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NineSmart Debuts at InnoEX 2026 Showcasing Upgraded PropTech Solutions

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Leading Property Management Toward Automation and Transformation


HONG KONG SAR – Media OutReach Newswire – 21 April 2026 – Hong Kong property technology (PropTech) startup NineSmart, participated in the international innovation and technology event InnoEX, jointly organised by the Innovation, Technology and Industry Bureau of the HKSAR government and the Hong Kong Trade Development Council at the Hong Kong Convention and Exhibition Centre. As a proud participant of the Smart City Consortium’s “SCC Smart Living Pavilion”, NineSmart showcased its latest developments in PropTech, drawing attention from numerous industry professionals and visitors.

NineSmart Booth at InnoEx2026 Showcasing PropTech Solutions
NineSmart Booth at InnoEx2026 Showcasing PropTech Solutions

Show Highlights: Upgraded Smart Property Management Solution Demo

At InnoEX, NineSmart highlighted its upgraded Smart Property solution, featuring multiple innovative functions to enhance resident experience and property management efficiency. Their Smart Intercom system now includes voice-to-text feature, allowing visitors to simply speak the resident’s unit number to the intercom panel. The system connects to the resident’s app for direct conversation and remote door unlocking, improving access convenience and unmanned management feasibility without compromising security.

For access control, Smart Property enables residents or visitors to scan a QR code on the elevator panel to select and go to multiple designated floors simultaneously, optimizing traffic flow while enhancing security. The Smart Mailbox feature also became a showstopper, equipped with a motion sensor to instantly detect mail delivery. When mail arrives, the system pushes real-time notifications via the app, allowing residents to stay informed without frequent mailbox checks.

On-Site Reactions: Innovations Win Visitor Praise

Visitors were impressed by NineSmart’s innovative applications. A visitor noted, “The Smart Mailbox provides instant notifications for new mail, which is extremely practical for daily life – it prevents missing important letters, which is truly impressive.” An industry peer added, “NineSmart continuously optimizes its product features to meet the actual needs of the Hong Kong market and property management sector.”

Future Development: Driving Automation and Unmanned Operations

NineSmart co-founder, Lucas Mo Tsun-Ming, stated, “We will continue to deepen our Smart Property solutions, focusing investment on automation, transformation and unmanned operation technologies to help the property management industry boost operational efficiency amid labor shortages and evolving management demands.”

Currently, NineSmart serves multiple property developers and renowned property management firms, with business spanning new residential projects, retrofitting access systems for old buildings, as well as campuses, clubhouses and commercial offices – committed to advancing smart living and smart city development in Hong Kong.

Hashtag: #NineSmart #InnoEx #SmartCity #SmartProperty #PropTech



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

NineSmart Limited

NineSmart is a leader in property technology, specialising in IoT and AI-driven solutions that transform property management. We are dedicated to developing and deploying innovative solutions for smart building automation and digital transformation to comprehensively optimize management efficiency. As a Cyberport incubatee, NineSmart is dedicated to creating innovative, sustainable, and user-centric smart living experiences. Visit to learn more.

Enchanting journey through Beijing’s Chaoyang Garden Festival, where nature meets Oriental romance

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BEIJING, CHINA – Media OutReach Newswire – 21 April 2026 – The Beijing Chaoyang Garden Festival is now in full swing, transforming the district into a living tapestry of blossoms. Apinya Charunpumhiran, a Thai expert with the China International Communications Group and a social media influencer, recently immersed herself in the festival, capturing its unique blend of natural beauty and cultural charm. From the vibrant floral landscapes to the bustling waterfront market, she experienced first-hand the springtime allure of Chaoyang District and the Oriental romance of Beijing as a garden city.

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The seasonal spectacle is anchored by the establishment of a Garden City Demonstration Zone, an initiative by the Chaoyang District government to reimagine urban living by weaving nature into the fabric of the city. In this seamless blend of city buzz and natural calm, residents and visitors can experience the best of all worlds: nature, culture, and the comfort of a refined lifestyle.

To experience this vision firsthand, Apinya set out to explore some of the festival’s most captivating spots. Her journey began at Beixiaohe Park, where the brilliant cherry blossoms were in peak bloom. The park’s enchanting “flower goddess” performance and adorable cherry blossom-themed robots added a playful touch to the serene landscape. Apinya then traded land for water at the “cherry blossom waterway,” where she tried her hand at rowing a traditional sculling boat. Drifting gently on the rippling water with a soft breeze, she found that admiring the cherry blossoms from the boat offered a uniquely romantic perspective.

