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- Surging AI Short Drama Revenue Propels Duiba Group to the Top among HK-listed PeersHONG KONG, Sept 3, 2026 - Introduction According to Duiba Group’s interim results for the six months ended June 30, 2026, its AI short drama business has generated revenue of RMB 223 million since its launch in January, accounting for 51.2% of the company’s total revenue. Fueled by this powerful new growth engine, the company recorded total revenue of RMB 435 million, up 24.3% year on year. Its gross profit rose 30% year on year to RMB 74.54 million, with the gross profit margin improving to 17.1%, while the loss narrowed 5.2% year on year to RMB 25.33 million. Overall, the company demonstrated strong momentum in both revenue growth and profitability improvement. RMB 40 Billion Size and 600 Million Users: the AI Short Drama Market is Entering the Era of “Industrial Revolution” In recent years, the AI short drama business has emerged as one of the few segments in the content industry witnessing high incremental growth. According to the latest research report from Zhongtai Securities, a leading Chinese securities firm, the overall AI short drama market size is expected to exceed RMB 40 billion in 2026, representing growth of more than 138% year on year, with the core and general user base expanding to exceed 600 million in the first six months. Content supply is also increasing at a remarkable pace. In the first half of the year, 222,000 AI short dramas were released on Douyin, the Chinese version of TikTok, generating more than 515.7 billion incremental views. Yet the sheer volume of content also means intensifying competition. In the first six months of the year, only 0.48% of newly released AI short dramas on Douyin became viral hits that garnered over 100 million views. This suggests that content creation is no longer the sole decisive competitive advantage; success increasingly depends on a company’s ability to combine “AI industrialization, traffic algorithms and commercialization”. This is precisely the core advantage that has enabled Duiba Group to rise to the top among Hong Kong-listed peers in such a short time since tapping into the AI short drama market. Real Value in Performance Data: High Growth and Strong Sustainability For investors, operating data remains the ultimate indicator of whether a company can sustain growth throughout an industry cycle. According to Duiba Group’s interim results, the company released 74 hit dramas that each generated over 10 million views, including 13 with over 100 million views. Six new hit dramas with over 100 million views were launched in a single month, and the highest views for a single drama exceeded 1.04 billion. Moreover, business revenue in June more than doubled month on month. These figures suggest that Duiba Group’s growth is not dependent on a handful of breakout titles or temporary traffic spikes but stems from its simultaneous enhancement of content generation and supply efficiency, as well as commercialization efficiency. Its performance demonstrates the strong growth potential and sustainability of the AI short drama business model. For Duiba Group, the AI short drama business is no longer an exploration of a single business for incremental growth. It is reshaping the company’s overall business structure and also serving as a critical factor in how investors assess the company’s future value. Core Competitive Moats: Dominant Advantage with Advertising Traffic Expertise and Transformation Powered by Full-chain AI Industrialization More than 360,000 short and mini dramas went online in the first half of 2026, representing an elevenfold increase over the full year of 2025. Against this backdrop of explosive content supply, the channel distribution capability has become a critical factor shaping the landscape of industry competition. Duiba Group’s rapid rise has been underpinned by its decade-long expertise in traffic operations and its strength in advertising systems. First, its deep-rooted expertise in advertising traffic operations provides an overwhelming advantage in channel distribution. With years of experience in the Internet and digital advertising industry, Duiba Group has built mature infrastructure and core capabilities spanning traffic operations, advertising systems and data algorithms. Upon entering the AI short drama market, the company has rapidly leveraged these capabilities across distribution and commercialization. By analyzing user preferences with data and enhancing distribution efficiency through algorithms, it can feed market insights back into content production, creating an evolving cycle of content generation, distribution and monetization, as well as iteration and optimization. Second, full-chain AI industrialization reshapes content production efficiency. Rather than merely applying AI to a single stage of production, Duiba Group has integrated the power across the entire workflow, covering theme selection, planning, scriptwriting, character development, scene generation, video production and final quality control of finished productions. This turns the traditional creative process, which relies heavily on human creative experience, into a standardized, intelligent and scalable production system. It has therefore established a brand new production paradigm for the content industry—one that can produce hit dramas repeatedly with extreme efficiency. In the first six months of the year, Duiba Group released 74 hit dramas with over 10 million views, 13 of which surpassed 100 million views. This serves as solid evidence of the company’s ability to produce hit dramas repeatedly—hit dramas are less a matter of chance than the stable output of a robust industrialization system. In addition, combining its channel distribution strength, Duiba Group has fully leveraged traffic distribution to maximize total commercial returns. Advertising expertise enhances traffic and commercialization efficiency, while AI industrialization boosts content supply efficiency. Leveraging its unique mastery of traffic operations and, more importantly, industrialization, Duiba Group has outclassed traditional content companies in both efficiency and precision of content production. Furthermore, by deeply embedding AI throughout the entire value chain, Duiba Group has been driving a fundamental shift in the AI short drama sector since its entry. Going forward, the competition will no longer center on who can produce the next breakout hit the fastest, but on the capacity to consistently deliver high-quality content that can be monetized at large scale, at lower marginal costs and faster iteration speed. That is to say, the AI short drama sector is transitioning from “chance-based creation” to a “predictable system.” Conclusion Duiba Group is continuously strengthening its full-chain AI industrialization system and leveraging economies of scale. As AI continues to reshape the content industry, the company is pioneering a new development paradigm that could bring ultimate efficiency, end-to-end commercialization and sustainable growth. As a top AI short drama player among Hong Kong-listed companies, Duiba Group is well positioned to further expand its business scale, strengthen its core competitive moats and capture the benefits of large-scale operations—and to achieve overall profitability milestones in the near future.
