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Pan Pacific Hotels Group Opens Pan Pacific Dalian

Marks Group’s expansion into China’s next-wave cities

SINGAPORE, Nov. 11, 2025 /PRNewswire/ — Pan Pacific Hotels Group (PPHG), the hospitality arm of Singapore-based UOL Group Limited, proudly announces the opening of Pan Pacific Dalian. This marks PPHG’s seventh hotel in China and its first in the vibrant coastal city of Dalian.

Pan Pacific Dalian, strategically located on Youting Road
Pan Pacific Dalian, strategically located on Youting Road

Strategically located on Youting Road, Pan Pacific Dalian offers guests a harmonious blend of contemporary comfort and authentic local experiences. The hotel’s prime location provides easy access to Xinghai Square, Dalian World Expo Centre and Dalian Xinghai Convention & Exhibition Centre making it an ideal choice for both business and leisure travellers.

Located in Northeast China, Dalian is fast emerging as a coastal economic powerhouse, renowned for its growing influence in international trade, maritime innovation, and as a MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In 2023 alone, the city reported an 87.8% increase in tourist arrivals over the previous year [1], exceeding pre-pandemic levels, while its GDP reached RMB 951.69 billion (USD 131 billion) in 2024 [2], with a 90% surge in foreign investment utilisation.

Dalian is gaining strong traction in both domestic tourism and business travel. It is emerging as an engine of commerce, culture, and connectivity, and we see immense potential in establishing a strong presence here. Our new hotel underscores PPHG’s long-term commitment to China, where growth is increasingly being shaped by the vibrancy of its next-wave cities. Our expansion into Dalian reflects our strategy to deepen our presence in China’s urban centres that are driving domestic tourism and economic momentum,” said Mr. Choe Peng Sum, CEO of PPHG.

Strong domestic growth fundamentals

China’s domestic travel market, estimated to be around USD 744 billion, is currently the world’s second largest behind United States. It is expected to grow 12% annually and overtake the US to become the world’s largest by 2030, according to a report by McKinsey [3]. The report highlights that 30% of the global hotel construction pipeline is currently concentrated in China, with the pipeline heavily skewed toward luxury properties to cater to the growing demand.

China remains one of the most dynamic growth engines for the global economy. We continue to see strong demand for travel driven by rising disposable incomes, urbanisation, and the growing aspiration of Chinese consumers to explore and experience more. For the hospitality sector, this translates into a tremendous opportunity, not only to welcome more international travellers outbound from China, but also to serve an increasingly sophisticated domestic market. At PPHG, we are investing with confidence in China’s long-term trajectory, because we believe that travel and hospitality will remain integral to the country’s economic story and to global tourism demand in the years ahead,” he added.

Soaring 52 storeys high, Pan Pacific Dalian offers breathtaking panoramic views of the Yellow Sea and surrounding hills, combining elevated design and modern elegance in line with PPHG’s Graceful Luxury 2.0 – a refreshed brand philosophy that celebrates meaningful, sensory-rich hospitality experiences. Drawing design inspiration from Dalian’s rich legacy as a historic trade nexus between China and Russia, the hotel features 216 spacious rooms and suites, styled with romantic, cruise-inspired interiors that blend elegance with a sense of timeless journey. Perched at the building’s summit, guests will find a range of meeting and dining venues, including a rooftop bar that promises unforgettable panoramic experiences.

Adding to its unique charm, the hotel will also offer a rooftop helipad, a striking feature for VIP transfers, aerial sightseeing, or creative events. The hotel also has state-of-the-art meeting and event facilities, a fully equipped fitness centre, and a serene spa, catering to the diverse needs of its guests.

Pan Pacific Dalian marks a significant milestone in PPHG’s strategic growth in China, joining a robust portfolio that includes Pan Pacific Beijing, Pan Pacific Ningbo, Pan Pacific Suzhou, Pan Pacific Tianjin, Pan Pacific Xiamen, and Pan Pacific Serviced Suites Ningbo.

More high-resolution images available here.

Sources

 

About Pan Pacific Hotels Group 

Pan Pacific Hotels Group is a global hospitality company that owns and manages over 50 hotels, resorts, and serviced suites comprising three brands – Pan Pacific, PARKROYAL COLLECTION, and PARKROYAL in more than 30 cities across Asia Pacific, North America, Africa and Europe. Headquartered in Singapore, it is a member of Singapore-listed UOL Group Limited.

