27.1 C
Vientiane
Wednesday, July 23, 2025
spot_img
Home Blog Page 151

Wonder, Generali Hong Kong and Citi Join Forces to Help Digitalise and Streamline Insurance Payments

HONG KONG, June 3, 2025 /PRNewswire/ — Today, Bindo Labs – the parent company and developer of Wonder, a leading payments gateway and fintech platform for merchants in Hong Kong – announced its collaboration with Generali Hong Kong, a member of Generali Group, one of the world’s largest integrated insurance and asset management groups, to digitalise payments acceptance for insurance premium collections from policyholders in Hong Kong. A first-of-its-kind innovation, this collaboration leverages Citi’s Spring by Citi® digital payment acceptance solution to enhance Generali Hong Kong’s payments’ processing, supporting a more unified customer experience.

Wonder
Wonder

The strategic collaboration between Wonder, Generali Hong Kong and Citi® will link premium collections with policy statuses through automated payments reconciliation and digital payment methods. The solution will both, accelerate insurance policy underwriting growth and improve operational efficiency, as well as enhance the overall customer experience by offering greater convenience.

This collaboration marks the first time a global insurance company in Hong Kong can:

  • Integrate with over 20 payment methods through Wonder’s unified online and offline payment solution and Citi’s Spring by Citi platform.
  • Manage cost of acceptance through transparent “interchange plus” pricing model.
  • Combine digital payment acceptance with direct cash settlement to Citi.
  • Offer all services on a cloud-based platform which enables effortless upgrades for future development.

Jason Ngan, Founder and Chief Executive Officer of Wonder said in a company statement, “The strategic collaboration between Wonder and Citi is founded on the mutual dedication and commitment to empower Generali Hong Kong and its valued clients with streamlined payment solutions for making and receiving payments. Through this landmark collaboration between a bank and fintech in serving leading global financial institutions, it strongly signifies to the banking and finance community that banks and fintechs are not competitors, but rather are ideal strategic collaborators, capable of unleashing synergies through cooperation and jointly creating new value.”

Alessandro Lavenia, Chief Financial Officer of Generali Hong Kong further added, “Generali Hong Kong has focused on expanding its payment options for policyholders in Hong Kong to drive growth and prepare for future business opportunities. Previously, each new payment method required a dedicated gateway, leading to slow time-to-market. With this strategic collaboration, we can readily adopt new payment methods more quickly while enhancing operational efficiency and customer experience.”

Anoushka Dua, Head of Payments – Asia South, Japan, Asia North & Australia, Services at Citi said “As our insurance clients swiftly embark on extensive digital transformations, they are reshaping their product offerings into a suite of digital services to remain competitive and enhance customer experiences. We are pleased to support them and act as their banking collaborator on this digital journey, and we look forward to growing together in this dynamic market.”

Priyanka Gargav, Head of Spring by Citi – APAC & EMEA at Citi said, “Spring by Citi, our innovative digital payment acceptance solution, is empowering insurance clients in their digital transformation. By collaborating with leading fintechs, we aim to deliver, amongst other things: faster settlement, transparent and lower cost, more streamlined reconciliation, and a best-in-class customer experience.”

This strategic collaboration gained significant attention at the 2024 Hong Kong FinTech Week, showcasing the benefit of a bank and fintech collaborating together to create a more unified payments acceptance solution for businesses and consumers.

About Generali Hong Kong

In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group’s global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers.

Website: www.generali.com.hk

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.  

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi 

About Wonder

Wonder is a leading payments and FinTech platform for merchants in Hong Kong and Asia Pacific, enabling any merchant, from micro-businesses to multinational enterprises to pay and get paid effortlessly.

