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Coway Announces Financial Results for Q3 FY2025

SEOUL, South Korea, Nov. 7, 2025 /PRNewswire/ — Coway Co., Ltd., the “Best Life Solution Company,” has today released its financial results for the third quarter of 2025.

“Strong sales of our leading home environment appliances, along with the steady growth of our BEREX lineup of beds and massage chairs, have driven overall performance this quarter,” said Soon Tae Kim, Coway’s Chief Financial Officer. “Building on this core business competitiveness, we will continue to strengthen our future growth drivers and sustain balanced momentum across both domestic and global markets going forward.”

Coway Financial Results
Coway Financial Results

Coway’s reported earnings are as follows:

  • Third quarter revenue: KRW 1,254.4 billion (+14.0% YoY)
  • Third quarter operating profit: KRW 243.1 billion (+17.4% YoY)

* The reported figures are taken from the consolidated K-IFRS (International Financial Reporting Standards) statement.

Coway’s cumulative revenue for 2025 has now reached KRW 3,688.2 billion (+15.8% YoY), with an operating profit of KRW 697.0 billion (+13.9%).

Within the domestic market, Coway achieved a third-quarter revenue of KRW 740.2 billion, a 12% increase when compared with the same period last year. This strong performance was driven by robust sales of the new Icon Ice Water Purifier series, which features three models and has been designed to meet diverse capacity needs, from compact to large. Thanks to this addition to the company’s portfolio, sales of Coway’s ice water purifiers rose by approximately 25% year-on-year during August and September, setting a new sales record for the category.

Meanwhile, Coway’s overseas subsidiaries also delivered robust growth in the third quarter, posting revenue of KRW 469.3 billion, a 19.9% year-on-year increase. The company’s Malaysia subsidiary achieved an impressive revenue featuring a 20% year-on-year increase of KRW 352.1 billion, while the United States and Thailand subsidiaries also achieved steady growth, recording revenues of KRW 57.5 billion (+7.8% YoY) and KRW 41.8 billion (+28.5% YoY) respectively.

For additional details about Coway’s financial performance, please visit the company’s Investor Relations page.

About Coway Co., Ltd.

Established in Korea in 1989, Coway, the “Best Life Solution Company,” is a leading home environment appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. BEREX, the company’s sleep & wellness brand, aims to improve the quality of life through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the home environment appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe, based on the business success in Korea. In 2025, the company launched Coway Life Solution, a premium elder care platform offering personalized care solutions tailored to different life stages. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

PotisEdge Announces Triple Partnership to Deliver Over 3GWh of Energy Storage Systems Across Australia

MELBOURNE, Australia, Nov. 7, 2025 /PRNewswire/ — At the 2025 All-Energy Australia exhibition, PotisEdge forged three strategic partnerships that together will deliver over 3GWh of energy storage capacity nationwide, establishing its integrated presence across Australia’s energy storage market, spanning residential, commercial & industrial (C&I), and utility-scale segments.

Under the agreements, PotisEdge has appointed Club Solar as its official distributor for Residential energy storage systems throughout Australia, with a total contracted volume of 2GWh over the next three years. Integrated with PotisEdge’s VPP-ready technology, the residential systems will enable households to participate in grid balancing and earn additional income through a significant collaboration with CovaU Energy. This will help PotisEdge’s energy systems deliver the dual benefit of lower electricity bills and new revenue streams.

In the C&I segment, PotisEdge signed an agreement with PowerBay to deploy 200 units PotisEdge C&I energy storage solutions to Australian enterprises. Leveraging PowerBay’s expertise, the partnership will deliver competitive and customized solutions that help Australian businesses lower energy costs and accelerate progress toward sustainability goals.

For large-scale storage clients, a Memorandum of Understanding (MOU) was signed with Auspira for a combined 1GWh of utility-scale and C&I storage deployments. This mixed-project portfolio will provide comprehensive grid and energy management solutions for a wider range of Australian energy providers and users.

The company also showcased innovative products tailored for the Australian market. The OmniCube-L233 and PotisFlexi-L261x systems offer highly integrated C&I energy storage solutions for businesses such as industrial parks and solar-integrated charging applications. Designed with safety and efficiency, the PotisBank-L6.25-AC supports grid frequency regulation and renewable energy integration for utility-scale energy projects.

