Category: Asia Pacific

MIL-OSI Asia-Pac: Quarantine rules for cats, dogs reset

Source: Hong Kong Information Services

The Agriculture, Fisheries & Conservation Department (AFCD) announced today that new quarantine arrangements for cats and dogs imported from the Mainland will be implemented from June 3.

Starting June 3, the Mainland will be included in Group IIIA. This means that cats and dogs imported from the Mainland that meet all the pre-requisites will have their quarantine period significantly reduced from the current 120 days to 30 days upon arrival in Hong Kong.

The new arrangements will facilitate animal owners in bringing their pet cats and dogs from the Mainland to Hong Kong.

Applicants who import such pets from the Mainland must ensure that the animals comply with the requirements of Group IIIA and submit the necessary proof to the AFCD.

The animals must be implanted with a conforming microchip, hold a valid vaccination certificate for rabies and designated infectious diseases, and possess an animal health certificate issued by Mainland official veterinarians.

Furthermore, the animals must obtain satisfactory results from rabies antibody titer testing conducted at an AFCD-approved laboratory on a blood sample taken not less than 90 days and not more than one year before departure.

To ensure strict implementation of the relevant quarantine regulations, the AFCD has agreed with Mainland authorities that Shenzhen Customs veterinarians will issue the animal health certificates in the first phase of implementation.

Detailed requirements for issuing such certificates by the Mainland can be obtained from Shenzhen Customs.

Click here for more details of the quarantine arrangements and the application procedures for importing cats and dogs from the Mainland.

MIL OSI Asia Pacific News –

May 13, 2025
MIL-OSI: Qifu Technology to Hold Annual General Meeting on June 30, 2025

Source: GlobeNewswire (MIL-OSI)

SHANGHAI, China, May 13, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced that it will hold an annual general meeting of shareholders (the “AGM”) at 10:00 a.m. on June 30, 2025 (Beijing time) at the address of 13/F Lujiazui Finance Plaza, No. 1217 Dongfang Road, Pudong New Area, Shanghai 200122, People’s Republic of China for the purposes of considering and, if thought fit, (i) changing the Company’s English name from “Qifu Technology, Inc.” to “Qfin Holdings, Inc.”; (ii) adopting an amended and restated memorandum and articles of association of the Company; (iii) re-appointing Deloitte Touche Tohmatsu Certified Public Accountants LLP as the auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix their remuneration for the year ending December 31, 2025; and (iv) re-electing Mr. Xiangge Liu as a director of the Company at this annual general meeting and retain office until his retirement pursuant to the Company’s memorandum and articles of association.

The board of Directors of the Company has fixed the close of business on May 27, 2025, Hong Kong time, as the record date (the “Shares Record Date”) of the Company’s Class A ordinary shares with a par value of US$0.00001 each (the “Class A Ordinary Shares”). Holders of record of the Class A Ordinary Shares as of the Shares Record Date are entitled to attend and vote at the AGM and any adjourned meeting thereof.

Holders of record of the Company’s American Depositary Shares (the “ADSs”) as of the close of business on May 27, 2025, New York time, who wish to exercise their voting rights for the underlying Class A Ordinary Shares represented by their ADSs must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, if the ADSs are held by holders on the books and records of the Depositary or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders.

The notice of the AGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting, is available on the Company’s website at: https://ir.qifu.tech.

About Qifu Technology

Qifu Technology is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

For more information, please visit: https://ir.qifu.tech.

Safe Harbor Statement

Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

Qifu Technology
E-mail: ir@360shuke.com

The MIL Network –

May 13, 2025
MIL-OSI Economics: Secretary-General of ASEAN visits the National Library of New Zealand in Wellington

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the National Library of New Zealand, in Wellington. Established in 1965, the National Library of New Zealand serves to enrich the cultural and economic life of New Zealand and its interchanges with other nations. SG Dr. Kao commended its impressive collection as well as commitment to preserving documentary heritage, academic knowledge and literature for future generations.

The post Secretary-General of ASEAN visits the National Library of New Zealand in Wellington appeared first on ASEAN Main Portal.

MIL OSI Economics –

May 13, 2025
MIL-OSI Economics: Secretary-General of ASEAN meets with Minister of Defence of New Zealand

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with the Minister of Defence of New Zealand, The Hon. Judith Collins KC,in Wellington, New Zealand. Both sides exchanged views on the ASEAN-New Zealand cooperation in the defence sector, especially under the ASEAN Defence Ministers’ Meeting Plus (ADMM-Plus). Both sides looked forward to meeting each other again in the upcoming ADMM-Plus, in Malaysia, later this year.

The post Secretary-General of ASEAN meets with Minister of Defence of New Zealand appeared first on ASEAN Main Portal.

MIL OSI Economics –

May 13, 2025
MIL-OSI Economics: Secretary-General of ASEAN meets with Minister for Climate Change of New Zealand

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, today had a bilateral meeting with The Hon. Simon Watts, Minister for Climate Change of New Zealand. Both sides discussed the cooperation between ASEAN and New Zealand on climate action and various environmental issues, contributing to the development of ASEAN-New Zealand Plan of Action 2026-2030, among others.

The post Secretary-General of ASEAN meets with Minister for Climate Change of New Zealand appeared first on ASEAN Main Portal.

MIL OSI Economics –

May 13, 2025
MIL-OSI United Kingdom: UK Government Overseas Network to Sell Scotland Around the World
Source: United Kingdom – Government Statements

News story

UK Government Overseas Network to Sell Scotland Around the World

Scottish Secretary drives forward Brand Scotland with new campaign fund.
The UK Government’s drive to sell Brand Scotland around the world will get a boost with the launch of a new fund for overseas campaigns.

The Scottish Secretary, Ian Murray, is offering the UK’s international network grants of up to £20,000 for innovative and creative activities to market Scotland overseas.

One of Ian Murray’s priorities at the Scotland Office is Brand Scotland – promoting Scottish goods and services overseas and encouraging inward investment in Scotland. This is a key part of the UK Government’s Plan for Change.

The US and India free trade agreements signed last week show just how popular Scottish products are overseas. The India deal slashed tariffs for Scotch – great news for our whisky producers who want to expand their overseas markets.

This new fund will complement an extensive programme of overseas visits planned for Scotland Office ministers over the year, following on from Ian Murray’s recent successful trips to Norway, Malaysia, Singapore, Washington and New York.

Scottish Secretary Ian Murray said:

“Brand Scotland is a fantastic opportunity to promote all that is great about Scotland around the world, and show investors the opportunities of Scotland. Through the Foreign, Development and Commonwealth Office, the UK has an extensive overseas network, which works day in day out to promote our country. This exciting new fund will boost the overseas network’s ability to promote Scotland and all it has to offer in many key markets. Brand Scotland is a key part of the UK Government’s Plan for Change, to boost growth and put more money in people’s pockets.”

Foreign Secretary David Lammy said:

“The UK-India free trade deal slashing whisky export tariffs is a prime example of how the UK Government is unlocking growth opportunities to deliver for people in every corner of the country, as part of our Plan for Change.

“The Foreign, Commonwealth & Development Office is looking forward to showcasing Brand Scotland around the world as part of our mission to turbo charge the economy and put more money back in people’s pockets.

“Kickstarting economic growth is in this government’s DNA so my diplomats will be working tirelessly to shout about everything Scotland has to offer, not least its world-beating food and drink.”

Brand Scotland leverages Scotland’s unique cultural assets and the UK’s soft power. The UK Government’s overseas network will have the opportunity to bid for funds. Projects will support Scotland-focused trade missions and trade events. We expect bids to be creative and go beyond ‘business as usual’.

Bids will be assessed on their ability to deliver measurable outcomes and foster long-term relationships with stakeholders in host countries. Bids will be reviewed by officials from the Scotland Office, FCDO, and the Department for Business and Trade – with the Scotland Office giving final sign-off.

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Published 13 May 2025
MIL OSI United Kingdom –
May 13, 2025
MIL-OSI Asia-Pac: Results of monthly survey on business situation of small and medium-sized enterprises for April 2025

Source: Hong Kong Government special administrative region

The Census and Statistics Department (C&SD) released today (May 13) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for April 2025.

The current diffusion index (DI) on business receipts amongst SMEs decreased from 43.5 in March 2025 in the contractionary zone to 41.2 in April 2025, whereas the one-month’s ahead (i.e. May 2025) outlook DI on business receipts was 43.6. Analysed by sector, the current DIs on business receipts for majority of the surveyed sectors dropped in April 2025 as compared with previous month, particularly for the import and export trades (from 45.1 to 40.2) and business services (from 48.4 to 45.3).

The current DI on new orders for the import and export trades decreased from 46.6 in March 2025 to 42.0 in April 2025, whereas the outlook DI on new orders in one month’s time (i.e. May 2025) was 43.8.

Commentary

A Government spokesman said that business sentiment among SMEs and their outlook in one month’s time both weakened in April, as the headwinds and uncertainties in the external environment increased sharply after the United States (US) announced significant increases in import tariffs last month. The overall employment situation also softened.

Looking ahead, while trade tensions have eased somewhat of late, the uncertainty of US’ trade policy will still affect the economic outlook and business sentiment. The Government will continue to monitor the situation closely.

Further information

The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.

The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.

More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).

Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk).

MIL OSI Asia Pacific News –

May 13, 2025

MIL-OSI Asia-Pac: Exchange Fund Bills tender results

Source: Hong Kong Government special administrative region

Exchange Fund Bills tender results

Tender date*”Pro rata ratio” refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the “highest yield accepted” level.

———————————————————

Hong Kong Monetary Authority tenders to be held in the week beginning May 19, 2025:

Tender dateIssued at HKT 17:20

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MIL OSI Asia Pacific News –

May 13, 2025

MIL-OSI Asia-Pac: Tender results of 2-year RMB HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of 2-year RMB HKSAR Institutional Government Bonds
A total of RMB1.5 billion 2-year Government Bonds were offered today. A total of RMB11.905 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.94. The average price accepted is 100.14, implying an annualised yield of 1.643 per cent.
Tender results of 2-year RMB HKSAR Institutional Government Bonds:

Tender Date* Calculated as the amount of bonds applied for over the amount of bonds issued.

