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Wang Ning, the President of China Electronics Chamber of Commerce: The 2nd AIE Expo is Under Preparation – Aiming Higher in Tech and Global Reach

BEIJING, March 18, 2026 /PRNewswire/ — A news report from Xinhua News Agency:

 

Wang Ning, the President of China Electronics Chamber of Commerce: The 2nd AIE Expo is Under Preparation: Aiming Higher in Tech and Global Reach

Recently, Wang Ning, the President of China Electronics Chamber of Commerce, shared in an interview the 40-year development advantages of China’s electronics industry, development opportunities for small and medium-sized enterprises (SMEs), and the future vision of the industry.

Wang Ning pointed out that China’s electronics industry boasts strengths in institutional policy and market scale. The government attaches great importance to the development of the electronic information industry, and the huge market provides sufficient support for production capacity. “After 40 years of development, China’s electronics industry has evolved from following developed countries to keeping pace, and has shown a leading trend in recent years.” he said.

As for SMEs, Wang Ning regarded them as the foundation of industrial development. Those SMEs, which are mostly private enterprises, are adept at capturing new market trends. They not only lay a solid foundation for large enterprises but also have the potential to nurture unicorn companies.

Regarding the 1st Global Artificial Intelligence Machines and Electronic Expo (AIE Expo) in 2025, Wang Ning introduced that the expo was hosted by China Electronics Chamber of Commerce. The first session covered 70,000 square meters and gained certain influence nationwide and globally. The 2nd session is under preparation for upgrading, with efforts to enhance technological content and invite international innovative enterprises to participate.

When talking about the impact of AI in the next decade, he believed that AI will be fully integrated into daily life, industry and other fields, bringing disruptive changes. Despite its drawbacks, humans can control AI through technology to achieve sound development.

COSCO SHIPPING Ports Announces 2025 Annual Results

Connecting Points to Build Networks
Reaching New Horizons through Digital Intelligence

HONG KONG, March 18, 2026 /PRNewswire/ — COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP” or the “Company”, SEHK: 1199), the world’s leading ports logistics service provider, today announced the annual results of the Company and its subsidiaries (the “Group”) ended 31 December 2025.

2025 FY Results Highlights

  • Total throughput increased by 6.2% YoY to 152,994,965 TEU
  • Total equity throughput increased by 3.4% YoY to 46,850,076 TEU
  • Total throughput from terminals in which the Group has controlling stakes increased by 1.8% YoY to 33,246,933 TEU
  • Total throughput from the Group’s non-controlling terminals increased by 7.5% YoY to 119,748,032 TEU
  • Revenue of the Company increased by 11.0% YoY to US$1,669,017,000
  • Profit attributable to equity holders of the Company increased by 1.1% YoY to US$312,141,000
  • Declared a second interim dividend of US1.328 cents per share

FINANCIAL REVIEW

In 2025, the port and shipping market faced pressure amid slowing global trade growth, tariff adjustments, trade protectionism, and geopolitical uncertainties. Leveraging lean operations management and resource process optimization, COSCO SHIPPING Ports maintained its operational resilience and core competitiveness. Annual revenue of the Company amounted to US$1,669.0 million, increased by 11.0% YoY, cost of sales was US$1,253.5 million, increased by 15.4% YoY. Gross profit was US$415.5 million, decreased by 0.3% YoY. Share of profits from joint ventures and associates amounted to US$343.4 million, increased by 7.3% YoY. During the year, profit attributable to equity holders of the Company was US$312.1 million, increased by 1.1% YoY.

OPERATIONAL REVIEW

Market Review

In 2025, despite a complex and severe external environment, China’s economy advanced under pressure, achieving relatively rapid growth in its merchandise trade and demonstrating strong resilience and vitality. According to statistics from the General Administration of Customs of China, in 2025, the total of China’s import and export reached RMB45.47 trillion in 2025, marking a year-on-year increase of 3.8%, maintaining its position as the world’s largest merchandise trader. Specifically, exports amounted to RMB26.99 trillion, posting a YoY increase of 6.1%, while the amount of imports grew by 0.5% YoY to RMB18.48 trillion. Notably, robust growth was recorded in trade with emerging markets such as ASEAN, Latin America, and Africa, with respective year-on-year increases of 8.0%, 6.5%, and 18.4%.

Overall Performance

In 2025, the Group’s total throughput increased by 6.2% YoY to 152,994,965 TEU (2024: 144,032,722 TEU). Specifically, total throughput from terminals in which the Group has controlling stake increased by 1.8% YoY to 33,246,933 TEU (2024: 32,655,388 TEU), accounting for 21.7% of the Group’s total, and the total throughput from non-controlling terminals increased by 7.5% YoY to 119,748,032 TEU (2024: 111,377,334 TEU), accounting for 78.3% of the Group’s total.

During the year, the Group’s total equity throughput increased by 3.4% YoY to 46,850,076 TEU (2024: 45,318,318 TEU).  The equity throughput from terminals in which the Group has controlling stake decreased by 2.0% YoY to 19,566,743 TEU (2024: 19,958,253 TEU), accounting for 41.8% of the Group’s total, and the equity throughput from non-controlling terminals increased by 7.6% YoY to 27,283,333 TEU (2024: 25,360,065 TEU), accounting for 58.2% of the Group’s total.

China

Total throughput of the terminals in China increased by 4.6% YoY to 114,836,474 TEU in 2025 (2024: 109,808,199 TEU) and accounted for 75.1% of the Group’s total throughput.  Total equity throughput of terminals in China increased by 1.6% YoY to 32,786,033 TEU (2024: 32,279,961 TEU), accounting for 70.0% of the Group’s total equity throughput.

Bohai Rim

Total throughput of the Bohai Rim region increased by 5.1% YoY to 52,060,240 TEU in 2025 (2024: 49,550,213 TEU) and accounted for 34.0% of the Group’s total. Total equity throughput of the Bohai Rim region decreased by 0.2% YoY to 13,261,079 TEU (2024: 13,282,472 TEU) and accounted for 28.3% of the Group’s total equity throughput. The total throughput of Dalian Container Terminal Co., Ltd. maintains steady growth, with total throughput increased by 2.2% YoY to 5,393,205 TEU (2024: 5,277,625 TEU).

Yangtze River Delta

Total throughput of the Yangtze River Delta region increased by 2.2% YoY to 16,848,434 TEU in 2025 (2024: 16,484,202 TEU) and accounted for 11.0% of the Group’s total. Total equity throughput of the Yangtze River Delta region increased by 2.1% YoY to 4,868,227 TEU (2024: 4,766,173 TEU) and accounted for 10.4% of the Group’s total equity throughput. Wuhan CSP Terminal Co., Ltd. has advanced simultaneously on land and sea, deepening collaboration with shipping companies, enhancing the density of its Yangtze River shipping routes, expanding intermodal water-rail channels, promoting the development of an international train assembly and distribution centre, and increasing rail freight volume, achieving a 31.8% YoY increase in total throughput to 323,624 TEU (2024: 245,627 TEU).

