34.7 C
Vientiane
Saturday, August 2, 2025
spot_img
Home Blog Page 68

Newborn Town Reports First-Half 2025 Operating Data: Revenue Projected to Exceed RMB 3 Billion, Marking Over 38% Year-on-Year Growth

HONG KONG, July 25, 2025 /PRNewswire/ — Newborn Town, a leading global social entertainment company, released its unaudited operating data for the first half of 2025. For the six months ending 30 June 2025, the company’s total revenue is estimated to reach RMB 3,135 million to RMB 3,215 million, representing a year-on-year increase of approximately 38.0% to 41.5%.

The social networking business segment continued to demonstrate robust financial performance, with revenue expected to reach approximately RMB 2,800 million to RMB 2,860 million, reflecting a year-on-year increase of approximately 35.4% to 38.3%.

The innovative business segment is projected to experience explosive growth, with revenue expected to range between RMB 335 million and RMB 355 million, representing an increase of approximately 65.0% to 74.9% year-over-year.


Social Networking Business Maintains Strong Momentum

In the first half of 2025, Newborn Town’s social networking business continued to exhibit robust, high-quality growth, with its “bush-like” product portfolio thriving in global markets. Second-mover products, such as SUGO and TopTop, saw impressive growth, while flagship products like MICO and YoHo remained consistent contributors to revenue.

According to the company’s announcement, revenue from the social networking business segment experienced a notable year-over-year increase, driven by AI-powered expansion across its diversified portfolio of social products.

In recent years, Newborn Town has increasingly integrated AI technology into its core operations, improving user acquisition, localized operations, and monetization efficiency. This effort has accelerated significant growth in global markets. Additionally, the company has continually enhanced its self-developed multimodal algorithm model, Boomiix, which has contributed to improved user engagement and an enriched social experience.

In the first half of 2025, SUGO reported steady growth across several key metrics, including average online time per user, average revenue per user (ARPU), and the paying user ratio, while TopTop’s online community ecosystem continued to flourish.

According to data from Sensor Tower, from January 1 to June 30, 2025, SUGO ranked 7th in the social app category by revenue in the Middle East, while TopTop ranked 10th among gaming apps on Google Play.

In addition to maintaining steady growth in core markets like MENA and Southeast Asia, Newborn Town has worked to strengthen its global presence by exploring new opportunities. For example, SUGO’s product features and business model have proven highly adaptable in emerging markets such as Latin America and Europe.

Meanwhile, Newborn Town’s diverse-audience social networking business has sustained solid development in global markets. Through deepening community engagement, iterating social features, and launching targeted brand campaigns, HeeSay has further cemented its leadership in Southeast Asia, boosting its brand influence.

According to Sensor Tower, HeeSay ranked 16th in the social app revenue rankings on Google Play in Southeast Asia during the first half of 2025.

Innovative Business Achieved Rapid Growth

As the moat around the social networking business continues to strengthen, Newborn Town’s second growth curve—driven by quality games and social e-commerce—has become increasingly evident.

According to the announcement, revenue from the innovative business segment saw steady growth in the first half of 2025, fueled by strong traffic monetization, solid performance in social e-commerce, and contributions from high-quality games.

In the first half of 2025, Alice’s Dream: Merge Games and other key titles entered a phase of long-term operation, steadily contributing to the company’s profits. Building on its success in the casual gaming sector and leveraging deeper AI integration across operations, Newborn Town has been able to reduce game development cycles and improve operational efficiency, creating a foundation for stronger growth in this segment.

Additionally, the social e-commerce brand, Heer Health, continued its rapid expansion. By enhancing user services, building a diversified business ecosystem, and broadening acquisition channels, Heer Health has further solidified its leadership in the HIV prevention and sexual healthcare sectors.

Since joining the JD Health platform in 2020, Heer Health has ranked as a top merchant in JD Health’s anti-infection category for three consecutive years and has been consistently recognized as one of the most outstanding service providers annually.

