Home Blog Page 316

Vietnam’s International Financial Center Launches Maritime Financial Ecosystem to Capture USD Billions Flowing Offshore


HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 21 May 2026 – Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC), in collaboration with Gemadept Corporation and the Ho Chi Minh City Institute for Development Studies, today hosted a high-level forum to officially launch the International Maritime Financial Ecosystem (IMFE) — one of the four strategic pillars of VIFC-HCMC.

Assoc. Prof. Dr. Nguyen Huu Huan (left), Vice Chairman of VIFC-HCMC, and Mr. Nguyen Thanh Binh, General Director of Gemadept Corporation, at the official launch ceremony of the International Maritime Financial Ecosystem (IMFE) in Ho Chi Minh City.
Assoc. Prof. Dr. Nguyen Huu Huan (left), Vice Chairman of VIFC-HCMC, and Mr. Nguyen Thanh Binh, General Director of Gemadept Corporation, at the official launch ceremony of the International Maritime Financial Ecosystem (IMFE) in Ho Chi Minh City.

The forum, themed “Developing the International Maritime Financial Ecosystem within the Vietnam International Financial Center in Ho Chi Minh City,” took place at the VIFC-HCMC Building, 08 Nguyen Hue Street, District 1, and drew more than 100 senior delegates. Attendees included leaders from central ministries and agencies, the Ho Chi Minh City People’s Committee, representatives from coastal provinces (Da Nang, Khanh Hoa, Kien Giang), domestic and international financial institutions, port and logistics enterprises, and international organisations.

The day’s agenda focused on three headline moments: a strategic industry report by Roland Berger, titled “Vietnam Maritime Industry: A Strategic Opportunity for Breakthrough Growth,” which benchmarked leading global maritime financial hubs and mapped a roadmap to raise Vietnam’s domestic value retention from the current 4–5% to 15% by 2035; the official launch ceremony of the IMFE initiative within VIFC-HCMC; and a memorandum of understanding signed between VIFC-HCMC and Gemadept Corporation, owner and operator of Gemalink International Port in Cai Mep – Thi Vai, formalising Gemadept’s role as a founding lead of the initiative. The forum also saw the introduction of the first maritime financial products and initiatives to be developed within the VIFC-HCMC framework.

A seaport system of growing global weight

The ambition behind IMFE is grounded in the rapid rise of southern Vietnam’s port infrastructure. Ho Chi Minh City is home to Cat Lai Port — ranked among the world’s top 21, handling approximately 7.5 million TEUs annually — and Gemalink International Port in Cai Mep – Thi Vai, capable of receiving ultra-large container vessels. These existing assets are set to be joined by the Can Gio International Transshipment Port, a 571-hectare project with a projected capacity of 17 million TEUs per year, further deepening the city’s integration into global logistics and trade networks.

In 2025, the Ho Chi Minh City port system handled over 24 million TEUs, ranking 8th globally according to Lloyd’s List, and was associated with approximately USD 200 billion in import-export turnover, accounting for around 20% of Vietnam’s total trade value. Surrounding this physical infrastructure, a broad ecosystem of supporting services has expanded significantly, spanning cargo handling, warehousing, freight forwarding, customs clearance, and supply chain management. The total annual trade transaction value flowing through the region — encompassing goods, logistics services, and related financial demand – is estimated at over USD 1 trillion.

The financial gap: billions flowing through offshore centers

However, the scale of this physical activity stands in sharp contrast to the financial value Vietnam currently retains. Despite enormous cargo volumes, most high-value maritime financial services generating the largest profit margin including trade finance, ship financing, marine insurance and reinsurance, international payments, and logistics risk management continue to flow through developed offshore maritime financial centers. Vietnam currently captures only around 4–5% of these financial transaction values domestically, leaving an estimated USD 6–8 billion in potential value accessible but unrealised. To complete the maritime value chain and retain these economic benefits onshore, Vietnam must evolve beyond purely physical cargo transshipment. The gradual development of a comprehensive maritime financial ecosystem is an essential and inevitable strategic step.

IMFE: from vision to institutional launch

Against this backdrop, the IMFE initiative took shape as a core component of VIFC-HCMC, with Gemadept Corporation serving as a founding lead. The initiative was first introduced on September 12, 2025, during the symposium “Ho Chi Minh City – A Modern, High-End, High-Value Service Hub,” where Gemadept presented a strategic vision of integrating Vietnam’s deep-sea port infrastructure with a dedicated maritime financial ecosystem. To materialise that vision, the corporation cooperates with the Ho Chi Minh City People’s Committee, leading to its official designation as a Strategic Member of VIFC-HCMC on February 11, 2026, at the Center’s Launching Ceremony. Today, as the operator of Gemalink — a major deep-sea gateway at Cai Mep – Thi Vai — Gemadept is focused on channeling high-value capital flows and advanced financial services directly into Ho Chi Minh City’s real maritime economy.

