(AsiaGameHub) - The National Football League has designated Las Vegas as the host city for Super Bowl LXIII in 2029, with Allegiant Stadium officially named the venue following a vote by team owners at the league's annual meeting in Phoenix. This move returns the NFL's premier event to the city just five years after it first held the Super Bowl. Good to Know Las Vegas is set to stage its second Super Bowl in 2029. The inaugural event in 2024 attracted over 330,000 visitors and had an economic impact exceeding $1 billion. Allegiant Stadium is also scheduled to be the site of the College Football Playoff championship in 2027 and the Final Four in 2028. Las Vegas Builds on a Strong First Super Bowl The selection for 2029 came after an evaluation by the NFL Fan Engagement & Major Events Committee. League representatives emphasized that the success of the first Las Vegas Super Bowl was a key factor in the decision. That game, where Kansas City defeated San Francisco 25-22 in overtime, allowed the city to demonstrate its capacity to manage a huge sporting event, with the Strip, stadium, and ancillary activities all in close proximity. NFL commissioner Roger Goodell stated: “We’re excited to bring the Super Bowl back to Las Vegas and provide our fans another incredible experience in one of America’s greatest sports and entertainment destinations.”NFL executive vice president Peter O’Reilly also referenced the prior game, noting the league considered the 2024 Super Bowl a major success due to the city's impressive scope, vibrant atmosphere, and welcoming hospitality. This performance led to unanimous backing from team owners for a repeat visit. Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, commented: “We’re proud the NFL has selected Las Vegas to host Super Bowl LXIII.” Hill added that the first Super Bowl there illustrated Las Vegas's unique ability to fuse sports, entertainment, and hospitality into a single location.The city's sports schedule is becoming increasingly packed leading up to 2029. Allegiant Stadium will welcome the College Football Playoff national championship in 2027 and the Final Four in 2028. The Athletics are planned to start playing in a new Las Vegas ballpark in 2028, and an NBA expansion franchise may also debut that year. This continuous stream of major events is solidifying Las Vegas's position at the heart of the American sports industry. Mark Davis remarked: “We’re excited that the Super Bowl will be returning to Las Vegas and Allegiant Stadium in 2029.” Hill further noted that the effort to relocate the Raiders to Las Vegas and construct Allegiant Stadium has been “transformational for Las Vegas,” elevating the city's stature and preparing it for additional large-scale international events. In the week before the game, the metropolitan area is anticipated to hold a complete lineup of Super Bowl events, such as NFL Honors, the Super Bowl Experience presented by Jersey Mike’s, and Super Bowl Opening Night Fueled by Gatorade, plus community initiatives like NFL Source. On Location, the NFL's official hospitality partner, has launched a Priority Access deposit program offering fans early opportunities for tickets and hospitality packages. This award also underscores the evolving relationship between Las Vegas and the NFL. For a long time, the city's legal sports betting was a deterrent in the league's hosting considerations. That stance has shifted, and Las Vegas has subsequently become the Raiders' home, hosted the NFL Draft, and now landed another Super Bowl. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Massachusetts Rolls Out New Responsible Gaming Program PlayWell
(AsiaGameHub) - Massachusetts has introduced PlayWell, a fresh initiative focused on responsible gambling and player wellness, which now serves as the state's successor to GameSense. The program will be integrated into sports betting platforms and casinos, providing assistance via telephone, online channels, and in-person interactions. Key Details PlayWell has taken over for GameSense throughout Massachusetts. Dedicated PlayWell Hubs were established at all casino locations on March 27. The initiative features PlayMyWay, a resource that allows users to establish daily wagering limits. PlayWell Introduces a State-Managed Framework According to the Massachusetts Gaming Commission, this launch represents a significant milestone in the ongoing development of a robust player health infrastructure for the state's regulated gambling sector. In a shift from the previous model, PlayWell is entirely under the ownership of the commission, with the Massachusetts Council on Gaming and Health overseeing its day-to-day management. MGC Chair Jordan Maynard stated: “At the time gaming was legalized in the Commonwealth, it was vital to establish a premier program for research, responsible gaming, and player health to guarantee the industry's long-term success.”Maynard further noted that the new