Technology

Lottery.com Announces Global Expansion with Launch of Sports.com Super App для Sports Fans Worldwide

Lottery.com plans to launch the Sports.com Super App, integrating live streaming and gaming for sports fans globally. Quiver AI Summary Lottery.com Inc. announced its plans to launch the Sports.com Super App, a groundbreaking digital platform for sports fans, scheduled for select global markets in Q3 2025. This innovative app aims to integrate live streaming, social […]

Published

1 month ago

June 27, 2025

Your Sports Nation

Lottery.com plans to launch the Sports.com Super App, integrating live streaming and gaming for sports fans globally.

Quiver AI Summary

Lottery.com Inc. announced its plans to launch the Sports.com Super App, a groundbreaking digital platform for sports fans, scheduled for select global markets in Q3 2025. This innovative app aims to integrate live streaming, social engagement, e-commerce, and gamification into one ecosystem, initially focusing on soccer and motorsports. The company is pursuing this goal by acquiring a 51% controlling interest in Galaxy Racer Holdings Limited’s sports and technology assets for $10 million, with an initial investment of $5.1 million funded through cash or stock. The Super App will feature community chat hubs, e-commerce, real-money gaming, and sports news, and aims to enhance the overall fan experience. With plans for future expansion into additional sports and immersive streaming, Lottery.com is also securing a $15 million financing commitment to support this venture.

Potential Positives

Lottery.com is set to launch the Sports.com Super App, a first-of-its-kind digital platform for sports fans, enhancing its global expansion strategy.
The Super App is designed to integrate multiple features like live streaming and e-commerce, which could significantly increase user engagement and revenue streams.
The company has signed a Letter of Intent to acquire a 51% controlling interest in Galaxy Racer Holdings Limited, facilitating rapid technology and user base integration into its platform.
A $15 million financing commitment has been pledged to support the expansion of the Super App, indicating strong investor confidence in the project.

Potential Negatives

The press release expresses uncertainty around several risks and uncertainties that could significantly impact the company’s future operations, including the potential for ongoing reviews of internal accounting controls and inquiries by Nasdaq.
The need to secure additional capital resources and ongoing concerns related to maintaining compliance with Nasdaq Listing Rules raise questions about the company’s financial stability and operational viability.
The company’s future prospects are described as highly dependent on various external factors which it cannot control, indicating a potentially precarious situation for investors.

FAQ

What is the Sports.com Super App?

The Sports.com Super App is a digital platform designed for sports fans, integrating live streaming, social engagement, e-commerce, and gamification.

When will the Super App be launched?

The Sports.com Super App is scheduled to launch in select global markets in Q3 2025.

What sports will the Super App focus on initially?

The Super App will initially focus on soccer and motorsport, reflecting Sports.com’s recent strategic expansions.

Who is involved in the development of the Super App?

Lottery.com is acquiring a 51% interest in Galaxy Racer Holdings, which developed the foundational technology for the Super App.

What features will the Super App include?

The Super App will feature live streaming, community chat, stats-based social media, e-commerce, real-money gaming, and sports news.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$LTRY Insider Trading Activity

$LTRY insiders have traded $LTRY stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $LTRY stock by insiders over the last 6 months:

CHRISTOPHER ANDERSON GOODING sold 40,000 shares for an estimated $55,599
ROBERT J STUBBLEFIELD (Chief Financial Officer) has made 0 purchases and 5 sales selling 35,000 shares for an estimated $48,620.
MATTHEW HOWARD MCGAHAN sold 115,000 shares for an estimated $40,250
GREGORY A POTTS (CHIEF OPERATING OFFICER) has made 0 purchases and 5 sales selling 25,000 shares for an estimated $37,000.

To track insider transactions, check out Quiver Quantitative’s insider trading dashboard.

$LTRY Hedge Fund Activity

We have seen 13 institutional investors add shares of $LTRY stock to their portfolio, and 8 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VANGUARD GROUP INC added 49,364 shares (+inf%) to their portfolio in Q1 2025, for an estimated $43,933
GEODE CAPITAL MANAGEMENT, LLC added 40,786 shares (+173.4%) to their portfolio in Q1 2025, for an estimated $36,299
CITADEL ADVISORS LLC removed 29,297 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $26,074
XTX TOPCO LTD removed 27,887 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $24,819
SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 20,231 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $18,005
PFG INVESTMENTS, LLC added 20,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $17,800
VIRTU FINANCIAL LLC removed 19,796 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $17,618

To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard.

