Tennis Channel, International Tennis Federation Extend Media Rights Agreement
Under the new multi-year agreement, Tennis Channel will remain the exclusive U.S. home for both tournaments across its linear channel, app and TennisChannel.com, continuing a relationship that began in 2009. The deal now runs through 2027 for the Billie Jean King Cup and 2028 for the Davis Cup. The extension also marks a significant expansion of Tennis Channel's international reach, with rights to broadcast in Germany, Austria, Switzerland and the United Kingdom. Additionally, rights for the Billie Jean King Cup have been secured in Spain – a new and important market where interest in women's tennis continues to see strong growth.
The ITF is the global governing body of tennis and organises the Billie Jean King Cup by Gainbridge and Davis Cup, the two largest annual international team competitions in the sport. Both events are played annually, with nations from across the world competing at a variety of stages throughout the year for the chance to progress to the next level.
Both competitions culminate with finals events that feature the year's top eight nations competing in a knock-out competition for the right to be crowned world champions.
The Billie Jean King Cup by Gainbridge Finals will take place in Shenzhen, China, September 16-21, while the Davis Cup Final 8 is set for Bologna, Italy, November 18-23.
David Haggerty, ITF President, said, 'For many years Tennis Channel has helped bring the World Cup of Tennis to millions of people around the world and this extension is great news for both Billie Jean King Cup and Davis Cup. We look forward to continuing to work alongside Tennis Channel to continue this growth for years to come.'
The United States has won the Billie Jean King Cup by Gainbridge 18 times and the Davis Cup 32 times, both records.
'Davis Cup and Billie Jean King Cup are iconic events in our sport and pillars of Tennis Channel's schedule throughout the year,' said Jeff Blackburn, Chairman and CEO, Tennis Channel. 'We've had a long-running partnership with the ITF and can't wait for this next chapter with them. Together we want to shine as much light as we can on the history and passion surrounding the cups, and grow awareness and fans in both the U.S. and other countries.'
The Billie Jean King Cup by Gainbridge remains the world's largest annual international team competition in women's tennis, with nations competing year-round for a place in the Finals. As the women's World Cup of Tennis it brings together top players to represent their countries on a global stage, continuing a tradition of national pride and elite-level competition.
'We're proud to strengthen our partnership with Tennis Channel, particularly in key international markets such as the United States, United Kingdom, Germany, Austria, Switzerland, and now Spain, where women's tennis continues to flourish. As the world's leading platform for women's national team tennis, the Billie Jean King Cup celebrates national pride, incredible talent and unique spirit on a global stage. This collaboration reflects our long-term commitment to showcasing the power of women's tennis and expanding its reach to even more fans around the world,' said Kerstin Lutz, CEO of Billie Jean King Cup Limited.
This rights announcement comes on the heels of roster announcements made for the eight countries that have qualified for the Billie Jean King Cup Finals in September. Among the stars who will try to help their nations become world champions are Jessica Pegula (USA), Zheng Qinwen (China), Madison Keys (USA), Jasmine Paolini (Italy), Paula Badosa (Spain), Naomi Osaka (Japan), Elena Rybakina (Kazakhstan), Emma Raducanu (Great Britain) and Elina Svitolina (Ukraine).
About the ITF
The International Tennis Federation (ITF) is the world governing body of tennis. Founded in 1913, its purpose is to ensure the long-term growth and sustainability of the sport, delivering tennis for future generations in association with its 213 member National Associations. The ITF oversees the rules and regulations that govern international and national competition. The ITF is responsible for the worldwide development of tennis through its highly regarded global Development Programme, its Science and Technical department which monitors equipment and technology, and its Officiating department which oversees the education and advancement of officials. The ITF organises up to 1850 men's, women's, and junior tournaments on the ITF World Tennis Tour, and manages the ITF junior team competitions, ITF Beach Tennis World Tour, UNIQLO Wheelchair Tennis Tour and the ITF World Tennis Masters Tour, as well as the men's and women's World Cup of Tennis, Davis Cup and Billie Jean King Cup by Gainbridge respectively, the two largest annual international team competitions in tennis. The ITF manages the Olympic Tennis Event on behalf of the IOC and the Paralympic Wheelchair Tennis Event on behalf of the IPC and the Qualification Pathways for both events at the Games. For further information please visit www.itftennis.com.