initiative, which is “developed, owned and operated by the MGC,” provides the commission with a more effective mechanism to assist residents seeking support. PlayWell also features physical hubs located at every casino across the state. These areas are designed to offer patrons a space to take a break, gain insights into gaming mechanics, or consult with professional advisors. Assistance is not restricted solely to those experiencing gambling issues; staff are available to engage with visitors individually and provide guidance on resources, information, and voluntary self-exclusion programs. Mark Vander Linden, the MGC’s Director of Research and Responsible Gaming, remarked: “PlayWell is tailored to the specific requirements of Massachusetts players. Utilizing research and evaluation, PlayWell advisors provide patrons with pertinent and timely information, tips, and resources, whether they are playing online or at a casino.”A primary component of the program is PlayMyWay, which the commission identifies as a pioneering tool that enables players to set daily limits on their gambling activity. MGM Springfield was among the casino operators to implement the program, with compliance director Daniel Miller emphasizing that the hubs are intended for all patrons, not just those currently experiencing difficulties. He stated: “These centers should truly be accessible to everyone. It is meant to encourage all visitors to stop by.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Tennessee Advances Bill to Ban Sweepstakes Casinos Closer to Final Approval
(AsiaGameHub) - Legislators in Tennessee are rapidly progressing with a bill to formally outlaw sweepstakes casinos, intensifying the challenges for the dual-currency model, which has been facing setbacks in multiple states. Good to Know The bill was advanced by a House committee in a 21-0 vote, with one member present who abstained from voting. A corresponding bill previously passed the Senate with a unanimous 32-0 vote in March. Once the law becomes effective in 2026, operators and their third-party vendors may be subject to both civil and criminal penalties. Tennessee Keeps the Bill Moving Without Resistance On Tuesday, the Tennessee House State and Local Government Committee passed the measure without any debate or apparent opposition. The legislation now proceeds to the Finance, Ways and Means Committee, with a subsequent vote by the full House expected. This development brings Tennessee near to finalizing the ban, particularly following the Senate's unanimous approval of a matching bill earlier this month. The proposed law has garnered extensive bipartisan backing and encountered minimal resistance throughout the legislative process. The legislation aims to officially prohibit online sweepstakes casinos that operate on a dual-currency system. It would also provide state authorities with a more defined legal avenue to pursue enforcement against the operators and their associated vendors.Tennessee is already among approximately a dozen states where many leading sweepstakes operators have ceased accepting customers. The current legislative effort seeks to codify this stance into law. Tennessee Keeps Sports Betting but Not Online Casino Play While Tennessee permits legal online sports betting, the state does not authorize physical casinos. It has also not made significant efforts to legalize real-money online slot machines or table games. Consequently, legislators are adopting a stricter approach against sweepstakes casinos rather than establishing a regulated market for online casino gaming. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Missouri Sports Betting Volume Drops 27% During February
(AsiaGameHub) - Sports betting activity in Missouri slowed significantly in February, as betting volume, revenue, and promotional expenditures all decreased compared to January. Despite this drop, the market still surpassed $1 billion in total wagers over its initial three months. Good to Know Missouri recorded a sports betting handle of $277 million in February, a 27.2% decrease from January. Gross revenue declined to $31.3 million, marking a 42% drop month-over-month. State tax revenue reached a new high of $1.2 million due to a reduction in promotional deductions. February Pullback Impacts Handle, Revenue, and Promotions Missouri bettors placed fewer wagers in February, and the decline was substantial. The Missouri Gaming Commission reported a combined retail and online handle of $277 million, down from January’s $380.4 million. Online platforms accounted for $273 million of that total. Gross revenue for the eight mobile and eight retail operators stood at $31.3 million. This was the lowest handle since the market launched in December 2025 and the first time the monthly hold rate fell below 14%, ending at 11.3%. Still, operators have now taken more than $1 billion in bets during the first three months of legal sports wagering, while