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- Duiba Group Founder Gifts 11.21% Stake to Employee Incentive Platform in Record-High Founders-to-ESOP Transfer by Share of Capital in Hong Kong Market HistoryHONG KONG, Sept 21, 2026 - Duiba Group Limited (Stock Code: 01753.HK), the Hong Kong-listed operator that has become one of China's fastest-scaling AI short-drama platforms, announced that its controlling shareholder, Xiaoliang Holding Limited, has agreed to transfer 120,682,000 ordinary shares — approximately 11.21% of issued share capital — for nil consideration to Kewei Holding Limited, the Company's employee share award platform. The transfer, executed on 20 September 2026, is understood to be the largest founder-to-ESOP donation by percentage of share capital in the history of the Hong Kong stock market. It is not a disposal for cash. No shares are being sold into the market; all of them are being placed into a vehicle whose sole economic purpose is to reward and retain employees. Crucially, the arrangement is being funded entirely from the founder's personal shareholding. It involves no issuance of new shares and therefore no dilution to existing shareholders, and it consumes no company capital — no cash, no treasury reserves, no debt. The 120,682,000 shares are being transferred at nil consideration from the founder's own account to the employee incentive platform, meaning the cost of motivating and retaining the core team is borne by the founder, not by public investors or the Company's balance sheet. Six months of exponential growth The transfer comes as Duiba's AI short-drama business enters a phase of compounding growth. On Douyin's native end, cumulative playback from June to August rose 178%. In July and August, Duiba ranked top three across the entire industry for two consecutive months, and was the only leading player to sustain month-on-month growth above 50% in both months. Seven years, zero founder selling Duiba listed on the Main Board of The Stock Exchange of Hong Kong on 7 May 2019. According to HKEX disclosure records, Mr. Chen Xiaoliang, the founder and controlling shareholder, voluntarily extended the post-IPO lock-up to three years at the time of listing and, from the IPO through the date of the transfer, has never reduced his personal beneficial shareholding. The 20 September arrangement is therefore the first change in the founder's ownership structure in the seven years since listing — and its direction is unambiguously inward. "This is the clearest possible signal that the controlling shareholder is backing the next chapter of the business rather than exiting it," a Company spokesperson said. "The shares go to an ESOP vehicle, not to the market." After completion, Xiaoliang Holding will remain the controlling shareholder with approximately 31.01%, down from 42.21%. Kewei Holding, which currently holds only 0.17%, will hold approximately 11.38%. A war chest for AI talent Kewei Holding has undertaken to introduce new incentive schemes with vesting and lock-up arrangements under the Company's equity incentive management measures. The stated focus is AI businesses, with AI short drama at the centre. Existing and future awards will be subject to service and performance conditions, aligning key employees with long-term shareholder value. The timing is deliberate. The AI short-drama sector is expanding rapidly, but hits remain scarce: fewer than 0.5% of new AI short dramas on Douyin surpass 100 million views. In that environment, the constraint on growth is not capital — it is the ability to retain writers, algorithm engineers, producers and commercialisation talent capable of turning AI tooling into repeatable hits. By moving roughly 11% of the Company into a locked-up, performance-vested incentive pool, Duiba is, in effect, converting founder ownership into collective engineering and creative capacity. The AI bet is already compounding Duiba was founded in 2014, is headquartered in Hangzhou and listed on HKEX in May 2019. It built its early business on points-and-benefits SaaS and internet advertising, serving more than 16,000 enterprise clients. In late 2025 it moved strategically into AI short drama, building a full-stack pipeline spanning AI scriptwriting, AI production and AI distribution — what the Company describes as the industrialised, scaled monetisation of AI-generated content. Financials: revenue and gross profit rising in tandem The Company's 2026 interim results show that the growth is reaching the income statement, not merely the traffic ledger. For the six months ended 30 June 2026: Metric 1H2026 Change Total revenue RMB 434.7 million +24.3% YoY Gross profit RMB 74.5 million +30.0% YoY Gross margin 17.1% 16.4% (1H2025) Loss attributable to owners RMB 25.3 million narrowed AI short-drama revenue RMB 222.6 million 51.2% of group revenue The Group's traditional SaaS and advertising operations contributed nearly RMB 70 million