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LG ANNOUNCES FIRST-QUARTER 2025 FINANCIAL RESULTS

Company Achieves Record-Breaking First-Quarter Revenue
Driven by Balanced Growth in Home Appliance and B2B Sectors

SEOUL, South Korea, April 24, 2025 /PRNewswire/ — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 22.74 trillion and operating profit of KRW 1.26 trillion for the first quarter of 2025. This marks the highest first-quarter revenue in the company’s history and the sixth consecutive year in which operating profit surpassed KRW 1 trillion during the first quarter. Strong performance was driven by qualitative growth across key business areas, especially in B2B, non-hardware segments (such as subscriptions and webOS platform) and direct-to-consumer (D2C) sales.

LG ANNOUNCES FIRST-QUARTER 2025 FINANCIAL RESULTS
LG ANNOUNCES FIRST-QUARTER 2025 FINANCIAL RESULTS

Vehicle solutions and heating, ventilation and air conditioning (HVAC) – both critical to LG’s B2B strategy and future growth – delivered record-breaking quarterly revenue and operating profit. Combined operating profit from the Vehicle Solution Company and Eco Solution Company increased 37.2 percent year-over-year, with revenue climbing 12.3 percent.

The Home Appliance Solution Company, LG’s flagship business and primary profit generator, also recorded its highest-ever quarterly revenue while maintaining global market leadership. The business is rapidly transforming through innovative models such as subscription services and D2C sales. Meanwhile, the media and entertainment segment demonstrated solid performance, led by continued growth in LG’s webOS-based advertising and content platform.

The LG Home Appliance Solution Company reported first-quarter revenue of KRW 6.70 trillion and operating profit of KRW 644.6 billion. Compared to the same period last year, revenue increased by 9.3 percent, setting a new record, and operating profit grew by 9.9 percent. The Company continues to maintain its market leadership while accelerating the growth of its subscription and D2C sales.

Looking to the second quarter, the Company anticipates increased uncertainty due to shifting global trade policies and increasing market competition. To address these challenges, the Company will expand its portfolio of new and volume-zone products, while deepening its focus on subscription and online businesses. Additional priorities include focusing on opportunities in B2B such as built-in appliances and external sales of key components like motors and compressors. Profitability efforts will center on enhancing cost competitiveness through optimizing operational efficiency.

The LG Media Entertainment Solution Company posted first-quarter revenue of KRW 4.95 trillion and operating profit of KRW 4.9 billion. While TV demand remained soft, growth in webOS-based advertising and content services made a greater contribution to performance. Revenue remained in line with the previous year, though profitability was impacted by rising LCD panel prices and higher marketing spend.

In the second quarter, the Company will seek to create synergies across its display-focused businesses, including TVs, commercial displays, and IT products such as laptops and monitors. While the market recovers slowly, the Company will emphasize profitability, particularly through premium products. The expanding webOS-based platform will aim to increase geographic reach and product base while advancing strategic partnerships with content providers to maintain its growth trajectory.

The LG Vehicle Solution Company recorded its highest-ever quarterly revenue and operating profit, with revenue of KRW 2.84 trillion and operating profit of KRW 125.1 billion. Growth continues to be powered by a robust order backlog totaling KRW 100 trillion. Notably, profitability improved in the in-vehicle infotainment business, where premium product share is steadily increasing. In the second quarter, the Company aims to sustain revenue growth and solidify a stable profit structure by expanding high-value product sales, optimizing operations in the EV component business, and enhancing resource efficiency.

The LG Eco Solution Company also achieved record-high quarterly revenue and operating profit. First-quarter revenue reached KRW 3.05 trillion, with operating profit of KRW 406.7 billion, resulting in a strong operating margin of 13.3 percent. Year-over-year, revenue rose 18.0 percent and operating profit grew 21.2 percent. Since the beginning of 2025, LG has operated its HVAC business as an independent division, with noticeable performance gains driven by efficient resource allocation and a B2B-focused organizational structure.

