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Global Times: Up Close: President Xi takes part in deliberation of Jiangsu delegation

BEIJING, March 8, 2025 /PRNewswire/ — Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, took part in a deliberation with fellow lawmakers from Jiangsu during the third session of the 14th National People’s Congress (NPC) in Beijing, on March 5, 2025. This marks the third consecutive year that Xi has taken part in a deliberation of this delegation since 2023.

‘Social work must be strengthened’

The lively exchanges in the deliberation vividly reflect the significance of social governance in the context of China’s efforts to modernize its national governance system.

“How many people live in your community?” Xi asked the lawmakers during the deliberation with the Jiangsu delegation.

“There are 7,266 residents, making up five residential communities. When I first started working in this community, there were only some 3,000 people. Now the number has doubled,” said Li Xiaona, an NPC deputy who has worked in the Hailian community of Xinhai Street in Lianyungang city for 12 years, when talking about her grassroots work.

After hearing these figures, Xi said with emotions: “In the past, the neighborhood committees were generally quite small in my memory. The community’s Party secretary was like a ‘premier of a small alley,’ managing a lot of things, which was not easy.”

The community is the fundamental unit of urban governance in China, weaving together countless threads of daily life and connecting thousands of households. Within this intricate web pulses the lifeblood of the nation, revealing both the immense scale and profound weight of governance in a country. Xi has always cared about the affairs within the community.  

During the deliberation, Xi expressed concerns regarding “caring for the elderly and children.”

In terms of the elderly care, it is common to see senior canteens in China, but overly relying on welfare models risks its sustainability. Solutions must be locally tailored and self-sustaining. Meanwhile, home services for the elderly should also be enhanced with the expansion of volunteer networks and elderly healthcare occupations. 

In terms of childcare, current daycare services face problems of imbalances, which should be adjusted align with local demographics and service quality. The children deserve safe, healthy and nurturing environments, which requires professional caregivers and stronger oversight frameworks.

Xi also expressed concerns about the groups of new forms of employment.

A recent survey on the status of the national workforce revealed that 84 million people are now employed in new forms of work across China, accounting for 21 percent of all employed citizens. 

The 20th CPC National Congress has made improving the social governance system a priority. In 2023, the Society Work Department of the CPC Central Committee was established, with local branches following nationwide. The central conference on social work was held for the first time in Beijing in 2024. These initiatives embody the governing philosophy that “nothing is too small for a civil servant to do if it delivers concrete benefits to our people.” 

“Social work must be strengthened,” Xi emphasized, addressing the matter with clarity: As the Chinese social fabric grows more complex, emerging forms of work like deliveryman, ride-hailing drivers, and e-commerce practitioners demand tailored management services. The country must keep up with the management services and fill the gap. 

Sound grassroots governance fortifies national governance. In the deliberation, Xi urged earnestly to make more practical efforts to strengthen foundational and inclusive construction of people’s livelihood, and to address the urgent and pressing concerns of the public. Additionally, the social security system and the accessibility and balanced distribution of basic public services should be further improved. “Putting the people first” has permeated every word of his address.

‘Always maintain the role of a trendsetter’

You were on the TV news today, weren’t you?” Xi asked Zhang Junjie, an NPC deputy and a cardiologist in Nanjing First Hospital, who was seated across from him. That morning, Zhang had shared stories about advancements in medical technology with the media in the NPC deputies’ meetings with the press.

Zhang used the metaphor of “touching the heart” to share an inspiring tale of triumph. He recounted how his team overcame foreign monopolies to develop a domestically produced mitral valve clip. Utilizing minimally invasive techniques, they successfully repaired the mitral valve – the heart’s “back door” – of an 88-year-old patient surnamed Liu at the time, all while his heart continued to beat. Now Liu, 92, enjoys a fulfilling life in his later years. 

“Every year, my team performs over 300 minimally invasive heart valve surgeries across the country. Liu’s story is merely a snapshot of our daily work,” he said.

