25.6 C
Vientiane
Monday, September 1, 2025
spot_img
Home Blog Page 88

From “Market Blindness” to “Investor Magnet”: Korean PropTech Game Changer Wins Over 50 Clients Including GIC and DWS in Just 8 Months

SEOUL, South Korea, Aug. 21, 2025 /PRNewswire/ — Korean PropTech startup RSQUARE‘s RA (Rsquare Analytics) solution is reshaping how global investors view the Korean commercial real estate market.

Until recently the market forced multi-million-dollar investment decisions to be made with limited transparency. Investors had to contact dozens of brokers or rely on personal networks to obtain even basic data such as prime office rent or vacancy rates. The information gathered was often inconsistent, keeping foreign capital away for decades.

In 2023 RSQUARE launched RA, a platform recognized as a milestone in digital innovation for commercial real estate. It holds over 300,000 data points covering 1,600 office buildings and 1,100 logistics centers. A team of 60 experts conducts quarterly on-site surveys to verify details not found in building registries, including actual rental rates, loading dock capabilities and temperature-controlled storage specifications.

The market reaction was swift. German asset manager DWS, with EUR 900 billion in assets, was the first to adopt the platform. Singapore’s sovereign wealth fund GIC, with USD 690 billion under management, followed along with Hong Kong–based PAG, one of Asia’s largest private equity firms. Within eight months RSQUARE had signed over 50 major clients including global investment institutions, asset managers, securities firms and construction companies.

For these institutions adopting RA was more than just using a new service. Large investors that are normally cautious with new data sources shortened their review period and implemented the platform. This shows that RA’s quality and reliability meet global standards. It also addresses long-standing transparency concerns in the Korean market, helping reduce the “Korea Discount” that foreign investors have traditionally applied.

RA provides real-time, nationwide commercial property data including valuations, leasing history, tenant mix, lease expiry schedules, rent trends, vacancy rates and building specifications. Information that once required informal networks or costly consulting is now accessible instantly, enabling a shift from relationship-driven deals to data-based investment decisions.

RSQUARE aims to expand beyond Korea. In June, only six months after entering Vietnam, the company passed KRW 10 billion in revenue and announced plans to move into other Southeast Asian markets. Its long-term goal is to replicate its success in cities such as Bangkok, Manila and Jakarta.

“Transparency attracts capital. When investors can access data of the same quality as in London or New York, the risk of Korean assets drops and competitiveness rises,” said RSQUARE. “We have already modernized one of Asia’s key real estate markets and will continue to modernize others across the region and the world.”

Hyundai Mobis acquires semiconductor development process certification for ISO 26262 ASIL-D

  • Received the highest grade for the entire R&D process, from design to quality verification
  • Plans to mass-produce 20 million units of 16 major semiconductors developed in-house this year, and has established an R&D environment at the global top level
  • Takes the lead in expanding the domestic automotive semiconductor partnership ecosystem

SEOUL, South Korea , Aug. 21, 2025 /PRNewswire/ — Hyundai Mobis has obtained the highest grade of ISO 26262 certification, an international standard for functional safety, for its entire vehicle semiconductor R&D process. It is noted that this rigorous certification was obtained not for specific products, but for the entire process ranging from semiconductor design to quality verification.

This certification means that when Hyundai Mobis designs semiconductors through the standardized R&D process in the future, the semiconductors designed through the process will have the same level of reliability as those certified as products. Hyundai Mobis plans to actively share these achievements and know-how with its major partners and take the lead in expanding the domestic automotive semiconductor ecosystem.

Hyundai Mobis announced on the 21st that it has obtained ISO 26262: 2018 2nd edition from Exida, a world-renowned automotive functional safety and cybersecurity certification agency based in Germany. ISO 26262 is an international standard for preventing safety accidents in automotive electrical and electronic systems.

Along with ISO 26262 certification, Hyundai Mobis received the highest D grade in the Automotive Safety Integrity Level (ASIL). ASIL is divided into four levels from A to D, with D requiring a strict reliability of 99% or higher to prevent safety accidents.

With this certification, Hyundai Mobis has proven its semiconductor design capabilities and technological stability through an authoritative external institution. These achievements can be attributed to Hyundai Mobis’ acquisition of Hyundai Autron in 2021, which enabled the company to begin mass production of its own semiconductors this year, backed by its industry-leading R&D environment.

  • A total of 16 types of semiconductors are scheduled to be mass-produced at 20 million units this year…expected to lead to the companys improved competitiveness in core components

Hyundai Mobis expects this certification to enhance the competitiveness of its self-designed semiconductors and controllers and other components equipped with them. As the importance of semiconductors grows, customers are increasingly preferring suppliers with standard certifications. This certification will also positively impact Hyundai Mobis’ competitiveness in global automotive component supply contracts.

“With this certification, we have secured a strategic foundation in the automotive semiconductor sector, which will determine future mobility competitiveness. We will take the lead in establishing an R&D environment that emphasizes functional safety by strengthening partnerships with major domestic and international companies while internalizing technology,” said Lee Hee Hyun, Vice President of Hyundai Mobis’ System Semiconductor R&D Group.

Currently, Hyundai Mobis is mass-producing a total of 16 types of semiconductors, including ASIL-D-rated integrated semiconductors for airbags, power semiconductors for eco-friendly vehicles, integrated semiconductors for motor control, and power semiconductors for AVN (audio, video, and navigation) electronic components, through external foundries. The number of semiconductors to be mass-produced this year alone will exceed 20 million.