Southeast Coast and Others

Total throughput in the Southeast Coast and Others region decreased by 6.3% YoY to 5,621,527 TEU in 2025 (2024: 6,002,237 TEU) and accounted for 3.7% of the Group’s total throughput. Total equity throughput of Southeast Coast and Others region decreased by 0.6% YoY to 4,285,921 TEU (2024: 4,311,464 TEU) and accounted for 9.2% of the Group’s total equity throughput. Xiamen Ocean Gate Container Terminal Co., Ltd. strengthened its commercial marketing efforts and facilitated the addition of new shipping routes, leading a 4.1% YoY increase in total throughput to 2,679,812 TEU (2024: 2,574,593 TEU).

Pearl River Delta

Total throughput of the Pearl River Delta region increased by 5.2% YoY to 30,243,273 TEU in 2025 (2024: 28,756,347 TEU) and accounted for 19.8% of the Group’s total throughput.  Total equity throughput of the Pearl River Delta region increased by 3.9% YoY to 8,256,568 TEU (2024: 7,945,689 TEU) and accounted for 17.6% of the Group’s total equity throughput.  Guangzhou South China Oceangate Container Terminal Company Limited actively responded to the restructuring of shipping alliances and route adjustments, seizing growth opportunities in emerging Southeast Asian markets. Driven a significant YoY increase in container volume on Asian regional routes, driving a 7.9% YoY increase in total throughput to 6,025,563 TEU (2024: 5,582,825 TEU).

Southwest Coast

Total throughput of the Southwest Coast region increased by 11.6% YoY to 10,063,000 TEU in 2025 (2024: 9,015,200 TEU), accounting for 6.6% of the Group’s total throughput. Total equity throughput of the Southwest Coast region increased by 7.1% YoY to 2,114,238 TEU (2024: 1,974,163 TEU) and accounted for 4.5% of the Group’s total equity throughput. The increase in total throughput and equity throughput can be attributed, on one hand, to the ongoing release of trade benefits from the Regional Comprehensive Economic Partnership (RCEP). On the other hand, Beibu Gulf Port Co., Ltd. has accelerated the development of the Beibu Gulf International Gateway Port and the international hub seaport. It has continuously optimized its container shipping network, intensified cargo sourcing efforts, and driven year-on-year growth in container volume.

Overseas

Total throughput in overseas terminals increased by 11.5% YoY to 38,158,491 TEU in 2025 (2024: 34,224,523 TEU) and accounted for 24.9% of the Group’s total. Total equity throughput of overseas terminals increased by 7.9% YoY to 14,064,043 TEU (2024: 13,038,357 TEU) and accounted for 30.0% of the Group’s total equity throughput. The total throughput of Piraeus Container Terminal Single Member S.A. decreased by 6.0% YoY to 3,976,713 TEU (2024: 4,228,474 TEU), primarily due to a slowdown in market demand within the Mediterranean region. CSP Zeebrugge Terminal NV strengthened its commercial marketing efforts and added multiple mainline and feeder services, driving a 33.1% YoY increase in total throughput to 894,227 TEU (2024: 671,989 TEU).

PROSPECTS

The global geopolitical landscape in 2026 remains complex and challenging, with persistent uncertainties in trade patterns. The International Monetary Fund (IMF) forecasts in its latest World Economic Outlook report that the global economy is projected to grow by 3.3% in 2026, maintaining a steady growth trajectory. According to London-based shipping consultancy Drewry, global container throughput growth is projected to slow to 1.8% in 2026. Against this backdrop, the Company will adhere to a high-quality development philosophy, closely aligning with the goal of becoming a world-class port logistics service provider. The Company will focus on our core business, improve operational efficiency, and strive to enhance global competitiveness and sustainable development capabilities.

First, the Company will prioritize strategic guidance to optimize our global port layout. Guided by the principle of “expanding globally while deepening efficiency domestically”, the Company will accelerate the construction of a global terminal network that synergistically integrates developed and emerging markets, greenfield and brownfield terminals, and hub and gateway ports. The Company will strengthen corridor development, elevate service levels at key hub ports such as COSCO SHIPPING Ports Chancay PERU S.A., Piraeus Container Terminal Single Member S.A., and CSP Abu Dhabi Terminal L.L.C., and systematically advance hardware and software investments aligned with business growth and smart, low-carbon initiatives. Concurrently, the Company will increase the size of feeder networks, enhance route aggregation effects, and achieve a strategic framework where all terminals connect to form a network and develop synergistically.

Second, deepen operational synergy to comprehensively enhance quality and efficiency. The Company will adhere to lean operations while strengthening marketing and internal coordination, as well as closely monitor shifts in the international shipping landscape to increase coverage of the parent company’s dual-brand routes at subsidiary terminals. The Company will also deepen business integration with the fleet of China COSCO SHIPPING Corporation Limited (the Company’s ultimate controlling shareholder) to accelerate diversified business development. The Company will expedite the construction of a digital marketing and business platform to transition from experience-driven to data-driven operations.  Key initiatives include advancing the intelligent route planning project to enhance operational efficiency and strengthening standardized management of equipment throughout its lifecycle to sustain operational capacity.

Third, strengthen network aggregation and enhance comprehensive service capabilities. The Company will focus on upgrading from “single-point development” to “network synergy.” Continuously reinforce trunk and feeder networks and corridor development at key hubs to enhance transshipment and network capabilities.  Vigorously develop integrated “port + logistics” services and promote standardized supply chain products. Leveraging key logistics nodes, provide customized end-to-end solutions for emerging cargo types such as photovoltaic and energy storage. By coordinating global network resources, the Company will establish a tiered, synergistic operational system to comprehensively enhance supply chain resilience and service value-added.

Fourth, accelerate innovation-driven development to cultivate and expand new productive forces. The Company will actively embrace digital and green industrial trends, integrating technological innovation with core business operations. The Company will deepen the integration of innovative applications like artificial intelligence with terminal operations, expanding the scaled application of digital twins and AI technologies in intelligent scheduling, equipment maintenance, and safety control. In green and low-carbon initiatives, the Company will intensify the promotion and application of new energy equipment, advance port microgrid construction and refined energy management, continuously reduce energy consumption per unit of output, and explore new pathways for green development.

In 2026, the Company’s management will proactively address external challenges and seize development opportunities with a strong sense of mission and responsibility. Regarding the situation in the Middle East which has drawn significant attention, the Company will continue to closely monitor the situation and carefully assess any potential impact, and take any necessary measures to ensure operations continue uninterrupted.  By implementing the aforementioned measures, we will substantially enhance the Company’s core competitiveness and core functions, striving to deliver sustained and stable value returns for all shareholders.

About COSCO SHIPPING Ports (https://ports.coscoshipping.com)

COSCO SHIPPING Ports Limited (Stock Code: 1199) is a leading ports logistics service provider in the world and its terminals portfolio covers the five main port regions and the middle and lower reaches of the Yangtze River in China, Europe, the Mediterranean, the Middle East, Southeast Asia, South America and Africa, etc. As at 31 December 2025, COSCO SHIPPING Ports operated and managed 387 berths at 40 ports globally, of which 238 were for containers, with an annual handling capacity of approximately 133 million TEU.

