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Tailored for Southeast Asia, Honored with German Red Dot Award, Midea Numen AC Brings Innovative Designs


ESSEN, GERMANY – Media OutReach Newswire – 30 May 2025 – Midea, the world’s No.1 residential inverter air conditioner company, has reached a new milestone as its Midea Numen air conditioner won the prestigious German Red Dot Product Design Award 2025. Featuring an AI system and innovative structural design, Numen enhances energy efficiency and cooling experience, quickly gaining popularity in Malaysia and Thailand.

Midea Numen AC for Southeast Asia Earns German Red Dot Award for Groundbreaking Designs
Midea Numen AC for Southeast Asia Earns German Red Dot Award for Groundbreaking Designs

Powered by the advanced AI ECOMASTER system, Numen balances energy saving with optimal comfort by adapting to environmental conditions and user preferences. With precise temperature control of ±0.3°C and verified 30% extra energy savings, it delivers smart, efficient cooling. Complementing this, Midea’s cutting-edge inverter technology—backed by 27 years of development and over 3,300 patents—ensures high performance and reliability.

Numen improves user experience with COOLFLASH technology that drops room temperature by 5°C within 10 minutes, even during extreme heat of up to 55°C. Its upgraded I-Clean frost cleaning removes more dust and bacteria, while the AIR MAGIC ion generator eliminates viruses efficiently. Designed for Southeast Asia’s humid climate, it uses Prime Guard’s six-layer protection including anti-corrosion copper tubes and UV-coated PCBs for durability. Thai and Malaysian customers are surprised by its cooling effectiveness, quiet operation, and reliable service.

Numen’s innovative PULL-DOWN STRUCTURE revolutionizes installation and maintenance by providing easy access to internal components, reducing PCB replacement to 74 seconds and motor replacement by 72%. For users, it

simplifies cleaning with a taller air outlet and easily removable louvers, ensuring long-term efficiency and less downtime.

With over 20 years of overseas market cultivation, Midea has established manufacturing and R&D centers in Southeast Asia, focusing on localized design and production. Committed to advancing inverter technology, Midea aims to deliver energy-efficient, user-friendly air conditioners that meet practical consumer needs in the region.

Midea Official Website
Thailand https://www.midea.com/th
Malaysia https://www.midea.com/my
Indonesia https://www.midea.com/id
Vietnam https://www.midea.com/vn
The Philippines https://www.midea.com/ph

Hashtag: #Midea

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

DFI Retail Group Divests Shares in Robinsons Retail


HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – DFI Retail Group Holdings Limited (‘DFI’ or the ‘Group’) today announces the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. (‘RRHI’), representing approximately 22.2% of RRHI’s outstanding shares. This transaction reflects DFI’s strategic pivot from a portfolio investor to a focused operating company, enabling the Group to divest minority positions and redeploy capital to support the growth and higher returns of subsidiary businesses.

DFI first became a significant minority shareholder in RRHI in 2018 through the share-for-share swap transaction involving Rustan Supercenters, Inc.

Following this divestment, the Group will review the use of the divestment proceeds to support its capital allocation strategy and long-term growth priorities which include – but not be limited to – expanding digital retail media, advancing own brand innovation, and enhancing omnichannel capabilities across its key markets.

DFI remains confident in RRHI’s long-term prospects and the continued success of their exclusive distribution of Meadows and Guardian brands.

Scott Price, Group Chief Executive of DFI Retail Group, said, “We would like to sincerely thank the Robinsons Retail team for their hard work, partnership, and commitment over the years. Our collaboration has been instrumental in growing our presence in the Philippines, and we look forward to continuing this strong relationship as we each focus on our strategic priorities.”

“This transaction represents a significant step in our evolution as an operating company, enabling us to redeploy capital to support growth and enhance shareholder returns across our subsidiary businesses. We will evaluate the deployment of divestment proceeds to ensure alignment with our capital allocation strategy and long-term growth ambitions.”

The transaction was executed via a special block sale on the Philippine Stock Exchange, with pricing agreed upon based on prevailing market conditions and strategic considerations.
Hashtag: #DFIRetailGroup

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

DFI Retail Group

DFI Retail Group is a leading Asian retailer, driven by its purpose to ‘Sustainably Serve Asia for Generations with Everyday Moments’.

As at 31 December 2024, the Group, its associates and joint ventures operated over 10,700 outlets, of which more than 5,000 stores were operated by subsidiaries. The Group, together with associates and joint ventures, employed over 190,000 people, with over 45,000 people employed by subsidiaries. The Group had total annual revenue in 2024 of US$24.9 billion and reported revenue of US$8.9 billion.

The Group is dedicated to delivering quality, value and service to Asian consumers through a compelling retail experience, supported by an extensive store network and highly efficient supply chains.

The Group, including associates and joint ventures, operates a portfolio of well-known brands across six key divisions: health and beauty, convenience, food, home furnishings, restaurants and other retailing.

The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.

