SINGZYME WINS 2025 AMGEN X NSG GOLDEN TICKET FOR BREAKTHROUGH BIOCONJUGATION PLATFORM
SINGAPORE, Aug. 21, 2025 /PRNewswire/ -- Singzyme, a Singapore-based biotech startup pioneering next-generation bioconjugation solutions, has been named the winner of the 2025 Golden Ticket Programme in Singapore. The award is part of a joint programme by Amgen, a U.S.-based leader in biologic medicines and NSG BioLabs, Singapore's leading provider of biotechnology co-working laboratories and offices.
Now in its fourth year, the Golden Ticket Programme supports promising biotech startups by providing infrastructure, mentorship, and resources to advance scientific progress and talent development in accelerating the development of new therapies. As this year's awardee, Singzyme will receive a one-year residency at NSG BioLabs, along with access to certified BSL-2 lab facilities and networking opportunities through Amgen's community of scientific and business leaders.
Singzyme was selected from a competitive pool of six finalists following an interactive pitch session reviewed by Amgen's internal scientific committee. The startup stood out for its proprietary Peptide Asparaginyl Ligase (PAL) platform, a novel site-specific conjugation technology that addresses key challenges in the manufacturing of antibody-drug conjugates (ADCs) and other complex biologics. The platform holds strong potential for enabling safer, more precise, and efficient production of next-generation targeted therapies.
"Singzyme's novel platform reflects the strong scientific thinking and innovation emerging from Singapore's biotech sector," said Dr Alan Russell, Vice President for Research Biologics at Amgen. "It's encouraging to see creative approaches to longstanding challenges in bioconjugation, and we're pleased to be part of an initiative that helps spotlight and connect promising science with broader networks in the industry that aligns with Amgen's mission to deliver impactful therapies to serve patients."
Ms Daphne Teo, CEO and Founder of NSG BioLabs, added, "The Golden Ticket Programme provides a valuable stepping stone for biotech startups at critical stages of their journey. As Singapore's life sciences community continues to expand, it's exciting to support companies like Singzyme as they bring their ideas to life and move closer to the clinic in Singapore's growing vibrant biotech industry."
Mr Abbas Sahili, Chief Technology Officer, inventor and founding team member of Singzyme, said, "This award validates the transformative potential of Singzyme's peptide ligation technology to enable the next generation of precision medicines. The Golden Ticket is a significant recognition of our PAL platform's ability to address critical unmet needs in biologics development - not only in oncology, but across diverse modalities and disease areas."
Mr Wee Kiat Tan, CEO of Singzyme, said, "With this support, we are committed to advancing our platform toward clinical applications in oncology and beyond. Through this collaboration, we will continue to strengthen our capabilities and accelerate the delivery of impactful therapies to patients worldwide."
Singzyme joins a growing list of previous Golden Ticket recipients in Singapore, including Albatroz Therapeutics, VerImmune, and PairX Bio. These companies have leveraged the programme's access and visibility to further their research, raise funding, and expand partnerships. Albatroz secured US$3 million in seed funding to advance its drug development programmes, while VerImmune's recent closure of the first half of its Pre-Series A round reflects strong confidence in its platform and trajectory.
Unlocking Biotech Growth Through Cross-Sector Collaboration
Accelerating biotech startups takes more than breakthrough science, it requires the right mix of mentorship, infrastructure, and collaboration. This was the key message shared at a panel discussion held at the award ceremony, titled "Powering Biotech Breakthroughs: Scaling Science Through Cross-Sector Collaboration." Speakers from Amgen, ClavystBio, and the Singapore Economic Development Board (EDB) discussed how cross-sector collaboration is helping startups progress from scientific concepts to real-world applications. The discussion emphasized the importance of a dynamic ecosystem – one that offers shared infrastructure, strong talent pipelines, and access to mentorship – to support biotech ventures and enable researchers and entrepreneurs to grow and scale globally.
"We are growing Singapore's biotech leadership via three key drivers – access to capital, a strong talent pool, and strategic partnerships," said Mr Chen Pengfei, Vice President for Healthcare of EDB. "Beyond a strong scientific community, a vibrant entrepreneurship ecosystem is critical to bringing innovations to market. We hope to forge more collaborations with key stakeholders including academic and biotech companies, to unlock greater growth opportunities from Singapore."
