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GWM Brazil Plant Officially Opens with President Lula in Attendance


Iracemápolis, São Paulo – Media OutReach Newswire – 16 August 2025 – In the early hours of August 16 (Beijing time), GWM’s Brazil plant officially commenced operations, marked by a grand ceremony for the rollout of its first vehicle, the HAVAL H6 GT. The plant, located in Iracemápolis, São Paulo, was acquired from Daimler Group and has since been upgraded into an intelligent manufacturing base. As GWM’s third full-process vehicle manufacturing center overseas, it carries the core mission of serving the Latin American market and acts as a key hub linking Europe, Asia, Southeast Asia, and Latin America.

This milestone not only advances GWM’s globalization in Latin America but also sets an example of China’s high-quality automotive expansion, showcasing innovative collaboration between the Chinese and Brazilian auto industries.

GWM Brazil Plant officially begins production with the first HAVAL H6 GT rolling off the line
GWM Brazil Plant officially begins production with the first HAVAL H6 GT rolling off the line

At the opening ceremony, Brazilian President Luiz Inácio Lula da Silva, Vice President Geraldo Alckmin, Chinese Ambassador Zhu Qingqiao, Brazil’s Minister of Labor, and other dignitaries joined GWM President Mu Feng, GWM International President Parker Shi, GWM Brazil Region President Zhang Gengshen, and other GWM executives to witness this landmark moment in the company’s globalization journey. President Lula personally signed the hood of the first HAVAL H6 GT, marking its final production step before entering the market. After the ceremony, he also posed for photos with factory workers.

In his welcome address, GWM President Mu Feng stated: “The Brazil plant is not only a strong commitment to the Brazilian market, but also the starting point for building the future together with our Latin American partners. In our global expansion, we adhere to the ‘Four New Modernizations’: Locally Built, Locally Operated, Globally Cultivated, Supply Chain Integrated. Following international quality standards, we will deliver highly reliable vehicles to the Latin American market.” He further announced that the plant’s annual production capacity will gradually increase from 20,000 to 50,000 vehicles, creating over 1,000 direct jobs. Initial models include the HAVAL H9, POER P30, and HAVAL H6, with the H9 and POER P30 scheduled to launch in Brazil this September.

Chinese Ambassador Zhu Qingqiao emphasized that since the establishment of diplomatic ties 51 years ago, China and Brazil’s comprehensive strategic partnership has continued to deepen, with key areas of cooperation including renewable energy, infrastructure, and manufacturing. He described the Brazil plant as a model of Sino-Brazilian industrial synergy, combining “Chinese smart manufacturing + Brazilian localization.” He noted that GWM is contributing to economic development and quality job creation in São Paulo and Brazil, and expressed hope for further collaboration in clean energy and digital technology to provide a “China-Brazil solution” for global climate governance.

In his speech, President Lula stressed: “The GWM Brazil plant is very important for Brazil’s national industry. Its inauguration shows that Brazil has the capability to acquire advanced technology and produce vehicles that can compete with those from any country in the world. This means creating jobs, increasing income, and enhancing professional expertise for Brazilians. We hope GWM will make Brazil its production base in Latin America. The Brazilian government stands ready to support businesses and welcomes more Chinese companies to invest here.”

Brazilian Vice President Alckmin, the Minister of Labor, and the Mayor of Iracemápolis also gave speeches, jointly opening a new chapter for GWM in Latin America. Guests at the ceremony praised GWM’s rapid growth and contributions to Brazil’s automotive market and expressed confidence in the company’s ability to further drive innovation and transformation in the industry. During the event, the Great Place to Work Institute awarded GWM Brazil the “Great Place To Work” (GPTW) honor. In addition, GWM announced a donation of 500,000 reais to local schools in Iracemápolis to help improve educational facilities.

Located in Iracemápolis, São Paulo, the GWM Brazil plant covers a total area of 1.2 million square meters, with 94,000 square meters of built-up area. It houses welding workshops, robotic painting lines, assembly lines, energy and equipment facilities, and logistics supply systems. With an initial annual production capacity of 50,000 vehicles, the plant is expected to create 1,000 jobs by the end of this year. Initial models will include the HAVAL H9, POER P30, and the HAVAL H6 series. The plant also supports flexible production of multiple energy types, including hybrid (HEV), plug-in hybrid (PHEV), and diesel.

