AFP – Thai Prime Minister Paetongtarn Shinawatra survived a no-confidence vote in parliament on Wednesday, defeating a challenge from opposition parties who accused her of being a puppet of her father, billionaire ex-premier Thaksin Shinawatra.
Thai PM Survives No-Confidence Vote

Presented by K11 Art Foundation, Philip Colbert’s monumental sculpture THE LOBSTER PAINTER – a collaboration with Co-Museum – along with five other works create an immersive city takeover
The sculptures are now available for public viewing at various locations across K11 MUSEA and add a bold, interactive dimension to Hong Kong’s city-wide celebration of the arts From 26 March to 13 May 2025 at GF, Promenade, K11 MUSEA
HONG KONG SAR – Media OutReach Newswire – 26 March 2025 – British artist Philip Colbert‘s newest work, THE LOBSTER PAINTER, and five signature lobster sculptures transform K11 MUSEA into a vibrant hyper-pop world. With the aim of bringing art to the community, the artworks are presented by K11 Art Foundation (KAF) and merge art, technology, and accessibility. The monumental artwork, THE LOBSTER PAINTER, is a collaboration between Colbert and Co-Museum, and is a striking 7.5-metre-high steel sculpture on public view from today till 13 May 2025.

To celebrate the launch of the public artwork, an exclusive kiosk pop-up has opened on the promenade at K11 MUSEA and Avenue of Stars offering limited-edition special Asset-Backed Collectible (ABC) versions of THE LOBSTER PAINTER. These 33-centimetre collectible figure, (Original Edition priced at HKD 3,888; Gold Edition priced at HKD 14,888) are a collaboration between Philip Colbert and Co-Museum, enabling collectors to become co-collectors of the monumental sculpture through blockchain technology.

Each collectable will represent a shared connection to the monumental sculpture itself, while, through blockchain-powered ABCs, collectors will become co-collectors of THE LOBSTER PAINTER. As a special highlight, co-collectors will also have the unique opportunity to have their names on a sign at the base of the collectable. Part of the proceeds from the sale of the collectable will be used to continue supporting the development of contemporary art through KAF’s art and culture programmes.

For those unable to attend in person, the limited-edition ABCs will also be available for purchase online at K11 Experience, co-museum.shop and www.philipcolbert.com.
Five of Colbert’s signature lobster sculptures will also be on display inside K11 MUSEA until 13 April. Four of them — Lobster Flower, Lobster Fountain, Lobster Totem, and Daydreamer — will be located at the MUSE EDITION. The fifth sculpture, Lobster Soup Can, can be found at the entrance next to Koncierge, further expanding Colbert’s lobster takeover of Hong Kong.

Hashtag: #philipcolbert #co_museum #k11artfoundation #k11musea #TheLobsterPainter
The issuer is solely responsible for the content of this announcement.
About Philip Colbert
“I became an artist when I became a Lobster,” – Philip Colbert.
Born in Scotland and living and working in London, Colbert is often referred to as the “godson of Andy Warhol”. He has created a global following for his cartoon lobster persona and his masterful hyper-pop history paintings. His work powerfully explores the patterns of contemporary digital culture and its relationship to a deeper art historical dialogue. After graduating with an MA in Philosophy from St. Andrews University, Colbert’s work has received international acclaim in museums and galleries worldwide for his energetic new approach to painting and pop theory. Following on from early Pop painters such as Richard Hamilton, Roy Lichtenstein and James Rosenquist, Colbert’s paintings cross high art themes from old master paintings and contemporary art theory with everyday symbols of mass contemporary culture, all narrated through the eyes of Colbert’s cartoon Lobster alter ego. He has been championed as a contemporary pop master by art world figures such as Charles Saatchi & Simon de Pury.
