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Category: Economy

  • Haryana govt gears up to roll out Lado Lakshmi Scheme; Rs 2,100 monthly aid for poor women

    Source: Government of India

    Source: Government of India (4)

    The Haryana government has completed preparations to roll out the Lado Lakshmi Scheme, which promises monthly financial support of Rs 2,100 to women from economically weaker sections.

    According to the Department of Information, Public Relations, Language and Culture (DIPR) on X, the scheme is set to be implemented this year. “Under this scheme, an amount of Rs 2,100 will be deposited into the accounts of women this year itself,” the post quoted CM Saini as saying.

    A budgetary provision of Rs 5,000 crore has been allocated for the scheme. The post also mentioned that the government has fulfilled 28 out of the 217 resolutions made, and work is underway on 90 others, within just five months of assuming office.

    In another key announcement, the chief minister said results for 7,500 government job positions will be declared soon. “A plan is also being prepared to recruit youth for vacant posts across departments,” the post read.

    Earlier this week, on June 23, CM Saini had urged Vice Chancellors of state universities to prioritise skill development programmes aimed at improving employability among the youth.

    According to an official release, the CM stressed the need for stronger industry-academia collaboration. “Each university should run at least 10 per cent of its programs in partnership with industrial entities,” he said, adding that the move is aimed at aligning education with evolving market needs and generating employment opportunities in the state.

    June 26, 2025
  • MIL-OSI Asia-Pac: Commissioner for Belt and Road leads delegation to Indonesia and Malaysia to promote Hong Kong’s professional services

    Source: Hong Kong Government special administrative region

         The Commissioner for Belt and Road, Mr Nicholas Ho, led a delegation to Indonesia and Malaysia to promote Hong Kong’s professional services related to infrastructure and construction and to explore opportunities for co-operation. The visit concluded today (June 26).
     
         The delegation visited Jakarta, Indonesia, on June 23 and 24, and Kuala Lumpur, Malaysia, on June 25 and 26 to meet with government officials, business leaders and representatives of professional organisations and enterprises of the two places.
     
         The delegates visited the Daya Anagata Nusantara Investment Management Agency and the Investment Coordinating Board in Indonesia, as well as the Public Private Partnership Unit of the Prime Minister’s Department and the Malaysian Investment Development Authority in Malaysia, to learn about the latest economic and infrastructure developments in the two places. While in Malaysia, they also met with the Minister of Transport of Malaysia, Mr Loke Siew Fook, to exchange views and understand the planning and development of Malaysia’s transportation system, with a view to exploring opportunities for Hong Kong’s professional services to participate and contribute.
      
         In addition, the delegation attended presentations of signature projects in the two places, directly connecting with representatives of local enterprises to explore commercially viable investment and co-operation. They also attended business luncheons hosted in the two places by the Belt and Road Office with the support of the Hong Kong Economic and Trade Office in Jakarta to promote Hong Kong’s business advantages to around 200 local business leaders. Apart from the delegates, around 20 representatives from Hong Kong enterprises and organisations also took part in some of the exchange sessions. During the visit period, Hong Kong representatives signed 21 Memoranda of Understanding with their partners in Indonesia and Malaysia, covering such areas as business collaboration and exchanges in professional services.
     
         During the stay in Jakarta, Mr Ho also visited a data centre, an investment development project of a Hong Kong company, to learn about how the data centre contributes to the development of the Digital Silk Road in promoting connectivity.
     
         Mr Ho said, “The Association of Southeast Asian Nations is Hong Kong’s second-largest trading partner and a key link in the Belt and Road Initiative. Indonesia and Malaysia are both undergoing rapid infrastructure development, and there is huge demand for professional services in large-scale projects such as the new capital city of Nusantara in Indonesia and the mass rapid transit system in Malaysia. Hong Kong, as a ‘super connector’ and a ‘super value-adder’, is connected to international standards in fields such as financing, law, construction engineering, project management, logistics and transportation, and innovative technology. We also have a deep pool of professionals with experience especially in taking forward public-private partnerships in infrastructure projects, presenting extensive room for collaboration with Indonesia and Malaysia to seize the opportunities brought by the Belt and Road Initiative.”
     
         He added that as an international financial and trade centre, Hong Kong possesses the advantages of convergence of capital and talent, and is committed to giving full play to its role as a functional platform for the Belt and Road, striving for solid progress in pursuing high-quality Belt and Road co-operation. As announced in “The Chief Executive’s 2024 Policy Address”, the Government will continue to pay visits and lead business and professional services delegations to priority markets such as Belt and Road countries.
     
         The delegation comprises around 20 representatives from professional services and commercial sectors, including small and medium-sized enterprises. The visit is supported by the Professionals Participation Subsidy Programme under the Government’s Professional Services Advancement Support Scheme. Hong Kong professionals from eligible professional sectors can apply for the subsidy to join the visit to promote Hong Kong’s competitive edges and professional services.

    MIL OSI Asia Pacific News –

    June 26, 2025
  • MIL-OSI NGOs: Syria: Severe lack of support continues the nightmare for torture survivors from Saydnaya and other detention centres – new testimonies

    Source: Amnesty International –

    Torture and abuse have left survivors with tuberculosis, nerve and joint damage and broken teeth from torture and symptoms of PTSD

    Massive drop in foreign aid severely impacting availability of support programmes

    Survivors interviewed by Amnesty emphasised that accountability is crucial for their healing

    Reparations extend beyond financial compensation: ‘I don’t want it to be transactional. It should be about restoring human dignity’ – Younes, survivor

    ‘It is beyond the pale that the people who made it out alive from these horrific torture dungeons are now struggling to access urgent medical and mental health treatment’ – Bissan Fakih

    Six months after the fall of Bashar al-Assad’s government in Syria, survivors of its brutal detention system – including the notorious Saydnaya military prison – are struggling with severe physical and psychological trauma, while facing a critical shortage of support, Amnesty International said.

    On the International Day in Support of Victims of Torture, Amnesty joins survivor associations in calling for concrete action to uphold torture survivors’ rights to justice and reparations – including access to rehabilitation.

    The Syrian government has an obligation to ensure survivors’ rights to truth, justice, and reparations for torture and other grave human rights violations. Amnesty is also urging donor governments to urgently fund survivor-led initiatives, family associations, and programmes that provide critical care and assistance to survivors.

    Bissan Fakih, Campaigner at Amnesty International, said:

    “For years the stories of torture, enforced disappearances and mass hangings in secret in Syria’s detention centres made the blood run cold.

    “It is beyond the pale that the people who made it out alive from these horrific torture dungeons are now struggling to access urgent medical and mental health treatment

    “The Syrian government is struggling with a myriad of economic and political challenges, but it must still, without any delay, ensure that all those suspected of criminal responsibility for torture and other international crimes are brought to justice in fair trials before ordinary civilian courts.

    “Survivors of Syria’s notorious detention system are in need of medical, psychosocial and legal support right now. During this pivotal period, donor states should be restoring or increasing funding to survivors’ groups, civil society organisations and programmes offering survivors support, rather than cutting off or cutting down foreign assistance.”

    The Syrian government, in place since 29 March, prohibited torture in a recent Constitutional Declaration, noting it would not be subject to a statute of limitations, established a Transitional Justice Commission, which is meant to lead the work on accountability, and has carried out some consultations with survivors. In a May meeting, the Minister of Interior told Amnesty that the most notorious prisons, including Saydnaya Military Prison and the Palestine Branch, would never be used as prisons again.

    Last month Amnesty met with survivors, survivors’ associations and civil society organisations in Syria, attended events organised by survivors and family members of the disappeared, and listened to their demands. These included ensuring meaningful and effective participation of survivors and victims’ families, comprehensive reparations to meet the needs of survivors, which include immediate physical and mental health support, and ensuring accountability for the crimes to which they were subjected. 

    Years of torture and inhumane conditions have left former detainees with tuberculosis, and conditions affecting their eyes, joints and nerves. Broken teeth from torture are also common among survivors, as well as symptoms consistent with post-traumatic stress disorder.

    Survivors supporting each other amid funding cuts 

    Survivor-led organisations have sounded the alarm over severe gaps in support, particularly after the mass release of detainees following the ousting of former President al-Assad.

    “Right at the time that people were being released from detention centres, the funding stopped,”

    said Muhannad Younes from Ta’afi, a survivor-led group offering rehabilitation support to fellow survivors. The organisation lost 60% of their funding due to the suspension of US foreign aid, severely limiting its ability to support survivors who emerged from detention both before and after the recent releases.

    Diab Serrih from the Association of Detainees and Missing Persons of Sednaya, set up by former survivors from Sednaya military prison said:

    “The general reduction in US and European funding will inevitably increase the suffering of victims. Mental health services in a post-conflict country are not a luxury… They are fundamental for the long-term recovery and reintegration of survivors.”

    Survivor associations and detainees recently released from Saydnaya Military Prison interviewed by Amnesty in Damascus said that survivors have been unable or desperately struggling to access urgently needed medical care, in a country in which much of the healthcare system has crumbled.  

    An activist in Damascus told Amnesty he received a call from a Saydnaya survivor about a fellow survivor struggling to get medical care:

    “He required an MRI which he wasn’t able to get at government hospitals. He told me the other survivors were pooling their money together, 600,000 SYP [the equivalent of 70 USD], to get him the medical test he needed.”

    Abdulmoneim al-Kayed, a Saydnaya survivor released on 8 December, confirmed that survivors had been trying to pool their money together to support him and others in need of medical care. He said that while there had been a quick response to tuberculosis, other medical needs were neglected. At least 12 former detainees he is in contact with still require urgent surgery, particularly neurological and ophthalmological operations, and the vast majority need dental treatment for teeth broken during torture.

    Samira Shawarba, from The Female Survivor Union, emphasised the need for comprehensive medical tests, including bloodwork, to assess the long-term health impact of years in overcrowded, unsanitary conditions without sunlight.

    The need for mental health support is equally urgent and largely unmet. Al-Kayed said:

    “We tried every possible way to get psychological support, but unfortunately, we couldn’t find any.”

    Ahmed Helmi from Ta’afi said very few organisations are able to provide mental health support:

    “Support exists, but it’s limited, especially because those organisations have had cuts in funding. The organisations we used to work with on mental health support for example can’t always take referrals anymore because they can’t afford it.”

    Survivors and survivor networks emphasised that those emerging from Syria’s detention facilities needed particular and trauma-informed support to achieve dignified lives. “Survivor-centred approaches are essential,” Younes said, explaining that many grassroots survivor networks have adopted such approaches in their work, taking into account that survivors suffer from memory loss, and that extensive questionnaires to offer aid could come across as interrogations to survivors of detention. 

    Shawarba stressed the rights of survivors to rehabilitation, not just short-term but also long-term support that enables survivors to regain their independence and self-esteem.

    Truth, justice, and reparations

    Survivors interviewed by Amnesty consistently emphasised that accountability is crucial for their healing. Al-Kayed, said many detainees families were extorted. His own family had 25,000 euros extorted from them on promises he would be released:

    “I call for accountability for the heads of security branches, so they don’t escape justice, and for every person who traded in our lives and extorted our families.”

    Ahmed Helmi from Ta’afi said guarantees of non-recurrence were key to him as a survivor of detention:

    “There was a part of our lives where we were removed from the face of the earth, placed somewhere behind the sun and subjected to horrors. That place and that period will always be a black stain, and it will only continue to grow until we can make meaning of it. And it can only gain meaning if it becomes a foundation for making sure our children never go through it. The value and meaning of what we experienced only comes from ensuring it never happens again. If we can’t guarantee that, then what happened has no meaning.”

    Younes explained that reparations extend beyond financial compensation:

    “Reparations also have an emotional and symbolic side…. Imagine everything that happened in Syria over the last 14 years, and yet there’s no physical link between us and these memories. No plaques, no memorials. In other countries, they build monuments and organise national days…I don’t want it to be transactional. It should be about restoring human dignity.”

    Any truth, justice, and reparation efforts must address the rights of all victims, including those subjected to abuses by former armed opposition groups. The authorities should also seek reparations from other states and non-state actors, including businesses, responsible for human rights violations and crimes under international law in Syria.

    Research on crimes against humanity

    Amnesty has documented how Syrian government forces for decades have used arbitrary arrests, enforced disappearances and torture to crush dissent. Under Assad’s rule torture was used as part of a widespread and systematic attack against the civilian population amounting to crimes against humanity. More than 100,000 people are estimated to have been forcibly disappeared in Syria, the vast majority by government forces. Amnesty has also documented cases of abduction, torture, and summary killings by former armed opposition groups in Aleppo and Idlib. In 2024, Amnesty documented how the autonomous authorities in Northeast Syria have arbitrarily detained tens of thousands with many held in inhumane conditions and subjected to torture and other ill-treatment.

    MIL OSI NGO –

    June 26, 2025
  • MIL-OSI NGOs: Syria: Torture survivors of Saydnaya and other detention centres grappling with devastating needs and minimal support 

    Source: Amnesty International –

    Six months after the fall of Bashar al-Assad’s government in Syria, survivors of its brutal detention system, including the infamous Saydnaya military prison, are grappling with devastating physical and mental health consequences amid a critical lack of support, said Amnesty International. On the International Day in Support of Victims of Torture, the organization is echoing survivor associations in calling for concrete action to guarantee the rights of torture survivors to reparations, including rehabilitation, and to justice. 

    Syria’s government has an obligation to ensure the rights to truth, justice and reparations for survivors of torture and other gross human rights abuses. Amnesty International is also calling on donor governments to urgently fund survivor-led groups, family associations, and programs dedicated to supporting torture survivors. 

    “For years the stories of torture, enforced disappearances and mass hangings in secret in Syria’s detention centers made the blood run cold. It is beyond the pale that the people who made it out alive from these horrific torture dungeons are now struggling to access urgent medical and mental health treatment. The Syrian government is struggling with a myriad of economic and political challenges, but it must still, without any delay, ensure that all those suspected of criminal responsibility for torture and other international crimes are brought to justice in fair trials before ordinary civilian courts,” said Bissan Fakih, Campaigner at Amnesty International. 

    The Syrian government, in place since 29 March, prohibited torture in a recent Constitutional Declaration, noting it would not be subject to a statute of limitations, established a Transitional Justice Commission, which is meant to lead the work on accountability, and has carried out some consultations with survivors. In a May meeting, the Minister of Interior told Amnesty International that the most notorious prisons, including Saydnaya Military Prison and the Palestine Branch, would never be used as prisons again.  

    Last month Amnesty International met with survivors, survivors’ associations and civil society organizations in Syria, attended events organized by survivors and family members of the disappeared, and listened to their demands. These included ensuring meaningful and effective participation of survivors and victims’ families, ensuring comprehensive reparations to meet the needs of survivors, which include immediate physical and mental health support, and ensuring accountability for the crimes to which they were subjected.   

    Years of torture and inhumane conditions have left former detainees with tuberculosis, and conditions affecting their eyes, joints and nerves. Broken teeth from torture are also common among survivors, as well as symptoms consistent with post-traumatic stress disorder.  

    Survivors of Syria’s notorious detention system are in need of medical, psychosocial and legal support right now. During this pivotal period, donor states should be restoring or increasing funding to survivors’ groups, civil society organizations and programs offering survivors support, rather than cutting off or cutting down foreign assistance.

    Bissan Fakih, Campaigner at Amnesty International.

    “Survivors of Syria’s notorious detention system are in need of medical, psychosocial and legal support right now. During this pivotal period, donor states should be restoring or increasing funding to survivors’ groups, civil society organizations and programs offering survivors support, rather than cutting off or cutting down foreign assistance,” Bissan Fakih said. 

    Survivors supporting each other amid funding cuts   

    Survivor-led organizations have sounded the alarm over severe gaps in support, particularly after the mass release of detainees following the ousting of former President al-Assad on 8 December 2024.  

    “Right at the time that people were being released from detention centers, the funding stopped,” said Muhannad Younes from Ta’afi, a survivor-led group offering rehabilitation support to fellow survivors. The organization lost a $120,000 grant60% of their funding due to the suspension of U.S. foreign aid, severely limiting its ability to support survivors who emerged from detention both before and after the recent releases. 

    Diab Serrih from the Association of Detainees and Missing Persons of Sednaya (ADMSP), set up by former survivors from Sednaya military prison said:  “The general reduction in U.S. and European funding will inevitably increase the suffering of victims. Mental health services in a post-conflict country are not a luxury… They are fundamental for the long-term recovery and reintegration of survivors.” 

    Survivor associations and detainees recently released from Saydnaya Military Prison interviewed by Amnesty International in Damascus said that survivors have been unable or desperately struggling to access urgently needed medical care, in a country in which much of the healthcare system has crumbled.    

    An activist in Damascus told Amnesty International he received a call from a Saydnaya survivor about a fellow survivor struggling to get medical care: “He required an MRI which he wasn’t able to get at government hospitals. He told me the other survivors were pooling their money together, 600,000 SYP [the equivalent of 70 USD], to get him the medical test he needed.” 

    Abdulmoneim al-Kayed, a Saydnaya survivor released on 8 December, confirmed that survivors had been trying to pool their money together to support this person and others in need of medical care. He said that while there had been a quick response to tuberculosis, other medical needs were neglected. At least 12 former detainees he is in contact with still require urgent surgery, particularly neurological and ophthalmological operations, and the vast majority need dental treatment for teeth broken during torture.  

    Samira Shawarba, from The Female Survivor Union, emphasized the need for comprehensive medical tests, including bloodwork, to assess the long-term health impact of years in overcrowded, unsanitary conditions without sunlight. 

    The need for mental health support is equally urgent and largely unmet. Al-Kayed said: “We tried every possible way to get psychological support, but unfortunately, we couldn’t find any.”  

    Ahmed Helmi from Ta’afi said very few organizations are able to provide mental health support : “Support exists, but it’s limited, especially because those organizations have had cuts in funding. The  organizations we used to work with on mental health support for example can’t always take referrals anymore because they can’t afford it.” 

    Survivors and survivor networks emphasized that those emerging from Syria’s detention facilities needed particular and trauma-informed support to achieve dignified lives.  “Survivor-centred approaches are essential,” Younes said, explaining that many grassroots survivor networks have adopted such approaches in their work, taking into account that survivors suffer from memory loss, and that extensive questionnaires to offer aid could come across as interrogations to survivors of detention.  

    Shawarba stressed the rights of survivors to rehabilitation, not just short-term, but also long-term support that enables survivors to regain their independence and self-esteem.  

    Truth, justice, and reparations 

    Survivors interviewed by Amnesty International consistently emphasized that accountability is crucial for their healing. Al-Kayed, said many detainees families were extorted. His own family had 25,000 euros extorted from them on  promises he would be released: “I call for accountability for the heads of security branches so they don’t escape justice, and for every person who traded in our lives and extorted our families.” 

    Ahmed Helmi from Ta’afi said guarantees of non-recurrence were key to him as a survivor of detention: “There was a part of our lives where we were removed from the face of the Earth, placed somewhere behind the sun and subjected to horrors. That place and that period will always be a black stain, and it will only continue to grow until we can make meaning of it. And it can only gain meaning if it becomes a foundation for making sure our children never go through it. The value and meaning of what we experienced only comes from ensuring it never happens again. If we can’t guarantee that, then what happened has no meaning.”  

    Younes explained that reparations extend beyond financial compensation: “Reparations also have an emotional and symbolic side…. Imagine everything that happened in Syria over the last 14 years, and yet there’s no physical link between us and these memories. No plaques, no memorials. In other countries, they build monuments and organize national days…I don’t want it to be transactional. It should be about restoring human dignity.” 

    Any truth, justice, and reparation efforts must address the rights of all victims, including those subjected to abuses by former armed opposition groups. The authorities should also seek reparations from other states and non-state actors, including businesses, responsible for human rights violations and crimes under international law in Syria. 

    Background 

    Amnesty International has documented how Syrian government forces for decades have used arbitrary arrests, enforced disappearances and torture to crush dissent. Under Assad’s rule torture was used as part of a widespread and systematic attack against the civilian population amounting to crimes against humanity. More than 100,000 people are estimated to have been forcibly disappeared in Syria, the vast majority by government forces. The organization has also documented cases of abduction, torture, and summary killings by former armed opposition groups in Aleppo and Idlib. In 2024 Amnesty documented how the autonomous authorities in Northeast Syria have arbitrarily detained tens of thousands with many held in inhumane conditions and subjected to torture and other ill-treatment.  

