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Alibaba Brings Cloud-Based AI Innovation to Milano Cortina 2026 Winter Olympics

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  • New AI and cloud technologies support smarter, faster, and more efficient Olympic broadcasting worldwide
  • Alibaba’s Qwen powers the first use of LLM technology at the Olympics and a next-generation Olympic archive

MILAN, ITALY – Media OutReach Newswire – 4 February 2026 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is partnering with Olympic Broadcasting Services (OBS) and the International Olympic Committee (IOC) to deploy advanced cloud and AI technologies for the Olympic and Paralympic Winter Games Milano Cortina 2026.

Building on deployments at Tokyo 2020, Beijing 2022, and Paris 2024, the collaboration marks another step in the IOC’s transition toward cloud-based, AI-enabled broadcasting. These technologies are designed to enhance viewing experience for global audiences, improve operational efficiency for broadcasters, and create new ways to capture, manage, and preserve Olympic content at scale.

Dr. Feifei Li, Senior Vice President of Alibaba Cloud Intelligence Group, President of International Business, said: “Each Olympic Games presents unique challenges in scale, geography, and complexity. For Milano Cortina 2026, we are applying cloud and AI capabilities to make broadcasts more dynamic, workflows more efficient, and Olympic moments more accessible to audiences around the world.”

Better Views: The New Instant Replay System
For Milano Cortina 2026, Alibaba Cloud is introducing upgraded Real-Time 360º Replay systems that deliverimmersive replays with fluid camera movement and stroboscopic visual effects. Powered by AI algorithm that separate athletes from complex backgrounds such as snow and ice, the system enables three-dimensional reconstructions of key moments in as little as 15-20 seconds—fast enough for live broadcast use.

The system will be deployed across 17 sports and disciplines, including ice hockey, freestyle skiing, figure skating, and ski jumping. In addition to the BulletTime effects first introduced at Beijing 2022 to provide frame-freeze and slow-motion views, the platform now features a new Spacetime Slices capability that visualizes multiple phases of an athlete’s movement in a single composite image, allowing viewers to better understand technique and performance.

Faster Processing and Enhanced Searchability: The New Media System
OBS is currently in the early development phase of the Automatic Media Description (AMD) System powered by Alibaba’s Qwen advanced large language model. The system automatically identifies athletes and key moments, generates event descriptions, and tags video assets within seconds, significantly reducing manual processing time.

Using natural-language queries, such as “find the figure skating gold medal performance,” the OBS teams can retrieve this information almost instantly. The system improves searchability, and enables OBS teams to more easily find, develop and distribute Olympic stories across platforms.

Cloud Broadcasting: A New Standard
Cloud-based broadcasting continues to expand at Milano Cortina 2026. Since its introduction at Tokyo 2020, OBS Live Cloud has evolved from an optional service to a core distribution platform. At the Paris 2024 Games, it became the primary method for remote broadcast delivery.

For Milano Cortina 2026, the Live Cloud platform will support 39 broadcasters, delivering 428 live video feeds, including 26 in ultra-high definition streams, along with 72 audio feeds. By replacing traditional satellite links and dedicated transmission lines, cloud-based delivery reduces cost, setup time, and technical complexity, while improving flexibility and resilience.

For the first time, the OBS Olympic Video Player (OVP) will deliver high-definition live streams using Alibaba Cloud’s infrastructure, enabling smaller broadcasters to access professional-grade broadcast capabilities without heavy upfront investment.

Yiannis Exarchos, CEO, Olympic Broadcasting Services, said “Alibaba Cloud provides the foundation that makes large-scale AI possible, making our operations more efficient and unlocking new opportunities to enhance viewers’ experience and deepen their understanding of the sport and athletes’ performances on the world’s biggest stage.”

More Digital Content Than Ever
Milano Cortina 2026 will also see the largest volume of ready-to-use digital assets in Olympic history. More than 5,000 short-form pieces, including behind-the-scenes footage, highlights, and emotional reactions, will be distributed through OBS Content+, a cloud-based platform powered by Alibaba Cloud.

