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AIM Vaccine’s mRNA Shingles Vaccine Submits Clinical Application to the U.S.

Another Step Forward in Global Expansion

HONG KONG, Feb. 25, 2025 /PRNewswire/ — As global capital reassesses the investment value of innovative Chinese companies, the development of innovative vaccines in China is in full swing. On February 23, PRC vaccine leader AIM Vaccine (06660.HK) announced that its self-developed mRNA shingles vaccine has recently been submitted for clinical approval to the U.S. Food and Drug Administration (FDA). Not long ago, its mRNA RSV vaccine was also submitted for U.S. clinical trials. In just one month, AIM has made rapid progress in the global rollout of two major mRNA vaccine products.

Why have AIM’s multiple mRNA vaccines been able to push for FDA approval in such a short time? First, innovation is in AIM’s DNA. The mRNA shingles vaccine, currently submitted for U.S. clinical trials, possesses a high level of technological innovation, ensuring superior vaccine quality. According to the announcement, preclinical animal trials conducted by third-party testing units showed that the specific T cell immunity, specific IgG antibody titers, and fluorescent antibody (FAMA) titers of the mRNA shingles vaccine were significantly higher than those of internationally marketed recombinant subunit control vaccines.

More importantly, with the support of the booming DeepSeek, AIM’s mRNA vaccine development is poised to leverage foreseeable leading advantages for rapid advancement. On February 23, AIM announced its comprehensive deployment of the DeepSeek large model, promoting its R1 version through localized strategies for application across all business scenarios, aiming to achieve “cost reduction, quality improvement, and efficiency enhancement” throughout the vaccine’s entire lifecycle. Specifically, to build an intelligent vaccine research and development system, AIM will utilize the DeepSeek large model to discover, design, and manufacture better candidate vaccines.

Additionally, AIM boasts a strong accumulation of experience and first-mover advantage in its mRNA technology platform. As one of the earliest companies to develop mRNA vaccine products in China, AIM has streamlined the entire lifecycle processes of mRNA vaccine R&D and production, enabling rapid industrialization of mRNA vaccine products following clinical completion, thus accelerating the commercialization process.

As noted in a recent research report by Fosun International Securities, the mRNA platform successfully validated during the COVID-19 pandemic has laid a solid foundation for future growth in both domestic and international markets. The company ensures product quality stability and supply reliability through GMP-certified high-standard production facilities, further solidifying its competitive market position. Multiple major mRNA products, including the mRNA shingles vaccine, mRNA RSV vaccine, and mRNA influenza vaccine, can leverage the company’s leading position in next-generation vaccine technology for rapid commercialization.

In summary, the research report from Fosun International Securities indicates that AIM Vaccine, with its differentiated technological advantages and comprehensive product layout, not only shows significant leading potential in the domestic market but also has broad prospects for expansion in international markets, positioning itself to occupy an important place in the global vaccine market.

In just one month, the two major mRNA vaccine products under development have opened the door to the U.S. FDA. AIM’s technological innovation strength and its steps toward the international market are accelerating rapidly.

Trip.com Group Limited Reports Unaudited Fourth Quarter and Full Year of 2024 Financial Results

SINGAPORE, Feb. 25, 2025 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the fourth quarter and full year of 2024.

Key Highlights for the Fourth Quarter and Full Year of 2024

  • International businesses experienced robust growth across all segments in the fourth quarter of 2024
    • Outbound hotel and air ticket bookings have recovered to more than 120% of the pre-COVID level for the same period in 2019.
    • Air ticket and hotel bookings on our international OTA platform increased by over 70% year-over-year.
    • Inbound travel bookings surged by more than 100% year-over-year.
  • The Company delivered solid financial results in the fourth quarter of 2024
    • Net revenue for the fourth quarter was RMB12.7 billion (US$1.7 billion), representing a year-over-year growth of 23%.
    • Net income for the fourth quarter was RMB2.2 billion (US$300 million), compared to RMB1.3 billion for the same period in 2023.
    • Adjusted EBITDA for the fourth quarter was RMB3.0 billion (US$408 million), an improvement from RMB2.9 billion for the same period last year.

“The travel market has shown remarkable resilience in 2024, driven by travelers’ growing desire for exploration and cultural experiences,” said James Liang, Executive Chairman. “We are committed to investing in AI and promoting inbound travel to foster innovation and enhance the overall travel experience. We anticipate another year of growth and success within the industry.”

“We achieved solid results across market segments over the past year,” said Jane Sun, Chief Executive Officer. “With a promising market outlook, we are well-positioned to deliver outstanding travel services globally. We are confident in our ability to create value for users and succeeding with business partners through new initiatives. Together, we strive for win-win outcomes and contribute to global economic growth.”

Fourth Quarter and Full Year of 2024 Financial Results and Business Updates

For the fourth quarter of 2024, Trip.com Group reported net revenue of RMB12.7 billion (US$1.7 billion), representing a 23% increase from the same period in 2023, primarily driven by stronger travel demand. Net revenue for the fourth quarter of 2024 decreased by 20% from the previous quarter, primarily due to seasonality.

For the full year of 2024, net revenue was RMB53.3 billion (US$7.3 billion), representing a 20% increase from 2023.

Accommodation reservation revenue for the fourth quarter of 2024 was RMB5.2 billion (US$709 million), representing a 33% increase from the same period in 2023, primarily driven by an increase in accommodation reservations. Accommodation reservation revenue for the fourth quarter of 2024 decreased by 24% from the previous quarter, primarily due to seasonality.

For the full year of 2024, accommodation reservation revenue was RMB21.6 billion (US$3.0 billion), representing a 25% increase from 2023. The accommodation reservation revenue accounted for 40% of the total revenue in 2024 and 39% of the total revenue in 2023.

