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Trading With Confidence: Bybit Offers Zero-Loss Coverage and Educational Rewards

DUBAI, UAE, May 23, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has renewed its offers for trading beginners in a bundle of first-trade coverage and rewards this summer. The five-track Fearless Futures initiative has something to offer in every stage of crypto trading—from research to futures trading.

Modeled after fitness coaching, Fearless Futures is a supportive package for fresh traders and learners starting their crypto trading journey. The comprehensive loss protection and rewards program offers derisking opportunities for first-time traders in sync with the market-wide rally, with BTC pushing above 100K and ETH regaining investor favor. Sophisticated product suites and knowledge sharing are becoming increasingly accessible to everyday traders, and Bybit continues to support the crypto community with professional-grade tools and flawless execution with millisecond precision. 

From now until June 30 or until prize pools are fully unlocked, eligible Bybit users will enjoy exclusive protection and rewards as they advance their trading levels:

  1. A Zero-Risk Introduction to Futures Trading: Eligible user’s first Futures trade will be covered up to 50 USDT at Bybit should a loss occur. Vouchers are available for first-time Futures traders on Bybit until June 30, 2025. 
  2. Carefree Copy Trading: New followers of Master Traders may claim up to 100 USDT in loss protection for Copy Trading. This welcome offer not only takes away the pressure of strategizing, but also reduces volatility risks. Copy Trading Vouchers can be used as margin and are up for grabs until December 30, 2025.
  3. Gold & FX Copy Trading: Another Copy Trading product tailored for Gold and FX matched the limited-time offer for first-time traders until June 30, 2025.
  4. It Pays to Learn: Before diving into trading, beginners may explore Bybit’s Read-to-Earn initiative and get the basics down while dividing up a 18,000 USDT prize pool.
  5. Bonus Community Challenge: Signing up for the Bybit Learn Community will qualify eligible users for the Community Futures Challenge. The gamified experience incentivizes knowledge sharing and community engagement with a 2,500 USDT weekly prize pool, to be shared by top contributors in the leaderboard.

The campaign benefits Bybit users at a strategic juncture when the crypto market continues its upward trajectory. Supporting the broader crypto community since 2018, Bybit aspires to help its users navigate volatility responsibly, become better traders, and be part of their progress.

Trading With Confidence: Bybit Offers Zero-Loss Coverage and Educational Rewards
Trading With Confidence: Bybit Offers Zero-Loss Coverage and Educational Rewards

Registration and task fulfilments are required, and terms and conditions apply. For details, users may visit: Fearless Futures | Trade with Confidence, Not Consequence.

#Bybit / #TheCryptoArk

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

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Former Pakistan Central Bank Governor Yaseen Anwar Visits FinVolution, Highlights Tech for Inclusion

SHANGHAI, May 23, 2025 /PRNewswire/ — Former Governor of the State Bank of Pakistan, Yaseen Anwar, visited FinVolution Group’s headquarters from May 22 to 23, delivering a keynote address on the critical role of technology in driving financial inclusion and navigating global economic uncertainty.

During the visit, Mr. Anwar held in-depth discussions with FinVolution’s senior leadership and employee representatives on macroeconomic trends, fintech innovation, and the company’s global expansion strategy.

 

In his speech, Mr. Anwar emphasized that technology is not merely a tool for efficiency, but a strategic asset for managing uncertainty. “Technology has become a powerful enabler amid global volatility,” he said. He noted that tech-driven financial solutions are increasingly recognized worldwide, especially for their impact in broadening access to finance in developing markets. He also pointed to regional integration as a key pathway for mitigating external shocks and unlocking new growth opportunities for globally oriented, innovative enterprises like FinVolution.

Mr. Anwar praised FinVolution’s strong technical capabilities and culture of innovation, encouraging the company to remain steadfast in its mission to promote inclusive and sustainable financial services.

