SHANGRAO, China, March 5, 2025 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it was ranked as the most bankable solar module company in the 2024 PV Module Bankability Survey by Bloomberg New Energy Finance (BloombergNEF). JinkoSolar was the only solar module company to receive a 100% bankability rating in this year’s survey, thanks to its strong financial position, cutting-edge technological innovations, and proven product reliability.
As one of the most trusted research institutions in the renewable energy sector, BloombergNEF’s annual bankability report is a key reference for financial institutions assessing credit risks for solar projects. This year’s survey gathered insights from major industry stakeholders, including global banks, investment funds, independent power producers (IPPs), and technical advisors, evaluating module manufacturers based on market share, reliability, after-sales service, project execution, and financial stability.
By the end of 2024, JinkoSolar’s total module shipments surpassed 300GW, with Tiger Neo series modules alone exceeding 140GW in cumulative shipments, serving customers across nearly 200 countries and regions. The latest Tiger Neo 3.0 series, built on industry-leading N-type TOPCon technology, delivers power ratings exceeding 670W, with a maximum module efficiency of 24.8% and bifaciality reaching up to 85%. The high bifaciality alone can contribute to an approximate 3.38% increase in overall power generation, with even greater gains in high-reflectivity environments. Beyond higher energy yield, the enhanced bifaciality also improves project economics, reducing the Levelized Cost of Electricity (LCOE) by 3.14%, ensuring greater financial benefits for solar investments while delivering safe, efficient, and cost-effective clean energy solutions worldwide.
“The results of this survey underscore how JinkoSolar leads the industry as the preferred solar partner for financial institutions and the top choice for project developers,” commented Ms. Dany Qian, Vice President of JinkoSolar. “Looking ahead, JinkoSolar will continue to invest heavily in R&D, with N-type technology as its foundation while driving collaborative innovation in integrated “solar + storage” solutions. JinkoSolar aims to accelerate the global transition to sustainable energy with the most competitive green energy products available. “
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024.
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
In China: Ms. Stella Wang JinkoSolar Holding Co., Ltd. Tel: +86 21-5180-8777 ext.7806 Email: pr@jinkosolar.com
JAKARTA, Indonesia, March 5, 2025 /PRNewswire/ — Indonesia is rapidly becoming a key player in the global beauty industry, offering expansive opportunities for product innovation and consumer engagement. With over 270 million people—more than half under 30— it represents a vibrant and youthful market ready to embrace new beauty trends.
Value-driven consumers
Indonesian consumers are increasingly discerning when it comes to beauty purchases. Mintel Global Consumer research reveals that 91% of women compare products to find the best deal, while 84% frequently buy discounted beauty products – demonstrating a strong preference for value without compromising on quality. Digital engagement is also shaping purchasing behavior, with 21% of women aged 18-34 interacting with beauty content online in the three months leading to September 2024.
Chinese Beauty Brands Gaining Ground
Chinese beauty brands have a strong presence in Indonesia’s e-commerce space, with around 100 SKUs available on Sociolla and Watsons’ local online store. According to Mintel, these brands resonate with Indonesian consumers by focusing on hero ingredients, ingredient-led messaging, and innovative marketing strategies. To further strengthen their appeal, these brands are aligning with local beauty preferences at accessible price points.
Innovation Fuels Market Growth
New product development in color cosmetics is increasingly driven by beauty-enhancing and functional claims, which accounted for 77% and 76% of launches in 2024, respectively, according to Mintel Global New Products Database (GNPD). This trend reflects growing consumer demand for transparency, safety, and efficacy in beauty products.
Korean-inspired skincare also continues to gain traction, driven by the Hallyu wave. Innovations focusing on skin-gut harmony and the integration of aesthetic treatments with skincare (such as microneedling and regenerative ingredients like PDRN) can resonate with consumers seeking advanced solutions. This presents an opportunity for brands to explore new formulations that cater to these evolving preferences.