For more information on Golden Ticket Programme, visit https://nsgbio.com/nsg-bio-tomorrow/
About Amgen
Amgen discovers, develops, manufactures and delivers innovative medicines to help millions of patients in their fight against some of the world's toughest diseases. More than 40 years ago, Amgen helped to establish the biotechnology industry and remains on the cutting-edge of innovation, using technology and human genetic data to push beyond what's known today. Amgen is advancing a broad and deep pipeline that builds on its existing portfolio of medicines to treat cancer, heart disease, osteoporosis, inflammatory diseases and rare diseases.
In 2024, Amgen was named one of the "World's Most Innovative Companies" by Fast Company and one of "America's Best Large Employers" by Forbes, among other external recognitions. Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average®, and it is also part of the Nasdaq-100 Index®, which includes the largest and most innovative non-financial companies listed on the Nasdaq Stock Market based on market capitalization.
For more information, visit Amgen.com and follow Amgen on X, LinkedIn, Instagram, TikTok, YouTube and Threads.
About NSG BioLabs
Founded with a focus on supporting biotech innovation, NSG BioLabs offers state-of-the-art equipment, efficient operations, capital efficiency, the expertise of world-class teams and global networks to assist life sciences companies. The conducive R&D environment contains fully-equipped, certified BSL-2 laboratory and office infrastructure across 70,000 sq ft within Singapore's biomedical science clusters, Biopolis and Singapore Science Park.
By providing access to high-quality infrastructure, its extensive partner network, community, and value-add benefits, NSG BioLabs ensures that companies, ranging from emerging biotech startups to multinational companies, can rapidly and efficiently execute on their cutting-edge research and development ecosystem in Singapore, leading to the innovation of revolutionary technologies and products that translate into breakthrough biotech ventures and impact for patients. For more information, visit www.nsgbio.com
About Singzyme
Singzyme is a Singapore-based biotechnology company pioneering next-generation bioconjugation solutions for the manufacturing of antibody-drug conjugates (ADCs) and other complex biologics. Its proprietary Peptide Asparaginyl Ligase (PAL) based conjugation platform enables highly precise, efficient, and scalable site-specific conjugation of payloads to antibodies and other proteins. By combining breakthrough enzymatic technology with deep expertise in protein engineering, Singzyme empowers partners to accelerate the development of safer, more effective targeted therapies. For more information visit www.singzyme.com
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Full Truck Alliance (YMM) Earnings Transcript
Image source: The Motley Fool. Date Thursday, Aug. 21, 2025 at 8 a.m. ET Call participants Founder, Chairman, and Chief Executive Officer — Hui Zhang Chief Financing and Investment Officer — Simon Cai Head of Investor Relations — Mao Mao Need a quote from a Motley Fool analyst? Email pr@ Full Conference Call Transcript Hui Zhang, our Founder, Chairman, and CEO, and Mr. Simon Cai, our Chief Financing and Investment Officer. Management will begin with prepared remarks, and the call will conclude with a Q&A session. As a reminder, this conference is being recorded. In addition, a webcast replay of this call will be available on Full Truck Alliance Co. Ltd.'s Investor Relations website at I will now turn the call over to our Founder, Chairman, and CEO, Mr. Zhang. Please go ahead, sir. Hui Zhang: Hello, everyone, and thank you for joining us today for our second quarter 2025 earnings conference call. In the second quarter, Full Truck Alliance Co. Ltd. demonstrated remarkable resilience in navigating both opportunities and challenges in the external environment. While leveraging digitalization and intelligent technologies, we continue to help shippers reduce logistics costs and enhance operational efficiency across the road freight industry. Through improvements in fulfillment efficiency and optimization of the user experience, our platform reached a new milestone with fulfilled orders totaling million, a 23.8% year-over-year increase, underscoring the ongoing shift from offline to online operation. Our key operating metrics also reached record highs in this quarter, reflecting meaningful progress across shipper growth, trucker capacity, and matching efficiency, as well as technology enablement. On the user front, we continue to invest in long-term brand building and online user acquisition among the 30,000,000 potential SME shippers nationwide. Simultaneously, our refined operations across cargo categories optimized the shipping experience for existing users throughout the order placement, freight matching, and fulfillment process. As a result, average shipper MAUs in the second quarter exceeded 3,160,000, a 19.3% year-over-year increase, while our shipper members surpassed 1,200,000, demonstrating