Technology
NexusOne triples its business in 2026, names Ken Pickering SVP of Engineering to scale the AI & Data Control Plane
Published
3 hours agoon
By
Pickering, who led engineering at Starburst Data and served as CTO at Hopper and Scripta Insights, joins on the heels of NexusOne’s general availability and the launch of its AI & Data Control Plane, now standing up at customers including a top-ten US bank
ATLANTA, Aug. 28, 2026 /PRNewswire/ — NexusOne, the first fully integrated AI and Data Control Plane, today announced that Ken Pickering has joined the company as Senior Vice President of Engineering. With the growth of AI adoption across enterprises, NexusOne’s annual recurring revenue (ARR) has roughly tripled over the past six months, and its platform now runs in production at leading companies in financial services, healthcare, insurance, and telecommunications. Pickering joins in response to that growth to lead the engineering organization as NexusOne scales the AI & Data Control Plane, the governed layer for enterprise AI it introduced earlier this year
“Every conversation with a data leader right now ends in the same question: when can you start?” said Anu Jain, Founder and CEO of NexusOne. “The market is moving toward a view we committed to early: that enterprises should own their AI, agents, data, and compute rather than rent intelligence from others, and that governance has to be built in from the start. Those are the principles NexusOne was designed around. The constraint on our growth has quickly become engineering capacity. Ken has scaled engineering organizations through their fastest growth periods, run ML at consumer scale, and shipped AI under healthcare regulation. He is the rare leader who has done all three, and the right person to help us meet a market that is moving quickly to our view of what AI-ready means for data.”
Pickering brings more than 20 years of engineering leadership experience. At Starburst he led engineering for the platform to let enterprises query data across warehouses, lakes, and on-prem systems without moving it. NexusOne extends that federation principle into a full control layer that runs infrastructure, data, and AI in sync and governs the whole estate, legacy, on-prem, and cloud alike, while remaining fully composable, so enterprises can adopt any feature without being forced into whole platforms in the future. As CTO of Hopper, he built the machine learning infrastructure behind airfare prediction for millions of travelers, and as CTO of Scripta Insights he led engineering and AI in healthcare, where data governance is critical for regulation.
“I spent my Starburst years watching sophisticated enterprises stall on AI for the same reason: their models needed governed access to data spread across every system they own, and no platform existed at the time to give it to them,” said Pickering. “NexusOne has built that layer, adding a critical control plane on top of it all that governs how every AI request gets served and what it costs. The platform already runs at a top-three US bank, and the control plane is currently standing up at another major European bank. Engineering leaders rarely get to scale infrastructure this early with production proof already behind it.”
Scaling the team behind the first AI & Data Control Plane
The NexusOne AI & Data Control Plane is a single governed boundary over every model, engine, user, and agent in an enterprise data estate. It routes each AI request on intent and identity to the right kind of compute: a query engine for deterministic work, an existing ML pipeline for predictions, a small model for narrow tasks, and a frontier model only when the work is generative. Repeat questions are answered from cache, so they cost nothing; out-of-policy requests are blocked before they reach a model or the data, and every decision is logged. Where AI gateways route between models and governance tools police a single system, NexusOne does both. It secures every model and every data system through one identity layer and runs as a live console today.
A top-three US bank connected 30 AI applications to the governed layer in under four weeks and eliminated more than $100 million in license and hardware costs. A full cross-estate deployment stands up in under five hours. Pickering’s mandate is to grow the engineering organization to match that demand, expanding the control plane’s routing and governance capabilities and building the automation that makes each new deployment faster than the last.
NexusOne is hiring across teams. Visit nx1.io to learn more.
About NexusOne
NexusOne is the first AI-native data layer: infrastructure built for the AI era from day zero. A universal control plane that lies horizontally across the entire data estate, NexusOne connects legacy, on-prem, and cloud systems through one universal identity, governance, and operational layer. Built on 85+ deeply integrated open-source tools, NexusOne gets enterprises AI-ready in weeks rather than years, with Embedded Builders who guarantee outcomes. Currently powering data and AI workloads at major financial institutions, healthcare organizations, and Fortune 500 enterprises. Backed by Insight Partners. Learn more at nx1.io.
View original content to download multimedia:https://www.prnewswire.com/news-releases/nexusone-triples-its-business-in-2026-names-ken-pickering-svp-of-engineering-to-scale-the-ai–data-control-plane-302862378.html
SOURCE NexusOne
You may like
Technology
TCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim Results
Published
40 minutes agoon
August 28, 2026By
Adjusted Profit Attributable to Owners of the Parent Surges by 54.3% YoY to HK$1.64 Billion
Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout
Results and Operational Highlights
Leveraging the strategy of “Globalisation” and “Premiumisation”, TCL sustained strong growth momentum in operational performance. In the first half of 2026, revenue increased by 16.4% year-on-year (“YoY”) to HK$63.76 billion, adjusted profit attributable to owners of the parent increased by 54.3% YoY to HK$1.64 billion.
