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Fosun Wealth Holdings Strengthens Fintech Strategy as Finloop Becomes a Strategic Enterprise of OASES

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HONG KONG, April 9, 2025 /PRNewswire/ — Finloop Finance Technology Holding Limited (“Finloop”), an AI-driven one-stop institutional wealth management platform incubated by Fosun Wealth Holdings under Fosun, announced that it has become one of the strategic enterprises of the Office for Attracting Strategic Enterprises (“OASES”) of the Government of Hong Kong Special Administrative Region. This milestone represents a significant advancement in Fosun Wealth Holdings’ fintech strategy and a solid step forward for Finloop in deepening its foothold in wealth management market in Hong Kong.

OASES held the “OASES Enterprises Signing Ceremony” to welcome a new batch of strategic enterprises establishing or expanding their operations in Hong Kong on 8 April. In the presence of Financial Secretary, Mr. Paul Chan, Finloop and other 17 enterprises signed agreements to become strategic enterprise partners of the Government. These enterprises come from high-tech industries such as advanced manufacturing and new energy technology, AI and data science, fintech, and life and health technology.

Aligning with National Development Plan, Shaping Hong Kong’s Innovation and Technology Future

“We are honored to be recognized as a strategic enterprise partner of OASES and look forward to injecting new momentum into Hong Kong’s innovation and technology ecosystem, contributing to the development of its innovation and technology blueprint,” said Mr. Cheng Kang, CEO of Fosun Wealth Holdings and Chairman of Finloop. “Hong Kong has the unique advantage of ‘One Country, Two Systems’, serving as a bridge between mainland China and global markets. Finloop has also introduced a two-way empowerment strategy, which aligns perfectly with this position. The 14th Five-Year Plan clearly supports Hong Kong’s transformation into an international innovation and technology hub. In recent years, the HKSAR government has rolled out a series of policies to promote technology innovation. The 2025-26 Budget outlined multiple support measures, such as enhancing AI infrastructure and advancing R&D. These initiatives create a favorable environment for Finloop to expand business in Hong Kong.”

Finloop has set up its headquarters in Hong Kong during 2024. It has also become a tenant of Cyberport since March this year to facilitate deeper engagement with local innovation and technology community. As a one-stop institutional wealth management platform, Finloop delivers technology solutions to financial institution clients, covering a comprehensive range of wealth management products, including cash management, public funds, private funds, structured products, bonds, insurance, virtual assets (VA), and real-world assets (RWA). To seize opportunities in wealth management, Finloop has become one of the most impactful providers of financial products and technology solutions for Cross-boundary Wealth Management Connect 1.0 and 2.0, significantly enhancing the liquidity and dynamism of wealth management market in Hong Kong.

Empowering Clients with Comprehensive Technologies, Building a Benchmark for Wealth Management Platforms

Amid the era of digital transformation across wealth management industry, Finloop is intensifying its competitiveness with cutting-edge technologies, by embedding AI into its innovation core. Its proprietary middle-office system of wealth management, also known as “FinOne”, integrates deeply with AI technology to power three intelligent operating systems: AI Product Manager, AI Investment Advisor and AI Assistant. These systems significantly boost the operational efficiency for financial institution clients. To unlock opportunities in Web3.0, Finloop also taps into digital asset business, by offering one-stop technology solutions to help fund companies and licensed institutions of virtual asset dealing services provide technological services such as in-kind subscription and redemption of virtual asset ETFs and stablecoin dealings. At the same time, Finloop actively supports the development of tokenization in Hong Kong, promoting Hong Kong as a hub for RWA tokenization. Finloop provides comprehensive and advanced fintech solutions for RWA projects and deeply assists licensed institutions in participating in Hong Kong Monetary Authority’s sandbox projects. This helps traditional financial institutions upgrade their systems to adapt to the new framework and landscape of wealth management in the virtual assets world.

Looking ahead, Finloop will continue to harness its fintech strengths and actively engage with OASES’s resources in evaluation, connection, and funding schemes. Finloop aims to provide leading infrastructure solutions of wealth technology to financial institutions in Hong Kong, while maintaining a strong presence in Hong Kong, expanding throughout the Asia-Pacific region, and connecting to global markets. Mr. Cai Hua, CEO of Finloop, remarked: “Finloop will remain driven by ‘digital intelligence’, with a focus on AI to empower financial institution clients in achieving business growth and creating synergy across the wealth management industry—from technological R&D to financial scenario applications and market output. Simultaneously, we will strengthen cooperation with the HKSAR government and local incubation organizations, actively participate in regulatory sandbox programs, strengthen ties with academia, promote knowledge sharing and standardization, and work together to build an efficient, intelligent, and secure wealth management ecosystem.”

