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BEIJING, March 28, 2025 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with a strong internet foundation, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on March 28, 2025 (the "Form 20-F"). The Form 20-F can be accessed on the Company's investor relations website at http://ir.baidu.com. The Company will provide a hard copy of the Form 20-F containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to IR Department, Baidu, Inc., Baidu Campus, No. 10, Shangdi 10th Street, Haidian District, Beijing 100085, People's Republic of China. The Company also published an annual report for the year ended December 31, 2024 (the "Hong Kong Annual Report") today pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEx"). The Hong Kong Annual Report contains substantially the same information as set forth in the Form 20-F and can be accessed on the Company's investor relations website at http://ir.baidu.com as well as the HKEx's website at http://www.hkexnews.hk. About Baidu Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with a strong internet foundation, trading on NASDAQ under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.
BEIJING, March 28, 2025 /PRNewswire/ -- A news report from China.org.cn on some stories of the people in Xizang:  Three generations of “Lhamo” and a brand-new Xizang During China's "two sessions" earlier this month, Penpa Lhamo, a member of CPPCC made her proposals concerning the development of her hometown, Xizang Autonomous Region. Lhamo, meaning "fairy," is a common name for women of the Tibetan ethnic group, and it also appears in the names of Penpa Lhamo's mother and grandmother. However, the three generations of "Lhamo" have had completely different life trajectories. Grandmother Lhamo was once a serf of the lowest status in Xizang. Back then, serfs like her had no freedom at all, working endlessly for food barely enough to live, and almost impossible to keep warm, let alone the luxury of education. As the offspring of a serf, Phurbu Lhamo, mother of Penpa Lhamo, was born into the same fate, and began to work for the Tibetan nobility since she was six. After the democratic reform, serfs and slaves, who accounted for 95% of Xizang's population at the time, finally gained freedom, ownership of production materials, and the opportunity to build better lives while enjoying various rights. The mother, Phurbu Lhamo, one of the beneficiaries of the change, acquired the chance to receive education in Xianyang, Shaanxi Province before returning to work in Xigaze City. When it came to Penpa Lhamo, life in Xizang had improved significantly, and educational policies among others became more comprehensive. Penpa Lhamo smoothly obtained her bachelor's degree, before pursuing further education and earned her master's degree and PhD, during which time she also went on academic exchanges in Norway and the U.S. Now, she is not only deeply engaged in law and South Asian studies, but she also conducted repeated research on grassroots communities, so that she can offer more valuable insights for her hometown Xizang's development. From regaining freedom and becoming the masters of their own destinies, to meeting basic needs and receiving education, and ultimately pursuing further development and even participating in the discussion of state affairs, the journeys of these three generations of Tibetan women also reflect the tremendous changes in Xizang over the past six decades or so. In Xizang today, food like tsampa, meat, fruits and vegetables that were once out of reach except to the nobility have become everyday staples. In residential communities, spacious and well-kept Tibetan-style buildings have mushroomed. The once almost isolated Xizang now enjoys continuous improvements in transportation and communication infrastructure, while the advancements in digitalization and smart technology are within easy reach. A robust social welfare system, including the medical care insurance, offers a safety net for the elderly in Xizang, easing concerns over illness and elderly care; the 15-year free education policy enables children to attend preschool to high school free without fear of having to drop out. Schools in Xizang offer curriculum in both Mandarin and Tibetan; ancient Tibetan texts are carefully preserved; and intangible cultural heritage including Tibetan medicine and Tibetan opera continue to be passed down and innovated… Bright sunshine has truly lighted up the snow-capped plateau, and bathing in such sunshine are numerous young and vibrant faces thriving in Xizang. Kelsang Pedron, the first Tibetan female in China's PLA Air Force can confidently fly a fighter jet. Tenzin Yeshe, a young Tibetan opera performer has committed himself to preserving and innovating this rich intangible cultural heritage. Young cyclist Kalsang Chophel rides along with Xizang's mountain bike team, chasing his dream… In each of them lies a promise of a brighter tomorrow for Xizang. This year marks the 60th anniversary of the establishment of the Xizang Autonomous Region, and on March 28th, the people of Xizang celebrate the Serfs' Emancipation Day. Have the people of Xizang enjoyed abundant human rights for the past six decades or so? The stories of these individuals, and the futures they are building, all speak for themselves. China Mosaic http://www.china.org.cn/video/node_7230027.htmThree generations of "Lhamo" and a brand-new Xizanghttp://www.china.org.cn/video/2025-03/28/content_117792195.htm