Missouri’s total revenue has exceeded $180 million. The tax landscape shifted in the opposite direction. Missouri collected $1.2 million in February, its best month to date. December and January both saw tax collections below $600,000 because taxable revenue turned negative after heavy promotional deductions. This changed in February as free-play spending dropped to $11.4 million, down from $33 million in January and $125 million in December.FanDuel distributed $4.6 million in promotional wagers, down from $14.6 million the previous month. DraftKings cut its free-play spending by $6 million to $3.6 million. Fanatics offered over $815,000, less than half its January amount. bet365 was the only other operator with free-play spending above $1 million. DraftKings Leads as Football Betting Wanes DraftKings topped Missouri’s online sportsbooks in February with a handle of $104.9 million and gross revenue of $12.6 million. FanDuel followed with $92.5 million in handle and $11.9 million in revenue, boosted by a 12.9% hold rate nearly a full point higher than DraftKings’. bet365 was the only other operator with a handle over $20 million, taking in $20.4 million and holding 10.8%. BetMGM handled $19.2 million but had a hold rate of just 6.8%. Fanatics maintained a hold rate under 8.5% on nearly $18 million in wagers. Caesars came close to $12 million in handle, but a 6% hold rate kept profits modest. theScore Bet posted a 10.8% hold rate on more than $5 million in wagers, while Circa Sports earned less than $70,000 on a $1.4 million handle. Football betting fell sharply once the postseason schedule thinned out. Super Bowl LX between the Seattle Seahawks and New England Patriots generated $11.7 million in wagers. In January, football handle excluding parlays hit $72 million during the NFL playoffs and College Football Playoff.Basketball led Missouri’s betting market for the second straight month with nearly $110 million in handle. Parlays also played a major role, attracting more than $91 million in wagers. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
联想控股2025年纯利飙升近7倍 科创布局步入效能释放期
香港, 2026年4月1日 - (亚太商讯 via SeaPRwire.com) - 2026年3月31日，据香港财华社报道，今日，联想控股（3396.HK）正式发布2025年度业绩，在"十四五"收官之年交出了一份颇亮眼的成绩单。业绩公告显示，2025年公司实现收入6059.45亿元，同比增长18%；净利润97.99亿元，同比增长28%；归母净利飙升698%至10.61亿元。业绩强势回暖的同时，董事会建议派发末期股息每股0.1元（除税前）。据公司称，收入增长的主因是由于公司产业运营板块之附属公司联想集团收入同比大幅增长，而利润增长则主要受益于资本市场回暖，由产业孵化与投资板块业务亏损同比减少所致。从市场关切的视角来看，联想控股如何构建其科技创新体系，仍是最受关注的焦点之一。2025年，联想控股研发投入超170亿元，同比增长10%，创下历史新高。"十四五"期间累计研发投入超750亿元，较"十三五"增长超60%。与此同时，公司25年投资中国科技企业近150家，覆盖AI、具身智能、半导体、生物医药、商业航天、新能源新材料等多个科技前沿领域；目前在AI领域已投资超300家企业，拥有完整和全面的AI生态体系。此外，联想控股CEO于浩博士进一步介绍了公司的科技创新体系：在产业端，以联想集团、联泓新科为代表，围绕主业加大研发投入；在孵化到投资端，以旗下基金投资中国科技前沿，并以联想之星创业CEO特训班为平台，培育中国科技创业生态圈；在技术研发端，以联想控股前瞻技术研究院探索早期技术商业化，真正实现创新链与产业链的无缝对接。当中，于浩特别提到了去年与北京大学合作成立的"先进光子集成技术联合实验室"："这是我们进军光子芯片这一全新领域的一次尝试，从而用‘协同前创新’模式替代传统的‘成果后转化’，拉近源头创新与产业需求的距离。"据他透露，未来联想控股还将在人工智能、新能源、新材料、智能传感等多个领域推进项目落地，加速推进面向新兴支柱产业和未来产业的全生命周期科创战略。此外，资产退出与资金用途也是资本市场关注的焦点。2025年，联想控股通过分红和退出方式回流现金74亿元。"十四五"期间，公司累计回流资金超450亿元。董事长宁旻对此表示："退出部分项目是基于公司战略聚焦的考量。回流的资源有力地支持了公司对科技创新和实体经济的大规模投入。"其中相当一部分被重新投入到科技研发与前沿布局中，这种良性循环恰恰是联控能够持续加码科创的底气所在。现阶段，联想控股的科创布局已形成清晰的战略闭环。在"十四五"收官、"十五五"将至的节点上，联想控股的科创属性也正在经历从量变到质变的转化。核心资产的战略韧性、产学研融合的实质性落地、被投企业IPO的持续放量，这些都展现了对资本市场而言，其价值锚点正从"产业控股的多元化"加速走向"科技赋能的体系化"。而当聚焦科技主业、深化科创布局开始持续兑现为业绩增长，不难从中看出，联想控股的价值重塑目前已步入效能释放期。 Copyright 2026 亚太商讯 via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Most Americans Believe Sports Prediction Markets Are Gambling
(AsiaGameHub) - A recent national survey indicates that prediction markets continue to face challenges with public trust, particularly when sports contracts begin to resemble traditional betting. The poll revealed widespread apprehension regarding consumer protection measures, age restrictions, and whether these platforms should be subject to the same regulations as established sportsbooks. Key Findings Over 80% of Americans believe that sports betting on prediction markets is indistinguishable from gambling. More than 75% expressed concern that younger individuals could be exposed to gambling-related harm. Approximately 81% of respondents stated that prediction market platforms should adhere to state gaming regulations. Public Opinion Clearly Favors Gambling Classification The survey, commissioned by Gambling is Not Investing and conducted by Morning Consult, surveyed over 15,000 U.S. adults. It revealed a decisive public stance on this category, with the majority of participants not accepting the notion that sports event prediction markets are separate from gambling. Mick Mulvaney, executive director of the coalition, commented: “This polling confirms that the unchecked sports gambling occurring on prediction markets is a growing concern throughout America.” He further asserted that prediction markets are attempting to "disguise their sports betting products as a financial investment" while evading consumer protections like age limits. The age issue is particularly noteworthy. In most states, sportsbooks require users to be at least 21 years old to place sports bets. Prediction markets, however, fall under CFTC oversight, allowing access from the age of 18. Mulvaney summarized this point by stating: “Let’s face it, if it quacks like a duck, it’s sports betting.”The survey results also suggest a broader public reaction against the increasing visibility of prediction markets on social media and in public discourse. Despite gaining attention from significant political and business entities, the poll indicates that many Americans still prefer the sector to be regulated more like gaming than finance. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Alberta Confirms July 13 Start Date for Legal Online Gambling
(AsiaGameHub) - Alberta has officially designated July 13 as the commencement date for its regulated online gambling sector, providing private casino and sportsbook firms with a definitive timeline to begin operations under the province's new licensing structure. Dale Nally, the Minister of Service Alberta and Red Tape Reduction, communicated this date to stakeholders, formalizing expectations previously established by the regulator. Key Takeaways Alberta's regulated iGaming market is scheduled to debut on July 13. Prospective operators must finalize necessary agreements and satisfy compliance standards prior to the launch. Approximately 70% of current online wagering in Alberta is estimated to occur via unregulated or grey market platforms. Alberta Confirms July 13 Launch as Operators Finalize Preparations Minister Nally informed stakeholders that several tasks remain before the market goes live, particularly regarding contractual obligations and operational readiness. According to his correspondence, the Alberta iGaming Corp. is currently collaborating with operators on draft operating agreements, with the final versions anticipated by the middle of April. The Alberta Gaming, Liquor, and Cannabis Commission (AGLC) has notified interested parties that they must cease all unregulated operations and settle licensing fees by July 13. While extensions may be granted until October 13, these are reserved exclusively for operators who can demonstrate a clear, achievable plan for compliance that could not be completed by the initial launch date. The regulator further cautioned that failure to adhere to these directives could result in an operator being deemed ineligible for iGaming registration within the province.The significance of the July 13 date extends beyond Alberta's borders. Since 2022, Ontario has stood as the only Canadian province to implement a multi-operator regulated online gambling framework. Alberta is set to become the second, moving away from the lottery-monopoly model that remains the standard throughout most of the nation. The primary objective for the province is channelization. Essentially, Alberta aims to transition betting activity currently occurring on offshore or non-provincial websites into a regulated and taxable environment. Ontario has pursued a similar strategy, reporting that over 80% of its online gambling activity is now conducted through provincially regulated platforms. Currently, Play Alberta remains the sole provincially regulated site. This will shift significantly upon the market's opening, with major industry players such as FanDuel, DraftKings, and bet365 expected to participate. The AGLC has indicated that more than 50 operator sites have expressed interest in the market. Certain brands are already taking proactive steps. Companies including Caesars and theScore Bet have received authorization to begin pre-registering users, though the acceptance of deposits and wagers remains prohibited until the July 13 launch. FAQ When is the Alberta online gambling market scheduled to open? The regulated market is slated to launch on July 13. What changes will occur on the launch date? Private online casino and sportsbook operators will be permitted to launch under provincial regulation, ending the period where Play Alberta was the only authorized option. What is the motivation behind Alberta opening this market? The province intends to shift gambling activity away from black and grey market operators, bringing it under official provincial oversight and taxation. Are operators permitted to continue serving Alberta residents before July 13? The AGLC has instructed operators to discontinue unregulated activities by July 13, though some may be eligible for extensions until October 13 if they can provide a viable path to compliance. Which companies are expected to enter the market? The AGLC reports that over 50 operators have shown interest, with prominent names like FanDuel, DraftKings, bet365, Caesars, and theScore Bet already involved in discussions. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
Louisiana Pushes Bill Tying Illegal Gambling to Racketeering
