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K-pop’s Latin American rise: Fans gain easier access to content and merch through Weverse and EBANX’s partnership

EBANX enables Mexican consumers to purchase Weverse products using a local payment method, marking a key step in the growth of K-pop in Latin America

SEOUL, South Korea and CURITIBA, Brazil, April 15, 2025 /PRNewswire/ — Weverse, the global superfan platform under HYBE, is expanding into Latin America for the first time, partnering with EBANX, a global fintech specializing in payments for emerging markets, to offer seamless local payment solutions. Starting in Mexico, fans are now able to purchase official merchandise, watch video on demand (VOD) content, and even send direct messages (DMs) to their favorite artists via Weverse using OXXO Pay, a widely adopted alternative payment method (APM) in the country. 

The partnership arrives as Latin America’s passion for K-pop reaches new heights amid Hallyu, or the “Korean Wave,” the global spread of South Korean culture. According to a report from South Korea’s government, K-pop dominated the largest share (34.9%) of Hallyu content in Latin America. In Mexico, the cumulative number of on-demand audio and video streams of K-pop reached 3.5 billion after a staggering growth of 25% in 2023, according to Luminate, a data analytics and insights company.

Local payments unlock global fandom

APMs like OXXO Pay are crucial for consumer accessibility in emerging countries, where only 30% of people use credit or debit cards, according to data from the World Bank Global Findex in EBANX’s study Beyond Borders 2025. For comparison, this rate rises to 85% in high-income markets, with South Korea at 90%. In Mexico, only 26% of people use credit and debit cards, and cash remains the preferred method for 80% of the population, as stated in a study by Banco de México.

For the first time, with EBANX’s integration, K-pop fans in Mexico can access a seamless fan experience on Weverse by purchasing merchandise, exclusive VOD content, and many more, even without a bank account or access to credit, by using OXXO Pay. According to the World Bank database, around half of Mexico’s population is unbanked, and only one in ten consumers has a credit card in the country. Through OXXO Pay, consumers can complete online purchases in cash at OXXO’s convenience stores, a popular local chain.

Weverse’s strategic entry into Latin America

This partnership marks a milestone for K-pop’s expansion into Latin America and a strategic step for EBANX in the South Korean market,” said Sean Yu, VP of Merchant Success, APAC at EBANX. “We are looking forward to collaborating with Weverse, enabling local payments, and connecting  Mexican fans in a seamless and culturally relevant way.

Recognizing Latin America as a key driver of K-pop’s global growth, HYBE, a global entertainment lifestyle platform company and the home to some of the most iconic K-pop groups, including BTS and SEVENTEEN, ventured into the region by launching HYBE LATIN AMERICA in 2023. “Latin American fans are incredibly passionate about K-pop, and our partnership with EBANX ensures they can access exclusive content and merchandise without payment friction,” noted Joon Choi, President of Weverse.

Future growth potential

According to a study from the International Federation of the Phonographic Industry (IFPI) released last month, Latin America saw a remarkable 22.5% increase in music revenues in 2024, marking the region’s 15th consecutive year of growth. Streaming remained the primary driver, accounting for 87.8% of recorded music revenues. Brazil led the way with a 21.7% rise, making it the fastest-growing market among the global top ten. Meanwhile, Mexico recorded a 15.6% revenue increase, climbing to become the world’s tenth-largest recorded music market.

The partnership between Weverse and EBANX lays the groundwork for broader expansion across Latin America, where K-pop fandoms are rapidly growing. With EBANX’s expertise in local payment ecosystems, including market-specific solutions tailored to regional preferences, Weverse is poised to replicate its success and further strengthen its presence in this high-potential market.

