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Advasa Holdings, Inc. Announces Revised Expected Trading Commencement Date for Common Stock on the Nasdaq Global Market

By
Advertorial Desk
-

Common Stock Now Expected to Begin Trading on August 25, 2026 Under the Ticker Symbol “ADBT”

TOKYO and NEW YORK, Aug. 20, 2026 /PRNewswire/ — Advasa Holdings, Inc. (“ADVASA” or the “Company”), a fintech payment holding company providing Earned Wage Access (EWA) and next-generation financial infrastructure solutions through its Japanese operating subsidiary ADVASA Co., Ltd., today announced an update to the expected commencement of trading of its common stock on the Nasdaq Global Market (“Nasdaq”).

The Company previously announced on August 17, 2026 that its common stock was expected to begin trading on Nasdaq under the ticker symbol “ADBT” on or about August 18, 2026. The Company now expects trading of its common stock on Nasdaq to commence on August 25, 2026. The rescheduling allows for the final coordination and completion of standard administrative clearing procedures. The Company is currently working alongside its transfer agent, the Depository Trust Company (DTC), and brokerage clearing participants to finalize the electronic intake and credit of shares held by selling stockholders into the DTC system and individual brokerage accounts. This timeline is intended to facilitate an orderly market debut and synchronized execution capabilities across both domestic and international extended-hours trading platforms, including Japanese overnight and after-market sessions.

Nasdaq’s regular market session begins at 9:30 a.m. Eastern Time (ET). However, because the Company’s common stock is being listed through a public direct listing, trading in the Company’s common stock is not expected to commence simultaneously with the opening of the regular market session at 9:30 a.m. ET. Instead, the opening trading price will be determined through Nasdaq’s opening auction process based on buy and sell orders. Following completion of the applicable Nasdaq procedures and the opening auction process, trading in the Company’s common stock is expected to commence. Accordingly, the actual commencement of trading may occur after 9:30 a.m. ET and may vary depending on market conditions and order activity.

The Company’s registration statement on Form S-1, as filed with the Securities and Exchange Commission (the “SEC”), relating to the Company’s public direct listing of its common stock was declared effective by the SEC on August 11, 2026, and the Company’s common stock has been approved for listing on Nasdaq.

WestPark Capital, Inc. is acting as financial advisor and Anthony, Linder & Cacomanolis, PLLC is acting as securities counsel to ADVASA in connection with the direct listing on Nasdaq.

The direct listing will be made only by means of a prospectus forming part of the Company’s effective registration statement. A copy of the prospectus may be obtained without charge by visiting the SEC’s EDGAR website at www.sec.gov.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Subject to individual brokerage timelines and account restrictions, trading is expected to be accessible through the following securities firms in Japan upon or shortly after the expected trading commencement date:

  • Monex, Inc.
  • Rakuten Securities, Inc.
  • SBI SECURITIES Co., Ltd.
  • Webull Securities (Japan) Co. Ltd.

(Alphabetical order)

Japanese investors should consult their respective Japanese brokerage platforms directly to confirm exact trading hours, potential local restrictions, and fee structures.

About ADVASA

Advasa Holdings, Inc. (corporate website: https://adbt.io/) is a fintech payment holding company established in Delaware conducting operations through its Japanese subsidiary ADVASA Co., Ltd. headquartered in Tokyo, Japan (corporate website: https://www.advasa.co.jp/en/, Founder and Representative Director: Asamitsu Kosugi). ADVASA operates “FUKUPE,” an EWA platform that allows employees to receive wages they have already earned in real-time. Leveraging a global patent strategy, the company has established an intellectual property foundation across markets including Japan, the United States, South Korea, and Singapore. By integrating seamlessly with major HR and payroll systems as well as diverse payment infrastructures (such as bank transfers and e-wallets), ADVASA plans to expand from Japan into global markets—including Indonesia and the UAE where the need for financial inclusion is rapidly growing.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including statements regarding: the rescheduled anticipated date on which ADVASA’s common stock will begin trading on Nasdaq; the final coordination, processing, and completion of standard administrative clearing procedures; the Company’s ongoing collaboration with its transfer agent, the DTC, and brokerage clearing participants; the successful electronic intake, processing, and credit of shares held by selling stockholders in registered book-entry form into the DTC system and individual brokerage accounts; and the expectation of an orderly market debut with synchronized execution capabilities across both domestic and international extended-hours trading platforms, including Japanese overnight and after-market sessions. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including risks and uncertainties related to: whether or not the Company will consummate the direct listing on the anticipated timeline or at all; prevailing market conditions; investor demand for shares of ADVASA’s common stock; the expected availability of trading on specific international platforms; unanticipated delays, technical complications, or administrative bottlenecks encountered by third parties, including the transfer agent, the DTC, or brokerage clearing participants, in processing and crediting book-entry shares; the inability of relevant clearing systems to execute the electronic intake of shares within the expected timeframe; regulatory interventions, operational challenges, or system disruptions affecting domestic or international extended-hours trading platforms, including overnight and after-market sessions in Japan; unexpected market volatility or liquidity constraints that may disrupt an orderly market debut or synchronized trading execution; and the impact of general economic, industry, or regulatory conditions in the United States or internationally. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “likely,” “potential,” “project,” or “continue,” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct. The Company cautions investors that actual results may differ materially from those anticipated and encourages investors to review the risks and uncertainties and other factors that may affect the Company’s future results identified in the Company’s registration statement on Form S-1, as amended (File No. 333-292013), declared effective by the SEC on August 11, 2026, the Company’s Form 10-Q for the quarter ended June 30, 2026 filed with the SEC on August 12, 2026, and subsequent disclosure documents the Company may file with the SEC, available at www.sec.gov. The Company claims the protection of the Safe Harbor contained in the Private Securities Litigation Reform Act of 1995 for forward-looking statements.