Note: The yields stated above are annualised yields. For reference, the semi-annualised yields corresponding to the average price accepted, lowest price accepted, and average tender price are 1.637 per cent, 1.654 per cent, and 1.747 per cent respectively.
Issued at HKT 17:24

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MIL OSI Asia Pacific News –

May 13, 2025

MIL-OSI Asia-Pac: Tender results of 5-year RMB HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of 5-year RMB HKSAR Institutional Government Bonds
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 5-year RMB institutional Government Bonds (issue number 05GB3005001) under the Infrastructure Bond Programme was held today (May 13).

A total of RMB1.5 billion 5-year Government Bonds were offered today. A total of RMB10.753 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 7.17. The average price accepted is 101.46, implying an annualised yield of 1.672 per cent.

HKSAR Institutional Government Bonds Tender Results

Tender results of 5-year RMB HKSAR Institutional Government Bonds:

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Tender DateIssued at HKT 17:25

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MIL OSI Asia Pacific News –

May 13, 2025
MIL-OSI Asia-Pac: Tender results of 10-year RMB HKSAR Institutional Government Bonds

Source: Hong Kong Government special administrative region

Tender results of 10-year RMB HKSAR Institutional Government Bonds
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced that a tender for 10-year RMB institutional Government Bonds (issue number 10GB3505001) under the Infrastructure Bond Programme was held today (May 13).

A total of RMB1.0 billion 10-year Government Bonds were offered today. A total of RMB6.814 billion tender applications were received. The bid-to-cover ratio, i.e. the ratio of bonds applied for to bonds issued, is 6.81. The average price accepted is 101.91, implying an annualised yield of 2.088 per cent.

HKSAR Institutional Government Bonds Tender Results

Tender results of 10-year RMB HKSAR Institutional Government Bonds:

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Tender DateIssued at HKT 17:26

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MIL OSI Asia Pacific News –

May 13, 2025
MIL-OSI Economics: APEC Backs Global Push for WTO Investment Facilitation for Development Agreement Jeju, Republic of Korea | 13 May 2025 Issued by the Committee on Trade and Investment and the Investment Experts’ Group APEC member economies have expressed collective support for the Investment Facilitation for Development (IFD) Agreement, calling for its integration into the World Trade Organization (WTO) legal framework.

Source: APEC – Asia Pacific Economic Cooperation

With cross-border investment facing growing barriers and uncertainty, APEC member economies have expressed collective support for the Investment Facilitation for Development (IFD) Agreement, calling for its integration into the World Trade Organization (WTO) legal framework.

The agreement aims to improve transparency, streamline procedures and create a more predictable environment for investors, particularly in developing economies.

Meeting in Jeju during the Second APEC Senior Officials’ Meeting and Related Meetings, the Committee on Trade and Investment and the Investment Experts’ Group issued a joint statement encouraging broader participation in the IFD Agreement and its incorporation into the WTO legal framework.

“The IFD Agreement has significant potential to improve the investment and business climate across the world, reducing the cost of investment and making it easier for investors in all sectors to operate, expand and contribute to economic growth,” said Christopher Tan, Chair of the APEC Committee on Trade and Investment.

Tan noted that the IFD Agreement will contribute to the Putrajaya Vision 2040’s goal of delivering a transparent and predictable trade and investment environment in the Asia Pacific Region, and further the region’s interest to attract and sustain investment.

“Incorporating the IFD Agreement into the WTO framework would be a major step forward for global trade and investment, and a win for the region,” he added.

The joint statement further reinforces the newly updated Investment Facilitation Action Plan (IFAP) 2025, underscoring APEC economies’ shared recognition of the IFD Agreement as a key driver in advancing the region’s investment goals.

“The effective implementation of the IFD Agreement has the potential to significantly boost investment flows, foster inclusive economic growth and narrow the development gap between economies,” said Faizal Mohd Yusof, Convenor of the APEC Investment Experts’ Group.

“It is essential that we sustain momentum toward integrating this Agreement into the WTO framework, ensuring that all economies, regardless of their level of development, can fully benefit,” he concluded.

Read the Statement of the APEC Committee on Trade and Investment, together with the APEC Investment Experts’ Group Supporting the Investment Facilitation for Development Agreement here.

For more information or media inquiries, please contact:
[email protected]

MIL OSI Economics –

May 13, 2025
MIL-OSI Russia: Uzbekistan and the European Union will continue a systematic and constructive dialogue on Afghan settlement issues

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

Tashkent, May 13 /Xinhua/ — Special Representative of the President of Uzbekistan for Afghanistan Ismatulla Irgashev met with the EU Special Representative for Central Asia Eduard Stiprais, Dunyo news agency reported on Tuesday.

According to the Ministry of Foreign Affairs of Uzbekistan, current issues of regional security, the situation in Afghanistan and prospects for deepening cooperation between Uzbekistan and the EU were discussed during the talks.

The parties reportedly confirmed their mutual interest in continuing a systemic and constructive dialogue on Afghan settlement issues and agreed to maintain regular consultations. –0–

MIL OSI Russia News –

May 13, 2025
MIL-OSI Russia: The number of Chinese tourists visiting Cambodia’s Angkor Park increased by 29 percent in the first four months of the year.

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

PHNOM PENH, May 13 (Xinhua) — The number of Chinese tourists visiting Cambodia’s famous Angkor archaeological park has increased significantly in the first four months of 2025, an official statement said Monday.

A total of 36,368 Chinese tourists visited Angkor Park between January and April this year, up 29 percent from the same period last year (28,172 people), according to a report by state-owned Angkor Enterprise.

China ranked fourth in the number of tourists visiting Angkor, behind the United States, France and Britain, the report added.

According to the report, about 474,810 foreigners from 171 countries and regions visited the ancient park in the first four months of this year, bringing gross ticket revenue to US$22.2 million.

With 2025 declared the Cambodia-China Year of Tourism, a significant influx of Chinese tourists to the Angkor Archaeological Park is expected, said Thong Mengdavid, a lecturer at the Institute of International Studies and Public Policy at the Royal University of Phnom Penh.

“The growth is likely to be driven by increased bilateral cooperation, promotional campaigns and increased accessibility through direct flights and group tour packages,” he told Xinhua. -0-

MIL OSI Russia News –

May 13, 2025
PM Modi congratulates students on CBSE class 10 and 12 results, encourages those disappointed by scores

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi on Tuesday congratulated all students who successfully cleared the CBSE Class 10 and 12 Board Examinations, lauding their determination, discipline, and hard work.

In a message shared on the social media platform X, the Prime Minister wrote,

“Heartiest congratulations to everyone who has cleared the CBSE Class XII and X examinations! This is the outcome of your determination, discipline and hard work. Today is also a day to acknowledge the role played by parents, teachers, and all others who have contributed to this feat.”

Extending his best wishes to the students, whom he affectionately refers to as ‘Exam Warriors’, the Prime Minister said,

“Wishing Exam Warriors great success in all the opportunities that lie ahead!”

Addressing students who may be disheartened by their scores, Modi offered words of reassurance and encouragement:

“To those who feel slightly dejected at their scores, I want to tell them: one exam can never define you. Your journey is much bigger, and your strengths go far beyond the mark sheet. Stay confident, stay curious because great things await.”

The CBSE declared the Class 12 and 10 results earlier in the day, with a pass percentage of 88.39% and 93.66% respectively. Over 42 lakh students appeared for the board exams held between February and April this year.

May 13, 2025
CAR-T cell therapy linked to mild ‘brain fog’, stanford study finds

Source: Government of India

Source: Government of India (4)

While CAR-T cell therapy has shown promise in treating cancer, it may also lead to side effects such as “brain fog,” which includes forgetfulness and difficulty concentrating, according to a new study.

CAR-T cell therapy is a form of immunotherapy in which a patient’s immune cells—T cells—are genetically engineered and infused back into the bloodstream to help recognize and destroy cancer cells more effectively.

The study, led by a team from Stanford University and published in the journal Cell, revealed that CAR-T cell therapy can cause mild cognitive impairments, independent of other cancer treatments.

Notably, the underlying mechanism appears to be the same as that seen in cognitive impairments caused by chemotherapy and respiratory infections such as influenza and COVID-19.

“CAR-T cell therapy is enormously promising. We are seeing long-term survivors after CAR-T cell treatment for aggressive cancers—patients who would otherwise not have survived,” said Michelle Monje, Professor of Pediatric Neuro-Oncology at Stanford Medicine.

“But we need to understand all its potential long-term effects, including this newly recognised syndrome of immunotherapy-related cognitive impairment, so we can develop treatments to address it,” Monje added.

In the study, researchers induced tumours in mice—in the brain, blood, skin, and bone—to examine how tumor location and the immune response triggered by CAR-T cells influenced cognition.

Standard cognitive tests, including object recognition and maze navigation, were used to evaluate the mice before and after treatment.

The findings showed that mild cognitive impairment occurred in mice with cancers located inside the brain, spreading to the brain, and even in those with tumors completely outside the brain. The only group that did not show cognitive issues were mice with bone cancer that caused minimal inflammation beyond the immune activity of the CAR-T cells.

The researchers identified the brain’s immune cells, called microglia, as central to this side effect.

Importantly, the study also proposed strategies to reverse these cognitive effects. The researchers said medications targeting brain fog could support better recovery for patients undergoing cancer immunotherapies.

—IANS

May 13, 2025
Heavy rainfall likely in Tamil Nadu from Wednesday: Weather department

Source: Government of India

Source: Government of India (2)

The Regional Meteorological Centre (RMC) in Chennai has forecast a significant increase in rainfall activity across Tamil Nadu starting Wednesday, May 14, with heavy showers expected to lash districts along the Western Ghats and interior regions for at least three consecutive days.

Until then, large parts of Tamil Nadu and Puducherry are expected to endure intense heat, with daytime temperatures remaining 2–3°C above normal. High humidity levels, especially in Chennai, are likely to add to public discomfort. A slight dip in temperatures is anticipated beginning Wednesday.