With this foundation in place, today’s forum pursues three concrete objectives: to officially launch the IMFE as a strategic platform designed to localise maritime financial capital and services, laying the groundwork for Ho Chi Minh City to emerge as one of the region’s leading maritime hubs; to connect financial institutions, banks, insurance companies, shipping lines, logistics enterprises, and international organisations within an integrated ecosystem, bringing the port-to-finance model to life in Vietnam; and to introduce the first maritime financial products and initiatives, creating mechanisms for Vietnamese enterprises to access financing, insurance, and risk management tools domestically rather than through foreign intermediaries.

“Ports such as Can Gio and Cai Mep-Thi Vai are transshipment hubs for cargo flows — VIFC-HCMC must become the transshipment hub for capital flows serving Vietnam’s maritime economy,” said Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of VIFC-HCMC.

Hashtag: #VIFC

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

Andamanda Phuket Water Park Unveils Premium Guest Experiences

Tripadvisor Travellers’ Choice 2025 · Trip Best 2025 · Global Top 100 Family-Friendly Attractions


PHUKET, THAILAND – Media OutReach Newswire – 21 May 2026 – Andamanda Phuket, the island’s largest water park, spanning over 100,000 square meters, is inspired by Thai mythology and the Andaman Sea. A proud recipient of the Tripadvisor Travellers’ Choice Award 2025 and ranked among the Trip Best Global Top 100 Family- Friendly Attractions, Andamanda delivers a world-class tropical experience for thrill-seeker families and leisure travellers alike.

Andamanda Phuket- where thrills, culture, flavours, and family memories come together for a world-class experience unlike anything back home.
Andamanda Phuket- where thrills, culture, flavours, and family memories come together for a world-class experience unlike anything back home.

25 Attractions. 36 Slides. Zero Dull Moments.
Spread across five iconic zones inspired by Thai mythology, Andamanda offers something for every kind of visitor:

  • 36 slide lanes, from heart-pounding drops to family-friendly twists, the most in Phuket.
  • Southeast Asia’s longest lazy river- 550 metres of pure relaxation winding through tropical scenery.
  • A 10,000m² wave pool- generating waves up to 3 metres high. Prepare to get knocked off your feet.
  • Private cabanas & water villas- with air conditioning and restrooms, for those who like their downtime in style.
  • Dedicated kids’ zones- with lifeguards and age-appropriate splash areas, so the little ones have their own adventure.

More Than Slides – A Living Cultural Experience
Andamanda brings Thai heritage to life every single day. Daily live entertainment includes a Muay Thai showcase andThe Story of Andamandaa breathtaking live performance of music, dance, and Thai folklore that you will not find in any other water park in the world. The park’s mythological sculptures, traditional architecture, and five legend-themed zones make every corner worth exploring and photographing.

Food for Every Taste
Andamanda’s dining options are built with all guests in mind. You will find authentic Thai classics alongside international favourites, plus vegetarian, halal, and gluten-free options. Indian favourites are also well-represented: chicken and vegetable samosas, butter chicken, and fragrant biryani keep the whole family happy and energised. With multiple restaurants spread across the park, a great meal is always close by.

Tickets and Visitor Information
Tickets are available online via the official website at andamanda.com.
Advance booking is recommended to ensure availability and access to the best available rates. A full day here never feels long enough. Andamanda keeps the energy high from morning until closing.

Hashtag: #AndamandaPhuket #Phuket #Thailand #WaterPark #TravelThailand #FamilyTravel




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

“AI with HKPC” Smart Solutions Showcase Series Returns

Driving Industrial Upgrading and Widespread AI Adoption through Smart Manufacturing, Public Services and “AI for All” Training


HONG KONG SAR – Media OutReach Newswire – 21 May 2026 – The national 15th Five-Year Plan advocates deepening the “AI+” initiative, promoting the extensive integration of AI across all sectors of the economy and society. The HKSAR Government has clearly positioned AI as a core industry and is accelerating the establishment of the Committee on AI+ and Industry Development Strategy to fast-track AI adoption across sectors. Following the overwhelming success of the inaugural showcase held in February this year, the Hong Kong Productivity Council (HKPC) today once again presents the “AI with HKPC” Smart Solutions Showcase Series. Featuring nearly 50 innovative AI solutions, the showcase focuses on three major themes: AI forManufacturing, InnovatingPublic Services, and AI Training for All. The event actively responds to the Government’s call to empower industries through AI and promote the transition from pilot projects to large-scale deployment. The event has received an enthusiastic response, attracting around 3,000 registrants from the Government, industry, academia and research sectors, reflecting strong market demand for AI solutions. The opening ceremony was officiated by Mr. Kevin CHOI, JP, Permanent Secretary for Innovation, Technology and Industry of the HKSAR Government, and Mr. Mohamed BUTT, MH, Executive Director of HKPC.