ABOUT WEVERSE

Weverse Company is a global superfan platform whose vision is to innovate the platform business through the expansion of customer experience. In June 2019, Weverse and commerce platform Weverse Shop were launched. Weverse provides content and services optimized for fan activities along with the function of a communication channel between artists and fans. Weverse Shop offers artists’ official merchandise to customers around the world. Weverse is currently operating over 160 communities for K-pop icons such as BTS, SEVENTEEN, TOMORROW X TOGETHER, ENHYPEN, LE SSERAFIM, NewJeans, BOYNEXTDOOR, TWS, ILLIT, NCT DREAM, NCT WISH, RIIZE, BABYMONSTER, P1Harmony, as well as global artists such as Ariana Grande, Megan Thee Stallion, Dua Lipa, the Kid Laroi, Conan Gray, and Gracie Abrams, reaffirming the platform’s position as the “ultimate global superfan platform”. HYBE (formerly Big Hit Entertainment), the parent company of Weverse Company, has been chosen as one of “The World’s 50 most innovative companies” in 2022 and 2020 by Fast Company, which also highlighted Weverse and Weverse Shop as platforms to lead the establishment of one-stop service within the music industry.

For further information, please visit:

Website: https://weverse.io/

ABOUT EBANX 

EBANX is the leading payment platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, EBANX enables global companies to offer hundreds of local payment methods across Latin America, Africa, and Asia. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and consumers alike.

For further information, please visit:

Website:https://www.ebanx.com/en/ 
LinkedIn:https://www.linkedin.com/company/ebanx

Media Contact: 
Shan Huang
shan.huang@ahgstrategies.com 

Recharge leaps into B2B with UK Giftcloud acquisition

This strategic acquisition accelerates Recharge’s expansion into the B2B digital rewards market, unlocking new opportunities for growth.

AMSTERDAM and LONDON, April 15, 2025 /PRNewswire/ — Recharge, the European leader in prepaid payments, has acquired Giftcloud Limited from Groupon, Inc. (NASDAQ: GRPN), marking a strategic and accelerated expansion into the fast-growing B2B rewards space.

The deal follows Recharge’s recent €45M acquisition facility secured with ABN AMRO to fuel its international M&A activity. Giftcloud powers customer and employee engagement campaigns for major UK brands including Vodafone, Sky and TalkTalk. With millions of transactions processed annually and a strong record of profitability, Giftcloud brings Recharge a proven B2B model and a scalable platform to grow its corporate prepaid offering.

“This move is a deliberate step into B2B,” said Günther Vogelpoel, CEO of Recharge. “We see huge potential for prepaid in customer acquisition, loyalty and employee engagement. Giftcloud gives us a foundation to grow that proposition further in the UK and across Europe—backed by Recharge’s digital infrastructure, partnerships and international reach.”

The acquisition plays a key role in Recharge’s strategy to build the global leader in prepaid payments – serving both consumers and businesses. With Giftcloud, Recharge will be able to offer a broad range of services direct to business clients. It also marks a significant expansion of Recharge’s footprint in the UK, now the company’s third-largest market and the launchpad for further B2B growth across Europe.

Groupon’s CEO Dusan Senkypl, added: “We’re proud to have found a strong new home for Giftcloud within the Recharge Group. Giftcloud has always played a valuable role in helping brands engage their customers through digital rewards. We’re excited to see the platform continue to grow as part of a business that is fully focused on prepaid and digital innovation.”

This is Recharge’s second major acquisition, following the successful integration of Startselect in 2023.

About Recharge Group

Recharge has revolutionised the prepaid payments industry connecting brands effortlessly with customers through their unified platform solutions. Recharge enables prepaid payment products to be obtained anywhere, anytime via their own multi-country digital storefronts including Recharge.com and Startselect.com. For more information, visit company.recharge.com.

About Giftcloud

Giftcloud is a UK-based digital rewards platform helping businesses engage, acquire and retain customers through branded prepaid incentives. Its platform enables fully branded, digital campaigns that support marketing and employee engagement strategies for some of the UK’s best-known companies, including Vodafone, Sky and TalkTalk. To learn more, visit giftcloud.com.

About Groupon

Groupon (www.groupon.com) (NASDAQ: GRPN) is a trusted local marketplace where consumers go to buy services and experiences that make life more interesting and deliver boundless value.  To find out more about Groupon, please visit press.groupon.com. 

Images
Available here.

Press Contacts
Georgia Hanias Ecology Media
georgiahanias@ecologymedia.co.uk

Ross Cumming Recharge Group
press@recharge.com 

 

FBS Enhances Local Rescue Capabilities in Thailand with Critical Equipment Donation


BANGKOK, THAILAND – Media OutReach Newswire – 15 April 2025 – In response to the recent earthquake in Thailand, FBS has reinforced its commitment to community support by aiding emergency relief efforts in the affected areas.