On Monday, Madurai airport recorded the highest temperature in the State at 41°C, while Erode and Karur Paramathi also crossed the 40°C mark, reflecting the prevailing heatwave conditions across several districts.

The RMC attributed the anticipated rainfall to pre-monsoon developments over the south Arabian Sea and the Bay of Bengal.

According to B. Amudha, Head (Additional In-Charge), RMC Chennai, cloud formation is intensifying over the south Arabian Sea, Maldives, Comorin area, south Bay of Bengal, and Andaman and Nicobar Islands, which may trigger showers across Tamil Nadu and parts of Kerala.

Based on dynamic weather models, districts along the Western Ghats—including Nilgiris, Coimbatore, Tiruppur, Dindigul, Erode, Dharmapuri, Krishnagiri, Tirupattur, Salem, and Tiruvannamalai—are likely to experience heavy rainfall on May 14. Isolated showers may persist in Tirupattur and Krishnagiri through Thursday and Friday.

The RMC has predicted scattered rainfall across the State till May 18, accompanied by occasional thunderstorms and gusty winds reaching 40–50 kmph in some regions.

The Southwest Monsoon, expected to arrive over Kerala around May 27, is likely to further enhance rainfall activity in Tamil Nadu. Both cloud systems—over the Arabian Sea and Bay of Bengal—will be closely monitored for signs of monsoon progression, Amudha added.

(With IANS inputs)

May 13, 2025
True Empowerment Is Made Possible By Hand-Holding Individuals: Vice-President

Source: Government of India

Source: Government of India (2)

Balanced Economic Development and Societal Growth Happen When Women Come Forward: Vice-President
North East Is Our Jewel, States the Vice-President
Our Tribal Culture Is Resplendent; Our Tribal Culture Is Our Wealth, Says the VP
Visionary Leadership Catalyzes Officials to Act in the Right Direction, Stresses the VP
Vice-President Interacts With Self Help Group Members of Meghalaya in New Delhi

The Vice-President of India, Shri Jagdeep Dhankhar today said, “To empower the pocket of a person by freebies, by doles, is not true empowerment. True empowerment is that you hand-hold the person so that the person gets himself or herself empowered. That brings joy, that brings satisfaction, that gives you inner strength, and also makes you pride of your families.”

https://twitter.com/VPIndia/status/1922201261748756553

Addressing members of Self Help Groups (SHGs) of Meghalaya representing Garo Hills, Khasi Hills and Jaintia Hills regions in New Delhi today, Shri Dhankhar said, “North East part of our country is our jewel. In 90s, that is about three decades ago, the Government of India had a policy and that policy was ‘Look East’. Prime Minister Narendra Modi gave an additional dimension to this policy – ‘Look East’ to ‘Act East’. And that action has taken place very effectively. Meghalaya let me tell you, is heaven for tourists. Bountiful gift of nature.”

https://twitter.com/VPIndia/status/1922191927857836539

Highlighting the progress made under the ‘Look East, Act East’ policy, the Vice-President emphasized that Meghalaya holds immense potential in tourism, mining, IT, and services. He lauded the state’s achievements in economic growth and women’s empowerment, crediting visionary leadership at both the Centre and the state level.

https://twitter.com/VPIndia/status/1922193027499446304

The Vice-President praised the decade-long governance reforms and development achieved under Prime Minister Narendra Modi’s leadership, stating, “It is the visionary leadership that catalyzes the officials to act in the right direction. Fortunately in our country this is happening for last decade and it is happening in your state also. Under the visionary leadership of Prime Minister Modi, the country in last decade has achieved milestones that are envy of the world in economy, infrastructure, technology, and women development, women empowerment. Our Tribal Culture Is Resplendent; Our Tribal Culture Is Our Wealth”

Commending the state’s economic progress, the Vice-President noted, “Economy of a state is determined by gross state domestic product, GSDP. And for that the state of Meghalaya has seen a rise of 13%. 13% rise year to year is very greatly commendable. Congratulations to the Chief Minister for his deep commitment to improve the economy of the state. And right now, it is projected to be more than 66,000 crores. Meghalaya is a large state when it comes to heart, but otherwise geographically not that large. But size of your economy is good. You’ve set a great target. And your target is the state is aiming for $10 billion economy by 2028.”

Reflecting on the importance of inclusive growth, the Vice-President expressed, “The state has enormous talent, enormous potential in tourism, in mining, in IT, in service sector. But what is more important is, human resource must be nurtured. Human resource must be independent. And in that category also, societal growth, economic development is balanced when women come forward. I am so happy and delighted that both with respect to the revolving fund and the number, is a tenfold increase.”

https://twitter.com/VPIndia/status/1922193732461592885

Shri Conrad Sangma, Chief Minister of Meghalaya, and other dignitaries were also present during the interaction.

May 13, 2025
MIL-OSI USA: DCCA NEWS RELEASE: DCCA DISCIPLINARY ACTIONS (THROUGH APRIL 2025)

Source: US State of Hawaii

DCCA NEWS RELEASE: DCCA DISCIPLINARY ACTIONS (THROUGH APRIL 2025)

Posted on May 12, 2025 in Latest Department News, Newsroom

STATE OF HAWAIʻI

KA MOKU ʻĀINA O HAWAIʻI

JOSH GREEN, M.D.

GOVERNOR

KE KIAʻĀINA

KA ʻOIHANA PILI KĀLEPA

NADINE Y. ANDO

DIRECTOR

KA LUNA HOʻOKELE

DENISE P. BALANAY

SENIOR HEARINGS OFFICER

DCCA DISCIPLINARY ACTIONS

(Through April 2025)

May 12, 2025

HONOLULU – The state Department of Commerce and Consumer Affairs (DCCA) and its respective state Boards and Commissions released a summary of disciplinary actions through the month of April 2025, taken on individuals and entities with professional and vocational licenses in Hawai‘i. These disciplinary actions include dispositions based upon either the results of contested case hearings or settlement agreements submitted by the parties. Respondents enter into settlement agreements as a compromise to claims and to conserve on the expenses of proceeding with an administrative hearing.

The DCCA and the Boards and Commissions are responsible for ensuring those with professional and vocational licenses are performing up to the standards prescribed by state law.

Respondent:      Leah R. Swift

Case Number:   RNS 2024-29-L

Sanction:            Voluntary license surrender

Effective Date: 4-3-25

RICO alleges that on April 16, 2024, the Board issued Respondent a license subject to conditions, including compliance with a one-year monitoring agreement with Pu‘ulu Lapa‘au, and that Respondent is not in compliance with the one-year monitoring program, in potential violation of HRS § 457-12(a). (Board approved Settlement Agreement.)

Respondent:     Express Scripts Pharmacy, Inc. dba Express Scripts

Case Number: PHA 2024-20-L

Sanction:            $500 fine

Effective Date: 2-27-25

RICO alleges that Respondent was disciplined by the state of Michigan, in potential violation of HRS § 436B-19(13). (Board approved Settlement Agreement.)

Respondents:   Anchor Properties HI, LLC and Nathan V. Wong

Case Number: REC 2024-373-L

Sanction:            $1,000 fine

Effective Date: 4-25-25

RICO alleges that Respondents, as managing agent for Hanohano Hale, received a request for condominium association records, and that fulfillment of the request took longer than 30 days without proper response as to the reason for the delay, in potential violation of HRS § 514B-154.5(c). (Commission approved Settlement Agreement.)

Respondent:     Brandon Ray Holmes

Case Number: REC 2024-408-L

Sanction:            $1,500 fine

Effective Date: 4-25-25

RICO alleges that on August 1, 2024, Respondent was convicted of Driving under the Influence in the District Court of the Second Circuit, in potential violation of HRS § 436B-19(12).(Commission approved Settlement Agreement.)

Respondent:     Alex G. Ramos dba Triple A Electrical Service

Case Number: CLB 2022-481-L

Sanction:            $10,000 fine

Effective Date: 4-25-25

RICO alleges that Respondent aided and abetted an unlicensed contractor by pulling permits for the unlicensed contractor on many projects, in potential violation of HRS § 444-9.3.(Commission approved Settlement Agreement.)

BusinessCheck is an online platform designed to serve as a comprehensive resource for researching licensed professionals. This tool empowers users to verify licenses, review complaint histories and discover when a business was established, all in one place. Please visit businesscheck.hawaii.gov to verify a professional’s license status, confirming their qualifications, compliance with regulations and accountability to a governing body.

# # #

Media Contact:

Communications Office

Department of Commerce and Consumer Affairs

Phone: 808-586-2760

Email: [email protected]

MIL OSI USA News –

May 13, 2025
MIL-OSI USA: News Release – DOH Cites Petroleum Company for Hazardous Waste Violations
Source: US State of Hawaii

News Release – DOH Cites Petroleum Company for Hazardous Waste Violations

Posted on May 12, 2025 in Latest Department News, Newsroom

STATE OF HAWAIʻI

KA MOKU ʻĀINA O HAWAIʻI

DEPARTMENT OF HEALTH

KA ʻOIHANA OLAKINO

JOSH GREEN, M.D.
GOVERNOR

KE KIA‘ĀINA

KENNETH S. FINK, M.D., MGA, MPH
DIRECTOR

KA LUNA HO‘OKELE

DOH CITES PETROLEUM COMPANY FOR HAZARDOUS WASTE VIOLATIONS

FOR IMMEDIATE RELEASE

May 12, 2025 25-050

HONOLULU — The Hawai‘i Department of Health (DOH) has issued a Notice of Violation and Order (NOVO) against Par Hawaii Refining (Par) for violating the state’s hazardous waste management laws. Par has been cited for the following:
- Illegal disposal of hazardous waste at a facility not permitted to dispose of hazardous waste,
- Failure to make a hazardous waste determination, and
- Failure to use a uniform hazardous waste manifest for transportation of hazardous waste.
The Utah Department of Environmental Quality (UDEQ) provided information to DOH from the receiving landfill located in Utah. The information indicates that Par shipped six drums of waste to the non-hazardous waste landfill as “Non-Department of Transportation (DOT)-Regulated (Neutralized Acid Solid)” and “Non-DOT Regulated (Acid Solid Residue).” However, analytical test results later revealed that the waste was hazardous waste due to the toxicity of its chromium content.

