Latest news with #JamesLi
Yahoo
5 days ago
- Business
- Yahoo
XRP Gets Its Own Treasury Company: Look Who's Building A $20 Million XRP Reserve
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nature's Miracle Holding Inc. (OTCQB:NMHI), a publicly listed vertical farming technology firm, on Wednesday announced plans to allocate up to $20 million towards a new corporate treasury strategy centered around Ripple's (CRYPTO: XRP). The company stated that it will use proceeds from a recently approved equity financing arrangement to fund the purchase of XRP tokens, with aims to treat the cryptocurrency as a long-term strategic reserve. The decision makes Nature's Miracle one of the first publicly traded non-financial companies to adopt XRP, currently the third-largest cryptocurrency by market capitalization, as a treasury asset. Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — You Can Become an Investor for Just $500.25 The company also plans to engage with staking opportunities and broader participation in the Ripple ecosystem. According to the release, the funding will initially come from capital raised under a registration statement on Form S-1 declared effective by the U.S. Securities and Exchange Commission. Further XRP purchases may be financed through a mix of equity issuances, structured financing, and strategic placements. CEO James Li attributed the move to increased regulatory clarity following the recent passage of the GENIUS Act, signed into law by President Donald Trump on July 18, which has encouraged broader corporate participation in the digital asset space. 'We see the huge potential of XRP as it improves the speed and reduces the cost of cross-border payments,' Li said. Nature's Miracle joins a growing list of companies engaged with XRP. Financial institutions such as Banco Santander (NYSE:SAN) and American Express (NYSE:AXP) have already incorporated Ripple's payment technologies into their operations. In 2023, Japan's SBI Holdings announced the use of XRP in its internal treasury operations, while other blockchain-native firms have used XRP for cross-border liquidity and remittance flows. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article XRP Gets Its Own Treasury Company: Look Who's Building A $20 Million XRP Reserve originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
26-06-2025
- Business
- Business Wire
Allied Gaming & Entertainment Announces CEO Transition to Accelerate Strategic Growth and Innovation
NEW YORK--(BUSINESS WIRE)--Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) ('AGAE', 'Allied' or the 'Company'), a global experiential entertainment company, today announced a CEO transition to further strengthen the Company's execution of its unique content and technology-driven growth strategy. Ms. Yinghua Chen, the current Chief Executive Officer of AGAE, will transition to serve the Company in a senior strategic capacity. Ms. Chen will remain as the Chief Executive Officer of the Company's wholly owned subsidiary, Allied Esports International. This will enable her to fully focus on advancing Allied's unique content strategy, including the development and integration of global animation IPs and gaming assets. The Company's Board of Directors has unanimously appointed its current President and Chairman of the Board, Mr. Yangyang (James) Li, as Chief Executive Officer of AGAE. Mr. James Li will continue to serve as President, as well as Chairman of the Board, and no changes will be made to his current compensation package. The transition is effective immediately. As the new CEO, Mr. James Li will lead the Company in further solidifying its core strengths in gaming and immersive entertainment, while actively pursuing the tokenization of real-world assets (RWA), and exploring a deeper integration of cryptocurrency and blockchain technologies within entertainment and gaming. He will also continue to pursue strategic acquisitions to build out a comprehensive industry ecosystem. This leadership transition underscores the Company's continued commitment to innovation, its deep roots in the United States, global expansion, and long-term value creation—further advancing Allied's mission to deliver greater returns for all stakeholders. 'The Board would like to sincerely thank Ms. Yinghua Chen for her outstanding leadership during a pivotal period of growth and transformation at Allied,' said Guanzhou (Jerry) Qin, an independent director of the Company. 'Under her guidance, the Company began stabilizing and growing its business over the past three years and initiating a number of transformative projects. Even amidst a series of baseless attacks and costly litigation brought by dissident shareholders, she remained resolute. Her vision has laid a solid foundation for the Company's future, and the Board looks forward to continuing our collaboration to maintain this momentum with Mr. James Li's leadership as the Chief Executive Officer.' 