Pan Pacific Hotels and Resorts delivers sincere and graceful service to every guest with a passion for excellence.

PARKROYAL COLLECTION Hotels & Resorts is driven by our passion for life and sustainability.

PARKROYAL Hotels & Resorts is distinguished by its passion for people and places, immersing every guest into local and authentic cultures.

Visit www.panpacific.com.

Australia Reaffirms Commitment to Laos with Another Humanitarian Relief Delivery under Indo-Pacific Endeavour 2025

Australia delivered AUD 98,000 (USD 64,000) in relief supplies to Laos under IPE25, strengthening disaster preparedness and regional cooperation. (Photo credit: Australian Embassy in Laos)

Australia continues to demonstrate its strong partnership with Laos by delivering emergency relief supplies to support Laos’ efforts in disaster preparedness and humanitarian response.

On 11 November, Wattay International Airport hosted a handover ceremony to mark the arrival of humanitarian relief supplies delivered by a Royal Australian Air Force (RAAF) C-130 aircraft. Australian Ambassador Megan Jones, Brigadier Jen Harris, Commander of Indo-Pacific Endeavour 2025 (IPE25), and Lieutenant Colonel Nick Beumer, Defence Attaché, officially handed the supplies to Phosay Sayasone, Minister of Labour and Social Welfare (MOLSW) of Laos.

This delivery is part of IPE25, a regional initiative led by the Australian Defence Force to strengthen cooperation and resilience across the Indo-Pacific.

The humanitarian supplies, valued at AUD 98,000 (LAK 1.3 billion), include 360 hygiene kits, 360 kitchen kits, 2,200 blankets, 2,800 mosquito nets, and 1,800 mats, which will benefit more than 1,800 people.

“Australia remains committed to supporting the Lao government’s efforts to prepare for and respond to natural disasters or humanitarian emergencies,” said Megan Jones, Australian Ambassador to Laos. 

“We are also pleased to know that the humanitarian supplies delivered over the past three years have supported many families affected by flooding across several provinces in Laos,” she added.

Australia delivers AUD 98,000 (USD 64,000) in relief supplies to Laos, strengthening disaster preparedness under Indo-Pacific Endeavour 2025. 11 November 2025. (Photo credit: Australian Embassy in Laos)

“We sincerely appreciate Australia’s continued support in strengthening Laos’ disaster preparedness and emergency response,” said Phosay Sayasone, Minister of MOLSW. “These prepositioned humanitarian supplies are timely and valuable and will help us respond more effectively and promptly to the needs of families affected by natural disasters when they occur across the country, especially during the rainy season.”

In addition to today’s delivery, Australia recently supported Laos through the ASEAN Coordinating Centre for Humanitarian Assistance (AHA Centre) by providing humanitarian supplies to assist 15,000 people, including family kits, kitchen sets, and personal hygiene kits from the Subang warehouse in Malaysia, valued at approximately USD 260,000 (LAK 5.6 billion).

These supplies, through the AHA Centre, have significantly supported Laos’ ability to respond to Tropical Cyclone WIPHA and the Southwest Monsoon. The Indo-Pacific Endeavour 2025 delivery complements this assistance by further enhancing preparedness and ensuring essential supplies are available when disasters strike. 

Australia’s humanitarian assistance reflects the strength of longstanding cooperation with Laos and ASEAN, reinforcing Australia’s role as a reliable and trusted partner in humanitarian support and emergency response across the region. It also demonstrates Australia’s steadfast commitment to ASEAN’s collective response efforts and the spirit of One ASEAN, One Response.

Australia delivers AUD 98,000 (USD 64,000) in relief supplies to Laos, strengthening disaster preparedness under Indo-Pacific Endeavour 2025. 11 November 2025. (Photo credit: Australian Embassy in Laos)

This humanitarian assistance is part of Australia’s broader humanitarian and development cooperation with Laos. Through initiatives like IPE25 and collaboration with ASEAN, Australia continues to stand with Laos in building a safer and more resilient future.