The NOVO alleges that Par failed to make a proper hazardous waste determination because it shipped the waste before receiving analytical results that showed it was a hazardous waste. The regulations require hazardous waste to be shipped using a uniform hazardous waste manifest to facilities permitted to properly treat, store, or dispose of hazardous waste. The NOVO alleges that Par failed to ship the waste using the correct manifest and failed to properly dispose of the waste at a permitted hazardous waste facility.

Par has been assessed a fine of $169,500 for the three violations. In addition to paying the penalty, Par has been ordered to undertake corrective actions, including but not limited to training its employees, to correct the violations. Par has 20 days to respond to the order.

To protect Hawai‘i from pollutants that endanger people and the environment, the DOH regulates the generation, transportation, treatment, storage and disposal of hazardous waste. The DOH Solid & Hazardous Waste Branch promotes pollution prevention and waste minimization, develops partnerships with waste generators and the regulated community, guides the rehabilitation of contaminated lands and aggressively enforces environmental laws.

# # #

Media Contact:

Kristen Wong

Information Specialist

Hawaiʻi State Department of Health

Mobile: 808-953-9616

MIL OSI USA News –
May 13, 2025
MIL-Evening Report: Sussan Ley makes history, but faces unprecedented levels of difficulty

Source: The Conversation (Au and NZ) – By Mark Kenny, Professor, Australian Studies Institute, Australian National University

As if by visual metaphor, Sussan Ley’s task seemed both obvious and impossible in her first press conference as the new Liberal leader.

Three years ago this month, Ley had done something uncannily similar to what Ted O’Brien was doing now. Then, it had been her standing next to Peter Dutton as his dutiful deputy. The freshly installed pair talked a big game about the contest ahead, assured of the urgency of their mission and the potency of their message.

Ley had enthusiastically supported Dutton’s leadership. But now in 2025, it was Ley fronting the press, this time as the new leader following the catastrophic rejection of that Dutton-Ley project, the Liberal Party’s worst ever defeat.

It was the inexperienced O’Brien at her side, newly elected as her bright-eyed second in command.

Policy rethink?

Sharpening the metaphor, it had been O’Brien who had acted as chief design architect and salesperson for one of the Coalition’s most expensive yet unloved policies in the May 2025 election – nuclear power stations, government built and operated.

Back in 2022, Dutton’s task had seemed difficult, but success was far from unimaginable as he faced a new Labor government elected with a record-low primary vote and a tiny two-seat majority.

Ley’s degree of difficulty three years hence is some orders of magnitude greater, not least because of O’Brien’s nuclear energy policy – which will be high on the list of policies to be reviewed, and presumably ditched, if a Liberal recovery is to occur.

Stripping away unhelpful policy that is nonetheless beloved in sections of the party’s conservative and right wing base, is a threshold challenge for Ley – one of a panoply of traps and trying circumstances she confronts.

Ley’s challenges

First, there’s the simple maths given the Coalition now trails the Labor Party by a staggering 50-plus seats.

Few observers think the Coalition can seriously compete for government at the 2028 election. Thus, Ley needs to keep hope alive among Liberal mps and senators, even when the prize of power seems two terms away.

Then there’s her task of leading the Liberal Party back to the political centre-ground or as she puts it, meeting Australian voters “where they are”. This seems like politics 101. Yet she faces many internal sceptics.

Leadership tightrope

At 29 votes to 25, Ley’s victory against a more right-wing candidate, Angus Taylor was narrow and reportedly relied on the votes of senators whose terms end on June 30.

In other words, even her current majority could evaporate.

It is worth remembering that by December 2009, just two years after the Howard government ended, the Liberal Party was already on to its third opposition leader.

Doing it her way

So what effect will she have on the Liberal Party? In her first press conference she gave several clues.

In contradistinction to Dutton, who avoided Parliament House press conferences and searching interviews, Ley gave a crisp three word answer when asked if she would front up to these rituals of public accountability – “yes, I will”.

She promised to make tax reform and economic policy the “core business” of the party she leads.

There was also a marked, if measured, departure from the bombastic declarative culture war politics of Dutton on matters like standing in front of the Aboriginal flag and welcome to country ceremonies at public events. On both, she expressed a more pragmatic acceptance:

If it’s meaningful, if it matters, if it resonates, then it’s in the right place and as environment minister and health minister I listened carefully and participated in Welcome to Country ceremonies. If it’s done in a way that is ticking a box on a Teams meeting then I don’t think it is relevant.

On other matters, she noted pointedly that RG Menzies had founded the party as the “Liberal” party not the conservative party, while acknowledging a breadth of alternative opinions among her parliamentary colleagues:

Our Liberal Party reflects a range of views from all walks of life that are welcome in our party room and that is one of our great strengths.

Ley the history-maker

That Ley is the first ever woman to lead the federal Liberal Party will pose potential challenges.

To pretend that gender stereotyping will play no role in any undermining by internal critics and media would be to ignore history.

Asked about the exodus of female voters from the Coalition at the election, Ley said, “We did let women down, there is no doubt about that,” as she expressed the need for “genuine, serious” engagement:

I want to say right here and now we need more women in our party. We need more women in the organisation, and we need more women in this party room.

However, she pointedly stopped short of backing affirmative action quotas in the Liberal Party even as she called for more women in the parliament.

Gaza about-face

Perhaps the most telling “real-time” demonstration of the uneasy balance she hopes to achieve as leader of a party that has shifted markedly to the right, was when she as was asked about the Israel-Gaza question.

As a former member of a cross party group called Parliamentary Friends of Palestine, Ley had implored parliament in 2008 to “think not of the Palestinian leadership, think of the people”.

She had described Gaza as “besieged, contained, and on the brink of starvation” while warning that a “crushing economic embargo feeds fury and resentment” both in Gaza and the West Bank:

Israel has many friends in this country and in this parliament. The Palestinians, by comparison, have few. Theirs is not a popular cause […] but it is one I support.

Asked about her view now, Ley felt the need to circle back to stress her principle concern over the rising tide of antisemitism in Australia. She now says the “hideous events” of October 7 has changed her thinking on the matter.

Gaza has given Sussan Ley an early lesson on the difficulties leaders face when it comes to straddling highly contentious issues.

Mark Kenny does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Sussan Ley makes history, but faces unprecedented levels of difficulty – https://theconversation.com/sussan-ley-makes-history-but-faces-unprecedented-levels-of-difficulty-256336

MIL OSI Analysis – EveningReport.nz –

May 13, 2025
Three terrorists killed in J&K gunfight

Source: Government of India

Source: Government of India (4)

Three terrorists were killed on Tuesday in a gunfight with the joint forces in Keller area of Jammu and Kashmir’s Shopian district.

Joint forces had launched a Cordon and Search Operation (CASO) in the Shukroo Keller area of Shopian district after intelligence inputs said that a group of terrorists was hiding there.

When challenged, the terrorists fired, after which an encounter started during which three terrorists were killed. The operation is continuing in the area, police said.

The Indian Army, in a statement, said that based on specific intelligence about the presence of terrorists in Shoekal Keller, a search and destroy Operation was launched.

During the operation, terrorists opened heavy fire, and fierce firefight ensued, which resulted in the elimination of three hardcore terrorists, it added.

“Operation is in progress,” the Indian Army said.

https://x.com/adgpi/status/1922191034177753182

(IANS)

May 13, 2025
CBSE class 10 results 2025 declared; girls lead once again with 95% pass rate

Source: Government of India

Source: Government of India (4)

In a swift move following the declaration of Class 12 results earlier in the day, the Central Board of Secondary Education (CBSE) announced the Class 10 Board Exam results for 2025 on Tuesday.

This year, an impressive 93.66% of over 23 lakh students cleared the examination, which was conducted at 7,837 centres across 26,675 affiliated schools in India and abroad.

Girls once again outshone boys, registering a pass percentage of 95%, reaffirming a consistent trend of academic excellence among female students.

Among regions, Thiruvananthapuram, Vijayawada, and Bengaluru emerged as top performers. Delhi secured the seventh position, while Guwahati ranked lowest in terms of pass percentage.

Students can access their results via the official CBSE websites — cbse.gov.in, cbseresults.nic.in, and results.cbse.nic.in. Results are also available on DigiLocker, the UMANG app, and through IVRS.

To facilitate access, CBSE has sent DigiLocker credentials via SMS to students’ registered mobile numbers, enabling them to download digitally verified mark sheets and certificates.

To view their results, students must enter their roll number, admit card ID, school code, and date of birth. A minimum of 33% marks in each subject (both theory and practical) is required to pass. Students falling just short may be awarded grace marks in line with board policy.

Earlier in the day, CBSE released Class 12 results, with a pass percentage of 88.39%, marking a 0.41% increase over last year.

Supplementary examinations for both Classes 10 and 12 will be held in the first or second week of July 2025, based on the same syllabus as the main exams.

In a notable reform, CBSE has implemented a Relative Grading system from the 2024–25 academic session, replacing the previous fixed grading scale. This new system evaluates students’ performance in relation to their peers, aimed at reducing academic pressure and unhealthy competition.

The 2025 CBSE Board Exams, held between February 15 and April 4, saw participation from over 42 lakh students. Class 10 exams concluded on March 18, while Class 12 exams ended on April 4.

CBSE remains India’s largest school examination board and the second-largest public examination system. It offers 204 subjects across Classes 10 and 12 and operates in countries ranging from Japan to Ghana.

(With IANS inputs)

May 13, 2025
MIL-OSI China: Meituan to launch Keeta in Brazil, pledges $1B investment

Source: People’s Republic of China – State Council News

Photo taken on Sept. 1, 2022 shows an unmanned delivery vehicle at the booth of Meituan at the 2022 China International Fair for Trade in Services (CIFTIS) in Beijing, capital of China. [Photo/Xinhua]

Chinese on-demand service leader Meituan said on Monday it will invest $1 billion in Brazil over the next five years and launch its food delivery brand Keeta there in the coming months, marking its latest push in going global.

Meituan’s announcement came during a China-Brazil business seminar held in Beijing on Sunday, co-hosted by ApexBrasil and several other trade authorities.