Building on the brand philosophy of “The Ports for ALL”, COSCO SHIPPING Ports has established its corporate mission of “Connecting Different Worlds” and is committed to maintaining a customer-centric approach to continuously improve the service and capacity of its global network and enhance the strategic positioning of key node ports and optimise logistics resource distribution. Leveraging ports as a conduit to connect global shipping services and serve global trade, the Company is dedicated to establishing a platform for mutual benefits and shared successes for all stakeholders involved with a vision of becoming “the leading global port logistics service provider with a customer-oriented focus”.

Please visit the Company’s website (https://ports.coscoshipping.com) and the designated website of Hong Kong Exchanges and Clearing Limited (https://www.hkexnews.hk) for 2025 Annual Results Announcement.

TENCENT ANNOUNCES 2025 ANNUAL AND FOURTH QUARTER RESULTS

AI Strengthened Existing Core Businesses

Increasing Investments and Upgrading AI Capabilities to Capture New Opportunities

HONG KONG, March 18, 2026 /PRNewswire/ — Tencent Holdings Limited (HKEX: 00700 (HKD Counter) and 80700 (RMB Counter), “Tencent” or “the Company”), a world-leading Internet and technology company in China, today announced the audited consolidated results for the year ended 31 December 2025 (“FY2025”) and the unaudited consolidated results for the quarter ended 31 December 2025 (“4Q2025”).

Mr. Ma Huateng, Chairman and CEO of Tencent, said, “We sustained healthy growth rates in 2025, as AI capabilities improved our ad targeting and supported more engagement with our games, and as our cloud business delivered improving revenue growth and profit at scale. Our highly resilient and cash generative core businesses provide us with the resources to fund our increasing investments in AI, including recruiting top-tier AI talent and upgrading our AI infrastructure. The increasing intelligence of our HY 3.0 large language model, and the utility of our AI products such as Yuanbao, WorkBuddy, and QClaw, are encouraging early signs that these investments will unlock new opportunities. People enjoy consuming and being entertained, and derive satisfaction from creating and being productive, and it is Tencent’s privilege to provide AI services that can enhance our users’ capabilities across these dimensions.”

FY2025 Financial Highlights

Revenues: +14% YoY, gross profit: +21% YoY, non-IFRS[1] operating profit: +18% YoY

  • Total revenues were RMB751.8 billion, up 14% over 2024 (“YoY”).
  • Gross profit was RMB422.6 billion, up 21% YoY.
  • On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:
    • Operating profit was RMB280.7 billion, up 18% YoY. Operating margin increased to 37% from 36% last year.
    • Net profit was RMB 267.0 billion, up 18% YoY.
    • Net profit attributable to equity holders of the Company was RMB259.6 billion, up 17% YoY.
    • Basic earnings per share were RMB28.577. Diluted earnings per share were RMB27.877.
  • On an IFRS basis:
    • Operating profit was RMB241.6 billion, up 16% YoY. Operating margin was stable at 32% compared to 2024.
    • Net profit was RMB229.8 billion, up 17% YoY.
    • Net profit attributable to equity holders of the Company was RMB224.8 billion, up 16% YoY.
    • Basic earnings per share were RMB24.749. Diluted earnings per share were RMB24.153.
  • Capital expenditure was RMB79.2 billion, up 3% YoY.
  • Total cash was RMB494.9 billion, up 19%. Free cash flow was RMB182.6 billion, up 18% YoY. Net cash position totalled RMB107.1 billion, up 40%.
  • The fair value of our shareholdings[2] in listed investee companies (excluding subsidiaries) totalled RMB672.7 billion as at 31 December 2025, compared with RMB800.8 billion as at 30 September 2025. The carrying book value of our shareholdings in unlisted investee companies (excluding subsidiaries) was RMB363.1 billion as at 31 December 2025, compared with RMB345.2 billion as at 30 September 2025.
  • During FY2025, the Company repurchased approximately 153.4 million shares on the Hong Kong Stock Exchange for an aggregate consideration of approximately HKD80.0 billion.

[1] Non-IFRS adjustments excludes share-based compensation, M&A related impact such as net (gains)/losses from investee companies, amortisation of intangible assets, impairment provisions/(reversals), SSV & CPP, income tax effects and others

[2] Including those held via special purpose vehicles, on an attributable basis

 

FY2025 Management Discussion and Analysis

Revenues from VAS increased by 16% year-on-year to RMB369.3 billion for the year ended 31 December 2025. Domestic Games revenues were RMB164.2 billion, up 18% year-on-year, underpinned by robust performance of recently released Delta Force, as well as higher revenues from evergreen games[3] such as Honour of Kings and Peacekeeper Elite, and from VALORANT franchise (PC and mobile). International Games revenues were RMB77.4 billion, up 33% year-on-year (32% on a constant-currency basis), reflecting higher revenues from Supercell’s games and PUBG MOBILE, as well as incremental revenue contribution from Wuthering Waves. Social Networks revenues rose by 5% year-on-year to RMB127.7 billion, due to growth in Video Accounts live streaming revenue, music subscription revenue and app-based game virtual item sales.

Revenues from Marketing Services increased by 19% year-on-year to RMB145.0 billion for the year ended 31 December 2025, primarily driven by growth in pricing and ad impressions. Pricing benefitted from AI-powered ad targeting, advertisers using AI to create more ads, and an increasing proportion of closed-loop ads (where the user clicks through to native transactional experiences, such as Mini Programs, Mini Shops, or Mini Games). Impression growth benefitted primarily from greater user engagement with products including Video Accounts and Weixin Search, and modest increases in ad load. Advertising spending grew across most major industry categories during the year.

Revenues from FinTech and Business Services grew by 8% year-on-year to RMB229.4 billion for the year ended 31 December 2025. FinTech Services revenues increased at a high single-digit rate year-on-year, due to higher revenues from wealth management services, consumer loan services, and commercial payment activities. Business Services revenues rose by a high-teens rate year-on-year, reflecting increased domestic and international demand for cloud services, including demand for AI-related services, as well as higher eCommerce technology service fees, underpinned by growth in Mini Shops GMV.

Operating Metrics

As at

31 December

2025

As at

31 December

2024

Year-

on-year

change

As at

30 September

2025

Quarter-

on-quarter

change

(in millions, unless specified)

Combined MAU of Weixin

and WeChat

1,418

1,385

2 %

1,414

0.3 %

Mobile device MAU of QQ   

508

524

-3 %

517

-2 %

Fee-based VAS 

subscriptions[4]

267

262

2 %

265

0.8 %

[3] Evergreen games refer to domestic and international games surpassing average quarterly DAU of 5 million for mobile or 2 million for PC, and generating over RMB4 billion annual gross receipts

[4] Average daily number of subscriptions during the quarter

 