TV business: In the first half of 2026, overall revenue from the TV business increased by 24.3% to HK$35.25 billion YoY and TCL TV ranked 2nd globally by shipment[1], of which global shipment of Mini LED TV increased by 77.1%, with shipment remaining No. 1 globally[2]. International markets are still the core growth driver of the Company. Gross profit in international markets increased by 70.6% YoY to HK$4.82 billion.
Internet business: In the first half of 2026, revenue from the internet business increased by 16.1% to HK$1.69 billion YoY, while gross profit amounted to HK$1.03 billion, increased by 30.4% YoY. Among these, the high-margin international internet business recorded a YoY growth of 74.6% in revenue, accounting for over 50% of total revenue and driving the overall gross profit margin up to 61.1%, with profitability continuing to improve.
Innovative business: In the first half of 2026, innovative business maintained steady development with revenue grew YoY by 2.5% to HK$20.37 billion.
Strategic acquisition: TCL Electronics announced the proposed acquisition of TCL Industries Holdings’ air-conditioning-related business. The acquisition aims to advance its “all-category smart device” layout strategy and further expand the Company’s revenue and profitability.
HONG KONG, Aug. 28, 2026 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) today announced its unaudited interim results for the six months ended 30 June 2026. Benefitting from the effective implementation of its strategies of deepening global channel penetration and upgrading its mid-to-high-end product portfolio, the Company recorded a 16.4% increase YoY in revenue to HK$63.76 billion. The increase in shipment from Mini LED and large-sized products drove a notable improvement in overall ASP, while gross profit recorded YoY increase of 30.3% to HK$10.90 billion.
Meanwhile, the Company continued to deepen refined operations across the entire value chain and optimise resource allocation efficiency, achieving effective cost and expense control, with overall expense[3] ratio at 11.7% during the reporting period. Bolstered by improved operating efficiency driven by AI and digital tools as well as economies of scale, the Company’s profitability continued to improve, with profit after tax recording a YoY growth of 54.4% to HK$1.62 billion and adjusted profit attributable to owners of the parent recording a YoY growth of 54.3% to HK$1.64 billion during the period. In the first half of 2026, the Company’s annualised return on equity increased by 4.2 p.p. YoY to 16.5%, maintaining a sound financial position. TCL ranked 12th in Gartner’s 2026 Asia-Pacific Supply Chain Top 15, fully demonstrating the comprehensive strength and international competitiveness of the Group’s supply chain system.
In terms of strategic development, on 31 March 2026, the Company entered into a transaction framework agreement with Sony in relation to the home entertainment sector through establishing a joint venture. Both parties will integrate their respective strengths in technologies, branding and supply chains to jointly build a new global home entertainment ecosystem, providing strategic support for expansion into the mid-to-high-end market.
In terms of the capital market, the Company is included for the first time in major indices including the “Hang Seng Composite Large-Cap & Mid-Cap Index” and the “Hang Seng SCHK Electronics Theme Index”. Meanwhile, the Company received investment-grade ratings from three international credit rating agencies, Moody’s, S&P Global Ratings and Fitch Ratings for the first time, demonstrating the international capital market recognition of the Company’s operating performance, profitability and risk management capabilities.
Premiumisation and Larger-Screen Upgrades Drive Strong Performance of Display Business in International Markets
In the first half of 2026, the Company’s TV business outperformed the industry, supported by its strong product competitiveness and global channel advantages. During the reporting period, revenue from the Company’s TV business amounted to HK$35.25 billion, representing a YoY increase of 24.3%; gross profit reached HK$6.79 billion, up 50.5% YoY; and gross profit margin increased by 3.4 p.p. YoY to 19.3%. In the first half of 2026, TCL TV’s global shipment market share reached 14.9%, up 0.7 p.p. YoY, maintaining its No.2 position globally. Its global sales revenue market share reached 13.4%, ranking among the top three globally[4]. Global shipment of Mini LED TVs, upgraded with SQD technology as their core, reached 2.43 million units, representing a YoY increase of 77.1%. Global shipment market share maintained No.1[5]. This further expanded the Company’s premium product portfolio and validated the effectiveness of the Company’s mid-to-high-end transformation and its global operating capabilities.
