Latest news with #SHENZHEN
Yahoo
5 hours ago
- Business
- Yahoo
EngineAI Raises Nearly RMB 1 Billion in Pre-A++ and A1 Rounds, Led by JD.com
SHENZHEN, China, July 24, 2025 /PRNewswire/ -- After securing investments earlier this year from leading Middle Eastern and South Korean investors, EngineAI has successfully concluded its Pre-A++ and A1 funding rounds. The Pre-A++ round was led by XPeng-backed Rockets Capital, while spearheaded the A1 round with participation from strategic investors CATL Capital (affiliated with CATL) and Yintai Group, as well as institutional investors TH Capital, Guochen Venture Capital (Fortune Capital affiliate), and Huangpu River Capital. Existing shareholders also joined the two rounds. The strong investor confidence allows EngineAI to enter into mass production, further diversify product lines, and achieve breakthroughs in the real-world deployment of embodied intelligence and related technologies. A rising star in humanoid robotics, EngineAI drives innovation through cutting-edge technology, delivering intelligent, hyper-agile robots. Its proprietary joint modules set industry benchmarks for explosive power, torque, and rotational speed, enabling lifelike motion. By solving Sim2Real challenges, the company has carved out a unique tech advantage, achieving millimeter precision in high-dynamic maneuvers like complex dances, front flip, and sprinting. The global humanoid robotics market is forecast to exceed $100 billion by 2030, driven by strong enterprise demand across manufacturing, services, and logistics. EngineAI's "open-source hardware + ecosystem profit-sharing" model accelerates market penetration through strategic partnerships, enabling rapid application diversification and developer engagement. To overcome embodied intelligence hurdles, the company merges traditional control systems with reinforcement learning, boosting efficiency, precision, and reliability. This dual approach not only truly meets market demands but also gradually penetrates into consumer households, forming a unique commercial ecosystem. The newly secured capital will enable rapid advancement of EngineAI's core initiatives in H2 2025: Product Development: EngineAI has built a comprehensive product matrix spanning bipedal and full humanoid robots across performance tiers. The company is now scaling trial production and delivery, targeting a 5x expansion of its production team to meet surging demand. Technology Leadership: Embodied intelligence R&D will see intensified investment to fast-track core technology commercialization, solidifying EngineAI's global market position. EngineAI has established strategic collaborations with industry giants including NVIDIA, Amazon, Tencent, and ByteDance to advance humanoid robotics applications across commercial services, hazardous operations, and cultural tourism. These partnerships are accelerating the path to large-scale commercial adoption. With production accelerating and certain production segments already exceeding capacity targets, EngineAI is on track to complete optimization upgrades ahead of Q4 2025. This expansion ensures reliable delivery of advanced robotic solutions, positioning the company for successful mass-market penetration. EngineAI is expanding its workforce across critical R&D, production, and market expansion roles. The company is simultaneously enhancing its internal training programs to develop employees' technical and leadership capabilities, building a sustainable talent engine for continuous innovation. Looking ahead, EngineAI will intensify efforts in mass production, product diversification, and embodied AI implementation, contributing core strengths to the high-quality development of the humanoid robotics industry. For more information about EngineAI, please visit CONTACT: Zibin Cencenzb@ View original content to download multimedia: SOURCE EngineAI Error 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
Associated Press
3 days ago
- Business
- Associated Press
LexinFintech Holdings Ltd. Announces US$50 million Share Repurchase Program and Management Purchase
SHENZHEN, China, July 21, 2025 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ('Lexin' or the 'Company') (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced that its board of directors has authorized a share repurchase program under which the Company may purchase up to US$50 million of its shares over the next twelve months (the 'Share Repurchase Program'). The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of the repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. The Company's board of directors will review the Share Repurchase Program periodically, and may authorize adjustments of its terms and size or suspend or discontinue the program. In addition, Mr. Jay Wenjie Xiao, Chairman and Chief Executive Officer of Lexin, has informed the Company that he planned to use his personal funds to purchase the Company's American depository shares (the 'ADSs'). Mr. Xiao intends to purchase up to US$10 million worth of the ADSs within the next twelve months, pursuant and subject to applicable laws and the Company's securities trading policy. Mr. Xiao makes his own independent decision on the share purchase and its terms. The share purchases by Mr. Xiao may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. 'The Share Repurchase Program demonstrates our confidence in Lexin's business fundamentals and growth opportunities,' said Mr. Xiao. 'We believe this is an attractive way of deploying our capital and returning value to shareholders, and we will continue to evaluate additional opportunities to enhance shareholder returns.' About LexinFintech Holdings Ltd. We are a leading credit technology-empowered personal financial service enabler. Our mission is to use technology and risk management expertise to make financing more accessible for young generation consumers. We strive to achieve this mission by connecting consumers with financial institutions, where we facilitate through a unique model that includes online and offline channels, installment consumption platform, big data and AI driven credit risk management capabilities, as well as smart user and loan management systems. We also empower financial institutions by providing cutting-edge proprietary technology solutions to meet their needs of financial digital transformation. For more information, please visit To follow us on Twitter, please go to: Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Lexin's beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident' and similar statements. Among other things, the expectation of the collection efficiency and delinquency, business outlook and quotations from management in this announcement, contain forward-looking statements. Lexin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC'), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. 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: Lexin's goal and strategies; Lexin's expansion plans; Lexin's future business development, financial condition and results of operations; Lexin's expectation regarding demand for, and market acceptance of, its credit and investment management products; Lexin's expectations regarding keeping and strengthening its relationship with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Lexin's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Lexin does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: LexinFintech Holdings Ltd. IR inquiries: Will Tan Tel: +86 (755) 3637-8888 ext. 6258 E-mail: [email protected] Media inquiries: Ruifeng Xu Tel: +86 (755) 3637-8888 ext. 6993 E-mail: [email protected] SOURCE LexinFintech Holdings Ltd.
