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MICKEY THOMPSON CELEBRATES THE GRAND OPENING OF WORLD’S FIRST RETAIL STORE IN SHANGHAI

SHANGHAI, Feb. 26, 2025 /PRNewswire/ — Mickey Thompson Tires and Wheels, a subsidiary of The Goodyear Tire & Rubber Company, is proud to announce the grand opening of its first-ever retail store worldwide, located in Shanghai, China. This milestone marks a significant expansion of Mickey Thompson’s global presence, following the launch of its latest product lines in China last year.

Nathaniel Madarang, Goodyear Asia Pacific President, said, “The opening of Mickey Thompson’s first retail store marks a key milestone in realizing our vision to make Goodyear #1 in tires and service in Luxury, SUV and EV across Asia Pacific. Goodyear and Mickey Thompson have each played a monumental role in the history of tires for the off-road and 4×4 markets. Now, with over a century of combined expertise, we are excited to build on this momentum, driving innovation and delivering an exceptional off-road experience to enthusiasts across the region.”

Justin Foley, Managing Director of Goodyear Greater China, said, “China’s SUV market is poised for rapid expansion in the coming years, fueled by an increasing number of off-road enthusiasts eager to explore the country’s diverse terrains, ranging from deserts to high-altitude regions. We will continue to expand our product offerings, providing a comprehensive range of off-road tire solutions, to meet the diverse needs of consumers.”

John Bodart, President of Mickey Thompson, said, “We are incredibly proud to bring Mickey Thompson’s legacy of premium quality, durability and traction to China. Our new store in Shanghai represents more than just a retail space; it’s a testament to our commitment to excellence and innovation. We are thrilled to empower even more enthusiasts to break away from the ordinary and pave their own trails with our top-of-the-line tires and wheels. This expansion allows us to connect with the vibrant off-road community in China and provide them with the exceptional products and experiences they deserve.”

Since 1963, Mickey Thompson has built a strong reputation for producing high-performance off-road tires, designed for extreme conditions and passionate enthusiasts. Last September, the brand officially introduced four of its latest iconic product lines to the Greater China market.

The newly opened Mickey Thompson store is more than just a retail space — it will be a hub for off-road enthusiasts in China. Off-road enthusiasts can experience exclusive gatherings, local races, and expert-led workshops, further fostering Mickey Thompson’s engagement in China’s off-road community.

About The Goodyear Tire & Rubber Company

Goodyear is one of the world’s largest tire companies. It employs about 68,000 people and manufactures its products in 53 facilities in 20 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

About Mickey Thompson Tires & Wheels  

Max-Trac Tire Co., Inc., DBA Mickey Thompson Tires & Wheels, markets racing and high-performance tires and wheels for street, strip, truck, and off-road applications. Now a subsidiary of Goodyear, the company was founded in 1963 by racing legend Mickey Thompson and is headquartered in Stow, Ohio, USA.  For more information, visit www.mickeythompsontires.com. Connect on Facebook and Instagram.  

APAC HEADQUARTERS:
28F, THE CENTER, 989 CHANGLE ROAD, SHANGHAI, CHINA, 200031

MEDIA WEBSITE:
WWW.GOODYEARNEWSROOM.COM

OPPO Ads Connect 2025 Southeast Asia Salon: Unlocking New Marketing Growth and Drafting a Business Blueprint


SINGAPORE – Media OutReach Newswire – 26 February 2025 – On February 20, the “Exploring New Growth” OPPO Ads Connect 2025 Southeast Asia Salon was successfully held in Singapore alongside the launch of OPPO Ads’ new Device+ Marketing Solution. This is OPPO Ads’ first platform-level event abroad, showcasing its strategic capabilities, creative accomplishments, market insights, and marketing product solutions. Attended by marketers, service providers, developers, industry practitioners, and other stakeholders, the salon promoted industry development and innovation. Expert speakers sparked discussion of leading-edge market development opportunities and helped to foster commercial growth.

OPPO Ads 1


An important link between OPPO Ads and partners, Connect provides a new platform that aggregates multiple ecosystems. The salon event marks the first public engagement of OPPO Ads in the Southeast Asian market and is an important part of its globalization strategy. During the event, Head of OPPO Ads Overseas Sales and Operations Tim Chen, Product Director of OPPO Ads Kevin Wu, and AM Director of OPPO Ads Gavin Zou shared their perspectives on the long-term commercial capability building and innovative marketing solutions of OPPO Ads, and empowering advertisers in user acquisition, efficiency improvement, and long-term operations with a one-stop solution.

Enhancing the Terminal OS Ecosystem and Unlocking New Market Vitality

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Tim Chen stated that in addition to solidifying its foothold in the Southeast Asian market, OPPO has continued to roll out significant advancements through its robust product matrix, channel strengths, and user influence. The Find X8 series has doubled its sales compared to its predecessor. Furthermore, OPPO’s international shipments continue to surge, securing the top spot in Southeast Asian markets in 2024. These achievements underscore OPPO’s strong market position and sway in Southeast Asia.