Investor and Media Contact
ADVASA Investor Relations Email: ir@advasa.co.jp 

China Infrastructure & Logistics Group Strategically Partners with Wuhan New Materials to Enter the Blue Ocean of Port Protection New Materials

By
Advertorial Desk
-

Providing “Port + New Materials” Integrated Supply Chain Solutions

HONG KONG, Aug. 20, 2026 /PRNewswire/ — China Infrastructure & Logistics Group Ltd. (“China Infrastructure & Logistics” or the “Group“; Stock Code: 1719.HK), a port operator in the Yangtze River Basin of China, announced that Tongshang Supply Chain Management (Wuhan) Co., Ltd. (“Tongshang Supply Chain”), an indirect wholly-owned subsidiary of the Group, entered into a five-year strategic cooperation framework agreement with Wuhan Changtao New Materials Co., Ltd. (“Wuhan New Materials“) on 24 July 2026. The two parties will jointly conduct research and development of new technologies and new products for surface protection materials of port machinery and facilities, jointly apply for patents for relevant new technologies and new products, build a new innovative business platform, and promote the sustainable development of port surface protection technologies and products. This marks the Group’s official entry into the new materials and new technologies industry, including the field of new anti-corrosion materials for ports, representing a key step in its evolution from a traditional port operator to a “Port + New Materials” comprehensive service provider, and advancing towards the Group’s long-term vision of becoming a “Green Smart + Industry” comprehensive hub.

Tongshang Supply Chain is an important supply chain management and trading business platform under China Infrastructure & Logistics, serving as a bridge between upstream suppliers and downstream customers. Wuhan New Materials is a high-tech enterprise specializing in the research, development and industrialization of new high-performance surface functional protective coating materials. Its core technology, the “New-Type Highly Weather-Resistant and Long-Lasting Surface Anti-Fouling Material” has been assessed by the Hubei Provincial Department of Science and Technology as “overall reaching internationally leading standards.”

Under the agreement, the two parties will rely on their laboratories, manufacture and research equipment, and technological teams possessed by the parties, develop and establish an innovative centre to conduct research and development of high-durability, multi-functional surface protective coatings and related products (the “New Technological Products”). The New Technological Products is expected to be applicable in port scenarios, with core functions of improving the overall quality of surface protection for port machinery and facilities, enhancing corrosion and stain resistance of port machinery or facilities, effectively extending the maintenance cycle and significantly reducing maintenance costs of port machinery or facilities.

In terms of the division of production and sales, the production process will be carried out by Wuhan New Materials relying on its own factories and supporting equipment, with production organized according to the product design formula developed by the laboratories. Wuhan New Materials will be responsible for procuring all or part of the raw materials required for production, while Tongshang Supply Chain will supervise the entire production process to ensure product standards. At the same time, Tongshang Supply Chain will be the only sales platform in the port industry to sell the New Technological Products exclusively and Wuhan New Materials cannot provide the New Technological Products to any third party within the port industry without the written consent of Tongshang Supply Chain.

China Infrastructure & Logistics has long been deeply engaged in port operations in the Yangtze River Basin, with core assets including the WIT Port, the Multi-Purpose Port and the Hannan Port forming a solid business foundation. Over the years, the Group has accumulated rich port customer resources, mature market operation capabilities and strong supply chain integration capabilities. China Infrastructure & Logistics stated that this strategic cooperation is a key initiative for the Group to promote the transformation and upgrading of its traditional trading business towards the new technology industry. Leveraging its own port channels and supply chain resources, the Group is going to cultivate industrial anti-corrosion coatings sector, build an integrated anti-corrosion solution service system, and foster new growth drivers for high-quality development. Through vertical integration into the new materials production process, the Group will upgrade to a comprehensive service provider of new anti-corrosion materials for ports, which will help expand its business scope, achieve business diversification, broaden its revenue base, and is in line with the overall interests of the Company and all shareholders.

-Ends-

About China Infrastructure & Logistics Group Ltd.

China Infrastructure & Logistics is principally engaged in the investment, development, operation and management of containers and other ports, and the provision of port-related, logistics and other services, including integrated logistics, port and warehouse leasing, and supply chain management and trading services. The Group’s core asset, the WIT Port (Wuhan Yangluo Port), as a core hub in the middle reaches of the Yangtze River and a strategic fulcrum of Hubei Province’s “Port Economic Belt,” is transitioning from a traditional port to a “Smart + Industry” comprehensive hub under the dual dividends of policy and geographical location. In 2024, its comprehensive business environment score ranked 3rd among inland river ports nationwide (data from the China Ports Association), up 2 places from 2023. For more information, please visit http://cilgl.com/chi/cindex.html.

Yunji Announces First Half 2026 Unaudited Financial Results

By
Advertorial Desk
-

HANGZHOU, China, Aug. 20, 2026 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the half year ended June 30, 2026[1].

First Half 2026 Highlights

  • Total revenues in the first half of 2026 were RMB96.3 million (US$14.2 million), compared with RMB158.3 million in the same period of 2025. The change was primarily due to soft consumer spending, together with the Company’s continued efforts to upgrade its platform role, refine its focus on private label products and optimize its selection of suppliers and merchants.
  • Repeat purchase rate[2] in the twelve months ended June 30, 2026 was 69.15%.

Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, said, “In the first half of 2026, we remained firmly committed to our strategic positioning as a leader in organic healthy living, advancing our dual-engine strategy centered on products and user experience even as the consumer environment in China stayed challenging. Our 12-month repeat purchase rate of 69.15% reflects the continued strength of our member relationships, and validates our decision to discontinue relationships with certain third-party merchants whose offerings did not meet our enhanced product standards. While this may have affected near-term revenue, it further sharpened our merchandise mix in support of our private label and organic health priorities. We remain confident in our long-term strategy and our path toward improved operating efficiency and profitability.”

