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Zeekr Group Reports Third Quarter 2025 Unaudited Financial Results

By
Advertorial Desk
-

HANGZHOU, China, Nov. 17, 2025 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“Zeekr Group” or the “Company”) (NYSE: ZK), the world’s leading premium new energy vehicle group, today announced its unaudited financial results for the third quarter ended September 30, 2025.[1]

Operating Highlights for the Third Quarter of 2025

  • Total vehicle deliveries were 140,195 units for the third quarter of 2025, representing a 12.5% year-over-year increase and a 7.1% quarter-over-quarter increase. The Zeekr brand delivered 52,860 vehicles. Meanwhile, the Lynk & Co brand delivered 87,335 vehicles, with 72.4% of deliveries coming from NEV models.

Deliveries

2025 Q3

2025 Q2

2025 Q1

2024 Q4

140,195

130,866

114,011

169,088

Deliveries

2024 Q3

2024 Q2

2024 Q1

2023 Q4

124,606

119,755

94,115

120,114

Financial Highlights for the Third Quarter of 2025

  • Vehicle sales were RMB26,527 million (US$3,726 million)[2] for the third quarter of 2025, representing an increase of 7.3% from the third quarter of 2024 and an increase of 15.8% from the second quarter of 2025.
  • Vehicle margin[3] was 15.6% for the third quarter of 2025, compared with 12.6% for the third quarter of 2024 and 17.3% for the second quarter of 2025.
  • Total revenues were RMB31,562 million (US$4,434 million) for the third quarter of 2025, representing an increase of 9.1% from the third quarter of 2024 and an increase of 15.1% from the second quarter of 2025.
  • Gross profit was RMB6,046 million (US$850 million) for the third quarter of 2025, representing an increase of 37.1% from the third quarter of 2024 and an increase of 6.9% from the second quarter of 2025.
  • Gross margin was 19.2% for the third quarter of 2025, compared with 15.2% for the third quarter of 2024 and 20.6% for the second quarter of 2025.
  • Loss from operations was RMB56 million (US$8 million) for the third quarter of 2025, compared with RMB2,076 million loss from operations in the third quarter of 2024 and RMB285 million income from operations in the second quarter of 2025. Excluding share-based compensation expenses, adjusted loss from operations (non-GAAP)[4] was RMB14 million (US$2 million) for the third quarter of 2025, compared with RMB2,029 million non-GAAP loss from operations in the third quarter of 2024 and RMB315 million non-GAAP income from operations in the second quarter of 2025.
  • Net loss was RMB307 million (US$43 million) for the third quarter of 2025, representing a decrease of 84.9% from the third quarter of 2024 and an increase of 7.0% from the second quarter of 2025. Excluding share-based compensation expenses, adjusted net loss (non-GAAP)4 was RMB265 million (US$37 million) for the third quarter of 2025, representing a decrease of 86.6% from the third quarter of 2024 and an increase of 3.1% from the second quarter of 2025.

[1] All disclosed data (including historical periods) were recast to reflect common-control accounting treatment related to Lynk & Co’s acquisition.

[2] All conversions from Renminbi(“RMB”) to U.S. dollars (“US$”) were made at an exchange rate of RMB7.1190 to US$1.00, as set forth in the H.10 statistical release
of the Federal Reserve Board on September 30, 2025.

[3] Vehicle margin is the margin of vehicle sales, which is calculated based on revenues and cost of revenues derived from vehicle sales only.

[4] The Company’s non-GAAP financial measures exclude share-based compensation expenses. See “Unaudited Reconciliation of GAAP and Non-GAAP Results” set
forth at the end of this announcement.

Key Financial Results for the Third Quarter of 2025

(in RMB millions, except for percentages)

2025 Q3

2025 Q2

2024 Q3

% Changei 

YoY

QoQ

Vehicle sales

26,527

22,916

24,724

7.3 %

15.8 %

 -Zeekr

11,993

10,925

14,401

(16.7) %

9.8 %

 – Lynk & Co

14,534

11,991

10,323

40.8 %

21.2 %

Vehicle margin

15.6 %

17.3 %

12.6 %

3.0pts

(1.7)pts

 -Zeekr

20.3 %

21.1 %

15.7 %

4.6pts

(0.8)pts

 – Lynk & Co

11.7 %

13.8 %

8.2 %

3.5pts

(2.1)pts

Total revenues

31,562

27,431

28,924

9.1 %

15.1 %

Gross profit

6,046

5,656

4,409

37.1 %

6.9 %

Gross margin

19.2 %

20.6 %

15.2 %

4.0pts

(1.4)pts

(Loss)/income from operations

(56)

285

(2,076)

(97.3) %

N/A

Non-GAAP (loss)/income from
operations

(14)

315

(2,029)

(99.3) %

N/A

Net loss

(307)

(287)

(2,028)

(84.9) %

7.0 %

Non-GAAP net loss

(265)

(257)

(1,981)

(86.6) %

3.1 %

i  Except for vehicle margin and gross margin, absolute changes instead of percentage changes are presented.

Recent Developments

Delivery Update

In October, Zeekr Group delivered a total of 61,636 vehicles across its Zeekr and Lynk & Co brands, marking a 20.5% increase compared to the previous month. This achievement was made possible by the trust and support of over 2.15 million users. Specifically, the Zeekr brand delivered 21,423 vehicles, while the Lynk & Co brand delivered 40,213 vehicles.