At the same time, OPPO Ads is becoming the preferred platform for international advertisers aiming to expand due to its unique commercial marketing value for three reasons:

  • First, with its competitive pricing, OPPO Ads uses more proactive scenarios to help advertisers reach a large number of users more efficiently and maximize the advertising value.
  • Second, advertisers can easily transition from reach to conversion, enhancing user value throughout the life cycle, and greatly boosting user engagement and retention by utilizing OPPO’s robust OS ecosystem.
  • Finally, OPPO Ads offers a range of marketing solutions for advertisers in different industries and with different needs. These span pre-load cooperation and targeted delivery, as well as light-touch scenarios and deep engagements, satisfying the unique needs of advertisers and significantly increasing delivery efficiency and effectiveness.

OPPO Ads has dramatically expanded commercial use cases and traffic supply as the business has grown. In 2024, OPPO Ads’ request volume increased by 300% with the introduction of new commercial applications such as PUSH, global search listing, Shelf card, and local video Feeds, with 140 million monthly active users on Southeast Asia’s OS. In 2025, OPPO Ads will see significant advancements and growth in terms of shipment and traffic, as well as commercialization capabilities. The vast active user base provides a broad space for advertising placement and brings more marketing opportunities to advertisers.

Unlocking The “Retention” Code Through Product Iteration and Upgrade Hard Power

OPPO Ads 3

At the commercial product level, Kevin Wu introduced that OPPO Ads is leveraging cutting-edge technologies and innovation to iterate and update product capabilities across three key dimensions:

  1. Marketing Platform Capability Upgrade: OPPO Ads has comprehensively upgraded its marketing platform to include new features like splash screens, enabling advertisers to engage users across all scenarios and manage all types of promotions. During the mid-investment phase, the platform supports RTA (Real-Time API) optimization and utilizes multiple bidding strategies to help ensure backend conversion costs, effectively increasing backend ROI by over 10%. In the post-advertising phase, enhanced attribution capabilities and OS data monitoring cater to advertisers’ needs for effect attribution, making marketing results quantifiable.
  2. Programmatic Ad Efficiency Improvements: OPPO Ads has intensified efforts to boost the effectiveness of programmatic ads, facilitating DSP (demand-side platform) participation and optimizing advertising features across the board, greatly increasing exposure, winning bids, and engagement. It also allows DSP access to all traffic, leading to more than a 200% increase in request volume.
  3. PUSH Marketing Solution: OPPO Ads has explored the diverse applications of system scenarios and built a variety of commercial capabilities based on PUSH capabilities. Through capability upgrades such as “sticky on the top” and empowerment of style rights, the click-through rate and backend effects were greatly improved.

Along with offering advertisers more effective marketing options to improve target user reach, these iterations have helped OPPO’s business expand in terms of technology and innovation.

OPPO Ads 4

Device+: A Solution for One-Stop User Management

During the event, Gavin Zou unveiled the Device+ Marketing Solution, designed to help advertisers efficiently acquire large numbers of high-quality users, conduct user operations on the OPPO platform, and expand business boundaries. Based on OPPO’s massive mobile Internet ecosystem, Device+ offers global clients a one-stop user management service through preload, advertising, and ecosystem cooperation. It covers new user acquisition, user activity improvement, and user conversion, among other things, to meet clients’ user operation needs at various stages.

OPPO Ads 5

  1. Device+ preload cooperation: OPPO Ads can reach 24 million new device users in Southeast Asia annually through preload and PAI services. The services streamline the registration process, offer a special quick open feature for notifications, and increase the activation rates by over 20% by detecting the activation status of preload apps on the device side and promptly engaging with users.
  2. Device+ APP distribution: For users who have not installed the application, OPPO can flexibly reach them through effect advertising, and based on the system’s unique ADD download capability, we improve download and installation efficiency, as well as overall user acquisition efficiency by more than 30%.
  3. Device+ massive touchpoints: With the help of system-level data insights and user churn warning models, OPPO can activate each potential user promptly, reducing user churn rate by 10%, and optimizing network and application performance through LinkBoost and HyperBoost to improve user experience.
  4. Device+ pre-positioning: User conversion is one of the important indicators that advertisers care about in long-term management. Using OPPO’s unique system scenarios, users can use services without opening apps, such as search listing, shelf cards, and OPUSH, which attracts users as soon as they see them, improving user retention, transaction conversion rate, and click-through rates.