SINGAPORE, March 27, 2025 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU), today announced year-end financial results for its fiscal year 2024 ended December 31, 2024. Financial Highlights In 2024, the Company's total annual revenue reached a record high of $36.2 million, primarily driven by approximately $31.6 million from membership and top-up streaming services, and approximately $3.7 million from online advertising services. The Asia-Pacific market accounted for about 44.89% of the total revenue, and the United States and Canada contributed about 37.11%. As for profitability, the Company achieved a gross profit of about $21.0 million in 2024, resulting in a gross profit margin of 58.09%. Operational Highlights In 2024, the revenue from membership and top-up streaming services was approximately $31.6 million and user recharge reached approximately $33.4 million. During 2024, the Company had 10.0 million total active users and 1.0 million total paying users. The average revenue per user (ARPU) was approximately $3.15 while the average revenue per paying user (ARPUU) was approximately $31.22. Period Active Users (PAU) from the United States and Canada accounted for approximately 20.5% of the PAU user base, and 36.5% were from the Asia-Pacific region, making theses the Company's two largest user markets. The ARPU in the two regions were approximately $6.53 and $3.15, respectively. As of March 31, 2025, FlexTV's content library included approximately 560 short dramas, spanning over 2,400 titles in 15 languages. Among these, around 90 short dramas are self-produced, with half originally created in English. In a strategic move to expand our global footprint in 2024, the Company established strategic cooperation with international partners. This includes a plan to start a joint venture with 9Yards to launch a $100 million investment fund focusing on short drama production and AI-driven projects, and a collaboration with Telkomsel to introduce FlexTV's short drama content to the Indonesian market through telecom packages. Management Commentary Mr. Yucheng Hu, CEO of MPU, commented, "In 2024, FlexTV achieved remarkable growth across multiple fronts, delivering strong revenue performance and a significant increase in original content output, while maintaining steady user engagement that validates our strategic direction. Our innovative short dramas, specifically designed for vertical viewing, continue to resonate deeply with audiences, solidifying our position as a pioneer in this area. In 2025, we will continue to expand FlexTV's content library, deepen partnerships, and enhance user engagement, driving sustained growth and innovation in the global short drama market, reaffirming our confidence in FlexTV's potential to deliver value to both audiences and shareholders." About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company. Mega Matrix Inc. is a Cayman Islands corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io. Key Metrics The numbers for our key metrics, which include our period active users (PAU), period paying users (PPU), average membership and top-up streaming service revenue per active user (ARPU), and average membership and top-up streaming service revenue per paying user (ARPPU), are calculated using internal company data based on the activity of user accounts. We define an active user as a user who has downloaded and opened the FlexTV app at least once. We define a paying user as a user who has registered for a membership or has topped up, provided a method of payment, and is entitled to access FlexTV services (this membership or topping up does not include participation in free trials or other promotional offers extended by FlexTV to new users). We define ARPU as average membership and top-up streaming services revenue generated by each active user in one quarter. We define ARPPU as average membership and top-up streaming services revenue generated by each paying user in one quarter. We use these metrics to assess the growth and health of the overall business and believe that ARPU best reflects our ability to attract, retain, engage and monetize our users, and thereby drive revenue. While these numbers are based on what we believe to be reasonable estimates of our user base for the applicable period of measurement, there are inherent challenges in measuring usage of our products across large online and mobile populations around the world. In addition, we are continually seeking to improve our estimates of our user base, and such estimates may change due to improvements or changes in technology or our methodology. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 20-F, filed with the SEC on March 28, 2025, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Disclosure Channels We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels: X (f/k/a Twitter): twitter.com/MegaMatrixMPU Facebook: facebook.com/megamatrixmpu facebook.com/flextvus LinkedIn: linkedin.com/company/megamatrixmpu TikTok: tiktok.com/@flextv_english YouTube: youtube.com/@FlexTV_English The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website. For inquiries, please contact: Info@megamatrix.io