Hyundai Mobis is also accelerating research and development with the goal of completing 11 next-generation semiconductors, including semiconductors for battery management systems, lamps, and communication, and a system on a chip (SoC) for networks, within three years. To this end, the company is also collaborating with major domestic foundry companies.

  • Jointly enhancing the technological competitiveness of K-automotive semiconductors…expanding the ecosystem through sharing know-how with partner companies

Hyundai Mobis plans to actively communicate and share the know-how it has acquired through functional safety certification with major domestic and overseas partners. At the same time, it will also work to expand its own domestic automotive semiconductor ecosystem in Korea.

In fact, Hyundai Mobis is increasing its collaboration with major domestic semiconductor companies. The company established a joint lab with Global Technologies, a semiconductor design specialist, this year and achieved research and development results in semiconductors for next-generation smart ambient lighting. It has also completed the development of an integrated drive semiconductor with Dongwoon Anatech and is now moving into its mass production.

Hyundai Mobis is also strengthening partnerships with leading domestic foundry companies to expand the scope of collaboration, including process optimization. Additionally, it plans to enhance cooperation with design houses that serve as intermediaries between fabless and foundry companies, semiconductor packaging companies, and specialized firms in design, analysis, and verification, as well as research institutions.

About Hyundai Mobis

Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com

Media Contact 
Choon Kee Hwangckhwang@mobis.com
Jihyun Han : jihyun.han@mobis.com

Vingroup Ranked Vietnam’s Largest Private Contributor to the State Budget


HANOI, VIETNAM – Media OutReach Newswire – 21 August 2025 Vingroup (Ticker: VIC) has been recognized as the largest private contributor to Vietnam’s state budget, with total payments exceeding VND 56.2 trillion. This figure accounts for nearly 40% of the total contributions from the Top 10 enterprises on the list.

The National Exhibition Fair Center, inaugurated on August 19, stands as a testament to Vingroup's credibility and execution capability.
The National Exhibition Fair Center, inaugurated on August 19, stands as a testament to Vingroup’s credibility and execution capability.

According to the PRIVATE 100 ranking of Vietnam’s top 100 private enterprises by tax contribution, published by the CafeF, Vingroup paid more than VND 56.2 trillion into the state budget in 2024, representing an 82% increase compared to 2023. Vingroup’s payments made up 23% of the Top 100’s total contributions and nearly 40% of the Top 10.

This is the second consecutive year CafeF has published the PRIVATE 100 list, which is based on actual payments made during a full fiscal year. Vingroup’s continued leadership in the ranking is a clear testament to its credibility, social responsibility, and the effective, sustainable business model of its entire ecosystem.

In addition to being the largest taxpayer, Vingroup is also Vietnam’s largest private conglomerate and one of the nation’s leading corporations. As of June 30, 2025, Vingroup’s total assets reached VND 964,439 billion; consolidated net revenue and post-tax profit for the first half of 2025 were VND 130,366 billion and VND 4,509 billion, respectively.

Vingroup’s two core business pillars, Technology – Industry and Real Estate & Services, achieved impressive growth. In the Industrials & Technology segment, VinFast delivered 72,167 electric vehicles worldwide in the first six months of 2025, a 3.2-fold increase year-on-year. In Vietnam, VinFast maintained its position as the market leader with 67,569 cars delivered, while also setting a new record in electric two-wheelers with 114,484 units handed over. These results reinforce VinFast’s pioneering role in driving the green transition.

In Real Estate & Services, Vinhomes remained Vietnam’s real estate leader, recording VND 67,504 billion in contracted sales and an additional VND 138,208 billion in unbilled bookings (as of June 30, 2025). Vinhomes was also the top real estate taxpayer in 2024, according to the PRIVATE 100 ranking. Other key subsidiaries, including Vincom Retail and Vinpearl, posted revenues of VND 4,274 billion and VND 5,912 billion respectively, maintaining their leadership in retail real estate and tourism.

Notably, on August 11, 2025, Vingroup announced the addition of two new pillars, Infrastructure (high-speed rail, bridges, ports, logistics, etc.) and Green Energy (solar, wind, and energy storage systems). These sectors are expected to unlock breakthrough growth potential, further contribute to the state budget, and strengthen the role of the private sector as the new driver of Vietnam’s development.

Vingroup contributes meaningfully to society through its Social Enterprises pillar. In August 2025, the Group’s Kind Heart Foundation was awarded the First-Class Labor Order, recognizing 19 years of tireless charitable efforts, supporting millions of disadvantaged individuals, and promoting sustainable community development with total disbursements of VND 30 trillion.

On August 19, 2025, Vingroup also proudly received the First-Class Labor Order for completing the National Exhibition Fair Center 15 months ahead of schedule. This milestone was dedicated to Vietnam’s 80th National Day and marks a significant contribution to the socio-economic development of Hanoi and the nation.

Vingroup’s repeated recognition at the national level, alongside its consistent top rankings in reputable business evaluations, is clear evidence of its growth potential, social responsibility, and long-term commitment to sustainable development.

Hashtag: #Vingroup

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

Huawei Set to Unveil New Wearables, Tablets, and Phones in Paris on September 19

PARIS, Aug. 21, 2025 /PRNewswire/ — Huawei will host its “Ride the Wind” Innovative Product launch on September 19 in Paris, France. The event will see the unveiling of the brand-new HUAWEI WATCH GT 6 series, which provides cutting-edge fitness and health features, as well as highly-anticipated smartphone and tablet products.

