NEW YORK, May 27, 2025 /PRNewswire/ — Forbes China has released its “2025 Forbes China AI Tech Enterprises Top 50” list, recognizing Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global AI cloud platform service provider, as one of the country’s top AI technology companies. Tuya is notably the only AI cloud platform included in this year’s ranking in recognition of its robust technological capabilities and significant contributions to advancing AI accessibility and commercialization.

The list highlights outstanding Chinese enterprises driving AI innovation, showcasing the industry’s development and growing influence. According to Forbes China, companies that combine breakthroughs in advanced technologies with deep industry expertise are poised to shape the next technological era.

This year’s selection includes one primary list—Top 50 AI Tech Enterprises—alongside four subcategories. The main list focuses on identifying the most influential and representative players in China’s AI sector. A panel of distinguished global and domestic AI scholars and experts evaluated nominees across several criteria, including technological innovation, market performance, and industry impact.

Eva Na, Vice President of Marketing and Strategic Cooperation and CMO of Tuya Smart, said: “Being named to the ‘2025 Forbes China AI Tech Enterprises Top 50’ is a strong endorsement of Tuya’s long-term commitment to AI innovation and ecosystem development. We will continue to leverage our technological strengths and open ecosystem, working with global partners to lower barriers to AI adoption, promote equitable AI access, and deliver more user-friendly smart products that bring tangible value to businesses, households, and individuals worldwide.”

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SOURCE Tuya Smart

Dubai, UAE, May 28, 2025 /PRNewswire/ — Al Ansari Exchange, a subsidiary of Al Ansari Financial Services and the largest remittance and foreign exchange company in the UAE, and UnionPay International UPI announced today the launch of MoneyExpress remittance service in the UAE. This partnership marks a significant milestone, as Al Ansari Exchange becomes the first exchange company in the entire GCC region to integrate directly with UnionPay’s infrastructure, streamlining remittances through a fully digital, real-time interface ensuring speed, transparency, and user convenience.

This agreement was signed during Seamless Middle East 2025, in the presence of Mr. Ali Al Najjar Chief Operating Officer at Al Ansari Exchange and Mr. Luping Zhang, General Manager of Middle East of UnionPay International.

“Digital innovation is at the heart of our strategy, and the launch of MoneyExpress marks a significant step forward in cross-border payment solutions,” said Ali Al Najjar, COO of Al Ansari Exchange. “By directly integrating with UnionPay’s network, we are removing traditional barriers to remittance, delivering a faster, more cost-effective, and customer-centric solution that strengthens our position as a digital leader in financial services.”

“We are pleased to partner with Al Ansari Exchange to introduce MoneyExpress in the UAE,” said Luping Zhang, of UnionPay International. “This service offers customers a secure, real-time, and cost-effective way to send money to China. With upfront exchange rate settlement and direct crediting in RMB, it simplifies the process and eliminates hidden fees, enhancing convenience for senders and recipients alike.”

Unlike traditional remittance channels, MoneyExpress guarantees the exchange rate upfront and credits the recipient’s UnionPay card in Chinese renminbi (RMB) instantly, without intermediary or bank handling fees. This provides customers with greater cost transparency and immediate access to their funds.

With a network of over 270 branches and digital channels across the UAE, Al Ansari Exchange combines deep market expertise with advanced compliance standards to offer seamless financial services. This milestone and strategic partnership between Al Ansari Exchange and UnionPay International paves the way for future collaborations that will expand secure and efficient payment solutions across new corridors.

View original content:https://www.prnewswire.co.uk/news-releases/al-ansari-exchange-and-unionpay-international-launch-real-time-remittance-service-to-china-via-moneyexpress-302466622.html

TL;DR: OSL Wealth Partnership with Ethena, giving institutional clients dollar-pegged stability, auto-compounding on-chain yield, and daily liquidity.

HONG KONG, May 28, 2025 /PRNewswire/ — OSL Wealth, under OSL Group, announces a new yield-generating product that seamlessly channels the performance of Ethena Labs’ Staked USDe (sUSDe) to OSL’s professional and institutional clients.

Clients simply trade through OSL’s OTC desk—using USD or USDT—and receive an instrument that (i) auto-compounds historically low-to-mid-teen net APY into its price, (ii) maintains constant 1:1 redemption into USDe for dollar stability, (iii) offers business-day subscriptions and redemptions with no lock-ups or performance fees, and (iv) is safeguarded around the clock in OSL’s segregated, insured custody.

sUSDe is the reward-bearing version of Ethena’s synthetic stablecoin, USDe. By pairing ETH collateral with short perpetual-futures hedges, the underlying protocol harvests funding-rate income and staking rewards, compounding them into the token’s value while preserving a 1:1 dollar peg. OSL Wealth now wraps that mechanism inside its own regulated offering, so clients can benefit from sUSDe’s yield without managing staking wallets, on-chain hedges, or complex custody flows.

Tony Luk, Head of OSL Wealth stated, “Our clients want dollar stability that earns a real return, delivered through an institution they already trust. By integrating sUSDe under OSL’s compliance, custody, and security framework, we’ve turned a technically demanding DeFi strategy into a turnkey income product.”

“OSL has set the bar for regulated digital asset services in Asia,” noted Steven Shi, Head of Institutional Growth, Ethena Labs. “Their adoption of sUSDe brings our yield-bearing stablecoin to an audience that demands both transparency and institutional-grade safeguards.”

About OSL Hong Kong

As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors.

OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors.

As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept: Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond.

For more information, visit osl.com.

About Ethena Labs 

Ethena is the protocol behind USDe, the third-largest and fastest growing USD-denominated crypto asset in history. Ethena has $6.2 billion in TVL today, alongside integrations with some of the largest centralized exchanges and major DeFi applications. Ethena Labs, a contributor to the protocol, is backed by Fidelity, Franklin Templeton, Dragonfly, Binance Labs, Bybit and OKX among others.

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SOURCE OSL