Alongside the Vehicle Solution Company, the Eco Solution Company serves as a core engine of LG’s B2B growth. In the second quarter, the Company will seek to expand sales of new residential HVAC products and secure commercial air conditioning contracts in emerging markets. It also plans to target large-scale industrial and power-generation projects – including AI data centers – by leveraging its ultra-large chiller solutions.

United States Plans to Hit Southeast Asian Solar Imports with Tariffs as High as 3,400 Percent

This picture shows small solar panels and solar-powered lights for sale at a home improvement centre in Bangkok on April 22, 2025. The United States on April 21, 2025 announced its intention to impose tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector. (Photo by Lillian SUWANRUMPHA / AFP)

On 21 April, the United States Department of Commerce announced its final decision in a major trade investigation targeting solar imports from four Southeast Asian countries. 

As a result, the US plans to impose steep new tariffs on those imports. 

Certain Cambodian exporters, for example, now face tariffs as high as 3,403.96 percent due to a lack of cooperation during the investigation, the International Trade Administration website reported. 

The investigation found that crystalline silicon photovoltaic cells (solar cells) imported from Cambodia, Malaysia, Thailand, and Vietnam were being sold in the US at unfairly low prices and with the backing of large government subsidies.

Meanwhile, Malaysian exporters are looking at anti-dumping rates around 8.59 percent and subsidy rates up to 168.80 percent, with some companies facing combined duties of more than 200 percent. 

In Thailand, tariffs are even steeper for some firms, with dumping penalties reaching 202.90 percent and subsidies climbing to 799.55 percent. 

Vietnamese companies are also being hit hard, with some exporters facing anti-dumping duties of up to 271.28 percent and subsidy rates as high as 542.64 percent.

However, these tariffs will only come into effect if the US International Trade Commission agrees, by 2 June, that the imports are causing harm to American solar manufacturers. If the Commission confirms the damage, the duties will be enforced.

The Department of Commerce was careful to point out that this case is not about companies dodging existing tariffs on Chinese-made solar products. Rather, it focuses on stopping what officials call unfair pricing and improper government support in the Southeast Asian supply chain. 

Much of the manufacturing in Cambodia, Malaysia, Thailand, and Vietnam is conducted by Chinese firms, which have shifted operations to these countries in recent years.

According to the US government, the vast majority of imported solar panels and modules entering the country come from these four nations. 

The decision marks one of the most aggressive trade enforcement actions in recent years and could have a major impact on the availability and price of solar products in the United States.

State Grid Turfan Power Supply Company: Electricity Safeguards the Migration of Birds

TURFAN, China, April 24, 2025 /PRNewswire/ — It has been observed that employees from the power supply company have proactively constructed “love nests” in designated safe areas, effectively protecting both the birds and the power grid. On April 24th, Maifeisha Aihemaiti, a third-grade student participating in the “Guarding the Fluttering Migratory Birds” initiative at the Aiding Lake National Wetland Park, expressed her delight. 

During the “Bird Loving Week,” State Grid Turfan Power Supply Company actively implemented the public welfare brand practice activity titled “Guarding the Fluttering Migratory Birds” within the Aiding Lake region and its surrounding areas. This event integrates power safety with ecological protection through various means such as scientific education, interactive practices, and the creation of “love bird nests,” thereby infusing “power grid” strength into enhancing ecological and environmental conservation efforts. 

Currently, it is the migratory season for birds. To strengthen the protection of bird habitats, the company has established a “Line Protection and Bird Love Team” to conduct specialized patrols along the routes surrounding the Aiding Lake Wetland. These patrols monitor the operational status of the lines and safeguard the migratory flight paths of birds. Additionally, staff members have developed bird-friendly devices, installed “love nests” on specific poles and towers, guided birds to remain within safe zones, and promoted the harmonious coexistence of power grid safety and the ecological environment in the region. 