Wonder is Hong Kong’s first full-stack omni-channel payments platform, allowing merchants to digitally complete KYC onboarding in minutes, open an account, accept payments, pay digitally, and manage transactions all from one single platform. Key products include Wonder App, Wonder Terminal, Wonder Dashboard, Wonder Card and Wonder Taxi. Beyond the full-stack suite of payments and FinTech products, Wonder has also pioneered instant payments settlement (T+0) in Hong Kong and continues to expand access to digital financial services through innovation and strategic partnerships.

Headquartered in Hong Kong, Wonder completed a Series A funding round led by Hong Kong Telecom (HKT), and has offices in Hong Kong, Japan, Taiwan, Singapore, Malaysia, Shenzhen, and Changsha.

Website: https://wonder.app

Media Contact:
Name: Wonder Inquiry
Email: inquiry@wonder.app

“Xiamen Day” Successfully Held at Expo 2025 Osaka China Pavilion, Fostering a New Era of Multifaceted Collaboration

OSAKA, Japan, June 3, 2025 /PRNewswire/ — From May 31 to June 1, 2025, “Xiamen Day” captivated audiences at the China Pavilion of Expo 2025 Osaka. Under the theme “Facing the Sea, Flowers Blooming in Four Seasons” and guided by the principles of “Openness, Culture, and Innovation,” the event comprehensively showcased Xiamen’s urban appeal through economic and trade matchmaking, cultural performances, and a variety of other activities, injecting fresh dynamism into Sino-Japanese exchanges.

Economic and Trade Matchmaking: Deepening Practical Industrial Cooperation 

The Xiamen-Japan Economic, Trade, and Cultural Tourism Exchange Conference kicked off on May 31. Following opening remarks by leaders from the Xiamen Municipal Government, the Xiamen Commerce Bureau and Xiamen Culture and Tourism Bureau presented compelling cases for Xiamen’s favorable business climate and rich cultural and tourism offerings, highlighting its investment potential and the allure of the “Garden on the Sea.”

Fujii Takahide Head of Nippon Electric Glass Co. Ltd. Xiamen, shared valuable insights into his company’s investment journey in Xiamen. Toyoki Oka, Representative Director of the Japan-China Investment Promotion Organization, provided analysis on the strategic direction of Japanese enterprises operating in China. Further discussions among enterprise representatives centered on supply chain innovation and the burgeoning tea industry. The on-site signing of projects, including the BSL Smart Energy Base, Dendrobium officinale R&D and promotion, and Chinese tea exports to Japan, underscored the transition of bilateral collaboration in green energy, healthcare, and traditional trade to a phase of significant advancement.

Cultural Enrichment: A Dialogue of Southern Fujian Culture with the World 

On June 1, the opening ceremony of “Xiamen Day” within the China Pavilion at the Osaka Expo presented a vibrant tapestry of performances, seamlessly blending traditional and contemporary elements. Interactive song and dance, innovative folk arts, and intangible cultural heritage showcases brought Xiamen’s unique humanistic spirit to life, rooted in the rich traditions of Southern Fujian culture and celebrating the harmonious fusion of Chinese and international influences.

Immersive experience zones showcasing the artistry of lacquer thread sculpture and shadow carving attracted audience participation, with many visitors expressing a shared appreciation for the parallels in Eastern aesthetic sensibilities. The accompanying China-Japan Friendship Exchange Exhibition, utilizing exquisite crafts and a retrospective of collaborative ventures, served to construct a lasting bridge of cultural exchange.

Ecological Practice : A Model for Sustainable Urban Development

The event also featured a dedicated ecological exhibition area, spotlighting Xiamen’s innovative approaches to ecological zoning control, pollution mitigation, and carbon reduction. This showcased the city’s governance strategies, firmly grounded in the “ecological city” concept, and offering “Xiamen’s wisdom” as a valuable resource for global sustainable development efforts.

This event successfully cultivated a comprehensive platform for Sino-Japanese exchange, strengthening mutual understanding through cultural resonance and fortifying the foundation of friendship through industrial collaboration. The event garnered significant attention from both Chinese and Japanese media outlets. Looking ahead, we anticipate deepening collaboration between the two sides across diverse sectors, ensuring a new era of mutual benefit and shared prosperity.