Leaving the waterway behind, her next stop was Yuan Dynasty City Wall Relics Park, home to over ten thousand crabapple trees across more than fifty varieties. In Chinese culture, the crabapple is often used as a metaphor for feminine beauty. Liu Hui, a staff member at the Park, introduced her to the midget crabapple, the most widely planted variety in the park. Native to China, it is renowned for its delicate fragrance, a trait that sets it apart from other crabapple and has earned it high praise from ancient scholars and poets.

From radiant cherry blossoms to crabapple blooms, the festival showcases the boundless vitality of spring in Beijing. Reflecting on her experience, Apinya observed that through its garden city initiative, Chaoyang District has successfully turned its picturesque natural environment into both a driver of economic growth and a source of everyday quality of life.

Hashtag: #ChinaNewsService

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HKICPA and IFAC host landmark PAIB Conference to gather global elites and explore future of finance leaders in a changing global landscape

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HONG KONG SAR – Media OutReach Newswire – 21 April 2026 – The Hong Kong Institute of Certified Public Accountants (HKICPA) and the International Federation of Accountants (IFAC) successfully co-hosted the HKICPA x IFAC PAIB Conference on 18 April 2026 at the Grand Hyatt Hong Kong. Under the theme “Forging what’s next – PAIBs at the helm of change,” the event featured star-studded lineup of guests and attracted over 300 financial leaders and professional accountants in business (PAIBs) from Europe, Asia, and other regions, including representatives from the UK, France, the Netherlands, Japan, and Indonesia, alongside those from our local community, to discuss the role of PAIBs in leading future transformation amidst rapid technological shifts and a complex geopolitical environment.

Paul Chan, Financial Secretary of the HKSAR Government (Fifth from Right), Stephen Law, HKICPA President (Fifth from Left), Josephine Okui Ossiya, Chair of the IFAC PAIB Advisory Group (Fourth from Right) and Dr. Kelvin Wong, Chairman of the Securities and Futures Commission (Fourth from Left), Michael George Fitzgerald, Finance Director of the MTR Corporation (Third from Right) and other distinguished guests gather for a group photo at the HKICPA x IFAC PAIB Conference.
Paul Chan, Financial Secretary of the HKSAR Government (Fifth from Right), Stephen Law, HKICPA President (Fifth from Left), Josephine Okui Ossiya, Chair of the IFAC PAIB Advisory Group (Fourth from Right) and Dr. Kelvin Wong, Chairman of the Securities and Futures Commission (Fourth from Left), Michael George Fitzgerald, Finance Director of the MTR Corporation (Third from Right) and other distinguished guests gather for a group photo at the HKICPA x IFAC PAIB Conference.

This landmark event gathered important stakeholders from multiple sectors, showcasing the depth of industry collaborations: The event marked the first visit of the IFAC Professional Accountants in Business Advisory Group to Hong Kong in over 20 years. Chaired by Stephen Law, the first PAIB to serve as President of the HKICPA in more than a decade, the event successfully established a high-level platform for international exchange. This further underscores the Institute’s unwavering commitment to bridging international standards with local business practices.

The Financial Secretary, Mr Paul Chan, attended the event as the Guest of Honour. He said that geopolitics, technological disruption and the green transition are reshaping global business and finance. They are key forces redefining competitiveness.

Mr. Chan noted that Hong Kong is well positioned to benefit under “one country, two systems,” offering stability and connectivity amid global uncertainty. He pointed to strong IPO activity, asset management growth, and deeper integration with the Chinese Mainland under the 15th Five-Year Plan.

He outlined two major strategies: “AI+” to integrate artificial intelligence across industries, supported by talent development initiatives; and “Finance+” to expand financial markets, strengthen the ecosystem, and support innovation and technology firms. Efforts include enhancing listing regimes, promoting green finance, and attracting global capital and enterprises.

Mr. Chan also stressed the need for accountants to enhance AI capabilities, understand geopolitical risks, and uphold professional integrity. He concluded that professional accountants will play a critical role in navigating change and sustaining trust in markets.