Transportation ticketing revenue for the fourth quarter of 2024 was RMB4.8 billion (US$655 million), representing a 16% increase from the same period in 2023, primarily driven by an increase in transportation reservations. Transportation ticketing revenue for the fourth quarter of 2024 decreased by 15% from the previous quarter, primarily due to seasonality.

For the full year of 2024, transportation ticketing revenue was RMB20.3 billion (US$2.8 billion), representing a 10% increase from 2023. The transportation ticketing revenue accounted for 38% of the total revenue in 2024 and 41% of the total revenue in 2023.

Packaged-tour revenue for the fourth quarter of 2024 was RMB870 million (US$119 million), representing a 24% increase from the same period in 2023, primarily driven by an increase in packaged-tour reservations. Packaged-tour revenue for the fourth quarter of 2024 decreased by 44% from the previous quarter, primarily due to seasonality.

For the full year of 2024, packaged-tour revenue was RMB4.3 billion (US$594 million), representing a 38% increase from 2023. The packaged-tour revenue accounted for 8% of the total revenue in 2024 and 7% of the total revenue in 2023.

Corporate travel revenue for the fourth quarter of 2024 was RMB702 million (US$96 million), representing an 11% increase from the same period in 2023 and a 7% increase from the previous quarter, primarily driven by an increase in corporate travel reservations.

For the full year of 2024, corporate travel revenue was RMB2.5 billion (US$343 million), representing an 11% increase from 2023. The corporate travel revenue accounted for 5% of the total revenue both in 2024 and 2023.

Cost of revenue for the fourth quarter of 2024 increased by 31% to RMB2.6 billion (US$362 million) from the same period in 2023 and decreased by 6% from the previous quarter, which was generally in line with the fluctuations in net revenue from the respective periods. Cost of revenue as a percentage of net revenue was 21% for the fourth quarter of 2024.

For the full year of 2024, cost of revenue was RMB10.0 billion (US$1.4 billion), representing a 23% increase from 2023. Cost of revenue as a percentage of net revenue was 19% in 2024.

Product development expenses for the fourth quarter of 2024 increased by 16% to RMB3.4 billion (US$465 million) from the same period in 2023 and decreased by 7% from the previous quarter, primarily due to the fluctuations in product development personnel related expenses. Product development expenses as a percentage of net revenue were 27% for the fourth quarter of 2024.

For the full year of 2024, product development expenses increased by 8% to RMB13.1 billion (US$1.8 billion) from 2023. Product development expenses as a percentage of net revenue were 25% in 2024.

Sales and marketing expenses for the fourth quarter of 2024 increased by 45% to RMB3.4 billion (US$462 million) from the same period in 2023, primarily due to the increase in expenses relating to sales and marketing promotion activities. Sales and marketing expenses for the fourth quarter of 2024 was flat compared to the previous quarter. Sales and marketing expenses as a percentage of net revenue were 26% for the fourth quarter of 2024.

For the full year of 2024, sales and marketing expenses increased by 29% to RMB11.9 billion (US$1.6 billion) from 2023. Sales and marketing expenses as a percentage of net revenue were 22% in 2024.

General and administrative expenses for the fourth quarter of 2024 increased by 19% to RMB1.0 billion (US$142 million) from the same period in 2023, primarily due to an increase in general and administrative personnel related expenses. General and administrative expenses for the fourth quarter of 2024 decreased by 1% from the previous quarter. General and administrative expenses as a percentage of net revenue were 8% for the fourth quarter of 2024.

For the full year of 2024, general and administrative expenses increased by 9% to RMB4.1 billion (US$560 million) from 2023. General and administrative expenses as a percentage of net revenue were 8% in 2024.

Income tax expense for the fourth quarter of 2024 was RMB526 million (US$72 million), compared to RMB399 million for the same period in 2023 and RMB721 million for the previous quarter. The change in Trip.com Group’s effective tax rate was primarily due to the combined impacts of changes in respective profitability of its subsidiaries with different tax rates, changes in deferred tax liabilities relating to withholding tax, certain non-taxable income or loss resulting from the fair value changes in equity securities investments and exchangeable senior notes recorded in other income/(expense), and changes in valuation allowance provided for deferred tax assets.

For the full year of 2024, income tax expense was RMB2.6 billion (US$357 million), compared to RMB1.8 billion in 2023.

Net income for the fourth quarter of 2024 was RMB2.2 billion (US$300 million), compared to RMB1.3 billion for the same period in 2023 and RMB6.8 billion for the previous quarter. Adjusted EBITDA for the fourth quarter of 2024 was RMB3.0 billion (US$408 million), compared to RMB2.9 billion for the same period in 2023 and RMB5.7 billion for the previous quarter.

For the full year of 2024, net income was RMB17.2 billion (US$2.4 billion), compared to RMB10.0 billion in 2023.

Net income attributable to Trip.com Group’s shareholders for the fourth quarter of 2024 was RMB2.2 billion (US$295 million), compared to RMB1.3 billion for the same period in 2023 and RMB6.8 billion for the previous quarter. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP net income attributable to Trip.com Group’s shareholders for the fourth quarter of 2024 was RMB3.0 billion (US$416 million), compared to RMB2.7 billion for the same period in 2023 and RMB6.0 billion for the previous quarter.

For the full year of 2024, net income attributable to Trip.com Group’s shareholders was RMB17.1 billion (US$2.3 billion), compared to RMB9.9 billion in 2023. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP net income attributable to Trip.com Group’s shareholders was RMB18.0 billion (US$2.5 billion) in 2024, compared to RMB13.1 billion in 2023.

Diluted earnings per ordinary share and per ADS was RMB3.09 (US$0.42) for the fourth quarter of 2024. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP diluted earnings per ordinary share and per ADS was RMB4.35 (US$0.60) for the fourth quarter of 2024. Each ADS currently represents one ordinary share of the Company.