“Even as we navigated a softer market environment in the first half of 2026, our solid financial position enabled us to maintain discipline over our controllable costs, with net loss narrowing to RMB72.4 million from RMB100.7 million in the same period of 2025. As of June 30, 2026, we maintained a solid liquidity position of RMB242.1 million in cash and cash equivalents, restricted cash, and short-term investments, and we remain focused on improving our operating margin as we work toward sustainable long-term profitability,” said Ms. Nan Song, Senior Financial Director of Yunji.

First Half 2026 Unaudited Financial Results

Total revenues were RMB96.3 million (US$14.2 million), compared with RMB158.3 million in the same period of 2025. The change was primarily due to soft consumer spending, together with the Company’s continued efforts to upgrade its platform role, refine its focus on private label products and its selection of suppliers and merchants.

  • Revenues from sales of merchandise were RMB82.5 million (US$12.2 million), compared with RMB131.7 million in the same period of 2025.
  • Revenues from the marketplace business were RMB13.7 million (US$2.0 million), compared with RMB24.5 million in the same period of 2025.
  • Other revenues were RMB0.1 million (US$0.02 million), compared with RMB2.1 million in the same period of 2025.

Total cost of revenues decreased by 31.9% to RMB56.8 million (US$8.4 million), or 59.0% of total revenues, from RMB83.5 million, or 52.7% of total revenues, in the same period of 2025. Total cost of revenues, which mainly comprises the costs related to the sales of merchandise, decreased in the first half of 2026. Our cost of revenues as a percentage of total revenues increased in the given period, as we derecognized less incentive payables to inactive members[3] , which carries no associated cost of revenue, compared with the same period of 2025. Revenues and cost of revenues are recognized on a gross basis.

Total operating expenses decreased by 38.8% to RMB109.7 million (US$16.2 million) from RMB179.4 million in the same period of 2025.

  • Fulfilment expenses decreased by 49.8% to RMB10.3 million (US$1.5 million), or 10.7% of total revenues, from RMB20.6 million, or 13.0% of total revenues, in the same period of 2025. The decrease was primarily due to (i) reduced warehousing and logistics expenses due to lower merchandise sales, and (ii) reduced personnel costs as a result of staffing structure refinements.
  • Sales and marketing expenses decreased by 21.2% to RMB39.5 million (US$5.8 million), or 41.0% of total revenues, from RMB50.1 million, or 31.6% of total revenues, in the same period of 2025. The decrease was primarily due to (i) a decrease in member management fees, and (ii) reduced business promotion expenses.
  • Technology and content expenses decreased by 19.3% to RMB12.4 million (US$1.8 million), or 12.8% of total revenues, from RMB15.3 million, or 9.7% of total revenues, in the same period of 2025. The decrease was primarily due to the reduction in related personnel costs as a result of staffing structure refinements.
  • General and administrative expenses decreased by 49.1% to RMB47.5 million (US$7.1 million), or 49.4% of total revenues, from RMB93.4 million, or 59.0% of total revenues, in the same period of 2025. The decrease was primarily due to a reduction in the allowance for credit losses, partially offset by an impairment charge related to property and equipment.

Loss from operations was RMB69.4 million (US$10.2 million), compared with RMB100.4 million in the same period of 2025.

Financial loss, net was RMB11.0 million (US$1.6 million), compared with financial income, net of RMB3.9 million in the same period of 2025, primarily due to a decrease in the fair value changes of equity securities investments.

Net loss was RMB72.4 million (US$10.7 million), compared with RMB100.7 million in the same period of 2025.

Adjusted net loss (non-GAAP)[4] was RMB72.3 million (US$10.7 million), compared with RMB100.5 million in the same period of 2025.

Basic and diluted net loss per share attributable to ordinary shareholders were both RMB0.04, compared with RMB0.05 in the same period of 2025.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses adjusted net loss as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net loss as net loss excluding share-based compensation.

The Company presents adjusted net loss because it is used by management to evaluate operating performance and formulate business plans. Adjusted net loss enables management to assess operating performance without considering the impact of share-based compensation recorded under ASC 718, “Compensation-Stock Compensation.” The Company also believes that the use of this non-GAAP measure facilitates investors’ assessment of operating performance.

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net loss is that it does not reflect all items of income and expense that affect the Company’s operations. Share-based compensation has been and may continue to be incurred in Yunji’s business and is not reflected in the presentation of adjusted net loss. Further, this non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore its comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. Yunji encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

For more information on the non-GAAP financial measures, please see the table captioned “Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures” set forth at the end of this press release.

Conference Call

The Company will host a conference call on Thursday, August 20, 2026, at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings. Listeners may access the call by dialing the following numbers:

International:

1-412-902-4272

United States Toll Free:

1-888-346-8982

Mainland China Toll Free:  

4001-201203

Hong Kong Toll Free:     

800-905945

Conference ID: 

Yunji Inc.

A telephone replay of the call will be available after the conclusion of the conference call for one week.

Dial-in numbers for the replay are as follows:

United States Toll Free

1-855-669-9658

International

1-412-317-0088

Replay Access Code

1320555

Safe Harbor Statements

This announcement contains forward-looking statements. These statements are made under 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,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as Yunji’s strategic and operational plans, contain forward-looking statements. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Yunji’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to Yunji’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Yunji Inc.

Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company’s e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.

For more information, please visit https://investor.yunjiglobal.com/.