of gross profit in the first half and are expected to continue providing earnings support, while AI short drama has become the dominant revenue driver. Asset quality also appears intact. The Company reported net assets of RMB 1.175 billion, cash and short-term wealth management products of approximately RMB 400 million, and prepayments of RMB 345 million, largely related to the bank instant-discount business and recyclable into working capital. Why the transfer matters now Three things make the move more than a symbolic gesture. First, it is structurally a gift, not a sale. The nil-consideration transfer means the founder receives no cash. For a controlling shareholder who has not sold a single share in seven years, the decision moves equity from a personal account to a collective one. Second, it arrives at a moment of operational inflection. Douyin rankings, view-count trajectories and the first-half revenue split all point in the same direction: AI short drama has become the core business, and locking talent into it via vesting and lock-ups addresses the binding constraint on its next phase. Third, it creates a credible incentive currency. An ESOP pool of roughly 11.38% is large enough to be material for hires and retention, yet structured with vesting and lock-ups that prevent it from becoming a short-term payout. The road ahead: overseas expansion and the short drama alliance business Duiba's second-half outlook rests on two tracks: AI short-drama expansion and a stable SaaS and advertising base. On the global front, the Company is accelerating its overseas push into a market it estimates at US$4 billion in 2026, up 390% year on year, with management expecting overseas operations to begin contributing revenue in the fourth quarter. Domestically, it is pursuing a strategy of the short drama alliance business,expanding to tens of thousands of app media clients via SDK access. Its distribution footprint extends beyond Toutiao and Hongguo to Tencent, Kuaishou, Baidu and more than 20 mid-tier platforms. This is not a founder exit. It is a founder-to-employee capital allocation: a seven-year holder converting personal ownership into collective incentive capacity at precisely the moment Duiba's AI short-drama business is compounding on both the view-count and income-statement lines.
- Press Release NewsEnduraData Awarded U.S. Army Contract for High-Performance Enterprise Linux File ReplicationEnduraData, Inc., a leading provider of enterprise cross-platform data synchronization and real-time file replication solutions, today announced that its signature software platform, EDpCloud, has been selected by the U.S. Army to drive its enterprise-wide Linux file replication and digital records synchronization infrastructure.To view an enhanced version of this graphic, please...
- Bloomsbury MoneyBloomsbury Money Group appoints ex-SAP engineer as CTO to head global banking platformCompanies: SAPBloomsbury Money Group today announced the appointment of Thomas Holst as Chief Technology Officer. Holst joins from SAP's health technology ecosystem, and brings more than a decade of experience building data-intensive,...
- Direct Drive Tech Limited, The Robotics Technology Company with Direct Drive Technology as Core Capability, Announces its Plan to List on the Main Board of the Hong Kong Stock Exchange, Offer Price of HK$21.60 per ShareHONG KONG, Sept 21, 2026 - Direct Drive Tech Limited (the “Company”, stock code: 06731) announces its Global Offering and the listing of Shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”). According to the listing documents, Direct Drive Tech Limited is a robotics technology company with direct drive technology as company’s core capability. Company primarily engage in the sales of robotic actuator modules, and to a lesser extent, robots, in China. Company operate in (i) PRC consumer robotic actuator module industry, a sub-segment representing 26.3% of PRC robotic actuator module industry and (ii) PRC wheel-legged and PRC dual-wheel-legged robot industry in China, sub-segments representing less than 1.0% of the PRC robot industry. Company serve subsegments of the PRC robotic actuator module industry and PRC robot industry, specifically (i) PRC consumer robotic actuator module industry and (ii) PRC wheel-legged robot industry. From company’s inception to June 30, 2026, company’s robotics technology has empowered over 7.5million robots across consumer, industrial and commercial application scenarios, as well as embodied intelligence robots. Direct Drive Tech Limited plans to offer an aggregate of 50,000,000 Shares (subject to the Over-allotment Option) under the Global Offering, of which 47,500,000 Shares (subject to reallocation and the Over-allotment Option) will be offered by way of International Offering, and 2,500,000 Shares (subject to reallocation) will be offered in the Hong Kong Public Offering. The Offer Price will be HK$21.60 per Offer