Huawei Set to Unveil New Wearables, Tablets, and Phones in Paris on September 19
Huawei Set to Unveil New Wearables, Tablets, and Phones in Paris on September 19

Since first entering the smart wearables market in 2015, Huawei has introduced a wide range of products that were well received by consumers worldwide. As of June 2025, the company had shipped over 200 million wearables. In the first quarter of 2025, Huawei wearable shipments increased year-on-year by 42.4%, placing the company first in the global wearables market[1].

Over the past decade, Huawei has been driving innovation and redefining industry boundaries. The HUAWEI WATCH GT 5 Series packed the groundbreaking TruSense system, which made health monitoring more versatile and nimbler than ever. The HUAWEI WATCH 5 Series featured dual-battery functionality, to balance high-level performance with impressive battery life. The HUAWEI WATCH Ultimate Series provided specialized diving, golf, and outdoor excursion modes, for daring adventurers. With their more than 100 workout modes, stylish designs, and customizable features, Huawei products raised the bar on wearable performance.

Huawei tablets have captivated users as well, thanks to attributes like the pioneering PaperMatte Display and seamless productivity-boosting tools. The HUAWEI PaperMatte Display and M-Pencil has made digital reading and handwriting easier than ever, and apps like GoPaint[2] and HUAWEI Notes have made digital creation newly accessible. Next month’s event will also see the launch of a global GoPaint[3] creative activity, to spur a new generation of creators to even greater heights.

This year, Huawei CBG’s brand philosophy also takes a bold step forward. With the upcoming product launch, Huawei aims to deepen its ties to young users by promoting high-end, fashion-forward, and technology-driven products and technologies that bridge digital and geographic barriers, and cultivate new creative communities.

[1] Data source: IDC Worldwide Quarterly Wearables Tracker, 2025Q1

[2] GoPaint is a digital creation app available exclusively on Huawei tablets.

[3] HUAWEI GoPaint Worldwide Creating Activity is a platform for anyone who loves to create, to express themselves, inspire creativity, and empower more people to engage in art creation.

 

 

FDA clearance of Salix® Coronary Plaque module

 Significantly expands U.S. commercial opportunity with ability to charge fees per scan assessed

Investor Webinar – 11.30am AEST (9.30am AWST) on 22 August 2025

PERTH, Australia, Aug. 21, 2025 /PRNewswire/ — Artrya Limited (ASX: AYA) (Artrya or the Company), a medical technology company commercialising its Salix® AI-powered cloud platform, for the near real time, point of care assessment and management of coronary artery disease, is pleased to announce it has received 510(k) clearance from the U.S. Food and Drug Administration (the FDA) for Artrya’s proprietary, Salix® Coronary Plaque module. This regulatory clearance is a major milestone in Artrya’s U.S. market launch which commenced in July and will greatly expand the revenue opportunity with current and future customers.

Key Points

  • Major milestone as Artrya receives FDA 510(k) clearance for the Salix® Coronary Plaque module
  • Salix® Coronary Plaque module enables near real-time, point-of-care detection of high-risk plaque – a key predictor of heart attack[1] often missed using current manual practices
  • Salix® Coronary Plaque module integrates seamlessly with FDA-cleared Salix® Coronary Anatomy platform which is already commercial with Tanner Health
  • Significantly expands U.S. commercial launch with ability to charge a fee per scan assessed with Salix® Coronary Plaque module – U.S. Category 1 CPT reimbursement rate US$950[2] for each assessment

John Konstantopoulos, Co-Founder and CEO of Artrya, said:

“We are thrilled to have received FDA clearance of our Salix® Coronary Plaque module, which opens up a much greater revenue opportunity for us in the U.S., our largest market. The team have worked tremendously hard to prepare and support the submission which we lodged on the 16th of June, and we intend to build on this as we approach our next submission for the Salix® Coronary Flow module.

Our momentum is definitely building, with the core Salix® Coronary Anatomy platform now commercial in Tanner Health, and integration of Northeast Georgia Health System and Cone Health progressing well. Once live, we simply enable the Salix® Coronary Plaque module in their workstream, providing their clinicians access to our highly detailed assessment of coronary artery plaque in under ten minutes. We know these clinicians tremendously value the speed, ease and efficiency that our Salix® platform and plaque module offers, as they seek to rapidly diagnose patients and provide those in need with lifesaving treatment.

As we move forward, our ability to generate revenue from our U.S. customers for each CCTA scan they assess with our Salix® Plaque module, provides us the ability to scale rapidly. This is underpinned by the ability of our customers to receive an attractive Category 1 reimbursement of US$950[2] for each plaque assessment they perform.”

FDA 510(k) clearance of Salix® Coronary Plaque module

Artrya has received FDA 510(k) clearance of the Salix® Coronary Plaque module, a proprietary artificial intelligence-enabled module for detecting and quantifying coronary artery plaque. The Salix® Coronary Plaque module enables a near real-time, point-of-care assessment of plaque and stenosis for patients who have undergone a coronary CT angiogram (CCTA).  A CCTA scan is now the recommended front line diagnostic scan for assessing patients with known or suspected coronary artery disease.

The Salix® Coronary Plaque module is already embedded within the same user interface as the Salix® Coronary Anatomy platform and can immediately be enabled in the live version of the platform following this FDA clearance. This makes the expanded Salix® technology offering available to clinicians, with assessments available to them in less than 10 minutes and without changing or using multiple systems, as required with competing technology.