Full Release

FORT WORTH, Texas, June 26, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or “the Company”), a leading technology company transforming the intersection of gaming, sports and entertainment, today announced it is advancing its global expansion with the planned launch of the Sports.com Super App (the “Super App”)—a first-of-its-kind digital destination for sports fans worldwide. The Super App is designed to combine live streaming, social engagement, e-commerce and gamification into a single immersive ecosystem.

The Super App, which is scheduled to launch in select global markets in Q3 2025, will initially focus on soccer and motorsport—two verticals Sports.com has been aggressively expanding into through a series of high-profile sponsorships and strategic initiatives. The Super App will be built on an existing platform development by Galaxy Racer Holdings Limited (“GXR”), The GXR app has achieved more than one million monthly active subscribers organically, demonstrating significant early traction and category-defining potential.

“We’ve spent the past two years building Sports.com around key pillars like soccer and motorsport,”

said Mark Bircham, Director of Sports.com

. “This acquisition and the launch of the Sports.com Super App is the culmination of a precise strategy to consolidate fragmented sports experiences. Our partnerships with emerging motorsport stars like Callum Ilott, Louis Foster, and Sebastian Murray, along with this technology acquisition sets the stage for an aggressive media expansion that will redefine how fans watch, play and engage

with their favorite leagues, teams, and players

.”

The Super App will integrate six primary features into a single experience: live streaming, community chat hubs, stats-based social media, e-commerce, real-money and fantasy sports gaming, and sports news. The Super App aims to engage fans across the full lifecycle of the sports experience, tapping into the 4–5 hours of average fan interaction beyond match time each week.

Revenue streams will include premium streaming subscriptions, in-app advertising, merchandising and interactive gamified challenges. Plans are underway to extend into additional sports verticals and incorporate immersive streaming experiences later this year.

To accelerate the development timeline for the Super App, Lottery.com has signed a Letter of Intent (LOI) to acquire a 51% controlling interest in the sports and technology assets of GXR, valuing the transaction at $10 million pre-money. Subject to due diligence and final agreement, the deal allows Lottery.com to fund the $5.1 million initial investment via cash, stock, or a combination at a fixed $3.00 share price. A $15 million financing commitment has also been pledged by Lottery.com to fuel expansion of the Sports.com Super App.

All GXR unencumbered assets, including its tech stack and user base, will be transferred to a new entity (NewCo), of which Lottery.com will initially own 51%. The agreement includes a call option to acquire 100% ownership of NewCo by the end of 2027. Exclusivity has been secured through June 30, 2025, with an automatic 30-day extension, and closing is anticipated on or before August 1, 2025.

“This is a transformational moment for the worldwide sports media ecosystem,”

said Paul Roy, Founder and CEO of GXR

. “Together with Lottery.com and Sports.com, we are developing the world’s first true sports super app. As global licensing discussions advance, and integration with the Lottery.com family of brands begins, we see a future where fans control their entire live event experience—on the Super App, across all screens, in every corner of the globe.”

About Lottery.com

The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on

X

,

Instagram

and

Facebook

.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, expectations related to the investigation of short selling or potential naked short selling, including the Company’s analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; any future findings from ongoing review of the Company’s internal accounting controls; additional examination of the preliminary conclusions of such review; the Company’s ability to secure additional capital resources; the Company’s ability to continue as a going concern; the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq; the Company’s ability to regain compliance with the Bid Price Requirement; the Company’s ability to regain compliance with Nasdaq Listing Rules; the Company’s ability to become current with its SEC reports; and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.

This press release was published by a CLEAR® Verified individual.

This article was originally published on Quiver News, read the full story.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Technology

Horaa Esports to play Survival Stage in PMWC Esports 2025

Nepali PUBG team Horaa Esports will now compete in the Survival Stage of the ongoing PUBG Mobile World Cup under the Esports World Cup in Saudi Arabia. In the league stage matches held from Friday to Sunday, Horaa Esports finished 13th overall and failed to directly qualify for the Grand Finals. A total of 24 […]

Published

7 minutes ago

July 28, 2025

Your Sports Nation

Nepali PUBG team Horaa Esports will now compete in the Survival Stage of the ongoing PUBG Mobile World Cup under the Esports World Cup in Saudi Arabia.