The platform’s advanced discovery tool allows teams worldwide to locate, edit, and publish content efficiently, regardless of location.

First Use of LLM Technologies at the Olympics and Next-Generation Olympic Archive with Alibaba’s Qwen
For Milano Cortina 2026, the IOC has introduced its first large-language-model-based system in Olympic history, powered by Alibaba’s Qwen models. The initiative, known as “Olympic AI Assistants,” supports fan engagement worldwide and internal operations across the Olympic ecosystem.

The Olympic AI Assistant, embedded on the IOC’s global website olympics.com, provides multilingual conversational support, real-time event information allowing fans to access official Olympic Games content through a chat-based interface.

The same Qwen-powered technology is being deployed at the Olympic Museum in Lausanne, where visitors will have access to personalized AI audio guides that enhance the museum experience.

Internally, the IOC has launched an AI Assistant – powered by Alibaba’s Qwen large language model—on its secure portal for National Olympic Committees (NOCs). The AI tool enables NOC staff to locate documents, policies, and grant guidelines through natural language queries, with built-in multilingual translation support.

In parallel, Alibaba Cloud continues to enhance Sports AI, a cloud-based media archiving solution first introduced at the Paris 2024 Games. The upgraded solution includes AI tagging, video search, and conversational search, making the Olympics archive instantly searchable and more accessible.

Managing more than eight petabytes of historical Olympic media, the system utilizes Alibaba Cloud’s proprietary AI algorithms to automate tagging, categorization, and multimodal search across decades of content. New conversational search capabilities, powered by Alibaba’s Qwen, allow users to retrieve specific clips using simple spoken or written commands.

By integrating with the IOC’s media asset platform, Flex, the solution enables fully automatic tagging of Olympic multimedia assets, turning previously unused media assets into a living, searchable knowledge library.

Ilario Corna, Chief Technology and Information Officer, International Olympic Committee, said: “Milano Cortina 2026 marks a defining moment in the integration of AI into the Olympic Movement. Alibaba Cloud has been incredible in putting these leading capabilities to work in very practical, helpful ways—not only enhancing the everyday experience for our fans through first use of LLM technologies at the Olympics, but building intelligent systems such as Sports AI that will preserve historic Olympic moments for generations to come.”

Since Alibaba Group became a Worldwide TOP Partner of the IOC in 2017, Alibaba Cloud has played an increasingly central role in how the Olympic Games are delivered, experienced, and remembered—helping to place cloud computing and AI at the core of the world’s largest sporting event.

Hashtag: #Alibaba

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

About Alibaba Cloud

Alibaba Cloud () is a global leader in full-stack artificial intelligence services, offering state-of-the-art intelligent capabilities and a worldwide AI cloud computing network, providing developer-friendly AI services across the globe. Qwen (Chinese: Tongyi Qianwen) is a family of large language and multimodal AI models developed by Alibaba. Debuted in 2023, open-weight Qwen models are available to global developers via HuggingFace and ModelScope.

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Valle Venia presents: LPS feat. Natalia Sarsgard: J’ai dû m’arrêter

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NEUSTADT AN DER WEINSTRASSE, GERMANY – Newsaktuell – 27 March 2026 – The song by Leo Philipp Schmidt and Valle Venia captures the feeling of losing oneself in a world that is growing ever louder and faster, where restlessness and superficiality cause relationships, friendships, and connections to dissolve and be sacrificed.

J’ai dû m’arrêter LPS feat. Natalia Sarsgard/Leo Philipp Schmidt

With emotional depth, singer Natalia Sarsgard describes the path to finding oneself again, to gathering one’s thoughts, to remaining silent, to withdrawing—in order to reflect in the silence, in the comfort, and in the seclusion, to feel and reconnect with ourselves and others.