All partnerships incorporate localized technical support to ensure seamless integration and consistently outstanding operational experiences. PotisEdge is also actively advancing CEC listing for product market entry, further reinforcing its long-term commitment to the Australian market.

These collaborations position PotisEdge as a key partner in Australia’s energy transition, delivering internationally proven storage technology backed by local expertise.

About PotisEdge:

PotisEdge maintains wholly-owned subsidiaries across Sweden, the U.S., Australia, Singapore, and Hong Kong SAR, with manufacturing bases located in Suzhou, China and Atlanta, the U.S. It currently operates 31GWh of production capacity, targeting expansion to over 100GWh by 2028. PotisEdge combines cutting-edge innovation, operational excellence, and financial stability to serve C&I and utility-scale clients worldwide.

Laos Launches Emergency Response After First Polio Outbreak in Nearly a Decade

Daeng Xayaseng, Maternal and Child Health Manager, vaccinates children against polio in Nampoung village, Vientiane Province, Laos. (Photo credit: UNICEF Laos/2018/Simon)

Laos has confirmed its first polio outbreak in almost ten years, with three cases reported in Savannakhet Province, prompting an urgent nationwide vaccination campaign.

The Ministry of Health said the cases involved a three-year-old boy from Nathong village, who developed paralysis in June, and two girls, aged one and three, from Tang Waiy village in Xonnabouly district. Laboratory tests confirmed all three were infected with circulating vaccine-derived poliovirus type 1 (cVDPV1).

According to the World Health Organization (WHO), this strain is a mutated form of the oral polio vaccine virus that can spread in communities with low immunization coverage and cause paralysis.

Following the detection of the first case in June, health authorities, working with the WHO, provincial governments, and development partners, launched a large-scale response that includes door-to-door vaccination, intensified sanitation efforts, and enhanced disease surveillance. The campaign aims to reach every child under five years old in high-risk areas.

Deputy Health Minister Phaivanh Keopaseuth, during a field visit to Xonnabouly district on 20 October, urged health workers to maintain strict monitoring and ensure full vaccination coverage. He also stressed continuous health education and adherence to the “three cleanliness principles”, clean food, clean living, and good hygiene, while encouraging parents to vaccinate their children and deliver babies in health centers.

Local officials reported that vaccination coverage in affected villages has reached nearly 100 percent, though national surveillance remains heightened. The Ministry of Health has directed all provinces to prepare rapid response teams, strengthen daily reporting, and ensure sufficient vaccine supplies.

Poliomyelitis (polio) is a highly contagious viral disease that primarily affects children under five. It spreads through the faecal-oral route and can cause irreversible paralysis, according to WHO.

Meanwhile, Thailand has tightened health controls along border provinces, including Mukdahan, Amnat Charoen, Ubon Ratchathani, and Nakhon Phanom, and recommended vaccination for children aged one to five, as well as for foreign children under 15 living in at-risk areas.

Laos, declared polio-free in 2000, last reported cases in 2016, when two children in Bolikhamxay Province died from the virus.

Laos Reaffirms Commitment to Inclusive Growth and Social Progress at UN Summit

Laos Reaffirms Commitment to Inclusive Growth and Social Progress at UN Summit
Deputy Prime Minister Saleumxay Kommasith at the UN Summit in Qatar (photo credit: Pasaxon Daily)

Laos has reaffirmed its commitment to inclusive, people-centered development and called for stronger international cooperation to tackle poverty and inequality at the Second World Summit for Social Development, held from 4 to 6 November in Doha, Qatar.

Canon Drives the Future of Smart Work at Think Big Bangkok 2025

Executive forum will provide a strategic roadmap for equipping businesses in Thailand for the future of work through cloud and AI innovations


BANGKOK, THAILAND – Media OutReach Newswire – 7 November 2025 – Canon today announced its upcoming Think Big Bangkok Series, with the theme of ‘The Future of Smart Work: AI. Cloud and Beyond.’. Taking place at the Eastin Grand Hotel Sathorn on 21 November 2025, business leaders and key tech industry players will gather to explore how artificial intelligence (AI) and cloud technology can come together to automate workflows and information management, streamline print and scan management, and tighten security and compliance, equipping businesses in Thailand with a strategic edge in today’s dynamic economy.

Canon announces Think Big Bangkok 2025

The dialogue surrounding cloud and AI innovations is more pertinent than ever, amidst Thailand’s significant investments into AI adoption nationwide. With the Thailand National AI Board investing around US$770 million in the National Artificial Intelligence Development Framework for the next two years, Thailand is set to become a fertile economic ground for AI- and cloud-driven digital transformation.

