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Tsim Sha Tsui Retained Its Position as the World’s Fourth Most Expensive Shopping Street

  • In the 35th edition of Cushman & Wakefield’s Main Streets Across The World report, Hong Kong’s Tsim Sha Tsui maintains its global ranking position as the world’s 4th most expensive retail street; whilst the area continued to top the APAC ranking as region’s the most expensive retail destination
  • Rents on New Bond Street ($2,231 per square foot per year) have leapfrogged Milan’s Via Montenapoleone and New York’s Upper Fifth Avenue to top the global rankings
  • 58% of tracked retail streets saw rent increases, reflecting demand for space far exceeding availability

HONG KONG SAR – Media OutReach Newswire – 19 November 2025 – London’s New Bond Street, where rents have risen by 22% in the past year to $2,231 per square foot per year (psf/yr), has been crowned the world’s most expensive retail destination for the first time, according to Cushman & Wakefield (NYSE: CWK).

New Bond Street has leapfrogged Milan’s Via Montenapoleone ($2,179 psf/yr), which last year became the first European street to top the global rankings, and New York’s iconic Upper Fifth Avenue ($2,000 psf/yr), in the 35th edition of the firm’s flagship retail report ‘Main Streets Across the World’.

New Bond Street’s rental growth has been fuelled by strong demand and limited supply, with the prime jewellery section between Clifford Street and Burlington Gardens becoming one of the most fiercely contested locations in global retail.

Globally, rents grew on average at 4.2% with 58% of markets experiencing rental growth. The Americas led regional rental growth at 7.9%, driven by currency effects in South America. Europe experienced steady 4% year-on-year (y-o-y) growth, with standout performances in Budapest and London. Meanwhile rents in Asia Pacific slowed to 2.1%, with strong growth in India and Japan offset by economic headwinds in Greater China and Southeast Asia.

Report author and Cushman & Wakefield’s Head of International Research, Dr. Dominic Brown, said:

“Prime retail corridors are benefiting from a convergence of factors including resilient economic growth, easing cost of living pressures, and a renewed appetite for discretionary spending. While growth trajectories will vary by market, the strength of flagship locations is clear. We’ve seen exceptional double-digit rental growth in select cities, even as others face pressure. The continuing importance of physical retail, particularly for deep and meaningful brand engagement in places where consumers want to be, reinforces the enduring appeal of the world’s premier shopping streets and we expect this momentum to strengthen as global conditions improve.”

Table 1: Main Streets Across the World – Global Ranking by Market 2025

Global Ranking 2025 Global Ranking 2024 Location Rent (USD/sq.ft/yr) Rent (EUR/sqm/yr) YOY (LCY)
1 3 New Bond Street, London $2,231 €20,482 22%
2 1 Via Montenapoleone, Milan $2,179 €20,000 0%
3 2 Upper Fifth Avenue (49th to 60th Sts), New York $2,000 €18,359 0%
4 4 Tsim Sha Tsui (main street shops), Hong Kong $1,515 €13,907 -6%
5 5 Avenue des Champs Élysées, Paris $1,364 €12,519 0%
6 6 Ginza, Tokyo $1,257 €11,538 10%
7 7 Bahnhofstrasse, Zurich $1,051 €9,644 0%
8 8 Pitt Street Mall, Sydney $795 €7,294 4%
9 9 Myeongdong, Seoul $653 €5,997 1%
10 10 Kohlmarkt, Vienna $601 €5,520 2%
Source: Cushman & Wakefield

Asia Pacific highlights

Rental growth in Asia Pacific slowed from 2.8% in 2024 to 2.1% in 2025, though performance varied widely across markets. India’s Tier 1 cities led the region, with Gurgaon’s Galleria Market recording a 25% increase, followed by Connaught Place in New Delhi (14%) and Kemps Corner in Mumbai (10%). Japan’s Ginza and Omotesando in Tokyo saw strong growth of 10% and 13% respectively, while rents in Hong Kong’s Tsim Sha Tsui declined by 6% to $1,515 psf/yr. Sydney’s Pitt Street Mall recorded modest growth of 4%, reaching $795 psf/yr, marking a return to positive momentum after years of stagnation.