Investor Relations Contact

Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of

December 31,

2025

June 30,

2026

RMB

RMB

US$

ASSETS

Current Assets

Cash and cash equivalents

109,587

102,767

15,146

Restricted cash

22,770

68,688

10,123

Short-term investments

83,774

70,678

10,417

Accounts receivable, net (Allowance for

credit losses of RMB32,843 and

RMB32,726, respectively)

3,856

2,567

378

Advance to suppliers

10,178

10,589

1,561

Inventories, net

41,000

27,224

4,012

Amounts due from related parties

225

165

24

Prepaid expenses and other current assets,

net[5] (Allowance for credit losses of

RMB127,226 and RMB127,463,

respectively)

86,142

89,485

13,190

Total current assets

357,532

372,163

54,851

Non-current assets

Property, equipment and software, net[6]

278,726

298,656

44,016

Land use rights, net[6]

170,021

167,813

24,733

Long-term investments

307,956

290,318

42,788

Operating lease right of use assets, net

3,392

2,824

416

Other non-current assets, net (Allowance

for credit losses of RMB7,564 and

RMB5,913, respectively)

92,019

86,695

12,777

Total non-current assets

852,114

846,306

124,730

Total assets

1,209,646

1,218,469

179,581

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except for share and per share data, unless otherwise noted)

 

As of

December 31,

2025

June 30,

2026

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’

EQUITY

 

Current Liabilities

Accounts payable

48,943

51,168

7,541

Deferred revenue

11,115

17,299

2,550

Incentive payables to members

50,635

52,617

7,755

Member management fees payable

1,604

1,458

215

Other payable and accrued liabilities

96,076

98,075

14,454

Amounts due to related parties

2,836

2,896

427

Short-term borrowings

40,075

121,450

17,900

Operating lease liabilities, current

1,498

1,524

225

Total current liabilities

252,782

346,487

51,067

Non-current liabilities

Operating lease liabilities, non-current

1,606

1,194

176

Other non-current liabilities

19,367

18,650

2,749

Total non-current liabilities

20,973

19,844

2,925

Total liabilities

273,755

366,331

53,992

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except for share and per share data, unless otherwise noted)

As of

December 31,

2025

June 30,

2026

RMB

RMB

US$

Shareholders’ equity

Ordinary shares

70

70

10

Less: Treasury stock

(113,334)

(113,334)

(16,703)

Additional paid-in capital

7,328,615

7,328,683

1,080,114

Statutory reserve

16,726

16,726

2,465

Accumulated other comprehensive income

83,996

72,579

10,697

Accumulated deficit

(6,380,841)

(6,453,245)

(951,091)

Total Yunji Inc. shareholders’ equity

935,232

851,479

125,492

Non-controlling interests

659

659

97

Total shareholders’ equity

935,891

852,138

125,589

Total liabilities and shareholders’ equity

1,209,646

1,218,469

179,581

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

 (All amounts in thousands, except for share and per share data, unless otherwise noted)

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Revenues:

Sales of merchandise, net

131,735

82,441

12,151

Marketplace revenue

24,463

13,700

2,019

Other revenues

2,132

147

22

Total revenues

158,330

96,288

14,192

Operating cost and expenses:

Cost of revenues

(83,487)

(56,813)

(8,373)

Fulfilment

(20,556)

(10,324)

(1,522)

Sales and marketing

(50,083)

(39,454)

(5,815)

Technology and content

(15,317)

(12,355)

(1,821)

General and administrative

(93,406)

(47,586)

(7,013)

Total operating cost and expenses

(262,849)

(166,532)

(24,544)

Other operating income

4,127

802

118

Loss from operations

(100,392)

(69,442)

(10,234)

Financial income/(expense), net

3,900

(11,031)

(1,626)

Foreign exchange (loss)/gain, net

(1,816)

5,755

848

Other non-operating income,

 net

936

266

39

Loss before income tax expense, and

equity in loss of affiliates, net of tax

(97,372)

(74,452)

(10,973)

Income tax expense

(1,975)

(1,791)

(264)

Equity in (loss)/income of affiliates, net of

tax

(1,363)

3,839

566

Net loss

(100,710)

(72,404)

(10,671)

Less: net loss attributable to non-

controlling interests shareholders

–

–

–

Net loss attributable to YUNJI INC.

(100,710)

(72,404)

(10,671)

 

 

YUNJI INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED)

 (All amounts in thousands, except for share and per share data, unless otherwise noted)

 

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Net loss attributable to ordinary

shareholders

(100,710)

(72,404)

(10,671)

Net loss

(100,710)

(72,404)

(10,671)

Other comprehensive loss

–

 Foreign currency translation

adjustment

(1,649)

(11,417)

(1,683)

Total comprehensive loss

(102,359)

(83,821)

(12,354)

Less: total comprehensive loss

attributable to non-controlling interests

shareholders

–

–

–

Total comprehensive loss attributable

to YUNJI INC.

(102,359)

(83,821)

(12,354)

Net loss attributable to ordinary

shareholders

(100,710)

(72,404)

(10,671)

Weighted average number of ordinary

shares used in computing net loss per

share, basic and diluted

1,970,633,933

1,970,633,933

1,970,633,933

Net loss per share attributable to

ordinary shareholders

Basic

(0.05)

(0.04)

(0.01)

Diluted

(0.05)

(0.04)

(0.01)

 

 

YUNJI INC.

NOTES TO UNAUDITED FINANCIAL INFORMATION

(All amounts in thousands, except for share and per share data, unless otherwise noted)

 

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Share-based compensation expenses

included in:

Technology and content

117

–

–

General and administrative

93

68

10

Fulfilment

(12)

–

–

Sales and marketing

12

–

–

Total

210

68

10

 

 

YUNJI INC.

RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY COMPARABLE FINANCIAL

MEASURES 

(All amounts in thousands, except for share and per share data, unless otherwise noted)

 

For the Six Months Ended

June 30,

2025

June 30,

2026

RMB

RMB

US$

Reconciliation of Net Loss to Adjusted

Net Loss:

Net loss

(100,710)

(72,404)

(10,671)

Add: Share-based compensation

210

68

10

Adjusted net loss

(100,500)

(72,336)

(10,661)

 

[1] This announcement contains translations of certain Renminbi (RMB) amounts into U.S. dollars (US$) at a specified rate solely for the convenience of the reader. Unless otherwise noted, the translation of RMB into US$ has been made at RMB6.7851 to US$1.00, the exchange rate in effect as of June 30, 2026 as set forth in the H.10 statistical release of The Board of Governors of the Federal Reserve System.