Sensitive Skin: A Rising Focus
The sensitive skin market is emerging as a promising segment. Mintel GNPD data shows a rise in “suitable-for” claims from 34% in 2022 to 43% in 2024, while products featuring the word “sensitive” or a variant in their description grew from 30% to 38% over the same period.
According to Mintel, brands have the opportunity to develop products focusing on multidimensional barrier support and microbiome balance. This aligns with the broader trend of consumers prioritizing skincare that addresses specific needs and sensitivities. Younger consumers, in particular, are driving this shift—89% of Indonesian women aged 18-24 express interest in beauty products specifically designed for their age.
As Indonesia’s beauty market expands, brands that successfully balance affordability, efficacy, and local relevance will be well-positioned to thrive. The intersection of consumer demand for value and innovation offers opportunities for growth in the years ahead.
Powerful, efficient performance through multiple motor configurations and a long-range battery for up to 620 km WLTP-estimated range
Exceptional cold-weather performance with an advanced HVAC system, heat pump technology and climate pre-conditioning to enhance efficiency and cabin comfort
Optimized chassis technology and calibration offers an impressive combination of body control, secure handling, and refined comfort
ANC-R tech, acoustic glass, and noise-reducing tires deliver luxury refinement; premium 14-speaker BOSE stereo offers an exceptional audio experience
SEOUL, South Korea, March 5, 2025 /PRNewswire/ — With a sleek, premium design and a spacious, high-quality cabin, IONIQ 9 offers strong range and class-leading charging.
Hyundai IONIQ 9: Game-changing Electric SUV Offers Long Range, Next-level Comfort, Features and Capabilities
Maximizing comfort and convenience with innovative utilization of interior space
IONIQ 9’s interior features a lounge-like atmosphere with elliptical design elements, calming tones, and natural light from the Panoramic Sunroof. Spacious second- and third-row seating ensures exceptional comfort.
In select markets, innovative Swiveling Seats in the second row let passengers face each other when parked. The slidable Universal Island 2.0 console improves accessibility with a walk-through front row and bidirectional armrests, offering up to 18.2 liters of flexible storage.
Generous cargo capacity boosts usability, with up to 1,323 liters available when the third row is folded and 620 liters with all rows in place. The front trunk provides additional storage — 88 liters in RWD models and 52 liters in AWD models — perfect for charging cables and essentials.
Providing optimal comfort and energy conservation with an advanced HVAC system
IONIQ 9’s advanced HVAC system ensures exceptional efficiency even in extreme cold. A heat pump recycles waste heat, maintaining cabin warmth without draining the battery, while a pre-conditioning system lets drivers warm the cabin remotely for added comfort and energy optimization.
It maintains an optimal 22°C interior temperature with minimal energy use. It can travel over 400 km even at -7°C (19.4°F), as certified by Korea’s Ministry of Environment. A rear-row HVAC setup operates independently, allowing deactivation when rear seats are unoccupied to conserve energy.
Advanced performance, long range and rapid charging capabilities
E-GMP maximizes range, interior space and safety. Its 110.3 kWh NCM lithium-ion battery powers multiple variants: a 160 kW rear motor in the Long-Range RWD, a 70 kW front motor in the Long-Range AWD, and dual 160 kW motors in the Performance AWD. Acceleration ranges from 0-100 km/h in just 5.2 seconds for the Performance AWD to 9.4 seconds for the Long-Range RWD.
The Long-Range RWD model achieves a WLTP-estimated 620 km range with low 194 Wh/km energy consumption, aided by a 0.259 Cd drag coefficient. Aerodynamic enhancements include a 3D-shaped underbody cover, optimized wheels and hidden antennas. A dual-motion active air flap system improves airflow by opening only when needed, reducing resistance for greater efficiency.
Luxurious and revised driving experience
IONIQ 9 delivers a refined, luxurious ride with a suspension system tailored for electric SUVs. Its MacPherson multi-link front and multi-link rear setup, self-leveling dampers, and hydro-bushing ensure smooth, comfortable travel.
