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Global TV Shipment Ranking of TCLE (01070.HK) Maintains Top Two in 1H 2025

Shipment of Mini LED TV Surges by 176.1% YoY

HONG KONG, July 23, 2025 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) today announced its global shipment data for the first half of 2025. Driven by the continued implementation of its “mid-to-high-end and large-screen” strategy and the steady enhancement of global brand influence, the global shipment of TCL TV reached 13.46 million sets in the first half of 2025, representing a year-on-year (“YoY”) increase of 7.6%, maintaining its position among the world’s top-two[1] TV brands by shipment. The global shipment of TCL Mini LED TV soared by 176.1% YoY, firmly securing TCL’s position as the global No.1[1].

Global Shipment of “Mid-to-High-End + Large-Screen” TVs Continue Robust Growth, Product Portfolio Further Upgraded

Capitalising on the global trend towards large-screen and further refining its product mix, TCL Electronics sustained strong momentum in large-screen TV shipment. In the first half of 2025, the global shipment of 65-inch and above TCL TV grew by 29.7% YoY, with its shipment proportion rising by 4.8 percentage points to 28.4%. The global shipment of 75-inch and above TCL TV also surged by 29.7% YoY, with the corresponding shipment proportion up by 2.4 percentage points to 14.2%. The average screen size of global shipment of TCL TV increased by 1.5 inches YoY to 53.4 inches.

Meanwhile, TCL Electronics continued to enhance its focus on high-end display technologies. In the first half of 2025, the Company introduced the industry’s first fourth-generation LED TV, featuring an innovative design with ZeroBorder and 100% screen display, offering an unrivalled immersive audio-visual experience for users. In the first half of 2025, the global shipment of TCL Mini LED TV reached 1.37 million sets, with its shipment proportion rising by 6.6 percentage points to 10.8%. The global shipment of TCL QLED TV rose by 73.7% YoY to 3.04 million sets, with its shipment proportion climbing 9.1 percentage points to 24.0%^.

High-quality Expansion in the International Market, Sustained Momentum in China, and Outstanding Advances in Regional Strategic Execution

In the international market, the Company continues to reinforce its leading position in global supply chain and channel infrastructure, while further intensifying its global brand marketing efforts. Leveraging high-impact platforms such as international top-tier sporting events, exhibitions, eSports tournaments, and film collaborations, the Company comprehensively amplifies its brand value. These initiatives drive steady scale expansion of its TV business, and progressively realise the effectiveness of its mid-to-high-end strategy. In the first half of 2025, TCL TV shipment in the international market grew by 8.7% YoY. Notably, shipment of large-screen TV demonstrated rapid growth, with 65-inch and above TCL TV increasing by 47.3% YoY, and the corresponding shipment proportion rising by 5.5 percentage points to 21.0%. The shipment of 75-inch and above TCL TV surged even further, growing by 57.9% YoY, with the corresponding shipment proportion up by 2.5 percentage points to 8.1%. TCL Mini LED TV has garnered strong preference among overseas consumers as well, with its global shipment soaring by 196.8% YoY, and its shipment proportion expanding by 4.9 percentage points to 7.7%.

Regionally, the European market has strategically optimised its channel network, driving substantial gains in large-sized product sales. In the first half of 2025, the shipment of TCL-branded TV in Europe rose by 13.3% YoY. Shipment of 75-inch and above TCL TV experienced a remarkable 71.7% increase YoY, while the shipment of TCL Mini LED TV surged by 91.0% YoY. TCL TV secured a solid top two in retail sales volume in France and Poland[2], and consistently ranked within the top three across Sweden, Spain, Greece, and the Czech Republic[2].

In emerging markets, encompassing Asia-Pacific, Latin America, and the Middle East and Africa, the Company has further refined its sports marketing matrix and strengthened sales and retail channels. As a result, TCL TV shipment grew by 17.9% YoY. Notably, shipment of 65-inch and above TCL TV increased by 45.8%, while 75-inch and above TCL TV surged by 68.4% YoY. TCL TV ranked first in retail sales volume in Philippines, Australia, Argentina and Pakistan, and ranked among the top two in Brazil, Saudi Arabia, Thailand and Myanmar, while ranked third in Vietnam and South Korea[2].

In the first half of 2025, the Company further advanced its strategic focus on the mid-to-high-end segment and product mix optimisation in the North American market. While overall TCL TV shipment in the region declined by 7.3% YoY, the Company achieved notable progress in upgrading its product mix. Shipment of 65-inch and above TCL TV grew by an impressive 60.5% YoY, with its shipment proportion rising by 13.0 percentage points to 30.7%. Meanwhile, the shipment of 75-inch and above TCL TV also saw strong momentum, with shipment increasing by 43.8% YoY, along with its shipment proportion climbing 4.7 percentage points to 13.1%. The shipment of TCL Mini LED TV posted exceptional performance, with shipment in North America surging by 349.6% YoY, and its shipment proportion expanded by 6.0 percentage points, reaching 7.6%. TCL TV sustained strong upward momentum across sales volume and revenue, with its solid ranking among the top two in terms of market share of retail sales volume in the United States market[3].