As a fintech enterprise combining advanced technology with localized operations, FinVolution continues to expand its presence across the Asia-Pacific under its “Deep Localization + Global Expansion” strategy. Since launching its globalization efforts in 2018, the company has built localized fintech platforms in Indonesia, the Philippines, and Pakistan, and is actively growing its tech service footprint in regions such as Latin America. As of Q1 2025, FinVolution had served more than 7.6 million users overseas, with international business contributing 20.4% of its quarterly revenue.

Mr. Anwar’s visit further affirms FinVolution’s commitment to leveraging technology to foster regional connectivity and financial empowerment. The company reiterated its openness to global collaboration and its goal of sharing its fintech capabilities to meet the rising demand for inclusive financial services worldwide.

Tongcheng Travel 2025Q1 Secures Foothold in the Mass Travel Market Revenue Grows 13.2% Yoy to RMB4.4 Billion

Rising Travel Spending Boosts Core OTA Business Growth

AI Empowers High-Quality Development Across the Travel Industry Chain

HONG KONG, May 23, 2025 /PRNewswire/ — Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), an innovator and leader in China’s online travel industry, today announced its unaudited consolidated results for the three months ended 31 March 2025 (the “period under review” or “2025Q1”).

202 5Q1 Results Highlights with Year-on-year (yoy) Change

Continued Growth Momentum in Revenue and Adjusted Net Profit

●       Revenue increased by 13.2% yoy to RMB4,377.4 million

●       Adjusted EBITDA increased by 41.3% yoy to RMB1,159.4 million, adjusted EBITDA margin increased 5.3 percentage points yoy to 26.5%

●       Adjusted net profit increased by 41.1% yoy to RMB788.2 million, adjusted net margin increased 3.6 percentage points yoy to 18.0%

User Base and User Value Consistently Grew

●       Monthly paying users (MPUs) for the first quarter increased by 9.2% yoy to 46.5 million, reaching a record high

●       Annual paying users (APUs) increased by 7.8% yoy to 247.3 million, setting another record

●       Accumulated number of travelers served in the 12-month period increased by 7.3% yoy to 1,959.5 million

Soild Growth in Core OTA Business

●       Revenue of core OTA business increased by 18.4% yoy to RMB3,792.4 million

‣      Revenue from transportation ticketing services increased by 15.2% yoy to RMB 2,000.2 million, with international air ticket volume recording a growth rate of over 40% yoy

‣      Revenue from accommodation reservation services increased by 23.3% yoy to RMB1,189.6 million, with international hotel room nights sold registering a yoy increase of over 50%

‣      Revenue from other businesses increased by 20.0% yoy to RMB602.6 million

Mr. Ma Heping, Executive Director and Chief Executive Officer of Tongcheng Travel, said, “Since the beginning of 2025, China’s travel market remained steady growth, driven by the release of diversified travel demand and the continuous rise in consumption power in non-first tier cities in China. We maintain an optimistic outlook on the growth of China’s travel industry in 2025 and remain confident in the growth prospects of the outbound travel market this year. Looking ahead, Tongcheng Travel will continue to deepen its presence in the mass travel market and actively invest in AI capabilities, delivering smarter and more efficient travel services to the public while contributing to the high-quality development of the travel industry.”

Deepened Presence in the Mass Travel Market with Record Number of Annual Paying Users
Through effective user acquisition and user engagement initiatives, Tongcheng Travel continued to expand its user base and drive improvements in user value. Leveraging efficient traffic acquisition strategies and exceptional operational capabilities, the Group continued to gain users and further expanded its influence in the mass market in China. For the first quarter of 2025, the Group’s MPUs increased by 9.2% yoy to 46.5 million and APUs increased by 7.8% yoy to 247.3 million, both recorded historic highs with twelve-month Accumulated Number of Travelers Served increased by 7.3% yoy to 1,959.5 million.