For the full year of 2024, diluted earnings per share and per ADS was RMB24.78 (US$3.39). Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP diluted earnings per share and per ADS was RMB26.20 (US$3.59).

As of December 31, 2024, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products was RMB90.0 billion (US$12.3 billion).

Recent Development

As part of our ongoing commitment to delivering value to our shareholders and ADS holders and in line with our regular capital return policy, the Company’s board of directors has authorized to undertake new capital return measures in 2025, consisting of (i) a share repurchase program under which the Company is authorized and approved to, from time to time, acquire up to an aggregate of US$400 million of its ordinary shares and/or ADSs, and (ii) an ordinary cash dividend for the financial year of 2024 totaling approximately US$200 million. The cash dividend will be US$0.30 per ordinary share or per ADS, payable to holders of ordinary shares and ADSs of record as of the close of business on March 17, 2025, Hong Kong time and New York time, respectively. Dividends to holders of ordinary shares are expected to be paid on or around March 27, 2025. Dividends to holders of ADSs are expected to be paid on or around April 4, 2025, subject to the terms of the deposit agreement, including the fees and expenses payable thereunder.  

Conference Call

Trip.com Group’s management team will host a conference call at 7:00 PM on February 24, 2025, U.S. Eastern Time (or 8:00 AM on February 25, 2025, Hong Kong Time) following this announcement.

The conference call will be available live on Webcast and for replay at: https://investors.trip.com. The call will be archived for twelve months on our website.

All participants must pre-register to join this conference call using the Participant Registration link below:

https://register.vevent.com/register/BI464e7cf662634c26ab00fc2284233a50.  

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to,” “confident,” or other similar statements. Among other things, quotations from management in this press release, as well as Trip.com Group’s strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, volatility in the trading price of Trip.com Group’s ADSs or shares, Trip.com Group’s reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group’s existing or future business lines, damage to or failure of Trip.com Group’s infrastructure and technology, loss of services of Trip.com Group’s key executives, adverse changes in economic and business conditions in the relevant jurisdictions where Trip.com Group operates, any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Trip.com Group and other risks outlined in Trip.com Group’s filings with the U.S. Securities and Exchange Commission or the Stock Exchange of Hong Kong Limited. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group’s consolidated financial statements, which are prepared and presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Trip.com Group uses non-GAAP financial information related to adjusted net income attributable to Trip.com Group Limited, adjusted EBITDA, adjusted EBITDA margin, and adjusted diluted earnings per ordinary share and per ADS, each of which is adjusted from the most comparable GAAP result to exclude the share-based compensation charges that are not tax deductible, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), net of tax, and other applicable items. Trip.com Group’s management believes the non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP, does not have a standardized meaning under GAAP, and may be different from non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects that have been and will continue to be significant recurring expenses in Trip.com Group’s business for the foreseeable future.

Reconciliations of Trip.com Group’s non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner, with the mission “to pursue the perfect trip for a better world.”

For further information, please contact:

Investor Relations
Trip.com Group Limited
Tel: +86 (21) 3406-4880 X 12229
Email: iremail@trip.com

 

 

 

Trip.com Group Limited

Unaudited Consolidated Balance Sheets

(In millions, except share and per share data)

December 31, 2023

December 31, 2024

December 31, 2024

RMB (million)

RMB (million)

USD (million)

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

43,983

51,093

7,000

Short-term investments

17,748

28,475

3,900

Accounts receivable, net 

11,410

12,459

1,707

Prepayments and other current assets 

15,591

20,093

2,753

Total current assets

88,732

112,120

15,360

Property, equipment and software

5,142

5,053

692

Intangible assets and land use rights

12,644

12,840

1,759

Right-of-use asset

641

755

103

Investments (Includes held to maturity time deposit and
financial products of RMB15,530 million and RMB10,453
million as of December 31,2023 and December 31,
2024, respectively)

49,342

47,194

6,466

Goodwill

59,372

60,911

8,345

Other long-term assets

688

454

62

Deferred tax asset

2,576

3,254

446

Total assets

219,137

242,581

33,233

LIABILITIES

Current liabilities:

Short-term debt and current portion of long-term debt

25,857

19,433

2,662

Accounts payable

16,459

16,578

2,271

Advances from customers

13,380

18,029

2,470

Other current liabilities

16,715

19,970

2,736

Total current liabilities

72,411

74,010

10,139

Deferred tax liability

3,825

4,098

561

Long-term debt

19,099

20,134

2,758

Long-term lease liability

477

561

77

Other long-term liabilities

319

296

41

Total liabilities

96,131

99,099

13,576

MEZZANINE EQUITY

743

102

SHAREHOLDERS’ EQUITY

Total Trip.com Group Limited shareholders’ equity

122,184

141,807

19,427

Non-controlling interests

822

932

128

Total shareholders’ equity

123,006

142,739

19,555

Total liabilities, mezzanine equity and shareholders’ equity

219,137

242,581

33,233

 

 

 

Trip.com Group Limited

Unaudited Consolidated Statements of Income

(In millions, except share and per share data)

Three Months Ended

Year Ended

December 31, 2023

September 30, 2024

December 31, 2024

December 31, 2024

December 31, 2023

December 31, 2024

December 31, 2024

RMB (million)

RMB (million)

RMB (million)

USD (million)

RMB (million)

RMB (million)

USD (million)

Revenue:

Accommodation reservation 

3,903

6,802

5,178

709

17,257

21,612

2,961

Transportation ticketing 

4,106

5,650

4,780

655

18,443

20,301

2,781

Packaged-tour 

704

1,558

870

119

3,140

4,336

594

Corporate travel

634

656

702

96

2,254

2,502

343

Others

991

1,234

1,238

170

3,468

4,626

634

Total revenue

10,338

15,900

12,768

1,749

44,562

53,377

7,313

Less: Sales tax and surcharges

(13)

