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OSL Group Achieves Historic Milestone with Positive Profit for 2024

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HONG KONG, Jan. 24, 2025 /PRNewswire/ — OSL Group Limited (863.HK), a Hong Kong publicly listed company fully dedicated to digital assets (together with its subsidiaries, “the Group”), has announced a positive profit alert for the year ended December 31, 2024 (the “Year”). This marks a historic milestone for the Group, achieving profitability for the first time since its strategic transition to digital assets in 2018. The significant improvement in its financial performance highlights the successful execution of the Group’s business strategy and the effective leadership of its strengthened management team.

Financial Highlights for 2024

Based on a preliminary review of the Group’s unaudited consolidated management accounts for the Year and other information currently available to the board of directors, the Group expects:

Revenue for the Year is expected to be in the range of approximately HK$337 million to HK$375 million in 2024, an increase of approximately 60% to 79%, as compared to revenue of approximately HK$210 million for the corresponding period in 2023.Profit from continuing operations for the Year is expected to be in the range of approximately HK$47 million to HK$52 million, compared to a loss of approximately HK$250 million for the corresponding period in 2023, marking a turnaround from loss to profit.A total comprehensive income for the Year is expected to be in the range of approximately HK$148 million to HK$165 million, as compared to a total comprehensive loss of approximately HK$266 million for the corresponding period in 2023. 

Key Growth Drivers

The expected growth in revenue and turnaround from loss to profit for the Year are mainly attributable to a number of factors, including:

Market Growth: The surge in digital asset prices and launch of digital asset Exchange Traded Funds (ETFs) in 2024 have significantly increased institutional investor participation, resulting in increased demand for the Group’s digital asset trading and institutional services.Expanded Leadership Team: The continued expansion of the Group’s management team has driven strategic business development and accelerated business plan execution.Operational Efficiency: The implementation of initiatives to enhance and optimise operational efficiency.Appreciation of Digital Assets: The appreciation in value of digital assets held by the Group to facilitate its trading business.

Moreover, the expected turnaround of total comprehensive income is mainly attributed to the expected increase in the fair value of digital assets held by the Group as long-term investments.

Kevin Cui, Executive Director and CEO of OSL Group, said: “This is an important milestone for OSL Group. Achieving profitability positions us strongly to expand into new business lines. We are already working on exciting updates to our regulated digital asset trading platform, expanding into new markets, and launching new initiatives to better serve our clients. This is just the beginning, and we remain committed to working hard and pursuing continued success in the future.”

The Group is still in the process of finalising its annual results for the Year. The Shareholders and potential investors of the Group are advised to read the annual results announcement of the Group for the Year, which is expected to be published in March 2025.

About OSL Group

OSL Group (formerly BC Technology Group) is at the forefront of the digital asset industry, striving for excellence in providing innovative solutions for institutions, professional, and retail investors. As a leading player in the digital asset space, OSL Group is committed to a long-term strategy.

With a rich history and experience in the sector, OSL Group is backed by a track record of regulatory compliance and excellence. OSL offers a comprehensive suite of services, including brokerage, custody, exchange, and SaaS, setting the standard for the digital asset industry.

Proudly the world’s first insured and SFC-licensed digital asset platform, OSL Group places paramount importance on regulatory compliance and security, upholding the highest industry standards. Our platform is designed to cater to institutional client, professional & retail investors, providing a user-friendly interface that seamlessly integrates cutting-edge technology.

At OSL Group, we envision the future of finance in digital assets and are dedicated to guiding our clients through this dynamic landscape. Our team of experts brings together extensive experience in traditional finance, technology, and digital assets, ensuring that our clients receive top-tier support and guidance.

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SOURCE OSL Group

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QFocus Technologies Scales Global Engineering Business, Plans to Triple Workforce in 2027 to Support Growing Customer Demand

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BENGALURU, India and SAN FRANCISCO, Oct. 23, 2026 /PRNewswire/ — QFocus Technologies LLC (QFocus), headquartered in the USA, is strengthening its global engineering operations following continued business growth across its key markets. The company has doubled its customer base to include top OEMs and CMs across AI infrastructure, medical devices and industrial products, adding multiple new customer engagements over the past 12 months.