“The accelerating adoption of AI, cloud, and digital automation is redefining how businesses across Asia evolve, with Thailand standing out as one of the most enterprising markets driving this change,” said Norihiro (Nick) Katagiri, Senior Vice President, Regional Digital Printing and Business Solution Operations, Canon Singapore. “Think Big Bangkok aims to provide business leaders with practical insights and tools to unlock the full potential of AI and cloud technologies, helping them innovate, stay ahead, and lead with confidence in the digital age.”

Smart Innovations and Strategic Insights for a Competitive Digital Edge
Think Big Bangkok 2025 will provide industry-leading insights through an expert-led seminar. The session will equip business leaders with tools to capitalise on Thailand’s growing AI adoption efforts. The executive forum will also explore how to leverage integrated solutions to redefine operations and build a lasting competitive advantage in the future of work.

The forum’s speaker lineup comprises leading voices in the technology sector, with representatives from Canon Marketing Thailand, NT-ware, UiPath Inc. and Active Media Thailand.

Canon will also host a dedicated solutions showcase designed to demonstrate how businesses can build smart workplaces on the frontier of Thailand’s burgeoning AI economy. These solutions include:

  • imageFORCE: Canon’s intelligent multi-function device (MFD) series that enables seamless, flexible connectivity to cloud repositories and business solutions, making it easy for enterprises to access, share and manage documents anytime, anywhere.
  • uniFLOW Online: A scalable and secure print and scan cloud-based solution that allows enterprises to centralise cost management and reporting. It supports secure printing and scanning, simplifies administration and enhances productivity.
  • Therefore™ Online: An AI-powered, cloud-based information management solution that empowers enterprises to automate data extraction and streamline manual processes, boosting productivity and security, while minimising human errors.

“As Thailand forges ahead on its digital transformation journey, we will continue to see tremendous potential for AI and cloud technology adoption across key sectors such as manufacturing, insurance and logistics,” said Pongsaporn Krobsanit, Assistant Director, Business Imaging Solutions, Canon Marketing Thailand. “With strong government support, Thailand is uniquely positioned to set the regional benchmark in digital innovation. Through Think Big Bangkok 2025, Canon is committed to equipping business leaders with scalable solutions that harness automation, AI and cloud technologies to catalyse this shift, delivering efficiency, resilience, and sustainable growth in the years ahead.”

For more information on Think Big Bangkok 2025, please visit: https://bcbs.asia.canon/discover/events/think-big/the-future-of-smart-work-ai-cloud-beyond/

About Think Big Leadership Business Series
The Think Big Leadership Business Series, an initiative by Canon, is designed to inspire and empower business leaders with forward-looking strategies and actionable insights. First launched in Singapore in 2010, the platform helps organisations navigate today’s fast-evolving business landscape by demonstrating how innovation and technology can drive sustainable growth.
Hashtag: #Canon

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

About Canon Singapore Pte. Ltd.

Canon is a global leader in photographic and digital imaging solutions. Canon Singapore Pte. Ltd. is the headquarters for South & Southeast Asia driving sales, marketing and service strategies. Besides handling the domestic market, the company covers 22 other countries and regions. The parent company Canon Inc. has a global network of more than 300 companies and employs about 170,000 people worldwide. Canon is guided by its kyosei philosophy that focuses on living and working together for the common good.

More information is available at .

Hotel The Celestine Kyoto Gion Awarded a MICHELIN One-Key Rating for the Second Year in a Row

A serene sanctuary and an elegant gateway to Kyoto’s autumn splendor

TOKYO, Nov. 7, 2025 /PRNewswire/ — Mitsui Fudosan Hotel Management Co., Ltd. is delighted to announce that Hotel The Celestine Kyoto Gion has once again earned the prestigious Michelin One-Key distinction, marking its second consecutive year of recognition by the Michelin Guide released on October 8, 2025. Four other distinguished properties within the Mitsui Fudosan Hotel Management portfolio were also featured in this year’s edition.

Awarded a MICHELIN One-Key Rating for the Second Consecutive Year.
Awarded a MICHELIN One-Key Rating for the Second Consecutive Year.