Since entering the Brazilian market in 2021, GWM has reached annual sales of 29,000 units within just three years, ranking 14th in the market. In the first half of this year, GWM sold over 15,700 vehicles in Brazil, up 19.8% year-on-year—17 percentage points above the industry average—demonstrating the company’s confidence and determination to expand overseas and compete globally.

Rooted in Brazil, expanding across Latin America, and reaching the world, GWM will continue to invest in Brazil, focusing on quality jobs, technological leadership, and R&D. The opening of the Brazil plant marks a new chapter in Chinese automotive globalization. With this plant, GWM will strengthen localized smart manufacturing, deepen its presence in Latin America, and bring its products and services to more global markets.

Hashtag: #GWM

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

DA NANG GLOBAL BUSINESS SUMMIT 2025: A RESOUNDING SUCCESS, USHERING IN A NEW ERA OF COLLABORATION

DA NANG, Vietnam, Aug. 16, 2025 /PRNewswire/ — The Da Nang Global Business Summit 2025, held at Wink Icon Danang Riverside Hotel, brought together distinguished experts and business leaders from both domestic and international enterprises. With the theme Da Nang New Era: Technology-Driven Growth Across Industries, the event focused on exploring opportunities for cooperation, investment, and sustainable growth, especially as Da Nang positions itself to become a leading regional hub for economic development and innovation.

A Gathering of Global and Cross-Sectoral Experts
A Gathering of Global and Cross-Sectoral Experts

The Da Nang Global Business Summit 2025 marked an important milestone as the city continues its strong ascent in a new era of international cooperation and economic transformation. With its strategic location, synchronized infrastructure including international airports, seaports, high-tech parks, and free trade zones, combined with a high-quality living environment and abundant workforce at competitive costs, Da Nang holds immense potential to accelerate and attract global investors.

The summit commenced with a traditional ao dai dance performance, celebrating Vietnamese cultural identity while setting an open and welcoming atmosphere for meaningful connections. Building on this spirit, esteemed speakers from diverse industries and nations shared strategic perspectives on Da Nang’s journey toward becoming a global business hub:

  • Mr. Phuc LeDirector, Da Nang Semiconductor & AI Center, presented on Da Nang’s New Economy”, outlining a vision to transform the city into an international financial and high-tech center, particularly in semiconductors and artificial intelligence.
  • Mr. Jeong PyonDirector of Hospitality Solutions, Asia-Pacific at Duetto, highlighted how AI and Duetto’s optimization solutions empower hotels to enhance operational efficiency and achieve revenue growth under the topic “How AI is Transforming the Hospitality Industry.”

  • Mr. Stefan Wolf – Commercial Director, Wink Hotels, shared “The Wink Revolution: Turning Change into Growth Strategy”, demonstrating how Wink differentiates itself in an increasingly competitive hospitality market.
  • Mr. Michael J. AumockFounder & Managing Director, Ha Long Bay Investment Trading Service Co., Ltd., delivered insights on “Unlocking Vietnam’s Maritime Potential.” He emphasized the enormous opportunities for port development in Da Nang, drawing on the convergence of three key growth factors: comprehensive urban planning, large-scale infrastructure investment, and clear market demand, particularly to attract the luxury customer segment.
  • Ms. Mieke ClaerhoutGeneral Manager, The Marketing House – Vietnam, addressed “The Human Advantage in Global Business”, stressing the critical role of authenticity, empathy, and personal connection in an AI-driven business world.
  • Mr. Steven Hopkinson – Senior Vice President, Asia-Pacific & Middle East, Shiji Group, presented “Understanding Traveler Behavior through Technology”. He underscored the power of personalization by leveraging data and technology to deliver bespoke experiences for premium customers, offering valuable insights into how Da Nang should adapt its strategies to attract this segment moving forward.

Beyond keynote sessions, the summit fostered an open platform where speakers shared success stories and practical experiences on legal, HR, and marketing strategies for international expansion.

Concluding the day, delegates gathered at the Networking Cocktail Night at Sky36 – Da Nang’s highest bar, where strategic conversations and new collaboration opportunities were sparked in a vibrant and relaxed setting.

Towards a Stronger Future for Central Vietnam

With its resounding success, the Da Nang Global Business Summit 2025 is poised to become a pivotal platform connecting global innovators and leaders, opening new avenues for robust growth and collaboration in Central Vietnam.