“Brazil is a huge market with great potential,” said Wang Xing, founder and CEO of Meituan. “Keeta aims to enhance the consumer experience, support the growth of local restaurants, and create more employment opportunities.”

According to the agreement, Keeta will build a nationwide on-demand delivery network in Brazil and provide local partners with a suite of digital and marketing tools to grow their businesses. The company said it intends to leverage its experience in digital services to strengthen Brazil’s service trade infrastructure.

“Going global is one of Meituan’s long-term strategies,” Wang said. “We are excited to bring our food delivery experience and advanced technology to new markets like Brazil, just as we’ve done in the Asia-Pacific and the Middle East. We look forward to offering more choices to Brazilian consumers and contributing to the country’s economic development.”

Keeta is currently operating in China’s Hong Kong, where it has helped partner restaurants double their sales since launching two years ago. The brand also debuted in Saudi Arabia in September 2024, where it now covers all major cities, with user numbers and order volumes rising steadily.

MIL OSI China News –

May 13, 2025
MIL-OSI Asia-Pac: CAS exercise for responding to severe weather conditions concludes smoothly

Source: Hong Kong Government special administrative region

The Civil Aid Service (CAS) organised an exercise codenamed “WINDSTORM”, at Wan Tuk Creek on Lantau Island today (May 13) to enhance its communication, co-ordination, contingency planning and mobilisation capabilities for severe weather and other emergencies, bolstering command control and operational efficiency of the CAS in handling emergency incidents.

The exercise simulated various scenarios, including residents trapped by floods, fallen trees blocking roads and handling casualties. During the exercise, CAS rescue teams swiftly established an emergency command system, set up casualty collection stations and utilised rescue technologies such as drones, robotic dogs and remote-controlled lifebuoys to conduct rescue operations, ensuring that actions were carried out effectively and rapidly.

Approximately 100 officers and members participated in the exercise, which enhanced the awareness and handling capabilities of the personnel and improved co-ordination and communication among the units in responding to emergencies.

In addition, to strengthen the response to extreme weather conditions, the CAS will add one more flood rescue team this year. Training for responding to floods and rescue operations will also be enhanced.

MIL OSI Asia Pacific News –

May 13, 2025
MIL-OSI Asia-Pac: SCED to attend APEC trade ministers meeting in Korea

Source: Hong Kong Government special administrative region

SCED to attend APEC trade ministers meeting in Korea
Under the theme “Building a Sustainable Tomorrow” for APEC this year, the meeting will focus discussions on topics under three priorities: “Connect, Innovate, Prosper”.
Mr Yau will also meet with other trade ministers to exchange views on issues of mutual interest on the sidelines of the MRT Meeting.

Mr Yau will return to Hong Kong on the morning of May 17. During his absence, the Under Secretary for Commerce and Economic Development, Dr Bernard Chan, will be the Acting Secretary for Commerce and Economic Development.
Issued at HKT 9:00

NNNN

CategoriesMIL-OSI

MIL OSI Asia Pacific News –

May 13, 2025
MIL-OSI Asia-Pac: 36 elector registrations approved

Source: Hong Kong Information Services

The Candidate Eligibility Review Committee (CERC) today published a gazette notice to declare 36 registrations of ex-officio Election Committee (EC) members as valid.

Under the law, specified office-holders may register as ex-officio EC members.

The Registration & Electoral Office received 36 registrations involving five subsectors – architectural, surveying, planning & landscape; education; engineering; medical & health services, and social welfare.

The CERC reviewed the registrations and determined them to be valid.

MIL OSI Asia Pacific News –

May 13, 2025

MIL-OSI: JD.com Announces First Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

BEIJING, May 13, 2025 (GLOBE NEWSWIRE) — JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three months ended March 31, 2025.

First Quarter 2025 Highlights

Net revenues were RMB301.1 billion (US$¹41.5 billion) for the first quarter of 2025, an increase of 15.8% from the first quarter of 2024.
Income from operations was RMB10.5 billion (US$1.5 billion) for the first quarter of 2025, compared to RMB7.7 billion for the first quarter of 2024. Operating margin was 3.5% for the first quarter of 2025, compared to 3.0% for the first quarter of 2024. Non-GAAP²income from operations was RMB11.7 billion (US$1.6 billion) for the first quarter of 2025, compared to RMB8.9 billion for the first quarter of 2024. Non-GAAP operating margin was 3.9% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024. Operating margin of JD Retail before unallocated items was 4.9% for the first quarter of 2025, compared to 4.1% for the first quarter of 2024.
Net income attributable to the Company’s ordinary shareholders was RMB10.9 billion (US$1.5 billion) for the first quarter of 2025, compared to RMB7.1 billion for the first quarter of 2024. Net margin attributable to the Company’s ordinary shareholders was 3.6% for the first quarter of 2025, compared to 2.7% for the first quarter of 2024. Non-GAAP net income attributable to the Company’s ordinary shareholders was RMB12.8 billion (US$1.8 billion) for the first quarter of 2025, compared to RMB8.9 billion for the first quarter of 2024. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 4.2% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024.
Diluted net income per ADS was RMB7.19 (US$0.99) for the first quarter of 2025, compared to RMB4.53 for the first quarter of 2024. Non-GAAP diluted net income per ADS was RMB8.41 (US$1.16) for the first quarter of 2025, compared to RMB5.65 for the first quarter of 2024.

“We saw a strong start to the year, with solid results on both the top and bottom lines in Q1,” said Sandy Xu, Chief Executive Officer of JD.com. “Our performance was supported by improving consumer sentiment and continued enhancements to JD’s supply chain capabilities and user experience. User growth was particularly strong during the quarter, reflecting the increasing trust and mindshare JD has earned from consumers and further strengthening our ecosystem. We are also seeing encouraging signs from new initiatives, and we believe these emerging opportunities will further position us for long-term, high-quality growth.”

“In the first quarter, both our product and service revenues achieved double-digit growth year-on-year, further accelerating on a sequential basis, while bottom line also continued to expand steadily,” said Ian Su Shan, Chief Financial Officer of JD.com. “In particular, we maintained and further enhanced robust momentum of our core JD Retail business, while exploring exciting new opportunities for our long-term success. We also remained very committed to shareholder returns. We completed our annual dividend payout in April, and further executed upon our share repurchase program during the first quarter.”

Updates of Share Repurchase Program

Pursuant to the Company’s share repurchase program of up to US$5.0 billion adopted in August 2024 and effective through August 2027, the Company repurchased a total of approximately 80.7 million Class A ordinary shares (equivalent to 40.4 million ADSs) for a total of approximately US$1.5 billion from January 1, 2025 to the date of this announcement. The remaining amount under the share repurchase program was US$3.5 billion as of the date of this announcement.

The total number of shares repurchased by the Company from January 1, 2025 to the date of this announcement amounted to approximately 2.8% of its ordinary shares outstanding as of December 31, 2024³. All of these ordinary shares were repurchased from both Nasdaq and the Hong Kong Stock Exchange pursuant to the share repurchase program.

Business Highlights

JD Retail:In the first quarter, JD.com deepened its strategic partnerships with leading digital product manufacturers such as Xiaomi. The collaborations focus on product innovation, marketing initiatives, and other key areas, aiming to capture the emerging market opportunities driven by consumption support policies and the rise of AI large language models. Together with its partners, JD.com is committed to providing its users with more intelligent and diverse product offerings, along with enhanced purchasing and service experience.
In the first quarter, JD.com debuted a range of new products online from renowned fashion brands, such as La Prairie, Crocs, and Massimo Dutti. Leveraging its platform advantages and integrated supply chain capabilities, JD.com is dedicated to offering an enriched selection of fashionable products and superior shopping experience for a wide range of consumers.

In April, JD.com announced the launch of an export-to-domestic sales program. JD.com aims to procure no less than RMB200 billion worth of export-oriented goods for domestic sales. Through this initiative, JD.com will work with Chinese manufactures to strengthen their presence in the domestic market and provide consumers with more better and cheaper products.

New Business:In February 2025, JD.com officially launched its food delivery business. Starting from core retail, JD is expanding into on-demand retail and food delivery, meeting users’ demands in various scenarios. Rooted in the Company’s ecosystem, JD Food Delivery is not a stand-alone business. It operates in a market with big opportunities and demands, such as users’ demand for quality meals, merchants’ need for reasonable commissions, and riders’ desire for better protections. JD has the right strength, culture and advantage to address such opportunities and demands, particularly with its “better and cheaper” user mindshare, the “thirty-five cents” principle that insists on only reasonable profit margins, and its strong logistics operation and management capabilities. JD Food Delivery is set to generate synergetic effects with the Company’s existing businesses, including enriching location-based product supplies, upgrading last mile fulfillment network, and contributing to user growth and engagement. JD Food Delivery has achieved substantial progress in a very brief time, a proof of the great potentials of the food delivery industry and JD’s precise grasp of the industry demands and strong execution capabilities.

JD Health:In the first quarter, JD Health further strengthened its position as the first online marketplace for new and specialty medicine launches. It debuted several innovative medicines online during the quarter from pharmaceutical companies including Pfizer, Esteve, Innogen, and others, broadening treatment options for patients. In addition, JD Health also deepened its collaborations with leading healthcare product companies, including By-Health, Yan Palace, and LifeStyles, driving synergies in product innovation, digitalization of supply chain, and precision marketing.
In the first quarter, JD Health made significant progress in medical AI, continuously promoting the application of AI in healthcare services, specialized diagnosis and treatment, and health management. JD Health Online Hospital has seen over 80% of its medical consultation orders aided with AI services. Its AI nutritionist has also achieved a user satisfaction rate of 91%.

JD Logistics:In the first quarter, JD Logistics (“JDL”) continued to expand its global footprint. In January, JDL officially launched an international air cargo route between Shenzhen, China, and Bangkok, Thailand, enabling more efficient cross-border flow of goods. In March, JDL’s second warehouse in Warsaw, Poland commenced operations, offering integrated supply chain and logistics services to support both Chinese enterprises and local European businesses with streamlined and efficient logistics solutions.
On March 24, 2025, JDL officially launched its operations center in Hong Kong, marking a significant step-up in expanding the coverage of its express delivery network and boosting service efficiency in the region. Since upgrading its services in Hong Kong in October 2023, JDL has been persistently deepening its footprint in the market. It has been providing premium express delivery services to consumers, and at the same time, cultivating a mutually beneficial ecosystem in collaboration with local businesses.

