Latest news with #LeoWang
Yahoo
3 days ago
- Business
- Yahoo
Leo International leaps from Lion City to Frankfurt with AI precision health listing
SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) -- In a landmark announcement that bridges Asia and Europe, Leo International Group has acquired a controlling stake in SPOABG AG, a publicly listed company on the Frankfurt Stock Exchange (FSE). The company has now been officially renamed Leo International Precision Health AG (LIPH AG), with updated ticker symbols 'LEOW.F' and ' momentous move marks the first time in a century that a Taiwanese-founded enterprise has achieved mainboard listing status on Germany's prestigious Frankfurt Stock Exchange. It represents a major milestone in Leo International's global expansion strategy and underlines its commitment to advancing AI-powered precision health across continents. A Vision Rooted in Humanity, Realized GloballyFounded in 1926, Leo International Group is a fourth-generation family-owned enterprise headquartered in Taiwan, with a mission rooted in 'Caring for People, Advancing Humanity'. The Group's diverse portfolio spans biomedical innovation, wealth succession and high-end lifestyle services. With its new listing, Leo International is now using Germany as a springboard to scale its AI-driven healthcare strategy — aptly titled the 'Precision Health Trinity' — while establishing a global investment and innovation platform for its subsidiaries and partners. Why Frankfurt, Why Now? Germany's Frankfurt Stock Exchange, part of the Deutsche Börse Group, boasts a market capitalization of EUR 1.97 trillion and is one of the world's leading financial centres. In 2024 alone, Germany's biotech and medtech sectors attracted EUR 1.6 billion in investment, a 70% year-on-year surge. As global healthcare shifts toward digitization, the digital pathology market alone is forecast to grow from USD 8.1 billion in 2024 to USD 19.5 billion by 2031. This makes Frankfurt a prime launchpad for Leo International's Precision Health Trinity, a three-pronged approach integrating: * AI-driven drug discovery for broad-spectrum and rare diseases * AI-enabled diagnostics for targeted treatment * Community-focused medical services through smart clinics 'This acquisition of a Frankfurt Stock Exchange mainboard-listed company marks a pivotal milestone in our global strategic expansion,' said Leo Wang (above), Chairman of Leo International Group. 'We will place precision health at the core of our growth strategy, leveraging international capital markets to drive innovation and create lasting value for all stakeholders.' Singapore: Building a Legacy Through Family Office StrategyParallel to the Frankfurt expansion, Leo International announced the establishment of a Single Family Office (SFO) in Singapore. The office will manage multigenerational capital while aligning with the Group's long-term vision for social impact and wealth succession. Singapore has emerged as Asia's premier family office hub, now home to over 2,000 SFOs. Its political stability, transparent regulation and attractive tax environment make it a top choice for ultra-high-net-worth families. 'Singapore provides a robust legal and asset protection framework,' said Kevin Foo (below) of Leo International Family Office Singapore. 'Through our platform, we aim to connect capital networks across Singapore, Greater China, and ASEAN, while deepening our investments in health technology and impact-driven philanthropy.' Strategic Growth Through M&A and Global CapitalLIPH AG will serve as a public investment vehicle for Leo International to drive its non-organic growth strategy. By acquiring and integrating AI-health companies across Europe and Asia, the Group seeks to rapidly scale operations, unlock synergies, and boost shareholder value. The Group plans to attract sovereign wealth funds and global investors, leveraging fair valuation mechanisms in capital markets. The aim: to build a robust, cross-border precision health platform that drives the next wave of biomedical innovation. 'We are exploring dual listings, ADR issuance, and collaborations with the London Stock Exchange Group,' said Dr. Joshua Lo, CEO of LIPH AG and a seasoned executive with previous stints at Portwell Inc. and other tech firms. 'Our goal is to expand regional relevance while delivering on global healthcare needs.' A Family Legacy, Reimagined for the FutureLeo International's journey — from a Taiwanese family business to a global leader in health-tech —exemplifies a unique fusion of heritage and innovation. Rooted in values shaped over four generations, the Group's current trajectory is driven by industrial relevance, cutting-edge technology, and social purpose. 'As we position ourselves at the intersection of AI, pharmaceuticals, and intelligent diagnostics, our family office and listed entity serve as twin engines,' said Chairman Wang. 'They power our commitment to both industrial growth and global impact.' With 80% equity in the newly renamed Frankfurt-listed firm, Wang and original Group shareholders are transitioning their stakes to gain full access to international capital markets, all in accordance with German legal and accounting standards. The Road AheadFrom Singapore to Frankfurt, Leo International is building more than a business — it is building a bridge between continents, industries, and generations. As AI redefines healthcare, and as wealth reorients across borders, Leo's Precision Health Trinity is poised to become a defining force in the biomedical landscape. With strategic focus, family values, and global ambition, Leo International is not just joining the conversation — it is leading it. RELATED ITEMS:ACQUIRED, AI-POWERED, ANNOUNCEMENT, ASIA, BRIDGES, CENTURY, COMPANY, CONTINENTS, CONTROLLING, ENTERPRISE, EUROPE, EXPANSION, FEATURED, FOUNDED, FRANKFURT STOCK EXCHANGE, FSE, GLOBAL, LANDMARK, LEO INTERNATIONAL GROUP, LEO INTERNATIONAL PRECISION HEALTH AG, LEOW.F, LIPH AG, MAINBOARD LISTING, ON GERMANY, PRECISION HEALTH, PRESTIGIOUS MILESTONE, PUBLICLY LISTED, SPOABG AG, STAKE, STATUS, STRATEGY, SYMBOLS, TAIWANESE, TICKER, UPDATED CONTACT: Leo International Group – Brand Marketing & PR Department Shahad, Chief Marketing Officer / service@ Mofey, Marketing Manager / +886 981 666 331 / in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Out Dubai
