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Databricks Announces Launch of SAP Databricks

Databricks announces new product natively integrated into the SAP Business Data Cloud

SAN FRANCISCO, Feb. 13, 2025 /PRNewswire/ — Databricks, the Data and AI company, today announced the launch of SAP Databricks, a strategic product and go-to-market partnership with SAP that natively integrates the Databricks Data Intelligence Platform within the newly launched SAP Business Data Cloud. The partnership combines the most important business data that is in SAP with the Databricks platform for data warehousing, data engineering, and AI all governed by Databricks Unity Catalog. Databricks recently announced $15B in fundraising and intends to earmark a quarter of a billion dollars ($250M) to help make customers and system integrator partners successful with SAP Databricks across deployment and migrations, ultimately unlocking the tremendous business value of SAP data.

SAP applications power enterprises’ most important decisions around business planning, procurement, HR and travel management. Every enterprise wants to maximize the value of their SAP data by combining it with data from their other business-critical systems. Yet, those systems are varied, and many still sit on-premises in legacy platforms, making it difficult to develop advanced analytics and AI applications. SAP Databricks will have all the relevant datasets enriched and ready to be used for everything from data warehousing to building AI that can reason on that data.

“Every organization is searching for a faster, more reliable way to translate their data into strategic advantage,” said Ali Ghodsi, Co-founder and CEO of Databricks. “Together with SAP, we’re helping businesses seamlessly unify their data sources, streamline analytics, and accelerate the development of domain-specific AI applications.”

“Our partnership with Databricks represents a turning point in how enterprise data is harnessed,” said Muhammad Alam, Executive Board Member at SAP. “Together, we’re fusing SAP’s proven expertise in mission-critical applications with Databricks’ cutting-edge data engineering and AI capabilities to help our customers unlock the next era of digital innovation.”

Databricks + SAP: Domain-specific AI

The power of SAP Databricks is that it allows customers to combine their SAP data with the rest of their enterprise data easily. Through bi-directional sharing of data via Delta Sharing between their SAP Databricks environment and their native Databricks (non-SAP) environment, they can unify all their data without complicated data engineering. This dramatically increases the productivity of teams trying to innovate with their most valuable data. The entire data estate is then consistently governed and secured with Unity Catalog so enterprises can build on a trusted foundation, allowing enterprises to conduct exploratory data science and SQL analytics at scale with a full understanding of the business semantics. Additionally, Mosaic AI capabilities will allow companies to easily develop domain-specific AI trained on their private SAP data to unlock agent systems for the most important functions in their businesses.

Partner Quotes
“Generative AI is a catalyst for reinvention across the enterprise, but to build and scale AI applications effectively, organizations need to have a complete understanding of their data,” said Karthik Narain, Group Chief Executive – Technology and CTO, Accenture. “We’re working closely with SAP and Databricks to help our clients maximize the convenience of integrated and open data, draw better insights faster, create new personalizations and launch AI-based innovations.”

“A strong data foundation remains the cornerstone of all successful AI integrations. SAP Databricks will enable clients to seamlessly merge ERP data with operational insights to maximize the value of AI for organizations and drive critical business benefits,” said Niraj Parihar, CEO of Insights and Data Global Business Line at Capgemini and member of the Group Executive Committee. “The recent acquisition of Syniti reinforces Capgemini’s data-driven digital core business transformation services, notably large-scale SAP transformations. Combined with our long-standing partnership with SAP, Capgemini is expertly placed to drive intelligent decision-making for our clients.”

“Breaking down silos between structured and unstructured data is a crucial step in unlocking true value from data-driven AI investments – especially amid constant industry disruption,” said Jessica Kosmowski, Global Ecosystems and Alliances Leader and Principal at Deloitte Consulting LLP. “The new SAP Databricks offering can address that need for our shared clients, combining the power of the SAP business suite and Databricks with rich SAP data to drive business transformation and data modernization.”