Environment, Social and Governance

Starting from March 1, 2025, JD.com has begun to contribute the social insurances and the housing fund for its full-time food delivery riders, including both portions that are to be contributed by employers and individuals. In addition, JD.com will also provide accident and health insurances for its part-time food delivery riders. JD.com has become the first platform in China to provide such extensive social benefit coverage for full-time food delivery riders.
As a testament to JD.com’s unwavering commitment to creating more jobs and making contribution to the society, the total personnel under the JD Ecosystem⁴ was approximately 700,000 as of March 31, 2025, including the Company’s employees, part-time staff and interns, as well as the personnel of the Company’s affiliates in the JD Ecosystem. The total expenditure for such human resources, together with the expenditure for external personnel who work for the JD Ecosystem, amounted to RMB128.8 billion for the twelve months ended March 31, 2025.

First Quarter 2025 Financial Results

Net Revenues. Net revenues increased to RMB301.1 billion (US$41.5 billion) by 15.8% for the first quarter of 2025 from RMB260.0 billion for the first quarter of 2024. Net product revenues increased by 16.2%, while net service revenues increased by 14.0% for the first quarter of 2025, compared to the first quarter of 2024.

Cost of Revenues. Cost of revenues increased to RMB253.2 billion (US$34.9 billion) by 15.0% for the first quarter of 2025 from RMB220.3 billion for the first quarter of 2024.

Fulfillment Expenses. Fulfillment expenses, which primarily include procurement, warehousing, delivery, customer service and payment processing expenses, increased to RMB19.7 billion (US$2.7 billion) by 17.4% for the first quarter of 2025 from RMB16.8 billion for the first quarter of 2024. Fulfillment expenses as a percentage of net revenues was 6.6% for the first quarter of 2025, compared to 6.5% for the first quarter of 2024.

Marketing Expenses. Marketing expenses increased to RMB10.5 billion (US$1.5 billion) by 13.9% for the first quarter of 2025 from RMB9.3 billion for the first quarter of 2024. Marketing expenses as a percentage of net revenues was 3.5% for the first quarter of 2025, compared to 3.6% for the first quarter of 2024.

Research and Development Expenses. Research and development expenses increased to RMB4.6 billion (US$0.6 billion) by 14.6% for the first quarter of 2025 from RMB4.0 billion for the first quarter of 2024. Research and development expenses as a percentage of net revenues was 1.5% for the first quarter of 2025, compared to 1.6% for the first quarter of 2024.

General and Administrative Expenses. General and administrative expenses increased to RMB2.4 billion (US$0.3 billion) by 22.2% for the first quarter of 2025 from RMB2.0 billion for the first quarter of 2024. General and administrative expenses as a percentage of net revenues remained stable at 0.8% for the first quarter of 2025 and 2024.

Income from Operations and Non-GAAP Income from Operations. Income from operations increased to RMB10.5 billion (US$1.5 billion) by 36.8% for the first quarter of 2025 from RMB7.7 billion for the first quarter of 2024. Operating margin was 3.5% for the first quarter of 2025, compared to 3.0% for the first quarter of 2024. Non-GAAP income from operations increased to RMB11.7 billion (US$1.6 billion) by 31.4% for the first quarter of 2025 from RMB8.9 billion for the first quarter of 2024. Non-GAAP operating margin was 3.9% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024. Operating margin of JD Retail before unallocated items for the first quarter of 2025 was 4.9%, compared to 4.1% for the first quarter of 2024.

Non-GAAP EBITDA. Non-GAAP EBITDA increased to RMB13.7 billion (US$1.9 billion) by 27.0% for the first quarter of 2025 from RMB10.8 billion for the first quarter of 2024. Non-GAAP EBITDA margin was 4.6% for the first quarter of 2025, compared to 4.1% for the first quarter of 2024.

Net Income Attributable to the Company’s Ordinary Shareholders and Non-GAAP Net Income Attributable to the Company’s Ordinary Shareholders. Net income attributable to the Company’s ordinary shareholders increased to RMB10.9 billion (US$1.5 billion) by 52.7% for the first quarter of 2025 from RMB7.1 billion for the first quarter of 2024. Net margin attributable to the Company’s ordinary shareholders was 3.6% for the first quarter of 2025, compared to 2.7% for the first quarter of 2024. Non-GAAP net income attributable to the Company’s ordinary shareholders increased to RMB12.8 billion (US$1.8 billion) by 43.4% for the first quarter of 2025 from RMB8.9 billion for the first quarter of 2024. Non-GAAP net margin attributable to the Company’s ordinary shareholders was 4.2% for the first quarter of 2025, compared to 3.4% for the first quarter of 2024.

Diluted EPS and Non-GAAP Diluted EPS. Diluted net income per ADS increased to RMB7.19 (US$0.99) by 58.7% for the first quarter of 2025 from RMB4.53 for the first quarter of 2024. Non-GAAP diluted net income per ADS increased to RMB8.41 (US$1.16) by 48.8% for the first quarter of 2025 from RMB5.65 for the first quarter of 2024.

Cash Flow and Working Capital

As of March 31, 2025, the Company’s cash and cash equivalents, restricted cash and short-term investments totaled RMB203.4 billion (US$28.0 billion), compared to RMB241.4 billion as of December 31, 2024. For the first quarter of 2025, free cash flow of the Company was as follows:

	For the three months ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		US$
	(In millions)

Net cash used in operating activities	(11,315	)	(18,262	)	(2,517	)
Less: Impact from consumer financing receivables included in the operating cash flow	(1,281	)	(1,018	)	(140	)
Less: Capital expenditures, net of related sales proceeds	(2,880	)	(2,323	)	(320	)
Capital expenditures for development properties	(1,360	)	(915	)	(126	)
Other capital expenditures*	(1,520	)	(1,408	)	(194	)
Free cash flow	(15,476	)	(21,603	)	(2,977	)

* Including capital expenditures related to the Company’s headquarters in Beijing and all other CAPEX.

Net cash provided by investing activities was RMB16.2 billion (US$2.2 billion) for the first quarter of 2025, consisting primarily of net cash received from maturity of time deposits and wealth management products and cash received from disposal of equity investments and investment securities, partially offset by cash paid for capital expenditures.

Net cash used in financing activities was RMB7.3 billion (US$1.0 billion) for the first quarter of 2025, consisting primarily of net cash paid for repayment of borrowings and cash paid for repurchase of ordinary shares.

For the twelve months ended March 31, 2025, free cash flow of the Company was as follows:

	For the twelve months ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		US$
	(In millions)

Net cash provided by operating activities	69,813		51,148		7,048
(Less)/Add: Impact from consumer financing receivables included in the operating cash flow	(1,191	)	131		18
Less: Capital expenditures, net of related sales proceeds	(18,045	)	(13,666	)	(1,883	)
Capital expenditures for development properties	(11,332	)	(6,841	)	(943	)
Other capital expenditures	(6,713	)	(6,825	)	(940	)
Free cash flow	50,577		37,613		5,183

Supplemental Information

The Company reports three reportable segments, JD Retail, JD Logistics, and New businesses. JD Retail, including JD Health and JD Industrials, among other operating segments, mainly engages in online retail, online marketplace and marketing services in China. JD Logistics includes both internal and external logistics businesses. New Businesses mainly include Dada, JD Property, Jingxi and overseas businesses.

	For the three months ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		US$
	(In millions, except percentage data)
Net revenues:
JD Retail	226,835		263,845		36,359
JD Logistics	42,137		46,967		6,472
New Businesses	4,870		5,753		793
Inter-segment eliminations*	(13,793	)	(15,483	)	(2,134	)
Total consolidated net revenues	260,049		301,082		41,490
Less: cost of revenues:
JD Retail	(190,062	)	(219,395	)	(30,234	)
JD Logistics	(39,052	)	(43,785	)	(6,034	)
New Businesses	(4,031	)	(4,586	)	(632	)
Inter-segment eliminations*	12,892		14,539		2,004
Less: operating expenses:
JD Retail	(27,448	)	(31,604	)	(4,355	)
JD Logistics	(2,861	)	(3,037	)	(418	)
New Businesses	(1,509	)	(2,494	)	(344	)
Inter-segment eliminations*	901		944		130
Income/(loss) from operations:
JD Retail	9,325		12,846		1,770
JD Logistics	224		145		20
New Businesses	(670	)	(1,327	)	(183	)
Total segment income from operations	8,879		11,664		1,607
Unallocated items**	(1,179	)	(1,131	)	(156	)
Total consolidated income from operations	7,700		10,533		1,451
Share of results of equity investees	(730	)	1,330		183
Interest expense	(601	)	(600	)	(82	)
Others, net	2,696		2,079		287
Total consolidated income before tax	9,065		13,342		1,839

YoY% change of net revenues:
JD Retail	6.8	%	16.3	%
JD Logistics	14.7	%	11.5	%
New Businesses	(19.2	)%	18.1	%

Operating margin:
JD Retail	4.1	%	4.9	%
JD Logistics	0.5	%	0.3	%
New Businesses	(13.8	)%	(23.1	)%

* The inter-segment eliminations mainly consist of revenues from supply chain solutions and logistics services provided by JD Logistics to JD Retail, on-demand delivery and retail services provided by Dada to JD Retail and JD Logistics, and property leasing services provided by JD Property to JD Logistics.

** Unallocated items include share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, and impairment of goodwill and intangible assets, which are not allocated to segments.

