Song Hotel Kunming-Tourism news

Trip.com teams up with Checkout.com to simplify payments for global travelers

Checkout.com brings local acquiring and digital payments expertise to help Trip.com offer faster, more reliable transactions for travelers around the world. The partnership supports Trip.com's global expansion, unlocking growth in key markets like Saudi Arabia, Japan, the UK, and North America. Together, the companies are building a more intuitive travel booking experience, supporting the tourism industry as it scales in an increasingly digital economy. LONDON, March 25, 2026 /PRNewswire/ -- Checkout.com, a leading global digital payment platform, today announced a strategic partnership with international travel service provider Trip.com. The collaboration supports Trip.com's global expansion by enabling high performing payments and an effortless booking experience for its customers around the world as they plan their next adventure online. Trip.com is a global travel platform offering hotel reservations, flights, trains, car rentals, attractions and more. Part of Trip.com Group, it operates in 24 languages across 39 countries and regions. With a mission to pursue the perfect trip for a better world, Trip.com Group is focused on enhancing travel experiences through innovation and localized service. The partnership with Checkout.com directly supports that goal by streamlining the payment journey across global markets. By leveraging Checkout.com's flexible infrastructure and localized acquiring capabilities, Trip.com can deliver high performing, smooth transactions, enabling travelers around the world to book with greater ease. The partnership marks a turning point in Trip.com's global payment strategy. Through Checkout.com, Trip.com is implementing digital card payment services in key markets such as the UK, Japan, and Saudi Arabia, with plans to expand this offering into new regions including North America, Europe, Australia, and New Zealand. By deploying Checkout.com's localized acquiring solutions, Trip.com aims to significantly improve payment acceptance rates and reduce operational costs, while providing global travelers with more convenient payment options. Looking ahead, both parties will explore the integration of diverse local payment methods beyond online card payments, including e-wallets and bank transfers, to meet the varied needs of consumers across different markets and accelerate Trip.com's global growth. Having adopted Standalone 3DS for authentication to enhance payment performance and security, Trip.com will also explore Vault for secure card storage, Identity Verification (IDV), and issuing solutions. These technologies will help streamline payment flows and offer greater flexibility as Trip.com scales globally. Wang Zhe, Vice President of Trip.com Group, said: "As a global travel platform, providing a fast and reliable payment experience is essential to meeting the expectations of our users and supporting our international growth. Checkout.com's global acquiring capabilities and modular technology give us the flexibility to tailor our payment strategy by market – improving success rates, reducing costs, and ultimately delivering a better experience for our customers. This partnership strengthens our ability to innovate at speed and scale as we connect travelers with the world around them." Brian Sze, President of Checkout.com Asia Pacific, said: "As one of the fastest-growing travel platforms globally, Trip.com is at the forefront of digital travel, and we're proud to support its global expansion with the payment infrastructure needed to thrive in today's digital economy. Our collaboration goes beyond processing transactions – it's about co-creating a payment strategy that drives performance, reduces friction, and supports the growth of the tourism industry through digital innovation." Press contactpr@checkout.com About Checkout.com Checkout.com processes payments for thousands of companies that shape the digital economy. Our global digital payments network supports over 145 currencies and delivers high-performance payment solutions across the world, processing billions of transactions annually. In 2025, Checkout.com processed more than $300bn in ecommerce payments volume. We help enterprise merchants boost acceptance rates, combat fraud, and turn payments into a major revenue driver. Headquartered in London and with 19 offices worldwide, Checkout.com is trusted by leading brands such as Spotify, HelloFresh, eBay, Uber, Pinterest, Vinted, Klarna, Financial Times, and Sony. Checkout.com. Where the world checks out. About Trip.com Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Offering an extensive hotel and flight network of more than 1.5 million hotels and flights from over 640 airlines, along with over 300,000 attraction and tour products, Trip.com covers 3,400 airports in 220 countries and regions. Trip.com's world-class 24/7 multilingual customer service helps to 'create the best travel experience' for its millions of customers worldwide. To book your next trip, visit Trip.com.