In terms of international markets, supported by the continued implementation of the mid-to-high-end strategy and targeted brand marketing, TCL TV’s revenue reached HK$25.44 billion, representing a YoY increase of 29.6% and accounting for as much as 72.2% of TCL TV’s total revenue. Gross profit increased by 70.6% YoY to HK$4.82 billion. The gross profit margin increased by 4.5 p.p. to 18.9%. In Europe, the penetration rate in key sales channels increased to 75%, driving revenue in the European market up by 17.2% YoY. In North America, revenue and ASP increased by 26.3% and over 18% YoY, respectively, driven by an improved product mix and a focus on mid- to high-end products. Driven by the on-going deepening of localised operations, revenue from emerging markets increased by 37.3% YoY, significantly outperforming the overall markets.
In PRC market, the Company outperformed the industry with its product competitiveness. Revenue increased by 12.5% YoY to HK$9.81 billion, while gross profit rose by 17.0% YoY to HK$1.98 billion in the first half of 2026. The shipment market share of Mini LED TV remained No. 1[6] in the industry, demonstrating strong operating resilience.
The Company’s small- and-medium-sized display business has been deeply engaged in the channels of leading network operators in Europe and the United States (“U.S.”). In the first half of 2026, revenue increased by 27.4% YoY to HK$5.81 billion, while gross profit increased by 31.6% YoY to HK$0.83 billion. The smart commercial display business leveraged the TV business’s globally leading resource advantages. In the first half of 2026, revenue increased by 23.2% YoY to HK$0.62 billion, while gross profit increased by 32.0% YoY to HK$0.07 billion.
Internet Business Sustains Strong Growth Momentum, Cumulative Users of TCL Channel Platform Reached Record High
In the first half of 2026, revenue from the Company’s internet business amounted to HK$1.69 billion, representing a YoY increase of 16.1%, while gross profit amounted to HK$1.03 billion, increasing YoY by 30.4%. Among these, the high-margin international internet business recorded YoY growth of 74.6% in revenue, accounted for over 50% of total revenue and drove the overall gross profit margin up to 61.1%, profitability continues to improve.
Leveraging the scale advantages of its TV end-products and asset-light operating model, the Company’s internet business deepened its cooperation with global internet giants including Google, Roku and Netflix. TCL Channel platform continued to enrich its content ecosystem, adding more than 110 local channels in the U.S., Brazil and France, viewing time for live-streaming content increased by 131% YoY. Its video-on-demand business launched more than 4,400 content items, with viewing time increasing by 106% YoY. At the end of June 2026, cumulative users of the platform exceeded 53.59 million, while total average daily usage time in Europe, North America and Latin America increased by 95% YoY. The increase in both user scale and engagement further strengthens the foundation for business monetisation.
Steady Growth in Photovoltaic Business, with TCL AiMe AI Companion Robot Pioneering a New Blue Ocean in Consumer Electronics Market
In terms of innovative business, the photovoltaic business maintained its “relatively asset-light” positioning, optimised its business structure, focused on profitability, and expanded into core markets with strong power absorption capacity, high electricity prices and stable returns. The international markets continued to focus on core European countries, leveraging the synergies between SunPower’s brand influence and TCL’s global channel resources to accelerate the product deployment and business expansion of its “integrated energy solutions for photovoltaics, energy storage and heating”. During the first half of 2026, revenue steadily increased by 2.3% YoY to HK$11.39 billion.
Capitalising on market opportunities arising from the convergence of AI and IoT, the Company launched TCL AiMe in August 2026. Designed to provide emotional companionship in home scenarios, TCL AiMe is the world’s first companion robot, featuring a modular design, human-like facial-expression interaction and whole-home voice collaboration. TCL AiMe is officially launched in August 2026 and is expected to open up a new blue ocean in the consumer electronics sector.
Acquisition of TCL Air Conditioning Business to Advance All-Category Smart Device Layout
On 15 July 2026, the Company announced its proposed acquisition of the business of TCL air conditioner for a total consideration of HK$5.61 billion. Subject to the fulfilment of the conditions precedent, the transaction is expected to be completed in the fourth quarter of 2026 and subsequently consolidated into the Company’s financial statements. The global HVAC market offers substantial growth potential, driven by multiple factors including the increasing prevalence of extreme weather, rising penetration rates in emerging markets and demand for energy-efficiency upgrades. Upon completion of the transaction, the acquisition is expected to effectively strengthen the Company’s earnings base. The Company will leverage its mature global sales network and localised operating capabilities to unlock synergies across globalisation, branding and supply chains for a valuation re-rating, and continue to enhance returns for shareholders.
Looking ahead, the Company will continue to consolidate its global business foundation, implement a clear premiumisation development path, strengthening the profit contribution from ecosystem businesses and cultivate diversified growth drivers. Leveraging its core strengths in global strategic layout, technological innovation, the all-category smart device ecosystem and the home entertainment platform jointly established with Sony, the Company will continue to unlock its operating potential, capitalise on industry development opportunities and achieve long-term, steady, sustainable and high-quality growth.