In the league stage matches held from Friday to Sunday, Horaa Esports finished 13th overall and failed to directly qualify for the Grand Finals.

A total of 24 top teams from around the world played in the league stage. The top 8 teams have directly advanced to the Grand Finals.

Horaa Esports earned 70 points and finished in 13th place. The remaining 16 teams, who didn’t make it into the top 8, will get another chance to qualify through the Survival Stage.

These 16 teams will play in the Survival Stage, and the top 8 from that round will also advance to the Grand Finals. A total of 16 teams will compete in the Grand Finals.

The Survival Stage matches will be held on July 29 and 30.

The total prize pool for PUBG Mobile is $3 million, with the winner receiving $500,000.

Highlight it and press Ctrl + Enter.

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Technology

Tata Consultancy Stocks Dive After 12,000 Job Cut Announcement

The stock price of Tata Consultancy Services (TCS) fell by almost 2 percent, following the announcement of recent job cuts affecting 12,261 employees. This reduction in workforce is part of the company’s plan to decrease its employee count by 12,261 people in the current financial year 2026. When a company announces job cuts, investors often […]

Published

1 hour ago

July 28, 2025

Your Sports Nation

The stock price of Tata Consultancy Services (TCS) fell by almost 2 percent, following the announcement of recent job cuts affecting 12,261 employees.

This reduction in workforce is part of the company’s plan to decrease its employee count by 12,261 people in the current financial year 2026.

When a company announces job cuts, investors often become concerned about its future, which can lead them to sell shares and cause a price drop. These job cuts primarily impact middle and senior managers.

ALSO READ: TCS Layoffs: India’s Top IT Firm To Cut 12,000 Jobs In 2025; CEO Cites Move To AI-Driven Operations

The company intends to reduce staff mainly in roles such as middle and senior management. Junior or entry-level staff are not as significantly affected.

The Nifty IT Index, which tracks technology companies, also declined by over 1 percent.

Given TCS’s significant market presence, its stock decline also led to a fall in the stocks of other companies, contributing to an overall drop of more than 1 percent for the IT sector.

TCS shares have been performing poorly, down 10 percent in one month and over 30 percent in one year. This indicates a consistent downward trend in its market value.

ALSO READ: Big Financial Changes From August 1: From New Limits In UPI To Revision In LPG Price | All You Need To Know

The company states that the job cuts are being implemented to make the organization more “future-ready” and with a greater focus on AI.

TCS also clarified that the job cuts were due to a skills mismatch among employees, not because fewer people were needed overall. Despite facing criticism for this move, TCS still plans to hire and train only skilled individuals.

Before these job cuts, TCS introduced a new policy requiring employees to work at least 225 days a year on projects and limit their “on the bench time” (time without a proper project) to less than 35 days annually. This policy aims to ensure employees remain productive and consistently engaged in work.

More and more employees are leaving TCS, as the attrition rate has risen to 13.8 percent. A high attrition rate can be a concern for the company, as it leads to the loss of experienced talent.

ALSO READ: Big Financial Changes From August 1: From New Limits In UPI To Revision In LPG Price | All You Need To Know

TCS reported a profit increase of 4.38 percent in the last quarter. Although their revenue decreased slightly, they managed to be more efficient with their money, leading to increased profitability despite earning a little less overall.

TCS also declared an interim dividend of Rs 11 per share for its shareholders, coinciding with its rising profits.

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Technology

Metaverse in Gaming Market to Soar to $1,620.4 Billion by 2034,

Metaverse in Gaming Market Market Overview Metaverse in Gaming Market represents a revolutionary shift in how we interact with digital entertainment. Fueled by immersive technologies like virtual reality (VR), augmented reality (AR), and blockchain, this market has evolved into a multi-dimensional, interactive ecosystem where players are more than just users-they’re active participants in a digital […]

Published

1 hour ago

July 28, 2025

Your Sports Nation

Metaverse in Gaming Market

Market Overview

Metaverse in Gaming Market represents a revolutionary shift in how we interact with digital entertainment. Fueled by immersive technologies like virtual reality (VR), augmented reality (AR), and blockchain, this market has evolved into a multi-dimensional, interactive ecosystem where players are more than just users-they’re active participants in a digital universe. Whether through social gaming or role-playing adventures, gamers are now engaging in virtual worlds that blend reality and fantasy, creating a vibrant, ever-evolving digital economy.