Since the launch of the “Protecting Lines and Loving Birds” campaign, the company has invited over 100 tourists and staff members from the Aiding Lake Wetland to participate in bird protection activities. They have disseminated knowledge regarding power facilities and bird protection, distributed promotional materials, and ensured the safety of more than 10 bird nests, significantly enhancing public awareness and participation. This fosters a positive social atmosphere conducive to promoting the ecological protection of the Aiding Lake Wetland. 

Moving forward, State Grid Turfan Power Supply Company will continue to embrace the concept of green development, earnestly implement various bird protection volunteer activities, integrate biodiversity conservation into the entire process of power grid construction, and write a new chapter in the harmonious coexistence between humans and nature. 

ROHM Develops New High-power-density SiC Power Modules

– Compact, High-heat-dissipation Design Sets New Standard for OBC –

KYOTO, Japan, April 24, 2025 /PRNewswire/ — ROHM Co., Ltd. has developed new 4-in-1 and 6-in-1 SiC molded modules in the HSDIP20 package for power-factor-correction (PFC) circuits and LLC-resonant converters (LLC) used in the onboard charger (OBC) for electric vehicles (xEVs). The lineup includes six models rated at 750V (BSTxxx1P4K01) and seven at 1200V (BSTxxx2P4K01), integrating essential power conversion circuits into a compact module that reduces design workload and supports the miniaturization of the OBC.

Figures: Product features
https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI1fl_W6M5NDFu.jpg 

With the rapid electrification of automobiles driving decarbonization efforts worldwide, xEVs are moving to higher battery voltages to extend driving range and speed up charging. Consequently, demand is rising for higher-output OBCs and still-compact and lightweight DC-DC converters. Achieving higher power density requires advanced heat dissipation, but discrete-based designs often struggle with thermal management. ROHM’s HSDIP20 effectively resolves these issues, enabling greater power output while contributing to smaller electric powertrains.

Equipped with an insulating substrate that delivers excellent heat dissipation, the HSDIP20 suppresses chip temperature rise even under high-power conditions. In a typical PFC circuit for OBC applications, a top-side cooled discrete configuration using six devices was compared with a single HSDIP20 6-in-1 module under identical conditions. During 25W operation, the HSDIP20 operated approximately 38 degrees C cooler than the discrete setup. This superior thermal performance supports higher current in a compact form factor, achieving power density more than three times that of top-side cooled discretes and 1.4 times that of similar DIP modules. In the same PFC circuit, the HSDIP20 package reduces mounting area by approximately 52%, significantly contributing to the miniaturization of the OBC and other power conversion systems.

Figures: Performance of HSDIP20 in PFC circuits
https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI2fl_5vR3E310.jpg 

Going forward, ROHM will continue to develop SiC modules that combine compactness and high efficiency, including automotive SiC IPMs designed for greater reliability in smaller packages. To facilitate quicker adoption of HSDIP20 products, ROHM provides robust application-level support, including in-house motor testing equipment, simulations and thermal design data. Two evaluation kits, one for double-pulse testing and another for three-phase full-bridge implementations, are also available, enabling near real-world performance assessments.

Figures: Product lineup
https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI3fl_1fO5AMI4.jpg 

Release: https://www.rohm.com/news-detail?news-title=2025-04-24_news_hsdip&defaultGroupId=false 

About ROHM: https://kyodonewsprwire.jp/attach/202504177553-O1-5j62ZTQ4.pdf 

Logo: https://cdn.kyodonewsprwire.jp/prwfile/release/M106254/202504177553/_prw_PI4fl_7uQ1147X.jpg 

Official website: https://www.rohm.com/ 

LianLian Global and 12 Victory partnering to offer Pay to China solution to the Thai market

HANGZHOU, China, April 24, 2025 /PRNewswire/ — Addressing the demand for seamless and secure international transfers, LianLian Global and 12 Victory are proud to introduce a new generation in remittance services. This strategic partnership delivers a fast, reliable, and fully compliant channel for remitting funds from Thailand to mainland China, adhering to the State Administration of Foreign Exchange (SAFE) regulations.