Financial Results for the Third Quarter of 2025

Revenues

  • Total revenues were RMB31,562 million (US$4,434 million) for the third quarter of 2025, representing an increase of 9.1% from RMB28,924 million for the third quarter of 2024 and an increase of 15.1% from RMB27,431 million for the second quarter of 2025.
  • Revenues from vehicle sales were RMB26,527 million (US$3,726 million) for the third quarter of 2025, representing an increase of 7.3% from RMB24,724 million for the third quarter of 2024, and an increase of 15.8% from RMB22,916 million for the second quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly driven by higher vehicle sales volume due to the launch of new and facelifted models in the third quarter of 2025.
  • Revenues from other sales and services were RMB5,035 million (US$708 million) for the third quarter of 2025, representing an increase of 19.9% from RMB4,200 million for the third quarter of 2024 and an increase of 11.5% from RMB4,515 million for the second quarter of 2025. The year-over-year increase was primarily due to an increase in after-sales spare parts revenue, which is in line with higher accumulated vehicle sales. The quarter-over-quarter increase was primarily due to an increase in R&D revenue from related parties in the third quarter of 2025.

Cost of Revenues and Gross Margin

  • Cost of revenues was RMB25,516 million (US$3,584 million) for the third quarter of 2025, representing an increase of 4.1% from RMB24,515 million for the third quarter of 2024 and an increase of 17.2% from RMB21,775 million for the second quarter of 2025. The year-over-year increase was primarily attributable to the increase in vehicle deliveries, partially offset by the lower average cost of sales due to cost reductions and the change in product mix. The quarter-over-quarter increase was primarily attributable to the increase in vehicle deliveries and the high average cost of sales due to the change in product mix.
  • Gross profit was RMB6,046 million (US$850 million) for the third quarter of 2025, representing an increase of 37.1% from RMB4,409 million for the third quarter of 2024 and an increase of 6.9% from RMB5,656 million for the second quarter of 2025.
  • Gross margin was 19.2% for the third quarter of 2025, compared with 15.2% for the third quarter of 2024 and 20.6% for the second quarter of 2025.
  • Vehicle margin was 15.6% for the third quarter of 2025, compared with 12.6% for the third quarter of 2024 and 17.3% for the second quarter of 2025. The year-over-year increase was primarily attributed to sustained cost-saving initiatives. The quarter-over-quarter decrease was primarily due to the pace of cost reduction for newly launched models and the product mix.

Operating Expenses

  • Research and development expenses were RMB2,743 million (US$385 million) for the third quarter of 2025, representing a decrease of 8.6% from RMB3,000 million for the third quarter of 2024 and an increase of 27.8% from RMB2,146 million for the second quarter of 2025. The year-over-year decrease and quarter-over-quarter increase were mainly in line with timing and progress of new vehicle programs.
  • Selling, general and administrative expenses were RMB3,783 million (US$532 million) for the third quarter of 2025, representing an increase of 11.3% from RMB3,398 million for the third quarter of 2024 and an increase of 12.5% from RMB3,364 million for the second quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributable to higher marketing and advertising expenses to support new vehicle model launches and sales growth.

(Loss)/income from Operations

  • Loss from operations was RMB56 million (US$8 million) for the third quarter of 2025, compared with RMB2,076 million loss from operations in the third quarter of 2024 and RMB285 million income from operations in the second quarter of 2025.
  • Non-GAAP loss from operations, which excludes share-based compensation expenses from loss from operations, was RMB14 million (US$2 million) for the third quarter of 2025, compared with RMB2,029 million non-GAAP loss from operations in the third quarter of 2024 and RM315 million non-GAAP income from operations in the second quarter of 2025.

Net Loss and Net Loss Per Share

  • Net loss was RMB307 million (US$43 million) for the third quarter of 2025, representing a decrease of 84.9% from RMB2,028 million for the third quarter of 2024 and an increase of 7.0% from RMB287 million for the second quarter of 2025.
  • Non-GAAP net loss, which excludes share-based compensation expenses from net loss, was RMB265 million (US$37 million) for the third quarter of 2025, representing a decrease of 86.6% from RMB1,981 million for the third quarter of 2024 and an increase of 3.1% from RMB257 million for the second quarter of 2025.
  • Net loss attributable to ordinary shareholders of Zeekr Group was RMB803 million (US$113 million) for the third quarter of 2025, representing a decrease of 62.0% from RMB2,115 million for the third quarter of 2024 and an increase of 103.8% from RMB394 million for the second quarter of 2025.
  • Non-GAAP net loss attributable to ordinary shareholders of Zeekr Group, which excludes share-based compensation expenses from net loss attributable to ordinary shareholders, was RMB761 million (US$107 million) for the third quarter of 2025, representing a decrease of 63.2% from RMB2,068 million for the third quarter of 2024 and an increase of 109.1% from RMB364 million for the second quarter of 2025.
  • Basic and diluted net loss per share attributed to ordinary shareholders were both RMB0.31 (US$0.04) for the third quarter of 2025, compared with RMB0.83 each for the third quarter of 2024 and RMB0.15 each for the second quarter of 2025.
  • Non-GAAP basic and diluted net loss per share attributed to ordinary shareholders were both RMB0.30 (US$0.04) for the third quarter of 2025, compared with RMB0.81 each for the third quarter of 2024 and RMB0.14 each for the second quarter of 2025.
  • Basic and diluted net loss per American Depositary Share[5] (“ADS”) attributed to ordinary shareholders were both RMB3.12 (US$0.44) for the third quarter of 2025, compared with RMB8.28 each for the third quarter of 2024 and RMB1.54 each for the second quarter of 2025.
  • Non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders were both RMB2.96 (US$0.42) for the third quarter of 2025, compared with RMB8.10 each for the third quarter of 2024 and RMB1.42 each for the second quarter of 2025.