HKICPA President Stephen Law emphasized the unique “super connector” role of Hong Kong and the HKICPA’s nearly 50-year partnership with IFAC in his welcoming remarks. He remarked: “As the common language of the business world, accounting plays an indispensable role in international commercial activities. PAIBs are often uniquely positioned to help enterprises turn uncertainty into decisions and strategy into performance. Moreover, given our unique position—backed by the Motherland while staying deeply connected to global markets—allows Hong Kong to act as a ‘super value-adder’ for businesses and investors to create value and manage complexity. The Institute will continue to actively host more international conferences and professional exchange activities to expand the global network of Hong Kong’s accounting profession.”

The Conference gathered an impressive lineup of international and local leaders, including IFAC Chief Executive Officer Lee White, who delivered a video remarks, Josephine Okui Ossiya, Chair of the IFAC PAIB Advisory Group, Dr. Kelvin Wong, Chairman of the Securities and Futures Commission (SFC) and Michael George Fitzgerald, Finance Director of the MTR Corporation.

SFC Chairman Dr. Kelvin Wong offered forward-looking insights into the future development of the financial center, while Finance Director of MTR Corporation Michael George Fitzgerald explored strategic leadership and the evolving responsibilities of finance leaders. Two panel discussions convened core financial leaders from sectors including the Government, infrastructure, real estate, hospitality, energy, and fintech. Senior financial and administration executives from InvestHK, MTR Corporation, Hang Lung Properties, Sino Group, State Grid Overseas Investment, Miramar Group and Floating Interest Corporation joined the stage to discuss strategic approaches to navigating uncertainty. The sessions underscored that PAIBs are at the forefront of addressing complex business challenges, driving innovation, and upholding robust corporate governance.

Looking ahead, the HKICPA will continue to promote accounting as international business language through multifaceted international collaborations. This includes deepening our partnership with IFAC and organizing further international conferences and professional exchanges, while enriching a suite of professional development resources. The HKICPA remains committed to fostering knowledge exchange between Hong Kong’s PAIB community and their global counterparts, with a strategic focus on empowering members with future-ready skills. By providing comprehensive support to PAIBs, the HKICPA aims to assist finance leaders in embracing innovation and strengthening organizational resilience.Hashtag: #HKICPA #IFAC #PAIBs




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

Hong Kong Institute of Certified Public Accountants

The Hong Kong Institute of Certified Public Accountants (“HKICPA”) is the statutory body established by the Professional Accountants Ordinance responsible for the registration for certified public accountants (CPAs), professional training and development of CPAs in Hong Kong. The Institute is also a standard setter of the local accounting industry. The Institute has over 47,000 members and about 12,000 registered students.

Our Qualification Programme assures the quality of entry into the profession, and we promulgate financial reporting, auditing, ethical and sustainability disclosure standards that safeguard Hong Kong’s leadership as an international financial centre.

The CPA designation is a top qualification recognised globally. The Institute is a member of and actively contributes to the work of the Global Accounting Alliance and International Federation of Accountants.

Thailand Reaffirms Position as Host of Global Kickboxing, Concludes 2nd Thailand Kickboxing World Cup and Launches KATPRO Professional League

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BANGKOK, THAILAND – Media OutReach Newswire – 21 April 2026 – Thailand successfully hosted the 2nd Thailand Kickboxing World Cup from April 9–11, 2026, at the Thai–Japanese Youth Center (Wes Arena 1) in Bangkok, drawing more than 1,500 athletes and officials from 32 countries.

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The event was organized by the Kickboxing Association of Thailand (KAT) in partnership with the Tourism Authority of Thailand (TAT), the Bangkok Metropolitan Administration, and the World Association of Kickboxing Organizations (WAKO). Conducted under international standards, the tournament highlighted Thailand’s growing capability to host large-scale global sporting events.

Over three days of competition, athletes competed across multiple weight divisions and disciplines under WAKO rules, providing a platform for international competition and athlete development. The event also enabled Thai athletes to compete alongside leading international fighters, reflecting the continued progress of the sport at the national level.

Taweedech Thong-on, Director of the Events Division at the Tourism Authority of Thailand, said Thailand’s selection as host for a second consecutive year reflects international confidence in the country’s event management capabilities. He added that the tournament contributes to raising the global profile of kickboxing in Thailand, while supporting youth athlete development and promoting sports tourism through international media exposure.