Tongcheng Travel not only diversified its traffic sources by exploring the potentials of various channels, but also focused on improving operational efficiency to enhance conversion. Under the stable cooperation with Tencent, the Group remained focused on enhancing its operating efficiency within the Weixin ecosystem, which continued to serve as a vital source of traffic for the Group. Meanwhile, the Group’s proprietary APP also made notable progress, attracting a significant number of younger users through continuous product refinement and interactive marketing campaigns. For the first quarter of 2025, the DAUs of the standalone APP continued to exhibit strong growth momentum. Furthermore, the Group has stepped up the distribution of creative content on social media platforms to boost user engagement and user stickiness. As of 31 March 2025, over 87% of registered users resided in non-first tier cities in China. During the period under review, over 68% of new paying users on the Weixin platform were from non-first tier cities in China.

Enhanced Travel Spending Drove Core OTA Business Growth
During the period under review, China’s travel demand shifted from “essential travel” to “leisure and vacation”. In order to meet the diverse mass travel demand, Tongcheng Travel focused on the “first mile” and “last mile” of user journeys, building a comprehensive travel product system. Driven by ongoing enrichment of the value-added product and service offerings, as well as a stronger focus on the ROI of marketing investments, the Group registered solid growth for its core OTA business. Revenue from transportation ticketing services increased by 15.2% yoy to RMB2,002.2 million. Benefiting from the effective execution of international expansion strategy and optimized efficiency of user subsidies, the Group’s international air ticketing volume increased by more than 40% yoy. As for the train ticketing business, Tongcheng Travel remained concentrated on enhancing user experience by leveraging its algorithm-driven Huixing system, in an effort to better meet user demand. As a result, the train ticketing business improved its monetization capability and recorded a stable growth.

The Group’s accommodation business also delivered impressive results in business volume and revenue. On one hand, the Group continued to implement its cross-selling strategies by utilizing the vast traffic from the transportation business. On the other hand, the Group closely monitored evolving user demands and actively explored emerging accommodation reservation scenarios to capture new growth opportunities, such as entertainment and sport events. Revenue from the accommodation business increased by 23.3% yoy to RMB1,189.6 million. In addition, Tongcheng Travel further deepened cooperation with international hotel suppliers and expanded the coverage of its product and service offerings, with the aim of strengthening price competitiveness as well as user engagement. Therefore, the Group’s international hotel room nights sold maintained a strong growth momentum during the period under review, with a yoy growth rate exceeding 50%.

The Group’s other businesses demonstrated solid performance. Revenue from the other businesses achieved RMB602.6 million with a 20.0% yoy growth, driven by strong performance in the hotel management business and PMS business. By the end of March 2025, the number of hotels in operation that have joined the eLong Hotel Technology Platform has risen to over 2,500, with over 1,400 more in the pipeline.

Advanced Technology Enabled Industry Transformation
AI Ushered in the New Era of Smart Travel
Tongcheng Travel is dedicated to empowering industry partners and delivering exceptional experiences to its users with its profound internet expertise and advanced technologies. During the period under review, the Group initiated a strategic collaboration with China United Airlines Co., Ltd, aiming to fully leverage its advantages in membership marketing, technology and customer service to conduct joint marketing campaigns across online and offline channels. Additionally, Tongcheng Travel entered into a strategic cooperation with Wuhan Tianhe International Airport. By leveraging its big data capabilities, the Group will help the airport optimize its flight planning as well as enhance its brand awareness. Moreover, the Group will also deepen collaborations in areas such as marketing, connecting flights and membership programs.