In the PRC market, TCL Electronics continued to deepen its presence in mid-to-high-end products, fuelled by brand elevation and technological innovation. The Company further accelerated the momentum of its dual-brand strategy of “TCL + Falcon”. TCL TV shipment in the PRC market expanded by 3.5% YoY in the first half year of 2025, and shipment of TCL-branded TV increased by 10.2% YoY, ranking among the top two in the PRC market[4]. The proportion of large-screen TV shipment continues to increase. The shipment of 65-inch and above TCL TV rose by 11.3% YoY, with the corresponding shipment proportion up by 3.9 percentage points to 55.4%. The shipment of 75-inch and above TCL TV grew by 13.2% YoY, with the corresponding shipment proportion rising by 3.1 percentage points to 36.3%. Benefiting from the “trade-in for new” policy, consumer vitality has been further stimulated. Shipment of TCL Mini LED TV surged by 154.2% YoY, with its shipment proportion climbing 12.7 percentage points to 20.9%. During the 618-shopping festival, the Company’s Mini LED TV retail sales volume surpassed 270,000 sets across all channels, ranking the first in the industry[5].

Looking ahead, TCL Electronics will remain committed to its strategic pillars of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Anchored in delivering exceptional consumer value, the Company will stay the course on its mid-to-high-end development roadmap, continuously refine its product portfolio while intensifying investment in technological advancement and innovation reserves. The Company will further deepen its regional positioning strategies and advance its global-localisation agenda, leveraging stronger market competitiveness and brand momentum to accelerate resolutely towards a global industry leader.

TV Shipment Data for the First Half of 2025 (unaudited) 

1H 2025

1H 2024

Large-sized display – Global Shipment of TCL TV

13,464,724
Sets

12,515,740
Sets

– Proportion of 65 inches and above TCL TV by global shipment

28.4 %

23.6 %

       – Proportion of 65 inches and above TCL TV by shipment in the PRC market

55.4 %

51.5 %

       – Proportion of 65 inches and above TCL TV by shipment in the international market

21.0 %

15.5 %

– Proportion of 75 inches and above TCL TV by global shipment

14.2 %

11.8 %

       – Proportion of 75 inches and above TCL TV by shipment in the PRC market

36.3 %

33.2 %

       – Proportion of 75 inches and above TCL TV by shipment in the international market

8.1 %

5.6 %

– Proportion of TCL Mini LED TV by global shipment

10.8 %

4.2 %

       – Proportion of TCL Mini LED TV by shipment in the PRC market

21.2 %

8.6 %

       – Proportion of TCL Mini LED TV by shipment in the international market

7.7 %

2.8 %

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “Intelligent IoT Ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect programme and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com.

[1] Data Source: Shipment data in the first half of 2025 from Discien.

^ Restated.

[2] Data Source: Retail sales volume in January 2025 to May 2025 from GfK.

[3] Data Source: Retail sales volume in January 2025 to May 2025 from Circana.

[4] Data Source: Retail sales volume of the first half of 2025 from CMM.

[5] Data Source: All omni-channel retail volume data for weeks 20 to 25 of 2025 from CMM.

 

Global Times: Chinese film veterans inspired by Xi’s reply letter vow to create art rooted in real life

BEIJING, July 23, 2025 /PRNewswire/ — Editor’s Note:

Chinese people believe that letters are as valuable as gold. For thousands of years, letters, across mountains and oceans, have been delivering the writers’ sentiments and conveying friendship and expectations.

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, has managed to find time to reply to some letters from different sectors of the society and different parts of the world despite his busy work schedule.

In this installment, 71-year-old Chinese actress Song Xiaoying, who recently received a reply letter from Xi alongside seven other veteran Chinese film artists, shares her perspective on her decades-long career, widely known and cherished fine cinematic works creation, and her wish to remain rooted in real life, uphold virtue, and pursue artistic excellence.

“I really didn’t expect that we would receive a reply from President Xi so quickly. Despite his extremely busy schedule, he still cares so much about our film industry. As a film industry worker, I feel extremely proud,” Song Xiaoying, a film artist and famous Chinese actress, told the Global Times after receiving a reply letter from Xi. 

The Chinese president has called on people working in the country’s film industry to create more fine cinematic works that reflect the spirit of the times and express the people’s aspirations. 

Xi made the remarks in a reply letter to eight veteran Chinese film artists, including Song on July 10.