Phai Likk, President of the Kickboxing Association of Thailand, said the success of the tournament represents an important step in elevating Thai kickboxing on the international stage. He noted that beyond competition, the event reflects ongoing efforts to strengthen the sport’s development system, from grassroots participation to elite performance, while reinforcing Thailand’s role in the global kickboxing landscape.

Building on the success of the World Cup, the Kickboxing Association of Thailand also launched KATPRO PROFESSIONAL KICKBOXING, the country’s first structured professional kickboxing league, on April 11 at the same venue.

The inaugural event featured seven bouts with fighters from more than 10 countries and was conducted in line with international professional standards, including official weigh-ins and pre-fight face-offs.

KATPRO PROFESSIONAL KICKBOXING represents a key milestone in the development of a structured professional kickboxing league in Thailand, integrating sport and entertainment within a unified framework. The platform aims to elevate competition standards, event management, and the commercial value of the sport, while creating new professional pathways for Thai athletes and strengthening connections to international competition.

The successful staging of both events not only reflects Thailand’s readiness to serve as a hub for global kickboxing competitions, but also underscores a clear development trajectory for the sport—from grassroots and amateur levels toward a more defined professional system.

Hashtag: #ThailandKickboxingWorldCup

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About the Kickboxing Association of Thailand (KAT)

The Kickboxing Association of Thailand is the national governing body for kickboxing in Thailand and a member of the World Association of Kickboxing Organizations (WAKO). KAT oversees athlete development, national-team selection, and the organization of domestic and international competitions, including the Thailand Kickboxing World Cup and the KATPRO Professional Kickboxing league.

Vientiane Court Sentences Drug Trafficker to Death, Two Others to Prison

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Namfon Chanthavong
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A picture of 3 criminals at the Vientiane Provincial People’s Court, which sentenced one man to death and handed prison terms to two others in separate drug cases on 2 April. (Photo by Lao Security News)

The Vientiane Provincial People’s Court sentenced one man to death and handed prison terms to two others in separate drug cases on 2 April, in an ongoing effort to curb narcotics trafficking.

Xayphone, 32, a trader from Nan district in Luang Prabang, was arrested on 22 February 2024 for methamphetamine trafficking and received a death sentence.

In a separate case, Cao Duy Hau, 26, a Vietnamese national working in Feuang district, Vientiane province, was arrested on 20 October 2024 with 100 methamphetamine pills. The court sentenced him to five years in prison and fined him LAK 10 million (USD 455).

Hua Song, 44, a farmer from Hin Heup district, Vientiane province, was detained on 5 May 2025 in a trafficking case involving 696 methamphetamine pills. He received a seven-year prison term and a fine of LAK 46 million (USD 2,090).

The ruling is consistent with a series of severe penalties handed down by Lao courts in recent years as authorities intensify their crackdown on drug trafficking.

In September 2025, a man identified as Nouvue, from Bokeo Province, was sentenced to death after authorities seized 24,000 methamphetamine tablets and 139 packages of crystal meth weighing 149 kilograms at the time of his arrest.

That same month, the Vientiane Provincial Court sentenced two defendants to death and one to life imprisonment in one of the province’s largest drug cases in recent years, involving a couple arrested with more than 63,000 methamphetamine tablets.

In January 2026, the same court sentenced two men arrested in July 2024 for trafficking 43,595 methamphetamine tablets, along with a pistol and ammunition, to death.

Although Laos retains the death penalty for serious crimes, including drug trafficking, no executions have been carried out since 1989. About 90 percent of death row sentences in Laos are for drug-related offenses, according to the country’s Minister of Public Security

Authorities continue to confront large-scale trafficking across the region. Between July 2021 and October 2025, more than 21,000 drug cases were processed nationwide, with over 31,000 suspects arrested and significant quantities of methamphetamine, crystal meth, and heroin seized.

Regional data also shows the scale of the challenge, with record levels of methamphetamine production and trafficking continuing across East and Southeast Asia.

EQT raises Asia Pacific’s largest private equity fund, closing BPEA IX at USD 15.6 billion in total commitments

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Advertorial Desk
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  • EQT BPEA IX oversubscribed; closes at USD 15.6 billion in total commitments
  • BPEA IX is the largest Asia Pacific-dedicated private equity fund raised to date, with USD 14.9 billion in fee-generating assets under management
  • Robust investor demand serves as a testament to EQT’s Asia platform, reflecting the proven success and sustained momentum following EQT’s combination with Baring Private Equity Asia (BPEA)
  • The Fund invests in leading companies across Asia Pacific benefitting from long-term structural growth trends, building on EQT’s nearly three decades of regional presence and established value creation track record

STOCKHOLM, April 21, 2026 /PRNewswire/ — EQT is pleased to announce the final close of BPEA Private Equity Fund IX (the “Fund” or “BPEA IX”) reaching its hard cap with USD 15.6 billion in total commitments, including USD 14.9 billion in fee-generating assets under management. The Fund was oversubscribed, driven by strong demand from a globally diversified investor base.