enhanced user engagement and stickiness. Notably, the order contribution from direct shoppers rose to 53%, reflecting continued optimization of our user base. To further boost our trucker capacity and enhance matching efficiency, we advanced our trucker credit rating and membership program, encouraging service quality improvements under the guiding principle of excellent service, more orders, higher income for truckers. We also strengthened protections and support for truckers, enhancing their sense of value and recognition. By the end of the quarter, the number of active truckers fulfilling orders over the past twelve months rose to 4,340,000, up approximately 9% year-over-year, while trucker membership approached 1,000,000, reflecting rising engagement and loyalty. Against this backdrop, our fulfillment rate reached a new high of 40.7%, an improvement of approximately seven percentage points year-over-year. On the technology front, we remain focused on addressing the core pain points in the freight matching process. Leveraging our vast and proprietary data, we advanced AI-driven enablement across multiple key processes, from matching to fulfillment externally and from sales to customer service and operations internally, enhancing both the overall user experience and our operational efficiency. Driven by our disciplined high-quality operations, we delivered another quarter of exceptional financial results. Total net revenue reached RMB 3,240,000,000, an increase of 17.2% year-over-year, with transaction service revenues surging 39.4% year-over-year to RMB 1.33 billion. Non-GAAP adjusted operating income reached RMB 1.23 billion, up 76% year-over-year, while non-GAAP adjusted net income rose 39.3% year-over-year to RMB 1.35 billion. Looking ahead, as a pioneer of new quality productive forces in the logistics sector, Full Truck Alliance Co. Ltd. will remain relentlessly user-centric. We will continue to strengthen the healthy development of both our shipper and trucker ecosystems, expand into new markets, and drive the industry's digital and intelligent transformation. Through these efforts, we aim to empower enterprises with greater logistics competitiveness. Thank you all once again. Now I'll pass the call over to Simon, who will provide an update on our second quarter's business progress and financial results. Simon Cai: Thank you, Mr. Zhang. Thank you all for joining today's earnings conference call. I will now provide an overview of our operational highlights and financial results for 2025. Let's start with our operations. We continue to deliver steady and robust growth, once again setting new records across our key operating metrics this quarter. Fulfilled orders rose to 60,800,000, up 23.8% year-over-year, consistently outpacing broader freight industry trends. This performance was driven by the expansion of our user base, our shipper base, and ongoing improvements in fulfillment efficiency. Our fulfillment rate reached a historical high of 40.7% in the second quarter, an increase of nearly seven percentage points from the prior year, marking yet another record for our platform. Notably, the average fulfillment rate among low and medium frequency direct shippers approached 60%, up almost 10 percentage points year-over-year. Orders from these user groups now account for roughly 53% of total fulfilled orders, an increase from last quarter, reflecting ongoing optimization of our shipper user structure and our ecosystem's growing strengths. These breakthrough results underscore the effectiveness of our differentiated operational strategy and lay a strong foundation for further service quality enhancements. Moving to our user base, our average shipper MAUs reached 3.16 million in the second quarter, up 19.3% year-over-year. Total shipper members surpassed 1,200,000 by quarter-end, another all-time high driven primarily by growth in low and medium frequency direct shippers. Since its launch early last year, our 288 membership program has been well received, with average monthly active members exceeding 300,000 in the second quarter. Our twelve-month rolling retention rate for shipper members remained above 80%, demonstrating our shippers' community's strong loyalty and engagement. Turning to the trucker side, the number of active truckers fulfilling orders through our platform over the past twelve months increased to 4,340,000, hitting a record high. Meanwhile, the next month retention rate for truckers responding to orders consistently exceeded 85%. During the quarter, we further strengthened our trucker infrastructure, significantly enhancing order tracking completeness, paving the way for high operational efficiency and a better fulfillment experience for truckers. By offering high-quality freight orders along with improved guarantees and benefits, we grew our Mini Member Trucker base to over 1,000,000. These members' order acceptance frequency increased substantially, driving parallel growth in business scale and trucker engagement while further enhancing trucker stickiness. Shifting now to monetization. Supported by the dual