“Twenty years ago, I went abroad for further studies. Now, we have emerged as a leader in various medical fields,” he recalled, emphasizing that the realm of medical research knows no boundaries. 

“What you said reminds me of the difficulties we faced in the 1990s when performing heart stent surgeries,” Xi talked to him.

Now, the domestic production rate of cardiovascular materials is quite high, isn’t it? the president asked.

Zhang responded proudly, “Our domestically produced stents have reached global markets. Over the years, I have traveled to Belt and Road Initiative partner countries, treating patients and saving lives with Chinese technologies and products. 

After hearing that, Xi said that “we have made significant strides in this area, and we must continue to forge ahead.” 

The transformation of an industry reflects the broader trends of development. Today’s China is a nation surging with waves of innovation and vibrant growth. 

Jiangsu, an economic powerhouse, should take the lead.” This was the earnest instruction from Xi. 

The president elaborated on four key areas for “taking the lead,” with the foremost being “taking the lead in integrating technological innovation with industrial innovation.” 

Innovation is the primary driving force for development.

When Xu Guanghui, an NPC deputy and director of the Jiangsu Provincial Department of Science and Technology, made a report, Xi asked “What is the proportion of innovation investment in Jiangsu’s fiscal expenditures?” 

The answer given by Xu was impressive. Compared with 2022, Jiangsu’s fiscal investment in technological innovation increased by 16.2 percent in 2024. 

Technological innovation and industrial innovation constitute the fundamental pathways for developing new quality productive forces. 

Following last year’s two sessions, Xi once again mentioned new quality productive forces during this deliberation, noting that China should promote the development of new quality productive forces so that the country could always remain a role of trendsetter in modern economic wave.

Economic powerhouses should shoulder greater responsibilities in implementing the country’s major development strategies, Xi stressed.

https://www.globaltimes.cn/page/202503/1329706.shtml

BEST Inc. Announces Completion of Going Private Transaction

HANGZHOU, China, March 8, 2025 /PRNewswire/ — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced the completion of its merger (the “Merger”) with Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Merger Sub”), pursuant to the previously announced agreement and plan of merger, dated as of June 19, 2024 (the “Merger Agreement”), among the Company, BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”) and Merger Sub. As a result of the Merger, the Company has become a wholly owned subsidiary of Parent and has ceased to be a publicly traded company.

Pursuant to the terms of the Merger Agreement, which was approved by the Company’s shareholders at an extraordinary general meeting held on February 18, 2025, at the effective time of the Merger (the “Effective Time”), each American Depository Share of the Company (each, an “ADS”), representing twenty (20) class A ordinary shares of the Company, par value US$0.01 each (the “Class A Shares,” together with class B ordinary shares and class C ordinary shares of the Company, collectively, the “Shares”), issued and outstanding immediately prior to the Effective Time, other than ADSs representing the Excluded Shares (as defined in the Merger Agreement), together with the Class A Shares represented by such ADSs, has been cancelled and ceased to exist in exchange for the right to receive US$2.88 in cash per ADS without interest, and each Share issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, the Dissenting Shares (as defined in the Merger Agreement) and Class A Shares represented by ADSs, has been cancelled and ceased to exist in exchange for the right to receive US$0.144 in cash per Share without interest. Pursuant to the terms of the Merger Agreement, share-based incentives held by current or former officers, directors, employees and consultants of the Company have also been cancelled, cashed out or rolled over into equity incentives of Parent, as applicable. Pursuant to the terms of the Merger Agreement, the Excluded Shares have been cancelled without payment of any consideration from the Company therefor and the Dissenting Shares have been cancelled and will entitle the former holders thereof to receive the fair value thereon determined in accordance with the provisions of Section 238 of the Companies Act (As Revised) of the Cayman Islands.