2026-03-25

Over 240,000 Visits! The 34th Guzhen Lighting Fair Successfully Concluded

ZHONGSHAN, China, March 25, 2026 /PRNewswire/ -- Spring ushers in a vibrant season of light and opportunity. On March 21, 2026, the four-day 2026 China (Guzhen) International Lighting Fair (Spring Edition) (hereinafter referred to as the "34th Guzhen Lighting Fair") successfully concluded at the Guzhen Convention and Exhibition Center in Zhongshan City, Guangdong Province, China. Building on its "1+8+N" grand lighting fair pattern, this fair continued with the theme "Guzhen Lights up the World", focusing on the prime spring sourcing season. Through a variety of formats including exhibitions, supporting events, and resource matchmaking, it underscored Guzhen Lighting Fair's commitment to "professionalism, market orientation, and internationalization". Main Venue - Guzhen Convention and Exhibition Center, together with 8 sub-venues, including Star Alliance Global Brand Lighting Center, Lihe Lighting Expo Center, Huayi Plaza, Lighting Era Center, Guzhen Chang'an Lighting Parts & Electronic City, Caosan International Lighting Parts City, Guyi Qingfeng LED Lighting Trading City and Guyi Ruifeng International Lighting Fittings City, received over 3,600 brand enterprises to showcase more than 100,000 original new products, with a total exhibition area exceeding 1.5 million square meters. Lighting Capital Gathers Business Opportunities, and Exhibitions and Trade Yield Fruitful Results As of 14:00, March 21, the 34th Guzhen Lighting Fair main venue welcomed 94,996 professional visits, including 4,368 overseas visitors from 127 countries and regions. A significant increase was seen in visitors from countries participating in the Belt and Road Initiative such as Russia, Central Asia and Southeast Asia, as well as key regions including Northeast Asia. The 8 sub-venues attracted nearly 150,000 visits, with a total of over 240,000 visits across all 9 venues. During the fair, over 200 media outlets and industry influencers showcased the event's highlights from all perspectives through special reports, in-depth interviews, creative short videos, and interactive live streams, thereby enhancing its trade impact. International buyers were constantly seen at both the main and sub-venues, admiring products, discussing technical details with company representatives, and eagerly placing orders. Both exhibitors and buyers remarked that this fair was highly effective, featuring precise matchmaking and significant results. They also expressed great anticipation for the Guzhen Lighting Fair (Summer) from May 26 to 28, and the 35th Guzhen Lighting Fair (Autumn Edition) from October 22 to 25. Establishing a World-class Event at the Cradle of the Lighting Industry Marking the start of the "15th Five-Year Plan", this Guzhen Lighting Fair was not only an important international exhibition approved by the Ministry of Commerce but also the first large-scale economic and trade event held after Guzhen Town officially set forth the goal of "establishing itself as the World's Lighting Capital", making it highly significant and profoundly influential. The four-day exhibition was vibrant and full of energy. On the opening day, the entrances to all exhibition halls at the main venue were bustling with people, as exhibitors and buyers gathered to attend this premier industry event of the spring. At the opening ceremony, in order to fully implement the provincial government's initiative "Guangdong Products Go Global", Guzhen Town signed agreements with two leading e-commerce platforms, Tmall and JD.com. Together, they launched the "Guangdong Products Go Global • Guzhen Lighting Special Zone", creating a new channel for "Guzhen Lighting" to expand its reach across the country and the world. Most noteworthy is that 12 major lighting stores from cities including Beijing, Shanghai, and Hangzhou were officially recognized, establishing a comprehensive platform for the lighting industry that integrates exhibition, trade, channel expansion, and information exchange. Exceptional Exhibits Across the Entire Industry Chain Drive Innovation Trends This edition of the lighting fair was not only a prominent trade event but also an essential benchmark for observing cutting-edge industry technologies and guiding product development trends. The main venue brought together nearly 1,000 premium brand enterprises, showcasing a comprehensive range of products across categories such as smart lighting, residential lighting, commercial lighting, outdoor lighting, special lamps, machinery and equipment, auxiliary materials and accessories. It also extended into related home furnishing sectors, including ceramics, sanitary ware, and smart locks, offering a full-spectrum display of a rich and diverse industrial ecosystem. Over the course of the four-day event, from the launch of ground breaking new products and immersive lighting scene displays at the main venue to on-site product selection and in-depth business discussions at the sub-venues, the fair showcased three major industry trends: "smart lighting, green and low-carbon solutions, and healthy lighting environments", delivering an array of remarkable highlights. With its comprehensive industry chain, this lighting fair highlighted the industry's profound transformation from "selling products and services" to "selling experiences and solutions", and an upgraded trend that has become a central focus for buyers. These achievements not only accelerate the lighting industry's transition to new productive quality forces but also clearly showcase the sector's comprehensive upgrade towards high-end, intelligent, and green development. Precise Business Matching for Efficient Collaboration This exhibition leveraged the Lighting Online platform to newly introduce the "Global Buyers Spring Sourcing" in collaboration for the first time with the Malaysia-China Chamber of Commerce. Over 100 high-quality overseas buyers from regions including Russia, Southeast Asia, West Asia, Europe, Africa, and Latin America were invited to form a professional buyer group and engaged in exclusive business matching with exhibitors and selected products on-site. During the fair, three "Denggle.com Business Matching" were held based on a dual mechanism of "smart algorithms + manual review" to ensure that the invited buyers not only have purchasing intentions but also demonstrate potential for long-term collaboration. Additionally, an Interstellar Plaza Sourcing Tour was introduced to enhance the precision of supply-demand alignment and foster mutual trust through exchange meetings and store visits. This assists enterprises in expanding their collaborative opportunities in Southeast Asia and broader global markets. Industry Dialogue to Explore Future Development Paths The organizer collaborated with professional organizations such as China Association of Lighting Industry, Guangdong Lighting Association, and Guangdong Electronic Commerce Association to host 6 high-quality themed events. The events centered on key topics such as consumption upgrades, smart lighting, green development, cross-border e-commerce, and global industry expansion, bringing together industry experts and corporate representatives for in-depth discussions and exchanges of ideas. These efforts continuously infused fresh perspectives and momentum into the high-quality development of the lighting industry. Meanwhile, the 8 sub-venues simultaneously hosted a variety of coordinated activities, including procurement fairs, business matchmaking events, and special promotional campaigns. A series of themed events, including the Star Alliance "Spring Special Lighting Fair", the Lihe Lighting Expo Center "Spring New Product Sourcing Season", and the Huayi Plaza "318 Global Lighting Sourcing Festival", were also presented, attracting a large number of merchants and energizing the Guzhen lighting market with strong momentum and vibrant business activity. Moving Forward with the New, Gathering Light from the World The 34th Guzhen Lighting Fair Successfully Concludes Enhancing the Industry and Expanding the Market Starting from Guzhen See you again in May! We sincerely express a grateful appreciation for all exhibitors, partners, media professionals, and visitors who joined us! Thanks to your support and participation, this Guzhen Lighting Fair showed a remarkable brilliance. Your trust will drive our continued progress. Let's look forward to the Guzhen Lighting Fair (Summer) this May to explore new opportunities in niche markets and create a new vision for the lighting industry with precise market insights and efficient resource connections!

2026-03-25

From BFA to the World: M&G Marks 20 Years of Telling China's Stationery Story

BOAO, China, March 25, 2026 /PRNewswire/ -- The Boao Forum for Asia Annual Conference 2026 (BFA) opened on March 24 in Hainan, China under the theme "Shaping a Shared Future: New Dynamics, New Opportunities, New Cooperation." As the forum's designated stationery supplier, Shanghai M&G Stationery Inc. (M&G, stock symbol 603899) has supported the event for more than 20 years since 2005, consistently supplying professional, high-quality products. M&G President Chen Huxiong has again been invited to attend, joining government and business leaders from across Asia and beyond. This year, M&G introduced a co-branded collection created in collaboration with internationally recognized artist Florence Bamberger. Drawing on cosmic themes, the collection features celestial design elements across a full range of products, including writing instruments, notebooks, pencil cases, and backpacks. The premium stationery set allows attendees to experience the craftsmanship and expertise of China's leading stationery brand. Aligned with the forum's sustainability focus, M&G debuted its Eco+Office low-carbon office series at the event. Designed for workplace use, the collection incorporates recycled plastics to reduce emissions at the source. Emissions data is calculated in accordance with ISO 14067 international standards and verified through full lifecycle carbon footprint assessments. M&G encourages more environmentally responsible choices through everyday office products. As the first publicly listed company in China's stationery sector to publish an ESG report, M&G continues to expand its sustainability initiatives and it has received a "B" score from the 2025 CDP for climate change. M&G was also included in S&P Global's Sustainability Yearbook 2026, becoming the only mainland China-based company selected for this recognition. With more than 30 years in the stationery industry, M&G invests over RMB 100 million annually in research and development and holds more than 1,400 patents. Its products have earned awards from leading international industrial design competitions. As one of the world's largest stationery manufacturers, M&G has been included in the World Brand Lab's "China's 500 Most Valuable Brands" for eight consecutive years, with a brand value of RMB 25.655 billion. From BFA to markets worldwide, M&G products are sold in more than 100 countries and regions, supported by nearly 70,000 retail outlets across China. The company continues to expand its international presence.