OPPO Ads 6

Future Outlook: Collaborating for Long-Term Success

The OPPO Ads Connect 2025 Southeast Asia Salon marks a significant step for OPPO Ads in the Southeast Asian market and serves as a vibrant platform for industry exchanges. During the roundtable, Jenny Wang, OPPO Ads Sales Director of Southeast Asia Area, Nita Wang, OPPO Ads Sales Director, and guests from leading companies such as Agoda, AIDC, DTI and AppsFlyer exchanged insights on Southeast Asian industry trends and marketing needs. They identified key challenges, strategized effective solutions, and discussed leveraging OPPO’s comprehensive advertising solutions to enhance user acquisition and user engagement.

OPPO Ads 7


This event demonstrates OPPO Ads’ innovative marketing value, outstanding OS system capabilities, and diversified solutions in commercial marketing, providing advertisers with more comprehensive support and more boundless business opportunities. Whether it is the development of emerging markets or the deep cultivation of mature markets, OPPO Ads is helping clients grow their businesses.

Looking ahead, OPPO Ads will continue to enhance its commercial capabilities and collaborate with ecosystem partners to explore new cooperative opportunities and promote ongoing industry growth and prosperity.

For more information, please follow the official OPPO Ads accounts on Facebook and Linkedin.Hashtag: #OPPOAds

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

Yeastar P-Series PBX Adds Outbound Call Center Capabilities to Elevate SMB Outreach

XIAMEN, China, Feb. 26, 2025 /PRNewswire/ — Yeastar, a global leader in Unified Communications solutions, today launched its Outbound Call Center module for the P-Series Phone System Software Edition. This feature-rich addition transforms the award-winning PBX system into a full-cycle customer engagement engine, addressing critical gaps in SMB-focused outbound solutions.

Key Capabilities Driving Market Differentiation

From sales prospecting to telemarketing campaigns, the natively integrated Outbound Call Center empowers SMBs to automate and scale their outbound operations with enterprise-grade efficiency.

For business managers, this translates to precise control through features like the 3-in-1 Auto Dialer (Progressive, Power, Agentless Dialing) that enables tailored outreach strategies for diverse business needs. The custom DOD ensures higher answer rates by displaying local caller IDs, while Prospects Importing and Outbound Queues simplify large-scale campaign setup and prioritization. Real-time oversight is achieved through the Campaign Wallboard, which provides live performance metrics, agent stats, and detailed dialing logs—allowing instant adjustments to maximize results.

Frontline agents, meanwhile, benefit from a unified interface that consolidates all critical functions: manage assigned calls, access contact profiles, log call dispositions, schedule callback, etc.—all without tab-switching. This seamlessness accelerates workflows and ensures compliance through tracked interactions.

“Outbound engagement is no longer a ‘big business’ luxury,” said Arya Zhou, Head of Global Sales at Yeastar. “By embedding robust outbound call center features into P-Series Phone System, we’re empowering businesses to free agents for high-value conversations rather than manual dialing, logging, and system-toggling.”

A Greater Vision on the Roadmap

The Outbound Call Center addition marks Yeastar’s milestone in democratizing enterprise-grade tools for SMBs. Yeastar now delivers a complete contact center suite that already encompasses the capabilities of inbound/outbound call center, omnichannel messaging (live chat, SMS, social media), and popular CRM integrations. Looking ahead, the solution is set to be further enhanced with AI-driven tools, CRM integration templates, richer reports, and more on the 2025 roadmap for Yeastar P-Series Phone System.

About Yeastar

Yeastar makes digital value easily accessible from ownership and adoption to daily usage and management by transforming how businesses connect and communicate. Yeastar has established itself as a leading provider of UC solutions with a strong ecosystem, a global network of channel partners, and over 650,000 customers worldwide. For more information about Yeastar or to become a Yeastar partner, please visit https://www.yeastar.com/.

Contact:
Nicole Liu
+86-592-5503309
marketing@yeastar.com

 

Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange

First cross-listing of Invesco QQQ outside of North America; QQQ is the second most traded US ETF 

Important Information 

  • The Trust seeks to track the investment results, before fees and expenses, of the Nasdaq-100 Index® (“Index”).
  • Investors should note the equity market risk, concentration risk of investing in the US market and in companies in the technology sector, technology sector risks, passive investment risk, trading risks, trading hours different risk, foreign exchange risks, multi-counter risks, reliance on market maker risks, termination risk and general investment risk.
  • The Trust may be subject to tracking error risk, which is the risk that its performance may not track that of the Index exactly.
  • Payment of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment and may result in an immediate reduction in the Net Asset Value (“NAV”) per share of the Trust (“Share”).
  • All Shares will receive distributions in the base currency (USD) only. In the event that a Trust Shareholder has no USD account, the Trust Shareholder may have to bear the fees and charges associated with the conversion of such distributions from USD to HKD or RMB or any other currency.
  • NAV and trading price of the Shares can be volatile and could go down substantially.
  • Investors should not base their investment decision on this material alone.