(AsiaGameHub) - Louisiana legislators are taking steps to provide prosecutors with more robust tools to pursue illegal gambling cases. A measure that cleared the House would add multiple gambling-related offenses to the state’s racketeering legislation, making it simpler to classify large-scale operations as organized criminal activity, rather than addressing each infraction individually. Good to Know Louisiana House legislators approved HB 53 with overwhelming backing before advancing it to the Senate. The proposed legislation would incorporate multiple gambling-related offenses into the state’s racketeering statute. Prosecutors would have greater flexibility to pursue illegal gambling operations as coordinated criminal enterprises. House Bill 53, introduced by Representative Bryan Fontenot, cleared the Louisiana House on Monday with an 87-11 vote margin. The Senate subsequently held its first reading of the measure that same day, following an additional 86-11 vote, with a number of legislators choosing to abstain. The bill is currently listed on the Senate’s calendar for upcoming deliberation. To date, the measure has progressed with widespread backing, as Louisiana seeks more effective enforcement mechanisms for gambling-related cases. Additional Gambling Offenses Would Qualify for Racketeering Classification The legislation modifies the state’s racketeering structure by adding gambling-related offenses to the roster of crimes that can lead to racketeering charges. Under existing regulations, this list already includes specific behaviors linked to broader criminal patterns.HB 53 would expand this list to cover public gambling, computer-facilitated wagering, cockfighting-related betting, operation of electronic sweepstakes equipment, illegal betting by ineligible participants, and bribery of sports competitors. The core impact of the bill is clear. Rather than handling each gambling-related offense as an isolated incident, prosecutors would be able to construct cases based on the premise of a coordinated illegal operation. This provides the state with greater legal leverage in cases where gambling activity seems to be structured, ongoing, or connected across multiple separate acts. Louisiana is not the only jurisdiction taking this step. Legislators across multiple states have been working to address loopholes in gambling regulations and expand the application of existing criminal statutes in instances where illegal betting appears organized instead of being a one-off event.In Louisiana, the official legislative digest summed up HB 53 in plain language: current regulations will remain unchanged, but additional gambling-related offenses will be added to the state’s racketeering statute. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
VCREDIT Releases 2025 Full-Year Results
HONG KONG, Apr 1, 2026 - (ACN Newswire via SeaPRwire.com) - March 31 2026, VCREDIT Holdings Limited ("VCREDIT" or the "Group"; Stock Code: 2003.HK), a leading technology-driven consumer financial service provider in China, today announced its audited consolidated results for the year ended December 31, 2025 (the "Year").During the Year, as the external environment remained complex and challenging, the Group dynamically optimized its strategies and strengthened risk management to enhance operational efficiency. It also consolidated its business framework, committed to building a secure and compliant digital financial ecosystem. The Group adopted a prudent strategic approach, advancing steadily while dynamically assessing new market opportunities.During the Year, the Group's loan origination volume in the Chinese mainland reached RMB58.45 billion. Cumulative registered users increased to 171 million, representing an increase of 8.2% from the end of 2024. The Group's total income remained relatively stable at RMB3,870.9 million.Prudently Optimizing Business Structure and Consolidating High-Quality Customer BaseFacing changes in the macroeconomic environment, the Group strengthened risk control and cost optimization, advancing its business prudently and gradually shifting its focus toward relatively higher-quality customer segments and more sustainable business models. By deepening ecosystem partnerships with multiple industry platforms, the Group refined its end-to-end intelligent customer acquisition and operation systems, and continued to optimize its funding partnership structure to enhance business resilience.Building upon its continuously enhanced technological capabilities, the Group focused on maintaining its base of high-quality users, intensifying collaborations with premium platforms across various sectors, including a leading comprehensive retail e-commerce provider, online travel service platforms, smart devices companies, and a map service provider. By establishing an intelligent outreach system integrating "smart SMS and AI-powered outbound calls," the Group created a full-cycle customer acquisition closed loop, encompassing precise