engine of order growth and improved monetization, revenues from our transaction service achieved another quarter of high-quality growth, rising 39.4% year-over-year to RMB 1,330,000,000. Monetized order penetration reached 86.7%, up more than five percentage points from the prior year, while average monetization per order increased to RMB 25.2 from RMB 23.9. Highly targeted operations within our service ecosystem are consistently strengthening our monetization capabilities. Leveraging a more sophisticated credit rating system and tiered incentive programs for truckers, we effectively addressed the diversified needs of both high-volume and long-tail shippers. These efforts safeguarded trucker income and retention while also enhancing both order volumes and monetization efficiency. Looking ahead, we will continue to leverage our intelligent freight matching system and flexible subsidy strategies to further tap into high-value users' monetization potentials. In parallel, our refined tiered approach to trucker operations will help accelerate the buildup of strategic core transportation capacity, fostering a virtuous cycle of healthy user growth and sustained improvements in monetization efficiency. We believe these initiatives will further strengthen our momentum in 2025, delivering long-term value for our platform and stakeholders. Now I'd like to provide a brief overview of our 2025 second quarter financial results. Our total net revenues in the second quarter were RMB 3,239,100,000, representing a 17.2% increase year-over-year, primarily attributable to an increase in revenues from freight matching services. Net revenues from freight matching services, including service fees from freight brokerage models, membership fees from listing models, and commissions from transaction services, were RMB 2,747,900,000 in the second quarter, representing an increase of 18% year-over-year, primarily due to the record increase in transaction service revenue. Revenues from the freight brokerage service in the second quarter were RMB 1,177,900,000, representing an increase of 1.1% year-over-year, primarily attributed to an increase in service fee rate partially offset by a decrease in transaction volume. Revenues from the freight listing service in the second quarter were RMB 242.9 million, up 14.5% year-over-year, primarily due to the growing number of total paying members. Revenues from the transaction service in the second quarter were RMB 1,327,100,000, up 39.4% year-over-year, primarily driven by an increase in order volume penetration rate and per order transaction service fee. Revenues from value-added services in the second quarter were RMB 491.2 million, up 12.8% year-over-year. The increase was primarily due to growing demand for our credit solutions. Second quarter cost of revenues was RMB 1,238,400,000, a decrease of 5.6% from RMB 1,312,100,000 in the same period of 2024. The decrease was primarily due to decreases in VAT, related tax surcharges, and other tax costs net of grants from government authorities. These tax-related costs net of government grants totaled RMB 1,087,100,000, representing a decrease of 7.6% from RMB 1,076,300,000 in the same period of 2024, primarily due to a decrease in tax costs net of government refunds related to our freight brokerage service. Our sales and marketing expenses in the second quarter were RMB 433.8 million compared with RMB 372.3 million in the same period of 2024. The increase was primarily due to an increase in advertising and marketing expenses for user acquisitions. General and administrative expenses in the second quarter were RMB 170.3 million, compared with RMB 219.2 million in the same period of 2024. The decrease was primarily due to lower share-based compensation expenses. R&D expenses in the second quarter were RMB 189.6 million compared with RMB 200 million in the same period of 2024. The decrease was primarily due to lower salary and benefits expenses. Income from operations in the second quarter was RMB 1,139,600,000, an increase of 101.6% from RMB 565.4 million in the same period of 2024. Net income in the second quarter was RMB 1,264,800,000, an increase of 50.5% from RMB 840,500,000 in the same period of 2024. Under non-GAAP measures, our adjusted operating income in the second quarter was RMB 1,230,100,000, an increase of 76% from RMB 699 million in the same period of 2024. Our adjusted net income in the second quarter was RMB 1,352,100,000, an increase of 39.3% from RMB 970.9 million in the same period of 2024. Basic income per ADS was RMB 1.2 in the second quarter, compared with RMB 0.79 in the same period of 2024. Non-GAAP adjusted basic net income per ADS was RMB 1.28 in 2025, compared with RMB 0.39 in the same period of 2024. Non-GAAP adjusted diluted net income per ADS was RMB 1.27 in the second quarter, compared with RMB 0.91 in the same period of 2024. As of June 30, 2025, the company had cash and cash equivalents, restricted cash, short-term investments, long-term time deposits, and wealth management products with maturities over one year totaling RMB 29.5 billion, compared