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Happy Spring Festival! Here are all the ways you can celebrate!

BEIJING, Jan. 27, 2025 /PRNewswire/ — A news report from China.org.cn on Spring Festival:

How do the Chinese celebrate the Spring Festival? If your knowledge is limited to “eating dumplings”, “hanging spring couplets” or “receiving red envelopes,” you may want to watch on.


Happy Spring Festival! Here are all the ways you can celebrate!

The Spring Festival is the most significant traditional festivity in China, while also being a prominent cultural symbol for China’s 56 ethnic groups. When people celebrate the Spring Festival, bidding farewell to the old and saying hello to the new, vivid characteristics of their ethnic groups are often showcased in their celebrations. But if we trace these customs to their original inspirations, we can see that many of them bear similar significance.

For example, during the Spring Festival, people of many ethnic groups will choose to eat a specific food, which reflects their wishes for the coming year. The She and Miao people, to start with, will make ciba, a Chinese-style cake made from glutinous rice, as a wish that the year ahead will be just as sweet and pleasant as the dessert’s flavor. And there’s also the fish. Like the Han people, fish is also a must-have dish for numerous households of Dong and Manchu ethnic groups, since “fish” shares the same pronunciation as the word for “surplus,” symbolizing good wishes for a year of wealth.

The customs of many ethnic groups also reflect common worship and respect for nature. For example, people of multiple ethnic groups including Bouyei and Nu, regard the first bucket of water they fetch after the new year rings in to be pure and auspicious; for the Zhuang ethnic group, people usually keep a “new year’s fire” burning throughout the night; while for some Yi people who live in Yunnan province, pine is worshipped, with local inhabitants putting up pine branches in their yards and laying pine leaves on the floor, to pray for tranquillity, harmony and auspiciousness.

At the time of the Spring Festival, not only do families get together, but people of various ethnic groups also engage in all kinds of entertainment, including singing and dancing, competitions of various forms, etc.

In recent years, many regions where multiple ethnic groups inhabit have begun to host more inclusive celebrations, as well as shows where performers from different ethnic groups can present their customs to a larger audience. The unique cultures and traditions of the 56 ethnic groups, have pooled more recognition and aroused more resonance through the common bond of the Spring Festival.

Last month, the Spring Festival was inscribed on the Representative List of the Intangible Cultural Heritage of Humanity by UNESCO, another milestone after it became a UN holiday in 2023. Although the festival originated in China, it has gone global and has almost immersed itself in the social and cultural fabrics of many countries. Countries like Vietnam and South Korea have listed the Spring Festival as a public holiday, and Panama has announced it to be a national holiday.

For quite some years, famous landmarks have put on their “special costumes” for the Spring Festival with festive vibes being very tangible across many cities outside China. For many friends from other countries, the Spring Festival is no longer a vague term, but has been concretized via themes like the customs and the Chinese zodiac animals.

What’s more, in the Spring Festival celebration events, we saw Hungarian folk dance and traditional Chinese dance performing on the same stage; Czech folk songs were played by musicians from both China and the Czech Republic in a Spring Festival concert in Prague… Thanks to the Spring Festival, the world gets to know China better, and vice versa. With the festival as a conduit, cultures and civilizations are seeing beyond “differences”, and realizing more exchanges and integration.

After all these examples, it’s not hard to see how the Spring Festival spells “diverse” in its DNA. Such diversity strikes a perfect balance with the unity and solidarity shown by China’s ethnic groups, as well as with the harmony and inclusiveness of Chinese culture in the kaleidoscope of global civilizations.

Happy Spring Festival! May you enjoy a year of harmony and prosperity, happiness and peace!