About K11 Art Foundation
Founded by Dr. Adrian Cheng in 2010, K11 Art Foundation is a non-profit organisation in Hong Kong dedicated to fostering the development of Asian contemporary art. Since its inception, its scope has expanded to include supporting the global art ecosystem to champion emerging artists from across Asia, reflecting the diversity and dynamism of the continent’s art scene. In 2023, K11 Art Foundation International Council was established to empower and support the next generation of Asian artists, to continue establishing partnerships with leading art and cultural institutions around the world to create impactful cross-cultural exchanges and contribute to the expanding global contemporary art discourse. These include the K11 Artist Prize and K11 Curator Prize, prestigious awards that recognise and honour exceptional Asian artists and Asian art curators; and the K11 Salon, a global series of talks which aim at fostering international dialogues on arts and culture.
About K11 MUSEA
Hong Kong’s Silicon Valley of Culture, K11 MUSEA, is the latest cultural-retail destination in Victoria Dockside located on the harbourfront of Tsim Sha Tsui. Inspired by ‘A Muse by the Sea’, K11 MUSEA is designed to enrich new consumers’ daily lives through the power of creativity, culture and innovation. A destination 10 years in the making, K11 MUSEA opened its doors in August 2019 to usher in a new era of cultural-retail which speaks to the growing consumer demand for immersive experiences in art, culture, nature and commerce.
About Co-Museum
Co-Museum is an art & cultural collective aimed at widening art ownership to a broader audience. Pioneers of the asset-backed collectable (ABC) standard, Co-Museum enables access of artworks and artefacts traditionally owned by the top 1% by connecting fractional ownership of the base asset with art collectables that include physical, digital & communal components. Together, Co-Museum aims to usher in a new paradigm for art ownership and put art back in the hands of the people.
Great World Residences unveils new name and brand identity

SINGAPORE – Media OutReach Neswire – 26 March 2025 – Great World Residences, formerly known as Great World Serviced Apartments, proudly announces its new name and refreshed brand identity, marking more than 25 years of providing exceptional serviced residential living. At the heart of this transformation is a comprehensive refurbishment of its apartments and facilities, including a brand-new pickleball court set to open in Q2 this year, further elevating the living experience for its residents.
Great World Residences’ new tagline – Discover your world within ours, invites residents to integrate their unique lifestyles into its expansive and welcoming environs, reflecting its commitment to provide an esteemed living space where personal and communal worlds coexist harmoniously.
“This brand refresh embodies our dedication to creating a home that resonates with our residents’ aspirations and lifestyles,” says Darren Cher, Senior General Manager of Great World Residences. “We are excited to welcome guests into this new chapter of Great World Residences, where warmth, sophistication, and connection define everyday living.”
Unparalleled connectivity and convenience in the heart of Singapore
Centrally located in the prime River Valley precinct next to Great World shopping mall, Great World Residences offers easy access to a myriad of shopping, dining, and entertainment options, as well as the city’s business hubs, embassies and hip lifestyle enclaves such as Robertson Quay and Clarke Quay.
With Great World MRT station just a 3-minute walk away, residents can enjoy quick and direct links to Singapore’s premier Orchard Road retail belt and the Central Business District, all within a 10-minute subway ride on the Thomson-East Coast line.
Inspiring abodes for every lifestyle
Residents have everything they need and more to feel right at home at Great World Residences, which boasts a wide selection of 1 to 4-bedroom residences designed to suit various lifestyle needs. Elegantly furnished with a contemporary appeal, its spacious layouts span 74 to 204sqm to accommodate travellers, executives, couples, families, and even pet lovers with their fur kids. All of its 304 residences come fully-equipped, coupled with thoughtful family-friendly touches such as complimentary high chairs, cots and children’s cutlery available upon request.
Residents enjoy access to extensive recreational facilities such as a swimming pool, 24-hour gymnasium, Jacuzzi, basketball and tennis courts and a steam room, as well as indoor and outdoor playgrounds for the little ones. The property also has a lounge with workstations and meeting rooms, and provides housekeeping and guest services to ensure a seamless and comfortable stay.
To learn more about Great World Residences and its offerings, visit stay.greatworld.com.sg.
For reservations, please email apartments@greatworld.com.sg or call +65 6722 7000.
Please follow us on Facebook and Instagram: @staygwr
For the publication of images, please indicate Copyright ©Great World Residences.
Hashtag: #GreatWorldResidences
The issuer is solely responsible for the content of this announcement.