Hong Kong continued to feature strongly on the global rankings, holding its position as the fourth most expensive shopping location worldwide and the most expensive in the APAC region. Cushman & Wakefield’s Hong Kong Managing Director John Siu, said:

“We are pleased to see Hong Kong firmly maintaining its position as one of the world’s premier retail destinations, with Tsim Sha Tsui once again topping the list as the most expensive retail destination in the APAC region. This reflects the steady growth in visitor arrivals to Hong Kong, coupled with the government’s proactive efforts to promote tourism and the ‘mega events economy,’ which have supported more tourist spendings and boosted leasing activity among retail brands in prime street locations. In fact, since the border reopening, the market has recorded a series of leasing transactions involving retail brands opening their first stores in Hong Kong, most of which have chosen to establish their initial presence in the four core shopping districts. We believe that in the short to medium term, in addition to sustained activity from domestic brands, the market will continue to see more leasing activity from retail brands across the APAC region.”

Table 2: Main Streets Across the World – Asia Pacific Ranking by Location 2025

APAC Ranking 2025 APAC Ranking 2024 Market City Location Rent (USD/sf/yr) Rent (EUR/sqm/yr) YOY (LCY)
1 1 Greater China Hong Kong Tsim Sha Tsui (main street shops) $1,515 €13,907 -6%
2 2 Greater China Hong Kong Causeway Bay (main street shops) $1,374 €12,610 -4%
3 3 Japan Tokyo Ginza $1,257 €11,538 10%
4 4 Japan Tokyo Ometesando $1,028 €9,441 13%
5 5 Japan Osaka Midosuji $914 €8,392 14%
6 6 Australia Sydney Pitt Street Mall $795 €7,294 4%
7 7 Greater China Hong Kong Central (main street shops) $726 €6,669 1%
8 8 Japan Tokyo Shinjuku $686 €6,294 0%
9 9 South Korea Seoul Myeongdong $653 €5,997 1%
10 10 South Korea Seoul Gangnam Station $578 €5,302 4%

Source: Cushman & Wakefield

Link to the full report and full global rankings here: LINK
Hashtag: #CushmanWakefield #GlobalRetailStreets #RetailRealEstate #LuxuryRetail #PrimeRetail #HongKongRetail #APACRetail #MarketResearch #RetailTrends #CommercialRealEstate

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit or follow us on LinkedIn ().

LFC welcomes PayPal as club’s official digital payments partner

LONDON, Nov. 19, 2025 /PRNewswire/ — Liverpool FC is proud to welcome PayPal as the club’s official digital payments partner in a new global, multi-year deal. This marks PayPal’s first-ever collaboration with a Premier League club, further positioning the company as the smarter way to pay for football fans globally.

LFC x PayPal
LFC x PayPal

A global leader in digital payments, PayPal has over 400 million active accounts across 200 markets, supporting transactions in 25 currencies. With decades of expertise in secure, fast, and flexible payment solutions, PayPal is set to enhance the way Liverpool FC fans engage with the club and football experiences, both online and in person.

One of the ways this will happen is via PayPal+, the company’s brand-new, first-ever free loyalty programme, where fans can earn reward points when using PayPal to pay for matchday purchases1, adding to the experience and elevating engagement. And loyalty will be rewarded. Starting at the Blue tier, consumers unlock Gold and Black tiers as they earn more points, with each tier recognising loyalty with even bigger rewards. Gold and Black tier members enjoy points worth up to 50% more at checkout, along with access to other exclusive Liverpool FC perks.

PayPal, already available as a payment option across LFC’s digital platforms, will also become the club’s preferred digital payment method. As part of this enhanced integration, PayPal will be featured more prominently on checkout and payment screens across the club’s ecommerce and All Red platforms, making it even easier and more seamless for fans to complete their transactions securely and efficiently. PayPal branding will also appear in Anfield and St Helens during matches.