About Billie Jean King Cup Limited
Billie Jean King Cup Limited is a partnership between the International Tennis Federation and TWG Global created to deliver transformative investment and innovation to the Billie Jean King Cup by Gainbridge, the women's World Cup of Tennis. Bringing together expertise and experience from the tennis, business, and entertainment industries, our core mission is to grow and leverage the world's most popular annual team competition for women as a platform for positive change.
Tennis Channel (www.tennischannel.com) and its sibling network TennisChannel 2, which are owned by Sinclair, Inc., are the only television-based multiplatform destinations dedicated to both the professional sport and tennis lifestyle. The networks have the most concentrated single-sport coverage in television in one of the world's most voluminous sports, with multiple men's and women's tournaments and singles, doubles and mixed competition throughout the year. Tennis Channel and TennisChannel 2 are the exclusive U.S. homes of all men's ATP World Tour and women's WTA Tour competitions, Davis Cup, Billie Jean King Cup, United Cup, and Laver Cup. The network's app and website TennisChannel.com house a direct-to-consumer streaming service with the traditional television network and 10,000 hours of live and on-demand matches beside original content. Tennis Channel International brings live competition and network content to markets in Europe and Asia via digital subscription and free ad-supported streaming TV (FAST) channels. Additional platform Tennis.com is the largest digital outlet dedicated to the sport. Tennis Channel is also a co-owner of Pickleballtv, a joint venture with the Professional Pickleball Association.
About Sinclair:
Sinclair, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 178 television stations in 81 markets affiliated with all the major broadcast networks; and owns Tennis Channel and multicast networks Comet, CHARGE!, TBD/Roar and The Nest. Sinclair's content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the nation's largest streaming aggregator of local news content, NewsON. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
23 minutes ago
- Business Wire
CORRECTING and REPLACING Offerpad Reports Second Quarter 2025 Results, Highlights Capital Raise and Momentum Across Asset-Light Services
TEMPE, Ariz.--(BUSINESS WIRE)--In the "Third Quarter 2025 Outlook" table, the figures in the "Homes Sold" and "Revenue" rows have been corrected. Offerpad reported revenue of $160.3M and sold 452 homes during the quarter. The company continued to demonstrate operational discipline and saw strong momentum across its asset-light services, supporting platform scalability and long-term growth. The corrected release reads: OFFERPAD REPORTS SECOND QUARTER 2025 RESULTS, HIGHLIGHTS CAPITAL RAISE AND MOMENTUM ACROSS ASSET-LIGHT SERVICES Offerpad (NYSE: OPAD), a leading real estate tech company built to simplify the home selling and buying experience, today announced its financial results for the second quarter ended June 30, 2025. Offerpad reported revenue of $160.3M and sold 452 homes during the quarter. The company continued to demonstrate operational discipline and saw strong momentum across its asset-light services, supporting platform scalability and long-term growth. 'We're seeing strong validation of our model and the progress we've made,' said Brian Bair, Chairman and CEO of Offerpad. 'We've built a platform that brings together sellers, agents, cash buyers, and institutional partners, creating a true real estate solutions center. This foundation positions us to scale our asset-light services, operate with greater efficiency, and be ready to accelerate as market activity returns.' Q2 2025 Highlights Capital Raise: With $21M raised in July, Offerpad's total liquidity exceeds $75M, strengthening the balance sheet and supporting key growth initiatives. HomePro Expansion: Now live in all markets, Offerpad HomePro enables specialized agents to deliver in-person selling solutions—including Offerpad's cash offer, open market listings, third-party investor marketplace, and an upside program that provides cash now, plus the potential for more after listing. HomePro is already driving strong engagement and conversations directly in the seller's living room. Record Renovate Quarter: Offerpad Renovate delivered $6.4 million in revenue, the highest quarterly revenue since the product's launch, reflecting increased demand from institutional and investor partners. Advancing Direct+: Upgrades to the asset-light Direct+ platform are improving SFR buyer engagement and aligning inventory with partner buy boxes. Financial Summary Revenue: $160.3M Homes Sold: 452 Gross Margin: 8.9% Adjusted EBITDA Loss: ($4.8M), improving 39% sequentially Unrestricted Cash: $22.6M Total Liquidity: Over $55M 'Our July capital raise totaled $21M, is primarily non-dilutive, and gives us the ability to continue investing in scalable, margin-positive areas of the business,' said Peter Knag, CFO of Offerpad. 