Since its inception, QFocus has built relationships with leading global organizations across the technology and manufacturing ecosystem, supporting engineering programs for a global electronics manufacturing and supply chain solutions provider, a leading computational software company serving the semiconductor design industry, a frontier AI company advancing AI infrastructure and computing, and a global medical technology company, amongst others.

These customer programs also offer QFocus engineers opportunities to work on real-world engineering challenges for global organizations, gain exposure to international engineering practices and contribute to technologies and products with applications across industries. By working alongside experienced Subject Matter Experts (SMEs) and supporting demanding customer requirements, engineers can deepen their technical capabilities while gaining experience across the product development and manufacturing lifecycle.

The company plans to triple the number of its engineers globally over the next 12 months, strengthening its capabilities across AI/ML & software engineering, data science & engineering, ASIC hardware & embedded software design, validation & verification, and manufacturing & quality engineering. The expansion will support QFocus’ growing portfolio of global customer programs while further positioning it as a premier SME-led engineering services provider globally.

Founder & CEO Ajit Chandorkar said, “We see tremendous opportunities to support customers navigating complex development and manufacturing environments. Our delivery model pairs industry-recognized SMEs directly with agile engineering teams, combining strategic foresight with technical execution to address our customers’ most intricate challenges. Expanding our product engineering team alongside our AI capabilities will further strengthen this approach, enabling our customers to accelerate time-to-market, elevate product quality and improve operational efficiency. As we continue to build our engineering capabilities, we remain focused on fostering a high-caliber team that delivers world-class solutions and creates lasting value for our customers.”

QFocus is also continuing to build relationships with academic institutions and engineering partners globally to strengthen its talent pipeline and create opportunities for engineering professionals to work on emerging technology areas.

About QFocus Technologies

QFocus is a US-based design and manufacturing engineering service provider, delivering consulting-led services that help clients achieve faster time-to-market and improved process and product quality. QFocus’ comprehensive service portfolio spans embedded systems & AI, manufacturing/quality engineering, factory data analytics, and operational excellence. QFocus serves clients across Medical & Life Sciences, AI Infrastructure and CE, and Industrial & Transport sectors.

QFocus fosters a vibrant environment of joy, excitement, creativity, and innovation, placing inclusion, empathy, and empowerment for every employee and partner at the heart of its growing culture. We are a team of Go-Getters in the making!

For more information about QFocus and its services, visit www.qfocustech.com or contact ops@qfocustech.com. 

 

 

 

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AULUMU Introduces the ADuo Particle Aramid Fiber Case for iPhone Duo

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1500D aramid fiber meets a universe-inspired particle array, combining technical aesthetics with everyday protection

SHENZHEN, China, Oct. 22, 2026 /PRNewswire/ — AULUMU, the design-driven accessories brand known for blending futuristic aesthetics with functional engineering, introduces the ADuo Particle Aramid Fiber Case for iPhone Duo. Part of the brand’s Particle Series, the new case combines a lightweight 1500D aramid-fiber construction with a distinctive particle-array design, dual-screen protection, and MagSafe compatibility in a slim, technical form.

Inspired by the primordial order of the universe and tactical aesthetics, the ADuo Particle transforms a finely woven surface into a dynamic visual composition. Its precisely arranged particles create a sense of depth and structure, evoking the ubiquitous particles found throughout the universe. The result is a design that balances visual complexity with a restrained, functional aesthetic.

At the core of the ADuo Particle is 1500D aramid fiber, selected for its refined woven texture and lightweight strength. The finely woven material creates a distinctive tactile surface while maintaining a slim profile for everyday carrying. A skin-friendly coating further enhances grip and makes routine cleaning easier, bringing material refinement and practical usability together.