Australia delivers AUD 98,000 (USD 64,000) in relief supplies to Laos, strengthening disaster preparedness under Indo-Pacific Endeavour 2025. 11 November 2025. (Photo credit: Australian Embassy in Laos)

National Assembly Approves Salary Revision for Civil Servants from January 2026

10th Ordinary Session of the 9th Legislature, which runs from 10 to 21 November

The National Assembly (NA) Standing Committee has agreed in principle to approve the government’s proposal to revise the salary index, policy money, and allowances for civil servants, soldiers, police officers, teachers, and retired employees, with implementation set to begin in January 2026.

Under the revised plan, the minimum monthly salary will be no less than LAK 3 million (approximately USD 138) per person, up from the current LAK 2.5 million (USD 115). The adjustment marks an important step in public sector reform and aims to enhance the welfare of government employees.

The Ministry of Finance (MOF) submitted the proposal to Prime Minister Sonexay Siphandone on 15 September 2025. Alongside approving the salary increase, the National Assembly also endorsed, in principle, amendments to the 2025 state budget to support these reforms.

Sommad Pholsena, Vice President of the National Assembly Standing Committee, approved the proposal on 10 November during the 10th Ordinary Session of the 9th Legislature, which runs from 10 to 21 November.

Sommad Pholsena, Vice President of the National Assembly Standing Committee, at the 10th Ordinary Session of the 9th Legislature, which runs from 10 to 21 November. (Photo credit: Phouthen Pasaxon News)

The move comes amid rising living costs, with inflation reaching 4 percent in October, according to the Lao Statistics Bureau. The salary adjustment aims to help civil servants cope with increasing prices and maintain their purchasing power..

During the same session, Sommad also presented comments on the government’s report regarding the implementation of the National Socio-Economic Development Plan, the State Budget Plan, and the 9th Five-Year Monetary Plan (2021-2025). The NA noted that although GDP targets were met, per capita income and service sector growth lagged behind projections. 

Other areas requiring attention include state budget efficiency, inflation management, social development, and natural resource management. These discussions underline the importance of linking salary reforms to broader efforts to strengthen state administration, enhance economic growth, and improve living standards.

SKF hosts Capital Markets Day; announces updated strategy and new financial targets

GOTHENBURG, Sweden, Nov. 11, 2025 /PRNewswire/ — SKF is hosting its Capital Markets Day in Stockholm today. At the event, deeper insights are provided into the strategic direction of both the Industrial and the Automotive businesses post the planned separation of Automotive from SKF Group. Given different business dynamics, manufacturing processes, end markets and success drivers for the Industrial and Automotive business segments, significant value is expected to be unlocked by being two standalone businesses.

“We are creating two even sharper businesses with a clearer focus on distinct opportunities to enhance customer value, accelerate growth, as well as improve efficiency and competitiveness,” says Rickard Gustafson, President and CEO.

The increased value creation that the separation of the Automotive business is expected to bring is reflected in the new long-term targets and indicative objectives post separation for the Industrial and Automotive businesses respectively.

New financial targets

The long-term financial targets over a business cycle for SKF Group post separation of Automotive, i.e. the Industrial business, which are presented at the Capital Markets Day, are:

  • Organic growth[1]: 4%
  • Adjusted operating margin: >17% mid-term, >19% long-term
  • Cash conversion[2]: 60%
  • Adjusted return on capital employed (ROCE): 20%
  • Net leverage[3]: <2.0x
  • Dividend[4]: 50%

SKF also reconfirms its sustainability targets to decarbonize its own operations by 2030 and reach net-zero supply chain by 2050.

The Industrial business has a resilient foundation with diversified industry verticals, strong geographical coverage and an aftermarket business representing more than half of net sales. To create even more progress, SKF Industrial will reignite growth through high-growth industries and geographies, by scaling services and intelligent solutions, accelerating the Specialized Industrial Solutions business, and exploring small bolt-on M&A opportunities. Moreover, it will continue to drive innovation leadership by differentiating through customer-centric innovation. Lastly, the strategy aims at further strengthening SKF’s business-driven value chain through finalizing the ongoing regionalization and footprint optimization efforts as well as continued optimizing of the supply chain.

Financial objectives for the Automotive business

SKF’s Automotive business is a well-positioned global player in key growth segments and geographies. After the separation, SKF Automotive will be able to steer investments into high-growth and margin accretive areas while also establishing a leaner and more cost-efficient setup, in line with automotive best practice. The focus will be to continue winning in leading segments, maintaining and strengthening leadership in innovation, and expanding the addressable market. A lean company setup and an automotive-adapted value chain will increase both speed and efficiency in the business.