screening, layered outreach, and efficient conversion.In operating its existing customer base, the Group implemented a two-dimensional strategy combining willingness models with risk models to execute refined and differentiated operations and services for various customer segments. Adhering to a "customer-centric" service philosophy, the Group fully integrated consumer rights protection into the entire product and service lifecycle. During the Year, repeat borrowers accounted for 80.7% of the total loan origination volume for its business in the Chinese mainland, demonstrating sustained user loyalty.Upgrading Technology-Driven Capabilities with AI Empowering Multiple Business ScenariosTechnology serves as a core strategic driver for the Group's sustainable business development. In 2025, centered on artificial intelligence (AI), the Group continued to advance the evolution from tool-based usage to systematic intelligence. Through the integration of causal inference algorithms into its "Hummingbird" intelligent risk control platform, the Group focused on enhancing risk identification capabilities and model stability within complex customer segments and volatile market environments. The application of the AI-powered marketing robot effectively contributed to improvements in customer acquisition conversion and customer value.Simultaneously, intelligent agent technologies, such as the "Digital Operations Engineer," have extended automation capabilities across the entire R&D and operational lifecycle. Currently, approximately 30% of code generation and standardized operational procedures are automated, solidifying the efficiency foundation. To address long-term technology trends, the Group has initiated specialized research on financial vertical large language models in collaboration with scientific research institutions and continues to explore technological integration with traditional finance and the Web3.0 ecosystem. The Group's research and development expenses for the Year increased by 43.9% year-on-year, reflecting the Company's continued investment in technological capabilities.Steadily Advancing International Exploration and Expanding New Business HorizonsWhile deepening its core consumer finance business in the Chinese mainland, the Group continued to advance its strategic expansion into new markets. Its Hong Kong business, "CreFIT," consistently deepened collaborations with high-quality platforms to broaden its customer base and launched a loan service featuring instant approval via WhatsApp, seeking to embed financial services into users' daily scenarios. Meanwhile, the Group formally entered the Indonesian market by launching its licensed Information Technology-Based Joint Funding Services (LPBBTI), marking an important milestone. Leveraging its proven operational experience, the Group looks forward to creating sustainable value for shareholders of the Group.Outlook: Focusing on Quality and SustainabilityLooking ahead, VCREDIT noted that the macroeconomic landscape and industry regulatory framework are evolving dynamically. The Group will continue to leverage its established capabilities in risk management and technology, while rationally embracing industry trends and innovations. Future strategies will focus on: refining and adapting credit solutions to serve high-quality customers; improving operational efficiency and risk management capabilities by continuously advancing AI technologies in core business scenarios; reinforcing long-term partnerships with licensed financial institutions and premium cross-industry scenario partners; and cautiously evaluating potential investment opportunities, pursuing appropriate arrangements as they align with long-term goals to support steady and high-quality business development. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
Legend Holdings 2025 Annual Results: Both Revenue and Net Profit Rise
HONG KONG, Mar 31, 2026 - (ACN Newswire via SeaPRwire.com) - March 31, 2026, Legend Holdings Corporation (“Legend Holdings” or the “Company”; Stock Code: 3396.HK) announced the audited annual results for the year ended December 31, 2025 (the “Reporting Period”). The Company recorded revenue of RMB605,945 million, representing an 18% year-on-year increase; the net profit was RMB9,799 million, representing a 28% year-on-year increase; the net profit attributable to equity holders of the Company was RMB1,061 million, representing a significant year-on-year increase. The profit growth was primarily attributable to the recovery of the capital market, which led to a year-on-year reduction in losses from the industrial incubations and investments segment. In addition, the Board has recommended a final cash dividend of RMB0.10 per ordinary share (before tax).In 2025, the Chinese economy continued to demonstrate strong resilience. As the conclusion year of the 14th Five-Year Plan, there was a prominent focus on high-quality and innovative