[1] Source: Omdia, global brand TV shipment data for 2026 H1.
[2] Source: Omdia, global brand Mini LED TV shipment data for 2026 H1.
[3] Overall expenses comprise selling and distribution expenses and administrative expenses.
[4] Source: Omdia, global brand TV shipment data for 2026 H1.
[5] Source: Omdia, global brand Mini LED TV shipment data for 2026 H1.
[6] Source: Omdia, global brand Mini LED TV shipment data for the first half of 2026.
– Ends –
About TCL Electronics
TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since November 1999. Its business scope covers display business, innovative business, and internet business. Guided by the business philosophy of “Strategy Guidance, Innovation Driven, Advanced Manufacturing and Global Operation”, TCL Electronics actively embraces transformation and innovation and focuses on breaking into the mid-to-high-end global market, and strives for an all-category layout for the “Smart IoT Ecosystem”. Dedicated to providing users with all-scenario smart healthy living experiences, TCL Electronics aims to become a leading global intelligent terminal enterprise. TCL Electronics is included in the list of eligible shares for the Shenzhen-Hong Kong Stock Connect. It is a constituent stock of the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite LargeCap & MidCap Index, and the “Hang Seng SCHK Electronics Theme Index”. Since 2018, the Company has been awarded an ESG rating of A by Hang Seng Indexes Company for several consecutive years.
For more information, please visit TCL Electronics’ investor relations website at http://electronics.tcl.com, or access the official WeChat account of TCL Electronics Investor Relations.
View original content:https://www.prnewswire.com/news-releases/tcl-electronics-01070hk-delivers-strong-growth-in-2026-interim-results-302862885.html
SOURCE TCL Electronics Holdings Limited
Technology
MetaLight (02605.HK) Announces 2026 Interim Results: Net Loss Narrows Significantly, with Adjusted Net Profitability Sustained
Published
40 minutes agoon
August 28, 2026By
HONG KONG, Aug. 28, 2026 /PRNewswire/ — MetaLight Inc. (“MetaLight” or the “Company”; Stock Code: 02605.HK), a public transit information service provider powered by time series data analytics and AI technology, today announced its interim results for the six months ended June 30, 2026 (the “Reporting Period” or the “first half of 2026”). 2026
Interim Results Highlights
Total revenue was approximately RMB92.0 million, down approximately 5.1% year on year, mainly reflecting mobile internet market competition and phased commercialization adjustments to improve product experience.Gross profit was approximately RMB68.7 million, down approximately 9.3% year on year, with gross margin at approximately 74.6%.Net loss narrowed significantly to approximately RMB5.0 million from RMB125.5 million during the Reporting Period. Adjusted net profit (non-IFRS measure)(1) was approximately RMB13.1 million, down approximately 53.6%, mainly due to the revenue decline and severance expenses arising from phased organizational optimization.Chelaile’s cumulative users increased approximately 6.1% to 354 million; average monthly active users rose approximately 6% year on year to 32.0 million; and its average rating across six major app stores improved approximately 8.4% between January and June 2026.
Dr. Sun Xi, Chairman and Chief Executive Officer of MetaLight, stated: “In the first half of 2026, the Company remained focused on its core business and consolidated Chelaile’s product and user base, while continuing to extend the application of its public transit data and technological capabilities and steadily advancing TransitNow’s localization validation, the R&D of the Robobus operations support platform, and AI-related initiatives. The significant year-on-year narrowing of our net loss mainly reflected the non-recurrence of fair value losses on convertible redeemable preferred shares and listing-related expenses recognized in the corresponding period last year. Chelaile’s user base and engagement continued to grow, indicating that demand for the core product remains solid. We will continue to prudently balance improvements in product usage experience with greater commercialization efficiency, and use product and service value to drive improvements in our core business.
TransitNow and the Robobus operations support platform build on the Company’s existing public transit data and technological capabilities, while AI-related initiatives begin with product R&D and business collaboration. We believe that capability extension is reflected not only in products entering more markets and application scenarios, but also in whether technology can be embedded into more efficient ways of working across the organization. The Company continues to advance its AI-native organization, integrate AI Agents into R&D, testing and related workflows, and gradually apply proven methods and capabilities to its core business. The integration of AI with education and related industrial investment remain at an early stage. We will allocate resources based on actual needs, validation results and commercial feasibility, with long-term competitiveness and shareholder value as the ultimate measures.
Looking ahead to the second half of the year, the Company will continue to consolidate Chelaile’s product and user base and prudently advance business and market development based on its existing capabilities and resources. We will use verifiable phased outcomes as the basis for assessment, validate new development directions while improving our core business, and communicate the Company’s actual progress with shareholders in a timely and candid manner.”