The long-term indicative financial objectives for the Automotive business post separation are:

  • Organic growth: Above market over a business cycle
  • Adjusted operating margin: High single digit
  • Net leverage[5]: <1.0x

Strengthened capital efficiency for the Group post separation

On its Capital Markets Day, SKF also provides an update on the ongoing footprint and value chain optimization of the Industrial business. The transformation of SKF’s footprint is targeting a rightsized as well as increasingly automated and regionalized production with higher volumes closer to customers. This will result in increased CAPEX of net sales of approximately 5% up until mid-term, while in the long term it is expected to be around 3.5%.

In addition to CAPEX, SKF has identified opportunities to reach its full potential, as reflected in the long-term earnings target of >19%, by continuing the ongoing optimization of the Industrial business. This restructuring is expected to result in high items affecting comparability (IAC), totaling approximately BSEK 5.0 from Q4 2025 through 2028, whereof approximately BSEK 1.5 is non-cash. Furthermore, the Automotive separation is expected to result in additional BSEK 1.5 of charges. Post 2028, IAC is expected to be limited.

Leveraging a consolidated and regionalized footprint and supply base is an important part of the Group’s ambition to decrease the net working capital to a normalized 29% in the mid-term and long-term below 27%.

“We continue to proactively execute on our strategic initiatives to unlock the full value of our business. The footprint optimization and separation activities will drive long-term profitability, a strengthened capital efficiency, and increase cash flow generation. All in all, it will secure the creation of two successful stand-alone businesses,” says Rickard Gustafson.

Timing of the Automotive separation

The Automotive separation is proceeding according to plan. Key milestones already achieved include that over 70% of the new positions in Automotive have been filled and more than 70% of the manufacturing channel transfers that are planned pre-spin have been completed. SKF expects, as previously announced, to be operationally ready to list the Automotive business by mid-2026. Listing is subject to the Board of Directors proposing a listing and shareholders’ approval.

About SKF Capital Markets Day

  • SKF’s Capital Markets Day is held at At Six Hotel in Stockholm, Sweden, and online.
  • The event will be held in English, and presentations will start at 13:00 (CET) and end around 17, followed by a mingle for those attending in person.
  • Registration to attend the Capital Markets Day is closed. For those not registered, the event is possible to stream at https://www.investis-live.com/skf/690e20b433139900142e7f65/cmd2025.
  • The presentation material will be available on SKF’s website on the evening of the event, and the recording of the presentations will be available the following day.
  • Agenda, speakers and practical information are found on the registration site: https://invitepeople.com/events/fee9419f2a

Questions from investors, analysts and media will be answered at the event and after. For journalists wishing to book interviews with Rickard Gustafson, President and CEO, after the event, please contact Carl Bjernstam on carl.bjernstam@skf.com.

[1] 1 p.p. above market over a business cycle excluding Automotive contract manufacturing. Consequently, the target of 4% is based on an assumption of market growth of 3%.

[2] Adj. Cash flow after investments / Adj. EBITDA.

[3] Net debt (including pensions) / Adj. EBITDA.

[4] Of average net profit.

[5] Net debt (including pensions) / Adj. EBITDA.

Aktiebolaget SKF
      (publ)

The information in this press release contains inside information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below on 11 November 2025 at 08.30 CET.

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com

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

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20251111 SKF hosts Capital Markets Day, announces updated strategy and new financial targets

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Bounteous Named to 2025 IDC FinTech Rankings Top 100 for Third Consecutive Year

CHICAGO, Nov. 11, 2025 /PRNewswire/ — Bounteous, a leading global digital transformation consultancy, has been named to the 2025 IDC FinTech Rankings Top 100 solution provider, marking the company’s third consecutive year on the list. This prestigious list represents the top global technology providers serving the financial services and fintech sectors. View the full list of providers here.

“Securing a spot in the IDC FinTech Rankings Top 100 for the third year in a row reflects our unwavering commitment to help financial institutions transform rapidly,” said Ketan Somani, President of Strategic Industries and Regional CEO, EMEA & APAC at Bounteous. “We are partnering with our clients to leverage AI and efficiently reimagine their customer journeys and experience.”