2026-03-25

Asia Pacific Consumers Lack Confidence to Achieve Economic Goals - Herbalife Survey

HONG KONG, March 25, 2026 /PRNewswire/ -- Herbalife, a premier health and wellness company and community and platform, released new findings from its Asia Pacific (APAC) Health and Economic Empowerment Survey 2025, where only two in five (43%) consumers feel very empowered to improve their economic wellbeing, and only one in three are very confident in achieving their economic goals in the next 12 months. In view of this, many plan to reduce their non-essential spending, invest or to start a business to boost their chances of achieving their goals. "The survey showed lower levels of economic empowerment and confidence among the consumers in this region, and many remain uncertain about their economic wellbeing in the year ahead. However, it's encouraging to see that people are actively seeking opportunities such as investing or starting a business to improve their financial future. For those seeking to make some extra income or grow a business, Herbalife offers a versatile platform of tools, technology, training and community to help people achieve their goals for greater economic stability," said Thomas Harms, Managing Director, Asia Pacific, Herbalife. The APAC Health and Economic Empowerment Survey 2025 was conducted in October last year and polled 8,505 respondents, including 2,245 entrepreneurs, across 11 markets including Australia, Hong Kong SAR, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan region, Thailand and Vietnam. Reducing spend, diversifying income sources key to improving economic wellbeing Among those surveyed, less than one in three (30%) rate their current state of economic wellbeing positively. This was influenced largely by the uncertain economic climate (47%), as well as the personal financial commitments (34%) that consumers already have. In response to this, many are choosing to actively take steps to boost their economic wellbeing in the next 12 months. Almost half (49%) plan to reduce their non-essential spending, one in three intend to explore investing options and one in four (23%) aim to start a business to improve their financial outlook. Gen Zs, Millennials more optimistic about improving health and economic wellbeing Looking ahead, there is greater optimism among younger consumers in improving their economic well-being and health in the next 12 months. Two in three Gen Zs (66%) and Millennials (62%) expect their economic to improve in the coming months, significantly higher than the average of 55% across all age groups. The survey also found a similar pattern when it comes to the outlook on one's health. Forty-seven percent of Gen Zs and 46% of Millennials expressed confidence in achieving their health goals in the next 12 months, higher than the proportion of Gen Xers (34%) and Boomers (27%) who share the same sentiments. Majority taking positive actions to realize health goals in the next 12 months The top three actions mentioned to improve overall health and well-being were exercising more (53%), giving up unhealthy lifestyle habits (43%), and increasing time on wellbeing activities (36%). The survey also revealed differences in the steps that men and women tend to take to realize their health goals. Men have a higher tendency to turn to exercise while women are more inclined to optimize their diet, choosing to consume healthier foods to boost health. Strong correlation between health and economic empowerment The findings showed a strong correlation between health and economic empowerment. Individuals who feel highly empowered to make decisions that improve their economic well-being (95%) are more likely to report higher levels of health empowerment (88%) in tandem. "This suggests that confidence in financial decision-making may just go hand-in-hand with one's confidence in managing personal health. In the face of ongoing uncertainties, taking charge of your economic and personal well-being is more important than ever before. Consumers can be more intentional about fostering positive lifestyle habits and diversifying income streams to lay the foundation for a healthier and fulfilling life," added Harms. About Herbalife Ltd. Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life. For more information, please contact: Susan Tan Director, Corporate Communications, Asia Pacific Herbalife Email: asiapacificteam@herbalife.com

2026-03-25

Fujitsu and The University of Osaka develop new technologies for chemical material energy calculations on early-FTQC quantum computers

Contributing to the early application of quantum computers in drug discovery and new material development TOKYO, March 25, 2026 /PRNewswire/ -- Fujitsu Limited and the Center for Quantum Information and Quantum Biology at The University of Osaka today announced the development of a new technology designed to accelerate the industrial application of quantum computers in the era of early fault-tolerant quantum computing (early-FTQC). By combining ver. 3 of the STAR architecture, a unique highly efficient phase rotation gate quantum computing architecture, with a novel molecular model optimization technique, researchers have significantly reduced computational resource requirements. This breakthrough will enable the energy calculations for chemical material design such as catalyst molecules, within a realistic timeframe using early-FTQC quantum computers. These kinds of calculations are currently not possible using current computers, and would take millennia even using previous versions of the STAR architecture. The technologies are expected to contribute to solving various societal challenges, including accelerating drug discovery, improving the efficiency of ammonia synthesis processes, and advancing carbon recycling technologies. Background Quantum computing holds significant promise across a wide range of industries, including drug discovery, cryptography, and finance. However, current quantum systems are highly error-prone, and practical applications are generally believed to require quantum computers with millions of qubits. In addition, the accurate calculation of complex molecular chemical energies for practical applications has required excessive computational resources, with prior methods limited by insufficient computational power or impractical timeframes. Future plans Fujitsu and The University of Osaka will continue to advance the STAR architecture and molecular model optimization technology, expanding the practical application range of quantum computers in the early-FTQC era. The partners aim to contribute to solving societal challenges by applying these technologies across various industrial fields, including drug discovery, new material development, and finance. For full release click here

2026-03-25

Hikvision launches TalkVu Video Intercom series, taking security and communication to the next level

HANGZHOU, China, March 25, 2026 /PRNewswire/ -- Hikvision has launched a brand new TalkVu Video Intercom series. This next-generation family of products transforms how homeowners experience security and communication. Hikvision launches TalkVu Video Intercom series Embodying the brand vision 'Talk Clear, View Smart', the TalkVu series combines crystal-clear 4 MP imaging, AI-powered audio optimization, and intuitive controls to deliver exceptional clarity in monitoring doorstep activities, distortion-free conversations, and seamless management of connected environments. View smart: Crystal-clear vision in any lighting condition TalkVu's 4 MP outdoor camera is paired with 1080p indoor displays to capture doorstep activities in exceptional detail, day or night. The 150°/180° ultra-wide lens eliminates blind spots while advanced imaging algorithms automatically adjust for bright sunlight or low-light conditions. This ensures faces and packages remain clearly visible at all times. The cutting-edge AI-ISP technology leverages AI for better noise reduction, color accuracy, and dynamic range, resulting in clearer, more detailed, and smarter visual output especially in low-light environments. Talk clear: Distortion-free communication TalkVu's dual-microphone array features intelligent noise reduction which eliminates environmental interference from conversations. Directional sound pickup technology focuses on human voices while filtering out unwanted sounds from wind, traffic, and background disturbance. High-output speakers ensure crystal-clear conversations—whether greeting visitors or coordinating with delivery personnel during adverse weather—making distance irrelevant to communications quality. Proactive AI-powered security TalkVu evolves security from reactive to proactive protection. Multi-modal access control supports facial recognition, access cards, PIN codes, Bluetooth, QR codes, and mobile app authorization. Intelligent video analytics provide smart event detection including fall detection, line crossing, and region intrusion with instant alerts, while abnormal sound detection identifies screaming, glass breaking, and unusual sounds with immediate notifications. These layered features transform your intercom into an intelligent and proactive protection system. Comprehensive control, three simple ways TalkVu's indoor station serves as your command center, seamlessly connecting video security, alarms, intercoms, elevator controls, lighting, and climate—all accessible with simple touches. The Hik-Connect app enables instant mode switching between 'At Home' and 'Away' for total control at your fingertips. Voice commands provide natural environment control for dimming lights, adjusting temperature, or closing blinds effortlessly. Discover the future of connected security communication To learn more about how TalkVu transforms security, communication and home management, visit our website or contact your Hikvision sales office.