- Surging AI Short Drama Revenue Propels Duiba Group to the Top among HK-listed PeersHONG KONG, Sept 3, 2026 - Introduction According to Duiba Group’s interim results for the six months ended June 30, 2026, its AI short drama business has generated revenue of RMB 223 million since its launch in January, accounting for 51.2% of the company’s total revenue. Fueled by this powerful new growth engine, the company recorded total revenue of RMB 435 million, up 24.3% year on year. Its gross profit rose 30% year on year to RMB 74.54 million, with the gross profit margin improving to 17.1%, while the loss narrowed 5.2% year on year to RMB 25.33 million. Overall, the company demonstrated strong momentum in both revenue growth and profitability improvement. RMB 40 Billion Size and 600 Million Users: the AI Short Drama Market is Entering the Era of “Industrial Revolution” In recent years, the AI short drama business has emerged as one of the few segments in the content industry witnessing high incremental growth. According to the latest research report from Zhongtai Securities, a leading Chinese securities firm, the overall AI short drama market size is expected to exceed RMB 40 billion in 2026, representing growth of more than 138% year on year, with the core and general user base expanding to exceed 600 million in the first six months. Content supply is also increasing at a remarkable pace. In the first half of the year, 222,000 AI short dramas were released on Douyin, the Chinese version of TikTok, generating more than 515.7 billion incremental views. Yet the sheer volume of content also means intensifying competition. In the first six months of the year, only 0.48% of newly released AI short dramas on Douyin became viral hits that garnered over 100 million views. This suggests that content creation is no longer the sole decisive competitive advantage; success increasingly depends on a company’s ability to combine “AI industrialization, traffic algorithms and commercialization”. This is precisely the core advantage that has enabled Duiba Group to rise to the top among Hong Kong-listed peers in such a short time since tapping into the AI short drama market. Real Value in Performance Data: High Growth and Strong Sustainability For investors, operating data remains the ultimate indicator of whether a company can sustain growth throughout an industry cycle. According to Duiba Group’s interim results, the company released 74 hit dramas that each generated over 10 million views, including 13 with over 100 million views. Six new hit dramas with over 100 million views were launched in a single month, and the highest views for a single drama exceeded 1.04 billion. Moreover, business revenue in June more than doubled month on month. These figures suggest that Duiba Group’s growth is not dependent on a handful of breakout titles or temporary traffic spikes but stems from its simultaneous enhancement of content generation and supply efficiency, as well as commercialization efficiency. Its performance demonstrates the strong growth potential and sustainability of the AI short drama business model. For Duiba Group, the AI short drama business is no longer an exploration of a single business for incremental growth. It is reshaping the company’s overall business structure and also serving as a critical factor in how investors assess the company’s future value. Core Competitive Moats: Dominant Advantage with Advertising Traffic Expertise and Transformation Powered by Full-chain AI Industrialization More than 360,000 short and mini dramas went online in the first half of 2026, representing an elevenfold increase over the full year of 2025. Against this backdrop of explosive content supply, the channel distribution capability has become a critical factor shaping the landscape of industry competition. Duiba Group’s rapid rise has been underpinned by its decade-long expertise in traffic operations and its strength in advertising systems. First, its deep-rooted expertise in advertising traffic operations provides an overwhelming advantage in channel distribution. With years of experience in the Internet and digital advertising industry, Duiba Group has built mature infrastructure and core capabilities spanning traffic operations, advertising systems and data algorithms. Upon entering the AI short drama market, the company has rapidly leveraged these capabilities across distribution and commercialization. By analyzing user preferences with data and enhancing distribution efficiency through algorithms, it can feed market insights back into content production, creating an evolving cycle of content generation, distribution and monetization, as well as iteration and optimization. Second, full-chain AI industrialization reshapes content production efficiency. Rather than merely applying AI to a single stage of production, Duiba Group has integrated the power across the entire workflow, covering theme selection, planning, scriptwriting, character development, scene generation, video production and final quality control of finished productions. This turns the traditional creative process, which relies heavily on human creative experience, into a standardized, intelligent and scalable production system. It has therefore established a brand new production paradigm for the content industry—one that can produce hit dramas repeatedly with extreme efficiency. In the first six months of the year, Duiba Group released 74 hit dramas with over 10 million views, 13 of which surpassed 100 million views. This serves as solid evidence of the company’s ability to produce hit dramas repeatedly—hit dramas are less a matter of chance than the stable output of a robust industrialization system. In addition, combining its channel distribution strength, Duiba Group has fully leveraged traffic distribution to maximize total commercial returns. Advertising expertise enhances traffic and commercialization efficiency, while AI industrialization boosts content supply efficiency. Leveraging its unique mastery of traffic operations and, more importantly, industrialization, Duiba Group has outclassed traditional content companies in both efficiency and precision of content production. Furthermore, by deeply embedding AI throughout the entire value chain, Duiba Group has been driving a fundamental shift in the AI short drama sector since its entry. Going forward, the competition will no longer center on who can produce the next breakout hit the fastest, but on the capacity to consistently deliver high-quality content that can be monetized at large scale, at lower marginal costs and faster iteration speed. That is to say, the AI short drama sector is transitioning from “chance-based creation” to a “predictable system.” Conclusion Duiba Group is continuously strengthening its full-chain AI industrialization system and leveraging economies of scale. As AI continues to reshape the content industry, the company is pioneering a new development paradigm that could bring ultimate efficiency, end-to-end commercialization and sustainable growth. As a top AI short drama player among Hong Kong-listed companies, Duiba Group is well positioned to further expand its business scale, strengthen its core competitive moats and capture the benefits of large-scale operations—and to achieve overall profitability milestones in the near future.
- MAISON & OBJET PARIS 2026: Gurunavi presentará demostraciones en vivo de "Magewappa"-MAISON & OBJET PARIS 2026: Gurunavi presentará demostraciones en vivo de "Magewappa" de más de 1.000 años de antigüedad, con 40 productos de madera japoneses que impulsan la descarbonización y los criterios ESG, en París Yoshimasa Shibata, uno de los únicos 16 artesanos tradicionales...