FBS Enhances Local Rescue Capabilities in Thailand with Critical Equipment Donation
FBS Enhances Local Rescue Capabilities in Thailand with Critical Equipment Donation

In collaboration with long-time partner Mr. Chanchai Sueaphet, FBS has donated $5500 to provide a set of professional heavy rescue equipment to the Ruamkatanyu Foundation’s volunteer unit, based at Ban Phraek Police Station in Phra Nakhon Si Ayutthaya Province. This vital donation enhances the foundation’s ability to conduct urgent rescue operations and save lives in critical situations.

Delivered on April 6, 2025, the donation strengthens the region’s disaster response capabilities at a crucial time. By equipping local teams with advanced rescue gear, FBS supports faster, safer, and more efficient emergency operations. The tools enable first responders to act swiftly, ensuring timely aid for affected communities and improving readiness for future emergencies.

The Ruamkatanyu Foundation’s volunteer team, well-known for their rapid response to accidents and disasters, welcomed the support as a valuable boost to their life-saving efforts.

“This life-saving equipment is essential for reaching and assisting victims after disasters. Thanks to FBS’s support, we’re now better equipped to help those in urgent need.”
Mr. Suriya Ammarit, Leader of the Ruamkatanyu Volunteer Team

FBS is proud to collaborate on this meaningful initiative with long-standing partner Mr. Chanchai Sueaphet, who shared:

“During holidays like Songkran, accidents often increase due to high travel. We’re proud that FBS values every life and stands alongside our rescue teams. I’m honored to represent FBS in donating this essential rescue equipment to the Ruamkatanyu Foundation. FBS continues to prove it’s a world-class broker committed to the well-being of Thai people and the greater good of society.”
Mr. Chanchai Sueaphet, FBS Partner

Together, FBS and its partners reaffirm the mission of making a real difference beyond trading, delivering not just exceptional trading conditions, but also hope, care, and resilience to the communities that need it most.Hashtag: #FBS #CSR #Thailand



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

About FBS

FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27 000 000 traders and more than 700 000 partners around the globe.

Essence of Royal Court Culture Unfolds at Historic Palaces and Jongmyo Shrine: 11th “K-Royal Culture Festival” to Be Held

– Morning strolls, royal dessert making, Hanbok wearing event, and more at five palaces and Jongmyo Shrine in Seoul (Apr 26–May 4)

– Special programs for children and foreigners are also available

SEOUL, South Korea, April 15, 2025 /PRNewswire/ — The Royal Palaces and Tombs Center of the Korea Heritage Service (Director Lee Jae-phil), in collaboration with the Korea Heritage Agency (President Choi Young-chang), will host “Spring K-Royal Culture Festival 2025” from April 26 to May 4 at five palaces including: Gyeongbokgung, Changdeokgung, Deoksugung, Changgyeonggung, and Gyeonghuigung as well as Jongmyo Shrine.

2025 K-Royal Culture Festival Poster
2025 K-Royal Culture Festival Poster

Celebrating its 11th annual event, “K-Royal Culture Festival” stands as South Korea’s largest national heritage festival, showcasing traditional cultural content within the backdrop of historic palaces. In 2024, the combined spring and autumn festivals attracted over 960,000 visitors, both domestic and international.

“Spring K-Royal Culture Festival 2025” will focus on improving programs associated with national intangible heritage such as traditional crafts and hanbok lifestyle. Strengthening interactive programs that encourage visitor participation and expanding programs tailored for international audiences, thereby providing a wider variety of programs further improved from the previous year.

At Gyeongbokgung Palace, “A Time Travel, King Sejong” (April 26–30) is a large-scale interactive program set throughout the Gyeongbokgung palace grounds. Visitors can take part in various activities such as “Newcomers to the Royal Palace,” which offers programs like making royal desserts and learning traditional court dances, as well as watching a small-scale theatrical performance “Royal Palace Daily Life,” and a self-guided palace night tour of the northern sector “A Journey Through The Night.”