FY2025 Business Review and Outlook 

  • We expanded our evergreen games portfolio with the breakout success of Delta Force, and reinforced our existing evergreen games, such as Honour of Kings and Peacekeeper Elite.
  • Our International Games revenue surpassed USD10 billion in the year, driven by the sustained growth of our evergreen games and rapid expansion of our content-driven games.
  • By deploying AI in games, we accelerated our content production, improved the user experience and enhanced our marketing efficiency.
  • We upgraded our adtech foundation model and introduced automated campaign solution AIM+, delivering above-industry revenue growth in Marketing Services, while our ad load remained at a much lower level than peers’.
  • Video Accounts‘ total user time spent increased over 20% year-on-year, benefitting from upgraded content recommendation algorithms and enriched content ecosystem.
  • We grew user engagement with Mini Shops, Mini Games and other content-related Mini Programs at rapid year-on-year rates’, by strengthening Weixin‘s commerce experience and content ecosystem.
  • Tencent Video maintained its leading position in China’s long-form video market with year-on-year growth in video subscribers. Tencent Music extended its leading position in China’s music streaming market with year-on-year growth in ARPU and subscribers.
  • Tencent Cloud achieved profit at scale due to increased enterprise demand for AI workloads, higher contributions from market-leading PaaS and SaaS products, and optimsed supply chain.
  • Through deepened cooperation with licensed financial institutions and prudent risk management, we sustained healthy revenue growth in FinTech.
  • Leveraging our proprietary data and abundant use cases, our HY foundation models became industry leaders in multimodal capabilities including 3D, text-to-image and World modeling.
  • We upgraded our team with top AI talent, built processes for improving foundation model intelligence in a systematic way, and deployed new AI capabilities in services including Yuanbao and Weixin.

FY2025 Sustainability Initiatives Highlights

  • Our Giving for Good campaign promoted charity as part of everyday life, by leveraging our social network, digital tools and offline partners, users engaged in over 530 million philanthropic acts.
  • Through our XPLORER PRIZE and New Cornerstone Investor Program, which aim at helping scientists to pursue original breakthroughs in fundamental research, we have supported over 430 outstanding scientists.
  • By improving energy efficiency, advancing our transition to green electricity and implementing supply chain decarbonisation initiatives, we are well on track to reach our carbon neutrality target by 2030.
  • Our efforts in sustainability development were recognised with inclusion in major ESG indices, improvements in ESG ratings such as an MSCI rating upgrade from BBB to A, and ESG awards.

4Q2025 Financial Highlights

Revenues: +13% YoY, gross profit: +19% YoY, non-IFRS operating profit: +17% YoY

  • Total revenues were RMB194.4 billion, up 13% over the fourth quarter of 2024.
  • Gross profit was RMB108.3 billion, up 19% YoY.
  • On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:
    • Operating profit was RMB69.5 billion, up 17% YoY. Operating margin increased to 36% from 34% last year.
    • Net profit was RMB 66.7 billion, up 18% YoY.
    • Net profit attributable to equity holders of the Company was RMB64.7 billion, up 17% YoY.
    • Basic earnings per share were RMB7.144. Diluted earnings per share were RMB6.966.
  • On an IFRS basis:
    • Operating profit was RMB60.3 billion, up 17% YoY. Operating margin increased to 31% from 30% last year.
    • Net profit was RMB59.1 billion, up 15% YoY.
    • Net profit attributable to equity holders of the Company was RMB58.3 billion, up 14% YoY.
    • Basic earnings per share were RMB6.433. Diluted earnings per share were RMB6.276.
  • Capital expenditure was RMB19.6 billion, down 46% YoY.

4Q2025 Management Discussion and Analysis

Revenues from VAS increased by 14% year-on-year to RMB89.9 billion for the fourth quarter of 2025. Domestic Games revenues were RMB38.2 billion, up 15% year-on-year, driven by Delta Force, increased revenues from VALORANT franchise (PC and mobile), as well as incremental revenue contribution from Wuthering Waves. International Games revenues were RMB21.1 billion, up 32% year-on-year (31% on a constant-currency basis), primarily due to higher revenues from Supercell’s games and PUBG MOBILE, alongside incremental revenue contribution from Wuthering Waves. Social Networks revenues grew by 3% year-on-year to RMB30.6 billion, reflecting growth in Video Accounts live streaming revenue and music subscription revenue.

Revenues from Marketing Services were RMB41.1 billion for the fourth quarter of 2025, up 17% year-on-year. Enhancements to AI-powered ad targeting and expansion of closed-loop marketing capabilities within the Weixin ecosystem boosted ad performance and pricing, and represented the main drivers of growth. Ad impressions increased slightly, due to greater user engagement and modest increases in ad load.

Revenues from FinTech and Business Services increased by 8% year-on-year to RMB60.8 billion for the fourth quarter of 2025. FinTech Services revenue growth was mainly due to higher revenues from wealth management services and commercial payment activities. Business Services revenue growth accelerated to 22% year-on-year, reflecting higher cloud services revenues across domestic and international markets, including revenues for AI-related services, as well as higher eCommerce technology service fees, mainly arising from growth in Mini Shops GMV.

For other detailed disclosure, please refer to our website https://www.tencent.com/en-us/investors.html, or follow us via Weixin Official Account (Weixin ID: TencentGlobal).

About Tencent

Tencent uses technology to enrich the lives of Internet users.

Our communication and social services, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted marketing services helps advertisers reach out to hundreds of millions of consumers in China. Our FinTech and business services support partners’ business growth and assist their digital upgrade.

Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Tencent has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.

Investor contact: IR@tencent.com
Media contact:
GC@tencent.com

Non-IFRS Financial Measures

To supplement the consolidated results of the Group (“the Company and its subsidiaries”) prepared in accordance with IFRS, certain additional non-IFRS financial measures (in terms of operating profit, operating margin, profit for the period, profit attributable to equity holders of the Company, basic EPS and diluted EPS) have been presented in this press release. These unaudited non-IFRS financial measures should be considered in addition to, not as a substitute for, measures of the Group’s financial performance prepared in accordance with IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies.

The Company’s management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Group’s core operations by excluding certain non-cash items and certain impact of investment-related transactions. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Group’s major associates based on available published financials of the relevant major associates, or estimates made by the Company’s management based on available information, certain expectations, assumptions and premises.

Forward-Looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Group. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

 

 

CONDENSED CONSOLIDATED INCOME STATEMENT 

RMB in millions, unless specified

Unaudited

Audited

4Q2025

4Q2024

2025

2024

Revenues

194,371

172,446

751,766

660,257

VAS

89,920

79,022

369,281

319,168

Marketing Services

41,116

35,004

144,973

121,374

FinTech and Business Services

60,818

56,125

229,435

211,956

Others

2,517

2,295

8,077

7,759

Cost of revenues

(86,082)

(81,793)

(329,173)

(311,011)

Gross profit

108,289

90,653

422,593

349,246

Gross margin

56 %

53 %

56 %

53 %

Selling and marketing expenses

(12,983)

(10,285)

(41,727)

(36,388)

General and administrative expenses

(36,283)

(31,403)

(136,127)

(112,761)

Other gains/(losses), net

1,315

2,513

(3,177)

8,002

Operating profit

60,338

51,478

241,562

208,099

  Operating margin

31 %

30 %

32 %

32 %

Net gains/(losses) from investments

  and others

3,303

1,119

10,168

4,187

Interest income

4,784

3,910

16,909

16,004

Finance costs

(3,573)

(2,512)

(15,130)