PR Newswire is the Official Press Release Distribution Partner of Da Nang Global Business Summit 2025

Tan Chong Motor Launches All-New Nissan Magnite in Laos

On 15 August, Tan Chong Motor (Lao) Co., Ltd., the sole distributor of Nissan vehicles in Laos and a subsidiary of Tan Chong Motor Holdings Berhad in Malaysia, officially introduced the All-New Nissan Magnite to the Lao market.

Fruit of Her Labor: How a Young Farmer Is Redefining Agriculture in Laos

The customer were buying fruites from Mimee's fruite stalls in front of her house (Photo: Kheuakham Chanlivong)

A young woman in Luang Prabang is proving that farming can be more than just survival—it can be a source of pride, sustainability, and opportunity. 

Titus Joins Livestreaming Platform SWAG.Live Debut Show with Two Top OnlyFans Creators on August 19 & 20

TAIPEI, Aug. 16, 2025 /PRNewswire/ — Singapore’s most talked-about male influencer Titus Low has officially joined SWAG.Live, Asia’s largest adult livestreaming platform based in Taiwan. His debut will feature two exclusive livestreams on August 19 and 20, airing from 9:00PM to 11:00PM (SG/MY Time).

Top OnlyFans creators Titus Low and Dea Ayu officially join SWAG.Live, making their debut in the livestreaming scene.
Top OnlyFans creators Titus Low and Dea Ayu officially join SWAG.Live, making their debut in the livestreaming scene.

 

Titus Low’s debut on SWAG.Live is scheduled for August 19 and 20. Alongside Dea Ayu, another top female OnlyFans creator is set to make a special appearance
Titus Low’s debut on SWAG.Live is scheduled for August 19 and 20. Alongside Dea Ayu, another top female OnlyFans creator is set to make a special appearance

Two Nights, Two OF Stars, One Unforgettable Live Experience

Titus will appear alongside two well-known content creators from OnlyFans — Dea Ayu and a yet-to-be-revealed special guest — in a new form of real-time digital performance. These shows will highlight interactive features where fans can connect one-on-one with creators in a fully immersive online space.

To celebrate the occasion, SWAG is also rolling out a special promotion for users in Singapore and Malaysia. New users who register and enter the referral code “SWAGSGM” during signup — and complete phone verification — will receive 5,000 free diamonds to use on the platform. Limited quantity available — don’t miss out!

About SWAG.Live

Founded in Taiwan, SWAG.Live is Asia’s leading adult livestreaming platform, offering a wide range of services including live shows, on-demand content, private messaging, and interactive fan experiences. With a fast-growing presence in Southeast Asia, Japan, and English-speaking regions, SWAG.Live connects top creators with fans in real-time — all from a safe and creative digital environment.

Livestream Details
 • Dates: August 19 & 20, 2025
 • Time: 9:00 PM11:00 PM (SG/MY Time)
 • Channel: https://swag.run/titus
 • SWAG ID: @tituslow22

Dea Ayu, one of Indonesia’s top adult creators, is widely followed across Southeast Asia. Her SWAG.Live debut is highly anticipated.
Dea Ayu, one of Indonesia’s top adult creators, is widely followed across Southeast Asia. Her SWAG.Live debut is highly anticipated.

 

SWAG.Live is Asia’s largest adult livestreaming platform
SWAG.Live is Asia’s largest adult livestreaming platform

SWAG.Live Public Relations Department — Contact Email: pr@swag.live

Gemini Files Registration Statement with SEC for Proposed Initial Public Offering

NEW YORK, Aug. 16, 2025 /PRNewswire/ — Gemini Space Station, Inc. (“Gemini”), a global crypto platform, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Gemini intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “GEMI.”

Goldman Sachs & Co. LLC and Citigroup are acting as lead bookrunners. Morgan Stanley and Cantor are also acting as lead bookrunners. Evercore ISI, Mizuho, Truist Securities, Cohen & Company Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, Needham & Company and Rosenblatt are acting as bookrunners. Academy Securities and AmeriVet Securities are acting as co-managers. 

The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, or email: prospectus-ny@ny.email.gs.com; or Citigroup , c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gemini

Gemini is a global crypto platform founded by Cameron and Tyler Winklevoss in 2014. Gemini offers a wide range of crypto products and services for individuals and institutions in over 60 countries. Gemini’s simple, reliable, and secure products are built to unlock the next era of financial, creative, and personal freedom.