Confident handling meets stability, with precise yet light steering, minimal body roll, and progressive acceleration that balances strong initial boost with relaxed high-speed performance. The Chassis Domain Control Unit enhances dynamics with dynamic torque vectoring and lateral wind stability, while AI-powered Auto Terrain Mode adapts to different surfaces for optimal traction.
Inside, triple door seals, acoustic glass, sound-absorbing tires, and Active Noise Control-Road (ANC-R) create a serene cabin, minimizing wind and road noise. The paddle-shifter regenerative braking system adds an engaging touch for drivers.
BARCELONA, Spain, March 5, 2025 /PRNewswire/ — Fibocom (Stock code:300638), a global leading provider of AIoT solutions and wireless communication modules, announced that its smart lawn mower solution, provided to Suntek, a subsidiary of Yotrio Group, has reached a milestone of over 10K+ units in mass production. This solution addresses the growing demand for smart garden upgrades across Europe and other markets, accelerating the widespread adoption of wire-free smart lawn mowing technology.
Fibocom’s solution overcomes traditional lawn mowers’ reliance on buried boundary wires, reducing costs and improving flexibility. By leveraging machine vision and AI algorithms, the solution delivers several key breakthroughs. It employs an RGB camera integrated with advanced machine vision algorithms for autonomous mapping, allowing the mower to identify boundaries, create precise maps, and follow edges while autonomously charging. The solution also includes static obstacle and dynamic pet detection. The integrated hardware and software, including the control board, algorithm board, and electric drive board, along with SDKs for path planning and energy management, streamlines development and reduces both deployment time and costs.
With key features such as wire-free deployment, visual recognition, and autonomous decision-making, Suntek’s smart lawn mower is poised to enter the top three retail chains in Europe, with a simultaneous launch across multiple countries. This will accelerate the commercial rollout of smart lawn mowers. Fibocom and Suntek will continue the collaboration, to unveil flagship models that incorporate binocular VIO & RTK fusion positioning, breakpoint resumption, and large-area regulation capabilities, further expanding the smart garden market.
Lin Li, General Manager of Suntek, said:
“We are delighted to collaborate with Fibocom and successfully complete the entire process from solution customization to mass production in a short timeframe. The visual algorithm and semantic mapping technology, in particular, have been key in helping our product gain recognition in international markets. We look forward to continuing our partnership and delivering more intelligent solutions for smart gardens.”
“Fibocom’s smart lawn mower solution combines data, computing power, and advanced algorithms into a unified AI platform. It leverages a dataset of over 200,000 images for screening, cleaning, and labeling, supported by a powerful chip platform. The solution integrates perception, positioning, and regulatory control algorithms.” Lucas Zhang, General Manager of Fibocom’s AIC Product Management Department, added “Fibocom and Suntek will continue to introduce innovative solutions, driving AI advancements in smart garden applications.”
BARCELONA, Spain, March 5, 2025 /PRNewswire/ — At the Product & Solution Launch during MWC Barcelona 2025, He Bo, President of Huawei Data Center Facility & Critical Power Product Line, unveiled the next-generation site power facility architecture “Single SitePower” and the AI data center construction guideline RASTM, helping operators thrive as energy prosumers and build better ICT facilities in the new era of AI.
He Bo, President of Huawei Data Center Facility & Critical Power Product Line
“The rise of network architectures centered on data centers in the intelligent era is driving higher demands for digital and intelligent energy.” According to He Bo, Huawei Digital Power is making continuous innovations in architectures and solutions to help operators thrive as energy prosumers.
Single SitePower: Next-Generation Intelligent Architecture for Site Power Facilities
Single SitePower is a next-generation intelligent solution architecture for site power facilities. It adopts a unique three-level synergy mechanism covering site power facilities, wireless networks, and power grids to implement bidirectional interaction of power and information flows in the end-to-end process from the power source, grid, and load to storage. The architecture supports full-link sensing, visualization, and management, improving site energy efficiency (SEE) and power availability (PAV) while reducing the network carbon intensity energy (NCIe). The architecture offers three distinct features:
Resilient: Huawei integrates wireless networks and site power facility networks to implement grid-source synergy, source-storage synergy, and storage-load synergy, and build resilient facilities throughout the process.