Click to Request a Sample of this Report for Additional Market Insights: https://www.globalinsightservices.com/request-sample/?id=GIS25181

Market Size, Share & Demand Analysis

The Metaverse in Gaming Market is projected to skyrocket from $55.3 billion in 2024 to a staggering $1,620.4 billion by 2034, growing at a blistering CAGR of 40.2%. As of 2024, there are over 300 million active users, with this figure expected to surpass 500 million by 2028. Virtual reality gaming currently holds the lion’s share at 45%, followed by AR at 30% and mixed reality at 25%. The increasing demand for deeper, personalized gaming experiences is driving this exponential growth, supported by the mass adoption of high-end gaming hardware and cloud-based infrastructure.

Market Dynamics

Several powerful forces are at play in shaping the Metaverse in Gaming Market. Technological innovation remains the primary driver-VR headsets, haptic devices, and AR glasses are making gaming intensely immersive. Blockchain is decentralizing game economies, enabling players to own, trade, and monetize digital assets through NFTs. Another major factor is the social component of metaverse games. As users seek connection and community, social gaming environments offer spaces to collaborate, compete, and create user-generated content.

However, the market is not without challenges. High development costs, data privacy concerns, and environmental impact due to energy-intensive infrastructure pose barriers. Regulatory uncertainty across regions also complicates expansion. Nonetheless, the rewards for overcoming these challenges are vast, making this one of the most enticing sectors in the tech world.

Key Players Analysis

The Metaverse in Gaming Market is populated by both tech giants and innovative startups. Key players like Meta Platforms, Inc., Epic Games, and Roblox Corporation are leading with unique strategies. Meta emphasizes social integration within its VR platforms. Epic Games leverages its cross-platform gaming capabilities, particularly through Fortnite, to engage a massive user base. Roblox, on the other hand, thrives on user-generated content and community engagement.

Emerging players such as Dreamscape Interactive, Holo Craft Studios, and Voxel Ventures are also gaining ground by pushing creative boundaries. These companies focus on niche aspects like interactive storytelling, education in virtual worlds, and gamified social platforms, carving out specialized spaces in the broader ecosystem.

Browse Full Report : https://www.globalinsightservices.com/reports/metaverse-in-gaming-market/

Regional Analysis

Geographically, North America dominates the Metaverse in Gaming Market, particularly the United States, which benefits from a strong tech base and high gamer spending. Europe trails closely behind, with countries like Germany and the UK embracing immersive gaming experiences.

Asia-Pacific, however, is emerging as the most dynamic region, thanks to the widespread use of smartphones, a booming esports culture, and heavy investments in tech infrastructure. Nations like China, Japan, and South Korea are major contributors to this surge. Meanwhile, Latin America and the Middle East are catching up quickly, supported by improved internet access and rising digital literacy.

Technology

2025-2034 Generative Artificial Intelligence (AI) in Sports

Generative Artificial Intelligence (AI) in Sports Market Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Generative Artificial Intelligence (AI) in Sports Market Through 2025? The market size for generative artificial intelligence (AI) in […]

Published

3 hours ago

July 28, 2025

Your Sports Nation

Generative Artificial Intelligence (AI) in Sports Market

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Generative Artificial Intelligence (AI) in Sports Market Through 2025?

The market size for generative artificial intelligence (AI) in sports has experienced rapid expansion in the past few years. There is expected growth from $0.22 billion in 2024 to $0.28 billion in 2025, with a compound annual growth rate (CAGR) pegged at 30.5%. Factors such as expansion of data centers, increased use of cloud gaming services, advancements in autonomous vehicles and ADAS, growth of edge computing and IoT, and the rise of blockchain and cryptocurrency have all contributed to this historic growth.

What’s the Projected Size of the Global Generative Artificial Intelligence (AI) in Sports Market by 2029?

The market size of generative artificial intelligence (AI) in sports is projected to experience a huge growth spurt in the upcoming years, reaching $0.73 billion in 2029 with a compound annual growth rate (CAGR) of 26.6%. This surge during the forecasted period can be credited to advancements in computer vision, tailored training programs, real-time decision support, enhanced fan experiences, and international sports events. The forthcoming period is expected to witness trends such as merging with emerging technologies, advancements in wearable technology, opportunistic sponsorship and revenue, injury prevention and rehabilitation, and integration of wearable technology.