2025 International Image Culture Week Wraps Up with SmallRig Visionary Storytellers Industry Forum on the Future of Imaging

SHENZHEN, China, June 3, 2025 /PRNewswire/ — The 2025 International Image Culture Week has successfully concluded. The event covers three main sections: 2025 Visionary Storytellers Industry Forum, SmallRig Awards Ceremony, and public image experience activities such as The Social Impact Image Pitching Sessions, Filmmaking Class. During the event, the SmallRig Visionary Storytellers Industry Forum featured over 200 global industry leaders, including representatives from Sony, Nikon, and vivo, as well as prominent filmmakers and scholars.

2025 Visionary Storytellers Industry Forum
2025 Visionary Storytellers Industry Forum

In the forum’s opening remarks, Zhou Yang, the founder and CEO of SmallRig, Leqi Innovation, emphasized the rapid evolution of the imaging scene industry. “From traditional cameras to mobile phones and emerging multi-functional gear, the diversification of image-capturing scenarios is reshaping the industry. Innovation in stability systems, lighting, and power solutions is accelerating.”

More Insights from the Frontlines of the Imaging Industry

  • Roundtable: Imaging Scene Development & the Camera Industry Revival
    Experts agreed that the camera industry’s revival is driven not just by hardware sales but by the democratization of technology, the rise of short-form content, and synergistic ecosystems. Lightweight, versatile gear is empowering more creators to tell stories.
  • Roundtable: Imaging Scene Development & the Bigger Picture
    Representatives from Nikon, Insta360, Lexar, and independent filmmakers explored how AI, panoramic formats, and expanded storage are driving creative frontiers. They emphasized the power of storytelling, employing innovation not only to accelerate production but also to create content that resonates emotionally, striking a perfect balance between artistic vision and practical use.
  • Roundtable: Smartphone Imaging & Growth Potential
    The smartphone is no longer just a tool but an evolving creative ecosystem. Experts highlighted the growth of mobile imaging in AR and professional video, stressing user co-creation as a key to innovation and product refinement.
  • Roundtable: Innovation & Persistence in Professional Filmmaking
    Veteran filmmakers delved into the emotional roots of cinema amid rising tech trends like HDR and virtual production. They encouraged younger creators to master light and composition, understand cinematic history, and integrate new tools with the time-honored art of storytelling.
  • Roundtable: AIGC & Dual Imaging in Commercial Photography
    With the rise of AI-generated content (AIGC), the commercial photography world is embracing dual modalities: still and motion. Experts urged photographers to evolve into “AI directors,” using intelligent tools for ideation and streamlining workflow, yet retaining the human touch that fosters brand connection and emotional resonance.

Moreover, the forum also marked the establishment of the Global Imaging Scene Research Initiative, jointly founded by Nikon, Lexar, SmallRig, and Haohan, aiming to explore the symbiotic relationship between imaging and lifestyle, and forecast the future innovations in the industry. The initiative will launch the Flick It imaging product shopping season in late 2025, the first global consumer event focused on co-created imaging scenarios. SmallRig focusing on user co-creation, platform synergy, content development, industry standards, talent growth, and academic certification for a more inclusive global imaging industry.

About SmallRig

Founded in 2013, SmallRig designs and builds complete accessory solutions including camera and phone rigs, battery, tripod and video light for content creation. SmallRig’s accessories are widely used in live broadcasting, vlogging, professional video production, and other fields supported by over two million creators worldwide. SmallRig pioneered the User Co-Design (UCD) approach and the DreamRig program, with the ultimate goal of co-designing alongside global creators to help turn their dreams into reality.