with RMB 29.2 billion as of December 31, 2024. As stated in our announcement on August 1, to ensure the sustainable development of our freight brokerage business, the company has decided to increase the freight brokerage service fee starting in August, aiming to reduce reliance on government subsidies and mitigate associated uncertainties. This adjustment may lead to higher costs for shippers, and we anticipate a significant decline in freight brokerage transaction volume beginning in the quarter ending September 30, 2025. Consequently, revenues from the freight brokerage business are expected to decrease while costs are likely to rise, which may exert some pressure on profitability. That said, we expect a shift in the freight brokerage business will have limited impact on our transaction service business. Based on this outlook, we expect our total net revenues to be between RMB 3 billion and RMB 3.617 billion for 2025, representing a year-over-year growth rate of approximately 1.3% to 4.6%. Excluding freight brokerage service, net revenues are expected to range from RMB 2.16 billion to RMB 2.26 billion, reflecting an estimated year-over-year growth rate of 23.4% to 29.1%. These forecasts are based on our current and preliminary view of the market and operational conditions, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof. That concludes our prepared remarks. We would now like to open the call to Q&A. Operator, please go ahead. Operator: Thank you. If you wish to cancel your request, please press 2. If you are on a speakerphone, please pick up the handset. For the benefit of all participants on today's call, if you wish to ask your question to management in Chinese, please immediately repeat your question in English. Your first question comes from Eddie Huang with Morgan Stanley. Please go ahead. Eddy Wang: Thank you, management, for taking my question. My question is regarding the fulfilled orders. We have seen that the fulfilled orders increased by 24% year-over-year in the second quarter, and the fulfillment rate increased to around 41%. Both maintained very strong growth momentum. What are the key factors driving this growth? How do you view the fulfilled order volume growth in the second half of this year, as well as for the full year? Thank you. Simon Cai: Thank you, Eddie. In the past second quarter, our fulfilled orders continued to increase steadily, significantly outperforming the broader freight market. We attribute this strong growth to three key elements: our ongoing user base expansion, the optimization of shipper user structure, and our product and service upgrades. First, the consistently rapid expansion of both shippers and trucker user base has laid a solid foundation for order growth. On the shipper side, rising demand among the SME owners to reduce costs and improve efficiency, along with increased appetite for digital and intelligent transformation, has accelerated the shift of shippers from offline to online. Our average monthly active shippers exceeded 3,160,000 in the second quarter, hitting an all-time high. On the trucker side, more truckers who traditionally operated offline took orders to online platforms, effectively boosting transportation capacity. The continued expansion on both the supply and demand side has further supported order growth. Second, the continued optimization of our shipper user base has driven stronger order stickiness. Our high-quality shipper segment, mostly low and medium frequency direct shippers, have delivered consistent growth in average fulfilled orders per user, thanks to ongoing platform service refinement, reflecting stronger retention and stickiness. The order contribution of direct shippers further increased to 53% in the second quarter, up four percentage points year-over-year. In the meantime, our average fulfillment rate for these direct shippers surpassed 60% of thresholds for the first time. This user mix progress was a key structural driver of the overall increasing order volume and fulfillment rates. Thirdly, our further upgraded products and operational strategies have strengthened the certainty level of order fulfillment. For example, in the second quarter, we rolled out an intelligent matching system that prioritized dispatching orders to truckers closest to the shipping location before gradually expanding outwards. This close-to-far strategy effectively cut down matching time and improved the truckers' order response efficiency and fulfillment reliability. Meanwhile, on the shipper side, we have fine-tuned our shipper information intake process, helping truckers get a clearer and more complete picture of the cargo before accepting orders, which has reduced cancellations caused by information gaps. For the full year, we remain optimistic about the continued growth in our fulfilled orders. While the macro uncertainties are likely to persist in the second half, we feel our relatively positive outlook is justified given our leading edge and strong market position in the freight matching service, and the online penetration is still low. We will continue