In his reply, Xi said that reading the letter from the artists reminded him of the classic films in which they had participated, which are widely known and cherished by the viewing public. 

Xi expressed hope that the artists would continue to set an example in upholding virtue and pursuing artistic excellence, according to the Xinhua News Agency. 

He encouraged them to inspire the broader film community to strengthen cultural confidence, stay rooted in real life, and make new contributions to the prosperity of arts and the building of a culturally strong nation. 

Rooted in real life

As one of the eight artists who wrote a letter to Xi, Song felt extremely honored. “The moment I signed my name, I couldn’t calm down for a long time.” 

She remembered that after signing, each artist was present with a bouquet of flowers. “This sacred moment will become the most precious memory in my life,” she said. 

What touched Song the most was that Xi affirmed the work of the eight artists in the letter and placed earnest hopes on them. “In particular, he encouraged us – all the people working in the film industry – to strengthen cultural confidence, stay rooted in real life, and make new contributions to the prosperity of the arts and the building of a culturally strong nation.”

Having been engaged in the film industry for over 50 years, Song is most deeply moved by the phrase “staying rooted in real life.” She entered Changchun Film Studio, known as “Cradle of modern China’s movie industry,” at the age of 19 for her first film role in Guerrillas Sweep the Plain (1975). The film tells a story about a Chinese guerrilla group led by Li Xiangyang, which fought against the Japanese invaders during the Chinese People’s War of Resistance Against Japanese Aggression (1931-1945).

To play this role well, Song went to Ranzhuang in Hebei Province to experience life in the real tunnels as one of the main scenes depicted in the film. She crawled and maneuvered in the tunnels with her back bent, and also gained an understanding of the great wisdom of the Chinese people as well as the feeling of being trapped in a tunnel when smoke was poured in just like during the war. 

“As an actor, only by truly being rooted in the soil of life can we really play a role well and create impressive works,” she said. 

Song told the Global Times that seeking inspiration from realities is something that has always come first for her as she would talk to and learn real-life these people including teachers and patients. “Homework is a must, including writing a biography for the role and observing similar people in reality. Observe what they said, remember how they said it, and even the movement of a small finger can tell a greater story,” she added.   

Fu Ruoqing, chairman of the China Film Group Corporation, still holds profound feelings for his silver screen career. It was after the premiere ceremony of the war epic trilogy The Volunteers, when a Chinese People’s Volunteers (CPV) army veteran in his 90s said with tears in his eyes, “Many scenes made me feel as if I were there, especially when I thought of those comrades who sacrificed their lives.”

“Moments like this reinforce our conviction: Only when art takes root in the profoundness of history and the warmth of the people can it truly possess the power to move people’s hearts,” Fu told the Global Times. 

According to Fu, the creative team behind the War to Resist US Aggression and Aid Korea (1950-1953) visited numerous CPV veterans and reviewed hundreds of thousands of words of historical materials, striving to restore the group portraits of heroes through authentic details and make those “the most beloved people,” who shouldered the trust of the people and the expectations of the nation, shine brilliantly on the screen.

There may be a hundred or a thousand ways to create literary and artistic works, but the most “fundamental, crucial, and reliable one must be to stay rooted among the people and in real life,” added he. “Such rootedness is not a perfunctory formality; instead, it is about transforming the accumulation of life into artistic truth.”

Film for the people

Tian Hua, 97 years old and one of the eight artists who received the reply letter, still clearly remembers the classic lines from the film The White-haired Girl in which she starred back in 1951. She cherishes opportunity deeply and polishes her role repeatedly in the over 40 works that she has starred. She has been awarded honors such as the People’s Artist, National Film Artist with Outstanding Contributions, and the Lifetime Achievement Award for Acting at the Golden Rooster and Hundred Flowers Awards. 

“One may grow old, but art is evergreen. Both portraying the role of ‘a daughter of the Party’ in the same-named movie well and always retaining the true character of ‘a daughter of the Party’ are my unremitting life pursuits,” she told the People’s Daily. 

Tian and seven other film artists have created a large number of classic films over the decades, which are “important treasures in the history of Chinese cinema,” He Ying, president of Beijing Film Co, Ltd told the Global Times. “Creating for the people, paying tribute to the people, and putting the people at the center are important reasons why these classic films can transcend time and remain fresh and relevant.”

In 1905, a silent, 30-minute black-and-white reel captured Peking Opera master Tan Xinpei performing as an ancient general, Huang Zhong, in Dingjun MountainChina’s first-ever film – ushering in an era of visual storytelling for the nation.

Now, 120 years later, China has rewritten global box office records with Ne Zha 2, an animated epic that stands as the highest-grossing animated film of all time and one of the top five films worldwide by total earnings. 

China is now the world’s second-largest film market. In 2024, over 1.01 billion cinema visits were recorded across the country, Xinhua reported. 