Green: Cutting-edge technologies such as high-voltage series connection, optimizers, intelligent algorithms, and arc fault circuit interrupters (AFCIs), and rapid shutdown devices (RSDs) can be used to build green sites and accelerate the value monetization of green energy.
Reliable: Huawei believes that high-quality and safe lithium batteries should be the top consideration to ensure reliable communication.
RASTM: AI Data Center Construction Guideline
From general-purpose computing to AI computing, data centers need to resolve four major challenges: reliability, uncertainty, rapid delivery, and high power demand. Through joint innovation with global customers, Huawei proposes the AI data center construction guideline RASTM:
Reliable: As the value of AI facilities increases sharply, reliability becomes a major challenge. AI data centers should adopt an enhanced architecture, products, intelligent management, and professional services to ensure reliability throughout their lifecycle.
Agile: AI data centers should be agile and adopt modular design and electromechanical decoupling to flexibly address uncertain requirements and enable rapid delivery.
Sustainable: Power supply efficiency will be a major concern for data centers. The focus of energy efficiency improvement will shift from the efficiency of individual equipment to the efficiency of a parallel system, and then to the large-scale application of the super economic control operation (S-ECO) mode.
“We advocate the concept of Power for AI & AI for Power and will invest continuously in technological innovation to promote the deeper integration of digital, intelligent, and low-carbon technologies, and build resilient, green, and reliable ICT facilities, helping operators transform from energy consumers to prosumers,” said He Bo.
MWC Barcelona 2025 is held from March 3 to March 6 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1. In 2025, commercial 5G-Advanced deployment will accelerate, and AI will help carriers reshape business, infrastructure, and O&M. Huawei is actively working with carriers and partners around the world to accelerate the transition towards an intelligent world.
BANGKOK, THAILAND – Media OutReach Newswire – 5 March 2025 – vivo is boldly integrating art, technology, and social responsibility to redefine mobile photography and inspire creators. As part of its commitment to user-inspired innovation, vivo invited seven visionary photographers from different backgrounds to explore love’s boundless forms with the vivo V50. Their breathtaking results can be seen at the vivo VLOVE Portrait Gallery at Central World Bangkok from February 27 to March 2. Inspired by the Italian word “Ancora” — once again — the vivo VLOVE Portrait Gallery invites visitors to capture their passion – take another shot, and rediscover love.
Together with its partners VOGUE and UNESCO, vivo is sharing its love for innovation and imagery through a series of events in Thailand that invite society to experience photography’s power to share love. The events include an immersive vivo VLOVE Portrait Gallery, a portrait sharing session, and an initiative to empower young people through visual storytelling.
“Imaging stands at the intersection of technology and humanity,” says Duanmu Xueying from the vivo Imaging Team. “We believe that photography is not merely a product of technology – it is a vessel for emotion.”
In the hands of seven professional photographers, the newly launched vivo V50, featuring ZEISS Professional Portrait capabilities and Natural Color Calibration pushes the boundaries of artistic expression while ensuring the precise reproduction of what the human eye sees.
A Stylish “Meet Your Love” Experience with VOGUE
Technology meets fashion, as vivo partners with VOGUE, one of the world’s most influential fashion magazines, to create the immersive VLOVE Portrait Gallery. Here, fashion and photography enthusiasts alike can create their own stylish social media moments while experiencing profound images from seven visionary photographers from around the world who used the vivo V50 and its state-of-the-art ZEISS Professional Portrait capabilities to create works that express their vision of the theme “Meet Your Love”, immersed in a space where fashion, technology, and creativity meet. This partnership with VOGUE underscores vivo’s commitment to redefining mobile imagery and its role as a pioneer in the fusion of technology and high fashion stylish aesthetic design.
