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Bybit Pilots New Listed Project Disclosures Framework, An Industry-First Among CEX

DUBAI, UAE, Feb. 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is raising the bar for project disclosures for listed tokens on crypto trading platforms. In a landmark move that signals a new era of accountability and investors’ access to information, Bybit is piloting a transparency initiative requiring listed projects to provide comprehensive financial and operational data, a first among centralized exchanges (CEX).

The initiative introduces a dedicated section, the Bybit Listing Billboard, where listed projects will regularly publish detailed performance metrics and financial reports, enabling users to conduct thorough due diligence with previously unavailable depth of information.

SoSovalue is the first project to embrace this new framework on Bybit, meeting the enhanced disclosure requirements. Key performance indicators include specifics of token supply, revenue and expenses, activity levels in the holder and developer communities, and the following metrics a month after listing:

  • Total Value Locked (TVL): $190.80M
  • Website Monthly Active Users: 9.79M
  • Monthly Active Wallets: 309,570
  • On-Chain Transaction Volume: $261.3M

The new requirement offers a fast track to transparency for users, giving them easy access to project financials and enabling them to track the growth and financial health of the projects beyond initial tokenomics. Data points include five key dimensions: core financials, token metrics, on-chain activity and network health, governance and community, and risk disclosures and future roadmap.

“Bybit is committed to delivering the level of transparency our users expect of us. The initiative will benefit traders in their research stage and allow them to follow project performance over time, and we are excited to have SoSoValue as the first partner on board,” said Emily Bao, Head of Spot and Web3 at Bybit.

“SoSoValue and Bybit share the ethos of openness and authenticity, a trademark of the crypto and DeFi community. We are proud to be the first 100% open project on Bybit and to set the bar together in trust building,” said Jivvva Kwan, Cofounder of SoSoValue.

The program comes at a critical time when investors and regulators are increasingly calling for greater accountability in digital asset markets. By implementing disclosure requirements, Bybit and the issuers are working together towards creating a new benchmark for operational excellence in the industry. The broader shift toward enhanced transparency across the cryptocurrency ecosystem could potentially influence industry-wide disclosure practices. The initiative is expected to strengthen market integrity and investor protection, while fostering a more mature and trustworthy trading environment.

Users may find out more about the latest SOSO disclosures on Bybit.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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

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Waterdrop Filter to Showcase Cutting-Edge Water Filtration Solutions at KBIS 2025

LOS ANGELES, Feb. 18, 2025 /PRNewswire/ — Waterdrop Filter, a leading innovator in water filtration solutions, is set to showcase its diverse range of water purification products at the upcoming Kitchen & Bath Industry Show (KBIS) 2025 in Las Vegas, from February 25th to 27th, 2025. As North America’s premier trade show for kitchen and bath design, KBIS provides an ideal platform for Waterdrop Filter to present its state-of-the-art products designed to meet a variety of needs.

At KBIS, Waterdrop Filter will present an array of cutting-edge water filtration solutions designed for various applications. Among the featured products are:

  • Waterdrop Undersink Reserve Osmosis System-X16: As Waterdrop’s flagship product, the X16 embodies the brand’s commitment to faster, purer, and healthier water. With an industry-leading 1600GPD flow rate, this system eliminates the need for pre-filtering and provides on-demand water filtration, making it ideal for large households. Its 11-stage precision RO filtration and alkaline mineralization technology, enhances health, strengthens bones, and improves the taste of food and beverages.
  • Waterdrop Countertop Instant Hot RO Water Filter System-K19: This countertop system requires no plumbing or installation, making it versatile for any space. It features 5-stage efficient filtration, 99.9% UV sterilization, a 3:1 pure to drain ratio, and a smart display screen.
  • Waterdrop Electric Water Filter Dispenser-ED01W: With an upgraded electric design, it dispenses purified water in just one second with a single touch. Boasting a 15-cup capacity, it requires recharging only once a month, and features an IPX5 design for suitability in various environments.

Furthermore, products like whole house water softeners and undersink water filters, such as WHRO1C, 10UA, and more, will be highlighted at the event. These products cater to various scenarios and needs, such as home use, office environments, gardening, car washing, and outdoor living. With its efficient, convenient, and reliable water purification solutions, Waterdrop Filter has served over 10 million families worldwide, earning a prominent position in the international market.

Waterdrop Filter invites business partners and reporters to visit its booth at KBIS 2025 to experience its water solutions firsthand.