BPEA IX is the largest-ever Asia Pacific-dedicated private equity fund raised to date.1 This milestone was achieved against a backdrop of record-low regional fundraising, with capital raised for Asian funds falling to a 12-year low in 2025 after four consecutive years of decline.2 As the market increasingly bifurcates, investors are consolidating capital with scaled, global platforms that offer a proven track record of success – a trend that reinforces the strength of EQT’s expanded footprint in Asia, the collective capabilities of EQT’s integrated franchise, and its ability to deliver consistently strong returns across cycles and almost 30 years of investing in Asia.

BPEA IX saw strong participation from both existing and new investors, attracting over 75 new investors, including more than 45 from across EQT’s broader investment platform. This highlights the continued expansion of EQT’s global investor base and its ability to mobilize capital across strategies, and serves as a clear validation of EQT and BPEA’s merger four years on.

Commitments were globally diversified, with capital broadly balanced across the Americas, Europe and the Middle East, and Asia Pacific, with all regions increasing allocations from the prior vintage. Pension funds and sovereign wealth funds were leading contributors, underscoring sustained support from long-term institutional investors. 

Jean Eric Salata, Chairperson of EQT Asia, said, “The closing of BPEA IX is a defining milestone that reflects the depth, strength, and investment performance of our platform over nearly three decades, bringing together the history of BPEA and EQT in Asia. We are proud to have built an organization with the capability and reach to navigate complex cycles and drive significant transformation in our portfolio companies. In a highly competitive and selective fundraising market, our ability to deliver consistent realizations was a differentiator for our investors. We are deeply grateful for the trust our clients have placed in us; their support is a testament to the hard work of our team members and our long-term commitment to Asia Pacific.”

The successful fundraise demonstrates continued conviction in EQT’s Asia strategy and its “local-with-locals” model, with teams embedded in the region’s key markets. Refined over multiple economic cycles, this approach was further institutionalized by the 2022 combination of BPEA and EQT. The integration created a scaled, global franchise that today pairs BPEA’s deep regional roots with EQT’s global sector capabilities, extensive Industrial Advisor network, and operational resources.

Today, EQT’s Private Capital Asia platform provides investors with access across the full investment spectrum – from large-cap and mid-market to growth strategies. This regional presence is supported by dedicated teams in Japan, India, South Korea, Southeast Asia, Greater China and Australia. EQT also manages one of the largest co-investment platforms in Asia, providing investors with additional opportunities to scale exposure and enhance returns.

Hari Gopalakrishnan and Nicholas Macksey, Deputy Co-Heads of Private Capital Asia at EQT, said, “The opportunity in Asia today has shifted from chasing growth to leading profound structural transformation. As the region evolves – redefining global supply chains and scaling digital champions – it has created a more complex investment landscape. In this environment, where performance is defined by earnings growth and active ownership, our value-creation capabilities are clear differentiators. With BPEA IX, we remain committed to backing market leaders and building resilient, global-scale businesses. This focus on future-proofing companies remains central to how we deliver consistent performance over time.”

BPEA IX will focus on control investments in leading companies across high-conviction sectors including technology, healthcare, industrial technology, services, and technology services. The Fund targets businesses with resilient fundamentals where EQT can drive operational improvement to accelerate expansion and long-term enterprise-building.

EQT Private Capital Asia was established in 1997 and has deployed USD 30 billion in over 160 transactions. EQT’s Private Capital Asia portfolio today includes investments in approximately 65 companies in 10 countries, employing more than 270,000 people.

BPEA IX is currently 5-10 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication), based on the actual fund size.