optimizing the user structure and enhancing service standards to keep driving higher quality order conversions while also refining our product and service operations to boost user engagement and retention among small and medium-sized shippers and core trucker groups. We are confident these efforts will further solidify our platform's industry leadership and bring us closer to our full-year order growth target. Thank you. Eddy Wang: Thank you. Operator: Your next question comes from Charlie Chen with China Renaissance. Please go ahead. Charlie Chen: Thank you, management, for taking my questions. In the second quarter, the number of monthly active shippers reached 3,160,000, representing a year-over-year growth of 19.3%. What are the main drivers behind this growth? And could you brief us on the progress of the shipper member business in the second quarter? Thank you. Simon Cai: Thank you, Charlie. In the second quarter, the number of monthly active shippers maintained a solid growth trajectory we have observed in the past few quarters. This momentum was primarily driven by improved user acquisition efficiency and consistent enhancement to product experience. First, we continue to optimize our user acquisition strategy. We cut back our low conversion marketing placement channels and shifted resources to high conversion channels, such as online app store advertising, achieving better ROI within a controlled budget. Shippers' willingness to engage and the conversion rate of their first postings to fulfillment both improved significantly, driving ongoing improvements in the quality of new users. Second, our efforts to increase engagement and retention among existing users contributed to the sustained MAU growth. We refined key features such as trucker trajectory completeness and real-time trucker locations, enhancing shippers' confidence in our fulfillment capabilities. This boosted both overall shipment frequency and fulfillment rates, elevating user stickiness. Sequentially, our shipper MAU growth eased slightly quarter over quarter, mainly due to reduced activity among intermediary 1688 member shippers as we stayed more focused on serving direct shippers and strengthening our platform service capabilities. Fulfillment experience and matching efficiency, more direct shippers opted to post orders directly onto our platform, reducing the role of intermediary brokers. This shift was essentially an improvement in our platform's ecosystem quality, marking progress toward a more sustained shipper user cluster. Regarding membership programs, the number of shipper members continued to steadily increase in the second quarter, with existing shipper members totaling 1,210,000 by quarter-end. This growth was primarily driven by our ongoing enhancements to our membership programs, effective execution of our tiered pricing strategies, and stable retention among existing members. The rapid growth of mini member shippers remained the primary driver of shipper member growth. Promotion for our 288 membership program effectively lowered the initial payment threshold, driving first-time conversions among low and medium frequency direct shippers. Data shows that our tiered approach to member operations has started to pay off. Notably, in the second quarter, among 288 members who used up shipment allowance and chose to renew, nearly 30% upgraded to the 688 membership, demonstrating users' increasing trust and reliance on our platform services. In the meantime, retention among existing shipper members remained stable. As of the end of the second quarter, our twelve-month rolling retention rate for shipper members remained above 80%. This sustained high level over multiple quarters reflects our continuous efforts to improve member experience. Looking ahead, we will continue to focus on high-quality direct shipper operations, expanding the share of core users while naturally phasing out intermediary shippers. In terms of the membership program, we will further enhance renewal rates for mini member shippers and encourage upgrades to higher-tier members. Leveraging our tiered approach to members' operations and targeted benefits, this will enable us to boost overall payment rates and user lifecycle value, fueling our platform's order growth and enhancing transaction quality. Charlie Chen: Thank you. Operator: Your next question comes from Wenjie Zhang with CICC. Please go ahead. Wenjie Zhang: I'll do the translation for myself. Thank you, management, for taking my question. We know that in early July, several major domestic online freight platforms have jointly signed the industry self-regulation convention. Under this context, what measures have you put in place? Simon Cai: Thank you, Wenjie. That's a good question. The industry self-regulation convention aimed to protect truckers' legitimate rights and foster a healthier, more sustainable industry ecosystem. Our platform responded swiftly with supplementary guidance and various measures aimed at helping truckers take orders confidently, receive payment promptly, and operate with peace of mind. In terms of freight