Share, with the board lot size of 100 shares. The Hong Kong Public Offering commenced on Monday, 21 September 2026 and is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Thursday, 24 September 2026. Dealings in H Shares on the Stock Exchange are expected to commence on Tuesday, 29 September 2026. Direct Drive estimates that company will receive net proceeds from the Global Offering of approximately HK$982.5 million, after deducting underwriting commissions, fees and estimated expenses payable by us in connection with the Global Offering, assuming the Over-allotment Option is not exercised and an Offer Price of HK$21.60 per Offer Share. The company intend to use the net proceeds of the Global Offering for the following purposes: approximately 50.0%, or HK$491.3 million, will be used to enhance R&D capabilities in key robotics technologies; approximately 20.0%, or HK$196.5 million, will be used to deepen collaboration with industry partners and broaden sales network; approximately 20.0%, or HK$196.5 million, will be used for improving production capability and efficiency; approximately 10.0%, or HK$98.3 million, will be used for working capital and general corporate purposes. The Company has successfully procured HK Technology Innovation and JSC International (for and on behalf of Shenghai SP) as cornerstone investors, the Cornerstone Investors have agreed to, subject to certain conditions, subscribe, or cause their designated entities to subscribe, at the Offer Price, for such number of Offer Shares (rounded down to the nearest whole board lot of 100 H Shares) that may be purchased for an aggregate amount of approximately HK$472.0 million (the “Cornerstone Placing”). CITIC Securities (Hong Kong) Limited is the sole sponsor. CLSA Limited serves as sponsor and Overall Coordinator. The joint global coordinators, joint bookrunners, joint lead managers and capital markets intermediaries comprise CLSA Limited, China Harbour International Securities Limited, CMB International Capital Limited and Futu Securities International (Hong Kong) Limited. Neutral Financial Holding Company Limited as an additional joint bookrunner, joint lead manager and capital markets intermediary. About Direct Drive Tech Limited Direct Drive Tech Limited was established in 2020 and is a "little giant" enterprises. As a Globally Leading Robotics Technology Company With direct drive technology as core capability, Adhering to the corporate mission of "bringing robots into every household", Direct Drive Tech is committed to making robots more efficient, dexterous and intelligent. The company currently boasts a team of over 400 members, including several Ph.D. holders and dozens of master's degree holders, with over 40% being R&D personnel, The Company has formed three major robot technology platforms: (1) The robotic actuator module technology platform; (2) The wheel-legged robot technology platform; (3) The modular reconfiguration technology platform.
- 大行评级丨杰富瑞：将微软定位为端到端企业AI赢家，维持“买入”评级杰富瑞发表研报指，目前视M365Cloud为微软最被低估的变现杠杆，虽然SaaS情绪受压，拖累软件股表现，但预期M365仍有望受惠于整合及以用量为基础的ARPU增长，或迎来拐点。该行将微软定位为端到端企业AI赢家，业务涵盖基建至应用层面，维持“买入”评级，目标价575美元。该行指，Azure的发展加速已被市场充分预期，投资者或因公司资本开支进取而看淡，认为AI成本上升属短期利润率风险，但仍相信微软...
- 01F Group01F Group Announces Investment in DANA, Indonesia's Leading Digital Financial Company, Reinforcing Long-Term Confidence in Asia's Fintech Opportunity01F Group through its growth-stage fintech private equity arm, 01Fintech, today announced its investment in DANA, Indonesia's leading digital financial platform. The investment reflects 01F Group's commitment to supporting resilient, locally...
- Scalare PartnersScalare Partners Invests in Auric as AI Scent Technology Company Establishes Scent Lab at Tank Stream LabsScalare Partners Holdings Limited (ASX: SCP) ("Scalare" or "the Company") has invested in Auric, a Sydney-based technology company developing an AI-powered Scent Intelligence™ platform.Alongside the investment, Auric has established the Auric Scent Lab at Tank Stream Labs' Merchant House location at 333 Kent Street, Sydney. The dedicated facility will enable Auric to scale production, demonstrate its Aromasphere technology and accelerate...
- Qfin Holdings Announces Changes in Management and Board CompositionQfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qfin Holdings” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced changes in its senior management and the composition of its board of directors (the “Board”). In light of the growth and potential of the Company’s international business and its long-term strategic development, Mr. Haisheng Wu, the chief executive officer and a director of the Company, intends to focus more of his time on the development of the Company’s international business. In order to dedicate his attention to this area, Mr. Wu will step down as the chief executive officer and a director of the Company and will cease to be a member of the compensation committee of the Board.