  1. Source: Preqin, based on total fund commitments (April 2026)
  2. Source: Bain & Company, Asia-Pacific Private Equity Report 2026 (March, 2026)

Contact:
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-raises-asia-pacific-s-largest-private-equity-fund–closing-bpea-ix-at-usd-15-6-billion-in-total-,c4337393

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RCEP expo bridges Linyi with global markets

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LINYI, CHINA – Media OutReach Newswire – 21 April 2026 – Known as China’s “logistics capital” and its largest commodity distribution hub, Linyi in East China’s Shandong province is accelerating its digital and international transformation. The city is now emerging as a hub for the Belt and Road Initiative (BRI), becoming a key player on the international stage.

In 2025, Linyi organized 267 overseas exhibitions, empowering over 2,500 local enterprises to expand abroad. This proactive approach attracted 49,000 overseas buyers, driving its total foreign trade to over 170 billion yuan ($24.92 billion). Foreign trade with RCEP members accounted for 42.5 percent of the total, while exports to countries involved in the BRI rose 10.3 percent.

On April 20 this year, the 5th RCEP (Shandong) Import Expo kicked off a trade extravaganza for global buyers in Linyi. Themed “Engaging in RCEP and BRI Cooperation, Aligning with Global Industrial Chains”, the expo showcased the city’s openness and offered a premium stage for cooperation.

Spanning a 35,000-square-meter exhibition area with 1,200 standard international booths, this year’s RCEP expo is the largest to date, which has attracted over 400 global suppliers and more than 5,300 domestic and overseas exhibitors. It also features five sister-city pavilions and a dedicated country zone with 18 pavilions, including one for South Korea, one of Linyi’s important trade partners and the event’s guest of honor.

Linyi’s economic ties with South Korea remain a cornerstone of its trade strategy. In 2025, bilateral trade reached 25.26 billion yuan, accounting for 14.2 percent of the city’s total. High-value-added exports such as textiles, precision toys, and eco-friendly home products saw rising shares, while exports of high-tech goods grew 27.1 percent and imports of electronic components surged 62.9 percent.

During the expo, Linyi will host a series of important events, including economic and trade cooperation activities between South Korea and Shandong province, international buyer sourcing sessions, and e-commerce livestreaming product selections. Additionally, four major consumption scenarios are set to be launched, featuring time-honored gourmet food and immersive cultural tourism experiences, along with an imported goods shopping festival and various cultural tourism activities.

The expo also features two national-level events: the Foreign Trade Premium Products China Tour and the 2026 “Overseas Chinese Assisting Thousands of Enterprises and Products to Go Global” Matchmaking Meeting.

Hashtag: #Linyi

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China’s Leading Secondhand Platform “Zhuanzhuan” Lands in Hong Kong as OASES Announces Sixth Batch of Strategic Enterprises

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Circular Economy Giant Eyes Global Market, Launches International Headquarters in the City


HONG KONG SAR – Media OutReach Newswire – 21 April 2026 – The Office for Attracting Strategic Enterprises (OASES) held a signing ceremony today to welcome a new batch of strategic enterprises establishing or expanding their operations in Hong Kong. Zhuanzhuan Group (“Zhuanzhuan” or the “Group”), China’s leading circular economy consumer company, is pleased to announce its official signing as a strategic enterprise partner of the HKSAR Government. The Group will establish its international headquarters in Hong Kong as a strategic hub for global market expansion, extending its second-hand goods trading platform services to overseas markets. Zhuanzhuan plans to introduce its “AI Valuation System” and “Official Inspection & Authentication AI Quality Control” technologies to Hong Kong, while also establishing a research and development (R&D) center. This move is expected to foster mutually beneficial partnerships with Hong Kong across various fields, including the digital economy and green industries.

Zhuanzhuan Group signs as a strategic enterprise partner in the 6th batch of the OASES
Zhuanzhuan Group signs as a strategic enterprise partner in the 6th batch of the OASES

Huang Wei, Founder and CEO of Zhuanzhuan, stated: “The Group has been expanding its business presence in Hong Kong since 2017. Seizing this opportunity to collaborate with the HKSAR Government to establish our international business headquarters here marks a major strategic milestone in Zhuanzhuan’s global expansion, and we are incredibly thrilled. Hong Kong possesses the unique advantage of serving as the hub connecting the domestic and global markets, coupled with a mature capital market and an open business environment. This aligns closely with Zhuanzhuan’s international strategy, making Hong Kong our ideal base for international expansion.”