    MIL OSI NGO –

    June 26, 2025
  • MIL-OSI NGOs: Cambodia: Government allows slavery and torture to flourish inside hellish scamming compounds

    Source: Amnesty International –

    Cambodia: Government allows slavery and torture to flourish inside hellish scamming compounds

    • Amnesty visits more than 50 scamming compounds in 18-month long research
    • Testimony from survivors details human trafficking, slavery and forced labour affecting thousands
    • Findings point towards state complicity in abuses carried out by Chinese criminal gangs

    The Cambodian government is deliberately ignoring a litany of human rights abuses including slavery, human trafficking, child labour and torture being carried out by criminal gangs on a vast scale in more than 50 scamming compounds located across the country, Amnesty International said in a new report published today.

    Survivors interviewed for the report, “I Was Someone Else’s Property”, believed they were applying for genuine jobs but were instead trafficked to Cambodia, where they were held in prison-like compounds and forced to conduct online scams in a billion-dollar shadow economy defrauding people around the world.

    Jobseekers from Asia and beyond are lured by the promise of well-paid work into hellish labour camps run by well-organized gangs, where they are forced to scam under the very real threat of violence.

    Agnès Callamard, Amnesty International’s Secretary General

    “Deceived, trafficked and enslaved, the survivors of these scamming compounds describe being trapped in a living nightmare – enlisted in criminal enterprises that are operating with the apparent consent of the Cambodian government,” Amnesty International’s Secretary General Agnes Callamard said.

    “Jobseekers from Asia and beyond are lured by the promise of well-paid work into hellish labour camps run by well-organized gangs, where they are forced to scam under the very real threat of violence.

    “Amnesty’s research reveals the horrifying magnitude of a crisis the Cambodian authorities are not doing enough to stop. Their failures have emboldened a criminal network whose tentacles extend internationally, with millions of people impacted by the scams.”

    Amnesty’s findings suggest there has been coordination and possibly collusion between Chinese compound bosses and the Cambodian police, who have failed to shut down compounds despite the slew of human rights abuses taking place inside.

    ‘High salary and swimming pool’

    In the most comprehensive documentation yet of the issue, Amnesty’s 240-page report identified at least 53 scamming compounds in Cambodia and interviewed 58 survivors of eight different nationalities, including nine children. Amnesty also reviewed the records of 336 other victims of Cambodian compounds. Those interviewed had either escaped from compounds, been rescued or had a ransom paid by their families.

    The interviewees’ testimony gives a detailed insight into a sprawling, violent criminal operation that is taking place often with the full knowledge of the Cambodian authorities, whose woefully ineffective – and at times corrupt – response to the scamming crisis demonstrates its acquiescence and points towards state complicity in the human rights abuses taking place.

    They told me that if I don’t stop screaming, they’re going to keep hitting [me] until I stop.

    *Lisa, who was trafficked at the age of 18 and forced to work on scams

    One survivor, *Lisa, who was 18 and looking for work during a break from school in Thailand when she was trafficked, said: “[The recruiters] said I would work in administration… they sent pictures of a hotel with a swimming pool… the salary was high.”

    Instead, Lisa was taken across a river at night into Cambodia, where she spent 11 months held against her will by armed security guards and forced to work on scams. When she tried to escape, she was severely beaten.

    “There were four men… three of them held me down while the boss hit me on the soles of my feet with a metal pole… They told me that if I don’t stop screaming, they’re going to keep hitting [me] until I stop,” she said.

    Map showing the 53 scamming compounds documented by Amnesty International.

    ‘They kept beating [them] until their body was purple’

    As part of its 18-month long research, Amnesty International visited all but one of the 53 scamming compounds located in 16 towns and cities across Cambodia, as well as 45 similar sites also strongly suspected to be scamming compounds. Many of the buildings were formerly casinos and hotels repurposed by criminal gangs – mostly from China – after Cambodia banned online gambling in 2019.

    Compounds appeared designed to keep people inside, with features such as surveillance cameras, barbed wire around perimeter walls and large numbers of security personnel, often carrying electric shock batons and in some cases firearms. Survivors reported that “escape was impossible”.

    Most victims had been lured to Cambodia by deceptive job advertisements posted on social media sites such as Facebook and Instagram. After being trafficked, survivors said they were forced to contact people using social media platforms and begin conversations aimed at defrauding them. These included fake romances or investment opportunities, selling products that would never be delivered, or building trust with victims before financially exploiting them – known as “pig-butchering”.

    All but one of the survivors interviewed were victims of human trafficking, while everyone had been subjected to forced labour under the threat of violence. In 32 cases, Amnesty International concluded the survivors were victims of slavery as defined under international law, with compound managers exerting a level of control over them that amounted to de facto ownership. Survivors also reported being sold into compounds or witnessing the sale of other people. Many others were told they owed a debt to the compound which they had to work to repay.

    Forty of the 58 survivors interviewed had suffered torture or other ill-treatment – almost always carried out by compound managers. Some compounds had specific rooms – often known as “dark rooms” – which were designated places for torture of people who did not or could not work or meet work targets, or who contacted the authorities.

    Survivors frequently mentioned deaths inside the compounds or nearby; one survivor described hearing a body hitting the roof of a building. Amnesty International also confirmed the death of a Chinese child inside a compound.

    Survivor *Siti described seeing a Vietnamese person beaten by compound bosses for around 25 minutes. He said: “They just keep beating [the Vietnamese person] until their body was…purple…then [using] the electric baton. Beat the Vietnamese until he can’t scream, can’t get up…then the boss tell me that they wait until another compound want to buy him.”

    Of the nine children interviewed, five were subjected to torture or other ill-treatment. *Sawat, a 17-year-old Thai boy, was beaten by several managers before being told he would be stripped and forced to jump off the building.

    PSP01: compound with suspected guard posts – highlighted with yellow circles – at strategic locations within the perimeter wall.

    Cambodian government’s glaring failures

    Amnesty International’s report found that the Cambodian government has failed to adequately investigate widespread human rights abuses at scamming compounds despite being repeatedly made aware of them.

    “The Cambodian authorities know what is going on inside scamming compounds, yet they allow it to continue. Our findings reveal a pattern of state failures that have allowed criminality to flourish and raises questions about the government’s motivations,” Amnesty International’s Regional Research Director Montse Ferrer said.

    The government has claimed to be addressing the scamming crisis through its National Committee to Combat Human Trafficking (NCCT) and a number of ministerial task forces, which have overseen a series of police “rescues” of victims from compounds. However, more than two thirds of the scamming compounds identified in the report continued to operate even after police raids and “rescues”. At one compound in Botum Sakor, human trafficking has been widely reported by media and police have intervened multiple times to rescue victims, yet the site remains open.

    Police failings stem from their collaboration or coordination with compound bosses. For example, in many of the “rescues”, instead of entering the compounds and investigating, police would simply meet a manager or security guard at the gate, where they would be handed the individual(s) who had called in for help. Business then continued as usual.

    In other instances, several survivors said they were punished with beatings after their secretive efforts to contact police for help were somehow uncovered by bosses. One Vietnamese survivor told Amnesty International that police “work for the compound and will report requests for help back to the compound bosses”.

    Those “rescued” from compounds were often subsequently detained in immigration detention centres in poor conditions for months at a time – the Cambodian authorities having failed to recognize them as victims of human trafficking and provide them with the support required under international law.

    Meanwhile, the authorities have targeted others speaking out about scamming compounds. Several human rights defenders and journalists working on the issue have been arrested, while the news outlet Voice of Democracy was closed in 2023 in apparent retaliation for its reporting on the scamming crisis.

    Amnesty International sent its findings to the NCCT, which responded by sharing vague data on interventions at compounds, none of which clarified whether the state has identified, investigated or prosecuted individuals for human rights abuses other than deprivation of liberty. It also did not respond to Amnesty International’s list of scamming compounds or suspicious locations.

    © Amnesty International, 2024.
    Caged windows behind high walls of a scamming compound with three rungs of barbed or razor wire.

    Slavery thrives when governments look away.

    Montse Ferrer, Amnesty International’s Regional Research Director

    “The Cambodian government could put a stop to these abuses, but it has chosen not to. The police interventions documented appear to be merely ‘for show’,” Montse Ferrer said.

    “Cambodia’s authorities must ensure no more jobseekers are trafficked into the country to face torture, slavery or any other human rights abuse. They must urgently investigate and shut down all scamming compounds and properly identify, assist and protect victims. Slavery thrives when governments look away.”

    Survivors interviewed for Amnesty International’s report were from China, Thailand, Malaysia, Bangladesh, Viet Nam, Indonesia, Taiwan and Ethiopia, but Amnesty International also had access to records of hundreds of others who are nationals of India, Kenya, Nepal and the Philippines among many more.

    Background

    Under international human rights law, the Cambodian state has a duty to ensure that no one is held in slavery or servitude or required to perform forced labour. It is obligated to protect children from economic exploitation and must prevent, prohibit, investigate and prosecute acts of torture. The Cambodian government must also effectively investigate, prosecute and adjudicate trafficking whether committed by governmental or non-state actors; it must identify trafficking victims and provide remedy; and it must implement measures to ensure that “rescue” operations of trafficked persons do not further harm their rights and dignity.

    *All survivors using pseudonyms for security reasons

    MIL OSI NGO –

    June 26, 2025
  • MIL-OSI NGOs: Cambodia: Government allows slavery and torture to flourish inside hellish scamming compounds

    Source: Amnesty International –

    Cambodia: Government allows slavery and torture to flourish inside hellish scamming compounds

    • Amnesty visits more than 50 scamming compounds in 18-month long research
    • Testimony from survivors details human trafficking, slavery and forced labour affecting thousands
    • Findings point towards state complicity in abuses carried out by Chinese criminal gangs

    The Cambodian government is deliberately ignoring a litany of human rights abuses including slavery, human trafficking, child labour and torture being carried out by criminal gangs on a vast scale in more than 50 scamming compounds located across the country, Amnesty International said in a new report published today.

    Survivors interviewed for the report, “I Was Someone Else’s Property”, believed they were applying for genuine jobs but were instead trafficked to Cambodia, where they were held in prison-like compounds and forced to conduct online scams in a billion-dollar shadow economy defrauding people around the world.

    Jobseekers from Asia and beyond are lured by the promise of well-paid work into hellish labour camps run by well-organized gangs, where they are forced to scam under the very real threat of violence.

    Agnès Callamard, Amnesty International’s Secretary General

    “Deceived, trafficked and enslaved, the survivors of these scamming compounds describe being trapped in a living nightmare – enlisted in criminal enterprises that are operating with the apparent consent of the Cambodian government,” Amnesty International’s Secretary General Agnes Callamard said.

    “Jobseekers from Asia and beyond are lured by the promise of well-paid work into hellish labour camps run by well-organized gangs, where they are forced to scam under the very real threat of violence.

    “Amnesty’s research reveals the horrifying magnitude of a crisis the Cambodian authorities are not doing enough to stop. Their failures have emboldened a criminal network whose tentacles extend internationally, with millions of people impacted by the scams.”

    Amnesty’s findings suggest there has been coordination and possibly collusion between Chinese compound bosses and the Cambodian police, who have failed to shut down compounds despite the slew of human rights abuses taking place inside.

    ‘High salary and swimming pool’

    In the most comprehensive documentation yet of the issue, Amnesty’s 240-page report identified at least 53 scamming compounds in Cambodia and interviewed 58 survivors of eight different nationalities, including nine children. Amnesty also reviewed the records of 336 other victims of Cambodian compounds. Those interviewed had either escaped from compounds, been rescued or had a ransom paid by their families.

    The interviewees’ testimony gives a detailed insight into a sprawling, violent criminal operation that is taking place often with the full knowledge of the Cambodian authorities, whose woefully ineffective – and at times corrupt – response to the scamming crisis demonstrates its acquiescence and points towards state complicity in the human rights abuses taking place.

    They told me that if I don’t stop screaming, they’re going to keep hitting [me] until I stop.

    *Lisa, who was trafficked at the age of 18 and forced to work on scams

    One survivor, *Lisa, who was 18 and looking for work during a break from school in Thailand when she was trafficked, said: “[The recruiters] said I would work in administration… they sent pictures of a hotel with a swimming pool… the salary was high.”

    Instead, Lisa was taken across a river at night into Cambodia, where she spent 11 months held against her will by armed security guards and forced to work on scams. When she tried to escape, she was severely beaten.

    “There were four men… three of them held me down while the boss hit me on the soles of my feet with a metal pole… They told me that if I don’t stop screaming, they’re going to keep hitting [me] until I stop,” she said.

    Map showing the 53 scamming compounds documented by Amnesty International.

    ‘They kept beating [them] until their body was purple’

    As part of its 18-month long research, Amnesty International visited all but one of the 53 scamming compounds located in 16 towns and cities across Cambodia, as well as 45 similar sites also strongly suspected to be scamming compounds. Many of the buildings were formerly casinos and hotels repurposed by criminal gangs – mostly from China – after Cambodia banned online gambling in 2019.

    Compounds appeared designed to keep people inside, with features such as surveillance cameras, barbed wire around perimeter walls and large numbers of security personnel, often carrying electric shock batons and in some cases firearms. Survivors reported that “escape was impossible”.

    Most victims had been lured to Cambodia by deceptive job advertisements posted on social media sites such as Facebook and Instagram. After being trafficked, survivors said they were forced to contact people using social media platforms and begin conversations aimed at defrauding them. These included fake romances or investment opportunities, selling products that would never be delivered, or building trust with victims before financially exploiting them – known as “pig-butchering”.

    All but one of the survivors interviewed were victims of human trafficking, while everyone had been subjected to forced labour under the threat of violence. In 32 cases, Amnesty International concluded the survivors were victims of slavery as defined under international law, with compound managers exerting a level of control over them that amounted to de facto ownership. Survivors also reported being sold into compounds or witnessing the sale of other people. Many others were told they owed a debt to the compound which they had to work to repay.

    Forty of the 58 survivors interviewed had suffered torture or other ill-treatment – almost always carried out by compound managers. Some compounds had specific rooms – often known as “dark rooms” – which were designated places for torture of people who did not or could not work or meet work targets, or who contacted the authorities.

    Survivors frequently mentioned deaths inside the compounds or nearby; one survivor described hearing a body hitting the roof of a building. Amnesty International also confirmed the death of a Chinese child inside a compound.

    Survivor *Siti described seeing a Vietnamese person beaten by compound bosses for around 25 minutes. He said: “They just keep beating [the Vietnamese person] until their body was…purple…then [using] the electric baton. Beat the Vietnamese until he can’t scream, can’t get up…then the boss tell me that they wait until another compound want to buy him.”

    Of the nine children interviewed, five were subjected to torture or other ill-treatment. *Sawat, a 17-year-old Thai boy, was beaten by several managers before being told he would be stripped and forced to jump off the building.

    PSP01: compound with suspected guard posts – highlighted with yellow circles – at strategic locations within the perimeter wall.

    Cambodian government’s glaring failures

    Amnesty International’s report found that the Cambodian government has failed to adequately investigate widespread human rights abuses at scamming compounds despite being repeatedly made aware of them.

    “The Cambodian authorities know what is going on inside scamming compounds, yet they allow it to continue. Our findings reveal a pattern of state failures that have allowed criminality to flourish and raises questions about the government’s motivations,” Amnesty International’s Regional Research Director Montse Ferrer said.

    The government has claimed to be addressing the scamming crisis through its National Committee to Combat Human Trafficking (NCCT) and a number of ministerial task forces, which have overseen a series of police “rescues” of victims from compounds. However, more than two thirds of the scamming compounds identified in the report continued to operate even after police raids and “rescues”. At one compound in Botum Sakor, human trafficking has been widely reported by media and police have intervened multiple times to rescue victims, yet the site remains open.

    Police failings stem from their collaboration or coordination with compound bosses. For example, in many of the “rescues”, instead of entering the compounds and investigating, police would simply meet a manager or security guard at the gate, where they would be handed the individual(s) who had called in for help. Business then continued as usual.

    In other instances, several survivors said they were punished with beatings after their secretive efforts to contact police for help were somehow uncovered by bosses. One Vietnamese survivor told Amnesty International that police “work for the compound and will report requests for help back to the compound bosses”.

    Those “rescued” from compounds were often subsequently detained in immigration detention centres in poor conditions for months at a time – the Cambodian authorities having failed to recognize them as victims of human trafficking and provide them with the support required under international law.

    Meanwhile, the authorities have targeted others speaking out about scamming compounds. Several human rights defenders and journalists working on the issue have been arrested, while the news outlet Voice of Democracy was closed in 2023 in apparent retaliation for its reporting on the scamming crisis.

    Amnesty International sent its findings to the NCCT, which responded by sharing vague data on interventions at compounds, none of which clarified whether the state has identified, investigated or prosecuted individuals for human rights abuses other than deprivation of liberty. It also did not respond to Amnesty International’s list of scamming compounds or suspicious locations.

    © Amnesty International, 2024.
    Caged windows behind high walls of a scamming compound with three rungs of barbed or razor wire.

    Slavery thrives when governments look away.

    Montse Ferrer, Amnesty International’s Regional Research Director

    “The Cambodian government could put a stop to these abuses, but it has chosen not to. The police interventions documented appear to be merely ‘for show’,” Montse Ferrer said.

    “Cambodia’s authorities must ensure no more jobseekers are trafficked into the country to face torture, slavery or any other human rights abuse. They must urgently investigate and shut down all scamming compounds and properly identify, assist and protect victims. Slavery thrives when governments look away.”

    Survivors interviewed for Amnesty International’s report were from China, Thailand, Malaysia, Bangladesh, Viet Nam, Indonesia, Taiwan and Ethiopia, but Amnesty International also had access to records of hundreds of others who are nationals of India, Kenya, Nepal and the Philippines among many more.

    Background

    Under international human rights law, the Cambodian state has a duty to ensure that no one is held in slavery or servitude or required to perform forced labour. It is obligated to protect children from economic exploitation and must prevent, prohibit, investigate and prosecute acts of torture. The Cambodian government must also effectively investigate, prosecute and adjudicate trafficking whether committed by governmental or non-state actors; it must identify trafficking victims and provide remedy; and it must implement measures to ensure that “rescue” operations of trafficked persons do not further harm their rights and dignity.

    *All survivors using pseudonyms for security reasons

    MIL OSI NGO –

    June 26, 2025
  • MIL-OSI China: China remains ‘thriving land’ in global economy: Premier Li

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

    BEIJING, June 26 — Premier Li Qiang said on Thursday that China’s economy will remain a thriving land in the global economy, and the expansion and upgrading of the massive Chinese market will keep generating significant dividends, offering greater trade and investment opportunities for other countries.

    Speaking at the opening ceremony of the 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) Board of Governors, Li affirmed China’s commitment to high-standard opening up and its ongoing deep integration into the global economy, a move set to create fresh development opportunities worldwide.

    MIL OSI China News –

    June 26, 2025
  • MIL-OSI Asia-Pac: External merchandise trade statistics for May 2025

    Source: Hong Kong Government special administrative region

    External merchandise trade statistics for May 2025 
    In May 2025, the value of total exports of goods increased by 15.5% over a year earlier to $434.1 billion, after a year-on-year increase by 14.7% in April 2025. Concurrently, the value of imports of goods increased by 18.9% over a year earlier to $461.4 billion in May 2025, after a year-on-year increase by 15.8% in April 2025. A visible trade deficit of $27.3 billion, equivalent to 5.9% of the value of imports of goods, was recorded in May 2025.
     
    For the first five months of 2025 as a whole, the value of total exports of goods increased by 12.6% over the same period in 2024. Concurrently, the value of imports of goods increased by 12.9%. A visible trade deficit of $124.7 billion, equivalent to 5.8% of the value of imports of goods, was recorded in the first five months of 2025.
     
    Comparing the three-month period ending May 2025 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 10.0%. Meanwhile, the value of imports of goods increased by 11.9%.
     
    Analysis by country/territory
     
    Comparing May 2025 with May 2024, total exports to Asia as a whole grew by 21.8%. In this region, increases were registered in the values of total exports to most major destinations, in particular Japan (+96.2%), Malaysia (+55.3%), Taiwan (+54.8%), Vietnam (+41.2%), India (+35.1%) and the mainland of China (the Mainland) (+17.6%). On the other hand, a decrease was recorded in the value of total exports to Korea (-25.6%).
     
    Apart from destinations in Asia, decreases were registered in the values of total exports to some major destinations in other regions, in particular the United Kingdom (-52.0%) and the USA (-18.4%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+67.3%), the United Kingdom (+49.2%), Taiwan (+33.5%), Malaysia (+27.7%) and the Mainland (+18.5%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+58.5%), Taiwan (+39.7%), Japan (+20.4%) and the Mainland (+17.9%). On the other hand, a decrease was recorded in the value of total exports to the United Arab Emirates (-24.0%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+76.4%), the United Kingdom (+55.8%), Taiwan (+48.9%), Malaysia (+34.2%) and the Mainland (+9.4%). On the other hand, a decrease was recorded in the value of imports from Korea (-19.6%).
     