2026-03-25

Cheetah Mobile Announces Fourth Quarter and Fiscal Year 2025 Unaudited Consolidated Financial Results

AI and Others revenue grew 84.7% year over year and accounted for 46.5% of total revenue in 2025 BEIJING, March 24, 2026 /PRNewswire/ -- Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company") (NYSE: CMCM), a China-based IT company with a commitment to AI innovation, today announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2025. Full Year 2025 Financial Highlights Total revenues increased by 42.6% year over year to RMB 1,150.4 million (US$164.5 million) in 2025, driven by strong expansion across business segments. Revenue from the Internet business increased by 19.0% year over year to RMB 615.3 million (US$88.0 million) . Revenue from the AI and Others segment increased by 84.7% year over year to RMB 535.2 million (US$76.5 million), reflecting continued scaling of the Company's emerging initiatives. The AI and Others segment accounted for 46.5% of total revenues in 2025, compared with 35.9% in 2024. Gross profit increased by 53.0% year over year to RMB 834.0 million (US$119.3 million). Gross margin improved to 72.5% in 2025 from 67.6% in 2024. On a non-GAAP basis, gross profit was RMB 834.0 million (US$119.3 million), and non-GAAP gross margin was 72.5%. Operating loss decreased by 59.0% year over year to RMB 179.4 million (US$25.7 million) in 2025. On a non-GAAP basis, operating profit was RMB 14.2 million (US$2.0 million), compared with a non-GAAP operating loss of RMB 231.8 million in 2024. The Internet business generated adjusted operating profit of approximately RMB 114.9 million in 2025, representing a 82.8% year-over-year increase and reflecting improving profitability and strong cash flow generation. Adjusted operating margin for this segment was 18.7% in 2025, compared with 12.1% in 2024. The AI and Others segment reported an adjusted operating loss of approximately RMB 274.5 million in 2025, representing a 42.1% year-over-year reduction, as the Company continued improving operating efficiency while scaling emerging initiatives. Cash and cash equivalents were RMB 1,506.6 million (US$215.4 million) as of December 31, 2025. Fourth Quarter 2025 Financial Highlights Total revenues increased by 30.3% year over year and 7.5% quarter over quarter to RMB 308.9 million (US$44.2 million) in the fourth quarter of 2025. Revenue from the Internet business was RMB 155.9 million (US$22.3 million) in the fourth quarter of 2025. While Internet business revenue declined slightly year over year, it increased 9.5% quarter over quarter. Revenue from the AI and Others segment reached RMB 153.0 million (US$21.9 million), representing a 98.8% year-over-year increase and a 5.5% quarter-over-quarter increase, reflecting continued growth momentum of the Company's emerging initiatives. The AI and Others segment accounted for 49.5% of total revenues in the fourth quarter of 2025, compared with 32.5% in the same period last year, representing nearly half of total revenue. Gross profit increased by 18.9% year over year to RMB 205.4 million (US$29.4 million) in the fourth quarter of 2025. On a non-GAAP basis, gross profit increased by 19.2% year over year to RMB 205.4 million (US$29.4 million). Operating loss decreased by 29.6% year over year to RMB 145.8 million (US$20.8 million) in the fourth quarter of 2025. On a non-GAAP basis, operating profit was RMB 15.5 million (US$2.2 million), compared with a non-GAAP operating loss of RMB 42.5 million in the fourth quarter of 2024. The Internet business generated adjusted operating profit of approximately RMB 46.7 million in the fourth quarter of 2025, representing a 78.1% year-over-year increase, and continued to serve as a stable profit contributor to the Company. The AI and Others segment reported an adjusted operating loss of approximately RMB 183.3 million in the fourth quarter of 2025, representing a 19.7% year-over-year reduction in operating loss. Management Commentary Fu Sheng, Chief Executive Officer of Cheetah Mobile, commented: "2025 marked a turning point for Cheetah Mobile. We delivered revenue growth while meaningfully improving operating efficiency and achieved full-year non-GAAP operating profitability. Our robotics business, which represented approximately 18.9% of total revenue in the fourth quarter, increased 93.6% year over year and 42.9% quarter over quarter, showing strong growth momentum. We are expanding our robotic product portfolio with a consumer-facing smart wheelchair, leveraging our existing autonomous mobility technologies. Our internet business remained a stable cash-generating platform, supporting disciplined investment in AI-driven capabilities. Leveraging our long-standing utility product experience, we continued to enhance our AI agent products, with the introduction of EasyClaw, our AI coworker platform designed to help users create and deploy AI agents more easily. While monetization remains at an early stage, these initiatives are part of our long-term strategy to build sustainable growth engines." Thomas Ren, Chief Financial Officer of Cheetah Mobile, commented: "In 2025, we continued to strengthen operating discipline and improve cost efficiency across the organization. Although we reported a GAAP operating loss for the year, operating loss narrowed significantly year over year. On a non-GAAP basis, we achieved operating profitability, reflecting an improved cost structure and increasing operating leverage. Within our Internet business, internet value-added services, which contributed 74.8% of this segment's revenues in the fourth quarter of 2025, expanded by 32.0% year over year and 16.2% quarter over quarter, enhancing earnings visibility and margin stability. In our AI and Others segment, revenue contribution increased year over year and accounted for nearly half of total revenues in the fourth quarter of 2025, while operating loss narrowed as we maintained selective investment and cost control. We ended the year with a solid cash position, providing financial flexibility to support disciplined capital allocation." Conference Call Information The Company will hold a conference call on March 24, 2026, at 7:00 a.m. Eastern Time (or 7:00 p.m. Beijing Time) to discuss its financial results. Listeners may access the call by dialing the following numbers: Main Line:International: 1-412-317-6061United States Toll Free: 1-888-317-6003Mainland China Toll Free: +86-4001-206115Hong Kong Toll Free: 800-963976Conference ID: 8826704 English Translation:International: 1-412-317-6061United States Toll Free: 1-888-317-6003Mainland China Toll Free: +86-4001-206115Hong Kong Toll Free: 800-963976Conference ID: 6928279 A live and archived webcast of the conference call will also be available at the Company's investor relations website at http://ir.cmcm.com. Exchange Rate This press release contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars in this press release were made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under accounting principles generally accepted in the United States of America ("U.S. GAAP"). About Cheetah Mobile Inc. Cheetah Mobile is a China-based IT company with a commitment to AI innovation. It has developed and launched a diversified suite of software products for PCs and mobile devices, designed to address users' needs in document processing, system optimization, image editing and web browsing, among others. Cheetah Mobile provides advertising services to advertisers worldwide, value-added services including the sale of premium membership to its users, multi-cloud management platform to companies globally, as well as robotic products to international clients. At the same time, it actively engages in research and development of advanced technologies to empower its products and services. Cheetah Mobile has been listed on the New York Stock Exchange since May 2014. Safe Harbor Statement This press release