Launched in 2024, the Michelin Key recognizes hotels offering exceptional and memorable stays that embody excellence in design, comfort, and service. In its second year, the program honored 128 remarkable properties across Japan.

Located in the heart of Higashiyama, Kyoto’s storied district of tranquil beauty and deep cultural heritage, moments from the historic Kennin-ji Temple, Hotel The Celestine Kyoto Gion harmoniously blends timeless Kyoto aesthetics with contemporary sophistication. Guests are invited to savor a Kyoto-style breakfast curated by the historic restaurant Yasaka Endo, unwind in serene public baths overlooking an intimate garden, and immerse themselves in Japanese artistry within the guest lounge, where origami paper and traditional stationery invite moments of quiet reflection. This season, the hotel also invites guests to embrace the spirit of self-care travel—a refined “treat-yourself” retreat for those seeking calm, beauty, and renewal amid Kyoto’s autumn splendor.

The Celestine Hotels brand encompasses three distinctive destinations in Japan—Kyoto, Ginza, and Shiba in Tokyo. Each embodies the concept of an elegant retreat, offering refined experiences inspired by the local culture and surroundings. This autumn, we warmly invite guests to discover Kyoto’s breathtaking foliage and embrace the season’s allure amid the comfort, grace, and genuine hospitality that define The Celestine experience.

HOTEL THE CELESTINE KYOTO GION

Address: 572 Komatsucho, Yasaka-dori, Higashioji Nishi, Higashiyama-ku, Kyoto 605-0933
https://www.celestinehotels.jp/en/kyoto-gion/

HOTEL THE CELESTINE TOKYO SHIBA https://www.celestinehotels.jp/en/tokyo-shiba/
HOTEL THE CELESTINE GINZA
https://www.celestinehotels.jp/en/ginza/

Nearby Fall Foliage Destinations

Kyoto’s fall colors are typically at their most magnificent from late November to early December.

Kiyomizu-dera Temple & Yasaka Shrine Area

Located in Higashiyama, this celebrated area offers breathtaking views of temples framed by crimson maple leaves, just a 12-minute stroll from the hotel. During the limited autumn illumination period, Kiyomizu-dera Temple glows in ethereal beauty, inviting evening visitors to experience Kyoto’s enchanting autumn nights.

  • Fall 2025 illumination:     November 22 (Saturday) to December 7 (Sunday)
  • Extended hours:              5:30 p.m.– 9:00 p.m. (last admission)

Kennin-ji Temple

As Kyoto’s oldest Zen temple and the head temple of the Kennin-ji sect of Rinzai Buddhism, this spiritual landmark exudes a serene atmosphere that perfectly complements the season’s hues. Its iconic rock garden, framed by white gravel and green moss, highlights the gentle contrast of autumn leaves. Only a 7-minute walk from the hotel, Kennin-ji offers a peaceful haven ideal for leisurely contemplation.

  • Fall 2025 illumination:     November 29 (Saturday) to December 13 (Saturday)
  • Extended hours:              5:30 p.m.–7:00 p.m. (last admission)

 

Kennin-ji Temple, famed for its autumn colors, is a 7-minute walk from the hotel.
Kennin-ji Temple, famed for its autumn colors, is a 7-minute walk from the hotel.

Four Other Hotels Featured in the Michelin Guide

Alongside Hotel The Celestine Kyoto Gion, four additional properties under the Mitsui Fudosan Hotel Management portfolio have been recognized, reflecting the group’s unwavering commitment to refined design, gracious comfort, and heartfelt hospitality.

Highlights:

  • Hotel The Celestine Ginza

– An urban sanctuary in the heart of Ginza, offering tranquil guestrooms and exceptional dining at the signature restaurant, Ginza Casita

Address: 8-4-22 Ginza, Chuo-ku, Tokyo 104-0061

https://www.celestinehotels.jp/en/ginza/

https://www.youtube.com/watch?v=8vJUyvdQemc

  • Mitsui Garden Hotel Ginza Premier

– The only high-rise property in Ginza, where every guestroom above the 16th floor reveals sweeping city panoramas and understated elegance.

Address: 13-1 Ginza, Chuo-ku, Tokyo 104-0061

https://www.gardenhotels.co.jp/ginza-premier/eng/

https://www.youtube.com/watch?v=jPAnbGISxRQ

  • Mitsui Garden Hotel Yokohama Minatomirai Premier

– A refined bayside retreat featuring a Sky Pool with panoramic views of Tokyo Bay and the distant silhouette of Mt. Fuji.