In June 2025, Newborn Town officially established its global headquarters in Hong Kong, marking a significant milestone in the company’s worldwide expansion and signaling a new phase in its globalization strategy.

Moving forward, the company will continue to be anchored in Hong Kong while maintaining a global outlook, leveraging technology to enhance social entertainment, exploring diverse opportunities in global markets, and creating positive emotional value for users worldwide.

Chef Heman expands Asian Local food journey at Asia Coffee House anchoring on JB Old Street “Meng’s” Zi Char

SINGAPORE, July 25, 2025 /PRNewswire/ — Chef Heman is set to broaden his culinary presence within Singapore and beyond in Asia, with a significant emphasis on the region’s beloved street food traditions with a modern twist. This new stall at Asia Coffee House prominently features **JB Old Street “Meng’s” Zi Char**, a concept poised to deliver an authentic and exhilarating wok-fired dining experience.

Chef Heman emerges with a dish that promises to warm the soul and tantalize the taste buds: the **Claypot Peppery Pig Stomach and Pork Trotter Stew**. This heartwarming creation showcases Chef Heman’s masterful use of spices, transforming traditional ingredients into an unforgettable experience.

Chef Heman’s philosophy revolves around highlighting the natural flavors of quality ingredients while enhancing them with a thoughtful blend of spices, deeply flavored broth with a comforting peppery kick.

Diners at JB Old Street “Meng’s” Zi Char will be invited to immerse themselves in a spread of new, meticulously crafted dishes, hot off the wok. Highlights include the **Spicy Chilli Slipper Lobster**, where succulent slipper lobster is drenched in a fiery, aromatic chilli sauce; and the **Steamed Fish Tail with Black Bean Sauce**, offering tender fish complemented by the deep, savory notes of fermented black beans.

A comforting and robust favorite, the **Claypot KL Style Hokkien Tai Loi Mee**, promises thick, chewy noodles braised in a rich, dark soy sauce, imbued with the coveted “wok hei” smoky essence. Also on the menu is the **Crispy Pork Belly in Red Fermented Beancurd Sauce**, featuring perfectly rendered pork belly with an irresistibly crispy skin, coated in a unique, umami-rich fermented beancurd marinade. These dishes represent the heart and soul of Asian home-style cooking, elevated by Chef Heman’s expertise.

Further enhancing the street food array that will be featured, serving expertly grilled dishes from **Meng’s Satay & BBQ** with tasty meat skewers alongside a delectable assortment of sambal-infused grilled seafood all prepared to perfection over open flames. Complementing these rich and robust flavors, is **Yummy Steam** that will present a selection of exquisitely prepared steamed dishes, ensuring a balanced, flavorful, and wholesome dining experience.

Guests can also look forward to the upcoming revamp of Jas GrillHaus into **American Mass Hall Junior**, a new concept that will offer a selection of classic Western grill dishes in a family-friendly setting.

This culinary initiative underscores Chef Heman’s deep commitment to showcasing and expanding the authentic, diverse, and beloved flavors of Asian Local street food within the region.

Address:

Asia Coffee House: 101 Woodlands Ave 12, #01-16, Singapore 737719

Google Map : https://g.co/kgs/KMfX1wm

Nearest Mrt : Admiralty 

SMRT Journeys Map https://journey.smrt.com.sg/journey/mrt_network_map/?nomo=0

https://asiacoffeehouse.com.sg/

https://www.facebook.com/share/187KKyrNnq/

https://www.instagram.com/asia_coffee_house/

About Asia Coffee House

Asia Coffee House serves as a vibrant culinary hub, offering a diverse array of local and Asian flavors. It is dedicated to providing high-quality, affordable and tasty food in a welcoming atmosphere, aiming to be a go-to destination for food enthusiasts.