Through this collaboration, LFC and PayPal will collaborate on initiatives that elevate the profile of LFC Women and expand grassroots football programmes through LFC Foundation, helping to nurture the next generation of talent and grow the game at all levels.

Ben Latty, Chief Commercial Officer at Liverpool FC, said: “PayPal is the original brand known for trust in digital payments, and we’re delighted to welcome them to the LFC family. Their expertise in powering payments around the world makes them the ideal partner to help us elevate the experience for supporters worldwide.”

“This partnership is an exciting step forward in our commitment to innovation, ensuring fans can engage with the club in a seamless and secure way. PayPal’s dedication to supporting women’s football and grassroots development also aligns perfectly with our values and future focus, making this collaboration even more meaningful.”

Geoff Seeley, Chief Marketing Officer at PayPal, said: “Our global collaboration with LFC reinforces our relationship with sports fans everywhere, building on our world class professional and collegiate sports partnerships around the world.

We’re offering customers a seamless and flexible experience that rewards them for doing something they love, whether buying the new kit or grabbing a pint at the match and settling up with friends later—PayPal is the smarter way to pay for LFC and sports fans globally.”

About PayPal
For over 25 years, PayPal has been at the forefront of the digital commerce revolution. Creating innovative experiences that make moving money, selling, and shopping simple, personalised, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit: https://www.paypal.com, https://about.pypl.com/, and https://investor.pypl.com/.

Press contacts
Matt Crowhurst, PayPal – mcrowhurst@paypal.com

1 Rewards are earned as points under the PayPal+ rewards programme. To start earning, you must be enrolled in PayPal+. If you are not yet enrolled, you can sign up the PayPal app. PayPal+ Terms and conditions apply.

 

Phemex Launches $6 Million, Multi-Venue Festival to Celebrate Its 6th Anniversary

APIA, Samoa, Nov. 19, 2025 /PRNewswire/ — Phemex, a user-first crypto exchange, announces a month-long anniversary campaign featuring $6 million in rewards, running from November 19 to December 19, 2025. The celebration follows a milestone year in which the platform expanded from 6 million to over 10 million users and completed a full rebrand, underscoring its growth into a diversified crypto trading ecosystem.

Phemex Launches $6 Million, Multi-Venue Festival to Celebrate Its 6th Anniversary
Phemex Launches $6 Million, Multi-Venue Festival to Celebrate Its 6th Anniversary

The campaign spans five core venues, each offering tailored rewards for different trading behaviors. Prizes range from Rolex watches and iPhone 17 Pro Max devices to broad-based reward pools distributed across everyday trading activities.

On Spot, users gain access to 0-fee trading and CandyDrop token rewards. Futures participants can enter a trading competition, open lucky boxes, and compete for premium prizes. In Earn, users can explore flexible and fixed products with competitive APYs. Fiat users benefit from zero-fee card deposits throughout the period, while Referral missions provide additional bonuses for community-driven participation.

Federico Variola, CEO of Phemex, commented: “Our platform now serves traders with distinct habits and goals, so our anniversary campaign is designed in the same way — multiple venues, real utility, and rewards that match how people actually use Phemex. It reflects the broader strategy behind our ecosystem expansion.”

As Phemex enters its seventh year, the exchange will continue rolling out seasonal events, trading festivals, product upgrades, and global community programs. The 6th anniversary campaign marks only the beginning of a broader series of initiatives designed to strengthen user connection while making the platform more interactive, rewarding, and fun. More updates and celebrations will be announced throughout the season.

About Phemex

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.