[1] Low-Attenuation Noncalcified Plaque on Coronary Computed Tomography Angiography Predicts Myocardial Infarction: Circulation. 2020;141(18):1452-1462. doi:10.1161/CIRCULATIONAHA.119.044720

[2] Cardiovascular Business – CMS significantly increases Medicare payments for cardiac CT

Commercial opportunity for Salix® Coronary Plaque module

Coronary artery disease (CAD) remains the leading cause of death and the largest category of U.S. healthcare expenditure, with costs projected to exceed US$1 trillion by 2035[3]. Coronary artery plaque remains difficult to detect with current methods and in over 50%[4] of the population, the first sign of the disease is sudden death. More than 4.4 million[5] CCTA scans are performed each year in the U.S., growing at over 6% annually[6].

The U.S. government has also increased reimbursement rates paid for assessing CCTA scans, due to the high incidence and benefits for earlier intervention. Now that Artrya’s Salix® Coronary Plaque module is cleared, it automatically qualifies for a Category I CPT code for automated plaque analysis of CCTA scans, with reimbursement of US$950 per assessment from January 1, 2026.

Artrya’s go to market strategy for the U.S. is built around three strategic partnerships with mid-sized U.S. hospital systems. The first of these, Tanner Health, signed a commercial agreement for clinical use of the Salix® Coronary Anatomy platform in July 2025 and the integration of Northeast Georgia Health and Cone Health is progressing and will be completed in coming months. This is Artrya’s most immediate commercial opportunity and will be the focus before adding additional customers.

Artrya is also collaborating with several major U.S. hospital centres to participate in the upcoming SAPPHIRE study. These centres will use the Salix® Coronary Plaque module and will gain awareness and understanding of the benefits that Salix® can provide. A key strategy moving forward will be to build on this awareness and clinical utility to seek to transition these centres to commercial customers.

Investor Webinar

The Company’s Co-Founder and CEO John Konstantopoulos, will host an Investor Webinar at 11.30am AEST (9.30am AWST) on 22 August 2025, to discuss the FDA clearance and the business outlook. A recording of the webinar will be available on the Investor Centre section of the Company’s website for 60 days after the call. Shareholders will also have an opportunity to participate in a Q&A session at the end of the briefing.

Date:                     22 August 2025
Time:                     9:30am AWST / 11:30am AEST
To pre-register for this conference, please use the following link below:
https://artrya.zoom.us/webinar/register/WN_9ke5TnZATEGINQn6ZUq-VQ

– Ends –

This ASX Announcement is authorised for release by the Board of Artrya Limited.

[3] Cardiovascular Disease: A Costly Burden for America – Projections Through 2035. American Heart Association

[4] Comprehensive plaque assessment by coronary CT angiography. Nat Rev Cardiol 11, 390–402 (2014)

[5] Frost & Sullivan Analysis – Artrya Prospectus

[6]  Diagnostic and Interventional Cardiology (DIAC) – Rising Demand for Cardiac CT Positions Market for Major Growth

About Artrya

Artrya Limited (ASX:AYA) is an Australian medical technology company developing AI-powered solutions to improve the detection and management of coronary artery disease. Its proprietary software analyses coronary CT scans to Identify key biomarkers of heart disease, supporting clinicians in diagnosing patients more accurately and efficiently. Artrya’s mission is to advance cardiac care through Innovative technology, with regulatory and commercial activities underway across key international markets.

For more information visit www.artrya.com or follow us on LinkedIn at www.linkedin.com/company/artrya 

Forward Looking Statements

This Announcement may contain forward-looking statements, including estimates, projections and other forward-looking information (Estimates and Projections). Forward-looking statements can generally be identified by the use of forward-looking words such as “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “predict”, “plan”, “propose”, “will”, “believe”, “forecast”, “estimate”, “target”, “outlook”, “guidance” and other similar expressions within the meaning of securities laws of applicable jurisdictions and include, but are not limited to, indications of, or guidance or outlook on, future earnings or financial position or performance of Artrya. The Estimates and Projections are based on information available to Artrya as at the date of the Announcement, are based upon management’s current expectations, estimates, projections, assumptions and beliefs in regards to future events in respect to Artrya’s business and the industry in which it operates which may in time prove to be false, inaccurate or incorrect. The Estimates and Projections are provided as a general guide and should not be relied upon as an indication or guarantee of future performance. The bases for these statements are subject to risk and uncertainties that might be out of control of Artrya and may cause actual results to differ from the Announcement. No representation, warranty, or guarantee, whether express or implied, is made or given by Artrya in relation to any Estimates and Projections, the accuracy, reliability, or reasonableness of the assumptions on which the Estimates and Projections are based, or the process of formulating any Estimates and Projections, including that any Estimates and Projections contained in this Announcement will be achieved. Artrya takes no responsibility to make changes to these statements to reflect change of events or circumstances after the release.