[2] “Repeat purchase rate” in a given period is calculated as the number of transacting members who purchased not less than twice divided by the total number of transacting members during such period. “Transacting member” in a given period refers to a member who successfully promotes Yunji’s products to generate at least one order or places at least one order on Yunji’s platform, regardless of whether any product in such order is ultimately sold or delivered or whether any product in such order is returned.

[3] The long-aged balances of incentive payables to members were derecognized when the Company’s payable obligations alongside were extinguished, and revenue was recognized accordingly.

[4] Adjusted net loss is a non-GAAP financial measure, which is defined as net loss excluding share-based compensation expense. See “Reconciliation of Non-GAAP Measures to the Most Directly Comparable Financial Measures” set forth at the end of this press release.

[5] As of June 30, 2026, the Company had gross short-term loan receivables of RMB144.4 million, representing principal and accrued interest on loans provided to third-party companies. After deducting an allowance for credit losses of RMB120.7 million, the net carrying amount of RMB23.7 million was included in prepaid expenses and other current assets.

[6] In June 2024, the Company won the bid for a parcel of land located in Xiaoshan District, Hangzhou, China, covering approximately 10 thousand square meters (the “Hangzhou Land Parcel”) and entered into an agreement with the local government to acquire the land use right of the Hangzhou Land Parcel for an aggregate consideration of approximately RMB171.5 million. In July 2024, the Company obtained the certificate of the land use right and carried the land use right at a cost of RMB176.6 million including a tax expense of RMB5.1 million less accumulated amortization and impairment losses, if any. The Company intends to construct a new office building on the Hangzhou Land Parcel to use it as its new headquarters and also lease offices to external parties. The total amount for the land acquisition and office building construction is expected to be approximately RMB600.0 million. The Company intends to fund the land acquisition and building construction through cash on hand and bank financing. As of June 30, 2026, the new office building, comprising two interconnected sections, was under construction. The structural frame of both sections had been topped out.

The Company concluded that impairment indicators existed for certain property and equipment, and performed an impairment assessment in accordance with ASC 360. Based on this impairment assessment, impairment losses of RMB19.2 million were recognized for the six months ended June 30, 2026. Such impairment losses were recorded in the unaudited condensed consolidated statements of comprehensive loss under “General and administrative”, with corresponding reductions in the carrying amounts of the related assets. Management expects to continue to monitor operating performance and market conditions and will reassess impairment indicators as required by U.S. GAAP in subsequent reporting periods.

 

Sharon AI Successfully Delivers AI Cloud Deployment for Global Technology Customer

By
Advertorial Desk
-

NEW YORK, Aug. 20, 2026 /PRNewswire/ — SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, today announced the successful delivery and customer acceptance of an initial AI Cloud deployment for a global technology company with a major Asia-Pacific presence.

Customer acceptance marks the completion of a key milestone under the five-year AI Cloud infrastructure agreement, which has a total initial contract value of approximately US$950m. Acceptance also triggers release of cash security currently held in escrow.

The deployment is the first phase of this customer contract, and part of a series of additional NVIDIA GPU clusters that Sharon AI expects to deliver over the coming months. Under the agreement, Sharon AI is deploying AI Cloud solutions across multiple data centers in Australia, with revenue expected to commence in stages across the third and fourth quarters of 2026.

“Delivering AI infrastructure at scale requires coordinated execution across data center readiness, compute, storage, networking and customer integration,” said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. “This successful deployment demonstrates our ability to bring together a global partner ecosystem and coordinate specialist teams to meet customer delivery requirements. The capabilities and operating discipline developed through this project strengthen our delivery platform as we deploy future clusters, bringing our secured and contracted capacity online, and supporting durable long-term growth.”

Sharon AI has secured 212MW of AI Factory capacity, of which 120MW is contracted under multi-year take-or-pay agreements. The accepted deployment represents further progress in bringing this secured and contracted capacity online. The Company continues to advance its AI Factory platform to address strong demand for high-performance, sovereign AI infrastructure across Australia, New Zealand and the Asia-Pacific region.

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.

Contacts

Media
media@sharonai.com

Investors
investors@sharonai.com

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “strategy,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

  • Service and product offerings;
  • Receipt and use of proceeds;
  • The deployment of assets and expansion of network procurement;
  • Sharon AI’s ability to engage with additional potential customers;
  • Expansion of Sharon AI’s data center footprint and capacity; and
  • The strengthening of Sharon AI’s partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. 

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Sekong Warns of Dam Water Releases as Heavy Rain Raises Flood Risk

By
Phoudasack Vongsay
-
A picture of Houay Lamphanh Lower Hydropower Dam in Lamam district, Sekong Province. (Photo by Pathedlao)

Authorities in Sekong have warned residents living downstream of the Houay Lamphanh Lower Hydropower Dam to prepare for possible water releases between 20 and 22 August as heavy rain increases inflows into the reservoir.

Rainfall between 18 and 21 August is expected to push inflows to between 100 and 120 cubic metres per second, according to a notice issued on 19 August. The reservoir is expected to reach full capacity today.

If the water level reaches the warning threshold, the dam operator may release water through the spillway into the river. Releases could reach 50 to 110 cubic metres per second or more, depending on the volume of water entering the reservoir.

Authorities have warned residents in two villages in Lamam district downstream of the dam to monitor water levels closely and take precautions to protect people, livestock and valuable property.

The notice said operators would manage releases according to dam safety procedures to prevent the reservoir from rising above the warning level. If the reservoir does not reach the specified threshold, the release may be delayed.