China Mosaic
http://www.china.org.cn/video/node_7230027.htm
Happy Spring Festival! Here are all the ways you can celebrate!
http://www.china.org.cn/video/2025-01/26/content_117687265.htm 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR JANUARY 27th

NEW YORK, Jan. 27, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR JANUARY 27th

Kristen Scholer delivers the pre-market update on January 27th

  • S&P 500 aims for third straight week of gains
  • Investors anticipate the Fed’s first meeting of 2025, expecting unchanged rates
  • Apple, Meta, Microsoft, and Tesla to announce Q4 earnings results

Watch NYSE TV Live every weekday 9:00-10:00am ET 

 

Gorilla Technology and Royal Thai Tourist Police Advance Thailand’s AI Tourism Safety Initiative

Bangkok, Thailand – Newsfile Corp. – January 27, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), announced, that they are now advancing to the design and development phase. This next step involves implementing advanced customisation and integration solutions that will transform Thailand into Southeast Asia’s hub for AI-powered tourism safety.


To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/238519_ac175d6f8436e839_001full.jpg

Mike Wang, Sales Director, Thailand and Rest of Asia, commented “Thailand is leading Southeast Asia’s AI transformation and this initiative is a clear testament to the country’s forward-thinking approach. By integrating global data-sharing capabilities with our AI systems, we are ensuring that Thailand’s tourism safety framework sets a benchmark not just regionally but globally.

The demand for our solutions is accelerating across Southeast Asia, with a pipeline of opportunities exceeding $1 Billion in Thailand alone. We are actively forming partnerships that will deliver significant value and drive innovation across the region. Over the next year, we also plan to scale operations in Thailand, hiring over 100 new team members to support these growing opportunities.”

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/238519_ac175d6f8436e839_002full.jpg

Viraphan Paiboolsilp, Technology Specialist, said, “The design and development phase is critical for embedding advanced technical capabilities into Thailand’s tourism safety framework. Our IVAR systems are being enhanced to process vast number of live video feeds daily, integrating real-time analytics with global databases to ensure proactive threat identification and response.

Key advancements include:

  • Seamless Global Integration: Connecting with international databases for facial recognition, wanted persons, and licence plate tracking to bolster cross-border security.
  • Smart Resource Management: Leveraging heat mapping and crowd density analysis to optimise manpower, reducing response times by 30%.
  • AI Accuracy at Scale: Achieving 98% accuracy in threat detection through enhanced algorithm optimisation.

With strong support from the British government, we are fostering relationships with key local players, positioning Gorilla Technology to bid on high value projects. This marks a significant step forward in Thailand’s AI leadership journey.”

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/238519_ac175d6f8436e839_003full.jpg

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about our ability to execute definitive agreements related to this smart education project, attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

Bloomage Joins the United Nations Global Compact

PARSIPPANY, N.J., Jan. 27, 2025 /PRNewswire/ — Bloomage, a global leader in hyaluronic acid and other bioactive innovations, officially joined the United Nations Global Compact (UNGC). This commitment further reflects Bloomage’s on-going efforts in global sustainable development.


About the United Nations Global Compact

The UNGC is the world’s largest sustainable economy initiative under the United Nations Secretariat. Since its establishment in 2000, it has united over 25,000 companies and stakeholders from nearly 170 countries. All participants pledge to uphold the Global Compact’s ten principles covering human rights, labor standards, the environment, anti-corruption, and other critical criteria.

Bloomage adheres to international ESG standards

As a global leader in bioactive innovations, Bloomage operates in over 70 countries and regions. Leveraging its exceptional R&D capabilities, the company provides safe, effective, and compliant ingredients for life and health. In tandem with its rapid product development, Bloomage integrates robust environmental, sustainability, and corporate governance (ESG) principles into all areas of its operations. Among its many achievements, the company follows the guidelines of internationally recognized frameworks, such as the GRI Standards by the Global Reporting Initiative (GRI) and the International Integrated Reporting Framework by the International Integrated Reporting Council (IIRC).

Zhao Yan, Bloomage Chairperson and CEO, said: “To become a world-class company, global engagement is essential. ESG serves not just as a framework for communication with stakeholders but as a key to unlocking global opportunities. By following international ESG standards, Bloomage ensures sustainable, steady, and responsible growth.”