A Decade of Excellence: Huatai Securities Celebrates H-Share Anniversary

  • Huatai Securities has continuously expanded its international presence since its H-share listing a decade ago.
  • Over the past ten years, Huatai Securities has facilitated nearly 600 domestic and international financing deals for enterprises globally, with a total fundraising volume of approximately USD 280 billion.

HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – As Huatai Securities approaches the 10th anniversary of its H-share listing, the Company recently hosted a forum in Hong Kong themed “Technology Reshaping Hong Kong’s Financial Future,” underscoring its commitment to expanding its international presence by fostering innovation and collaboration in Hong Kong and beyond.

The event convened guests from the government, academia, business partners, and the investment community to explore strategic pathways for Chinese enterprises to leverage Hong Kong in the restructuring of global industrial chains.

Paul Chan, Financial Secretary of the Hong Kong SAR, delivered the opening remarks at the forum, stating: “Over the past decade, Hong Kong’s capital market has continuously advanced through reforms, significantly enhancing its role in connecting the Mainland and the world. Amidst rapid global changes, China’s innovative technology sector and its emerging enterprise value are creating new development opportunities for Hong Kong’s financial market. Chinese financial institutions are key to this progress, and the SAR government anticipates collaborative efforts to accelerate our capital markets’ development.”

Carlson Tong, Chairman of Hong Kong Exchanges and Clearing Limited, emphasized the importance of Hong Kong as the Mainland’s preferred offshore financing destination: “In the past decade, Hong Kong has raised over USD 300 billion in IPOs, primarily driven by Chinese enterprises. With technological innovation increasingly shaping our capital market, Hong Kong continues to provide vital financing channels for the global expansion of outstanding Chinese tech companies through ongoing institutional innovation.”

Over the past decade, Hong Kong has solidified its position as a leading financial hub, achieving HKD 2.2 trillion in IPO fundraising and ranking first globally on four occasions. As the IPO market regains its status as the second-largest globally in 2025, the increasing interest of Chinese technology companies in international capital reflects a broader transformation within Hong Kong’s financial landscape.

In this dynamic environment, Huatai Securities has emerged as one of the main participants in Hong Kong’s capital markets. Since the Company’s H-Share listing, Huatai has facilitated nearly 600 financing deals, amassing a total fundraising volume of approximately USD 280 billion. Since 2022, the Company has sponsored 29 IPOs in Hong Kong, ranking second among all market participants. In the first five months of 2025 alone, the Company sponsored 6 IPOs, maintaining its second-place ranking.[1] Its international footprint extends beyond Hong Kong, with operations in the United States, a GDR listing on the London Stock Exchange, and a licensed subsidiary in Singapore.

Zhou Yi, CEO of Huatai Securities, remarked: “Hong Kong’s strengths as an international financial center have been instrumental in helping Chinese enterprises, including Huatai Securities, grow and succeed globally over the past decade. Our focus on client service, innovation, technology, and international expansion has driven our transformation into a global firm. Looking forward, we will continue to partner with domestic and international players to explore new opportunities and create mutual value.”

The forum also featured insights from Professor Li Zexiang of HKUST, founder of XbotPark, who shared key achievements from his decade-long efforts to integrate industry, academia, and research. Entrepreneurs from sectors including biopharmaceuticals, consumption, and autonomous driving gathered to discuss how industrial trends and technology shifts are reshaping global strategies and competitiveness for enterprises.


[1] Source: Dealogic data.

Hashtag: #Huatai #HuataiSecurities

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

About Huatai Securities

Incorporated in April 1991, Huatai Securities is a leading technology-driven securities group in China, with a highly collaborative business model, a cutting-edge digital platform and an extensive and engaging customer base. It provides comprehensive financial services to individual and institutional clients, including wealth management, investment banking, sales and trading, investment management, among others, with a substantial international presence.

Qudian Inc. Reports First Quarter 2025 Unaudited Financial Results

XIAMEN, China, May 30, 2025 /PRNewswire/ — Qudian Inc. (“Qudian” or “the Company” or “We”) (NYSE: QD), a consumer-oriented technology company in China, today announced its unaudited financial results for the quarter ended March 31, 2025.

First Quarter 2025 Financial Highlights:

  • Total revenues were RMB25.8 million (US$3.6 million), compared to RMB55.8 million for the same period of last year
  • Net income attributable to Qudian’s shareholders was RMB150.1 million (US$20.7 million), compared to net loss of RMB73.6 million for the same period of last year; net income per diluted ADS was RMB0.87 (US$0.12) for the first quarter of 2025
  • Non-GAAP net income attributable to Qudian’s shareholders was RMB150.1 million (US$20.7 million), compared to non-GAAP net loss of RMB73.5 million for the same period of last year. We exclude share-based compensation expenses from our non-GAAP measures. Non-GAAP net income per diluted ADS was RMB0.87 (US$0.12) for the first quarter of 2025

The Company’s last-mile delivery business continued to face intense competition in the first quarter of 2025, resulting in a substantial decline in revenue to approximately RMB23.8 million in the first quarter of 2025, compared to RMB53.8 million for the same period of last year. After assessing current market conditions, the Company is contemplating winding down its last-mile delivery business. Moving forward, the Company expects to remain steadfast in its commitment to executing its business transition and simultaneously maintaining prudent cash management to safeguard its balance sheet.