“EY is focused on helping clients connect data from across the enterprise to realize transformative business opportunities,” said EY-Databricks Alliance Leader Hugh Burgin. “We are excited to leverage the combined strengths of SAP and Databricks to transform data into trusted business insights.”

Availability
The new offering, SAP Databricks, is sold by SAP as part of SAP Business Data Cloud, and will be available in a staged rollout on AWS, Azure and Google Cloud. Learn more about SAP Business Data Cloud and SAP Databricks during the SAP Business Unleashed virtual event.

About Databricks
Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on X, LinkedIn and Facebook.

Contact: Press@databricks.com

The 137th Canton Fair Hosts Promotion Events in Southeast Asia, Bridging Trade and International Exchanges

GUANGZHOU, China, Feb. 13, 2025 /PRNewswire/ — As China’s No.1 platform for international trade, the 137th Canton Fair has successfully hosted a Southeast Asia roadshow with trade promotion events in Vietnam, Laos and Cambodia in January.

“The 137th Canton Fair will further optimize trade theme structures, exhibits, supporting activities and services to provide premium exhibition experiences and promote international exchanges,” said Su Bin, Deputy Secretary-General of the Canton Fair and Deputy Director General of China Foreign Trade Centre. “As an important milestone in building the online platform of the fair, Canton Fair APP now brings integrated online and offline experience for exhibitors and buyers, and provides a 365-day, uninterrupted supply and sourcing matching platform, a strong boost to facilitate the exchange and cooperation between Chinese and foreign enterprises.”

On January 15, the 137th Canton Fair Cambodia Promotion Conference was successfully held in Phnom Penh, which was attended by about 150 guests from local trade promotion departments, industry and commerce organizations, business representatives and more. Mainstream local media including CNC, TVK, BTV covered the event.

The Canton Fair working group held in-depth discussions with the Ministry of Commerce of Cambodia, the Cambodia Chamber of Commerce (CCC) and China Chamber of Commerce in Cambodia and renewed cooperation agreement with CCC, as well as visited local retail enterprises Lucky supermarket and Chipmong Group.

In Laos, the Canton Fair’s promotion event in Vientiane was attended by local trade promotion departments, commerce organizations and business representatives, the working group visited leading local retailer Sky Supermarket group.

On January 21, the event in Ho Chi Minh City, Vietnam was attended by 180 local representatives. Boasting great business potentials, the Vietnamese market offers significant opportunities, and the Canton Fair working group exchanged with Vietnam Trade Promotion Agency (VIETRADE) of the Ministry of Industry and Trade of Vietnam, the Vietnam Chamber of Commerce and Industry, and the Investment & Trade Promotion Centre of Ho Chi Minh City on establishing cooperative relations and supporting more Vietnamese enterprises to participate in the tradeshow, as well as conducted survey at the Hanoi International Convention and Exhibition Center and local retail giant Coopmart.

The 137th Canton Fair will be held from April 15 to May 5, 2025 in Guangzhou. To download the Canton Fair APP, please visit https://cief.cantonfair.org.cn/en/app/appintro.html.

Capital.com expands collaboration with LSEG to deliver news, data and analytics essential to informing clients’ trading decisions

Integration of LSEG’s Data & Analytics AI-powered sentiment analysis and news feeds will help traders react quickly and with authority 

LONDON, Feb. 13, 2025 /PRNewswire/ — Capital.com, the high-growth global trading platform and fintech group whose trading volumes surpassed USD$1.7trn in 2024, today announced an expansion of its collaboration with LSEG.

Capital.com, which serves more than 750,000 traders globally and handles $147 billion of trading volume every month, will integrate LSEG’s real-time news, data and market psychology sentiment feeds to help clients make timely and informed trading decisions. The agreement follows previous success in leveraging LSEG’s solutions to offer clients the tools and support they need to make quick and confident trading decisions.

Under the deal, a broad spectrum of analysis and news products – including global news wire Reuters – will be made available to Capital.com clients who trade derivatives on more than 3,000 markets across multiple asset classes including shares, commodities, indices, FX, and cryptocurrencies* (not available to clients in the UK*).  LSEG Data & Analytics is one of the world’s largest providers of data and market-moving financial news, serving over 40,000 institutions in over 150 countries.