Program taking place at Changdeokgung Palace is “Awakening the Morning Palace” (Apr 30–May 4), which offers a guided morning walk at the palace area. Due to its overwhelming popularity last year for Korean nationals, this program has been extended to foreigners participants. The program for foreigners will be guided by Fabien, a French broadcaster in Korea.

At Yanghwadang Hall in Changgyeonggung, a new program titled “Welcome, You in Hanbok” (April 30–May 4) invites couples to wear traditional hanbok and enjoy a stroll through a romantic palace trail that connects Changgyeonggung and Changdeokgung.

At Jungmyeongjeon Hall in Deoksugung Palace, a new program titled “The Emperor’s Dining Table” (May 1–3) for international visitors only. It’s a culinary talk show where participants can taste the royal court dishes entitled to state guests of the Korean Empire, while listening to historical stories.

Programs requiring advance reservations can be booked through Ticketlink (www.ticketlink.co.kr) for Korean nationals, and programs for international participants can be booked via Creatrip (www.creatrip.com).

For more details on the K-Royal Culture Festival, please visit the official website (kh.or.kr/fest), follow the official Instagram account (@royalculturefestival_official), or contact the Palace Utilization Program Call Center at 1522-2295, Ticketlink Help Center at 1588-7890 or Creatrip at 070-4327-2310.

The Korea Heritage Agency is eager to continue to design and operate unique and original programs for “K-Royal Culture Festival” so people of all ages and nationalities can enjoy the beauty of Korean heritage. 

Contact: royalculture1@kh.or.kr


Appendix 1. Overview of K-Royal Culture Festival

  • Title: K-Royal Culture Festival Spring 2025
  • Event Period: Apr 26(Sat)–May 4(Sun), 2025 / 9 days
    – Opening Ceremony: Apr 25(Fri) 19:30–20:40, Heungnyemun Gate Square at Gyeongbokgung Palace.
  • Venue: Gyeongbokgung Palace, Changdeokgung Palace, Deoksugung Palace, Changgyeonggung Palace, Gyeonghuigung Palace, and Jongmyo Shrine
  • Host/Organizer: Royal Palaces and Tombs Center of the Korea Heritage Service/Korea Heritage Agency

Appendix 2. Programs designed by K-Royal Culture Festival (Prior Reservation Required)

Reservation information of foreigner programs

– Reservation open date: Mar 20, 2025(Thu) on Creatrip (creatrip.com), first-come first served basis.


 

TECNO AI Ecosystem Products Celebrates Design Triumphs at MUSE Design Awards

TECNO CAMON 40 Series, MEGABOOK S14, AI Glasses Pro, and MEGABOOK K15S Earn Platinum and Gold Honors for AI-Driven Design Excellence

SHANGHAI, April 15, 2025 /PRNewswire/ — AI-driven innovative technology brand TECNO has achieved global acclaim for its advanced AI ecosystem. Four of its groundbreaking products—powered by TECNO AI—have been honored at the prestigious 2024 MUSE Design Awards: the CAMON 40 series smartphone, the MEGABOOK S14 laptop, and the AI Glasses Pro each won Platinum Awards, while the MEGABOOK K15s laptop secured Gold. These award-winning products made their global debut at MWC 2025 as key components of the TECNO AI ecosystem, which seamlessly integrates smartphones, smart wearables, laptops, tablets, smart gaming devices and the HiOS operating system.

Established by the International Awards Associate (IAA) in 2015, The MUSE Design Awards is an international design competition dedicated to recognizing excellent and original design work from across the globe. The award aims to push the boundaries of what is possible, inspiring others to further elevate the standards of the design world. TECNO’s accolades include Platinum Winner titles for the MEGABOOK S14 (Computer & Information Technology category) and AI Glasses Pro (Digital & Electronic Devices category), as well as a Gold Winner award for the MEGABOOK K15S, underscoring the brand’s leadership in AI-powered innovation.

TECNO CAMON 40 Series: AI-Powered Imaging & Smart Innovation

The TECNO CAMON 40 Series redefines smartphone photography with advanced AI imaging and intelligent features, delivering a seamless experience for work, life, and creativity. At its core, the One-Tap Button revolutionizes instant capture—double-tap activates FlashSnap mode for ultra-fast shooting, while AI optimizes framing and selects the best shot. The 50MP Sony LYT Ultra Night Camera ensures crisp, low-noise photos even in high-speed or low-light scenarios. The One-Tap Button is also used to enhance convenience, with a long-press summoning the voice-controlled Ella AI Assistant.