(27)

(24)

(3)

(52)

(83)

(11)

Net revenue

10,325

15,873

12,744

1,746

44,510

53,294

7,302

Cost of revenue

(2,010)

(2,800)

(2,640)

(362)

(8,121)

(9,990)

(1,368)

Gross profit

8,315

13,073

10,104

1,384

36,389

43,304

5,934

Operating expenses:

Product development *

(2,916)

(3,640)

(3,397)

(465)

(12,120)

(13,139)

(1,800)

Sales and marketing *

(2,333)

(3,382)

(3,373)

(462)

(9,202)

(11,902)

(1,631)

General and administrative *

(869)

(1,045)

(1,033)

(142)

(3,743)

(4,086)

(560)

Total operating expenses

(6,118)

(8,067)

(7,803)

(1,069)

(25,065)

(29,127)

(3,991)

Income from operations

2,197

5,006

2,301

315

11,324

14,177

1,943

Interest income 

593

598

517

71

2,090

2,341

321

Interest expense

(497)

(399)

(323)

(44)

(2,067)

(1,735)

(238)

Other (expense)/income

(903)

1,781

(137)

(19)

(667)

2,220

304

Income before income tax
expense and equity in income
of affiliates

1,390

6,986

2,358

323

10,680

17,003

2,330

Income tax expense

(399)

(721)

(526)

(72)

(1,750)

(2,604)

(357)

Equity in income of affiliates

351

558

359

49

1,072

2,828

387

Net income

1,342

6,823

2,191

300

10,002

17,227

2,360

Net income attributable to non-
controlling interests and mezzanine
classified non-controlling interests

(45)

(58)

(34)

(5)

(84)

(160)

(22)

Net income attributable to
Trip.com Group Limited

1,297

6,765

2,157

295

9,918

17,067

2,338

Earnings per ordinary share 

– Basic

1.99

10.37

3.28

0.45

15.19

26.10

3.58

– Diluted

1.94

9.93

3.09

0.42

14.78

24.78

3.39

Earnings per ADS 

– Basic

1.99

10.37

3.28

0.45

15.19

26.10

3.58

– Diluted

1.94

9.93

3.09

0.42

14.78

24.78

3.39

Weighted average ordinary shares
outstanding 

– Basic

652,033,082

652,719,801

656,190,044

656,190,044

652,859,211

654,035,399

654,035,399

– Diluted

668,332,395

681,411,847

698,171,269

698,171,269

671,062,240

688,704,882

688,704,882

* Share-based compensation included in Operating expenses above is as follows:

  Product development 

215

221

219

30

870

976

134

  Sales and marketing 

39

38

40

6

158

171

24

  General and administrative 

196

200

200

27

806

895

123

 

 

Trip.com Group Limited

Unaudited Reconciliation of  GAAP and Non-GAAP Results

(In millions, except %, share and per share data)

Three Months Ended

Year Ended

December 31, 2023

September 30, 2024

December 31, 2024

December 31, 2024

December 31, 2023

December 31, 2024

December 31, 2024

RMB (million)

RMB (million)

RMB (million)

USD (million)

RMB (million)

RMB (million)

USD (million)

Net income

1,342

6,823

2,191

300

10,002

17,227

2,360

Less: Interest income

(593)

(598)

(517)

(71)

(2,090)

(2,341)

(321)

Add: Interest expense

497

399

323

44

2,067

1,735

238

Add: Other expense/(income)

903

(1,781)

137

19

667

(2,220)

(304)

Add: Income tax expense

399

721

526

72

1,750

2,604

357

Less: Equity in income of affiliates

(351)

(558)

(359)

(49)

(1,072)

(2,828)

(387)

Income from operations

2,197

5,006

2,301

315

11,324

14,177

1,943

Add: Share-based compensation

450

459

459

63

1,834

2,042

281

Add: Depreciation and amortization

208

215

220

30

817

851

117

Adjusted EBITDA

2,855

5,680

2,980

408

13,975

17,070

2,341

Adjusted EBITDA margin

28 %

36 %

23 %

23 %

31 %

32 %

32 %

Net income attributable to Trip.com Group Limited

1,297

6,765

2,157

295

9,918

17,067

2,338

Add: Share-based compensation

450

459

459

63

1,834

2,042

281

Add: Loss/(gain) from fair value changes of equity securities
investments and exchangeable senior notes

989

(1,276)

438

60

1,507

(1,082)

(148)

Add: Tax effects on fair value changes of equity securities
investments and exchangeable senior notes

(61)

15

(16)

(2)

(188)

14

2

Non-GAAP net income attributable to Trip.com Group Limited

2,675

5,963

3,038

416

13,071

18,041

2,473

Weighted average ordinary shares outstanding-
 Diluted-non GAAP 

668,332,395

681,411,847

698,171,269

698,171,269

671,062,240

688,704,882

688,704,882

Non-GAAP Diluted income per share 

4.00

8.75

4.35

0.60

19.48

26.20

3.59

Non-GAAP Diluted income per ADS 

4.00

8.75

4.35

0.60

19.48

26.20

3.59

Notes for all the condensed consolidated financial schedules presented:

Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.2993 on December 31, 2024 published by the Federal Reserve Board.

 

 

EdHeroes Launches Global Initiative to Preserve Cultural Heritage Through Education

TRIESEN, Liechtenstein, Feb. 25, 2025 /PRNewswire/ — Following the success of last year’s EdHeroes Global Forum on Cultural Heritage in Education, the global education network EdHeroes introduces a fresh new initiative to integrate cultural heritage into education worldwide called EdHeroes Cultural Heritage in Education Committee. This initiative will foster cross-border collaboration to ensure that cultural traditions, languages, and histories remain an essential part of education for generations to come.