Commenting on the collaboration, Christoforos Soutzis, Chief Executive Officer, Capital.com Europe, said:

‘Our strategic collaboration with LSEG marks an ongoing commitment to partner with the very best organisations to support our clients. We understand how much our clients value the speed and efficiency of our platform, and this partnership allows us to enhance these qualities even further. By integrating LSEG’s powerful data & analytics features directly into our trading platform, clients can access a comprehensive range of market-moving news and analysis quickly and effortlessly, empowering them to make informed decisions faster than ever before.”

Stuart Brown, Group Head of Data & Feeds, LSEG, said:

“We are excited to expand our partnership with Capital.com, a leading digital-first broker. By integrating our comprehensive and trusted data sets with their client-centric digital channels through our market-leading, cloud-enabled technology services, we empower users to effectively monitor the markets, generate ideas tailored to their risk tolerance and personal values, and achieve improved portfolio outcomes. Together, we are dedicated to driving innovation and delivering exceptional value to the investment community.”

Under the expanded collaboration with LSEG, clients will be able to access:

  • Comprehensive stock reports, equity market news feeds and alerts: Capital.com traders will receive up-to-the-minute information affecting global equity markets that can impact market movements. They can also access company ownership and fundamental data for a deeper understanding of the companies they might want to trade or invest in.
  • Breaking news & top news feeds: Traders will receive global breaking news coverage, including coverage from Breakingviews, Reuters allowing them to react quickly to unfolding new events.
  • ESG metrics: Traders can directly access real-time ESG scores and financial data to help them make sustainable investment and trading decisions.
  • Market psychology sentiment: Traders will have access to exclusive insights, as well as AI-enabled sentiment analysis across different geographies and key markets such as commodities and cryptocurrencies (cryptocurrencies are not available to clients in the UK).
  • Events calendars: Traders can easily plan ahead with LSEG’s comprehensive list of key global economic and corporate events.

To support traders with their decisions, Capital.com provides an extensive repository of information, insights and analysis. The company has strategic partnership agreements with a host of leading providers including TradingView and Newsquawk, enabling clients to access institutional-grade breaking news, and advanced charting tools for a better trading experience. The Capital.com platform also hosts a demo site, regular news feeds, and provides clients with a sprawling collection of financial content available on its website, and through its free learning app, Investmate.

Features of the LSEG product integration will be progressively rolled out over the coming months. For more information about capital.com, please visit www.capital.com

Notes to editors

About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system. With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

About Capital.com

Capital.com is a high-growth fintech company empowering people to participate in financial markets through simple and innovative online trading platforms. Launched in 2016, its intuitive award-winning platform —available on web and app —enables investors to trade thousands of world-renowned markets. To help investors trade with confidence, the platform is fitted with robust risk management controls, transparent pricing and extensive educational content to support clients in their trading journeys.

Capital.com is one of the fastest-growing trading platforms in the sector with client trading volumes exceeding $1trillion. In 2024, the company was recognised as the fastest growing tech-enabled platform in the Middle East and Cyprus for the third-straight year by Deloitte Technology’s Fast 50 programme.

Capital.com has a global network with offices located in leading business and financial centres including London, Dubai, Warsaw, Nassau, Sofia, Limassol, and Melbourne. Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 793714. Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised to carry out Securities Business by the Securities Commission of The Bahamas with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.

To find out more, please visit:  www.capital.com

This press release is for media use only. It’s not intended for individual investors and doesn’t include personal advice or recommendations.

DISCLAIMER

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Depending on the company, between 63% – 83.51% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd. Spread bets are available only to UK clients.