    Analysis by major commodity
     
    Comparing May 2025 with May 2024, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $27.4 billion or +15.5%) and “office machines and automatic data processing machines” (by $18.9 billion or +44.9%).
     
    Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $40.4 billion or +23.7%) and “office machines and automatic data processing machines” (by $21.7 billion or +69.4%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports of most principal commodity divisions, in particular “office machines and automatic data processing machines” (by $125.1 billion or +66.1%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $103.3 billion or +12.0%).
     
    Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $122.8 billion or +14.6%) and “office machines and automatic data processing machines” (by $115.9 billion or +81.5%).
     
    Commentary
     
    A Government spokesman said that the value of merchandise exports continued to show resilience, picking up strongly by 15.5% in May over a year earlier. Exports to the Mainland and most other Asian markets grew visibly further. Exports to the European Union turned to moderate growth, while those to the United States fell.
     
    Looking ahead, the sustained steady growth in the Mainland economy and Hong Kong’s enhanced economic and trade ties with different markets should render support to trade performance. The Government will continue to closely monitor the external environment and stay vigilant to the elevated geopolitical tensions and uncertainties surrounding trade policies.
     
    Further information
     
    Table 1 presents the analysis of external merchandise trade statistics for May 2025. Table 2 presents the original monthly trade statistics from January 2022 to May 2025, and Table 3 gives the seasonally adjusted series for the same period.
     
    The values of total exports of goods to 10 main destinations for May 2025 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
     
    Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for May 2025.
     
    All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for May 2025 will be released in mid-July 2025.
     
    The May 2025 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in May 2025 and will be available in early July 2025. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230 
    Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).
    Issued at HKT 16:30

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    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 26, 2025
  • MIL-OSI Asia-Pac: External merchandise trade statistics for May 2025

    Source: Hong Kong Government special administrative region

    External merchandise trade statistics for May 2025 
    In May 2025, the value of total exports of goods increased by 15.5% over a year earlier to $434.1 billion, after a year-on-year increase by 14.7% in April 2025. Concurrently, the value of imports of goods increased by 18.9% over a year earlier to $461.4 billion in May 2025, after a year-on-year increase by 15.8% in April 2025. A visible trade deficit of $27.3 billion, equivalent to 5.9% of the value of imports of goods, was recorded in May 2025.
     
    For the first five months of 2025 as a whole, the value of total exports of goods increased by 12.6% over the same period in 2024. Concurrently, the value of imports of goods increased by 12.9%. A visible trade deficit of $124.7 billion, equivalent to 5.8% of the value of imports of goods, was recorded in the first five months of 2025.
     
    Comparing the three-month period ending May 2025 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 10.0%. Meanwhile, the value of imports of goods increased by 11.9%.
     
    Analysis by country/territory
     
    Comparing May 2025 with May 2024, total exports to Asia as a whole grew by 21.8%. In this region, increases were registered in the values of total exports to most major destinations, in particular Japan (+96.2%), Malaysia (+55.3%), Taiwan (+54.8%), Vietnam (+41.2%), India (+35.1%) and the mainland of China (the Mainland) (+17.6%). On the other hand, a decrease was recorded in the value of total exports to Korea (-25.6%).
     
    Apart from destinations in Asia, decreases were registered in the values of total exports to some major destinations in other regions, in particular the United Kingdom (-52.0%) and the USA (-18.4%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+67.3%), the United Kingdom (+49.2%), Taiwan (+33.5%), Malaysia (+27.7%) and the Mainland (+18.5%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+58.5%), Taiwan (+39.7%), Japan (+20.4%) and the Mainland (+17.9%). On the other hand, a decrease was recorded in the value of total exports to the United Arab Emirates (-24.0%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+76.4%), the United Kingdom (+55.8%), Taiwan (+48.9%), Malaysia (+34.2%) and the Mainland (+9.4%). On the other hand, a decrease was recorded in the value of imports from Korea (-19.6%).
     
    Analysis by major commodity
     
    Comparing May 2025 with May 2024, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $27.4 billion or +15.5%) and “office machines and automatic data processing machines” (by $18.9 billion or +44.9%).
     
    Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $40.4 billion or +23.7%) and “office machines and automatic data processing machines” (by $21.7 billion or +69.4%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports of most principal commodity divisions, in particular “office machines and automatic data processing machines” (by $125.1 billion or +66.1%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $103.3 billion or +12.0%).
     
    Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $122.8 billion or +14.6%) and “office machines and automatic data processing machines” (by $115.9 billion or +81.5%).
     
    Commentary
     
    A Government spokesman said that the value of merchandise exports continued to show resilience, picking up strongly by 15.5% in May over a year earlier. Exports to the Mainland and most other Asian markets grew visibly further. Exports to the European Union turned to moderate growth, while those to the United States fell.
     
    Looking ahead, the sustained steady growth in the Mainland economy and Hong Kong’s enhanced economic and trade ties with different markets should render support to trade performance. The Government will continue to closely monitor the external environment and stay vigilant to the elevated geopolitical tensions and uncertainties surrounding trade policies.
     
    Further information
     
    Table 1 presents the analysis of external merchandise trade statistics for May 2025. Table 2 presents the original monthly trade statistics from January 2022 to May 2025, and Table 3 gives the seasonally adjusted series for the same period.
     
    The values of total exports of goods to 10 main destinations for May 2025 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
     
    Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for May 2025.
     
    All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for May 2025 will be released in mid-July 2025.
     
    The May 2025 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in May 2025 and will be available in early July 2025. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230 
    Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).
    Issued at HKT 16:30

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    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 26, 2025
  • MIL-OSI Asia-Pac: Wage and payroll statistics for March 2025

    Source: Hong Kong Government special administrative region

    Wage and payroll statistics for March 2025 
    According to the figures released today (June 26) by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 3.5% in nominal terms in March 2025 over a year earlier.
     
    About 62% of the companies reported increase in average wage rates in March 2025 compared with a year ago. A total of 34% of the companies recorded decrease in average wage rates over the same period. The remaining 4% reported virtually no change in average wage rates.
     
    After discounting the changes in consumer prices as measured by the Consumer Price Index (A), the overall average wage rate for all the selected industry sections surveyed increased by 1.6% in real terms in March 2025 over a year earlier.
     
    As for payroll, the index of payroll per person engaged for all the industry sections surveyed increased by 3.2% in nominal terms in the first quarter of 2025 over a year earlier.
     
    After discounting the changes in consumer prices as measured by the Composite Consumer Price Index, the average payroll per person engaged increased by 1.6% in real terms in the first quarter of 2025 compared with a year earlier.
     
    The wage rate includes basic wages and other regular and guaranteed allowances and bonuses. Payroll includes elements covered by wage rate as well as other irregular payments to workers such as discretionary bonuses and overtime allowances. The payroll statistics therefore tend to show relatively larger quarter-to-quarter changes, affected by the number of hours actually worked and the timing of payment of bonuses and back-pay.
     
    Sectoral changes
     
    For the nominal wage indices, year-on-year increases were recorded in all selected industry sections in March 2025, ranging from 3.1% to 4.1%.
     
    For the real wage indices, year-on-year increases were also recorded in all selected industry sections in March 2025, ranging from 1.1% to 2.1%.
     
    The year-on-year changes in the nominal and real wage indices for the selected industry sections from March 2024 to March 2025 are shown in Table 1.
     
    As for the nominal indices of payroll per person engaged, year-on-year increases were recorded in all selected industry sections in the first quarter of 2025, ranging from 2.0% to 3.9%.
     
    For the real payroll indices, year-on-year increases were also recorded in all selected industry sections in the first quarter of 2025, ranging from 0.4% to 2.3%.
     
    The year-on-year changes in the nominal and real indices of payroll per person engaged for selected industry sections from the first quarter of 2024 to the first quarter of 2025 are shown in Table 2. The quarterly changes in the seasonally adjusted nominal and real indices of payroll per person engaged in the same period are shown in Table 3.
     
    Commentary
     
    A Government spokesman said that wages and labour earnings continued to increase in all surveyed industries in the first quarter of 2025 over a year earlier.
     
    The average wage rate for all selected industries increased by 3.5% in nominal terms in March 2025. After discounting for inflation, the average wage rate increased by 1.6% in real terms.
     
    Payroll per person engaged, which includes basic wage, discretionary bonuses and other irregular payments, rose by 3.2% in nominal terms and 1.6% in real terms in the first quarter of 2025.
     
    Looking ahead, the expansion of the Hong Kong economy should render support to labour demand and thus wages and labour earnings, though the external uncertainties and the changing consumption patterns of residents and visitors may continue to pose challenges.
     
    Other information
     
    Both wage indices and payroll indices are compiled quarterly based on the results of the Labour Earnings Survey (LES) conducted by C&SD. Wage index only covers employees up to the supervisory level (i.e. not including managerial and professional employees), whereas payroll index covers employees at all levels and proprietors actively engaged in the work of the establishment.
     
    Apart from the differences in employee coverage, wage statistics are conceptually different from the payroll statistics. Firstly, wage rate for an employee refers to the sum earned for his normal hours of work. It covers basic wages and other regular and guaranteed allowances and bonuses, but excludes earnings from overtime work and discretionary bonuses, which are however included in payroll per person engaged. Secondly, the payroll index of an industry is an indicator of the simple average payroll received per person engaged in the industry. Its movement is therefore affected by changes in wage rates, number of hours of work and occupational composition in the industry. In contrast, the wage index of an industry is devised to reflect the pure changes in wage rate, with the occupational composition between two successive statistical periods being kept unchanged. In other words, the wage index reflects the change in the price of labour. Because of these conceptual and enumeration differences between payroll and wage statistics, the movements in payroll indices and in wage indices do not necessarily match closely with each other.
     
    It should also be noted that different consumer price indices are used for compiling the real indices of wage and payroll to take into account the differences in their respective occupation coverage. Specifically, the Composite Consumer Price Index, being an indicator of overall consumer prices, is taken as the price deflator for payroll of workers at all levels of the occupational hierarchy. The Consumer Price Index (A), being an indicator of consumer prices for the relatively low expenditure group, is taken as the price deflator for wages in respect of employees engaged in occupations up to the supervisory level.
     
    Detailed breakdowns of the payroll and wage statistics are published in the “Quarterly Report of Wage and Payroll Statistics, March 2025”. Users can browse and download the publication at the website of C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1050009&scode=210 
       For enquiries on wage and payroll statistics, please contact the Wages and Labour Costs Statistics Section (1) of C&SD (Tel: 2887 5550 or email:
    wage@censtatd.gov.hkIssued at HKT 16:30

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    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 26, 2025
  • MIL-OSI Asia-Pac: Wage and payroll statistics for March 2025

    Source: Hong Kong Government special administrative region

    Wage and payroll statistics for March 2025 
    According to the figures released today (June 26) by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 3.5% in nominal terms in March 2025 over a year earlier.
     
    About 62% of the companies reported increase in average wage rates in March 2025 compared with a year ago. A total of 34% of the companies recorded decrease in average wage rates over the same period. The remaining 4% reported virtually no change in average wage rates.
     
    After discounting the changes in consumer prices as measured by the Consumer Price Index (A), the overall average wage rate for all the selected industry sections surveyed increased by 1.6% in real terms in March 2025 over a year earlier.
     
    As for payroll, the index of payroll per person engaged for all the industry sections surveyed increased by 3.2% in nominal terms in the first quarter of 2025 over a year earlier.
     
    After discounting the changes in consumer prices as measured by the Composite Consumer Price Index, the average payroll per person engaged increased by 1.6% in real terms in the first quarter of 2025 compared with a year earlier.
     
    The wage rate includes basic wages and other regular and guaranteed allowances and bonuses. Payroll includes elements covered by wage rate as well as other irregular payments to workers such as discretionary bonuses and overtime allowances. The payroll statistics therefore tend to show relatively larger quarter-to-quarter changes, affected by the number of hours actually worked and the timing of payment of bonuses and back-pay.
     
    Sectoral changes
     
    For the nominal wage indices, year-on-year increases were recorded in all selected industry sections in March 2025, ranging from 3.1% to 4.1%.
     
    For the real wage indices, year-on-year increases were also recorded in all selected industry sections in March 2025, ranging from 1.1% to 2.1%.
     
    The year-on-year changes in the nominal and real wage indices for the selected industry sections from March 2024 to March 2025 are shown in Table 1.
     
    As for the nominal indices of payroll per person engaged, year-on-year increases were recorded in all selected industry sections in the first quarter of 2025, ranging from 2.0% to 3.9%.
     
    For the real payroll indices, year-on-year increases were also recorded in all selected industry sections in the first quarter of 2025, ranging from 0.4% to 2.3%.
     
    The year-on-year changes in the nominal and real indices of payroll per person engaged for selected industry sections from the first quarter of 2024 to the first quarter of 2025 are shown in Table 2. The quarterly changes in the seasonally adjusted nominal and real indices of payroll per person engaged in the same period are shown in Table 3.
     
    Commentary
     
    A Government spokesman said that wages and labour earnings continued to increase in all surveyed industries in the first quarter of 2025 over a year earlier.
     
    The average wage rate for all selected industries increased by 3.5% in nominal terms in March 2025. After discounting for inflation, the average wage rate increased by 1.6% in real terms.
     
    Payroll per person engaged, which includes basic wage, discretionary bonuses and other irregular payments, rose by 3.2% in nominal terms and 1.6% in real terms in the first quarter of 2025.
     
    Looking ahead, the expansion of the Hong Kong economy should render support to labour demand and thus wages and labour earnings, though the external uncertainties and the changing consumption patterns of residents and visitors may continue to pose challenges.
     
    Other information
     
    Both wage indices and payroll indices are compiled quarterly based on the results of the Labour Earnings Survey (LES) conducted by C&SD. Wage index only covers employees up to the supervisory level (i.e. not including managerial and professional employees), whereas payroll index covers employees at all levels and proprietors actively engaged in the work of the establishment.
     
    Apart from the differences in employee coverage, wage statistics are conceptually different from the payroll statistics. Firstly, wage rate for an employee refers to the sum earned for his normal hours of work. It covers basic wages and other regular and guaranteed allowances and bonuses, but excludes earnings from overtime work and discretionary bonuses, which are however included in payroll per person engaged. Secondly, the payroll index of an industry is an indicator of the simple average payroll received per person engaged in the industry. Its movement is therefore affected by changes in wage rates, number of hours of work and occupational composition in the industry. In contrast, the wage index of an industry is devised to reflect the pure changes in wage rate, with the occupational composition between two successive statistical periods being kept unchanged. In other words, the wage index reflects the change in the price of labour. Because of these conceptual and enumeration differences between payroll and wage statistics, the movements in payroll indices and in wage indices do not necessarily match closely with each other.
     
    It should also be noted that different consumer price indices are used for compiling the real indices of wage and payroll to take into account the differences in their respective occupation coverage. Specifically, the Composite Consumer Price Index, being an indicator of overall consumer prices, is taken as the price deflator for payroll of workers at all levels of the occupational hierarchy. The Consumer Price Index (A), being an indicator of consumer prices for the relatively low expenditure group, is taken as the price deflator for wages in respect of employees engaged in occupations up to the supervisory level.
     
    Detailed breakdowns of the payroll and wage statistics are published in the “Quarterly Report of Wage and Payroll Statistics, March 2025”. Users can browse and download the publication at the website of C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1050009&scode=210 
       For enquiries on wage and payroll statistics, please contact the Wages and Labour Costs Statistics Section (1) of C&SD (Tel: 2887 5550 or email:
    wage@censtatd.gov.hkIssued at HKT 16:30

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 26, 2025
  • MIL-OSI Asia-Pac: FSTB welcomes Shanghai Gold Exchange’s launch of International Board certified vault in Hong Kong

    Source: Hong Kong Government special administrative region

    FSTB welcomes Shanghai Gold Exchange’s launch of International Board certified vault in Hong Kong???
         The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The SGE’s decision to establish its first International Board certified vault in Hong Kong offers international investors an option for delivering gold offshore. This marks a key stride in the internationalisation of our country’s gold market, extending the global footprint of RMB-denominated gold trading, and further strengthening Hong Kong’s role in the regional market. The Government is pushing ahead with the development of an international gold trading centre in Hong Kong to tap into new growth areas for financial services as well as to consolidate and enhance Hong Kong’s status as an international financial centre. As such, I have engaged with various stakeholders from overseas and the Mainland during my recent duty visits to gather their views on this initiative. The SGE’s establishment of a certified vault in Hong Kong will, on one hand, attract more international investors to participate in the SGE’s trading and, at the same time, increase gold storage in Hong Kong, thus driving the development of related services. This will undoubtedly give impetus to our development of an international gold trading centre.”

    He added, “Hong Kong has the unique advantages under the ‘one country, two systems’ principle and is able to provide comprehensive financial, logistics, and shipping services. Coupled with a deep offshore Renminbi liquidity pool, international institutional investors will enjoy facilitation in their participation in gold trading with delivery in Hong Kong. Last week, the Hong Kong Special Administrative Region Government and the Shanghai Municipal Government signed the Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centres. This case stands as a successful example of Shanghai-Hong Kong collaborative development. I look forward to the further deepening of co-operation, expansion of mutual market access between the two markets, and scaling up of two-way participation between Hong Kong and Shanghai by complementing the advantages of the two leading international financial centres under the ‘one country, two systems’ framework.”Issued at HKT 17:34

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 26, 2025
  • MIL-OSI Asia-Pac: Mainland-listed software provider establishes international headquarters in Hong Kong to “go global” (with photo)

    Source: Hong Kong Government special administrative region

    Mainland-listed software provider establishes international headquarters in Hong Kong to “go global” (with photo)
         Associate Director-General of Investment Promotion Mr Charles Ng welcomed the decision of Information2 Software to set up its international headquarters in Hong Kong. He said, “As an international business and financial hub, Hong Kong attracts multinational corporations and small and medium-sized enterprises to set up their presence in the city. They have a strong demand for reliable, stable, and secure disaster recovery backup systems to prevent data breaches and cyber attacks, providing huge business opportunities for software providers like Information2 Software. Hong Kong is the perfect base for their internationalisation.”

         The Chairman and Chief Executive Officer of Information2 Software, Mr Justin Hu, said, “The Hong Kong office not only provides better services to customers in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, but also deepens our co-operation with local partners to provide more local market-oriented support. The city is also our starting point to expand into the Southeast Asian and global markets. We can leverage its international legal framework and financial services system to facilitate our ‘going global’ strategy.”

         Mr Hu added, “Hong Kong has an open, efficient, and internationalised market, making it our first stop to expand globally. We hope to leverage the city’s unique advantages to establish an international platform for our operations. We position Hong Kong as the headquarters for our overseas business, with future plans to develop it into an international market and a research and development base for international talent, further building a comprehensive marketing and service system, and making it a key foundation in our global strategic plans.”

         Listed on the Shanghai Stock Exchange’s Science and Technology Innovation Board (STAR Market) in January 2023, Information2 Software is a leading provider of data backup and disaster recovery on the Mainland. The company has established over 30 outlets on the Mainland. Mr Hu said, “In recent years, we have been continuously advancing our global layout. With its highly open business environment, sound legal system, mature financial system, and multilingual, diversified talent pool, Hong Kong is our ideal platform to further serve international customers and expand overseas markets.”

         For more information about Information2 Software, please visit www.info2soft.com    
         To get a copy of the photo, please visit
    www.flickr.com/photos/investhk/albums/72177720327086216Issued at HKT 16:45

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 26, 2025
  • MIL-OSI: Altcoin Season Officially Begins With Bitcoin Solaris: The Bitcoin Alternative Creating a New Wealthy Class

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 26, 2025 (GLOBE NEWSWIRE) — crypto world has seen its fair share of trends, seasons, and tokens that promised to change the financial landscape. But this time, something feels different. Investors are not just chasing hype. They’re analyzing architecture, technology, and long-term sustainability. As altcoin season kicks off again, one name is echoing louder across communities, forums, and influencer breakdowns: Bitcoin Solaris. It is not a meme coin. It’s not a pump-and-dump. It is the foundation of what could be crypto’s next generational wealth movement.

    Engineered for the Future: Bitcoin Solaris as a Scalable Financial Platform

    Bitcoin Solaris is designed from the ground up to meet the demands of today’s digital economy. Built for speed, efficiency, and accessibility, it aims to power a new era of decentralized finance and utility-driven crypto engagement.

    With native support for smart contracts, seamless scalability, and an energy-efficient framework, Bitcoin Solaris empowers everyday users and seasoned investors alike. Whether through mining, staking, or application deployment, the platform delivers real-world usability that aligns with long-term adoption goals.