First Quarter Financial Results

Sales income and others decreased by 53.8% to RMB25.8 million (US$3.6 million) from RMB55.8 million for the first quarter of 2024, which was primarily due to the decrease in sales income generated from last-mile delivery business as a result of the increased competition in the industry.

Total operating costs and expenses decreased to RMB91.3 million (US$12.6 million) from RMB128.4 million for the first quarter of 2024.

Cost of revenues decreased by 54.8% to RMB26.2 million (US$3.6 million) from RMB58.0 million for the first quarter of 2024, primarily due to the decrease in service cost related to last-mile delivery business as a result of the decline in delivery order volume.

General and administrative expenses decreased by 15.6% to RMB48.3 million (US$6.7 million) from RMB57.3 million for the first quarter of 2024, primarily due to the decrease in staff compensations.

Research and development expenses decreased by 17.6% to RMB13.1 million (US$1.8 million) from RMB15.9 million for the first quarter of 2024, as a result of the decrease in staff head count, which led to a corresponding decrease in staff salaries.

Loss from operations was RMB65.5 million (US$9.0 million), compared to RMB72.5 million for the first quarter of 2024.

Interest and investment income, net increased by 205.3% to RMB165.4 million (US$22.8 million) from RMB54.2 million for the first quarter of 2024, mainly attributable to the increase of income from investments in the first quarter of 2025.

Gain/(loss) on derivative instrument was a gain of RMB47.3 million (US$6.5 million), compared to a loss on derivative instrument of RMB36.5 million for the first quarter of 2024. The gain was mainly due to the realized investment income of derivative instrument.

Net income attributable to Qudian’s shareholders was RMB150.1 million (US$20.7 million), compared to net loss attributable to Qudian’s shareholders of RMB73.6 million in the first quarter of 2024. Net income per diluted ADS was RMB0.87 (US$0.12).

Non-GAAP net income attributable to Qudian’s shareholders was RMB150.1 million (US$20.7 million), compared to non-GAAP net loss attributable to Qudian’s shareholders of RMB73.5 million in the first quarter of 2024. Non-GAAP net income per diluted ADS was RMB0.87 (US$0.12).

Cash Flow

As of March 31,2025, the Company had cash and cash equivalents of RMB4,822.9 million (US$664.6 million) and restricted cash of RMB782.2 million (US$107.8 million). Restricted cash mainly represents security deposits held in designated bank accounts for the guarantee of short-term borrowings. Such restricted cash is not available to fund the general liquidity needs of the Company.

For the first quarter of 2025, net cash provided by operating activities was RMB254.3 million (US$35.0 million), mainly due to the net proceeds from realized investment income of short-term investments. Net cash provided by investing activities was RMB389.1 million (US$53.6 million), mainly due to proceeds from withdrawal of deposit pledged as collateral for derivative instrument and partially offset by purchase of short-term investments. Net cash used in financing activities was RMB73.0 million (US$10.1 million), mainly due to the repurchase of ordinary shares.

Last-mile Delivery Business

In December 2022, the Company launched its last-mile delivery services under the brand name of “Fast Horse” to capitalize on the logistics demand for cross-border e-commerce transactions. The business was initially launched on a trial basis and has gradually achieved meaningful scale in Australia during the second quarter of 2023. As of the date of this release, the Company’s last-mile delivery service is encountering intense competition and uncertainty. After assessing current market conditions, the Company is contemplating winding down its last-mile delivery business. The Company intends to continue exploring innovative business opportunities to satisfy consumers’ demand by leveraging its technology capabilities.

Update on Share Repurchase

Our Board approved a share repurchase program in March 2024 to purchase up to US$300 million worth of Class A ordinary shares or ADSs in the next 36 months starting from June 13,2024. From the launch of the share repurchase program on June 13, 2024 to May 26, 2025, the Company has in aggregate purchased 21.8 million ADSs in the open market for a total amount of approximately US$52.0 million (an average price of $2.4 per ADS) pursuant to the share repurchase program.

As of May 26, 2025, the Company had in aggregate purchased 176.1 million ADSs for a total amount of approximately US$746.2 million (an average price of $4.2 per ADS).

About Qudian Inc.

Qudian Inc. (“Qudian”) is a consumer-oriented technology company. The Company historically focused on providing credit solutions to consumers. Qudian is exploring innovative business opportunities to satisfy consumers’ demand by leveraging its technology capabilities.

For more information, please visit http://ir.qudian.com.

Use of Non-GAAP Financial Measures

We use Non-GAAP net income/loss attributable to Qudian’s shareholders, a Non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders helps identify underlying trends in our business by excluding the impact of share-based compensation expenses, which are non-cash charges. We believe that Non-GAAP net income/loss attributable to Qudian’s shareholders provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP net income/loss attributable to Qudian’s shareholders is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This Non-GAAP financial measure has limitations as an analytical tool, and when assessing our operating performance, cash flows or our liquidity, investors should not consider them in isolation, or as a substitute for net loss /income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP.