Zeagoo Europe Launches Limited-Time 30% Off Spring/Summer Event

BERLIN, GERMANY – Media OutReach Newswire – 25 March 2025 – Zeagoo Europe is set to launch its highly anticipated Spring/Summer 2025 promotion, running from March 25 to March 31, under the theme “Spring Fashion – New Look, New Surprises.” During this limited-time campaign, customers can enjoy 30% off a curated selection of seasonal essentials designed to refresh and elevate warm-weather wardrobes.
Adding depth and excitement to the event, Zeagoo unveils an exclusive influencer collaboration with international fashion icon Georgina Mazzeo, who brings her signature style to a special edit of handpicked dresses—“Georgina’s SS25 Faves”—offering fresh inspiration for the season’s most wearable trends.
The Zeagoo x Georgina Mazzeo collaboration features six effortlessly stylish summer dresses, each designed for comfort, versatility, and seasonal flair. Highlights include the ZeagooFlowy Midi Dress with petal sleeves and a pleated A-line silhouette—ideal for both casual workdays and beach outings. The Zeagoo Casual Tank Dress stands out with its boho-inspired handkerchief hem and vibrant prints, perfect for relaxed summer styling.
Limited-Time Offer: Unmissable 30% Off Spring/Summer Essentials
For one week only—March 25 to March 31—Zeagoo Europe is offering an exclusive 30% discount on select Spring/Summer pieces. It’s a rare opportunity to access well-crafted, trend-forward fashion at a significant markdown.
Whether you’re dressing for commute, travel, or weekend city outings, Zeagoo’s promotional collection delivers reliable, on-trend staples at an accessible price point.
Pieces from the Spring/Summer Project:
Zeagoo Women’s Linen V-Neck Tank Top: Crafted from 100% breathable cotton, this lightweight V-neck tank top blends effortless comfort with timeless minimalist style.
Zeagoo Women’s Satin Cami Top: Designed with versatility in mind, it effortlessly elevates both casual and professional outfits.
Zeagoo Women’s Floral A-Line Dress: A versatile, figure-flattering summer dress that combines a chic V-neck wrap look with a stretchy A-line silhouette
Zeagoo Women’s Elegant High Waist Maxi Skirt: A flowy, double-layered A-line skirt with an elastic waist and pockets, combining boho elegance and everyday comfort
Zeagoo Summer V-Neck Tank Dress: Its lightweight fabric and versatile silhouette make it an effortless choice for both casual outings and dressier moments.Hashtag: #Zeagoo
The issuer is solely responsible for the content of this announcement.
About Zeagoo
Founded in 2013, Zeagoo celebrates and enhances women’s confidence with diverse and unique designs. We proudly serve over 20 million customers worldwide and are committed to helping every woman embrace a stylish, free, and unrestricted lifestyle.
Best Mart 360 Announces Annual Results, Recorded Significant Growth in Both Revenue and Net Profit
Proposed a Final Dividend of HK10.0 cents per share
Highlights:
- Revenue increased by 8.2% to approximately HK$2,805.1 million.
- Gross profit increased by 10.6% to approximately HK$1,028.0 million.
- Operating profit recorded approximately HK$315.2 million.
- Profit attributable to owners of the Company increased by 5.3% to approximately HK$247.5 million.
- As at 31 December 2024, the Group operated a total of 176 chain retail stores, including 170 retail stores in Hong Kong and 6 retail stores in Macau.
- Basic earnings per share was approximately HK24.8 cents. The Board recommended the payment of final dividend of HK10.0 cents per share.
Financial Highlights:
HK$’000 |
Year ended
31 Dec 2024 |
Year ended
31 Dec 2023* |
Change |
Revenue | 2,805,146 | 2,592,129 | +8.2% |
Gross profit | 1,027,997 | 929,812 | +10.6% |
Gross profit margin | 36.6% | 35.9% | +0.7 ppts |
Profit attributable to owners of
the Company |
247,522 |
234,959 |
+5.3% |
*Unaudited figures
HONG KONG SAR – Media OutReach Newswire – 25 March 2025 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leisure food retailer in Hong Kong, announced its results for the year ended 31 December 2024 (“the Financial Year under Review”). As the Company changes the financial year end date from 31 March to 31 December, which is different from the length of the previous reporting period, the audited comparative figures may not be fully comparable.