contains forward-looking statements. These statements, including management quotes and business outlook, constitute forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Such statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but are not limited to the following: Cheetah Mobile's growth strategies; Cheetah Mobile's ability to retain and increase its user base and expand its product and service offerings; Cheetah Mobile's ability to monetize its platform; Cheetah Mobile's future business development, financial condition and results of operations; competition with companies in a number of industries including internet companies that provide online marketing services and internet value-added services; expected changes in Cheetah Mobile's revenues and certain cost or expense items; and general economic and business condition globally and in China. Further information regarding these and other risks is included in Cheetah Mobile's filings with the U.S. Securities and Exchange Commission. Cheetah Mobile does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. Use of Non-GAAP Financial Measures This release contains non-GAAP financial measures, including but not limited to: Non-GAAP cost of revenues excludes share-based compensation expenses; Non-GAAP gross profit excludes share-based compensation expenses; Non-GAAP gross margin excludes share-based compensation expenses; Total non-GAAP operating expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions; Non-GAAP research and development expenses exclude share-based compensation expenses, amortization of intangible assets resulting from business acquisitions; Non-GAAP selling and marketing expenses exclude share-based compensation expenses , amortization of intangible assets resulting from business acquisitions; Non-GAAP general and administrative expenses exclude share-based compensation expenses; Non-GAAP operating profit/loss excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions and impairment of goodwill and intangible assets resulting from business acquisitions; Non-GAAP net income/loss attributable to Cheetah Mobile shareholders excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions; Non-GAAP diluted earnings/losses per ADS excludes share-based compensation expenses, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measures for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measures are useful supplemental information for investors and analysts to assess its operating performance without the effect of share-based compensation expenses, amortization of intangible assets, amortization of intangible assets resulting from business acquisitions, impairment of goodwill and intangible assets resulting from business acquisitions, which have been and will continue to be significant recurring expenses in its business. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Cheetah Mobile Inc. Reconciliation of GAAP and non-GAAP Results". Investor Relations Contact Helen Jing ZhuCheetah Mobile Inc.Tel: +86 10 6292 7779Email: ir@cmcm.com CHEETAH MOBILE INC.Condensed Consolidated Balance Sheets(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$")) As of December 31, 2024 December 31, 2025 RMB RMB USD ASSETS Current assets: Cash and cash equivalents 1,833,031 1,506,625 215,445 Short-term investments 335 9,527 1,362 Accounts receivable, net 473,619 468,058 66,931 Prepayments and other current assets, net 1,365,761 1,154,774 165,132 Due from related parties, net 106,934 94,821 13,559 Total current assets 3,779,680 3,233,805 462,429 Non-current assets: Property and equipment, net 51,564 40,238 5,754 Operating lease right-of-use assets 26,323 16,833 2,407 Intangible assets, net 190,665 54,069 7,732 Goodwill 424,099 460,034 65,784 Long-term investments 817,330 688,459 98,448 Deferred tax assets 128,581 112,913 16,146 Other non-current assets 86,059 77,521 11,085 Total non-current assets 1,724,621 1,450,067 207,356 Total assets 5,504,301 4,683,872 669,785 LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 219,566 211,689 30,271 Accrued expenses and other current liabilities 2,756,805 2,264,659 323,842 Due to related parties 69,606 18,613 2,662 Income tax payable 35,804 54,430 7,783 Total current liabilities 3,081,781 2,549,391 364,558 Non-current liabilities: Deferred tax liabilities 43,046 21,711 3,105 Other non-current liabilities 172,348 154,422 22,082 Total non-current liabilities 215,394 176,133 25,187 Total liabilities 3,297,175 2,725,524 389,745 Mezzanine equity: Redeemable noncontrolling interests 189,725 197,560 28,251 Shareholders' equity: Ordinary shares 248 254 36 Additional paid-in capital 2,722,504 2,736,117 391,260 Accumulated deficit (1,232,577) (1,490,947) (213,203) Accumulated other comprehensive income 410,423 362,245 51,800 Total Cheetah Mobile Inc. shareholders' equity 1,900,598 1,607,669 229,893 Noncontrolling interests 116,803 153,119 21,896 Total shareholders' equity 2,017,401 1,760,788 251,789 Total liabilities, mezzanine equity and shareholders' equity 5,504,301 4,683,872 669,785 CHEETAH MOBILE INC.Condensed Consolidated Statements of Comprehensive Loss(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for number of shares and per share(or ADS) data) For The Three Months Ended For The Year Ended December 31, 2024 December 31, 2025 December 31,2025 December 31, 2024 December 31, 2025 December 31, 2025 RMB RMB USD RMB RMB USD Revenues 237,089 308,851 44,165 806,877 1,150,444 164,511 Internet business 160,152 155,896 22,293 517,188 615,281 87,984 AI and others 76,937 152,955 21,872 289,689 535,163 76,527 Cost of revenues (a) (64,317) (103,475) (14,797) (261,682) (316,411) (45,246) Gross profit 172,772 205,376 29,368 545,195 834,033 119,265 Operating income and expenses: Research and development (a) (65,506) (149,863) (21,430) (243,391) (346,152) (49,499) Selling and marketing (a) (104,851) (72,657) (10,390) (342,421) (362,735) (51,870) General and administrative (a) (56,281) (87,101) (12,455) (244,385) (266,522) (38,112) Impairment of goodwill and intangible assets (152,890) (41,563) (5,943) (152,890) (41,563) (5,943) Other operating (expense)/income (377) 31 4 637 3,496 500 Total operating income and expenses (379,905) (351,153) (50,214) (982,450) (1,013,476) (144,924) Operating loss (207,133) (145,777) (20,846) (437,255) (179,443) (25,659) Other income/(expenses): Interest income, net 9,862 5,484 784 44,422 30,629 4,380 Foreign exchange (losses)/gains (32,236) 14,156 2,024 (21,726) 30,783 4,402 Other expense, net (82,300) (74,481) (10,651) (139,769) (108,652) (15,537) Loss before income taxes (311,807) (200,618) (28,689) (554,328) (226,683) (32,414) Income tax (expenses)/benefits (51,064) 13,722 1,962 (47,258) (8,469) (1,211) Net loss (362,871) (186,896) (26,727) (601,586) (235,152) (33,625) Less: net income attributable to noncontrolling interests 3,913 3,843 550 15,971 22,561 3,226 Net loss attributable to Cheetah Mobile shareholders (366,784) (190,739) (27,277) (617,557) (257,713) (36,851) Net loss per share Basic (0.2438) (0.1262) (0.0180) (0.4161) (0.1754) (0.0251) Diluted (0.2439) (0.1262) (0.0180) (0.4162) (0.1764) (0.0252) Net loss per ADS Basic (12.1907) (6.3082) (0.9000) (20.8042) (8.7724) (1.2550) Diluted (12.1947) (6.3082) (0.9000) (20.8097) (8.8185) (1.2600) Weighted average number of shares outstanding Basic 1,512,707,145 1,550,604,238 1,550,604,238 1,503,054,847 1,533,473,068 1,533,473,068 Diluted 1,512,707,145 1,550,604,238 1,550,604,238 1,503,054,847 1,533,473,068 1,533,473,068 Weighted average number of ADSs outstanding Basic 30,254,143 31,012,085 31,012,085 30,061,097 30,669,461 30,669,461 Diluted 30,254,143 31,012,085 31,012,085 30,061,097 30,669,461 30,669,461 Other comprehensive income/(loss) , net of tax of nil Foreign currency translation adjustments 51,667 (25,511) (3,648) 49,045 (50,422) (7,210) Unrealized gains/(losses) on available-for-sale securities, net 7,277 (5,541) (792) 2,642 1,121 160 Other