For more information, please visit: https://phemex.com/

KuCoin Expands Fast Trade with Global Sell-to-Card Capability, Supporting 41 Fiat Currencies

PROVIDENCIALES, Turks and Caicos Islands, Nov. 19, 2025 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, has announced a significant upgrade to its Fast Trade suite with the global expansion of Sell Crypto to Card. Users can now seamlessly convert USDT into 41 fiat currencies and withdraw funds directly to their Visa or MasterCard bank cards, delivering a faster, more secure, and more convenient off-ramp experience.


The enhanced feature offers near-instant access to local currencies across major markets with strong crypto adoption. With most transfers arriving within minutes, users can rely on KuCoin’s robust security and compliance framework to ensure smooth and protected settlements.

This expansion underscores KuCoin’s commitment to making crypto-to-fiat transitions simple, accessible, and reliable, giving users greater flexibility to meet everyday financial needs.

By supporting a wide range of localized currencies, the upgraded Sell to Card function provides a fast and secure way for users to move between crypto and traditional finance. The feature is designed for maximum convenience, offering quick arrivals alongside strong protective measures to enhance how users manage and utilize their digital assets.

To mark the launch, KuCoin is rolling out a global promotion featuring zero-fee perks and a 45,000 USDT reward pool. Early participants can enjoy premium benefits, bonus rewards, and a faster, more seamless off-ramp experience. Looking ahead, KuCoin plans to support more cryptocurrencies and local fiat currencies through this feature.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust, serving over 40 million users across 200+ countries and regions. With established recognition for its reliability, the platform leverages cutting-edge blockchain technology, robust liquidity solutions, and advanced user account protections to deliver a secure trading environment. KuCoin offers access to 1,000+ digital assets and solutions, including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognised by Forbes as one of the “Best Crypto Apps & Exchanges” and a “Top 50 Global Unicorn” by Hurun. KuCoin holds SOC 2 Type II, ISO 27001:2022, ISO 27701:2025, and CCSS certifications and is committed to security, compliance, and innovation under the leadership of CEO BC Wong. Notably, KuCoin is the only top global exchange to have achieved all four major security certifications, underscoring its industry-leading standards in safeguarding user assets.

Learn more: https://www.kucoin.com

Waterdrop Inc. to Report Third Quarter 2025 Financial Results on December 3, 2025

BEIJING, Nov. 19, 2025 /PRNewswire/ — Waterdrop Inc. (NYSE: WDH) (“Waterdrop” or the “Company”), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2025, before U.S. markets open on Wednesday, December 3, 2025.

Waterdrop’s management team will hold a conference call on December 3, 2025 at 7:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day) to discuss the financial results. Dial-in details for the earnings conference call are as follows:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Hong Kong Toll Free:

800-963976

Hong Kong:

852-58081995

Mainland China:

4001-206115

Chinese Line (Mandarin) Entry Number:

7542307

English Interpretation Line (Listen-only Mode) Entry Number:

0716285

Participants can choose between the Chinese and the English interpretation lines. Please note that the English interpretation option will be in listen-only mode. Please dial in 15 minutes before the call is scheduled to begin and provide the Elite Entry Number to join the call.

Telephone replays will be accessible two hours after the conclusion of the conference call through December 10, 2025 by dialing the following numbers:

United States Toll Free:

1-855-669-9658

International Toll:

1-412-317-0088

Chinese Line Access Code:

8770407

English Interpretation Line Access Code:

6961259

Additionally, live and archived webcasts of the conference call will be available at the Company’s investor relations website at http://ir.waterdrop-inc.com/.

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

For investor inquiries, please contact

Waterdrop Inc.
IR@shuidi-inc.com

AgiBot Fuels CIIE 2025 with Full‑Scene Support, Embodied Intelligence Accelerates Commercial Deployment

SHANGHAI, Nov. 19, 2025 /PRNewswire/ — On the morning of November 5, 2025, the 8th China International Import Expo (CIIE) opened at the National Exhibition and Convention Center (Shanghai). As a leading enterprise in the field of embodied intelligence, AgiBot participated deeply in the exhibition with a comprehensive product matrix, presenting a layout featuring “two themed zones + multi‑point service”. On the opening day, the AgiBot X2 stole the show with a live performance that incorporated the intangible cultural heritage, demonstrating an innovative fusion of technology and culture and becoming one of the prominent highlights of the event.