2026 Interim Financial Review
Revenue
The Group’s revenue decreased from approximately RMB97.0 million for the six months ended June 30, 2025 to approximately RMB92.0 million for the six months ended June 30, 2026. Revenue from mobile advertising services was approximately RMB89.5 million, representing a year-on-year decrease of approximately 5.0%, while revenue from data technology services was approximately RMB2.5 million. The decrease in revenue primarily reflected competitive conditions in the mobile internet market and the Group’s adjustments to certain advertising inventory and display frequencies during the Reporting Period to reduce advertising disruption to users and improve product usage experience. These adjustments had a short-term impact on mobile advertising revenue, resulting in a decrease of approximately RMB4.7 million. The relevant display frequencies gradually stabilized during the Reporting Period.
Gross Profit and Gross Margin
Gross profit decreased by approximately 9.3% from approximately RMB75.7 million for the six months ended June 30, 2025 to approximately RMB68.7 million for the six months ended June 30, 2026. Gross margin decreased by approximately 3.5 percentage points from approximately 78.1% for the six months ended June 30, 2025 to approximately 74.6% for the six months ended June 30, 2026. The decrease in gross profit and gross margin was mainly due to an increase in cost of sales, which rose by approximately RMB2.0 million from approximately RMB21.3 million to approximately RMB23.3 million, and increased as a percentage of revenue from approximately 22.0% to approximately 25.4%, primarily reflecting higher cross-network advertising fees and server rental costs.
Selling Expenses
Selling expenses increased slightly from approximately RMB18.7 million for the six months ended June 30, 2025 to approximately RMB18.8 million for the six months ended June 30, 2026, primarily due to an increase in sales personnel costs.
Administrative Expenses
Administrative expenses decreased from approximately RMB38.0 million for the six months ended June 30, 2025 to approximately RMB30.4 million for the six months ended June 30, 2026, primarily because one-off listing-related administrative expenses incurred in the corresponding period last year did not recur during the Reporting Period.
Research and Development Expenses
Research and development expenses were approximately RMB24.8 million for the six months ended June 30, 2026, representing an increase of approximately RMB3.2 million from the corresponding period last year, primarily due to an increase in R&D personnel costs.
Net Loss and Adjusted Net Profit during the Report Period
Net loss for the Reporting Period was approximately RMB5.0 million, compared with approximately RMB125.5 million for the corresponding period last year. The significant narrowing was mainly attributable to the non-recurrence of fair value losses on convertible redeemable preferred shares and listing-related expenses recognized in the corresponding period last year.
Adjusted net profit (non-IFRS measure)(1) was approximately RMB13.1 million, representing a decrease of approximately 53.6% from approximately RMB28.2 million for the corresponding period last year. The decrease mainly reflected a slight decline in revenue and severance compensation expenses arising from the phased optimization of the Group’s organizational and personnel structure during the Reporting Period. The relevant adjustments for this phase were largely completed during the Reporting Period, and the associated severance compensation expenses were also mainly incurred during the Reporting Period.
Cash Position
As of June 30, 2026, the Group had cash and cash equivalents of approximately RMB40.9 million and time deposits of approximately RMB175.8 million. Net cash used in operating activities during the Reporting Period was approximately RMB4.0 million.
Note: (1) The Group defines adjusted net profit (non-IFRS measure) as profit or loss for the period adjusted to exclude the effects of fair value losses on financial liabilities at fair value through profit or loss, listing expenses, loss on disposal of equity investments, fair value changes of equity investments measured at fair value through profit or loss, one-off external donation expenses and share-based payment expenses for equity-settled share option schemes.
2026 Interim Business Review
During the Reporting Period, the Group continued to focus on its real-time public bus information service, prioritizing the consolidation of its product and user base while continuing to extend the application of its public transit data and technological capabilities. Beyond the core business, these capabilities are gradually extending to TransitNow, demand-responsive public transport, and the operations support platform for autonomous-driving public bus (Robobus). AI-related initiatives include AI technology reserves, the development of an AI-native organization and the AI-focused venture capital fund. As these businesses are at different stages of development, the Group will advance them prudently based on actual progress, product performance, resource requirements and commercial feasibility.
In its core business, in response to intensifying competition in the mobile internet market, the Group made the consolidation of Chelaile’s product and user base a current operating priority. Taking into account external feedback and product experience assessments, the Group adjusted certain advertising inventory and display frequencies during the Reporting Period to reduce advertising disruption to users and improve product usage experience. The relevant display frequencies gradually stabilized during the Reporting Period. During the same period, Chelaile’s average rating across six major app stores increased by approximately 8.4% in June 2026 compared with January 2026. As of June 30, 2026, the service covered 484 cities and towns under a unified basis that excludes duplicate counting; cumulative users increased to approximately 354 million, representing growth of approximately 6.1% from the end of 2025; and average monthly active users during the Reporting Period reached approximately 32.0 million, representing year-on-year growth of approximately 6%.