'I am thrilled and excited to take on this new leadership role at AGAE,' said Mr. James Li. 'At this critical juncture, as we embark on a new phase of strategic advancement, the Company is under attack by Roy Choi, an individual with a documented history of regulatory penalties and prior misconduct, including past criminal charges. Records indicate that this individual, in coordination with former executives, their relatives, and business partners, is attempting to gain control of the Company without paying a control premium to all our shareholders. This group has known ties to gambling services and financing operations for professional gamblers. Mr. Choi's relentless attack will only lead to a lose-lose outcome for the Company. We have made multiple attempts to communicate and seek a resolution but were unsuccessful. At this point, we have no choice but to confront it head-on. 'In this crucial moment, I am fully committed to lead the Company forward to the next phase of growth and expansion. Over the next three years, it is the mission of this next generation of management to overcome these crises, achieve our strategic goals, and create maximum value for all shareholders, not just a select few. In the coming months, we will release a comprehensive strategic plan, roadmap, and series of governance reforms to safeguard shareholder rights, enhance asset value, and drive business growth—positioning the Company to take part in the sweeping changes of our time. 'Lastly, I want to extend my heartfelt appreciation to our high-caliber Board of Directors. Your persistence, trust, and unwavering dedication over the past two years have carried us to this point. The future of Allied is full of promise, and I look forward to working alongside all our shareholders to make history together.' Advisors Paul Hastings LLP is serving as legal counsel, MacKenzie Partners, Inc. is serving as proxy solicitor and ADDO IR is serving as strategic communications advisor to AGAE. About Allied Gaming & Entertainment Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit Forward Looking Statements This communication contains certain forward-looking statements under federal securities laws, including statements regarding the future growth and prospect of AGAE and leadership transition In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'intend' or 'continue,' the negative of such terms, or other comparable terminology. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in these forward-looking statements. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. IMPORTANT ADDITIONAL INFORMATION REGARDING the 2024/2025 Annual Meeting of Stockholders and Where to Find It The Company has filed a proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the 'SEC') in connection with its solicitation of proxies for its 2024/2025 Annual Meeting. THE COMPANY'S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company with the SEC without charge from the SEC's website at Certain Information Regarding Participants The Company, the President and Chairman, Yangyang Li and each of its non-employee Directors (namely, Mao Sun, Jingsheng (Jason) Lu, Guanzhou (Jerry) Qin, Yushi Guo, Yuanfei (Cliff) Qu and Chi Zhao) are deemed to be 'participants' (as defined in Section 14(a) of the Exchange Act) in the solicitation of proxies from the Company's stockholders in connection with the matters to be considered at the Annual Meeting. Information about the compensation of our President and Chairman, Yangyang Li and each of its non-employee Directors is set forth in the section titled 'Executive and Director Compensation' in the Company's preliminary proxy statement on Schedule 14A filed on June 24, 2025 (the 'Preliminary Proxy'), at pages 34 to 37, and is available here. Information regarding the participants' holdings of the Company's securities can be found in the section titled 'Ownership of Certain Beneficial Owners, Management and Directors' in the Company's Preliminary Proxy on pages 42 to 43 and is available here. When filed, supplemental information regarding the participants' holdings of the Company's securities can be found in SEC filings on Statements of Change in Ownership on Form 4 available on the Company's website at or through the SEC's website via the links referenced above. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Company's proxy statement on Schedule 14A and other materials to be filed with the SEC in connection with the 2024/2025 Annual Meeting of Stockholders.
Bloomberg
30-05-2025
- Business
- Bloomberg
UBS Loses Two More Senior Bankers in Asia Amid Ongoing Revamp
Two Hong Kong-based senior bankers have resigned from UBS Group AG, according to a company spokesperson, amid the bank's ongoing revamp of its financing business following the takeover of Credit Suisse. Kelly Jin, head of leveraged capital markets and structured solutions group for Asia, and James Li, executive director at the bank's global lending unit, left this week, the spokesperson confirmed when asked.