For more information:

Corporate Enquiries

Investor & Media Enquiries

John Konstantopoulos

Co-Founder and Chief Executive Officer
Tel:       +61 8 6478 7816
Email:   contact@artrya.com

David Allen or John Granger

Hawkesbury Partners
Tel:     +61 499 100 038 or +61 410 577 155
Email:    investors@artrya.com 

 

FNZ reaches record milestone of US$2 trillion in Assets on Platform

  • Assets on Platform have grown by 406% over the last five years
  • This milestone reinforces FNZ’s position as one of the world’s largest wealth management platforms
  • FNZ now partners with over 650 financial institutions, more than 12,000 wealth management firms and serves over 26 million end investors globally
  • 6 out of the top 10 most recommended UK adviser platforms use FNZ technology, according to recent analysis conducted by Defaqto
  • Builds on FNZ’s purpose to open up wealth by making wealth management more accessible and personalized to more people

LONDON and NEW YORK, Aug. 21, 2025 /PRNewswire/ — FNZ, the global wealth management platform, has today announced that it has reached a record milestone of US$2 trillion in Assets on Platform.

This achievement reinforces FNZ’s leadership position in the global wealth industry and highlights its growing role in transforming the way wealth management services are delivered.

It also reflects the accelerating global demand for FNZ’s market-leading, AI-powered, end-to-end technology. Leveraging this has enabled its partners to deliver faster innovation, deeper personalization and significantly lower costs.

Recent growth in Assets on Platform has been underpinned by new client wins, expansion of mandates with existing customers and organic market growth across several major geographies. Over the last five years, Assets on Platform have grown by 406% (38.3% annualised), reflecting the sustained momentum in FNZ’s business globally.

Founded in 2003, FNZ partners with many of the world’s leading banks, insurers and wealth managers to deliver integrated technology, operations and market solutions.

Today, FNZ operates in most of the world’s major markets, serving over 26 million customers, and continues to expand its platform to meet the evolving needs of the industry.

In the UK, FNZ customers also feature strongly in Defaqto’s latest list of the top 10 most recommended adviser platforms, with six of them using FNZ technology, as voted for by UK advisers.

Blythe Masters, Group CEO of FNZ, said:

“Surpassing US$2 trillion in Assets on Platform is a powerful demonstration of the strength of our platform, the dedication of our people and the deep, long-term partnerships we have with our clients.

“We only succeed when our clients succeed, and we remain relentlessly focused on supporting their ambitions, as we use technology to empower advisors and make saving for the future easier for everyone.

“We are incredibly excited about the future, harnessing our scale, technology and expertise to open up wealth and support our clients in delivering innovative, efficient and personalized wealth management and market services to millions of end investors.”

FNZ works with over 650 financial institutions and more than 12,000 wealth management firms worldwide, including Aberdeen, AJ Bell, Allianz, Aviva, Bank of Montreal, Barclays, BNZ, Colonial First State, Consilium, Lloyds Banking Group, NAB, Nucleus Financial Platforms Group, Quilter, Raymond James, UOB Asset Management and Vanguard.

FNZ is backed by some of the world’s largest institutional shareholders, including La Caisse (formerly CDPQ), Canada Pension Plan Investment Board (CPP Investments), Generation Investment Management and Motive Partners.

Atmos Funded to Host First Thailand Seminar Offering Up to USD 400,000 in Trading Capital


BANGKOK, THAILAND – Media OutReach Newswire – 21 August 2025 – Atmos Funded, a global prop trading firm backed by leading broker Taurex, will host its first major seminar in Thailand on August 30, 2025, from 12:00 PM to 5:00 PM at the Centara Grand at CentralWorld, Bangkok.

The Speakers: Coach Joe and Connor Woods
The Speakers: Coach Joe and Connor Woods

Tailored specifically for the Thai trading community, the Atmos Funded Bangkok Seminar will be conducted entirely in Thai, offering traders, aspiring traders, and financial market enthusiasts the chance to learn directly from industry-leading experts. Professional interpreters will also be available to assist non-Thai speakers, ensuring an inclusive and interactive learning experience.

The event will feature exclusive sessions on day trading strategies, risk management, and funding opportunities, including how Thai traders can access up to USD 400,000 in trading capital through Atmos’ structured challenges. Attendees will also benefit from a live Q&A with Atmos Funded representatives, along with on-site promotions, giveaways, and networking opportunities with other members of the trading community.

Featured speakers include:

  • Coach Joe – Fully funded professional trader, trading coach, and systems developer with over five years of experience. Founder of KZy VERSE and creator of leading automated trading systems, Joe manages more than USD 500,000 in prop trading firm portfolios, specialising in algorithmic strategies, portfolio growth, and mentoring traders worldwide.
  • Connor Woods – Fully funded trader, senior market analyst, and founder of the upcoming Taurex Trading Academy. Connor specialises in Smart Money concepts, macroeconomics, and risk management, delivering actionable market analysis and structured trading education in collaboration with Taurex and Atmos Funded.

Nick Cooke, Atmos CEO, said: “We see Thailand and Southeast Asia as a region of significant importance for the trading world. We recognise the skill and potential of Thai traders, and this seminar reflects our commitment to engaging with the local community, sharing knowledge, and supporting their growth in professional trading.”

Registration for the Atmos Funded Bangkok Seminar is now open. Further information, including the full program schedule and speaker details, is available at https://atmosfunded.com/bangkok-2025/.

Hashtag: #atmosfunded

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

About Atmos Funded

Atmos Funded is a leading prop trading firm, backed by Taurex, dedicated to helping traders worldwide access funded accounts and scale their trading careers. By combining advanced technology, structured evaluation programs, and trader-focused support, Atmos Funded empowers retail and professional traders to trade with confidence, improve consistency, and achieve sustainable growth. With a strong commitment to education, mentorship, and community development, Atmos Funded continues to expand globally, providing opportunities for traders in key markets, including Southeast Asia and Thailand.