Mr. Kevin CHOI, JP, Permanent Secretary for Innovation, Technology and Industry of the HKSAR Government, said: “This year’s Budget Announcement continues the Government’s overall industry‑oriented development approach, with innovation and technology as a key driver and financial empowerment as a central theme. It also puts forward a series of measures to promote the AI development. Over the past few years, the Government has enhanced the strategic layout for AI development, laying a solid foundation for both the industrialisation of AI and the integration of AI across industries. These efforts include establishing an AI Supercomputing Centre, launching a $3 billion AI Subsidy Scheme, and advancing AI research and development through InnoHK. Nevertheless, the most important priority remains “AI for All”, ensuring the comprehensive advancement of “AI+” across the whole community. HKPC is a key partner of the Government. At the same time, close collaboration among stakeholders in innovation and technology, industry, commerce and education is essential to fully harness the potential of AI. Talent and enterprises are welcome to explore development opportunities in Hong Kong, whether by establishing a presence or expanding their operations here.”

Mr. Mohamed BUTT, MH, Executive Director of HKPC, stated: ” Continuously advancing the ‘AI Plus’ initiative is one of the key national work priorities for this year. In a guideline to implement the ‘AI Plus’initiative, the State Council has also clearly specified key performance indicators for the short-term (2027), medium-term (2030) and long-term (2035) phases, with the ultimate goal of fully building an intelligent economy and an intelligent society across the country. The HKSAR Government’s clear positioning of AI as a core industry has greatly encouraged the innovation and technology sector. HKPC actively aligns with the national plan and supports the HKSAR Government’s initiatives, making AI a key development priority, spanning technology integration and innovation, AI governance and cyber security, as well as talent development. Through this one-stop approach, we aim to support enterprises in leveraging AI to upgrade and transform industries, while also promoting broader public awareness and adoption of AI.”

Mr. BUTT added that he was delighted to see the successful return of the AI Solutions Showcase with wider industry participation. The exhibition aims to bring AI from “visibility” to “affordability, accuracy and security”, enabling wider adoption across industries and increasing AI penetration. HKPC will continue working with all sectors to advance the popularisation, industrialisation and application of AI, supporting Hong Kong ‘s development as a leading hub for AI innovation and application.

The themed programme, “AI for Manufacturing: Redefining Productivity in the AI Era​”, showcases a wide range of innovative applications, demonstrating how AI reshapes manufacturing sector, comprehensively enhances productivity, product quality and operational efficiency. Key solutions include:

  • Magnetic Crawling Robot for corrosion inspection of pipeline: Developed by HKPC in collaboration with the Electrical and Mechanical Services Department (EMSD), it leverages AI-assisted visual inspection to detect internal and external pipe corrosion, enabling predictive maintenance.
  • Autonomous Air-ground Cooperative Tunnel Inspector: The system was jointly developed by HKPC, the Civil Engineering and Development Department (CEDD), and Hyder-Meinhardt Joint Venture, integrated with AI, robotics, and millimetre-level positioning in GPS-denied environments for quality inspection and maintenance in the Trunk Road T2 and Cha Kwo Ling Tunnel project.
  • StationInspector: Co-developed by HKPC and MTR Corporation, it features AI-enhanced 3D visual scanning, advanced sensors and deep learning to accurately identify risks, navigate autonomously, generate reports and provide predictive maintenance recommendations, efficiently detecting safety hazards in stations.

In addition, HKPC’s self-developed open AI platform “HKPC Picasso” integrates a variety of standardised core AI modules. Enterprises can quickly deploy vision inspection, large language model (LLM) and other capabilities without building infrastructure from scratch, achieving efficient and internationally compliant intelligent transformation. This helps enterprises overcome integration challenges, cost concerns, and security risks in AI adoption.

The Innovating Public Services, Driving the AI Transformationstream focuses on AI applications in Government processes, medical diagnostics and data analysis to enhance public service efficiency and risk management capabilities. The event invites speakers from the Digital Policy Office, Hong Kong Generative AI Research & Development Centre and Cyberport to explore how AI infrastructure empowers public services. Industry leaders including Alibaba Cloud, Huawei, Intertek and Shadow Bot also join HKPC experts to share insights on smart governance, data governance and automated approval. Key solutions cover AI-enabled digital public service platforms, AI healthcare applications, and smart systems for data security and leakage prevention, demonstrating how AI improves the quality and security of public services.