vivo VLOVE Portrait Gallery Showcases Stunning Portraits by Southeast Asian Artists
The VLOVE Portrait Gallery, now open, showcases captivating photographic works exploring love’s multifaceted nature through visual storytelling via the vivo V50 and its ZEISS capabilities. With perspectives from ZEISS photographers like Gabriel Santos and Urasha Jakkachaphol, global artist Jimmy Marble, and emerging local talents, it’s a curated exploration of human connection. Each photo captures fleeting expressions and untold stories, turning moments into visual poems. Acclaimed artist Jimmy Marble, known for his vibrant colors, irreverent aesthetics, and more, adds a personal touch, exploring self – love and identity. His vision, “Self – expression has always been how I show myself love,” encapsulates the gallery’s spirit, where each artist uniquely captures love’s dimensions.
Renowned International Artist Jimmy Marble’s Portrait Artworks by vivo V50
Portraits of Love with the vivo V50
As part of the officially opening of the vivo VLOVE Portrait Gallery, vivo hosted a special session with five of the photographers and asked them to share how they push the boundaries of imaging technology through mobile photography. They also detailed their creative process for capturing love with the ZEISS Professional Portrait capabilities of the vivo V50.
“My focus is on capturing portraits that feel authentic – images that go beyond aesthetics and reveal the soul of the subject,” explained Urasha Jakkachaphol, who is from Thailand. “Whether it’s the intensity in someone’s gaze, the vulnerability in their posture, or the power of body language, my goal is to create images that make people feel something real.”
The technical precision of the vivo V50 let Urasha use light, depth of field, and perspective to create her portraits expressing “The Presence of Love”. “Through intimate portraiture, this series captures the subtle beauty of connection: the tenderness of a couple’s gaze, the peace of self-reflection, and the warmth of vulnerability,” she says. “I’m passionate about natural light photography, so I need a camera that doesn’t compromise on image quality under any lighting conditions. The collaboration between vivo V50 and ZEISS allowed me to shoot spontaneously, intuitively, and authentically. Whether it’s the soft morning light or intense midday sun, it captures it all perfectly. Urasha’s favorite feature is the ZEISS Multi-Focus Portrait mode. “It creates depth and separation, with the subject sharp and the background smoothly fading out, making portraits more intimate,” she says. “Coupled with its rapid autofocus, I never miss those fleeting, vivid expressions.
William Seng used the vivo V50 to capture loving moments he observed in Malaysia’s urban cityscape. “I wanted to capture selfless love, a love that asks for nothing in return, and a love for one’s passion,” he says. He noted that convenience is one of the advantages of mobile photography. “The V50 is always in my pocket and delivers amazing quality,” he says. “For me, the 50mm portrait lens on the V50 is the most powerful. Capturing instant portraits on the street is quite challenging. With the 50mm, I don’t have to get too close to the subject to capture a portrait, which is helpful. The sharpness of the portraits is impressive, and the details captured by the V50 amazed me.”
Capturing the connection between the subjects in a portrait is paramount for Gabriel Santos of Spain. “If you can make that connection not only visually stunning but also authentic, then you have created a mesmerizing portrait,” he says. “vivo and ZEISS have done an outstanding job with this phone. Even in low light, it produces excellent portraits. You can slightly underexpose to create more contrast and capture more intimate moments or overexpose in darkness to reduce contrast. The phone is equipped with three primary portrait lenses: 24mm, 35mm, and 50 mm, each suitable for different shooting scenarios.”
“Mobile photography is more flexible and spontaneous compared to traditional cameras,” says Aung Kyaw Tun. “It allows me to capture natural moments without making my subjects feel self-conscious.”
“A portrait becomes captivating when it tells a story and evokes emotions,” he says. “When viewers can feel the subject’s emotions and relate to their story, it leaves a lasting impression.”
For the VLOVE exhibition, Aung focused on capturing the unique connection between twins – a bond he says surpasses physical, emotional, and mental barriers. And he was especially impressed with the V50’s Aura Light’s ability to help render natural skin tones, especially the brown skin tones common in Myanmar, where he lives in Yangon.