Address: Minato Mirai, Nishi-ku, Yokohama City, Kanagawa 220-0012

https://www.gardenhotels.co.jp/yokohama-minatomirai-premier/eng/

https://www.youtube.com/watch?v=QqPVnmgEI14

  • Mitsui Garden Hotel Kyoto Sanjo Premier

– A tranquil hideaway on Sanjo-dori Street, where a serene courtyard lounge and restorative bath facilities embody Kyoto’s spirit of calm.
Address: 45-1 Hishiya-cho, Higashiiru, Higashinotoin, Sanjo-dori, Nakagyo-ku, Kyoto 604-8131

https://www.gardenhotels.co.jp/kyoto-sanjo-premier/eng/

https://www.youtube.com/watch?v=Qk0YPpWF_ZU

About the MICHELIN Key Rating

Introduced in 2024, the MICHELIN Key celebrates hotels offering extraordinary stays that engage and inspire —just as the MICHELIN Stars honor the art of fine dining.

  • One Key: A remarkable stay distinguished by character and individuality
  • Two Keys: An exceptional stay defined by refinement and sophistication
  • Three Keys: A transcendent stay representing the pinnacle of design, comfort, and service

Evaluation Criteria:

  1. The hotel itself serves as a destination
  2. Excellence in architecture and interior design
  3. Consistent quality in service and comfort
  4. Experience reflecting exceptional value
  5. Distinct personality and authenticity

 

About Mitsui Fudosan Hotel Management

Mitsui Fudosan Hotel Management curates three distinctive brands designed to complement a spectrum of modern lifestyles:

  • Mitsui Garden Hotels – embodying the concept of Stay in the Garden, these 34 properties across Japan and abroad invite guests into serene spaces inspired by nature, each offering spaces and experiences that utilize the unique characteristics of its location.
  • The Celestine Hotels – destination hotels crafted on the concept of “Cultivating and Weaving Deep Connections,” where the essence of the stay lies in the experience itself.
  • sequence – a next-generation lifestyle brand offering freedom, flexibility, and personalized ways to stay.

Guided by the philosophy of creating memorable hotels that engage the senses and enrich each journey, Mitsui Fudosan Hotel Management continues to redefine contemporary Japanese hospitality for discerning global travelers.

Mitsui Garden Hotels https://www.youtube.com/watch?v=3g34lBUUBYU

VTOMAN Launches Unbeatable Black Friday Deals with Massive Savings on Portable Power Stations

LOS ANGELES, Nov. 7, 2025 /PRNewswire/ — VTOMAN, a leading name in portable power technology, today announced its highly anticipated Black Friday Extravaganza, featuring record-breaking discounts on its best-selling portable power stations and solar panels. Running from November 6 through December 2, 2025, this event marks VTOMAN‘s biggest promotion of the year — empowering adventurers, homeowners, and everyday users to experience reliable, sustainable energy at the best prices of the season.

VTOMAN
VTOMAN

Unbeatable Deals for Every Power Need

Whether you’re preparing for outdoor adventures, off-grid living, or emergency backup, VTOMAN’s Black Friday lineup delivers powerful solutions at incredible value:

On top of these markdowns, VTOMAN is offering a tiered instant-discount promotion across all power station orders:

  • Spend $1,000, get $100 off
  • Spend $1,500, get $150 off
  • Spend $2,000, get $200 off
  • Spend $2,500, get $250 off

Exclusive Free Gifts for Every Purchase

To make the savings even sweeter, qualifying orders will also receive exclusive gifts — all while supplies last:

  • Orders ≥ $500 → FREE Charging Cable + Fridge Magnet
  • Orders ≥ $1,000 → FREE 30 W Wall Charger
  • Orders ≥ $1,500 → FREE VTOMAN Sweatshirt
  • Orders ≥ $2,000 → FREE Power Station Bag
  • Orders ≥ $2,500 → FREE V32 Cordless Pressure Washer

The VTOMAN Black Friday Extravaganza runs from November 6December 2, 2025, exclusively on VTOMAN.com.

Built on Reliability. Driven by Trust.

At the heart of VTOMAN lies a deep commitment to dependability and customer trust. Every product is engineered to deliver consistent performance — no matter the conditions — ensuring users always have power when they need it most.