This collaboration leverages LianLian Global’s innovative LianLian Global Payout Service (LGPS) to ensure that remittances are processed with SAFE approval, significantly reducing the risk of funds being frozen.

The solution facilitates seamless B2B, C2C, and B2C transfers to China, providing businesses and individuals with a remittance process that is efficient and transparent. The partnership aims to provide a secure and transparent channel that adheres to all SAFE regulations, ensuring funds are transferred quickly and efficiently with minimised risk.

LGPS offers a faster, more cost-effective and reliable method for automating international payments by leveraging LianLian Global’s extensive global payout network with over 60 licenses worldwide. This empowers financial institutions and PSPs to provide streamlined, transparent global payments to their clients, ensuring recipients receive the full intended amount while optimizing speed and cost.

LianLian Global, as a core cross-border payment brand of Lianlian DigiTech (Stock Code: 2598.HK), is a comprehensive and innovative enterprise in cross-border finance and services in China. LianLian Global, together with industry eco-partners, has created a one-stop cross-border trade service platform that integrates store opening assistance, global funds collection, global acquiring, global payout, Lianlian FX[1], Lianlian financing service platform[2], tax refund assistance and other services to help Chinese brands expand their overseas markets. 

[1] The exchange rate of LianLian Global FX business is provided by partner banks
[2] The financing products and corresponding contents displayed on the Lianlian financing service platform are provided by relevant licensed institutions

The Twelve Victory Group of Companies strives to be a leader in foreign exchange services by offering more than 30 different currencies to our customers at a very reasonable rate. In the currency exchange business, the Company is one of the key components to support the country’s economic growth. including education, exports, international trade, foreign investment and the tourism sector. The company has foreseen the massive inflow of foreign currencies into Thailand, hence our aspiration to extend our range of comprehensive services base to both domestically and internationally.

FinVolution Showcases Next-Generation AI Lending and Credit Risk Management Technology at Money20/20 Asia

BANGKOK, April 24, 2025 /PRNewswire/ — FinVolution Group (“FinVolution”), a leading fintech platform, showcases its latest advancements in AI-powered lending and credit risk management at Money20/20 Asia, held in Bangkok from April 22 to 24. The premier fintech event brings together innovators from across the global digital finance ecosystem to explore the future of financial services.

At the conference, FinVolution demonstrates how its cutting-edge credit technologies are driving financial inclusion and operational efficiency across China, the Philippines, Indonesia, and Pakistan. The company also hosts four topical sessions at its dedicated booth, highlighting real-world applications of AI across risk management, marketing, and operations.

Photo of FinVolution booth at Money20/20 Asia
Photo of FinVolution booth at Money20/20 Asia

Industry Leaders Share Insights on AI’s Role in Fintech

Lei Chen, Vice President of FinVolution, CEO of JuanScore, opened the sessions with a keynote titled “From Risk to Reward: Strengthening Risk Management in the Age of Large Language Models (LLMs).”

“AI, especially LLMs, has fundamentally reshaped credit risk assessment, but the human element remains vital,” said Lei Chen. “We must ensure that innovation is guided by strong ethical standards and operational transparency. At FinVolution, we’re focused on building agile, collaborative systems that blend data intelligence with human judgment to manage risk responsibly.”

FinVolution hosted sharing sessions at its booth.
FinVolution hosted sharing sessions at its booth.

Sheikh Omer Nasim, CEO of Daira, delivered a session on fintech’s role in driving financial literacy in Pakistan. “Financial literacy is essential to unlocking the full potential of digital finance, yet too many communities in South Asia are still excluded from the system,” said Sheikh Omer Nasim. “With Daira, we aim to close this gap through user-friendly, tech-enabled education and borrowing tools that foster better financial decisions and broader economic inclusion.”

