semiconductor and Kunlunxin.

Hui Yin Ching, Chairperson of the Board of China Renaissance, commented: “2024 marked the first year of China Renaissance’s deep strategic realignment. By focusing on three key pillars- technology enablement, business matrix restructuring, and organizational efficiency enhancement- we have established a foundation for sustainable growth in financial health, client quality, and innovation reserves. Currently, our investment banking business maintains a leading edge in the innovation economy, while our investment management business continues to break through with its profitable model. The synergistic effect of China Renaissance Securities’ diversified business matrix has further strengthened our differentiated competitive advantage. Looking ahead, we will continue to focus on the ‘Technology + Industry’ strategy, deepening our presence in the AGI and embodied intelligence sectors, while expanding our M&A and cross-border business. While consolidating our existing businesses, we will actively explore the Web 3.0 and cryptocurrency asset sectors to lead the development of innovative technologies. At the same time, we will continue to enhance post-investment management and risk control, improving asset operation efficiency. With a solid financial structure, innovative business models, and professional service capabilities, the Group is committed to seizing market opportunities and creating long-term value for our shareholders.”

For more annual results-related information, please refer to:
[https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0331/2025033100522_c.pdf]

Disclaimer
This document is prepared by China Renaissance Holdings Limited (together with any of its subsidiaries, affiliated companies, associates, directors, management personnel, agents, advisors, or employees, collectively referred to as “China Renaissance”). The purpose of this document is solely for reference by the recipient, and the Recipient should act based on its own investment review and assessment.

Under no jurisdiction shall this document constitute or be construed as an offer to sell securities or an invitation to make an offer to purchase securities. China Renaissance makes no representations or warranties, nor provides any guarantees, regarding the content of this document. China Renaissance does not act on behalf of the Recipient. The distribution of this document in certain jurisdictions may be restricted or prohibited by applicable laws or regulations. Recipients are obligated to comply with all restrictions or prohibitions in such jurisdictions.

China Renaissance assumes no liability for any risks arising from the use, misuse, reliance, distribution, or possession of this document, which shall be borne solely by the Recipient. Without the prior written consent of China Renaissance, this document or any part thereof shall not be disclosed or used for any other purpose. Recipients with inquiries should seek professional advice from their independent advisors.

SunCar Technology Wins Bid to Provide Smart Car Wash Services for Agricultural Bank of China Sichuan Branch

NEW YORK, March 31, 2025 /PRNewswire/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced it has been awarded a contract to provide car wash and smart car wash concierge services for personal clients of the Sichuan Branch of Agricultural Bank of China (ABC). This milestone strengthens SunCar’s strategic partnership with ABC and demonstrates their continued collaboration to enhance customer service through innovative, technology-driven solutions.

Building on the success of their previous cooperation, with ABC’s Heilongjiang branch, this new initiative will deliver premium car wash services to eligible individual credit card holders while introducing an innovative smart car wash pick-up and delivery service for key corporate clients. The program integrates financial and lifestyle services to create a seamless experience prioritizing convenience and customer satisfaction.

SunCar’s proprietary technology platform will enable precise management and real-time monitoring of all services, ensuring consistent quality and operational efficiency throughout the program’s implementation. This contract award further validates SunCar’s innovation capabilities and strong execution track record in the auto services sector.

“We are honored to expand our strategic partnership with Agricultural Bank of China through this new initiative with their Sichuan Branch,” said Ye Zaichang, Chairman and CEO of SunCar Technology. “By integrating our advanced smart car wash solutions with ABC’s customer-centric banking services, we are creating a seamless service ecosystem that significantly enhances convenience for their clients. This collaboration exemplifies our commitment to developing innovative solutions that bridge financial services and everyday needs, and we look forward to continuing our long-term partnership with ABC to deliver enhanced, personalized services that improve customer satisfaction and strengthen their competitive position in the market.”