As a technology-driven company, Tongcheng Travel strategically integrated emerging technologies to deliver seamless and comfortable travel experiences for its users. During the period under review, the Group upgraded its proprietary tourism-specific large language model Chengxin and launched the AI agent DeepTrip, which integrates the reasoning capabilities of DeepSeek and the supply chain advantages of its OTA platform. Not only can DeepTrip assist users in planning complex travel itineraries but also enable direct access to booking services on its platform, creating a seamless transaction loop. In addition, the Group has equipped its employees with a series of generative AI tools to further enhance internal efficiency. For coding tasks, generative AI has greatly reduced the staff’s workload. In customer service, the Group has utilized the reasoning capabilities of generative AI to address user requests more effectively and efficiently. Currently, generative AI handles a meaningful portion of online inquiries related to accommodation reservations and will be applied to more scenarios in the coming quarters.

Furthermore, HopeGoo, the new international online travel booking platform under Tongcheng Travel, has been in full operation. It provides reservation services in six key areas including flights, hotels, train tickets, tickets, ferry tickets, and local activities, and supports payments in 16 currencies and multiple languages. Meanwhile, some hotel brands under eLong Hotel Technology, the hotel technology platform of Tongcheng Travel, have expanded to countries including Japan, Malaysia and Indonesia, aiming to provide diverse and high-quality accommodation experiences for global consumers.

Looking ahead, Tongcheng Travel will continue to strengthen its core competitiveness and actively seize new market opportunities to achieve sustainable growth. While expanding the user base, the Group will prioritize enhancing user value by enriching its product offerings, improving user experience and enhancing user loyalty. At the same time, the Group will continue to advance its outbound travel business to expand its global footprint. Furthermore, the Group will persist in developing its hotel management business to further strengthen its presence across the industry chain. Moreover, the Group will pursue strategic investment opportunities aligned with its long-term objectives to fuel future growth. Finally, Tongcheng Travel will place emphasis on corporate governance, environmental protection, and social responsibility in its operations to generate sustainable value for all stakeholders.

– End –

About Tongcheng Travel Holdings Limited (HKSE Stock Code: 0780.HK)

Tongcheng Travel is a one-stop shop for users’ travel needs. With the mission “make travel easier and more joyful”, Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, and products including package tour, self-guided tour and cruise, including a wide array of transportation and leisure travel scenarios primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile Apps, quick Apps and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user experience and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to an intelligent travel assistant.

For more information, please visit the Group’s website at https://www.tongchengir.com

Leptage Debuts at TOKEN2049 Dubai: Showcasing Innovations in Web3 Infrastructure

WARSAW, Poland, May 23, 2025 /PRNewswire/ — Leptage, a modern fintech platform catering to global ambition, recently made its significant debut at TOKEN2049 Dubai, one of the most anticipated global crypto events in the Web3 ecosystem. Through its active participation at the event, Leptage captivated both attendees and industry leaders, marking an important step in expanding its presence within the global crypto community.

Hosted at the prestigious Madinat Jumeirah from April 30 to May 1, TOKEN2049 Dubai attracted over 15,000 participants from more than 160 countries, including industry pioneers, innovators, regulators, developers, and institutional investors. Leptage’s involvement went beyond sponsorship, reflecting the company’s ongoing commitment to advancing industry knowledge, fostering regional growth, and supporting community empowerment. TOKEN2049 served as a valuable platform for exchanging insights and driving innovation, echoing the vision that Leptage continues to champion.

At TOKEN2049, Leptage introduced key updates to its core infrastructure products, reflecting its continued innovation in shaping the future of crypto transactions and blockchain technology. The enhanced Ramping service enables real-time fiat-to-crypto conversions across more than 180 countries, while Treasury delivers more agile and secure management of stablecoins and digital assets. CardLink, a cutting-edge crypto wallet management infrastructure that provides seamless and secure integration for crypto card services. These updates demonstrate Leptage’s commitment to providing seamless, compliant, and scalable pathways that bridge Web2 and Web3.

Leptage’s participation at TOKEN2049 Dubai marked a pivotal step in its global journey. Leptage continues to bridge Web2 and Web3 with cutting-edge solutions that drive real-world adoption. Looking ahead, Leptage remains focused on advancing blockchain technology and shaping the next wave of Web3 innovation.