With LifeBMS™, VTOMAN’s advanced battery-management system, every unit continuously monitors key performance indicators in real time to protect against temperature changes, overcharging, and short circuits. Combined with LiFePO₄ battery chemistry, VTOMAN sets a new benchmark for safety and reliability, giving users peace of mind whether at home or outdoors.

Empowering a Sustainable Energy Lifestyle

VTOMAN believes everyone deserves access to clean, reliable, and affordable energy. By focusing on reliability, safety, and user-centric design, VTOMAN empowers individuals to embrace sustainable living without compromise — providing portable power that fuels exploration and everyday life alike.

Mastering New Energy Your Way.
This guiding philosophy reflects VTOMAN’s mission to make sustainable energy lifestyles accessible to all — putting reliable innovation directly into the hands of every user.

About VTOMAN

VTOMAN is a global brand specializing in the R&D, manufacturing, and distribution of lithium-ion portable power stations and renewable energy solutions. Guided by its core value of Reliability, VTOMAN is committed to making sustainable energy accessible to everyone through continuous innovation and dependable design.

For more information, visit www.VTOMAN.com.

Contact: Market Team   marketing@vtoman.com 

CCTV+: 13th Global Video Media Forum held in Xi’an with call to amplify voice of Global South

XI’AN, China, Nov. 7, 2025 /PRNewswire/ — The Global South Media Partners Mechanism Inauguration Meeting and the 13th Global Video Media Forum (VMF) opened on Thursday in Xi’an of northwest China’s Shaanxi Province, bringing together government officials and international media leaders to explore the media’s role in global governance and issuing a call to work together to amplify the voices of the Global South.

Themed “Building Consensus for Shared Benefits: Media’s Role in Global Governance,” the forum has gathered more than 300 guests, including the heads of international organizations and media institutions from 40 countries and regions, as well as representatives from embassies in China.

The two-day event is jointly sponsored by the CCTV Video News Agency (CCTV+), the Publicity Department of the Communist Party of China (CPC) Xi’an Municipal Committee, and the China Media Group (CMG) Shaanxi Bureau, with help from the China Global Television Network (CGTN).

The forum saw the official launch of the Global South Media Partners Mechanism, a new platform initiated by the CMG which aims to deepen collaboration among media outlets of the Global South, encourage practical cooperation, content sharing, professional training and joint productions, as well as foster dialogue and research among participating media partners.

It has been established under the guiding principles of promoting equal consultation, common development, and enhancing the discourse power of the Global South, and has already seen the participation of 528 media organizations from 114 countries and regions.

Pakistani President Asif Ali Zardari, Sri Lankan President Anura Kumara Dissanayake and Uruguayan President Yamandu Orsi each sent congratulatory letters extending their best wishes for the complete success of the forum and commending the launch of the new cooperation mechanism.

In a keynote address, Zhao Yide, Secretary of the Shaanxi Provincial Committee of the Communist Party of China (CPC) and Chairman of the Standing Committee of the Shaanxi Provincial People’s Congress, stated that Shaanxi Province, while serving as the host location of the forum, is keen to further strengthen cooperation and exchanges with media organizations from various countries so as to achieve greater progress in the media industry and promote deeper mutual learning among civilizations.

Shen Haixiong, Deputy Head of the Publicity Department of the CPC Central Committee and President of the China Media Group, stated in his speech that as the world has entered a new period of turbulence and transformation, the Global Governance Initiative proposed by Chinese President Xi Jinping directly addresses the most pressing and urgent needs of the Global South countries.

He said the CMG initiated the establishment of the Global South Media Partnership Mechanism to work together with international media counterparts in exploring the media’s responsibility in global governance, and stresses the importance of upholding journalistic professionalism, embracing the technological transformation, building bridges for dialogue, and focusing on development cooperation.

The CMG stands ready to work hand in hand with its Global South media partners to seize the opportunity to move forward together, contributing their shared wisdom and strength to build a fairer, more inclusive, and better world order, Shen said.

The symbolic moment of the launch of the Global South Media Partners Mechanism saw Chinese officials and media leaders join together with other international guests including Ahmed Nadeem, Secretary-General of the Asia-Pacific Broadcasting Union, Abelrahim Suleiman, Director General of the Arab States Broadcasting Union, Juan Carlos Isaza, Executive Director of Latin American Information Alliance, and Anthony Greene, President of the Caribbean Broadcasting Union, to officially inaugurate the mechanism.