Joseph Ruan, COO of FinVolution’s Philippines business, discussed how FinVolution empowers banks through loan channeling across diverse markets. “Loan channeling is transforming traditional banking partnerships by integrating fintech agility with institutional scale,” said Ruan. “Our AI and Big Data technologies help partner banks lend with greater precision, reaching underserved borrowers while maintaining strong risk control.”

Max Liu, Director of Strategy at FinVolution, shared his perspective on emerging CreditTech trends in Asia & Latin America. “Asia and Latin America are becoming global growth engines for fintech. Each market presents unique challenges, but the demand for smart, scalable credit solutions is rising fast. FinVolution’s cross-regional insights and technology stack position us well to lead in both regions,” said Liu.

Driving Innovation and Global Growth

FinVolution’s commitment to AI innovation continues to drive its strong financial and operational momentum. In 2024, the company upgraded its proprietary AI model trained on 17 years of credit data, boosting its fraud detection accuracy to up to 98%. The company also reported a potential 60% reduction in advertising content production costs through AI-generated creative testing.

Photo of briefing of FinVolution to conference attendee
Photo of briefing of FinVolution to conference attendee

International expansion has also been a key highlight. By the end of 2024, FinVolution’s registered users outside China reached 35.7 million, with cumulative borrowers surpassing 7 million—a 45.8% increase year-over-year. A key milestone was the launch of Daira in Pakistan, extending the company’s reach into one of Asia’s most promising frontier markets.

About FinVolution Group:

Founded in 2007 and listed on the New York Stock Exchange in 2017, FinVolution Group has been at the forefront of the pan-Asian credit technology industry, pioneering innovations in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, it has established leading fintech platforms in China, Indonesia, the Philippines and Pakistan.

Visit our official website: en.finvgroup.com

Kelun-Biotech to Present Results of Six Clinical Studies at 2025 ASCO Annual Meeting

CHENGDU, China, April 24, 2025 /PRNewswire/ — Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. (6990.HK) announced that it will present results from six Kelun-led clinical studies at the 2025 American Society of Clinical Oncology (ASCO) Annual Meeting, held in Chicago from May 30 to June 3. Results include data from its TROP2 antibody-drug conjugate (ADC) sacituzumab tirumotecan (sac-TMT), anti-PD-L1 mAb tagitanlimab, and RET inhibitor KL590586 (A400/EP0031). The abstracts for these studies will be published on the ASCO’s official website on May 22, 2025, local time.

Detailed information on the studies selected for ASCO 2025 are as follows:

Title: Sacituzumab tirumotecan (sac-TMT) in patients (pts) with previously treated advanced EGFR-mutated non-small cell lung cancer (NSCLC): Results from the randomized OptiTROP-Lung03 study.
Presentation Type: Oral
Abstract Number: 8507
Session Date and Time: 6/1/2025 8:00 AM-11:00 AM CDT

Title: Tagitanlimab versus placebo in combination with gemcitabine and cisplatin as first-line treatment for recurrent or metastatic nasopharyngeal carcinoma (R/M NPC): Results from a randomized, double-blind, phase 3 study.
Presentation Type: Oral
Abstract Number: 6004
Session Date and Time: 5/31/2025 1:15 PM-4:15 PM CDT

Title: Sacituzumab tirumotecan (sac-TMT) as first-line treatment for unresectable locally advanced/metastatic triple-negative breast cancer (a/m TNBC): Initial results from the Phase II OptiTROP-Breast05 study.
Presentation Type: Rapid oral
Abstract Number: 1019
Session Date and Time: 5/30/2025 2:45 PM-4:15 PM CDT

Title: Sacituzumab tirumotecan (sac-TMT) in combination with tagitanlimab (anti-PD-L1) in first-line (1L) advanced non-small-cell lung cancer (NSCLC): Non-squamous cohort from the phase II OptiTROP-Lung01 study.
Presentation Type: Poster
Abstract Number: 8529
Session Date and Time: 5/31/2025 1:30 PM-4:30 PM CDT