For more information, follow SmallRig at https://www.instagram.com/smallrigcinema/

Bybit Enhances Fiat Services with Community Feedback Initiative

DUBAI, UAE, June 3, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is reinforcing its commitment to user-centric development through a new campaign aimed at gathering community feedback on its fiat services. Running from June 2 to June 30, 2025, the initiative invites users to share their experiences with the platform’s P2P One-Click Buy and Fiat Deposit features.

The campaign features two participation tracks:

  • Fiat Review Bonus: The first 1,000 users who post a review on any social media platform, tag @Bybit, and include the hashtag #BybitFiat or #BybitP2P will receive a 5 USDT P2P coupon, subject to uploading a valid screenshot.
  • Fiat Experience Airdrop: New users who deposit at least 100 USDT using Bybit’s fiat services will receive an 8 USDT airdrop. This reward is limited to the first 1,000 eligible participants.

Bybit’s fiat services include the One-Click Buy feature, enabling crypto purchases via local payment methods such as bank cards, third-party providers, and P2P Trading. The Fiat Deposit function allows users to transfer fiat currency to their Funding Account and convert it into crypto easily at any time.

In recent months, Bybit has significantly enhanced its fiat and P2P services in direct response to community input — a clear reflection of its brand ethos: “Listen, Care, Improve.” The platform has expanded its One-Click Buy feature to support 25 additional local currencies, making crypto access more inclusive. A new self-service ticket appeal system now simplifies refund and dispute resolution, empowering users to resolve issues quickly and independently.

On the P2P side, several features have been rolled out to build trust and strengthen the trading experience. These include a Trial Advertiser Program with no security deposit, QR code-based ad sharing for privacy, a fraud-resistant review moderation system, and an order verification function to ensure secure transactions. These enhancements aim to reduce friction and boost confidence for both new and experienced users.

Bybit’s P2P ecosystem continues to grow steadily, achieving weekly averages of 2.2 million total orders and 650,000 users in the first half of 2025. This momentum reflects increasing user trust and demand for accessible, peer-driven crypto services.

The P2P Super Deal and P2P School continue to attract and educate new users. Offline events in Argentina and Mexico further strengthened ties with regional crypto communities, bringing together advertisers, enthusiasts, and industry leaders for knowledge-sharing and collaboration.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Sipping Tea while Enjoying Opera: The 2025 Beijing Chaoyang International Tea Culture Week Showcases Cultural Charm


BEIJING, CHINA – Media OutReach Newswire – 3 June 2025 – On May 29, the 2025 Beijing Chaoyang International Tea Culture Week officially opened. This year’s festival, with a main venue at the Junwangfu Hotel, and a satellite venue at the China Central Place, creates a tea culture feast that blends tea tasting, opera appreciation, cultural experiences, and consumption.

A colorful array of theatrical performances lights up the Tea Culture Week
A colorful array of theatrical performances lights up the Tea Culture Week

The Junwangfu Hotel, a cultural landmark near Liangma River, features Qing Dynasty architecture and traditional Chinese gardens. During the festival, the hotel is filled with the rich aroma of tea. Visitors can purchase tickets to immerse themselves in the “Royal Tea Gathering” and enjoy the leisurely atmosphere of “a view with every step, a tea with every seat.”

The tea market brings together more than 70 modern tea brands, offering international flavors from New Zealand, Nepal, Sri Lanka, South Africa, and Azerbaijan, as well as regional specialties from Yunnan, Guizhou, China’s Taiwan region, and others. The market also features tea-themed cultural and creative products.

At the “Floating Fragrance Tea Market” located in the sunken garden of The Ritz-Carlton at China Central Place, more than ten food and beverage businesses, renowned tea companies, and emerging tea drink brands offer special tea drinks, DIY tea-blending experiences, and tea art performances.

