29 C
Vientiane
Tuesday, April 29, 2025
spot_img
Home Blog Page 777

MINISO Launches Flagship Store in Thailand, Building Another Landmark in SE Asia

BANGKOK, Jan. 15, 2025 /PRNewswire/ — Global lifestyle brand MINISO celebrated the grand opening of its Thailand flagship store in Bangkok on January 11, 2025. The event was attended by renowned Thai actress Davika Hoorne, who joined the ribbon-cutting ceremony. Situated in the iconic landmark commercial district Asiatique the Riverfront, the flagship store leverages its prime location next to the Asiatique Sky, Bangkok’s largest Ferris wheel, which is popular among tourists from all around the world and has huge sales potentials. This milestone marks a significant step in MINISO’s strategy to expand its presence in Southeast Asia, further cementing its commitment to the Thai market while offering an unparalleled IP wonderland shopping experience to consumers.

MINISO Thailand Flagship Store Opening Day
MINISO Thailand Flagship Store Opening Day

 

Davika Hoorne attended the Opening Ceremony
Davika Hoorne attended the Opening Ceremony

In recent years, the consumption needs of young consumers have evolved toward a growing demand for emotional satisfaction and self-expression. MINISO embraced the insight of “interest-driven consumption” and developed the “super IP” strategy, collaborating with more than 150 well-known IPs around the world and driving the sales of more than 800 million IP products to date.

Adhering to this strategy, MINISO Thailand flagship store is a magical wonderland for shoppers to explore over 20 IP collections featuring their favorite characters, such as the debut of Harry Potter in Thailand and the Disney series led by Stitch. The store also impresses attendees with multiple immersive IP-themed experience zones, enhancing the overall shopping experience. Highlights include a Harry Potter-themed fireplace zone, a super-sized Lotso Bear area, and giant displays of Stitch and Winnie the Pooh characters.

MINISO Thailand Flagship Store
MINISO Thailand Flagship Store

Speaking at the opening event, MINISO Thailand CEO – Jun Wang stated, “This Thai flagship store represents a key milestone in our development within the Thai market and a critical step in our global brand upgrade strategy. Through this store, we aim to provide Thai consumers with superior and diverse shopping options. At the same time, we aspire to lead the market with innovative IP collaborations and experiential designs, propelling the brand toward greater global achievements.”

IP Products in MINISO Thailand Flagship Store
IP Products in MINISO Thailand Flagship Store

Southeast Asia has long been a strategic priority for MINISO. Over the past year, the brand has made significant strides in the region, leveraging its brand upgrade and innovative retail formats to win widespread consumer approval. Backed by its “super stores” and “super IP” strategies, MINISO has consistently introduced fresh and engaging shopping experiences across Southeast Asia, launching flagship stores, IP-themed outlets, and pop-up shops.

Committed to its “super store” strategy, MINISO has established several high-impact locations and formats in Southeast Asia. In August 2024, MINISO opened its largest global store at Central Park Mall in Jakarta, Indonesia. Spanning approximately 3,000 square meters, the store features immersive experience zones organized by IP themes and an extensive product lineup, setting a new standard in the Southeast Asian retail landscape. In December 2024, MINISO opened its largest Singapore store at PLQ Mall, advancing the brand’s super store strategy. The store boasts over 5,000 SKUs, including popular global IPs like Harry Potter and Pokémon, offering a one-of-a-kind immersive IP wonderland shopping experience.

Beyond large-format stores, MINISO’s “super IP” strategy has also been pivotal in creating unique shopping scenarios across Southeast Asia. These IP-themed stores and pop-ups have captivated young consumers with their distinctive themes and product selections. For instance, MINISO’s first IP collection store in Kuala Lumpur attracted attention with its pink-themed design inspired by Barbie, while its Harry Potter pop-up store in Hong Kong attracted legions of fans eager to explore the magical world. Additionally, the opening of Vietnam’s first Sanrio-themed store and Singapore’s Loopy-themed store at Changi Airport seamlessly combined IP culture with retail environments, enhancing the brand’s appeal.