Yahoo
29-05-2025
- Entertainment
- Yahoo
Gloucestershire Young Musician of the Year 2024 to perform in Stroud
GLOUCESTERSHIRE'S Young Musician of the Year 2024 is performing in a Woodchester church. Violinist James Li will play Mozart's Violin Concerto No 1 alongside the Capriol Chamber Orchestra at the concert on Saturday, June 7. The concert will feature additional Schubert and Mendelssohn pieces, with Jonathan Trim as the conductor, and orchestra leader Natasha Bowen-Jones. The event will take place at St Mary's Church, North Woodchester, at 7.30pm. Tickets are £14 with reduced fees for pre-purchased tickets and eligible concessions. They are available from the Sub Rooms and the Capriol Orchestra website.
Korea Herald
23-05-2025
- Business
- Korea Herald
HONOR Launches the HONOR 400 Series with the Leading AI Camera
Elevating comprehensive photography experience on smartphones with the 200MP Ultra-clear AI Camera and AI Features LONDON, May 22, 2025 /PRNewswire/ -- Global technology brand HONOR today announced the launch of the new HONOR 400 series in European markets, delivering unparalleled AI photography experience and outstanding durability. Equipped with an extraordinary 200MP Ultra-clear AI Camera, versatile AI Editing, a robust 5300mAh Silicon-carbon Battery and a cutting-edge 5000nit Ultra Bright Display, the HONOR 400 series empower the always-on generation to spark their daily wonder. "The HONOR 400 series was created to make AI imaging capabilities more accessible to everyone and spark their daily wonder." said James Li, CEO of HONOR. "Not only can users now access flagship-level AI features at a more affordable price, but they also enjoy brand-new AI imaging experiences - from ultra-clear AI photography to advanced AI-powered editing tools, delivering diverse and entertaining creative possibilities." Powerful and Versatile AI Camara To provide users with exceptional photography experience, the HONOR 400 equipped with a groundbreaking 200MP Ultra-clear AI Camera System. Featuring the 200MP Ultra-clear AI Main Camera [1], equipped with a 1/1.4-inch large sensor, f/1.9 aperture, and OIS + EIS dual stabilization, the device ensures exceptional clarity, even in low-light conditions. Complementing this, the 12MP 112° Ultra-Wide and Macro Camera [2] captures expansive scenes, while the 50MP [3] Portrait Selfie Camera with an f/2.0 aperture, powered by HONOR's advanced portrait algorithm, ensures professional-grade selfies with stunning detail and lifelike colors. The photography experience of the HONOR 400 series is powered by the advanced AI HONOR IMAGE ENGINE, introducing cutting-edge AI innovations that elevate mobile photography. HONOR 400 is the industry-first smartphone to achieve 30x telephoto shooting capability with main camera, introducing AI Super Zoom, designed for framing breathtaking sceneries like natural landscapes or urban city landscapes with a remarkable focal length range of 15x to 30x. The AI Portrait Snap, enhanced by the Capture Enhancement Large Model, guarantees every portrait remains crisp and detailed, even when capturing motion in the portrait mode under daily daytime street scene. With the pursuit of differentiated aesthetic appeal in imaging, HONOR 400 series introduce the AI-driven Film Simulation Mode [4], which intelligently analyzes lighting and subject details to create stunning cinematic effects tailored to the scene's mood. The Harcourt Portrait Modes offers users creative options for capturing striking portraits with refined lighting. The HONOR 400 series empower users to preserve life's most memorable moments with unmatched brilliance. The HONOR 400 series also introduces the unmatched AI Editing to enhance the creativity in the daily life. Using Google's state of the art video generation model, Veo 2 on Google Cloud's Vertex AI, users can explore different possibilities through image to video [5] generations, which will debut on HONOR 400 series. The HD Moving Photo feature preserves the golden three seconds of vibrant live moments, allowing users to effortlessly share or edit cinematic snippets on social platforms [6]. HONOR takes this further with Moving Photo Collage, a first-of-its-kind feature that allows users to combine 2-9 moving photos and lets users seamlessly stitch live photos into dynamic storytelling moments. Additionally, supporting cross-ecosystem sharing of live photos ensures a smooth and integrated user experience [7]. In addition, HONOR 400 series also offer a host of intelligent features to empower users to improve engagement of photo including HONOR AI Eraser, AI