Associated Press
3 days ago
- Business
- Associated Press
Aurora Mobile's EngageLab Partners with China Unicom to Develop Next-Generation Global One-Click Verification Ecosystem
SHENZHEN, China, July 21, 2025 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (NASDAQ: JG) ('Aurora Mobile' or the 'Company'), a leading provider of customer engagement and marketing technology services in China, today announced that EngageLab, its leading omni-channel customer engagement platform, has entered into a partnership with China Unicom to launch the Smart Integrated Verification (International Edition), powered by China Unicom's Open Gateway platform. This collaboration marks a significant step in jointly building a secure and intelligent one-click verification infrastructure for Chinese enterprises expanding overseas. At the recent 2025 China Unicom Partner Conference, titled 'Advancing Together Toward a New Integrated Ecosystem', China Unicom showcased its significant achievements in AI infrastructure, technology, and industry development. The event, which focused on the deep integration of AI and the digital economy, attracted over 400 industry partners from more than 70 countries and regions worldwide. Among the highlights was China Unicom's Open Gateway platform, a leading hub for exposing network capabilities. Leveraging China Unicom's robust cloud and network infrastructure, the Open Gateway platform provides advanced capability provisioning for internal applications and offers comprehensive, efficient, and secure open solutions to industry partners via standardized APIs. To date, over 90 specialized APIs have been released, covering domains such as anti-fraud and location-based services. The platform has enabled multiple commercial deployment scenarios, including financial fraud prevention and digital support for Chinese enterprises expanding overseas. China Unicom is collaborating with global telecom operators and system integrators to establish a cross-operator platform alliance. It has already achieved platform-level interconnectivity with the first six operators and integrators, including Aurora Mobile. As a key partner of China Unicom, Aurora Mobile has developed the Smart Integrated Verification (International Edition) specifically for international business scenarios. The solution eliminates geographic barriers and offers Chinese enterprises expanding overseas a one-stop, global mobile number verification solution. Leveraging China Unicom's backbone network, spanning over 160 countries and regions with more than 300 overseas nodes, and EngageLab's decade-long of expertise in user verification, the solution delivers secure, fast, intelligent, and efficient one-click mobile number verification for users worldwide. For Chinese enterprises expanding overseas, traditional verification processes are often fragmented and cumbersome. In particular, cross-border identity verification poses a significant challenge to business growth. The Smart Integrated Verification (International Edition) effectively addresses these issues. For instance, after integrating the service, a cross-border e-commerce platform reported a 40% increase in new user registration conversion rates and a 62% drop in customer complaints related to verification failures. Similarly, a global gaming company reduced the average time for the first login from 28 seconds to just three seconds, improving next-day user retention by 27%. Building on EngageLab's industry-leading expertise in global user verification, Aurora Mobile is dedicated to working closely with telecom operators to co-develop an open network capability ecosystem. Looking ahead, EngageLab will continue to deepen its collaboration with China Unicom and expand into more application scenarios based on the Smart Integrated Verification (International Edition), such as 'one-click verification + cross-border payment security checks' and 'one-click verification + global user profiling and analytics.' The Company is committed to evolving verification into a 'super gateway' that seamlessly connects users and services. EngageLab welcomes global partners to join this open ecosystem and contribute to its advancement, working together to drive the development of the global digital economy. About Aurora Mobile Limited Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises' digital transformation. For more information, please visit Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident' and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile's strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile's strategies; Aurora Mobile's future business development, financial condition and results of operations; Aurora Mobile's ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China 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 Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law. For more information, please contact: Aurora Mobile Limited E-mail: [email protected] Christensen In China Ms. Xiaoyan Su Phone: +86-10-5900-1548 E-mail: [email protected] In US Ms. Linda Bergkamp Phone: +1-480-614-3004 Email: [email protected]
Yahoo
6 days ago
- Business
- Yahoo
vivo Wins Innovate for Impact Use Case Award at the ITU AI for Good Global Summit