'While our cash offer remains the cornerstone of our model, we're also advancing complementary services like HomePro, which enhances how we deliver solutions in-person, along with Renovate and Direct+, which help us reach new customer segments and serve institutional buyers. These strategic investments support our asset-light approach and long-term growth.' Looking Ahead Offerpad expects Q3 2025 revenue to be in the range of $130 to $150 Million with 360 to 410 homes sold. The company anticipates continued sequential improvement in Adjusted EBITDA as it scales its asset-light services and maintains cost discipline. For additional information, please refer to Offerpad's shareholder letter and full financial results available at Q2 2025 Financial Results (year over year) Q2 2025 Q2 2024 Percentage Change Homes acquired 443 831 (47%) Homes sold 452 742 (39%) Revenue $160.3M $251.1M (36%) Gross profit $14.2M $21.9M (35%) Net loss ($10.9M) ($13.8M) (21%) Adjusted EBITDA ($4.8M) ($4.4M) (8%) Diluted Net Loss per Share ($0.39) ($0.50) 22% Gross profit per home sold $31,400 $29,500 7% Contribution profit after interest per home sold $12,400 $14,500 (14 %) Cash and cash equivalents $22.7M $56.9M (60%) Expand Additional information regarding Offerpad's second quarter of 2025 financial results and management commentary can be found by accessing the Company's Quarterly Shareholder presentation on the Offerpad investor relations website. Third Quarter 2025 Outlook Offerpad is providing its third quarter outlook for 2025 as follows: Conference Call and Webcast Details Brian Bair, Chairman and CEO, and Peter Knag, CFO, will host a conference call and accompanying webcast on August 5, 2025, at 4:30 p.m. ET. The webcast can be accessed on Offerpad's Investor Relations website. Those interested can register here. Access to a replay of the webcast will be available from the same website address shortly after the live webcast concludes. About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that removes the friction from real estate. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet the unique needs of our clients. Since 2015, we have leveraged local expertise in residential real estate alongside proprietary technology to guide homeowners at every step. Learn more at #OPAD_IR Forward-Looking Statements Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Offerpad's future financial or operating performance. For example, statements regarding Offerpad's financial outlook, including homes sold, revenue and Adjusted EBITDA, for the first quarter of 2025, and expectations regarding market conditions, strategic imperatives and long-term sustainability and growth are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'pro forma,' 'may,' 'should,' 'could,' 'might,' 'plan,' 'possible,' 'project,' 'strive,' 'budget,' 'forecast,' 'expect,' 'intend,' 'will,' 'estimate,' 'anticipate,' 'believe,' 'predict,' 'potential' or 'continue,' or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may impact such forward-looking statements include, but are not limited to, Offerpad's ability to respond to general economic conditions; the health of the U.S. residential real estate industry; Offerpad's ability to grow market share in its existing markets or any new markets it may enter; Offerpad's ability to grow effectively; Offerpad's ability to accurately value and manage real estate inventory, maintain an adequate and desirable supply of real estate inventory, and manage renovations; Offerpad's ability to successfully launch new product and service offerings, and to manage, develop and refine its technology platform; Offerpad's ability to maintain and enhance its products and brand, and to attract customers; Offerpad's ability to achieve and maintain profitability in the future; and the success of strategic relationships with third parties; Offerpad's ability to regain compliance with New York Stock Exchange ('NYSE') Rule 802.01B, or failure to comply with other NYSE continued listing rules. These and other important factors discussed under the caption "Risk Factors" in Offerpad's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 25, 2025, and Offerpad's other reports filed with the Securities and Exchange Commission could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Offerpad and its management, are inherently uncertain. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Offerpad undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. OFFERPAD SOLUTIONS INC. Condensed Consolidated Balance Sheets June 30, December 31, (in thousands, except par value per share) (Unaudited) 2025 2024 ASSETS Current assets: Cash and cash equivalents $ 22,650 $ 43,018 Restricted cash 4,096 30,608 Accounts receivable 7,543 3,848 Real estate inventory 212,737 214,174 Prepaid expenses and other current assets 2,571 2,564 Total current assets 249,597 294,212 Property and equipment, net 9,672 9,127 Other non-current assets 8,717 9,714 TOTAL ASSETS $ 267,986 $ 313,053 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,297 $ 1,922 Accrued and other current liabilities 12,422 11,804 Secured credit facilities and other debt, net 177,322 195,378 Secured credit facilities and other debt - related party 38,577 41,861 Total current liabilities 229,618 250,965 Warrant liabilities 159 231 Other long-term liabilities 13,674 14,204 Total liabilities 243,451 265,400 Commitments and contingencies Stockholders' equity: Class A common stock, $0.0001 par value; 2,000,000 shares authorized; 27,710 and 27,379 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 3 3 Additional paid in capital 510,538 507,696 Accumulated deficit (486,006 ) (460,046 ) Total stockholders' equity 24,535 47,653 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 267,986 $ 313,053 Expand Non-GAAP Financial Measures In addition to Offerpad's results of operations above, Offerpad reports certain financial measures that are not required by, or presented in accordance with, U.S. generally accepted accounting principles ('GAAP'). These measures have limitations as analytical tools when assessing Offerpad's operating performance and should not be considered in isolation or as a substitute for GAAP measures, including gross profit and net income. Offerpad may calculate or present its non-GAAP financial measures differently than other companies who report measures with similar titles and, as a result, the non-GAAP financial measures Offerpad reports may not be comparable with those of companies in Offerpad's industry or in other industries. Offerpad has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted net income (loss) within this press release because Offerpad is unable to calculate certain reconciling items without making unreasonable efforts. These items, which include, but are not limited to, stock-based compensation with respect to future grants and forfeitures, could materially affect the computation of forward-looking net income (loss), are inherently uncertain and depend on various factors, some of which are outside of Offerpad's control. Adjusted Gross Profit, Contribution Profit, and Contribution Profit After Interest (and related margins) To provide investors with additional information regarding Offerpad's margins, Offerpad has included Adjusted Gross Profit, Contribution Profit, and Contribution Profit After Interest (and related margins), which are non-GAAP financial measures. Offerpad believes that Adjusted Gross Profit, Contribution Profit, and Contribution Profit After Interest are useful financial measures for investors as they are used by management in evaluating unit level economics and operating performance across Offerpad's markets. Each of these measures is intended to present the economics related to homes sold during a given period. Offerpad does so by including revenue generated from homes sold (and ancillary services) in the period and only the expenses that are directly attributable to such home sales, even if such expenses were recognized in prior periods, and excluding expenses related to homes that remain in real estate inventory as of the end of the period presented. Contribution Profit provides investors a measure to assess Offerpad's ability to generate returns on homes sold during a reporting period after considering home acquisition costs, renovation and repair costs, and adjusting for holding costs and selling costs. Contribution Profit After Interest further impacts gross profit by including interest costs (including senior and mezzanine secured credit facilities) attributable to homes sold during a reporting period. Offerpad believes these measures facilitate meaningful period over period comparisons and illustrate Offerpad's ability to generate returns on assets sold after considering the costs directly related to the assets sold in a presented period. Adjusted Gross Profit, Contribution Profit and Contribution Profit After Interest (and related margins) are supplemental measures of Offerpad's operating performance and have limitations as analytical tools. For example, these measures include costs that were recorded in prior periods under GAAP and exclude, in connection with homes held in real estate inventory at the end of the period, costs required to be recorded under GAAP in the same period. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of Offerpad's results as reported under GAAP. Offerpad includes a reconciliation of these measures to the most directly comparable GAAP financial measure, which is gross profit. Adjusted Gross Profit / Margin Offerpad calculates Adjusted Gross Profit as gross profit under GAAP adjusted for (1) net real estate inventory valuation adjustment plus (2) interest expense associated with homes sold in the presented period and recorded in cost of revenue. Net real estate inventory valuation adjustment is calculated by adding back the real estate inventory valuation adjustment charges recorded during the period on homes that remain in real estate inventory at period end and subtracting the real estate inventory valuation adjustment charges recorded in prior periods on homes sold in the current period. Offerpad defines Adjusted Gross Margin as Adjusted Gross Profit as a percentage of revenue. Offerpad views this metric as an important measure of business performance, as it captures gross margin performance isolated to homes sold in a given period and provides comparability across reporting periods. Adjusted Gross Profit helps management assess performance across the key phases of processing a home (acquisitions, renovations, and resale) for a specific resale cohort. Contribution Profit / Margin Offerpad calculates Contribution Profit as Adjusted Gross Profit, minus (1) direct selling costs incurred on homes sold during the presented period, minus (2) holding costs incurred in the current period on homes sold during the period recorded in sales, marketing, and operating, minus (3) holding costs incurred in prior periods on homes sold in the current period recorded in sales, marketing, and operating, plus (4) other income, net which is primarily comprised of interest income earned on our cash and cash equivalents and fair value adjustments of derivative financial instruments. The composition of Offerpad's holding costs is described in the footnotes to the reconciliation table below. Offerpad defines Contribution Margin as Contribution Profit as a percentage of revenue. Offerpad views this metric as an important measure of business performance as it captures the unit level performance isolated to homes sold in a given period and provides comparability across reporting periods. Contribution Profit helps management assess inflows and outflow directly associated with a specific resale cohort. Contribution Profit / Margin After Interest Offerpad defines Contribution Profit After Interest as Contribution Profit, minus (1) interest expense associated with homes sold in the presented period and recorded in cost of revenue, minus (2) interest expense associated with homes sold in the presented period, recorded in costs of sales, and previously excluded from Adjusted Gross Profit, and minus (3) interest expense under Offerpad's senior and mezzanine secured credit facilities and other senior secured debt incurred on homes sold during the period. This includes interest expense recorded in prior periods in which the sale occurred. Offerpad's senior and mezzanine secured credit facilities and other senior secured debt are secured by their homes in real estate inventory and drawdowns are made on a per-home basis at the time of purchase and are required to be repaid at the time the homes are sold. Offerpad defines Contribution Margin After Interest as Contribution Profit After Interest as a percentage of revenue. Offerpad views this metric as an important measure of business performance. Contribution Profit After Interest helps management assess Contribution Margin performance, per above, when fully burdened with costs of financing. The following table presents a reconciliation of Offerpad's Adjusted Gross (Loss) Profit, Contribution (Loss) Profit and Contribution (Loss) Profit After Interest to Offerpad's Gross (Loss) Profit, which is the most directly comparable GAAP measure, and Contribution (Loss) Profit Per Home Sold and Contribution (Loss) Profit After Interest Per Home Sold to Offerpad's Gross (Loss) Profit Per Home Sold, which is the most directly comparable GAAP measure, for the periods indicated: (1) Real estate inventory valuation adjustment – current period is the real estate inventory valuation adjustments recorded during the period presented associated with homes that remain in real estate inventory at period end. (2) Real estate inventory valuation adjustment – prior period is the real estate inventory valuation adjustments recorded in prior periods associated with homes that sold in the period presented. (3) Interest expense capitalized represents all interest related costs, including senior and mezzanine secured credit facilities, incurred on homes sold in the period presented that were capitalized and expensed in cost of sales at the time of sale. (4) Direct selling costs represents selling costs incurred related to homes sold in the period presented. This primarily includes broker commissions and title and escrow closing fees. (5) Holding costs primarily include insurance, utilities, homeowners association dues, property taxes, cleaning, and maintenance costs. (6) Represents holding costs incurred on homes sold in the period presented and expensed to Sales, marketing, and operating on the Condensed Consolidated Statements of Operations. (7) Represents holding costs incurred in prior periods on homes sold in the period presented and expensed to Sales, marketing, and operating on the Condensed Consolidated Statements of Operations. (8) Other income, net