We mitigate 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 our performance.

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

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the noon buying rate in effect on March 31, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Statement Regarding Preliminary Unaudited Financial Information

The unaudited financial information set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company’s year-end audit, which could result in significant differences from this preliminary unaudited financial information.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States 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. Among other things, the expectation of its collection efficiency and delinquency, contain forward-looking statements. Qudian 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 Qudian’s beliefs 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: Qudian’s goal and strategies; Qudian’s expansion plans; Qudian’s future business development, financial condition and results of operations; Qudian’s expectations regarding demand for, and market acceptance of, its products; Qudian’s expectations regarding keeping and strengthening its relationships with customers, business partners and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Qudian’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Qudian does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Qudian Inc.
Tel: +86-592-596-8208
E-mail: ir@qudian.com 

 

 

QUDIAN INC.

Unaudited Condensed Consolidated Statements of Operations

Three months ended March 31,

(In thousands except for number

2024

2025

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

Revenues:

Sales income and others

55,849

25,789

3,554

Total revenues

55,849

25,789

3,554

Operating cost and expenses:

Cost of revenues

(58,036)

(26,239)

(3,616)

Sales and marketing

(105)

(1,448)

(200)

General and administrative

(57,261)

(48,344)

(6,662)

Research and development

(15,853)

(13,064)

(1,800)

Reversal of expected credit losses on receivables and other assets

3,223

957

132

Impairment loss from other assets

(350)

(3,160)

(435)

Total operating cost and expenses

(128,382)

(91,298)

(12,581)

Other operating income

22

35

5

Loss from operations

(72,511)

(65,474)

(9,022)

Interest and investment income, net

54,187

165,435

22,798

Loss from equity method investments

(1,377)

(Loss)/Gain on derivative instruments

(36,517)

47,328

6,522

Foreign exchange gain/(loss), net

218

(2,402)

(331)

Other income

7,391

5,666

781

Other expenses

(247)

(439)

(60)

Net (loss)/income before income taxes

(48,856)

150,114

20,688

Income tax expenses

(24,754)

(9)

(1)

Net (loss)/income

(73,610)

150,105

20,687

Net (loss)/income attributable to Qudian Inc.’s  shareholders

(73,610)

150,105

20,687

(Loss)/Income per share for Class A and Class B ordinary shares:

Basic

(0.38)

0.90

0.12

Diluted

(0.38)

0.87

0.12

(Loss)/Income per ADS (1 Class A ordinary share equals 1 ADSs):

Basic

(0.38)

0.90

0.12

Diluted

(0.38)

0.87

0.12

Weighted average number of Class A and Class B ordinary shares outstanding:

Basic

194,517,922

167,011,354

167,011,354

Diluted

199,633,026

171,896,551

171,896,551

Other comprehensive gain/(loss):

Foreign currency translation adjustment

24,076

(9,307)

(1,283)

Total comprehensive (loss)/income

(49,534)

140,798

19,404

Total comprehensive (loss)/income attributable to Qudian Inc.’s shareholders 

(49,534)

140,798

19,404

 

 

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets

As of December 31,

As of March 31,

(In thousands except for number

2024

2025

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

ASSETS:

 Current assets:

 Cash and cash equivalents

4,263,312

4,822,853

664,607

 Restricted cash

781,187

782,169

107,786

 Time and structured deposit

2,009,019

2,203,627

303,668

 Derivative instruments-asset

18,139

2,500

 Short-term investments

1,118,547

1,430,652

197,149

 Accounts receivables

34,275

15,068

2,076

 Other current assets

1,933,182

1,098,972

151,442

 Total current assets

10,139,522

10,371,480

1,429,228

 Non-current assets:

 Right-of-use assets

158,007

123,731

17,051

 Investment in equity method investee

146,101

146,012

20,121

 Long-term investments

78,987

78,987

10,885

 Property and equipment, net

1,586,034

1,584,931

218,409

 Intangible assets

2,207

2,064

284

 Other non-current assets

353,369

345,448

47,604

 Total non-current assets

2,324,705

2,281,173

314,354

TOTAL ASSETS

12,464,227

12,652,653

1,743,582

QUDIAN INC.

