เดือน: มิถุนายน 2025

HONG KONG, Jun 18, 2025 - (ACN Newswire via SeaPRwire.com) - Hong Kong is still on course for export growth of 3% this year, the Hong Kong Trade Development Council (HKTDC) confirmed today. This timely assessment came as the HKTDC announced the findings of two of its key metrics namely the 2025 Mid-Year Export Review and Outlook and the HKTDC Export Confidence Index 2Q25.Strong frontloading amid tariff uncertaintiesThe city’s 2025 export performance is navigating a period of almost unprecedented turbulence in the global trade arena. Much of this uncertainty has stemmed from the radical shift in US trade policy – particularly the heavy reliance on substantial import tariffs – adopted by President Trump’s administration.In anticipation of a hefty tariff regime, many of Hong Kong’s exporters opted to “frontload” their orders in the early months of 2025 before the new tariffs were implemented. This helped bolster the city’s export figures in the early months of the year and resulted in a number of other positive factors.Low exposure to US marketFirst, Hong Kong has low exposure to the US market when compared with other economies. For instance, US-bound exports in 2024 accounted for just 6.5% of Hong Kong’s total exports.By learning the lessons of previous tariff regimes, notably during the first term of President Trump (2017 to 2021), Hong Kong successfully reconfigured its trading base to reduce its exposure to uncertainties in the US market. Since 2017, Hong Kong has bolstered its trade ties with other economies, with exports to the ASEAN bloc up 38.5% and to the Middle East increasing by 58.1%. The upshot of this is that, despite a 10.5% drop in Hong Kong’s exports to the US over the last eight years, Hong Kong’s total exports for the period recorded a 17.2% increase.This vulnerability has been further reduced by many Hong Kong exporters prioritizing the diversification of their sourcing locations in line with China+1 or China+N strategies. As a consequence, many of Hong Kong’s US-bound exports are now sourced from different locations than they were in 2017. In fact, in 2024, nearly half of Hong Kong’s US-bound exports originated from a variety of international sources, notably up from the comparable figure of 15% eight years ago.Taken together, should a high level of US tariffs be reinstated, only about 3.4% of Hong Kong’s total exports would be affected. Any impact would then be further diminished once the products eligible for tariff exemptions were also taken into account. Collectively, these factors underpin HKTDC Research’s expectation that, even in such adverse trading conditions, Hong Kong’s exports will still expand by 3% as predicted earlier in the year.Commenting on the HKTDC’s decision to confirm its earlier forecast, Director of Research, Irina Fan, said: “Whatever the outcome of the ongoing trade negotiations, our low exposure to the US market, robust trade ties with other markets and diversified sourcing networks are the key underlying factors that should allow Hong Kong exporters to weather the US tariffs relatively unscathed.”Weaker export performance expected in 2HIn line with the overall expectation that export performance would weaken as 2025 progresses, the overall reading for the HKTDC Export Confidence Index in the second quarter fell below 50 for the first time in a year. This moderate decline in Hong Kong exporter confidence can be taken as aligning with the escalation in global trade uncertainty.With the survey conducted at the height of the China-US tariff trade war (28 April-15 May), this downbeat outcome was widely anticipated. In specific terms, this saw the Current Performance Index fall to 49.6 (down from 52.1), while the Expectation Index stood at 49.0 (down from 51.0). Subsequent to the completion of the survey, new trade negotiations have emerged between Mainland China (including Hong Kong) and the US; an outcome expected to be reflected in the findings of the 3Q25 Index.In other findings, Hong Kong exporter confidence remained high regarding prospects in both the ASEAN bloc (59.9) and Mainland China (52.6), while the corresponding reading for the US plummeted to 31.6 (down from 46.7)The Current Performance of three of the six key Hong Kong industry sectors tracked by the Index remained positive with Jewellery at 51.6, Timepieces at 52.1 and Equipment/Materials at 50.4. In the case of the other three sectors, Electronics