HONG KONG, Feb. 26, 2025 /PRNewswire/ — Invesco, a leading global asset management firm, announced today that its flagship Invesco QQQ Trust Exchange Traded Fund (Invesco QQQ ETF) has been approved for sale in Hong Kong by the Securities & Futures Commission and cross-listed on the Hong Kong Stock Exchange (HKEX), commencing trading as of market open under the symbol “3455”. Invesco QQQ, one of the best-performing large-cap growth funds[1], is the flagship fund of Invesco’s US$762 billion ETF business, the fourth largest ETF provider globally[2]

With approximately US$318.9 billion in assets under management (AUM)[3], Invesco QQQ is the world’s fifth largest ETF and second most traded ETF in the US[4].  The launch marks the first cross-listing of Invesco QQQ outside of North America and represents a milestone in the expanding market for ETFs in Hong Kong. By trading on HKEX – one of the world’s leading exchanges – investors around the region will have a highly efficient method of accessing the deep liquidity and price transparency of Invesco QQQ, in a convenient time zone.

Invesco QQQ is the most liquid ETF to access the performance of the Nasdaq-100 Index®, which tracks the 100 largest non-financial companies listed on the Nasdaq. Companies in the Nasdaq-100 Index spend between 600-1,200% more on research and development compared to companies residing in broad-based US large cap equity indexes[5]. Investors will also be able to invest in their preferred currency, with USD, HKD and RMB counters available. 

“We are honored to bring our flagship ETF – Invesco QQQ – to Hong Kong, offering local investors a valuable opportunity to access the innovative, forward-thinking companies included in the Nasdaq-100 Index,” remarked Andrew Lo, Chief Executive, Asia Pacific at Invesco. “Hong Kong has long been a key hub for Invesco’s APAC business, which makes it the ideal location for Invesco QQQ’s first cross-listing outside of North America. We believe Hong Kong’s unique position in Asia Pacific, as well as its well-established financial infrastructure, will enable us to strategically connect our stakeholders and investors in the region with this important large-cap growth strategy.”

Invesco QQQ has mirrored the evolution of global technology and innovation since its launch in 1999. Of the 22 companies that have been a part of Invesco QQQ since inception, many were in the early stages of development in 1999 and have since scaled up successfully. The average market cap of companies included in Invesco QQQ was US$200 billion in 1999, growing to US$1.39 trillion at the end of 2024[6]. Many of the constituents of Invesco QQQ include the leading names in global technology, and the index regularly extends to companies beyond the technology sector that capture future growth opportunities.

“Invesco QQQ ETF has a track record of strong performance over its 25-year history, offering investors access to innovative, growing companies with strong fundamentals,” said Brian Hartigan, Global Head of ETFs and Index Investments at Invesco. “Together with Nasdaq, we are pleased to continue to break new ground together through this cross-listing in Hong Kong.”

Invesco QQQ is a unit investment trust designed to track the investment results, before fees and expenses, of the Nasdaq-100 Index. It holds all the stocks included in the Nasdaq-100 Index and trades on the Nasdaq stock exchange under the ticker symbol QQQ.

“We believe this cross-listing will bring immense benefits to Asia Pacific investors, most notably access to local trading lines during market hours and settlement in international currencies. These advantages will further drive the expansion of Hong Kong’s ETF landscape,” Mr. Lo added. “This cross-listing demonstrates our commitment to leveraging our innovative, global investment expertise to investors in Asia Pacific.”

[1] Based on total return over the past 15 years by Lipper, as of December 31, 2024.

[2] In total assets under management (AUM), per Invesco, as of December 31, 2024.

[3] In total AUM, per Invesco, as of December 31, 2024.

[4] Based on AUM and average daily volume traded, per Bloomberg, as of December 31, 2024.

[5] Refers to the S&P 500, Nasdaq US 500 Large Cap Index, and other indexes comprised of the largest few hundred companies listed in the US weighted by market cap.

[6] Based on simple weighted average of individual companies in the Nasdaq-100 Index.

Photo Caption: Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange  (From Left to Right: Brian Roberts, Head of Equity Product Development, Hong Kong Exchanges & Clearing; Gary Buxton, Head of EMEA and APAC ETFs & Index Strategies, Invesco; Alex Sato, President & CEO Japan & Korea, Invesco; Joseph Chan, Undersecretary for Financial Services and the Treasury, The Government of Hong Kong SAR; Andrew Lo, Chief Executive, Asia Pacific, Invesco; Christina Choi, Executive Director, Investment Products Division, Securities and Futures Commission (SFC); Martin Franc, CEO, Asia ex-Japan, Invesco; Brian Hartigan, Global Head of ETFs & Index Investments; Invesco; Ryan McCormack, Senior Factor & Core Equity Strategist, Invesco)
Photo Caption: Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange (From Left to Right: Brian Roberts, Head of Equity Product Development, Hong Kong Exchanges & Clearing; Gary Buxton, Head of EMEA and APAC ETFs & Index Strategies, Invesco; Alex Sato, President & CEO Japan & Korea, Invesco; Joseph Chan, Undersecretary for Financial Services and the Treasury, The Government of Hong Kong SAR; Andrew Lo, Chief Executive, Asia Pacific, Invesco; Christina Choi, Executive Director, Investment Products Division, Securities and Futures Commission (SFC); Martin Franc, CEO, Asia ex-Japan, Invesco; Brian Hartigan, Global Head of ETFs & Index Investments; Invesco; Ryan McCormack, Senior Factor & Core Equity Strategist, Invesco)