During the Financial Year under Review, the revenue recorded by the Group amounted to approximately HK$2,805,146,000, representing an increase of approximately 8.2% as compared with the unaudited revenue of approximately HK$2,592,129,000 for the year ended 31 December 2023, primarily driven by the Group’s stable stores expansion strategy
During the Financial Year under Review, gross profit was approximately HK$1,027,997,000, compared to the unaudited gross profit of approximately HK$929,812,000 for the year ended 31 December 2023. The Group’s gross profit margin for the Financial Year under Review was approximately 36.6%, representing an increase of 0.7 percentage points compared with approximately 35.9% for the unaudited gross profit margin for the year ended 31 December 2023.
Profit attributable to owners of the Company for the Financial Year under Review was approximately HK$247,522,000 (year ended 31 December 2023: approximately HK$234,959,000 (unaudited)), a 5.3% year-on-year increment. The Group’s net profit margin before interest and tax for the year ended 31 December 2024 was approximately 11.2%, while the unaudited net profit margin before interest and tax for the same twelve-month period in 2023 was approximately 11.4%. The decrease was mainly due to the rising operating cost.
During the Financial Year under Review, basic earnings per share was approximately HK24.8 cents. The Board recommended the payment of final dividend of HK10.0 cents per share.
BUSINESS REVIEW
15 New Retail Stores & Kept Broadening Presence in Hong Kong’s Residential Areas
As at 31 December 2024, the Group operated a total of 176 chain retail stores (31 December 2023: 167 stores), including 170 chain retail stores (31 December 2023: 159 stores) in Hong Kong and 6 chain retail stores (31 December 2023: 7 stores) in Macau respectively. During the Financial Year under Review, the Group opened 15 new retail stores, and closed 6 stores upon expiration of their respective lease terms in alignment with the Group’s expansion strategy adjustment.
Rental expense (cash basis) for retail stores was approximately HK$269,493,000 for the year ended 31 December 2024, as compared with that of approximately HK$241,986,000 for the year ended 31 December 2023 (unaudited), representing an increase of approximately 11.4%. The ratio of rental expense (cash basis) to sales revenue of retail stores for the year ended 31 December 2024 was approximately 9.6%, which was higher than that of approximately 9.3% for the year ended 31 December 2023 (unaudited).
Kept Optimising Product Mix & Increased Share of Sales from Private Label Products
During the Financial Year under Review, the Group continued its global procurement policy and mission by sourcing broad spectrum of products worldwide that meet and satisfy market trend and demand. To better cater to the needs of the local community, the Group further strengthened the supply of basic foodstuffs such as cereals, noodles, canned food, milk, chilled and frozen food, daily necessities and basic grocery products. In addition, the Group continued to strengthen its private label sales in retail stores, including nuts and dried fruits, organic grains, wet tissues, canned food, biscuits and snacks, etc., providing consumers with more diversified choices.
For the year ended 31 December 2024, the Group offered a total of 3,653 stock keeping units (“SKUs”) of products (for the year ended 31 December 2023: 3,945 SKUs) from suppliers principally from China and overseas markets as well as brand owners or importers in Hong Kong.
For the year ended 31 December 2024, approximately 54.9% of the products were purchased from suppliers and brand owners or importers in Hong Kong (for the year ended 31 December 2023: approximately 54.4%), while imports from Japan, China and Europe accounted for approximately 11.7%, 9.8% and 6.3% of the total purchases respectively (for the year ended 31 December 2023: approximately 13.0%, 6.0% and 8.3% respectively).
As at 31 December 2024, the total amount of inventories of the Group amounted to approximately HK$339,513,000 (31 December 2023: approximately HK$276,691,000), a 22.7% year-on-year increment.