Bloomage’s recent milestones in ESG

2019 to 2023: Consistently published annual Social Responsibility Report
2023: Established its systematic and standardized ESG management system for sustainable growth.

  • April 2024: Bloomage released its first Sustainability Report to quantify the impact of its ESG initiatives for greater transparency.
  • May 2024: Bloomage signed the Women’s Empowerment Principles (WEPs) by UN Women.
  • August 2024: Bloomage received the EcoVadis Bronze Medal, placing it in the top 28 percent of evaluated companies globally.

Bloomage will adhere to the ten principles of the Global Compact and further strengthen its relationships with global partners to advance the sustainable development agenda, contributing to a fairer and more sustainable world.

About Bloomage

Since its founding in 2000, Bloomage has grown into a leading international company specializing in the research, development, production, and sale of hyaluronic acid and other bioactive substances for the pharmaceutical, cosmetic and functional foods industries. Bloomage’s commitment to quality, innovation, and sustainable innovations have established the company as a trusted name for some of the world’s most renowned brands. It now serves more than 4,000 customers in over 70 countries.

Media Contact
Cecilia Qian
cecilia@impact5r.com 

Lichen China Limited Announces Receipt of Notification from Nasdaq

XIAMEN, China, Jan. 27, 2025 /PRNewswire/ –Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced that it has received a written notification (the “Notification Letter”) from the Listings Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on January 23, 2025. The Notification Letter advised the Company that for the last 30 consecutive business days, the minimum closing bid price per share for the Company’s ordinary shares was below the $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5550(a)(2).

The Company would like to clarify that the Notification Letter has no current effect on the listing or trading of the Company’s securities on Nasdaq. Pursuant to Nasdaq Listing Rules 5810(c)(3)(A), the Company has been granted a compliance period of 180 calendar days, until July 22, 2025, to regain compliance with the Nasdaq Listing Rules. If, at any time during this compliance period, the closing bid price of the Company’s ordinary shares reaches US$1.00 per share or higher for a minimum of ten consecutive business days, Nasdaq will provide the Company with written confirmation of compliance, and the matter will be resolved.

In the event the Company does not regain compliance by July 22, 2025, it may be eligible for an additional 180 calendar day period to regain compliance.

The Company intends to actively monitor the bid price for its shares and will evaluate available options to regain compliance with the continued listing requirements.

About Lichen China Limited

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com

Ace Green Recycling and Spiro Announce Strategic Partnership for Sustainable Battery Circularity in Africa

Africa’s largest EV company selects Ace as exclusive global recycling partner to strengthen sustainable operations

Ace to recycle lithium-ion battery material, including LFP batteries, from Spiro’s end-of-life batteries and waste material from its battery manufacturing in Africa

Agreement supports Ace’s global growth strategy with future opportunities to jointly develop African facilities with Spiro, leveraging the company’s patented and environmentally friendly battery recycling technology

HOUSTON, Jan. 27, 2025 /PRNewswire/ — Ace Green Recycling, Inc., a leading provider of sustainable battery recycling technology, and Spiro, Africa’s largest electric vehicle (EV) company and recognized leader in sustainable mobility, have signed a strategic agreement to support the circular battery value chain in Africa. The partnership will see Ace recycle end-of-life lithium-ion batteries, including LFP batteries, as well as waste from Spiro’s battery manufacturing facilities.

Recycled Lithium Carbonate
Recycled Lithium Carbonate

As part of the agreement, Spiro has named Ace as its exclusive global preferred recycling partner. Ace and Spiro will collaborate to develop co-located recycling centers near Spiro’s collection hubs, utilizing Ace’s proprietary, environmentally friendly technology. The partnership will emphasize the safe handling and recycling of batteries and support Spiro’s sustainable growth as it scales its operations across Africa.