As of July 22, data from online platform Maoyan showed that China’s box office revenue for 2025 – including presales – had exceeded 31.5 billion yuan (about $ 4.39 billion). The country is also playing an increasingly influential role in reshaping the global cinematic landscape with the A-listed Beijing International Film Festival and the Shanghai International Film Festival. 

Create more outstanding works

Reading the reply letter from Xi has inspired and encouraged the broader film community to strengthen cultural confidence, stay rooted in real life, and make new contributions to the prosperity of the arts and the building of a culturally strong nation. 

Chen Daoming, a renowned actor and chairman of the China Film Association, said Xi’s reply letter offers a guiding framework for the Chinese film industry.

“It’s an essential and profound source of inspiration,” Chen told CCTV News, who was one of the authors of the letter to Xi. 

“I hope that through our joint efforts, we can create many outstanding works that contribute to the prosperity of the arts and the building of a culturally strong nation,” Chen said. 

“In such a great era, we will live up to Xi’s earnest expectations. We will use more outstanding works to demonstrate China’s cultural confidence, the beauty of China, and the beauty of the Chinese people,” said renowned actor Zhang Yi in an interview with CCTV News on July 12.

“We must keep in mind Xi’s instructions, learn from the fine traditions of veteran filmmakers, and draw nourishment from China’s time-honored traditional culture as well as the vibrant ‘realities’ of the reality,” said Chinese director and actor Wu Jing in a CCTV News interview on July 12. 

For Song Xiaoying, “it has been more than 50 years, and I have never left the film industry.”

“I feel like I have regained my youth and vitality, reading Xi’s letter. I still consider myself young, and I act in films every year,” said Song, who will leave for a new film shooting in the Guangxi Zhuang Autonomous Region in August.

“I am willing to keep working hard, keep acting, and present more excellent works to the people. And I am really enjoying it.” 

 

Giti Tire – A 2025 Conferred 3 Heart Company of Good

SINGAPORE, July 23, 2025 /PRNewswire/ — On 17 July 2025, Giti Tire was honoured to be conferred as a 3 heart Company of Good at the 2025 Company of Good Conference & Conferment held at the Fairmont Singapore. This event was graced by Coordinating Minister of Social Policies and Minister of Health, Mr Ong Ye Kung and was an event to behold with Giti among close to 400 local and international organisations to be recognised at this momentous event.

What is Company of Good?

Company of Good is a strategy helmed by the Singapore National Volunteer & Philanthropy Centre (NVPC) that engages organisations to adopt Corporate Purpose and demonstrate impact across the People, Society, Governance, Environment and Economic dimensions.

The Recognition – 3 Heart Company of Good

Expanding from the past “Champions of Good” recognition, that mainly focused on corporate giving aimed at creating social impact, the new Company of Good looks into a company’s corporate purpose and how this purpose addresses all 5 impact areas.

Taking into account existing standards, marks and awards, the Company of Good recognition harmonises the various accolades an organisation has obtained from the Singapore government and other pertinent and global institutions. The conferment as a Company of Good as such reflects the holistic contributions that an organisation has achieved at a national and international level.

This year, Giti Tire was honoured to be one of 79 companies to be conferred as a 3 Heart Company of Good. Recognised for being a leading organisation with an established purpose and a clear plan to scale efforts.

Giti’s Journey to Becoming a Company of Good

From high-level directives and thought-leading discussions from shareholders to the daily decisions of frontline staff and the ongoing engagement Giti has with stakeholders at every point in its value chain, Giti has integrated its sustainability framework into every level of its organisation, ensuring that sustainability is not just an afterthought, but is a key point of consideration in any process. As Giti continues to roll out progressive sustainability training, both in-person and online, Giti aims for every one of its employees to be motivated on a personal level to play an active role in realizing a positive impact on not just profit, but also planet and people.

Trained in LEAN principles, Giti staff are empowered to propose and run LEAN projects to reduce environmental impact and increase operational efficiencies. Around the world, Giti continues to champion sustainability projects covering biodiversity, reforestation, support of the under-privileged and young, among other areas. Championing diversity in the workforce, Giti has employees from over 20 different nationalities and invests in upskilling its workforce to meet the advancing demands of the industry.

Giti is driven to creating a lasting impact on society, Giti continues to grow its sphere of impact, sustainably expanding its operations and increasing collaborations with other like-minded organisations. Being a leader in the automotive tire industry, Giti also engages with suppliers to ensure that the entire tire value chain is increasingly sustainable and that suppliers are also committed to achieving increasingly green production.

The Road Forward

“It was my privilege to stand on stage with sustainability revolutionaries and visionaries in today’s corporate landscape” said Dr Pang Chong Hau, Chief Sustainability Office at Giti Tire, as he descended the stage after Giti was conferred. “We continue to look internally and externally, identifying areas of improvement and need that we can work on to address the needs of corporation, people and planet.”