Through her multifaceted voice, Natalia Sarsgard’s interpretation of the song conveys how strength and courage can arise from deep vulnerability. Without even realizing it, one is accompanied by the confidence that what was thought to be lost can be found again.

Youtube: https://youtu.be/CINjhTHtmno

J’ai Du M’arreter – LPS, https://open.spotify.com/intl-de/album/6BvbJ0VAAvMwciCD7q7BC8
https://shop.valle-venia.de/products/different-ways
https://www.amazon.de/Different-Ways-feat-Various-Artist/dp/B0CMJVQV2M
https://valle-venia.de/30S/JaiDuMarreter.mp4

www.valle-venia.com
Hashtag: #ValleVenia

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

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YesAsia Holdings Achieves Record-Breaking Revenue and Net Profit in 2025

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Final Dividend Increases by 33.3% to HK10 Cents per Share

Dual Engines, Global Reach: B2C-B2B Synergy Drives Market Expansion

Results Highlights

  • Revenue hit a new high of US$501.54 million, representing a strong YoY growth of 45.0%
  • Gross profit rose by 40.9% to US$148.50 million; operating profit increased by 28.2% to US$31.90 million
  • Net profit grew by 21.5% to US$23.14 million
  • The Board has proposed a final dividend of HK10 cents per share, up 33.3% year-on-year
  • Business-to-consumer (B2C) platform YesStyle recorded revenue of US$347.48 million, up 30.8%, accounting for 69.3% of the Group’s total revenue
  • Revenue of business-to-business (B2B) platform AsianBeautyWholesale (ABW) surged by 91.7% to US$148.89 million, accounting for 29.7% of the Group’s total revenue
  • Non-core markets (excluding the US, UK, Canada, Australia) accounted for over 60% of the Group’s total revenue for the first time, with Latin America and the Middle East achieving remarkable growth
  • The Group strengthened its global logistics network to improve economies of scale, opened a second AMR warehouse in Hong Kong and a new warehouse in South Korea, reducing freight costs as a percentage of revenue to 18.7%

HONG KONG SAR – Media OutReach Newswire – 27 March 2026 – YesAsia Holdings Limited (“YesAsia Holdings”, together with its subsidiaries, the “Group”) (02209.HK), a leading e-commerce platform operator recognized for its expertise in curating Asian beauty and lifestyle products, announced today its annual results for the year ended 31 December 2025 (the “Year”).

The Group’s revenue rose by 45.0% to US$501.54 million, boosted by the global K-Beauty momentum and the scaled expansion of its B2B platform, which accounted for nearly 30% of the Group’s revenue. Gross profit increased by 40.9% to US$148.50 million, and gross profit margin remained relatively stable at 29.6%. Operating profit also grew by 28.2% to US$31.90 million. Net profit for the Year climbed 21.5% to US$23.14 million, with a net profit margin of 4.6%. Basic earnings per share was US5.62 cents (2024: US4.74 cents).

As at 31 December 2025, the Group maintained a solid financial position with bank and cash balances amounting to US$15.94 million. In the view of YesAsia Holdings’ solid operating performance, healthy cash reserves and future capital requirements, the Board has proposed a final cash dividend of HK10 cents per share (2024: HK7.5 cents per share).

Market diversification pays off as non-core markets lead global growth

Building on stable revenue from its core markets (the US, UK, Canada, and Australia), the Group accelerated its expansion into mainland Europe, Latin America, the Middle East, and other emerging markets. In 2025, non-core markets accounted for over half of the Group’s total revenue, significantly outpacing core markets in growth and becoming the primary catalyst of its business across the globe. Among these regions, Latin America and the Middle East recorded the strongest upward trend, with growth of 224.4% and 75.5% respectively, while Europe and Associated Countries remained the Group’s largest regional market.

Social media marketing and influencer engagement remain core drivers of YesStyle‘s growth strategy. During 2025, the number of YesStyle influencers increased to over 502,000, representing a year-on-year growth rate of approximately 24.6%. Revenue generated from influencer referrals reached approximately US$104.8 million, up approximately 43.0% year‑on‑year, and accounted for approximately 30% of YesStyle‘s total revenue, highlighting the continued strengthening of the YesStyle influencer ecosystem.

Meanwhile,YesStyle bolstered its localization efforts to capture opportunities in non-English-speaking markets. In July 2025, it launched a Polish-language website, expanding its language offerings to nine. Combined with social-media-driven marketing, regional campaigns via a robust network of influencers, and AI-powered solutions, the Group extended K-Beauty’s reach to a broader audience worldwide. This momentum is further amplified by the opening of Yesful Land in Seoul, South Korea, a physical hub where influencers and the K-Beauty community can converge and create authentic content, bridging digital engagement with real-world experience.

B2C-B2B synergy fuels performance with ABW business scaling rapidly

YesAsia Holdings is an authorized distributor for over 475 K-Beauty brands, serving both B2C and B2B channels. The dual-growth-engine strategy continued to bear fruit in 2025, fortifying the Group’s overall market influence and ongoing advancement.

Notably, ABW maintained its vigorous growth trajectory in 2025, with the newly launched ABW Offline business generating almost US$50 million in revenue in its debut year, underscoring the strong international retail demand for K-Beauty products. During the Year, ABW established distribution networks for 56 leading retailers across 26 markets, spanning North America, Europe, Latin America, the Middle East and Asia. Prominent partners include Target, Costco, Primark, Douglas, Sally Beauty, Watsons, and Nykaa. These collaborations have enabled the Group and its K-Beauty brand partners to reach millions of consumers through established offline retail networks, effectively tapping into a market segment that remains significantly larger than its online counterpart.

Mr. Joshua Lau, Founder, Executive Director and Chief Executive Officer, said: “Looking ahead, we are confident that K-Beauty’s global development impetus will only gather steam as it has transitioned from a niche category into a mainstream retail staple. To capture the opportunities that arise, we will deepen engagement in non-core markets through targeted and localized digital initiatives. At the same time, we are accelerating our B2B business by connecting K-Beauty brands with international retailers, and leveraging our logistics network and AI-driven capabilities. With dual growth engines in B2C and B2B, advanced technology, and a dedicated team, YesAsia Holdings is well-positioned to soar to new heights and deliver long-term value to shareholders and stakeholders.”

Hashtag: #YesAsiaHoldings

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

About YesAsia Holdings Limited (02209.HK)

Established in 1997, YesAsia Holdings is a leading e-commerce platform operator recognized for its expertise in identifying and procuring quality Asian beauty, fashion, lifestyle and entertainment products. Headquartered in Hong Kong, the Group deliver products promptly and efficiently to a global audience through its strong ties with over 400 leading Asian beauty brand and supplier partners. The Group operates three major platforms: YesStyle, an e-commerce B2C platform for serving the increasingly popular Asian beauty, fashion and lifestyle products, particularly Korean beauty products; AsianBeautyWholesale, a B2B platform for Asian beauty products; and YesAsia, an e-commerce retail platform for entertainment products. YesAsia Holdings is a constituent of the MSCI Hong Kong Micro Cap Index.

For more information, please visit the Group’s official website:

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Best Mart 360 Announces 2025 Annual Results

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Recorded Continuous Growth in Revenue, Proposed a final dividend of HK9.0 cents per share

Highlights:

  • Revenue increased by 2.2% to approximately HK$2,867.7 million.
  • Gross profit increased by 0.7% to approximately HK$1,035.1 million.
  • Profit attributable to owners of the Company recorded approximately HK$219.7 million.
  • As at 31 December 2025, the Group operated a total of 183 chain retail stores (2024: 176), including 178 retail stores in Hong Kong and 5 retail stores in Macau.
  • Basic earnings per share was approximately HK22.0 cents. The Board recommended the payment of final dividend of HK9.0 cents per share.

Financial Highlights:

HK$’000

Year ended

31 Dec 2025

Year ended

31 Dec 2024

(Restated)

Change
Revenue 2,867,695 2,805,146 +2.2%
Gross profit 1,035,074 1,027,997 +0.7%
Gross profit margin 36.1% 36.6% -0.5 p.p.
Profit attributable to owners of

the Company

219,730

245,901

-10.6%

HONG KONG SAR – Media OutReach Newswire – 27 March 2026 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leisure food retailer in Hong Kong, announced its results for the year ended 31 December 2025. During the year, the revenue recorded by the Group amounted to approximately HK$2,867,695,000 (2024: HK$2,805,146,000), representing an increase of approximately 2.2%.

During the Financial Year under Review, gross profit was approximately HK$1,035,074,000 (2024: HK$1,027,997,000), representing an increase of 0.7%. The Group’s gross profit margin for the year was approximately 36.1%, compared to approximately 36.6% in 2024. This contraction in margin was primarily attributable to the strategic implementation of enhanced promotional campaigns designed to navigate the ongoing trend of consumption downgrading and intensified market competition.

Profit attributable to owners of the Company for the year was approximately HK$219,730,000 (2024 (Restated): approximately HK$245,901,000), primarily due to a slight reduction in average revenue per store and a contraction in gross profit margin, which collectively impacted overall profitability. The net profit margin (before interest and tax) moderated to approximately 9.8%, down from approximately 11.2% for the year ended 31 December 2024 (Restated).

For the Financial Year under Review, basic earnings per share was approximately HK22.0 cents. The Board recommended the payment of final dividend of HK9.0 cents per share.

BUSINESS REVIEW
Strategy Adjustment & Opened 10New Retail Stores
As at 31 December 2025, the Group operated a total of 183 chain retail stores, including 178 chain retail stores (31 December 2024: 170 stores) in Hong Kong and 5 chain retail stores (31 December 2024: 6 stores) in Macau respectively. During the Financial Year under Review, the Group opened 10 new retail stores and closed 3 stores upon expiration of their respective lease terms in alignment with the Group’s strategy adjustment.

The ratio of rental expense (cash basis) to sales revenue of retail stores for the year ended 31 December 2025 was approximately 9.6%, which was similar to that of approximately 9.6% for the year ended 31 December 2024.

Introduced Popular Brands & Launched on Grocery Delivery Platform
Hong Kong residents’ growing propensity to spend in Mainland China, coupled with inbound visitors’ preference for in-depth experiences, more rational and prudent consumption patterns, as well as the intensified competition in the local market from Mainland China e-commerce players leveraging economies of scale, the Hong Kong retail market is undergoing a structural long-term transformation, with the industry’s competitive landscape and consumption behaviour being reshaped.

In response to the challenging business environment, the Group adopted a series of timely and targeted measures to navigate these difficulties. These included optimizing product mix and strengthening the offering of basic foodstuffs covering cereals, noodles, canned food, milk, chilled and frozen food, daily necessities as well as basic groceries. The Group also introduced popular Mainland brands as well as imported a wide range of specialty food from around the world to meet the needs and expectations of local consumers and visiting tourists. To further strengthen its business, the Group launched on the Foodpanda grocery delivery platform during 2025 to expand its online sales channels, and rolled out a variety of promotional initiatives including shopping vouchers. These initiatives collectively contributed to the Group’s sales growth during the Financial Year under Review.

The Group procured quality products from overseas suppliers as well as brand owners or importers in Hong Kong. For the year ended 31 December 2025, the Group offered a total of approximately 3,425 stock keeping units (“SKU”) of products (for the year ended 31 December 2024: approximately 3,653 SKU) from suppliers principally from (but not limited to) Japan, Mainland China, Europe, Vietnam, Korea, the United States and other Asia-Pacific countries.