Recent Bounteous research surveying 300+ senior global executives found that more than 80% of financial services firms are already using AI in fraud detection, risk monitoring, and personalization, with nearly 70% of financial services leaders citing cost efficiency and revenue growth as dual top priorities, well above industry averages.

These investments are already delivering measurable returns in operational efficiency and customer experience, yet strategic alignment remains a major challenge. While most AI ownership sits with the CIOs and CTOs, CMs and CDOs continue to hold the lowest budget authority across all industries, leading to siloed efforts and missed opportunities. Many firms continue to prioritize short-term efficiency gains over long-term, enterprise-wide transformation.

The AI White Space: Addressing Challenges to Unlock Potential” report outlines how cross-functional collaboration can unlock AIs full potential. Bounteous partners with financial services organizations to bridge these silos, driving cross-functional governance, roadmap alignment, and customer-centric AI strategy. Download the full report here.

“IDC has been producing the IDC FinTech Rankings for 23 years, providing a list of the largest 150 financial technology providers in the world,” said Marc DeCastro, research director at IDC. “The companies on this list provide the innovation necessary to keep the financial service industry at the forefront of providing modern digital experiences, technologies and platforms across all banking, capital markets and insurance organizations.”

The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC forecasts global IT spending in financial services to reach $775 billion by 2028.

Bounteous helps financial services organizations embrace innovation to elevate customer experience and achieve operational excellence. Through its unique Co-Innovation model, Bounteous enables clients to build future-ready digital foundations.

About Bounteous
Bounteous is a premier end-to-end digital transformation consultancy dedicated to partnering with ambitious brands to create digital solutions for today’s complex challenges and tomorrow’s opportunities. With uncompromising standards for technical and domain expertise, we deliver innovative and strategic solutions in Strategy, Analytics, Digital Engineering, Cloud, Data & AI, Experience Design, Digital Experience Platforms, and Marketing. Our Co-Innovation methodology is a unique engagement model designed to align interests and accelerate value creation. Our clients worldwide benefit from the skills and expertise of over 5,000+ expert team members across the Americas, APAC, and EMEA. By partnering with leading technology providers, we craft transformative digital experiences that enhance customer engagement and drive business success. Discover more about our impactful work and expertise by visiting www.bounteous.com and following us on X, LinkedIn, Facebook, and Instagram.

Media Contact:    
Sara Vinson
DiGennaro Communications
sara.vinson@digennaro-usa.com
917-753-2955

Linda Lu of Awesome Group Honored as Master Entrepreneur at the Asia Pacific Enterprise Awards 2025 Taiwan Chapter

TAIPEI, Nov. 11, 2025 /PRNewswire/ — Linda Lu, Founder and Chairperson of Awesome Group, has been recognized with the prestigious Master Entrepreneur award at the Asia Pacific Enterprise Awards (APEA) 2025 Taiwan Chapter, organized by Enterprise Asia. This honor celebrates her transformative leadership in experiential education and social innovation, as well as her lifelong mission to empower individuals and communities through meaningful action.

Since founding Awesome Group in 1996, Linda has guided tens of thousands of learners across Taiwan through experiential leadership programs and social innovation initiatives. Under her leadership, the company has evolved into a trailblazer in leadership development, now serving over 50,000 cumulative participants and supported by a monthly network of 100 dedicated volunteers.

Linda’s visionary approach combines corporate excellence with social responsibility. In 2024, Awesome Group partnered with Hsing Wu University to launch a pioneering personal branding course, integrating experiential education into formal higher education for the first time. Building on this success, Linda forged a collaboration with Chien Hsin University of Science and Technology in 2025, creating an advanced leadership training program co-developed with academia.

Beyond the classroom, Linda has driven initiatives that directly impact communities. She spearheaded a 21-month nationwide outreach program, bringing leadership education to rural schools across 22 counties in Taiwan. This mission concluded in June 2025 at Taipei City Hall, marking a milestone in educational equity. Continuing this spirit of service, Awesome Group will donate two ambulances to Taiwan’s Fire Department in October 2025, reinforcing its commitment to social good.