As Southeast Asia continues to flourish, MINISO remains committed to its dual focus on “super stores” and “super IPs,” further deepening its presence in the region through interest-driven consumer experiences. Looking ahead, the brand plans to create more high-impact stores and IP-themed pop-ups, expanding the popularity of iconic IPs while bringing Southeast Asian consumers more surprises and memorable shopping experiences.

About MINISO

MINISO Group is a global value retailer offering a variety of trendy lifestyle products featuring IP design. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO’s wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand “MINISO” as a globally recognized retail brand and established a massive store network worldwide.

CONTACT: Roey Liroey.li@miniso.com

Yaber Wins “Most Favorite Smart Projector” Award for K3/K3 Pro Premier Projector and Unveils K300s UST Projector in Vietnam

HO CHI MINH CITY, Vietnam, Jan. 15, 2025 /PRNewswire/ — Yaber, a pioneer of entertainment projectors, has been honored with the “Most Favorite Smart Projector” award for its K3/K3 Pro premier projector at Tech Awards 2024 held in Vietnam. Yaber also introduced its latest K300s ultra-short throw laser projector, showcasing cutting-edge technology and elegant design.

Yaber K3 Series Wins Most Favorite Smart Projector Award
Yaber K3 Series Wins Most Favorite Smart Projector Award

The Tech Awards, organized by VnExpress, Vietnam’s largest media platform, is the country’s premier technology event, aiming to recognize outstanding technology products and brands sold in the Vietnamese market that year. This award not only represents recognition from industry experts but also reflects the trust and admiration of consumers.

As noted by VnExpress, “The 10th edition of ‘My Favorite Products 2024’ focused on the most popular smart projectors, with nominees including LG CineBeam Q 4K, Wanbo Mozart 1 Pro, Epson EpiqVision Mini EF21, Yaber K3/K3 Pro, and XGIMI Horizon Ultra. The Yaber K3/K3 Pro received the most votes in the final round, earning the title of ‘Most Favorite Smart Projector.

During the Tech-Show, Yaber also introduced its latest compact ultra-short throw laser model, the Yaber K300s, to the Vietnamese market. This model delivers a 100-inch image from just 9 inches away, offers over 150% NTSC color for vivid and crisp visuals, and has already earned the CES 2025 Innovation Award.

For more information on these award-winning projectors or to explore purchasing options, please visit Yaber’s official website.

About Yaber

Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.

The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.

Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.

For the latest updates, visit https://www.yaber.com as Yaber continues to redefine excellence in entertainment.

mF International Limited Honored with Good MPF Employer Award 2023-24

HONG KONG, Jan. 15, 2025 /PRNewswire/ — mF International Limited (the “Company” or “mF International”) (Nasdaq: MFI), a Hong Kong-based experienced financial trading solutions provider, is proud to announce that its principal Hong Kong subsidiary, m-FINANCE Limited (“m-FINANCE”) has been recognized with the prestigious Good MPF Employer Award 2023-24 by the Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong. This accolade highlights m-FINANCE’s commitment to safeguarding the retirement security and well-being of its employees.

Introduced in 2015, the Good MPF Employer Award is a distinguished recognition that celebrates organizations demonstrating excellence in retirement benefit management. The award evaluates employers based on their dedication to employee financial security, such as their compliance with Mandatory Provident Fund (“MPF”) regulations and implementation of enhanced retirement protection measures. This recognition places mF International among an elite group of employers in Hong Kong who go above and beyond in ensuring their workforce’s long-term financial well-being.

Mr. Chi Weng (Dick) Tam, Executive Director and Chief Executive Officer of mF International, commented, “Receiving the Good MPF Employer Award is a significant honor for us, underscoring our commitment to enhancing our employees’ retirement preparedness. At mF International, we strive to exceed basic regulatory requirements by offering comprehensive retirement benefits for the financial security and well-being of our team. This recognition reflects our dedication to cultivating a corporate culture that supports both professional and personal growth, and validates our philosophy that investing in our employees’ future is fundamental to building a strong company. Looking forward, we remain steadfast in our mission to protect our employees’ rights and help them build a secure future.”