The “FutureSkills: AI Training for ALL” stream aims to cultivate AI talent and prepare the workforce for future challenges. In recent years, the HKSAR Government has actively promoted territory-wide AI training and enhanced AI literacy. In response, HKPC Academy has launched the “Future Skills with AI” Framework to support the “AI for All” initiative. Through professional training programmes and certification covering AI knowledge, technology applications, business management and growth mindset, the framework comprehensively enhances the future workplace competitiveness of working professionals, technology practitioners, business leaders, educators and families.The themed forum, Enabling the Human + AI Workforce, explores in depth the evolving workplace ecosystem driven by human-AI collaboration, as well as strategies for organisational transformation and leadership action. A series of AI training workshops and expert sharing sessions further cover topics such as Vibe Coding for workplace empowerment, the new era of precision administration, human-machine collaboration, and AI-driven education.

Furthermore, HKPC signed Memoranda of Understanding with numerous schools and educational organisations, including the Subsidized Primary Schools Council, The Association of Hong Kong Chinese Middle Schools, Hong Kong Subsidized Secondary Schools Council, Hong Kong Aided Primary School Heads Association, Catholic Diocese of Hong Kong, The Hong Kong Association for Computer Education, and Hong Kong Federation of Education Workers TechEd Centre , to jointly promote AI education. The AI education programmes are expected to reach over 500 primary and secondary schools across Hong Kong, fostering future digital talent and strengthening the translation of industry-academia outcomes into real-world impact.

Click here to download the high-resolution photos

  1. Mr. Kevin CHOI, JP, Permanent Secretary for Innovation, Technology and Industry of the HKSAR Government, attends the opening ceremony of the “AI with HKPC” Smart Solutions Showcase Series, supporting the integration of AI into industries and the “AI for All” programme.
  2. Mr. Mohamed BUTT, MH, Executive Director of the HKPC, encourages enterprises to actively adopt AI to enhance productivity, product quality and operational efficiency at the opening ceremony.
  3. Officiating guests and industry representatives take a group photo to witness the success of the “AI with HKPC” Smart Solutions Showcase Series Returns.
  4. The showcase features nearly 50 AI solutions and on-site demonstrations, presenting the practical application of AI across various industries and offering actionable transformation pathways for enterprises and organisations.

Hashtag: #HKPC

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

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: .

The Coffee Bean & Tea Leaf® brings “MIXERS” Beverage platform to Singapore

Refreshing flavors. Layered vibes. Made to mix, sip and share.

SINGAPORE, May 21, 2026 /PRNewswire/ — Cafés today are no longer just coffee stops. They are where people catch up, recharge, create content and stay a little longer than planned. Tapping into this new social café culture, The Coffee Bean & Tea Leaf Singapore is turning up the vibes with the launch of Mixers — a playful new beverage platform made for expressive, experience-driven moments.

Refreshing, visually layered and designed to evolve with every stir and sip, Mixers brings together refreshing flavors, sparkling textures and vibrant colors in drinks that feel just as good as they look. Whether it is a mid-day pick-me-up, post-work hangout or spontaneous café catch-up, Mixers is crafted to fit naturally into today’s social lifestyle moments.

More notably, Mixers arrives as younger consumers increasingly embrace “sober curious” lifestyles — seeking social beverages that feel elevated, exciting and experience-led without centering around alcohol. Mixers is designed to deliver layered flavors, mood-driven experiences and a sense of occasion that fits naturally into modern social rituals.

“Today’s café culture is about connection, mood and experience as much as it is about the beverage itself,” said Chien Chien, Lin, Managing Director & VP Finance (APAC), The Coffee Bean & Tea Leaf Singapore. “Consumers today are looking for moments that feel personal, expressive and shareable, and Mixers was created for exactly that – refreshing drinks that fit naturally into the social and lifestyle moments shaping urban culture today.”

Served in tall translucent cups that showcase bold gradients and layered colors, the drinks are designed to stand out both in cafés and on social feeds.

The new Mixers lineup features two distinct creations, each bringing its own personality to the experience:

  1. Mango Mint Cold Brew Tea with Jelly
  2. Strawberry Swedish Berries Cold Brew Tea with Strawberry Jelly

Mixers is now available at all participating The Coffee Bean & Tea Leaf® outlets across Singapore, while stocks last. For more information, visit The Coffee Bean & Tea Leaf Singapore.