- Engine Technology Forum Praises House Energy and Commerce Committee for Passing Reauthorization of the Diesel Emissions Reduction ActBipartisan legislation passes in unanimous vote
- Asia's premier fashion event CENTRESTAGE officially kicks offHONG KONG, Sept 2, 2026 - Organised by the Hong Kong Trade Development Council (HKTDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Hong Kong Special Administrative Region (HKSAR) Government, CENTRESTAGE, Asia’s annual premier fashion event and a flagship programme of the third edition of Hong Kong Fashion Fest, officially opened today at the Hong Kong Convention and Exhibition Centre (HKCEC). Running for four consecutive days until 5 September, the exhibition is open free of charge to both industry buyers and the public, and invites all to immerse themselves in the unique allure of Asia's fashion capital. Stepping into its 11th edition, this year's CENTRESTAGE has attracted a record-breaking convergence of some 270 international brands from 24 countries and regions. This vibrant tapestry of style encompasses renowned labels, emerging designers, and industry elites, showcasing the pinnacle of fashion trends and creative ingenuity. Furthermore, the four-day extravaganza features a rich programme of over 40 captivating events, including an unprecedented lineup of more than 30 runway shows, further cementing the fair’s international influence and sartorial magnetism. The 11th CENTRESTAGE officially opened today at the Hong Kong Convention and Exhibition Centre, gathering a record-breaking some 270 international brands. Smilely Lam, Associate Executive Director of the HKTDC, said: “CENTRESTAGE gathers a constellation of global fashion brands and design luminaries. Through this platform, we aim to leverage Hong Kong’s unique advantages as an international business hub and a superconnector. We enable Hong Kong brands to connect with overseas buyers, while simultaneously attracting international labels to use Hong Kong as a springboard into Asia, fostering two-way collaboration and creating more business opportunities. At the same time, it allows the public to experience the latest fashion and creative trends up close, further consolidating Hong Kong's position as Asia's fashion and creative hub.” This year, CENTRESTAGE debuts the Hype² zone, bringing together fashion brands led by local celebrities and KOLs to showcase the diverse charm of Hong Kong's streetwear culture. Hype² pavilion debuts with limited new releases Streetwear has experienced meteoric growth in recent years, propelled by Gen Z consumers who place a premium on "self-expression" and "emotional resonance". Responding to this cultural shift, CENTRESTAGE debuts Hype² pavilion, a dedicated zone spotlighting fashion labels spearheaded by local celebrities and KOL. The star-studded exhibitor lineup includes Rosita Kwok’s Claro, Vincent Wong’s OGIS, Kelvin Kwan’s PICK AND MATCH, ROSEMA.ESE X Jaime Cheung (a collaboration between Jaime Cheung and Ariel Leung), and Pakho Chau’s XPX. During the fair, some 30 limited-edition and debut products were launched. Additionally, the "Hype² Runway Show" will take centre stage on 4 September, bringing together over 10 streetwear brands with special celebrity guest appearances. KIT WAN STUDIOS headlines grand opening fashion show Tonight (2 September), the grand opening fashion show, CENTRESTAGE ELITES, will put the spotlight on KIT WAN STUDIOS, a multidisciplinary design and visual arts studio led by Kit Wan, a Hong Kong-born creative director and visual artist. The studio’s collaborative roster of local artist is formidable, encompassing Miriam Yeung, Hins Cheung, MC Cheung, and Panther Chan. Designing “stage armour” for artists in Los Angeles at the Grammy Awards and Eurovision in the United Kingdom allow Hong Kong design to shine on a global stages. Over 30 brand-new looks will make their debut on the CENTRESTAGE ELITES runway, with select pieces displayed at the fairground. To share the three acts of this collection “MUTANT // MYTHOLOGY” to a wider audience, the show will be livestreamed across multiple platforms. Furthermore, on 4 September, he will engage in a sharing session with Dan Hastings, Editor of The Business of Fashion, to explore his inspirations and insights on operating a fashion brand both from an art studio. Korea joins as "Featured Partner" with largest-ever pavilion CENTRESTAGE’s global footprint continues to expand, welcoming exhibitors from 24 countries and regions, with Austria, Colombia, the Faroe Islands, Malaysia, Slovakia and the UAE making their inaugural appearances. Notably, Korea is serving as CENTRESTAGE's Featured Partner for the first time. Jointly organised by the Korea Trade-Investment Promotion Agency (KOTRA), HISEOUL SHOWROOM, and the Consulate General of the Republic of Korea in Hong Kong, the pavilion brings 12 renowned Seoul designer brands, including DOUCAN, ELNORE, and RE RH'EE, alongside the Gyeonggi Fashion Creative Studio, which presents 10 prominent local brands such as ARTS DE BASE, PHENOMENONSEEPER, and VEGANTIGER, showcasing the trendiest Korean styles. The pavilion will host a thematic fashion show, "SEOUListic: The Future is Sustainable," on 4 September, featuring former IZ*ONE member Lee Chae-yeon as a guest performer, blending fashion with entertainment. In addition to Korea, the exhibition features 11 overseas pavilions. The Austrian pavilion, participating for the first time and coordinated by Austrian Trade Commission, brings 7 brands with unique European flair, including Woody, My Magpie and more. The Austrian delegation staged a mini parade today, receiving an enthusiastic response from the audience while showcasing the distinctive European flair and sustainability ethos of Austrian design. The Canadian pavilion, led by the Consulate General of Canada in Hong Kong and Macao, gathers several high-end, female-founded and female-led brands, including Iris Setlakwe, known for elegant tailoring, and Devlyn Van Loon, focusing on minimalist and sustainable design, showcasing modern North American women's fashion. The Thai pavilion, organised by the Department of International Trade Promotion (DITP), returns with 14 brands, including KANZ BY THAITOR. Other pavilions include Quanzhou from the Chinese Mainland, Macao, Australia, and Slovakia. New Perfume Zone with fragrance experience with over 20 brands launching in Hong Kong for the first time This year's exhibition features seven thematic zones covering various fashion sectors and design styles. The newly added “Perfume” zone gathers renowned fragrance brands from around the world. Over 20 brands from Malaysia, Thailand, and Vietnam are making their Hong Kong retail debut, alongside established names like local brand OCO, inviting buyers and fashion enthusiasts on an olfactory journey. The fair also featured a Scent