OneConnect Announces First Half 2025 Unaudited Financial Results

SHENZHEN, China, Aug. 21, 2025 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service provider for the financial services industry in China, today announced its unaudited financial results for the six months ended June 30, 2025.

First Half 2025 Financial Highlights

  • Revenue from continuing operations[1] was RMB801 million, compared to RMB1,416 million during the same period last year.
  • Gross margin of continuing operations was 26.1%, compared to 37.1% during the same period last year.
  • Loss from continuing operations attributable to shareholders was RMB78 million, compared to RMB70 million during the same period last year. Net margin of continuing operations to shareholders was -9.8%, compared to -5.0% during the same period last year.
  • Loss from continuing operations per basic and diluted ADS was RMB-2.16, compared to RMB-1.94 during the same period last year.

[1] As previously reported, the Company completed the disposal of its virtual bank business (the “discontinued operations”) to Lufax Holding Ltd (“Lufax”) for a consideration of HK$933 million in cash on April 2, 2024. As a result of the disposal, the historical financial results of the Virtual Banking Business segment are now reflected as “discontinued operations” in the Company’s condensed consolidated financial information and the historical financial results of the remaining business of the Company are now reflected as “continuing operations” in the Company’s condensed consolidated financial information for the six months ended June 30, 2025 and for the comparative period in 2024.

 

In RMB’000, except percentages
and per ADS amounts

Six Months Ended

June 30

YoY

2025

2024

Continuing operations

Revenue

Revenue from Ping An Group and Lufax[1]

384,046

935,599

-59.0 %

Revenue from third-party customers

417,111

480,170

-13.1 %

Total

801,157

1,415,769

-43.4 %

Gross profit

209,161

525,782

Gross margin[3]

26.1 %

37.1 %

Operating loss

(105,691)

(105,502)

Operating margin[3]

-13.2 %

-7.5 %

Loss from continuing operations attributable to shareholders

(78,495)

(70,485)

Net margin of continuing operations to shareholders[3]

-9.8 %

-5.0 %

Loss from continuing operations per ADS[2], basic and diluted

(2.16)

(1.94)

(Loss)/Profit from continuing and discontinued operations attributable to shareholders

(78,495)

139,014

Net margin of continuing and discontinued operations to shareholders[3]

-9.8 %

9.8 %

(Loss)/Earnings from continuing and discontinued operations per ADS, basic and diluted

(2.16)

3.83

 

[1] Reference is made to the announcement made by Ping An Group on October 21, 2024. Lufax became a subsidiary of Ping An Group on July 30, 2024. Therefore, the Company’s revenue from Ping An Group shown in this table included revenue from Lufax since July 30, 2024. Revenue from Lufax for the half year ended June 30, 2024 was approximately RMB113 million.

[2] In RMB. Each ADS represents 30 ordinary shares.

[3] Gross margin is calculated as gross profit divided by total revenue from continuing operations for the period. Operating margin is calculated as operating loss divided by total revenue from continuing operations for the period. Net margin to shareholders is calculated as the (loss)/profit attributable to shareholders divided by total revenue from continuing operations for the period.

Revenue from Continuing Operations Breakdown

Six Months Ended

In RMB’000, except percentages

June 30

YoY

2025

2024

Implementation

291,417

326,086

-10.6 %

Transaction-based and support revenue

 Business origination services

9,942

22,775

-56.3 %

 Risk management services

105,785

126,514

-16.4 %

 Operation support services

309,517

265,391

16.6 %

 Cloud services platform

2,349

607,416

-99.6 %

 Post-implementation support services

38,842

29,348

32.3 %

 Others

43,305

38,239

13.2 %

 Sub-total for transaction-based and support revenue

509,740

 

1,089,683

-53.2 %

Total Revenue from Continuing Operations

801,157

1,415,769

-43.4 %

Revenue from continuing operations was RMB801 million in the first half of 2025, a decrease of 43.4% from RMB1,416 million during the same period last year, primarily due to a decrease of RMB605 million in revenue from cloud services platform. Implementation revenue was RMB291 million in the first half of 2025, a decrease of 10.6% from RMB326 million during the same period last year, mainly due to a decrease in demand for implementation of financial services systems in China. Revenue from business origination services was RMB10 million in the first half of 2025, a decrease of 56.3% from RMB23 million during the same period last year, primarily due to a decrease in transaction volumes from loan origination systems under digital credit management solutions. Revenue from risk management services was RMB106 million in the first half of 2025, a decrease of 16.4% from RMB127 million during the same period last year, mainly due to a decrease in transaction volumes from banking related risk analytic solutions. Revenue from operation support services was RMB310 million in the first half of 2025, an increase of 16.6% from RMB265 million during the same period last year, primarily due to increased transaction volumes from insurance solutions. Revenue from cloud services platform was RMB2 million in the first half of 2025, a decrease of 99.6% from RMB607 million during the same period last year, primarily due to the strategic phasing out of the cloud services since July 2024, details of which were previously disclosed in our announcement dated July 11, 2024 regarding an update on our business operations. Revenue from post-implementation support services was RMB39 million in the first half of 2025, an increase of 32.3% from RMB29 million during the same period last year, primarily due to increased demand for our post-implementation support services from our overseas customers.