Unaudited Condensed Consolidated Balance Sheets (Continued)

As of December 31,

As of March 31,

(In thousands except for number

2024

2025

of shares and per-share data)

(Unaudited)

(Unaudited)

RMB

RMB

US$

LIABILITIES AND SHAREHOLDERS’ EQUITY 

 Current liabilities: 

 Short-term borrowings and interest payables

720,000

720,000

99,219

 Short-term lease liabilities

18,697

13,015

1,793

 Derivative instruments-liability

89,895

129,436

17,837

 Accrued expenses and other current liabilities 

262,078

377,375

52,003

 Income tax payable 

33,423

33,313

4,591

 Total current liabilities 

1,124,093

1,273,139

175,443

 Non-current liabilities: 

 Long-term lease liabilities

48,706

20,795

2,866

 Total non-current liabilities 

48,706

20,795

2,866

 Total liabilities 

1,172,799

1,293,934

178,309

 Shareholders’ equity: 

 Class A Ordinary shares 

132

132

18

 Class B Ordinary shares 

44

44

6

 Treasury shares 

(1,419,286)

(1,491,531)

(205,538)

 Additional paid-in capital 

4,026,668

4,025,406

554,716

 Accumulated other comprehensive loss 

13,751

4,444

612

 Retained earnings 

8,670,119

8,820,224

1,215,459

 Total shareholders’ equity 

11,291,428

11,358,719

1,565,273

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 

12,464,227

12,652,653

1,743,582

 

 

QUDIAN INC.

Unaudited Reconciliation of GAAP And Non-GAAP Results

Three months ended March 31,

2024

2025

(In thousands except for number

(Unaudited)

(Unaudited)

of shares and per-share data)

RMB

RMB

US$

Total net (loss)/income attributable to Qudian Inc.’s shareholders

(73,610)

150,105

20,687

Add: Share-based compensation expenses 

107

Non-GAAP net (loss)/income attributable to Qudian Inc.’s shareholders

(73,503)

150,105

20,687

Non-GAAP net (loss)/income per share—basic

(0.38)

0.90

0.12

Non-GAAP net (loss)/income per share—diluted

(0.38)

0.87

0.12

Weighted average shares outstanding—basic

194,517,922

167,011,354

167,011,354

Weighted average shares outstanding—diluted

199,633,026

171,896,551

171,896,551

 

 

 

JURASSIC WORLD: THE EXPERIENCE, A NEW IMMERSIVE WALK-THROUGH EVENT OPENS IN CLOUD FOREST AT GARDENS BY THE BAY

SINGAPORE, May 30, 2025 /PRNewswire/ — Jurassic World: The Experience has officially opened within the breathtaking, misty landscapes of Cloud Forest at Gardens by the Bay to explorers who have been eagerly awaiting their first opportunity to step foot inside Jurassic World and get closer to life-sized dinosaurs than ever before.

 

Set in front of the iconic cascading waterfall in Cloud Forest, Gardens by the Bay, the official opening ceremony was attended by Guest-of-Honour Mr. Heng Swee Keat and hosted by NEON and Gardens by the Bay, with support from Universal Destinations & Experiences.

Left to Right:  Mr. Felix Loh (CEO, Gardens by the Bay), Mr. Niam Chiang Meng (Chairman, Gardens by the Bay), Mr. Heng Swee Keat, Mr. Ron Tan (Group CEO, NEON) and Mr. Campbell Swann (Vice President, International Operations, Universal Destinations & Experiences)
Left to Right: Mr. Felix Loh (CEO, Gardens by the Bay), Mr. Niam Chiang Meng (Chairman, Gardens by the Bay), Mr. Heng Swee Keat, Mr. Ron Tan (Group CEO, NEON) and Mr. Campbell Swann (Vice President, International Operations, Universal Destinations & Experiences)

The exhibition engages audiences of all ages in settings inspired by Universal Pictures and Amblin Entertainment’s Jurassic World franchise and is produced by NEON in conjunction with Universal Live Entertainment, Animax Designs – the creators of the lifelike animatronic dinosaurs, and Gardens by the Bay, the perfect setting to transport visitors hundreds of millions of years back in time to a period when dinosaurs dominated.

We are thrilled to bring Jurassic World: The Experience to life through a perfect fusion of storytelling, technology, and nature right here in the heart of Gardens by the Bay,” said Mr. Ron Tan, Group CEO of NEON. “This immersive experience marks another milestone in NEON’s mission to redefine how stories are told, reflecting our ongoing commitment to pushing the boundaries of experiential entertainment, while co-creating world-class attractions with partners who share our vision. Together with Universal Live Entertainment and Gardens by the Bay, we invite audiences to step into a realm where imagination and science converge, to experience the wonder of dinosaurs like never before.”

Mr. Felix Loh, CEO of Gardens by the Bay said, “Gardens by the Bay leverages nature as a canvas to create refreshing, new experiences to engage a broad spectrum of people. For Jurassic World: The Experience, Cloud Forest has been transformed into a landscape that transports visitors back millions of years, where life-sized dinosaurs roam a dense and misty forest. The incredible level of immersion aside, an educational journey is also woven into the adventure, where visitors of all ages can learn more about the prehistoric plant life that continues to shape our world even today.”

“We are excited to give our global fanbase yet another way to be immersed in Jurassic World: The Experience through our unique style of storytelling,” said Gerald Raines, Senior Vice President, Location-Based Experiences, Universal Destinations & Experiences. “By placing the adventure within the living landscape of the Cloud Forest at Gardens by the Bay, this experience goes beyond a traditional exhibition.”

     

Visitors can see the dinosaurs up close as they make their way through Cloud Forest, which has been transformed into a lush, prehistoric wonderland filled with plants and ecosystems from the Jurassic period.