During the Financial Year under Review, the Group continued to actively develop private label products that on one hand allow the Group to capture pricing advantages and exercise higher level of quality control on its products and on the other hand further uplift its brand awareness and strengthen customers’ loyalty. For the Financial Year under Review, sales derived from private label products was approximately HK$477,222,000 (for the year ended 31 December 2023: approximately HK$404,078,000), accounted for approximately 17.0% of the Group’s revenue for the Financial Year under Review (for the year ended 31 December 2023: approximately 15.6%). During the Financial Year under Review, the Group had launched an aggregate of 11 private labels, and the products for sale included nuts and dried fruits, organic grains, wet tissues, canned food, biscuits and snacks, etc.
Expanded the Customer Base & Timely Launched Marketing Activities
To further deepen customer stickiness and expand customers’ coverage, the Group used big data analysis and reformulated its marketing strategy to launch a new three-tier membership scheme and a second-generation mobile app in 2020. The new membership scheme helps to elevate brand positioning and market recognition, and the membership rewards have been fully optimised and enhanced, with more member benefits such as multiple items purchase stamp reward, special offers for selected products and access to latest market information.
Through diversified marketing strategies, the Group aims to internally strengthen the membership core from within and attract new customers through external expansion, so as to effectively and purposefully foster the ties between members and the Group, thereby driving recurring business from members and promoting sustainable growth of the Group’s business.
During the Financial Year under Review, the number of the Group’s members increased from approximately 2,123,365 as at 31 December 2023 to approximately 2,280,418 as at 31 December 2024, representing an increase of approximately 7.4%.
To express our gratitude for our customers’ support, the Group launched various marketing and promotional activities during the Financial Year under Review including the “Best Price” promotional campaign, which provided customers with a series of special offers for selected quality products from time to time to enhance customer loyalty. Meanwhile, the Group continued to advertise through television, newspapers, social media platforms and other media, which successfully obtained repeat customers, attracted new customers and greatly promoted the discussions about the Group in the market.
PROSPECTS
In order to maintain robust operational profitability, the Group will continue to review the regional distribution of its brand stores, and adopt appropriate expansion policies and flexible leasing strategies to look for suitable opportunities to expand the retail network for its major retail brands “Best Mart 360° (優品360° )” and global gourmet brand “FoodVille” in Hong Kong and Macau, with a target of achieving a net increase of 10 retail stores annually under its dual-brand model, catering to the diverse needs of different customer segments for quality food products.
Through global sourcing, the Group remains committed to broadening its product categories and maintaining price competitiveness. The Group will continue to source a diverse range of food products worldwide, intensify efforts to develop its private label products, and proactively explore new products to provide customers with a broader range of choices to meet the needs of various consumer groups.
In addition, the Group has entered into a sales and procurement framework agreement with China Merchants Hoi Tung Trading Company Limited (“CMHT”). In 2025, the Group will expand its product sales to and procurement from CMHT and its subsidiaries, facilitating the introduction of several popular brands from Mainland China. The Board believes that through CMHT’s robust network of food importers and distributors, the Group will strengthen its procurement as well as business-to-business (B2B) operations . In addition, the Group has entered into agreements with China Merchants Bonded Logistics Co., Limited* (招商局保稅物流有限公司) and China Merchants Qian Hai Wan (Shenzhen) Supply Chain Management Co., Ltd.* (招商前海灣(深圳)供應鏈管理有限公司). Since last year, they have provided customs clearance, warehousing and related logistics services as well as land transportation services of goods between Shenzhen and Hong Kong and other ancillary services. These have alleviated the pressure on the Group’s warehouses in Hong Kong and reduce overall goods handling costs.
Mr. Hui Chi Kwan, Chief Executive Officer of the Group, said, “As the number of Hong Kong residents traveling abroad continues to rise, along with a shift in the consumption patterns of visitors to Hong Kong, the local retail sector is expected to require additional time to fully recover. In this challenging business environment, the sustained success of our group relies on the steadfast support of our customers and the dedicated efforts of our employees. Looking ahead, the group will persist in implementing timely and adaptive marketing strategies to effectively respond to the dynamic and unpredictable market conditions.”
Hashtag: #BestMart360 #優品360 #AnnualResults #業績 #全年業績
The issuer is solely responsible for the content of this announcement.