Guests savor the aroma and flavor of fine teas
Guests savor the aroma and flavor of fine teas

Sipping tea while enjoying opera—tea in the teahouse, opera on the stage—reflects the romantic lifestyle of ancient Chinese society and has become a novel form of social interaction today. As the scent of tea wafts through the air, the Junwangfu Hotel echoes with traditional melodies and captivating performances. Peking Opera, Yue Opera, Nanyin music, and folk instrumental ensembles take the stage in turn. Between performances, visitors can experience Song-style whisked tea, Chaozhou gongfu tea, and the craftsmanship behind West Lake Dragon Well tea at the Yinan Hall, gaining a deeper appreciation for the cultural richness of tea.

From “Tea and the World” to “Tea and the City” and “Tea and Culture,” Chaoyang District has hosted the Tea Culture Festival for three consecutive years, consistently promoting the theme: “Sharing a Cup of Fine Chinese Tea with the World.” The event continues to elevate Chinese tea as a cultural symbol that speaks to the world.

Once, the fragrance of tea traveled the ancient Tea Horse Road and the Silk Road to reach distant lands. Today, tea is grown in more than 60 countries and regions, with over two billion people worldwide enjoying it.

“With Chaoyang’s tea, we welcome friends from around the world.” Chaoyang District extends a warm invitation to global friends to join us in savoring fine teas and traditional operas.

Hashtag: #2025BeijingChaoyangInternationalTeaCultureWeek

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

MEXC to Serve as Major Sponsor at Solana Summit APAC 2025, Reinforcing Commitment to SOL Ecosystem Growth

VICTORIA, Seychelles, June 3, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, will participate as one of the Major Sponsors at the upcoming Solana Summit APAC 2025, taking place June 5-7 in Da Nang, Vietnam. The summit will showcase MEXC’s deepening commitment to the Solana ecosystem and introduce innovative community engagement initiatives designed to strengthen partnerships with builders and developers across the region.

MEXC to Serve as Major Sponsor at Solana Summit APAC 2025, Reinforcing Commitment to SOL Ecosystem Growth
MEXC to Serve as Major Sponsor at Solana Summit APAC 2025, Reinforcing Commitment to SOL Ecosystem Growth

Building Strategic Partnerships in the SOL Ecosystem

MEXC’s participation at Solana Summit APAC will reinforce the exchange’s position as a trusted partner for Solana builders and innovators. The company’s presence at the summit embodies their core message: “Build on SOL, grow with MEXC.” This strategic positioning will set the stage for an upcoming SOL ecosystem promotion campaign scheduled to launch in late July 2025.

The three-day summit will attract developers, founders, venture capitalists, and crypto enthusiasts from across the global Solana ecosystem, providing MEXC with a premier platform to engage with key stakeholders and expand its presence within the developer community.

Interactive On-Site Activations and Community Engagement

MEXC will launch an innovative Treasure Hunt Activation during the summit, featuring five unique sticker designs incorporating the MEXC logo and QR codes linking to the company’s official social media channels. Participants who locate all five stickers hidden throughout the event venue will be eligible to redeem exclusive co-branded merchandise at the MEXC booth. This gamified approach reflects MEXC’s commitment to fostering meaningful community interactions and creating memorable experiences for summit attendees while amplifying the company’s regional presence.

Thought Leadership and Industry Expertise

On June 5, Yuky Tran, COO of MEXC Vietnam, will participate in a panel discussion addressing critical industry challenges. The session, scheduled from 11:05-11:35 AM, will explore “What roles do DEX’s or launchpads play in protecting retail investors from scams?” Tran will join industry leaders including representatives from Outlaw, HawkFi, SecondSwap, and Meteora to discuss investor protection strategies and platform responsibilities.

Additionally, YY, Head of Listing of MEXC Ventures, will be at the exclusive VC Demo Day on June 7, a curated four-hour event designed to explore Vietnam’s emerging role as a launchpad for Decentralized Physical Infrastructure Networks (DePIN). The invite-only gathering will bring together 70-100 attendees, including DePIN builders, Solana ecosystem leaders, venture capitalists, and Web2 companies from AI, IoT, energy, logistics, and XR sectors seeking to integrate real-world DePIN applications.