comprehensive income/(loss) 58,944 (31,052) (4,440) 51,687 (49,301) (7,050) Total comprehensive loss (303,927) (217,948) (31,167) (549,899) (284,453) (40,675) Less: Total comprehensive income attributable to noncontrolling interests 2,199 1,889 270 14,089 21,438 3,066 Total comprehensive loss attributable to Cheetah Mobile shareholders (306,126) (219,837) (31,437) (563,988) (305,891) (43,741) For The Three Months Ended For The Year Ended December 31, 2024 December 31, 2025 December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2025 (a) Share-based compensation expenses RMB RMB USD RMB RMB USD Cost of revenues (460) 2 - 81 16 2 Research and development 1,280 1,007 144 1,924 1,193 171 Selling and marketing (495) 290 41 (662) 773 111 General and administrative 4,819 7,867 1,125 24,758 17,858 2,554 Total 5,144 9,166 1,310 26,101 19,840 2,838 CHEETAH MOBILE INC.Reconciliation of GAAP and Non-GAAP Results(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for per share data ) For The Three Months Ended December 31, 2025 For The Year Ended December 31, 2025 GAAP Share-based Amortization of Impairment Non-GAAP GAAP Share-based Amortization of Impairment Non-GAAP Result Compensation intangible assets* of goodwill and intangible assets Result Result Compensation intangible assets* of goodwill and intangible assets Result RMB RMB RMB RMB RMB USD RMB RMB RMB RMB RMB USD Revenues 308,851 - - - 308,851 44,165 1,150,444 - - - 1,150,444 164,511 Cost of revenues (103,475) 2 - - (103,473) (14,797) (316,411) 16 - - (316,395) (45,244) Gross profit 205,376 2 - - 205,378 29,368 834,033 16 - - 834,049 119,267 Research and development (149,863) 1,007 108,471 - (40,385) (5,775) (346,152) 1,193 127,171 - (217,788) (31,143) Selling and marketing (72,657) 290 2,070 - (70,297) (10,053) (362,735) 773 5,078 - (356,884) (51,033) General and administrative (87,101) 7,867 - - (79,234) (11,330) (266,522) 17,858 - - (248,664) (35,558) Impairment of goodwill and intangible assets (41,563) - - 41,563 - - (41,563) - - 41,563 - - Other operating income, net 31 - - - 31 4 3,496 - - - 3,496 500 Total operating income and expenses (351,153) 9,164 110,541 41,563 (189,885) (27,154) (1,013,476) 19,824 132,249 41,563 (819,840) (117,234) Operating (loss)/income (145,777) 9,166 110,541 41,563 15,493 2,214 (179,443) 19,840 132,249 41,563 14,209 2,033 Net loss attributable to Cheetah Mobile shareholders (190,739) 9,166 110,541 41,563 (29,469) (4,217) (257,713) 19,840 132,249 41,563 (64,061) (9,159) Diluted losses per ordinary share (RMB) (0.1262) 0.0059 0.0714 0.0268 (0.0221) (0.1764) 0.0129 0.0863 0.0271 (0.0501) Diluted losses per ADS (RMB) (6.3082) 0.2950 3.5682 1.3400 (1.1050) (8.8185) 0.6450 4.3135 1.3550 (2.5050) Diluted losses per ADS (USD) (0.9000) 0.0422 0.5082 0.1916 (0.1580) (1.2600) 0.0922 0.6158 0.1938 (0.3582) For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024 GAAP Share-based Amortization of Impairment Non-GAAP GAAP Share-based Amortization of Impairment Non-GAAP Result Compensation intangible assets* of goodwill and intangible assets Result Result Compensation intangible assets* of goodwill and intangibleassets Result RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB Revenues 237,089 - - - 237,089 806,877 - - - 806,877 Cost of revenues (64,317) (460) - - (64,777) (261,682) 81 - - (261,601) Gross profit 172,772 (460) - - 172,312 545,195 81 - - 545,276 Research and development (65,506) 1,280 6,156 - (58,070) (243,391) 1,924 24,624 - (216,843) Selling and marketing (104,851) (495) 469 - (104,877) (342,421) (662) 1,876 - (341,207) General and administrative (56,281) 4,819 - - (51,462) (244,385) 24,758 - - (219,627) Impairment of goodwill and intangible assets (152,890) - - 152,890 - (152,890) - - 152,890 - Other operating income, net (377) - - - (377) 637 - - - 637 Total operating income and expenses (379,905) 5,604 6,625 152,890 (214,786) (982,450) 26,020 26,500 152,890 (777,040) Operating loss (207,133) 5,144 6,625 152,890 (42,474) (437,255) 26,101 26,500 152,890 (231,764) Net loss attributable to Cheetah Mobile shareholders (366,784) 5,144 6,625 152,890 (202,125) (617,557) 26,101 26,500 152,890 (412,066) Diluted losses per ordinary share (RMB) (0.2439) 0.0034 0.0044 0.1011 (0.1350) (0.4162) 0.0174 0.0176 0.1017 (0.2795) Diluted losses per ADS (RMB) (12.1947) 0.1700 0.2200 5.0547 (6.7500) (20.8097) 0.8700 0.8800 5.0847 (13.9750) * This represents amortization of intangible assets resulting from business acquisitions. CHEETAH MOBILE INC.Information about Segment(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$"), except for percentage) For The Three Months Ended December 31, 2025 For The Year Ended December 31, 2025 Internet Business AI and others Consolidated Internet Business AI and others Consolidated RMB RMB RMB USD RMB RMB RMB USD Revenues 155,896 152,955 308,851 44,165 615,281 535,163 1,150,444 164,511 Operating Costs and expenses Cost of revenues(i) 31,300 72,173 103,473 14,797 106,606 209,789 316,395 45,244 Selling and marketing(i) 45,326 27,041 72,367 10,349 220,312 141,650 361,962 51,759 Research and development(i) 10,367 138,489 148,856 21,286 110,060 234,899 344,959 49,328 Other segment items(i) 22,237 98,529 120,766 17,269 63,436 223,295 286,731 41,001 Adjusted operating income/(losses) 46,666 (183,277) (136,611) (19,536) 114,867 (274,470) (159,603) (22,821) Unallocated amounts-share based compensations (9,166) (1,310) (19,840) (2,838) Operating loss (145,777) (20,846) (179,443) (25,659) Reconciliation of segment profit/(loss) Interest income, net 5,484 784 30,629 4,380 Foreign exchange gains, net 14,156 2,024 30,783 4,402 Other expense, net (74,481) (10,651) (108,652) (15,537) Loss before income taxes (200,618) (28,689) (226,683) (32,414) For The Three Months Ended December 31, 2024 For The Year Ended December 31, 2024 Internet Business AI and others Consolidated Internet Business AI and others Consolidated RMB RMB RMB RMB RMB RMB Revenues 160,152 76,937 237,089 517,188 289,689 806,877 Operating Costs and expenses Cost of revenues(i) 21,174 43,603 64,777 79,812 181,789 261,601 Selling and marketing(i) 70,243 35,103 105,346 200,945 142,138 343,083 Research and development(i) 30,651 33,575 64,226 115,476 125,991 241,467 Other segment items(i) 11,877 192,852 204,729 58,122 313,758 371,880 Adjusted operating income/(losses) 26,207 (228,196) (201,989) 62,833 (473,987) (411,154) Unallocated amounts-share based compensations (5,144) (26,101) Operating loss (207,133) (437,255) Reconciliation of segment profit/(loss) Interest income, net 9,862 44,422 Foreign exchange gains, net (32,236) (21,726) Other expense, net (82,300) (139,769) Loss before income taxes (311,807) (554,328) (i) Share-based compensations were not allocated to segments. Other segment items include general and administrative expenses and other operating expenses allocated to the respective segments. CHEETAH MOBILE INC.Reconciliation from Net Loss Attributable to Cheetah Mobile Shareholders to Adjusted EBITDA (Non-GAAP)(Unaudited, amounts in thousands of Renminbi ("RMB") and US dollars ("US$")) For The Three Months Ended For The Year Ended December 31, 2024 December 31,2025 December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2025 RMB RMB USD RMB RMB USD Net loss attributable to Cheetah Mobile shareholders (366,784) (190,739) (27,277) (617,557) (257,713) (36,851) Add: Income tax expenses/(benefits) 51,064 (13,722) (1,962) 47,258 8,469 1,211 Interest income, net (9,862) (5,484) (784) (44,422) (30,629) (4,380) Depreciation and other amortization 14,619 114,426 16,363 51,453 147,235 21,054 Net income attributable to noncontrolling interests 3,913 3,843 550 15,971 22,561 3,226 Other expense, net 114,536 60,325 8,627 161,495 77,869 11,135 Share-based compensation 5,144 9,166 1,310 26,101 19,840 2,838 Impairment of goodwill and intangible assets 152,890 41,563 5,943 152,890 41,563 5,943 Adjusted EBITDA (34,480) 19,378 2,770 (206,811) 29,195 4,176