CIIE 2025 Tech Showstopper: AgiBot’s Robots Steal the Global Stage!

Two Themed Zones: Tech-Art Integration and Real-World Intelligent Service Deployment

In Hall 5.1, AgiBot’s booth attracted a large number of visitors. A unique robot flash dance became the focus: AgiBot X2, A2, and the quadruped D1 Ultra performed coordinated routines, accurately executing pop choreography while creatively incorporating elements of the traditional fans in the dance and a viral online meme. The joint motion error was controlled at the millimeter level, and transitions – fan swings, turns, and more – were as smooth as those of human dancers. The appealing choreography prompted audience members to film and share the moment, providing a practical and demonstrable template for the commercial application of embodied intelligence in cultural tourism and live entertainment sectors.

At AgiBot’s booth, audiences capture the live performance of humanoid robots.
At AgiBot’s booth, audiences capture the live performance of humanoid robots.

In Hall 3 – the AI experience zone, AgiBot and the Bank of China co‑created a technology-driven intelligent service area. The AgiBot A2 acted as an “intelligent banking assistant,” delivering end‑to‑end services in the retail banking scenario: greeting customers through voice interaction, identifying customers’ needs, delivering beverages while navigating around crowds via visual perception, and even performing light entertainment while proactively introducing the bank’s products. This not only delivered practical services but also enhanced marketing exposure and audience engagement.

Visitor interacts with AgiBot A2 at CIIE
Visitor interacts with AgiBot A2 at CIIE

Notably, AgiBot’s LinkCraft content‑creation platform was opened to the public at a major expo for the first time. Visitors with no programming background could shoot a short motion clip (such as a heart sign or a wave) on their phone, and the platform would enable AgiBot X2 to replicate the motion on a one-to-one basis. One attendee successfully taught the robot a CIIE‑specific gesture within minutes, vividly demonstrating the “zero‑barrier” interaction capability of the robot.

Additionally, the AgiBot G1 demonstrated nearly 100% accuracy in multi‑category parcel sorting within a logistics scenario. Its flexible grasping technology adapts to packages of varying sizes and materials, offering intelligent and deployable solutions for smart logistics industry.

Multi-Scenario Services at CIIE: Robots Serving as Cultural Ambassadors and Intelligent Concierges

At the China Pavilion, AgiBot A2 served as a cultural ambassador. In front of the national pavilion’s large entrance screen, it delivered voice‑linked explanations about the design concepts of the pavilion and the cultural stories behind the exhibits. At the exit, it held a brush to write the character “Fu” (good fortune) in calligraphy, then mounted and presented the framed piece to visitors. This engaging fusion of traditional calligraphy and modern robotics that brought Chinese culture to life for international visitors.

In the Shanghai Pavilion, AgiBot A2 and X2 functioned as guides and interactive performers. AgiBot A2 autonomously navigated the space to introduce highlights and cultural background of the pavilion, while AgiBot X2 provided photo interactions and dynamic performances, allowing visitors to experience both the cultural charm of the city and the joy of cutting‑edge technology.

In the press center, AgiBot deployed a full‑process service matrix. AgiBot A2 leveraged its extensive knowledge base to respond swiftly to media inquiries about exhibitors and hall layouts. AgiBot X2 explained promotional materials in the media exhibition area, helping journalists obtain information efficiently, and AgiBot G2 distributed beverages and snacks in the refreshment area, supporting the smooth workflow of the media with technology-enabled services.