 

Photo Caption: Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange  (From Left to Right: Gary Buxton, Head of EMEA and APAC ETFs & Index Strategies, Invesco; Alex Sato, President & CEO Japan & Korea, Invesco; Joseph Chan, Undersecretary for Financial Services and the Treasury, The Government of Hong Kong SAR; Andrew Lo, Chief Executive, Asia Pacific, Invesco; Martin Franc, CEO, Asia ex-Japan, Invesco; Brian Hartigan, Global Head of ETFs & Index Investments; Invesco; Ryan McCormack, Senior Factor & Core Equity Strategist, Invesco)
Photo Caption: Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange (From Left to Right: Gary Buxton, Head of EMEA and APAC ETFs & Index Strategies, Invesco; Alex Sato, President & CEO Japan & Korea, Invesco; Joseph Chan, Undersecretary for Financial Services and the Treasury, The Government of Hong Kong SAR; Andrew Lo, Chief Executive, Asia Pacific, Invesco; Martin Franc, CEO, Asia ex-Japan, Invesco; Brian Hartigan, Global Head of ETFs & Index Investments; Invesco; Ryan McCormack, Senior Factor & Core Equity Strategist, Invesco)

About Invesco

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.

Important information

All data are sourced from Invesco dated January 31, 2025, unless otherwise stated.

Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Hong Kong Limited.

Nasdaq®, Nasdaq-100® and Nasdaq-100 Index®; and QQQ® are registered trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

© 2025. Nasdaq, Inc. All Rights Reserved.

Where Andrew Lo and Brian Hartigan have expressed opinions, they are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals.

Global Sourcing Fair Vietnam 2025 – More Suppliers, More Opportunities, More Business

HO CHI MINH CITY, Vietnam, Feb. 26, 2025 /PRNewswire/ — Organized by Global Sources, the Global Sourcing Fair Vietnam 2025 returns for its third edition from April 24 to 26 at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City. As a premier B2B trade show, the event will welcome over 10,000 global buyers and feature more than 500 verified manufacturers from Vietnam and Asia across key industries, including Fashion & Accessories, Home & Gifts, and Electronics & Home Appliances.

Global Sourcing Fair Vietnam 2025 will take place from April 24–26, 2025 at Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City, Vietnam.
Global Sourcing Fair Vietnam 2025 will take place from April 24–26, 2025 at Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City, Vietnam.

Vietnam is emerging as a leading sourcing destination, known for cost-effective, high-quality, and export-ready products. Seventy percent of exhibitors are Vietnamese manufacturers, giving buyers direct access to Made-in-Vietnam solutions. The remaining 30% includes suppliers from Mainland China, Hong Kong SAR, Taiwan area, India, Bangladesh, and South Korea, ensuring a diverse and well-rounded supplier base.

With access to over 30,000 export-ready products, buyers can connect with OEM, ODM, and OBM manufacturers, discover the latest innovations, and build lasting partnerships with suppliers offering competitive pricing and flexible production capabilities.

Key Sourcing Categories & Industry Trends

The fair showcases high-demand product categories, including Fashion Apparel, Fashion Accessories & Footwear, Furniture & Home Décor, Household Supplies, Fabric & Textile Supplies, Bags & Luggage, Gifts & Stationery, Packaging, Festival & Occasional Gifts, Art & Craft Supplies, and Home & Housewares.

Exhibitors from Vietnam and Asia offer a diverse of trending, sustainable, and high-demand products, providing buyers with more choices to meet evolving market needs. From eco-friendly home décor and ethically sourced fashion pieces to innovative household essentials, attendees can stay ahead of market trends and gain exclusive access to the latest products that are shaping the global sourcing landscape.

Streamline Your Sourcing Journey with 1-on-1 Business Matching

Beyond product discovery, the show elevates the buyer experience through its exclusive Business Matching Program. This program allows buyers to schedule one-on-one pre-arranged meetings with top suppliers while enjoying exclusive benefits, ensuring a seamless and efficient sourcing experience.

Recognized by leading international brands, the event has welcomed past attendees such as Forcast, El Corte Inglés, Enchanté Accessories, Target, Mars, Walmart Sourcing, Sam’s Club, Li & Fung, Adidas, ACFC, Maison Corporation, Kingfisher and more.