    By focusing on innovation, inclusion, and sustainability, Bitcoin Solaris opens a new economic path for those seeking reliable blockchain infrastructure and meaningful participation in the crypto economy.

    Why Bitcoin Solaris Is Leading This Altcoin Season

    Bitcoin Solaris (BTC-S) isn’t climbing the charts by chance. It is engineered for performance, adoption, and wealth distribution. The upcoming Solaris Nova App is a breakthrough move, letting anyone mine from their mobile phone or laptop without needing expensive gear or deep technical knowledge. This isn’t theoretical. Through the exciting release of the app, Bitcoin Solaris is shifting the mining landscape into something accessible and instantly rewarding.

    But accessibility is just the beginning. Behind BTC-S lies a double-layered engine:

    • The Base Layer uses Proof of Work (PoW) combined with Proof of Contribution (PoC) to ensure rock-solid decentralization.
    • The Application Layer utilizes Proof of History (PoH) and Proof of Time (PoT), allowing 10,000 transactions per second with a finality speed of just 2 seconds.

    This dual-consensus approach gives Bitcoin Solaris unmatched versatility and scalability.

    • Network processes 10,000+ TPS with near-instant settlement.
    • Smart contracts are programmable across multiple use cases, including DeFi, gaming, and payments.
    • Energy efficiency is enhanced by design, reducing unnecessary consumption.
    • Validator rotation ensures fairness and network resilience.

    All of this is powered by a limited 21 million token supply, echoing Bitcoin’s iconic scarcity principle while improving every other layer of functionality.

    Mining as a Path to Wealth

    Mining Bitcoin Solaris doesn’t require a warehouse of GPUs or sky-high electricity bills. Thanks to its design, mining is directly tied to holding BTC-S, which reduces sell pressure and strengthens the network. This circular model means that the more engaged the community, the more sustainable the system.

    Anyone can estimate their potential profits using the Bitcoin Solaris mining calculator, which gives real-time insights based on token holdings and participation.

    This user-centric mining approach has already gained massive interest. Influencer breakdowns, like the detailed review from Crypto Show, highlight how BTC-S bridges the gap between decentralization, accessibility, and profitability.

    The Explosive Rise of the Presale

    The current phase of the Bitcoin Solaris presale is causing serious waves. With the price now at $9 and less than 6 weeks left before the launch at $20, urgency is in the air. Over 12,300 users have already joined the movement. It’s not just one of the most talked-about presales in 2025. It is shaping up to be one of the most explosive in crypto history.

    Newcomers entering now can still lock in an 7 percent bonus. Early-stage buyers have already seen remarkable growth. The momentum keeps building as funds raised surpass $5 million, and the Bitcoin Solaris presale continues attracting the kind of FOMO most projects only dream of. You can learn more and join the growing ecosystem via the official Bitcoin Solaris website.

    The Referral Program: A Wealth Accelerator

    Bitcoin Solaris has also structured one of the smartest community-driven campaigns through its referral system. Referrers earn a 5 percent BTC-S bonus on every purchase through their link, while the invited participants also receive a 5 percent bonus on their purchase. It’s a double-reward design that encourages growth and inclusivity.

    Add to that the daily mini games introduced by bitcoin solaris for holders to earn free prizes on a daily basis, the earning potential is just limitless.

    Long-Term Strength: Audits, Ecosystem, and Stability

    Bitcoin Solaris is not flying under the radar. The platform has passed full security audits by both Cyberscope and Freshcoins, which adds confidence in its code and operations. Meanwhile, its Telegram and X channels keep users connected and informed, giving BTC-S the transparency needed for long-term engagement.

    Another reason this project is becoming a pillar of altcoin season is how carefully it was structured post-launch. Its price stability model includes:

    • A mining-first token distribution, with over 66 percent of tokens reserved for long-term contributors.
    • A fixed 21 million supply that mimics Bitcoin while rewarding network participants.
    • Controlled exchange listings to prevent fragmentation and maintain liquidity.

    All these aspects contribute to one thing: Bitcoin Solaris isn’t trying to be the next meme. It is focused on building the next financial infrastructure layer.

    Final Verdict

    Bitcoin Solaris is positioned at the intersection of accessibility, innovation, and community. As the altcoin season unfolds, its presale success, user-focused mining app, and strong technical foundation are making it one of the most compelling opportunities of 2025.

    Whether you’re new to crypto or a seasoned investor, Bitcoin Solaris offers a gateway to the next era of decentralized wealth-building.

    Learn More and Join the Movement
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c59a561a-ef05-40c3-893e-24adcf9e9cca

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85b0aa6d-27cc-4fc3-bc04-0a61402742a8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5cbe5ba3-bf57-4692-8426-2eb8dba166da

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dd4a2bf0-23e7-40fb-8b8d-da80618ea174

    The MIL Network –

    June 26, 2025
  • MIL-OSI: Altcoin Season Officially Begins With Bitcoin Solaris: The Bitcoin Alternative Creating a New Wealthy Class

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 26, 2025 (GLOBE NEWSWIRE) — crypto world has seen its fair share of trends, seasons, and tokens that promised to change the financial landscape. But this time, something feels different. Investors are not just chasing hype. They’re analyzing architecture, technology, and long-term sustainability. As altcoin season kicks off again, one name is echoing louder across communities, forums, and influencer breakdowns: Bitcoin Solaris. It is not a meme coin. It’s not a pump-and-dump. It is the foundation of what could be crypto’s next generational wealth movement.

    Engineered for the Future: Bitcoin Solaris as a Scalable Financial Platform

    Bitcoin Solaris is designed from the ground up to meet the demands of today’s digital economy. Built for speed, efficiency, and accessibility, it aims to power a new era of decentralized finance and utility-driven crypto engagement.

    With native support for smart contracts, seamless scalability, and an energy-efficient framework, Bitcoin Solaris empowers everyday users and seasoned investors alike. Whether through mining, staking, or application deployment, the platform delivers real-world usability that aligns with long-term adoption goals.

    By focusing on innovation, inclusion, and sustainability, Bitcoin Solaris opens a new economic path for those seeking reliable blockchain infrastructure and meaningful participation in the crypto economy.

    Why Bitcoin Solaris Is Leading This Altcoin Season

    Bitcoin Solaris (BTC-S) isn’t climbing the charts by chance. It is engineered for performance, adoption, and wealth distribution. The upcoming Solaris Nova App is a breakthrough move, letting anyone mine from their mobile phone or laptop without needing expensive gear or deep technical knowledge. This isn’t theoretical. Through the exciting release of the app, Bitcoin Solaris is shifting the mining landscape into something accessible and instantly rewarding.

    But accessibility is just the beginning. Behind BTC-S lies a double-layered engine:

    • The Base Layer uses Proof of Work (PoW) combined with Proof of Contribution (PoC) to ensure rock-solid decentralization.
    • The Application Layer utilizes Proof of History (PoH) and Proof of Time (PoT), allowing 10,000 transactions per second with a finality speed of just 2 seconds.

    This dual-consensus approach gives Bitcoin Solaris unmatched versatility and scalability.

    • Network processes 10,000+ TPS with near-instant settlement.
    • Smart contracts are programmable across multiple use cases, including DeFi, gaming, and payments.
    • Energy efficiency is enhanced by design, reducing unnecessary consumption.
    • Validator rotation ensures fairness and network resilience.

    All of this is powered by a limited 21 million token supply, echoing Bitcoin’s iconic scarcity principle while improving every other layer of functionality.

    Mining as a Path to Wealth

    Mining Bitcoin Solaris doesn’t require a warehouse of GPUs or sky-high electricity bills. Thanks to its design, mining is directly tied to holding BTC-S, which reduces sell pressure and strengthens the network. This circular model means that the more engaged the community, the more sustainable the system.

    Anyone can estimate their potential profits using the Bitcoin Solaris mining calculator, which gives real-time insights based on token holdings and participation.

    This user-centric mining approach has already gained massive interest. Influencer breakdowns, like the detailed review from Crypto Show, highlight how BTC-S bridges the gap between decentralization, accessibility, and profitability.

    The Explosive Rise of the Presale

    The current phase of the Bitcoin Solaris presale is causing serious waves. With the price now at $9 and less than 6 weeks left before the launch at $20, urgency is in the air. Over 12,300 users have already joined the movement. It’s not just one of the most talked-about presales in 2025. It is shaping up to be one of the most explosive in crypto history.

    Newcomers entering now can still lock in an 7 percent bonus. Early-stage buyers have already seen remarkable growth. The momentum keeps building as funds raised surpass $5 million, and the Bitcoin Solaris presale continues attracting the kind of FOMO most projects only dream of. You can learn more and join the growing ecosystem via the official Bitcoin Solaris website.

    The Referral Program: A Wealth Accelerator

    Bitcoin Solaris has also structured one of the smartest community-driven campaigns through its referral system. Referrers earn a 5 percent BTC-S bonus on every purchase through their link, while the invited participants also receive a 5 percent bonus on their purchase. It’s a double-reward design that encourages growth and inclusivity.

    Add to that the daily mini games introduced by bitcoin solaris for holders to earn free prizes on a daily basis, the earning potential is just limitless.

    Long-Term Strength: Audits, Ecosystem, and Stability

    Bitcoin Solaris is not flying under the radar. The platform has passed full security audits by both Cyberscope and Freshcoins, which adds confidence in its code and operations. Meanwhile, its Telegram and X channels keep users connected and informed, giving BTC-S the transparency needed for long-term engagement.

    Another reason this project is becoming a pillar of altcoin season is how carefully it was structured post-launch. Its price stability model includes:

    • A mining-first token distribution, with over 66 percent of tokens reserved for long-term contributors.
    • A fixed 21 million supply that mimics Bitcoin while rewarding network participants.
    • Controlled exchange listings to prevent fragmentation and maintain liquidity.

    All these aspects contribute to one thing: Bitcoin Solaris isn’t trying to be the next meme. It is focused on building the next financial infrastructure layer.

    Final Verdict

    Bitcoin Solaris is positioned at the intersection of accessibility, innovation, and community. As the altcoin season unfolds, its presale success, user-focused mining app, and strong technical foundation are making it one of the most compelling opportunities of 2025.

    Whether you’re new to crypto or a seasoned investor, Bitcoin Solaris offers a gateway to the next era of decentralized wealth-building.

    Learn More and Join the Movement
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c59a561a-ef05-40c3-893e-24adcf9e9cca

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85b0aa6d-27cc-4fc3-bc04-0a61402742a8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5cbe5ba3-bf57-4692-8426-2eb8dba166da

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dd4a2bf0-23e7-40fb-8b8d-da80618ea174

    The MIL Network –

    June 26, 2025
  • MIL-OSI Africa: Ghana: The 2024 Consolidated MDAS Annual Budget Performance Report


    Download logo

    The years prior to 2024 proved to be very difficult globally. In Ghana, we saw the most ignoble deterioration of the economy and broader societal well-being. Inflation galloped, exchange rate depreciated sharply and remained volatile. Interest rates rose and credit became simply unaffordable. Ghana, therefore had no option but to seek support from the IMF through the Extended Credit Facility (ECF) programme on the heels of an expansive domestic and external debt restructuring which had severe consequences.

    In that context, the year 2024, being an election year, was uniquely significant. The Government set for itself macro-economic targets focused on re-anchoring fiscal and debt sustainability. The promise was to course-correct the misalignment in key indicators to support the economy.

    Despite the progress made under the IMF programme, the macroeconomic environment remained fragile. The economy remained fragile, with 2024 recording significant fiscal slippages. The Primary deficit worsened, and the year ended with accumulation of huge central government arrears amounting to GH¢67.5 billion representing 5.7 percent of GDP.

    The lessons from this challenging national economic experience are there for everyone: fiscal slippages are costly and far-reaching. These experiences validate the prudence in requiring the preparation of the Annual Budget Performance Report (BPR) as part of the Public Financial Management Act, 2016 (Act 921), as amended. Beyond meeting the requirements of the PFM Act, the BPR enables us to assess the performance and impact of our policy choices and take corrective measures where necessary. Furthermore, in accordance with the provisions of Section 27 of the PFM Act, stakeholders will receive updates on the actions taken to implement the recommendations of Parliament in respect of the report of the Auditor-General as well as updates on multi-year expenditure undertaken in 2024.

    I must state that the key lessons from this BPR will guide our choices in the post-2024 era as we work to reset economy towards the Ghana we want. We must, and we will, build a new culture that promotes and sustains fiscal discipline.

    As is always the case, this BPR is the product of cross-sectoral collaborations. The Ministry of Finance is thankful to the Ministries, Departments and Agencies who provided critical inputs and validated information. The efforts of the staff of this Ministry, who have coordinated the preparation of this BPR, are also acknowledged. Your sense of professionalism and commitment to the national cause is indeed endearing. As a Ministry, we will stand ready to provide clarification and respond to any related queries through the established channels, including the Right to Information Platform.

    A new era is upon us. We have a great opportunity to rewrite our most recent economic history in a positive light. Let us join forces and work together to build the Ghana we want. It is our promise and duty to do so.

    Distributed by APO Group on behalf of Ministry of Finance – Republic of Ghana.

    MIL OSI Africa –

    June 26, 2025
  • MIL-OSI Europe: Written question – Regenerative agriculture – E-002446/2025

    Source: European Parliament

    Question for written answer  E-002446/2025
    to the Commission
    Rule 144
    Ioan-Rareş Bogdan (PPE)

    The transition to more sustainable agricultural practices that contribute to climate mitigation, adaptation and the restoration of ecosystems is a challenging process.

    In this context, regenerative agriculture, with its focus on soil health, carbon sequestration, water retention and biodiversity enhancement, is increasingly recognised as a promising approach to address these interconnected challenges.

    Despite its potential benefits, regenerative agriculture is not yet defined within EU policies. Farmers willing to adopt such practices often face barriers, including limited financial incentives, technical support and market recognition.

    • 1.How does the Commission intend to support and integrate regenerative agriculture in order to ensure consistency between policy design, funding and monitoring at EU level?
    • 2.What measures will the Commission take to promote research, innovation and knowledge transfer on regenerative farming systems and to ensure that small and medium-sized farms can benefit from these advances?
    • 3.Does the Commission plan to strengthen financial and technical support for farmers who adopt regenerative agricultural practices?

    Submitted: 18.6.2025

    Last updated: 26 June 2025

    MIL OSI Europe News –

    June 26, 2025
  • MIL-OSI Europe: Written question – Commission guidance on the compensation models for electricity demand response through aggregation – E-002465/2025

    Source: European Parliament

    Question for written answer  E-002465/2025
    to the Commission
    Rule 144
    Bruno Tobback (S&D)

    The Commission has announced that a white paper on electricity market integration will be published in late 2025. It will address governance issues while also exploring flexibility compensation.

    With regard to electricity demand response through aggregation, European legislation[1] establishes that countries ‘may require electricity undertakings or participating final customers to pay financial compensation to other market participants or to the market participants’ balance responsible parties, if those market participants or balance responsible parties are directly affected by demand response activation’. At the same time, this financial compensation must not create a barrier to market entry for market participants who are engaged in aggregation, nor a barrier to flexibility. However, when this is read in conjunction with the proposed Article 55A of the Electricity Balancing Regulation[2], within the newly proposed draft network code on demand response, it is unclear which model should be used to ensure correct compensation. This has raised issues in countries such as France, where direct compensation models have created barriers to market access.

    Will the Commission publish guidance on compensation models so that countries can fulfil their obligations under Article 17(4) of Directive (EU) 2019/944?

    Submitted: 18.6.2025

    • [1] Article 17(4) of Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU (OJ L 158, 14.6.2019, p. 125, ELI: http://data.europa.eu/eli/dir/2019/944/oj).
    • [2] Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing (OJ L 312, 28.11.2017, p. 6, ELI: http://data.europa.eu/eli/reg/2017/2195/oj).
    Last updated: 26 June 2025

    MIL OSI Europe News –

    June 26, 2025
  • MIL-OSI Europe: EIB provides €107.5 million to back security and defence in Italy

    Source: European Investment Bank

    ©Don Jackson/ Unsplash

    • The EIB financing will contribute to the purchase of helicopters for the Italian army.
    • This is the third agreement between the EIB, the Italian Ministry of Economy and Finance and the Italian Ministry of Defence.

    The European Investment Bank (EIB) has signed a new strategic agreement with the Ministry of Economy and Finance and the Ministry of Defence, with the goal of further strengthening Italy’s security and defence capabilities.

    The operation is part of the EIB’s broader commitment to European security and defence. It recently expanded its eligibility criteria to backing military projects, in line with EU priorities.

    The loan will be disbursed to the Ministry of Economy and Finance, which will then channel the EIB resources to the Ministry of Defence. The favourable conditions offered by the EIB on international markets mean that the loan will enable the Italian government to make substantial interest savings over the 20-year term.

    This is the third agreement of its kind between the EIB, the Ministry of Economy and Finance and the Ministry of Defence In 2022, the EIB provided €240 million to finance the purchase of 16 light helicopters for the Italian Carabinieri and upgrades to the national air traffic control system, while in 2020, it provided €220 million to build three hydro-oceanographic vessels.

    “This agreement shows the EIB’s growing commitment to supporting European security and defence, and is the result of ongoing fruitful dialogue with the Italian government to promote strategic investments strengthening the competitiveness and security of Italy,” said EIB Vice-President Gelsomina Vigliotti. “We will continue to work side by side with our partners to safeguard the strategic autonomy of the European Union.”

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight key priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. The EIB Group, which also includes the European Investment Fund (EIF), signed over 900 projects worth nearly €89 billion in 2024, boosting Europe’s competitiveness and security. The EIB Group signed 99 operations totalling €10.98 billion in Italy in 2024, helping to unlock almost €37 billion of investment in the real economy. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. Fostering market integration and mobilising investment, the funds made available by the Group unlocked over €100 billion in new investment for Europe’s energy security in 2024 and mobilised a further €110 billion for startups and scale-ups. Around half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    MIL OSI Europe News –

    June 26, 2025
  • MIL-OSI Europe: Press release – European Parliament Press Kit for the European Council of 26 – 27 June 2025

    Source: European Parliament

    European Parliament President Roberta Metsola will represent the European Parliament at the summit, where she will address the heads of state or government at 11.00 and hold a press conference after her speech.

    When: Press conference at around 11.45 on 26 June

    Where: European Council press room and via Parliament’s webstreaming or EbS.

    At their meeting in Brussels, the heads of state or government will focus on ways to bolster EU competitiveness. They will also discuss how the EU can continue supporting Kyiv against Russia’s aggression – with Ukrainian President Volodymyr Zelenskyy, how to strengthen the EU’s defence capabilities, and the EU’s response to the escalation in the Middle East. Leaders will also discuss migration and the situation in the Western Balkans.

    Competitiveness

    In a resolution, adopted on Thursday 19 June in response to the European Commission’s Clean Industrial Deal plan, Parliament stresses the need to combine climate action with industrial competitiveness. It underscores the importance of the EU’s newly established industrial decarbonisation bank, which MEPs consider vital for scaling up investment in clean technologies. The resolution addresses the importance of regulatory simplification and the need to streamline permitting procedures to support the transition and innovation efforts of small businesses. MEPs also support the action plan for affordable energy and want measures to boost cross-border energy infrastructure and to complete the energy union.

    On 18 June, MEPs adopted a resolution highlighting the stabilising effect of the Recovery and Resilience Facility (RRF) at a time of significant economic uncertainty in Europe. They note that the RRF prevented the fragmentation of the EU internal market and promoted economic recovery in member states. MEPs are concerned that the short timeframe for the implementation of outstanding RRF funding poses challenges to the completion of key reforms, large-scale investments and innovative projects, as well as the 70% of milestones and targets that have still to be reached. They urge the Commission to set up new programmes, which should be flexible and reactive to changing circumstances and guarantee predictability. MEPs also demand an 18-month extension for ongoing mature projects.

    In a keynote speech at the event “Europe at the crossroads” on 13 May, Parliament President Roberta Metsola outlined her vision for a smarter, stronger and safer Europe. The President argued “the time of hypothetical crossroads is over. There is only one path left: forward and together”. She called for a different Europe, which is more realistic, more self-critical and supportive of its industries, with less regulation and more innovation. On the need to cut back regulation, she said: “Europe’s simplification agenda needs to signal the start of a new Europe and with the upcoming MFF, trigger an economic boom.”