and Clothing (both 48.9) were marginally below the watershed level while Toys (43.1) continued its recent decline.Putting the findings into context, Kenneth Lee, Special Project and Business Advisory Section Head, HKTDC Research, said: “Overall, the findings for the second quarter align with earlier expectations of weaker exporter confidence amid US tariff uncertainties. It is, however, heartening to see Hong Kong exporters maintain a largely positive outlook with regard to all of the city’s major markets, except for the US.”To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tcReferences- HKTDC Research website: https://research.hktdc.com/en/- HKTDC Export Confidence Index 2Q25: Exporter Confidence Weakens Amid US Tariff Uncertainties https://research.hktdc.com/en/article/MjAyNjM4NzY1Mg- 2025 Mid-Year Trade Review and Outlook: Global Trade Talk Progress Sees HKTDC Adhere to 3% Export Growth Forecast https://research.hktdc.com/en/article/MjAzNDc4NjgwMwPhoto download: https://bit.ly/4n24Ds1 HKTDC Director of Research Irina Fan (left) and HKTDC Research’s Special Project and Business Advisory Section Head Kenneth Lee (right) announced the 2025 Mid-Year Trade Review and Outlook and the HKTDC Export Confidence Index for 2025’s second quarter at a press conference todayHKTDC Director of Research Irina FanHKTDC Research’s Special Project and Business Advisory Section Head Kenneth LeeMedia enquiriesPlease contact the HKTDC’s Communication and Public Affairs Department:Jane CheungTel: (852) 2584 4137Email: jane.mh.cheung@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.  Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Jun 18, 2025 - (ACN Newswire via SeaPRwire.com) - On June 15, the outdoor reality-variety show J-Style Trip Season 3, co-produced by Star Plus Legend and Zhejiang Satellite TV and exclusively sponsored by MODONG MAGIC, successfully concluded its season. Praised for its unscripted format, absence of fixed personas, and rule-free structure, the show has maintained high popularity across all three seasons. This season, J-Style Trip Season 3 topped the ratings for 12 consecutive episodes, ranking No.1 among variety shows in its time slot across 71 major cities according to CSM data. Across the entire season, the show garnered 375 trending topics on major platforms and generated over 4.1 billion views related to its content. On Weibo, the main hashtag #J-Style Trip# surpassed 2.2 billion views, with the total cumulative views of the main topic across all three seasons reaching 3.77 billion. A total of 56 individual trending topics remained on the charts for over 10 hours each, contributing to a long-tail effect with the season’s hot search duration exceeding 1,220 hours. On Youku, the show consistently ranked No.1 on multiple charts, including the Free Variety Show Popularity List and the Travel Variety Show List. J-Style Trip Season 3 set new benchmarks across all three seasons in terms of social media buzz and audience engagement. On Weibo alone, topic views for this season exceeded the combined total of the first two seasons — highlighting the show's enhanced storytelling power and growing cultural impact.This season, J-Style Trip Season 3 was led by Jay Chou, the creator of the “J-style journey,” who was joined by a vibrant group of travel companions including Will Liu, Ken Lin, Funky Tu, Will Tsai, Chien-Te Fang, Kuan-Ting Chen and Guanlin Chen. Together, they visited breathtaking destinations and uncovered touching personal stories—building an emotional connection unique to the “J-style” travel experience and contributing countless standout moments throughout the show. The addition of Will Liu brought fresh energy to the series. His seamless chemistry with Jay Chou created numerous memorable highlights—from leading foreign tourists in a ‘Chinese Herbal Manual’ fitness dance on the streets of Greece, to exploring traditional Chinese culture through Wing Chun and lion dancing in Guangdong. These moments added new layers of fun, spontaneity, and cultural richness to the journey.J-Style Trip Season 3 centers around the theme of “looking for outstanding Chinese individuals around the world,” highlighting overseas Chinese who have made remarkable contributions across various fields—including professionals, artists, and cultural inheritors. This season’s journey spans countries such as Italy, Greece, and Saudi Arabia, where the cast meets figures like tennis star Zhang Zhizhen, rising opera talent Wang Kang, and world latte art champion Hu Zhonghua, among many others who are preserving and innovating intangible cultural heritage. Through these inspiring personal stories, the show vividly conveys the spirit of “passion knows no borders” and sheds light on the diversity and strength of Chinese identity in a globalized world. No longer just a casual trip among celebrity friends, this season has transformed into a warm, meaningful, and resonant exploration of culture.This season, J-Style Trip 3 further elevated its signature relaxed travel aesthetic, while staying true to its unscripted, unfiltered, and freeform filming style. With a faster storytelling rhythm and more dynamic transitions, the show guided viewers through local markets, street food scenes, and everyday urban life—offering both in-depth cultural exploration and practical travel tips. In the season finale, the J-Style Trip group took part in a cultural exchange with young Chinese dancer Liang Daiqing and the “Shaoli Ensemble”, a traditional folk music group from the Zhuang ethnic minority in Guangxi. This “folk song × pop” crossover showcased the unique charm of the minority culture.As the show’s popularity continues to rise, attention has also turned to its sponsors. MODONG MAGIC is the exclusive title sponsor, with Alipay as strategic partner. Special sponsors include ADATA, Enya Cyber-G, Bonggie, and VIVICYCLE, while the tourism boards of Saudi Arabia and Australia provide special support. This diverse brand backing fully unlocks the commercial potential of the content IP. Historically, star-led reality shows often “win critical acclaim but fail to reach mass appeal.” Even with top-tier celebrities and loyal fans, they rarely break out of niche circles. Star Plus Legend, the company behind J-Style Trip Season 3, has now set a new benchmark in star IP commercialization.Unlike traditional talent management firms, Star Plus Legend focuses on creating proprietary brands based on each artist’s traits, adopting a long-term approach to star IP commercialization. In this season, Star Plus Legend upgraded the commercial loop around the show’s boutique content IP. Industry insiders explain that Star Plus Legend attracts brand sponsors and earns licensing revenue through the show, while also empowering its own IP and brands to boost new-retail sales. Leveraging celebrity influence and full-channel promotion, including livestream e-commerce and private-domain social media, Star Plus Legend converts IP traffic into product volume, forming a complete commercial loop that highlights the superiority of its operating model.The success and monetization of J-Style Trip Season 3 mark the maturation of Star Plus Legend’s “IP-empowered new retail” model. In the arena of deep integration between content and consumer, this IP-centric, omnichannel marketing commercial loop not only increases the long-tail value of star IP but also creates a sustainable monetization path for the industry. Copyright 2025 ACN Newswire via SeaPRwire.com.

Vancouver, BC, June 17, 2025 - (ACN Newswire via SeaPRwire.com) - Transoft Solutions, a global leader in transportation engineering, analysis, and operations software, is pleased to announce that it has acquired CGS Labs, developers of specialized software solutions for transport infrastructure design, weather information systems and environmental monitoring.Transoft Solutions Acquires CGS LabsCGS Labs' Civil Solutions suite of BIM software for engineering design, construction and maintenance is an exciting addition to Transoft's Civil & Transportation portfolio. While Transoft has had a long-standing relationship with CGS that involved several product collaborations, both companies have simultaneously been key competitors in the EMEA region with their respective AutoTURN and Autopath swept path analysis products."We highly anticipate the potential of synergy between CGS's comprehensive design platform and Transoft's existing products", said Daniel Shihundu, CEO at Transoft Solutions. "Customers can expect a more robust and broad offering from Transoft's road design solutions with the combined technologies from both companies and joint expertise of two seasoned teams who have both been major players in the market over the past thirty years. We are also very excited about adding a new dimension to Transoft's current offerings with CGS's rail and waterways design software and predictive road weather applications for environmental impact mitigation."CGS Co-founder, Matjaz Šajn, said "We are delighted to become part of the Transoft Solutions success story. Over the past 35 years, CGS Labs has developed unique software solutions trusted by users worldwide. By joining forces with Transoft, we will be able to create synergies and strengthen our position as one of the leading global software development players in the field of transportation. CGS Labs brings deep expertise in BIM and weather information systems to the combined company. We are also pleased to see that the values and visions of both teams are closely aligned. Looking ahead, we anticipate exciting new opportunities for learning, collaboration, and product innovation for all of us."CGS is headquartered in Ljubljana, Slovenia with three additional offices in Germany, Serbia, and the Czech Republic. With a highly qualified team of around 25 employees and contractors, CGS is a strong cultural fit with Transoft, each similarly being in operation for around three decades.CGS' strong representation in Eastern Europe complements Transoft's distribution in Western Europe. Together, the companies expect to grow sales of each other's products in their respective regions.About Transoft SolutionsTransoft Solutions develops innovative and highly specialized software for aviation, civil infrastructure, and transportation professionals. Since 1991, Transoft has remained focused on safety-oriented solutions that enable transportation professionals to work effectively and confidently. Our portfolio of planning, simulation, modeling, and design solutions are used in over 150 countries serving more than 50,000 customers across local and federal agencies, consulting firms, airport authorities, and ports. We take pride in providing the highest quality of customer support from our headquarters in Canada, and through our offices in Sweden, Slovenia, the United Kingdom, the Netherlands, Australia, Germany, India, Belgium, France, Spain, and China.For more information on Transoft's range of aviation, civil design, planning, and transportation safety and operations solutions, visit us at: transoftsolutions.comContact InformationMedia Relationspublicrelations@transoftsolutions.com+1 604 244 8387 ext 2245SOURCE: Transoft Solutions Inc.Related ImagesTransoft Solutions CEO & CGS Labs Co-Owners Copyright 2025 ACN Newswire via SeaPRwire.com.

FLORENCE, ITALY & WEST PALM BEACH, FL, June 17, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), returns to Florence for Pitti Uomo 108 with the launch of its Spring-Summer 2026 Collection which includes classic, sport-inspired apparel, shoes, bags, and accessories, and a once-in-a-lifetime 135th Anniversary Celebration. This summer, U.S. Polo Assn.'s exhibit at Pitti Uomo is taking place from June 17 to 20, at Booth 32 Cavaniglia with very special guests, sporty models, and an immersive presentation of the brand and its collection. The high-energy theme of the show, "PITTI BIKES" will transform the legendary Fortezza da Basso into a buzzing circuit of fashion and lifestyle, creating the perfect stage for U.S. Polo Assn., a brand rooted in sport, authenticity, and timeless American style.U.S. Polo Assn. X Pitti Uomo 108The Exhibit: An Immersive ExperiencePitti Uomo 108 also marks a key moment for U.S. Polo Assn., the celebration of 135 years of sport inspiration and a milestone that pays tribute to tradition, sport, and the unique spirit of polo for those "Born to Play." Throughout the most important menswear trade show in the world, U.S. Polo Assn. will unveil a reimagined exhibition space, designed to offer an immersive experience that narrates the brand's authenticity and heritage through a visual experience created to celebrate 135 years.To celebrate the anniversary, the booth will host a presentation and media moment on Wednesday, June 18, with J. Michael Prince, CEO of U.S. Polo Assn. (USPA Global), and Lorenzo Nencini, CEO of INCOM S.p.A and member of the Pitti Immagine Board. Alongside Prince and Nencini, U.S. Polo Assn. Italian licensees Augusto Bonetto, representing Bonis, Andrea Zini, representing EastLab, and Franco Zuccon, representing EuroTrade, will proudly show their respective products and speak with partners, vendors, and other brand representatives.An Unforgettable Night: "Play for the Moment, Live for the Legacy"On the evening of June 18, U.S. Polo Assn. will host its invitation-only 135th Anniversary Celebration in the stunning Chiostro Grande at the historic Complesso di Santa Maria Novella. Guests from around the world will gather for this exclusive event to toast to the past, present, and future of a brand born from the sport of polo that dates back to 1890.Hosted by renowned Italian actor and author Roberto Ciufoli, the evening begins with an invitation-only dinner, followed by a live performance from Italian music star Clara, concluding with an electric DJ set by the legendary Benny Benassi. Guests will also experience an immersive art performance curated by visionary artists Luca Agnani and Pietro Terzini, making this celebration a multi-sensory tribute to U.S. Polo Assn. that honors the brand's legacy, while looking confidently toward the future.The wines provided for the evening will be Marchesi Frescobaldi, a world-renowned company that embodies the very essence of Tuscany and its extraordinary aptitude for viticulture."I am thrilled to return to Florence, a city synonymous with art, craftsmanship, and timeless style, to represent U.S. Polo Assn. alongside our European partners at Pitti Uomo 108-the most iconic menswear trade show in the world," said J. Michael Prince, President and CEO of USPA Global, the company that manages and markets the multi-billion-dollar global U.S. Polo Assn. brand. "This year, our presence in Florence takes on even greater significance as we celebrate the 135th Anniversary of U.S. Polo Assn. with a dynamic exhibition and an unforgettable party, featuring some of Italy's most exciting names in music and art at such an iconic location.""It's an extraordinary moment for our global brand to honor our sport-inspired heritage while celebrating U.S. Polo Assn.'s future-focused momentum on one of fashion's most influential stages," Prince added.A Full Lifestyle Collection for Spring/Summer 2026Presented by southwestern and central Europe licensee Incom, the U.S. Polo Assn. Spring-Summer 2026 ApparelCollection brings forward a contemporary heritage-inspired lifestyle wardrobe for men and women. Built around core capsules, the apparel collection blends quality materials, modern silhouettes, and vibrant seasonal palettes."To present the Spring-Summer 2026 Collection of U.S. Polo Assn. here in Florence - my city, and the beating heart of fashion - is an emotion beyond words," said Lorenzo Nencini, President of Incom S.p.A. "As a proud member of the Pitti Immagine Board and the exclusive apparel partner for this incredible global brand, I am proud to contribute to the 135th Anniversary of U.S. Polo Assn. and its celebration on such a grand and meaningful stage.""Incom brings not only product, but passion, to the Fortezza da Basso. And we do so with Italian hands and global vision. This moment is a tribute to everything U.S. Polo Assn. has built - and to all that is to come," he added.Apparel CollectionThe new Men's and Women's Apparel Collection for the season is built around distinct capsules that reflect U.S. Polo Assn.'s core values of authenticity, functionality, and timeless style.Heritage: A spirited tribute to the sport of polo, featuring bold stripes, signature prints, crochet accents, beading, and hand-embroidered logos in vibrant summer tones.Premium: Sophisticated staples in linen, Supima cotton, and hemp jersey, finished with natural dyes for a refined summer look.Tailored: Soft silhouettes in cotton-linen blends and elegant neutrals. Modern suiting, lightweight knits, and fresh shirting define a new relaxed elegance.Seasonal Palette: Think classic red, white, and blue washed denim tones, elevated with pops of citrus, coral, sky blue, and lime - bringing Americana into a new era.Handbag CollectionEastlab's Spring-Summer 2026 Bag Collection blends sport-inspired utility with summer-ready charm for both women and men.Women's Line: From sleek, ultra-light nylon styles to 2-in-1 convertible bags and equestrian inspired saddle shapes, the collection offers options for both everyday function and refined occasion wear. Standouts include the satin Ceremonial line and embroidered Beach styles in terry cloth and mesh.Men's Line: Launching the Tennis Backpack, a stylish, water-resistant design with functional pockets for life on the move. Other new entries include elevated business and casual bags, with a focus on versatility and detail.Eco Focus: Special-Edition bags celebrating 135 years are available in red, white, and blue, with eco-conscious details like water bottle pockets.Footwear CollectionBonis redefines sporty chic with a Footwear Collection that fuses classic American heritage with today's most-wanted streetwear looks.For Her: Ibiza and Samoa espadrilles return with updated rhinestones and bold embroidery, while Jada and Milly sandals steal the show with clean lines and modern platforms.For Him: Classic slip-ons are paired with new lace-up versions, and fresh silhouettes like the Swift running shoe and Seneka sneaker bring a vibrant, youthful edge.Trends: From retro runners to urban sandals, the lineup embraces summer versatility without sacrificing comfort or performance.Watch & Jewelry CollectionEuroTrade debuts a refined Watch and Jewelry Collection that captures the essence of summer sophistication with standout style and playful color.Watches: Premium materials like satin and soft leather meet eye-catching details, including colorful dials in the Jayden Line and luxurious straps in the Vivian Collection.Jewelry: A bold and expressive assortment featuring metallic finishes and joyful tones. From the cool blues of Maisie to the vibrant hues of Naomi, each piece is designed to elevate daily style.In-Store Experience: EuroTrade also launches the USPA Watch Collection Case - a secure, anti-theft display now available in U.S. Polo Assn. stores, giving customers a tactile, inviting shopping experience.U.S. Polo Assn.'s presence at Pitti Uomo 108 is more than just a showcase - it's a milestone. With a bold, modern collection and a spectacular celebration in Florence, the brand continues to honor its roots in the sport of polo while riding confidently into the future of fashion.About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.About Incom S.p.AIncom S.p.A, founded in Montecatini Terme (PT) in 1951, manages, as a licensee, the apparel for the U.S. Polo Assn. brand in Western Europe, which produces and distributes iconic clothing brands all over the world. In addition, Incom is one of the main suppliers of military and paramilitary clothing in the Italian State both for uniforms and for technical clothing. Since January 2008, it has been producing and distributing men's, women's, and children's clothing in Western Europe under the U.S. Polo Assn. brand, with record sales results and growth. For further information visit www.incomitaly.com.About Bonis S.P.A.Bonis is the exclusive footwear licensee for U.S. Polo Assn. in Western Europe. Founded in 1970, Bonis is a leading company in the footwear business and is a partner selected by some of the most influential international brands. Located in the heart of the Asolo and Montebelluna footwear district, the home of the most important sport system brands. Bonis works with private labels, contracting, and licensing. Visit www.bonis-spa.comAbout Eastlab S.r.l.Eastlab S.r.l. is the exclusive licensee for U.S. Polo Assn. bags and accessories in Europe. Founded in 2015, Eastlab S.r.l. is now one of the leading Italian companies in the production and distribution of bags, accessories, and luggage. Its targeted response to market needs and passion for its work have quickly earned Eastlab strong credibility in the industry and the trust of major international partners. Visit www.eastlab.itAbout EuroTrade s.r.l.EuroTrade is U.S. Polo Assn.'s licensee in Western Europe for watches and accessories. Headquartered in Italy, EuroTrade was founded in 1987 and specializes in the creation and distribution of high-quality watches and accessories characterized by original design and innovative technology. EuroTrade offers the market an original and trendy accessory to wear on any occasion. Visit www.incomitaly.com/en/euro-trade-s-r-l/Contact InformationStacey KovalskyU.S. POLO ASSN. GLOBAL HQskovalsky@uspagl.com+1-954-673-1331 (WhatsApp)Paola VaraniHUB PRESS OFFICE (INCOM in Italy)paolavarani@hubcomm.netLaura VaraniHUB PRESS OFFICE (INCOM in Italy)lauravarani@hubcomm.netLaura ManfrinTWINS PRESS OFFICE (BONIS & EASTLAB in Italy)laura@twins-pr.comMaura BusattoTWINS PRESS OFFICE (BONIS & EASTLAB in Italy)maura@twins-pr.comGaia GrassiHUB PRESS OFFICE (INCOM in Italy)gaiagrassi@hubcomm.netSOURCE: U.S. Polo Assn.Related ImagesU.S. Polo Assn. X Pitti Uomo 108U.S. Polo Assn. X Pitti Uomo 108U.S. Polo Assn. X Pitti Uomo 108 Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Jun 17, 2025 - (ACN Newswire via SeaPRwire.com) - China’s leading ride hailing platform-CaoCao Inc. (“CaoCao” or the “Company”, Stock Code: 02643. HK), today proposes to list on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”). The Company plans to offer 44,178,600 Shares (subject to the over-allotment option), at the offer price of HK$41.94. Huatai Financial Holdings (Hong Kong) Limited, ABCI Capital Limited, and GF Capital (Hong Kong) Limited are the Joint Sponsors.   Details of the Offering Plan- Offer Shares under the Global Offering: 44,178,600 Shares (subject to the Over-allotment Option)- International Offer Shares: 39,760,700 Shares, representing 90% of the initial offer shares (subject to reallocation and the Over-allotment Option)- Hong Kong Offer Shares: 4,417,900 Shares, representing 10% of the initial offer shares (subject to reallocation)- Hong Kong Public Offering Open: 9:00 a.m. on June 17, 2025 (Tuesday)- Hong Kong Public Offering Close: 12:00 noon on June 20, 2025 (Friday)- Estimated Listing Date: June 25, 2025 (Wednesday)- Board Lot Size: 100 shares- Stock Code: 02643.HKA ride hailing leader incubated by Geely, with the largest fleet of purpose-built vehicles of its kind in ChinaCaoCao is a ride hailing platform in China originally incubated by Geely Group. The Company's principal services include mobility services (primarily ride hailing service for passengers and order dispatch service for drivers), vehicle leasing and vehicle sales. The Company provides mobility services in the form of ride hailing under the brand of CaoCao Mobility and Limao Mobility. Meanwhile, it also provides offline taxi hailing services under the brand of Limao Mobility. As of December 31, 2024, CaoCao operated in 136 cities across China, with a gross transaction value (GTV) of RMB17.0 billion in 2024, and a market share of 5.4%, making it the second largest player in the market, according to Frost & Sullivan.CaoCao’s purpose-built vehicles are manufactured by Geely Group. The Company is deeply involved in the design, development, deployment, sales and operation of the vehicles, allows the Company to shape vehicle specifications that precisely meet the needs of passengers and drivers. As of December 31, 2024, CaoCao operated a fleet of over 34,000 purpose-built vehicles across 31 cities in China for the use of its affiliated drivers, the largest of its kind according to Frost & Sullivan. The Company plans to ultimately provide all of its affiliated drivers with purpose-built vehicles and are increasing the sale of purpose-built vehicles to car partners.A frontrunner in the development of robotaxi servicesOn February 28, 2025, the Company launched CaoCao Smart Mobility, its autonomous driving platform, and announced the commencement of robotaxi services in two pilot cities, Suzhou and Hangzhou. The CaoCao Smart Mobility platform is the latest product of CaoCao’s close collaboration with Geely Group, and combines the Company’s strengths as one of the largest ride hailing platforms in China with ample experience managing a large fleet of vehicles, and the strengths of Geely Group as a leading automotive-OEM and a frontrunner in the development of autonomous driving technologies.CaoCao is developing new purpose-built vehicles dedicated to the provision of robotaxi services with Geely Group, including an L4 level robotaxi model fully designed for autonomous driving which is expected to be launched by the end of 2026. In the future, CaoCao will continuously expand its autonomous driving R&D team to strengthen robotaxi operation and technological capabilities. Furthermore, the Company will look for opportunities to gradually expand its robotaxi coverage to more cities nationwide in order to accomplish the early-realization of large-scale robotaxi operation.Strong brand recognition, ranked No. 1 brand in user recognitionCaoCao is dedicated to service quality. The Company’s comprehensive driver management protocols incentivize all of its drivers, including those managed by car partners, to provide excellent and standardized services. CaoCao Mobility was recognized as the No. 1 brand in user recognition for “best service quality” among China’s leading shared mobility platforms in five consecutive quarterly surveys of thousands of shared mobility users nationwide from the fourth quarter of 2023 to the fourth quarter of 2024.CaoCao’s user experience is differentiated by its fleet of purpose-built vehicles and smart in-cabin features. These differentiators not only bolster its brand but also significantly enhance user satisfaction. Its service to users is also underpinned by a strong focus on safety. According to Frost & Sullivan, CaoCao maintained an order accident rate substantially lower than industry average in 2023 and 2024.Forward-looking senior management embracing new mobilityCaoCao’s senior management team, embodying a proactive mindset and a global vision, averages over 13 years of experience across the internet, mobility service, and automotive industries, with an average age of 43. Guided by a board composed of seasoned veterans, including the Company’s board chairman Mr. Yang Jian, who has over 12 years as vice chairman at Geely Holding, and the executive director and chief executive officer, Mr. Gong Xin, who brings a wealth of experience from his tenure at a leading shared mobility platform, the Company’s leadership team is adept at identifying and addressing the critical needs of passengers and drivers, which significantly enhances the functionality and purpose of vehicles.   Profitability improves steadilyCaoCao has accomplished growth and improved its profitability at the same time. From 2022 to 2024, its revenue increased from RMB7.6 billion to RMB14.7 billion, and gross profit margin improved from -4.4% to 8.1%. Its mobility service revenue grew significantly from 2022 to 2024, with RMB7.5 billion in 2022, RMB10.3 billion in 2023, and RMB13.6 billion in 2024. The Company expects its mobility service revenue to continue to grow and be a material contributor to total revenue in the foreseeable future as the shared mobility industry continues to expand and as the Company implements its growth strategy.Breakdown of RevenuesMr. Gong Xin, the executive director and chief executive officer of CaoCao Inc., said, “The current shared mobility market is highly concentrated, and CaoCao is using a differentiated strategy to increase market penetration and provide higher quality ride hailing services to our users. With our fleet of purpose-built vehicles and smart in-cabin features, we offer a differentiated experience for our customers and have significantly increased customer satisfaction. In the future, we will expand our business coverage in China by entering new urban markets. We will adhere to our technology-driven, eco-synergistic strategy and continue to reduce operating costs and enhance user experience through purpose-built vehicles and intelligent technologies, creating long-term value for our shareholders.”Use of proceeds:After deducting the underwriting commissions and other estimated expenses paid and payable in connection with the Global Offering and excluding any Shares which may be issued under the Pre-IPO Option Scheme, assuming that (i) the Over-allotment Option is not exercised; and (ii) each of the Preferred Shares is converted into one Share, based on the Offer Price of HK$41.94 per Share, CaoCao estimates that it will receive net proceeds of HK$1,718.4 million from the Global Offering. In accordance with the Company's strategy, CaoCao intends to apply the proceeds of the Global Offering in the amounts set out below for the purposes as follows:- Approximately 19.0% of the net proceeds, or approximately HK$326.5 million, will be used in the next three years to improve auto solutions and improve service quality;- Approximately 18.0% of the net proceeds, or approximately HK$309.3 million, will be used in the next three years to enhance and launch purpose-built vehicles;- Approximately 17.0% of the net proceeds, or approximately HK$292.1 million, will be used in the next three years to enhance technology and invest in autonomous driving;- Approximately 16.0% of the net proceeds, or approximately HK$274.9 million, will be used in the next three years to expand geographical coverage;- Approximately 20.0% of the net proceeds, or approximately HK$343.7 million, will be used for partial repayment of the principals and interests of certain of bank borrowings;- Approximately 10.0% of the net proceeds, or approximately HK$171.8 million, is expected to be used for working capital and other general corporate purposes.For any inquiries, please contact:Porda Havas International Finance Communications Group LimitedKelly Fung    +852 3150 6763       kelly.fung@h-advisors.globalMay Yang      +86 15021840493      may.yang@h-advisors.global Copyright 2025 ACN Newswire via SeaPRwire.com.