Within this landscape, across various experiential zones, and across major botanical touchpoints, visitors will encounter opportunities to:

  • Seize the rare opportunity to engage with the intelligent and fiercely loyal Velociraptor – Blue, whose piercing gaze is both captivating and chilling.
  • Bond with the adorable dinosaur babies of Jurassic World, where you’ll experience firsthand the unique connection between humans and these ancient creatures.
  • Stroll through the Evolution Walk, where you can venture back to a time before the age of dinosaurs, to learn about ancient plant species that existed long before the emergence of those that bear flowers. Evolution Walk features reconstructions of ancient plants that have become extinct, in an eye-opening showcase of how plants have evolved.
  • Marvel at delicate eggs and newborn dinosaurs inside the incubators. And for a truly unforgettable moment, witness nature’s own creation in action at the Pteranodon Nest.
  • Feel the texture of prehistoric dinosaur skin, breathe in the earthy scent of ancient forests, extract DNA from fossilized amber.
  • Come face-to-face with a ferocious, animatronic T-rex, then make your way to safety by slipping through a shattered fence, underneath her massive jaws.
  • Witness nature’s time capsule and see how something as simple as tree sap became the treasure troves of DNA that made Jurassic World possible.

Jurassic World: The Experience will take place in Cloud Forest at Gardens by the Bay from 29 May 2025, for a limited time.  Operating hours are Monday – Sunday: 9:00-21:00(Last admission: 20:00). Admission tickets to Jurassic World: The Experience start from $22 for Singapore residents, $32 for non-residents, and are available for sale to the public at www.gardensbythebay.com.sg/ticketing.

For more information please visit: https://jurassicworldexperience.com/sg/
Follow Jurassic World:  The Experience

Use hashtags #JWExperience and #DinosInSingapore to join the conversation

PRESS KIT

About NEON  

NEON is a global leader in creating and producing experiential entertainment. NEON enjoys worldwide partnerships with The Walt Disney Company and Marvel Entertainment for Marvel Avengers S.T.A.T.I.O.N., 20th Century Studios for AVATAR: The Experience, Hasbro for Transformers: The Experience, NBCUniversal for Jurassic World: The Exhibition, and Jurassic World: The Experience.  NEON also has a partnership with Warner Bros. Discovery Themed Entertainment for Harry Potter: Visions of Magic, currently open in Resorts World Sentosa, Singapore.  Additionally, a brand new, DC experience is slated to debut in 2026. The Company also partners with the governments of Egypt and Peru for their original artefact IP experiences, Ramses & the Gold of the Pharaohs and Machu Picchu and the Golden Empires of Peru, respectively, plus authentic artefact tours Pompeii: The Exhibition, and Mummies of the World: The Exhibition.

The Group’s IP experiences are powered by ANIMAX, a fully owned subsidiary and a world-class creative animatronics powerhouse that specialises in research and development, engineering and entertainment robotics, with state-of-the-art facilities located in Nashville, US, Wuxi, China and the Middle East.

NEON’s global partnerships have enabled the Group to bring compelling experiences that leave lasting memories to millions of visitors in more than 80 cities to date globally. For more information, please visit www.neonglobal.com.

About Universal Destinations & Experiences

Universal Destinations & Experiences, a unit of Comcast NBCUniversal, offers guests around the globe the world’s most innovative, thrilling, and popular entertainment experiences. Our portfolio is comprised of world-class theme parks featuring the industry’s most thrilling and technologically advanced attractions, exceptional hotel and resort properties, and unique merchandise, games, culinary, virtual, and live entertainment experiences. All are designed to create immersive, memorable, and emotionally fulfilling moments for people of all ages looking to take their accommodations and entertainment to new heights. For more information, visit corporate.universaldestinationsandexperiences.com.

About the JURASSIC WORLD Franchise

From Universal Pictures and Amblin Entertainment, Jurassic World immerses audiences of all ages in a new era of wonder and thrills where dinosaurs and humankind must learn to coexist. Jurassic World is more than a film franchise. At every turn, this $6 billion film series delivers a larger-than-life destination for exploration, discovery, and epic adventure. Dinosaurs live again and they live in Jurassic World.

About Gardens by the Bay

An integral part of Singapore’s “City in Nature” vision, Gardens by the Bay is a national garden and premier horticultural attraction that showcases the best of garden and floral artistry for all to enjoy. Spanning 101 hectares in the heart of Singapore’s downtown Marina Bay, it comprises three waterfront gardens – Bay South, Bay East, and Bay Central. Bay South, the largest at 54 hectares, officially opened on 29 June 2012.

Guided by the vision to be a world of gardens for all to own, enjoy and cherish, the Gardens’ extensive plant collection, ever-changing floral displays, and myriad of engaging programmes have captured the imagination of many, while its Gift of Gardens community initiative, with Mr. Tharman Shanmugaratnam, President of the Republic of Singapore as Patron, reaches out to people from all walks of life.