Strengthening the Global Solana Community

MEXC’s major sponsorship of the Solana Summit APAC demonstrates the exchange’s strategic commitment to supporting the broader Solana ecosystem while establishing stronger connections with the developer community across Asia-Pacific markets. The summit participation will serve as a launching pad for expanded regional initiatives and partnerships throughout 2025.

The Solana Summit APAC 2025 will bring together the region’s most innovative blockchain projects, developers, and industry leaders, making it an ideal venue for MEXC to showcase its dedication to fostering growth within the Solana ecosystem.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website  X Telegram |How to Sign Up on MEXC

NSFOCUS Receives Frost & Sullivan’s 2025 Asia-Pacific Competitive Strategy Leadership Award for Excellence in Anti-DDoS Protection

The company is being recognized for its technological innovation, customer-centric approach, and market-leading on-premises DDoS defense solutions across the Asia-Pacific cybersecurity landscape.

SAN ANTONIO, June 3, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that NSFOCUS has been recognized with the 2025 Asia-Pacific Competitive Strategy Leadership Award in the Anti-DDoS industry for its outstanding achievements in delivering cutting-edge, scalable, and cost-effective DDoS protection solutions. This recognition highlights NSFOCUS’s continued leadership in driving intelligent innovation, enhancing customer experience, and solidifying its competitive positioning in an increasingly complex threat environment.

This recognition highlights NSFOCUS’s continued leadership in driving intelligent innovation, enhancing customer experience, and solidifying its competitive positioning in an increasingly complex threat environment.
This recognition highlights NSFOCUS’s continued leadership in driving intelligent innovation, enhancing customer experience, and solidifying its competitive positioning in an increasingly complex threat environment.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. NSFOCUS excelled in both, demonstrating an exceptional ability to translate strategic foresight into scalable, impactful action. “Driven by a steadfast focus on customer success, NSFOCUS consistently enhances its solutions to deliver exceptional experiences across all touchpoints. Its flexible pricing models cater to businesses of every scale, while dedicated product teams continually refine both hardware and virtual offerings to ensure high performance at competitive costs. With strategically located scrubbing centers across APAC, NSFOCUS boosts mitigation capacity and reduces latency and downtime for WAAP services, supporting seamless and uninterrupted operations,” said Vivien Pua, senior industry analyst, cybersecurity, at Frost & Sullivan.

Guided by a long-term strategy centered on innovation, regional partnerships, and customer empowerment, NSFOCUS has displayed remarkable agility in addressing shifting cyberthreats while elevating value for enterprises of all sizes. Through sustained investment in next-generation threat detection and mitigation capabilities, the company has successfully scaled its presence across APAC, enabling faster and more reliable protection in diverse, high-risk network environments.

Innovation remains a central tenet of NSFOCUS’s approach. Its flagship On-Premises DDoS Defenses suite—including the Network Traffic Analyzer (NTA), Anti-DDoS System (ADS), and ADS Manager (ADS-M)—empowers organizations to swiftly identify, neutralize, and monitor the most sophisticated volumetric and application-layer attacks.

NSFOCUS’s commitment to delivering a superior customer experience further distinguishes it in the market. By integrating AI-driven threat detection, automation, and real-time reporting through systems like ADS-M and the Active Defense Business Operating System (ADBOS), the company simplifies network defense operations while enhancing accuracy and efficiency. Its customer-centric portal design and flexible deployment models reflect a deep understanding of the operational and economic realities faced by enterprises today.

Frost & Sullivan commends NSFOCUS for setting a benchmark in strategic execution and market responsiveness. The company’s relentless focus on innovation, client success, and regional collaboration exemplifies best-in-class leadership in cybersecurity. With a robust pipeline of intelligent technologies and a culture rooted in proactive adaptation, NSFOCUS continues to redefine anti-DDoS protection in Asia-Pacific.