Registered shareholders immediately prior to the Effective Time who are entitled to the Merger Consideration (as defined in the Merger Agreement) will receive a letter of transmittal and instructions on how to surrender their Shares in exchange for the Merger Consideration and should wait to receive the letter of transmittal before surrendering their Shares. Payment of the Merger Consideration will be made to holders of Shares (other than Class A Shares represented by ADSs) in respect of each such Share held thereby upon surrender of applicable Shares and delivery of the letter of transmittal and any other documents required by such letter of transmittal to be delivered in connection therewith. Payment of the Merger Consideration (after deduction of the fees, charges, deductions and expenses provided for under the Deposit Agreement, dated September 22, 2017, between the Company, the ADS depositary and the holders and beneficial owners of ADSs issued thereunder) will be made to holders of ADSs in respect of each ADS held thereby as soon as practicable after Citibank, N.A., the ADS depositary, receives the aggregate Merger Consideration payable to holders of ADSs from the paying agent.

The Company also announced today that it has requested that trading of its ADSs on the New York Stock Exchange (the “NYSE”) be suspended on March 10, 2025 (New York time). The Company has requested that NYSE file a Form 25 with the Securities and Exchange Commission (the “SEC”) notifying the SEC of the delisting of the ADSs on NYSE and the deregistration of the Company’s registered securities. The deregistration will become effective 90 days after the filing of the Form 25 or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC in approximately ten days following the filing of the Form 25. The Company’s obligations to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will cease once the deregistration becomes effective.

Kroll, LLC (operating through its Duff & Phelps Opinions Practice) is serving as the financial advisor to the Special Committee. Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Special Committee. Maples and Calder (Hong Kong) LLP is serving as Cayman Islands legal counsel to the Company.

Fangda Partners is serving as U.S. legal counsel to the Consortium. Walkers (Hong Kong) is serving as Cayman Islands legal counsel to the Consortium. Kirkland & Ellis is serving as U.S. legal counsel to Alibaba Investment Limited and Cainiao Smart Logistics Investment Limited.

About BEST

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-add services, including freight delivery, supply chain management and global logistics services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain. For more information, please visit: http://www.best-inc.com/en/.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement and in the attachments is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

CGTN AMERICA & CCTV UN: China in Springtime – Sharing Opportunities with the World

WASHINGTON, March 8, 2025 /PRNewswire/ — CGTN America & CCTV UN releases “China in Springtime – Sharing Opportunities with the World.”

A special event presented by the China Media Group at the Polsky Center for Entrepreneurship and Innovation, at the University of Chicago, will highlight pathways for cooperation in science, technology, business, and to continue to advance cultural exchanges between China and the United States.

On March 10th, “China in Springtime – Sharing Opportunities with the World” will host around 100 guests, including diplomats, former governors, professors, entrepreneurs and students from China and the U.S. to understand the complex challenges we face today and the solutions the leaders of tomorrow can provide.

As part of the Young Envoy Scholarship (YES) Program, 50 thousand young Americans will visit China through study and exchange programs over the next five years.  The belief is that the young can help forge better relations between China and the United States.

Students who visited China will tell us about their experiences, how these people-to people exchanges offer them a chance to learn more about Chinese culture, create lasting friendships and help them gain a global perspective.

We’ll hear from students about their trips to China – the places they visited, the people they met – and how that has enriched their education and bolstered their hopes for improved Sino-U.S. relations.

Technology is also important in bridging societies together. It is reshaping industries and economies at an unprecedented pace. Collaboration can take global advancements to new heights. We will discuss how breakthrough discoveries are bringing China and the U.S. together and the role of technology in finding common ground.

The event is co-organized by China Media Group, China General Chamber of Commerce – Chicago, and the Future Wanxiang Foundation.

(This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.)

Contact : Distribution@cgtnamerica.com

Health In Tech to Announce Fourth Quarter and Full Year 2024 Financial Results on March 17, 2025

STUART, Fla., March 8, 2025 /PRNewswire/ — Health In Tech (NASDAQ: HIT), an Insurtech platform company backed by third-party AI technology, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2024, following the close of market on Monday, March 17, 2025. Health In Tech will host a conference call and live webcast to discuss the Company’s financial results, recent development and business outlook.