EdHeroes Committees launched
EdHeroes Committees launched

Rapid erosion of traditional culture has affected the future of childhood, leaving society in a moribund state. The Committee stands for global solidarity for revitalising cultural biodiversity,” said Dr Mahendra Mishra, UNESCO’s International Mother Language Award 2023 Laureate, National Advisor of LLF and EdHeroes Cultural Heritage in Education Committee member.

At the heart of this initiative are six core values: Unity in Diversity, Sustainability of Cultural Heritage, Equitable Education for All, Lifelong Learning, Innovation with Purpose, and Global Collaboration. These principles guide the development of impactful global projects that celebrate diversity while addressing shared educational challenges.

To bring this vision to life, EdHeroes will roll out several key programs namely Global Education Exchange Program (GEEP), Heritage Preservation & Revitalization Projects, Community-Driven Curriculum Development, World Citizen Learning, and EdHeroes Action Week. These programs aim to establish a learning environment that ensures mutual learning and fosters collaboration where every cultural heritage is honored and celebrated within education.

EdHeroes invites governments, non-profits, educators, businesses, and community leaders to join this global movement in safeguarding cultural heritage through education. By working together, an inclusive and sustainable future where education serves as a bridge between cultures, fostering unity and shared understanding is achievable.

EdHeroes Cultural Heritage in Education Committees:
Martin Vegas (Director of the Horizontes Programme, UNESCO Perú)
Mercedes Mayol Lassalle (World President of OMEP)
Dr. Mahendra Mishra (UNESCO’s International Mother Language Award 2023 Laureate)
Piotr Michalowski (Board member of the European Network of Cultural Centres ENCC Brussels)
Sara Mitchell (Partnerships Coordinator of Amantani, EdHeroes Peru Hub Leader)
Spyridon Kogkas (Co-founder & CEO at Imagine Heritage, EdHeroes Greece Hub Leader)
Keris Kwan (Representative of Mangkunegaran Palace, Indonesia)
Gilles Pétreault (Vice-President of the OMEP-France)
Charles Looker (Awekura | Kaihautū Lead and Kairapu (Alumni) of 2016)
Gillette Hall (former World Bank economist)

For more information, please visit EdHeroes website

 

Electrolux Group retains business in Egypt with intention to grow

STOCKHOLM, Feb. 25, 2025 /PRNewswire/ — After an evaluation of various alternatives, Electrolux Group has decided to retain its business in Egypt since the value is considered to be higher if it remains within the Group.

The business in Egypt includes sales and production of major appliances as well as water heaters and is profitable with well-established and strong brands.

“We have a successful business in Egypt and after evaluating different options, we concluded that it will create a higher value by continuing to be part of the Group”, says Yannick Fierling, President & CEO of Electrolux Group. “Our objectives going forward are to take advantage of the growing market in Egypt and increase our market share as well as to expand export from Egypt.”

The potential divestment of the Group’s business in Egypt was communicated as part of the announcement on July 20, 2023 to initiate preparations for divestment of certain assets. After today’s announcement, this divestment program is closed.

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 24-02-2025 19:00 CET.

CONTACT: 
For more information:
Ann-Sofi Jönsson, Investor Relations, +46 73 025 10 05
Electrolux Group Press Hotline, +46 8 657 65 07

This information was brought to you by Cision http://news.cision.com

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250224 PR Electrolux retains Egypt business

Little Artists Students from Singapore Shine at Art Capital 2025 at Grand Palais, Paris

PARIS, Feb. 25, 2025 /PRNewswire/ — Little Artists Art Studio, is proud to share the historic debut of their young and rising talents at the prestigious Art Capital Paris: Le Salon des Artistes Français at the Grand Palais, Paris, from February 18 to February 22, 2025. Being awarded the Prix D’ Innovation prize was another feather in the cap.

Little Artists in Paris
Little Artists in Paris

Each young artist received a certificate of participation from Mr Bruno Madelaine, President Societe des Artistes Français, Art Capital and Mr Alain Bazard, celebrated French artist and President of the Painting, Tapestry and Wall Art, Digital Art and Drawing at Le Salon des Artistes Français

Little Artists Art Studio, one of the most premier art schools in Singapore, has been at the forefront of fostering artistic talent for over three decades, providing a platform for young artists to explore, develop, and showcase their creativity.

“We are extremely happy to see everyone here today. We are not accustomed to seeing such young artists here.” said Mr Bruno Madelaine, President Societe des Artistes Français, Art Capital. “It is an exceptional event for us to meet such young artists and I am very proud of it.”

Ms Shalini Kapoor, Director Little Artists with Mr Anoush Mask, Mr Alain Bazard and Mr Bruno Madelaine
Ms Shalini Kapoor, Director Little Artists with Mr Anoush Mask, Mr Alain Bazard and Mr Bruno Madelaine

This is a historic milestone for Art Capital, as children’s artworks would be on display for the first time in their 200+ years history. This momentous occasion marks a significant milestone in Little Artists’ journey and underscores its commitment to nurturing young, emerging artists on the global stage.

This year’s Art Capital exhibition drew over 150,000 visitors, including prominent collectors, curators, and art critics from around the world, making it a vital platform for contemporary artists, with more than 3,000 artists showcasing their work. Little Artists Art Studio is honoured to have contributed to this prestigious event, celebrating the creativity and talent of its student who made their debut at this renowned exhibition.

View of the exhibition
View of the exhibition

Art Capital Paris is one of the most prestigious events on the global art calendar, showcasing a blend of artistic styles and perspectives. Established to bring together creators from all walks of life, the event is divided into four distinct salons – Salon des Artistes Indépendants, Salon Comparaisons, Salon du Dessin et de la Peinture à l’Eau and Salon des Artistes Français   , each offering a specialized lens on contemporary art. From the experimental to the traditional, the exhibitions provide a comprehensive view of modern creativity.