As the Initiator of Leadership Action Public Service, Linda also leads monthly volunteer programs benefiting over 30 organizations supporting the physically and mentally disabled as well as other vulnerable Groups. These efforts have become a sustainable model for nurturing empathy and responsibility among learners while addressing societal needs.

Through her leadership, Linda has demonstrated that education is not just about knowledge but about action and contribution. Her philosophy of blending learning with service has redefined how leadership is cultivated in Taiwan and beyond, making Awesome Group a pioneer in both education and ESG-driven practices.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.

About Asia Pacific Enterprise Awards

Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it Groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.

JD Logistics Co., Ltd. Earns Dual Honors at the Asia Pacific Enterprise Awards 2025 Taiwan Chapter

TAIPEI, Nov. 11, 2025 /PRNewswire/ — JD Logistics Co., Ltd., a leading freight forwarding company in Taiwan, achieved a historic milestone at the Asia Pacific Enterprise Awards (APEA) 2025 Taiwan Chapter organized by Enterprise Asia, earning recognition in two prestigious categories: Master Entrepreneur and Corporate Excellence. These awards highlight both the extraordinary vision of its founder and General Manager, Mr. Chih-Hao Liu, and the company’s outstanding performance in advancing Taiwan’s logistics industry on a global scale.

Mr. Liu’s entrepreneurial journey is a story of resilience and ambition. Beginning his career in 1999 as a cargo operations staff member at EVA Air, he steadily built expertise in international air freight while cultivating a strong network of industry relationships. In 2010, driven by his dream of building his own logistics company, he founded JD Logistics with just a few million in capital and a small team. Over the years, Liu led the company through turbulent times, including the COVID-19 pandemic and the U.S.-China trade war, embracing the philosophy that “Every problem is an opportunity to invent new possibilities.” By securing cargo space through airline partnerships and expanding into Southeast Asia, JD Logistics helped clients navigate global disruptions and emerge stronger.

From its humble beginnings, JD Logistics has grown into one of Taiwan’s top 25 air freight forwarders, employing over 60 professionals and offering a comprehensive portfolio of services, including ocean freight, customs clearance, warehousing, and integrated supply chain solutions. Its strategic focus on Taiwan-Mainland China logistics has been a key driver of growth, supported by partnerships with major airlines such as China Airlines, EVA Air, and Air China, ensuring competitive pricing and reliable cargo space.

In 2024, JD Logistics achieved an impressive revenue, reflecting more than 20% year-on-year growth. Beyond business performance, the company is deeply committed to corporate social responsibility, supporting local charities, underprivileged communities, and fostering a collaborative, high-performance culture through employee development and team-building initiatives.

The dual recognition at the APEA 2025 Taiwan Chapter reflects both the exceptional leadership of Mr. Liu and the company’s unwavering commitment to excellence. From a four-desk startup to a trusted logistics partner across Asia, JD Logistics has proven that vision and innovation can redefine success in an ever-changing global landscape.

About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.

About Asia Pacific Enterprise Awards
Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.

Guo Guangchang: Fosun Strengthens Globalization Capabilities, Accelerates Innovation through Open Cooperation

HONG KONG, Nov. 11, 2025 /PRNewswire/ — On 8 November, Guo Guangchang, Chairman of Fosun International, attended the 3rd Pujiang Biopharmaceutical Original Innovation Conference 2025. During the conference, Guo Guangchang stated, “At this crucial juncture today, China’s pharmaceutical innovation is gaining increasing attention and recognition around the world. More than ever, we are convinced that original innovation is the only way forward for the industry, and open cooperation is the best way to accelerate innovation.”

With the theme of “Original Innovation, the Future of Intelligent Pharmaceuticals”, the conference brought together top scientists, policymakers, entrepreneurs, and representatives from the biopharmaceutical industry in Shanghai. They engaged in discussions around key topics such as the current landscape and challenges of innovative drugs, global cooperation strategies, AI empowerment, and cross-industry integration, collectively exploring the future development of China’s biopharmaceutical industry.

Shanghai is not only Fosun’s key development hub but also the starting point of our innovation journey,” said Guo Guangchang. From the company’s earliest days to its deep integration of core industries such as Health and Intelligent Manufacturing into the city’s development, Fosun has always grown in step with Shanghai. Especially in biopharmaceuticals, Fosun Pharma has built a global research and development (R&D) and operations network with Shanghai as its innovation hub. “We truly recognize that Shanghai’s outstanding business environment, rich talent pool, and complete industrial chain provide the most fertile ground for innovative companies to thrive.”