Station, where visitors can sample and test their favourite fragrances. This year's exhibition features seven themed zones, with the Urban Zone highlighting casual city fashion. Brands include 8FIVE2, founded by Julius Brian Siswojo, a member of Hong Kong's hip hop group "24Herbs." He was present on the opening day, engaging closely with the public and adding star power to the zone. Building on last year's success, the "Accessories" zone has been expanded, featuring brands such as local label Bethel. The "Craftsmanship" zone celebrates artisanal excellence with Malaysia’s Maswira Majid and local brand Wanzzz. The "Contemporary" zone showcases avant-garde aesthetics, featuring Colombia’s STUDIO INGRID BURGOS and Chinese Mainland’s premium label Langdeng. The "Urban" zone captures the essence of casual city life, including local label 8FIVE2 by local Hip Hop group ‘’24herbs’’ member Julius Brian Siswojo. The zone also features another local label Petrolhead by artist Louis Cheung and Yorki Fan. Julius Brian Siswojo and Louis Cheung made appearances at the fair on opening day, drawing enthusiastic crowds and creating a lively atmosphere. The “Athleisure” zone merges sportswear with workwear, highlighted by local brand Plan216. Finally, the "Circular Fashion" zone champions sustainability, featuring local brand JESSE LEE, who will present three-dimensional garments crafted from upcycled fabrics and 3D printing technology. Select exhibitors will also offer retail sales, allowing the public to purchase their favourite designer pieces on the spot. Record-breaking runway shows Over 40 exciting events will take place during the exhibition, including a historic high of over 30 fashion shows covering various styles. A key highlight, the Fashion Hong Kong Runway Show organised by the HKTDC, will be held tomorrow (3 September). Inspired by "Hong Kong Dopamine", it will present the creative collections of four local brands: 112 mountainyam, ANGUS TSUI, ARTY:ACTIVE, and Z I D I, showcasing the city's fashion vitality. The first runway show of the event, FASHIONALLY Collection #26, showcased the latest works from local brands MARCCH, MURFI LAU, and OUS. FASHIONALLY, dedicated to promoting young Hong Kong designers, will also host several presentations. FASHIONALLY Collection #26 will showcase the latest works of MARCCH, MURFI LAU, and OUS; while phenotypsetter, Oplus2, and Szmannie will launch their new collections via FASHIONALLY Presentation. Other fashion shows boast equally impressive lineups, gathering numerous renowned and emerging local and overseas brands. Local representatives include KEVYIU, VICTOR CHAN STUDIO x atelierYVF, Cixi Jewelry, Classics Anew, Doris Kath, and Cecilia Yau Couture. The overseas lineup features works by Slovakian designers Bráz Noémi and Mišena Juhász, presenting diverse creative styles to the industry and audience. CENTRESTAGE is not only a brand showcase but also a crucial platform for industry exchange and discussing future developments. The "Meet the Designer" session has invited renowned Korean designer Rok Hwang to share his valuable experience in founding his brand ROKH and stepping onto the international stage. Additionally, organisations such as AiDLab and the Australian Fashion Council will host seminars exploring hot topics like sustainable fashion and fashion technology, further promoting industry cooperation and solidifying Hong Kong's status as an Asian fashion hub. The exhibition also features various thematic shows and industry competitions to promote the preservation and innovation of fashion culture. These include the GBA Fashion Fushion organised by the Fashion Farm Foundation, the "Young Knitwear Designers' RUNWAY 2026" by the Knitwear Innovation and Design Society (KIDS), and the SPARKLE by KAREN CHAN brand show. Meanwhile, the Grand Final of the Redress Design Award 2026, the world's largest sustainable fashion design competition, and the "Create Outside the Box" Fashion Design Competition 2026 will take place consecutively. The grand finale, the Hong Kong Young Fashion Designers' Contest (YDC) 2026, will be held on 5 September. A professional judging panel will select the winners of four major awards—Champion, Excellence Award, Best Art Direction, and My Favourite Collection—from 10 shortlisted designers, unearthing the next generation of fashion luminaries. The public is invited to vote online for the "My Favourite Collection" award, with a chance to win one of five HK$2,000 Lee Gardens e-gift certificates sponsored by Hysan Development. (Voting link: https://www.fashionally.com/en/s/ydc2026-vote) Multiple Interactive Zones with Immersive Trend Experience The exhibition features a variety of interactive zones, offering visitors an immersive fashion journey. Highlights include the Fashion Sound Lab, where participants can record the voice on-site at the Lab installation and download their self-generated songs via QR code for replay. They can also create a souvenir in the form of a vinyl-inspired record design. The SNAPIO Stand captures chic fashion moments, allowing guests to preserve their exclusive style memories. In addition, the French Cultural Salon at FIGARO Café provides a space for fashion enthusiasts to engage in in-depth exchanges, experience the fusion of culture and trends, and appreciate live gigs. The HKTDC continues to invite buyers from around the world to source at CENTRESTAGE, including major retailers such as Chinese Mainland's B1OCK, Dongliang, Italy's 10 Corso Como, Korea's Muninsa, United Kingdom's Dover Street Market London and Selfridges. CENTRESTAGE is held concurrently with the HKTDC Hong Kong Watch & Clock Fair and Salon de TE (1–5 September). Attendees can enjoy a one-stop shopping experience for global fashion apparel and luxury timepieces, and participate in the CENTRESTAGE X Watch & Clock Lucky Draw. Photo download: https://bit.ly/3T87B48 The 11th CENTRESTAGE officially opened today at the Hong Kong Convention and Exhibition Centre, gathering a record-breaking some 270 international brands. This year, CENTRESTAGE debuts the Hype² zone, bringing together fashion brands led by local celebrities and KOLs to showcase the diverse charm of Hong Kong's streetwear culture. This year’s exhibition features seven themed zones, with the Urban Zone highlighting casual city fashion. Brands include 8FIVE2, founded by Julius Brian Siswojo, a member of Hong Kong’s hip hop group “24Herbs.” He was present on the opening day, engaging closely with the public and adding star power to the zone. The first runway show of the event, FASHIONALLY Collection #26, showcased the latest works from local brands MARCCH, MURFI LAU, and OUS. Ronja SCHERZINGER, CEO of FashionTouri International Enterprise, attended a sharing session to introduce how sustainable fashion can accelerate brand value. Korea became the exhibition's "Featured Partner" for the first time, creating its largest-ever pavilion with 22 participating brands. Organised by the Austrian Trade Commission, the Austrian pavilion presented a mini parade featuring seven fashion brands, showcasing the distinctive European flair and sustainability ethos of Austrian design. Some brands at the fair also offered retail sales, allowing visitors to purchase fashion apparel and accessories from around the world. Pictured is Cixi Jewelry from the Accessories zone. The fair also featured a number of interactive settings, including the FIGARO Café, a contemporary French-inspired cultural salon where fashion enthusiasts could connect, exchange ideas and experience the convergence of culture and fashion through an immersive journey. CENTRESTAGE: https://www.hktdc.com/event/centrestage/en CENTRESTAGE buyer online registration: https://bit.ly/4xydTct CENTRESTAGE Instagram: https://www.instagram.com/centrestage_hktdc/?hl=tc Fashion Hong Kong: https://www.fashionhongkong.com/ Hong Kong Young Fashion Designers' Contest (YDC): https://www.fashionally.com/en/ Media enquiries PURPLE: Fiona Wong Tel: (852) 9221 1056 Email: [email protected] Yannis Sin Tel: (852) 6226 3398 Email: [email protected] HKTDC’s Communications & Public Affairs Department: Katy Wong Tel: (852) 2584 4524 Email: [email protected] Jane Cheung Tel: (852) 2584 4137 Email: [email protected] HKTDC Newsroom: https://mediaroom.hktdc.com/en About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. About Cultural and Creative Industries Development Agency (CCIDA) The Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA’s strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia’s creative capital and our positioning as the East-meets-West centre for international cultural exchange. About Hong Kong Fashion Fest Announced by the Hong Kong Special Administrative Region Chief Executive in the 2023 Policy Address, "Hong Kong Fashion Fest" will be organised to develop Hong Kong into a fashion design hub in Asia. Through consolidating various fashion design events and introducing innovative elements and affiliate activities annually, the Hong Kong Fashion Fest promotes Hong Kong’s fashion and textile design brands and boosts Hong Kong’s position as a prime destination for hosting mega cultural and creative events. Under the theme "Rhythm of the Heart", the third edition of Hong Kong Fashion Fest will be held from 1 to 14 September 2026 at various landmarks in Hong Kong. The event will bring together eight flagship programmes organised by six industry organisations and, for the first time, will be combined with CENTRESTAGE - the annual fashion extravaganza organised by the Hong Kong Trade Development Council - to generate stronger synergies. The event will attract fashion design industry players from all over the world to come to Hong Kong; foster collaboration, innovation and business opportunities; establish platform for local and international fashion designers and brands and connect with different sectors in the fashion design industry of Hong Kong, the Chinese Mainland and overseas, thereby consolidating Hong Kong’s position as the East-meets-West centre for international cultural exchange.
- China-aided Laos' first integrated photovoltaic-storage-charging 'zero-carbon library' opensCompanies: State Grid Corporation of ChinaHANGZHOU, CHINA, Sept 2, 2026 - Laos’ first zero-carbon library, built with support from Zhejiang Electric Power Corporation, officially opened at Luang Prabang Peace Secondary School on August 29. The library integrates solar power, energy storage and charging facilities, bringing a green energy solution to the school. This "green gift" from Zhejiang also carries special significance, coming in the 65th anniversary year of China-Laos diplomatic relations and the jointly declared "China-Laos Friendship Year." In June, Thongloun Sisoulith, General Secretary of the Lao People's Revolutionary Party and President of Laos, visited China, with his first stop in Zhejiang, where both sides reached a series of agreements on deepening a China-Laos community with a shared future. Two months later, those agreements took root along the Mekong River in the form of a library. Inside, the outdoor heat gives way to cool air, with computers, televisions, bookshelves and Chinese-Lao bilingual books neatly arranged. Students can browse books, search the digital library, and study independently in a quiet, comfortable environment. "Since the China-Laos Railway opened, we have been exposed to many new things—concepts like artificial intelligence and the digital economy that we rarely heard of before. We are still students with few opportunities to go out, so reading has become our only way to broaden our horizons and gain knowledge," said Zalen, a second-year student at Luang Prabang Peace High School. However, local extracurricular reading resources are scarce; to find books beyond their textbooks, students often had to travel by train more than 200 kilometers to Vientiane, the capital—a two-and-a-half-hour journey one way. "Now the library is right outside the classroom. There are many books I want to read here, and there's air conditioning too. It feels especially convenient and comfortable," Zalen said. Principal Bounkham Vansy believes that this library is not just a reading room, but also a new channel connecting to the outside world. "This is another passage to the outside world after the China-Laos Railway, a path for students to gain new knowledge and ideas. The school will make good use of this library and manage it well, so that it can truly be integrated into daily teaching, provide students with more opportunities to learn and grow, and realize its greatest value," he said. Laos relies heavily on hydropower, and seasonal changes in water flow put pressure on the power supply during the dry season. Luang Prabang, in northern Laos, also has limited grid infrastructure in some areas, adding to the school's electricity challenges. Since upgrading the main power grid was difficult to achieve in the short term, a microgrid solution was adopted. The "Green Energy TO" public welfare team of State Grid Zhejiang Electric Power Co., Ltd. decided to use China's mature integrated photovoltaic-storage-charging microgrid technology. The library was manufactured in factories in Zhejiang in the form of prefabricated cabins and completed in Laos in just four days. During the day, rooftop photovoltaic panels generate electricity, storing surplus power in an energy storage system that releases it at night to provide the library a stable energy supply. On the same day, an "Air Classroom" was also launched together with the library. When the big screen lit up, Luang Prabang Peace Secondary School on one side and Gaoqiao Junior High School in Xiaoshan District, Hangzhou, Zhejiang, on the