The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Capital Com (UK) Limited (“CCUK”) is registered in England and Wales with company registration number 10506220. CCUK is authorised and regulated by the Financial Conduct Authority (“FCA”), under registration number 793714. Capital Com SV Investments Limited (“CCSV”) is registered in Cyprus with company registration number 354252. CCSV is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a limited liability company (company number 209236B) registered in the Commonwealth of The Bahamas and authorised to carry on Securities Business by the Securities by the Securities Commission of The Bahamas (“SCB”) with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under licence number 20200000176.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

 

Blue Cross Survey: 74% of Young People Travel for Unique and Exciting Experiences One-third Lack Protection Awareness

Preference for Spontaneous Travel, Grabbing Cheap Flights and Travelling on a Whim


HONG KONG SAR – Media OutReach Newswire – 13 February 2025 – Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) today announced the results of a survey1 of young people’s travel habits and preferences, as well as their level of protection awareness. The survey found that young people love to travel, with nearly 70% planning to travel2 twice or more a year. 74% of the respondents hope to explore and try unique, novel and exciting experiences during their travels. However, one-third would not purchase travel insurance, implying a lack of awareness of risk management and protection.

Ms. Bonnie Tse, Chief Executive Officer of Blue Cross (2nd from left), Ms. Sylvia Chow, Director of Marketing of Blue Cross (2nd from right), Mr. Aiden Hung, young Hong Kong singer (left), and Ms. Akina Fong (right) at Blue Cross’s Press Conference
Ms. Bonnie Tse, Chief Executive Officer of Blue Cross (2nd from left), Ms. Sylvia Chow, Director of Marketing of Blue Cross (2nd from right), Mr. Aiden Hung, young Hong Kong singer (left), and Ms. Akina Fong (right) at Blue Cross’s Press Conference

The survey was conducted by Blue Cross earlier through online questionnaires. The key findings are as follows:

New Generation Loves to Travel, Prefers Novel and Exciting Experiences

69% of the respondents plan to travel twice or more in the next 12 months; 22% plan to travel three times or more. In other words, one in five young people plans to travel three times or more in the coming year.

74% of the respondents aspire to explore and try unique, novel and exciting experiences during their travels, and about one-third (32%) prefer to explore lesser-known destinations.

Preference for Spontaneous Travel, Travelling on a Whim after Grabbing Cheap Flights, Following Travel KOLs Suggestions for Itinerary, “Checking in” and “Happy Sharing” on Social Media

Nearly 60% (58%) of the respondents prefer improvised travel to planning an itinerary in advance. Two-thirds (66%) of the respondents’ travel plans depend on the availability of cheap flights. As for planning their itinerary, 70% of the respondents said they would refer to the suggestions and recommendations of travel KOLs

62% of young people travel to “check in” and are keen on “happy sharing” on social media, highlighting the close connection between their offline and online activities.

Most Worried about Flight Delays, Cancellations or Lost Luggage, Yet Lacks Protection Awareness

When asked about travel-related concerns, 71% of the respondents cite flight delays or cancellations as their top worry; half (50%) of the respondents are concerned about lost or damaged luggage. These are common risks that travellers occasionally face.

Two-thirds (66%) of the respondents said they would purchase travel insurance to protect themselves and their families, of which 80% considered premium and promotional offers as the key factor when choosing travel insurance. One-third (34%) would not acquire insurance, of which 42% considered it unnecessary, showing that the new generation has inadequate awareness of their protection needs.

Blue Cross to Actively Tap the Youth Market in Line with its Young and Dynamic Brand Image

Ms. Bonnie Tse, Chief Executive Officer of Blue Cross, said, “Today’s young people love to travel, seeking out fresh and exciting experiences. They are fearless, innovative and willing to take on challenges. However, their lack of protection awareness is concerning. In addition to common travel disruptions such as flight delays and lost luggage, comprehensive travel insurance provides crucial protection and mitigates the risks against accidents, injuries, and illness during the journey.

“We hope to inspire the new generation to balance living fully with protecting themselves and their families. As young people grow and progress through different stages of life, their priorities, concerns, and aspirations evolve, and a thoughtful awareness and understanding of risk management becomes increasingly important.”