    Further reading

    Clean Industrial Deal must marry industrial competitiveness with climate action

    National recovery plans should add to EU resilience and strategic autonomy

    Metsola calls to “re-launch Europe as a global power”

    MEPs call for a more competitive EU that respects social and labour standards

    Russia’s war of aggression against Ukraine

    On 16 June, Parliament debated the human cost of Russia’s war against Ukraine and the urgent need to end Russian aggression, the situation of illegally detained civilians and prisoners of war, and the continued bombing of civilians. You can watch the debate here. Parliament ill vote on a resolution on 9 July.

    On 17 June, MEPs agreed to update the EU-Ukraine road transport agreement and extend it until the end of 2025, to continue facilitating the movement of goods in and out of the country. Concluded in June 2022, the agreement has facilitated the transport of vital goods such as fuel and humanitarian aid into Ukraine, and enabled Ukrainian exports such as grain, ore, and steel to reach the EU and beyond. Set to expire in June 2024, its application continued provisionally pending formal backing by MEPs and the EU Council of its extension until the end of 2025.

    On 22 May, MEPs backed increased tariffs on fertilisers and certain Russian and Belarusian agricultural goods, seeking to reduce EU dependency on those imports. Plenary has endorsed the Commission proposal to increase by 50% EU tariffs on agricultural products from Russia and Belarus that were not yet subject to extra customs duties. The aim is to reduce EU dependence on the two countries still further. Products targeted by the new tariffs include sugar, vinegar, flour and animal feed.

    In a resolution adopted on 8 May, MEPs strongly condemn Russia’s “genocidal strategy”, with the support of Belarus, designed to erase Ukrainian identity. The forced transfer and deportation of Ukrainian children, their illegal adoption, their assassination, and the forced Russification and militarisation must stop. Russia must report the identities and whereabouts of all deported Ukrainian children and ensure their well-being and safe and unconditional return. The Russian authorities must also, MEPs say, allow international organisations, such as the International Committee of the Red Cross, the Office of the UN High Commissioner for Human Rights and UNICEF, access to all deported Ukrainian children.

    On 8 May, MEPs voted to renew the suspension of import duties and quotas for certain imports from Ukraine, such as iron and steel, due to expire on 5 June 2025.With the adoption of the Autonomous Trade Measures (ATM) Regulation, the EU liberalised trade with Ukraine by suspending trade defence measures on 4 June 2022. MEPs have now approved the proposed prolongation of these trade liberalisation measures, which focus steel, to provide Ukraine with vital export revenues

    On 7 May, Parliament discussed with Commission President von der Leyen and Polish Minister for EU Affairs Szłapka how the EU can contribute to achieving a just, sustainable, and comprehensive peace deal for Ukraine. The debate focussed on the EU’s political, financial and military support for Ukraine, and its role in efforts to secure a peace settlement that preserves Ukraine’s sovereignty and territorial integrity and is based on international law.

    Further reading

    European Parliament backs extension of EU-Ukraine road transport agreement

    Parliament approves new tariffs on Russian and Belarussian agricultural goods

    Parliament backs extension of trade liberalisation measure for Ukrainian imports

    The EU must contribute to robust security guarantees for Ukraine

    Joint statement on the third anniversary of Russia’s invasion of Ukraine

    EP Conference of Presidents’ statement on EU support for Ukraine

    How the EU is supporting Ukraine

    EU stands with Ukraine


    European defence and security

    On 18 June, MEPs outlined their expectations for the 24 – 26 June NATO summit in The Hague, Netherlands, in a debate with EU foreign policy chief Kaja Kallas.

    On 24 April, the Committees on Industry, Research and Energy and Security and Defence have adopted their position on the proposed creation of a European defence industry programme (EDIP), designed to strengthen Europe’s defence industry, ramp up defence product manufacturing and provide more support for Ukraine. More specifically, MEPs backed measures to boost Europe’s defence technological and industrial base (EDTIB), to strengthen EU defence and integrate the EU defence industry. They want the new programme to focus on improving the supply of weapons, ammunition and other crisis-relevant products, boosting manufacturing capacities and ensuring their ramp-up, reducing lead times for production and delivery, and increasing stockpiles. MEPs and Council are now negotiating the final shape of the law.

    In a resolution adopted on 12 March, Parliament calls on the EU to act urgently and ensure its own security. This will mean, MEPs say, strengthening relationships with like-minded partners, and strongly diminishing reliance on non-EU countries. The EU needs “truly ground-breaking efforts” and actions “close to those of wartime”, say MEPs, who welcomed the recently tabled ReArm plan. To achieve peace and stability in Europe, the EU must support Ukraine and become more resilient itself, MEPs argue. The resolution says “Europe is today facing the most profound military threat to its territorial integrity since the end of the Cold War”. It calls on member states, international partners, and NATO allies to lift all restrictions on the use of Western weapons systems delivered to Ukraine against military targets on Russian territory.

    Further reading

    MEPs push for a more ambitious European defence industry programme

    MEPs urge the EU to ensure its own security

    “We cannot afford to depend on others to keep us safe”, Metsola tells EU leaders

    “Europe must be responsible for its own security”, Metsola tells EU leaders

    MEPs call on Europe to strengthen its defence capacity

    Rutte to MEPs: “We are safe now, we might not be safe in five years”


    Middle East

    On 17 June, MEPs and EU foreign policy chief Kaja Kallas debated the situation in the Middle East. The debate focussed on the risk of further instability in the Middle East following the Israel-Iran military escalation, the review of the EU-Israel Association Agreement, and the ongoing humanitarian crisis in Gaza.

    On 17 June, the King of Jordan, His Majesty Abdullah II bin Al-Hussein, addressed MEPs at a formal sitting in Strasbourg. Welcoming King Abdullah II of Jordan to the hemicycle, European Parliament President Roberta Metsola said: “The European Parliament appreciates Jordan’s critical efforts in reducing regional tensions, in pushing for a ceasefire in Gaza and for the return of hostages whilst also facilitating so much urgently needed humanitarian aid, as well as for the unwavering support for Palestinian and Syrian refugees and a two-State solution as a path to lasting peace.”

    The King outlined two essential areas for action: first, supporting development, because a thriving Middle East creates opportunities that benefit us all; and second, strong, coordinated action to ensure global security. “Our mutual security won’t be assured until our global community acts, not only to end the three-year war in Ukraine, but also the world’s longest and most destructive flashpoint, the eight-decade-long Palestinian-Israeli conflict.” King Abdullah II added: “Palestinians, like all people, deserve the rights to freedom, sovereignty, and, yes, statehood (…) The path to peace has been walked before. It can be again, if we have the courage to choose it, and the will to walk it together.”

    On 21 May, Parliament discussed the EU’s response to the Israeli government’s plan to seize the Gaza Strip, ensuring effective humanitarian support and the liberation of hostages.

    Further reading

    King Abdullah II of Jordan: “A shameful version of humanity is unfolding in Gaza”

    The EU must support the political transition and reconstruction of Syria


    Western Balkans

    In a vote on 24 June, the Foreign Affairs Committee backed North Macedonia’s EU path and called for bold reforms. Skopje must introduce constitutional changes, strengthen rule of law and fight corruption, MEPs say. The report underlines that EU accession is ultimately a matter of political will—both in enacting reforms and adopting constitutional amendments. MEPs call on all political parties in North Macedonia to engage in constructive dialogue to reach the required consensus, which would strengthen the country’s multi-ethnic character and accelerate EU progress.

    In two reports adopted on 18 June, MEPs welcomed Montenegro´s objective to join the EU in 2028 and praised Moldova’s EU membership efforts. Parliament is calling for political stability in Montenegro and substantial progress regarding electoral and judicial reforms as well as the fight against organised crime and corruption. MEPs stress that Montenegro remains the leading candidate in the EU enlargement process and point to the overwhelming support of its citizens and the majority of political actors for joining the EU in 2028. Parliament welcomes the country’s full alignment with the EU’s common foreign and security policy, including EU sanctions against Russia, and commends Montenegro for its support for the international rules-based order at the United Nations.

    Praising Moldova’s exemplary commitment to advancing its progress towards EU membership, Parliament recognises that EU-Moldova relations have entered a new phase. Cooperation has intensified alongside sustained efforts by the government in Chișinău to align Moldova’s laws with those of the EU (the so-called “EU acquis”). Despite significant internal and external challenges, such as the effects of Russia’s continuing war against neighbouring Ukraine and Moscow’s interference in Moldova’s democratic processes, MEPs are encouraged by the Moldovan government’s progress on meeting the EU’s enlargement requirements and the country’s ambition to open negotiations on more enlargement-related issues.

    In a report adopted on 4 June, the Foreign Affairs Committee has praised Albania’s steadfast commitment to EU accession. MEPs highlight Albania’s broad political consensus and strong public support for joining the EU, alongside full alignment with the EU’s foreign and security policy. While welcoming Albania’s aim to complete accession talks by 2027 and the progress already made, MEPs stress the urgent need to intensify reforms. Key priorities include strengthening judicial independence, combating corruption and organised crime, and protecting fundamental rights. Enhancing media pluralism and transparency remains crucial to building public trust. Plenary will vote on the report on 9 July.

    The Foreign Affairs Committee called urgently for reform and unity in Bosnia and Herzegovina to advance EU accession and tackle corruption and division, in a report adopted on 4 June. MEPs reaffirm their strong support for BiH’s EU accession bid, emphasising a merit-based process aligned with the Copenhagen criteria and grounded in the country’s unity, sovereignty, territorial integrity, and in equality among all citizens. Welcoming the European Council’s decision to open accession negotiations with BiH amid the changing geopolitical landscape following Russia’s full-scale invasion of Ukraine, the committee acknowledged key reforms but expressed concern over stalled progress and weak implementation. The vote in plenary is scheduled for 9 July.

    On 7 May, Parliament adopted two resolutions, saying Kosovo needs to accelerate its EU-related reforms and that Serbia must do more to protect the rule of law and media freedom and to fight corruption.

    Kosovo has made notable strides in its electoral reforms, economic resilience, and the protection of fundamental rights, say MEPs. However, challenges remain regarding judicial reforms, media freedom, public administration efficiency, and the digitalisation of public services. Continued commitment to comprehensive reforms and inclusive governance is essential for Kosovo to make progress on its European integration pathway, they stress.

    Despite some progress in negotiations, Serbia still has major hurdles to overcome, according to MEPs. Belgrade needs to improve its internal political dialogue, protect the rule of law, and make anti-corruption reforms. It also has to work on reaching a comprehensive normalisation agreement with Kosovo, and fully align with EU foreign policy. Parliament calls on Serbia’s authorities to ensure the independence of key institutions, including media regulators such as the country’s Regulatory Authority for Electronic Media.

    Further reading

    European Parliament backs North Macedonia’s EU path, calls for bold reforms

    Montenegro and Moldova: MEPs applaud EU membership progress

    MEPs call on Albania to accelerate reforms and strengthen democratic institutions

    Support for Bosnia and Herzegovina’s EU accession amid urgent calls for reform

    Parliament encourages Kosovo and Serbia to advance their EU accession reforms


    Migration

    On 18 June, Civil Liberties Committee MEPs backed proposals to give Europol and EU authorities more tools to fight migrant-smuggling and human trafficking. The proposed law would give the EU’s police agency Europol new tools to combat and investigate migrant-smuggling and human trafficking by coordinating the actions of EU national authorities. A European Centre Against Migrant Smuggling (ECAMS) would be formally established within Europol to support cross-border investigations. . Parliament and Council are now negotiating on the final shape of the law.

    On 19 May, Parliament and Council reached an agreement on gradually rolling out the Entry-Exit System (EES) at the EU’s external borders. Once operational, the system will register the data, including biometric data such as facial images and fingerprints, of third‑country nationals entering and leaving the Schengen area on short‑stay visas. The aim is to improve security, speed up the border check process, and reduce queues. The idea behind the gradual implementation over 180 days is to prevent a simultaneous launch in all countries from compromising the system. During the roll-out period, the launch could be temporarily suspended if waiting times become too long or there are technical issues. The vote in plenary will take place on 8 July.

    On 15 January, the Working Group on Asylum-Implementation of the Pact/CEAS (Common European Asylum System), formed by MEPs of all EP political groups, started to monitor the implementation of the EU Pact on Asylum and Migration. Chaired by Birgit Sippel (S&D, Germany), the Working Group will focus on scrutinising and monitoring the Common European Asylum System and the implementation of the Pact on Asylum and Migration.

    Further reading

    Migrant-smuggling: new resources and a stronger role for Europol

    Border security: agreement on gradual roll-out of Entry-Exit System

    MEPs kick off scrutiny work of the Asylum and Migration Pact

    MIL OSI Europe News –

    June 26, 2025
  • MIL-OSI Europe: France: Gatewatcher secures €25 million EIB investment to accelerate growth and reinforce European cyber resilience

    Source: European Investment Bank

    • The EIB is backing Gatewatcher’s ambition to strengthen Europe’s technological sovereignty.
    • The French firm, recently named the only “Visionary” in the Gartner® Magic Quadrant for network detection and response (NDR), will use the funding to boost innovation and continue to expand internationally.
    • This transaction is part of the EIB Group’s ever-stronger commitment to security and defence, as reaffirmed by the Board of Governors at their annual meeting on 20 June.  

    Marking its largest venture debt investment in cybersecurity to date, the European Investment Bank (EIB) has granted a €25 million financing facility to Gatewatcher, a French company recognised as a European leader in cyber threat detection. Gatewatcher has developed an advanced network detection and response (NDR) platform that combines artificial intelligence and threat intelligence to deliver real-time visibility across all digital environments. The funds will accelerate the development of Gatewatcher’s advanced detection technologies and support its international expansion in a context of rising cyber threats and renewed focus on European autonomy.

    EIB Vice-President Ambroise Fayolle said: “Cybersecurity is a strategic sector within the defence industry. Having the capability to prevent cyberattacks, safeguard the integrity of infrastructure and data, and identify those responsible for attacks is now imperative for Europe’s security and the competitiveness of our economies. We are therefore proud to support the development of a company like Gatewatcher, which is fully dedicated to cybersecurity and whose results are already promising. The project is also fully in line with the EIB’s new strategy to finance the European security and defence sector.”

    “This investment is a strong signal of trust from a major European institution. It represents a shared commitment to building a secure, digital future,” said CEO and founder of Gatewatcher Jacques de La Rivière. “This financing allows us to pursue our innovation efforts for our clients and partners, while accelerating the market launch of our latest AI solution. Our ambition is clear: to bring cutting-edge threat detection technologies to the broadest possible market, while contributing to the emergence of a robust European cybersecurity industry. This next phase of growth is first and foremost a collective one, driven by our teams and guided by a sense of responsibility to our ecosystem.”

    The financing comes as Gatewatcher marks its tenth anniversary and continues to scale across Europe, Middle East, Asia and Africa. A pioneer in large-scale fundraising within the European cybersecurity sector, Gatewatcher is confirming its long-term vision, strategic independence and strength in a fiercely competitive global market with this new milestone. Its inclusion as the only fully European vendor, and the sole “Visionary” in the 2024 Gartner® Magic Quadrant for network detection and response further confirms its role as a key player in Europe’s cyber defence ecosystem. Today, Gatewatcher’s technologies protect hundreds of public and private organisations, including critical infrastructure operators, governments and enterprises.

    For the EIB Group, this transaction confirms its commitment to security and defence, just a few days after the Bank’s annual Board of Governors meeting on 20 June, where the 27 EU Member States approved the plan to increase the financing volume for 2025 to an unprecedented level of up to €100 billion. This revised ceiling will notably enable 3.5% of total financing to be dedicated to European security and defence. Further information on the EIB Group’s financing of security and defence projects is available here.

    Background information

    About EIB:

    The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives. The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security. In France, the EIB Group signed more than 100 operations in 2024 for a total amount of €12.6 billion, which made it possible to mobilise €62 billion in investments in the real economy. Nearly 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation and adaptation.

    About Gatewatcher:

    Gatewatcher, a leader in cyber threat detection, has been protecting the networks of businesses and public institutions, including the most critical ones, since 2015. The Gatewatcher NDR Platform (network detection and response) combines artificial intelligence, dynamic and behavioural analytics techniques, and contextualised cyber threat intelligence (CTI). This enables unified, comprehensive visibility, real-time detection and mapping of systems, and an automated, prioritised response to attacks. Deployed across cloud, on-premise or sensitive infrastructure, and compatible with information technology, operational technology and internet of things environments, it secures all critical assets while streamlining operations through its integrated AI assistant. Gatewatcher combines technological power with operational peace of mind to align cybersecurity with your business objectives. 

    MIL OSI Europe News –

    June 26, 2025
  • MIL-OSI United Kingdom: Non-executive directors appointed to the Regulator of Social Housing

    Source: United Kingdom – Executive Government & Departments

    News story

    Non-executive directors appointed to the Regulator of Social Housing

    The Ministry of Housing, Communities and Local Government has confirmed the appointment of two new non-executive directors (NEDs) to the Board of the Regulator of Social Housing (RSH).

    The Ministry of Housing, Communities and Local Government has confirmed the appointment of two new non-executive directors (NEDs) to the Board of the Regulator of Social Housing (RSH).

    David Cassidy and Chan Kataria will join as NEDs of the RSH Board for terms of three years. David will take up his post from 1 July 2025 and Chan by the beginning of December 2025.

    The RSH undertakes regulation of registered providers of social housing, setting standards and carrying out robust regulation focusing on driving improvement in social landlords, including local authorities, and ensuring that housing associations are well-governed, financially viable and offer value for money.

    The Board supports the RSH to regulate for a viable, efficient and well-governed social housing sector that can deliver quality homes and services for current and future tenants.

    Parliamentary Under-Secretary of State, Baroness Taylor of Stevenage, said:

    “I welcome the appointment of Chan and David as new non-executive directors who will be valuable additions to the RSH Board. As this Government works to deliver the biggest increase in social and affordable housing in a generation, whilst ensuring homes are safe and decent for tenants, they will bring with them the skills necessary to help ensure the RSH effectively regulates the sector.”

    Bernadette Conroy, Chair of the RSH Board, said:

    “I am very pleased to welcome our new non-executive directors to the RSH. David and Chan bring considerable knowledge and expertise in social housing finance and management respectively, which will enhance the Board’s collective skills. I am looking forward to working with them.”

    Notes to editors:

    David Cassidy

    • David completed a 43-year banking career with Barclays in December 2024. He is a specialist in social housing finance having led that team within Barclays for ten years. He has experience in all aspects of debt finance including capital markets. David’s expertise also covers a diverse range of other commercial banking activities.

    Chan Kataria OBE

    • Chan is an experienced Chief Executive and NED with significant social housing experience. He is stepping down from his role as Group Chief Executive of East Midlands Housing where he led and oversaw significant change. Other current roles also include being a Board member of the Chartered Institute of Housing and a member of the CBI Regional Board in the Midlands. He was awarded an OBE in 2017 for services to housing.

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    Published 26 June 2025

    MIL OSI United Kingdom –

    June 26, 2025
  • MIL-OSI: MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    In Q1 2025, ly.com reported revenue of RMB 4.377 billion and adjusted net profit of RMB 788 million, marking YoY increases of 13.2% and 41.1%, respectively. Amid a macro recovery marked by YoY growth in both travel volume and consumer spending, ly.com has tapped into the tourism potential of non-first-tier markets, demonstrating strong demand beyond first-tier cities. While consolidating its core OTA business, the company has expanded into air tickets, hotels, and international operations, achieving diversified growth. By integrating AI strategies to drive cost reduction and efficiency, it is accelerating technological transformation and showcasing long-term growth resilience. Looking ahead, the mass-market tourism sector presents substantial upside potential. OTA platforms that can deliver both inclusive accessibility and elevated service quality are well-positioned to capitalize on structural opportunities within the industry.

    I. Operational Performance: Revenue and Profit Growth Driven by Multi-dimensional Expansion and Optimized Business Mix

    In Q1, ly.com reported revenue of RMB 4.377 billion, increased by 13.2% YoY. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached RMB 1.159 billion, while adjusted net profit rose to RMB 788 million, both growing by over 41% YoY. From a business segment perspective, ly.com’s growth is primarily driven by its core services such as accommodation booking and transportation ticketing, along with the expansion of other emerging businesses. This has enabled the company to build a synergistic model of “transportation + accommodation + vacation” and “domestic + international” operations, leading to a more balanced and healthier business structure.