Contact

Natalie Rix
Email: press@gemini.com 

Moatable Reports Second Quarter 2025 Financial Results

PHOENIX, Aug. 16, 2025 /PRNewswire/ — Moatable, Inc. (OTC: MTBLY) (“Moatable” or the “Company”), a leading US-based SaaS company, today reported its second quarter 2025 financial results.

Second Quarter 2025 Financial Highlights

  • Revenue increased 26% over Q2 2024 to $19.3 million in Q2 2025; Revenue for the six months ended June 30, 2025, increased 27%, to $37.3 million, compared to the same period last year.
  • Gross profit increased 21% over Q2 2024 to $14.3 million; Gross profit for the six months ended June 30, 2025, increased 23% to $27.7 million, compared to the same period last year.
  • Gain (loss) from operations improved 150% from a loss of $0.8 million in Q2 2024 to a gain of $0.4 million in Q2 2025; loss from operations for the six months ended June 30, 2025, improved 77% to $0.5 million compared to $2.2 million in the same period last year.
  • Adjusted EBITDA* improved 100% from a profit of $0.5 million in Q2 2024 to a profit of $1.0 million in Q2 2025; adjusted EBITDA for the six months ended June 30, 2025, improved 20% to a profit of $0.6 million compared to a profit of $0.5 million in the same period last year.
  • Total cash & cash equivalents and restricted cash of $22.1 million as of the end of Q2 2025 compared to $31.9 million as of the end of 2024.

“We are very pleased with the continued steady revenue growth over the past fourteen quarters and are particularly encouraged by our profitability. We generated a net income of $0.4 million in the second quarter of 2025, compared to a net loss of $0.5 million in the same quarter last year. Our Adjusted EBITDA of $1.0 million profit in Q2 2025 shows significant improvement over that of $0.5 million in the same quarter of 2024, as we continue to rationalize our cost structure and maintain our path to profitability,” said Scott Stone, the chief financial officer of Moatable.

* Adjusted EBITDA is a non-GAAP measure. We define adjusted EBITDA as loss from operations excluding share-based compensation expenses, depreciation and amortization expenses, impairment of intangibles, and certain other non-recurring expenses. See the table “Reconciliation of Non-GAAP Financial Measure to the Comparable GAAP Financial Measure” below for details.

About Moatable Inc.

Moatable, Inc. (OTC Pink: MTBLY) operates two US-based SaaS businesses including Lofty and Trucker Path. Moatable’s American depositary shares, each of which currently represents forty-five Class A ordinary shares, trade on OTC Pink open market under the symbol “MTBLY”. For more news and information on Moatable, please visit Moatable.com.

Forward-Looking Statements

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” and similar statements. Statements that are not historical facts, including statements about Moatable’s beliefs and expectations, including statements on making investments and operating businesses that generate long-term returns for investors, and expectations for future growth and innovation are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Moatable’s goals and strategies; Moatable’s future business development, financial condition and results of operations; Moatable’s expectations regarding demand for and market acceptance of its services; Moatable’s plans to enhance user experience, infrastructure and service offerings. Further information regarding these and other risks is included in our recent annual and quarterly reports on Form 10-K and Form 10-Q and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Moatable does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Non-GAAP Financial Information

This press release includes certain financial measures that are not presented in accordance with U.S. generally accepted accounting principles (“GAAP”), including Adjusted EBITDA.  We define Adjusted EBITDA as loss from operations excluding equity-based compensation, depreciation and amortization, impairment of intangibles, and certain other non-recurring expenses. See “Reconciliation of Non-GAAP Financial Measure to the Comparable GAAP Financial Measure” below.

We believe that these non-GAAP financial measures are provided to enhance the reader’s understanding of our past financial performance and our prospects for the future. Our management team uses these non-GAAP financial measures in assessing the Company’s performance, as well as in planning and forecasting future periods. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies.