The table below sets forth the revenue information:

	For the three months ended
	March 31, 2024	March 31, 2025	March 31, 2025	YoY% Change
	RMB	RMB	US$
	(In millions, except percentage data)
Electronics and home appliances revenues	123,212	144,295	19,884	17.1	%
General merchandise revenues	85,296	98,014	13,507	14.9	%
Net product revenues	208,508	242,309	33,391	16.2	%
Marketplace and marketing revenues	19,289	22,320	3,076	15.7	%
Logistics and other service revenues	32,252	36,453	5,023	13.0	%
Net service revenues	51,541	58,773	8,099	14.0	%
Total net revenues	260,049	301,082	41,490	15.8	%

Conference Call

JD.com’s management will hold a conference call at 8:00 am, Eastern Time on May 13, 2025, (8:00 pm, Beijing/Hong Kong Time on May 13, 2025) to discuss the first quarter 2025 financial results.

Please register in advance of the conference using the link provided below and dial in 15 minutes prior to the call, using participant dial-in numbers, the Passcode and unique access PIN which would be provided upon registering. You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.

PRE-REGISTER LINK: https://s1.c-conf.com/diamondpass/10046856-37hfgr.html

CONFERENCE ID: 10046856

A telephone replay will be available for one week until May 20, 2025. The dial-in details are as follows:

US:	+1-855-883-1031
International:	+61-7-3107-6325
Hong Kong:	800-930-639
Chinese Mainland:	400-120-9216
Passcode:	10046856

Additionally, a live and archived webcast of the conference call will also be available on the JD.com’s investor relations website at http://ir.jd.com.

About JD.com

JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

Non-GAAP Measures

In evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP income/(loss) from operations, non-GAAP operating margin, non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders, non-GAAP net margin attributable to the Company’s ordinary shareholders, free cash flow, non-GAAP EBITDA, non-GAAP EBITDA margin, non-GAAP net income/(loss) per share and non-GAAP net income/(loss) per ADS, as supplemental measures to review and assess operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company defines non-GAAP income/(loss) from operations as income/(loss) from operations excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements, gain on sale of development properties and impairment of goodwill and long-lived assets. The Company defines non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders as net income/(loss) attributable to the Company’s ordinary shareholders excluding share-based compensation, amortization of intangible assets resulting from assets and business acquisitions, effects of business cooperation arrangements and non-compete agreements, gain/(loss) on disposals/deemed disposals of investments and others, reconciling items on the share of equity method investments, loss/(gain) from fair value change of long-term investments, impairment of goodwill, long-lived assets and investments, gain on sale of development properties and tax effects on non-GAAP adjustments. The Company defines free cash flow as operating cash flow adjusting the impact from consumer financing receivables included in the operating cash flow and capital expenditures, net of related sales proceeds. Capital expenditures include purchase of property, equipment and software, cash paid for construction in progress, purchase of intangible assets, land use rights and asset acquisitions. The Company defines non-GAAP EBITDA as non-GAAP income/(loss) from operations plus depreciation and amortization excluding amortization of intangible assets resulting from assets and business acquisitions. Non-GAAP basic net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the periods. Non-GAAP diluted net income/(loss) per share is calculated by dividing non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the periods, including the dilutive effects of share-based awards as determined under the treasury stock method and convertible senior notes. Non-GAAP net income/(loss) per ADS is equal to non-GAAP net income/(loss) per share multiplied by two.

The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. Non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to the Company’s ordinary shareholders and non-GAAP EBITDA reflect the Company’s ongoing business operations in a manner that allows more meaningful period-to-period comparisons. Free cash flow enables management to assess liquidity and cash flow while taking into account the impact from consumer financing receivables included in the operating cash flow and the demands that the expansion of fulfillment infrastructure and technology platform has placed on financial resources. The Company believes that the use of the non-GAAP financial measures facilitates investors to understand and evaluate the Company’s current operating performance and future prospects in the same manner as management does, if they so choose. The Company also believes that the non-GAAP financial measures provide useful information to both management and investors by excluding certain expenses, gain/loss and other items that are not expected to result in future cash payments or that are non-recurring in nature or may not be indicative of the Company’s core operating results and business outlook.

The non-GAAP financial measures have limitations as analytical tools. The Company’s non-GAAP financial measures do not reflect all items of income and expense that affect the Company’s operations or not represent the residual cash flow available for discretionary expenditures. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure.

CONTACTS:

Investor Relations
Sean Zhang
+86 (10) 8912-6804
IR@JD.com

Media Relations
+86 (10) 8911-6155
Press@JD.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as JD.com’s strategic and operational plans, contain forward-looking statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.

JD.com, Inc.
Unaudited Interim Condensed Consolidated Balance Sheets
(In millions, except otherwise noted)

	As of
	December 31, 2024	March 31, 2025	March 31, 2025
	RMB	RMB	US$
ASSETS
Current assets
Cash and cash equivalents	108,350	96,778	13,336
Restricted cash	7,366	9,279	1,279
Short-term investments	125,645	97,385	13,420
Accounts receivable, net (including consumer financing receivables of RMB2.0 billion and RMB1.3 billion as of December 31, 2024 and March 31, 2025, respectively)⁽¹⁾	25,596	31,380	4,324
Advance to suppliers	7,619	6,140	846
Inventories, net	89,326	95,434	13,151
Prepayments and other current assets	15,951	15,712	2,165
Amount due from related parties	4,805	3,344	461
Assets held for sale	2,040	1,778	245
Total current assets	386,698	357,230	49,227
Non-current assets
Property, equipment and software, net	82,737	83,054	11,445
Construction in progress	6,164	7,039	970
Intangible assets, net	7,793	7,510	1,035
Land use rights, net	36,833	36,820	5,074
Operating lease right-of-use assets	24,532	25,621	3,531
Goodwill	25,709	25,709	3,543
Investment in equity investees	56,850	52,138	7,185
Marketable securities and other investments	59,370	71,755	9,888
Deferred tax assets	2,459	2,430	335
Other non-current assets	9,089	8,556	1,179
Total non-current assets	311,536	320,632	44,185
Total assets	698,234	677,862	93,412

JD.com, Inc.
Unaudited Interim Condensed Consolidated Balance Sheets
(In millions, except otherwise noted)

	As of
	December 31, 2024	March 31, 2025	March 31, 2025
	RMB	RMB	US$
LIABILITIES
Current liabilities
Short-term debts	7,581	4,230	583
Accounts payable	192,860	176,736	24,355
Advance from customers	32,437	34,055	4,693
Deferred revenues	2,097	2,166	299
Taxes payable	9,487	5,496	757
Amount due to related parties	1,367	2,954	407
Accrued expenses and other current liabilities	45,985	50,626	6,976
Operating lease liabilities	7,606	7,801	1,075
Liabilities held for sale	101	65	9
Total current liabilities	299,521	284,129	39,154
Non-current liabilities
Deferred revenues	502	424	58
Unsecured senior notes	24,770	24,758	3,412
Deferred tax liabilities	9,498	8,440	1,163
Long-term borrowings	31,705	31,492	4,340
Operating lease liabilities	18,106	19,151	2,639
Other non-current liabilities	835	797	110
Total non-current liabilities	85,416	85,062	11,722
Total liabilities	384,937	369,191	50,876

MEZZANINE EQUITY	484	263	36

SHAREHOLDERS’ EQUITY
Total JD.com, Inc. shareholders’ equity (US$0.00002 par value, 100,000 million shares authorized, 2,981 million shares issued and 2,883 million shares outstanding as of March 31, 2025)	239,347	234,322	32,291
Non-controlling interests	73,466	74,086	10,209
Total shareholders’ equity	312,813	308,408	42,500

Total liabilities, mezzanine equity and shareholders’ equity	698,234	677,862	93,412

(1) JD Technology performs credit risk assessment services for consumer financing receivables business and absorbs the credit risk of the underlying consumer financing receivables. Facilitated by JD Technology, the Company periodically securitizes consumer financing receivables through the transfer of those assets to securitization plans and derecognizes the related consumer financing receivables through sales type arrangements.

JD.com, Inc.
Unaudited Interim Condensed Consolidated Statements of Operations
(In millions, except per share data)

	For the three months ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		US$
Net revenues
Net product revenues	208,508		242,309		33,391
Net service revenues	51,541		58,773		8,099
Total net revenues	260,049		301,082		41,490
Cost of revenues	(220,279	)	(253,234	)	(34,897	)
Fulfillment	(16,806	)	(19,737	)	(2,720	)
Marketing	(9,254	)	(10,543	)	(1,453	)
Research and development	(4,034	)	(4,621	)	(637	)
General and administrative	(1,976	)	(2,414	)	(332	)
Income from operations⁽²⁾⁽³⁾	7,700		10,533		1,451
Other income/(expenses)
Share of results of equity investees	(730	)	1,330		183
Interest expense	(601	)	(600	)	(82	)
Others, net⁽⁴⁾	2,696		2,079		287
Income before tax	9,065		13,342		1,839
Income tax expenses	(1,700	)	(2,063	)	(285	)
Net income	7,365		11,279		1,554
Net income attributable to non-controlling interests shareholders	235		389		53
Net income attributable to the Company’s ordinary shareholders	7,130		10,890		1,501

Net income per share:
Basic	2.28		3.76		0.52
Diluted	2.27		3.59		0.50
Net income per ADS:
Basic	4.56		7.51		1.04
Diluted	4.53		7.19		0.99

JD.com, Inc.
Unaudited Interim Condensed Consolidated Statements of Operations
(In millions, except per share data)

	For the three months ended
	March 31, 2024			March 31, 2025			March 31, 2025
	RMB			RMB			US$

(2) Includes share-based compensation as follows:
Cost of revenues		(26	)		(7	)		(1	)
Fulfillment		(110	)		(71	)		(10	)
Marketing		(83	)		(62	)		(9	)
Research and development		(175	)		(217	)		(30	)
General and administrative		(365	)		(410	)		(56	)
Total		(759	)		(767	)		(106	)

(3) Includes amortization of business cooperation arrangement and intangible assets resulting from assets and business acquisitions as follows:
Fulfillment		(103	)		(49	)		(7	)
Marketing		(219	)		(279	)		(38	)
Research and development		(66	)		(36	)		(5	)
General and administrative		(32	)		—			—
Total		(420	)		(364	)		(50	)

(4) “Others, net” consists of interest income; gains/(losses) related to long-term investments without significant influence, including fair value changes, acquisitions or disposals gains/(losses), and impairments; government incentives; foreign exchange gains/(losses); and other non-operating income/(losses).