“I particularly love the sharpness, texture, and natural feel of the ZEISS lenses, which enable me to achieve more layered visual effects with the phone,” says Tienjen Huang of Taiwan. “During the shoot, I paid special attention to how the light and composition tell the story.”
“For me, photography is not only a technique, but also a way of perceiving the world. It allows me to connect with the subject and record those fleeting real emotions through images,” Huang added.
vivo Collaborated Photographers Share Insights on Portrait Photography
vivo and UNESCO “Capture the Future”
Besides empowering professional photographers, vivo also supports developing young people to explore the world through mobile imagery. Through its partnership with UNESCO and the Beijing Contemporary Art Foundation (BCAF) it has established the “Asian Youth Film Fund” which is supporting the “Capture the Future” initiative in Thailand. Middle school and university students will be given access to advanced mobile imaging equipment to produce short films that explore how science and technology shape society, and their visions for the future. A panel of professional judges will select the winners, and the top entries will have the opportunity to be screened at prominent Asian film festivals. The students will also have further opportunities for in-depth exchanges with expert filmmakers and photographers to explore topics related to filmmaking, photography, and videography.
Ribbon-Cutting Ceremony: vivo and UNESCO and BCAF Launch “Capture the Future” Programme
Encouraging a New Generation to Push the Boundaries of Artistic Expression
The “Capture the Future” initiative is part of vivo’s efforts to create opportunities for nurturing a new generation of creators with a strong sense of humanistic values and storytelling ability. These efforts align with vivo’s philosophy of “Beyond What You See, Unveil What the World could Be”.
“This is a big step forward in vivo’s mission to support young creators and give them a platform to showcase their talents and tell stories that truly matter,” said vivo spokesperson Pattara The program is designed to inspire creativity through imaging technology and encourage young people to engage with pressing societal issues and drive positive change through the power of visual storytelling.
As an innovation leader, vivo has a vision to empower every individual with the tools and technologies to create and express themselves. And vivo has made significant strides in advancing smartphone photography, both through continuous innovation and corporate social responsibility initiatives centered around photography or videography. These efforts have created opportunities for the exchange of visual cultures and the nurturing of a new generation of creators with a strong sense of humanistic values and storytelling ability.
The issuer is solely responsible for the content of this announcement.
About vivo
vivo is a technology company that creates great products based on a design-driven value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life. Following the company’s core values, which include Benfen*, user-orientation, design-driven value, continuous learning, and team spirit, vivo has implemented a sustainable development strategy with the vision of developing into a healthier, more sustainable world-class corporation.
While bringing together and developing the best local talents to deliver excellence, vivo is supported by a network of R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Xi’an and more cities, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, imaging system and other up-and-coming technologies. vivo has also set up an intelligent manufacturing network (including those authorized by vivo), with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 60 countries and regions and is loved by more than 500 million users worldwide.
*”Benfen” is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to create value for society.
Southeast Asia market share climbed to 28.6%, China parcel volume growth outpaced industry
HONG KONG, March 5, 2025 /PRNewswire/ — J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519), a global logistics service provider, announced its Annual Results 2024 (“2024” or “the Period”). J&T’s full-year revenue reached US$10.26 billion, representing a year-over-year (“YoY”) increase of 15.9%. In 2024, J&T’s total parcel volume increased by 31% YoY to 24.65 billion. Revenue from its core business express delivery services was US$9.98 billion, a YoY increase of 23.4%.
During the period, all of J&T’s profit metrics turned positive, showing a positive turnaround. Net profit reached US$110 million, a significant improvement compared to the US$1.16 billion loss in 2023. Adjusted net profit amounted to approximately US$200 million, exceeding market expectations. Adjusted EBITDA reached US$780 million, soaring 430.5%. Adjusted EBIT turned positive, reaching US$300 million, reflecting the Company’s steadily improving profitability and its healthy, sustainable trajectory.