O-RAN ALLIANCE operator members shared deployment experiences aligning on key near-term priorities to further accelerate O-RAN deployments worldwide O-RAN ALLIANCE continues laying the foundation for AI adoption in RAN O-RAN ALLIANCE is working with 3GPP to coordinate efforts towards a unified vision for 6G These directions, and more, were covered in the O-RAN ALLIANCE Summit at MWC Barcelona 2025 – watch session recordings! BONN, Germany, March 28, 2025 /PRNewswire/ -- At the recent O-RAN ALLIANCE Summit at MWC Barcelona 2025, the O-RAN ALLIANCE (O-RAN) highlighted substantial progress made throughout 2024 and near-term priorities for its future efforts. Video banner: Watch recordings from O-RAN ALLIANCE Summit at MWC 2025 Abdu Mudesir, Chair of the Board of O-RAN ALLIANCE and Group CTO, Deutsche Telekom said: "O-RAN ALLIANCE continues to uphold its core mission, ensuring that openness fosters interoperability and innovation to drive vendor diversity and competition, intelligence integrates AI to enhance network efficiency and management, and virtualization enables flexible, cloud-based RAN deployments for scalability and cost efficiency." O-RAN ALLIANCE operator members shared deployment experience aligning on key near-term priorities for implementation specifications, which are pivotal for scaling O-RAN deployments worldwide. These include: High-performance, interoperable open fronthaul to enable efficient massive MIMO operations Advanced AI-driven network management and control through a mature RAN Intelligent Controller (RIC) and a decoupled Service Management and Orchestration (SMO) Enhanced security, with an expanded security assurance program and the adoption of Zero Trust Architecture (ZTA) to safeguard O-RAN ecosystems Intelligence, along with openness and virtualization, has been a sustained key goal of the O-RAN ALLIANCE. AI support was embedded into O-RAN Architecture from the beginning, including support for hierarchical RICs and open interfaces enabling intelligent RAN management and control. Throughout 2024, O-RAN ALLIANCE continued laying the foundation for AI adoption in RAN to address the priorities expressed by operators. Notable advancements include: RIC-enabled energy saving and massive MIMO optimization RAN Information Exposure (RAIE) framework, enabling third parties to optimize their own innovative applications based on O-RAN network status information Enabling AI/ML life cycle and data management with the decoupled SMO and R1 interface Standardization and government institutions, ATIS (North America), ETSI (Europe), Ministry of Internal Affairs and Communications (Japan) and TTA (Republic of Korea) described their regional approaches to support open RAN. Adopting O-RAN ALLIANCE specifications into national standards ensures world-wide alignment and avoids fragmentation. Funding initiatives support open and intelligent RAN R&D and trials, boosting private sector innovation. O-RAN supports vertical industries—such as healthcare, manufacturing, transportation, and more—by providing a flexible, intelligent, and open network architecture that can be customized to meet the specific needs of various sectors. Industries' interest is centered on intelligent RAN for custom network behavior. O-RAN-based solutions enabled specialized high-performance uplink connectivity for events like Paris Olympics in 2024. Open principles pave the way for expansion of terrestrial RAN into satellite coverage solutions. As the telecom industry progresses towards 6G, the O-RAN ALLIANCE is working with 3GPP to coordinate efforts towards a unified vision for 6G, building on 3GPP's architecture evolution. This collaboration aims to ensure a seamless integration of O-RAN ALLIANCE's open and intelligent RAN solutions with the broader 6G ecosystem, ensuring that the specifications and standards are consistent and complementary. About the O-RAN ALLIANCE Summit at MWC Barcelona 2025These directions, and more, were covered in the O-RAN ALLIANCE Summit at MWC Barcelona 2025. The Summit provided a comprehensive update on the state of O-RAN, sharing insights on operational experience, regional views on open RAN initiatives, and applications in key industry verticals. The Summit explored the future evolution of 3GPP and O-RAN ALLIANCE architectures towards 6G. The Summit featured 24 distinguished speakers across six sessions: State of O-RAN O-RAN ALLIANCE - Enabling Continuous Innovation: AI in the RAN, Security, Efficiency, and More Towards Open RAN Deployments at Scale: Applying Operational Experience Future Evolution of 3GPP and O-RAN ALLIANCE Architectures for 6G: Pathways and Cooperation Regional Views on Open RAN Activity & Outlook Applying Open RAN to Industry Verticals Watch the O-RAN ALLIANCE Summit session recordings to learn more. About O-RAN ALLIANCEThe O-RAN ALLIANCE is a world-wide community of mobile operators, vendors, and research & academic institutions operating in the Radio Access Network (RAN) industry. As the RAN is an essential part of any mobile network, the O-RAN ALLIANCE's mission is to re-shape the industry towards more intelligent, open, virtualized and fully interoperable mobile networks. The new O-RAN specifications enable a more competitive and vibrant RAN supplier ecosystem with faster innovation to improve user experience. O-RAN based mobile networks at the same time improve the efficiency of RAN deployments as well as operations by mobile operators. To achieve this, the O-RAN ALLIANCE publishes new RAN specifications, releases open software for the RAN, and supports its members in integration and testing of their implementations. For more information, please visit www.o-ran.org.