other, "met" across a distance of 5,000 li. Chinese teachers introduced Lao students to Chinese culture and science through the screen. Zero-carbon engineer Lai Hanbin gave the children a lesson on new-type power systems, and volunteers from State Grid Zhejiang Electric Power Co., Ltd. helped the children assemble a robot dog, drawing cheers as it walked across the lawn. Lao students in turn, shared their own culture, introducing the Lao New Year — the Water Splashing Festival. The most popular attraction was the UN Sustainable Development Goals science base beside the library. Students pedaled vigorously on power-generating bicycles, cheering. Looking at the photovoltaic panels and photovoltaic benches, the students said, "So this is green, low-carbon, and sustainable development!" "We have innovated a public welfare service model of 'new energy + new education', using green energy to support remote education and interactive learning to spread the concept of green and low-carbon development," said Zhang Jun, head of the "Green Energy TO" public welfare team of State Grid Zhejiang Electric Power Co., Ltd. "In the future, the library will join hands with the Zhejiang Provincial Science Popularization Association, the Abin Volunteer Service Center of State Grid Hangzhou Power Supply Company, and Xiaoshan District Library of Hangzhou to provide children on both sides with 21 class hours of air classes across five dimensions, including natural science and traditional culture." From reading to classes, from online exchanges to hands-on experience, the library, the classroom and the science base are now connected—turning green energy into an everyday campus experience that students can read, discuss and practice. "This is a green practice that crosses mountains and seas," said Khamla Lianbadi, deputy secretary of the Luang Prabang Provincial Party Committee. "It has not only brought advanced power grid technology to Laos, but also sowed the development philosophy of 'lucid waters and lush mountains are invaluable assets' and the beautiful ideal of jointly building a clean and beautiful world on this land." At the unveiling ceremony, representatives from both China and Laos also jointly planted a Champa tree, the national tree of Laos. A sapling has taken root, and a library has lit up dreams. From Zhejiang to Luang Prabang, this scent of books crossing mountains and seas is witnessing the China-Laos community with a shared future being continuously deepened and consolidated. (Luo Zhen, Zhu Xiaowei) Company: Zhejiang Electric Power Corporation Contact Person: Zhen Luo Email: [email protected] Website: www.zj.sgcc.com.cn City: Hangzhou
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- 45th Watch & Clock Fair and 14th Salon de TIME open todayHONG KONG, Sep 1, 2026 - The 45th Hong Kong Watch & Clock Fair and the 14th Salon de TIME, jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Limited and The Federation of Hong Kong Watch Trades & Industries Limited, open today under the theme “Sparkling Moments Through Time”. The twin fairs have attracted more than 630 exhibitors from 16 countries and regions, creating the world's largest one-stop watch and clock marketplace. The 45th HKTDC Hong Kong Watch & Clock Fair and the 14th Salon de TIME opened today. Guests at the opening ceremony included Algernon Yau (centre), Secretary for Commerce and Economic Development of the Hong Kong SAR Government; Sophia Chong (fourth from the right), HKTDC Executive Director; SK Chong (first from the right) and Frankie Lam (first from the left), Co-Chairmen of HKTDC Hong Kong Watch & Clock Fair 2026 Organising Committee; and various industry representatives The physical fairs are taking place at the Hong Kong Convention and Exhibition Centre (HKCEC) for five consecutive days from 1 to 5 September. Meanwhile, the Click2Match AI-powered business matching platform will remain open until 12 September, allowing exhibitors and buyers worldwide to continue their business discussions online. The Hong Kong Watch & Clock Fair showcases a wide variety of exquisitely crafted timepieces, accessories and components, offering a one-stop sourcing and trading platform for global buyers Salon de TIME will once again open to both industry professionals and the public for free. Selected brands will offer on-site retail sales, allowing visitors to purchase their favourite timepieces during the fair. A “Time Tunnel” has been specially created to celebrate the 45th edition of the Hong Kong Watch & Clock Fair, allowing visitors to revisit three key stages in the fair’s development since its inception in 1982 The fairs officially opened today with an opening ceremony officiated by Algernon Yau, Secretary for Commerce and Economic Development of the Hong Kong SAR Government. Joining him were Sophia Chong, Executive Director of the HKTDC, and SK Chong and Frankie Lam, Co-Chairmen of the HKTDC Hong Kong Watch & Clock Fair Organising Committee 2026. Speaking at the ceremony, SK Chong said: “This year marks the 45th edition of the Hong Kong Watch & Clock Fair, a remarkable milestone for both the fair and Hong Kong’s watch and clock industry. The fair boasts a truly international line-up featuring strong global participation, including group pavilions from Francéclat, the Swiss Independent Watchmakers Pavilion, Guangzhou and Taiwan, as well as a first-time pavilion from Hengyang, Hunan province. In addition, we are pleased to welcome new exhibitors from Norway, Singapore and the US, further reinforcing Hong Kong’s position as a premier international trading hub for the global watch industry.” HKTDC Executive Director Sophia Chong said: “Amid the ongoing reconfiguration of global supply chains and changing market demand, the Hong Kong Watch & Clock Fair and Salon de TIME continue to provide the industry with an efficient business platform. By leveraging Hong Kong’s unique strengths as a superconnector and super value-adder, we help enterprises explore new markets and seize emerging opportunities. The fairs also support the watch and clock industry in moving up the value chain and strengthening brand development, further reinforcing Hong Kong’s leading position as an international hub for watch and clock trade.” “Time Tunnel” celebrates 45th edition-Salon de TIME reaches a new high The Hong Kong Watch & Clock Fair features multiple thematic zones covering every segment of the watchmaking value chain. Among them, Pageant of Eternity showcases premium finished watches from original equipment manufacturers (OEMs) and original design manufacturers (ODMs). One exhibitor, Time Grand Ltd, a Hong Kong company with more than 20 years of industry experience, provides product development, engineering design and manufacturing services for watch brands worldwide. The company also collaborates with Swiss watchmaking enterprises