As a top-tier secondhand trading platform in China, Zhuanzhuan has experienced rapid growth since its establishment in 2015. It owns multiple renowned secondhand brands, including Zhuanzhuan, Zhaolianji, and Plum. With China’s second-hand circular economy sector attracting significant attention from the capital market, Zhuanzhuan stands out with its pioneering “Tech-driven Official Inspection & Authentication” service for second-hand quality checks, successfully earning platform users’ trust. The Group has secured support from notable enterprises and investors such as Tencent, Xiaomi, and 58 Group, achieving a valuation exceeding US$3 billion (approximately HK$23.4 billion) in its latest funding round. Last year, its total revenue surpassed RMB 20 billion, with over 400 million registered users and 50 million monthly active users.

Differentiating itself from the traditional C2C model represented by companies like Carousell and Xianyu, Zhuanzhuan utilizes a mature C2B2C business model to provide specialized platform services centered on “Platform Intermediation, Professional Authentication, and Quality Assurance”. Its pioneering “Tech-driven Official Inspection & Authentication” service conducts comprehensive and rigorous testing on secondhand goods, providing exclusive quality inspection reports for public display. The vast majority of officially verified products enjoy value-added services such as a 7-day unconditional returns, a one-year platform warranty, and free shipping within mainland China. Through standardized quality control and after-sales guarantees—implementing strategies such as “inspect before shipping,” “return if unsatisfied,” and “compensation for inspection errors”—Zhuanzhuan delivers a premium “what you see is what you get” experience for consumers.

Technology-driven innovation is the core engine keeping Zhuanzhuan at the forefront of the industry. The company established a dedicated AI division last year, planning to invest RMB 2 billion over three years in R&D of AI quality inspection, intelligent matching, and other tools. Launched earlier this year, the “AI Photo Authentication” has been extensively applied in luxury goods authentication. Based on a massive database of authentic product images and deep learning algorithms, the system dramatically reduces the traditional 15-minute manual authentication process to “instant authentication”, delivering results in as fast as 1 second—a nearly 900-fold increase in efficiency. Furthermore, in the authentication of core bag categories, it has achieved an ultra-high accuracy rate with an error rate below 0.01% (since launch, over 10,000 LV bags verified with only one error), completely breaking through the inconsistent standards and efficiency bottlenecks in traditional non-standardized goods trading and manual authentication.

Huang Wei further noted that as an international financial center and innovation technology hub, Hong Kong provides Zhuanzhuan with an international gateway and cross-border resource integration platform. Zhuanzhuan will leverage Hong Kong to export its digitalized “technology + service” model, validated in the mainland market, to global markets including Southeast Asia, the Middle East, and North America. Simultaneously, it will bring its mature C2B2C e-commerce model and advanced AI technology applications to Hong Kong, supporting the city’s smart city development. The establishment and operation of Zhuanzhuan’s international business headquarters are expected to strengthen Hong Kong’s role as a digital economy and cross-border e-commerce hub while promoting the development of related digital technologies and service trade. The Group looks forward to contributing to Hong Kong’s green innovation and technology ecosystem and jointly promoting China’s second-hand circular economy onto the world stage.

Hashtag: #Zhuanzhuan #CircularEconomy #SecondhandPlatform

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About Zhuanzhuan

Founded in 2015, Zhuanzhuan Group is China’s leading circular economy consumer company, operating multiple secondhand e-commerce brands including Zhuanzhuan, Zhaolianji, Caihuoxia, Xiakehui, and Plum. The business covers over 100 categories of secondhand goods including mobile phones, 3C electronics, luxury goods, books, and collectibles. With a nationwide network of over 1,100 chain stores and a door-to-door recycling team of more than 3,000 personnel, the company is dedicated to solving trust issues in non-standardized goods trading through AI quality inspection technology and an innovative C2B2C business model, bringing consumers high-quality, cost-effective second-hand goods.

As the leading enterprise in China’s fulfillment-based secondhand trading platforms, Zhuanzhuan recorded over 400 million registered users and 50 million monthly active users last year. With “technology-driven + platform service” as its core engine, Zhuanzhuan has established a dedicated AI division, pioneered the “Tech-driven Official Inspection & Authentication” second-hand quality check service in the country, and independently developed core technology products such as the AI Valuation System and AI Photo Inspection. It has built industry-leading AI authentication capabilities in the luxury goods industry, providing highly accurate authenticity inspection in seconds for globally renowned luxury brand handbags, continuously leading China’s second-hand trading market towards standardization and digitalization.

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