In its overseas business, TransitNow was launched on iOS and Android platforms in mid-April 2026. It is currently available in Singapore, Hong Kong, Melbourne, Sydney, Brisbane, Kuala Lumpur and other supported cities. TransitNow is an extension and upgrade of the Group’s original Busio business, using a standalone technical architecture developed specifically for overseas business scenarios. Service continuity for existing users was preserved during the migration. The overseas business remains in an early promotion and localization validation stage. The Group will continue to monitor product usage, data integration and market feedback, and refine its product and operational arrangements accordingly.
In public transit service scenarios, the Group continued to develop its public transit analytics platform and demand-responsive public transport services. Demand-responsive public transport has been implemented in more than 20 cities in China, covering more than 60 service areas and generating cumulative service orders exceeding 10 million. During the Reporting Period, the Group also participated in the research and content drafting of the Demand-Responsive Public Transport Technology and Service Guidelines led by the China Academy of Transportation Sciences.
In autonomous-driving public bus (Robobus), the Group positions itself as a technology service provider that empowers public transport operators in their transition to Robobus operations. During the Reporting Period, the Group carried out solution design and R&D for the Robobus operations support platform, focusing on capabilities including vehicle operation monitoring, abnormal incident handling support and operational analytics. The platform is designed to provide underlying data intelligence and decision support for public transport operators. This direction remains at an early stage, and further progress is subject to product validation, cooperation arrangements, regulatory requirements and commercial feasibility.
In developing its AI capabilities, the Group continued to advance research and innovation and their practical application in its products. A peer-reviewed paper co-authored by the Group on bus arrival prediction was accepted to the KDD 2026 Applied Data Science Track, and the relevant method has been applied to Chelaile’s arrival prediction service. In one week of online validation across two cities served by Chelaile, the method reduced storage usage by approximately 90% and CPU usage by approximately 25%, while maintaining broadly comparable prediction performance. The Group also continued to advance the development of an AI-native organization and deepen the application of AI Agents in R&D, testing and related workflows; these initiatives remain under ongoing validation and iteration.
In AI-related investment, the AI-focused venture capital fund in which the Group participated has completed private investment fund filing and entered the project screening stage. As of June 30, 2026, the fund had completed one investment project. The Group will prudently advance the relevant work based on the fund’s operations and project progress.
Future Outlook
Looking ahead to the second half of 2026, the Group maintains a prudent stance on the short-term trajectory of the mobile advertising market. In its core business, the priority for the second half will be to prudently improve monetization efficiency and optimize the revenue mix, while consolidating Chelaile’s product and user base and continuing to improve product usage experience. The Group will use AI algorithms to optimize advertising inventory pricing strategies and placement accuracy, expand its network of programmatic advertising platform partners, reach long-tail advertisers, and gradually improve its client mix and revenue mix. In data technology services, the Group will prudently undertake projects after considering delivery resource alignment and commercial returns, and explore ways to increase the contribution of the related revenue. On the user side, Chelaile will continue to deepen its presence in third-tier and lower-tier cities and, subject to filing progress, gradually make natural language interaction and other functions available, advancing the product’s evolution toward an intelligent travel assistant. Genuine demand for public transit travel exists over the long term, and product and service value remain the foundation for improving the core business.
In its innovative businesses, the Group will advance TransitNow’s localized operations and market development at a measured pace based on actual validation results and resource requirements, continue the R&D and solution validation of the Robobus operations support platform, and prudently advance the subsequent work of the AI-focused venture capital fund based on the fund’s operations and project progress. These businesses are at different stages of development, and their progress remains subject to product readiness, user demand, cooperation arrangements, regulatory procedures, investment progress and commercial feasibility. The Group will use verifiable phased outcomes and commercial feasibility as the basis for subsequent assessment and resource allocation.
The Group will continue to be guided by users’ actual needs, enhance product and service value, and optimize resource allocation based on the actual progress and commercial feasibility of each business.
About MetaLight
MetaLight Inc. (Stock Code: 02605.HK) is a public transit information service provider powered by time series data analytics and AI technology. Guided by its mission of serving the public through advanced technology, the Company has independently developed a time series intelligence technology system centered on an AI Model Building Platform and AI model libraries for three industry verticals: public bus, renewable energy and industrial internet. The system integrates capabilities in large-scale data access, pre-processing, labeling, model training and foundation model adaptation. Based on this technology system, the Company operates the Chelaile real-time public transit information platform, providing commuters with real-time bus arrival predictions, vehicle location tracking and travel route planning, while also offering public transit analytics platforms and data technology services to transport operators. According to CIC data as of December 31, 2024, Chelaile was the largest real-time public transit information platform in China by city coverage. As of June 30, 2026, it covered 484 cities and towns nationwide with approximately 354 million cumulative users, committed to making public transit more convenient and efficient. For more information, please visit www.metalight.ai.