principally represens interest income earned on our cash and cash equivalents and fair value adjustments of derivative financial instruments. (9) Represents both senior and mezzanine interest expense incurred on homes sold in the period presented and expensed to interest expense on the Condensed Consolidated Statements of Operations. (10) Represents both senior and mezzanine secured credit facilities interest expense incurred in prior periods on homes sold in the period presented and expensed to interest expense on the Condensed Consolidated Statements of Operations. Expand Adjusted Net Income (Loss) and Adjusted EBITDA Offerpad also presents Adjusted Net Income (Loss) and Adjusted EBITDA, which are non-GAAP financial measures, which the management team uses to assess Offerpad's underlying financial performance. Offerpad believes these measures provide insight into period over period performance, adjusted for non-recurring or non-cash items. Offerpad calculates Adjusted Net Income (Loss) as GAAP Net Income (Loss) adjusted for the change in fair value of warrant liabilities. Offerpad defines Adjusted Net Income (Loss) Margin as Adjusted Net Income (Loss) as a percentage of revenue. Offerpad calculates Adjusted EBITDA as Adjusted Net Income (Loss) adjusted for interest expense, amortization of capitalized interest, taxes, depreciation and amortization and stock-based compensation expense. Offerpad defines Adjusted EBITDA Margin as Adjusted EBITDA as a percentage of revenue. Adjusted Net Income (Loss) and Adjusted EBITDA are supplemental to Offerpad's operating performance measures calculated in accordance with GAAP and have important limitations. For example, Adjusted Net Income (Loss) and Adjusted EBITDA exclude the impact of certain costs required to be recorded under GAAP and could differ substantially from similarly titled measures presented by other companies in Offerpad's industry or companies in other industries. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of Offerpad's results as reported under GAAP. The following table presents a reconciliation of Offerpad's Adjusted Net Income (Loss) and Adjusted EBITDA to their GAAP Net Income (Loss), which is the most directly comparable GAAP measure, for the periods indicated: (1) Amortization of capitalized interest represents all interest related costs, including senior and mezzanine secured interest related costs, incurred on homes sold in the period presented that were capitalized and expensed in cost of sales at the time of sale. Expand
Business Wire
33 minutes ago
- Business Wire
Reynold Lemkins Drives Cross-Border Deep Tech Investment, Featured Prominently at Asia's Leading Capital and Innovation Forums
HONG KONG & MACAU--(BUSINESS WIRE)--Reynold Lemkins Group, a global investment firm known for its long-term cross-border capital strategy, made a notable impact this May at two of Asia's premier events: the Greenwich Economic Forum (GEF) Hong Kong and BEYOND Expo 2025 in Macau. At GEF Hong Kong, Reynold Lemkins Asia Chief Investment Officer Kris Haoran Liu was invited to speak on a high-level roundtable titled 'Family Office Investment Outlook', moderated by Tae Yoo, Managing Director of Hong Kong Exchanges and Clearing (HKEX). Liu emphasized IPO as not merely an exit but a strategic entry point into long-term value creation, especially in sectors undergoing structural transformation. He also highlighted Hong Kong's pivotal role as a pricing anchor for global capital. The forum, which brought together global financial leaders including Nouriel Roubini (Chairman & CEO, Roubini Macro Associates), Kenny Lam (CEO, Two Sigma Asia Pacific), and Jan Boomaars (CEO, Optiver), underscored the rising relevance of Asia—especially Hong Kong—in the evolving landscape of alternative investments, economic realignment, and tech-led growth. In Macau, at BEYOND Expo 2025 —Asia's largest tech innovation summit—Reynold Lemkins took part as a Legacy Partner, hosting private sessions with deep tech founders, researchers, and institutional LPs. The firm engaged across verticals including AI, advanced manufacturing, robotics, and frontier healthtech, reinforcing its thesis of value-backed, scalable innovation across borders. 'Reynold Lemkins Group demonstrated clear conviction in identifying globally relevant tech solutions, from regulatory-ready biotech platforms to next-gen energy systems and smart infrastructure,' commented a tech investor familiar with the firm's presence in Macau. Recent investments reflect this diversified thesis. In addition to health-focused companies like Cloudbreak Pharma and VISEN Pharmaceuticals, the firm has also actively supported high-growth industrial and AI ventures such as Contemporary Amperex Technology (CATL), Sanhua Intelligent Controls, and Unisound, exemplifying its multi-sector strategy across late-stage and semi-public market opportunities. To learn more, visit follow Reynold Lemkins on LinkedIn, or explore insights via Medium.