About JB Old Street “Meng’s” Zi Char

JB Old Street “Meng’s” Zi Char brings the beloved tradition of “Zi Char” to the forefront, offering a menu of wok-fried dishes that embody the rich culinary heritage of Johore Bahru, Singapore and Asia’s street food scene. With a focus on fresh ingredients and authentic preparation, it aims to deliver a true taste of local favourites.

For Media Enquiries please reach:

Sharon Vu, PR and Marcoms, Engagevu https://www.engagevu.com

Olive and Latte-ABS  https://oliveandlatte.com

sharonvu@oliveandlatte.com or at (65) 8138 6913.

Bybit & Block Scholes Report: Markets Surge Past $4 Trillion as Regulatory Wins Drive Record Highs

DUBAI, UAE, July 25, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest crypto derivatives analytics report with Block Scholes, diving into a momentous “Crypto Week” in bullish territories. Crypto’s total market cap exceeded $4 trillion for the first time, driven by a combination of legislative advancements in the US and investor enthusiasm from BTC to altcoins.

Key Insights:

  • Altcoins Regained Favor: Following BTC’s initial surge, traders’ growing risk appetite started to spill over to altcoins. With ETH and SOL breaking barrier levels in the decisive week, widespread gains across the altcoin space uplifted the total crypto market cap to a historic high. This altcoin rally contributed to BTC dominance falling below 60% as investors diversified across the digital asset spectrum.

Source: Bybit and Block Scholes
Source: Bybit and Block Scholes

  • ETH Calls Over Puts: ETH options trading has become heavily skewed toward bullish positions, with call options dominating both volume and open interest metrics. The volatility term structure has compressed to a tight 64-65% range, while call skew peaked at 11%, reflecting strong directional conviction among institutional traders.
  • ETH Funding Rates Are Remarkably Strong: ETH spot price had more than doubled since its $1,500 level in April, bolstered by consistent positive inflows to ETH Spot ETFs and rising corporate interest in building ETH treasuries. ETH funding rates follow the broader positive trend of the market.

For detailed insights, readers may download the full report.

#Bybit / #TheCryptoArk / #BybitLearn

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Tachalamu Community: All Ethnic Groups Stay Closely United Like The Pomegranate Seeds

BEIJING, July 25, 2025 /PRNewswire/ — A news report from China.org.cn on a Community called Tachalamu in Xizang:


Tachalamu Community: All Ethnic Groups Stay Closely United Like The Pomegranate Seeds

In the high-altitude city of Naqu, known as China’s highest city, the Tachalamu Community stands as a vibrant model of ethnic unity. Home to over 7,100 residents from 3,400 households, this diverse community blends Han, Zang, Hui, Uygur, Dongxiang, and other ethnic groups. Since its establishment, the Tachalamu community has been awarded numerous honors including “National Model Village and Community for Ethnic Unity and Progress” and “Model Ethnic Unity Community of the Xizang Autonomous Region”.

Community technical specialist Tenzing Lhamo explained that the local committee has been continually refining its methods to deepen engagement with residents of all ethnic backgrounds. By identifying shared values, emotional connections, and common interests, the committee promotes ethnic unity through a “Four-Multiples” approach: multiple forms of advocacy, multiple service platforms, multiple channels for addressing concerns, and multiple ways to strengthen emotional ties.

Cirenyacuo, the director of Tachalamu Community, has always prioritized education in ethnic unity work, using the method of telling stories and excellent deeds of ethnic unity figures to bring ethnic unity work into families and schools. He stated that he hopes to leverage the communication advantages of media platforms to widely publicize typical and touching stories of unity and mutual assistance among various ethnic groups, enhance people’s awareness of ethnic unity, and create a favorable atmosphere for the entire society to jointly maintain ethnic unity.