About mF International Limited

mF International Limited is a British Virgin Islands holding company with three operating subsidiaries in Hong Kong. The Company’s principal Hong Kong subsidiary, m-FINANCE, is a Hong Kong-based experienced financial trading solution provider principally engaged in the development and provision of financial trading solutions via internet or platform as software as a service, or SaaS. m-FINANCE has approximately 20 years of experience providing real-time mission critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications and financial information for brokers and institutional clients in the region. With clients located over mainland China, Hong Kong and Southeast Asia, m-FINANCE provides customers with the mF4 Trading Platform, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform “Broker+” Solution, Social Trading Apps and other value-added services. For more information, please visit the Company’s website: https://ir.m-finance.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “views,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

mF International Limited
Investor Relations Department
Email: ir@m-finance.net

ICR, LLC
Robin Yang
Email: mFInternational.IR@icrinc.com
Phone: +1 (646) 308-1475

Emeren Group Sells 65 MWp Solar Project Portfolio in Germany to Trina Solar

NORWALK, Conn., Jan. 15, 2025 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the sale of a 65 MWp solar project portfolio to Trina Solar International System Business Unit (“ISBU”). Trina Solar ISBU (“Trina”) is the downstream project development arm of Trina Solar Co., Ltd. (SHA: 688599), specializing in development, engineering, procurement, construction (EPC), operations and maintenance (O&M), and asset management of solar and battery storage utility-scale projects worldwide.

The portfolio, which strengthens Emeren’s position in Germany’s prominent renewable energy market, comprises three projects: One in Saarland, western Germany; the second an innovative Agri-PV project in Mecklenburg-Western Pomerania, northern Germany; and finally, another Agri-PV initiative located in Lower Saxony, northern Germany. These projects are expected to close in mid-to-late 2025 and may offer potential for Battery Energy Storage Systems (BESS) integration, further enhancing operational efficiency and long-term value.

Yumin Liu, CEO of Emeren Group, commented, “This sale builds on the success of our previous collaboration with Trina Solar in France several months ago, further advancing our renewable energy footprint in Europe. Germany, as one of the most dynamic markets for solar energy, is a key focus for us. The development and sale of this high-quality portfolio highlight the expertise of our team and our commitment to delivering impactful projects. Partnering with Trina Solar once again enables us to achieve our shared vision of driving innovation and sustainability in some of the world’s most competitive renewable energy markets.”

Leonardo Lotti, Head of EMEA for Trina, added, “This portfolio marks the beginning of Trina Solar ISBU’s activities in the German renewable energy market, anticipated to be a key European market for our downstream PV and BESS project development efforts. We have recently formed a diverse and ambitious team in Germany, which is expected to grow alongside our business. Germany’s ambitious renewable energy goals make it a crucial market for solar energy development, and we are pleased to collaborate with Emeren Group on this portfolio. Their expertise in market execution and commitment to high standards have been crucial in advancing these projects. We are confident in the successful delivery of these projects and look forward to strengthening our partnership with Emeren as we contribute to Europe’s transition to a sustainable energy future.”

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com.

About Trina Solar ISBU Europe

Trina Solar ISBU, a business unit of Trina Solar, is an innovative solutions utility-scale global solar power and battery storage solutions developer for international markets. With more than 15 years of professional experience and track records in project development, financing, EPC, and O&M, Trina Solar ISBU is committed to being a global leader in the development and management of smart renewable energy solutions and creating value for local stakeholders and international investors. We are active in more than 20 countries and regions, including but not limited to the USA, UK, Italy, France, Greece, Spain, Japan, Colombia, Mexico, Chile, Peru, Australia, South Korea, Vietnam, Malaysia, Philippines, Cambodia, Brazil, Poland, Germany, Hungary, Croatia.In Europe, it is currently active in 9 countries and – to date – it has constructed over 2.5GW of grid-connected energy projects.