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com

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

 

Wanhua Chmeical and IBU-tec signed a Joint Development Agreement for the development of a European LFP battery material, creating the basis for a European value chain in the battery sector

WEIMAR, Germany, March 31, 2025 /PRNewswire/ — On March 26th, Wanhua Chemical Group Battery Technology Co., Ltd  (“Wanhua Chemical”) and IBU-tec ( “IBU-tec”), the leading European manufacturer of lithium iron phosphate materials, successfully held a signing ceremony for the Joint Research and Development Agreement (JDA) in Weimar, Germany. The partnership with IBU-tec does not affect the progress of concrete talks with further companies on far-reaching cooperation, which Wanhua Chemical is currently conducting.

Within the framework of the partnership, IBU-tec and Wanhua Chemical will carry out a scale-up towards the industrial scale in the coming months. The partners expect to have reliable results in the third quarter of the current year as to whether the joint development will meet market requirements in Europe and North America. If this is the case, it will open up extensive potential for the production of an LFP cathode material in Germany that would be part of a European value chain in the battery sector.

Dr. Hua Weiqi, Executive Vice President of Wanhua Chemical, Mr. Wang Xiaoxing, General Manager of Wanhua Battery Industry Company Limited, Mr. Jörg Leinenbach, CEO of IBU-tec and Mr. Ulrich Weitz, CPO of IBU-tec, attended the signing ceremony. This event marks the formal opening of the in-depth cooperation between the two parties in the field of lithium iron phosphate (LFP) materials.


In the field of battery materials, lithium iron phosphate has gradually become a mainstream product in the new energy automobile and energy storage market with its advantages of high safety and long cycle life. In recent years, Wanhua Chemical has established a technology platform integrating battery material technology development, equipment technology development, and electric core application technology research, and its lithium iron phosphate products have been upgraded continuously. In this cooperation, the company will establish a local supply chain to supply LFP materials to European customers.

Dr. Hua Weiqi said: LFP shows the dominant position (almost 80% share in EV in Chinese market), and is almost the only commercially available solution for energy storage. Wanhua Chemical adheres to the globalization strategy and has set up 7 R&D centers in Beijing, Shanghai, Hungary, Spain, etc., 9 production bases and more than 10 overseas sales organizations, and IBU-tec, as a local German Li-ion material factory, focuses on the R&D and production of LFP, and owns a mature R&D and production system.


In the future, the two sides will also discuss the establishment of a joint laboratory in Europe, to begin cooperation in the field of battery innovation and R&D, to provide strong local R & D support for the development of the European battery industry.

About Wanhua Chemical:

Wanhua Chemical is a globally operated chemical new materials company, ranking 16th of C&EN’s Global Top 50 chemical companies, with over 30000 employees worldwide. Its business covers polyurethanes, petrochemicals, performance chemicals, emerging materials and future industries. The industries include homeware and furniture, sports and leisure, automobiles and transportation, building and construction, electronics and electrical appliances, personal care, and green energy.

Hesai Lidar Exclusively Powers Baidu Apollo Go’s Deployment of Over 1,000 L4 Autonomous Vehicles in Dubai

PALO ALTO, Calif., March 31, 2025 /PRNewswire/ — Hesai Technology (Nasdaq: HSAI), the global leader in lidar technology for automotive mobility and robotics applications, today announced that its lidar solution will power Apollo Go’s landmark expansion into Dubai, accelerating the global adoption of safe and intelligent driverless solutions.

The announcement follows the exclusive agreement signed between Hesai and Baidu Apollo in July 2024. The fleet is expected to scale to 1,000 vehicles, demonstrating the reliability and performance of Hesai’s lidar technology in enabling L4 autonomous driving in complex environments. Apollo Go’s RT6 robotaxis have already achieved impressive operational efficiency in China with a 60% cost reduction compared to previous generations.

“This historic deployment underscores Hesai’s pivotal role in driving the global expansion of autonomous mobility, coming at a moment when L4 autonomous driving is turning into a commercial reality,” said Hesai CEO and Co-Founder David Li. “Our lidar solution continues to be the go-to-choice for leading autonomous vehicle platforms worldwide, demonstrating exceptional range, resolution, and reliability, all of which are vital components for safe autonomous operations in complex urban environments. As Apollo Go brings this breakthrough technology to Dubai, we are proud to support the next chapter of autonomous mobility on a global scale.”