In the immediate future, Giti will continue to strive to reach its goals before its reported milestones, striving for ISCC+ certification by 2026 and will increase its efforts to lower carbon consumption per unit of tire and increase its carbon sequestration through reforestation and generating renewable energy. Giti will also sustain its support of local and international social needs, supporting the education of future generations and raising awareness of road safety in all markets where we are able.

“It is truly an honour to be conferred with so many other like-minded organisations across Singapore” followed Dr Pang, “We will continue to take a proactive approach to leading our industry toward a greener future, starting at the highest levels of thought and following through to implement on the ground. We are dedicated to being a force of positive action and to live up to the honour of being recognised as a Company of Good.”

Giti Tire Chief Sustainability Officer, Dr Pang Chong Hau, receiving the conferment on behalf of Giti Tire at the 2025 Company of Good Conference & Conferment
Giti Tire Chief Sustainability Officer, Dr Pang Chong Hau, receiving the conferment on behalf of Giti Tire at the 2025 Company of Good Conference & Conferment

Giti Tire:

Giti Tire is one of the largest tire companies in the world in terms of both volume and revenue. With a brand portfolio including Giti, GT Radial and Runway, the company offers a complete product range for global distribution including passenger car, SUV, van, light truck (PCR), heavy truck and bus (TBR).

Giti Tire is focused on building sustainable partnerships with distributors, retailers, truck and bus fleets, vehicle manufacturers and other leading industry companies and organisations to provide high-quality products with excellent service.

Founded in 1993 and headquartered in Singapore, the company has grown to over 28,000 employees globally and distributes to more than 130 countries.

Giti Tire’s state-of-the-art European R&D facilities are located in Hannover, Germany collaborates closely with the renowned MIRA facility in the UK, working in conjunction with other global research and development centres in China, Indonesia and the USA.

In Singapore, Giti Tire continues to work closely with the Singapore Road Safety Council to educate the public on road safety practices, sharing tips on how to care for tires to ensure a safe drive on our streets.

Giti Tire is fully committed to maintaining the very highest standard of quality control procedures and has obtained IATF 16949:2016 accreditation for all of its manufacturing plants. All plants have also obtained ISO14001 Environmental Management System Accreditation.

Further information can be found at www.giti.com.

For further information please contact:
Jack Ho
Giti Tire Global Trading
Contact Number: +65 6249 5370
E-mail: jack.ho@giti.com

HeyMax Acquires Hong Kong’s krip to Accelerate Regional Expansion into Loyalty and Rewards Market

HeyMax’s first acquisition fast-tracks its regional expansion, bringing over 6,000 credit card deals offered by over 3,000 merchants, and personalized loyalty experiences to consumers in Hong Kong and travelers visiting the city.


SINGAPORE and HONG KONG SAR – Media OutReach Newswire – 23 July 2025 – HeyMax, a leading loyalty and travel rewards platform based in Singapore, today announced that it has acquired krip, Hong Kong’s leading fintech platform delivering the city’s first integrated platform for credit card benefits. The move accelerates HeyMax’s entry into Hong Kong’s loyalty and rewards market as part of its regional expansion.

“This is a strategic step forward in our mission to make travel more accessible through everyday spending. The krip team brings deep domain expertise in Hong Kong’s loyalty and rewards space, along with strong local relationships and B2B insights that are critical as we expand across the region. With Hong Kong and Singapore as core markets, this acquisition accelerates our presence in a key financial and travel hub, and sets the foundation for new global partnerships that bring even more value to consumers across Asia,” said Joe Lu, CEO and cofounder of HeyMax.

Launched in 2022, krip set out to help consumers spend smarter by simplifying how they discover and access credit card rewards and benefits. To date, the platform has aggregated over 6,000 credit card deals offered by more than 3,000 retail merchants, providing a personalized experience for users to manage all their cards in one place. krip enables financial institutions to build greater customer loyalty, supporting an estimated US$7.4 billion in additional annual card spending. With clients including livi Bank, Grantit, and other financial institutions and retail partners, krip has reimagined how customers interact with their credit cards to deliver greater engagement and loyalty.

“At krip, our mission has always been to empower consumers to spend smarter. By helping consumers realize more value from their everyday spend, we have unlocked new ways of how financial institutions, retail merchants and consumers can better interact with each other to maximize engagement and loyalty in the digital age. Joining forces with HeyMax opens up exciting opportunities for us to deliver on our mission and to realize our mutual vision to bring greater value to consumers at scale,” said David B. Wang, former CEO and founder of krip.

As part of the acquisition, Wang will transition to the Global Head of Loyalty Partnerships and General Manager of Hong Kong at HeyMax, where he will lead local market strategy and support global partnerships growth. Benjamin Quinlan has also been appointed as Senior Advisor of Financial Services Partnerships. As CEO & Managing Partner of Quinlan & Associates, Quinlan joins HeyMax from his role as Chairman of krip, bringing his extensive experience in the financial services and fintech sector across Asia to HeyMax.

The krip brand will be retired following the acquisition, with key team members integrated into the broader organization. Existing krip users will be invited to register as HeyMax users and receive free Max Miles, giving them immediate access to the platform’s expanding ecosystem of travel and rewards partners.

The acquisition also reflects the strength of Hong Kong’s fintech innovation pipeline. Backed by Cyberport’s Incubation Programme, krip received funding, access to student talent, and connections to key partners that supported its growth and expansion into overseas markets.

The acquisition lays the groundwork for HeyMax’s official launch in Hong Kong in the coming months, where both local users and travelers visiting the city will be able to access the platform’s growing network of rewards.

With a strengthened local presence and leadership team, HeyMax is well-positioned to accelerate partnerships with banks, fintechs, and consumer brands across the market. HeyMax has launched a waitlist for users in Hong Kong. Early sign-ups will receive priority access and exclusive rewards upon launch. Interested users can join the waitlist at https://hk.heymax.ai/waitlist.

Hashtag: #HeyMax


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

About HeyMax

HeyMax is a leading loyalty and travel rewards platform that turns everyday spending into meaningful travel, based in Singapore. HeyMax is on a mission to bring more joy and empathy to the world through travel. Its vision is to make travel more accessible and rewarding for everyone by turning the things you already do into free trips, year after year.

Users earn Max Miles from over 500 top merchants and redeem them directly for over 30 flights, hotels, and rewards programs, or use them for gift cards. Max Miles never expire, come with no fees, and offer unmatched flexibility for modern travelers.

HeyMax is backed by leading investors including January Capital, Monk’s Hill Ventures, Tenity, Ascend Angels, and XA Network. For more information, please visit . To be among the first to experience HeyMax in Hong Kong, join the waitlist at.

About krip

krip is Hong Kong’s most comprehensive, personalized and centralized credit card deals and offers platform, empowering consumers to spend smarter with innovative technology and information transparency. With over 6,000 credit card deals and offers, 3,000 merchants and 500 credit and debit cards listed, krip is the go-to place for consumers looking to get the most out of their cards. krip is backed by the Cyberport Incubation Programme and was recognized by the Hong Kong SAR Government in ICT Awards 2023, achieving Award of the Year and Fintech Grand Award, being the first fintech company to win the overall award since its inception.

Panduit Wins Asia Responsible Enterprise Award 2025 for Empowering Youth through Skills Development

SINGAPORE, July 23, 2025 /PRNewswire/ — Panduit Corp has been awarded the prestigious Asia Responsible Enterprise Award (AREA) 2025 under the Social Empowerment category for its flagship initiative, the APAC Skills Change Lives Campaign. Presented by Enterprise Asia, the award recognizes Panduit’s outstanding contributions in bridging the skills gap and advancing youth empowerment across the Asia-Pacific region.

AREA Award 2025
AREA Award 2025

Experience the full interactive Multichannel News Release here: https://www.multivu.com/panduit/9345351-en-panduit-wins-asia-responsible-enterprise-award-2025-for-empowering-youth-through-skills-development

Panduit, a leading global manufacturer of high-quality electrical and network infrastructure, launched the APAC Skills Change Lives Campaign in response to rising youth unemployment and a growing skills mismatch in the Asia-Pacific region — an issue magnified in the post-COVID digital economy. Through strategic partnerships with educational institutions, industry leaders, and government agencies, Panduit empowers students with vocational education, technical training, and real-world experience to thrive in a fast-evolving job market. The campaign began in Singapore and has since expanded to China and Japan, creating sustainable opportunities for youths across the region.

The initiative is built on four key pillars: technical training centres, online learning platforms, skills competitions, and internships. Notable efforts include two state-of-the-art labs at ITE College East in Singapore, a simulated data center at Shanghai Zhonghua Vocational School, and support for youth skills forums in Japan. Students benefit from industry-relevant instruction, real-world experience, and access to Panduit’s online learning platform.

The program also sponsors major skills competitions such as WorldSkills Singapore and WorldSkills ASEAN, giving students opportunities to gain national recognition and boost their career readiness.

“We are honored to receive the AREA 2025 award. This recognition reinforces our belief that investing in youth skills is a powerful way to uplift individuals and communities,” said Mr. Harry Woo, Managing Director and Senior Vice President (Asia Pacific) of Panduit Singapore.

Expanding Impact Across APAC

Looking ahead, Panduit aims to expand the campaign into more Asia-Pacific markets, with a focus on underserved youth. Plans include opening new training centers, enhancing digital learning access, and tailoring programs to local workforce needs. The goal: to equip the next generation with in-demand skills in network infrastructure, smart manufacturing, and digital technologies — building sustainable careers and inclusive economies.

Why Panduit Was Recognized

Enterprise Asia selected Panduit for this award based on the campaign’s lasting social impact and its strong alignment with six United Nations Sustainable Development Goals (SDGs). The company’s ability to align business expertise with community needs set it apart. The campaign demonstrates a clear commitment to:

  • Quality Education (SDG 4) – through hands-on and digital learning
  • Decent Work & Economic Growth (SDG 8) – by enhancing employability
  • Industry, Innovation & Infrastructure (SDG 9) – via technical excellence
  • Reduced Inequalities (SDG 10) – by targeting underserved communities
  • Sustainable Cities & Communities (SDG 11) – through local talent development
  • Partnerships for the Goals (SDG 17) – via cross-sector collaboration

Enterprise Asia commended Panduit for setting a benchmark in how business can be a force for good—using innovation not only to lead markets but to uplift lives and strengthen the social fabric of the Asia-Pacific region.

More information can be found on the official AREA website: PANDUIT CORP | Asia Responsible Enterprise Awards

About Panduit

Panduit is a leading global manufacturer of high-quality electrical and network infrastructure and connectivity solutions. Operating from our headquarters in Tinley Park, Ill., USA, and across 112 worldwide locations, we drive innovation through strategic R&D investments and breakthrough product development while providing seamless global support and service. Since 1955, our commitment to our customers and partners has remained constant. And together, with them, we create exceptional solutions that support their businesses in a way that’s good for them and good for the world. Panduit is making connections that matter. For more information, visit www.panduit.com.

EDXM International’s New Perpetual Futures Platform Goes Live

Virtu Financial, LTP, Hidden Road Partners, DV Chain, CoinRoutes, and Amber Group included in partner ecosystem to provide deep liquidity and competitive pricing to institutional market participants at launch

SINGAPORE, July 23, 2025 /PRNewswire/ — EDXM International today announced that its new perpetual futures exchange is now live. The exchange is purpose-built for institutional traders pursuing capital-efficient crypto strategies and deep liquidity. EDXM International clients can now trade perpetual futures contracts across 44 trading pairs, including Bitcoin, Ethereum, Solana and XRP.

Backed by many of the world’s leading financial institutions and venture capital firms, EDXM International equips institutional traders and other market participants with high-performance infrastructure designed to minimize collateral requirements. Its perpetual futures trading venue leverages the latest technology to improve trade execution using the company’s in-house, proprietary matching engine to further low-latency digital assets trading. In addition to better trade execution, EDXM International’s pricing consistently outperforms incumbent crypto exchanges, with the cost to trade better or on par with global Tier 1 exchanges.

EDXM International also features Smart Collateral Management (“SCM”), an innovative solution for liquidity providers to quote on multiple markets in the most capital-efficient way possible without compromising risk exposure on the venue. SCM is unique and EDX International is the first crypto venue to offer this kind of solution.

“This launch represents a major milestone in shaping a more efficient and accessible digital assets ecosystem for the industry,” said Kal Chan, Managing Director, EDXM International. “We’re addressing long-standing barriers to institutional participation by reducing collateral requirements and offering deep, consistent liquidity. There is significant pent-up demand for digital assets in the region, and our perpetual futures platform marks just the beginning of our commitment to building the robust market infrastructure that institutions need to trade with confidence.”

The new venue is supported by an integrated network of top-tier liquidity providers, prime brokerage and OEMS partners, including Amber Group, CoinRoutes, DV Chain, Hidden Road Partners, LTP, and Virtu Financial. These institutional partners play a critical role in setting up a solid market foundation, contributing liquidity and supporting overall trading activity and platform efficiency.

“Virtu’s focus has always been on providing transparent, deep liquidity across asset classes, and we’re pleased to support EDXM International’s new platform as it enhances institutional access to digital assets,” said Brett Fairclough, co-president and co-chief operating officer at Virtu Financial. “EDXM International’s innovative use of smart collateral management sets a new standard for capital efficiency in crypto.”

“EDXM International’s venue aligns with our mission to deliver integrated, full-service prime brokerage solutions for the digital asset ecosystem,” said Jack Yang, Founder and CEO at LTP. “We’re pleased to be among the first to go live, where we will enhance market activity and drive essential liquidity for institutional clients who demand transparent, secure, and sophisticated access to digital assets.

“With institutional demand for sophisticated, secure digital asset trading products continuing to grow, the launch of EDXM International’s perpetual futures exchange represents an advancement in market infrastructure,” said Michael Higgins, International CEO and Global Head of Corporate Development for Hidden Road. “Our modern prime brokerage platform is purpose-built to provide market participants with the tools and support required for efficient, institutional-grade access to digital assets, and we look forward to servicing EDXM International and Hidden Road’s joint clients as they engage with the venue.”