“Spiro’s focus on circularity has been at the core of deploying the largest electric mobility fleet in Africa. As Spiro leads the decarbonization of Africa’s transportation sector, partnering with Ace will further accelerate this progress in a sustainable and responsible manner. This collaboration reinforces our commitment to SDG 13 (Climate Action) and SDG 12 (Responsible Consumption and Production), while building a circular value chain that reduces carbon emissions and supports local economic development,” said Kaushik Burman, CEO of Spiro.

“Leveraging our innovative and green LithiumFirst™ technology that efficiently and effectively recycles lithium-ion battery material, including LFP, we are focused on scaling our modular solution to support a circular value chain that meets the growing demand for recycling,” said Nishchay Chadha, CEO of Ace. “Spiro is a pioneer in Africa when it comes to electrifying its transportation sector, and we look forward to supporting its continued growth with our technology and services. This agreement serves as the foray for Ace in the African market as we continue to rollout our global deployment strategy.”

About Ace Green Recycling

Ace Green Recycling, Inc., incorporated in Delaware, is an innovative battery recycling technology platform offering sustainable end-of-life solutions. It has deployed modular, Scope 1 carbon emissions-free recycling facilities for lithium (NMC & LFP) and lead batteries used in various industries, including electronics, automotive, and energy storage. Ace was founded by Nishchay Chadha, Chief Executive Officer and a veteran in recycling, mining, and global supply chain industries, and Dr. Vipin Tyagi, Chief Technology Officer, with extensive experience in battery materials recycling technologies. For more information, please visit www.acegreenrecycling.com.

About Spiro

Spiro is Africa’s largest electric vehicle company, with more than 22,000 innovative electric bikes deployed across the continent, delivering clean energy and sustainable transportation in Nigeria, Kenya, Uganda, Rwanda, Benin, Togo, Ghana and Tanzania. Spiro riders have collectively driven more than 300 million kilometres without polluting Earth’s atmosphere, avoiding over 21,000 tonnes of CO₂ emissions. Spiro provides a comprehensive support network for electric vehicles, including battery swapping, fast chargers, and home charging solutions. Spiro’s technical innovation centres, based in Pune and Lagos, have developed the technology platforms to deliver a Pan-African smart energy ecosystem, powering the transition to sustainable transportation across the continent. Our mission is to lead the transition to clean energy and smart transportation, ensuring a greener future for the continent.

Contacts:

Media (Ace):
Media@acegreenrecycling.com

Investors (Ace):
Investors@acegreenrecycling.com

Media (Spiro):
Lee Breheny, Chief Communications Officer (CCO), Equitane
+44 07590 847020

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements generally can be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. Such statements include statements regarding the intent, belief or current expectations of Ace and members of its management as well as the assumptions on which such statements are based. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties that could cause actual events or results to vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this press release are made as of this date, and Ace undertakes no duty to update such information except as required under applicable law.

One of Spiro’s electric bikes
One of Spiro’s electric bikes

MicroCloud Hologram Inc. plans to adopt deepseek R1 as the basis for holographic AI applications to provide users with holographic intelligence experience

SHENZHEN, China, Jan. 27, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, announced plans to adopt DeepSeek’s newly released R1 model as the basis for its holographic AI application. This decision aims to further enhance HOLO’s technological strength in the field of holographic digital content generation and interaction, providing users with a more immersive and intelligent holographic experience.

The DeepSeek R1 model has greatly strengthened the deep thinking ability of the larger model through a multi-stage loop training approach, and has demonstrated excellent performance on tasks such as math, code, and natural language reasoning. In particular, the breakthrough in reinforcement learning enables DeepSeek R1 to spontaneously learn complex reasoning strategies through self-gaming and evolution without large amounts of labeled data.

HOLO, as a service provider offering holographic digital twin technology, has been committed to improving the efficiency and quality of 3D holographic digital content generation through independent research and development and optimization of algorithms. This time, DeepSeek R1 was chosen as the basis of the holographic AI application, precisely because of its advantages in reasoning ability and autonomous learning.