[5] Each ADS represents ten ordinary shares.

Balance Sheets

Cash and cash equivalents and restricted cash was RMB8,763 million (US$1,231 million) as of September 30, 2025.

About Zeekr Group

Zeekr Group, headquartered in Zhejiang, China, is the world’s leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain, and electric vehicle supply chain. Zeekr Group’s values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider.

For more information, please visit https://ir.zeekrgroup.com.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, such as non-GAAP income/(loss) from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic and diluted net loss per ordinary share attributed to ordinary shareholders, non-GAAP basic and diluted net loss per ADS attributed to ordinary shareholders, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and non-GAAP Results” set forth in this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.1190 to US$1.00, the exchange rate on September 30, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “future,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:
ZEEKR Intelligent Technology Holding Limited
Investor Relations
Email: ir@zeekrlife.com

Piacente Financial Communications
Tel: +86-10-6508-0677
Email: Zeekr@thepiacentegroup.com

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Zeekr@thepiacentegroup.com

Media Contact

Email: Globalcomms@zeekrgroup.com

 

 

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in millions)

As of

December 31

September 30

September 30

2024

2025

2025

RMB

RMB

US$

ASSETS

Current assets:

Cash and cash equivalents

9,897

7,021

986

Restricted cash

1,491

1,742

245

Notes receivable

12,268

3,590

504

Accounts receivable

2,344

2,759

388

Inventories

10,388

8,572

1,204

Amounts due from related parties

9,821

10,655

1,497

Prepayments and other current assets

4,654

6,253

878

Total current assets

50,863

40,592

5,702

Property, plant and equipment, net

10,984

10,044

1,411

Intangible assets, net

1,346

1,468

206

Land use rights, net

506

497

70

Operating lease right-of-use assets

3,008

2,718

382

Deferred tax assets

340

339

48

Long-term investments

688

946

133

Other non-current assets

477

516

73

Total non-current assets

17,349

16,528

2,323

TOTAL ASSETS

68,212

57,120

8,025

 

 

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(Amounts in millions)

As of

December 31

September 30

September 30

2024

2025

2025

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Short-term borrowings

1,353

4,505

633

Accounts payable

15,899

12,203

1,714

Notes payable and others

23,391

18,402

2,585

Amounts due to related parties

19,099

20,170

2,833

Income tax payable

98

152

21

Accruals and other current liabilities

15,455

16,030

2,253

Total current liabilities

75,295

71,462

10,039

Long-term borrowings

2,727

6,866

964

Operating lease liabilities, non-current

2,137

1,851

260

Other non-current liabilities

2,191

2,405

339

Deferred tax liability

57

67

9

Total non-current liabilities

7,112

11,189

1,572

TOTAL LIABILITIES

82,407

82,651

11,611

SHAREHOLDERS’ EQUITY

Ordinary shares

3

3

0

Paid-in capital in combined companies

7,669

0

0

Additional paid-in capital

15,763

10,584

1,487

Treasury stock

(187)

(193)

(27)

Accumulated deficits

(38,894)

(35,149)

(4,937)

Accumulated other comprehensive income

(142)

(72)

(10)

Total Zeekr Group shareholders’ deficit

(15,788)

(24,827)

(3,487)

Non-controlling interest

1,593

(704)

(99)

TOTAL SHAREHOLDERS’ DEFICIT

(14,195)

(25,531)

(3,586)

TOTAL LIABILITIES AND SHAREHOLDERS’
EQUITY

68,212

57,120

8,025

 

 

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE

(LOSS)/INCOME

(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)

Three Months Ended

September 30

June 30

September 30

September 30

2024

2025

2025

2025

RMB

RMB

RMB

US$

Revenues:

Vehicle sales

24,724

22,916

26,527

3,726

Other sales and services

4,200

4,515

5,035

708

Total revenues

28,924

27,431

31,562

4,434

Cost of revenues:

Vehicle sales

(21,619)

(18,953)

(22,392)

(3,145)

Other sales and services

(2,896)

(2,822)

(3,124)

(439)

Total cost of revenues

(24,515)

(21,775)

(25,516)

(3,584)

Gross profit

4,409

5,656

6,046

850

Operating expenses:

Research and development expenses

(3,000)

(2,146)

(2,743)

(385)

Selling, general and administrative
expenses

(3,398)

(3,364)

(3,783)

(532)

Other operating (expense)/income, net

(87)

139

424

59

Total operating expenses

(6,485)

(5,371)

(6,102)

(858)

(Loss)/income from operations

(2,076)

285

(56)

(8)

Interest expense

(44)

(108)

(135)

(19)

Interest income

4

37

47

7

Other income/(expense), net

137

(292)

107

15

Loss before income tax expense and
share of losses in equity method
investments

(1,979)

(78)

(37)

(5)

Share of income/(loss) in equity method
investments

82

151

(20)

(3)

Income tax expense

(131)

(360)

(250)

(35)

Net loss

(2,028)

(287)

(307)

(43)

Less: income/(loss) attributable to non-
controlling interest

87

107

496

70

Net loss attributable to shareholders of
Zeekr Group

(2,115)

(394)

(803)

(113)

 

 

 

ZEEKR INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE

(LOSS)/INCOME (CONTINUED)

(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)

Three Months Ended

September 30

June 30

September 30

September 30

2024

2025

2025

2025

RMB

RMB

RMB

US$

Net loss per share attributed to
ordinary shareholders:

Basic and diluted

(0.83)

(0.15)

(0.31)

(0.04)

Weighted average shares used in
calculating net loss per share:

Basic and diluted

2,552,901,668

2,561,060,669

2,572,968,401

2,572,968,401

Net loss per ADS attributed to
ordinary shareholders:

Basic and diluted

(8.28)

(1.54)

(3.12)

(0.44)

Weighted average ADS used in
calculating net loss per ADS:

Basic and diluted

255,290,167

256,106,067

257,296,840

257,296,840

Net loss

(2,028)

(287)

(307)

(43)

Other comprehensive income/(loss),
net of tax of nil:

Foreign currency translation
adjustments

(179)

(22)

(10)

(1)

Comprehensive loss

(2,207)

(309)

(317)

(44)

Less: comprehensive income/(loss)
attributable to non-controlling interest

87

107

495

70

Comprehensive loss attributable to
shareholders of Zeekr Group 

(2,294)

(416)

(812)

(114)

 

 

 

ZEEKR INC.

UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(Amounts in millions, except share/ADS and per share/ADS data and otherwise noted)

Three Months Ended

September 30

June 30

September 30

September 30

2024

2025

2025

2025

RMB

RMB

RMB

US$

(Loss)/income from operations

(2,076)

285

(56)

(8)

Share-based compensation expenses

47

30

42

6

Non-GAAP (loss)/income from
operations

(2,029)

315

(14)

(2)

Net loss

(2,028)

(287)

(307)

(43)

Share-based compensation expenses

47

30

42

6

Non-GAAP net loss

(1,981)

(257)

(265)

(37)

Net loss attributable to ordinary
shareholders

(2,115)

(394)

(803)

(113)

Share-based compensation expenses

47

30

42

6

Non-GAAP net loss attributable to
ordinary shareholders of Zeekr
Group

(2,068)

(364)

(761)

(107)

Weighted average number of
ordinary shares used in calculating
Non-GAAP net loss per share

Basic and diluted

2,552,901,668

2,561,060,669

2,572,968,401

2,572,968,401

Non-GAAP net loss per ordinary
share attributed to ordinary
shareholders

Basic and diluted

(0.81)

(0.14)

(0.30)

(0.04)

Weighted average number of ADS
used in calculating Non-GAAP net
loss per ADS

Basic and diluted

255,290,167

256,106,067

257,296,840

257,296,840

Non-GAAP net loss per ADS
attributed to ordinary shareholders

Basic and diluted

(8.10)

(1.42)

(2.96)

(0.42)

 

 

DA NANG GLOBAL BUSINESS SUMMIT OUTLINES ROADMAP FOR MEDICAL AND WELLNESS TOURISM DEVELOPMENT

By
Advertorial Desk
-

Experts agree on Vietnam’s overall advantages and particularly Da Nang’s but emphasize the urgent need to address “bottlenecks” in visa policy and data infrastructure.

DA NANG, Vietnam, Nov. 17, 2025 /PRNewswire/ — The Da Nang Global Business Summit Series painted a comprehensive picture of the opportunities and challenges facing Vietnam’s medical tourism sector. Domestic and international experts concurred that while Vietnam has significant advantages to become a regional healthcare hub, several barriers must be swiftly resolved.

Da Nang Global Business Summit Outlines Roadmap for Medical and Wellness Tourism Development
Da Nang Global Business Summit Outlines Roadmap for Medical and Wellness Tourism Development

In her opening remarks, Ms. Huynh Lien Phuong, Deputy Chief of the Da Nang City People’s Committee Office, reaffirmed the city’s commitment to implementing its medical tourism development plan through 2050, with the goal of positioning Da Nang as a safe, modern, and distinctive destination.

The summit highlighted Vietnam and Da Nang’s outstanding strengths:

  • Dual infrastructure advantage: A combination of world-class tourism facilities (leading the nation in five-star hotels) and a robust healthcare system, with 65 hospitals across the Da Nang–Quang Nam cluster.
  • Highly skilled and competitive costs: Vietnam has established a reputation in key fields such as IVF and cosmetic dentistry, with costs 50–70% lower than in markets like the U.S. or Australia.
  • Digital readiness: Da Nang leads nationally, with 90% of hospitals implementing electronic medical records (EMR) and nearly all healthcare facilities connected to electronic insurance systems.

Alongside these strengths, experts candidly pointed out major “bottlenecks” hindering growth:

  • Foreign currency outflow: Vietnam loses an estimated USD 2 billion annually as citizens seek treatment abroad, underscoring the urgent need to build trust in domestic services.
  • Policy gaps: The absence of a dedicated medical visa creates significant difficulties for international patients and families requiring long-term stays for treatment.
  • Data “islands”: Despite widespread EMR adoption, national and international health data exchange backbone. Patient information remains siloed within hospitals, preventing seamless care journeys.
  • Language barriers: Limited English proficiency among medical staff and healthcare workers directly impacts international patient experience and reduces Vietnam’s competitiveness compared to regional rivals.

To address these challenges, speakers offered key recommendations:

Ms. Perkins Florence Gaudry, Founder & CEO of Digital Health Partnership (DHP), stressed: “AI and digital health are the future, but AI requires quality data. Vietnam’s biggest challenge today is the lack of a national health data exchange. Investing in this infrastructure is an urgent step.”

Dr. Truong Nguyen Thoai Nhan, Director of Hoan My Da Nang Hospital, emphasized: “In medical tourism, trust is the decisive factor—more important than price. That trust must be built on international standards such as JCI and a flawless customer experience, from airport pickup to safe return home.”