    1.         OTA remains the core revenue driver with significant growth: In Q1, revenue from ly.com’s online travel platform segment grew by 18.4% YoY to RMB 3.792 billion, accounting for approximately 86.6% of total revenue. Among these, accommodation booking services led with a YoY growth rate of 23.3%, while transportation ticketing revenue also rose by 15.2% YoY. This growth was mainly driven by ly.com’s continued efforts in Q1 to diversify and innovate value-added products for flights and hotels, enhance end-to-end service capabilities for mass-market travel, and attract users through strong promotional offers, effectively capturing demand arising from the broader macroeconomic recovery. For instance, multi-section transfer products like “train-to-train” and “air-to-air” connections offered competitive and cost-effective travel solutions, resulting in YoY booking increases of 22% and 44%, respectively.
    2.         Diversified revenue streams expand, though vacation business sees a dip: Other revenues rose 20% YoY in Q1 to RMB 603 million, driven by growth in hotel management services and Property Management System (PMS) operations, emerging as a meaningful contributor to ly.com’s top line. At the macro level, the development and upgrading of mass tourism have driven growing demand for leisure travel, with vacationing becoming a preferred choice for more travelers. Ly.com has responded by launching scenario-based innovations such as small-group and customized tours, effectively unlocking users’ leisure and holiday needs. However, due to safety concerns in Southeast Asia, vacation-related revenue declined by 11.8% YoY in Q1.
    3.         Outbound travel drives performance with strong momentum: In recent years, ly.com has consistently expanded its international business by introducing airport transfer services abroad, launching an international travel booking platform and localized apps, establishing overseas physical stores and customer experience centers, and partnering with global airlines and hotels. These efforts aim to seize the growth opportunities in outbound tourism and enhance the company’s penetration rate in overseas markets. According to the financial report, in Q1 2025, driven by a surge in outbound travel among users from non-first-tier cities, ly.com recorded a YoY increase of over 40% in international air ticket bookings and over 50% in international hotel room nights. Looking ahead, the deeper penetration of outbound travel services in non-first-tier markets is expected to make international air, hotel, and vacation businesses a new engine for driving performance growth.

    II. Business Developments: Focusing on Mass-market Tourism Consumption Demand and Accelerating AI Capabilities

    1.         Deepening Commitment To Mass-market Tourism To Build Scale and Amplify User Value
    With a strategic focus on the mass-market tourism sector, ly.com targets consumers in non-first-tier cities, an audience with vast growth potential. By leveraging high-frequency UV entrances, offering one-stop services across full travel scenarios, and delivering cost-effective products to match the mass-market tourism consumption demand, the company continues to expand its user base and enhance user value. According to its financial report, as of the end of Q1 2025, ly.com had served a cumulative 1.96 billion trips and reached 247 million paying users, both representing over 7% YoY growth. Notably, users from non-first-tier cities accounted for 87% of total registered users, highlighting the success of its penetration strategy in markets in lower-tier cities.

    ①         UV entrances and service scenarios aligned with mass-market tourism consumers: In addition to its proprietary app, ly.com has embedded itself deeply into the WeChat ecosystem, using lightweight applets and high-frequency ticketing demands to reach consumers, to form stable UVs and further penetrate the markets in lower-tier cities. In Q1, ly.com continued to optimize operational efficiency within WeChat ecosystem; Between January and April, its “City Pass” WeChat applet expanded into Beijing and Guangzhou, covering urban transit scenarios. Through applet channels and City Pass business integration, ly.com further diversified its UV entrances and ecosystem touchpoints. According to MoonFox Data, WeChat applets maintain a leading share within ly.com’s overall UV landscape.

    ②         Supply chain integration enhances one-stop & cost-effective offerings: Through upstream and downstream supply chain integration, ly.com has extended its reach across the entire travel ecosystem, leveraging innovation and synergy to drive user engagement. By continuously enriching its “Air Travel +” product portfolio, the company has expanded its service coverage and strengthened price competitiveness to boost user spending and repeat purchases. In Q1 2025, ly.com partnered with multiple global airlines, airports, and international hotel groups such as Marriott and Hilton, further building its supply chain advantage in outbound tourism and helping reduce travel costs for users. On April 17, ly.com announced the acquisition of 100% equity in Wanda Hotel Management Co. Limited. The move is expected to “complement” its high-end hotel brand portfolio through Wanda’s brand matrix and resource base, enhancing its competitiveness in the hotel management sector.
    ③         Inclusive services and membership program drive user retention: In January 2025, ly.com partnered with several domestic airports to launch the “Worry-free First Trip” initiative, which officially rolled out to all users in mid-March. Designed to reduce travel barriers for elderly, students, and foreign travelers, the program supports new user acquisition and paid user growth. Meanwhile, the company upgraded its Black Card membership system, adding over 50 new benefits such as free hotel cancellation/modification and full-point redemption for room bookings. These enhancements are intended to boost loyalty among high-value users and better meet the rising demand for premium travel from non-first-tier markets, capitalizing on the consumption upgrade trend in mass-market tourism.
    2. Deep Integration with DeepSeek to Advance AI-Powered Efficiency and Experience
    On February 28, ly.com announced that its proprietary large vertical large model for the travel industry, “Chengxin”, would be fully integrated with DeepSeek. In March, the company launched an upgraded version, Chengxin AI, alongside DeepTrip, an AI agent that delivers real-time travel planning and booking services. This intelligent system understands user intent, inspires travel ideas, and dynamically generates personalized itineraries and booking options, creating an intelligent one-stop service flow of “travel need → personalized plan → product consumption”. Since its launch in December 2024, Chengxin AI has already served over 200,000 users. Its integration with DeepSeek is expected to further enhance user decision-making efficiency and elevate the smart travel experience. Looking ahead, ly.com plans to embed DeepTrip across its major booking scenarios, which is likely to increase the effectiveness of its cross-selling strategies.
    AI also brings broader operational value. By leveraging AI technology, ly.com has reduced labor costs by 20% and significantly improved operational efficiency. On the B2B side, it exports AI capabilities via its intelligent hotel solutions, enabling hospitality partners to lower costs and expand digital empowerment boundaries.
    III. Strategic Insights: Growth Trajectories for OTA Platforms Amid the “Mass Tourism” Trend
    According to data from the Ministry of Culture and Tourism, domestic travel in China reached 1.794 billion trips in Q1 2025, with total travel-related spending hitting RMB 1.80 trillion, increased by 26.4% and 18.6% YoY, respectively. Residents in non-first-tier cities represent a massive consumer base, and with room to improve in both online OTA conversion rates and average revenue per user (ARPU), this demographic is expected to unleash long-term growth potential as travel frequency and spending power continue to rise, injecting both UVs and value into the industry.

    At present, mass-market tourism consumption is undergoing segmentation and diversification. A wide array of consumer groups is seeking differentiated, immersive travel experiences, where high quality and high cost-effectiveness coexist. In this context, OTA platforms must focus on customer segmentation and industry chain integration. According to iMarketing of MoonFox Data, as of April 2025, users aged 46 and above and those 25 years and younger accounted for 28% and 22.7%, respectively, of all installed users across online travel platform apps, making them key contributors to tourism consumption. To better serve these audiences, OTAs must develop differentiated services and content ecosystems that align with specific demographic preferences. For instance: Design elderly-friendly interfaces and develop wellness-themed travel products for older users. Partner in creating cultural tourism IPs and personalized itineraries, using short videos and live streaming to inspire younger travelers. On the product and service side, given mass-market consumers’ dual demands for quality and affordability, OTA platforms should further integrate the supply chain, expanding their core inventory of accommodation and transport resources while strengthening pricing leverage. Bundled offerings such as premium air-hotel packages and county-level attraction combo passes can simultaneously enhance both product quality and perceived value.

    In parallel, platforms should capitalize on surging outbound tourism. This includes proactive involvement in overseas destination marketing campaigns and a keen focus on the specific needs and pain points of outbound travelers from non-first-tier cities, an area poised for the next wave of growth. At the same time, leveraging advancements in large models, OTAs can embed AI technologies into real-world travel scenarios to drive long-term cost reduction, operational efficiency, and upgrades in user experience.

    About MoonFox Data
    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    Attachment

    • MoonFox Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    The MIL Network –

    June 26, 2025
  • MIL-OSI: MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    In Q1 2025, ly.com reported revenue of RMB 4.377 billion and adjusted net profit of RMB 788 million, marking YoY increases of 13.2% and 41.1%, respectively. Amid a macro recovery marked by YoY growth in both travel volume and consumer spending, ly.com has tapped into the tourism potential of non-first-tier markets, demonstrating strong demand beyond first-tier cities. While consolidating its core OTA business, the company has expanded into air tickets, hotels, and international operations, achieving diversified growth. By integrating AI strategies to drive cost reduction and efficiency, it is accelerating technological transformation and showcasing long-term growth resilience. Looking ahead, the mass-market tourism sector presents substantial upside potential. OTA platforms that can deliver both inclusive accessibility and elevated service quality are well-positioned to capitalize on structural opportunities within the industry.

    I. Operational Performance: Revenue and Profit Growth Driven by Multi-dimensional Expansion and Optimized Business Mix

    In Q1, ly.com reported revenue of RMB 4.377 billion, increased by 13.2% YoY. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached RMB 1.159 billion, while adjusted net profit rose to RMB 788 million, both growing by over 41% YoY. From a business segment perspective, ly.com’s growth is primarily driven by its core services such as accommodation booking and transportation ticketing, along with the expansion of other emerging businesses. This has enabled the company to build a synergistic model of “transportation + accommodation + vacation” and “domestic + international” operations, leading to a more balanced and healthier business structure.

    1.         OTA remains the core revenue driver with significant growth: In Q1, revenue from ly.com’s online travel platform segment grew by 18.4% YoY to RMB 3.792 billion, accounting for approximately 86.6% of total revenue. Among these, accommodation booking services led with a YoY growth rate of 23.3%, while transportation ticketing revenue also rose by 15.2% YoY. This growth was mainly driven by ly.com’s continued efforts in Q1 to diversify and innovate value-added products for flights and hotels, enhance end-to-end service capabilities for mass-market travel, and attract users through strong promotional offers, effectively capturing demand arising from the broader macroeconomic recovery. For instance, multi-section transfer products like “train-to-train” and “air-to-air” connections offered competitive and cost-effective travel solutions, resulting in YoY booking increases of 22% and 44%, respectively.
    2.         Diversified revenue streams expand, though vacation business sees a dip: Other revenues rose 20% YoY in Q1 to RMB 603 million, driven by growth in hotel management services and Property Management System (PMS) operations, emerging as a meaningful contributor to ly.com’s top line. At the macro level, the development and upgrading of mass tourism have driven growing demand for leisure travel, with vacationing becoming a preferred choice for more travelers. Ly.com has responded by launching scenario-based innovations such as small-group and customized tours, effectively unlocking users’ leisure and holiday needs. However, due to safety concerns in Southeast Asia, vacation-related revenue declined by 11.8% YoY in Q1.
    3.         Outbound travel drives performance with strong momentum: In recent years, ly.com has consistently expanded its international business by introducing airport transfer services abroad, launching an international travel booking platform and localized apps, establishing overseas physical stores and customer experience centers, and partnering with global airlines and hotels. These efforts aim to seize the growth opportunities in outbound tourism and enhance the company’s penetration rate in overseas markets. According to the financial report, in Q1 2025, driven by a surge in outbound travel among users from non-first-tier cities, ly.com recorded a YoY increase of over 40% in international air ticket bookings and over 50% in international hotel room nights. Looking ahead, the deeper penetration of outbound travel services in non-first-tier markets is expected to make international air, hotel, and vacation businesses a new engine for driving performance growth.

    II. Business Developments: Focusing on Mass-market Tourism Consumption Demand and Accelerating AI Capabilities

    1.         Deepening Commitment To Mass-market Tourism To Build Scale and Amplify User Value
    With a strategic focus on the mass-market tourism sector, ly.com targets consumers in non-first-tier cities, an audience with vast growth potential. By leveraging high-frequency UV entrances, offering one-stop services across full travel scenarios, and delivering cost-effective products to match the mass-market tourism consumption demand, the company continues to expand its user base and enhance user value. According to its financial report, as of the end of Q1 2025, ly.com had served a cumulative 1.96 billion trips and reached 247 million paying users, both representing over 7% YoY growth. Notably, users from non-first-tier cities accounted for 87% of total registered users, highlighting the success of its penetration strategy in markets in lower-tier cities.

    ①         UV entrances and service scenarios aligned with mass-market tourism consumers: In addition to its proprietary app, ly.com has embedded itself deeply into the WeChat ecosystem, using lightweight applets and high-frequency ticketing demands to reach consumers, to form stable UVs and further penetrate the markets in lower-tier cities. In Q1, ly.com continued to optimize operational efficiency within WeChat ecosystem; Between January and April, its “City Pass” WeChat applet expanded into Beijing and Guangzhou, covering urban transit scenarios. Through applet channels and City Pass business integration, ly.com further diversified its UV entrances and ecosystem touchpoints. According to MoonFox Data, WeChat applets maintain a leading share within ly.com’s overall UV landscape.

    ②         Supply chain integration enhances one-stop & cost-effective offerings: Through upstream and downstream supply chain integration, ly.com has extended its reach across the entire travel ecosystem, leveraging innovation and synergy to drive user engagement. By continuously enriching its “Air Travel +” product portfolio, the company has expanded its service coverage and strengthened price competitiveness to boost user spending and repeat purchases. In Q1 2025, ly.com partnered with multiple global airlines, airports, and international hotel groups such as Marriott and Hilton, further building its supply chain advantage in outbound tourism and helping reduce travel costs for users. On April 17, ly.com announced the acquisition of 100% equity in Wanda Hotel Management Co. Limited. The move is expected to “complement” its high-end hotel brand portfolio through Wanda’s brand matrix and resource base, enhancing its competitiveness in the hotel management sector.
    ③         Inclusive services and membership program drive user retention: In January 2025, ly.com partnered with several domestic airports to launch the “Worry-free First Trip” initiative, which officially rolled out to all users in mid-March. Designed to reduce travel barriers for elderly, students, and foreign travelers, the program supports new user acquisition and paid user growth. Meanwhile, the company upgraded its Black Card membership system, adding over 50 new benefits such as free hotel cancellation/modification and full-point redemption for room bookings. These enhancements are intended to boost loyalty among high-value users and better meet the rising demand for premium travel from non-first-tier markets, capitalizing on the consumption upgrade trend in mass-market tourism.
    2. Deep Integration with DeepSeek to Advance AI-Powered Efficiency and Experience
    On February 28, ly.com announced that its proprietary large vertical large model for the travel industry, “Chengxin”, would be fully integrated with DeepSeek. In March, the company launched an upgraded version, Chengxin AI, alongside DeepTrip, an AI agent that delivers real-time travel planning and booking services. This intelligent system understands user intent, inspires travel ideas, and dynamically generates personalized itineraries and booking options, creating an intelligent one-stop service flow of “travel need → personalized plan → product consumption”. Since its launch in December 2024, Chengxin AI has already served over 200,000 users. Its integration with DeepSeek is expected to further enhance user decision-making efficiency and elevate the smart travel experience. Looking ahead, ly.com plans to embed DeepTrip across its major booking scenarios, which is likely to increase the effectiveness of its cross-selling strategies.
    AI also brings broader operational value. By leveraging AI technology, ly.com has reduced labor costs by 20% and significantly improved operational efficiency. On the B2B side, it exports AI capabilities via its intelligent hotel solutions, enabling hospitality partners to lower costs and expand digital empowerment boundaries.
    III. Strategic Insights: Growth Trajectories for OTA Platforms Amid the “Mass Tourism” Trend
    According to data from the Ministry of Culture and Tourism, domestic travel in China reached 1.794 billion trips in Q1 2025, with total travel-related spending hitting RMB 1.80 trillion, increased by 26.4% and 18.6% YoY, respectively. Residents in non-first-tier cities represent a massive consumer base, and with room to improve in both online OTA conversion rates and average revenue per user (ARPU), this demographic is expected to unleash long-term growth potential as travel frequency and spending power continue to rise, injecting both UVs and value into the industry.

    At present, mass-market tourism consumption is undergoing segmentation and diversification. A wide array of consumer groups is seeking differentiated, immersive travel experiences, where high quality and high cost-effectiveness coexist. In this context, OTA platforms must focus on customer segmentation and industry chain integration. According to iMarketing of MoonFox Data, as of April 2025, users aged 46 and above and those 25 years and younger accounted for 28% and 22.7%, respectively, of all installed users across online travel platform apps, making them key contributors to tourism consumption. To better serve these audiences, OTAs must develop differentiated services and content ecosystems that align with specific demographic preferences. For instance: Design elderly-friendly interfaces and develop wellness-themed travel products for older users. Partner in creating cultural tourism IPs and personalized itineraries, using short videos and live streaming to inspire younger travelers. On the product and service side, given mass-market consumers’ dual demands for quality and affordability, OTA platforms should further integrate the supply chain, expanding their core inventory of accommodation and transport resources while strengthening pricing leverage. Bundled offerings such as premium air-hotel packages and county-level attraction combo passes can simultaneously enhance both product quality and perceived value.

    In parallel, platforms should capitalize on surging outbound tourism. This includes proactive involvement in overseas destination marketing campaigns and a keen focus on the specific needs and pain points of outbound travelers from non-first-tier cities, an area poised for the next wave of growth. At the same time, leveraging advancements in large models, OTAs can embed AI technologies into real-world travel scenarios to drive long-term cost reduction, operational efficiency, and upgrades in user experience.

    About MoonFox Data
    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    Attachment

    • MoonFox Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    The MIL Network –

    June 26, 2025
  • MIL-OSI: MoonFox | Bilibili: A “Forever Young” Platform with a Long-term Vision

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Since Q3 2024, Bilibili has achieved profitability for three consecutive quarters, marking an acceleration in its commercialization efforts. 
    Over the past few years, the explosive growth of short video has significantly disrupted traditional content production and marketing models. As a leading platform for medium-to-long video, Bilibili bore the brunt of these shifts, and its relatively slow commercialization was frequently questioned. However, it’s clear that Bilibili has consistently sought a balance between community-driven content and commercial monetization — striving to enhance its revenue capabilities while preserving its signature user experience and community atmosphere.
    With the release of its Q1 2025 financial reports, Bilibili has successfully initiated a positive feedback loop between commercialization and content innovation. As the internet UV dividend reaches its ceiling, we have to re-evaluate Bilibili’s true marketing value.

    I.         Evolution of User Value: Still Youth-oriented, with Upgraded Consumption Vitality
    As one of China’s earliest ACG (Anime, Comics, and Games) communities, Bilibili has long attracted passionate niche enthusiasts, building a culture where users “Powered by Love”. This grassroots, interest-based social environment has continuously drawn waves of young creators. Compared to 2021 (when the average user age was 23 and users under 25 made up 50.08%), the platform’s user base has aged slightly, with an average age of 26 in 2025. However, its core user value remains clear: youthful, highly engaged, and increasingly capable of spending.
    The platform’s mass-market evolution has not diluted its youth-oriented DNA. Beyond the core ACGN demographic, students and young professionals fresh out of college continue to inject new vitality into the community.

    • According to MoonFox Data, as of April 2025, Bilibili’s monthly active users had an average age of 26. Among them, 62.25% were aged 16-35. Among new users added in April, 70.82% were in the 16-35 age group.
    • In contrast, back in April 2021, the age structure of users was younger. According to MoonFox Data, as of April 2021, Bilibili’s monthly active users had an average age of 23. At that time, 50.08% of active users were under 25, while users over 35 made up only 16.18%, which was 15 percentage points lower than in 2025.

    According to MoonFox Data, Bilibili is also seeing a growing presence of female users. In April 2025, women accounted for 44% of active users, increased by 1 percentage point YoY. Notably, female new users significantly outpaced male users throughout the past year. This influx has driven growth in content consumption, especially in lifestyle-related verticals, though challenges remain in sustaining long-term retention and monetization of these new cohorts.
    According to the 2024 financial report, views in the maternity and parenting category content rose 76% YoY, significantly outpacing other categories. In addition, content related to home decoration, beauty & fashion, automotive, and sports & fitness also showed rapid growth.

    Over the past three years, both Bilibili’s monthly active users and the number of paid Premium Members have continued to rise steadily. User stickiness keeps increasing. Since Q3 2023, the platform has maintained a daily active user base of over 100 million, with average daily usage time stabilizing between 100-110 minutes.

    Whether measured against long-form video platforms or mainstream social media apps, Bilibili continues to exhibit strong competitiveness in terms of user time spent. As the platform expands to reach a broader audience, its user retention and engagement have remained robust. These “high levels of stickiness” reflect Bilibili’s consistent strength in content creation and community value.