The 5th China Xizang Internet Photography & Video Festival 
http://guoqing.china.com.cn/node_9013219.htm

Tachalamu Community: All Ethnic Groups Stay Closely United Like The Pomegranate Seeds
https://www.facebook.com/chinaorgcn/videos/669456155553504/
https://x.com/chinaorgcn/status/1948305551190102513

New AI Automation Platform Learns Like a Human–Infofla’s Selto V2 Now Available

SEOUL, South Korea, July 25, 2025 /PRNewswire/ — Infofla, a fast-growing AI startup specializing in workflow automation, has launched Version 2 of its flagship product ‘Selto’, delivering major upgrades that dramatically improve precision, flexibility, and user control.

Anyone can install Selto on their PC, train it, and automate their tasks
Anyone can install Selto on their PC, train it, and automate their tasks

Powered by Infofla’s proprietary ‘VLAgent’ engine—an AI system that combines large language models with advanced image recognition—Selto V2 enables businesses to automate complex digital tasks with human-like adaptability. Unlike traditional RPA (robotic process automation) tools, which often break down when unexpected screen changes occur, Selto can visually recognize and respond to real-time UI changes like pop-ups or layout modifications.

“This update focuses on making automation more intuitive and flexible,” said In-mook Choi, CEO of Infofla. “With Selto V2, anyone can easily design and manage automated workflows—even across unpredictable digital environments.”

Selto V2 introduces a new level of intelligence and flexibility for business automation. The upgraded version can now visually confirm what it has learned from screen, making it easier for users to identify and resolve issues quickly. This improvement helps boost reliability and transparency, especially in fast-changing digital environments.

The platform also adapts dynamically to conditional scenarios. For instance, Selto can now tailor workflows based on different user types or interface conditions—an essential feature for customer-facing services where one-size-fits-all automation often fails.

Infofla has also enhanced Selto’s ability to process and reuse external data, enabling seamless input of variable information like customer names or addresses. This makes automations more scalable and personalized without increasing human workload.

To support growing enterprise demand, Infofla now provides a robust administrator dashboard and has upgraded Selto’s testing environment with enterprise-grade GPUs. This ensures reliable performance during large-scale Proof of Concept trials—especially in industries with high automation complexity, such as finance and insurance.

Selto has already been deployed by Korea’s Ministry of the Interior and Safety and top-tier e-commerce platforms. Building on that success, Infofla is currently running PoCs with major players in the financial and insurance sectors.

With Selto V2, Infofla is moving beyond the limitations of existing RPA, paving the way for broader adoption of practical, accessible AI agents and positioning itself as a next-generation leader in intelligent automation.

About Infofla

Infofla is a Seoul-based AI software company revolutionizing workflow automation with its Vision Language Model (VLM) technology. Its proprietary solutions—including ITOMS, VLAgent, and RPACA—combine visual recognition with natural language understanding to deliver human-like adaptability in dynamic digital environments. Infofla is also developing FLAR, a robotics control system for intelligent physical automation. Its technologies are already used by Korean government and enterprise clients, and the company is expanding globally with support from partners like AWS.

NYSE Content Advisory: Pre-market update + Accelerant celebrates IPO

NEW YORK, July 25, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE Content Advisory: Pre-market update + Accelerant celebrates IPO

Ashley Mastronardi delivers the pre-market update on July 25th

  • Stocks are mixed Friday morning after the S&P 500 closed at a record for the 13th time this year. The index has been bolstered by earning season so far with over 80% of quarterly figures topping expectations, according to FactSet.
  • Investors are paying close attention to the relationship between President Trump and Fed Chair Jerome Powell. On Thursday, the President paid a visit to the central bank, ramping up pressure to lower interest rates.
  • Accelerant (NYSE: ARX), a tech-forward platform that helps provide coverage for hard-to-insure companies, will ring the opening bell to celebrate its IPO. Shares surged by 26% during the company’s first day of trade.

Opening Bell
Accelerant (NYSE: ARX) celebrates its initial public offering

Closing Bell
Manchester United (NYSE: MANU) celebrates its pre-season tour of the U.S.