Since opening, Gardens by the Bay has welcomed more than 100 million visitors and garnered numerous international accolades including the eighth top attraction in the world in Tripadvisor Travelers’ Choice Awards Best of the Best 2024, Outstanding Achievement in Sustainability at the Singapore Tourism Awards 2024, Best Theme Attraction at TTG Travel Awards 2022 and 2023, and Best Attraction Experience at the Singapore Tourism Awards 2019. The Gardens continues to refresh and refine its offerings, to be a place that everyone can enjoy – a garden where wonder blooms.

For more information, visit www.gardensbythebay.com.sg

The GULU Introduces Smart Queuing Solutions to Address Long Wait Times at Chong Kee Gold Shop in Hong Kong Amid Gold Price Surge


HONG KONG SAR – Media OutReach Newswire – 30 May 2025 – In response to the recent surge in gold prices and the resulting long queues, THE GULU is announcing its collaboration with Chong Kee Gold Shop in Central to implement an advanced queuing solution. This initiative aims to improve the management of long queues outside Chong Kee and alleviate congestion in front of the shop, ensuring faster service for customers selling or buying gold.

At the end of April, Chong Kee Gold Shop faced unprecedented customer volume as gold prices surpassed $3,500 per ounce, leading many sellers to sell gold and causing long queues to form outside the store. According to multiple media reports, the shop was bustling, and the extended wait times posed challenges for both customers and staff.

THE GULU, with its professional queuing solutions, is providing a comprehensive queuing system that not only streamlines the waiting process but also allows Chong Kee Gold Shop customers to enjoy a smoother selling or buying experience. In addition to the ticketing machines chosen by Chong Kee Gold Shop, which allow customers to wait orderly according to system-assigned numbers without fear of missing their call, reducing on-site confusion and unnecessary wait times. THE GULU also offers smart queuing services, allowing customers to reserve their queue position through THE GULU app, reducing wait times and ensuring a more orderly flow of people.

THE GULU Is Helping Chong Kee Gold Shop Meet Its Challenges:

The queuing solutions bring several benefits:

  1. Alleviating congestion in front of the shop: In Hong Kong’s hot and humid summer weather, customers no longer need to wait outside for extended periods. They can wait for their number to be called in a shaded area, avoiding exposure to the sun and enjoying a smoother selling or buying experience.
  2. Higher operational efficiency: Staff can focus on serving customers rather than managing crowds. In addition to customers being able to enter the shop faster, this also helps reduce staff workload.
  3. Data analysis support: Ticketing machines can record the daily number of service users and peak hours, helping Chong Kee Gold Shop better understand resource allocation and quickly respond to high customer volumes due to persistently high gold prices.

“At THE GULU, we pride ourselves on being an industry leader in queuing solutions,” said Eric, founder of THE GULU. “Our rapid response to Chong Kee’s needs highlights our commitment to helping Hongkongers save time, using digital technology to improve queuing issues, and enhance the quality of life for citizens.”

The new system has shown positive results, with customers expressing satisfaction with the reduced wait times and improved service quality. Through the digitized queuing process, Chong Kee can now manage customer flow more effectively, allowing staff to focus on providing excellent service.

As major financial institutions continue to favor gold prices and Hongkongers have a time-is-money mentality, THE GULU will strive to support businesses like Chong Kee in quickly addressing these challenges. Our queuing solutions not only help manage people flow, but as pioneers of mobile queuing, we ensure businesses benefit from operational efficiency, enhance their technological image, and customers can flexibly arrange their time and enjoy better service.

To learn more about how THE GULU can assist your business in optimizing customer flow and enhancing service efficiency, please visit https://bit.ly/3FqQvru to see various success stories from our clients!

Use the promo code “GOLDGULU” to book a free on-site demonstration and enjoy special offers for new customers. Offers are subject to terms and conditions.

GET “GOLDGULU” OFFER NOW: email us at marketing@thegulu.com or call +852 2295 5922

Hashtag: #THEGULU #queue #lineup #crowdmanagement #goldprice

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

About THE GULU

THE GULU is a Hong Kong company focused on smart living and efficient queuing, a leading app that uses technology to put Hongkongers’ efficiency-first mentality into practice. We focus on technology and customer service, providing innovative solutions for businesses to enhance operation efficiency and customer satisfaction.

Wang Lao Ji (WALOVI) Showcases at ASEAN-GCC-China Economic Forum, Plans Localized Production in Malaysia

KUALA LUMPUR, Malaysia, May 30, 2025 /PRNewswire/ — Guangzhou Pharmaceutical Holdings Limited (GPHL), a Fortune Global 500 company, has taken a significant step forward in its global collaboration efforts. From May 27, the ASEAN-GCC-China Economic Forum 2025 was held in Kuala Lumpur, with GPHL participating as an invited guest. During the event, Wang Lao Ji (WALOVI), a well-established brand in China recognized for its herbal ingredients and health-oriented formulations, has attracted notable interest. Wang Lao Ji (WALOVI) products from Guangzhou Wang Lao Ji Great Health Industry Co., Ltd. (Hereafter referred to as “Wang Lao Ji Great Health Industry“), a GPHL subsidiary, are now available in over 100 countries and regions, demonstrating strong brand power through its No.1 global sales volume as the leading herbal drink for five consecutive years (2020-2024).*. In its latest Malaysia move, Guangzhou Wang Lao Ji Great Health Industry entered into production partnerships with Baosteel Can Making (Malaysia) Sdn. Bhd. and P.C.I. Professional Canning Industries Sdn. Bhd. These agreements mark the localization of Wang Lao Ji (WALOVI)’s production capabilities in Malaysia, reinforcing its commitment to long-term market engagement in Southeast Asia.