Innovation should always be driven by unmet clinical needs

Guo Guangchang believes that in biopharmaceuticals, “Innovation should always be driven by unmet clinical needs.”

He further explained, “Today, technology is advancing rapidly, but as a company, our resources are limited. We cannot pursue and invest in every new technology. Therefore, we thoroughly assess various innovative R&D paths based on clinical needs, seeking the most suitable and promising innovation paths. Ultimately, our key focus is on efficacy, whether it offers the potential for a cure and improves patients’ experience and quality of life.”

Since the beginning of this year, Fosun has achieved multiple breakthroughs in the field of innovative drugs. As the world’s first anti-PD-1 monoclonal antibody approved for the first-line treatment of small cell lung cancer (SCLC), HANSIZHUANG, independently developed by Henlius, has been approved for marketing in nearly 40 countries and regions, including China, the European Union, the United Kingdom, Singapore, and India, benefiting more than 110,000 patients worldwide. On 9 October, the Phase III clinical trial of HANSIZHUANG for perioperative gastric cancer met its primary endpoint, supporting an early drug application for market approval and paving the way for a “chemotherapy-free era” in gastric cancer treatment.

In addition to HANSIZHUANG, Henlius’ R&D pipeline features several highly promising innovative products. Among which, HLX43, a PD-L1-targeting antibody-drug conjugate (ADC) is undergoing clinical studies for solid tumors such as non-small cell lung cancer and thymic carcinoma in countries including China, the United States, Japan, and Australia. Currently, no PD-L1 ADC has been approved globally, positioning HLX43 as a potential highly effective and safe broad-spectrum anticancer drug.

With the goal of “curing” cancer, Fosun Kairos’ CAR-T cell therapy product Yi Kai Da (ejilunsai injection), the first CAR-T therapy approved in China, continues to advance lymphoma treatment by making it both accessible and potentially curative. Following Yi Kai Da, Fosun Kairos’ second CAR-T product, brexucabtagene autoleucel injection, has also made significant progress. Its drug registration application was accepted by the National Medical Products Administration (NMPA) in September 2025.

“Our innovation capabilities have progressed from ‘following behind’, to ‘running alongside’, and now ‘leading the race’. These achievements reflect our unwavering commitment to ‘prioritizing patient benefit above all else’,” said Guo Guangchang.

In recent years, Fosun has maintained steady development in biopharmaceuticals. Its core subsidiary, Fosun Pharma, has seen continuous growth in both revenue and net profit. Financial results show that in the first three quarters of 2025, Fosun Pharma achieved operating revenue of RMB29,393 million, and net profit attributable to shareholders of RMB2,523 million, representing a year-on-year increase of 25.5%. Among which, revenue from innovative drugs exceeded RMB6,700 million, up by 18% year-on-year.

“Revenue from innovative drugs is steadily increasing. It has now become the core driver of Fosun Pharma’s growth, further reinforcing our commitment to advancing original innovation,” Guo Guangchang said.

AI will bring transformative and disruptive advances to pharmaceutical innovation

“AI is reshaping the way innovation unfolds in the biopharmaceutical industry” was a major topic at this year’s conference. Guo Guangchang said, “Pharmaceuticals and healthcare are key areas for AI applications, and embracing AI is the way forward for innovation.”

Since 2022, Fosun has strategically laid the groundwork for AI applications and has gradually built a comprehensive digital and intelligent system covering R&D, operations, and product applications.

Fosun Pharma has taken the lead in the industry with its PharmAID decision intelligence platform. It deeply integrates leading large model technologies such as DeepSeek to achieve intelligent leaps in drug commercial decision-making, clinical trial prediction, and toxicology optimization.

In healthcare services, Fosun Health continues to explore deep AI applications in assisted diagnosis, treatment quality control, and proactive health management. It has established an internationalized service platform integrating online and offline resources, providing one-stop services from remote consultation to full patient care for individuals from Japan, Bangladesh, Indonesia, Peru, and other countries.

In medical aesthetics, Sisram has developed Alma IQ, a revolutionary intelligent skin analysis and consultation solution, and Universkin, the world’s first AI-assisted medical-grade skincare line launched in North America, setting new standards for personalized treatment.