Click here to download the NYSE TV App

 

The Republic of Vanuatu’s National (Financial) Resources Promotion Conference was grandly held in Hong Kong, ushering in a new chapter of cooperation between Vanuatu and China

HONG KONG, July 25, 2025 /PRNewswire/ — The 2025 National (Financial) Resources Promotion Conference of the Republic of Vanuatu, hosted by the Embassy of the Republic of Vanuatu in China, was grandly inaugurated in the afternoon of July 25 in Hong Kong. Attendees included representatives from mainland China and Hong Kong, listed companies from various countries, business associations, individuals from diverse backgrounds, and major media outlets. This conference not only showcased Vanuatu’s abundant natural and tourism resources, as well as its fertile ground for financial investments, but also marked an important milestone in deepening cooperation between Vanuatu and the international community, particularly with China and the Hong Kong Special Administrative Region.


Accompanied by traditional Melanesia music and applause, the Conference officially kicked off in the afternoon. With an engaging opening by the host, the spotlight turned to the distinguished presence of Hon. Johnny KOANAPO RASOU, Deputy Prime Minister and Minister of Finance and Economic Management of the Republic of Vanuatu, and H.E. Nguk Yang Dennis Nai, Ambassador Extraordinary and Plenipotentiary of the Republic of Vanuatu to the People’s Republic of China, adding anticipation to the event.

Hon. Johnny KOANAPO RASOU, Deputy Prime Minister and Minister of Finance and Economic Management of the Republic of Vanuatu, thanked the attendees from various sectors. With profound insights, he outlined a magnificent vision for Vanuatu’s future and expressed best wishes for the success of the National (Financial) Resources Promotion Conference. He warmly invited Chinese guests to experience the hospitality of the Vanuatu people firsthand, and expressed his hope for deep cooperation in various industries and fields, including finance, tourism, and culture, with China and the Hong Kong Special Administrative Region to usher in a new chapter in ChinaVanuatu and VanuatuHong Kong cooperation and exchange.


H.E. Nguk Yang Dennis Nai, Ambassador Extraordinary and Plenipotentiary of the Republic of Vanuatu to the People’s Republic of China, portrayed the broad prospects for cooperation between Vanuatu and China, as well as the international community from a unique perspective. He warmly welcomed individuals from all sectors in China to explore more cooperation opportunities with Vanuatu.

The subsequent segment on the promotion of national resources heightened the atmosphere at the event. A travel influencer specially invited by the Vanuatu National Tourism Office led the guests on a virtual journey through Vanuatu’s volcanic adventures, mysterious blue hole diving, and the rustic natural beauty of traditional villages in Vanuatu through an engaging Vlog. The detailed presentation by Mr. Osborne Taseru, First Secretary of the Embassy of Vanuatu in China, provided guests with deeper insights into Vanuatu’s eco-tourism routes and the advantages of its seafood exports. This segment not only highlighted Vanuatu’s natural beauty but also underscored its immense potential as a leader in financial development in the South Pacific region.

During the financial sector promotion segment, Mr. Cliff Chen, the Senior Advisor to the Deputy Prime Minister and Minister of Finance and Economic Management of the Republic of Vanuatu, delivered a speech that opens a window for guests to understand Vanuatu’s financial market. His professional perspective and clear explanations helped guests gain a clearer understanding of Vanuatu’s financial environment, the Virtual Asset Service Provider (VASP) Act, and digital asset projects. This presentation not only demonstrated confidence in Vanuatu’s financial development but also laid a solid foundation for future investment and cooperation opportunities.

Another highlight of the event was the MOU signing ceremonies between South Pacific Digital Holdings (SPDH) and two Hong Kong-listed companies respectively, Crypto Flow Technology Limited and Unisound AI Technology Limited, under the witness of H.E. Nguk Yang Dennis Nai; The Japanese digital asset exchange BitTrade and Australian digital asset platform company, Tridens Investment, have also successfully signed MOUs with South Pacific Digital Holdings (SPDH). This marks a significant step for Vanuatu in the field of international financial technology.