Six Months Ended

In RMB’000, except percentages

June 30

YoY

2025

2024

Digital Banking segment

241,114

261,832

-7.9 %

Digital Insurance segment

287,866

258,977

11.2 %

Gamma Platform segment

272,177

894,960

-69.6 %

Total Revenue from Continuing Operations

801,157

1,415,769

-43.4 %

Revenue from Gamma Platform segment was RMB272 million in the first half of 2025, a decrease of 69.6% from RMB895 million during the same period last year, primarily due to the strategic phasing out of cloud services. Revenue from Digital Banking segment was RMB241 million in the first half of 2025, a decrease of 7.9% from RMB262 million during the same period last year, mainly due to a decrease in transaction volumes from business origination and risk management services. Revenue from Digital Insurance segment was RMB288 million in the first half of 2025, an increase of 11.2% from RMB259 million during the same period last year, mainly due to an increased demand for digital property and casualty insurance solutions.

First Half 2025 Financial Results

Revenue from Continuing Operations

Revenue from continuing operations was RMB801 million in the first half of 2025, a decrease of 43.4% from RMB1,416 million during the same period last year, primarily due to a decrease in revenue from cloud services platform.

Cost of Revenue from Continuing Operations

Cost of revenue from continuing operations was RMB592 million in the first half of 2025, a decrease of 33.5% from RMB890 million during the same period last year, which was mainly due to revenue decrease.

Gross Profit from Continuing Operations

Gross profit from continuing operations was RMB209 million in the first half of 2025, compared to RMB526 million during the same period last year. Gross margin of continuing operations was 26.1%, compared to 37.1% in the prior year. The decrease in gross margin of continuing operations was mainly due to reduction in economies of scale caused by the decrease in revenue.

Operating Loss and Expenses from Continuing Operations

Total operating expenses from continuing operations were RMB316 million in the first half of 2025, compared to RMB638 million during the same period last year. As a percentage of revenue, total operating expenses from continuing operations decreased by 5.6ppt to 39.5% from 45.1% during the same period last year.

  • Research and Development expenses from continuing operations were RMB117 million in the first half of 2025, compared to RMB400 million during the same period last year. The decline was mainly due to the Company’s proactive adjustment of its business structure and its return on investment driven approach to manage research and development projects. As a percentage of revenue, research and development expenses from continuing operations decreased to 14.6% from 28.2% in the prior year.
  • Sales and Marketing expenses from continuing operations were RMB92 million in the first half of 2025, remaining relatively stable compared to RMB93 million during the same period last year. As a percentage of revenue, sales and marketing expenses from continuing operations increased to 11.5% from 6.5% in the prior year.
  • General and Administrative expenses from continuing operations were RMB107 million in the first half of 2025, compared to RMB146 million during the same period last year. The decline was mainly due to a decrease in personnel costs. As a percentage of revenue, general and administrative expenses from continuing operations increased to 13.3% from 10.3% during the same period last year. 

Operating loss from continuing operations was RMB106 million in the first half of 2025, compared to RMB106 million during the same period last year. Operating margin of continuing operations was -13.2%, compared to -7.5% in the prior year.

Loss from Continuing Operations Attributable to Shareholders

Loss from continuing operations attributable to OneConnect’s shareholders was RMB78 million in the first half of 2025, compared to RMB70 million during the same period last year. Loss from continuing operations attributable to OneConnect’s shareholders per basic and diluted ADS was RMB-2.16, compared to RMB-1.94 during the same period last year. Weighted average number of ordinary shares in the first half of 2025 was 1,091,369,026.

Cash Flow

For the first half of 2025, net cash used in operating activities was RMB210 million, net cash used in investing activities was RMB1,333 million, and net cash used in financing activities was RMB16 million.

About OneConnect 

OneConnect Financial Technology Co., Ltd. is a technology-as-a-service provider for financial services industry. The Company integrates extensive financial services industry expertise with market-leading technology to provide technology applications and technology-enabled business services to financial institutions. The integrated solutions and platform the Company provides include digital banking solution, digital insurance solution and Gamma Platform, which is a technology infrastructural platform for financial institutions. The Company’s solutions enable its customers’ digital transformations, which help them improve efficiency, enhance service quality, and reduce costs and risks.

The Company has established long-term cooperation relationships with financial institutions to address their needs of digital transformation. The Company has also expanded its services to other participants in the value chain to support the digital transformation of financial services eco-system. In addition, the Company has successfully exported its technology solutions to overseas financial institutions.

For more information, please visit ir.ocft.com.

Safe Harbor Statement 

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. 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: the Company’s limited operating history in the technology-as-a-service for financial institutions industry; its ability to achieve or sustain profitability; the tightening of laws, regulations or standards in the financial services industry; the Company’s ability to comply with the evolving regulatory requirements in the PRC and other jurisdictions where it operates; its ability to comply with existing or future laws and regulations related to data protection or data security; its ability to maintain and enlarge the customer base or strengthen customer engagement; its ability to maintain its relationship and engagement with Ping An Group and its related parties, which are its strategic partner, most important customer and largest supplier; its ability to compete effectively to serve China’s financial institutions; the effectiveness of its technologies, its ability to maintain and improve technology infrastructure and security measures; its ability to protect its intellectual property and proprietary rights; its ability to maintain or expand relationship with its business partners and the failure of its partners to perform in accordance with expectations; its ability to protect or promote its brand and reputation; its ability to timely implement and deploy its solutions; its ability to obtain additional capital when desired; litigation and negative publicity surrounding China-based companies listed in the U.S.; disruptions in the financial markets and business and economic conditions; the Company’s ability to pursue and achieve optimal results from acquisition or expansion opportunities; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.  