Across the core exhibition areas, from the integration of technology and art to commercial deployment and in-depth participation in public services, AgiBot did not simply display products, it actively participated as a service provider in expo operations. This strength stems from its landmark achievements in 2025: in May 2025, it launched the world’s first full-size humanoid robot certified by China, the US and Europe; in July 2025, it completed the world’s first industrial deployment with continuous on-site operations and rolled out Lingqu OS, the world’s first embodied intelligent operating system. Backed by these breakthroughs, AgiBot’s solutions are ready for large-scale deployment, showing to global audiences that embodied intelligence is not a futuristic concept but a practical tool that already addresses real-world problems. AgiBot will continue to deepen technological innovation and drive widespread adoption of embodied intelligence in more commercial fields.

LONGi Releases Fourth Climate Action White Paper, Aims for Net-Zero Emissions Across Full Value Chain by 2050

BELÉM, Brazil, Nov. 19, 2025 /PRNewswire/ — At the “For Shared Future: Accelerating Climate Action with Innovation” themed event during the 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change, LONGi officially released its “2024-2025 Climate Action White Paper of LONGi.” This marks the fourth Climate Action White Paper released by LONGi since 2021. The report is the first to comprehensively benchmark against the International Transition Plan Task Force disclosure framework and the IFRS S2 Climate-related Disclosures standard, systematically outlining the strategic ambition and implementation pathway to “achieve net-zero emissions across the entire value chain by 2050.”

At the " For Shared Future:Accelerating Climate Action with Innovation" themed event during the 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change, LONGi officially released its "2024-2025 Climate Action White Paper of LONGi."
At the ” For Shared Future:Accelerating Climate Action with Innovation” themed event during the 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change, LONGi officially released its “2024-2025 Climate Action White Paper of LONGi.”

“Addressing climate change is a systemic project requiring global collaboration. The value of an enterprise is reflected not only in its economic benefits but also in its contributions to our planetary home,” stated Li Zhenguo in his address. He proposed four key initiatives: building an open innovation ecosystem, advancing energy equity and accessibility, deepening global cooperation mechanisms, and improving green development policies, calling on all sectors worldwide to move “from commitment to implementation.”

As the first photovoltaic manufacturer in China to have its targets validated by the Science Based Targets initiative (SBTi), LONGi further specifies its phased targets in this white paper: by 2030, reduce Scope 1 and Scope 2 emissions by 60% compared to 2020, and reduce Scope 3 emission intensity by 52%. The company commits to completing charging facility coverage at all operational sites by 2030.

To achieve these goals, LONGi has detailed its emission reduction pathway into five pillars: Operational Decarbonization, Value Chain Collaboration, Product Carbon Footprint Management, Climate Solutions Development, and Promoting a Just Transition. These are supported by quantified indicators and annual tracking mechanisms, forming a “quantifiable, traceable, and verifiable” climate governance closed loop.

Reportedly, LONGi’s total operational carbon emissions in 2024 were 3,184,782 tons of CO2 equivalent. While this represents a 23.8% increase compared to 2020 due to business expansion, it signifies a 37% decrease from the peak level in 2023. Specifically, Scope 1 emissions decreased by 8.0%, and Scope 2 emissions decreased by 37.0%, demonstrating substantial progress in energy efficiency improvements and green electricity substitution.

In 2024, LONGi implemented 477 electricity-saving technical renovation projects, expected to save 426 million kWh annually, equivalent to reducing emissions by 250,000 tons of CO2. The Group’s overall electricity consumption per unit decreased by 10.7% year-on-year. Electricity consumption per unit for various manufacturing stages – monocrystalline pulling, wafer slicing, cell production, and module production – decreased by 4.27%, 13.6%, 26.0%, and 19.1% respectively, all exceeding annual targets. Regarding energy structure optimization, LONGi used 4.746 billion kWh of renewable electricity in 2024, accounting for 47.5% of its total electricity consumption, an increase of 5.7 percentage points from 2020.

2024-2025 Climate Action White Paper of LONGi
2024-2025 Climate Action White Paper of LONGi

From proposing the “Solar for Solar” vision, to becoming the first in the industry to pass SBTi validation, and now to releasing this white paper fully benchmarked against international standards, LONGi is progressively transforming from a single PV product supplier into a builder and advocate of a zero-carbon energy ecosystem.