3 days ago
- Automotive
- Time Out Dubai
RTA partners with Pony.ai to bring robotaxi fleet to Dubai
The Roads and Transport Authority has announced its latest plans to bring robotaxis to Dubai. The RTA has signed a memorandum of understanding with American firm to bring self-driving taxis to the emirate. Set to start supervised trials of a fleet of cabs in the latter half of 2025, it is believed that there will be fully driverless operations on Dubai roads as early as next year. Dubai residents can expect an advanced fleet of vehicles to hit the roads next year. This latest agreement follows previous deals with popular ride-hailing app Uber and Chinese firm Baidu to also start trials of autonomous taxis in Dubai. Driverless taxis will be introduced to Dubai roads in 2025 (Credit: RTA) collaborates with industry leaders, including Toyota, GAC Motor, and BAIC Motor, to develop its seventh-generation robotaxis. Mass deployment is slated for later this year following the vehicles' successful debut in Shanghai in April. Its advanced sensor array handles complex scenarios ranging from high-speed highways to crowded urban centres like Dubai's business and financial districts. Ahmed Bahrozyan, CEO of Public Transport Agency at RTA, said the partnership will help the authority in its goal to bring more autonomous options to Dubai. He said: 'The collaboration with marks another significant milestone in advancing Dubai's Self-Driving Transport Strategy. 'This partnership is integral to our goal of transforming 25 percent of all journeys in the city into autonomous trips by 2030, reinforcing Dubai's position as a global leader in autonomous mobility and innovation. 'We are excited to work with a pioneer in autonomous driving technology, to further enhance the integration of smart transport solutions in Dubai.' Driverless taxis will be introduced in Dubai (Credit: Baidu) Long-term plans for in Dubai include integrating robotaxi services with Dubai's multimodal transport network – encompassing metro, tram, and maritime routes – to create a future where autonomous vehicles complement existing infrastructure, enabling smoother journeys and reducing the city's carbon footprint. Dr. Leo Wang, CFO of said that they are committed to helping Dubai move to self-driving transport. He said: 'Dubai stands at the forefront of intelligent urban mobility innovation, and we are honoured to collaborate with RTA on this transformative initiative. 'By combining our proven autonomous driving technology and extensive fleet operation experience, we are committed to accelerating Dubai's transition to autonomous transportation.' More Dubai transport news 6 sci-fi (but sensible) public transport projects coming to Dubai From Elon Musk's underground tunnel to a trackless tram The UAE traffic law has now changed What you need to know about the new rules 36 huge traffic improvement projects coming soon to Dubai And some sooner than you think
Yahoo
25-03-2025
- Business
- Yahoo
Pony AI Q4: Revenue Slumps Nearly 30% As Robotaxi Sales Decline, Loss Widens
Pony AI Inc. (NASDAQ:PONY) shares traded lower premarket on Tuesday after the company disclosed fourth-quarter results. Sales declined 29.8% year over year to $35.52 million, owing to the timing of project-based revenue recognition. Robotaxi services revenue dipped 61.9% Y/Y to $2.6 million in the fourth quarter due to lower service fees from providing autonomous vehicle engineering solutions. Meanwhile, Robotruck services revenue surged 72.7% Y/Y to $12.9 million aided by the growth of robotruck fleet operations into new geographies. Gross profit fell 56.5% Y/Y to $7.5 million, with margin contraction to 21.0% from 33.9% a year ago quarter due to changes in the revenue mix. The company reported an adjusted EPS loss of 31 cents versus 20 cents loss in the prior year's quarter. As of December 31, 2024, cash and cash equivalents, short-term investments and restricted cash stood at $745.2 million. Read: Tiancheng Lou, Co-founder and Chief Technology Officer of added, 'Notably, our robotaxi safety record has improved by 16 times and has driven insurance policy prices down to roughly 50% that of human-driven taxis – all these are clear indicators of safety and reliability in our technology.' Leo Wang, Chief Financial Officer of stated, 'While the near-term financials reflected our strategic resource allocation to support the mass production and deployment of robotaxi services, we remain focused on improving unit economics in 2025.' Notably, in November 2025, the company debuted on the Nasdaq Global Select Market today, pricing its initial public offering at $13 per ADS. Price Action: PONY shares are down 1.59% at $13.00 premarket at the last check Tuesday. Read Next:Photo via Shutterstock. UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Pony AI Q4: Revenue Slumps Nearly 30% As Robotaxi Sales Decline, Loss Widens originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