About Leptage

Leptage is a modern fintech platform catering to global ambition.

Regulated in Poland, our headquarters is situated in Warsaw. We have expanded our operations to include strategic teams in Hong Kong, the United Kingdom, and Singapore. Our international footprint is a testament to our commitment to serving clients worldwide.

At Leptage, we pride ourselves on providing fully compliant, cutting-edge solutions that harmoniously integrate advanced technology with a user-centric design. We aim to build a more secure, efficient, and seamless financial landscape by breaking down barriers and bridging gaps for boundless businesses.

www.leptage.com

Compass Mining Partners with Synota’s “Impact Mining” Initiative to Transform Bitcoin Hashrate into Community Impact

Initial donation supports a hospital and village in Nigeria, with plans for further expansion

WILMINGTON, Del., May 23, 2025 /PRNewswire/ — Compass Mining, a leading provider of Bitcoin mining infrastructure and services, proudly announces its role as the inaugural donor to Synota’s Impact Mining initiative. Through this groundbreaking partnership, Compass is turning Bitcoin’s computing power, or “hashrate”, into a humanitarian resource: affordable, reliable energy for underserved communities.

Through this collaboration with Synota, Compass Mining aims to demonstrate another way the Bitcoin mining industry can contribute directly to energy access, healthcare, and education in underserved communities without leaving the data center.

“This is hashrate with heart,” said Paul Gosker, CEO of Compass Mining. “We’re proud to show our customers and the broader industry how Bitcoin mining can improve lives, not just balance sheets.”

Under the Impact Mining initiative, Compass Mining has directed some of the output of its mining machines to a Bitcoin mining pool configuration provided by Synota and managed on behalf of Renewvia Solar Africa, an operator of clean energy mini-grids in Africa. The revenue generated by this hashrate is used to offset electricity costs for critical infrastructure in Nigeria.

  • At Oloibiri Hospital, Compass’s contribution is helping cover the monthly power bills. This allows the facility to redirect resources to patient care. Serving over 3,600 patients annually and having delivered over 34,000 babies since 2010, this hospital is now empowered to treat hundreds more.
  • In Ozuzu, a rural village connected to a solar mini-grid in 2021, 150 homes, businesses, and a school are now benefiting from a 20% reduction in power costs thanks to Impact Mining. Lower energy prices mean more lighting, more technology use, and ultimately more economic opportunity.

“Bitcoin mining has always been a driver of energy innovation,” said CJ Burnett, Chief Revenue Officer at Compass Mining. “Now it’s a driver of energy opportunity. A small portion of global hashrate is delivering outsized impact for real people.”

Compass Mining views this initiative as a proof-of-concept that mining can be more than profitable; it can be purposeful. Whether through direct machine allocation or partial hashrate donations, every block solved can help power a brighter world. Looking ahead, Synota plans to expand the Impact Mining initiative and Compass Mining intends to continue the partnership.

“We’re thrilled to have Compass Mining lead the way,” said Austin Mitchell, CEO and Co-founder of Synota. “They’ve shown that any miner, anywhere in the world, can take part in Impact Mining simply by redirecting a portion of their hashrate through a shared pool configuration. It’s a small step that can make a big difference. Donating hashrate also offers tax advantages, and we’re building the infrastructure to support that.”

To learn more about Impact Mining, visit synota.io/impact-mining.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

41st WHO Sasakawa Health Prize Awarded to Denmark’s Dr. Merete Nordentoft For Work on Suicide Prevention in Young People

TOKYO, May 23, 2025 /PRNewswire/ — The 41st WHO Sasakawa Health Prize was presented to Danish psychiatrist Dr. Merete Nordentoft in recognition of her work on suicide prevention in young people, during a ceremony at the 78th World Health Assembly in Geneva on May 23.