SANTA CLARA, Calif., March 28, 2025 /PRNewswire/ -- Vobile, a worldwide leader in digital content protection and transaction services, today announced the launch of DreamMaker, a groundbreaking platform that combines AI-powered creative video production with its industry-leading copyright protection and monetization solutions. Built on top of NVIDIA Media2 technologies and leveraging NVIDIA accelerated infrastructure, DreamMaker empowers independent creators to generate, compose and publish short video content efficiently while ensuring copyright compliance to unlock revenue streams. Key features of DreamMaker include: Vobile DreamMaker (dream.vobile.ai) Seamless Integration of Multimodal AI Models: Access to multiple generative AI models along with NVIDIA Media2 resources to create content. Comprehensive Production Suite: A set of powerful AI tools for video creation to streamline workflows. Built-in Copyright Protection: Industry-leading digital fingerprinting and watermarking technologies to ensure copyright compliance. One-Click Monetization: Turn creativity into revenue with the Vobile MAX platform. Increased revenue opportunities give strong incentives for independent creators to focus on storytelling. Supercharged Production with NVIDIA accelerated Infrastructure: Unparalleled performance accelerated by Blackwell to boost revenue and profit for independent creators. Independent creators are adopting generative AI for their work but face several challenges, including cost, complex workflows, limited access to gen AI computing resources, and inadequate copyright protection and monetization. DreamMaker transforms the landscape by offering a variety of AI content generation tools with integrated copyright protection and seamless monetization. "Generative AI holds enormous potential for the media and entertainment industry," said Yangbin Wang, Chairman and CEO of Vobile. "DreamMaker unlocks AI-powered creativity and empowers independent creators to produce content profitably. Now, the AI factory can generate sustainable profits by producing high-quality tokens, such as AI-generated video entertainment. This fuels an entirely new creator economy." Vobile's industry-leading expertise in content protection and monetization, trusted by long-time customers including major Hollywood studios and TV networks, positions DreamMaker as a game-changing solution for the future entertainment ecosystem. About VobileVobile is a worldwide leader in digital content protection and transaction services for premium entertainment companies, platforms, sports leagues, and publishers. Our industry-leading software solutions for copyright protection and content monetization, powered by AI technologies, make creative content more valuable. For more information about Vobile and its solutions, visit www.vobile.com Contact:VobilePR@vobile.com
WOBURN, Mass., March 28, 2025 /PRNewswire/ -- Monotype Imaging Inc., a global leader in type design and technology, and Canva, the all-in-one visual communication platform, are celebrating over 1 billion designs created using fonts from Monotype and its foundry partners. This achievement highlights the significance of Monotype and Canva's partnership, announced in 2023, and the power of typography to enhance design and spark creativity. Monotype x Canva The collaboration enables millions of designers and non-designers alike to create stunning visual content using more than 1,800 curated typefaces from the Monotype library from Monotype and foundry partners from around the globe. Font software available on the platform from the Monotype library includes classic font families like Sabon® and Helvetica® and new standards like Gotham® and Recoleta. "We're incredibly proud of this milestone," said Charles Nix, Senior Executive Creative Director at Monotype. "Over one billion designs created is proof positive that quality typefaces are integral to the Canva users' creative processes. The Canva x Monotype collaboration underscores the importance of quality fonts in achieving design excellence." Silvia Oviedo, SVP and Head of Content and Discovery at Canva shared: "Partnering with Monotype has opened up the world's most iconic typefaces to our community of professionals and creators, helping them elevate their work to new heights. This milestone shows just how powerful the combination of premium typography and accessible design can be. We can't wait to see more amazing work come from our shared community of creators." Monotype's partner foundries are equally delighted with the Canva partnership. "Seeing