rate protection, we strengthened our oversight of shippers and provided truckers with robust support in resolving payment issues through both customer service and legal channels. We have also expanded our freight rate protection program for eligible trucker members. For orders that are not settled on time, the platform will advance or partially cover payments per established rules, ensuring that truckers' cash flow is more stable and predictable. To improve transaction fairness, we have taken steps to curb market-disrupting behaviors such as malicious order flipping, fake order taking, and frequent cancellations. Leveraging algorithm monitoring and optimization, we are able to block ultra-low-priced or otherwise unreasonable freight resources, helping safeguard truckers' earnings. Shippers or truckers who violate platform rules may face account suspension or blacklisting. At the same time, we have made reporting channels more accessible, encouraging truckers to share tips and help maintain a transparent, fair trading environment. Finally, we are enhancing communication and feedback mechanisms by regularly hosting trucker discussion panels in person, where truckers can share their thoughts on what matters most to them, including rights protection and rule optimization. By also gradually opening channels for truckers to submit reports publicly, share feedback, and track resolution, we can ensure closure of reported issues. These initiatives are designed to reinforce truckers' sense of security, satisfaction, and trust when operating on our platform, while fostering a stable, long-lasting partnership between the platform and the trucker community. Operator: Your next question comes from Yuan Liao with Citi. Please go ahead. Yuan Liao: Thanks, management, for taking my questions. Congrats on the strong results in the second quarter. We see that the company adjusted its freight brokerage service on August 1. So what operational changes have been made in them? And do you observe any user behavior shift? And how should we view the future prospects in the financial contribution of the Nalimba business? Thank you. Simon Cai: Thank you. In early August, in response to the upcoming cancellation of government grants, we promptly increased the fee rate for freight brokerage service to between 10% to 11% to cover increased tax costs and other operating costs related to the business. At the operational level, we have been focused on strengthening existing customer communication and retention, with emphasis on ensuring a seamless experience for shippers placing, invoicing, and also freight matching orders. At the same time, we have continued to enhance our freight matching services to maintain stable fulfillment performance. Early observations suggest that the retention of these users remains broadly in line with our expectations following the fee rate adjustment, confirming the core value of our platform's freight matching service in driving user engagement and loyalty. At the group level, we believe the adjustments to our freight brokerage business will have limited impact on public freight management service. We expect that as other platforms providing similar freight broker services complete fee rate adjustments sooner or later, both smaller players with limited value-add other than low-priced invoicing service will exit the market eventually. This is likely to bring some users back to Full Truck Alliance Co. Ltd. and support a new wave of consolidation in the freight sector, further highlighting the core value our platform delivers to both shippers and truckers. From a financial standpoint, we believe the reduced profit contribution of freight brokerage will, over the long run, help us optimize our revenue structure and key operating metrics, including profitability. It will also reduce cash flow uncertainty arising from receivables and local government grants, allowing our earnings to more accurately reflect the true value of our core operations and providing a stronger foundation for sustainable revenue and profit growth in the future. Thank you. Operator: Your next question comes from Ritchie Sun with HSBC. Please go ahead. Ritchie Sun: Thank you, management, for taking my question. I want to ask about the interest of shipment business. So how did this segment perform in the second quarter? And on the operations side, what were the key initiatives involved? Thank you. Simon Cai: Thank you, Ritchie. Since the beginning of the second quarter, we have reshuffled our entrusted shipment service as part of our broader business strategy optimization. Starting in April, we streamlined product offerings by discontinuing the entrusted shipment carpooling service and focusing exclusively on the full truckload transactions under the entrusted shipment segment. This shift was driven by two considerations. First, from a product positioning perspective, the entrusted shipment business is built around providing a high-quality, highly reliable transportation experience for shippers with stringent requirements for timeliness and stability. In contrast, less-than-truckload