The recognition highlights vivo's commitment to empowering accessibility through on-device intelligence. SHENZHEN, China, July 18, 2025 /PRNewswire/ -- vivo was honored with the "Innovate for Impact" best use case award in the accessibility category at the AI for Good Global Summit, in Geneva, Switzerland. Received on July 9, the award recognizes vivo's efforts in leveraging on-device artificial intelligence (AI) to empower accessibility with the initiative "On-Device Intelligence Empowers People with Disabilities and Smart Interaction Scenarios," which stood out among the top submissions from 32 countries. This recognition is a strong endorsement of vivo's long-standing commitment to inclusive technology and its leadership in advancing accessibility solutions globally. The AI for Good Global Summit, organized by the International Telecommunication Union (ITU) in collaboration with over 40 United Nations organizations, including UNIDO and UNESCO, is a leading platform for dialogue on AI, promoting international cooperation among major AI economies. Through workshops and case-study initiatives, the AI for Good Global Summit aims to facilitate the exchange of exemplary experiences and expert knowledge on the global application of AI technologies and models, ultimately improving fairness in AI. This year, the Summit's Innovate for Impact challenge awarded 51 AI-driven use cases selected from 238 submissions received from across 32 countries. At the ceremony, Mr. Wei Wei, Director-General of the Department of Science and Technology at China's Ministry of Industry and Information Technology, and Dr. Bilel Jamoussi, Deputy Director of ITU's Telecommunication Standardization Bureau, jointly presented certificates to the winning companies and institutions. At the summit, Cao Yuqiong, Senior Director of Software Industry Development at vivo, delivered a keynote titled "AI Expanding Human Perception Seeing, Hearing, Understanding Everything." Cao emphasized vivo's vision of "Technology for a Better Future" and demonstrated some of the company's key accessibility innovations, including vivo Seeing and other pioneering features designed to create a fairer digital world. Since 2019, vivo has been leveraging on-device AI capabilities to create industry-leading accessibility solutions. Among these innovations are vivo Listening, which enables two-way voice-to-text communication, and the world's first "Sign Language Translator," a breakthrough in overcoming complex grammar recognition challenges. Additionally, vivo has introduced the industry's first AI visual assistance product, vivo Seeing, which pioneers a multimodal visual assistance system that provides core functions such as environment description and object localization. vivo has also developed vivo Music Scores Reader, designed for visually impaired music lovers. vivo's ongoing efforts in information accessibility have earned recognition and affirmation from reputable organizations and institutions domestically and internationally. In June 2025, vivo Voice for Hope Initiative was shortlisted as an "Outstanding Case of Technology for the Disabled" by the China Academy of Information and Communications Technology. At the 7th Technology Accessibility Development Conference (TADC), the initiative titled "vivo Information Accessibility: Industry Practice Driven by Large Models" was awarded the "2025 Outstanding Case of Information Accessibility." In addition, vivo is taking the lead in creating a barrier-free ecosystem empowered by science and technology. vivo's barrier-free technology is now featured in the National Barrier-Free Environment Exhibition Hall, making vivo the first technology company to provide guided tours for individuals with disabilities using smartphones in China. As part of its efforts to build an open platform for "science and technology for good," vivo has made its full-stack AI capabilities available to developers at no cost, with a particular focus on those developing barrier-free solutions. In May 2025, vivo and the China Disabled Persons Welfare Foundation held a conference on the vivo Voice for Hope Initiative - Special Action on Technology for the Disabled. During the conference, vivo announced its commitment to invest RMB 30 million over the next five years to explore innovative solutions that empower people with disabilities to live barrier-free lives. To date, vivo's products and services have reached over 500 million users in 60 countries and regions around the world, with accessibility features benefiting more than 4 million users. (END) About vivo vivo is a technology company driven by user orientation to create exceptional products, with smart terminals and intelligent services at its core. It aims to bridge the gap between people and the digital world, offering users a more convenient and personalized mobile digital life. Guided by its corporate values of 'Benfen' (staying grounded), user orientation, design-driven innovation, continuous learning, and teamwork, vivo integrates sustainable development strategies across its value chain, striving to become a healthier, enduring world-class enterprise. Headquartered in Dongguan, China, vivo taps into local talent resources and maintains an extensive