View the full report here:

https://www.thebusinessresearchcompany.com/report/generative-artificial-intelligence-ai-in-sports-global-market-report

Top Growth Drivers in the Generative Artificial Intelligence (AI) in Sports Industry: What’s Accelerating the Market?

The surge in sports-related injuries is anticipated to invigorate the generative artificial intelligence (AI) adoption within the sports industry. In the context of sport, injury refers to any harm inflicted during physical endeavor or field activities. In the pursuit of mitigating such incidents, generative AI aids in fabricating lifelike practice scenarios which assist athletes to hone their skills and discern potential risk factors in a protected, managed setting. For instance, in 2023, the National Safety Council, an American non-profit entity championing wellness and safe practices, substantiated that the count of injuries associated with sports and recreation activities saw an 11% upsurge from 3,231,885 in 2021 to 3,631,970 in 2022. Consequently, the escalation in the occurrence of sports injuries is lending impetus to the growth of generative AI within the sports industry.

Get your free sample here:

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What Trends Will Shape the Generative Artificial Intelligence (AI) in Sports Market Through 2029 and Beyond?

Leading firms in the generative artificial intelligence (AI) sports industry are strategizing collaborations to create and deliver digital products and services for a competitive advantage in the market. These collaborations are typically either formal or informal agreements between multiple parties to achieve a common goal while preserving their respective autonomy. For instance, Globant, an American company specializing in software development, partnered with LaLiga Tech, a company hailing from Spain that offers digital solutions for sports and entertainment, alongside Microsoft in August 2023. This collaboration aims to merge sports industry knowledge with IT expertise, capitalizing on emerging technologies such as AI and blockchain. Their joint venture’s goal is to augment the existing sports data and enrich the fan experience for millions around the globe. Microsoft, a major US technology corporation, provides generative AI platforms for diverse industries.

What Are the Main Segments in the Generative Artificial Intelligence (AI) in Sports Market?

The generative artificial intelligence (AI) in sports market covered in this report is segmented –

1) By Sports Type: Football, Tennis, Cricket, Basketball, Hockey, Golf, Other Sports

2) By Deployment: On-Premises, Cloud-Based

3) By Application: Performance Analysis, Game Strategies, Sports Equipment Design, Other Applications

Subsegments:

1) By Football: Player Performance Analysis, Match Strategy Optimization

2) By Tennis: Player Training Simulations, Match Prediction Models

3) By Cricket: Game Analysis Tools, Player Statistics And Insights

4) By Basketball: Shot Selection Analysis, Injury Prediction Models

5) By Hockey: Player Performance Tracking, Game Strategy Development

6) By Golf: Swing Analysis Tools, Course Management Simulations

7) By Other Sports: Multi-Sport Analytics Platforms, Custom Ai Applications For Niche Sports

Tailor your insights and customize the full report here:

https://www.thebusinessresearchcompany.com/customise?id=13665&type=smp

Which Top Companies are Driving Growth in the Generative Artificial Intelligence (AI) in Sports Market?

Major companies operating in the generative artificial intelligence (AI) in sports market report are Google LLC, Amazon Web Services (AWS), Intel Corporation, International Business Machines Corporation, NVIDIA Corporation, Baidu Inc., Zebra Technologies Corporation, Stats Perform Group LLC, Tempus Ex, GumGum Inc., Noah Basketball LLC, Catapult Sports, Genius Sports, PlaySight Interactive Ltd., ChyronHego Corporation, Whistle Sports Inc., Sportlogiq Inc., SportsMEDIA Technology, Hawk-Eye Innovations Ltd., Opendorse, Inc., Spiideo AB, Beyond Sports, ShotTracker, Kinduct Technologies Inc., MVP Interactive, Inc., Perform Group Ltd., Second Spectrum Inc., PlayGineering Systems

Which Regions Will Dominate the Generative Artificial Intelligence (AI) in Sports Market Through 2029?

North America was the largest region in the generative artificial intelligence (AI) in sports market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative artificial intelligence (AI) in sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Technology

HKSTP Takes Nine Game-Changing AI Tech Ventures to WAIC 2025 to Advance China’s AI Plus Vision in Transforming Business and Industry

Published

12 hours ago

July 27, 2025

Your Sports Nation

HONG KONG SAR / SHANGHAI, CHINA – Media OutReach Newswire – 27 July 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) is embarking on a mission to advance China’s AI Plus vision with nine Hong Kong AI park companies at the World AI Conference & High-Level Meeting on Global AI Governance (WAIC) 2025, taking place from July 26-29 in Shanghai, China. In collaboration with the Hong Kong Trade Development Council and Cyberport, HKSTP is leveraging Hong Kong’s growing global AI innovation hub status to advance the China’s strategic AI initiative and applying AI and big data to transform old and new industry sectors to boost a new era of growth.