Dr. Merete Nordentoft (second from left), winner of the 41st WHO Sasakawa Health Prize, poses with Yohei Sasakawa, chairman of The Nippon Foundation (right), WHO Director-General Dr. Tedros Adhanom Ghebreyesus (second from right) and Dr. Teodoro J. Herbosa, president of the 78th World Health Assembly (left), following the award ceremony at the World Health Assembly in Geneva, Switzerland on May 23, 2025.
Dr. Merete Nordentoft (second from left), winner of the 41st WHO Sasakawa Health Prize, poses with Yohei Sasakawa, chairman of The Nippon Foundation (right), WHO Director-General Dr. Tedros Adhanom Ghebreyesus (second from right) and Dr. Teodoro J. Herbosa, president of the 78th World Health Assembly (left), following the award ceremony at the World Health Assembly in Geneva, Switzerland on May 23, 2025.

The award highlights a science- and practice-based strategy for tackling the serious public health issue of suicide, which kills more than 700,000 people worldwide every year and is one of the leading causes of death among 15- to 29-year-olds.

Dr. Nordentoft’s approach to suicide prevention and early intervention in psychosis, particularly among young people, has produced striking results. It has been implemented throughout Denmark and is considered a model for other countries.

In 1998, she launched the OPUS Outreach Treatment Program, an early intervention program for first-time psychiatric patients aged 18 to 45. The program is based on a multidisciplinary team offering weekly meetings with a primary staff member, recovery-oriented groups and family involvement. It has been recognized for reducing hospitalization rates and improving quality of life, as well as for its emphasis on the role of community and family.

The name OPUS (“work”) is taken from the world of music and was chosen to express the need to orchestrate a carefully prepared plan in which the different elements of the program are in harmony with each other. OPUS aims to integrate psychiatric, psychological and social interventions where the interplay between them is crucial.

In accepting the award, Dr. Nordentoft said: “It is a privilege to stand here today—not only for myself, but for the young people with psychosis, their families and the colleagues who have made this journey possible.”  The award, she said, “gives voice to those young people—and reinforces that with the right support, early enough, recovery is not only possible—it is likely.”

The award ceremony was attended by WHO Director-General Dr. Tedros Adhanom Ghebreyesus and the prize was presented to Dr. Nordentoft by Yohei Sasakawa, chairman of The Nippon Foundation.

“This is the first time the prize has honored efforts in the field of mental health,” said Sasakawa, “and Dr. Nordentoft’s work is a pioneering practice, as the WHO’s suicide prevention initiative, LIVE LIFE, emphasizes the importance of strengthening support and prevention measures at the local level, as well as a primary health care approach.”

The prize money of US$30,000 will be used to host a conference that will bring together clinicians, researchers and patients to deepen discussions on optimizing treatments.

Sasakawa Health Prize

The Sasakawa Health Prize was established in 1984 upon the initiative and with funds provided by Ryoichi Sasakawa, then president of the Japan Shipbuilding Foundation (now The Nippon Foundation) and president of Sasakawa Memorial Health Foundation (now Sasakawa Health Foundation), and with the agreement of WHO Director-General Dr. Halfdan Mahler, with the aim of contributing to the realization of WHO’s “Health for All” philosophy. The award recognizes individuals and organizations that have made significant contributions to improving people’s health and well-being through sustainable and effective activities, such as the promotion of primary health care and specific health programs at the local level.

Sasakawa Health Foundation

Sasakawa Health Foundation was established in 1974 by Ryoichi Sasakawa (1899 – 1995), founder of The Nippon Foundation, and Professor Morizo Ishidate (1901 – 1996), the father of leprosy chemotherapy in Japan, for the purpose of eradicating leprosy from the world. Since its establishment, the foundation has maintained its focus on leprosy while also engaging in activities to combat parasitic diseases and HIV/AIDS, providing medical cooperation following the Chernobyl nuclear accident, developing human resources in the field of international health, and improving hospice palliative care. The foundation currently focuses its work on leprosy control and the promotion of community health. It is engaged in a variety of projects both in Japan and overseas, based on the principle of “Better Health and Dignity for All.”