At the Summit’s conclusion, participants agreed that Vietnam’s success in medical tourism depends not only on promoting strengths but on decisive action to synchronize policy and technology, with customer experience and trust at the core.

The Summit’s success was made possible through the support of strategic partners, advisors, sponsors, and media collaborators, including: Hoan My Da Nang Hospital, AdTech Innovation, AmCham, Novotel Danang Premier Han River, Fusion Resort & Villas Da Nang, Digital Health Partnership, Da Nang Investment Promotion Agency, Da Nang Tourism Promotion Center, Da Nang Tourism Association, Da Nang Department of Culture, Sports & Tourism, Da Nang Department of Health, Danang Fantasticity, PR Newswire, and La La Land.

PR Newswire is the Official Press Release Distribution Partner of Da Nang Global Business Summit 2025.

About the Da Nang Global Business Summit:

The Da Nang Global Business Summit Series is an annual event bringing together leading executives, investors, and experts. The summit fosters dialogue, analyzes economic trends, and proposes strategic solutions to drive socio-economic development in Da Nang and the broader Central Vietnam region.

Contact Information

Event Website: https://dnglobalbusinesssummit.com

Organizer: Lion Huynh Tran is a professional B2B brand marketing consultancy and international event organizer. With a mission to support Vietnamese enterprises and global corporations seeking market expansion, we are committed to creating powerful platforms for connection, knowledge-sharing, and strategic collaboration—contributing to the sustainable growth of the business community.

VDI and ALPACA Vietnam Sign Strategic Cooperation Agreement

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Advertorial Desk
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TAIPEI, Nov. 17, 2025 /PRNewswire/ — Viet Digital Investment Joint Stock Company (VDI) and ALPACA Vietnam officially signed a strategic Memorandum of Understanding on Insurance Technology (InsurTech) and comprehensive digital transformation. This event marks an important milestone in promoting the modernization of Vietnam’s insurance industry through technology.

Vietnam’s insurance industry in a strong digital transformation phase

The insurance industry in Vietnam is undergoing digital transformation at an unprecedented speed and scale. According to the Strategy for the Development of Vietnam’s Insurance Market to 2030 approved by the Prime Minister, the goal is to promote the application of technology, diversify insurance products and distribution channels on digital platforms, and move towards a fully digital insurance enterprise model.

In addition, according to a survey published at the 2025 Vietnam Insurance Summit, 95.5% of insurance companies in Vietnam have invested in digital technology, of which 68.2% have significantly increased their investment in digital transformation activities.

However, digital transformation still faces many challenges, from fragmented technology infrastructure, lack of data standardization, to limited technological and insurance expertise. In this context, cooperation between technology enterprises and insurance-focused companies becomes crucial in forming comprehensive partnership models and creating real value for the market.

The combination of two complementary strengths: VDI and ALPACA Vietnam

VDI, with over 14 years of experience in system integration and digital transformation, has established its reputation as a trusted provider in developing large-scale digital infrastructure for enterprises and organizations. With strong implementation capability and an extensive international partner ecosystem such as Dell Technologies, IBM, Check Point, F5, Cisco, Oracle… VDI has been continuously honored in the Top 10 Leading Digital Technology Companies in Vietnam in the categories of Digital Infrastructure and Digital Transformation.

Meanwhile, ALPACA Vietnam, established in 2020 with a core team from Unicorn Solutions, has collaborated with many international InsurTech companies such as MyInsurer, Singlife, Zensur, and 360F. In January 2025, ALPACA Vietnam was officially acquired by TPIsoftware Corporation, a Taiwan-based software company specializing in AI and digital transformation. This marks a new phase of growth and innovation for ALPACA Vietnam.

The cooperation between VDI and ALPACA is not only a connection of technological resources but also a strategic step for both sides to jointly build a domestic digital insurance platform that combines in-depth understanding of the Vietnamese market with international technology standards.

Johnson Controls and Thamrin Nine complete landmark project to power southern hemisphere’s tallest building with green technology, reducing energy use by up to 30 percent

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Advertorial Desk
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Landmark collaboration advances sustainable urban development in Jakarta

JAKARTA, Indonesia, Nov. 17, 2025 /PRNewswire/ — Johnson Controls (NYSE: JCI), the global leader for smart, safe, healthy and sustainable buildings, celebrated the successful completion of a multi-year collaboration with Thamrin Nine, a flagship multi-purpose complex in central Jakarta’s central business district that spans commercial, hospitality and retail spaces. The project, which helps reduce energy use by up to 30 percent, recently achieved BCA (Building and Construction Authority) Green Mark Platinum certification, recognizing its outstanding environmental performance.

As part of the project, Johnson Controls provided chiller plant design and implementation, engineering services and building automation systems for two of Thamrin Nine’s skyscrapers—the Autograph Tower, the tallest building in the Southern Hemisphere at 382.9 meters, and the Luminary Tower. With building systems fully deployed across both towers, Johnson Controls will continue supporting the development through ongoing service and maintenance to ensure long-term efficiency, comfort and enhance equipment lifespan.