Be a part of Global Sourcing Fair Vietnam 2025 – connect with top suppliers, discover thousands of export-ready products, and gain a competitive edge in global sourcing.

For more information, please visit https://sourcingfairvn.globalsources.com/ or contact us at gsfvietnam@globalsources.com.

China Continues as an Attractive Investment Destination

GUANGZHOU, China, Feb. 26, 2025 /PRNewswire/ — The American Chamber of Commerce in South China (AmCham South China) today released its 2025 Special Report on the State of Business in South China. The release was attended by over 200 government officials, business executives and members of media including over 40 foreign consulates mostly represented by their consuls general. This publication can be downloaded free of charge from the Chamber’s website at http://www.amcham-southchina.com/amcham/static/publications/specialreport.jsp

The 208-page bilingual 2025 Special Report on the State of the Business in South China, the 21st such endeavor, provides a comprehensive and quantitative analysis of the business community and valuable insights into the development trends in South China. This year, 316 companies participated in the study in total. This publication is researched and produced independently by AmCham South China and does not represent the opinions of the US or any other government or organization. AmCham South China does not receive any funds from any government in the production of this publication.

According to the 2025 Special Report on the State of Business in South China, 76% of the companies studied plan to reinvest in China in 2025. A sizeable number of the participating companies have budgeted for reinvestment in China in 2025 under US$10 million, accounting for 77% of the total. A notable 6% have allocated over US$250 million for reinvestment plans in the coming year. It is estimated that member companies have set aside a total of US$14.59 billion from profits in China to reinvest over the next three to five years to expand existing operations and capture additional market share, a surge of 33.18% compared to the previous reinvestment figure.

Dr. Harley Seyedin, Chairman and President of AmCham South China, winner of 2017 Oslo Business for Peace Award (along with Elon Musk, Durreen Shahnaz and Murad Al-Katib), which is awarded by an Award Committee consisting of Nobel Laureates in Peace and Economics, said, “Businesses are increasing their commitments in China to secure a stronger foothold in this critical market. The reinvestment surge signals confidence in China’s future, and their hope for US-China increased cooperation.” Dr. Seyedin continued, “Since nearly 75% of American companies in China are primarily focused on importing components from the US to produce goods and services in China for China, they believe that continued reinvestment in China is essential for their long-term success.”

In 2024, China achieved a GDP growth rate of 5% and a total GDP of RMB 134.91 trillion (US$18.80 trillion). This robust economic performance continues to attract global investors, with 39% of the companies studied ranking China as their top investment destination and 58% of foreign companies placing it among their top three global investment priorities. The 2025 Special Report further highlights strong investor confidence, as 73% of the participating companies report a positive or very positive overall return on investment in China in 2024, while 39% enjoy a higher return on investment in China than in other global markets.

Key Takeaways of the 2025 Special Report on the State of Business in South China:

  • The proportion of companies that gained over 60% of their global revenue from China has risen by 5 percentage points (pp) to 31%.
  • 47% of the companies studied experienced a significant or slight increase in revenue in China. A larger share of American companies (43%, +7pp y-o-y) and manufacturing companies (47%, +17pp y-o-y) experienced revenue growth.
  • In 2024, overall profitability declined, with 85% of companies reporting profitability in China, a 3pp decrease compared to the previous two years.
  • Concerning the companies that are profitable in China, 45% reported to have met their budget expectations. Among companies yet to make profits in China, 88% expect to reach that milestone within two to five years. Only 8% anticipate it will take more than six years.
  • In 2024, 57% of the companies studied remain optimistic about their business prospects in China, a 5pp decrease from the previous year. American companies’ confidence dropped by 14pp, while the manufacturing sector saw the steepest decline, with an 18pp drop in optimism.
  • In 2024, 61% of the companies studied reported to have reinvested in China, marking a 5pp decline compared with the previous year. The reinvestment trend remains consistent for American companies, with 57% reporting to have actually reinvested in China, in line with last year’s figures.
  • 3% of the companies studied had each budgeted to reinvest US$250 million or more in China in 2024, while this year’s findings reveal that 7% had actually followed through with reinvestments of this magnitude.
  • 59% of the companies studied have plans to expand their operations in China over the coming three years.
  • Guangzhou has been ranked as the top investment destination in China for eight consecutive years, followed by Shenzhen, Shanghai, and Beijing.
  • Fierce local competition remains the greatest challenge faced by the companies studied in South China, followed by rising labor costs and rising operation costs.
  • Not a single company indicated a complete withdrawal from the Chinese market. 91% of the companies studied assert that they will not decouple from the Chinese market due to the US-China trade tensions, a 5pp increase from 2023.
  • One quarter of the companies studied are bullish about the US-China relations in the coming year, a significant decrease of 19pp compared to previous assessments.