Rainy Season

The warning is one of several dam-related alerts issued during Laos’ rainy season as heavy rainfall continues to push up water levels across the country.

Previously, Xe Lanong 1 Hydropower Dam in Savannakhet began releasing water on 11 August after heavy rain increased inflows into its reservoir, raising flood risks downstream.

In Bolikhamxay Province, Pakkading authorities also warned downstream residents after Nam Theun 1 Dam began releasing water on 7 July, pushing up river levels.

Flood risks have continued to rise in several parts of Laos.

Flooding has affected at least 11 villages and more than 10,000 people in Savannakhet’s Phin and Sepon districts. The Mekong River in Pakse, Champasak Province, reached 11.52 metres on 19 August, above the 11-metre alert level.

Forecasters expect heavy to very heavy rain through 21 August, while authorities continue to urge people living near rivers and in low-lying areas to monitor water levels and follow official warnings.

Step into a Golden Autumn with Duffy Month, Halloween and Seasonal Discoveries at Shanghai Disney Resort

By
Advertorial Desk
-

Duffy and Friends embark on new adventures with brand-new shows coming to the park during the resort’s 10th Birthday Special Duffy Month

Celebrate LinaBell, the clever and inquisitive fox friend of Duffy, as she marks her 5th anniversary this September

SHANGHAI, Aug. 20, 2026 /PRNewswire/ — As the weather cools and autumn hues begin to settle in, an enchanting season unfolds at Shanghai Disney Resort, offering a golden harvest of immersive experiences throughout autumn’s celebrations and holidays. Kicking things off, Duffy and Friends will invite everyone to set sail on brand-new adventures from September 1 to 30, 2026, joined by a week-long celebration for LinaBell’s fifth anniversary from September 23 to 29. Following closely, Halloween will return from October 4 to November 1, 2026, bringing an extended ten Spook-tacular Days and even more “With You, It’s Magic+” moments. Coinciding with these celebrations, the Mid-Autumn Festival and Golden Week national holiday will offer even more opportunities for family and friends to create special memories while exploring the seasonal beauty at Shanghai Disney Resort this autumn.


Set sail this Duffy Month on an all-new voyage where stories and friendship come together

Drawing inspiration from the heartwarming stories of Duffy and Friends, the resort’s 10th Birthday Special Duffy Month will invite guests and fans to “board” the FriendSHIP and set sail together for a whole month of new adventures.

Stepping into the park, guests can find familiar Chinese animation elements reimagined with Duffy and Friends as part of a new collaboration with the renowned Shanghai Animation Film Studio, widely recognized as the cradle of Chinese original animation whose works have become cherished childhood memories for many. While extending into immersive entertainment, charming keepsakes and memorable dining experiences throughout the resort, the collaboration will also introduce Duffy and Friends’ first animated short film, where they embark on a heartwarming adventure based on the stories known and loved by generations of Chinese families.

Throughout Duffy Month, the resort will be transformed with charming new decorations inspired by the original short video: elements such as peaches, gourds and goldfish, will adorn the social wall and photo locations, while Duffy and Friends’ signature soft hues flow across banners and ribbons, creating a picturesque setting for guests to meet their favorite characters.

Duffy and Friends will also change into new outfits sprinkled with auspicious motifs from the collaboration’s artwork. Duffy’s outfit is adorned with peach blossoms, while Gelatoni’s features lotus flower and goldfish motifs. ‘Olu Mel’s outfit is accented with gourds, ShellieMay with swallows and peach blossoms, and StellaLou with moon embroidery and lake-wave patterns. CookieAnn’s will include peach blossoms, while LinaBell’s features peach-inspired embroidery and butterfly-wing details.

This year’s Duffy Month brings even more Duffy-filled fun with all-new immersive experiences taking place on Duffy Month Pajama Party Nights, inviting guests to spend special moments with the beloved characters. From September 19 to 20 and September 26 to 29, guests can join Duffy and Friends for an evening of adorable adventures, beginning with the Duffy and Friends’ Pajama Party at the Pepsi E-Stage, where the friends, dressed for bedtime in their brand-new pajama outfits, will share stories from their adventures while a playful pillow fight begins.

The fun continues with a Duffy-themed castle projection show, Duffy and Friends’ Special Celebration. Opening with a signature Duffy Month track, “Let’s Get Together,” the show will bring the beloved characters’ portraits to life through magical projections before taking guests through the changing seasons. As Duffy and Friends gather beneath a dreamy starry sky, a dazzling display of colorful fireworks illuminates the night, bringing the celebration of friendship to a magical finale.

As the resort continues to bring refreshed experiences to guests, a brand-new show, A Voyage with Duffy and Friends, will also be coming to the Enchanted Storybook Castle stage. Infused with Disney storytelling and creativity, the show will debut an original Duffy Month theme song and a whole-new adventure. A Voyage with Duffy and Friends will bring guests along on an enchanting journey, following the seven friends as they use their special talents to return a mysterious crystal home across the water.

While introducing an all-new adventure, the show will also bring back a beloved Duffy Month highlight that guests have come to cherish—the Shanghai Huju Opera rendition. Starting September 5 and continuing every Saturday and Sunday throughout the month, guests can enjoy the performance crafted in collaboration with Shanghai Huju Opera Theatre for the third consecutive year. By bringing together Disney’s world-class storytelling with a cherished form of Shanghai’s intangible cultural heritage, the collaboration celebrates the city’s unique cultural spirit through a newly arranged Huju Opera melody. Performed by young Huju actors, the “Shanghai Ballad” shares generations of Shanghai stories and offers guests an opportunity to experience the enduring cultural charm of Shanghai this Duffy Month.

