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Waterdrop Inc. Announces Second Quarter 2025 Unaudited Financial Results and a Cash Dividend

By
Advertorial Desk
-

BEIJING, Sept. 4, 2025 /PRNewswire/ — Waterdrop Inc. (“Waterdrop”, the “Company” or “we”) (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced its unaudited financial results for the three and six months ended June 30, 2025 and a cash dividend.

Financial and Operational Highlights for the Second Quarter of 2025

  • Further improvement in profitability: In the second quarter of 2025, net profit attributable to our ordinary shareholders reached RMB140.2 million (US$19.6 million), representing a solid increase of 58.7% year-over-year. We continued to generate positive operating cash flow during the second quarter of 2025.
  • Significant growth in insurance premiums: The first-year premiums (“FYP”) generated through our insurance business reached RMB3,204.3 million (US$447.3 million) during the second quarter of 2025, representing an increase of 80.2% year-over-year. Net operating revenue was RMB838.0 million (US$117.0 million), representing an increase of 23.9% year-over-year.
  • Medical crowdfunding coverage: As of June 30, 2025, around 480 million people had cumulatively donated an aggregate of RMB70.0 billion to 3.54 million patients through Waterdrop Medical Crowdfunding.
  • Patient recruitment performance: As of June 30, 2025, the Company had cumulatively enrolled 12,216 patients into 1,385 clinical trial programs through the E-Find Platform.

Mr. Peng Shen, Founder, Chairman, and Chief Executive Officer of Waterdrop, commented, “We are proud to announce that we have delivered strong revenue and profit, fueled by the further integration of AI into our sales and service processes.

The insurance business delivered an exceptional quarter. Year-over-year, FYP grew by 95.0% in short-term policies and 45.4% in long-term ones. This robust growth drove significant increases in both segment revenue and operating profit, expanding the operating margin by 2 percentage points. These results underscore the effectiveness of our strategic focus on enhanced user acquisition, accelerated product iteration, and the implementation of AI-enhanced services.

Our “Waterdrop Guardian” AI Application Suite constantly evolves, either interacting directly with end users or empowering our online consultants behind the scenes. Premiums facilitated by ‘AI Medical Insurance Expert’ climbed 155% compared to the previous quarter. ‘AI Customer Service Agent’ resolved 60% of inquiries on first contact, enhancing user experience. ‘Life Planner Copilot’ has handled 300,000 insurance product-related consultations from our online consultants, driving a double-digit productivity growth in Q2. We recently launched ‘KEYI.AI’, a real-time AI underwriting assistant for consultants, with plans to extend its availability to industry partners later this year.

On a separate note, we completed the acquisition of the remaining equity in Shenlanbao in June and anticipate further accelerating synergies.

During the second quarter, Waterdrop Medical Crowdfunding upgraded its risk assessment capabilities. A large-language-model (“LLM”) engine now scans every campaign’s content, comments and hidden clues, feeding insights into a smart matrix that tracks 15 high-risk scenarios, and refines itself to identify risks more accurately. Additionally, this quarter we partnered with Guangzhou’s Civil Affairs Bureau to launch ‘Waterdrop Co-Help’, the first project under our new designation as a government-endorsed platform that integrates social and public welfare resources.

In this quarter, E-Find Platform expanded its collaboration to 198 pharmaceutical and contract research organizations. Meanwhile, we initiated services for 114 new programs. The number of patients enrolled also reached a historic high, with 999 patients enrolled in the second quarter of 2025, representing a 34.2% year-over-year revenue growth.

With a commitment to superior shareholder returns, we are pleased to announce that our board of directors of the Company (the “Board”) has recently approved an enhanced cash dividend of US$10.9 million, representing a 50% increase over the previous dividend. The Board has also authorized a fifth annual share repurchase scheme. Since the launch of our first share repurchase program in 2021, we have repurchased approximately 55.7 million ADSs for US$109.0 million as of August 31, 2025.

Looking ahead to the second half of 2025, we will strive to deliver both top-line and bottom-line growth. We believe that tech-driven innovation is the core strategy and source of business excellence, and look forward to delivering a compelling success story, as well as value to our users, partners and shareholders.” 

Financial Results for the Second Quarter of 2025

Operating revenue, net

Net operating revenue for the second quarter of 2025 increased by 23.9% year-over-year to RMB838.0 million (US$117.0 million) from RMB676.2 million for the same period of 2024. On a quarter-over-quarter basis, net operating revenue increased by 11.2%.

  • Insurance-related income includes insurance brokerage income and technical service income. Insurance brokerage income represents brokerage commissions earned from insurance companies. Technical service income is derived from providing technical services including risk control technical service, user analytics and intelligent recommendation service, customer relationship maintenance, customer complaint management, claim review, and user referral services, among other things, to insurance companies, insurance brokers, and agency companies. Our insurance-related income amounted to RMB738.6 million (US$103.1 million) in the second quarter of 2025, representing an increase of 28.7% year-over-year from RMB573.8 million for the second quarter of 2024, which was mainly due to the increase in technical service income. On a quarter-over-quarter basis, insurance-related income increased by 12.2%.
  • Crowdfunding service fees represent the service income earned when patients successfully withdraw the proceeds from their crowdfunding campaigns. Our role is to operate the Waterdrop Medical Crowdfunding platform to provide crowdfunding related services through the internet, enabling patients with significant medical bills to seek help from caring hearts through technology (the “medical crowdfunding services”). Our medical crowdfunding services generally consist of providing technical and internet support, managing, reviewing and supervising the crowdfunding campaigns, providing comprehensive risk management and anti-fraud measures, and facilitating the collection and transfer of the funds. For the second quarter of 2025, we generated RMB67.4 million (US$9.4 million) in service fees, representing a slight decrease of 2.7% year-over-year from RMB69.3 million for the second quarter of 2024. On a quarter-over-quarter basis, crowdfunding service fees remained stable.
  • Digital clinical trial solution income represents the service income earned from our customers mainly including biopharmaceutical companies and leading biotechnology companies. We match qualified and suitable patients for enrollment in clinical trials for our customers and generate digital clinical trial solution revenue for successful matches and we typically charge our customers a fixed unit price per successful match. For the second quarter of 2025, our digital clinical trial solution income amounted to RMB27.7 million (US$3.9 million), representing an increase of 34.2% from RMB20.7 million in the same period of 2024. On a quarter-over-quarter basis, digital clinical trial solution income increased by 20.6%.

Operating costs and expenses

Operating costs and expenses increased by 18.7% year-over-year to RMB740.6 million (US$103.4 million) for the second quarter of 2025. On a quarter-over-quarter basis, operating costs and expenses increased by 9.3%.

  • Operating costs increased by 30.5% year over year to RMB416.5 million (US$58.1 million) for the second quarter of 2025, as compared with RMB319.1 million for the second quarter of 2024, which was primarily driven by (i) an increase of RMB73.4 million in costs of referral and service fees, (ii) an increase of RMB10.8 million in the costs for the crowdfunding consultants team, and (iii) an increase of RMB7.0 million in personnel costs. On a quarter-over-quarter basis, operating costs increased by 11.3% from RMB374.2 million, primarily due to (i) an increase of RMB25.0 million in costs of referral and service fees, and (ii) an increase of RMB7.3 million in personnel costs. 
  • Sales and marketing expenses increased by 26.3% year-over-year to RMB198.8 million (US$27.7 million) for the second quarter of 2025, as compared with RMB157.4 million for the same quarter of 2024. The increase was primarily due to an increase of RMB44.3 million in marketing expenses for third-party traffic channels. On a quarter-over-quarter basis, sales and marketing expenses increased by 15.3% from RMB172.4 million, primarily due to an increase of RMB25.4 million in marketing expenses for third-party traffic channels.
  • General and administrative expenses decreased by 21.9% year-over-year to RMB73.4 million (US$10.2 million) for the second quarter of 2025, compared with RMB94.0 million for the same quarter of 2024. The year-over-year variance was due to (i) a decrease of RMB13.4 million in allowance for credit losses, and (ii) a decrease of RMB6.0 million in professional service fees. On a quarter-over-quarter basis, general and administrative expenses decreased by 2.1% from RMB74.9 million, due to our effective cost control measures.
  • Research and development expenses remained stable at RMB51.9 million (US$7.3 million) for the second quarter of 2025, maintaining nearly the same level as RMB53.3 million for the same period of 2024. On a quarter-over-quarter basis, research and development expenses decreased by 7.6% from RMB56.2 million. The decrease was primarily due to a decrease of RMB3.8 million in personnel costs and share-based compensation expenses.

Operating profit for the second quarter of 2025 was RMB97.3 million (US$13.6 million), as compared with RMB52.4 million for the second quarter of 2024 and RMB75.9 million for the first quarter of 2025.

Interest income for the second quarter of 2025 was RMB29.5 million (US$4.1 million), as compared with RMB37.5 million for the second quarter of 2024 and RMB33.8 million for the first quarter of 2025, which was mainly due to the decrease of cash position.

Income tax benefit for the second quarter of 2025 was RMB2.9 million (US$0.4 million), as compared with income tax expense of RMB7.0 million for the second quarter of 2024 and RMB13.3 million for the first quarter of 2025.

Net profit attributable to the Company’s ordinary shareholders for the second quarter of 2025 was RMB140.2 million (US$19.6 million), as compared with RMB88.3 million for the same period of 2024, and RMB108.2 million for the first quarter of 2025.

Adjusted net profit attributable to the Company’s ordinary shareholders (non-GAAP(1)) for the second quarter of 2025 was RMB151.6 million (US$21.2 million), as compared with RMB108.7 million for the same period of 2024, and RMB130.0 million for the first quarter of 2025. 

Cash position(2)

As of June 30, 2025, cash position of the Company was RMB3,406.7 million (US$475.6 million), as compared with RMB3,670.3 million as of December 31, 2024.

(1) See the sections entitled “Non-GAAP Financial Measure” and “Reconciliations of GAAP and Non-GAAP Results” for more information about the non-GAAP
     measures referred to in this announcement.

(2) Cash position includes cash and cash equivalents, short-term investments, and long-term debt investments included in long-term investments.

Share Repurchase Programs

Pursuant to the share repurchase programs launched in September 2021, September 2022, September 2023 and September 2024, respectively, we had cumulatively repurchased approximately 55.7 million ADSs from the open market with cash for a total consideration of approximately US$109.0 million as of August 31, 2025.

Our Board has approved a new share repurchase program whereby the Company is authorized to repurchase its own ordinary shares in the form of American depository shares with an aggregate value of up to US$50 million during the 12-month period through September 9, 2026. The Company expects to fund the repurchase from its existing cash balance. The Company’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the requirements of the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1. The Board will review the share repurchase program periodically, and may authorize adjustment to its terms and size or suspend or discontinue the program.

Cash Dividend

The Board has approved a cash dividend of US$0.03 per ADS or US$0.003 per ordinary share, for a total amount of approximately US$10.9 million, to shareholders of record as of the close of business on October 10, 2025. The payment date is expected to be on or around November 4, 2025, for holders of ordinary shares and on or around November 7, 2025, for holders of ADSs.

Supplemental Information

We organize and report our business in the following operating segments:

  • Insurance, which mainly includes insurance brokerage service and technical service;
  • Crowdfunding, which mainly includes crowdfunding service; and
  • Others, which do not individually or in the aggregate meet the quantitative and qualitative thresholds to be individually reportable and are aggregated.

The table below sets forth the segment operating results, with three-month and six-month ended June 30, 2024 retrospectively adjusted to conform to this presentation.

For the Three Months Ended 

For the Six Months Ended 

June 30, 2024

March 31, 2025

June 30, 2025

June 30, 2024

June 30, 2025

RMB

RMB

RMB

USD

RMB

RMB

USD

(All amounts in thousands)

Operating revenue, net

 Insurance 

573,832

657,988

738,561

103,099

1,180,609

1,396,549

194,951

 Crowdfunding 

69,323

67,131

67,419

9,411

136,673

134,550

18,782

 Others 

33,001

28,575

31,979

4,465

63,574

60,554

8,453

Total consolidated operating revenue, net

676,156

753,694

837,959

116,975

1,380,856

1,591,653

222,186

Operating costs and expenses

 Insurance 

(450,877)

(506,575)

(567,642)

(79,239)

(928,491)

(1,074,217)

(149,955)

 Crowdfunding 

(92,259)

(97,299)

(99,519)

(13,892)

(191,846)

(196,818)

(27,475)

 Others 

(60,451)

(54,000)

(58,620)

(8,183)

(122,456)

(112,620)

(15,721)

Operating profit/(loss)

 Insurance 

122,955

151,413

170,919

23,860

252,118

322,332

44,996

 Crowdfunding 

(22,936)

(30,168)

(32,100)

(4,481)

(55,173)

(62,268)

(8,693)

 Others 

(27,450)

(25,425)

(26,641)

(3,718)

(58,882)

(52,066)

(7,268)

Total segment operating profit

72,569

95,820

112,178

15,661

138,063

207,998

29,035

Unallocated items*

(20,205)

(19,927)

(14,842)

(2,072)

(39,335)

(34,769)

(4,854)

Total consolidated operating profit

52,364

75,893

97,336

13,589

98,728

173,229

24,181

Total other income

38,366

41,690

40,032

5,589

81,147

81,722

11,408

Consolidated profit before income tax

90,730

117,583

137,368

19,178

179,875

254,951

35,589

* The share-based compensation represents unallocated items in the segment information because our management does
   not consider this as part of the segment operating performance measure.

Recent Development

In order to strengthen synergies between the Group and Shenlanbao, the Group entered into a new share purchase agreement with all non-controlling shareholders of Shenlanbao to acquire all remaining equity interests in Shenlanbao. All of the closing conditions included in the new agreement had been met as of June 30, 2025, and since then, Shenlanbao has been 100% owned by the Group. The transaction was treated as an equity transaction and the difference between the consideration paid and the carrying amount of the previously recorded redeemable non-controlling interest was recognized in equity.

With full ownership, the Group can drive stronger strategic synergy. This acquisition also enables us to strengthen our service differentiation and extend technology deployment. By leveraging the Group’s industry insights while preserving Shenlanbao’s operational independence, we will unlock new growth opportunities for the enlarged entity.

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars (“USD” or “US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.1636 to US$1.00, the noon buying rate in effect on June 30, 2025 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

Non-GAAP Financial Measure

The Company uses non-GAAP financial measure, adjusted net profit attributable to our ordinary shareholders, in evaluating the Company’s operating results and for financial and operational decision-making purposes. Adjusted net profit attributable to our ordinary shareholders represents net profit attributable to our ordinary shareholders excluding share-based compensation expense attributable to our ordinary shareholders and foreign currency exchange gain or losses. Such adjustments have no impact on income tax.

The non-GAAP financial measure is not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measure has limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider it in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. Investors are encouraged to review the Company’s historical non-GAAP financial measure to the most directly comparable GAAP measure. Adjusted net profit attributable to our ordinary shareholders presented here may not be comparable to similarly titled measure presented by other companies. Other companies may calculate similarly titled measure differently, limiting its usefulness as a comparative measure to our data.

The Company mitigates these limitations by reconciling the non-GAAP financial measure to the most comparable U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measure, please see the table captioned “Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. Waterdrop may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Waterdrop’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Waterdrop’s mission, goals and strategies; Waterdrop’s future business development, financial condition and results of operations; the expected growth of the insurance, medical crowdfunding and healthcare industry in China; Waterdrop’s expectations regarding demand for and market acceptance of our products and services; Waterdrop’s expectations regarding its relationships with consumers, insurance carriers and other partners; competition in the industry and relevant government policies and regulations relating to insurance, medical crowdfunding and healthcare industry. Further information regarding these and other risks is included in Waterdrop’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Waterdrop does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Conference Call Information

Waterdrop’s management team will hold a conference call on September 4, 2025 at 8:00 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:

0088782

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

7013962

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 September 11, 2025 by dialing the following numbers:

United States Toll Free:

1-877-344-7529

International:

1-412-317-0088

Chinese Line Access Code:

4409082

English Interpretation Line Access Code:

3334217

A live and archived webcast of the conference call will also 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 

WATERDROP INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, unless otherwise noted)

As of 

December 31, 2024

June 30, 2025

RMB

RMB

USD

Assets

Current assets

       Cash and cash equivalents

986,323

722,006

100,788

       Restricted cash 

520,588

637,817

89,036

       Short-term investments

1,612,619

942,293

131,539

       Accounts receivable, net 

716,206

838,571

117,060

       Current contract assets 

619,436

679,254

94,820

       Amount due from related parties

257

315

44

       Prepaid expense and other assets

182,641

202,457

28,263

Total current assets

4,638,070

4,022,713

561,550

Non-current assets

       Non-current contract assets

153,749

195,902

27,347

       Property, equipment and software, net

240,024

246,610

34,425

       Intangible assets, net

153,011

152,946

21,350

       Long-term investments

1,114,160

1,786,589

249,398

       Right of use assets, net

46,872

17,185

2,399

       Deferred tax assets

27,028

20,332

2,838

       Goodwill

80,751

80,751

11,272

Total non-current assets

1,815,595

2,500,315

349,029

Total assets

6,453,665

6,523,028

910,579

Liabilities, Mezzanine Equity and Shareholders’
Equity 

Current liabilities

       Amount due to related parties

10,616

9,834

1,373

       Insurance premium payables 

537,344

608,994

85,012

       Accrued expenses and other current liabilities

704,035

724,189

101,093

       Short-term loans

198,373

63,000

8,794

       Current lease liabilities

34,573

11,866

1,656

Total current liabilities 

1,484,941

1,417,883

197,928

Non-current liabilities

       Non-current lease liabilities

10,971

4,948

691

       Deferred tax liabilities

84,185

87,602

12,229

Total non-current liabilities

95,156

92,550

12,920

Total liabilities

1,580,097

1,510,433

210,848

Mezzanine Equity

       Redeemable non-controlling interests

76,133

–

–

Shareholders’ equity

       Class A ordinary shares

112

114

16

       Class B ordinary shares

27

27

4

       Treasury stock

(15)

(15)

(2)

       Additional paid-in capital

6,832,214

6,847,516

955,876

       Accumulated other comprehensive income

159,550

111,052

15,502

       Accumulated deficit

(2,194,453)

(1,946,099)

(271,665)

Total shareholders’ equity

4,797,435

5,012,595

699,731

Total liabilities, mezzanine equity and shareholders’ equity

6,453,665

6,523,028

910,579

 

WATERDROP INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

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

For the Three Months Ended 

For the Six Months Ended 

June 30, 2024

March 31, 2025

June 30, 2025

June 30, 2024

June 30, 2025

RMB

RMB

RMB

USD

RMB

RMB

USD

Operating revenue, net

676,156

753,694

837,959

116,975

1,380,856

1,591,653

222,186

Operating costs and expenses(i)

 Operating costs 

(319,101)

(374,218)

(416,493)

(58,140)

(650,344)

(790,711)

(110,379)

 Sales and marketing expenses 

(157,413)

(172,396)

(198,785)

(27,749)

(339,559)

(371,181)

(51,815)

 General and administrative expenses 

(93,978)

(74,943)

(73,400)

(10,246)

(182,939)

(148,343)

(20,708)

 Research and development expenses 

(53,300)

(56,244)

(51,945)

(7,251)

(109,286)

(108,189)

(15,103)

Total operating costs and expenses

(623,792)

(677,801)

(740,623)

(103,386)

(1,282,128)

(1,418,424)

(198,005)

Operating profit

52,364

75,893

97,336

13,589

98,728

173,229

24,181

Other income

 Interest income 

37,510

33,814

29,534

4,123

77,314

63,348

8,843

 Foreign currency exchange (loss)/gain 

(444)

(2,103)

2,656

371

1,070

553

77

 Others, net 

1,300

9,979

7,842

1,095

2,763

17,821

2,488

Profit before income tax

90,730

117,583

137,368

19,178

179,875

254,951

35,589

 Income tax (expense)/benefit 

(7,026)

(13,328)

2,852

398

(15,614)

(10,476)

(1,462)

Net profit 

83,704

104,255

140,220

19,576

164,261

244,475

34,127

 Net (loss)/profit attributable to mezzanine equity classified as non-
    controlling interests shareholders 

(4,586)

(3,940)

61

9

(4,661)

(3,879)

(541)

Net profit attributable to ordinary shareholders

88,290

108,195

140,159

19,567

168,922

248,354

34,668

Other comprehensive income:

 Foreign currency translation adjustment, net of tax 

13,497

(14,056)

(33,283)

(4,646)

38,640

(47,339)

(6,608)

 Unrealized gain/(loss) on available for sale investments, net of tax 

–

17,612

(18,771)

(2,620)

–

(1,159)

(162)

Total comprehensive income

97,201

107,811

88,166

12,310

202,901

195,977

27,357

 Total comprehensive (loss)/profit attributable to mezzanine equity
    classified as non-controlling interests shareholders 

(4,586)

(3,940)

61

9

(4,661)

(3,879)

(541)

Total comprehensive income attributable to ordinary shareholders

101,787

111,751

88,105

12,301

207,562

199,856

27,898

Weighted average number of ordinary shares used in computing
   net profit per share

 Basic 

3,660,589,600

3,620,380,862

3,608,253,358

3,608,253,358

3,678,604,386

3,614,283,609

3,614,283,609

 Diluted 

3,734,346,444

3,711,999,000

3,711,084,352

3,711,084,352

3,745,404,276

3,711,508,175

3,711,508,175

Net profit per share attributable to ordinary shareholders

 Basic 

0.02

0.03

0.04

0.01

0.05

0.07

0.01

 Diluted 

0.02

0.03

0.04

0.01

0.05

0.07

0.01

(i)  Share-based compensation expenses are included in the operating costs and expenses as follows. 

For the Three Months Ended 

For the Six Months Ended 

June 30, 2024

March 31, 2025

June 30, 2025

June 30, 2024

June 30, 2025

RMB

RMB

RMB

USD

RMB

RMB

USD

Sales and marketing expenses

(1,320)

(1,899)

(1,949)

(272)

(3,140)

(3,848)

(537)

General and administrative expenses

(16,285)

(15,527)

(11,899)

(1,661)

(30,612)

(27,426)

(3,829)

Research and development expenses

(2,600)

(2,501)

(994)

(139)

(5,583)

(3,495)

(488)

Total 

(20,205)

(19,927)

(14,842)

(2,072)

(39,335)

(34,769)

(4,854)

 

WATERDROP INC.

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(All amounts in thousands, unless otherwise noted)

For the Three Months Ended 

For the Six Months Ended 

June 30, 2024

March 31, 2025

June 30, 2025

June 30, 2024

June 30, 2025

RMB

RMB

RMB

USD

RMB

RMB

USD

Net profit attributable to the Company’s ordinary
shareholders

88,290

108,195

140,159

19,567

168,922

248,354

34,668

Add:

 Share-based compensation expense attributable to the
    Company’s ordinary shareholders 

20,015

19,750

14,144

1,974

39,274

33,894

4,731

 Foreign currency exchange loss/(gain) 

444

2,103

(2,656)

(371)

(1,070)

(553)

(77)

Adjusted net profit attributable to the Company’s ordinary
   shareholders

108,749

130,048

151,647

21,170

207,126

281,695

39,322

 

Hisense Unveils “AI Your Life” Revolution at IFA 2025

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Advertorial Desk
-

BERLIN, Sept. 4, 2025 /PRNewswire/ — Hisense, a leading brand in global consumer electronics and home appliances, will present a full lineup of AI-powered innovations at IFA 2025 under the theme “AI Your Life.” From immersive entertainment and cinema brilliance to intuitive home living and climate-smart wellbeing, Hisense will showcase how AI transforms every scenario into seamless, personalized, and interactive experiences.

AI Your Vision: Where Every Frame Comes Alive

Hisense will highlight its most advanced display technologies designed for immersive home entertainment. The RGB-MiniLED TV 116″ UX will deliver deep blacks, vivid colors, and peak brightness of up to 8,000 nits—ideal for movie nights or game-day gatherings where every detail matters. As the origin of RGB-MiniLED technology, Hisense will demonstrate how precise red, green, and blue mini-LED control ensures lifelike clarity. Alongside, MicroLED innovations, AI TVs, and AI-powered sound solutions will expand the possibilities, turning living rooms into gaming zones, esports arenas, or digital art galleries where people can share moments together.

The RGB-MiniLED TV 116" UX
The RGB-MiniLED TV 116″ UX

AI Your Cinema: Big Screen, Boundless Experience

For those who want the thrill of cinema at home, Hisense will introduce its TriChroma Laser Cinema L9Q, projecting up to 200 inches with IMAX Enhanced support for performance even in bright spaces. The Laser Mini Projector C2 Ultra will take versatility further with up to 300-inch projection and ultra-low latency—perfect for transforming a spare wall into a gaming arena or hosting a weekend movie night. With laser-powered clarity and portability, every space will become a stage for entertainment.

AI Your Home: Everyday Life, Effortlessly Smarter

Hisense will integrate AI into daily routines with appliances that combine design and intelligence. The PureFlat Smart Series refrigerator will feature a 21-inch interactive screen that becomes a kitchen hub: planning meals with Kitchen AI, streaming live games via VIDAA, or posting AI-generated art. Through the ConnectLife AI platform, the debuting ConnectLife AI Agent will power the AI Cooking Agent and AI Laundry Agent, helping households optimize energy, streamline chores, and make life more connected, efficient, and creative. From cooking inspiration to stress-free laundry, routines will be reimagined.

ConnectLife AI agent
ConnectLife AI agent

AI Your Air: Comfort that Understands You

The award-winning U8 S Pro Air Conditioner, winner of the Red Dot Award: Design Concept, will bring intelligence and comfort together. With HI-SENSOR presence detection, an AI voice assistant supporting 18 commands, and the HI-NANO ion system for air purification, it will adapt to users’ needs throughout the day. Its dot-matrix display will add personality, while features like Coanda airflow and 90° louver rotation will ensure even, draft-free cooling. Beyond the home, Hisense’s expertise will extend to smart buildings, energy management, and automotive air systems, contributing to safer, smarter, and more sustainable mobility.

At IFA 2025, Hisense will not only unveil breakthrough innovations but also share its vision of how AI can understand, anticipate, and respond to human needs. By combining leadership in RGB-MiniLED and laser display technologies with a new generation of smart home and air solutions, Hisense will empower people to live more freely, comfortably, and confidently—helping them own every moment at home and beyond.

About Hisense

Hisense, founded in 1969, is a globally recognized leader in home appliances and consumer electronics with operations in over 160 countries, specializing in delivering high-quality multimedia products, home appliances, and intelligent IT solutions. According to Omdia, Hisense ranks No. 1 globally in the 100-inch and over TV segment (2023- H12025). As the first official partner of the FIFA Club World Cup 2025™, Hisense is committed to global sports partnerships as a way to connect with audiences worldwide.

Roborock is “Rocking Life, Inside and Out” at IFA 2025 with first launch of RockMow and RockNeo lawnmower series

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Advertorial Desk
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BERLIN, Sept. 4, 2025 /PRNewswire/ — Roborock, a global leader in home robotics engineered to simplify daily life, announces its participation in IFA 2025 with its “Rocking Life, Inside and Out” theme, inviting consumers and industry observers to venture outside their homes, and into their lawns, as it releases globally for the first time its RockMow and RockNeo series of high-end lawnmowers for European consumers. The news comes as the brand was named by IDC in 2025 H1 as the #1 Robotic Vacuum Cleaner brand in terms of unit shipments in  Northern Europe, Germany, Korea, and Turkey—where it captured over 50% market share. (Source) In terms of financial performance, in August 2025, the brand’s mid-year financial report indicated revenue increase by an impressive 78.96% YoY, reaching 7.9 Billion RMB as filed with the Shanghai Stock Exchange. Recently, Roborock also announced its intention for a new listing in the Hong Kong Stock Exchange.

Roborock at IFA 2025. Features the brand's new lawnmowers.
Roborock at IFA 2025. Features the brand’s new lawnmowers.

Expansion into Outdoors Appliances: RockMow & RockNeo

RockMow and RockNeo Series are Roborock’s first ever robotic lawnmowers. This groundbreaking lineup has been designed to redefine lawn care. Leveraging years of innovation and excellence in RVC (Robotic Vacuum Cleaner) AI-powered navigation, precision control, and intelligent automation, Roborock brings its trusted home robotics expertise outdoors, delivering tailored solutions for lawns of all sizes and terrains. The new lineup includes three models – RockMow Z1, RockMow S1, and RockNeo Q1. Roborock’s bet into the outside appliance category brings significant innovations to the consumer, such as an AWD – All Wheel Drives approach where each wheel includes four independent in-wheel motors, one in each wheel, providing powerful driving capabilities; AI-powered categorized avoidance strategy balancing obstacle avoidance and cutting coverage; up to 80% (39°) slope climbing coverage, and much more.

Roborock's new Lawnmower product seen climbing a slope
Roborock’s new Lawnmower product seen climbing a slope

Welcome the new high-performance mid-ranger: Roborock Qrevo Curv 2 Pro

IFA 2025 is also the stage of the latest RVC by the brand with the launch of the Roborock Qrevo Curv 2 Pro. Designed to deliver powerful, adaptive cleaning with effortless precision, the Qrevo Curv 2 Pro combines cutting-edge technology with sleek design, ensuring homes are healthier and more hygienic than ever before. The device not only features a 25,000 Pa HyperForce Suction, one of the highest suction powers in its class, but also has an upgraded AdaptiLift Chassis. Thanks to the product’s omni-directional wheels, the robot intelligently adjusts its body height to maintain optimal suction contact on carpets up to 3 cm thick. The Qrevo Curv 2 Pro’s 7.98 cm ultra-slim design is one of the thinnest models in Roborock’s lineup of full LiDAR equipped robot vacuums. This is thanks to its RetractSense Navigation System, which ensures precise mapping and cleaning. In open spaces, the navigation module stays elevated for 360° scanning, while under furniture, it retracts automatically with a 100° rear view for tight-space cleaning. The Roborock Qrevo Curv 2 Pro is set to launch with MSRP pricing in the European Union at €1299. US availability and/or pricing for this product is unconfirmed at the time of launch.

Roborock Qrevo Curv 2 Pro cleaning a carpet
Roborock Qrevo Curv 2 Pro cleaning a carpet

Roborock F25 Ultra: Tough on Germs, Easy on the Floor

Continuing its penetration into the home wet-dry vacuum cleaner segment, Roborock launches at IFA 2025 its newest and highest performance handheld device in the F25 family – the Roborock F25 Ultra. The biggest upgrade of the F25 Ultra lies in its groundbreaking high-temperature cleaning technologies. Tough on germs and easy on floors as verified by extensive TÜV SÜD testing, the VaporFlow mode unleashes a high-volume, 150°C steam from six optimized outlets, effortlessly blasting away dried-on messes and stubborn stains without the need for harsh chemicals. This powerful steam delivers over 99.99% bacteria removal rate and allergen reduction rate. The Roborock F25 Ultra is already available with MSRP pricing at $799 in the US and €799 in the EU.

Roborock F25 Ultra cleaning a wet and dry mess
Roborock F25 Ultra cleaning a wet and dry mess

Roborock H60 & H60 Hub Series of Stick Vacuum Cleaners

Beyond its wet-dry vacuum cleaners, Roborock is also showing at IFA 2025 its new Roborock H60 and Roborock H60 Hub Series, a major expansion of the company’s product portfolio into the high-end stick vacuum cleaner segment. The Roborock H60 Hub Series introduces a new auto-empty dock that transforms home cleaning into a smooth experience across all models in this series. Simply dock your vacuum, and in just 10 seconds, dust is automatically emptied into a sealed dust bag while the device recharges automatically, ready for the next clean with minimal effort. Additionally, all models in the H60 series feature an innovative bendable wand that makes light work of hard-to-reach spots, such as those situated around sharp corners or in tight spaces between objects. With a bend of up to 90°, this flexible tool can easily glide under furniture, delivering a superior, hassle-free clean even in spaces as narrow as 5.6cm. The Roborock H60 Series & H60 Hub Series is available in the European Union at a price of between €299.99 – €499.99 depending on the model. US availability and/or pricing for this product is unconfirmed at the time of launch.

Roborock H60 and H60 Hub Series
Roborock H60 and H60 Hub Series

Roborock Zeo X: blending aesthetics with the best fabric care

Launching in select European markets, the Roborock Zeo X washer-dryer combines one of the sleekest designs in the industry with high-end washing and drying technology. At just 594mm deep (without door), it fits effortlessly into narrow spaces, without compromising on capacity (11kg Wash / 6kg Dry). The ultra-thin body is complemented by a fully integrated seamless door, blending perfectly into modern interiors. Powered by Zeo-cycle drying technology, Roborock Zeo X keeps drying temperatures low—around 50°C for most fabrics and approximately 37°C for delicate materials like wool and silk. Clothes come out dry, soft, and protected thanks to dual airflow and low-heat drying, offering better care and improved efficiency. With Dual Woolmark Green Certification, enjoy professional-grade wool care in both washing and drying at home. Roborock Zeo X delivers an elevated washing experience with Roborock FineFoam technology. Developed in-house, Roborock FineFoam generates ultra-dense microfoam that penetrates deep into fabrics, lifting dirt more effectively while remaining gentle. The Roborock Zeo X Washer Dryer is set to have MSRP pricing in select markets of the European Union of €1499. US availability and/or pricing for this product is unconfirmed at the time of launch.

Roborock Saros Z70 AI-Powered Customization & Programming Mode

Roborock Saros Z70
Roborock Saros Z70

The Roborock Saros Z70 which shocked the industry as the first commercially availiable Robot Vacuum Cleaner with an Omnigrip is also receiving important software updates at IFA 2025.The first one is AI customizable recognition for the purpose of identification. In addition to the 108 objects pre-programmed into the robotic vacuum, users can take pictures to define and label up to 50 additional objects in the app. The Roborock Saros Z70 will then be able to find those objects in the house and note them as labeled on the app during its cleaning routine. Omnigrip interaction with customer-added objects is not supported at the moment. Additionally, the addition of the Programming mode will allow users to utilize a drag and drop menu on the Roborock app to have fun creating custom-made programs on the robot. Including setting each one of the 5 axis of the OmniGrip at will, moving around the house for a specific distance, turning around, deploying the side brush, saying something, and others. Upon executing the program, the robot will execute all actions included and designed by users. This feature is intended for user exploration purposes and not directly related to cleaning performance.

About Roborock

Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. Having become the #1 best-selling Robotic Vacuum Cleaner brand in 2024 according to IDC, Roborock enriches lives with its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in millions of homes across 230+ countries and regions.  Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States, Japan, the Netherlands, Poland, Germany, and South Korea, Roborock is dedicated to elevating its market presence worldwide. As of 2025, Roborock serves more than 19 million households. For more information, visit https://global.roborock.com/.

China Matters’ Features: The Preservation of Hutongs in Beijing

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BEIJING, Sept. 4, 2025 /PRNewswire/ — Hutongs are among Beijing’s most iconic symbols, with nearly 1,000 of them still stretching across the city today.


China Matters’ Features: The Preservation of Hutongs in Beijing

It’s said since Yuan Dynasty, the Beijing city has been featured by its strict urban planning, requiring courtyards to be neatly aligned. The major thoroughfares were called jie and alleys were called hutong. During the Ming Dynasty, the standard Siheyuan, or courtyard house, took shape. Together with hutongs, they formed areas with distinct functions. Liulichang Hutong, for example, named after the glazed tile kilns, once located there, a famous hub for craftsmanship. By the Qing Dynasty, hutongs had been zoned for different uses such as commerce, entertainment, and residence.

Beijing began protecting hutongs over 70 years ago, sticking to the principle of “restoring the old as it was.” The areas like Qianmen Sanlihe, Dashilan, Gulou, and Shichahai have been revitalized with their historic charm preserved. Hutong residents founded Beijing’s first society for architectural heritage preservation. Kuang Han, an artist from Jiangxi, spent 30 years taking 30,000 photos and creating 2,000 paintings for hutongs. Support for hutong preservation has been widespread.

The animation series Xi’s Thought Made Easy produced by China Matters, focuses on the history and revitalization of hutongs. Let’s step into the world of Hutongs together!

YouTube Link: https://youtu.be/72mJLJ8xoRs

Mengniu 2025 Interim Report: Continued Focus, Steady Progress in International Expansion

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BEIJING, CHINA – Media OutReach Newswire – 4 September 2025 – On August 27, Mengniu Dairy (2319.HK) released its interim results for 2025, reporting revenue of RMB 41.57 billion for the first half of the year, with operating profit reaching RMB 3.54 billion—an increase of 13.4% year-on-year.

Thanks to the company’s ongoing implementation of lean management practices, Mengniu also achieved a 46.2% year-on-year growth in operating cash flow during the period. The operating profit margin improved by 1.5 percentage points to 8.5%.

Following the results announcement and reflecting confidence in the company’s future prospects, institutions such as JPMorgan increased their holdings in Mengniu. DBS Group and Shenwan Hongyuan also issued “Buy” ratings for the stock.

Aice Ice Cream: Deep Local Engagement Driving Growth

Mengniu’s international business delivered a standout performance in the latest financial report. Public data shows that Aice Ice Cream entered the Indonesian market in 2015, growing its annual sales from RMB 20 million to RMB 1.2 billion within three years. Currently, the brand generates over RMB 2 billion in annual revenue and holds a 34% market share in Indonesia, ranking first in the market. Aice also ranks second in the Philippines and has climbed to the number two position in Vietnam’s ice cream sector, with further expansion into neighboring countries such as Thailand.

Aice has driven innovation through its “Freezer Deployment Program,” under which nearly 600,000 freezers have been distributed across rural Indonesia, covering approximately 400,000 retail outlets. The program is supported by electricity subsidies, helping to establish a robust retail network. Notably, Aice has built a fully localized supply chain through strategic investments, including the construction of cold chain infrastructure via joint ventures and the establishment of three self-owned production facilities in Indonesia—effectively resolving cross-border logistics challenges.

To date, Aice has established four production bases across Southeast Asia. Its localized operating model—anchored in R&D, distribution, and supply chain management—has created strong competitive barriers in the region and offers a scalable blueprint for entering new markets.

Bellamy’s Accelerates Global Business System Upgrade

As a key pillar of Mengniu’s internationalization strategy, Bellamy’s Organic Infant Formula is showing strong growth momentum in Southeast Asia. Originating in Australia, Bellamy’s is a premium organic baby food brand, with its high-end product line—Bellamy’s Organic A2 Platinum—maintaining robust growth. The brand’s strategic presence in the Southeast Asian premium maternal and infant market is also contributing significantly to the upgrade and optimization of Mengniu’s global business system.

In recent years, Bellamy’s has continued to expand its footprint across Southeast Asia, with particularly strong performance in the Vietnamese market, where its infant formula segment is outpacing industry growth. In the first half of 2025, Bellamy’s completed a product line upgrade, launching new additions to its Classic Blue Can series and Organic Blue Shield series in both the Australian and Vietnamese markets.

Notably, during a recent distributor signing ceremony, the Australian Government’s Trade and Investment Counsellor to Vietnam attended in person—a strong endorsement of Bellamy’s product quality. The brand’s influence in Vietnam continues to grow, having been featured multiple times in special reports by Vietnam National Television. Bellamy’s has also enhanced local brand awareness through hosting visits from Vietnamese government and industry association delegations.

Entering a New Stage of Internationalization

Industry experts note that the globalization of the dairy industry faces multiple challenges, including supply chain integration, product localization, and building brand trust. Mengniu’s internationalization strategy goes beyond simple product exports, adopting an integrated “Product–Brand–Culture” approach to establish a multidimensional global presence.

On the branding front, Mengniu leverages global IPs to strengthen emotional connections with consumers, with sports marketing delivering particularly strong results. Since becoming the first Chinese dairy sponsor of the FIFA World Cup in 2018, the company has continued to sponsor major international events such as the World Cup and the Olympic Games. Through its brand message—”I wasn’t born strong; I was born to be strong”—Mengniu aligns the spirit of perseverance with athletic excellence, deepening global recognition of its brand values and product quality.

In terms of cultural outreach, Mengniu has positioned itself as an ambassador of Chinese culture, contributing to the broader narrative of cultural exports. Its collaboration with Ne Zha 2 not only launched co-branded products but also brought the creativity of Chinese IPs to global audiences.

Mengniu’s internationalization journey reflects a new model for Chinese brands going global: from product localization and brand IP development to achieving cultural resonance. This evolution marks a shift from exporting “Made in China” to communicating “Chinese Values.” With strategic patience and cultural confidence, Mengniu is steadily advancing from simply “going global” to “integrating globally”—and ultimately, to “leading globally.”

Hashtag: #Mengniu

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

Sungrow Delivers First C&I Community BESS Projects in South Australia Undergoing CSIP-AUS Testing

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ADELAIDE, Australia, Sept. 3, 2025 /PRNewswire/ — Sungrow, a global leading PV inverter and energy storage system provider, has successfully deployed its Battery Energy Storage Systems (BESS) at two Living Choice retirement villages in Flagstaff Hill and Fullarton, South Australia. Featuring PowerStack 200CS (ST225kWh-110kW-2h) BESS units and 455CS (ST455kWh-110kW-4h) BESS, these projects mark a significant milestone as the first commercial and industrial (C&I) community sites in the state to undergo CSIP-AUS testing, shaping the future of smart, flexible energy management.

First C&I Community BESS Projects in South Australia
First C&I Community BESS Projects in South Australia

Located at Flagstaff Hill and Fullarton, the two Living Choice retirement village projects are set to be commissioned in July 2025. Designed to ensure power supply for equipment while generating revenue through energy arbitrage and Frequency Control Ancillary Services (FCAS), these systems enable the communities to reduce operational costs and actively participate in Australia’s evolving energy market.

Why Sungrow?

  • CSIP-AUS Testing Approved

As an Australia implementation guide for IEEE 2030.5 protocol, CSIP-AUS (Common Smart Inverter Profile for Australia) offers enhanced security, configurability, and remote command execution for distributed energy resources. As some of the first C&I projects in South Australia to undergo CSIP-AUS testing, these deployments mark a critical step in adapting to the state’s move towards tighter grid interoperability. 

Under the framework, SA Power Networks (SAPN) dispatches export/import limits and ramp-rate instructions via Sungrow’s iSolarCloud platform API, with the BESS dynamically responding while continuing arbitrage and FCAS trading, enabling smarter, more responsive grid integration for C&I applications. By supporting CSIP-AUS, Sungrow not only meets current DNSP compliance requirements but also reduces integration complexity and SCADA deployment costs which is critical for the scalability of C&I energy storage projects.

  • FCAS Commissioning Achieved

Sungrow’s Community BESS projects in South Australia have also successfully achieved FCAS commissioning. With the increasing penetration of renewables, the importance of FCAS has become even more prominent. As a critical ancillary service in power systems, FCAS helps maintain grid frequency stability by quickly responding to supply-demand imbalances, regulating the charge and discharge of energy storage systems and keeping the frequency within an acceptable range. FCAS not only ensures the safety and reliability of the power system, but also provides flexible resources to the electricity market, enabling broader integration of renewable energy into the grid. Sungrow’s self-developed EMS continuously evolves to pursue intelligent energy management strategies and optimized control logic for energy arbitrage, FCAS etc. participation under CSIP monitoring.

The successful deployment was made possible through the continued collaboration with YES Group, a key client and strategic partner of Sungrow. Together, the companies are pushing the boundaries of what distributed energy resources can achieve within Australia’s evolving power networks.

“By supporting YES Group in these deployments, Sungrow is helping set a new benchmark for compliant, high-performance storage systems in community settings,” said Joe Zhou, Country Director of Sungrow Australia. “It highlights our ability to deliver storage solutions that are technically advanced, grid-responsive, and fully aligned with Australia’s shift toward dynamic energy regulation.“

With other Australian states preparing to roll out similar guidelines, CSIP-AUS is fast becoming a national standard. Sungrow’s forward-looking support for the protocol reinforces its position as a trusted provider of innovative, compliant, and cost-effective energy storage solutions.

About YES Group

YES Group is a vertically integrated company delivering turnkey solutions to the energy industry. With over 15 years of experience, the company has established itself as an industry leader, offering end-to-end expertise across project development, engineering, procurement, and construction. YES Group is committed to driving Australia’s energy transition through innovative, reliable, and scalable energy solutions.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of June 2025, Sungrow has installed 870 GW of power electronic converters worldwide. The Company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com.

 

BingX to Headline TOKEN2049 Singapore 2025 as Title Sponsor with Special Guest Chelsea FC Legend John Terry

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Advertorial Desk
-

PANAMA CITY, Sept. 4, 2025 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3 AI company, today announced its participation as a Title Sponsor at TOKEN2049 Singapore, the world’s largest crypto event. Joining BingX at the landmark gathering will be Chelsea Football Club (Chelsea FC) legend John Terry, who will appear as a special guest alongside BingX’s main stage panel and Web3 AI-focused programming.

BingX to Headline TOKEN2049 Singapore 2025 as Title Sponsor with Special Guest Chelsea FC Legend John Terry
BingX to Headline TOKEN2049 Singapore 2025 as Title Sponsor with Special Guest Chelsea FC Legend John Terry

Taking place from October 1–2, TOKEN2049 is the flagship global event for crypto and blockchain, bringing together top founders, executives, investors, and policymakers. The event will see BingX host a main stage panel, a second-stage AI-focused session, and an exclusive afterparty.

At the second-stage panel, BingX will invite major players from the Web3 sector to discuss the intersection of AI and Blockchain. This dedicated AI x Blockchain panel will focus on how AI can move beyond hype to deliver real-world utility—enhancing market clarity, empowering users with financial dignity, and bridging gaps between fragmented trading tools. For BingX, this convergence of technologies is underpinned by its $300 million commitment, a three-year roadmap to embed AI into every layer of trading experience and company operation.

Additionally, Terry will also join a special session titled “The Winning Mindset: Greatness in Sport and Crypto” alongside Vivien Lin, Chief Product Officer at BingX. The discussion will encompass an exploration of the parallels between elite sports performance and success in digital assets, highlighting how discipline, resilience, and innovation fuel excellence in both fields.

“TOKEN2049 is where the brightest minds in digital assets come together, and as Title Sponsor, BingX is proud to showcase what makes us the leading Web3 AI company,” said Lin. “Our $300 million commitment to go ‘All-in-AI’ reflects our belief that the future of trading is defined not by speculation, but by intelligence. With initiatives like Trained on Greatness alongside Chelsea FC, we’re uniting creativity, community, and innovation to create a smarter, more human-centered trading experience — and TOKEN2049 is the perfect stage to share that vision.“

BingX and Chelsea FC first announced their partnership in January 2024, aligning two high-performance brands united by discipline, innovation, and forward-looking vision. This summer, BingX supported the unveiling of Chelsea’s official 2025/26 training kit under the shared campaign theme Trained on Greatness. With Chelsea FC legend John Terry joining BingX at TOKEN2049, the collaboration will extend beyond the pitch—fans and traders alike can not only look forward to Chelsea FC legend visiting the BingX booth, but also a deep 1-on-1 sharing session with Lin, covering everything from football to crypto.

As BingX continues to expand its global footprint, its presence at TOKEN2049 underscores its role as a bridge between AI, Web3, and mainstream culture. By combining cutting-edge AI innovation, user-first trading solutions, and iconic partnerships, BingX is setting new standards for trust and accessibility in digital assets.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

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

 

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