During the Conference, Hon. Johnny KOANAPO RASOU, Deputy Prime Minister and Minister of Finance and Economic Management of the Republic of Vanuatu, mentioned his meeting earlier in the day with Mr. John Lee Ka-chiu, the Chief Executive of the Hong Kong Special Administrative Region, and representatives from the Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority. Hon. Johnny KOANAPO RASOU also highly commended the achievements made by both sides in traditional finance and digital finance sectors, expressing intent to strengthen and deepen the cooperation and exchanges. The signings of a series of Memorandums of Understanding (MOUs) have been planned to strengthen financial development and government regulatory cooperation, working together to advance the development of traditional and digital finance.

In a warm atmosphere filled with applause and gratitude, the two-hour event concluded perfectly. However, this does not signify the end of cooperation, but rather a new beginning. We are confident that in the days ahead, with its unique charm and immense potential, Vanuatu will attract more international partners to invest and engage in business, jointly scripting a new chapter of cooperative development.

TROOPS, Inc. (NASDAQ: TROO) Intends to Bolster Shareholder Value with Strategic Stock Repurchase

HONG KONG, July 25, 2025 /PRNewswire/ — TROOPS, Inc. (NASDAQ: TROO) (“TROOPS” or the “Company”) today announced that the Company has initiated its stock repurchasing plan by entering into a stock repurchase agreement (the “Stock Repurchase Agreement”) with an existing shareholder (the “Shareholder”).

On July 18, 2025, the Shareholder agreed to the Company’s notice to exercise its repurchase option as outlined in the stock purchase agreement dated on May 28, 2025. On July 22, 2025, the Company entered into the Stock Repurchase Agreement with the Shareholder, pursuant to which the Shareholder agreed to sell, and the Company agreed to repurchase 4,400,000 shares at a purchase price of US$0.90 per share, for a total purchase price of US$3,960,000. The closing of the Stock Repurchase Agreement occurred on July 24, 2025.

This strategic repurchase of 4,400,000 shares of the Company at US$0.90 per share is expected to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and strengthening the Company’s capital structure. The transaction underscores the Company’s confidence in its long-term growth prospects and commitment to delivering value to its shareholders.

About TROOPS, Inc.

TROOPS, Inc. is a conglomerate group of various businesses with its headquarters based in Hong Kong. The group is principally engaged in (a) money lending business in Hong Kong providing mortgage loans to high quality target borrowers, (b) property investment to generate additional rental income and, (c) the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including API services by leveraging artificial intelligence, big data and blockchain, and cloud computing (SaaS), (d) advisory and referral services in relation to the application of migration, education and visa renewal to its customers, and (e) consultancy services for insurance products in respect of insurance referral to insurance brokers. The group’s vision is to operate as a conglomerate to build synergy within its own sustainable ecosystem thereby creating value to its shareholders.

For more information about TROOPS, Inc., please visit our investor relations website: www.troops.co

Safe Harbor and Informational Statement

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or similar expressions, are “forward-looking statements”. Forward-looking statements in this release include, without limitation, the effectiveness of the Company’s multiple-brand, multiple channel strategy and the transitioning of its product development and sales focus and to a “light-asset” model, Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors not all of which are known to the Company, which may include, without limitation, our ability to have effective internal control over financial reporting; our success in designing and distributing products under brands licensed from others; management of sales trend and client mix; possibility of securing loans and other financing without efficient fixed assets as collaterals; changes in government policy in China; China’s overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events, and other events and/or risks outlined in TROOPS’ filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and other filings. All information provided in this press release and in the attachments is as of the date of the issuance, and TROOPS does not undertake any obligation to update any forward-looking statement, except as required under applicable law.