Best Mart 360 Holdings Limited
Best Mart 360 Holdings Limited operates chain retail stores under the brand “Best Mart 360˚”, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group’s business objective to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 December 2024, the Group operated a total of 176 chain retail stores, spanning all of the 18 districts in Hong Kong and strategic locations with heavy pedestrian flow in Macau. Among the chain retail stores, the global gourmet brand “FoodVille” launched in September 2021 is also included, targeting the medium-to-high-end-market.
Gaggan In Bangkok Is Named No.1 In The List Of Asia’s 50 Best Restaurants 2025
- Bangkok’s Gaggan claims the title of The Best Restaurant in Asia, sponsored by S.Pellegrino & Acqua Panna
- Bangkok and Tokyo lead the rankings with nine entries each
- Chef Tam’s Seasons (No.9) in Macau soars 40 spots to secure the Highest Climber Award 2025, sponsored by Lee Kum Kee
- Seoul’s Eatanic Garden (No.25) wins the Highest New Entry Award 2025, sponsored by Lavazza
- Dej Kewkacha from Gaggan at Louis Vuitton (No.31) in Bangkok is Asia’s Best Pastry Chef, sponsored by Valrhona
- Vicky Cheng from Wing (No.3) in Hong Kong earns the coveted peer-voted Inedit Damm Chefs’ Choice Award
- Kazutaka Ozawa from Crony (No.30) in Tokyo wins the Asia’s Best Sommelier Award
- Locavore NXT (No.92) in Ubud wins the Sustainable Restaurant Award, sponsored by Hibiki
- The late Margarita Forés, is the posthumous winner of the Woodford Reserve Icon Award
For the full 1-50 list, click here.
SEOUL, SOUTH KOREA – Media OuReach Newswire – 25 March 2025 – Gaggan in Bangkok was named The Best Restaurant in Asia, sponsored by S.Pellegrino & Acqua Panna, at the Asia’s 50 Best Restaurants 2025 live awards ceremony. Voted by the Asia’s 50 Best Restaurants Academy, an influential gender-balanced group of more than 350 experts, this year’s list includes restaurants from 16 cities and seven new entries.
Gaggan Anand, celebrated chef and owner of Gaggan, is known for blending progressive Indian cuisine with influences from Japan, France and Thailand. After multiple iterations of his Bangkok restaurant, previously crowned The Best Restaurant in Asia a record four times, Anand unveiled a reimagined version of his culinary concept in a new location in late 2019. In 2023, the restaurant returned to the Asia’s 50 Best Restaurants list and has steadily risen to the pinnacle.
Hong Kong is represented by seven establishments this year, led by The Chairman at No.2, with Wing following closely at No.3.
William Drew, Director of Content at Asia’s 50 Best Restaurants, says: “This year’s ranking presents a remarkable tapestry of dining establishments across 16 cities, with seven new entries showcasing the exceptional talent and innovative spirit that define Asia’s culinary landscape. Heartfelt congratulations to all the featured restaurants, particularly chef Gaggan Anand and his team at Gaggan, who have impressively secured the title of The Best Restaurant in Asia once again.”
Please find the full press release and images here.
Hashtag: #Asias50Best
https://www.theworlds50best.com/asia/en/
https://www.facebook.com/Asias50BestRestaurants
https://www.instagram.com/50bestbars/
The issuer is solely responsible for the content of this announcement.
Linklogis Releases 2024 Annual Results: Accumulated Transaction Volume Reaching RMB 411.2 Billion, Cash Balance Totaling RMB 5.1 Billion
The company maintains a stable financial position with cash reserve of RMB 5.1 billion. To continuously enhance capital returns to shareholders, the Board of Directors of Linklogis proposes to pay a special dividend of HK$0.03 per share.
Core Business Sustaining Growth, Remarkable Progress in Customer Expansion
In 2024, amidst macroeconomic volatility and ongoing policy support in the supply chain finance technology sector, Linklogis resolutely implemented the dual-wheel development model of ”Strategic Focus + Innovation-Driven”, boosting continued business growth. The total transaction volume processed by its technology solutions reached RMB 411.2 billion, a 28% year-on-year increase. In 2024, the number of anchor enterprise and financial institution customers for Linklogis’ supply chain finance technology solutions increased by 373 to reach a total of 1,108, an increase of 51% from 2023. During 2024, the company has served 377 financial institution customers and partners, including banks, trust companies, insurance asset management companies, securities companies, and fund companies. The overall customer retention rate hit 96%. According to China Insights Consultancy, Linklogis held 21.1% market share, ranking No.1 in the third-party supply chain finance technology solutions providers in China for five consecutive years.