Out of these, the oldest, Salon Société des Artistes Français, was born in 1881 from the will of the State, which wanted the historical Salon, created under Louis XIV, to be henceforth organized by the artists. Held annually at the Grand Palais, the Salon provides a platform for both emerging and established artists to present their work in one of the most iconic cultural venues. Historically, the Salon has been a stage for legendary artists such as Picasso, Van Gogh, Rodin, Cézanne, and Manet, and continues to be a symbol of artistic excellence.

Little Artists Art Studio Singapore, studio offers specialized programs in various artistic disciplines, focusing on personalized guidance and hands-on learning. With a commitment to excellence, the studio has become a nurturing environment where emerging artists gain the confidence and skills to succeed in the global art community. The studio’s emphasis on individual expression and artistic innovation prepares its students for the opportunities and challenges of the contemporary art world, as evidenced by this significant debut at one of the most prestigious art events in the world.

The studio’s participation in Art Capital reaffirms its mission to empower the next generation of artists and provide them with the resources, guidance, and platforms to succeed. This debut at the Grand Palais not only marks a defining moment for the artist but also solidifies Little Artists Art Studio’s commitment to the global art community.

www.little-artists.com

 

 

 

Young Prodigy Ahan Mehra Shines at Prestigious Art Capital Exhibition in Paris

PARIS, Feb. 25, 2025 /PRNewswire/ — At just 17 years old, Ahan Mehra, a rising artist from Singapore, has made a remarkable debut at the world-renowned Art Capital Paris: Le Salon des Artistes Français, held at the Grand Palais in Paris from February 18 to 22, 2025. His participation in this esteemed event showcases not only his immense talent but also his dedication and vision as an artist.

Ahan Mehra
Ahan Mehra

Ahan’s featured artwork, In Search of Truth, a striking portrayal of Mahatma Gandhi through the lens of Impressionism, captivated art critics, fellow artists, and thousands of international visitors from around the world. His ability to blend emotion, texture, and historical significance in his work highlights his creative depth and artistic maturity beyond his years. The jury’s decision to showcase this piece at Art Capital highlights Ahan’s exceptional ability to fuse emotion, texture, and historical significance.

Celebrated French artist Mr Alain Bazard viewing Ahan's Artwork
Celebrated French artist Mr Alain Bazard viewing Ahan’s Artwork

“I am impressed with his maturity of this work and symbolism in his concept to convey the social message” said Mr Alain Bazard, celebrated French artist and President of the Painting, Tapestry and Wall Art, Digital Art and Drawing at Le Salon des Artistes Français. “I am happy to see how he has planned his colour and applied the impressionist technique to create tonal values and bring out not only realism but expression of Mahatma Gandhi.”

View of the exhibition
View of the exhibition

As part of the celebrated Art Capital event, this year’s exhibition drew over 3,000 artists and more than 150,000 visitors, including collectors, curators, and art critics. The Salon Société des Artistes Français, founded in 1881 by the French State, continues to be one of the most celebrated and influential art exhibitions in the world. Held annually at the Grand Palais, the Salon provides a platform for both emerging and established artists to present their work in one of the most iconic cultural venues. Historically, the Salon has been a stage for legendary artists such as Picasso, Van Gogh, Rodin, Cézanne, and Manet, and continues to be a symbol of artistic excellence.

Ahan’s success at Art Capital marks a defining moment in his artistic journey, starting as a young student at Little Artists Art Studio, highlighting his potential for continued growth and success in the global art world. With his unwavering commitment to innovation and emotional expression, Ahan Mehra is poised to become one of the leading young voices in contemporary art.

Ayoung Kim Selected as the 2025 LG Guggenheim Award Recipient

  • Kim’s innovative practice employs emerging technologies to investigate contemporary issues, working with virtual reality, game engines, and live simulation, as well as traditional mediums like performance, sculpture, and printmaking.
  • The award is part of the LG Guggenheim Art and Technology Initiative, a five-year, multifaceted collaboration designed to research, honor, and promote artists working at the intersection of art and technology.

SEOUL, South Korea, Feb. 25, 2025 /PRNewswire/ — LG and the Guggenheim New York proudly announce Ayoung Kim as the 2025 LG Guggenheim Award recipient. Kim is the third artist to be recognized as part of the LG Guggenheim Art and Technology Initiative, a five-year, multifaceted collaboration designed to research, honor, and promote artists working at the intersection of art and technology. Selected by an international jury of leaders in contemporary art, Kim will receive an unrestricted honorarium of $100,000 in celebration of her groundbreaking contributions to this field.

Ayoung Kim, Delivery Dancer’s Sphere, 2022. Color video with sound, 25 min. © Ayoung Kim
Ayoung Kim, Delivery Dancer’s Sphere, 2022. Color video with sound, 25 min. © Ayoung Kim

“At its core, Ayoung Kim’s pathbreaking work invites viewers not only to marvel at her technical mastery but also to engage with deep questions about time and the human experience in an accelerating digital age. By revealing the convergence of machines and humanity, her visionary work illuminates the most pressing challenges of our era. I am both honored and proud that Kim is recognized as a leading voice through this award,” states Naomi Beckwith, Deputy Director and Jennifer and David Stockman Chief Curator at the Guggenheim New York.

[Photo1]AyoungKim_2025 LG Guggenheim Award Recipient ⓒ Kanghyuk Lee
[Photo1]AyoungKim_2025 LG Guggenheim Award Recipient ⓒ Kanghyuk Lee

Ayoung Kim’s work, in which technology is both a subject matter and a medium, resonates with LG’s engagement with technology as we advance innovations with considerations to human experiences and emotions. LG congratulates Ayoung Kim on this timely and well-deserved recognition and looks forward to witnessing her continued use of cutting-edge technologies to expand the scope of contemporary art,” states Seol Park, Head of Brand at LG Corp.