Throughout Duffy Month, guests can savor a delightful selection of peach-themed desserts, seasonal beverages served in elegantly designed cups, a take-home set of CookieAnn’s Made-With-Love Pastry, along with other Duffy-inspired dining experiences. At Duffy and Friends Celebration Hall, an updated menu will bring playful delights such as ‘Olu Mel’s Island Melody Coconut Shrimp Rice and StellaLou’s Seafood Ribbon Noodles. Meanwhile, CookieAnn Bakery Café will serve up tantalizing new takes on guest-favorite treats—such as Passionfruit and Pineapple New York Rolls and White Chocolate Cream Cake—as well as all-new creations like Mango Pomelo and Sago Croffle.  

Guests can also bring home a piece of the celebration with two brand-new collections. The Duffy and Friends Little Voyage Collection will be packed with adorable accessories, plushes and keychains, featuring Chinese-style motifs, alongside festive mooncakes and lifestyle items, including a teacup crafted in collaboration with artisans from Jingdezhen, China’s “porcelain capital.” The teacup offers guests a meaningful keepsake that blends traditional craftsmanship with Disney storytelling. Meanwhile, the Duffy and Friends Pajama Party Collection has all the cozy apparel and headwear needed to complete a lounge-worthy pajama party look.

At Shanghai Disneyland Hotel, guests will discover a delightful array of recreational activities—all themed to the adorable world of Duffy and Friends. From heartwarming bedtime storytelling to hands-on DIY workshops, lively interaction games at the lobby and enchanting hotel tours filled with surprises, every moment becomes an adventure brimming with friendship and imagination.

LinaBell celebrates 5 years at Shanghai Disney Resort

It’s not just Shanghai Disney Resort celebrating a big anniversary this year. Everyone’s invited to join a full week of festivities from September 23 to 29, honoring one of Duffy’s most adventurous friends—LinaBell—as she celebrates five years of bringing curiosity, exploration and joy to the park. Throughout the week, guests can wish LinaBell a happy anniversary as she makes special appearances at the entry portal with her friends and join in the fun during the pre-parade as she commemorates the big milestone.

Since her global debut at Shanghai Disney Resort on September 29, 2021, LinaBell has captured the hearts of countless guests with her inquisitive spirit, boundless curiosity and confident personality. Through her unique charm and love for discovery, she has inspired guests of all ages to embrace imagination, explore new possibilities and share in the magic of friendship with the wider community.

Halloween gets a Magic+ twist with upgraded entertainment

As guests set foot into an eerie wonderland, where festive bunting and charming jack-o’-lanterns inspired by Disney characters blend with the magic of the 10th Birthday Celebration, this year’s Halloween will continue the fun-for-all spirit with even more “With You, It’s Magic+” moments. Guests are invited to the annual spooky gathering to celebrate all their favorite characters, unleash their creativity and show off their most wickedly fun looks.

Beginning with an extra daytime edition of Donald’s Halloween Treat Cavalcade, a bubbling cauldron of Halloween entertainment awaits all who venture into the resort. With Disney Villains taking the spotlight, guests dressed in their most creative Halloween looks may be selected to follow Donald Duck and Daisy Duck’s lead through the cavalcade, while new festive moves invite everyone to dance along. Guests can also look forward to more wicked entertainment as Disney Villains cast their spells through a series of immersive experiences, bringing guests face to face with their favorite fiendish characters across the park.

Making his debut this autumn is Peg-Leg Pete, who will join the Halloween lineup as an evil king ready to add more mischief to the season. Guests are also invited to flaunt their Halloween transformations with Mickey and Friends who are taking on a steampunk-style look, while Duffy and Friends reimagine themselves as a whimsical bard troupe.

The Halloween spirit continues in the Zootopia-themed land, where guests are invited to join the annual Howl-o-ween celebration alongside Judy, Nick and all Zootopia residents. From 10-minute Mark Howling sessions every day to Blue Howling Drinks, the entire land will come alive with Halloween excitement, inviting guests of all Halloween faces and places for a howling “With You, It’s Magic+” moment.

An extra boo-tiful 10 Spook-tacular Days invites more magical memories to be made

Marking the resort’s 10th Birthday in spook-tacular style, Shanghai Disney Resort’s Spook-tacular Days will expand to ten days of frightful fun so guests can make even more magical memories. From October 16 to 18, October 23 to 25, and October 29 to November 1, guests can dance through five festive Party Zones, discover surprise encounters in the Alice in Wonderland Maze, join Donald’s Halloween Treat Party at Festival Forest, collect treats across the resort, and gather in front of the Enchanted Storybook Castle for the highly anticipated Disney Villains Castle Celebration, where the season’s most wicked festivities come to life.

Throughout Halloween, guests can savor seasonal flavors with a tempting lineup of treats and dining experiences across the resort, including dark delights, Halloween-themed set menus and festive buffets. Beyond the table, guests will find four all-new Halloween merchandise collections inspired by Mickey and Friends, Duffy and Friends, Winnie the Pooh and Friends, and Zootopia. From glow-in-the-dark apparel and pumpkin-inspired items to cozy autumn wear and collectible plush, there is something for every Halloween enthusiast.

Beyond the park, the spooky fun extends into Disneytown, where guests can join the trick-or-treat trail on the Disneytown Halloween Tour, browse the Halloween Market for festive finds, and create picture-perfect moments with the whole family.

Gather together for a golden season of celebrations

As autumn unfolds in golden hues, the Mid-Autumn Festival offers a cherished time for family reunions, while the Golden Week holidays create even more opportunities to gather with loved ones. Guests are invited to enjoy these holidays and create magical memories together while joining the 10th Birthday Celebration at Shanghai Disney Resort. Adding to the festivities, guests visiting during the Golden Week holidays can look forward to a special castle projection featuring fireworks after the iconic nighttime spectacular ILLUMINATE! A Nighttime Celebration, from October 1 to 3.

To make the most of these holidays and the blissful autumn weather, guests can enjoy the wonders of the season with a stay at Shanghai Disneyland Hotel or Toy Story Hotel, or take advantage of seasonal ticket offers to experience all that Duffy Month and Halloween have to offer.