HOLO plans to integrate DeepSeek R1 into its holographic digital content generation and interaction system, leveraging R1’s powerful inference capabilities to optimize the holographic image generation process. With R1’s deep learning algorithms, HOLO can more accurately capture and reconstruct the geometric information and texture details of 3D objects to generate more realistic and detailed holographic images.

In addition, the open source nature of DeepSeek R1 provides more opportunities for HOLO to collaborate and innovate. HOLO will be able to perform secondary development and customization based on the open source code of R1 to meet the needs of different customers and scenarios.

HOLO said that the adoption of DeepSeek R1 as the basis of holographic AI application is an important step in the company’s technology upgrade. In the future, MicroCloud Full will continue to increase its R&D investment in the field of AI and holographic technology, and keep launching more innovative and practical products and services to provide users with a more immersive and intelligent holographic experience.

With the gradual advancement of HOLO’s plan to adopt DeepSeek R1, we have reason to believe that in the near future, we will be able to see more realistic, vivid and intelligent holographic digital content, which will bring more convenience and fun to our life and work. This decision will not only inject new momentum into the development of HOLO, but also open up a new path for the development of holographic AI applications.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Qiming Venture Partners’ Portfolio Company HyperStrong Successfully Listed on STAR Market

SHANGHAI, Jan. 27, 2025 /PRNewswire/ — On January 27th, 2025, Beijing Time, Qiming Venture Partners’ portfolio company HyperStrong, a leading provider of battery energy storage systems (BESS) in China, successfully debuted on the Shanghai Stock Exchange’s Science and Technology Innovation Board (the “STAR Market”).

HyperStrong (SHSE:688411) was issued at RMB 19.38 per share and closed at RMB 63.80, representing an increase of 229.21% from the issue price, with a market capitalization of RMB 11.339 billion.

Qiming Venture Partners has been an early investor in HyperStrong since 2015 and has continued to support the company’s growth through subsequent funding rounds. HyperStrong’s successful IPO marks Qiming’s first IPO milestone of 2025.

Founded in 2011, HyperStrong has established itself as a trusted partner in the global transition to renewable energy. The company provides a wide range of energy storage solutions including liquid-cooling energy storage systems, outdoor cabinets, all-in-one charging and storage systems for utility-scale, commercial and industrial uses.

With the increasing global demand for renewable energy, utility-scale energy storage systems have become essential for ensuring grid stability and safety. HyperStrong has positioned itself as a top-tier BESS provider, leveraging its strengths in battery digital modeling, energy and thermal management, big data platform, system integration, and rigorous testing capabilities. These technologies enable HyperStrong to meet the diverse and evolving needs of its customers.

According to S&P Global Commodity Insights, HyperStrong ranked among the top three BESS integrators in terms of global capacity installed in 2023.

Dr. Jianhui Zhang, Chairman and CEO of HyperStrong, expressed his vision for the company: “HyperStrong remains committed to unlocking the full lifecycle value of energy storage systems. We aim to deepen our presence across the energy storage value chain, enhance our integration capabilities, and foster a collaborative innovation ecosystem. By advancing digital applications, hardware-software synergies, and comprehensive solutions, we will drive rapid product innovation to meet the ever-changing needs of the global market.”

Alex Zhou, Managing Partner of Qiming Venture Partners, said, “Over the past decade, we have supported HyperStrong as an investor, shareholder, and board member, steadfastly accompanying the company throughout its remarkable growth. We have witnessed HyperStrong leverage its cutting-edge R&D, strategic market insights, and relentless spirit of innovation to become a leader in the competitive energy storage industry. Today’s successful IPO is not only a major milestone in its journey but also the start of an exciting new chapter full of potential. As the global energy sector undergoes a transformative shift, energy storage has become a critical pillar of this change. We expect HyperStrong to continue leading the way in technological innovation, solidifying its position as a key player in the global energy storage market.”

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, UBTech, WeRide, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, New Horizon Health, Sanyou Medical, AmoyDx, Berry Genomics, SinocellTech, Yuanxin Technology, Caidya, Belief BioMed, among many others.