Blue Cross values the youth market. Its business data reflect a growing base of younger customers, with a 108% increase in policyholders aged 18 to 29 and a 164% increase in the number of policies. Moreover, the number of policyholders and policies for the age group 18 to 22 jumped 150% and 191% respectively.

Ms. Tse said, “This market research is focused on local university students. This new generation has huge market potential and matches Blue Cross’s young and dynamic brand positioning. The survey results help us further understand young people’s preferences, consumption patterns, habits and protection awareness, and enable us to enhance our product design and marketing strategy. For example, we will introduce more flash sales and collaborate with travel platforms and KOLs that meet the preferences and lifestyles of young people. We will tailor our offerings to the needs and pain points of the new generation, providing better value for money, and creating ‘Just Right’ protection for them.”

In addition, today’s young people are growing up in a digital environment. Blue Cross has been keeping up with the pace of digital life. For example, it has optimised its company website to create a one-stop, seamless digital insurance service experience. It has also established affinity partnerships with different digital platforms to connect with young customers at various touch points across their daily activities, from online shopping and travel bookings to payment systems and financial management services. This year, Blue Cross plans to launch a series of marketing activities catering to young people, further engaging the young customer segment online and offline.

Blue Cross Business Performance in First Three Quarters of 2024 Surpassed Market Average

Blue Cross also announced its business performance for the first three quarters of 2024. Its overall performance showed a 22% rise compared with the same period in 2023, which is significantly higher than the market’s 2% increase3. Its non-medical insurance business soared by 33%, while the market fell4 by 6% during the same period; of which, travel and personal accident insurance business surged by 44%, more than twice the market’s 21% increase5. Blue Cross’s medical insurance also outperformed the market, with a 19% increase over the same period, higher than the market’s 16% increase6.

Note:

  1. Blue Cross conducted a survey from 9 December 2024 to 19 January 2025 through online questionnaires. A total of 823 Hong Kong residents aged 18 or above who are currently receiving post-secondary education were interviewed to understand the travel preferences, habits and protection awareness of young people.
  2. Excludes travelling to mainland China and Macau.
  3. Source: Insurance Authority Quarterly Release of Provisional Statistics for General Business (direct business) from January to September 2024, excluding Mortgage Guarantee.
  4. Source: Insurance Authority Quarterly Release of Provisional Statistics for General Business (direct business) from January to September 2024, excluding Medical and Mortgage Guarantee.
  5. Source: Insurance Authority Quarterly Release of Provisional Statistics for General Business (direct business) from January to September 2024, non-medical part under Class of Business “Accident & Health”.
  6. Source: Insurance Authority Quarterly Release of Provisional Statistics for General Business (direct business) from January to September 2024, medical part under Class of Business “Accident & Health”.


Disclaimers:

  • This press release is for distribution in Hong Kong only. The distribution of this press release is not and shall not be construed as an offer to sell or a solicitation to buy or a provision of any insurance product outside Hong Kong.
  • Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of AIA Group Limited. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.

Hashtag: #BlueCross

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

Blue Cross (Asia-Pacific) Insurance Limited

Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) is a subsidiary of AIA Group Limited. With over 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel and general insurance, which cater to the needs of both individual and corporate customers. Blue Cross distributes its products through various channels, including AIA agency force, online platform, direct sales, BEA network, insurance agents and brokers, as well as travel agencies.

In 2024, Blue Cross is assigned financial strength rating of A+ (stable outlook) and issuer credit rating of A+ (stable outlook) by S&P Global Ratings.

Agoda: Thai Couples Lead Asia in Domestic Travel for Valentine’s Day

BANGKOK, Feb. 13, 2025 /PRNewswire/ — Agoda reveals Thai couples to be leading in domestic travel compared to couples from other Asian markets this Valentine’s Day. Thai couples are followed by those from Japan and the Philippines, following in second and third place, respectively.

This year, Valentine’s Day falls on a Friday, providing a great opportunity for a weekend getaway. The most popular domestic destinations are Bangkok, Pattaya, Chiang Mai, Khao Yai (a newcomer in the rank), and Hua Hin. In 2024, Bangkok, Pattaya, and Chiang Mai also held the top three positions, but were then followed by Hua Hin and Phuket, respectively.