Powered by the MediaTek Ultimate Processor, the series integrates next-gen AI tools like AI Eraser 2.0, AI Image Extender, and Universal Tone for professional-grade edits and true-to-life colors. Communication is enhanced with the 360° AI Call Assistant, featuring real-time translation, noise cancellation, and auto-summaries.

TECNO CAMON 40 Series Wins Platinum Winner at MUSE Design Awards
TECNO CAMON 40 Series Wins Platinum Winner at MUSE Design Awards

TECNO MEGABOOK S14: Redefining Portability and AI Productivity

The MEGABOOK S14 has set a new benchmark as the world’s lightest 14-inch OLED laptop, weighing just 899 grams with a durable magnesium alloy chassis. Powered by the Qualcomm Snapdragon® X Elite Compute Platform and LPDDR5X memory, it delivers unparalleled multitasking performance for professionals, creators, and gamers. The device pioneers on-device AI capabilities through the world’s first CPU-based edge-side AI large model, enabling offline functionalities such as real-time meeting translation, automated summaries, AI-generated presentations, and the Ella Voice Assistant. Additionally, the Windows AI Gallery revolutionizes local photo management with text-to-image search, eliminating reliance on cloud connectivity while enhancing productivity.

TECNO AI Glasses Pro: Elevating Augmented Reality with Advanced Imaging

TECNO’s debut AI Glasses Pro combines a 50MP camera system, WaveGuide AR display, and MicroLED screen to deliver an immersive augmented reality experience. Boasting 1,500 nits brightness and a 30° field of view, the glasses ensure vivid visuals even in bright environments. Advanced AI features such as real-time navigation, instant language translation, and scene recognition streamline daily tasks, while the sleek Browline design (weighing only 48g) and 250mAh battery (11-hour runtime) balance style and practicality. Enhanced connectivity via Wi-Fi 16 and Bluetooth 5.4, alongside privacy-focused anti-leakage audio technology, further solidify its position as a leader in smart wearable innovation.

TECNO MEGABOOK K15S: Unmatched Performance and Affordability

Designed for professionals, students, and everyday users, the MEGABOOK K15S delivers robust performance with an Intel® Core™ i9 processor, 32GB RAM, and 1TB SSD. Its 15.6-inch FHD display and 180° hinge adapt seamlessly to diverse usage scenarios, while a 70Wh battery provides up to 17.5 hours of uninterrupted productivity. The K15S also integrates TECNO’s on-device AI model, enabling offline photo management via the Windows AI Gallery and task automation through the Ella AI Assistant. Housed in a lightweight aluminum body with versatile ports (USB-C, HDMI), it exemplifies TECNO’s mission to merge premium performance with accessible pricing.

These prestigious awards recognize TECNO’s relentless pursuit of innovation in AI and design, reflecting the brand’s dedication to delivering intelligent solutions that empower users worldwide. Moving forward, TECNO will continue to prioritize technological advancement and the fusion of cutting-edge engineering with intuitive design, aiming to introduce even more groundbreaking smart products that address the evolving needs of global emerging markets.

SmallRig Shines at 2025 NAB Show with Three Innovative Products

LAS VEGAS, April 15, 2025 /PRNewswire/ — SmallRig is proud to announce our participation in the 2025 NAB Show, a prestigious global platform for engaging with creators and showcasing cutting-edge products. At the show, the company unveiled its latest innovations: the Boom Selfie Stick ST30 Lite, X-Touch Smart Triple-Proof V-Mount Battery X99, and RC 100C COB LED Video Light.

SmallRig x DREX LEE Boom Selfie Stick ST30 Lite

Developed in collaboration with Drex Lee, the ST30 Lite features a one-touch leg deployment mechanism, offering a working height range of 31-147cm (12.2-57.9in) and a 1kg (2.2lb) load capacity. Its extended legs and leg spreaders ensure stability, while thickened anti-slip silicone pads provide a secure fit on any surface. The adjustable phone clamp, featuring a cold shoe mount, enables 180° tilt and 360° rotation with a fixed center of gravity for balanced shots. A snap-on remote control allows for remote shooting up to 10m (32.8ft), enhancing user convenience.