Title: Sacituzumab Tirumotecan (sac-TMT) in patients (pts) with previously treated locally advanced or metastatic (LA/M) non-small cell lung cancer (NSCLC) harboring uncommon EGFR mutations: Preliminary results from a phase 2 study.
Presentation Type: Poster
Abstract Number: 8615
Session Date and Time: 5/31/2025 1:30 PM-4:30 PM CDT

Title: Results from a phase I study of KL590586 in patients with advanced RET-mutant medullary thyroid cancer.
Presentation Type: Poster
Abstract Number: 6098
Session Date and Time: 6/2/2025 9:00 AM-12:00 PM CDT

About Sac-TMT

Sac-TMT, a core product of the Company, is a novel human TROP2 ADC in which the Company has proprietary intellectual property rights, targeting advanced solid tumors such as Non-small Cell Lung Cancer (NSCLC), breast cancer (BC), gastric cancer (GC), gynecological tumors, among others. Sac-TMT is developed with a novel linker to conjugate the payload, a belotecan-derivative topoisomerase I inhibitor with a drug-to-antibody-ratio (DAR) of 7.4. Sac-TMT specifically recognizes TROP2 on the surface of tumor cells by recombinant anti-TROP2 humanized monoclonal antibodies, which is then endocytosed by tumor cells and releases KL610023 intracellularly. KL610023, as a topoisomerase I inhibitor, induces DNA damage to tumor cells, which in turn leads to cell-cycle arrest and apoptosis. In addition, it also releases KL610023 in the tumor microenvironment. Given that KL610023 is membrane permeable, it can enable a bystander effect, or in other words kill adjacent tumor cells.

In May 2022, the Company licensed the exclusive rights to MSD (the tradename of Merck & Co., Inc., Rahway, NJ, USA) to develop, use, manufacture and commercialize sac-TMT in all territories outside of Greater China (includes Mainland China, Hong Kong, Macau, and Taiwan).

To date, two indications for sac-TMT have been approved and marketed in China for the treatment of adult patients with unresectable locally advanced or metastatic TNBC who have received at least two prior systemic therapies (at least one of them for advanced or metastatic setting) and EGFR mutation-positive locally advanced or metastatic non-squamous NSCLC following progression on EGFR-TKI therapy and platinum-based chemotherapy. Sac-TMT became the first domestic ADC with global intellectual property rights to be fully approved for marketing. It is also the world’s first TROP2 ADC to be approved for marketing in a lung cancer indication. In addition, the NDA application for sac-TMT for the treatment of adult patients with EGFR-mutant locally advanced or metastatic NSCLC who progressed after treatment with EGFR-TKI therapy was accepted by the National Medical Products Administration (NMPA), and was included in the priority review and approval process. As of today, Kelun-Biotech has initiated 8 registrational clinical studies in China. MSD has initiated 12 ongoing Phase 3 global clinical studies of sac-TMT as a monotherapy or with pembrolizumab or other agents for several types of cancer. These studies are sponsored and led by MSD.

About Tagitanlimab

Tagitanlimab is the first PD-L1 monoclonal antibody (mAb) globally to receive authorization for the first-line treatment of NPC. Previously, the National Medical Products Administration (NMPA) has approved the marketing in China of tagitanlimab used in combination with cisplatin and gemcitabine for the first-line treatment of patients with R/M NPC and monotherapy for the treatment of patients with recurrent or metastatic NPC who have failed after prior 2L+ chemotherapy, respectively.

About KL590586 (A400/EP0031)

A400, a novel next-generation selective RET inhibitor for NSCLC, MTC and other solid tumors with a high prevalence of RET alterations. We are currently conducting pivotal clinical study for both 1L and 2L+ advanced RET+ NSCLC as well as a phase 1b/2 clinical study for RET+ MTC and solid tumor in China.