R&D network spanning Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, and Xi'an. Its research covers a wide range of frontier areas, including 5G communication, artificial intelligence, industrial design, and imaging technology. Currently, vivo's manufacturing network (including authorized production) boasts an annual production capacity of nearly 200 million units, with sales covering over 60 countries and regions and a user base exceeding 500 million. For more corporate, brand, product, and technology updates, follow vivo's official WeChat accounts: 'vivo'. For additional media resources, high-resolution images, or videos, please visit: About ITU The International Telecommunication Union (ITU) is the United Nations agency for digital technologies, driving innovation for people and the planet with 194 Member States and a membership of over 1,000 companies, universities, civil society, and international and regional organizations. Established in 1865, ITU coordinates the global use of the radio spectrum and satellite orbits, establishes international technology standards, drives universal connectivity and digital services, and is helping to make sure everyone benefits from sustainable digital transformation, including the most remote communities. From artificial intelligence (AI) to quantum, from satellites and submarine cables to advanced mobile and wireless broadband networks, ITU is committed to connecting the world and beyond. Learn more: View original content to download multimedia: SOURCE vivo Error 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
Yahoo
16-07-2025
- Business
- Yahoo
Baseus Becomes One of the First to Deliver Qi2.2-Certified Power Banks to The Market
SHENZHEN, China, July 16, 2025 /PRNewswire/ -- Baseus proudly announces that it is set to become one of the first brands to deliver Qi2.2-certified power banks to consumers, with three new models rolling out globally starting this August. As wireless charging technology enters a new era, Baseus leads the way—bringing the speed, safety, and precision of Qi2.2 to users through practical, stylish devices. Qi2.2: Faster, Smarter, More Precise Qi2.2, introduced by the Wireless Power Consortium (WPC), marks a major leap in wireless charging. The standard raises maximum wireless output from 15W to 25W—ideal for modern high-demand smartphones. ±0.5mm magnetic alignment precision improves charging efficiency by up to 40%, reducing misalignment-related energy loss. An upgraded foreign object detection (FOD) system enhances user safety, while backward compatibility ensures seamless support for Qi1.3, Qi2.0, and other mainstream devices. For more details on the Qi2.2 standard and its benefits, please visit the Qi2.2 guide on our blog. Three Devices, One Seamless Qi2.2 Experience Baseus introduces a trio of Qi2.2-certified charging solutions, each tailored to different user needs but united by next-gen speed and precision. The PicoGo AM61 Magnetic Power Bank features 25W magnetic wireless charging and a built-in 45W USB-C cable—an all-in-one solution for fast, flexible power. The PicoGo AM52 Ultra-Slim Magnetic Power Bank packs the same wireless performance into a slim, ergonomic aluminum-silicone body, perfect for everyday portability. The PicoGo AF21 Foldable 3-in-1 Wireless Charger features a foldable 3-in-1 design, delivering up to 35W total output—ideal for powering multiple devices at once. The new Qi2.2-certified power bank series will launch globally starting this August through Baseus's official online store and leading e-commerce platforms such as Amazon. Leading the Future of Charging Technology Baseus's leadership in Qi2.2 reflects its ongoing mission to push the boundaries of charging innovation. As a pioneer in GaN fast-charging, Baseus has introduced some of the world's most compact and powerful GaN chargers, developed in collaboration with industry leaders. The brand is also globally recognized as the No.1 name in retractable power accessories, with its patented cable technology delivering unmatched durability, flexibility, and ease of use—powering users across commuting, travel, and home environments. With the arrival of Qi2.2-certified power banks, Baseus reaffirms its commitment to creating high-performance, user-first solutions that are both accessible and beautifully designed. About Baseus Founded in 2011, Baseus was born out of utmost care for users. The company embodies its slogan: Practical. Reliable. Base on User. This shows the pursuit of ultimate practicality to solve users' problems with outstanding design and fashionable appearances that also reflect reliability, high quality, and cost-effectiveness. Baseus delivers a variety of products - including Portable Chargers, Desktop Chargers, Wall Chargers, Wireless Earbuds, and Docking Stations. Chosen by 300 million users and providing 6 billion services, Baseus delivers over 100 million practical and aesthetic products each year, continuously enhancing users' sense of fulfillment. Join the Baseus family today to see a new world of technological innovation. Media Contact: Email: pr@ Baseus Official Website: View original content to download multimedia: SOURCE BASEUS TECHNOLOGY (HK) CO, LIMITED Sign in to access your portfolio