The Group sourced the most popular and trendy food products from various regions, striving to provide customers with diverse, multi-brand, and multi-category global product choices.

As at 31 December 2025, the total amount of inventories of the Group amounted to approximately HK$316,841,000 (31 December 2024: approximately HK$339,513,000), representing a decrease of approximately 6.7% year-on-year. The decrease in the Group’s total inventories was mainly attributable to optimised inventory management and the timing shift of the Lunar New Year holiday from January to February.

During the Financial Year under Review, the Group continued to actively develop private label products that on one hand allowed the Group to capture pricing advantages and exercise a higher level of quality control over its products and on the other hand further uplift its brand awareness and strengthen customers’ loyalty. For the Financial Year under Review, sales derived from private label products were approximately HK$520,821,000 (for the year ended 31 December 2024: approximately HK$477,222,000), accounted for approximately 18.2% of the Group’s revenue for the Financial Year under Review (for the year ended 31 December 2024: approximately 17.0%).

Expanded Customer Base & Enhanced Loyalty
To further deepen customer stickiness and broaden customers coverage, the Group used big data analysis and reformulated its marketing strategy to launch a new three-tier membership scheme and a second-generation mobile app in mid-June 2020. The new membership scheme helps to elevate brand positioning and market recognition, and the membership rewards have been fully optimised and enhanced, with more member benefits such as stamp reward for multiple-item purchase, special offers for selected products and access to the latest market information. During the Financial Year under Review, the number of the Group’s members increased from approximately 2,280,418 as at 31 December 2024 to approximately 2,395,862 as at 31 December 2025, representing an increase of approximately 5.1%.

The Group launched various marketing and promotional activities during the Financial Year under Review including the “Best Price” promotional campaign, which provided customers with a series of special offers for selected quality products from time to time to enhance customer loyalty. Meanwhile, the Group continued to advertise through television, newspapers, social media platforms and other media, which successfully attracted new customers encouraged repeat purchases and significantly enhanced market awareness of the Group.

PROSPECTS
Looking ahead, uncertainties in Sino-US relations, geopolitical risks and other factors will introduce further variables to economic recovery, and economic growth in Hong Kong and globally is expected to remain under pressure. The Board anticipates that the retail sector in Hong Kong will remain challenging in the near term. Nevertheless, the Group will continue to operate in a cautiously optimistic manner, closely monitor the development of various adverse factors that may impact the Group’s performance, and timely implement necessary and appropriate measures through refined operations and management to adapt to the ever-changing market environment.

The Group will continue to prioritize the Hong Kong market as its core focus, optimize its product mix and enhance the development of its private label products, with a wider range of staple foods and necessities to better meet consumer demand and enhance the Group’s competitiveness in the retail market.

To maintain sound operational efficiency, the Group will timely review the regional distribution of its brand stores, implement a moderate expansion policy and flexible leasing strategies, and actively pursue suitable opportunities to expand the retail network for its core retail brand “Best Mart 360º” and global gourmet brand “FoodVille” in Hong Kong and Macau, targeting a net increase of 10 retail stores annually under its dual-brand model, catering to the diverse needs of different customer segments for quality food products.

Mr. Hui Chi Kwan, Chief Executive Officer of the Group, said, “Faced with an increasingly complex operating environment, the Group will maintain a prudent and pragmatic approach in its operations and continue to work closely with its employees, customers and other stakeholders, striving to improve business performance and deliver stable returns to shareholders.”

Hashtag: #BestMart360 #優品360 #AnnualResults #業績 #全年業績

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

Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited operates chain retail stores under the brand “Best Mart 360˚”, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group’s business objective to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 December 2025, the Group operated a total of 183 chain retail stores, spanning all of the 18 districts in Hong Kong and strategic locations with heavy pedestrian flow in Macau. Among the chain retail stores, the global gourmet brand “FoodVille” launched in September 2021 is also included, targeting the medium-to-high-end-market.

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