to offer one-stop watch production solutions, highlighting Hong Kong's strengths in connecting local expertise with international markets. Other exhibition zones cover a comprehensive range of products and services, including Complete Watches, Clocks, Machinery & Equipment, Packaging & Display, Parts, Components & Accessories, offering buyers a convenient one-stop sourcing platform. A “Time Tunnel” has been specially created to celebrate the 45th edition of the Hong Kong Watch & Clock Fair, allowing visitors to revisit three key stages in the fair’s development since its inception in 1982: - 1980s to 1990s: The fair became a premier global sourcing platform for the watch and clock industry. - 2000s to 2020s: As Hong Kong’s watch industry evolved from OEM manufacturing to brand development, the fair became a professional platform for promotion, networking and industry exchange. - From 2020 onwards: The fair has further integrated manufacturing, sourcing and brand promotion, while expanding through cross-sector collaboration into a multifaceted platform that brings together craftsmanship, design, technology, lifestyle, culture and consumer engagement. Salon de TIME has reached a new record this year, attracting more than 150 watch brands from around the world. The event features six thematic zones, including Microbrands, where both the number of participating countries and regions and the number of brands have more than doubled compared with last year. A longstanding highlight of the fair, the World Brand Piazza returns for its 16th consecutive year, in collaboration with Prince Jewellery & Watch, showcasing luxury creations from six internationally renowned watch brands: Baume & Mercier, Corum, DeWitt, Franck Muller, Montblanc and Sarcar. Other themed zones include Chic & Trendy, Craft Treasure, Renaissance Moment and Wearable Tech. This year's exhibitors are introducing distinctive new timepieces that reflect the latest market trends, leveraging the fair to gain exposure and capture new orders. Featured innovative watches include: Sports and outdoor trends drive demand for professional timepieces To capitalise on the growing popularity of sports and outdoor lifestyles, exhibitors are showcasing professional sports watches that blend practicality with style. - EDOX presents the “The Water Champion” Delfin 1973 Automatic, featuring a double O-ring crown and pusher system that enhances water resistance to 200 metres. (Booth: 3F-H20) - Making its debut at the fair, Norwegian brand Micromilspec showcases the MILGRAPH, a timepiece developed for special operations forces. Its offset crown design helps reduce the risk of wrist injuries, while the QuadGrip bezel ensures easy operation even when wearing full tactical gear. (Booth: 3F-F22) - A variety of brands are also introducing sports and outdoor performance watches, including ALBA and LORUS by Seiko (Booth: 3G-E18), CAUGHT (Booth: 3F-D05), Quantum (Booth: 3G-C03), SPINNAKER (Booth: 3G-D02) and Slazenger (Booth: 3G-C03). Sustainability trend drives growth in eco-friendly timepieces As environmental protection and corporate social responsibility (ESG) continue to gain importance, the fair once again highlights exhibitors offering sustainable watch products through its Green Solutions Suppliers label, making it easier for buyers to identify environmentally conscious suppliers. - Local microbrand Sunrex showcases the Sunrex 611, powered by the brand’s proprietary VILUMINUS™ solar movement. Equipped solely with a solar-powered battery, the watch harnesses light as its energy source and continues to operate even in the absence of light. (Booth: 3F-F17) - Microbrand Robotfigs presents the Cubot watch, crafted from upcycled materials such as metal wires, copper and acrylic. Transforming everyday surplus materials into imaginative robot-inspired creations, each watch comes with a dedicated robot display stand and three exclusive designer toy accessories: a baseball bat, skateboard and dumbbell, redefining the concept of a “time companion”. (Booth: 3F-H24) - Several exhibitors are also showcasing environmentally friendly watches and accessories, including Hip Shing Leather Watch Straps Mfy Ltd (Booth: 1B-C35) and Gordon C & Co Ltd. (Booth: 1E-C09). Cross-sector collaborations and limited editions appeal to niche consumer segments Many brands are enhancing the value and artistic appeal of their timepieces through cross-industry collaborations and limited-edition releases. - LINK2CARE has partnered with Swiss watch brand MARVIN to launch a luxury smartwatch featuring a fishing-inspired relief dial and a bi-directional mechanical gear system that showcases MARVIN’s exquisite watchmaking craftsmanship. The watch features LINK2CARE’s patented leather strap, which incorporates medical-grade vital signs sensors, enabling wearers to monitor their health. (Booth: 3G-A07) - Memorigin presents the “Verdant Resonance Tourbillon Watch”, featuring a luminous carbon-fibre case designed to evoke the glow of fireflies under the night sky. A three-dimensional guzheng-inspired small-seconds display at the 9 o’clock position, complemented by green luminous incense-burner motifs, recreates the elegant atmosphere of traditional Chinese scholars’ gatherings. (Booth: 3F-C05) - The Swiss Independent Watchmakers Pavilion showcases the “Corleone Mini Collection” by Pilo & Co Genève, created to celebrate the brand’s 25th anniversary. Reinterpreting the classic Corleone design as a ladies’ watch, each colour variant is limited to just 10 pieces, making it highly collectible. (Booth: 3F-H07). Microbrands win over younger consumers with creative designs In recent years, microbrands have emerged as a new force in the watch industry, attracting younger consumers with their distinctive designs and competitive pricing. - Making its debut at the fair, US brand BREDA is showcasing the “Pulse Locket” Gold and Metal Bracelet Watch. Featuring a unique locket-style design, the watch dial remains concealed when closed and is revealed only when the wearer chooses to open it. (Booth: 3F-D16) - Other participating microbrands include CIMIER (Booth: 3F-H26), Fayy (Booth: 3F-G19), Leger A. Fah (Booth: 3F-H20), No Identity (Booth: 3F-H25), AISION (Booth: 3F-H20), INANLOU (Booth: 3F-F15), as well as the strap-focused microbrand Monves (Booth: 3F-F16). Exciting activities open to the public Salon de TIME will present a wide range of signature activities and watch showcases open to the public. On 4 September, renowned watch artist and collector Labeg will host a workshop on crafting watch models from corrugated cardboard. A special “Time Arena” zone has also been introduced this year, blending sports and fine timepieces to offer visitors a fresh, interactive experience. One highlight, “Watch2Care Smart x Lifestyle Experience Days”, will take place from 4 to 5 September and