More details: https://www.smallrig.com/SmallRig-x-Drex-Lee-Boom-Selfie-Stick-ST30-Lite5259.html 

SmallRig x DREX LEE Boom Selfie Stick ST30 Lite
SmallRig x DREX LEE Boom Selfie Stick ST30 Lite

SmallRig x Renan Ozturk X-Touch Smart Triple-Proof V-Mount Battery

Born from detailed user feedback and designed for durability, the X99 is drop-tested from 1.5m (4.9ft) and IP54-rated for water and dust resistance. It integrates eight 3400mAh LG 18650 cells and SmallRig’s PowerADC charging technology, featuring a smart BMS chip, dedicated circuits, and heat management.

The X99 offers multiple charging interfaces (BP, two D-TAP, two USB-C, USB-A, DC) and expansion options (3/8″-16 and 1/4″-20 threaded holes).

Battery status is accessible via a 2″ touchscreen or the SmallRig App, which also offers port control, battery renaming, a locator light, and wireless updates for optimal performance.

More details: https://www.smallrig.com/X-Touch-Smart-Triple-Proof-V-Mount-Battery-X99.html 

SmallRig x Renan Ozturk X-Touch Smart Triple-Proof V-Mount Battery
SmallRig x Renan Ozturk X-Touch Smart Triple-Proof V-Mount Battery

RC 100C COB LED Video Light

The RC 100C is a compact, RGBWW light, 20% smaller and brighter than standard 100W lights. It delivers exceptional color accuracy with CRI Ra > 97, TLCI > 98, and a temperature range of 2500K10000K. The full RGB spectrum supports multiple modes (CCT, HSI, RGBCW, FX, Gel, Preset) and 15 dynamic effects for creative lighting control. Power options include V-mount and NP-F970 batteries, a DC adapter, USB-C port, and a charging grip handle for stability. The RC 100C also features app-based remote control, DMX integration, and an efficient cooling system for silent operation.

More details: https://www.smallrig.com/RC-100C-COB-LED-Video-Light-Lite-Version.html 

RC 100C COB LED Video Light
RC 100C COB LED Video Light

About SmallRig

Founded in 2013, SmallRig designs and builds complete accessory solutions including camera and phone rig, battery, tripod and video light for content creation. Our accessories are widely used in live broadcasting, vlogging, professional video production, and other fields supported by over two million creators worldwide. SmallRig pioneered the User Co-Design (UCD) approach and DreamRig program with the ultimate goal to co-design with global creators and make their big dreams achievable.

 

Wang Qunbin: Leveraging Innovation and Global Operational Strengths to Contribute “Fosun Power” to the Development of Hainan Free Trade Port

HONG KONG and SHANGHAI, April 15, 2025 /PRNewswire/ — On April 14, the 2025 Hainan Free Trade Port Global Investment Promotion Conference was held in Haikou. Jointly hosted by the People’s Government of Hainan Province and the Ministry of Commerce, the conference is one of the key events in the 2025 “Invest in China” series. With the theme “Invest in Hainan, Connect with the World,” the event showcased the achievements, business environment, and investment opportunities of the Hainan Free Trade Port (FTP) to global investors. Wang Qunbin, Co-Chairman of Fosun International, delivered a speech as a representative of key enterprises.

“This year marks a pivotal moment for the Hainan Free Trade Port as it enters the phase of independent customs operations and further opening-up, offering a broad stage for private enterprises,” said Wang Qunbin. “Fosun remains firmly rooted in China and committed to deepening its operation in Hainan. While advancing our strategy of business streamlining, we will focus on core business development, uphold the entrepreneurial spirit, and leverage our strengths in technological innovation and global operations. We will continue to increase our operations in Hainan in areas such as biopharmaceuticals, cultural tourism and related sectors, contributing ‘Fosun Power’ to the development of the Hainan Free Trade Port.”