Exhibit Booth: SL4115
Dates: February 25-27, 2025
Location: Las Vegas Convention Center, 3150 Paradise Rd., Las Vegas, NV 89109

The Waterdrop Undersink Reserve Osmosis System-X14
The Waterdrop Undersink Reserve Osmosis System-X14

For more information, please visit https://www.waterdropfilter.com/.

CIFF Guangzhou 2025. Living innovations lead the way at Home Furniture exhibition

After the remarkable success of previous editions, CIFF Guangzhou is set to showcase its most comprehensive home furniture exhibition to date in March 2025, transforming the Canton Fair Complex into a global hub for furniture innovation and design, with an unprecedented display of living solutions for the future.

GUANGZHOU, China, Feb. 18, 2025 /PRNewswire/ — The Home Furniture exhibition, scheduled for March 18-21 during the 1st phase of the 55th CIFF Guangzhou 2025, presents a comprehensive showcase of modern living solutions. From the Sofa & Bed section, where comfort meets cutting-edge design, to the innovative Dining & Living sector showcasing the latest trends, each area has been meticulously curated to address contemporary living demands. The International Pavilion, spanning 30,000 squares with more than 100 manufacturers, further enriches the exhibition by celebrating diverse cultural influences and global design perspectives. 

The CIFF Modern Design Expo stands as a pivotal showcase of innovation, covering over 50,000 square meters across Halls 1.1-5.1 in Zone A of the Canton Fair Complex. In a dynamic celebration of creativity, the expo unites 60 commercial design brands, 40 international design brands and studios, 100 design ecosystem institutions, and more than 200 designers. Seven meticulously curated exhibition areas – East Design Show, CMF Trends LAB, Aesthetic Exhibition of Intangible Cultural Heritage Skills, Green East, DESIGN UNITED, DESIGN DIMSUM, and DESIGN EXPORT – create a comprehensive platform where traditional craftsmanship meets contemporary innovation. This collaborative environment marks a significant evolution from “Made in China” to “Designed in China,” fostering innovation and accelerating global market expansion while offering visitors a rich tapestry of international design perspectives.

CIFF Guangzhou 2025. Living innovations lead the way at Home Furniture exhibition
CIFF Guangzhou 2025. Living innovations lead the way at Home Furniture exhibition

The Sofa area emerges as a benchmark of the exhibition, occupying an impressive 130,000 square meters and featuring nearly 330 domestic and international brands, including industry leaders such as Kuka, MANWAH, HTL, and other prestigious brands. A unique Sofa Plus will create an S-shaped journey through Halls 9.3-11.3, offering visitors an immersive experience of global sofa innovations. The Sleep exhibition area takes center stage with 40,000 square meters of exhibition space and 130 exhibitors, emphasizing the integration of smart technology and health-focused innovations. A dedicated 10,000-square-meter smart sleep zone will showcase cutting-edge products including smart mattresses, intelligent beds, monitoring systems, and advanced sleep technology solutions, highlighting the industry’s commitment to wellness and comfort.

The Dining and Living Room exhibition spans an impressive 120,000 square meters, featuring more than 750 manufacturers across specialized zones. The dedicated Dining Room Design Hall in E1 and Living Room Design Hall in 15.2 showcase the latest innovations in residential spaces, while a groundbreaking cross-border e-commerce zone in Hall 14.1 serves as a strategic platform for international trade bringing together leading global platforms including Amazon, eBay, TikTok, Temu, Shein, and Wayfair, presenting products specifically optimized for online retail and facilitating direct connections between manufacturers and digital marketplaces.

CIFF Guangzhou’s global reach is demonstrated through its attraction of more than 380,000 professional visitors from over 200 countries and regions. As part of the larger CIFF Guangzhou 2025, which includes a second phase (March 28-31 for Office and Commercial Space sectors), the event continues to strengthen its position as the world’s premier furniture exhibition platform.

Preparations are underway to welcome visitors from all over the world; free preregistration is available on the website www.ciff-gz.com where visitors can find all the necessary information to plan their trip to Guangzhou.

ARK Wealth Management’s Latest CIO Report Emphasizes the Power of Elimination as Investors Brace For Heightened Volatility

  • ARK CIO research shows a paradigm shift in wealth management, moving beyond safety, liquidity, and returns toward a holistic, value-driven approach that prioritizes preservation over maximization.
  • The Report introduces a three-tier strategic asset allocation framework: establishing a risk buffer, fortifying core holdings, and capturing growth opportunities.
  • Insights combine deep industry knowledge with in-depth insights into the demands of Mandarin-speaking wealth managers and the best analysis of global economic trends.
  • The Report centers on the theme: leveraging the process of elimination to identify the optimal solution.
  • With multiple economic cycles converging, the Report urges wealth managers to shift from chasing returns to prioritizing rational analysis and capital preservation.