At the forum, guests shared their views on topics such as the media’s role and responsibility in global governance, achieving a more equitable global communications order, and advancing mutual learning among civilizations.

Omar Razzaz, the former Prime Minister of Jordan, stated that as a member of the Global South, Jordan firmly believes that unity and collaboration are the only way to meet the current challenges and seize opportunities. He noted that the Global South Media Partnership Mechanism enables media organizations from various countries to transcend regional and cultural differences and jointly enhance the international discourse power of the Global South.

Patrick Muyaya, Minister of Information and Media and Government Spokesperson of the Democratic Republic of the Congo, stated that Global South media should shift from being mere observers of global narratives to becoming the main drivers of their own stories. He also believes the new Global South Media Partners Mechanism is not only a proactive response to the needs of the current era but also an important platform for enhancing the capacity of the media, deepening cooperation in content production, and stimulating innovation.

Nguyen Thanh Lam, President of Vietnam Television, said the mechanism will help Global South media further deepen mutual learning, experience sharing, and boost the co-creation of content, while amplifying voices of unity, responsibility, and innovation to global audiences.

Mederbek Shermetaliev, director of the Kyrgyz National Kabar News Agency, stated that strengthening communication and cooperation among Global South media helps promote a more just and reasonable international communication order. He said the new Global South Media Partners Mechanism is committed to ensuring the voices of all countries are fully heard and promoting more balanced development of the global media landscape.

Agnes Nguna, Managing Director of the Kenya Broadcasting Corporation, stated that African countries are eager to use their own voices to tell their own stories and convey a true and comprehensive image of their nations to the world. She said she is confident the Global South Media Partners Mechanism will provide valuable opportunities for media outlets across the continent and allow Africa to “no longer whisper in the corners or beg for a place by someone else’s fire.”

Jorge Luis Palenque, CEO and general director of Bolivia’s Popular Radio and Television, said the forum has prompted all parties to rethink the role the Global South media should play in jointly building a more balanced media governance system.

Leaders from multiple international media organizations, mainstream global media outlets, and diplomatic missions in China also sent in video messages which were shown at the event, expressing their willingness to work closely with Global South media peers, use dialogue to eliminate bias and make joint efforts to build consensus, thereby promoting a more balanced, inclusive, and sustainable media ecosystem.

A number of significant media cooperation outcomes were also announced or unveiled at the forum.

The CMG has worked in collaboration with media groups and universities to establish the Global South Media Training Center in Sanya City on south China’s island province of Hainan, with aims to promote media talent exchange among Global South countries, cultivate professional ethics, and explore technological innovations.

CGTN also officially launched three specialized channels on free advert-supported streaming television (FAST) platforms on Thursday, offering a variety of programming to global viewers. The newly launched channels — CGTN Global Biz, China Travel and Discovering China — will be broadcast 24/7 across 15 major international FAST platforms, reaching nearly 200 million viewers worldwide.

The findings of a global opinion survey research report titled “Global South’s View of the World” were also released at the event. Following an extensive survey of over 9,000 respondents, it revealed that the global governance issues of greatest concern to Global South countries are poverty, food security, and safety, with over 70 percent of the respondents hoping for reforms to the global governance system.

The co-produced program “Voices of the Global South” was also unveiled, showcasing the reflections and explorations of Global South countries on strengthening global governance.

The forum also saw the launch of the co-creation project “Global South Stories”, which has already attracted talented creators from 73 countries and regions worldwide to share their unique perspectives. CGTN has also joined hands with media outlets worldwide to co-produce a special program dubbed “Global South Voices”, aiming to break down discourse barriers and ensure the voices of the Global South are heard throughout the world.

In order to achieve greater content sharing and joint technological innovation alongside its Global South media partners, CCTV+ has independently developed the Global South Media Nexus platform, which aims to empower Global South media partners through utilizing high-tech means to enhance their operational efficiency.

The forum’s host city Xi’an also unveiled the AI digital persona “A-Yong”, which aims to promote the city by leveraging intelligent digital technologies and can interact with global audiences across multiple languages, introducing the unique charm and profound heritage of the ancient city to the world.

Established by CCTV+ in 2011, the VMF focuses on video content dissemination and technological innovations and serves as a key annual exchange platform for global media users and partners. The event has now evolved into a premier global forum, attracting extensive participation from media organizations and professionals worldwide.