NYSE Content Advisory: Pre-Market update + Hinge Health, MNTN pop double digits in trading debuts

NEW YORK, May 23, 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. 

Kristen Scholer delivers the pre-market update on May 23rd

  • Digital health platform Hinge Health (NYSE: HNGE) saw its stock rise 17% in its NYSE debut yesterday. Shares of TV AdTech company MNTN (NYSE: MNTN) jumped nearly 26% in its NYSE debut as well.
  • Traders continue to evaluate the effect of higher U.S. treasury yields on the economy. Early Thursday, the House GOP advanced President Trump’s sweeping tax bill to the senate. Concerns about the cost of the bill took yields higher.
  • Wall Street is heading into a long weekend with equity markets closed on Monday for Memorial Day.

Opening Bell
The U.S. Navy celebrates Fleet Week New York

Closing Bell
U-Haul (NYSE: UHAL) celebrates its 80th anniversary

Click here to download the NYSE TV App

Video – https://mma.prnewswire.com/media/2695145/NYSE_May_23_Market_Update.mp4 

 

HKSTP and Global Leader Würth Elektronik Launch the First New Engineering Service Programme

A Strategic Partnership Accelerate New Industralisation and Microelectronics Development


HONG KONG SAR – Media OutReach Newswire – 23 May 2025 – Hong Kong’s advanced manufacturing and microelectronics sector received a significant boost today with a three-year strategic partnership between Hong Kong Science and Technology Parks Corporation (HKSTP) and Würth Elektronik. Under this collaboration, Würth Elektronik —a global premier electronic components manufacturer with a R&D base at Hong Kong Science Park—will launch the first pilot Engineering Service Programme in InnoPark. Leveraging its global network, specialised expertise and cutting-edge tools, Würth Elektronik will further strengthen Hong Kong’s advanced manufacturing ecosystem and nurture local tech talent, propelling the city as the international innovation and technology (I&T) and new industrialization hub.

Hong Kong’s advanced manufacturing and microelectronics sector received a significant boost today with a three-year strategic partnership between HKSTP and Würth Elektronik. (Front row from left: Mr Daniel Yu, General Manager, Wurth Electronics (HK) Ltd; Mr Oscar Wong, Head of Innofacturing of HKSTP. Back row from left: Mr Thomas Garz, Chief Executive Officer, Würth Elektronik eiSos Group; Professor Sun Dong, Secretary for Innovation, Technology, and Industry; Mr Albert Wong, Chief Executive Officer, HKSTP)
Hong Kong’s advanced manufacturing and microelectronics sector received a significant boost today with a three-year strategic partnership between HKSTP and Würth Elektronik. (Front row from left: Mr Daniel Yu, General Manager, Wurth Electronics (HK) Ltd; Mr Oscar Wong, Head of Innofacturing of HKSTP. Back row from left: Mr Thomas Garz, Chief Executive Officer, Würth Elektronik eiSos Group; Professor Sun Dong, Secretary for Innovation, Technology, and Industry; Mr Albert Wong, Chief Executive Officer, HKSTP)

Würth Elektronik, a global leader based in Waldenburg, Germany, operates with 23 production sites worldwide, making it one of the most successful entities within the Würth Group. In 2024, the company employed around 7,500 people and achieved sales of 1.02 Billion Euro.

Their Technical Service Centre was established in the Hong Kong Science Park in 2024. Through the Engineering Service Programme, about 100 microelectronics related startups and SMEs in both Science Park and InnoPark will gain access to Würth Elektronik’s essential components and tools, together with business and technical consultation support, speeding up the whole product development cycle ranging from research and development, prototyping to pilot production. Additionally, together with the infrastructure and facilities at Advanced Manufacturing Centre in Tseung Kwan O InnoPark, the high-potential prototyping projects would significantly accelerate their path to commercialisation and mass production.