(11,981)

Share of profit/(losses) of associates

  and joint ventures, net

6,832

9,253

23,740

25,176

Profit before income tax

71,684

63,248

277,249

241,485

Income tax expense

(12,595)

(11,781)

(47,448)

(45,018)

Profit for the period

59,089

51,467

229,801

196,467

Attributable to:

    Equity holders of the Company

58,260

51,324

224,842

194,073

    Non-controlling interests

829

143

4,959

2,394

Non-IFRS operating profit

69,518

59,475

280,656

237,811

Non-IFRS profit attributable to equity

  holders of the Company

64,694

55,312

259,626

222,703

Earnings per share for profit

  attributable to equity holders of

  the Company

  (in RMB per share)

– basic

6.433

5.597

24.749

20.938

– diluted

6.276

5.485

24.153

20.486

 

 

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

RMB in millions, unless specified

Audited

2025

2024

Profit for the year

229,801

196,467

Other comprehensive income, net of tax:

Items that may be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

(217)

(492)

Transfer of share of other comprehensive income to profit or loss upon disposal

  and deemed disposal of associates and joint ventures

(96)

(13)

Net gains from changes in fair value of financial assets at fair value through other

  comprehensive income

6

23

Transfer to profit or loss upon disposal of financial assets at fair value through

  other comprehensive income

(9)

1

Currency translation differences

(6,060)

(2,746)

Net movement in reserves for hedges

(177)

(2,618)

Items that will not be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

477

(711)

Net gains from changes in fair value of financial assets at fair value through

  other comprehensive income

53,734

94,249

Currency translation differences

(2,042)

111

Net movement in reserves for hedges

(66)

71

45,550

87,875

Total comprehensive income for the year

275,351

284,342

Attributable to:

        Equity holders of the Company

267,794

279,009

        Non-controlling interests

7,557

5,333

 

 

OTHER FINANCIAL INFORMATION 

RMB in millions, unless specified

Unaudited

Audited

4Q2025

4Q2024

3Q2025

2025

2024

EBITDA (a)

77,126

63,917

80,357

310,767

256,310

Adjusted EBITDA (a)

83,048

69,579

86,698

336,427

277,012

Adjusted EBITDA margin (b)

43 %

40 %

45 %

45 %

42 %

Interest and related expenses

3,323

3,340

3,206

13,456

12,447

Net cash (c)

107,145

76,798

102,422

107,145

76,798

Capital expenditures (d)

19,632

36,578

12,983

79,198

76,760

Note:

(a) EBITDA is calculated as operating profit minus other gains/(losses), net, and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, and amortisation of intangible assets and land use rights. Adjusted EBITDA is calculated as EBITDA plus equity-settled share-based compensation expenses

(b) Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues

(c) Net cash represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, including highly liquid investment products held for treasury purposes, minus borrowings and notes payable

(d) Capital expenditures primarily consist of investments in IT infrastructure (including computer equipment, components, and software), data centres, land use rights, office premises and intellectual properties (excluding media content)

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 

RMB in millions, unless specified

Audited

Audited

As at

31 December, 2025

As at

31 December, 2024

ASSETS

Non-current assets

  Property, plant and equipment

149,905

80,185

  Land use rights

22,339

23,117

  Right-of-use assets

17,367

17,679

  Construction in progress

9,670

12,302

  Investment properties

950

801

  Intangible assets

205,999

196,127

  Investments in associates

342,409

290,343

  Investments in joint ventures

6,303

7,072

  Financial assets at fair value through profit or loss

207,157

204,999

  Financial assets at fair value through other

   comprehensive income

356,640

302,360

  Prepayments, deposits and other assets

24,540

42,828

  Other financial assets

1,327

1,076

  Deferred income tax assets

28,618

28,325

  Term deposits

70,302

77,601

1,443,526

1,284,815

Current assets

  Inventories

530

440

  Accounts receivable

49,930

48,203

  Prepayments, deposits and other assets

111,270

101,044

  Other financial assets

4,201

4,750

  Financial assets at fair value through profit or loss

35,929

9,568

  Financial assets at fair value through other

   comprehensive income

8,781

3,345

  Term deposits

236,801

192,977

  Restricted cash

6,977

3,334

  Cash and cash equivalents

141,041

132,519

595,460

496,180

Total assets

2,038,986

1,780,995

 

 

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

RMB in millions, unless specified

Audited

Audited

As at

31 December, 2025

As at

31 December, 2024

EQUITY

Equity attributable to equity holders of the Company

  Share capital

  Share premium

63,796

43,079

  Treasury shares

(3,450)

(3,597)

  Shares held for share award schemes

(7,124)

(5,093)

  Other reserves

90,494

47,129

  Retained earnings

1,010,436

892,030

1,154,152

973,548

Non-controlling interests

86,913

80,348

Total equity

1,241,065

1,053,896

LIABILITIES

Non-current liabilities

  Borrowings

208,369

146,521

  Notes payable

126,204

130,586

  Long-term payables

10,544

10,201

  Other financial liabilities

2,879

4,203

  Deferred income tax liabilities

21,684

18,546

  Lease liabilities

13,280

13,897

  Deferred revenue

2,210

6,236

385,170

330,190

Current liabilities

  Accounts payable

121,127

118,712

  Other payables and accruals

96,496

84,032

  Borrowings

42,618

52,885

  Notes payable

10,542

8,623

  Current income tax liabilities

18,558

16,586

  Other tax liabilities

3,723

4,038

  Other financial liabilities

3,992

6,336

  Lease liabilities

5,386

5,600

  Deferred revenue

110,309

100,097

412,751

396,909

Total liabilities

797,921

727,099

Total equity and liabilities

2,038,986

1,780,995

 

 

RECONCILIATIONS OF THE GROUP’S NON-IFRS FINANCIAL MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS

As

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation

(a)

Net

(gains)/losses

from investee

companies (b)

Amortisation of

intangible assets

(c)

Impairment

provisions/

(reversals) (d)

SSV & CPP

(e)

Others

 (f)

Income

tax effects

(g)

Unaudited three months ended 31 December 2025

Operating profit

60,338

7,210

1,594

376

69,518

Share of profit/(loss) of associates

 and joint ventures, net

6,832

773

(26)

1,522

46

9,147

Profit for the period

59,089

7,983

(7,479)

3,116

3,617

1,338

(953)

66,711

Profit attributable to

 equity holders

58,260

7,902

(7,515)

2,793

2,812

1,338

(896)

64,694

Operating margin

31 %

36 %

Unaudited three months ended 31 December 2024

Operating profit

51,478

6,140

1,416

441

59,475

Share of profit/(loss) of associates

 and joint ventures, net

9,253

1,003

(3,799)

1,176

116

7,749

Profit for the period

51,467

7,143

(6,888)

2,592

1,760

1,109

(706)

56,477

Profit attributable to equity holders

51,324

7,034

(6,931)

2,396

1,037

1,109

(657)

55,312

Operating margin

30 %

34 %

Unaudited three months ended 30 September 2025

Operating profit

63,554

7,188

1,622

206

72,570

Share of profit/(loss) of associates

 and joint ventures, net

7,854

909

(555)