“I believe AI holds vast and dynamic potential in pharmaceutical innovation, with advancements that will be both transformative and disruptive,” said Guo Guangchang.

Innovation is never developed in isolation without regard for reality. It requires strong open cooperation

“Innovation is never a solo endeavor or something developed in isolation without regard for reality. It is achieved through the integration of resources and the synergy of capabilities.” Guo Guangchang believes that innovation requires leveraging systematic capabilities and strong open cooperation.

He noted that with a comprehensive industrial ecosystem and diverse application scenarios, Fosun’s systematic integration capabilities can realize its full potential through open cooperation. On the one hand, Fosun continuously deepens collaboration with top global research institutes and leading institutions to accelerate the translation of academic innovations into clinical benefits for patients. On the other hand, Fosun actively responds to government policies and support measures by fostering collaboration among governments, research institutes, and enterprises to accelerate innovation.

Additionally, leveraging its global industrial ecosystem, Fosun explores new innovation paths through cross-industry integration. For example, Fosun United Health Insurance has partnered with Ruijin Hospital to launch “Ruixingbao”. Centered on “proactive health management”, it deeply integrates Ruijin Hospital’s high-quality medical resources and digital and intelligent health management into insurance services. Leveraging Fuyun Health’s smartwatch integrated with Ruijin Hospital’s health records and AI large model intelligent consultation, it makes “Ruijin Hospital’s health management department” accessible anytime, anywhere, right from your wrist or pocket.

“Through this innovative health insurance product, we hope to collaborate with more major hospitals in the future, bringing premium health services to more users,” Guo Guangchang said.

Innovation must be guided by a global vision and driven toward global expansion

“Globalization” is a key aspect of Fosun, and Guo Guangchang highlighted, “Our innovation must be guided by a global vision and driven toward global expansion.”

On one hand, Fosun continues to introduce world-leading companies and products. For example, Fosun has partnered with Intuitive Surgical to bring in the Da Vinci surgical system and establish Intuitive Surgical’s largest integrated base for R&D, manufacturing, and training in Asia in Zhangjiang, Shanghai, rapidly localizing the manufacturing of cutting-edge products. Additionally, Fosun has partnered with Insightec to develop globally advanced non-invasive treatment, the magnetic resonance image guided focused ultrasound brain therapy system (MRgFUS brain therapy system). Within just one year, the MRgFUS brain therapy system has been deployed in over 10 medical institutions in the Chinese mainland, benefiting nearly 1,000 patients.

This year’s Biopharmaceutical Original Innovation Conference coincided with the 8th China International Import Expo (CIIE) in Shanghai, where Fosun has been a “full-attendance” exhibitor for eight consecutive years. Guo Guangchang said, “The CIIE has enabled Fosun’s global innovations to continuously transform from ‘exhibits’ into ‘products’, while many overseas partners have changed their roles from ‘exhibitors’ to ‘investors’.”

Guo Guangchang emphasized that beyond “bringing innovations in”, the ability to “go global” is equally important for Fosun. Regarding global business development (BD), Henlius’ cash inflows from BD agreements in the first half of this year exceeded RMB1 billion, surging 280% year-on-year. In August 2025, two small molecule inhibitors independently developed by Fosun Pharma were consecutively licensed out for a potential total consideration of more than US$1 billion.

Guo Guangchang believes that for Chinese pharmaceutical companies to gain a competitive edge in the global market, they must not only build strong R&D pipelines and capitalize on BD achievements, but also develop robust global capabilities in clinical trials, regulatory affairs, and sales.

After more than a decade of efforts, Fosun Pharma has steadily built global capabilities in R&D, regulatory affairs, BD, and marketing, with plans for continuous improvements. “I believe this path will be challenging but it is essential for Fosun Pharma and for China’s innovative drug industry to maintain long-term competitiveness and compete with major global pharmaceutical companies,” said Guo Guangchang.

Looking ahead, Guo Guangchang said, “Fosun hopes to join hands with partners from various industries. Building on Shanghai’s vibrant innovation hub and committed to addressing the needs of patients worldwide, we aim to jointly build a world-class Chinese pharmaceutical company and fulfill our vision of helping more people live healthily and happily to the age of 121.”