The negative effects of both US and Chinese tariffs on the companies studied have been somewhat alleviated. Many companies have found ways to mitigate the impact through supply chain adjustments, strategic sourcing, or absorbing some of the tariff costs.

Dr. Seydin remarked, “American companies have long recognized the importance of the strong economic relationship between the two countries, and they remain committed to the mutual benefits of innovation, job creation, and cultural exchange that this partnership fosters. It is essential that both governments work together to create a more predictable and supportive trade environment where American businesses can continue to thrive and contribute to the long-term economic growth of both countries.”

Special Report on the State of Business in South China

The Special Report on the State of Business in South China is a quantitative study of the business environment, conducted for consecutive years by AmCham South China. Each year, AmCham’s member and non-member companies participate in AmCham’s State of Business study, results of which will be garnered and edited into a separate publication.

The document can be downloaded free of charge from the chamber’s website at http://www.amcham-southchina.com/amcham/static/publications/specialreport.jsp 

About the American Chamber of Commerce in South China

The American Chamber of Commerce in South China (AmCham South China) is a non-partisan, non-profit organization dedicated to facilitating bilateral trade between the United States and the People’s Republic of China. Accredited in 1995 by the US Chamber of Commerce in Washington DC, AmCham South China represents more than 2,300 corporate and individual members, is governed by a fully-independent Board of Governors elected from its membership, and provides dynamic, on-the-ground support for American and international companies doing business in South China. Over the past decade, AmCham South China has hosted on average each year more than 10,000 business executives and government leaders from around the world at its briefings, seminars, committee meetings and social gatherings. All AmChams in China are independently governed and represent member companies in their respective regions.

 

Hyundai Motor and Samsung Unveil Breakthrough Private 5G RedCap Technology for Smart Manufacturing

  • Hyundai Motor and Samsung collaborate to verify Private 5G (P-5G) RedCap technology, enabling fast, seamless communication with lower power consumption and cost
  • P-5G RedCap technology to be showcased at MWC25 Barcelona, highlighting advancements in the mobility manufacturing sector
  • Hyundai Ulsan Plant and Hyundai Motor Group Metaplant America (HMGMA) pioneers P-5G in mass production, with plans to expand to the new EV-dedicated plant in Ulsan

SEOUL, South Korea and BARCELONA, Spain, Feb. 26, 2025 /PRNewswire/ — Hyundai Motor Company announced today that it has successfully completed a pilot project for Private 5G (P-5G) RedCap (Reduced Capability) technology in partnership with Samsung Electronics Co., Ltd. The company will showcase the technology at MWC25 Barcelona, the world’s largest IT and electronics exhibition, which will be held in Spain from March 3rd to 6th.

Hyundai Motor and Samsung Unveil Breakthrough Private 5G RedCap Technology for Smart Manufacturing
Hyundai Motor and Samsung Unveil Breakthrough Private 5G RedCap Technology for Smart Manufacturing

As a leader in future mobility, Hyundai Motor advances smart mobility solutions through electrification, software-driven capabilities, and smart manufacturing technologies. To achieve this, the company has collaborated with Samsung, a global leader in network solutions, to become the first in the mobility manufacturing sector to verify P-5G RedCap technology.

“Hyundai Motor was the first Korean company to implement P-5G in mass production,” said Jae Min Lee, Vice President and Head of E-FOREST Center of Hyundai Motor and Kia. “We are also the industry’s first to verify P-5G RedCap technology, reinforcing our global leadership in smart manufacturing solutions. We will continue to accelerate its commercialization.”

Simon Lee, Vice President and Head of B2B•B2G Business Development, Networks Business at Samsung Electronics said: “The recent collaboration with Hyundai Motor represents how the two leaders in their respective industries can creatively drive business innovation and unlock new real use cases by merging best-in-class expertise. Samsung’s RedCap-powered private 5G network solutions will open up more possibilities for enterprises, manufacturers, and public institutions, serving as a gateway to driving more efficient 5G networks.”

Since January 2025, Hyundai Motor has completed testing of Samsung’s P-5G solutions including radio, core, and management systems with its in-house vehicle inspection equipment at Samsung’s Suwon campus. They developed a custom vehicle inspection device to verify the network’s operational capabilities.

P-5G is a dedicated system installed onsite using a specific frequency band, ensuring no external interference and seamless data transmission — essential for smart manufacturing with centralized control of industrial robots and devices. It can be tailored for optimized environments and stable communication, though challenges like complex design and high power consumption remain.

The collaboration successfully verified the P-5G RedCap technology, which offers simplified device configurations, compact infrastructure, and reduced bandwidth usage. This results in lower power consumption, cost efficiency, and improved performance over traditional Wi-Fi in speed, data processing, connection stability, and low latency.