Trained in motion graphics and lens-based media, Kim creates fantastical, meticulously crafted virtual environments using emerging technologies. Her work builds on classical cinematic tropes, combining live action, motion capture and animation software, game engines, and image-generation technologies. She explores virtual reality and live simulation alongside more traditional mediums like performance, sculpture, and printmaking.

Inspired by Webtoon aesthetics and the concept of GL (Girls’ Love), Kim transforms firsthand research and documentary fieldwork into immersive speculative worlds. Her work ranges from in-depth historical research on ancient cosmologies to intimate studies of the daily lives of algorithmically managed service workers and refugees, weaving vast, epic narratives that cross time, space, cultures, and languages. A master of storytelling and worldbuilding, Kim advocates for AI (artificial intelligence) literacy and a deeper understanding of the boundary between humans and machines, reflecting her profound interest in particle science, quantum realities, and the interconnected possibilities of multiple worlds. Her forward-thinking, inventive practice pushes the boundaries of art and technology, offering a vision of the future shaped by both.

“As technology advances, human life inevitably becomes more intricate. What artists can do with technology is explore the uncertain possibilities it may conceal and deploy it in the most intuitive way. Neither a techno-determinist nor a techno-pessimist, I have always wanted to comment on the impact of technology in our society by using it. I express my heartfelt thanks to LG and the Guggenheim Museum for their visionary commitment to supporting artists who foster technological discourse,” states 2025 LG Guggenheim Award recipient Ayoung Kim.

An upcoming public program with the artist will be announced soon. Please visit guggenheim.org/calendar/ for more information.

Ayoung Kim (b. 1979, Seoul) has presented her work at Mori Art Museum, Tokyo (2025); ACMI, Melbourne (2024); M+, Hong Kong (2024); the Museum of Modern Art, New York (2024); HEK (House of Electronic Arts), Basel (2023); the National Museum of Modern and Contemporary Art, Korea, Seoul (2023); Palais de Tokyo, Paris (2016); and the Berlin International Film Festival (2020). She has participated in major international shows, including the Sharjah Biennial (2023), Gwangju Biennial (2018), and Venice Biennale (2015).

Kim has received the ACC Future Prize, National Asian Culture Center, Gwangju, Korea (2024); the Golden Nica Award, Prix Ars Electronica, Linz, Austria (2023); and the British Institution Award, Royal Academy of Arts, London (2010). Her work is in the collections of Frac Lorraine, Metz, France; Kadist Foundation; Leeum Museum of Art, Seoul; National Museum of Art, Osaka; National Museum of Modern and Contemporary Art, Korea, Seoul; and Tate, London; among many others. She has an upcoming solo show at Hamburger Bahnhof, Berlin, opening February 28, 2025.

This year’s jury was comprised of Mohamed Almusibli, Director and Chief Curator, Kunsthalle Basel; Doryun Chong, Artistic Director and Chief Curator, M+, Hong Kong; Sabine Himmelsbach, Director, HEK (House of Electronic Arts), Basel; Alfredo Jaar, artist, architect, and filmmaker; and Noam Segal, LG Electronics Associate Curator, Solomon R. Guggenheim Museum, New York.

Jury Statement
“The work of Ayoung Kim represents a paradigm shift in how art can engage with emerging technologies, fusing traditional cinematic and graphic tropes with new image-making techniques. Her work offers transformative perspectives on how humanity interacts with and understands these new tools. The artist’s seamless blend of traditional and cutting-edge methods—melding performance, virtual environments, gaming engines, and printmaking—demonstrates her ability to bridge seemingly disparate worlds into cohesive, thought-provoking pieces. By integrating elements from cultural narratives, historical research, and advanced technological frameworks, Kim redefines the role of an artist as a connector between social legacies, fostering new dialogues in art and technology.

Kim’s exploration of the human condition in her works transcends conventional representations, portraying humanity as an evolving intersection of physicality and data under algorithmic governance. Her approach raises essential questions about the ethical and emotional implications of living in a technology-driven world, offering audiences opportunities for both reflection and discovery. Kim’s artistic language demonstrates a remarkable balance between meticulous craftsmanship and experimental boldness, ensuring her work resonates across diverse audiences and contexts. The jury recognizes Kim to be a pioneering, trailblazing artist of her time.”

About the LG Guggenheim Art and Technology Initiative
The LG Guggenheim Art and Technology Initiative is a five-year, multifaceted collaboration between LG and the Guggenheim designed to research, honor, and promote artists working at the intersection of art and technology. Unique in its areas of concentration and approach, the initiative is an unprecedented investment in technology as an artistic medium. It enables the Guggenheim to broaden its investigations into this innovative field, providing essential support to the visionary artists who inspire new understandings of how technology shapes, and is shaped by, society.

As part of the initiative, Noam Segal joined the Guggenheim New York in 2023 as LG Electronics Associate Curator. Focusing on research, Segal holds an active role in developing the museum’s engagement with technology-based art, producing scholarship and public-facing content that will strengthen the goals of the multifaceted initiative across the museum’s departments.

The 2025 LG Guggenheim Award recipient will be celebrated on May 8 at the 2025 Young Collectors Council (YCC) Party, sponsored by LG Display. Ayoung Kim will be in attendance. For this year’s party, artist and technologist LaJuné McMillian will transform the Guggenheim rotunda. For more information, visit guggenheim.org/initiatives/lg-guggenheim-art-and-technology-initiative/lg-and-the-ycc-party.

Stephanie Dinkins and Shu Lea Cheang received the LG Guggenheim Award in 2023 and 2024, respectively, and two more artists will be recognized with the award through 2027.