“As a leading global market maker, we see the launch of perps on EDXM International as a meaningful step forward in market maturity,” said Michael Herman, Head of APAC at DV Chain. “We’re proud to support this next phase and remain committed to advancing liquidity, accessibility, and institutional-grade infrastructure in digital assets.”

“We’re proud to support the launch of EDXM International’s perpetual futures platform, which reflects the next evolution of institutional digital asset trading. At CoinRoutes, we believe in empowering clients with faster, and cheaper execution, and EDXM’s infrastructure aligns seamlessly with our mission,” said Ian Weisberger CEO of CoinRoutes.

“We’re excited to support EDXM International’s launch as it brings a new level of performance and reliability to digital asset trading,” said Luke Li, Co-Founder and Head of Markets at Amber Group. “Its institutional-grade infrastructure and focus on capital efficiency resonate strongly with our mission to help shape a more mature and accessible market for institutional participants globally.”

About EDXM International

EDXM International is a fast-growing digital asset trading venue for institutional clients that leverages best practices from traditional financial markets on a purpose-built crypto platform. EDXM International’s robust liquidity environment, modern technology and nonconflicted business model are designed to meet the needs of both crypto-native firms and the world’s largest financial institutions. EDXM International is a subsidiary of EDX Markets Holding Company Inc.

About EDX

EDX is a digital asset technology firm that combines an institution-only trading venue with a central clearinghouse. EDX Markets, our flagship marketplace, is designed to emulate the world’s most sophisticated exchanges, with deep liquidity, firm prices and low trading costs. EDX has structured its business to minimize risk for its members while providing a diverse array of operational and capital efficiencies. Backed by some of the world’s leading trading and venture capital firms, EDX is actively developing new features and expanding its geographic presence to deliver trusted, liquid and efficient crypto trading experiences for all institutions. To learn more, visit edxmarkets.com.

Media Contact

Forefront Communications
Jberlin@forefrontcommunications.com

Disclaimer: 

EDXM International is not regulated by MAS and is different from the exempted entity EDXM Global Pte. Ltd.

EDXM International’s products and services are not available for persons or entities in US, EU and UK and any marketing done is not directed at persons or entities based in US, EU and UK.

All services and products of EDXM International are only directed toward professional investors or accredited investors or expert investors with sophisticated understanding of underlying risks.

European poultry at WOFEX 2025: The EU champions quality, sustainability, and transparency

MANILA, Philippines, July 23, 2025 /PRNewswire/ — The European poultry sector will mark its presence at this year’s World Food Expo (WOFEX) on 6–9th August in Manila. As one of the region’s most renowned food industry trade fairs, WOFEX attracts tens of thousands of visitors, including food professionals and individual consumers.

As part of the “European Poultry – From Our Farms to Your Table” campaign, co-financed by the European Union, a press event will be held on 7 August, bringing together media representatives, industry experts, and key stakeholders. The event will highlight the campaign’s objectives and its message to the Filipino market.

In response to rising consumer expectations and growing demand for transparency across the supply chain, the European Union emphasizes more than just taste and nutritional value. European poultry is synonymous with high standards, sustainable development, and modern technology. The three-year campaign in the Philippines aims to raise awareness of the quality and responsibility inherent in EU food production.

European poultry production stands out globally for a range of innovative solutions and practices:

  • commitment to circular economy principles
  • reduced consumption of natural resources—up to 50% less than in past decades
  • investments in automation and smart energy solutions
  • focus on animal welfare and support for local communities
  • comprehensive effort to minimize food waste across the supply and distribution chain

The EU’s presence — including Poland — at WOFEX 2025 is a strategic step toward positioning European poultry as a high-quality, safe, and ethical product. The campaign targets both Filipino importers and distributors, as well as consumers who are becoming increasingly attentive to the origin and quality of the food they purchase. 

The Philippines offers tremendous potential for European producers. With a rapidly expanding middle class and growing demand for certified, high-quality protein, European poultry is well-positioned for long-term success. The project is being implemented by an industry organization from Poland: the National Poultry Council – Chamber of Commerce, acting on behalf of the European poultry sector. 

Learn more:  www.eupoultry.eu
Media inquiries: pressoffice@eupoultry.eu

The project is being implemented by an industry organization from Poland: the National Poultry Council – Chamber of Commerce, acting on behalf of the European poultry sector.

/DISREGARD RELEASE: SPX FLOW, INC./

We are advised by SPX FLOW, INC. that journalists and other readers should disregard the news release, Junlebao Chooses APV to Expand Shelf-Stable Milk Capacity into Southern China, issued 09-July-2025 over PR Newswire.