    II. Evolution of Content Value: “Professional Production + Youthful Expression” as a Strategic Moat
    1.         Deepening OGV Strategy to Build a Robust IP Matrix
    In terms of content formats and production models, leading social platforms such as Douyin, Xiaohongshu, and Bilibili all offer broad creative ecosystems. Content ranges from UGC (User-Generated Content), PUGC (Professionally User-Generated Content), PGC (Professionally Generated Content), to OGV (Occupationally Generated Video), delivered via short videos and medium-to-long videos, live streaming, images, and audio, often cross-distributed across platforms. Among these, OGV represents Bilibili’s key strategic lever for deepening content value and building platform differentiation. The continued premiumization and IP-ification of OGV not only enhances Bilibili’s brand but also creates more monetization opportunities for other content creators by expanding content categories and formats.
    Bilibili’s OGV ecosystem now follows a clear incubation path: “Premium Content” → “Evergreen IP” → “Cross-platform Phenomenal IP”. Premium Content includes high-quality documentaries, original Chinese animation, music variety shows, and short drama series, giving rise to new breakout titles each year. “Evergreen IPs” emerge from long-tail influence and continued investment in premium content. A select few IPs break through platform boundaries, achieving phenomenal widespread social impact.

    2.         Unique Variety and Documentary Styles: Bilibili’s “Methodology” for Cross-demographic Breakthroughs
    Bilibili’s variety and documentary programming stands out for its youth-centric storytelling and emotional resonance, achieving both critical acclaim and commercial success. A standout case is Guarding Jiefang West Road, which debuted in 2019. This documentary-variety hybrid follows real cases from a local police station on the streets of Changsha City, adopting a reality TV style to deliver legal education. In a series of hilarious and absurd real events, legal knowledge is conveyed to the audience. The series was dubbed “a hand-drawn scroll of urban life” by the Bilibili users and went viral, eventually airing on CCTV and regional television networks.
    The vivid portrayal of everyday life infused with a lively local atmosphere, the integration of Changsha’s cultural and tourism elements, and the personalized expression shaped by the reality show format have not only inspired organic sharing among young audiences and prompted offline check-ins, but also created opportunities for commercial partnerships in future IP series. The exclusive title sponsorship spans a wide range of industries, including food and beverages, pharmaceuticals, insurance, and automotive. In addition, the program collaborates with professional content creators to interpret legal knowledge and analyze real-life cases, generating secondary dissemination and enabling multi-channel brand integration.
    In 2023, Bilibili and Shenzhen Media Group partnered with the same production company of Guarding Jiefang West Road, TVZONE, to launch The Glorious Pediatricians, an innovative medical documentary series. The IP leveraged nearly the same commercialization playbook as Guarding Jiefang West Road, from narrative tone to brand partnerships and cross-channel distribution.
    Beyond large IPs, Bilibili has also cultivated a range of niche, small-format shows that deeply explore social issues and Gen Z lifestyles, capturing mindshare within specific subcultures. These titles often go viral thanks to a content strategy combining OGV (full-length programs) + PUGC (expert content) + UGC (cross-industry uploader content). Examples include the 2024 “International Chinese Debating Competition”, the 90’s Dating Agency launched in 2021, and the upcoming 00’s Career Agency and 90’s Rental Agency in 2025.
    3.         Doubling Down on Original Chinese Animation to Strengthen Predictable Revenue Streams
    In 2023, Bilibili’s senior leadership revealed that 67% of Bilibili’s ACG users had begun actively consuming original Chinese animation, with users watching an average of 10 series each, totaling over 700 million hours of view time and 5 billion user interactions. Bilibili’s deep understanding and sensitivity to the ACG industry forms a key moat in its original Chinese animation strategy. In turn, this strengthens user stickiness and drives monetization through membership subscriptions, advertising, derivative products, and offline events.
    At the end of 2024, Bilibili announced a lineup of 43 upcoming original Chinese animations, backed by a clearer and more strategic release schedule compared to previous years. In 2025, IP sequels, female-centric IPs, and original animation have become core highlights. Among the 12 original series, several are continuations or expansions of existing hit IPs, such as Yao-Chinese Folktales 2 and Link Click: Yingdu Chapter. To Be Hero X, which launched globally in April, marks Bilibili’s first original Chinese animation released simultaneously worldwide. As of May 27, the series was still ongoing, having amassed 97.51 million views on its Mandarin dub and over 6 million views on the Japanese dub, outperforming earlier entries like To Be Hero: BABA and To Be Hero: LEAF.
    In addition to originals, adaptations of popular comics and novels remain pillars of the original Chinese category. Notably, in 2025 Bilibili has moved beyond its traditional “male-oriented action drama IPs”, tapping into content that resonates with female viewers. For example, the adaptation of The Legend of Princess Chang-Ge, which premiered in February, and the upcoming animation First Frost, both reflect a shift towards more emotionally driven storytelling. This shift reflects not only the platform’s broader approach to content themes, but also a subtle response to the evolving needs driven by the growth of its female user base. However, The Legend of Princess Chang-Ge failed to meet audience expectations, receiving an average rating of 7.6, significantly lower than its fantasy-genre peers. Viewer criticism cited plot alterations and stiff 3D character modeling as major issues, indicating that female-oriented IP adaptations still pose notable creative challenges for Bilibili’s original Chinese animations.
    4.         The Uploader Ecosystem: Connecting with Users through “Content Quality”
    While Bilibili, like other platforms, employs “interest-based” content recommendations, its waterfall-style feed gives users greater control over final content selection. This increases visibility for mid- and long-tail uploaders, making content quality the core driver of user retention. This more decentralized distribution mechanism has fostered a healthy creative environment, enabling UP creators to build lasting relationships with their audience through consistent, high-quality output. According to Jiemian.com, nearly 90% of Bilibili Power Up 100 in 2024 had been publishing content for over 5 years. Over 2 million creators have been active on the Bilibili for 5+ years,
    This robust creator(uploader) ecosystem fuels diversified content demand, while Bilibili’s active community feedback loop helps scale content innovation and creator growth.
    As of now, Bilibili’s homepage features 36 primary content categories, and official data indicates that more than 2 million subcultural tags exist on the platform. In 2024, its daily video views averaged 4.8 billion. From the annual report data, it is evident that content in emerging sectors such as maternity & childcare, sports & wellness, travel, and AI is also growing rapidly on Bilibili.

    In Q1 2025 alone, viewing time for AI-related content increased by 130%. Notable uploads include: A 10,000-Word Deep Dive: What Are AI Agents?, posted in March by @qiuzhi2046, which garnered over 440,000 views. A 2022 upload from @xiao_lin_shuo, titled How Advanced Is AI? Isn’t It Growing Too Fast?, which continues to gain traction, now surpassing 1.55 million views as of late May. These videos combine technical insights with a relaxed, humorous delivery. In addition, Q1 saw a rapid surge in paid courses on AI fundamentals, Python, and practical AI tools, reflecting strong demand. Uploaders, through youthful and accessible communication styles, help demystify complex topics. As a result, new technologies and product innovations can quickly reach and resonate with younger demographics, building early-stage trust and engagement.

    III. Evolution of Marketing Value: From “UV Pool” to “Endorsement Pool”
    1.         “Trust Endorsement” Through Cultural Identity
    By investing deeply in OGV content, Bilibili has built a rich matrix of cultural IPs, fostering a strong sense of trust and identity among users. When brands participate as title sponsors or co-creators, they are seen as part of the “Powered by Love” community. In recent years, numerous emerging consumer brands have embedded themselves into Bilibili’s ecosystem by “playing” with users, blending in naturally with youth subcultures and communities.
    For example, in the automotive sector, Wuling Motors sponsored the popular interview show Wuling Auto, and collaborated with top auto uploaders to showcase product strength. Its official account, @Wuling Silver Mark, has amassed 970,000 followers. In 2024, the game Black Myth: Wukong went viral, driving fans to visit real-life filming locations. This cross-industry linkage was dubbed a “pilgrimage tour” by Bilibili users. The official account @Culture and Tourism Department of Shanxi Province launched a series of culture and tourism video campaign titled “Travel Shanxi with Wukong”, with single episodes surpassing 1.2 million views, effectively promoting local culture and landscapes in multiple aspects.
    2.         Long-term “Companion Marketing”
    While 5G online surfing and memes thrive in Gen Z culture, Bilibili’s connection of “Youthful Expression” with young users goes beyond trend-chasing. What really sets the platform apart is its ability to deliver deep emotional value through companionship and shared growth. “Companionship and personal growth” are key themes that enable Bilibili’s content to resonate with younger audiences. The platform’s strength lies in its ability to build long-term user engagement and embed brand perception early in the consumer journey. Popular content IPs span key moments such as college entrance exams, graduation season, summer holidays, and Youth Day, offering brands concrete scenarios to expand their influence and revitalize their image.
    In the consumer goods sector, Dreame, Guyu, and Laifen, among other emerging Chinese brands, have all established content matrices on Bilibili to engage young consumers. In the food &beverage industry, Uni-President Group sponsored the Bilibili Graduation Concert for three consecutive years (2022-2025), while also investing in original comedy content and foodie uploaders. These efforts gradually reshaped its brand image, increasing penetration among younger audiences.
    3.         “Authenticity” as a Driver of High Conversion
    Bilibili’s highly participatory user base, known for their “real human” feel, raises the bar for brand marketing & endorsement, but it also creates valuable opportunities for small and mid-sized brands. Bilibili’s community atmosphere amplifies the weight of user feedback. Metrics such as the number of danmaku, video completion rate, and the “triple interaction”(likes, coins, and sharing), and favorites serve as concrete indicators of content quality. At the same time, the higher threshold for user engagement makes interactions more meaningful. Because of this high bar for interaction, Bilibili has been seen as harder for advertisers’ endorsement and slower in conversion compared to platforms like Xiaohongshu or Douyin.
    However, during the 2023 “618” Shopping Festival, beauty brand PROYA achieved a live streaming ROI of 2.69, among the highest in the industry, challenging traditional perceptions. In e-commerce monetization on Bilibili platform, home & lifestyle uploader @Mr.MiDeng generated over RMB10 billion in GMV in 2023, while fashion uploader @Yingwuli achieved RMB 50 million in a single live session in 2024 and now hosts monthly live sales. A series of best-selling new product categories shows that users on Bilibili still possess strong untapped purchasing power. At the same time, when we look at the sources of these best-selling products, many “niche yet high-quality” brands have successfully generated endorsement and achieved strong conversion rates.
    Whether it’s @Mr.MiDeng or @Yingwuli, their sales are driven by long-form videos or live streaming rich in industry insights and in-depth product explanations, covering everything from product colors, materials, and manufacturing processes to after-sales service and issue resolution. Compared to the brand endorsement and marketing premium brought by major labels, smaller brands with reliable quality and durable products are often more likely to gain popularity under the influence of content uploaders.

    IV. Conclusion: Bilibili Is Redefining the Future of “Youth Marketing” through a Positive “Content – User – Commerce” Cycle
    From a niche ACG vertical community “Powered by Love” to a profitable content platform with three consecutive profitable quarters, Bilibili has preserved its youthful DNA. Yet it has also evolved into a more inclusive space, welcoming diverse interests from female users to lifestyle enthusiasts. Its expansion into OGV content, while maintaining strong creator ecosystems, positions Bilibili as a comprehensive video platform, one that deepens premium content moats, strengthens user stickiness, and broadens commercial possibilities.
    For brands, Bilibili’s value extends far beyond being a mere “UV Pool”. It serves as a cultural and emotional companion to multiple youth cohorts, and has become an irreplaceable space for both emerging and mid-tier brands looking to connect authentically with young audiences. As users cast their votes through the triple interaction, their danmaku comments also convey a strong authenticity sense toward the product. The collaboration between brands and creators feels more like an in-depth dialogue rather than a hard-sell ad driven purely by UVs.
    For Bilibili, sustained profitability may only be the beginning. By leveraging content to win the hearts of young users, its business model is in turn fueling a virtuous cycle—reinvesting in the very content ecosystem that brought them there. This positive flywheel is laying a long-term foundation for the platform’s future growth.

    About MoonFox Data
    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    Attachment

    • MoonFox Bilibili A Forever Young Platform with a Long-term Vision

    The MIL Network –

    June 26, 2025
  • MIL-OSI: MoonFox Data | “New Consumer Trends F4” Soar in Hong Kong Stock Market; Pop Mart’s Mark Value Hits All-Time High

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Fueled by the global explosion in popularity of LABUBU, Pop Mart, one of the so-called “New Consumer Trends F4” stocks on the Hong Kong Stock Exchange, has seen its share price skyrocket. As of market close on June 9, Pop Mart’s market capitalization reached HKD 336.8 billion, setting a new all-time high. With a 48.73% ownership stake, founder Wang Ning has now become the richest individual in Henan province.

    According to MoonFox Data, Pop Mart’s monthly average DAU (daily active users) on mobile surged 257% since the beginning of the year, while its customer UV index at offline retail stores rose 11%. The continued rise in its share price is a direct reflection of the company’s comprehensive growth across all operational metrics. Behind this momentum lies a meticulously planned commercial strategy that has laid a solid foundation for sustained growth.

    Building and Operating the Pop Mart IP Universe

    A global co-creation network of artists: POP MART has built a global creative network of over 200 designers, operating under a dual-track model of “emerging talent discovery + master collaborations.” By working closely with prominent artists such as Hong Kong designer Kenny Wong (creator of the “MOLLY” IP) and Dutch illustrator Kasing Lung (creator of the “LABUBU” IP), the company transforms artistic concepts into commercial value through a full industrialized pipeline of “concept sketches → 3D modeling → mass production → retail”.

    Emotionally resonant design: Take CRYBABY as an example: its core design concept revolves around “crying as therapy” and the idea that “everyone has moments when they need to cry”. It aims to encourage people to move forward with courage after releasing their emotions. By conveying the core message of emotional freedom, it provides emotional value to fans and evokes deep resonance, making it Pop Mart’s fastest-growing emerging IP in 2024, with a YoY revenue increase of over 1,537.2%.

    Continued development of core IPs: Classic IPs such as MOLLY and DIMOO continue to iterate with new themes, while emerging IP THE MONSTERS (which includes LABUBU) has expanded beyond static pop toys and figurines into plush accessories and interactive companions through diverse product designs and performances featuring park character interactions. These efforts have strengthened emotional bonds with fans, driving a remarkable 726.6% YoY revenue growth in 2024.

    Tiered pricing strategy across consumer scenarios:

    Blind Box Economy (RMB 59-69): By lowering the threshold to trigger impulse purchases, it enhances interactive fun through “hidden edition mysticism” and “blind box strategies”, stimulating desire to buy with the unpredictability of content and the scarcity of hidden editions.

    Mega Collection (RMB 1,000-10,000+): The MEGA series (e.g., 1000% SPACE MOLLY) targets high-spending collectors with an emphasis on art investment. Collaborations with institutions like the Van Gogh Museum and artists like Mika Ninagawa elevate the brand’s cultural cachet and pricing power, appealing to sophisticated buyers seeking both emotional and investment value.

    Understanding core consumers and capturing emotional demand:

    According to Pop Mart’s active user portrait, the core consumer group consists primarily of women aged 16 to 35, with Generation Z and young white-collar workers as the dominant force. These users are mainly concentrated in first- and second-tier cities with developed consumer markets. They are highly receptive to new trends, willing to pay for emotional value, possess a certain level of economic stability, and demonstrate strong purchasing intent. As both primary buyers and key nodes in social sharing, they play a central role in driving consumption and brand communication.

    The rise of Pop Mart’s commercial empire lies in its deep understanding and precise grasp of the consumer psychology of its target audience. By skillfully leveraging various psychological mechanisms, Pop Mart transforms the act of purchasing pop toys into an experience rich in fun and emotional connection. The unpredictability of blind boxes offers instant gratification; IP collectibles serve as symbols of self-expression for young consumers; and the exclusivity of hidden editions fosters a sense of group identity and pride. Together, these elements cater to a wide range of emotional needs, including comfort, individuality, surprise, achievement, and social connection.

    Omni-channel Reach and Precision Operations

    Offline Retail Expansion and Store Functionality Upgrade

    Retail Stores: By the end of 2024, Pop Mart had opened 401 stores across Mainland China, primarily located in high-traffic commercial districts. With an emphasis on immersive store design, each outlet serves not just as a point of sale but also as a powerful channel for brand storytelling and customer engagement. According to MoonFox Data, the offline customer UV index in 2024 increased by 47.7% YoY, showing a strong correlation with in-store revenue.

    ROBOSHOPS: By the end of 2024, Pop Mart had deployed 2,300 ROBOSHOPS, with a net increase of 110 units during the year. These automated vending machines, with their low operating costs and flexible deployment, have accelerated enterprises’ penetration into multi-tier cities and high-frequency consumption scenarios such as commercial complexes and transportation hubs, significantly enhancing the efficiency of consumer reach.

    Online Omni-channel Expansion and Development

    Self-owned Platforms: Pop Mart Official Mall and Pop Mart Blind Box Machine (WeChat applet) are the company’s core proprietary online channels. The Pop Mart Blind Box Machine simulates the offline blind box experience, enhancing user engagement and purchase satisfaction, and has demonstrated strong sales growth. According to MoonFox Data, the Pop Mart Blind Box Machine’s MAU grew by 58.5% throughout 2024, with revenue increasing 52.7% YoY.

    Additionally, following the online release of LABUBU 3.0 on April 24, Pop Mart saw an explosive short-term spike in market buzz and DAU, which was soon followed by a sustained upward trend in its share price, with growth momentum significantly accelerating in June.

    Third-Party E-commerce Platforms: Pop Mart has established official flagship stores on mainstream e-commerce platforms such as Tmall, JD.com, and Douyin. According to its 2024 financial report, its overall revenue from online channels rose 76.9% YoY, with Douyin and Tmall seeing particularly strong growth.

    Membership System Development and Value

    Pop Mart has built a large and highly active membership ecosystem. By implementing a tiered membership system and offering exclusive benefits such as points redemption, birthday gifts, and early access to new products, the brand has significantly boosted customer loyalty and lifetime value. According to the financial report data of 2024, the number of registered members in mainland China reached 46.083 million, with members contributing 92.7% of total sales. The repurchase rate stood at 49.4%. User behavior data from the app side also indicates growing frequency and duration of use.

    Meanwhile, Pop Mart is accelerating both the diversification of its IP portfolio and its global expansion. The company is undergoing a transformative shift from a “pop toy manufacturer” to a global IP ecosystem operator. Several major international investment banks have expressed bullish views on Pop Mart. Deutsche Bank, for instance, issued a report stating that Pop Mart’s potential market size is significantly larger than previously estimated, maintaining a “Buy” rating and raising its target price from HKD 200 to HKD 303.

    Looking ahead, the key challenges for Pop Mart will include sustaining the creative momentum of its IP lifecycle, addressing delayed tech integration, and restoring community trust. To maintain the emotional engagement of its 40 million users, the company must ensure that the “emotional deposit interest rate” on their emotional deposits keeps pace with “emotional inflation”. For investors, Pop Mart’s rise represents a “collective reckoning” within the investment community, an opportunity in the new consumer trends to step beyond traditional frameworks and develop a deeper understanding of consumer culture, identity, and behavioral trends behind each channel. In many ways, these qualitative insights may prove more predictive than financial report figures alone.

    About MoonFox Data

    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:

    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    Attachment

    • MoonFox Data New Consumer Trends F4 Soar in Hong Kong Stock Market; Pop Mart’s Mark Value Hits

    The MIL Network –

    June 26, 2025
  • MIL-OSI: MoonFox Data | “New Consumer Trends F4” Soar in Hong Kong Stock Market; Pop Mart’s Mark Value Hits All-Time High

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Fueled by the global explosion in popularity of LABUBU, Pop Mart, one of the so-called “New Consumer Trends F4” stocks on the Hong Kong Stock Exchange, has seen its share price skyrocket. As of market close on June 9, Pop Mart’s market capitalization reached HKD 336.8 billion, setting a new all-time high. With a 48.73% ownership stake, founder Wang Ning has now become the richest individual in Henan province.

    According to MoonFox Data, Pop Mart’s monthly average DAU (daily active users) on mobile surged 257% since the beginning of the year, while its customer UV index at offline retail stores rose 11%. The continued rise in its share price is a direct reflection of the company’s comprehensive growth across all operational metrics. Behind this momentum lies a meticulously planned commercial strategy that has laid a solid foundation for sustained growth.

    Building and Operating the Pop Mart IP Universe

    A global co-creation network of artists: POP MART has built a global creative network of over 200 designers, operating under a dual-track model of “emerging talent discovery + master collaborations.” By working closely with prominent artists such as Hong Kong designer Kenny Wong (creator of the “MOLLY” IP) and Dutch illustrator Kasing Lung (creator of the “LABUBU” IP), the company transforms artistic concepts into commercial value through a full industrialized pipeline of “concept sketches → 3D modeling → mass production → retail”.