In 2024, the adjusted EBIT of all operating regions achieved significant growth or improvement. In China, the adjusted EBIT turned positive for the first time, reaching US$150 million, compared to an adjusted EBIT loss of US$240 million in 2023. In Southeast Asia (“SEA”), the adjusted EBIT increased by 48.9% YoY to US$300 million. In newer markets such as Saudi Arabia and UAE (“New Markets”), the adjusted EBIT loss was US$76.465 million, a significant narrowing compared to the US$110 million loss in 2023.
Dylan Tey, Chief Financial Officer of J&T Express, commented: “In 2024, J&T’s revenue in all operating regions continued to achieve double-digit growth, primarily benefiting from the deepening of our cooperation with e-commerce platforms in various regions, as well as the active expansion of diversified brand partners. We have maintained our leading position in SEA, with encouraging revenue and profitability maintaining steady and sustainable growth. We believe that the Company’s first-mover advantages and high-quality services in SEA can further enhance our market share in the region. During the period, the China business continued to benefit from economies of scale and optimized operating efficiency, and local operating experience will empower other markets, bringing positive effects to the Company’s business around the world.”
Maintaining a lead in SEA for five consecutive years with market share jumping to 28.6%
J&T continued to achieve growth and steady profitability improvements in SEA in 2024. The Company’s parcel volume in the region reached 4.56 billion, an increase of 40.8% YoY. J&T’s market share in SEA increased by 3.2 percentage points from 2023 to 28.6%, further consolidating its leading position and competitive advantages in the market. In SEA, J&T has firmly maintained its position as an independent e-commerce enabler, integrating parcels from all e-commerce platforms while actively expanding non-platform parcels. Through economies of scale and replication of China’s express delivery experience, the cost per parcel decreased by approximately 14.9% YoY during the period, enabling the Company’s business to maintain a steady and sustainable level of profitability.
J&T’s revenue in the SEA market increased by 22.3% YoY to US$3.22 billion in 2024. Adjusted EBITDA reached US$460 million, an increase of 21.3% YoY. Adjusted EBIT reached US$300 million, with a growth rate of 48.9% YoY.
China business achieved full-year profitability for the first time; parcel volume growth leads the industry
J&T’s business scale and market share in China steadily improved. The Company’s parcel volume in China increased by 29.1% YoY to 19.8 billion in 2024. During the period, market share in China increased to 11.3%. The Company’s parcel volume and market share in China continued to grow, mainly due to deepened cooperation with existing e-commerce platforms, coupled with improved service quality and enhanced brand image. Together, these factors enhanced the Company’s overall client sourcing capabilities.
J&T’s revenue in China reached US$6.39 billion in 2024, an increase of approximately 22.2% YoY. Adjusted EBITDA was US$430 million, and adjusted EBIT turned profitable, recording approximately US$150 million, primarily due to a significant decrease in the cost per parcel. During the period, the Company’s cost per parcel in China decreased by approximately 11.8% to US$0.30.
New Markets seized growth opportunities in the e-commerce market; number of high-quality non-platform customers continued to rise
Benefiting from the active entry of cross-border e-commerce into New Markets, J&T’s parcel volume in the region maintained rapid growth, with parcel volume increasing by approximately 22.1% to 280 million. The Company continued to invest in building local express delivery networks to improve the pickup and delivery capabilities. In New Markets, the Company maintained close partnerships with international cross-border e-commerce platforms such as Shein, Temu and TikTok, and deepened cooperation with local indigenous e-commerce platforms, such as Noon in the Middle East and Salla in Saudi Arabia, partially offsetting the adverse effects of changes in cross-border policies in the New Markets.
In 2024, J&T’s New Markets revenue reached US$580 million, an increase of 76.1% YoY, which mainly benefited from the group’s high parcel volume growth in the region, as well as the continuously improving network carrying capacity. The Company continued to seize e-commerce growth opportunities in New Markets, while vigorously developing non-e-commerce platforms for individual parcels.