About Finloop Finance Technology Holding Limited

Finloop Financial Technology Holding Limited, along with its affiliates Finloop Finance Technology Services Limited and Finloop Finance Limited (collectively referred to as “Finloop”), is an AI-driven one-stop institutional wealth management platform headquartered in Hong Kong. It provides comprehensive wealth management products and technology solutions for various financial institutions, covering commercial banks, securities companies, cross-border e-commerce, family offices, wealth management companies, insurance brokerage companies, fund companies, etc. Through its proprietary technology platform, Finloop provides a full range of wealth management products including cash management, public funds, private funds, structured products, bonds, insurance and virtual assets. Finloop holds a leading position in the financial technology sector in Asia. It has industry-leading research and development capabilities and solution implementation capabilities. It is currently the only financial technology service provider that can provide a one-stop wealth management platform and solutions. Finloop is committed to becoming customers’ most trusted wealth management partner and helping promote innovation and development of the wealth management industry.

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SOURCE Fosun

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CHAI AI, Backed by CoreWeave and AMD, Hits $80M ARR with talks of $2.4B Valuation

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May 1, 2026

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PALO ALTO, Calif., April 30, 2026 /PRNewswire/ — Following a pivotal 2025 investment from CoreWeave and AMD, CHAI AI has maintained an unstoppable growth trajectory, surpassing $80 million ARR at the close of Q1 2026, propelling the company to an estimated $2.4 billion valuation.

“Millions of people use our social AI platform every day, and our continued growth is a direct reflection of our incredible talent,” said William Beauchamp, founder of CHAI AI. “I moved the company from the UK to Palo Alto in 2022 because it is where I can find talented engineers. Our growth is driven by fast iteration cycles and the hard work of the engineers.”

What is the mission of CHAI AI? People want to create their own AI and share it with others, and they want to discover and interact with AI built by people they follow. Just as social media platforms emerged when video creation and consumption became ubiquitous, social AI platforms are now emerging to meet an equivalent wave of consumer demand for generative AI creation, sharing, and interaction.

What is the growth rate and traction? In the last three consecutive years, CHAI AI has sustained a 3x growth rate with ARR crossing $80 million by the end of Q1 2026 and a projection to surpass $200 million.

What is the valuation of CHAI AI? CHAI AI is estimated to have a valuation of $2.4 billion as of Q1 2026, based on $80 million in ARR and its sustained growth rate.

Who are the major investors in CHAI AI? AMD and CoreWeave are the primary, strategic investors in CHAI AI, bringing its total investment to date to over $55 million.

What is the culture like at CHAI AI? Our fast-growing company is supported by a talented engineering team that thrives on fast iteration cycles and takes on the most challenging problems in the field. CHAI AI operates with a high-bar, high-reward culture where engineers own entire product segments end-to-end, from prototyping to production.

What is the compensation? CHAI AI competes with top-paying companies such as Jane Street, OpenAI, Meta, and Citadel. We pay 100% cash salaries and are known for generous compensation offers, with the option to trade a portion of cash for stock options. The founding team’s background is in quantitative trading, and they have maintained a compensation philosophy consistent with that culture.

How do promotions and performance reviews work? Performance is reviewed on a daily basis, and engineers are expected to work hard and drive impact. At the beginning of each year, there is a performance-based salary increase.

What is the management structure? The structure is flat, with a team of 15 to 20 engineers.

What are the typical working hours? Engineers at CHAI AI typically work from 9 AM to 5 PM during weekdays, as well as Saturday morning.

Is there vacation or PTO? CHAI AI does not have a set number of vacation days on the calendar, but we respect that employees need time to recharge. In practice, most engineers take around 20 days off per year.

Is the role fully in-person in Palo Alto, hybrid, or remote-friendly? All CHAI employees are expected to work in person in Palo Alto. As a startup that moves fast, we want to ensure the team stays in sync.

What’s the onboarding experience like for new engineers? New hires follow a structured 3-month onboarding plan. Each new hire is paired with an experienced hire and ramped up quickly. You will be assigned high-impact tasks from day one, with clear evaluation metrics and direct mentorship from peers.