1,755

(1)

360

10,322

Profit for the period

64,943

8,097

1,703

3,377

(4,798)

321

360

(1,207)

72,796

Profit attributable to equity holders

63,133

7,905

1,730

3,003

(4,805)

321

360

(1,096)

70,551

Operating margin

33 %

38 %

Note:

(a) Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies’ share-based incentive plans which can be acquired by the Group, and other incentives

(b) Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies

(c) Amortisation of intangible assets resulting from acquisitions

(d) Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e) Mainly including donations and expenses incurred for the Group’s Sustainable Social Value and Common Prosperity Programme (“SSV & CPP”) initiatives

(f) Primarily non-recurring compliance-related costs and expenses incurred for certain litigation settlements of the Group and/or arising from investee companies

(g) Income tax effects of non-IFRS adjustments

 

 

RECONCILIATIONS OF THE GROUP’S NON-IFRS FINANCIAL MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS

As

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation

(a)

Net

(gains)/losses

from investee

companies (b)

Amortisation of

intangible assets

(c)

Impairment

provisions/

(reversals) (d)

SSV & CPP

(e)

Others

 (f)

Income

tax effects

(g)

Year ended 31 December 2025

Operating profit

241,562

31,859

6,345

890

280,656

Share of profit/(loss) of associates

 and joint ventures, net

23,740

3,553

(1,268)

6,534

538

360

33,457

Profit for the year

229,801

35,412

(8,203)

12,879

(2,242)

2,570

360

(3,612)

266,965

Profit attributable to

 equity holders

224,842

34,711

(7,896)

11,498

(3,117)

2,570

360

(3,342)

259,626

Operating margin

32 %

37 %

Year ended 31 December 2024

Operating profit

208,099

23,424

5,294

991

3

237,811

Share of profit/(loss) of associates

 and joint ventures, net

25,176

4,423

(4,289)

5,478

847

31,635

Profit for the year

196,467

27,847

(18,646)

10,772

10,636

2,570

3

(2,455)

227,194

Profit attributable to equity holders

194,073

27,230

(18,770)

9,994

9,836

2,570

3

(2,233)

222,703

Operating margin

32 %

36 %

Note:

(a) Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies’ share-based incentive plans which can be acquired by the Group, and other incentives

(b) Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies

(c) Amortisation of intangible assets resulting from acquisitions

(d) Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e) Mainly including donations and expenses incurred for the Group’s Sustainable Social Value and Common Prosperity Programme (“SSV & CPP”) initiatives

(f) Primarily non-recurring compliance-related costs and expenses incurred for certain litigation settlements of the Group and/or arising from investee companies

(g) Income tax effects of non-IFRS adjustments

 

AMBITIONS ENTERPRISE MANAGEMENT Subsidiary Served as Official Business Travel Service Provider for Mobile World Congress 2026

DUBAI, UAE, March 18, 2026 /PRNewswire/ — AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C (“Ambitions” or the “Company”) (NASDAQ: AHMA), a UAE-based provider of MICE (meetings, incentives, conferences, and exhibitions) and tourism services, today announced that its wholly owned subsidiary, Hunter International Travel & Tourism L.L.C. (“Hunter”), served as the official business travel service provider for Mobile World Congress (“MWC”) 2026, held in Barcelona from March 2-5. Total estimated attendance exceeded 88,000 participants, underscoring the event’s scale and complexity.

MWC is widely recognized as the world’s most influential telecommunications event, bringing together global leaders, innovators, and policymakers to discuss the future of connectivity and digital infrastructure. The 2026 edition attracted over 750 telecom operators and 400 technology companies from more than 200 countries and regions, with major exhibitors such as Huawei, Qualcomm, and Nokia showcasing their latest innovations.  

During the four-day event, Hunter coordinated travel and logistics for more than 80 premium delegations and deployed a dedicated fleet of over 100 vehicles, demonstrating its flexible operational capabilities. In total, Hunter ensured seamless transportation services for over 1,000 guests throughout the conference.

Hunter’s strong execution at MWC 2026 reinforces a growing reputation for excellence and deep expertise in managing large-scale international exhibition and delegation services, built across more than 3,000 corporate client engagements since inception. Going forward, Hunter will continue leveraging its expanding global network and operational expertise to deliver tailored, high-quality travel and hospitality solutions for exhibitions and corporate events across global markets.

About AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C

As a UAE-based MICE (meetings, incentives, conferences, and exhibitions) and tourism services provider, the Company serves a global client base by delivering expert event management and seamless, one-stop travel solutions. Guided by an experienced management team and supported by partnerships across the tourism and hospitality industries in the Middle East, Europe, Africa, and the Americas, the Company executes large-scale events for clients from diverse sectors. Additionally, the Company manages bespoke travel experiences, providing a one-stop guided tour service that streamlines travel across the UAE and its neighboring countries, as well as to other global destinations.

For more information, please visit https://ir.ambitions.ae.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “would,” “may,” “expects,” “anticipates,” “aims,” “future,” “continues,” “could,” “should,” “target,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions, the satisfaction of customary closing conditions related to the Offering, the completion of Offering on the anticipated terms, or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus that forms a part of the effective registration statement filed with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C
Investor Relations
Email: Ambitions@thepiacentegroup.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Ambitions@thepiacentegroup.com

Jenny Cai
Tel: +86-10-6508-0677
Email: Ambitions@thepiacentegroup.com

Shanghai International Film & TV Festival Host 2026 Hong Kong Reception, Announcing Dates for the 31st STVF

HONG KONG, March 18, 2026  /PRNewswire/ — The 31st Shanghai TV Festival (STVF) is set to take place in Shanghai from June 22 to 26, 2026. On March 18, Shanghai International Film & TV Festival held a reception in Hong Kong, where Tong Ying, Deputy Managing Director of Shanghai International Film & TV Events Center, unveiled the news. With this announcement, the dates for the 2026 SIFF & STVF are now fully locked – following the previously confirmed 28th SIFF, which will light up Shanghai from June 12 to 21.

The event was hosted by Shanghai International Film & TV Events Center and co-organized by the China Film Co-Production Corporation. More than 100 distinguished guests and industry partners attended, including: Qin Zhengui, Deputy Director of the China Film Administration and Director of the China Film Archive; Xue Changxu, Deputy Secretary-General of the China Film Association; Huai Wei, Deputy General Manager of China Film Group Film Import and Export Branch; Xu Jingyi, Director of the Television Drama Division of the Shanghai Municipal Administration of Culture and Tourism; See Yuen Ng, Honoray Permanent President of Hong Kong Film Directors’ Guild & Chairman of Federation of Hong Kong Filmmakers; Chung Shu Kai, Vice President of TVB and President of 77 Atelier Limited; as well as executive producer, director and screenwriter Chan Mou Yin Anselm.