For investor and media inquiries, please contact:

Emeren Group Ltd – Investor Relations
ir@emeren.com 

The Blueshirt Group
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.co 

HashKey Group: Top 10 Market Predictions for 2025

HONG KONG, Jan. 15, 2025 /PRNewswire/ — HashKey Group releases its “Top 10 Market Predictions” for 2025. These predictions were determined through a 9-day voting period, with nearly 50,000 community members selecting from 16 popular forecasts compiled by HashKey researchers, analysts, and traders. The predictions offer insights into market scale, policy changes, technological breakthroughs, and capital trends.


According to the voting results, the top 10 market events most likely to occur in 2025 include:

  1. Bitcoin, the “digital gold”, will break through $300,000. Ethereum, the “digital oil”, will exceed $8,000. The total crypto market cap will reach $10 trillion.(50%)
  2. DEXs will leverage AI Agents + Meme to significantly increase its market share. CEXs will embrace DeFi strategies, attracting capital with high-yield investment products.(41%)
  3. The market cap of USD-pegged stablecoins surpasses $300 billion, driven by increasing demand for compliant stablecoins, yield-bearing stablecoins, and RWA-backed stablecoins.(27%)
  4. STOs, ETFs, CBDC collectively bring $3 trillion into the crypto market.(22%)
  5. AI Agent applications will experience explosive growth, driving comprehensive upgrades in data storage, collaborative networks, and decentralized verification.(21%)
  6. Layer 2 landscape will split into two main categories: Application-Specific Chain vs. General-Purpose Chain.(19%)
  7. The Trump administration will approve the FIT21 Act, accelerating the global legalization of the cryptocurrency market and intensifying the crackdown on non-compliant crypto-related businesses. Stablecoins, RWAs, and new payment and settlement systems are making breakthroughs in more countries and regions.(17%)
  8. Bitcoin will become a strategic reserve supporting the US dollar. The United States will leverage its influence over risk assets to maintain the stability of the US dollar and sustain demand for US Treasury bonds.(17%)
  9. New ETFs, including SOL and XRP, are set to gain approval, attracting more institutional capital into the market. (16%)
  10. Crypto-concept stocks will flock to Nasdaq. Crypto mining and infrastructure stocks will gain significant investor attention.(15%)

Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated: “2025 marks the gateway to what we call the ‘Golden Decade of Web3.’ With regulatory compliance taking center stage, a surge in traditional capital inflows, and accelerating technological breakthroughs, the cryptocurrency market is poised for extraordinary growth. HashKey’s comprehensive Web3 financial infrastructure will serve as the bridge connecting traditional finance with crypto markets. We stand ready, alongside our global partners, to drive the orderly development of the virtual asset industry.”

Note: The percentages in the text represent the proportion of total voters who support each prediction

Disclaimer

https://group.hashkey.com/disclaimer-group/blank-1 

HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million

Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.

Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/

2024: A Year of Explosive Growth Across Multiple Fronts

In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.

  • Key Metrics Show Accelerated Growth Through Innovative Events

HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.

These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.

Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.

  • Spotlight on Emerging Trends and Early Opportunities

Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.

SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success.  Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.

  • Commitment to Security and Regulatory Compliance

HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.

To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.

  • Towards Long-Term Development Through Ecosystem Cooperation

HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more.  Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.

  • Promotion of Brand Image to Facilitate Global Reach

Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.