HONG KONG, Feb. 18, 2025 /PRNewswire/ — Noah Holdings Limited’s (“Noah” or “the Company”) (NYSE: NOAH, HKEX: 6686) newly launched global wealth management platform for global Chinese investors, ARK Wealth Management, has released its H1 2025 CIO Report, which finds that a new investment philosophy is needed as markets brace for heightened volatility. Historic factors are driving these changes, including geopolitical uncertainties, diverging global monetary policies, and the rapid commercialization of AI.

The ARK Wealth CIO Report combines deep industry knowledge with in-depth insights into the demands of Mandarin-speaking wealth managers and the best analysis of global economic trends. The research reveals four major forces shaping the global investment landscape:

  1. Geopolitical and economic volatility: A second Trump presidency and its trade policies, misaligned monetary policies across key global markets, and rising political risk require investors to rethink geographic asset allocation.
  2. The evolution of AI: With AI transitioning from development to full-scale commercialization, investors must distinguish sustainable opportunities from speculative hype.
  3. The shift from investment to structured wealth management: Chinese HNWIs are rapidly increasing offshore allocations, prioritizing government bonds, and embracing insurance and trust structures to protect generational wealth.

To navigate this environment, ARK Wealth Management is arguing for a shift from isolated investment decisions to constructing an “anti-fragile” system that can adapt to economic and political disruptions. The core transformation involves moving beyond the traditional three pillars—safety, liquidity, and returns—toward a more holistic, forward-looking, and value-driven approach.

“We are now navigating historic changes in the macroeconomic landscape, marked by a shifting focus from returns to resilience,” said Jingbo Wang, Co-founder and Chairwoman of Noah Holdings. “Investors and wealth managers require a disciplined, structured approach that integrates defensive assets, long-term planning, and growth-oriented opportunities. The question is no longer about where to invest, but how to structure wealth for longevity in an era of uncertainty.”

The report introduces ARK Wealth’s multi-layered asset allocation model, which starts with a “safety net” (insurance, trust structures, identity planning), builds a “foundation” (steady income, inflation hedges), and incorporates “growth” (equities, private equity, and high-upside assets). This framework provides investors with a structured approach to balancing security and opportunity, to position themselves for stability and success in the years ahead.

To download the full H1 2025 CIO report, please visit: https://promotion.arkwealth.com/activity/prod/7kY1tLez6S

About ARK Wealth Management

ARK Wealth Management is a leading provider of global wealth management services under Noah Holdings Limited (NYSE: NOAH, HKEX: 6686). ARK Wealth Management provides one-stop financial services for high-net-worth global Chinese families and institutions. With a client-centric philosophy that emphasizes independence and professionalism, ARK Wealth Management consistently innovates its product offerings and services to address the evolving needs of its clients, delivering sophisticated wealth management strategies with a goal of becoming the preferred wealth management platform for global Chinese investors.

ARK Wealth Management currently has over USD 8.7 billion in assets under advisement (AUA). With service centers in multiple countries and regions, ARK Wealth Management’s team of 140+ global investment advisors focuses on providing tailored, localized financial services to clients.

Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2024 Financial Results on March 18, 2025

SHENZHEN, China, Feb. 18, 2025 /PRNewswire/ — Tencent Music Entertainment Group (“TME”, or the “Company”) (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year of 2024 before the U.S. market opens on Tuesday, March 18, 2025.

TME’s management will host a Tencent Meeting Webinar on Tuesday, March 18, 2025, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, March 18, 2025, to review and discuss the Company’s business and financial performance.

For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the links provided below. Upon registration, each participant will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration  

Chinese Mainland[1]:  https://meeting.tencent.com/dw/JNxjwFmh642g
International:              https://voovmeeting.com/dw/JNxjwFmh642g

A live and archived webcast of the webinar will also be available at the Company’s investor relations website at https://ir.tencentmusic.com/.