Würth Elektronik will deliver hands-on skills training, technical workshops, and industry seminars in InnoPark to technology start-ups and local students. The company’s experts will also host insight-sharing sessions with Hong Kong’s industry practitioners on emerging global industry trends, market opportunities, and technical knowledges, positioning the city’s high-skilled talent for global success in the rapidly evolving microelectronics landscape.

Professor Sun Dong, Secretary for Innovation, Technology and Industry, said, “The Engineering Service Programme will equip our local ecosystem with specialised tools and expertise, accelerating progress in microelectronics and advanced manufacturing. From R&D to prototyping and small-scale production, this programme will support companies at every stage – perfectly aligning with the Government’s strategy to foster high-value, tech-driven industries and cement Hong Kong’s role in the global I&T landscape. With Würth Electronics’ global network and HKSTP’s local support, the programme is poised to become a testing ground for next-generation industrial solutions.”

Mr Albert Wong, CEO of HKSTP, said, “Würth Elektronik has been a key enabler of HKSTP’s I&T ecosystem. We are delighted with their strengthened commitment towards Hong Kong’s microelectronics and advanced manufacturing development—a driving force in our ecosystem’s prospects and the potential of our innovative talent. This collaboration will create a substantial impact on our community of 270 microelectronics related companies while delivering strategic value for Würth Elektronik, ultimately catalysing Hong Kong’s agenda in advanced manufacturing and new industrialisation.”

Mr Thomas Garz, CEO of Würth Elektronik eiSos Group, said: “Being the leading electronic components manufacturer, we see the opportunity in Hong Kong. With the global experience in the industry, we utilise the global expertise to help the local market on developing the innovation and technology projects. As an enabler in the whole product life cycle from development to production and then to market, we offer the More Than You Expect experience in the product development journey. Partnering with HKSTP to facilitate the R&D and advanced manufacturing for companies in this ecosystem will further boost up the synergy to contribute the innovation development in Hong Kong.”

The signing ceremony was held at the “Advanced Manufacturing in Hong Kong: Enabling Global Microelectronics Innovations” event. Alongside was a fireside chat hosted by Würth Elektronik’s representatives, academia, start-up founders and industry experts, sharing insights on industry-academia-research collaboration, entrepreneurship, and innovation ecosystem support from HKSTP. The discussion aimed to inspire students about career prospects and opportunities in Hong Kong’s growing microelectronics sector.

Würth Elektronik has successfully supported many park companies, the event also featured an exhibition of the electronics innovations co-created by Würth Elektronik’s partners and HKSTP partner companies benefiting from Würth’s engineering services and Electromagnetic Compatibility (EMC) testing support. The technologies showcased Würth Elektronik’s expertise in accelerating companies’ innovation journey and delivering higher-quality solutions to market more efficiently.

The Hong Kong Special Administrative Region (HKSAR) Government is committed to advancing new industrialisation in Hong Kong with an industry-oriented approach to drive diversified economic growth. Comprehensive support is proactively provided, such as the “New Industrialisation Acceleration Scheme” (NIAS), “New Industrialisation Funding Scheme” (NIFS), and the upcoming “Pilot Manufacturing and Production Line Upgrade Support Scheme (Manufacturing+)”.

HKSTP fully supports the government’s new industrialisation strategy by empowering microelectronics companies with extensive support services and infrastructure, including Hardware Lab, Sensor Packaging and Integration Lab, Heterogeneous Integration Lab (HI Lab), as well as Microelectronics Centre, Advanced Manufacturing Centre and ProShop at the InnoParks. These resources power the entire product lifecycle—from R&D and design to prototyping and commercialisation—offering technologies and services that position Hong Kong as a hub for new industralisation and advanced manufacturing.
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About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,300 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at .