    Emotionally resonant design: Take CRYBABY as an example: its core design concept revolves around “crying as therapy” and the idea that “everyone has moments when they need to cry”. It aims to encourage people to move forward with courage after releasing their emotions. By conveying the core message of emotional freedom, it provides emotional value to fans and evokes deep resonance, making it Pop Mart’s fastest-growing emerging IP in 2024, with a YoY revenue increase of over 1,537.2%.

    Continued development of core IPs: Classic IPs such as MOLLY and DIMOO continue to iterate with new themes, while emerging IP THE MONSTERS (which includes LABUBU) has expanded beyond static pop toys and figurines into plush accessories and interactive companions through diverse product designs and performances featuring park character interactions. These efforts have strengthened emotional bonds with fans, driving a remarkable 726.6% YoY revenue growth in 2024.

    Tiered pricing strategy across consumer scenarios:

    Blind Box Economy (RMB 59-69): By lowering the threshold to trigger impulse purchases, it enhances interactive fun through “hidden edition mysticism” and “blind box strategies”, stimulating desire to buy with the unpredictability of content and the scarcity of hidden editions.

    Mega Collection (RMB 1,000-10,000+): The MEGA series (e.g., 1000% SPACE MOLLY) targets high-spending collectors with an emphasis on art investment. Collaborations with institutions like the Van Gogh Museum and artists like Mika Ninagawa elevate the brand’s cultural cachet and pricing power, appealing to sophisticated buyers seeking both emotional and investment value.

    Understanding core consumers and capturing emotional demand:

    According to Pop Mart’s active user portrait, the core consumer group consists primarily of women aged 16 to 35, with Generation Z and young white-collar workers as the dominant force. These users are mainly concentrated in first- and second-tier cities with developed consumer markets. They are highly receptive to new trends, willing to pay for emotional value, possess a certain level of economic stability, and demonstrate strong purchasing intent. As both primary buyers and key nodes in social sharing, they play a central role in driving consumption and brand communication.

    The rise of Pop Mart’s commercial empire lies in its deep understanding and precise grasp of the consumer psychology of its target audience. By skillfully leveraging various psychological mechanisms, Pop Mart transforms the act of purchasing pop toys into an experience rich in fun and emotional connection. The unpredictability of blind boxes offers instant gratification; IP collectibles serve as symbols of self-expression for young consumers; and the exclusivity of hidden editions fosters a sense of group identity and pride. Together, these elements cater to a wide range of emotional needs, including comfort, individuality, surprise, achievement, and social connection.

    Omni-channel Reach and Precision Operations

    Offline Retail Expansion and Store Functionality Upgrade

    Retail Stores: By the end of 2024, Pop Mart had opened 401 stores across Mainland China, primarily located in high-traffic commercial districts. With an emphasis on immersive store design, each outlet serves not just as a point of sale but also as a powerful channel for brand storytelling and customer engagement. According to MoonFox Data, the offline customer UV index in 2024 increased by 47.7% YoY, showing a strong correlation with in-store revenue.

    ROBOSHOPS: By the end of 2024, Pop Mart had deployed 2,300 ROBOSHOPS, with a net increase of 110 units during the year. These automated vending machines, with their low operating costs and flexible deployment, have accelerated enterprises’ penetration into multi-tier cities and high-frequency consumption scenarios such as commercial complexes and transportation hubs, significantly enhancing the efficiency of consumer reach.

    Online Omni-channel Expansion and Development

    Self-owned Platforms: Pop Mart Official Mall and Pop Mart Blind Box Machine (WeChat applet) are the company’s core proprietary online channels. The Pop Mart Blind Box Machine simulates the offline blind box experience, enhancing user engagement and purchase satisfaction, and has demonstrated strong sales growth. According to MoonFox Data, the Pop Mart Blind Box Machine’s MAU grew by 58.5% throughout 2024, with revenue increasing 52.7% YoY.

    Additionally, following the online release of LABUBU 3.0 on April 24, Pop Mart saw an explosive short-term spike in market buzz and DAU, which was soon followed by a sustained upward trend in its share price, with growth momentum significantly accelerating in June.

    Third-Party E-commerce Platforms: Pop Mart has established official flagship stores on mainstream e-commerce platforms such as Tmall, JD.com, and Douyin. According to its 2024 financial report, its overall revenue from online channels rose 76.9% YoY, with Douyin and Tmall seeing particularly strong growth.

    Membership System Development and Value

    Pop Mart has built a large and highly active membership ecosystem. By implementing a tiered membership system and offering exclusive benefits such as points redemption, birthday gifts, and early access to new products, the brand has significantly boosted customer loyalty and lifetime value. According to the financial report data of 2024, the number of registered members in mainland China reached 46.083 million, with members contributing 92.7% of total sales. The repurchase rate stood at 49.4%. User behavior data from the app side also indicates growing frequency and duration of use.

    Meanwhile, Pop Mart is accelerating both the diversification of its IP portfolio and its global expansion. The company is undergoing a transformative shift from a “pop toy manufacturer” to a global IP ecosystem operator. Several major international investment banks have expressed bullish views on Pop Mart. Deutsche Bank, for instance, issued a report stating that Pop Mart’s potential market size is significantly larger than previously estimated, maintaining a “Buy” rating and raising its target price from HKD 200 to HKD 303.

    Looking ahead, the key challenges for Pop Mart will include sustaining the creative momentum of its IP lifecycle, addressing delayed tech integration, and restoring community trust. To maintain the emotional engagement of its 40 million users, the company must ensure that the “emotional deposit interest rate” on their emotional deposits keeps pace with “emotional inflation”. For investors, Pop Mart’s rise represents a “collective reckoning” within the investment community, an opportunity in the new consumer trends to step beyond traditional frameworks and develop a deeper understanding of consumer culture, identity, and behavioral trends behind each channel. In many ways, these qualitative insights may prove more predictive than financial report figures alone.

    About MoonFox Data

    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:

    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    Attachment

    • MoonFox Data New Consumer Trends F4 Soar in Hong Kong Stock Market; Pop Mart’s Mark Value Hits

    The MIL Network –

    June 26, 2025
  • MIL-Evening Report: There’s gold trapped in your iPhone – and chemists have found a safe new way to extract it

    Source: The Conversation (Au and NZ) – By Justin M. Chalker, Professor of Chemistry, Flinders University

    A sample of refined gold recovered from mining and e-waste recycling trials. Justin Chalker

    In 2022, humans produced an estimated 62 million tonnes of electronic waste – enough to fill more than 1.5 million garbage trucks. This was up 82% from 2010 and is expected to rise to 82 million tonnes in 2030.

    This e-waste includes old laptops and phones, which contain precious materials such as gold. Less than one quarter of it is properly collected and recycled. But a new technique colleagues and I have developed to safely and sustainably extract gold from e-waste could help change that.

    Our new gold-extraction technique, which we describe in a new paper published today in Nature Sustainability, could also make small-scale gold mining less poisonous for people – and the planet.

    Soaring global demand

    Gold has long played a crucial role in human life. It has been a form of currency and a medium for art and fashion for centuries. Gold is also essential in modern industries including the electronics, chemical manufacture and aerospace sectors.

    But while global demand for this precious metal is soaring, mining it is harmful to the environment.

    Deforestation and use of toxic chemicals are two such problems. In formal, large-scale mining, highly toxic cyanide is widely used to extract gold from ore. While cyanide can be degraded, its use can cause harm to wildlife, and tailings dams which store the toxic byproducts of mining operations pose a risk to the wider environment.

    In small-scale and artisanal mining, mercury is used extensively to extract gold. In this practice, the gold reacts with mercury to form a dense amalgam that can be easily isolated. The gold is then recovered by heating the amalgam to vaporise the mercury.

    Small-scale and artisanal mining is the largest source of mercury pollution on Earth, and the mercury emissions are dangerous to the miners and pollute the environment. New methods are required to reduce the impacts of gold mining.

    In 2022, humans produced an estimated 62 million tonnes of electronic waste.
    DAMRONG RATTANAPONG/Shutterstock

    A safer alternative

    Our interdisciplinary team of scientists and engineers has developed a new technique to extract gold from ore and e-waste. The aim was to provide a safer alternative to mercury and cyanide and reduce the health and environmental impacts of gold mining.

    Many techniques have previously been reported for extracting gold from ore or e-waste, including mercury- and cyanide-free methods. However, many of these methods are limited in rate, yield, scale and cost. Often these methods also consider only one step in the entire gold recovery process, and recycling and waste management is often neglected.

    In contrast, our approach considered sustainability throughout the whole process of gold extraction, recovery and refining. Our new leaching technology uses a chemical commonly used in water sanitation and pool chlorination: trichloroisocyanuric acid.

    When this widely available and low-cost chemical is activated with salt water, it can react with gold and convert it into a water-soluble form.

    To recover the gold from the solution, we invented a sulphur-rich polymer sorbent. Polymer sorbents isolate a certain substance from a liquid or gas, and ours is made by joining a key building block (a monomer) together through a chain reaction.

    Our polymer sorbent is interesting because it is derived from elemental sulphur: a low-cost and highly abundant feedstock. The petroleum sector generates more sulphur than it can use or sell, so our polymer synthesis is a new use for this underused resource.

    Our polymer could selectively bind and remove gold from the solution, even when many other types of metals were present in the mixture.

    The simple leaching and recovery methods were demonstrated on ore, circuit boards from obsolete computers and scientific waste. Importantly, we also developed methods to regenerate and recycle both the leaching chemical and the polymer sorbent. We also established methods to purify and recycle the water used in the process.

    In developing the recyclable polymer sorbent, we invented some exciting new chemistry to make the polymer using light, and then “un-make” the sorbent after it bound gold. This recycling method converted the polymer back to its original monomer building block and separated it from the gold.

    The recovered monomer could then be re-made into the gold-binding polymer: an important demonstration of how the process is aligned with a circular economy.

    A long and complex road ahead

    In future work, we plan to collaborate with industry, government and not-for-profit groups to test our method in small-scale mining operations. Our long-term aim is to provide a robust and safe method for extracting gold, eliminating the need for highly toxic chemicals such as cyanide and mercury.

    There will be many challenges to overcome including scaling up the production of the polymer sorbent and the chemical recycling processes. For uptake, we also need to ensure that the rate, yield and cost are competitive with more traditional methods of gold mining. Our preliminary results are encouraging. But there is still a long and complex road ahead before our new techniques replace cyanide and mercury.

    Our broader motivation is to support the livelihood of the millions of artisanal and small-scale miners that rely on mercury to recover gold.

    They typically operate in remote and rural regions with few other economic opportunities. Our goal is to support these miners economically while offering safer alternatives to mercury. Likewise, the rise of “urban mining” and e-waste recycling would benefit from safer and operationally simple methods for precious metal recovery.

    Success in recovering gold from e-waste will also reduce the need for primary mining and therefore lessen its environmental impact.

    Justin M. Chalker is an inventor on patents associated with the gold leaching and recovery technology. Both patents are wholly owned by Flinders University. This research was supported financially by the Australian Research Council and Flinders University. He has an ongoing collaboration with Mercury Free Mining and Adelaide Control Engineering: organisations that supported the developments and trials reported in this study.

    – ref. There’s gold trapped in your iPhone – and chemists have found a safe new way to extract it – https://theconversation.com/theres-gold-trapped-in-your-iphone-and-chemists-have-found-a-safe-new-way-to-extract-it-259817

    MIL OSI Analysis – EveningReport.nz –

    June 26, 2025
  • MIL-OSI Submissions: Universities – Golden opportunity to remove toxic waste and recover precious metal

    Source: Flinders University

    Jackpot! Gold from e-waste opens a rich vein for miners and the environment – An interdisciplinary team of experts in green chemistry, engineering and physics at Flinders University has developed a safer and more sustainable approach to extract and recover gold from ore and electronic waste.

    Explained in the leading journal Nature Sustainability, the gold-extraction technique promises to reduce levels of toxic waste from mining and shows that high purity gold can be recovered from recycling valuable components in printed circuit boards in discarded computers.

    The project team, led by Matthew Flinders Professor Justin Chalker, applied this integrated method for high-yield gold extraction from many sources – even recovering trace gold found in scientific waste streams.

    The progress toward safer and more sustainable gold recovery was demonstrated for electronic waste, mixed-metal waste, and ore concentrates.

    “The study featured many innovations including a new and recyclable leaching reagent derived from a compound used to disinfect water,” says Professor of Chemistry Justin Chalker, who leads the Chalker Lab at Flinders University’s College of Science and Engineering.

    “The team also developed an entirely new way to make the polymer sorbent, or the material that binds the gold after extraction into water, using light to initiate the key reaction.”

    Extensive investigation into the mechanisms, scope and limitations of the methods are reported in the new study, and the team now plans to work with mining and e-waste recycling operations to trial the method on a larger scale.

    “The aim is to provide effective gold recovery methods that support the many uses of gold, while lessening the impact on the environment and human health,” says Professor Chalker.

    The new process uses a low-cost and benign compound to extract the gold. This reagent (trichloroisocyanuric acid) is widely used in water sanitation and disinfection. When activated by salt water, the reagent can dissolve gold.

    Next, the gold can be selectively bound to a novel sulfur-rich polymer developed by the Flinders team. The selectivity of the polymer allows gold recovery even in highly complex mixtures.

    The gold can then be recovered by triggering the polymer to “un-make” itself and convert back to monomer. This allows the gold to be recovered and the polymer to be recycled and re-used.

    Global demand for gold is driven by its high economic and monetary value but is also a vital element in electronics, medicine, aerospace technologies and other products and industries. However, mining the previous metal can involve the use of highly toxic substances such as cyanide and mercury for gold extraction – and other negative environmental impacts on water, air and land including CO2 emissions and deforestation.

    The aim of the Flinders-led project was to provide alternative methods that are safer than mercury or cyanide in gold extraction and recovery.

    The team also collaborated with experts in the US and Peru to validate the method on ore, in an effort to support small-scale mines that otherwise rely on toxic mercury to amalgamate gold.

    Gold mining typically uses highly toxic cyanide to extract gold from ore, with risks to the wildlife and the broader environment if it is not contained properly. Artisanal and small-scale gold mines still use mercury to amalgamate gold. Unfortunately, the use of mercury in gold mining is one of the largest sources of mercury pollution on Earth.

    Professor Chalker says interdisciplinary research collaborations with industry and environmental groups will help to address highly complex problems that support the economy and the environment.

    “We are especially grateful to our engineering, mining, and philanthropic partners for supporting translation of laboratory discoveries to larger scale demonstrations of the gold recovery techniques.”

    Lead authors of the major new study – Flinders University postdoctoral research associates Dr Max Mann, Dr Thomas Nicholls, Dr Harshal Patel and Dr Lynn Lisboa – extensively tested the new technique on piles of electronic waste, with the aim of finding more sustainable, circular economy solutions to make better use of ever-more-scarce resources in the world. Many components of electronic waste, such as computer processing units and RAM cards, contain valuable metals such as gold and copper.

    Dr Mann says: “This paper shows that interdisciplinary collaborations are needed to address the world’s big problems managing the growing stockpiles of e-waste.”

    ARC DECRA Fellow Dr Nicholls, adds: “The newly developed gold sorbent is made using a sustainable approach in which UV light is used to make the sulfur-rich polymer. Then, recycling the polymer after the gold has been recovered further increases the green credentials of this method.”

    Dr Patel says: “We dived into a mound of e-waste and climbed out with a block of gold! I hope this research inspires impactful solutions to pressing global challenges.”

    “With the ever-growing technological and societal demand for gold, it is increasingly important to develop safe and versatile methods to purify gold from varying sources,” Dr Lisboa concludes.

     

    The article, Sustainable gold extraction from ore and electronic waste (2025) by Maximilian Mann, Thomas P Nicholls, Harshal D Patel, Lynn S Lisboa, Jasmine MM Pople, Le Nhan Pham, Max JH Worthington, Matthew R Smith, Yanting Yin, Gunther G Andersson, Christopher T Gibson, Louisa J Esdaile, Claire E Lenehan, Michelle L Coote, Zhongfan Jia and Justin M Chalker has been published in Nature Sustainability. DOI: 10.1038/s41893-025-01586-w


    https://doi.org/10.1038/s41893-025-01586-w

     

    Funding: The project was supported by generous funding from the Australian Research Council including Fellowships, Discovery Grants and Linkage Projects spanning 2015 to 2025 (DE150101863, DP200100090, DP21010002, DP230100587, LP200301660, LP200301661, FT220100054, and DE250100525). Additional funding was provided by a 2024 Flinders University High Impact Collaboration Grant.

    MIL OSI – Submitted News –

    June 26, 2025
  • MIL-OSI Analysis: How Bordeaux wine estates price their bottles

    Source: The Conversation – France – By Jean-Marc Figuet, Professeur d’économie, Université de Bordeaux

    On wine-rating platforms, amateur ratings better explain the price differences of bottles than professional scores. JuanGarciaHinojosa/Shutterstock

    Research in economics has unravelled the workings of the complex market for Bordeaux wines, in which perceived quality, historical reputation and critical reviews are intertwined. The question of how bottles are priced is all the more relevant amid a crisis for the Bordeaux industry, which is facing the threat of higher US tariffs on EU exports.

    Reputation, ranking, vintage and climate

    A document pertaining to the ranking of Bordeaux wines in the 19th century.
    Wikimediacommons

    To assess the relationship between the quality and price of Bordeaux wines, Jean-Marie Cardebat and I applied the “hedonic” method. The analysis links price to the observable characteristics of a wine: its ranking, vintage, designation of origin, alcohol content, flavour, etc.

    The results are striking: the reputation of the wine estate and its official ranking, in particular that of 1855, are more powerful factors in explaining price than taste and sensory characteristics. In other words, a ranked wine, because of the prestige of its label, sells for significantly more than an unranked wine of equivalent taste and sensory appeal.




    À lire aussi :
    Our perception of wine has more to do with its commercial history than we think


    The economist Orley Ashenfelter has shown that the weather conditions of a vintage – temperature, sunshine, rainfall – are predictors of its quality and therefore its price. A simple model, based solely on climatic data.

    Robert Parker and the golden age of experts

    For more than 30 years, the critic Robert Parker stirred up the Bordeaux wine market. His famous scores out of 100, published in The Wine Advocate, made and broke the value of wines. The economist Robert H. Ashton measured the scores’ impact: an extra point could boost a price by 10-20%.

    Parker was the originator of a tribe of “gurus”, whose scores structured the entire early season for wines. The estates adjusted prices according to their assessments, and wine buyers followed suit, convinced of the accuracy of the scores.


    A weekly e-mail in English featuring expertise from scholars and researchers. It provides an introduction to the diversity of research coming out of the continent and considers some of the key issues facing European countries. Get the newsletter!

    Fragmented influence

    The Bordeaux wine landscape has changed since Parker’s retirement in 2019. The critics are still around but their influence has fragmented. No one has taken over Parker’s leadership. Consensus is now less clear and rating discrepancies are more frequent.

    An even deeper turning point is evident when we compare the impact of expert and consumer ratings – notably from the Vivino platform – on the price of French red wines.

    The result is clear: in the majority of cases, the scores of amateurs surpass those of professionals when it comes to explaining price differences. The market has therefore moved from a “guru” logic to a “geek” logic, in which the collective intelligence of connected consumers now carries as much weight, if not more, than expert opinions.




    À lire aussi :
    Appearance, aroma and mouthfeel: all you need to know to give wine tasting a go


    ‘Bordeaux bashing’

    During the “primeurs” or early harvest campaign, the most prestigious Bordeaux wines are offered 18 months before bottling, often at a price that is supposed to be lower than the future market price. It’s a great opportunity for a bargain. Philippe Masset’s research shows that most wine estates overestimate the price of early harvest wines.

    For example, for the 2021 vintage, over 80% of the wines analysed were priced above their “fair value” as estimated by an econometric model. The more a wine is overpriced on its release, the worse it performs on the secondary market. This discrepancy between asking price and perceived value feeds what is known as “Bordeaux bashing”. There is disaffection with these wines that are considered too expensive, too complex, too austere and totally out of step with today’s expectations – young people’s in particular.

    A changing market

    While the price of Bordeaux wine is still based on its quality, origin, weather and ranking, it also depends on criticism not just by experts, but by consumers. This shift is redefining the balance of power in the world of wine.

    Reputation still pays, but prestige is no longer enough. Nonelite wine consumers are gradually taking over, gaining a new form of power over prices. If the Bordeaux market wants to emerge from crisis and reclaim its place, it will undoubtedly have to rethink the way its prices are set and perceived.

    Jean-Marc Figuet has received public funding for his research.

    – ref. How Bordeaux wine estates price their bottles – https://theconversation.com/how-bordeaux-wine-estates-price-their-bottles-259830

    MIL OSI Analysis –

    June 26, 2025
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