As Li Zhenguo stated, “The green transition is not just a responsibility, but also a new development opportunity.” On the stage of COP30 in Brazil, LONGi presented the world with a detailed, transparent, and actionable roadmap, demonstrating the determination and capability of Chinese companies in addressing the climate crisis. This matters not only for the sustainable development of one enterprise but is also set to become a significant bellwether for the low-carbon transition of the Chinese and global PV industry.

DHL Express strengthens Penang connectivity with additional capacity to support trade momentum

  • Plying the Hong Kong-Penang route, the daily dedicated flight is now operated on a Boeing 767 freighter, offering an added capacity of 20 tons per flight
  • The network upgrade aligns with Penang and Malaysia’s robust trade trajectory, driven in part by tech and semiconductor sectors

SINGAPORE – Media OutReach Newswire – 19 November 2025 – DHL Express has optimized its network with additional capacity for its Hong Kong and Penang route. The upgraded route will be served by a Boeing 767 freighter, replacing the previous Airbus A321, providing the network with an additional 20 tons of cargo capacity per flight.

DHL Express optimizes network with additional capacity for Hong Kong and Penang route
DHL Express optimizes network with additional capacity for Hong Kong and Penang route

Operating daily with its partner Raya Airways, DHL aims to support the rising demand for time-sensitive shipments from technology and semiconductor manufacturers in Malaysia’s northern manufacturing hub. The Boeing 767 freighter will offer enhanced payload and range capabilities, accommodating more shipments and ensuring customers in Penang are better connected to their trading partners in Hong Kong and beyond.

“For decades, Penang has been an attractive destination for tech giants, and we are proud of our strong footprint and network that has contributed to that growth,” said Peter Bardens, Senior Vice President for Network Operations & Aviation – Asia Pacific, DHL Express. “By introducing a larger aircraft and a daily schedule, we’re not only increasing capacity but also reinforcing our dedication to connecting Asia’s innovation hubs with the rest of the world. As trade lanes alter, we remain focused on maintaining our network’s flexibility and agility to cater to changing customer needs.”

This strategic enhancement reflects DHL’s commitment to supporting Malaysia’s growing role in global supply chains, particularly in the electronics and semiconductor sectors. The move comes as Penang continues to attract high-value investments and expand its footprint in the global tech ecosystem. The state recently recorded a significant manufacturing investment of approximately EUR2.56 billion (RM12.5 billion) in the first half of 2025, a 150% increase compared to the same period in 2024.

“The network enhancement aligns with findings from the DHL Global Connectedness Tracker 2025, which shows that Asia Pacific is increasingly playing a central role in global trade, despite geopolitical tensions and tariff disruptions. Intra-Asia trade continues to show momentum, with Malaysia being ranked among the top 10 fastest-growing trading nations globally in the first half of 2025,” said Julian Neo, Country Manager, DHL Express, Malaysia.

“Our partnership with DHL Express has grown over the years through operational reliability and close collaboration. The introduction of the Boeing 767 further strengthens our support for Penang’s expanding electrical and electronics industries, while enhancing Malaysia’s connectivity to global markets. We look forward to continuing this partnership as we grow our capacity and serve the evolving needs of our customers,” said Mohamad Najib Ishak, Group Managing Director, Raya Airways.

Malaysia’s trade value growth underscores its resilience and rising importance in global supply chains, amid shifting trade dynamics. It is one of the 20 markets globally that DHL Group has identified with the highest growth potential. The recently concluded DHL GoTrade Summit 2025, held for the first time outside Germany in Kuala Lumpur, also underscores the logistics provider’s commitment to elevating local enterprises and reinforcing Malaysia’s position as a key player in the global marketplace.

Note to editor: Do visit recently published articles on DHL’s Logistics of Things on trade:

Hashtag: #DHLExpress #NetworkOperations #Aviation


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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of more than 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.