Press Contact:
CHAI AI Press
+1 (626) 594-8966

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SOURCE Chai AI

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Greenberg Traurig Shareholder Lisa M. Lanham to Speak at MBA Legal Issues & Regulatory Compliance Conference

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May 1, 2026

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MIAMI, April 30, 2026 /PRNewswire/ — Lisa M. Lanham, a shareholder in global law firm Greenberg Traurig, P.A.‘s Financial Regulatory & Compliance Practice, will speak at the Mortgage Bankers Association’s (MBA) Legal Issues & Regulatory Compliance Conference, taking place May 4-7 at the InterContinental Hotel in Miami.

Lanham will participate in the session titled “Emerging Issues Track: The Risk Behind the Race — Employee Mobility, Data, and Licensing,” scheduled for 3:30-4:45 p.m. Monday, May 4. The panel will examine how competitive hiring practices, proprietary data use, and evolving multistate licensing frameworks are creating heightened legal and regulatory risks for independent banks. Panelists will discuss recent litigation trends, data protection considerations, and operational practices that can expose institutions to increased scrutiny.

Based in the firm’s Miami office, Lanham’s practice focuses on consumer financial services regulatory compliance and licensing. She regularly advises mortgage lenders, servicers, fintech companies, and financial institutions on navigating complex federal and state regulatory regimes, workforce mobility issues, and compliance risk management.

The MBA Legal Issues & Regulatory Compliance Conference is a leading industry forum bringing together legal, compliance, and business professionals to address emerging regulatory challenges facing the mortgage banking industry.

About Greenberg Traurig: Greenberg Traurig, LLP has approximately 3,100 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm’s broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI “Best of the Best Recommended Law Firm” by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

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SOURCE Greenberg Traurig, LLP

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Teenage Mutant Ninja Turtles: Empire City Out Now on Meta Quest, Pico, and Steam VR

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May 1, 2026

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Award-winning Cortopia Studios launches the first-ever Turtles VR game

STOCKHOLM, April 30, 2026 /PRNewswire/ — The Teenage Mutant Ninja Turtles have been everywhere from New York City to Dimension X, but with the launch of Teenage Mutant Ninja Turtles: Empire City, Beyond Frames Entertainment and Cortopia Studios take the iconic heroes into an all-new reality for the very first time: virtual reality.

Watch the full release trailer here: https://youtu.be/TK2PFmvvVf0

Available now on Meta Quest, Steam VR, and Pico for $24.99, Teenage Mutant Ninja Turtles: Empire City is a story-based action adventure game that can be enjoyed single-player, or with friends in optional co-operative multiplayer, allowing players to join together and push against the forces of The Foot.

Teenage Mutant Ninja Turtles: Empire City takes players to a New York City where the Shredder has been defeated and, in the void left behind, warring factions are vying for total control – from Karai, the leader of the Japanese branch of The Foot Clan, to Mashima, a mystic determined to resurrect the ruthless chaos and power that he believes their fallen leader stood for. 

Players will explore the neighborhoods you’ve sworn to protect, square off against classic foes, and chow down on pizza – just like a real Turtle. In Teenage Mutant Ninja Turtles: Empire City, players are in full control of their play style and experience, engaging however they feel their favorite Turtle would – from stealthy attacks to outright berserker action. 

In addition to the base game, Teenage Mutant Ninja Turtles: Empire City is available with a Digital Deluxe Edition upgrade for $4.99, featuring four alternate skins for each Turtle (Mirage, Nostalgia, Owari Masks and Red Masks), alongside an in-game digital art book and an in-game browsable soundtrack.

To learn more, follow Teenage Mutant Ninja Turtles: Empire City on Discord, X, TikTok, Instagram and Facebook.

PRESS KIT

Press kit for Teenage Mutant Ninja Turtles: Empire City can be found here: https://bit.ly/3GMgdqP

CONTACT:

Press Contact: Jim Squires, press@beyondframes.com
Beyond Frames Publishing: Maeva Sponbergs, Head of Publishing, hello@beyondframes.com, +46 8 50235808

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/beyond-frames/r/teenage-mutant-ninja-turtles–empire-city-out-now-on-meta-quest–pico–and-steam-vr,c4342105

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SOURCE Beyond Frames

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