Continued Growth in Pharmaceuticals and Cultural Tourism

Over the past 33 years since its founding, Fosun has grown into a global innovation driven consumer group focusing on families in core sectors such as biopharmaceuticals, tourism consumption, etc. “Hainan is a fertile ground for entrepreneurship and a land of opportunity for Fosun’s growth,” said Wang Qunbin. He noted Fosun has been deeply engaged in Hainan for nearly 20 years, creating over 6,000 jobs and contributing more than RMB10 billion in cumulative tax revenue.

In the biopharmaceutical sector, Fosun has leveraged the policy advantages of the Bo’ao Lecheng Pilot Zone to promote the transformation and early application of global biopharmaceutical innovations and to pioneer pilot programs. The company has established multiple hospitals in Hainan, benefiting people across China. Notably, eight models of Breas Medical ventilators from Sweden have achieved “Made in Hainan” status, marking the province’s first medical device project to transition from import to domestic production.

In the tourism and consumer sector, Fosun leveraged the unique natural resources of Haitang Bay in 2018 to introduce the world’s third Atlantis resort to Sanya, establishing a benchmark cultural tourism project that pioneers Hainan Tourism 3.0. Since its opening, Atlantis Sanya has welcomed over 27 million visitors from around the world.

At the venue of this investment promotion conference — the Hainan International Convention and Exhibition Center — the 5th China International Consumer Products Expo (CICPE) is currently underway. Fosun, which has actively participated for five consecutive years, is showcasing international resort brands such as Atlantis Sanya, Club Med, and ULTRAMED drawing significant attention from all sectors.

“Fosun is an old friend of the CICPE. Through this platform, we showcase our high-quality products and services to the world, continuously supporting Hainan in building an international tourism and consumption center,” said Wang Qunbin.

Meanwhile, Fosun has continued to drive the green technology transformation of its subsidiary, Hainan Mining, while accelerating its global expansion. The company has successfully acquired lithium mines in Mali and oil fields in Oman, and launched a lithium hydroxide production line in Hainan. This has enabled the creation of an integrated industrial chain combining upstream resources and lithium salt processing in the new energy sector. Hainan Mining has become the only A-share listed company engaged in strategic mineral and energy development. Driven by its global strategy, Hainan Mining achieved a net profit attributable to owners of the parent RMB706 million in 2024, representing a year-on-year increase of 12.97%.

“These achievements would not have been possible without the opportunities brought by national strategies, the unique geographical and policy advantages of the Hainan Free Trade Port, and, most importantly, Hainan’s law-based, international, and business-friendly environment,” said Wang Qunbin.

Seizing Opportunities of Openness to Drive the Implementation of More Outcomes

This year, as the Hainan FTP is to launch the independent customs operation, the Global Industrial Investment Promotion Conference has attracted significant attention from numerous Fortune Global 500 companies, well-known domestic and international enterprises, financial and investment institutions, as well as business associations from both China and abroad. Approximately 3,000 participants attended the conference.

Wang Qunbin stated that the development of the Hainan FTP is the best practical example of China’s commitment that “its door to openness will not close, but only open wider to the world.” He affirmed that Fosun will continue to deepen its operation in Hainan.

First, leveraging its advantages in the biopharmaceutical sector, Fosun will continue to uphold the philosophy of “Continuous Innovation, Healthy Living”. Centered around the Boao Lecheng International Medical Tourism Pilot Zone, Fosun will implement a biopharmaceutical strategy integrating “origin innovation + clinical translation + industrial implementation”. By continuously strengthening our “early pilot and trial” advantage, we have established a full-cycle pathway of “special access – real-world research – nationwide rollout”, enabling Chinese patients to benefit from the latest global medical innovations in real time. Through our strategic collaboration with Hainan Medical University, we are creating a collaborative network that connects “scientists – clinical institutions – and industrial platforms”, promoting full-chain innovation from basic research to industrial transformation, and contributing to high-quality economic development.

Secondly, Fosun is continually supporting Hainan to become a “world-class tourism destination”. We are creating the world’s first AI-themed resort, offering futuristic experiences such as the digital human G.O (Gentle Organizer) and flying car transfers for domestic and international travellers. The planned performing arts center is also set to become the permanent venue for the Hainan Film and Art Festival. Together with Atlantis Sanya, it will form an ultra-tourism and vacation cluster, setting a new benchmark and reaching new heights in Hainan’s journey to become a world-class travel destination.