Wang Lao Ji (WALOVI) Showcases at ASEAN-GCC-China Economic Forum
Wang Lao Ji (WALOVI) Showcases at ASEAN-GCC-China Economic Forum

Held from May 27–28, the ASEAN-GCC-China Economic Forum 2025 and ASEAN-GCC Economic Forum 2025 brought together senior officials from ASEAN, the Gulf Cooperation Council (GCC), and the Chinese government to explore shared economic opportunities under the theme “Synergizing Economic Opportunities Toward Shared Prosperity”. Representatives from leading global enterprises, including GPHL, contributed to discussions on sustainable development and cross-order collaboration.

At the forum, Wang Lao Ji (WALOVI) drew attention for its distinctive packaging and refreshing herbal taste, highlighting its appeal as a naturally sourced beverage choice.

On May 27, Guangzhou Wang Lao Ji Great Health Industry formalized agreements with Baosteel Can Making (Malaysia) Sdn. Bhd. and P.C.I. Professional Canning Industries Sdn. Bhd. at Baosteel’s production facility in Selangor, Malaysia, deepening its local manufacturing footprint.

Baosteel Can Making (Malaysia) Sdn. Bhd., a subsidiary of Shanghai Baosteel Packaging, operates advanced production lines in Malaysia with an annual capacity of 800 million cans. P.C.I. Professional Canning Industries Sdn. Bhd., a key player in Southeast Asia’s packaging sector, offers extensive regional expertise.

These partnerships reflect Wang Lao Ji (WALOVI)’s strategy of “glocalization”—combining its brand heritage with local production efficiency to better serve Southeast Asian consumers. By integrating into Malaysia’s manufacturing ecosystem, the brand aims to strengthen supply chain resilience and expand accessibility across the region.

Guided by its “Product-Channel-Brand-Culture” (PCBC) Global Value Model, Wang Lao Ji (WALOVI) is deepening its presence in Asia, including Indonesia, Thailand, and Nepal, through partnerships that prioritize local needs and cultural relevance.

*Source: Frost & Sullivan, confirmed based on research on global herbal drinks market, based on the global annual sales of herbal drinks in 2020, 2021, 2022, 2023 and 2024;
Herbal drinks refer to beverages that made from herbals or herbal extracts that are processed or fermented; The survey was completed in May 2025

 

JETOUR Achieves No.1 Sales Among Chinese Brands in Middle East from January to April 2025

DUBAI, UAE, May 30, 2025 /PRNewswire/ — JETOUR has secured the No. 1 position among Chinese auto brands in the Middle East from January to April 2025, over 20,000 units sold across key markets including Saudi Arabia, the UAE, Iraq, Qatar and Kuwait.

This milestone reflects the brand’s fast-rising popularity and the successful execution of its localization strategy, which emphasizes regional suitability in terms of design, performance, and value. JETOUR’s core SUV lineup is engineered to meet the unique demands of Middle East drivers—featuring enhanced cooling systems, spacious interiors, and off-road capabilities tailored to local terrains and climates.

A major contributor to this success is JETOUR’s dynamic T series, particularly the T1 and T2 models. The T2, positioned as a rugged adventure SUV is redefining the off-road SUV category. With monthly sales surpassing 3,000 units, it ranks first place among Chinese SUV brands. Features such as an upgraded 8-speed automatic transmission, hybrid technology, and lifestyle like the T2 i-DM appeal to adventure enthusiasts and outdoor users.

The JETOUR T1 had its global launch event in Saudi Arabia this February. Its rugged aesthetic design and intelligent technology features, along with the latest upgraded 2.0T high-performance engine, XWD intelligent all-wheel-drive system, and exclusive color versions, have sparked extensive discussions among the media and users.

Together, the T1 and T2 models form a powerful product matrix that JETOUR refers to as “1 + 1 > 2.” This approach enables the brand to simultaneously cover both urban and off-road segments, giving it a unique edge over other competitors in the region.

In addition to its vehicle offerings, JETOUR’s success has been driven by a strong local presence. The company has invested in after-sales service, established strategic partnerships, and expanded showroom networks—boosting customer trust and loyalty across the Gulf countries.

JETOUR’s achievement in Middle East is not just a sales victory, but a critical step in its global journey. With a clear vision and a strong product lineup, the brand is steadily advancing towards becoming”The World’s Leading Hybrid Off-road Brand”.