development. Adhering to its original aspiration of serving the country through industry, Legend Holdings closely aligned with national strategic directions, ventured into the deep waters of scientific and technological innovation, focused on the real economy, and worked with all sectors of society to foster and develop new quality productive forces.Build a Distinctive Sci-Tech Innovation System to Drive High-Quality DevelopmentLegend Holdings has actively responded to the national innovation-driven development strategy and continued to increase investment in R&D. In 2025, R&D expenses exceeded RMB17 billion, representing a year-on-year increase of 10% and reaching a new historic high. During the 14th Five-Year Plan period, the total R&D expenses exceeded RMB75 billion, marking an increase of over 60% compared to the 13th Five-Year Plan period. This firm commitment to R&D has yielded remarkable returns. The launch of the world’s first AI PC has led industry transformation, and the Company currently captures a global PC market share of over 25%, firmly ranking first in the industry. Its AI servers and Neptune liquid cooling systems have gained high recognition in the global market, placing the Company among the world’s top three server providers. The SSG services claimed the top rankings in China’s IT services sector, and a series of generative AI solutions have been launched, leading the industry’s transition from IT services to AI-driven services.During the same period, Legend Holdings has actively participated in the construction of China’s technology ecosystem and scaled up its investment in frontier domestic technologies. Focusing on national emerging pillar industries and future industries, the Company has maintained an investment pace of over 100 new and follow-on investments each year in Chinese tech enterprises across cutting-edge sectors including artificial intelligence (AI), embodied intelligence, commercial aerospace, the low-altitude economy, new energy and advanced materials, controllable nuclear fusion, semiconductors, quantum computing, and biopharmaceuticals. In AI alone, the Legend Holdings family group has invested in over 300 enterprises, making it the institution with the longest investment history and the broadest reach in China’s AI field. In 2025, the Company invested in nearly 150 Chinese tech enterprises and facilitated the listing of 15 portfolio companies on capital markets, ranking among the top performers in the market.In response to the national call for “deep integration of technological and industrial innovation”, Legend Holdings has actively fulfilled its role as a main entity in corporate technological innovation. The Company’s Forward-Looking Technology Research Institute has intensified exploration into the industrialization of early-stage cutting-edge technological achievements. It has established connections with over 60 enterprises and research institutions, launched in-depth cooperation with two universities and seven domestic and international enterprises, and selected 39 seed technologies. Earlier this year, the “Peking University-Legend Holdings Advanced Photonic Integration Technology Joint Laboratory” established in collaboration with the State Key Laboratory of Photonics and Communications at Peking University, stands as a representative example of such efforts.In addition, the Legend Holdings family group achieved multiple results in cutting-edge and core technology localization. Lenovo Research Institute, under Lenovo Group, has been driving innovation in the AI domain, launching world-leading L3 AI super agents, such as Lenovo Tianxi and Lenovo Qira, and developing the X-Engine on-device inference engine to significantly enhancing the AI PC experience. Levima Research Institute, under Levima Advanced Materials, has focused on advanced materials, filling domestic gaps in areas such as solid-state and semi-solid-state battery materials and PEEK materials. Two research projects jointly developed with the Chinese Academy of Sciences have both been designated national Key R&D Programs by the Ministry of Science and Technology.Focusing on the Real Economy and Strengthening the Industrial FoundationDuring the 14th Five-Year Plan period, Legend Holdings has been deeply rooted in the real economy. With advanced manufacturing as its backbone, the Company has made new investments totaling over RMB20 billion, with the estimated output value exceeding RMB100 billion. Within this framework, Lenovo has built its “global mother factory” of intelligent manufacturing, the Shenzhen southern base, which has earned the highest certification under China’s Intelligent Manufacturing Capability Maturity Model. Lenovo Tianjin Industrial Park has also earned “Eco-level Carbon Neutral Factory” certification, a top-tier designation globally. By establishing four major manufacturing bases across China, Lenovo has ensured the stability and security of China’s