 

 

MOATABLE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2025

(In thousands of US dollars)

For the three months ended June 30,

For the six months ended June 30,

2024

2025

2024

2025

Revenues:

SaaS revenue

$

15,249

$

19,237

$

29,231

$

37,195

Other services

40

39

81

81

Total revenues

15,289

19,276

29,312

37,276

Cost of revenues:

SaaS business

3,464

4,942

6,744

9,499

Other services

36

41

72

70

Total cost of revenues

3,500

4,983

6,816

9,569

Gross profit

11,789

14,293

22,496

27,707

Operating expenses

Selling and marketing

4,886

4,440

8,962

10,163

Research and development

4,555

6,069

9,013

11,830

General and administrative

3,136

3,338

6,534

6,242

Impairment of intangible assets

207

Total operating expenses

12,577

13,847

24,716

28,235

Gain (loss) from operations

$

(788)

$

446

$

(2,220)

$

(528)

 

 

RECONCILIATION OF NON-GAAP FINANCIAL MEASURE TO THE COMPARABLE GAAP
FINANCIAL MEASURE

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2025

(In thousands of US dollars)

For the three months ended June 30,

For the six months ended June 30,

2024

2025

2024

2025

Gain (loss) from operations

$

(788)

$

446

$

(2,220)

$

(528)

Plus (minus)

Stock-based compensation expense

653

245

1,325

374

Depreciation and amortization expenses

192

352

425

704

Impairment of intangibles

207

Correction of prior period error

(283)

(833)

Provision for insurance reimbursements
receivable

737

737

Arbitration fees

15

847

Adjusted EBITDA

$

526

$

1,043

$

488

$

550

 

 

 

NYSE, Money20/20, FINTECH.TV, Cheddar Announce Premiere Date for “Taking Stock”

Taking Stock: Fast-Paced, Immersive Financial Coverage Live from the NYSE Trading Floor Delivers Real-Time Market Updates and Breaking Stories

NEW YORK, Aug. 16, 2025 /PRNewswire/ — The highly anticipated fintech show Taking Stock, born from the collaboration between the New York Stock Exchange (NYSE), Money20/20, FINTECH.TV and Cheddar will officially premiere on August 18, 2025, airing Monday-Friday from 3:58 pm to 4:30 pm ET.

 

NYSE, Money20/20, FINTECH.TV, Cheddar Announce Premiere Date for “Taking Stock”

First unveiled in June at Money20/20 Europe, Taking Stock blends live reporting from the NYSE trading floor with insights from top industry voices, on-location coverage of major fintech events, and a highly interactive, social-first approach. Designed to inform, entertain, and engage, the show will reach a combined audience of 10s of million viewers across broadcast, streaming, and social platforms.

The series will be hosted by award winning journalist J.D. Durkin, known for his sharp market analysis, engaging on-air presence, and ability to translate complex financial topics into accessible, compelling narratives. Durkin will anchor the program from the NYSE trading floor, guiding viewers through breaking news, expert interviews, and stories driving the future of money.

“There’s something electric about being on the NYSE floor as the bell rings and the day’s final trades come through,” said J.D. Durkin. “Our job with Taking Stock is to take that energy, pair it with expert insight, and deliver it to viewers in a way that feels both immediate, meaningful and easy to digest.”

August 18 marks more than just the debut of a new show — it’s the start of a daily touchpoint for anyone who wants to understand where money and technology are heading next,” said Scarlett Sieber, Chief Strategy & Growth Officer at Money20/20. “We are thrilled to be part of a show that is truly going to change the game on what a fintech media show should be.”

At Cheddar, the excitement is equally high. Lauren Babbage, VP of Content, explained: “Cheddar has always believed that business news can be bold, fast-moving, and engaging. With Taking Stock, we’re joining forces with incredible partners to deliver that same energy to the fintech space — right as the market wraps for the day.”

For FINTECH.TV, Taking Stock is a natural extension of its mission to connect the global fintech community. “This show brings the heartbeat of the NYSE to audiences worldwide in real time,” said Troy McGuire, Head of Content & Programming at FINTECH.TV. “It’s fast, informed, and built for today’s viewers.”

“The end of the trading day is more than just a number on a screen — it’s the moment the market tells its story,” said Joe Benarroch, Head of Content, Media Partnerships & Distribution, NYSE. “With Taking Stock, we’re able to capture that story as it happens, tie it to the larger forces shaping finance and technology, and share it in a way that connects with people whether they’re on the floor of the Exchange or halfway around the world.”

Broadcast Time

  • Premiere Date: Monday, August 18, 2025
  • Schedule: Daily, 3:58pm4:30 pm ET, taking you through the NYSE Closing Bell

Where can I view Taking Stock:

Watch on X.com/NYSE, Cheddar, FINTECH.TV, and StockTwits for the full social first vertical video experience

Click here to download the NYSE TV App

Video – https://mma.prnasia.com/media2/2751689/Taking_Stock_Open.mp4