About The Coffee Bean & Tea Leaf®  

Founded in Southern California in 1963, The Coffee Bean & Tea Leaf® is a global specialty coffee and tea house that inspires new experiences through our flavors from around the world. We source the finest coffees and teas from local communities and then handcraft every beverage to bring out the freshest flavors. As the creator of The Original Ice Blended®, we continue to innovate to enable people everywhere to enjoy the classics as well as new flavors both in our cafés and at home. Headquartered in Asia and a business of the Jollibee Group of Companies, The Coffee Bean & Tea Leaf® passionately operates in more than 1,000 locations, across over 24 markets, globally. For more information, visit www.coffeebean.com.  

Tongcheng Travel Achieves Revenue of 5 Billion in 2026Q1 Growing User Base and APUs Increases to 254 Million

Consolidating the Mass Travel Market to Drive High-Quality Growth
Deepening AI Applications to Empower Sustainable Development

HONG KONG, May 21, 2026 /PRNewswire/ — Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), a leading comprehensive travel service platform in China, today announced its unaudited consolidated results for the three months ended 31 March 2026 (the “period under review” or “2026Q1”).

Mr. Ma Heping, Co-Chairman, Executive Director and Chief Executive Officer of Tongcheng Travel, said, “In the first quarter of 2026, China’s travel market continued to demonstrate robust growth, driven by structural shifts in consumer travel demand and favorable holiday policies. As a leading travel platform in China, we remained highly attuned to market dynamics and implemented effective strategies to seize emerging growth opportunities while meeting evolving user needs. During the period under review, The Group continued to deliver solid results. We proactive approach to capture opportunities arising from structural market shift. Looking ahead, the Group will remain focused on our core OTA business, strengthening our foothold in the mass market while steadily growing our outbound travel services to enhance our global footprint.”

2026Q1 Highlights with Year-on-year (“yoy”) Comparison

Revenue and Adjusted Profit Continue Strong Growth Momentum from 2025

  • Revenue increased by 14.4% yoy to RMB5,005.8 million
  • Adjusted EBITDA increased by 19.8% yoy to RM1,389.0 million
  • Adjusted net profit amounted to RMB941.1 million. Adjusted net margin increased to 18.8%

Growing User Base Further Strengthened Its Position in China’s Mass Market.

  • Annual Paying Users (“APUs”) increased by 2.7% yoy to 253.9 million, reached a record high
  • Twelve-month Accumulated Number of Travelers Served increased by 4.5% yoy to 2,047.4 million, further expanded its presence in China’s mass travel market

Core OTA Businesses Demonstrates Exceptional Growth and Resilience

  • Revenue of core OTA business increased by 17.3% yoy to RMB4,449.9 million
    • Revenue from transportation ticketing services increased by 6.2% yoy to RMB 2,124.0 million, the international air ticketing business achieved healthy growth in both volume and revenue
    • Revenue from accommodation reservation services increased by 14.7% yoy to RMB1,364.5 million with room nights sold showing robust growth
    • Revenue from other businesses increased by 59.6% yoy to RMB961.4 million

Continuously Deepening on the Mass Travel Market
Steady Growth in User Base and Improving User Value

Leveraging its exceptional operational capabilities, Tongcheng Travel has further strengthened its position in China’s mass market. The Group’s effective user acquisition and engagement initiatives enabled it to continuously expand its user base and improve user value. During the period under review, the Group’s average MPUs amounted to 46.4 million. The APUs reached a record high of 253.9 million with 2.7% yoy growth while the twelve-month Accumulated Number of Travelers Served increased to 2,047.4 million with 4.5% yoy growth.

During the period under review, Tongcheng Travel was committed to enhancing user engagement and optimizing operational efficiency across all traffic channels. Through the long-standing partnership with Tencent, the Weixin ecosystem continued to serve as a vital traffic source, enabling the Group to establish a broad user base across China. As of March 31, 2026, over 87% of the registered users resided in non-first tier cities in China. Meanwhile, the Group rolled out a series of innovative and targeted marketing campaigns that effectively boosted user engagement and loyalty, further reinforcing its positioning as an experience-driven travel platform.

Core OTA Business Sustained High-Quality Growth
Hotel Management Business Became New Driver of Expansion

During the period under review, the Group’s core OTA business experienced high-quality growth. The Group’s transportation business continued to demonstrate resilience. The revenue from transportation ticketing services increased by 6.2% yoy to RMB2,124.0 million. The growth was mainly attributable to the expanding portfolio of value-added products and services which facilitate users’ journeys. As for the international air ticketing business, the Group further solidified its brand recognition through competitive pricing strategies and high-quality services, achieving healthy growth in both volume and revenue. In terms of train ticketing business, the Group remained committed to prioritizing user experience and continued to optimize the algorithm-driven Huixing system, providing users with viable end-to-end travel solutions.