my fonts in Canva's library gets me fired up, and here's why: They're blazing a different trail for how people discover and work with fonts. Canva's cracking open the door for the next generation of designers to work with professional fonts from day one. As typeface designers, we want our fonts to get used, and this is breaking down traditional barriers between my fonts and new designers," said Raymond Larabie, Founder of Typodermic Fonts. "It's an exciting moment when some of the best type designers collaborate with the best online design platform. Something incredible is bound to happen. We are delighted that our fonts are available on the Canva platform, giving Canva users the opportunity to take their projects to the next level," Luciano Vergara, Co-Founder of Latinotype. "Joining Canva's platform with Loew Next Arabic™ has opened exciting opportunities for our typeface to reach a global audience. Canva's easy-to-use design tools allow users worldwide access, which can play a vital role in creating designs that communicate across cultures and languages. This collaboration aligns perfectly with our mission to deliver accessible, high-quality multi-script typefaces that enhance creativity and inclusivity," said Jonathan Hill, Founder of The Northern Block. Last May, Canva announced the launch of its Canva Enterprise offering, making it easier for large global teams that span human resources, sales, marketing, and creative teams to solve design challenges seamlessly. Premium typography helps to enable this effort, allowing brands to express their visual identities consistently across channels and to communicate with customers in a myriad of languages. Highlights of the Canva x Monotype Collaboration Over 1 billion designs: Since the partnership began, Canva users have utilized fonts from the Monotype library in creating over one billion designs. Popular fonts: Amoresa, Biro Script Plus, and Sugar Pie have been top choices among the most recent additions to the platform, reflecting the immediacy and approachability of scripts and handmade letters. Global reach: Canva's top 5 performing markets for Monotype library fonts are the US, Brazil, the Philippines, Indonesia, and India. Enterprise access: Increasingly, Monotype and Canva are enabling access for brands to leverage new typography within the platform. Type curriculum: Classes on Canva's Education Platform provide resources including lecture topics, in-class discussions, and activities geared toward engaging students around design. Elevating Design for the FutureAs Monotype and Canva celebrate two years of partnership, it is clear there is much more for the teams to build together. Since the partnership was announced at Canva Create in Sydney in 2023, more than 1,800 fonts covering hundreds of languages and scripts have been added to the platform. Joint events have proved enormously popular in regions around the world, and the companies plan to continue collaborative initiatives to bring value to design audiences. With over 1 billion designs created using fonts from the Monotype library, the partnership between Monotype and Canva highlights the value that creatives put on typography and the potential for future growth. See more information on Canva Enterprise. Learn about how to partner with Monotype to deliver value through type, technology, and expertise. About Monotype Monotype brings brands to life through type and technology that consumers engage with every day. We offer a library of over 150,000 fonts from over 4,500 talented designers and foundries across the world. We work with the biggest global brands and individual creatives, offering a wide selection of solutions that make it easier for them to do what they do best: design beautiful brand experiences. Further information is available at www.monotype.com. Follow Monotype on X, Instagram, and LinkedIn. About CanvaCanva is a free-to-use online visual communications and collaboration platform which aims to enable everyone and anyone to design, by simplifying the design process. With a simple drag-and-drop interface, users can create social media posts, presentations, posters, videos, logos and more, without technical expertise. Canva is home to a global design community that spans more than 190 different countries, with more than 200 designs created every second. Photo - https://mma.prnasia.com/media2/2651985/Monotype.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/1741762/Monotype__Logo.jpg?p=medium600
Multimedia/Online/Internet
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