Apollo Go has commenced 100% fully driverless operations across multiple cities in China and continues to expand. Apollo Go has achieved over 150 million kilometers of safe driving and provided more than 10 million rides to the public.

Rockwell Automation Revolutionizes Motor Controls with Smarter and Safer M100 Electronic Motor Starter

MILWAUKEE, March 31, 2025 /PRNewswire/ — Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the launch of the M100 Electronic Motor Starter, enabling industrial organizations to simplify panel wiring and reduce component and engineering complexities with advanced functional safety solutions and more refined motor starting capabilities.  

Rockwell Automation M100 Electronic Motor Starter
Rockwell Automation M100 Electronic Motor Starter

Rockwell’s traditional motor starters lay a robust foundation for customizable motor control solutions including starting, stopping and protecting motors. Building on this legacy, the new M100 Electronic Motor Starter seamlessly integrates into intelligent motor control setups, boosting productivity and minimizing downtime. It serves as a cost-effective, space-efficient option, boasting an extensive range of features designed to improve performance across various applications. Notably, the M100 incorporates point-on-wave (POW) switching technology. 

The new M100 Electronic Motor Starter offers zero stacking with no derating up to 55C, providing flexibility in installation without compromising performance. Removable terminal blocks, available in both screw and push-in variants, add convenience and adaptability. The M100 also supports direct-on-line (DOL), reversing, and safety capabilities in the same form factor, showcasing its flexibility in various operational scenarios.  

“Our M100 Electronic Motor Starter represents a significant leap forward in motor starting technology and Rockwell’s motor control portfolio,” said Bill Meindl, business manager for industrial components, Rockwell Automation. “Its advanced features, including point-on-wave switching technology, significantly boosts productivity while minimizing valuable panel space, delivering a powerful solution that aligns with the evolving needs of the industry.” 

Embedded features such as electronic overload protection, phase loss detection, phase imbalance monitoring, and weld detection contribute to a comprehensive safety net, making the M100 an invaluable asset in critical operations. Additionally, with the growing importance of functional safety for end users, the M100 represents an expansion in the motor starting portfolio to now include SIL3 certified models, providing added peace of mind and compliance with high safety standards. 

Learn more about the M100 Electronic Motor Starter on Rockwell’s website or contact your distributor.  

About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com

Lockton launches Professional and Executive Risk, transforming its global financial lines business

KANSAS CITY, Mo., March 31, 2025 /PRNewswire/ — Lockton, the world’s largest independent insurance brokerage, has announced today the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice: Lockton Professional and Executive Risk.

This strategic integration brings together the expertise of more than 750 talented Associates worldwide into a single platform designed to further enrich Lockton’s ability to create and deliver best-in-class client value.

The new structure supports what Lockton has always done best—go beyond traditional insurance offerings by delivering an insurance and risk management experience that brings a truly global perspective. With greater global connectivity, Lockton Professional and Executive Risk will help clients address their professional, executive, financial, and cyber risks no matter where they operate.

“In today’s complex and interconnected environment, companies and their boards require a trusted partner that sees their risk holistically,” said Devin Beresheim, Executive Vice President and U.S. Head of Professional and Executive Risk at Lockton. “Lockton Professional and Executive Risk delivers tailored solutions to help corporate boards and C-suite executives proactively mitigate their most pressing risks on a global level, so they can focus on growing their business.”

“Through our globally connected team, we can ensure even broader knowledge sharing, deeper risk insights, and the ability to anticipate emerging threats with greater response and precision,” said Leo Flindall, U.K. Head of Professional and Executive Risk at Lockton. “The launch of this unified team is another milestone for Lockton, reflecting our commitment to continually improving our standard for client service.”

Lockton Professional and Executive Risk serves clients across a range of industries, delivering global insurance broking, risk advisory, and claims support for all major financial and professional insurance lines. Areas of expertise include directors and officers liability, cyber, general partnership liability, errors and omissions/professional indemnity, employment practices liability, fidelity/crime, fiduciary liability, insurance solutions for digital assets.

About Lockton

What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 12,500+ Associates doing business in over 140 countries to focus solely on clients’ risk, insurance and people needs. With expertise that reaches around the globe, Lockton delivers deep industry knowledge and product specialization with a passion for serving clients.