Outpainting, AI Erase passers-by and AI Remove Reflection [8]. AI Editing enables users to reimagine the photo in daily life. Powerful Battery and Enhanced Hardware Performance The HONOR 400 series is equipped with a robust 5300mAh [9] Silicon-carbon Battery, providing a longer-lasting user experience especially when you are on the go. The battery is designed for a low temperature environment around -20°C with low battery level, maintaining its durability and task performance such as making phone calls and video recording in any circumstances. It is built for longevity, maintaining over 80% of its health even after 4 years [10]. Paired with an 66W HONOR Wired SuperCharge [11], the device can charge up to 44% in just 15 minutes [12]. This makes it an ideal companion for outdoor adventures and challenging environments. Powered by the Snapdragon 7 Gen 3 Mobile Platform [13] and CPU Turbo X Game Engine, the HONOR 400 gives users a new level of gaming experience and higher graphical performance. The HONOR 400 also comes with up to 512GB of ultra-large storage, ensuring exceptional durability. The HONOR 400 also boasts an IP65 water and dust resistance that offers comprehensive protection against water and dust ingress. Advanced Display Technology for Optimal Viewing Experience The HONOR 400 series features a state-of-the-art 5000nit [14] Ultra Bright Display that guarantees excellent visibility in all lighting conditions. With Full-scene Sunlight Display Enhancement Technology and Dynamic Dimming Display, users can enjoy vibrant colors and sharp contrasts even under direct sunlight. The Motion Sickness Relief [15] feature provides the most comprehensive solution in the industry, offering significant relief from nausea and discomfort during vehicle motion, reducing dizziness and ensuring a smoother, more enjoyable ride for users. These innovations provide users with an immersive visual experience. Empowering Smart Lifestyle with AI-powered MagicOS 9.0 The HONOR 400 series powered by MagicOS 9.0, delivers a highly intelligent user experience enhanced by a variety of AI-driven smart features. MagicOS 9.0 also includes premium functionalities, AI Translation, AI Recorder, Magic Portal, AI Minutes, AI Summary, AI Format, Magic Capsule, AI Writing Tools and AI Subtitles. These advanced capabilities ensure seamless multitasking, enhanced productivity, and personalized interactions, making the HONOR 400 series a standout choice for users. With its innovative features and user-centric design, the HONOR 400 series redefines what a smart device can achieve in the modern era. To safeguard users against potential deepfake scams and ensure online security, the HONOR 400 series integrate the groundbreaking on-device AI Deepfake Detection technology. This feature employs advanced algorithms to identify manipulated content through analyzing pixel-level synthetic imperfections, border compositing artifacts, inter-frame continuity, and more, protecting users from potential deepfake scams during video calls. The HONOR 400 series also comes with Gemini [16], an AI assistant from Google. Users can chat with Gemini to get help with learning, planning, writing, and more! They can even go Live with Gemini to brainstorm ideas, simplify complex topics, and rehearse for important moments with real-time responses. Just press and hold the power button to get started. Introducing HONOR 400 Pro Addition to the exceptional AI photography experience and outstanding durability of the standard version, the HONOR 400 Pro includes a 50MP Telephoto Camera [17] with a Sony IMX856 sensor, 3x optical zoom, and OIS, ensuring detailed zoom shots. It is equipped the AI Enhanced Portrait feature delivers ultra-high-definition Portraits that ensure the true colors of every subject shine through. With its enhanced AI Super Zoom feature, the HONOR 400 Pro boasts an AIGC-powered telephoto capability of up to 50x, making it perfect for capturing distant subjects. Durability is another highlight, with the Pro version featuring an IP68 and IP69 Rated Water and Dust Resistance, ensuring better device protection. Charging capabilities are also superior, supporting 100W wired and 50W wireless charging. Powered by the advanced Snapdragon 8 Gen 3 Mobile Platform [18], the Pro version delivers smoother and more powerful performance, and it is a great helper in the AI era. HONOR on-device call translation large model enables seamless phone communication, offering instant translation for up to 6 languages [19]. With its outstanding imaging, durability, and charging efficiency, the HONOR 400 