Each year, Frost & Sullivan presents the Competitive Strategy Leadership Award to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The award recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Tarini Singh
E: Tarini.Singh@frost.com 

Fliggy Reports Surge in Quality Travel for 2025 Dragon Boat Festival as Customized Trips Rise Over 50%

Average travel spending on holiday activities grew by 8.8% YoY

HANGZHOU, China, June 3, 2025 /PRNewswire/ — Fliggy, a leading online travel services platform and a wholly-owned subsidiary of Alibaba Group (NYSE: BABA and HKEX: 9988), has released insights into travel trends for the 2025 Dragon Boat Festival holiday, highlighting a sustained demand for high-quality travel experiences. Data shows that bookings for domestic customized tours surged by over 50% year-on-year (YoY), while domestic hotel packages combining accommodation with entertainment and dining options grew by 20%.

Travelers demonstrated increased spending power, with average expenses on tickets, camping experiences, and chartered tours rising by 8.8% compared to last year’s holiday period.

Staycations and cultural experiences on the rise

This year, many travelers opted for visits to theme parks or resorts with family and friends. Ticket sales for major attractions and theme parks on the first day of the holiday increased by 25% YoY, while comprehensive packages that included dining and entertainment experienced a remarkable 140% surge in bookings.

With southern China entering its rainy season, the hot and humid weather led many travelers to enjoy hotel-based retreats. Properties enhanced their offerings with traditional festival activities, such as making zongzi (glutinous rice dumplings), handcrafting five-color bracelets, and creating aromatic sachets, attracting guests seeking cultural experiences. Among all accommodation types, luxury resorts and boutique homestays recorded particularly strong booking growth during the holiday period.

Short-distance travel dominates holiday plans

During the three-day holiday, travelers favored short-distance road trips and nearby getaways. According to Fliggy data, domestic car rental bookings jumped by approximately 30% YoY, with flexible pickup and return options proving particularly popular. Top self-drive destinations included Urumqi, Chengdu, Sanya, Haikou, and Beijing.

The most popular domestic destinations included Shanghai, Beijing, Hangzhou, Chengdu, Guangzhou, Shenzhen, Nanjing, Chongqing, Xi’an, and Wuhan. Meanwhile, emerging locations such as Beitun (Xinjiang), Jincheng (Shanxi), Qiongzhong (Hainan), Qingyuan (Guangdong), Wuwei (Gansu), Nujiang (Yunnan), Dezhou (Shandong), Fangchenggang (Guangxi), and Kaifeng (Henan) showed the fastest booking growth, alluring travelers with their unique cultural and natural attractions in less crowded environments.

For outbound travel, the most sought-after destinations included Japan, South Korea, Hong Kong SAR, Thailand, Malaysia, Vietnam, Singapore, France, Indonesia, and the United States, with short-haul flights (under four hours) being particularly popular. Notably, countries such as Poland, Iceland, Finland, Bhutan, Uzbekistan, Laos, Azerbaijan, Kazakhstan, Tanzania, and Georgia experienced substantial growth in bookings, drawing travelers with their pleasant climates and distinctive cultural offerings.

About Fliggy

Fliggy is a wholly-owned subsidiary of Alibaba Group (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter)), and is one of the leading online travel platforms in China. Fliggy places a strong emphasis on innovation in its products and services, catering to the increasingly personalized and diversified needs of consumers in both China and overseas markets.

Leveraging Fliggy’s advantage as part of the Alibaba ecosystem, merchants can benefit from the vast user base within the Group. Fliggy also collaborates with partners through a full-service management format, helping more merchants, especially small and medium-sized ones, easily and efficiently share opportunities enabled by digitalization.

Fliggy’s long-term strategy is to promote the digital transformation of the tourism industry, using an open platform and mechanisms to help the industry make better use of digital business infrastructure for their operations.