- Wealthcraft Capital and XLabs Complete Due Diligence, Move to Finalize Share Exchange Including Patent AssetsWealthcraft Capital, Inc. (OTC: WCCP) and XLabs Inc. announced that all due diligence in connection with their proposed share exchange has been completed. The companies are now moving to finalize the definitive share exchange documentation and complete the transaction as soon as practicable. The proposed transaction includes XLabs' patent assets and related intellectual property as part of the XLabs business being acquired. Upon closing, XLabs will become a wholly owned subsidiary of Wealthcraft Capital, with those assets held through XLabs. With due diligence complete, the parties' focus is on completing the final transaction documents and remaining closing requirements. Both companies are prioritizing these steps to advance the share exchange to closing without unnecessary delay Completion remains subject to finalization and execution of the definitive agreements, required approvals and satisfaction or waiver of applicable closing conditions. No definitive closing date has been established, and there can be no assurance that the transaction will close within any particular timeframe or at all. About WealthCraft Capital, Inc. WealthCraft Capital, Inc. (OTC: WCCP) is a Las Vegas, Nevada-based publicly traded holding company that acquires and develops controlling interests in operating businesses and strategic intellectual-property assets. Following the transactions contemplated by the binding LOI with XLabs and the pending rebrand to War Labs Defense Technologies, Inc., the Company is being positioned as a U.S. defense technology platform focused on non-lethal and lethal defense systems and counter-UAS munitions for law enforcement, military, homeland security, correctional, and allied government end users. Additional information about the Company is available on the OTC Markets website at https://www.otcmarkets.com/stock/WCCP. About War Labs War Labs Defense Technologies is the pending rebranded name of the Company's operating platform, being built around a portfolio of proprietary, patent-protected non-lethal and lethal defense systems and counter-UAS munitions. War Labs' mission is to deliver proportional, accountable, and interoperable use-of-force technologies to law enforcement, military, homeland security, correctional, and allied government end users - engineered to integrate with the launcher, weapon, and command-and-control platforms already in the field. Forward-Looking Statements and Securities Disclosures This release contains forward-looking statements regarding the proposed share exchange, the inclusion of patent assets and related intellectual property, the anticipated ownership of XLabs following closing, the timing and completion of the transaction, the pending corporate rebrand, and the Company's anticipated business strategy and technology platform. Words such as "expects," "intends," "plans," "anticipates," "believes," "may," "will," and similar expressions identify forward-looking statements, although not all forward-looking statements contain these words. These statements reflect current expectations and assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. These include the ability to finalize and execute definitive agreements, obtain required approvals and satisfy closing conditions; the availability of capital; the ability to protect and enforce intellectual property; the success of product development, testing and qualification; applicable licensing and export-control requirements; market and customer acceptance; competition; and changes in business, economic or industry conditions. Completion of due diligence does not assure that the share exchange will close. Readers should not place undue reliance on these statements. Except as required by applicable law, the companies undertake no obligation to update forward-looking statements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, and no securities may be offered or sold in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Any offering of securities by the Company will be made only pursuant to definitive offering documents and in compliance with applicable federal and state securities laws, and only to eligible investors in transactions exempt from, or registered under, the Securities Act of 1933, as amended. Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved any securities in connection with the proposed transaction or passed upon the merits of the transaction or the accuracy or adequacy of this release. This announcement does not represent that any regulatory approval has been obtained. Media Contact Details Investor Relations WealthCraft Capital, Inc. Send Email (702) 323-6704
- Crypto News: New Crypto Remittix Advances Its PayFi Platform as Solana Price Prediction Targets $1,000Remittix reports continued progress across its crypto-to-bank payment network, live trading platform and wider product ecosystem as long-term Solana forecasts return to market discussion
- SiembaSiemba Automates IDOR Detection Across Live APIsBroken object level authorization, the access-control flaw behind a large share of real-world API data breaches, is now tested automatically across every endpoint in a customer's API collection. Siemba reads the actual API response to confirm each finding, and returns reproduction steps a...
- Silly Nice and stupidDOPE Launch “THE RECORD,” a Cannabis Justice Editorial Campaign Built to Move From Screens to the Streets of New York CityNew York cannabis brand Silly Nice and independent media platform stupidDOPE are using data, journalism and provocative public-facing creative to confront the continuing human consequences of cannabis prohibition.