Anchor Cloud and FI Cloud are the key supply chain finance technology solutions of Linklogis, the former including the Multi-tier Transfer Cloud and AMS Cloud, and the latter comprising ABS Cloud and eChain Cloud. In 2024, Anchor Cloud demonstrated strong performance. In the Multi-tier Transfer Cloud segment, the total volume of supply chain asset processed in 2024 amounted to RMB 207.3 billion, representing a year-over-year growth of 52%. The contribution of the Multi-tier Transfer Cloud to the company’s total transaction volume rose to 50%, achieving a customer retention rate of 99%. In the AMS Cloud segment, the total volume of supply chain assets processed reached RMB 75 billion, representing a year-over-year growth of 16%.
In the FI Cloud segment, the total volume of supply chain assets processed by the ABS Cloud in 2024 soared against the market headwind, reaching RMB 54.2 billion, with a 101% year-on-year surge. This remarkable growth was accompanied by notable achievements in product innovations, such as successfully facilitating the issuance of the first Technology Intellectual Property Asset-Backed Note (ABN) in China and assisting Shenzhen Energy Group in issuing the first green asset-backed securities in the Greater Bay Area. In the eChain Cloud segment, the company proactively reduced some low-margin businesses and launched the lightweight one-stop AI Agent for supply chain finance, named “BeeLink AI”, to address the digital transformation needs of financial institutions. The company has formed deep partnership with 18 customers, including Standard Chartered Bank, aiding financial institutions in enhancing operational efficiency.
In 2024, Linklogis strengthened its strategic positioning in core industries such as construction/infrastructure, power equipment, transportation, commerce and retail, successfully achieving business expansion. Linkloigs’ Supply Chain Finance Technology Solutions serve a wide range of anchor enterprises in various sectors and cover all 31 industries listed in the SWS Industry Classification, among which 14 industries contributed more than RMB 5 billion in supply chain asset transactions in 2024. On the anchor enterprise side, the company continued to delve deeply into various regions and industries, focusing on industrial cycle opportunities in “major infrastructure + green energy + advanced manufacturing”, while expanding service networks in key areas such as the Yangtze River Delta, the Beijing-Tianjin-Hebei region, and the Greater Bay Area, transforming more high-quality chain-affiliated ecosystem partners into anchor enterprise customers.
AI Empowering Business Innovation, Driving Intelligent Transformation in the Industry
As a dedicated player in the field of artificial intelligence within China’s supply chain finance technology sector, Linklogis consistently invested into AI technology research and development, as well as application scenarios. This year, based on the LDP-GPT technology, the company innovatively launched the industry’s first lightweight one-stop AI Agent for supply chain finance, named “BeeLink AI”. This platform featured core functions such as multimodal data processing and intelligent review engines, which has been successfully delivered and applied in many financial institutions and won the “Best AI Technology” award from The Asian Banker in 2024. By deepening technical collaboration with DeepSeek large language models, Linklogis aims to further enhance its cognitive engine capabilities, targeting full-process automation in customer management, risk control, and other areas, while significantly reducing operational costs.
In terms of product and scenario innovation, Linklogis has actively accelerated the innovation practice of the “de-anchored” business models for supply chain finance. The company continued to implement data-driven product solutions without clear debtor acknowledgment for comprehensive platform customers, promoting gradual optimization of product portfolios and a steady improvement in revenue quality. During the year, Linklogis partnered with 18 central state-owned enterprises (SOEs) and leading private corporations, including Universal Medical Group, Jiangsu Transportation Holding Group, Yangtze River Industrial Investment Group, Shanghai Urban Construction Group, and Yangtze River Pharmaceutical Group, to implement integrated industry-finance platform projects, further solidifying its leading market position. Additionally, the company is optimizing cross-border cloud services through AI technology. In the overseas market, Linklogis has built full-link logistic financing solutions for logistics service providers of several renowned cross-border e-commerce platforms, significantly improving the efficiency of capital turnover in cross-border trade.