For international travel, the top destinations for Thai couples this year are Tokyo, Hong Kong, Singapore, Taipei, and Osaka. Tokyo maintains its number one spot.

Pierre Honne, Country Director Thailand at Agoda, shared: “Valentine’s Day may not be a public holiday, but it’s a special time for couples to celebrate with loved ones. Whether through a romantic dinner or a weekend getaway, it is a great reason to travel. This year especially since Valentine’s Day falls on a Friday. Agoda offers great value deals for flights, accommodations, and various travel activities to help couples celebrate the day of love with joy and memorable experiences.”

For couples planning Valentine’s Day travel, Agoda provides access to over 5 million accommodations, more than 130,000 flight routes, and over 300,000 activities, all available on the platform. Download the Agoda app for the latest special deals or visit www.agoda.com/deals.

Antengene Announces XPOVIO® Approved for Public Health Insurance Coverage in Taiwan Market, Benefiting More Patients with R/R MM in the Region

  • XPOVIO® is the first XPO1 inhibitor approved in Taiwan for the treatment of adult patients with relapsed/refractory multiple myeloma (R/R MM).
  • After the mainland of China, South Korea, Australia and Singapore, Taiwan market is the fifth APAC market in which XPOVIO® has been approved for public health insurance coverage.
  • XPOVIO® is expected to extend public health insurance coverage across APAC markets.

SHANGHAI and HONG KONG, Feb. 13, 2025 /PRNewswire/ — Antengene Corporation Limited (“Antengene“, SEHK: 6996.HK), a leading innovative, commercial-stage global biopharmaceutical company dedicated to discovering, developing and commercializing first-in-class and/or best-in-class medicines for cancer, today announced that XPOVIO® (selinexor) in combination with bortezomib and dexamethasone (XVd) for the treatment of adult patients with relapsed/refractory multiple myeloma (R/R MM) who have received at least two prior therapies, has been approved for reimbursement in Taiwan. Starting from March 1, 2025, XPOVIO® will be officially included in the NHI drug reimbursement scheme.

With a novel mechanism of action, XPOVIO® is the world’s first approved orally-available, selective XPO1 inhibitor, which has already been approved in nine countries and regions in APAC, and included in the public insurance schemes in five of those markets (the mainland of China, Taiwan market, Australia, Singapore and South Korea). Moving forward, XPOVIO® is expected to extend public health insurance coverage across APAC markets.

Multiple myeloma (MM) is a malignancy caused by the dysregulated proliferation of plasma cells. According to epidemiology data, MM is the second most prevalent hematologic malignancy in Taiwan market, accounting for approximately 700 to 800 newly diagnosed cases and around 400 relevant deaths each year.[1] Most patients with MM have to face a range of challenges in treatment, including high propensity to relapse, short period of survival, and limited treatment options. The inclusion of XPOVIO® for reimbursement coverage in Taiwan market, will further reduce the financial burden on many patients, benefiting more patients and their families.

While bringing XPOVIO® to more APAC markets, Antengene is also striving to expand the indications of XPOVIO®. Leveraging the drug’s novel mechanism of action, XPOVIO® is currently being developed with multiple combination regimens for the treatment of various additional indications including myelofibrosis (MF) and endometrial cancer.

About XPOVIO® (selinexor)

XPOVIO® is the world’s first approved orally-available, selective inhibitor of the nuclear export protein XPO1. It offers a novel mechanism of action, synergistic effects in combination regimens, fast onset of action, and durable responses.