[1] Chinese Mainland, for the purpose of this announcement only, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People’s Republic of China and Taiwan

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME’s mission is to create endless possibilities with music and technology. TME’s platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

Investor Relations Contact
Tencent Music Entertainment Group
ir@tencentmusic.com  
+86 (755) 8601-3388 ext. 818415

Yatsen to Announce Fourth Quarter and Full Year 2024 Financial Results on February 25, 2025

GUANGZHOU, China, Feb. 18, 2025 /PRNewswire/ — Yatsen Holding Limited (“Yatsen” or the “Company”) (NYSE: YSG), a leading China-based beauty group, today announced that it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2024, on Tuesday, February 25, 2025, before the open of the U.S. markets.

The Company’s management will hold a conference call on Tuesday, February 25, 2025 at 7:30 A.M. U.S. Eastern Time (8:30 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States (toll free):

+1-888-346-8982

International:

+1-412-902-4272

Mainland China (toll free):

400-120-1203

Hong Kong (toll free):

800-905-945

Hong Kong:

+852-3018-4992

Conference ID:

5014463

A live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.yatsenglobal.com.

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until March 4, 2025:

United States:                   

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code:

5014463

About Yatsen Holding Limited

Yatsen Holding Limited (NYSE: YSG) is a leading China-based beauty group with the mission of creating an exciting new journey of beauty discovery for consumers around the world. Founded in 2016, the Company has launched and acquired numerous color cosmetics and skincare brands including Perfect Diary, Little Ondine, Pink Bear, Galénic, DR.WU (its mainland China business), Eve Lom and EANTiM. The Company’s flagship brand, Perfect Diary, is one of the leading color cosmetics brands in China in terms of retail sales value. The Company primarily reaches and engages with customers directly both online and offline, with expansive presence across all major e-commerce, social and content platforms in China.

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

For investor and media inquiries, please contact:

In China:

Yatsen Holding Limited
Investor Relations
E-mail: ir@yatsenglobal.com

Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: yatsen@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com

BEST Inc. Announces Shareholders’ Approval of Merger Agreement

HANGZHOU, China, Feb. 18, 2025 /PRNewswire/ — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that at an extraordinary general meeting of shareholders (the “EGM”) held on February 18, 2025 (Beijing Time), the Company’s shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the “Merger Agreement”), dated as of June 19, 2024, among the Company, BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”) and Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the “Merger”), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger (the “Plan of Merger”) and the consummation of the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.

Over 62% of the Company’s total outstanding class A, class B and class C ordinary shares, including class A ordinary shares represented by the Company’s American depositary shares (each representing twenty (20) class A ordinary shares of the Company) (the “ADSs”), voted in person or by proxy as a single class at the EGM. Each shareholder has one vote for each class A ordinary share, 15 votes for each class B ordinary share or 30 votes for each class C ordinary share. These shares represented approximately 95% of the total outstanding votes represented by the Company’s total ordinary shares outstanding on the record date of January 16, 2025. The Merger Agreement, the Plan of Merger and the transactions contemplated thereby, including the Merger, were approved by over 99% of the total votes cast at the EGM and therefore duly authorized and approved by way of special resolutions as required by, and in compliance with, the Companies Act of the Cayman Islands.

The completion of the Merger is subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement. The Company will work with the other parties towards satisfying all other conditions precedent to the Merger set forth in the Merger Agreement and completing the Merger in due course. If and when completed, the Merger would result in the Company becoming a private company and its ADSs would no longer be listed or traded on any securities exchange or quotation system, including the New York Stock Exchange, and the Company’s ADS program would be terminated.

About BEST

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including freight delivery, supply chain management and global logistics services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/

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. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward looking statements involve factors, risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Such factors, risks and uncertainties include the possibility that the Merger will not occur as planned if events arise that result in the termination of the Merger Agreement, if the expected financing for the Merger is not available for any reason, or if one or more of the various closing conditions to the Merger are not satisfied or waived, and other risks and uncertainties discussed in documents filed with the SEC by the Company as well as the Schedule 13E-3 and the proxy statement filed by the Company. Further information regarding these and other factors, risks and uncertainties is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of the press release, and BEST undertakes no duty to update such information, except as required under applicable law.

Laos Strengthens Control on Call Center Scams as Thailand Targets Fraud Rings

Laos Strengthens Control on Call Center Scams as Thailand Targets Fraud Rings
The landscape of the Special Economic Zone in Bokeo (photo credit: Berkeley Political Review)

Laos is intensifying its crackdown on illegal call center operations within the Golden Triangle Special Economic Zone (SEZ) in Bokeo Province. This action comes as neighboring Thailand ramps up efforts to target scam networks operating along its borders with Myanmar and Cambodia.