Event: Health In Tech’s 2024 Fourth Quarter and Full Year Earnings Conference Call

When: Monday, March 17, 2025, at 5:00 p.m. ET

Live Call:

PARTICIPANT DIAL IN (TOLL FREE): 1-888-346-8982
PARTICIPANT INTERNATIONAL DIAL IN: 1-412-902-4272
Hong Kong Toll Free: 800-905945
Hong Kong-Local Toll: 852-301-84992

Webcast Link:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=D0BJw8tJ 

Replay: A webcast replay will be available on Health In Tech’s investor relations website at https://healthintech.investorroom.com/ shortly after the completion of the call, and will remain available for approximately 90 day.

About Health In Tech 

Health In Tech (Nasdaq: HIT) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

Investor Contact

Investor Relations:
ir@healthintech.com

Whoopi Goldberg Joins United Nations WPHF as Global Patron, Stands in Solidarity with Frontline Women Building Peace

NEW YORK, March 8, 2025 /PRNewswire/ — The United Nations Women’s Peace and Humanitarian Fund (WPHF) is proud to announce that entertainment legend Whoopi Goldberg will serve as WPHF’s Global Patron. An iconic actor, producer, and activist, Whoopi’s decades-long commitment to social justice, women’s rights, and humanitarian causes makes her a natural champion for WPHF’s mission to support women building peace in conflict and crisis-affected countries worldwide.

One of the few entertainers to achieve EGOT status—winning an Emmy, Grammy, Oscar, and Tony—Goldberg’s influence extends far beyond the entertainment industry. She has consistently used her platform to champion causes that advance equality and justice, the cornerstones of peace.

“I am proud to join WPHF as its Global Patron and stand alongside women who are fighting every day to create a world where peace and gender equality are the norm, not the exception,” said Whoopi Goldberg. “The women supported by WPHF are the unsung heroes of our time—they fight for their lives, their families and their countries in the most challenging circumstances. I’m honored to be part of their journey, and I urge others to stand with us.”

WPHF is the unique offering of the United Nations through partnership with civil society to invest directly in local women leaders and their communities. Women like Halyna Skipálska in Ukraine, who, in the wake of war, launched a virtual platform offering lifesaving resources for displaced women and survivors of gender-based violence. Or Pascale Solages, whose organization in Haiti is providing safe houses and trauma counseling for women and girls escaping gang violence. Or Sandra Alloush, a Syrian journalist, refugee and human rights defender who uses the power of media and advocacy to amplify the voices of migrant and refugee women and girls. The return on investment in women in conflict has been proven time and time againwhen women are engaged in peace processes, peace is long lasting and sustainable.

So why are women still not getting the support and attention they deserve? This is what WPHF is working to change each day. Since 2016, the Fund has supported over 1,450 local women’s organizations across 46 countries, and is calling on the world to join this global movement.

“Whoopi Goldberg is a legend. We are honored to have her as WPHF’s new Global Patron,” said Tonni Brodber, Head of the WPHF Secretariat. “From the Color Purple, Sister Act, and her incredible comedic contribution to the All Women’s Sports Network, Whoopi has consistently shone her light on investing in the extraordinary that resides within both women and men. We look forward to partnering with Whoopi to amplify the impact of women and our collective investment in peace.”

To learn more about WPHF and how you can support women building lasting peace, visit WPHFund.org/InvestInWomen 

For Press Inquiries, contact Matthew Rullo, Communications & Advocacy Specialist, matthew.rullo@unwomen.org

EQUITIES.COM WELCOMES NIDHI CHADDA FROM ENZO ADVISORS AS PARTNER AND GUEST CONTRIBUTOR

Sustainability and Impact Investment Leader Joins Platform Ahead of International Women’s Day

NEW YORK, March 8, 2025 /PRNewswire/ — Equities.com, a leading financial media outlet, is pleased to announce the addition of Nidhi Chadda as a Partner and Guest Contributor. This partnership comes in celebration of the upcoming International Women’s Day, highlighting the achievements of women investment leaders in sustainability.