By blocking the nuclear export protein XPO1, XPOVIO® can promote the intranuclear accumulation and activation of tumor suppressor proteins and growth regulating proteins, and down-regulate the levels of multiple oncogenic proteins. XPOVIO® delivers its antitumor effects through three mechanistic pathways: 1) exerting antitumor effects by inducing the intranuclear accumulation of tumor suppressor proteins; 2) reducing the level of oncogenic proteins in the cytoplasm by inducing the intranuclear accumulation of oncogenic mRNAs; 3) restoring hormone sensitivity by activating the glucocorticoid receptors (GR) pathway. To utilize its unique mechanism of actions, XPOVIO® is being evaluated for use in multiple combination regimens in a range of indications. At present, Antengene is conducting multiple clinical studies of XPOVIO® in the mainland of China for the treatment of relapsed/refractory hematologic malignancies and solid tumors (3 of these studies are being jointly conducted by Antengene and Karyopharm Therapeutics Inc. [Nasdaq:KPTI]).

About Antengene

Antengene Corporation Limited (“Antengene”, SEHK: 6996.HK) is a leading commercial-stage R&D-driven global biopharmaceutical company focused on the discovery, development, manufacturing and commercialization of innovative first-in-class/best-in-class therapeutics for the treatment of hematologic malignancies and solid tumors, in realizing its vision of “Treating Patients Beyond Borders”.

Since 2017, Antengene has built a pipeline of 9 oncology assets at various stages going from clinical to commercial, including 6 with global rights, and 3 with rights for the APAC region. To date, Antengene has obtained 31 investigational new drug (IND) approvals in the U.S. and Asia, and submitted 10 new drug applications (NDAs) in multiple Asia Pacific markets, with the NDA for XPOVIO® (selinexor) already approved in Mainland of China, Taiwan China, Hong Kong China, Macau China, South Korea, Singapore, Malaysia, Thailand and Australia.

Forward-looking statements

The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development. For a further discussion of these and other factors that could cause future results to differ materially from any forward-looking statement, please see the other risks and uncertainties described in the Company’s Annual Report for the year ended December 31, 2023, and the documents subsequently submitted to the Hong Kong Stock Exchange.

Reference

  1. 2019 Cancer Registry Annual Report, Health Promotion Administration of Taiwan Ministry of Health and Welfare

For more information, please contact:

Investor Contacts: 
Donald Lung
E-mail: Donald.Lung@antengene.com  
Mobile: +86 18420672158

PR Contacts:
Peter Qian
E-mail: Peter.Qian@antengene.com 
Mobile: +86 13062747000

Gaotu Techedu to Report Fourth Quarter and Fiscal Year 2024 Financial Results on February 26, 2025

BEIJING, Feb. 13, 2025 /PRNewswire/ — Gaotu Techedu Inc. (“Gaotu” or the “Company”) (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the fourth quarter and fiscal year 2024 ended December 31, 2024, before U.S. markets open on Wednesday, February 26, 2025.

Gaotu’s management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, February 26, 2025 (9:00 PM on the same day, Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows:

International:

+1-412-317-6061

United States:

+1-888-317-6003

Hong Kong:

800-963-976

Mainland China:

400-120-6115

Passcode:

2778362

A telephone replay will be available two hours after the conclusion of the conference call through March 5, 2025. The dial-in details are as follows:

International:

+1-412-317-0088

United States:  

+1-877-344-7529

Passcode:

4036127

Additionally, a live and archived webcast of this conference call will be available at https://ir.gaotu.cn/home.

About Gaotu Techedu Inc.   

Gaotu is a technology-driven education company and online large-class tutoring service provider in China. The Company offers learning services and educational contents & digitalized learning products. Gaotu adopts an online live large-class format to deliver its courses, which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates every aspect of the Company’s business and facilitates the application of the latest technology to improve teaching delivery, student learning experience, and operational efficiency.

For further information, please contact:

Gaotu Techedu Inc.
Investor Relations
E-mail: ir@gaotu.cn

Christensen

In China
Ms. Alice Li
Phone: +86-10-5900-1548
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Government Assures No Social Media Shutdown After Panic Over Foreign Internet Restrictions

Government Assures No Social Media Shutdown After Panic Over Foreign Internet Restrictions
This image is used only for representational purpose (photo credit: allconnect)

The Ministry of Technology and Communications has released a clarification following widespread panic among Lao citizens about the potential shutdown of social media platforms in the country.