In 2026Q1, the Group’s revenue from the accommodation business increased by 14.7% yoy o RMB1,364.5 million with room nights sold showing robust growth. Driven by the increasing demand for higher-quality accommodation options, the proportion of higher-quality hotel room nights sold on the platform continued to increase yoy during the period under review. Meanwhile, the Group implemented targeted user segmentation and tiered engagement strategies to drive purchase frequency and enhance user loyalty. As for the international accommodation business, the Group continuously expanded cooperation with global suppliers and steadily enriched its global product offerings. The Group also leveraged its domestic user base to drive cross-sale initiatives and executed precise marketing campaigns targeting high-potential users. These efforts contributed to robust growth in the international room nights sold in 2026Q1.

During the period under review, the Group’s other businesses once again exhibited exceptional growth. The revenue from other businesses achieved RMB961.4 million with 59.6% yoy growth, driven by excellent performance of its hotel management business and the consolidation of Wanda Hotels and Resorts. Tongcheng Travel continuously expanded the hotel network by leveraging its comprehensive brand portfolio, competitive technological capabilities, and organizational agility. The Elong Hotel Technology platform shareholders focused on hotel brands with a proven track record of market recognition, while Wanda Hotels and Resorts accelerated its network expansion nationwide, capitalizing on strong brand equity, and end-to-end service capabilities ranging from design to operational management.

Deepening AI Technology Applications to Drive the Group’s Sustainable Development

As an innovation-driven enterprise, Tongcheng Travel proactively embraces innovation to drive business transformation, viewing the AI era as a time of immense opportunity. During the period under review, the Group continued to enhance DeepTrip’s capabilities and broaden its application scenarios. The Group extended DeepTrip’s integration with additional transportation resources to deliver AI-driven, end-to-end travel solutions. The Group also integrated DeepTrip into its air ticketing service to address users’ pre-booking inquiries and help them identify options with more competitive prices. On the other hand, the Group continued to pursue strategic collaboration with leading external AI agents to seize future growth opportunities. In customer service, the Group introduced real-time simultaneous interpretation across both online consultation and voice consultation channels, effectively eliminating language barriers and significantly enhancing the global user experience. Additionally, the Group has leveraged AI capabilities to empower the customer service team in better understanding user inquiries and delivering faster, and more accurate responses.

As a socially responsible enterprise, Tongcheng Travel has integrated social responsibility into every aspect of the daily operations. In late February, the Group established an emergency response team promptly following the outbreak of conflicts in the Middle East, to safeguard user travel and support affected users. On top of that, the Group’s outstanding performance in ESG has once again received international recognition, and the Group was awarded the “Industry Mover” by S&P Global for the second consecutive year and was included in S&P Global’s sustainability yearbook (China) for the fourth consecutive year.

Looking ahead, Tongcheng Travel maintains a positive outlook for both the company’s performance and the broader China travel industry. The Group will remain focused on its core OTA business. In the meantime, the Group will accelerate the growth of its hotel management segment, with a strong emphasis on expanding hotel network and enhancing execution efficiency. The Group is also proactively leveraging AI technological innovations to capture new growth opportunities and improve operational efficiency. Finally, the Group remain dedicated to advancing its ESG performance and delivering sustainable, long-term value for society and all its stakeholders.

About Tongcheng Travel Holdings Limited (HKEX Stock Code: 0780.HK)

Tongcheng Travel is a one-stop shop platform for users’ travel needs. With the mission “make travel easier and more joyful”, Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, hotel management, packaged tour, and a wide array of value-added ancillary services primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile APPs, quick APPs and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user needs and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to intelligent travel assistant.

For more information, please visit the Group’s website at https://www.tongchengir.com

 

MINISO Launches World’s First MINISO Gallery in Shanghai

SHANGHAI, May 21, 2026 /PRNewswire/ — On May 17, 2026, global lifestyle brand MINISO officially opened its world-first MINISO Gallery at the Bund City Hall Plaza in Shanghai, launching with its opening exhibition featuring MINISO‑signed Indonesian artist Ryo Laksamana, known as RYOL. MINISO Gallery is a new top-tier art exhibition space open to creators worldwide, providing an independent platform for IP‑driven artistic expression.

MINISO Gallery‘s Opening Exhibition: Life from the Corner of my Room by Artist RYOL
MINISO Gallery‘s Opening Exhibition: Life from the Corner of my Room by Artist RYOL

Diverse Forms Needed for IP Development

As MINISO’s global retail network expands, its IP portfolio now reaches consumers across over 100 countries and regions, supported by more than 8,000 stores worldwide in key cities including New York, Paris, London, and Dubai. While this network provides extensive consumer reach, deeper content and artistic expression remains essential for long‑term IP value. In response, MINISO introduces MINISO Gallery to provide structured support for emerging artists worldwide through long‑term, platform‑based collaboration.