2025: Seizing Opportunities in a New Crypto Era

HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:

1. Expand premium listings.

2. Enhance product offerings and user experience through innovation.

3. Strengthen security measures and global operations models.

4. Support decentralized governance and foster global crypto prosperity.

5. Cement HTX’s influence, particularly in high-potential regions like the CIS.

2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional  services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com 

Contact Details
Ruder Finn Asia
htx@ruderfinn.com
Company Website
https://www.htx.com

 

Cyberport Leads over 30 Start-ups to Participate at Asian Financial Forum 2025

Showcasing innovative Fintech solutions to government and business leaders

HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – Cyberport, Hong Kong’s largest FinTech hub, is thrilled to be the FinTech Partner for the prestigious Asian Financial Forum (AFF), being held on 13 and 14 January. This is the ninth consecutive year that Cyberport has held that distinction, and its enduring commitment to this landmark event reflects its pivotal role in advancing Hong Kong’s dynamic financial prowess. Under the theme “Powering the Next Growth Engine“, industry leaders, policymakers, and entrepreneurs from around the world have convened at the AFF to explore emerging drivers and innovative strategies for growth. Cyberport led over 30 start-ups to showcase their cutting-edge FinTech solutions and next-generation ideas to government, finance, and business leaders at the event.

Cyberport led over 30 start-ups to present their innovative FinTech solutions and their next-generation ideas at the AFF
Cyberport led over 30 start-ups to present their innovative FinTech solutions and their next-generation ideas at the AFF

Simon Chan, Chairman of Cyberport, stated in his welcome remarks, “As we embark on our journey to becoming a digital-first financial centre, we must embrace the transformative power of forefront technologies such as AI, and rethink our strategies towards a more sustainable future in the financial sector. With over 430 FinTech companies based at Cyberport, we are uniquely positioned to foster an innovative FinTech ecosystem in Hong Kong. We work closely with the Government and key partners to actively drive the application of innovative technologies in the financial sector. Our commitment to sustainable and innovative technology development is evident in our unwavering support for start-ups that are pioneering solutions in green finance and digital innovation. Together, we will continue to collaborate with various sectors to meet the challenges ahead and collectively build a more inclusive, efficient, and sustainable future for the financial services industry.”

Cyberport co-hosted a thematic workshop titled “Accelerating Financial Innovation: Hong Kong’s Journey Towards a Digital-First Financial Centre“. The workshop highlighted Hong Kong’s strategic initiatives in embracing advanced financial technologies and nurturing an innovative financial ecosystem. The session featured discussions on the Hong Kong Monetary Authority’s Sustainable Finance Action Agenda, which aims to achieve net-zero emissions and catalyse sustainable finance development. FinTech leaders also shared real-world applications of transformative technologies in the financial sector, illustrating how these innovations can be powerful drivers for positive change in the economy.

Additionally, a kick-off ceremony was held for The Green and Sustainable FinTech Proof-of-Concept Funding Support Scheme projects during the event. Launched by the Financial Services and the Treasury Bureau (FSTB) and administrated by Cyberport, this scheme promotes green and sustainable FinTech development in Hong Kong. From over 100 proposals received, 60 projects were selected after an expert review.

On the other hand, a dedicated Cyberport Pavilion was also featured in the event, where eight community members presented various FinTech solutions to address contemporary financial challenges, such as digital assets, RegTech, WealthTech, InsurTech, and ESG/Green Finance. Additionally, dozens of FinTech companies from the Cyberport community showcased their innovative ideas to global investors, partners, and business leaders at the forum. These startups are making significant contributions to the rapidly evolving financial market by providing cutting-edge financial technology.

Playing a vital role in promoting Hong Kong’s FinTech development, Cyberport houses more than 430 FinTech start-ups and technology companies covering digital assets, virtual insurers, virtual banks, electronic payments, and WealthTech. The Cyberport community also includes five FinTech unicorns, namely ZA International, WeLab, TNG, CertiK, and HashKey, as well as three Hong Kong-licensed virtual asset trading platforms: HashKey, HKVAX and HKbitEX.

Hashtag: #Cyberport

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

About Cyberport

Cyberport is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 2,100 members including over 900 onsite and over 1,200 offsite start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong Special Administrative Region Government, and committed to the vision to inject new impetus into digital economy and smart city development through innovation and technology, and to connect enterprises to Mainland China and overseas markets. Cyberport strives to nurture a vibrant tech ecosystem by cultivating talents, promoting entrepreneurship among the youth, supporting start-ups, fostering technology industry development by promoting strategic collaboration with local, Mainland Chinese and international partners, and integrating new and traditional economies by accelerating digital transformation in public and private sectors.

For more information, please visit .

Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 24/25


HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the nine months ended 31 December 2024.

The Group’s sales for the nine months ended 31 December 2024 were US$2,730 million compared to US$2,871 million for the same period in the previous financial year, a decrease of 5%. Exchange rate movements had an unfavourable impact of US$11 million on the Group’s sales during the period.

Sales of Automotive Products Group (“APG”)

APG’s sales for the nine months ended 31 December 2024 were US$2,314 million, a decrease of US$108 million compared to the same period in financial year 23/24. Excluding currency effects, APG’s sales decreased by US$97 million or 4%.

The division’s sales changes by region, excluding currency effects, were as follows:

Nine months ended
31 December 2024
Asia-Pacific 2% Decrease
Europe, Middle East and Africa 5% Decrease
Americas 5% Decrease
Total 4% Decrease

In Asia-Pacific, sales decreased by 2% while light vehicle production in the region declined by 1%. The drop in light vehicle production, coupled with a less favourable customer mix, led to lower sales of products for closure and braking, and powder metal components. However, this was largely offset by increased sales of oil pumps and products for steering. In Europe, the Middle East and Africa (“EMEA”), sales decreased by 5% compared to a 7% decline in light vehicle production in the region. Sales of oil pumps and products for vision, thermal management and steering decreased, reflecting the drop in light vehicle production. This decline was partially offset by increased sales of products for seats and transmissions. In the Americas, sales decreased by 5% while light vehicle production declined by 1%. Sales of products for thermal management and seat applications as well as powder metal components decreased due to weak demand from certain customers, and some programs reaching end of life. This decline was partially offset by increased sales of products for steering, transmission and closure applications.

Sales of Industry Products Group (“IPG”)

IPG’s sales for the nine months ended 31 December 2024 were US$416 million, a decrease of US$33 million or 7% compared to the same period in the previous financial year. Currency effects were negligible.

IPG’s end markets remained weak as the business continued to face headwinds driven by consumer caution in discretionary spending and a growing preference for affordable options from value-oriented brands. This shift has increased price competition in certain IPG product segments, where commoditization has led to cost taking precedence over functionality and reliability in purchasing decisions.

The sales changes for IPG by region, excluding currency effects, were as follows:

Nine months ended
31 December 2024
Asia-Pacific 9% Increase
Europe, Middle East and Africa 12% Decrease
Americas 15% Decrease
Total 7% Decrease

In the Asia-Pacific region, sales increased mainly because key customers placed replenishment orders after the depletion of prior inventory surpluses, as well as due to some new business wins. However, this growth was more than offset by a decline in sales in the EMEA and Americas regions, attributed to the previously noted soft end market demand.

Chairman’s Comments on Sales Performance and Outlook

Commenting on the Group’s sales performance and near-term outlook, Dr. Patrick Shui-Chung Wang, Chairman and Chief Executive, said: “Johnson Electric’s sales for the financial year to date have been negatively impacted by lacklustre global light vehicle production volumes and soft consumer demand and price competition in several other manufactured product segments. There is an exceptionally high level of uncertainty concerning the macroeconomic environment that is weighing on consumer sentiment and has led to several customers deferring plans for new product launches.

“Looking ahead, the fourth-quarter sales trajectory remains influenced by the macroeconomic challenges experienced in the previous quarters of the year, compounded by the effects of the Chinese Lunar New Year holidays. Consequently, we presently anticipate Group sales for the full year to be a mid-single-digit percentage lower than the level achieved in the prior year.”

Dr. Wang added: “In view of the uncertainty concerning the prospects for global trade and investment in the year ahead, management is focused on tight cost control and maintaining the Group’s conservative balance sheet profile.”

Cautionary Statement

Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.
Hashtag: #JohnsonElectric

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

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals in 22 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: .