Contacts

Investor Relations:
OCFT IR Team
OCFT_IR@ocft.com 

Media Relations:
OCFT PR Team
pub_jryztppxcb@pingan.com.cn 

 

ONECONNECT

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

Six Months Ended June 30

2025

2024

RMB’000

RMB’000

Continuing operations

Revenue

801,157

1,415,769

Cost of revenue

(591,996)

(889,987)

Gross profit

209,161

525,782

Research and development expenses

(116,986)

(399,640)

Selling and marketing expenses

(92,202)

(92,568)

General and administrative expenses

(106,883)

(146,027)

Net impairment losses on financial and contract assets

(13,857)

(23,233)

Other income, gains or loss ‑ net

15,076

30,184

Operating loss

(105,691)

(105,502)

Finance income

25,415

29,686

Finance costs

(3,069)

(7,988)

Finance income – net

22,346

21,698

Loss before income tax

(83,345)

(83,804)

Income tax (expense)/benefit

(2,368)

2,346

Loss for the period from continuing operations

(85,713)

(81,458)

Discontinued operations

Profit from discontinued operations (attributable to owners of the Company)

209,499

 

(Loss)/profit for the period

 

(85,713)

128,041

(Loss)/profit attributable to:

– Owners of the Company

(78,495)

139,014

– Non-controlling interests

(7,218)

(10,973)

(85,713)

128,041

(Loss)/profit attributable to owners of the Company arises from:

– Continuing operations

(78,495)

(70,485)

– Discontinued operations

209,499

(78,495)

139,014

Other comprehensive (loss)/income, net of tax:

Items that may be subsequently reclassified to profit or loss

– Foreign currency translation differences of continuing operations

579

(2,645)

– Exchange differences on translation of discontinued operations

177

– Changes in the fair value of debt instruments
measured at fair value through other
comprehensive income of discontinued
operations

6,056

– Disposal of subsidiaries

18,237

Item that will not be reclassified subsequently to profit or loss

– Foreign currency translation differences

(7,105)

13,808

Other comprehensive (loss)/income for the period, net of tax

(6,526)

35,633

Total comprehensive (loss)/income for the period

(92,239)

163,674

Total comprehensive (loss)/income for the period attributable to:

– Owners of the Company

(85,021)

174,647

– Non-controlling interests

(7,218)

(10,973)

(92,239)

163,674

Loss per share for loss from continuing
operations attributable to owners of the Company

(expressed in RMB per share)

– Basic and diluted

(0.07)

(0.06)

Loss per ADS for loss from continuing
operations attributable to owners of the Company

(expressed in RMB per share)

– Basic and diluted

(2.16)

(1.94)

(Loss)/earnings per share for (loss)/profit
attributable to owners of the Company

(expressed in RMB per share)

– Basic and diluted

(0.07)

0.13

(Loss)/earnings per ADS for (loss)/profit
attributable to owners of the Company

(expressed in RMB per share)

Basic and diluted

(2.16)

3.83

 

ONECONNECT

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

June 30

2025

December 31

2024

RMB’000

RMB’000

ASSETS

Non‑current assets

Property and equipment

45,209

43,895

Intangible assets

182,559

195,636

Deferred tax assets

313,805

313,805

Restricted cash and time deposits over three months

7,833

Prepayments and other receivables

8,826

6,506

Trade receivables

10,221

10,106

Total non-current assets

568,453

569,948

Current assets

Trade receivables

549,558

496,429

Contract assets

66,683

63,420

Prepayments and other receivables

281,036

342,221

Financial assets measured at fair value through profit or loss

1,082,608

455,016

Derivative financial assets

40,356

Restricted cash and time deposits over three months

794,101

51,940

Cash and cash equivalents

385,031

1,947,922

Total current assets

3,159,017

3,397,304

Total assets

 

3,727,470

 

 

3,967,252

 

EQUITY AND LIABILITIES

EQUITY

Share capital

78

78

Shares held for share option scheme

(145,032)

(149,544)

Other reserves

11,026,407

11,041,209

Accumulated losses

(8,411,786)

(8,333,291)

Equity attributable to equity owners of the Company

2,469,667

2,558,452

Non-controlling interests

(61,727)

(54,509)

Total equity

2,407,940

2,503,943

LIABILITIES

Non‑current liabilities

Trade and other payables

14,291

10,670

Contract liabilities

13,090

12,946

Total non‑current liabilities

27,381

23,616

Current liabilities

Trade and other payables

913,319

993,842

Payroll and welfare payables

235,794

311,190

Contract liabilities

118,489

115,501

Short-term borrowings

20,658

19,160

Derivative financial liabilities

3,889

Total current liabilities

1,292,149

1,439,693

Total liabilities

1,319,530

1,463,309

Total equity and liabilities

3,727,470

3,967,252

 

ONECONNECT

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Six Months Ended June 30

2025

2024

RMB’000

RMB’000

Net cash used in operating activities

(209,799)

(297,993)

Net cash (used in)/generated from investing activities

(1,333,389)

480,298

Net cash used in financing activities

(15,558)

(129,792)

Net (decrease)/increase in cash and cash equivalents

(1,558,746)

52,513

Cash and cash equivalents at the beginning of the period

1,947,922

1,379,473

Effects of exchange rate changes on cash and cash equivalents

(4,145)

6,900

Cash and cash equivalents at the end of period

385,031

1,438,886