Furthermore, Fosun is fully committed to advancing the lithium hydroxide project, supporting Hainan in becoming a key hub in the global new energy industry supply chain. Hainan Mining’s battery-grade lithium hydroxide facility, with a total investment of RMB1 billion and an annual production capacity of 20,000 tons, is set to begin operations soon. The lithium mine in Mali, Africa, which will supply raw materials for the project, is also nearing production. Leveraging the Hainan Free Trade Port’s “zero-tariff” policy on raw and auxiliary materials will significantly reduce costs and enhance global market competitiveness.

While pursuing business development, Fosun has also continued to fulfill its corporate social responsibilities in Hainan. The “Rural Doctors Program” initiated by Fosun Foundation initiated and operated by the Shanghai Fosun Foundation, has dispatched 19 teams stationed in five project locations—Lingao, Qiongzhong, Baoting, Baisha, and Wuzhishan—where they work to improve primary healthcare services and enhance medical access for rural communities.

“Fosun has always upheld its core corporate values of ‘Self-Improvement, Teamwork, Performance, and Contribution to Society,’ adhering to developing business for good. We will continue to uphold this commitment in the future,” said Wang Qunbin.

IDA and AUDC Partner on HK-AU Stablecoin-Based Cross-Border Trade Initiative

HONG KONG, April 15, 2025 /PRNewswire/ — IDA, a Hong Kong-based fintech company, and AUDC Pty Ltd have announced a strategic collaboration to launch a Hong KongAustralia stablecoin-based cross-border trade initiative. This initiative aims to transform trade between Hong Kong and Australia by introducing faster, more transparent, cost-effective cross-border payment systems.

Building on the strong trade relationship established under the Australia-Hong Kong Free Trade Agreement (A-HKFTA), this collaboration leverages Hong Kong’s role as a vital gateway connecting mainland China with the world. The agreement, A-HKFTA, which underscores Hong Kong’s high degree of autonomy under the ‘One Country, Two Systems’ framework, provides a solid foundation for this innovative initiative.

In 2023, Australia and Hong Kong had a total trade value of US$5.3 billion[1]. Total exports from Hong Kong to Australia amounted to US$3.4 billion, with the bulk of re‑exported goods originating from mainland China. Hong Kong’s imports from Australia in 2023 amounted to US$1.9 billion worth of Australian merchandise, including agricultural produce, seafood, and beverages. Looking ahead, Hong Kong aims to drive growth in emerging industries such as biomedical technology, green energy, and financial technology.

Sean Lee, Co-Founder of IDA, emphasized the significance of this partnership: “This collaboration builds on the progress made in bilateral trade relationships. Recent diplomatic efforts between Hong Kong, China, and Australia have reduced trade barriers, creating an ideal environment for innovative solutions like stablecoins to modernize trade systems. The potential for stablecoin technology to enhance efficiency and unlock opportunities across industries is enormous.”

Effie Dimitropoulos, CEO of AUDC Pty Ltd, expressed her enthusiasm for the initiative: “At AUDC Pty Ltd, our mission is to deliver secure and compliant digital payment solutions to support global trade. Our Australian Dollar-backed stablecoin, AUDD, addresses inefficiencies in cross-border trade, offering businesses in Australia, Hong Kong, and beyond a faster and more transparent settlement mechanism. This collaboration is a pivotal step toward modernizing trade settlements and unlocking new growth opportunities for industries on both sides.”

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.

IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.

To maximize the network effect of the stablecoin project for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption, and widespread acceptance of stablecoins as a payment and settlement digital currency.

More information can be found at idafi.xyz / LinkedIn / X

About AUDC Pty Ltd

AUDC Pty Ltd is a pioneering fintech company dedicated to transforming the future of money through blockchain technology. The company powers the Australian Digital Dollar (AUDD), a stablecoin backed 1:1 by the Australian Dollar, designed to provide businesses and consumers with a stable, reliable, and globally accessible digital asset. With a strong focus on innovation and digital finance solutions, AUDC is committed to driving the next generation of financial technology.

For more information about AUDD, please visit:
https://audd.digital
https://www.linkedin.com/company/audd-digital