As a shining cultural icon of Shanghai, Shanghai International Film & TV Festival has, over the past 30 to 40 years of steady growth, evolved into a premier exchange platform that connects global vision, empowers the industry, and engages audiences at scale. In 2025, the 27th SIFF drew over 3,900 submissions from 119 countries and regions, with an impressive 77% world premiere rate among the Golden Goblet Award entries. Screenings took place across 48 cinemas – including venues beyond Shanghai – showcasing 410 titles. Nearly 100 audience meet-and-greets brought filmmakers and filmgoers together, drawing close to 500,000 admissions. Meanwhile, the 30th STVF received nearly 1,000 entries from 43 countries and regions, while the Magnolia Awards Ceremony commanded nearly 40 million live-stream views.

For the upcoming 2026 Shanghai International Film & TV Festival, Tong Ying offered a concise preview: “A vibrant lineup of events and a host of exciting highlights.” She added that the festivals “will stay true to their core values – professionalism, global reach, creative vision, and public engagement – as we continue to build bridges between Chinese and international film and television communities.”

Take the industry segment, for example. At its core, the International Film & TV Market will operate on twin engines – exhibitions and industry events – integrating forums, project pitches, deal-making, and more into a tightly focused industry matrix. A special emphasis will be placed on nurturing emerging talent, with initiatives such as the SIFF Project, SIFF NEXT, SIFF ING, and SIFF YOUNG serving as launchpads for young creators. Technological frontiers will be pushed through dedicated sections, including “AI Backlot”, SIFF XR and Sci-Fi Film Week, expanding the possibilities of cinematic language and craft. New trends – from Micro-dramas to IP adaptation – will be explored through incubator programs and in-depth forums, positioning SIFF at the forefront of content evolution. And with a global outlook at its heart, a diverse array of exhibitions, presentations, and networking sessions will weave an open and inclusive international cooperation network. Currently, submissions for the Golden Goblet Awards and screening, the Magnolia Awards (TV dramas (China) and variety programs), and the International Film & TV Market booth application (early-bird) remain open until March 31.

Also worth noting: this May, SIFF and STVF will launch their first-ever special exhibition at Shanghai Film Art Center. Curated from over 500 treasured exhibits and enriched by original works and interactive installations from renowned artists, the exhibition traces the festivals’ luminous journey through four distinct lenses – trailblazers, industry players, cinephiles, and the unsung heroes behind the scenes. It’s a sweeping tribute to the milestones and memories that have defined the festivals since their inception.

“Our collaboration with Hong Kong’s film and television industry runs deep – and the results speak for themselves.” Tong Ying remarked at the promotional event. She highlighted the close partnership between SIFF and the Cultural and Creative Industries Development Agency of Hong Kong in recent years, as well as the ongoing, good-faith collaboration between STVF and Hong Kong’s film and television organizations. This year, SIFF will once again present the “Making Waves Navigators of Hong Kong Cinema” section, a dedicated showcase spotlighting emerging Hong Kong talents alongside restored classics – a testament to the city’s enduring creative vitality. “Looking ahead,” Tong Ying added, “we aim to deepen exchanges between filmmakers on both sides and further integrate our industries, as we write the next chapter of Chinese-language screen storytelling together.”

On the big screen and the small – across the editions of SIFF and STVF – the brilliance of Hong Kong’s finest film and television talents has always shone through. It is on this shared stage that we witness another kind of reunion: the embrace of two “Cities of Cinema” – Shanghai and Hong Kong. With every such encounter, we hope to forge lasting friendships and spark genuine collaboration – not just between the two cities, but among filmmakers from around the world.

“SIFF is a place where things actually get done – where ideas turn into action,” said See Yuen Ng, who attended the event in person. A former jury member of the 3rd SIFF Golden Goblet Awards, he spoke from the heart: “Over the years, whenever time permits, I make a point of coming back – for panels, for industry gatherings, for the conversations that matter.” Such a platform, he reflected, is indispensable to the evolution of Chinese-language cinema. The festival, he noted, has become a vital bridge for Shanghai-Hong Kong film collaboration. “It’s not just about discovering great works; it’s about finding kindred spirits and unlocking new possibilities.” His words carried the weight of decades in the industry: “I hope that more and more filmmakers will find here the opportunities and the stage they deserve.”

After serving as a member of SIFF Project Annual Focus Committee at the 2025 SIFF, Chan Mou Yin Anselm left with one clear aspiration: to return soon with a project of his own. He encouraged fellow Hong Kong filmmakers, especially the younger generation, to look to SIFF as a gateway to the mainland. “It’s a chance to connect, to exchange ideas,” he said. “I’ve been to many festivals around the world. SIFF has something special. Everyone here genuinely wants to help.” He added, “I’m working on a script right now. I hope that my next film will have its moment here in Shanghai.”

“Chinese-language dramas need to keep moving forward – and that requires more exchange, more collaboration,” said director Chung Shu Kai, a regular participant at STVF. “Great stories know no borders.” He spoke with quiet conviction: “For me, what draws me back isn’t the buzz – it’s the chance to see where the industry is heading, how it’s evolving. That kind of dialogue is invaluable.”

Film and television speak a universal language. Exchange fuels the future. This June, as early summer arrives in Shanghai, the global screen community will once again gather – to celebrate remarkable works, to forge new partnerships, to share the magic of cinema, and to experience, once again, the glamour of this modern metropolis – a city made for cinema.

 

Sun Life Survey: Hong Kong Women Top Asia as Household “Chief Financial Officer”

Nearly half (45%) solely control long-term family investments, leading surveyed Asian markets, yet only 7% seek professional advice

  • Two-thirds (67%) of survey respondents say they have the final say on financial decisions
  • Seven in ten respondents cite the financial burden of family caregiving as the major barrier to improving their own financial security
  • Retirement confidence reveals a “longevity gap”: nearly 70% are confident their savings will last to age 75, dropping to half by age 80, and less than one in ten beyond 90

HONG KONG, March 18, 2026 /PRNewswire/ — Hong Kong women play a dominant role in household financial decision-making, according to Sun Life’s new “Women’s Wealth in Focus: When Care Comes First[1]” survey, released today. While nearly half (45%) of the survey respondents control long-term family investments, two-thirds  (67%) stated they have the final say in financial decisions, underscoring the financial autonomy and household CFO role of women in Hong Kong.

Highest decision-making power in Asia; yet least likely to seek professional advice

However, the survey also highlights that beneath this strong financial autonomy lie significant challenges and concerns about long-term financial security, including a reluctance to seek professional advice, the costs of caring for family members’ healthcare, and gaps in retirement readiness.

The findings show that Hong Kong women demonstrate remarkable independence in household financial planning, with nearly half (45%) of those surveyed saying they are the sole decision-makers for long-term investment and financial planning – the highest percentage among all the Asian markets surveyed – and two-thirds (67%) saying they have the final say on financial decisions. Yet, in stark contrast to this high level of autonomy is a profound reluctance to seek professional advice: only 7% said they had sought such financial advice, the lowest rate in the region.

This disconnection between decision-making power and obtaining expert advice suggests that women with financial control often plan independently, lacking access to comprehensive information, which may expose them to risks that could undermine their long-term financial well-being.