JD.com, Inc.
Unaudited Non-GAAP Net Income Per Share and Per ADS
(In millions, except per share data)

	For the three months ended
	March 31, 2024	March 31, 2025	March 31, 2025
	RMB	RMB	US$

Non-GAAP net income attributable to the Company’s ordinary shareholders	8,899	12,758	1,758

Non-GAAP net income per share:
Basic	2.85	4.40	0.61
Diluted	2.83	4.21	0.58

Non-GAAP net income per ADS:
Basic	5.69	8.80	1.21
Diluted	5.65	8.41	1.16

Weighted average number of shares:
Basic	3,126	2,898
Diluted	3,144	3,035

JD.com, Inc.
Unaudited Interim Condensed Consolidated Statements of Cash Flows and Free Cash Flow
(In millions)

	For the three months ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		US$

Net cash used in operating activities	(11,315	)	(18,262	)	(2,517	)
Net cash provided by investing activities	28,414		16,236		2,237
Net cash used in financing activities	(7,445	)	(7,288	)	(1,004	)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(130	)	(345	)	(47	)
Net increase/(decrease) in cash, cash equivalents and restricted cash	9,524		(9,659	)	(1,331	)
Cash, cash equivalents, and restricted cash at beginning of period, including cash and cash equivalents classified within assets held for sale	79,451		115,716		15,946
Less: Cash, cash equivalents, and restricted cash classified within assets held for sale at beginning of period	(53	)	—*		—*
Cash, cash equivalents, and restricted cash at beginning of period	79,398		115,716		15,946
Cash, cash equivalents, and restricted cash at end of period, including cash and cash equivalents classified within assets held for sale	88,922		106,057		14,615
Less: Cash, cash equivalents, and restricted cash classified within assets held for sale at end of period	(3	)	—*		—*
Cash, cash equivalents and restricted cash at end of period	88,919		106,057		14,615


Net cash used in operating activities	(11,315	)	(18,262	)	(2,517	)
Less: Impact from consumer financing receivables included in the operating cash flow	(1,281	)	(1,018	)	(140	)
Less: Capital expenditures, net of related sales proceeds	(2,880	)	(2,323	)	(320	)
Capital expenditures for development properties	(1,360	)	(915	)	(126	)
Other capital expenditures	(1,520	)	(1,408	)	(194	)
Free cash flow	(15,476	)	(21,603	)	(2,977	)

*Absolute value is less than RMB1 million or US$1 million.

JD.com, Inc.
Supplemental Financial Information and Business Metrics (In RMB billions, except turnover days data)

	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Cash flow and turnover days
Operating cash flow – trailing twelve months (“TTM”)	69.8	74.0	52.8	58.1	51.1
Free cash flow – TTM	50.6	55.6	33.6	43.7	37.6
Inventory turnover days⁽⁵⁾ – TTM	29.0	29.8	30.4	31.5	32.8
Accounts payable turnover days⁽⁶⁾ – TTM	51.8	57.0	57.5	58.6	57.6
Accounts receivable turnover days⁽⁷⁾ – TTM	5.4	5.7	5.8	5.9	6.4

(5) TTM inventory turnover days are the quotient of average inventory over the immediately preceding five quarters, up to and including the last quarter of the period, to cost of revenues of retail business for the last twelve months, and then multiplied by 360 days.

(6) TTM accounts payable turnover days are the quotient of average accounts payable for retail business over the immediately preceding five quarters, up to and including the last quarter of the period, to cost of revenues of retail business for the last twelve months, and then multiplied by 360 days.

(7) TTM accounts receivable turnover days are the quotient of average accounts receivable over the immediately preceding five quarters, up to and including the last quarter of the period, to total net revenues for the last twelve months and then multiplied by 360 days. Presented are the accounts receivable turnover days excluding the impact from consumer financing receivables.

JD.com, Inc.
Unaudited Reconciliation of GAAP and Non-GAAP Results
(In millions, except percentage data)

	For the three months ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		US$

Income from operations	7,700		10,533		1,451
Add: Share-based compensation	759		767		106
Add: Amortization of intangible assets resulting from assets and business acquisitions	309		252		35
Add: Effects of business cooperation arrangements	111		112		15
Non-GAAP income from operations	8,879		11,664		1,607
Add: Depreciation and other amortization	1,908		2,038		281
Non-GAAP EBITDA	10,787		13,702		1,888

Total net revenues	260,049		301,082		41,490

Non-GAAP operating margin	3.4	%	3.9	%

Non-GAAP EBITDA margin	4.1	%	4.6	%

JD.com, Inc.
Unaudited Reconciliation of GAAP and Non-GAAP Results
(In millions, except percentage data)

	For the three months ended
	March 31, 2024		March 31, 2025		March 31, 2025
	RMB		RMB		US$

Net income attributable to the Company’s ordinary shareholders	7,130		10,890		1,501
Add: Share-based compensation	592		650		90
Add: Amortization of intangible assets resulting from assets and business acquisitions	143		186		26
Add: Reconciling items on the share of equity method investments⁽⁸⁾	370		964		133
Add: Impairment of goodwill, long-lived assets, and investments	558		437		60
(Reversal of)/Add: (Gain)/Loss from fair value change of long-term investments	(8	)	874		120
Reversal of: Gain on disposals/deemed disposals of investments and others	(22	)	(1,172	)	(162	)
Add: Effects of business cooperation arrangements	111		112		15
Add/(Reversal of): Tax effects on non-GAAP adjustments	25		(183	)	(25	)
Non-GAAP net income attributable to the Company’s ordinary shareholders	8,899		12,758		1,758

Total net revenues	260,049		301,082		41,490

Non-GAAP net margin attributable to the Company’s ordinary shareholders	3.4	%	4.2	%

(8) To exclude the GAAP to non-GAAP reconciling items on the share of equity method investments and share of amortization of intangibles not on their books.

__________________

1 The U.S. dollar (US$) amounts disclosed in this announcement, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the readers. The conversion of Renminbi (RMB) into US$ in this announcement is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2025, which was RMB7.2567 to US$1.00. The percentages stated in this announcement are calculated based on the RMB amounts.
2 See the sections entitled “Non-GAAP Measures” and “Unaudited Reconciliation of GAAP and Non-GAAP Results” for more information about the non-GAAP measures referred to in this announcement.
3 The number of ordinary shares outstanding as of December 31, 2024 was approximately 2,903 million shares.
4 JD Ecosystem is a closely integrated business network providing comprehensive service for customers and comprises the Company and certain affiliates who share the “JD” brand name, currently including Jingdong Technology Holding Co., Ltd. and Allianz Jingdong General Insurance Company Ltd..

The MIL Network –

May 13, 2025

Draupadi Murmu pays floral tributes to Fakhruddin Ali Ahmed on his birth anniversary

Source: Government of India

Source: Government of India (4)

President of India, Droupadi Murmu, paid floral tributes to former President Fakhruddin Ali Ahmed on the occasion of his 121st birth anniversary at Rashtrapati Bhavan on Tuesday.

Fakhruddin Ali Ahmed served as the fifth President of India from August 24, 1974, until his untimely demise on February 11, 1977. He was the second President of India to die in office, after Dr. Zakir Husain.

Born in 1905, Ahmed pursued his education in Delhi and later at the University of Cambridge. He was called to the Bar at the Inner Temple, London. Upon returning to India, he practiced law in Lahore and subsequently in Guwahati.

A committed freedom fighter, Ahmed actively participated in the Quit India Movement of 1942 against British colonial rule. He later held several key positions in independent India and became a trusted associate of Prime Minister Indira Gandhi.

During his presidency, he signed the proclamation of Emergency in 1975 following a meeting with Prime Minister Gandhi, one of the most significant and controversial moments in India’s constitutional history.

President Murmu’s tribute today served as a reminder of Fakhruddin Ali Ahmed’s contributions to India’s legal, political, and freedom movements.

(With inputs from agencies)

May 13, 2025
MIL-OSI Russia: Participants of the Moscow accelerator “Videogame Factory” presented 60 projects

Translation. Region: Russian Federal

Source: Moscow Government – Government of Moscow –

The capital’s accelerator “Video Game Factory” helps programmers, digital artists and designers learn new skills, start unique projects and find investors. Three seasons have passed since June 2024. This was reported by Natalia Sergunina, Deputy Mayor of Moscow.

“In less than a year, the teams created 60 pilot versions of games in different genres. Among them are a detective story inspired by the works of Mikhail Bulgakov, an adventure quest based on the fairy tale by Alexander Pushkin, and a puzzle in the interiors of a spaceship,” said Natalia Sergunina.

Accelerator participants receive comprehensive support — from the formation of an idea and its development to musical design and preparation for the final presentation. Some of the projects have already attracted investments for further development. The authors of these games received a total of 150 million rubles. It is planned that by the end of the year, some developments will be released on major Russian and international platforms.

For example, in one game, you can team up with up to four people to escape the island by collecting items and completing tasks. In another, users will be offered to fly a sailing ship and explore the surrounding world, improve their characters and fight with heroes of ancient myths.

The Skolkovo Innovation Center is currently creating the first in Russia Video Game and Animation Cluster. It will unite all stages of content production and promotion — from training specialists to supporting Moscow studios in export activities. The cluster site will have offices, meeting rooms, server rooms, a motion capture studio, which is needed to produce realistic graphics, a space for sound recording, a lecture hall, a conference hall, an exhibition area and much more.

WITH the possibilities of the future cluster experts from India, Brazil and Indonesia met. They were impressed by the idea of combining all stages of game and animation creation in one space. Foreign guests assessed the architectural concept and infrastructure of the project and held negotiations with Moscow developers. In total, more than 50 meetings were held with the participation of representatives of foreign and Moscow creative enterprises.

Quickly find out the main news of the capital in official telegram channel the city of Moscow.

The number of capital enterprises in the creative industries has reached 113 thousand

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

https: //vv.mos.ru/nevs/ite/153730073/

MIL OSI Russia News –

May 13, 2025

Category: Asia Pacific

UK Government Overseas Network to Sell Scotland Around the World

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