2026-03-25

Tongcheng Travel Revenue Reaches 19.4 Billion in 2025

Leveraging the Mass Travel Market for Steady Performance GrowthEmbracing AI for High-Quality Development HONG KONG, March 24, 2026 /PRNewswire/ -- Tongcheng Travel Holdings Limited ("Tongcheng Travel" or the "Company", together with its subsidiaries the "Group", stock code: 0780.HK), a leading comprehensive travel service platform in China, today announced its audited consolidated results for the year ended 31 December 2025 (the "period under review" or "2025"). Mr. Ma Heping, Executive Director and Chief Executive Officer of Tongcheng Travel, said, "After a period of recovery and reacceleration, China's travel industry transitioned toward quality-driven development. In 2025, we capitalized on the industry tailwind to enhance our brand influence, further strengthening our market position within the mass market. Throughout the year, we deep-dived into evolving user needs, and precisely identified shifts in user preferences, which enabled us to capture emerging growth opportunities. As such, Tongcheng Travel further solidified its leadership in the mass travel market. Our diversified businesses include hotel management business, also achieved rapid expansion. Moving forward, we will remain steadfast in our user-centric commitment, sparing no effort to fulfill our mission of making travel easier and more joyful'." 2025 Highlights with Year-on-year ("yoy") Comparison Revenue and Adjusted Profit Continued Strong Growth Trajectory Revenue increased by 11.9% yoy to RMB19,396.0 million Adjusted EBITDA increased by 26.9% yoy to RM5,137.7 million Adjusted net profit increased by 22.2% yoy to RMB3,403.3 million The board proposed a final dividend of HKD 0.25 per share Steady User Base Expansion Reinforces Leadership in the Mass Travel Sector Monthly Paying Users ("MPUs") increased by 5.6% yoy to 45.5 million, reaching a record high Annual Paying Users ("APUs") increased by 6.0% yoy to 252.6 million Twelve-month Accumulated Number of Travelers Served increased by 5.5% yoy to 2,034.3 million, further expanded its presence in China's mass travel market. 2025 Highlights with Year-on-year ("yoy") Comparison Core OTA Businesses Maintained Solid Growth and Demonstrated Strong Resilience Revenue of core OTA business increased by 16.0% yoy to RMB16,471.5 million Revenue from transportation ticketing services increased by 9.6% yoy to RMB 7,925.4 million, the international air ticketing business achieved balanced growth in volume and revenue Revenue from accommodation reservation services increased by 16.8% yoy to RMB5,450.8 million, culminating in record-breaking room nights sold Revenue from other businesses increased by 34.4% yoy to RMB3,095.2 million MPUs Reached Historical High, Underscoring Success in the Mass Travel MarketLeveraging the advantages in user acquisition and operational efficiency, Tongcheng Travel further expanded its presence in China's mass travel market. Benefiting from effective user acquisition and interactive engagement initiatives, Tongcheng Travel's user base and user value continued to expand. During the period under review, the Group's MPUs increased by 5.6% yoy to 45.5 million, marking a record high, while its APUs increased by 6.0% yoy to 252.6 million. The twelve-month Accumulated Number of Travelers Served increased by 5.5% yoy to 2,034.3 million. Traffic growth has been the cornerstone of the Group's success. During the period under review, the Group's standalone APP, the key driver for acquiring new users, maintained strong growth momentum. Its DAUs grew significantly in 2025, demonstrating the effectiveness of the Group's innovative marketing campaigns and underscoring rising brand influence across the target market. As of 2025, the Group's registered users residing in non-first tier cities in China accounted for over 87% of the total registered users and around 70% of the new paying users on the Weixin platform were from non-first tier cities in China. High-Quality Growth in Core OTA Business Consolidates Market PositionDuring the period under review, the Group's core OTA business experienced robust growth. The Group's transportation business maintained solid growth. The revenue from transportation ticketing services increased by 9.6% yoy to RMB7,925.4 million. In 2025, Tongcheng Travel placed a strong emphasis on improving both user experience and engagement. It proactively expanded travel supplies and diversified its product offerings to provide a wider range of mobility options, ensuring seamless journeys for users. Meanwhile, the Group continuously iterated its algorithm-driven Huixing system, optimizing its capabilities to deliver feasible and accessible travel solutions, further enhancing the overall travel experience. The Group's accommodation business maintained its growth momentum throughout 2025 and recorded robust growth. During the period under review, the revenue from the accommodation business increased by 16.8% yoy to RMB5,450.8 million. The Group observed a noticeable shift in users' preferences toward high-quality hotels and strategically realigned its operational resources to better capture these growth opportunities and meet evolving market demand. Changing consumer preferences, together with its proactive operational adjustments, drove a meaningful increase in the proportion of high-quality hotel room nights sold on its platform throughout the year. As for the international accommodation business, the Group continued deepening collaboration with global third-party partners, further enriching its product and service offerings. The enhanced product capabilities, combined with precise marketing campaigns, propelled strong growth in the international hotel room nights sold during the year. Benefited from the outstanding performance of its hotel management businesses and the consolidation of Wanda Hotels and Resorts, the Group's other businesses once again demonstrated remarkable results. During the period under review, the revenue from other business increased by 34.4% yoy and reached RMB3,095.2 million. the Group recognize significant growth potential within China's hotel industry and have positioned the hotel management business as a key growth driver for the Company. Embracing AI Technology to Power the Group's High-Quality DevelopmentAs an innovation-driven enterprise, Tongcheng Travel firmly believe in the transformative power of AI and proactively embrace technological advancement to drive its growth and success. During the period under review, the Group strengthened the integration of AI across the travel service chain to better identify user needs and deliver superior experiences. By integrating its AI-powered travel planner DeepTrip into air ticketing services, the Group aim to address users' pre-booking inquiries while helping them identify competitive ticket prices. In customer service, Tongcheng Travel has consistently advanced the integration of AI throughout the entire customer service process, with AI currently covering the majority of user inquiry scenarios. Additionally, the Group has made continuous advancements in AI capabilities to deliver timely and human-like responses. All these have not only reduced the workload of customer service staff but also significantly enhanced operational efficiency. In addition, as a socially responsible enterprise, Tongcheng Travel remains committed to enhancing its ESG performance. In 2025, the Group's efforts yielded significant results, garnering multiple international recognitions for its ESG achievements. The Group's MSCI ESG rating was elevated to the highest level of AAA, placing it among the top 5% of global companies in the industry. The Group's CSA score also improved for the third consecutive year, and it was awarded Industry Mover by S&P Global. In addition, Tongcheng Travel maintained its position in S&P Global's Sustainability Yearbook (China) for the third consecutive year. All these achievements have not only demonstrated its leadership in ESG performance among global peers, but also reflected the Group's resilience and excellence in corporate sustainability in the face of market uncertainties, evolving policy landscape and dynamic social development. Moving forward, Tongcheng Travel will continue focusing on the mass travel market by expanding product offerings, optimizing service experiences, enriching membership privileges and deepening user engagement, with an aim to strengthening user loyalty and mindshare in target market. With respect to its hotel management business, the Group will accelerate its expansion in 2026, supported by the enhanced hotel brand portfolio, a well-established ecosystem and its strong internet-driven operational capabilities. Concurrently, the Group will prudently explore investment opportunities that are consistent with its long-term strategy to support sustainable growth, with the objective of creating enduring value for all stakeholders. -End- About Tongcheng Travel Holdings Limited (HKEX Stock Code: 0780.HK)Tongcheng Travel is a one-stop shop for users' travel needs. With the mission "make travel easier and more joyful", Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, packaged tour, and a wide array of value-added ancillary services primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile APPs, quick APPs and other channels. As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user needs and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to intelligent travel assistant. For more information, please visit the Group's website at https://www.tongchengir.com