  • Disney Dream Vacation – Duffy and Friends Package: an overnight stay at Shanghai Disneyland Hotel with LinaBell-themed decoration, breakfast and dinner, two park tickets, and in-park F&B coupons.
  • One-Day Ticket with Free Flavored Beverage and Gift Pack: a one-day dated park ticket, F&B offerings, and a Duffy-themed giveaway.

Whether celebrating with Duffy and Friends on a new adventure, enjoying ten Spook-tacular Days of Halloween fun, or gathering with friends and family in this season of holidays, autumn at Shanghai Disney Resort will be brimming with unique offerings and experiences that continue to enrich this year’s 10th Birthday Celebration.

*The above-mentioned shows may be impacted due to operational arrangement, inclement weather or other unforeseen conditions. For example, during poor weather including but not limited to rain, high wind, poor air quality, heavy fog and/or lightning, we may temporarily delay or cancel the shows. All entertainment and products shall be subject to details stated on their respective information pages.

 

GCash enables users to get instant digital tax refunds across 16 countries

By
Advertorial Desk
-

MANILA, Philippines, Aug. 20, 2026 /PRNewswire/ — Filipino travelers shopping abroad can now receive eligible tax refunds in minutes through their GCash wallets. Powered by Alipay+ and its global tax refund partner Global Blue, the new Digital Tax Refund feature enables outbound Filipino travelers to receive tax refunds instantly and directly in Philippine Peso (PHP) through the GCash app.

GCash users can now seamlessly claim tax refunds directly into their GCash wallets across 16 countries
GCash users can now seamlessly claim tax refunds directly into their GCash wallets across 16 countries

The service will initially be available across 16 countries, namely Italy, Germany, the Netherlands, Argentina, Austria, Denmark, Estonia, Finland, France, Greece, Saudi Arabia, Latvia, Norway, Portugal, Sweden, and Switzerland, with more countries to be added soon.

Traditionally, travelers claiming tax refunds overseas choose between receiving cash in foreign currency, which may be difficult to use after returning home, or waiting one to four weeks, or even longer, for refunds to be credited to their bank accounts or credit cards. Currency conversion fees and exchange rate fluctuations can further reduce the value of the refund.

Using the service is designed to fit seamlessly into the existing airport tax refund process. After presenting the required travel and shopping documents to customs for validation, travelers can open the Tax Refund feature in the GCash app, accept the one-time Terms and Conditions, and generate a personal QR code. Once scanned by the airport tax refund counter representative, the refund is instantly converted to Philippine pesos and credited directly to the user’s GCash wallet, accompanied by a real-time confirmation notification.

“Through Digital Tax Refund, we are giving Filipino travelers a faster and more convenient way to receive the money they are entitled to, directly in Philippine pesos through the GCash app they already use every day,” said Carlos Bauza, Vice President for International Payments of GCash International.

The Digital Tax Refund feature reflects the continued evolution of digital financial services in making cross-border transactions more convenient for Filipinos. Through solutions that simplify international travel, digital platforms can help travelers save time, maximize the value of their purchases, and enjoy more seamless financial experiences wherever they go across the 16 available countries.

For more information, visit https://help.gcash.com/hc/en-us/articles/51318766615193-How-to-claim-a-Digital-Tax-Refund

ISoOR 2026 Organoid Clinical Transformation Summit convened in Hangzhou

By
Advertorial Desk
-

ICORE launched; nine companies joined as founding members

HANGZHOU, China, Aug. 20, 2026 /PRNewswire/ — On August 18, the International Society of Organoid Research (ISoOR) held its 2026 Organoid Clinical Transformation Summit in Hangzhou. Under the theme “From Biological Models to Credible Evidence — Standardization and Clinical Practice of Organoids,” the event brought together leaders from academia, clinical medicine, industry and investment to advance standardization and high-quality development across the organoid field.


As organoids move into drug discovery, precision medicine and clinical translation, the field is shifting from model construction to evidence generation. Stability, reproducibility and methodologically validated data are becoming essential for broader adoption. China’s recent inclusion of tumour organoid culture and drug-sensitivity testing in its national medical-service pricing framework provides further policy support for standardized clinical use.

ISoOR Chairman Prof. Peter E. Lobie opened the summit with a welcoming speech. Forum speakers then shared latest advances and trends in tumor organoid drug-sensitivity testing, thyroid and ophthalmic applications, drug development, automation, and internationally aligned biobanking standards.

Prof. Wu Lijuan from PLA Western Theater Command General Hospital emphasized that consistent standards are essential for the broader adoption of organoid technology in precision oncology and, ultimately, for translating its clinical potential into benefits for more patients.

Prof. Shen Chongyang from Chengdu University of TCM discussed recent international policy developments concerning New Approach Methodologies (NAMs). He predicted that, if current progress continues, the first jointly validated NAMs that could be applied in specific contexts without the need for repeated validation may emerge around 2028.

A cross-sector roundtable moderated by Dr. Zhou Yi of AimingMed explored how research institutions, clinicians, industry and investors can work together to move organoids from scientific validation to clinical and commercial value.

The summit also marked the launch of International Center for Organoid Research and Enterprise (ICORE). Initiated by ISoOR, ICORE will support research, technical validation, clinical translation, international collaboration and industry incubation. Nine companies joined ICORE as its founding members. Drawing on its expertise in organoid standardization and clinical translation, AimingMed will contribute to ICORE’s joint research and translational initiatives.

About ISoOR

The International Society of Organoid Research brings together academic, clinical and industry resources to advance organoid standards, innovation and application.

About AimingMed

AimingMed is a medical technology company integrating organoid R&D, production, research services and clinical testing. Its portfolio includes the MasterAim® organoid culture system, OSCAR-AI automation platform and organoid biobanks.

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