Smart Building Technologies for a Future-Ready Urban Icon

Johnson Controls designed, supplied and installed a full suite of integrated building solutions tailored to the complex’s high-performance needs. Thamrin Nine marks the company’s first chiller plant optimization project in Indonesia, which aims to make cooling systems work smarter through advanced technologies and improved operations. Through turnkey project management that covered design, implementation, and integration across systems, Johnson Controls was able to deliver significant energy and cost savings. These included:

  • A 3,100-ton YORK® cooling system for Autograph Tower, designed to meet the Green Mark Platinum certification target of below 0.58 kW/TR. The system helps reduce energy use by up to 30 percent, supporting lower operating costs while maintaining comfort across the building.
  • Three 300 TR high-efficiency YORK chillers integrated with an Energy Management System (EMS) optimizing cooling performance and reducing energy demand in the Luminary Tower, which houses three hospitality properties.
  • Tailored Air Handling Units (AHUs) and Fan Coil Units (FCUs) for diverse commercial, retail, residential, and hospitality zones.
  • Advanced analytics and real-time monitoring based on Metasys Building Management System, enabling facility teams to detect and resolve issues before downtime occurs and improving reliability and reducing maintenance costs.

“This project is a defining milestone for urban development in Jakarta,” said Michael Wiener, Design Director, Thamrin Nine. “Our goal was to change the way people live, work and play in Jakarta —delivering an integrated destination that combines scale, choice, convenience, and sustainability. Johnson Controls has been the ideal partner to help us achieve that vision, and we appreciate their continued support in maintaining performance at the highest standards.”

“Our partnership with Thamrin Nine exemplifies how future-forward engineering and digital optimisation can deliver not just iconic buildings, but greener, smarter cities. By integrating advanced building technologies, we’re creating healthier, more sustainable indoor environments that reduce operational costs, lower carbon emissions, and enhance occupant well-being,” said Wibawa Jati Kusuma, General Manager, Malaysia & Indonesia, Johnson Controls. “With ongoing service and support, we’re committed to helping Thamrin Nine maintain optimised performance and set the pace for sustainable urban development in Indonesia.”

A Model for Sustainable Development in ASEAN

The Thamrin Nine partnership builds on Johnson Controls’ 140-year legacy of innovation and leadership in smart, safe, healthy and sustainable technologies and is part of its expanding portfolio of sustainability-driven projects across Southeast Asia, including:

  • Mactan-Cebu International Airport Authority (Philippines) – Championed operational excellence with Johnson Controls’ Metasys Building Management System.
  • Graha CIMB Niaga Building (Indonesia) – Transformed HVAC performance and energy efficiency through digital modernization, improving sustainability and tenant satisfaction.
  • Ng Teng Fong General Hospital (Singapore) – OpenBlue digital platform delivered millions in energy cost savings while enhancing patient care.
  • City-Centre Development (Singapore) – Set to cut around 88,000 tonnes of CO₂ over 15 years through Energy Performance Contracting (EPC) solution and Cooling-as-a-Service (CaaS) model.

These proven technologies and approaches, adapted for the Jakarta context, support Indonesia’s Net Zero Emissions by 2060 vision—demonstrating how global expertise can address local environmental challenges at scale. As it celebrates its 140th anniversary in 2025, Johnson Controls continues to redefine building performance, driving the next era for commercial buildings, transforming industries and powering its customers’ missions.

About Johnson Controls: 

At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.  

Building on a proud history of 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.  

Today, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.  

Visit johnsoncontrols.com for more information and follow @Johnsoncontrols on social platforms. 

About Thamrin Nine:

Thamrin Nine is a world-class superblock located in the heart of Jakarta. As a first-of-its-kind development, Thamrin Nine seamlessly integrates Grade-A office spaces in Indonesia’s tallest buildings, Autograph Tower and Luminary Tower; luxury residences, Le Parc; a vibrant retail district, Agora Mall; five-star hospitality, including Pan Pacific Jakarta and PARKROYAL Hotel & Serviced Suites Jakarta; and Indonesia’s tallest observatory deck, UP at Thamrin Nine. Designed as a city within a city, Thamrin Nine redefines urban living in Indonesia with its cutting-edge architecture and visionary experiences.

Arup sweeps 13 accolades at the Green Building Award 2025, including the Green Building Leadership Pioneer Award

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Advertorial Desk
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HONG KONG SAR – Media OutReach Newswire – 17 November 2025 – Arup has achieved exceptional success at the Green Building Award (GBA) 2025, securing 13 prestigious accolades and reaffirming its position as an industry leader in sustainable development. Among these distinctions is the highly coveted ‘Green Building Leadership Pioneer Award (Consultants Category)’, recognising Arup’s exemplary performance, strategic vision, and longstanding commitment to shaping a more sustainable and resilient built environment.

Bernadette Linn (centre), Secretary for Development of the HKSAR Government, presented the Green Building Leadership Pioneer Award (Consultants) to the Arup team.
Bernadette Linn (centre), Secretary for Development of the HKSAR Government, presented the Green Building Leadership Pioneer Award (Consultants) to the Arup team.

Arup’s award-winning portfolio spans new and existing buildings, research and planning, as well as building products and technologies. The recognitions highlight contributions to institutional, commercial, and residential projects—across both completed and ongoing developments—as well as the firm’s continued leadership in low-carbon design, advanced building management systems, carbon neutrality strategies, and research into nature-based carbon removal solutions.

For decades, Arup has helped define the sustainability agenda in Hong Kong and the Greater Bay Area. Through its multidisciplinary expertise—integrating engineering, science, planning, digital technologies, and advisory capabilities — the firm has delivered solutions that strengthen climate resilience, accelerate decarbonisation, and enhance urban liveability. As a trusted partner to clients across the public and private sectors, Arup applies global knowledge and local insights to address complex challenges and support long-term, future-ready development.