Opening with International Artist Exhibition in a Cultural Landmark Location

Located in the heart of the Shanghai Bund, the Gallery occupies the Bund City Hall Plaza at 201 Hankou Road, a historic building recognized as an urban landmark with public cultural significance. Just a ten-minute walk from the world’s first MINISO LAND, the site sits within a high traffic, culturally influential urban area, bridging public cultural space and contemporary art.

MINISO Gallery Opened at the Bund City Hall Plaza in Shanghai
MINISO Gallery Opened at the Bund City Hall Plaza in Shanghai

For its opening exhibition, MINISO Gallery opens with a solo exhibition by its first Global Exclusive Artist RYOL, an emerging Indonesian contemporary artist active on the international stage. Titled Life from the Corner of My Room, the exhibition will run from May 17 to August 31, presenting a selection of the artist’s recent paintings, sculptures and installations that trace the artist’s development from intimate, room-based creations to works exploring the interplay between childhood innocence and real-world experience.

The MINISO Gallery in Shanghai
The MINISO Gallery in Shanghai

RYOL is known for a visual language centered on wide eyed, doll-like figures. His work blends pop surrealism with anime inspired illustration, employing vivid colors and subtly surreal imagery to reflect on reality, social themes, and emotional states. In recent years, his works have been exhibited widely across multiple international contexts, establishing him as a rising voice within contemporary art. With a highly recognizable visual style and strong emotional accessibility, RYOL’s work resonates with MINISO’s emphasis on intuitive and expressive IPs that are able to connect with broad audiences across markets and culture.

MINISO Gallery in Shanghai, part of the opening exhibition by Indonesian artist RYOL
MINISO Gallery in Shanghai, part of the opening exhibition by Indonesian artist RYOL

Building Toward a WorldClass IP Operation Platform

As a leading IP operation platform, MINISO operates a dual strategy combining licensed IPs and proprietary IPs. Since 2025, the company has accelerated the incubation and long‑term operation of its own IP portfolio, introducing popular characters such as YOYO and Kumaru, while strengthening early‑stage IP creation through long‑term artist partnerships and initiatives such as the IP Genius Program. In parallel, MINISO has expanded its IP ecosystem through diversified cultural and consumer experiences, including immersive IP spaces such as MINISO LAND and MINISO FRIENDS store formats, as well as artist signings and offline experiential events, creating physical environments that support original IP incubation, audience engagement, and long-term cultural development.

As part of MINISO’s broader IP strategy, MINISO Gallery serves as an upstream platform for cultural IP development, providing structured support for artist‑led creation across academic curations, global exhibitions, and value realization, beyond traditional retail formats.

At the opening ceremony, Ye Guofu, Founder and CEO of MINISO, said: “MINISO Gallery is not just a gallery, but a platform for emerging artists to reach a global audience. Building on our experience in bringing global IP to consumers, we aim to connect creators worldwide and enable more original and compelling works to be seen, appreciated, and scaled commercially. Shanghai is only the first stop — MINISO Gallery will evolve into a dynamic ecosystem that supports emerging artists’ growth and fosters the interplay between artistic creation and value.” MINISO plans to expand MINISO Gallery to more major art hubs, including Shanghai, Hong Kong, Beijing, Tokyo, Paris and New York.

With RYOL’s exhibition as a starting point, MINISO Gallery will continue to explore long-term, open forms of collaboration between diverse artists and IPs worldwide, as it advances towards becoming a leading global IP operation platform.

About MINISO

MINISO Group is a global lifestyle brand offering a variety of design-led lifestyle products. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO’s wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand “MINISO” as a globally recognized retail brand and established a massive store network worldwide.

About RYOL

Ryo Laksamana (RYOL) is a pioneering Indonesian contemporary artist and a graduate of the prestigious ISI Yogyakarta. His artistic journey is rooted in a childhood memory of exchanging letters filled with cartoon doodles with his mother, a narrative now deeply influenced by the “Sunday morning cartoons” of the 2000s. Through his signature wide-eyed figures, RYOL constructs a Pop-Surrealist bridge between childhood innocence and adult complexity, offering incisive reflections on consumer culture, social judgment, and the collective anxiety of a globalized youth.

RYOL’s international presence is marked by solo exhibitions at Thinkspace (Los Angeles), Galerie Zberro (Paris), and Neptune Gallery (Taipei), alongside frequent features at premier art fairs such as Art021 Shanghai, Art Jakarta, and Art Central Hong Kong. By elevating juvenile media—like crayons and spray paint—into high art contexts, he employs a “decentralized” deconstruction to challenge traditional concepts of originality, solidifying his role as an active vanguard in the global contemporary art scene.