Forward-Looking Statements
In addition to statements of historical fact, this press release contains forward-looking statements relating to the Company’s business outlook, estimates of financial performance, forecast business plans, development strategies and projections of anticipated trends in our industry. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” “might,” “can,” “could,” “will,” “would,” “expect,” “believe,” “continue,” “estimate,” “anticipate,” “forecast,” “intend,” “plan,” “seek” or “timetable.” Such forward-looking statements are based on the information available to the Company and the outlook as at the time of publication of this press release. Such forward-looking statements are based on certain projections, assumptions and premises, some of which involve subjective factors or factors beyond our control. Such forward-looking statements may prove to be inaccurate and may not materialize in the future. Such forward-looking statements involve a number of risks and uncertainties. In view of the risks and uncertainties, forward-looking statements contained in this press release should not be construed as representations by the Board or the Company that such plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, neither the Company, its Board, employees nor agents assume any obligation to publicly release any revisions, corrections or updates to the forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this press release or unanticipated events, nor do they assume any liability for any losses arising from the failure to realize or inaccuracy of any forward-looking statements.
Investor and Media Inquiries
MetaLight Inc.
Investor Relations
Email: ir@metalight.ai
Condensed Consolidated Statement of Profit or Loss
For the six months ended June 30, 2026
2026
RMB’000
(Unaudited)
2025
RMB’000
(Unaudited)
Revenue
92,005
96,973
Cost of sales
(23,328)
(21,289)
Gross profit
68,677
75,684
Other income and gains
4,225
2,223
Selling expenses
(18,819)
(18,649)
Administrative expenses
(30,440)
(37,976)
Research and development expenses
(24,818)
(21,633)
Reversal of impairment losses on financial assets, net
463
712
Fair value loss on financial liabilities at fair value through profit or loss
–
(119,202)
Other expenses and losses
(6,457)
(4,246)
Finance costs
(154)
(478)
Share of profits of joint ventures
844
–
Loss before tax
(6,479)
(123,565)
Income tax credit/(expense)
1,447
(1,940)
Loss for the period
(5,032)
(125,505)
Attributable to:
Owners of the Company
(4,930)
(125,505)
Non-controlling interests
(102)
–
(5,032)
(125,505)
Loss per share attributable to ordinary equity holders of the Company
Basic (RMB)
(0.03)
(1.69)
Diluted (RMB)
(0.03)
(1.69)
Condensed Consolidated Statement of Financial Position
As of June 30, 2026
June 30, 2026
RMB’000
(Unaudited)
December 31, 2025
RMB’000
(Audited)
NON-CURRENT ASSETS
Property and equipment
912
1,138
Right-of-use assets
2,134
3,258
Intangible assets
183
231
Investments in joint ventures
41,638
–
Investment in an associate
–
–
Prepayments, other receivables and other assets
8,484
4,965
Financial investments
18,097
17,293
Deferred tax assets
9,890
8,443
Total non-current assets
81,338
35,328
CURRENT ASSETS
Trade receivables
35,466
42,473
Prepayments, other receivables and other assets
19,457
21,091
Financial investments
18,562
55,113
Time deposits
175,794
206,885
Cash and cash equivalents
40,948
38,693
Total current assets
290,227
364,255
CURRENT LIABILITIES
Trade payables
4,295
5,857
Contract liabilities
368
235
Other payables and accruals
9,372
24,731
Interest-bearing bank borrowings
–
10,000
Lease liabilities
1,167
2,216
Income tax payable
–
8
Total current liabilities
15,202
43,047
Net current assets
275,025
321,208
Total assets less current liabilities
356,363
356,536
NON-CURRENT LIABILITIES
Lease liabilities
97
203
Total non-current liabilities
97
203
Net assets
356,266
356,333
EQUITY
Share capital
109
109
Reserves
355,554
356,224
Equity attributable to owners of the Company
355,663
356,333
Non-controlling interests
603
–
Total equity
356,266
356,333
Non-IFRS Financial Measures
For the six months ended June 30
Unit: RMB’000
2026
2025
Loss for the period
(5,032)
(125,505)
Adjusted for:
Fair value loss on financial liabilities at fair value through profit or loss
–
119,202
Listing expenses
–
17,499
Loss on disposal of equity investments
–
–
Fair value changes of equity investments at fair value through profit or loss
1,019
3,712
External donation expenses
5,000
–
Share-based payment expenses for equity-settled share option schemes
12,099
13,275
Adjusted net profit (non-IFRS measure)
13,086
28,183
Note: For the definition of adjusted net profit (non-IFRS measure), please refer to note (1) above. External
donation expenses were newly added as an adjustment item for the current period; no related expenses were
incurred in the corresponding period in 2025.
