GUANGZHOU, China, March 17, 2025 /PRNewswire/ — The recent AI model developed by DeepSeek has taken the world by surprise and triggered a rally in Chinese tech stocks. As of March 12^th, Wind data showed that the CSI Artificial Intelligence index recorded an impressive year-to-date gain of 14.7%. The significant reduction in deployment costs for large language models has fueled widespread adoption across finance, government, and healthcare, while Chinese tech giants like Alibaba, Baidu, and Huawei are rapidly integrating DeepSeek into their ecosystems. This momentum signals an imminent explosion in AI applications and end-user devices, reshaping industries and driving innovation.

Growing Interest on ETFs as a Key AI Investment Channel

With the rapid advancement of AI, an increasing number of investors are leveraging ETFs to access AI-driven opportunities. E Fund Management (“E Fund”), the largest mutual fund manager in China, has been at the forefront of this trend, providing comprehensive exposure to the AI sector. Notably, E Fund CSI Artificial Intelligence Thematic ETF (Code: 159819), offering the lowest fee of its kind, recently surpassed RMB 15.6 billion (USD 2.16 billion) milestone, up by 83% since the beginning of this year. The rapid rise in AI-related ETFs demonstrates their role as an efficient vehicle for capitalizing on industry trends.

Asset Management Industry in China Embracing AI

It has been observed that Chinese brokers and fund managers have already started to integrate DeepSeek models into their business. Its advanced reasoning capabilities and efficiency in resource utilization make it an ideal tool for financial institutions seeking to enhance their digital infrastructure. According to E Fund, the company has embedded DeepSeek’s model into its daily operations, changing the way it conducted research, managed risks and interacted with clients. The company has also enhanced its proprietary AI model, EFundGPT, drawing from DeepSeek’s expertise in synthetic data and knowledge distillation.

About E Fund

Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive mutual fund manager in China with over RMB 3.5 trillion (USD 490 billion) under management.* It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. Long-term oriented, it has been focusing on the investment management business since inception and believes in the power of in-depth research and time in investing. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.

Source: E Fund. AuM includes subsidiaries. Data as of Dec 31, 2024. FX rate is sourced from PBoC.

Photo – https://mma.prnewswire.com/media/2642661/image.jpg
Logo – https://mma.prnewswire.com/media/2085383/_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/e-fund-harnessing-ai-trends-in-china-to-drive-innovation-and-enhance-etf-offerings-302402973.html

Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT), a leader in platform services and next-generation technology, today announced its consolidated financial results for the six months ended September 30, 2024, highlighting significant revenue growth and improved profitability.

Key Financial Highlights: 

• Revenue Growth: Reported $12.01 million for the six months period ended September 30, 2024, representing a 24% increase compared to $9.66 million in the six months period ended September 30, 2023.
• Profit After Tax: Posted a net profit of $648,972, with a profit margin of 5.40% due to efficient cost management. It represents a 151% increase compared to a net loss of $1,281,940 in the six months period ended September 30, 2023.
• Cash Flow: Generated positive operating cash flow of $182,070.
• Total assets: Reported a $34.17 million for the six months period ended September 30, 2024, an increase of 8.3% from $31.56 million in the six months period ended September 30, 2023.
• Total Liabilities: Reported a $15.24 million for the six months period ended September 30, 2024, a decrease of 2.2% from $15.58 million in the six months period ended September 30, 2023.

Dharmesh Pandya, Director and CEO of Lytus Technologies said, “This strong financial performance underscores our commitment to innovation and operational efficiency. Our strategic expansion into broadband services, along with disciplined cost management, has positioned us for sustained profitability and long-term growth. With a captive base of 4 million subscribers, we continuously innovate and launch new value-added services to meet the evolving demands of consumers and businesses. Our broadband service rollout in Telangana and Andhra Pradesh is expected to further boost revenue in the coming quarters, with additional investments planned in digital infrastructure and customer acquisition initiatives.”

Shreyas Shah, Director and CFO of Lytus Technologies added, “Our ability to return to profitability while sustaining revenue growth highlights the effectiveness of our financial strategy. Our disciplined approach to cost management and strategic capital allocation ensures sustainable profitability while supporting our expansion initiatives.”

For a detailed breakdown of Lytus Technologies’ financial results, please visit https://ir.lytuscorp.com/.

The post Lytus Technologies announces 24% Revenue Growth for H1 FY2025 appeared first on News, Events, Advertising Options.

DUBAI, UAE, March 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce a major milestone in the evolution of digital finance, with the issuance of over 1.5 million Bybit Cards worldwide. From now to Apr. 6, 2025, Bybit Card users and successful new users may embark on a celebratory journey with rewards all around.

Bybit Card reached its first million users in Jan., 2025. In less than two months, the crypto-native payment solution provider has issued another half a million cards. Bybit and Mastercard hosted an anniversary event at the Bybit headquarters in Dubai on Mar. 7, celebrating the achievement.

The virtual and physical card on the Mastercard network is shaping up to be one of the most popular fully digital consumer options in the integration of cryptocurrencies into everyday spendings, enhancing convenience and accessibility for users.

To commemorate this achievement, the Bybit Card is introducing a series of enhanced rewards and benefits, including increased cashback opportunities and exclusive discounts.

• 2 Years in Review
  Bybit Card holders can learn about their spending preferences through a a customized Bybit Card Wrapped experience, showcasing each user’s top spending categories, frequent purchases, and personal spending habits, reflecting two years of seamless transactions, rewards, and cashback perks with Bybit.
• Spending Passport: Collect Stamps and Unlock Rewards
  Spending $10 in any category leads to opportunities to unlock up to 0.001 BTC in rewards. Users can collect exclusive stamps across various categories such as fashion, transport, dining, and digital goods to increase rewards.
• Boosted Cashback: Earn up to 12% Back
  An additional 2% cashback on all purchases is available for a limited time, allowing for up to 12% cashback on eligible transactions, enhancing the value of spending.
• Exclusive 12% Off in the Bybit Rewards Market
  Rewards can be redeemed in the Bybit Rewards Market for 12% off selected items.

In addition, the first 5,000 new users who qualify for the Bybit Card and spend $50 may unlock a $5 bonus.

As the Bybit Card continues to evolve with the crypto community, the focus remains on fostering an innovative platform that supports the dynamic needs of its users. By combining convenience and a rewarding experience with cutting-edge technology, the Bybit Card empowers users to participate in the digital economy, transforming their crypto holdings into practical purchasing power with a few taps and swipes.

Bybit Card holders and new applicants may find out more about the terms and conditions at: Bybit Card – Second Anniversary

#Bybit / #TheCryptoArk / #TheBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Advertisement

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Photo – https://mma.prnewswire.com/media/2642533/Image.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-marks-2nd-anniversary-with-150k-in-extra-rewards-302402725.html