About LG
Founded in 1947, LG is a technology innovator and global leader in consumer electronics, automotive components, ESS, and organic light-emitting displays (OLEDs). LG Corporation (LG Corp.) is the holding company for industry-leading LG subsidiaries, such as LG Electronics, LG Display, LG Energy Solution, and LG Chem, to name a few. The LG group of companies employs over 270,000 people in more than 60 countries that together generate USD 140 billion in annual revenue. For more information about the LG group of companies, visit lgcorp.com

About the Solomon R. Guggenheim Foundation
The Solomon R. Guggenheim Foundation was established in 1937 and is dedicated to promoting the understanding and appreciation of modern and contemporary art through exhibitions, education programs, research initiatives, and publications. The international constellation of museums includes the Guggenheim New York, the Peggy Guggenheim Collection, the Guggenheim Bilbao, and the future Guggenheim Abu Dhabi. A “temple of spirit” where radical art and architecture meet, the Guggenheim New York is among a group of eight Frank Lloyd Wright structures in the United States designated as a UNESCO World Heritage site. To learn more about the Guggenheim New York and the Guggenheim’s activities around the world, visit guggenheim.org.

#LGxGuggenheim
@Guggenheim
@LG

February 24, 2025

For more information and requests:
Guggenheim Press Office
Solomon R. Guggenheim Museum and Foundation
212 423 3840
pressoffice@guggenheim.org

LG PR Team
LG Corp.
+82 2 3773 2171
lgpr@lg.com

STRADVISION Market Intelligence Report: Autonomous Driving, SDV, and Cloud Innovation Reshape the Automotive Industry

SEOUL, South Korea, Feb. 25, 2025 /PRNewswire/ — STRADVISION, a leader in deep learning-based vision perception technology, has released the latest edition of the STRADVISION Market Intelligence Report (February 2025), analyzing key trends shaping the automotive industry following CES 2025.

Alden Kim, Product Manager at STRADVISION and author of the Market Intelligence Report
Alden Kim, Product Manager at STRADVISION and author of the Market Intelligence Report

The report highlights autonomous driving (AD), software-defined vehicles (SDV), and cloud-based solutions as the driving forces behind the industry’s transformation. Notably, innovations in robotaxis, industry-specific autonomous driving applications, and AI-driven autonomous systems are expected to redefine mobility and accelerate automation across various sectors.

AI-Powered Autonomous Driving: Advances in Robotaxis and Industry Applications

Robotaxi Evolution: Enhanced Reliability through Multimodal Sensor Fusion

The robotaxi market is progressing toward greater safety and reliability by integrating multimodal sensor fusion—combining LiDAR, RADAR, and camera technologies—beyond traditional camera-only systems.

Key industry players such as Mobileye, Waymo, and Tesla introduced distinct approaches at CES 2025, including Compound AI System (CAIS) and End-to-End AI (E2E AI) to enhance perception and decision-making capabilities.

As a result, the robotaxi market is expanding beyond North America into Japan, Europe, and Southeast Asia, with cost-effective solutions emerging, particularly in densely populated urban areas and regions with limited public transport infrastructure.

Autonomous Driving Expanding Across Industries

Autonomous driving technology is making inroads beyond passenger vehicles into agriculture, construction, logistics, and airport operations.

Companies such as John Deere, Kubota, and Oshkosh Corporation are leveraging AI-driven automation for tasks that are repetitive or hazardous. AI-based task automation is gaining traction as a key solution to address the global labor shortage while improving efficiency and safety.

The Role of AI in Autonomous Driving Innovation

AI remains at the heart of autonomous driving advancements, with technologies like Generative AI and Vision Transformer (ViT) revolutionizing decision-making.

  • Generative AI integrates multimodal data (images, videos, and natural language) across an autonomous system’s perception, judgment, and control processes, leading to more precise real-time decision-making.
  • ViT-based technology enhances object recognition and environmental awareness, delivering a safer and more intuitive autonomous driving experience.

Software-Defined Vehicles (SDVs): The Next-Generation In-Vehicle Experience

The in-vehicle software ecosystem is shifting from isolated systems to an integrated platform, merging ADAS (Advanced Driver Assistance Systems) and IVI (In-Vehicle Infotainment) for a seamless driving experience.

At CES 2025, BMW and Volkswagen unveiled software-defined vehicle (SDV) solutions, introducing next-gen digital cockpits and customizable interfaces. These innovations leverage hypervisor OS systems that enable ADAS and IVI applications to operate on a single SoC (System-on-Chip), optimizing performance and efficiency.

This SDV evolution transforms vehicles from fixed-function machines into dynamic, upgradable platforms that continuously adapt to user needs.

Cloud-Based Automotive Solutions: Driving AI, Autonomous Vehicles, and SDVs Forward

Cloud technology is becoming a cornerstone of automotive innovation, enabling seamless data transfer between cloud and edge environments while facilitating cloud-based development for AI and autonomous driving.

Companies such as AWS, dSPACE, Intel, and Qualcomm are introducing cloud-powered solutions for SDVs, autonomous vehicles, and AI-based user experiences, reinforcing their partnerships with automakers.

A notable breakthrough is AWS’s Data Transfer Terminal (DT2) technology, which enhances autonomous driving AI training by rapidly transferring data from test vehicles to the cloud, improving system learning and responsiveness.

Cloud advancements will continue to accelerate the adoption of AI-driven autonomous driving and SDV technologies, fostering stronger collaboration between automakers and technology companies.

STRADVISION’s Commitment to Future Mobility

Alden Kim, Product Manager at STRADVISION and author of the Market Intelligence Report, commented:

“CES 2025 reaffirmed the rapid advancements in autonomous driving, particularly in AI-driven Level 3+ systems. STRADVISION is committed to staying at the forefront of this evolution by developing next-generation products that integrate multimodal sensor fusion and high-performance AI algorithms, reinforcing our global competitiveness.”

For more details on the Market Intelligence Report, visit STRADVISION.

About STRADVISION 

Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION’s SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan’s 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX’s AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety.