Connect with us

Media OutReach

China’s Leading Secondhand Platform “Zhuanzhuan” Lands in Hong Kong as OASES Announces Sixth Batch of Strategic Enterprises

Published

on

Circular Economy Giant Eyes Global Market, Launches International Headquarters in the City

HONG KONG SAR – Media OutReach Newswire – 21 April 2026 – The Office for Attracting Strategic Enterprises (OASES) held a signing ceremony today to welcome a new batch of strategic enterprises establishing or expanding their operations in Hong Kong. Zhuanzhuan Group (“Zhuanzhuan” or the “Group”), China’s leading circular economy consumer company, is pleased to announce its official signing as a strategic enterprise partner of the HKSAR Government. The Group will establish its international headquarters in Hong Kong as a strategic hub for global market expansion, extending its second-hand goods trading platform services to overseas markets. Zhuanzhuan plans to introduce its “AI Valuation System” and “Official Inspection & Authentication AI Quality Control” technologies to Hong Kong, while also establishing a research and development (R&D) center. This move is expected to foster mutually beneficial partnerships with Hong Kong across various fields, including the digital economy and green industries.

Zhuanzhuan Group signs as a strategic enterprise partner in the 6th batch of the OASES

Huang Wei, Founder and CEO of Zhuanzhuan, stated: “The Group has been expanding its business presence in Hong Kong since 2017. Seizing this opportunity to collaborate with the HKSAR Government to establish our international business headquarters here marks a major strategic milestone in Zhuanzhuan’s global expansion, and we are incredibly thrilled. Hong Kong possesses the unique advantage of serving as the hub connecting the domestic and global markets, coupled with a mature capital market and an open business environment. This aligns closely with Zhuanzhuan’s international strategy, making Hong Kong our ideal base for international expansion.”

As a top-tier secondhand trading platform in China, Zhuanzhuan has experienced rapid growth since its establishment in 2015. It owns multiple renowned secondhand brands, including Zhuanzhuan, Zhaolianji, and Plum. With China’s second-hand circular economy sector attracting significant attention from the capital market, Zhuanzhuan stands out with its pioneering “Tech-driven Official Inspection & Authentication” service for second-hand quality checks, successfully earning platform users’ trust. The Group has secured support from notable enterprises and investors such as Tencent, Xiaomi, and 58 Group, achieving a valuation exceeding US$3 billion (approximately HK$23.4 billion) in its latest funding round. Last year, its total revenue surpassed RMB 20 billion, with over 400 million registered users and 50 million monthly active users.

Differentiating itself from the traditional C2C model represented by companies like Carousell and Xianyu, Zhuanzhuan utilizes a mature C2B2C business model to provide specialized platform services centered on “Platform Intermediation, Professional Authentication, and Quality Assurance”. Its pioneering “Tech-driven Official Inspection & Authentication” service conducts comprehensive and rigorous testing on secondhand goods, providing exclusive quality inspection reports for public display. The vast majority of officially verified products enjoy value-added services such as a 7-day unconditional returns, a one-year platform warranty, and free shipping within mainland China. Through standardized quality control and after-sales guarantees—implementing strategies such as “inspect before shipping,” “return if unsatisfied,” and “compensation for inspection errors”—Zhuanzhuan delivers a premium “what you see is what you get” experience for consumers.

Technology-driven innovation is the core engine keeping Zhuanzhuan at the forefront of the industry. The company established a dedicated AI division last year, planning to invest RMB 2 billion over three years in R&D of AI quality inspection, intelligent matching, and other tools. Launched earlier this year, the “AI Photo Authentication” has been extensively applied in luxury goods authentication. Based on a massive database of authentic product images and deep learning algorithms, the system dramatically reduces the traditional 15-minute manual authentication process to “instant authentication”, delivering results in as fast as 1 second—a nearly 900-fold increase in efficiency. Furthermore, in the authentication of core bag categories, it has achieved an ultra-high accuracy rate with an error rate below 0.01% (since launch, over 10,000 LV bags verified with only one error), completely breaking through the inconsistent standards and efficiency bottlenecks in traditional non-standardized goods trading and manual authentication.

Huang Wei further noted that as an international financial center and innovation technology hub, Hong Kong provides Zhuanzhuan with an international gateway and cross-border resource integration platform. Zhuanzhuan will leverage Hong Kong to export its digitalized “technology + service” model, validated in the mainland market, to global markets including Southeast Asia, the Middle East, and North America. Simultaneously, it will bring its mature C2B2C e-commerce model and advanced AI technology applications to Hong Kong, supporting the city’s smart city development. The establishment and operation of Zhuanzhuan’s international business headquarters are expected to strengthen Hong Kong’s role as a digital economy and cross-border e-commerce hub while promoting the development of related digital technologies and service trade. The Group looks forward to contributing to Hong Kong’s green innovation and technology ecosystem and jointly promoting China’s second-hand circular economy onto the world stage.

Hashtag: #Zhuanzhuan #CircularEconomy #SecondhandPlatform

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

About Zhuanzhuan

Founded in 2015, Zhuanzhuan Group is China’s leading circular economy consumer company, operating multiple secondhand e-commerce brands including Zhuanzhuan, Zhaolianji, Caihuoxia, Xiakehui, and Plum. The business covers over 100 categories of secondhand goods including mobile phones, 3C electronics, luxury goods, books, and collectibles. With a nationwide network of over 1,100 chain stores and a door-to-door recycling team of more than 3,000 personnel, the company is dedicated to solving trust issues in non-standardized goods trading through AI quality inspection technology and an innovative C2B2C business model, bringing consumers high-quality, cost-effective second-hand goods.

As the leading enterprise in China’s fulfillment-based secondhand trading platforms, Zhuanzhuan recorded over 400 million registered users and 50 million monthly active users last year. With “technology-driven + platform service” as its core engine, Zhuanzhuan has established a dedicated AI division, pioneered the “Tech-driven Official Inspection & Authentication” second-hand quality check service in the country, and independently developed core technology products such as the AI Valuation System and AI Photo Inspection. It has built industry-leading AI authentication capabilities in the luxury goods industry, providing highly accurate authenticity inspection in seconds for globally renowned luxury brand handbags, continuously leading China’s second-hand trading market towards standardization and digitalization.

Media OutReach

Taiwan International Plant-Based Festival Launches in Singapore: High-End Culinary Partnerships and Diplomatic Exhibitions Shape Premium Agri-Product Branding

Published

on

SINGAPORE – Media OutReach Newswire – 1 July 2026 – The “Taiwan International Plant-Based Festival” officially launched in Singapore. Led by Ministry of Agriculture (MOA) Deputy Minister Hu Jong-I, the delegation introduced Taiwan’s premium produce and elite Phalaenopsis orchids into Singapore’s luxury dining and international sectors. The initiative leverages high-end restaurant marketing and immersive thematic exhibitions to showcase the quality, safety, and sustainability of Taiwanese agriculture, actively expanding its reach into premium consumer and international procurement markets.

The culinary campaign features a high-profile partnership between “Yang Ming Spring”—a prominent Taiwanese pure vegan culinary group honored with the Michelin Green Star—and Si Chuan Dou Hua Restaurant at PARKROYAL on Beach Road under the Pan Pacific Hotels Group. From July 1 to September 30, this exclusive plant-based menu highlights premium fresh ingredients sourced directly from Taiwan, including water snowflake, green bamboo shoots, cabbage, tea leaves, and the rising export star, the “Mango Pineapple,” elevating Taiwanese produce onto international five-star tables.

Photo 2

The launch was attended by MOA Deputy Minister Hu Jong-I, Ministry counselor Wu Wen-ling, Pan Pacific Hotels Group Executive Director Ms. Wee Wei Ling, and Yang Ming Spring Founder Mr. Chen Chien-Hung. Deputy Minister Hu noted that this festival marks a critical milestone for Taiwanese agriculture as it integrates with green gastronomy globally. The MOA aims to connect Singaporean consumers with Taiwan’s top-tier produce, establishing a premium brand image rooted in food safety and trust to unlock future export channels.

The launch elegantly incorporated Taiwan’s Phalaenopsis orchid floral aesthetics to create a “five-sensory feast” that harmonized taste, vision, and cultural narrative, solidifying Taiwan’s premium brand image. The event successfully drew over 80 distinguished guests, including mainstream Singaporean media, food critics, business chamber representatives, and executive chefs.

Concurrently, the official residence of the Taipei Representative Office in Singapore hosted the festival’s thematic opening reception, serving as a premier venue for cultural diplomacy and showcasing the narrative of Taiwan’s agricultural excellence. The exhibition focused on three themes: Taiwanese orchid aesthetics, Mango Pineapple innovation, and sustainable agriculture tourism. This space demonstrated Taiwan’s agricultural evolution from precision R&D to green sustainability, highlighting its export potential to foreign diplomats and Singaporean trade buyers.

The MOA emphasized that the initiative’s core strategy is to “drive tangible procurement through engaging and immersive experiences in our target markets.” By bridging high-end dining with diplomatic prestige, the three-month campaign will maximize the visibility of Taiwanese agri-products across Southeast Asian markets. Aligning with global net-zero sustainability trends, the festival establishes a safe, premium brand image, paving the way for Taiwanese agriculture to integrate into global high-end supply chains and broader Asia-Pacific channels.

Hashtag: #YMSpring

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

Continue Reading

Media OutReach

SIM Academy Enhances Flexible Upskilling Pathways for Adult Learners and Working Parents

Published

on

SINGAPORE – Media OutReach Newswire – 1 July 2026 – SIM Academy today announced its continued commitment to supporting adult learners and working parents through flexible, industry-relevant upskilling pathways designed to meet the demands of modern work and life.

As workforce transformation accelerates, many adult learners face a common challenge: balancing professional responsibilities, caregiving commitments, and personal development. Recognising that time constraints remain a key barrier to learning, SIM Academy has developed a range of flexible programme formats that enable learners to upskill without disrupting their daily routines.

Short and focused pathways for working parents
Learning programmes with long course duration can be intimidating for busy adults. Working parents often prefer shorter and more manageable course modules. This is especially useful for parents who may only have short windows of time in the evenings, during lunch breaks, or over the weekend.

Instead of commuting to class every session, parents can learn from home and control their pace more easily. SIM Academy’s online courses are designed to support career mobility and future-proof skills. This is a practical option for learners who need both flexibility and relevance. When pathways are flexible, learners can choose the direction that best aligns with their current stage of life and career.

Supporting career progression across growth areas
SIM Academy’s learning pathways are structured to support progressive skill development across key industry domains. Learners can begin with foundational courses and advance to specialised areas aligned with their career goals.

For instance, individuals seeking to transition into digital roles can build core capabilities before moving into more advanced technical or applied programmes. Similarly, professionals aiming to strengthen leadership competencies can develop skills in communication, collaboration, and people management.

In response to the growing importance of sustainability, SIM Academy also offers programmes tailored for senior professionals, including C-suite leaders, senior management, and SME decision-makers. These courses focus on equipping leaders with the knowledge and tools to address climate-related risks, strengthen governance frameworks, and integrate sustainability into business strategy in line with evolving regulatory requirements.

Enabling Lifelong learning through flexible delivery

SIM Academy’s multi-modal delivery approach, spanning online, blended, and in-person formats, provides learners with the flexibility to pursue continuous education at their own pace. By offering industry-aligned programmes in areas such as leadership, innovation, sustainability, and essential workplace skills, SIM Academy empowers adult learners to remain competitive and future-ready.

As organisations continue to evolve, SIM Academy remains committed to enabling lifelong learning through accessible, practical and flexible education pathways that support both professional growth and personal responsibilities.

References

  1. Catalyse Your Career Growth with SIM Academy: https://www.sim.edu.sg/professional-development/overview
  2. Why Learn at SIM?https://www.sim.edu.sg/professional-development/why-sim-for-professional-development
  3. Online short professional courses: https://www.sim.edu.sg/professional-development/courses/online-courses
  4. Sustainability courses for C-suite Leaders: https://www.sim.edu.sg/professional-development/courses/sustainability-courses

Hashtag: #SIMAcademy #SIMA

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

About SIM Academy

SIM Academy provides leading-edge professional development and enterprise solutions. SIM Academy offers over 300 executive and business programmes that help almost 10,000 professionals annually on average hone their competencies to drive business value and achieve peak personal and enterprise performance.

Our programmes encompass a comprehensive range of lifelong learning opportunities designed to empower professionals with the knowledge, skills, and competencies necessary to become effective change-makers and leaders in today’s volatile and uncertain business landscape.

For more information on SIM Academy, visit

Continue Reading

Media OutReach

Yeebo Announces Annual Results for FY25/26 Consolidated Revenue Increased by 13.7% to Approximately HK$1,181 Million Profit Attributable to Owners Amounted to Approximately HK$1,951 Million

Published

on

AI Business on the Rise, Revenue Soared by Nearly 2.8 Times Fuelling Future Growth

HONG KONG SAR – Media OutReach Newswire – 1 July 2026 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 00259.HK, which together with its subsidiaries is referred to as the “Group”) announces its annual results for the year ended 31 March 2026 (the “Year”).

The Group recorded a consolidated revenue of approximately HK$1,181.0 million for the Year, representing a year-on-year increase of 13.7%. The Group’s product portfolio comprises Liquid Crystal Displays (“LCDs”), Liquid Crystal Display modules (“LCMs”), Thin Film Transistor modules (“TFTs”), Capacitive Touch Panel modules (“CTPs”) (collectively “Display Business”), as well as artificial intelligence (“AI”)-related products and AI computing services (collectively “AI Business”). During the year under review, revenue for Display Business increased by 2.6% to HK$1,021.7 million. Among which, the contribution of CTPs to the Group’s total revenue has become increasingly significant, reflecting the Group’s progress in expanding into higher value-added product segments. Meanwhile, the AI Business recorded strong growth, with revenue rising significantly by nearly 2.8 times to HK$159.3 million, emerging as a new growth driver. This rapid expansion highlighted the Group’s early success in developing this segment, which is expected to play an increasingly important role in supporting the Group’s long-term revenue and profitability.

For the year ended 31 March 2026, the Group achieved a gross profit of HK$125.9 million. The gross profit margin decreased slightly to 10.7%. This decline was mainly due to the high fixed costs associated with the AI Business. Profit attributable to owners of the Company surged to approximately HK$1,950.6 million, representing a decrease of HK$838.1 million as compared with that for the preceding year. This was primarily due to a non-recurring gain recorded in the preceding year from the disposal of the Group’s entire interests in Nantong Jianghai Capacitor Company Ltd. (“Nantong Jianghai”) (including the deemed disposal of the remaining 13.81% equity interests), which was a former associate of the Group. Basic earnings per share were HK212.7 cents. The board of directors (“Board”) has proposed to recommend the payment of a final dividend of HK5.0 cents per share for the Year.

Commenting on the annual results of the Group, Mr. Fang Yan Tak, Douglas, Chairman of Yeebo, said, “During the year under review, the global business environment remained challenging. Amid geopolitical tensions and macroeconomic uncertainties, Yeebo remained committed to prudent execution, strengthening operational resilience, and focusing on long-term value creation. On one hand, we continued to broaden the application base of our core display business and deepen customer relationships. On the other hand, we made encouraging progress in scaling up our AI business, advancing ecosystem development, and driving commercial deployment. During the Year, the Group continued to increase its investment in AI compute and related businesses, achieving notable results in building a more comprehensive domestic AI compute service platform in Mainland China. Benefiting from the rapid development of the domestic AI compute industry, our AI business delivered strong growth and has increasingly become a key engine driving the Group’s overall development.”

For the Display Business, Yeebo is encouraged by the meaningful progress made in broadening our product offering, reflecting stronger product development capability and deeper engagement with customers. During the Year, the Group successfully secured consistent or first mass production orders across four application segments, namely (i) commercial coffee machines, (ii) automotive, (iii) household appliances and (iv) agricultural and construction machinery, demonstrating the Group’s continued market expansion and laying a solid foundation for robust growth in Display Business going forward.

Regarding to the AI Compute and related business, Yeebo has operated its AI compute and related businesses through its wholly owned subsidiary, Suanova Technology Limited (“Suanova”) over the past few years, and has successfully established itself as a key participant in China’s AI industry value chain. Yeebo continued to step up its investment in AI compute and related businesses during the Year. Its investments into early-stage AI companies, including MetaX Integrated Circuits (Shanghai) Co Ltd (688802.SH), Shanghai Biren Technology Co Ltd (06082.HK) and Shanghai Xizhi Technology Co Ltd (01879.HK), have generated strong and favorable returns.

For the AI Business development, the Group expanded the number of domestic graphics processing unit (“GPU”) clusters operated or managed under the public cloud service model to five, with utilization generally maintained at above 90%. These compute resources supported a broad range of AI for Science (“AI4S”) applications as well as foundation model training and inferencing scenarios. It demonstrated the Group’s increasingly mature capabilities in multi-network architecture compatibility, multi-platform scheduling, layered compute optimization and diversified application deployment. At the same time, the Group began to engage in the integration and delivery of private cloud GPU clusters of different scales and commenced the development of full-stack end-to-end AI solutions, taking initial steps toward becoming a domestic compute service provider with broader and more comprehensive service capabilities.

Over the past year, users of domestic GPU clusters were primarily concentrated in the AI4S field. Through long-term collaboration with leading universities and research institutions (Shanghai Jiao Tong University, Fudan University, Tsinghua University, the Shanghai AI Laboratory, the Shanghai Institute for Advanced Algorithms, Zhejiang University, Hong Kong Polytechnic University, Hong Kong University of Science and Technology, Westlake University etc.), the Group established a strong base of core users for the domestic GPU clusters. The Group progressively expanded the usage of domestic GPU clusters to foundation models and vertical industry-specific models across both training and inferencing. Through investing in selected early-stage AI companies with differentiated core capabilities, the Group further promoted the adoption of domestic GPU clusters. In addition, the Group has also completed the first single domestic GPU cluster training task at the thousand-card scale, further strengthening its leading position in the industry.

The Group believes the long-term strategic importance of domestic compute capabilities remains compelling. Through equity investments, joint research and development and business collaboration, the Group has actively begun to build an integrated ecosystem. Leveraging the AI computing ecosystem, the Group has collaborated closely with various key domestic hardware and software partners to enhance mutual compatibility and achieve synergistic optimization. This further strengthens the Group’s capabilities in computing adaptation and scheduling optimization. Looking ahead, the Group will further accelerate the development of end-to-end domestic AI compute solutions for selected industries, including healthcare, financial services and AI4S, as well as model tools and extensions (such as low bit low resource training and memory OS). By combining relevant AI solutions with integrated domestic AI compute hardware and software, and offering flexible deployment through public cloud or private cloud models, we believe this business is increasingly well positioned to capture the opportunities arising from the continued development of AI.

The Group’s capacitor-related investment interests continued to contribute to the overall strength of the Group’s asset base during the Year. As at 31 March 2026, the Group held 100,600,932 shares in Nantong Jianghai, with a fair value of approximately HK$3.3 billion.

Mr. Fang Yan Tak, Douglas, Chairman of Yeebo, concluded, “Looking ahead, we will continue to refine our product portfolio, elevate production excellence, and optimize our customer structure to sustain our market position in the display market, while exploring new applications for our products across various sectors. We will continue to strengthen its strategic deployment in AI computing, and actively support Suanova in unlocking its technological innovation capabilities and platform potential. We believe that as AI applications continue to expand and deepen, computing power is gradually evolving into a core driving force behind a new wave of industrial upgrading. In the face of the historic opportunities brought by the AI wave, the Group will further intensify its investment in AI business, focusing on high-growth technology companies, and create synergies through collaboration to fully capture the development opportunities arising from the continued expansion of the AI computing market. We firmly believe that by upholding our commitment to technological innovation and continuously deepening ecosystem collaboration, we will sustain a leading position in the intelligent era and deliver long-term, sustainable value to the Group and its shareholders.”

Hashtag: #Yeebo

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

About Yeebo (International Holdings) Limited

Founded in 1988, Yeebo (International Holdings) Limited is a diversified electronic component company with a well-established presence in the global market. The Company’s core business spans flat panel displays, computing power and capacitors, serving a broad spectrum of industrial and consumer applications. Headquartered in Hong Kong, Yeebo operates its manufacturing operations primarily in the Guangdong and Jiangsu provinces, supporting a global sales network that ensures localized service and support for its international clientele.

In alignment with its long-term strategic vision, Yeebo is leveraging its robust operational foundation to expand into the Artificial Intelligence (“AI”) compute and related sectors. This initiative reflects the Company’s commitment to innovation and technological advancement, with the objective of positioning Yeebo as a leading and influential participant in the rapidly evolving AI industry across Chinese Mainland and Hong Kong.

Continue Reading

Trending