Long-term investment in automated sorting equipment upgrades; actively exploring AI to improve delivery efficiency
J&T continued to implement refined management in the areas of pickup, sorting, transportation and dispatching to improve operational efficiency, and continuously selectively expanded self-built sorting centers in various regions. As of 31 December 2024, the Company had approximately 19,100 outlets worldwide while operating 238 sorting centers and more than 11,900 line-haul vehicles, including over 6,600 that were self-owned.
The Company continued to invest in automated equipment in various regions. As of 31 December 2024, there were 51, 226, and 2 sets of automated sorting equipment for sorting centers in SEA, China, and the New Markets, respectively, with an increase of 16, 27, and 2 sets compared to 2023.
Currently, J&T provides the Dynamic Digital Mapping (AOI, Area of Interest) functions for outlets, dynamically aggregating regional addresses to optimize pickup and delivery routes, identify exceptions, parcel volume and customer analysis, to help improving the efficiency of pickup and delivery at outlets. At the same time, the Company has developed an intelligent planning tool that can synthesize core information such as parcel volume, time efficiency, number of vehicles and vehicle types, providing network staff in China with the shortest distance and most cost-effective delivery routes, and it will be gradually promoted to other countries in the future.
Charles Hou, Group Vice President of J&T Express, stated: “J&T has achieved brilliant results in 2024 by virtue of the huge logistics network built in various regions, reliable services, the advanced experience and cost control capabilities acquired in China, and close partnerships with e-commerce platforms in various markets. We uphold our position as a neutral logistics service provider, and actively establish diversified cooperation with the platforms, continuously improving information technology and intelligence capabilities, while optimizing service processes through our self-developed technology platform to empower global operations. Looking forward to the future, J&T will continue to increase investment in research and development, providing more convenient, efficient and intelligent services to meet customers’ demand for high-quality express delivery services.”
About J&T Express J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all. In August 2024, J&T Express was included in the Hang Seng China Enterprises Index, and in February 2025, it was included in the MSCI China Index.
DUBAI, UAE, March 5, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of the Bybit Learn Community, an innovative and interactive virtual space designed for crypto strategists and enthusiasts to learn, share, and grow while climbing the leaderboard for a chance to share in a weekly prize pool.
As an extension of Bybit Learn, this community will function as an inclusive and dynamic knowledge hub designed to empower individuals at all levels of experience, with the diverse insights needed to navigate the evolving world of cryptocurrency trading and blockchain technology. It fosters collaboration among traders, investors, industry leaders, and strategists, providing a space for meaningful discussions and knowledge sharing. Access is free for registered Bybit users.
Highlights
Weekly Rewards: Participants can earn points by engaging with content and sharing valuable insights. A total of 2,500 USDT will be distributed weekly among the top contributors in the leaderboard.
Collaborate & Connect: The community facilitates the exchange of ideas among like-minded traders, learners, and experts within the crypto space.
Shape the Future of Crypto Education: Contributors can play a vital role in creating an educational ecosystem that enhances accessibility to crypto knowledge for all.
How to Participate To participate in the Bybit Learn Community, users may simply sign up or log in to Bybit Learn and navigate to the community section. Here, they can create and share insightful content, guides, or analyses. Once the content is submitted for review, it will be published upon approval, allowing the author to earn rewards for your contributions.
Bybit Learn Community Goes Live to Facilitate Interactive Knowledge Sharing
Sharing knowledge and staying informed about the latest developments in cryptocurrency benefit crypto users looking to upskill and keep up with the fast-moving industry. By exchanging insights and experiences, traders, researchers, and crypto fans can collectively enrich the crypto landscape and help each other make better-informed decisions. A collaborative environment not only strengthens individual skills but also contributes to a more resilient and knowledgeable community overall.
The Bybit Learn Community offers an excellent starting point for both crypto novices and seasoned traders and analysts, where they can contribute, share, and grow as a community. For more information, users may visit the Bybit Learn Community.
#Bybit / #TheCryptoArk / #BybitLearn
About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.