EQUITIES.COM WELCOMES NIDHI CHADDA FROM ENZO ADVISORS AS PARTNER AND GUEST CONTRIBUTOR
EQUITIES.COM WELCOMES NIDHI CHADDA FROM ENZO ADVISORS AS PARTNER AND GUEST CONTRIBUTOR

Nidhi Chadda, Founder and CEO of Enzo Advisors and Chief Impact Officer at Richmond Global Sciences (RGS), brings her expertise in sustainability, impact intelligence, and data-driven investment strategies to Equities.com. Her insights will provide valuable perspectives on global markets, sustainability trends, and impact investing.

“We are thrilled to welcome Nidhi Chadda to the Equities.com team,” said Paula DeLaurentis, CEO at Equities.com. “Her extensive experience and innovative approach to sustainable investing will greatly benefit our audience as we continue to provide cutting-edge financial insights.”

Chadda’s impressive background includes:

  • Spearheading ESG integration for $3 billion in AUM across US small and mid-cap portfolios co-managed at RBC Global Asset Management
  • Founding Enzo Advisors, a global sustainability consulting practice at the nexus of finance, strategy and technology, helping corporate and investor clients mitigate risk and unlock value creation through their sustainability initiatives
  • Serving on advisory boards and investment committees for angel associations and venture funds
  • Hosting numerous webinars on ESG, impact, and climate-related topics
  • Featured speaker at global conferences and media engagements, including CNBC, the Women in Asset Management Summit, and various family office forums and investor conferences.

With 20+ years of experience in investment banking, strategic consulting, and investing, Chadda holds an MBA from Harvard Business School and a BS in Economics from the Wharton School, University of Pennsylvania.

Equities.com looks forward to collaborating with Chadda on various initiatives, including summits and thought leadership events focused on key trends in the investment landscape.

About Equities.com:
Equities.com is a leading platform empowering mindful investors with innovative content and insights. Our vision is to inspire, educate, and enable our audience to make informed investment decisions that align with their values and capitalize on promising market trends. We are committed to serving investors, particularly millennials and women, and the financial professionals/advisors who serve them and seek investments that resonate with their principles. By focusing on megatrends and their positive impacts, we offer unique perspectives on investment opportunities that are both timely and beneficial to society. Equities.com strives to be the premier destination for investors looking to learn, grow, and make impactful financial decisions in today’s dynamic market landscape.

Metalpha to Hold 2025 Annual General Meeting of Shareholders

HONG KONG, March 8, 2025 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) (the “Company” or “Metalpha“), a global wealth management company, announced today that it will hold the 2025 annual general meeting (the “AGM“) of shareholders of the Company at Suite 6703-04, Central Plaza, 18 Harbour Road, Wan Chai, Hong Kong, People’s Republic of China on March 31, 2025 at 11:30 am (Hong Kong time), for the purposes of considering and, if thought fit, passing the proposed resolutions set forth in the notice of the AGM (the “AGM Notice“). Members of record of the Company’s ordinary shares, par value $0.0001 per share, registered on the Company’s Register of Members as of 5:00 p.m. on March 7, 2025 (Eastern time) are entitled to attend and vote at the AGM in person or by proxy.

The Company proposed to amend and restate the Company’s second amended and restated memorandum and articles of association by their deletion in their entirety and the substitution in their place of the third amended and restated memorandum and articles of association (the “Amended M&A“). Following the adoption of the Amended M&A, the Company may send notice to its shareholders by publishing that notice in the Company’s website at www.metalpha.net/ and the SEC website at www.sec.gov. The Company will not send a notice to its shareholders and the shareholders are encouraged to proactively monitor the availability of all future corporate communications on the websites and access the corporate communications by themselves.