Pro is an excellent choice for users seeking a superior performance experience. Pricing and Availability Showcasing an elegant design inspired by nature, the HONOR 400 is available in Midnight Black, Meteor Silver, Desert Gold, while the HONOR 400 Pro is available in 2 colorways [20]: Midnight Black, Lunar Grey. The HONOR 400 series will be available for purchase starting from 22 nd May in UK through from £399.99, and it will also be available in France, Italy, Germany, Spain and more EU countries starting at €449.9 from 22 nd May. For more information, please visit HONOR online store at About HONOR HONOR is a global leading AI device ecosystem company. It is committed to revolutionizing human-to-device interactions to bridge the AI ecosystem with all consumers in the agentic AI era and beyond. The company endeavors to open industrial boundaries through open, seamless collaboration to co-create a value-sharing ecosystem with industry partners. With an innovative product portfolio spanning AI phones, PCs, tablets, wearables and more, HONOR aims to empower every human, enabling everyone to embrace the new intelligent world. [1] 200MP are camera pixel parameters. The actual photo pixels may vary depending on different camera modes. Please refer to the actual situation. Activating 200MP requires entering the HIGH-RES Mode for the experience. [2] 12MP are camera pixel parameters. The actual photo pixels may vary depending on different camera modes. Please refer to the actual situation. [3] 50MP are camera pixel parameters. The actual photo pixels may vary depending on different camera modes. Please refer to the actual situation. [4] The specific implementation effect may vary depending on the usage scenario, please refer to the actual experience. [5] The AI Image to Video feature will be upgraded via OTA. The specific implementation effect may vary depending on the usage scenario, please refer to the actual experience. Global Initial Sale Period (excluding Latin America and Eurasia): Duration: May 15 – August 31, 2025. Users can claim 2 months of free access via the photo gallery. Extension eligibility will be assessed based on actual usage frequency. Offer Details: After claiming the free access, users can enjoy up to 10 free uses per day within the 2-month period. Note: Offer availability and details vary by region. Please refer to the actual user experience. Avoid using photos of celebrities, political figures, national flags and other sensitive information to prevent risk control. [6] Moving photo is available by default. Sharing to social media platforms will be supported via future OTA upgrade. [7] Transfer between HONOR devices and iPhone/iPad requires the "HONOR Share" app, with software compatibility for MagicOS 9.0 or later and IOS/iPadOS version 15.0 or later. Product images are provided for reference only, please refer to the actual experience. [8] Some AI edits functions will be upgraded via OTA. The specific implementation effect may vary depending on the usage scenario, please refer to the actual experience. [9] The typical battery capacity is 5300mAh, and the rated battery capacity is 5170mAh. It varies by region. Please refer to the actual user experience. [10] Data comes from HONOR labs. Please refer to actual situations. [11] EU - Only HONOR 400 supports 66W wired HONOR SuperCharge. 66W wired HONOR SuperCharge means the maximum output power of the charger is 66W. It needs to be used with the original wired SuperCharger and charging cable. The actual charging speed will intelligently change with different scenarios. Please refer to the actual usage. [12] Data comes from HONOR labs. [13] Snapdragon is a trademark of Qualcomm Incorporated, registered in the United States and other countries. [14] The 5,000nits peak brightness data comes from HONOR labs and only takes effect in certain scenarios. [15] The phone is not medical equipment and is not available for treatment. Actual experience may vary depending on factors such as environment and personal conditions. Please refer to the actual experience. [16] Google, Android, Google Cloud and Gemini are trademarks of Google LLC. [17] 50MP are camera pixel parameters. The actual photo pixels may vary depending on different camera modes. Please refer to the actual situation. Activating 50MP requires entering the HIGH-RES Mode for the experience. [18] Snapdragon is a trademark of Qualcomm Incorporated, registered in the United States and other countries. [19] This feature currently supports 6 languages including English, French, Italian, German, Spanish, and Chinese (Mandarin) .