The ADuo Particle is available in two finishes, each interpreting the particle-array concept through a different visual language. Abyss Blue features a UV-processed gradient particle array, creating a sense of depth through a gradual shift in color. Polar Black combines glossy particles with black aramid fabric, producing a subtle interplay of light and shadow that changes with the viewing angle. Together, the two colorways offer distinct expressions of the same technical design language.

Beyond its visual identity, the ADuo Particle integrates a series of protective details designed for everyday use. A full-coverage PC protective frame surrounds the front screen, helping protect its edges and corners. An aluminum-alloy camera guard adds protection around the camera area, while raised edges around the screen and camera help reduce direct contact with surrounding surfaces. These elements complement the slim construction without adding unnecessary visual bulk.

The case also supports compatible MagSafe accessories, extending its functionality beyond basic device protection. Users can pair it with magnetic accessories, including the AULUMU G09 Mag Stand, to create a more flexible setup for everyday work, viewing, and mobile use. By combining magnetic compatibility with a refined aramid-fiber exterior, the ADuo Particle fits naturally into a technical, minimalist everyday carry setup.

The ADuo Particle reflects AULUMU’s ongoing approach to product design: bringing material innovation, functional details, and a distinctive industrial aesthetic into everyday technology accessories. Rather than treating protection and appearance as separate priorities, the case integrates both into a cohesive design built around the character of the device and the needs of daily use.

AULUMU is also developing two additional ADuo Aramid Fiber Case variations: a distinctive all-white edition and a gradient edition inspired by the visual direction of the A18 Ultra Slim Gradient Aramid Fiber Case. Release dates for both versions have yet to be determined.

Available on the AULUMU website for $89.98

What is More

AULUMU is also preparing a special limited version of ADuo Particle Aramid Fiber Case which is the world first All-White Aramid Fiber case. The release date for this case has not yet been determined.

About AULUMU

Founded in 2022, AULUMU is a design brand focused on high-performance gear, drawing inspiration from the functional aesthetics of cyberpunk and the philosophical roots of ancient Greek thought. Since its inception, the brand has launched dozens of digital accessory products, secured multiple utility and invention patents, and received the 2025 Red Dot Design Award. Today, AULUMU products serve hundreds of thousands of users across more than 20 countries and regions, positioning the brand as a growing presence in the global high-performance accessories market.

For more information, visit: https://aulumu.com/, or follow AULUMU on Instagram: https://www.instagram.com/aulumu_official/

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SOURCE AULUMU

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LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers

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Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.

NEW YORK, Oct. 22, 2026 /PRNewswire/ — LianLian Global  today announced it has partnered with PayPal (NASDAQ: PYPL) to enable its social commerce, marketplace and e-commerce clients to send payouts directly to PayPal accounts globally and to Venmo accounts in the U.S.

The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend $32.6 billion on creators in 2026 and roughly 50 million people worldwide create content professionally or semi-professionally (Gigapay Global Creator Economy Report 2026). Many of these recipients already hold a PayPal or Venmo account: PayPal had over 400 million active accounts across approximately 200 markets at the end of Q2 2026, and Venmo reached 67 million monthly active accounts in Q4 2025.

Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.

To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.

The partnership combines LianLian Global’s cross-border collection, FX and compliance infrastructure with PayPal’s global wallet network. Key offerings include:

Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient’s email or phone numberPay to Venmo: Domestic U.S. payouts to Venmo users, including creators, influencers and independent contractorsPayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractorsSpeed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.

Sandra Lam, Deputy CEO of US at LianLian Global: “Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy.”

The collaboration expands LianLian Global’s payout coverage and supports its growth in the U.S. and global markets as cross-border platforms scale their creator and contractor programs.

View original content:https://www.prnewswire.com/news-releases/lianlian-global-and-paypal-power-cross-border-payouts-for-social-commerce-marketplace-and-ecommerce-customers-302917635.html

SOURCE LianLian Global

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