Business Wire
33 minutes ago
- Business Wire
SingleStore Expands Presence to Serve Japan and Accelerate Global Enterprise AI Innovation
TOKYO--(BUSINESS WIRE)--SingleStore, a database delivering the performance, simplicity and flexibility needed to power enterprise AI, today announced its official launch in Japan. The move underscores the rising demand for high-performance, AI-optimized data infrastructure in one of the world's most technologically advanced markets. The expansion further cements SingleStore's leadership in delivering the real-time capabilities and foundational data strategies essential to building the next generation of high-performing enterprise AI applications. With this expansion, SingleStore is bringing its ultra low-latency AI-ready database platform to one of the world's largest and most innovation-driven economies. The move comes as Japan accelerates its national AI strategies and enterprises increasingly seek scalable, real-time data platforms like SingleStore that support global Fortune 500 companies at scale to develop next-generation AI applications. 'Expanding into Japan is both a strategic and symbolic step in SingleStore's mission to power global AI progress,' said Raj Verma, CEO of SingleStore. 'Japan is home to one of the most technologically advanced economies in the world, and we're thrilled to use our real-time, AI-optimized data capabilities to power its next wave of innovation. This new chapter in Japan underscores the worldwide demand for real-time, scalable, and AI-optimized data infrastructure, and we're excited to be part of it.' This expansion comes at a time of immense growth for SingleStore. The company grew from $10 million in ARR to over $100 million in just four years and achieved unicorn status with a valuation of over $1 billion following its most recent funding round in 2022. SingleStore currently has customers across 50+ countries, with its expansion to Japan marking its eighth office globally. Seasoned enterprise technology leader Tadashi 'Troy' Nishioka will drive SingleStore's work in Japan as Managing Director and brings deep experience from his work in Japan's cloud and data markets. Under Nishioka's leadership, the company will grow its local footprint through strategic hires, partnerships with leading cloud and system integrators, and a focus on serving industries including financial services, manufacturing, telecommunications, and healthcare. 'Our goal is simple: empower Japanese businesses to realize their AI ambitions by giving them the performance, scale, and simplicity they need,' said Nishioka. 'We're deeply committed to understanding the unique needs of Japanese enterprises and aligning with the country's culture of precision, quality, and continuous improvement to become a trusted partner for Japanese businesses harnessing the full potential of AI.' SingleStore's expansion into Japan builds on a deep presence across the APAC region, with customers in 12 APAC countries, a regional hub in Singapore and a strong presence in India. The company already serves over 100 customers in the region, including leading enterprises such as Nikkei, Samsung, Tata, DBS Bank, Posco, and 6sense. 'Since partnering in 2017, we've trusted SingleStore for its exceptional performance and innovative approach,' said Hajime Sano, software engineer and engineering manager at Nikkei. 'It's now a core part of our data platform, powering real-time analytics that support approximately 1,500 journalists at the Nikkei Online Edition. With SingleStore, we've reduced data latency from 45 minutes to just 200 milliseconds – transforming how we understand reader behavior and deliver relevant content. The launch of SingleStore's Tokyo office signals a strong commitment to Japan, and we look forward to continuing our partnership.' As enterprises around the globe look to consolidate legacy databases, accelerate AI adoption, and modernize their infrastructure, SingleStore is the database of choice for building that future in real time. Its unified platform uniquely supports hybrid transactional and analytical processing, vector and full-text search, and low-latency streaming ingest, making it ideal for powering modern AI applications. With built-in support for serverless ingest, integrated AI functions, and developer-optimized workflows, SingleStore provides the flexibility and power modern teams need to build intelligent, responsive AI applications. Its native handling of both structured and semi-structured data, compatibility with platforms including Snowflake, Postgres, SQL Server, Oracle and MySQL, and scalability across cloud environments allow organizations to unify their data architecture while dramatically reducing complexity and latency. Additional Resources: SingleStore will engage with local media and analysts in Japan over the coming weeks to share more about its expansion strategy and AI-driven innovations. About SingleStore SingleStore empowers the world's leading organizations to build and scale modern applications using the only data platform that allows you to transact, analyze and search data in real time. With streaming data ingestion, support for both transactions and analytics, horizontal scalability and vector and full text search capabilities, SingleStore helps deliver 10–100x better performance at 1/3 the cost of legacy architectures. Learn more at