The GBA judging panel commended Arup for being the first in the industry to commit to net zero emissions in 2019 and for setting an ambitious carbon reduction target for 2040. The panel also recognised the firm’s leadership in assessing climate risk for coastal cities, its contributions to government decision-making, and its global influence in elevating Hong Kong’s green building standards. Arup’s efforts to nurture emerging sustainability talent, and its rigorous approach to double materiality assessment and whole-lifecycle analysis, underscore its dedication to shaping cities that are equitable, resilient, and enduring.

Theresa Yeung, East Asia Managing Principal of Arup, said:
“These awards reflect the trust our clients place in us and the innovative spirit of our multidisciplinary teams. We will continue to advance low-carbon solutions, smart technologies, and people-centred design to shape more liveable and climate-resilient cities across Hong Kong and the Greater Bay Area. Through our expertise, creativity, and commitment to sustainability, we aim to help society accelerate its transition towards a net zero future while cultivating the next generation of sustainability leaders.”

In addition to the Green Building Leadership Pioneer Award (Consultants), Arup received Grand Awards for the following projects: Kai Tak Sports Park, The Henderson, Lee Garden Eight, Central Kowloon Bypass (Yau Ma Tei Section Tunnel) Administration Building, ArchSD’s Carbon Neutrality Strategic Framework and Low Carbon Design Tools, and the AI Solution for Customer Experience Enhancement and Energy Efficiency at ELEMENTS.

Six Merit Awards were also presented to: The New CLP Headquarters Building, 70 To Kwa Wan Road, Ming Wah Dai Ha Phase 2 Redevelopment, Design-Build-Operate Contract for the Additional District Cooling System at the Kai Tak Development, Study on Carbon Removal Potential of Trees in Hong Kong, and Nan Fung Workplace.

Notably, The Henderson and The New CLP Headquarters Building received the Special Citation on Green Financing and the Special Citation on United Nations Sustainable Development Goals (UN SDGs), respectively.

The Green Building Award 2025, jointly organised by the Hong Kong Green Building Council and the Professional Green Building Council, continues to honour industry leaders who are propelling Hong Kong’s transition towards carbon neutrality and driving innovation in sustainable urban development.

Arup’s Green Building Awards at a glance

Pioneer Award
Green Building Leadership

(Consultants)

Arup

Grand Award
New Buildings (Completed Projects – Commercial) The Henderson

* Recognised with Special Citation on Green Financing

New Buildings (Completed Projects – Institutional) Central Kowloon Bypass (Yau Ma Tei Section Tunnel) Administration Building
New Buildings (Completed Projects – Institutional) Kai Tak Sports Park
New Buildings (Projects Under Construction and/or Design –Commercial) Lee Garden Eight
Building Products & Technologies AI Solution for Customer Experience Enhancement and Energy Efficiency at ELEMENTS
Research & Planning ArchSD’s Carbon Neutrality Strategic Framework and Low Carbon Design Tools

Merit Award
New Buildings (Projects under Construction and/or Design – Institutional) Design-Build-Operate Contract for the Additional District Cooling System (DCS) at the Kai Tak Development (KTD)
New Buildings (Completed Projects – Commercial) The New CLP Headquarters Building

* Recognised with Special Citation on UN SDGs

New Buildings (Projects Under Construction and/or Design –Residential) 70 To Kwa Wan Road
New Buildings (Projects Under Construction and/or Design –Residential) Ming Wah Dai Ha Phase 2 Redevelopment
Existing Buildings (Interiors) Nan Fung Workplace
Research & Planning Study on Carbon Removal Potential of Trees in Hong Kong

Hashtag: #Arup

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

About Arup

With over 45 years of presence in the Greater Bay Area, our offices in Hong Kong, Macau, Shenzhen and Guangzhou work closely to deliver a wide arrange of local landmarks, such as the Hong Kong International Airport, Kai Tak Sports Park in Hong Kong, Macau LRT Seac Pai Van Line and Hengqin Line, DJI Sky City in Shenzhen and HKUST (GZ).

In recent years, we have been helping to deliver some of the most challenging cross-border facilities and strategic cooperation zones to drive integration and long-term prosperity in the area. These include the Hong Kong-Zhuhai-Macao Bridge, Guangzhou-Shenzhen-Hong Kong Express Rail Link Hong Kong section, Qianhai infrastructure consultancy and Hengqin New Area urban design.

BiyaPay Strategic Upgrade: Building a Next-Gen Digital Finance Platform

By
Advertorial Desk
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SINGAPORE, Nov. 17, 2025 /PRNewswire/ — BiyaPay today announced a strategic upgrade, unveiling its next-phase strategic blueprint dedicated to building a digital financial platform that seamlessly connects the traditional finance and digital asset ecosystems. The core objective of this strategic upgrade is to empower users to more freely exercise rights pertaining to wealth mobility, investment, and returns within a compliant and secure environment, marking BiyaPay’s significant transformation from a pure trading tool into a comprehensive financial services platform.

BiyaPay: A Leading Neobank Case in Asia

As a leading Neobank case in Asia, BiyaPay provides convenient and efficient financial services for global users through digital technology, innovative services, and ongoing compliance efforts. The platform not only integrates traditional financial services with digital asset trading but also breaks the service limitations of traditional banks through smart investment advisory and cross-asset integration, meeting global users’ demand for flexible financial services.