 

Hainan Economic and Trade Delegation Visits the U.S., Focusing on Trade and Investment Cooperation


SAN FRANCISCO, USA – Media OutReach Newswire – 21 May 2026 – From May 11 to 14, a Hainan economic and trade delegation, jointly organized by the China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan)and the Hainan Youth Federation, visited the United States to conduct business exchange activities aimed at accelerating bilateral trade and investment between Hainan and the U.S. The delegation, comprising over 20 members, included heads of enterprises and institutions from sectors such as international trade, port logistics, digital technology, marine environmental protection, legal services, and modern agriculture.

China (Hainan Free Trade Port)–U.S. (San Francisco) Economic and Trade Exchange Meeting
China (Hainan Free Trade Port)–U.S. (San Francisco) Economic and Trade Exchange Meeting

At the China (Hainan Free Trade Port)–U.S. (San Francisco) Economic and Trade Exchange Meeting, the delegation highlighted the policy advantages and innovative achievements of the Hainan Free Trade Port to American enterprises. The two sides engaged in extensive exchanges in areas such as international trade, modern services, high-tech industries, and cross-border investment.

The head of the delegation noted that since the Hainan Free Trade Port began island-wide special customs operations on December 18, 2025, policy dividends have been steadily unleashed. The customs supervision model of “freer access at the first line, regulated access at the second line” has been fully implemented. The number of zero-tariff commodity items has been expanded to 6,631. Additionally, the policy of exempting tariffs on processed goods with a value-added rate exceeding 30% has created new cost advantages for cooperation between Chinese and U.S. enterprises.

Sean Randolph, a representative of the Bay Area Council, stated that direct exchanges between companies are essential for establishing long-term cooperative relationships. He noted that the San Francisco Bay Area, as a key gateway for Pacific trade, has maintained long-standing economic ties with Asia, particularly China. As the Hainan Free Trade Port continues to develop, sectors such as services, life sciences, and tourism are creating new opportunities for collaboration with California-based businesses.

During the visit, the delegation also participated in the 2026 China-California Economic and Trade Forum and held business negotiations with U.S. companies. The CCPIT Hainan signed a memorandum of cooperation with the Sino America Business Information Center to support the establishment of a platform for bilateral economic and trade cooperation and exchanges.

In addition, the delegation visited institutions such as the American-Chinese CEO Society, the Huamei Business Information Center, the Silicon Valley Open Intelligent Culture Foundation, and Sidley Austin LLP, engaging in in-depth exchanges on cross-border investment , specialized industry development, and commercial legal matters.

In June 2020, China unveiled a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. The initiative reached a major milestone in December last year with the launch of island-wide special customs operations, which marked the completion of the first key step toward that goal.

The move has turned the island into a special customs supervision zone, allowing freer trade between Hainan and areas outside China’s customs borders, while enforcing standard customs controls for goods moving from Hainan to the mainland.Hashtag: #CPITHainan

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

G.O.D Introduces Hawthorn Dark Chocolate Sticks

A Hong Kong–Made Nostalgic Treat with a Modern Twist


HONG KONG SAR – Media OutReach Newswire – 21 May 2026 – Dark chocolate orange sticks have taken the world by storm—now reimagined in Hong Kong style ahead of G.O.D’s 30th anniversary, with an exclusive, never-before-created flavour.

GOD Hawthorn Dark Chocolate Sticks

G.O.D. presents Hawthorn Dark Chocolate Sticks, a uniquely local reinterpretation of the beloved dark chocolate orange stick and the cherished childhood favourite: Haw Flakes.

Made in Hong Kong by a well-established chocolate manufacturer — renowned for producing for some of the world’s highest-quality brands — each stick combines smooth dark chocolate with sweet and tangy hawthorn, delivering a distinctive balance of indulgence and nostalgia.

Each box contains 110g of hawthorn-filled dark chocolate sticks, individually wrapped for convenience and freshness. The charming gift box (7.5cm diameter x 7.2cm height) pays homage to the iconic design of traditional Haw Flakes.

Availability & Details
The Hawthorn Dark Chocolate Sticks are available exclusively at G.O.D. retail stores and the official e-shop, while stocks last. Each box is priced at HK$198, making it an ideal gift or a personal indulgence.

Hashtag: #goodsofdesire #godhk #GODHK30






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

G.O.D. (Goods of Desire)

G.O.D. (Goods of Desire) is a homegrown Hong Kong brand celebrating its 30th anniversary this year. Rooted in design and lifestyle heritage, the brand creates products with distinctive aesthetic and character, showcasing Hong Kong’s history and culture to an international audience. The name 「住好啲」means “to live better”, and in Cantonese it is phonetically similar to the English abbreviation “G.O.D.”