2026-03-25

Guidebook download: Streamlining video surveillance projects with Hikvision's Hik-Partner Pro Designer

HANGZHOU, China, March 24, 2026 /PRNewswire/ -- To ensure customer satisfaction, security channel professionals need to plan proactively and communicate clearly. Customers must know, from the beginning of negotiations to receiving their new video surveillance system, that they'll have the best possible solution matching their needs to the full extent. Starting with the initial site survey all the way to the technical quote for the customer, integrators usually have to migrate projects from one platform to another multiple times, each time causing friction and increasing the risk of error. For Hikvision partners, those mounting difficulties have come to an end. HPP Designer is not simply another tool that promises to simplify certain steps one by one. Instead it is an all-in-one tool fully embedded in Hik-Partner Pro, the platform that enables professionals to manage all customer-facing tasks involving Hikvision solutions. For each new project, partners start by uploading the floorplan of the site directly to the platform, where the AI-powered tool automatically turns it into a virtual version of the site. The partner can now design the project, from placing Hikvision cameras to calculating and visualizing their performance, and eventually generating a quotation that leaves the customer reassured that they'll have the best possible solution in place in the quickest possible time. Hikvision and asmag.com have jointly created a guidebook for HPP Designer, highlighting its benefits to partners and customers, and seeking to answer all important questions from how it can be used and what benefits it brings. Guidebook download: Streamlining video surveillance projects with Hikvision’s Hik-Partner Pro Designer HPP Designer helps streamline video surveillance project planning by filling the gap between site survey and technical quotation with a tool that is as precise as it's intuitive in its usage. Modern video surveillance systems are becoming ever-more capable, thanks to advances in AI and integration with other systems within security and beyond. When it comes to designing security systems and putting them into place, it is becoming ever more important to reduce complexity, though. HPP Designer enables Hikvision partners to design systems in the easiest possible way, without compromising on performance and precision. Find out all about HPP Designer and read the full guidebook, available for download now.

2026-03-25

SanSara Presents a Limited-Time Four-Hands Collaboration with Chef Sohan Singh of MICHELIN Bib Gourmand-Awarded RANG (Da Nang, Vietnam)

SINGAPORE, March 24, 2026 /PRNewswire/ -- SanSara at Grand\ Copthorne\ Waterfront Hotel Singapore unveils Two Masters, One Flame, a limited-time four-hands collaboration between Chef Pannalal Nath, Master Chef of SanSara, and Chef Sohan Singh of RANG, Da Nang, the MICHELIN Bib Gourmand–awarded modern Indian restaurant redefining Indian cuisine in Vietnam. Running from 24 to 28 March 2026, this five-day dining experience presents a co-created menu that harmonises contemporary innovation with classical Indian culinary craft. From left to right: Chef Sohan Singh of RANG and SanSara’s Master Chef Pannalal Nath Designed as a shared creative endeavour, the collaboration brings together two distinct culinary perspectives. Chef Sohan's globally influenced style is shaped by his experience across Dubai, Sydney, the Maldives, the UK and the Caribbean, while Chef Nath draws on his classical North Indian roots, known for depth of flavour, refined technique and respect for heritage. "This collaboration beautifully reflects the shared cultural heritage and rich culinary traditions that connect India and Singapore. It not only showcases the diversity of Indian cuisine but also strengthens people-to-people ties and cultural exchange between our communities," shared Her Excellency Ms Pooja Tillu, Deputy High Commissioner of India to Singapore. Selected for his modern interpretation of Indian cuisine, Chef Sohan brings the creative spirit behind RANG's MICHELIN Bib Gourmand distinction, while Chef Nath anchors the experience with classical depth and technique. "This collaboration allowed us to explore Indian cuisine from two complementary angles," said Chef Sohan. "Working alongside Chef Pannalal, we focused on dishes that honour classical flavours while presenting them in a refined, contemporary way." "For me, this was about creating something meaningful together," added Chef Pannalal Nath. "Each dish reflects a meeting point between classical foundations and modern expression, shaped with intention and balance." Guests can look forward to dishes such as Sweet Potato Gnocchi Chaat, Tandoori Octopus, Carrot Halwa Mille Feuille, Shorba Jhinga, Quinoa Aloobukhara Ki Tikki, and Sansara-Nasila Dunger Lal Maas, alongside Zaffrani Barramundi and Masala Chai Tiramisu. Menus are available as four- and six-course set experiences, with optional beverage pairings, starting from $68++ per guest. Following this collaboration, SanSara will unveil upcoming chef partnerships in June and July, further reinforcing its commitment to elevated dining experiences that celebrate culinary finesse and creativity. For more information, please contact: Claire Chan, Assistant Director of Marketing CommunicationsClaire.Chan@millenniumhotels.com Kok Nee Tsu, Assistant Manager of Marketing Communicationsneetsu.kok@millenniumhotels.com

2026-03-25