Previously limited to high-performance equipment, RedCap technology enables high-speed wireless communication for vehicle inspection equipment, small tools, cameras and tablets. Hyundai Motor integrated RedCap enabled Qualcomm’s Snapdragon® X35 5G Modem-RF System chipsets into its Diagnostic Scan (D Scan) system for efficient vehicle inspection data transmission via Samsung’s 5G network.

Samsung’s P-5G solution, with support for optimized RedCap software, reduces power consumption and more than doubles uplink capacity for real-time IoT data transmission, featuring an integrated management system for automation.

Looking ahead, Hyundai Motor plans to integrate P-5G into its new EV-dedicated plant in Ulsan, opening in 2026. This latest verification of RedCap technology is set to enhance the company’s smart manufacturing ecosystem, with further expansions planned for key plants.

About Hyundai Motor Company

More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

Universal VIP Experience Private Tours Now Available through Imperial Hotel Osaka

OSAKA, Japan, Feb. 26, 2025 /PRNewswire/ — The Imperial Hotel Osaka has begun offering the “Universal VIP Experience Private Tour” in collaboration with Universal Studios Japan.

Universal VIP Experience Private Tour
This exclusive tour is designed to provide guests with a fully customized experience tailored to their preferences. Led by dedicated guides, participants enjoy seamless access to the parks top attractions and amenities, making it easier to create unforgettable memories.

Imperial Hotel Osaka logo:
https://cdn.kyodonewsprwire.jp/prwfile/release/M107090/202502184388/_prw_PI1fl_FilB4d9v.png 

Universal VIP Experience Private Tour logo:
https://cdn.kyodonewsprwire.jp/prwfile/release/M107090/202502184388/_prw_PI3fl_r8R020XN.jpg 

Highlights of the tour include:
– Priority access to popular attractions, ensuring a smooth and time-efficient visit.
– Dedicated VIP guidance to help guests navigate the park effortlessly.
– Access to exclusive areas and perks available only to tour participants.
Even if time is limited, this experience allows guests to enjoy a luxurious, worry-free day with family and friends, filled with precious moments that last a lifetime.

Universal VIP Experience Private Tour (Image):
https://cdn.kyodonewsprwire.jp/prwfile/release/M107090/202502184388/_prw_PI5fl_LpC0LXc9.png 

Imperial Hotel Osaka:
https://cdn.kyodonewsprwire.jp/prwfile/release/M107090/202502184388/_prw_PI6fl_vvDv5fMR.png 

Universal VIP Experience Private Tours
5-Hour Tour or 8-Hour Tour
Price: From 198,000 yen to 398,000 yen (for up to 4 people)

The tour includes a meal at an exclusive restaurant reserved for participants. The cost of meals is included in the tour fee.

Common Privileges
– Exclusive park entrance for tour participants.
– Personalized park experience with a dedicated tour guide.
Each guide will take guests to the most popular attractions via the shortest routes.
(Guided access is available during tour hours only.)
– Complimentary parking at Universal Studios Japan (for one car).
– Express Pass for use before or after the guided tour.
– Access to the VIP Lounge, available from park entry until closing time.

Price Examples for “Universal VIP Experience Private Tour” combined with accommodation
8-Hour Tour + Imperial Floor Junior Suite (60m2)
From 398,700 yen (for 2 people)
– Tour Fee: From 298,000 yen
– Accommodation Fee: From 100,700 yen

Notes:
– Prices vary depending on admission dates and tour options. Please visit the official website for the most up-to-date information.
– Prices are subject to change without prior notice.
– Once purchased, cancellations, time changes, date changes, or ticket modifications are not permitted. Additionally, Universal Studios Japan tickets cannot be canceled after receipt at the hotel. Exceptions apply only in cases of legal cancellation or invalidation.
– Tour benefits are subject to change and apply exclusively to tour participants. Non-participants are kindly requested not to accompany the group.
– A maximum of 10 people can participate. For groups of 5 to 10 people, additional tour fees and Studio Passes will need to be purchased for the number of participants exceeding 4.
– 1-Day Studio Passes for children aged 4 and older are not included in the plan price. These can be purchased at the hotel on the day of the visit.
– Advance payment is required to secure a tour reservation.

For reservations and inquiries, please visit: https://www.imperialhotel.co.jp/en/osaka 

The Imperial Hotel Osaka is an alliance hotel of Universal Studios Japan.

Image:
https://cdn.kyodonewsprwire.jp/prwfile/release/M107090/202502184388/_prw_PI4fl_dQ1C6MUF.jpg 

HARRY POTTER and all related characters and elements (C) & (TM) Warner Bros. Entertainment Inc. Publishing Rights (C) J.K. Rowling.
TM & (C) Universal Studios & Amblin Entertainment.
Universal elements and all related indicia TM & (C) 2024 Universal Studios. All rights reserved. CR25-0042

For details, please visit: https://www.usj.co.jp/ticket/guidetour/vip-experience.html (Japanese)