Four Core Pillars: Empowering User Wealth Growth

BiyaPay’s strategy will revolve around four core pillars:

  • Compliance and Security: BiyaPay continues to strengthen its compliance foundation, advancing applications for licenses in multiple countries worldwide to provide compliance assurance for international expansion.
  • Efficiency and Inclusivity: By optimizing fee structures and transaction speeds, BiyaPay reduces the costs of cross-border payments and asset trading, democratizing access to global market opportunities.
  • Connectivity and Integration: BiyaPay integrates cross-asset management, enhances user fund liquidity, and builds a unified account system.
  • AI Technology Drive: BiyaPay applies artificial intelligence to product optimization and technical development, enhancing both user experience and platform security.

Future-Oriented Technical Infrastructure

BiyaPay plans to launch its own high-performance blockchain in 2026, supporting 7×24 spot trading of tokenized US stocks on-chain, promoting global asset interoperability. It will further launch Decentralized Exchange (DEX) functionality, achieving seamless integration of capital flow and investment execution.

“Bi-Monthly Upgrade”: Delivering on Strategic Actions

The implementation of BiyaPay’s strategy has officially commenced. Starting today, the platform enters a “Bi-Monthly Upgrade Period,” during which it will gradually roll out multiple new features according to plan, further enhancing security, inclusivity, and user connectivity. Recent upgrades include:

  • Backend Optimizations:
    Further strengthening institutional verification (KYB) and institutional-grade risk control, improving the traceability of transactions and clearing, and optimizing the system’s high-concurrency processing capability to ensure platform stability and reliability.
  • Experience Enhancements:
    Launching a Web-based trading module, optimizing the trading experience for professional users, enhancing market depth and K-line chart interaction, and improving order placement paths and fund transfer processes. The upcoming US stock fractional share trading and scheduled investment features in November will further lower the investment threshold, helping more users easily access global markets.

These updates will help BiyaPay expand its B2B and professional user base, making account management clearer and trade execution more controllable, thereby further consolidating the foundation for the platform’s long-term development.

CEO Barton on the Future

“We firmly believe that the future of finance lies in openness, integration, and autonomy,” said BiyaPay CEO Barton. “Our role is not just to provide products, but to act as a trusted financial partner for our users. Through continuous technological innovation and compliance building, we provide users with a low-friction, high-transparency financial services platform, helping them manage global wealth with confidence.”

About BiyaPay

BiyaPay is a globally leading fintech platform, holding financial licenses in multiple countries including the United States, Canada, and New Zealand. It provides multi-asset trading services such as international remittance, US and Hong Kong stock trading, and digital currency spot/contract trading, committed to providing users with low-friction, cross-border asset management and allocation services.

Official website address: https://www.biyapay.com/

Customer service Telegram: https://t.me/biyapay001

Telegram Community: https://t.me/biyapay_ch

Customer service email: service@biyapay.com

Mekong–Lancang Nations Step Up Fight Against Cross-Border Cybercrime

By
Phontham Visapra
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Mekong–Lancang Nations Step Up Fight Against Cross-Border Cybercrime
(photo credit: Royal Thai Police)

Six Mekong-Lancang countries have agreed to intensify cooperation against transnational telecom and online fraud, adopting urgent measures aimed at real-time data sharing, stricter SIM-card controls, and the appointment of cyber liaison officers.

Continue

ChulaVerse: A Virtual World for Immersive Learning

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Advertorial Desk
-

BANGKOK, Nov. 17, 2025 /PRNewswire/ — Chulalongkorn University has developed ChulaVerse, a virtual world designed to promote lifelong and immersive learning. The platform comprises two parts: CV World, where users create avatars to explore the campus and join 3D events, and CV Learn, a virtual classroom offering immersive content such as 360-degree videos, simulations, and VR tours.

ChulaVerse: A Virtual World for Immersive Learning
ChulaVerse: A Virtual World for Immersive Learning

The concept emerged as a response to disruptions from COVID-19 and, later, the March 2025 earthquake, which forced the cancellation of open houses and other events. ChulaVerse allows prospective students to experience these activities in virtual reality instead, ensuring continuity of learning and engagement even in times of crisis.

Led by Associate Professor Dr. Gridsada Phanomchoeng and colleagues from the Immersive Technology Lab (IMT Lab), the project began in 2023. The team, now 19 members strong from multiple disciplines including medicine, law, engineering, and business, aimed to create impactful educational technology that could be adapted across fields.

What’s inside ChulaVerse?

  • CV World lets users design avatars, visit 3D models of university landmarks, and participate in virtual lectures, seminars, and exhibitions. Functions include microphones, cameras, chat, and file sharing.
  • CV Learn focuses on lifelong learning, connecting to existing systems like MyCourseVille and MDCU MedUMore. It issues certificates and hosts immersive courseware. Users can choose either VR access with headsets or standard web browsers.

Learning in Practice
Virtual classrooms have been piloted in courses such as robotics, medicine, and science. Compared with Zoom, avatars in CV World create a more interactive experience. Medical students can also rehearse procedures—like CPR or surgery—using VR before real-world training. While virtual tools cannot replace hands-on practice, they serve as valuable supplements, particularly for international or remote students.

Future Directions
ChulaVerse already offers 13 immersive medical modules and has attracted around 1,000 users in its first year. The team is working with organizations like the Boromarajonani National Institute of Drug Abuse Treatment and Rehabilitation (BNIRTD) to expand content into healthcare and beyond. In the future, more faculties are expected to add customized modules, making ChulaVerse a hub for borderless education.

With its presence at www.chulaverse.com, Chulalongkorn University now extends far beyond its Bangkok campus—offering a seamless blend of innovation, accessibility, and immersive learning for the future.

Read the full article at https://www.chula.ac.th/en/highlight/268006/

Media Contact: 
Chula Communication Center 
Email: Pataraporn.r@chula.ac.th

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