A copy of the AGM Notice posted to the Company’s website and a form of the voting proxy for the AGM is attached as Exhibit 99.2 and Exhibit 99.3, respectively, to the Current Report on Form 6-K furnished by the Company with the United States Securities and Exchange Commission today.

About Metalpha Technology Holding Limited

Metalpha Technology Holding Limited (Nasdaq: MATH), through its subsidiaries, is dedicated to providing digital asset-focused wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of digital asset-based wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Forward-Looking Statements

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. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause Metalpha’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Contact

Ethan Xiong – Metalpha PR representative
ethan.xiong@metalpha.finance

MWC25 | YOFC’s Senior Vice President Jan Bongaerts: Championing Global Digital Infrastructure Enhancement

BARCELONA, Spain, March 8, 2025 /PRNewswire/ — On March 6, 2025, the Tower and Fibre Summit, sponsored by Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), took place at the Barcelona International Convention Centre. The event featured a keynote address by YOFC’s Senior Vice President, Jan Bongaerts, titled “Leading a New Future with Fibre.” In his speech, Jan outlined YOFC’s commitment to harnessing cutting-edge technologies and comprehensive industry expertise to strengthen the digital infrastructure in the AI era. He also emphasized the company’s dedication to extending fibre connectivity to every corner of the globe.  

Jan Bongaerts highlighted the exponential growth in global data traffic driven by the deep integration of AI technology across multiple sectors. He noted that generative AI applications, ultra-high-definition videos, autonomous driving, and the industrial internet are driving the need for higher network transmission rates, increased capacity, and lower latency. With a focus on ultra-high speed, low latency, and high density, the company has unveiled next-generation fibre optic cable solutions designed to meet these expectations across diverse scenarios, providing strong support for the development and build-out of global digital infrastructure.

With its ultra-low attenuation and large effective area, the G.654.E fibre significantly enhances the performance and reach of 400G/800G ultra-high-speed transmission systems. As one of the few global entities proficient in the mass production technology for this technology, YOFC has gained full control over its entire industrial chain, positioning itself as a leader in both production capacity and market share. This fibre is now integral to network infrastructure projects for major operators such as China Mobile, China Telecom, China Unicom, and the State Grid, and is being deployed in several countries including the Philippines and Brazil.

In response to the surging demand for short-distance, high-speed interconnections in AI computing centers, YOFC has launched its OM4/OM5 high-end multimode fibre. This advanced fibre supports a broader wavelength range and higher bandwidth, addressing the evolving needs for data center transmission upgrades to 400G/800G and even 1.6T. Utilizing its digital and intelligent manufacturing platform, YOFC can produce these high-quality, high-end multimode fibres on a large scale, reinforcing its leadership in the global market.

In this new era of AI, the interconnection of massive devices has intensified the demand for maximizing fibre space efficiency. YOFC’s proprietary multi-core fibre addresses this need by integrating multiple independent cores within a single fibre. This innovation significantly boosts the transmission capacity of single-fibre communication systems, potentially increasing capacity by several dozen times. It offers a promising solution to the capacity bottlenecks facing future optical communication systems.

Hollow-core fibre, with its transmission speed approaching the speed of light and near-zero latency, represents the optimal choice for future ultra-high-speed, low-latency communications. YOFC’s capabilities in the mass manufacturing of extended-length, ultra-low-loss hollow-core fibre are at the forefront of the industry. As a result, the company is well-positioned to deliver premium products suitable for commercial applications in large-scale settings.

Amid the rapid advancement of AI and digital technologies, YOFC remains at the forefront, with innovation as its cornerstone. The company is dedicated to partnering with global leaders to develop a more efficient, sustainable, and inclusive optical communication network. By doing so, YOFC aims to lay a new groundwork for AI and drive significant progress in global digital transformation.