“Sandwich Generation” faces triple penalty on financial security, self-care, career advancement

The survey delves into the challenges faced by the “Sandwich Generation” – women simultaneously caring for aging parents and children. The findings reveal that caregiving responsibilities are creating a hidden “triple penalty” affecting their finances, careers and personal well-being. Seven in ten (72%) identified the financial burden of caregiving as the primary obstacle to improving their own financial security, while six in ten (58%) say caring for family members limits their ability to self-care, and nearly six in ten (56%) say it affects their career progression.

More concerning is that many women prioritize their family’s needs over their own health. More than four in ten (44%) respondents said they have foregone their own medical treatment to support their children or elderly relatives. While this figure improved from 63% last year, high medical costs remain one of the top three threats to women’s financial security.

Christine Yeung, Deputy Chief Executive Officer, Life and Health, Sun Life Hong Kong Limited, said: “Hong Kong women are demonstrating remarkable leadership in household financial decision-making – a true reflection of social progress. However, these findings serve as a wake-up call: having the final say does not equate to having comprehensive financial resilience. To support their wealth planning, we hope to bridge the gap between autonomous financial management and professional financial advice.”

Retirement savings and average life expectancy point to “longevity gap”

The survey also highlights the strong sense of responsibility women feel toward their families. As many as 90% of those surveyed expect to provide financial support to their aging parents, either now or in the future. However, only 26% of them set aside 10% or more of their monthly income for their parents’ retirement needs, highlighting the significant cross-generational financial pressures many women face.

At the same time, 32% worry that they may become a burden to their children or relatives in later life – a stark contrast to their efforts in caring for the previous generation.

In retirement planning, a clear “longevity gap” also emerges. While 69% of women feel confident their savings can cover their basic living expenses until they are 75, confidence drops sharply with an extended lifespan: dropping to 51% at age 80, and only 8% feel confident their finances will support them beyond 90. The average life expectancy for Hong Kong women is around 88 to 89 years.

This indicates that many women underestimate the financial risks associated with longevity and fail to cover extended later years in their planning, creating concerns for their golden years.

Yeung continued: “With roots in Hong Kong going back more than a century, Sun Life has witnessed the growth and role of women evolve through generations. We believe that achieving true financial freedom requires a trusted partner who can support women at every stage of life. Through women-focused health protection and comprehensive retirement solutions, we aim to help women pursue financial independence while safeguarding their health and future so they can enjoy their retirement life.”

[1] This survey, conducted in January 2026, interviewed over 3,001 respondents from Hong Kong SAR, Indonesia, Malaysia, the Philippines, Singapore, and Vietnam, including approximately 501 respondents from Hong Kong SAR, to explore perspectives around financial aspirations, behaviours, and challenges faced by women and how they translate into long-term financial security in Asia.

 

About Sun Life

Sun Life is a leading international financial services organisation providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including: Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, Mainland China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2025, Sun Life had total assets under management of $1.60 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited (incorporated in Bermuda with limited liability) is a wholly-owned subsidiary of Sun Life Assurance Company of Canada and operates in Hong Kong.

DEKRA becomes the First Accredited Certification Body for AI Biometric Systems Under the EU AI Act

Standards for Trustworthy and Compliant AI

STUTTGART, Germany, March 18, 2026 /PRNewswire/ — DEKRA, a global leader in testing, inspection, and certification (TIC) services, is now the first officially accredited certification body for AI Biometric Systems under the EU Artificial Intelligence Act (EU AI Act) – empowering manufacturers to navigate the EU’s evolving regulatory requirements and bring compliant, responsible AI-powered technologies to the EU market.

As Artificial Intelligence (AI) becomes embedded not only in daily life but also in the systems that can identify, categorize, and monitor people, the question of who certifies their trustworthiness has never been more critical.

AI Biometric Systems are designed to recognize individuals from their physical or behavioral characteristics – often in real time and at scale. Yet, their power is matched by their potential for harm, which is why the EU AI Act classifies them among the high-risk categories. DEKRA is now authorized to conduct conformity assessment on three of the sensitive AI Biometric Systems:

  • Remote Biometric Systems: identify individuals at a distance without requiring active participation.
  • Emotion Recognition Systems: analyze biometric data to infer or identify a person’s emotions or intentions.
  • Biometric Categorization Systems: classify individuals based on physical traits or behavioral attributes.

“The EU AI Act is reshaping how high-risk technologies are brought to the market, and at DEKRA we are ready to meet that moment”, says Fernando Hardasmal, DEKRA Executive Vice President and Head of Digital & Product Solutions. “Being the first laboratory accredited under the EU AI Act means that manufacturers of AI Biometric Systems can rely on us to navigate the most demanding regulatory requirements – with confidence that their products meet the bar for security, reliability, and digital trust”.

This accreditation, granted by Dutch Accreditation Council (RvA), comes at a key moment. With the EU AI Act having entered into force in 2024 and mandatory compliance for high-risk AI systems arriving in August 2026, manufacturers of AI Biometric Systems face growing pressure to demonstrate conformity before their products reach the EU market.

This milestone strengthens DEKRA’s portfolio of Digital Trust Services and reflects our broader commitment to making advanced technologies smarter, safer, and more secure worldwide.

For manufacturers, the path forward is clear: understand the compliance requirements, embed security and accountability into systems, and pursue certification before the August 2026 deadline. Early certification is not just about regulatory compliance – it’s a competitive differentiator in an increasingly trust-conscious industry.

About DEKRA
For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA is expected to generate revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60.

Xinhua Silk Road: Fingertip fabric art weaves new industrial landscape in Zaozhuang, E China

BEIJING, March 18, 2026 /PRNewswire/ — Li Anling, the fifth-generation inheritor of the Li family’s traditional fabric art in Zaozhuang, east China’s Shandong Province, has been continuously launching new fabric art products through integrating innovation of traditional fabric art techniques and local elements, winning her a total of 33 invention patents for traditional fabric art.

A series of featured fabric art products, such as Zaozhuang Tiger and the fabric pomegranate, has brought fresh vitality to the century-old fabric art and become an outstanding calling card of Zaozhuang’s intangible cultural heritage, not only entering local communities and schools but also being sold all over the country through live-streaming e-commerce channels.

Zaozhuang has actively promoted an integrated development mechanism of “inheritors + live-streaming bases”, and through standardized inheritance of skills and professional guidance in e-commerce, enabling traditional fabric art to meet the market demand.

With the normalization of live-streaming and the diversification and upgrading of product categories, the industrial ecosystem featuring “intangible cultural heritage + live-streaming” has been further advanced in Zaozhuang. The intangible cultural heritage related cultural and creative industry, with Li’s fabric artworks as the core products, has been continuously expanding its influence through digital communication channels. From traditional craftsmanship of needle and thread, Li’s fabric art has become a characteristic industry that empowers rural cultural revitalization and promotes integration of culture and tourism, turning the “skill at the fingertips” into an “economy at the fingertips”.

The “transformation story” of Li’s fabric art, from traditional handicraft of needles and thread, to bestsellers in e-commerce studios, and then to a “cultural engine” in promoting the development of intangible cultural heritage, has formed a vivid epitome of the transformation and upgrading of Zaozhuang’s intangible cultural heritage. It injects strong and vibrant impetus into the revitalization of local culture. 

Original link: https://en.imsilkroad.com/p/349811.html