In March 2021, we granted Ellipses Pharma, a U.K.-based international oncology drug development company, an exclusive license to develop, manufacture and commercialize this agent outside Greater China and certain Asian countries under the code EP0031.

In March 2024, it was announced that EP0031/A400 was granted Fast Track designation by the FDA for the treatment of RET-fusion positive NSCLC. In April 2024, EP0031/A400 was cleared by the FDA to progress into Phase 2 clinical development and is now open in the US, UK, EU and UAE.

About Kelun-Biotech

Kelun-Biotech (6990.HK) is a holding subsidiary of Kelun Pharmaceutical (002422.SZ), which focuses on the R&D, manufacturing, commercialization and global collaboration of innovative biological drugs and small molecule drugs. The company focuses on major disease areas such as solid tumors, autoimmune, inflammatory, and metabolic diseases, and in establishing a globalized drug development and industrialization platform to address the unmet medical needs in China and the rest of world. The Company is committed to becoming a leading global enterprise in the field of innovative drugs. At present, the Company has more than 30 ongoing key innovative drug projects, of which 3 projects have been approved for marketing, 1 project is in the NDA stage, and more than 10 projects are in the clinical stage. The company has established one of the world’s leading proprietary ADC platforms, OptiDC™, and has 1 ADC project approved for marketing, 1 ADC project in NDA stage, and multiple ADC or novel ADC projects in clinical or preclinical research stage. For more information, please visit https://kelun-biotech.com/.

Canton Fair Connects Global Buyers with Chinese Suppliers for Emerging Trends Like Glamping

GUANGZHOU, China, April 24, 2025 /PRNewswire/ — At its 137th session, China Import and Export Fair (Canton Fair) continues to demonstrate its capacity to respond swiftly to evolving global consumer trends. With its broad product range and competent pool of suppliers, the Fair offers overseas buyers an efficient, one-stop platform to source tailored solutions for emerging lifestyle demands, such as the growing glamping economy in North America and Europe.

Glamping, short for “glamorous camping,” caters to younger generations who value outdoor escapes without compromising comfort. This market is evolving beyond tents and sleeping bags to a large, fancy tent with additional items that blend luxury with nature. Whether for portable appliances or smart outdoor gear, the Canton Fair connects trend-driven buyers with suppliers ready to deliver quality, innovation, and scale.

Guangdong ICECO Enterprise Co., Ltd., a manufacturer that offers a range of camping accessories, including cooler boxes and mobile fridges, believes that its new series of portable fridges and freezers is an ideal option for glamping. “These metal classics freezers reflect both durability and refined aesthetics,” said Rain Xie, Director of the Product Department at ICECO. With dual-zone functionality for cooling and freezing, the products meet the complex needs of today’s outdoor lifestyles. As a long-time participant of Canton Fair, ICECO has leveraged the Fair to expand its global footprint and looks forward to further engagement during Phase 3, which will feature a sports and tourism leisure products zone and present more solutions for glamping business owners.

Zhejiang Sorbo Technology Co., Ltd., known for its diverse portfolio of outdoor electronics, including mosquito-killer lamps and multi-functional camping lights, provides essence elements that help create a peaceful and cozy glamping atmosphere. One of its patented products, a rechargeable fly fan with lamp repellent, speaks directly to the comfort and convenience expectations of glamping enthusiasts who might bothered by mosquitoes and flies outdoors. Its multi-functional repellent camping lantern combines a camping light, mosquito repellent, and charger into a single, easy-to-carry device, making it ideal for late-night campfire chats or early-morning trail preparations. 

Renowned as one of the world’s largest trade fairs, the Canton Fair stands out for its vast exhibit range and the strong manufacturing and customization capabilities of its exhibitor, empowering global buyers to source various products for trend-aligned solutions like those needed in the glamping boom.