View original content:https://www.prnewswire.com/apac/news-releases/metalight-02605hk-announces-2026-interim-results-net-loss-narrows-significantly-with-adjusted-net-profitability-sustained-302862890.html
SOURCE MetaLight Inc.
Technology
Invisors ranks no. 12 on the Atlanta Business Chronicle 2026 Best Places to Work list
Published
40 minutes agoon
August 28, 2026By
ATLANTA, Aug. 28, 2026 /PRNewswire/ — Atlanta Business Chronicle revealed that Invisors, a Workday Services Partner, is ranked no. 12 on its 2026 Best Places to Work list in the medium company category. This marks Invisors’ sixth consecutive year on the list, which recognizes companies in the metro-Atlanta area that successfully go above and beyond for their employees.
In a research-backed employee experience survey conducted by Quantum Workplace, Atlanta employees were surveyed on Invisors’ work environment, people practices and other measures. Invisors’ placement is based on the responses submitted by it’s employees. Read more about the values and practices that make Invisors who they are at invisors.com/company-overview.
“When Invisors was founded, we were a small team with a big vision. Today, we’ve grown to more than 475 team members globally, and we believe that growth starts with hiring exceptional people and creating an environment where they want to stay, grow and build something together,” shares Will Hardy, Managing Partner at Invisors. “As our company continues to evolve, we’re investing in innovation, including how we help our people and customers take advantage of AI. Being recognized as a Best Place to Work is a meaningful reflection of the culture our team has built, and we’re excited to continue creating opportunities for our people to learn, innovate and shape what’s next.”
Atlanta has always been central to Invisors’ story. With its headquarters and largest employee base located here, the city’s energy and drive for innovation show up in the way the company works. Invisors is proud to be part of the community and to consistently be recognized alongside other leading employers. Learn more about Invisors’ efforts to engage with the community at invisors.com/community.
This year, Invisors has received several recognitions based on revenue, growth and employee-satisfaction, including the Inc. 5000 Fastest-Growing Private Companies in America, South Florida’s Best Places to Work list and Great Place to Work US certification. Additionally, Invisors was recognized by the University of Florida for our Corporate Partnership. These awards highlight Invisors’ dedication to a meaningful company culture and our team’s values. We are proud to invest in our people as much as we do in our business. Discover the latest Invisors news and recognitions at Invisors at https://www.invisors.com/news.
About Invisors
As a certified Workday Services Partner, Invisors helps customers utilize their organizational data to make better-informed business decisions through the deployment of Workday. Invisors’ success is measured by their clients’ ability to achieve their big-picture vision. From initial deployments to ongoing projects, Invisors is dedicated to elevating perspectives and transforming results. Learn more by visiting invisors.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/invisors-ranks-no-12-on-the-atlanta-business-chronicle-2026-best-places-to-work-list-302862872.html
SOURCE Invisors
TCL Electronics (01070.HK) Delivers Strong Growth in 2026 Interim Results
MetaLight (02605.HK) Announces 2026 Interim Results: Net Loss Narrows Significantly, with Adjusted Net Profitability Sustained
Invisors ranks no. 12 on the Atlanta Business Chronicle 2026 Best Places to Work list
Send Rakhi to UK swiftly with UK Gifts Portal
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology3 days agoCombos Makes Its Global Debut at Gamescom, Bringing AI-Created Games by Everyday Creators
-
Technology3 days agoHandshakes Launches AI Agent to Transform Corporate Due Diligence and Investigation
-
Technology5 days agoMaxpeedingrods Introduces IDDS Series Coilover System with Electronic Damping Control
-
Technology2 days agoJinkoSolar Announces Second Quarter 2026 Financial Results
-
Near Videos4 days agoNEAR’s AI Money Thesis | NEAR Co-Founder Illia Polosukhin
-
Technology23 hours agoSivers Semiconductors Reports Q2 2026 Results as Product Growth, Record Pipeline and Customer Ramps Position Company for Growth Acceleration
-
Technology5 days agoWorld’s First Autonomous Humanoid Tennis Match: GALBOT Robots Complete 100+ Consecutive Rallies
-
Technology5 days agoInspira Enterprise Expands into Australia to Accelerate AI-Driven Cybersecurity and Digital Resilience Across Enterprises