Strategic Acquisitions Expanding Market Reach, Accelerating Global Layout of International Business
Linklogis is unlocking new avenues for growth through strategic acquisitions and globalization strategy. In 2024, the company expanded its business scope and product line by acquiring Shenzhen Bytter Technology Co., Ltd. This transaction will further enrich the company’s product matrix, extending from supply chain financing solutions for upstream and downstream partners of anchor enterprises to group-level capital management solutions. This acquisition will enable Linklogis to provide comprehensive services for upgrading intelligent treasury management platforms, covering from treasury management to supply chain financial system development for central state-owned enterprises (SOEs), large private corporations, and institutional customers, empowering customers to accelerate the establishment of world-class financial management systems.
In the international business segment, the total volume of supply chain assets processed by the Cross-Border Cloud in 2024 reached RMB 20.7 billion, representing a 64% year-over-year growth. Leveraging the dual-engine strategy of “Go Early” and “Go Deep”, Linklogis remains committed to expanding a broad and diverse global partner network, providing cross-border trade financing services for small and medium-sized merchants and helping leading Chinese outbound enterprises expand their global supply chain industry-finance systems. Linklogis announced plans to establish regional operational centers with localized teams in the United States, United Kingdom, and India. These centers will form an integrated operational network with the company’s Asia-Pacific resources at the Singapore international business headquarters, Olea’s industrial ecosystem network in Southeast Asia, and Green Link Digital Bank’s cross-border settlement capabilities. This development marks Linklogis’ advancement into a deeper phase of globalization strategy, comprehensively building a globalized business framework.
Major Milestones in Sustainable Development, Promoting Green Supply Chain Growth
Linklogis actively practices the philosophy of “Technology for Good” and is committed to constructing a new paradigm of digital inclusive finance, centered on the core ESG mission of “technology empowering the development of sustainable supply chain finance”. This year, the assets related to sustainable supply chains processed by Linklogis reached RMB 37.1 billion, representing a significant increase of 93% from last year. The company’s focus areas included renewable energy, rural revitalization, environmental protection, and public health.
Building on the deep integration of ESG principles and industrial digitalization, Linklogis has collaborated with a number of financial institutions since 2022 to jointly explore innovative models of green supply chain finance. This initiative combines AI-driven assessment, environmental pricing mechanisms, and industry-finance collaboration to drive sustainable industrial development. This effort helps thousands and millions of enterprises benefit from digital and technological inclusion, contributing to the development of the real economy and the advancement of the digital economy.
In the ESG field, Linklogis has received widespread industry recognition. The company has received a “Low Risk” rating from the international authoritative ESG rating agency Sustainalytics for three consecutive years. Linklogis was awarded an ESG “A” rating by Wind Information for the first time, ranking 5th among 181 companies in the software services industry assessed. This year, the company was selected for inclusion in the S&P Global’s The Sustainability Yearbook (China Edition) 2024. Linklogis’ ESG solution, “SCeChain” developed in collaboration with Standard Chartered Bank, won the “Best China ESG Solution Award” from The Asset. Linklogis also received the “Excellence in ESG Innovative Practice” and the “Annual ESG Pioneer Award” from Guru Club, as well as the “Most Socially Responsible Public Company” award from Zhitongcaijing, highlighting the company’s outstanding achievements in the field of sustainable development.
Charles Song, the founder, chairman and CEO of Linklogis, said, “In the past year, Linklogis has achieved high-quality growth and innovative breakthroughs. Looking ahead to 2025, Linklogis will focus more on its core business, enhance efficiency, and create new growth curves through the application of AI technology and strategic acquisitions. By focusing on core businesses with long-term revenue sustainability and high profitability potential, Linklogis will optimize resources allocation and implement technology-driven operational efficiency upgrades to return to profitability. Underpinned by stable financial resources, Linklogis will create greater value for its customers, deliver consistent returns to its shareholders, and contribute to the sustainable development of global supply chain finance.”
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