feature a variety of hands-on activities, including yoga and mobility training sessions. Visitors can try their hand at pickleball, one of the fastest-growing sports in recent years. Other highlights include a series of watch parades and new product launch events. Memorigin will welcome several celebrity guests, including celebrity Vic Teo, Hong Kong basketball star Alfred Wong Lut Yiu, and renowned face-changing performer Hathor Wai. A lucky draw will be held daily throughout the fair, offering visitors the chance to win premium watches. Industry leaders share insights on market trends This year’s Hong Kong Watch & Clock Fair features more than 40 events, including forums, seminars and networking sessions designed to foster industry exchange and knowledge sharing. The Hong Kong International Watch Forum, held today, brought together leaders of watch associations from the Chinese Mainland, Germany, France, Switzerland, Japan and Korea to share the latest trade statistics and industry developments in their respective markets. Discussions also explored new opportunities arising from integrating traditional watchmaking craftsmanship with emerging technologies. The Asian Watch Conference, to be held tomorrow (2 September), will be themed “Hong Kong as the hub of International Watch Trades”. The conference will feature a senior analyst from international research firm Euromonitor International (Hong Kong), who will provide insights into the latest developments in the global watch market. Representatives from online watch resale platform Chrono24 will discuss how to connect with demand across global markets, while a representative from Lazada Hong Kong will share strategies for leveraging e-commerce platforms to accelerate market expansion. On 3 September, FIYTA will hold an aeronautics launch event for a watch specially designed in honour of Lai Ka-ying, Hong Kong’s first female payload specialist. The company’s Chief Designer, Sun Lei, will also share the inspiration and design concepts behind the timepiece. Also taking place that day is the Tick-Tock Showtime: The Media Spotlight Pitch, jointly organised by Watch CataVlog. The event will feature presentations by 10 microbrands, with a judging panel comprising media representatives from Indonesia, the Middle East and Hong Kong, each selecting their favourite brand. On 4 September, the seminar “Off the Beaten Path: Indie Watchmakers vs. Independent Brands – Trends & Trajectories” will explore the distinctions, evolution and future trends of independent watchmaking and independent brands. Speakers include Noel Wong, Founder of Watch The World, Watch Collector & Discerning Commentator; Benjamin Hui, Watch Collector & Founder of Independent Watcher; and Lu Jinzhi, Chairman of ZBIOLAND. Throughout the fair, watch brands including Watch2Care, SAGA, Peacock, Sea-Gull, Shanghai Watch, Franck Muller, Quantum and INANLOU will host a series of new product launch events, unveiling their latest timepieces to an international audience. The 43rd Hong Kong Watch & Clock Design Competition, jointly organised by the HKTDC, the Hong Kong Watch Manufacturers Association Ltd and the Federation of Hong Kong Watch Trades & Industries Ltd, aims to promote watch design exchange and nurture local talent. This year, the themes for the Open Group and Student Group are “Transcending Time” and “Contours of the Breeze” respectively. The competition will continue to feature The Made-to-Sell Award, recognising student entries with outstanding commercial potential. The award presentation ceremony will be held on 5 September at the fair’s event stage, with celebrity Joey Thye attending as a guest. In addition, CENTRESTAGE, another flagship event organised by the HKTDC, will be held at the Hong Kong Convention and Exhibition Centre from 2 to 5 September. Bringing together fashion brands and designer collections from around the world, the event will create strong synergies with the watch fairs and offer visitors a one-stop destination to source prestigious timepieces and stylish fashion apparel from across the globe. Photo download: https://bit.ly/3UOXqBY The 45th HKTDC Hong Kong Watch & Clock Fair and the 14th Salon de TIME opened today. Guests at the opening ceremony included Algernon Yau (centre), Secretary for Commerce and Economic Development of the Hong Kong SAR Government; Sophia Chong (fourth from the right), HKTDC Executive Director; SK Chong (first from the right) and Frankie Lam (first from the left), Co-Chairmen of HKTDC Hong Kong Watch & Clock Fair 2026 Organising Committee; and various industry representatives The Hong Kong Watch & Clock Fair showcases a wide variety of exquisitely crafted timepieces, accessories and components, offering a one-stop sourcing and trading platform for global buyers A “Time Tunnel” has been specially created to celebrate the 45th edition of the Hong Kong Watch & Clock Fair, allowing visitors to revisit three key stages in the fair’s development since its inception in 1982 Salon de TIME features over 150 international brands and comprises six major themed zones, all of which are open to the public Sponsored for the 16th consecutive year by Prince Jewellery & Watch, the World Brand Piazza showcases six world-class watch brands This year’s Salon de TIME features a strong lineup of Guochao-inspired brands and Chinese watchmakers, showcasing their craftsmanship and creativity. Among them is Zbioland, which presents the Barcelona ZBL1009 timepiece. The watch is powered by the brand’s first in-house developed Calibre 961 movement and draws inspiration from the works of renowned Spanish architect Antoni Gaudí, reflecting distinctive architectural aesthetics in its design This year's exhibition features an impressive collection of award-winning timepieces. Among them is CIGA Design's AVENTUR·Blue Planet, which features a three-dimensional rotating globe on the dial. The watch was honoured with the “Challenge Watch Prize” at the 2021 Grand Prix d'Horlogerie de Genève (GPHG), widely regarded as the "Oscars" of the watchmaking industry During the fair period, a series of watch launch events and watch parades are being held, featuring models showcasing exquisite timepieces and bringing these remarkable creations to life on the runway The winning and shortlisted entries of the 43rd Hong Kong Watch and Clock Design Competition are currently on display in the foyer of Hall 1, showcasing local creative talent Media enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department: Johnny Tsui Tel: (852) 2584 4395 Email: [email protected] Websites Hong Kong Watch & Clock Fair: https://www.hktdc.com/event/hkwatchfair/en Salon de TIME: https://www.hktdc.com/event/te/en HKTDC Media Room: mediaroom.hktdc.com About HKTDC The Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
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