HKSTP is embarking on a mission to advance China’s AI Plus vision with nine Hong Kong AI park companies at the WAIC 2025.

Mr. Eric Or, Acting Chief Corporate Development Officer, HKSTP, said: “Hong Kong is a crucible for world-class AI innovation and our unique HKSTP ecosystem provides an ideal platform to empower AI tech firms with global fluency and pave the way for global expansion. By taking local tech companies on a global growth journey and attracting more international startups to land Hong Kong and integrating into the Mainland China or even the Asia markets means a growing critical mass of world-class AI innovators is created. This influx of global talent and technology will accelerate the country’s high-tech industry and economic development, further fueling the national drive for new quality productive forces.”

The nine park enterprises participating in the Hong Kong Pavilion cover technologies in life and health tech, fintech, entertainment, aerospace tech, digital education and more, highlights included:

Hong Kong Space Robotics and Energy Centre Limited (HKSRE) is an InnoHK R&D centre focuses on aerospace technology R&D to foster international collaboration for the Chang’e-8 mission. It brings together institutions from local and overseas to jointly develop the mission’s Hong Kong-operated robot-a multifunctional lunar surface operations and mobile charging system. Centre for Artificial Intelligence and Robotics (CAIR) Hong Kong Institute of Science & Innovation Chinese Academy of Sciences is another InnoHK R&D centre, showcases MicroNeuro, the world’s first flexible robotic system for minimally invasive neurosurgery to address challenges of fragile brain tissue and confined spaces, surpassing human surgical limits. Digital Domain, a global leader in Hollywood visual effects and AI virtual human technologies, showcases the AI-powered video creation solution “HANBAO” and “AI DOMAIN”, an all-in-one content creation platform, empowering creators to tailor high-quality short videos for online platforms. Digital Domain has set up its state-of-the-art R&D centre in Hong Kong, driving the innovative development among entertainment and cross-industry. In addition to the showcase of tech firms, HKSTP also hosted a provoking panel discussion at WAIC 2025, exploring the theme of: “From Hong Kong to global impact: Shaping the future with AI and New Quality Productive Forces for Cross-industry Growth”, moderated by Ms Pheona Kan, Director of Business Development at HKSTP with the fellow scientists and experts from the field.

The discussion highlighted how Hong Kong has a unique role in global AI development by uniting international talent and technology behind the city’s AI vision which also aligns with China’s vision to transform industry through quality productive forces.

As the largest I&T ecosystem in Hong Kong, HKSTP is home to over 500 AI startups, including home-grown unicorns that are shaping the future of artificial intelligence. In alignment with Hong Kong’s bold vision for technological leadership, the HKSTP San Tin Technopole Campus-a 20-hectare site within the soon-to-be-built San Tin Technopole-will serve as a critical catalyst for the city’s next wave of innovation. Strategically located in the heart of the Northern Metropolis, the Campus is poised to become a flagship landmark for AI+ and beyond, aiming to promote its widespread development and application across sectors.

This year, WAIC 2025, themed “Global Solidarity in the AI Era,” will bring together top scientists, global leaders, entrepreneurs, policymakers, and innovators in the AI ecosystem.

KSTP’s participation at WAIC 2025 is a testament to Hong Kong’s role as a bridge between Chinese and global innovators, fostering collaboration and exchange of ideas, technologies, and governance philosophies.

Appendix 1: List of park companies at Hong Kong Tech Pavilion

Centre for Artificial Intelligence and Robotics, Hong Kong Institute of Science & Innovation, Chinese Academy of Sciences (CAIR) ClusterTech Limited Digital Domain Hong Kong Centre for Cerebro-cardiovascular Health Engineering (COCHE) HK INBOT TECHNOLOGY LIMITED Hong Kong Space Robotics and Energy Centre Limited MattVerse Limited Metapool Technology Limited Ultipa Hong Kong Limited

Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.

About Hong Kong Science and Technology Parks Corporation Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,300 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at www.hkstp.org.

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Technology

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