IT-related industrial and supply chains, while driving local economic progress. Levima Advanced Materials established its New Energy Materials and Biodegradable Materials Integration Project in Levima Green (Shandong) Advanced Materials Co., with an annual capacity of 200,000 tons of EVA and 300,000 tons of PO. In Jiangsu, Levima Advanced Materials established a 100,000-ton-per-year POE (polyolefin elastomer) project. Furthermore, it has established multiple projects across several locations, including the biodegradable PLA and ultra-high-molecular-weight polyethylene (UHMWPE), filling critical gaps in China’s relevant industrials.Deepening ESG Practices and Cultivating Diverse ValuesLegend Holdings remains steadfast in its commitment to green development, pursuing the harmonious integration and mutual enhancement of economic, social, and environmental values. Lenovo has maintained the highest AAA rating in the MSCI ESG Ratings for four consecutive years. It has pledged net-zero greenhouse gas emissions across its entire value chain by the end of 2050, and made itself the first high-tech manufacturing enterprise in China to receive the Science Based Targets initiative’s (SBTi) net-zero validation. Levima Advanced Materials has built a portfolio of green products centered on green industries. it has reinforced its leadership in the photovoltaic adhesive film materials industry while expanding into fields such as biodegradable materials and new energy battery materials and was designated a National Green Factory. Furthermore, Legend Holdings actively fulfills its corporate social responsibility in areas such as technological innovation and rural revitalization. Notably, the Legend Star CEO Training Program provides free entrepreneurship training to domestic technology founders. Since its inception, Legend Holdings has invested tens of millions of RMB annually. As of the end of 2025, the cumulative investment reached RMB160 million, with a total of 1,429 innovative and entrepreneurial talents cultivated. To date, 71 enterprises founded by these "Star Alumni" have successfully gone public, and 216 have been recognized as National-level Specialized, Refined, Distinctive and Innovative "Little Giant" Enterprises, driving the creation of nearly 460,000 jobs in society.Consolidating Strategic Focus and Anchoring the Future through Intelligent TransformationGuided by the agenda of high-quality development, Legend Holdings has strengthened independent innovation, steadily advanced the optimization of its asset portfolio, and enhanced capital recycling. Over the past five years, the Company has recovered a total of over RMB45 billion in capital, providing robust support for its large-scale investments in technological innovation and the real economy.Looking ahead to the 15th Five-Year Plan period, Legend Holdings will more proactively integrate into the tide of high-quality development, strengthen the guidance of technological innovation, focus on the real economy, solidly promote the development of new productive forces with the strategic focus of long-termism, and resolutely implement the transformation of major scientific and technological achievements, supporting high-level technological self-reliance and self-improvement. The Company will continue to increase R&D investment in national emerging pillar industries such as AI and new materials; maintain systematic support for China's sci-tech innovation ecosystem and innovative and entrepreneurial enterprises; accelerate the adjustment of its asset portfolio to build an industrial layout that aligns with the characteristics of the times; drive collaborative innovation across diverse businesses to create a differentiated innovation ecosystem; and establish a replicable business model with Legend characteristics in the commercialization of global cutting-edge technologies, continuously delivering results. In addition, Legend Holdings will further consolidate its industrial foundation, strengthen core competitiveness, actively fulfill social responsibilities, and contribute to the building of a Beautiful China.Mr. Ning Min, Chairman and Executive Director of Legend Holdings, stated: “Over the past year, Legend Holdings has delivered a resilient and quality-improved performance, guided by a clear technological innovation strategy and supported by the vast market space brought about by the country's promotion of new productive forces and the construction of a modern industrial system. We will firmly seize the strategic opportunities of the 15th Five-Year Plan period, and through more determined steps in innovation, a more open industrial ecosystem, and more pragmatic social contributions to align the development of the enterprise with national development, creating greater value for shareholders and society and being a steadfast practitioner of the Chinese path to modernization.” Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com