carpooling services are primarily cost-driven, characterized by lower freight rates and less certainty in fulfillment. This inherent mismatch with our brand positioning prompted us to reshuffle the customer service and concentrate our resources on full truckload offerings, further enhancing the premium image of the entrusted shipment segment. Second, from an operational efficiency standpoint, full truckload orders in the entrusted shipment business generally achieve higher freight rates and stronger fulfillment performance, making them more attractive to truckers. This advantage was amplified in May when we fully implemented the price consistency mechanism under which freight rates for entrusted shipment orders are notably higher than standard freight orders. The resulting income potential has increased trucker engagement and expanded the availability of high-quality transportation capacity on our platform. While the restructuring of service offerings under the entrusted shipment program led to a short-term slowdown in order volume growth, we believe this strategic adjustment will, over the medium to long term, strengthen user mindset with premium brand positioning, creating differentiated competitive advantages, and help cultivate a higher-quality ecosystem of both shippers and truckers. On the monetization front, the premium pricing strategy has created a more favorable revenue environment and improved the stability in revenues from transaction service. Looking ahead, we will continue refining the shipment business model, focusing on the dual engines of efficient matching and premium service to further enhance user experience, deepen platform engagement, and solidify its role as a core pillar of our product portfolio. Thank you. Operator: And that concludes the question and answer session. I would like to turn the conference back over to management for any additional or closing comments. Mao Mao: Thank you once again for joining us today. If you have any further questions, please feel free to contact us at or TPG Investor Relations. Have a good day. Trump's Tariffs Could Create $1.5 Trillion AI Gold Rush The Motley Fool's analysts are tracking a massive shift in U.S. tech. Over $1.5 trillion is already flowing into infrastructure, AI, and advanced manufacturing… and the number keeps climbing. Following a major tariff policy shift, a new AI Gold Rush is taking shape, and we think . It builds the tech infrastructure that Apple, OpenAI, and others suddenly can't live without. We just released a full write-up on this under-the-radar stock — and why now might be the exact moment to move. Continue » *Stock Advisor returns as of August 18, 2025 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Full Truck Alliance (YMM) Earnings Transcript was originally published by The Motley Fool 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
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- Android Authority
Insta360's new tiny action camera combines stamina with a detachable magnet design
Insta360 TL;DR Insta360 has launched a new tiny action camera with improved video chops. The Insta360 GO Ultra brings 4K 60fps recording in a compact format and a detachable design. The GO Ultra also borrows other features, such as PureVideo, from the pro-grade action cameras like Insta360 Ace Pro. Insta360 is announcing a new compact camera suitable for both action shots and vlogging. The latest addition sits between the Insta360 GO, its compact vlogging camera, and the Ace Pro, which is designed for more professional endeavors. The Insta360 GO Ultra builds upon the detachable format previously introduced with the standard GO 3 and 3S, although in a slightly bigger size. Like the smaller variant, the GO Ultra attaches to a case that can be used for preview or to charge the camera during or after recording sessions. Insta360 Given its 'Ultra' badging, the new action camera is more virtuous than the tiny pill-shaped predecessor. The Insta360 GO Ultra comes with a 1/1.28-inch sensor, which is more than twice as big as the GO 3's 1/2.3-inch sensor. It also packs a new 5nm chip that increases 4K video capture frame rates from 30fps on the GO 3 to 60fps, though only when it is cropped to 16:9 or other wider aspect ratios. Dialing back to 1080p will also unlock a 120fps option for regular shots and up to 240fps for slow-motion, although you can also record slo-mo videos at a higher 2.7K resolution, but with a 120fps cap. Don't want to miss the best from Android Authority? Set us as a preferred source in Google Search to support us and make sure you never miss our latest exclusive reports, expert analysis, and much more. The GO Ultra also snags the PureVideo feature from the Ace and X series for enhanced exposure in low lighting. Meanwhile, the resolution for photos now goes up to 50MP. Like the smaller GO 3, you can also shoot in RAW or with HDR using the Insa360 app on your iPhone or Android device, and the app also features options to edit clips with effects, presets, and music. You can also sync data from fitness apps such as Strava or directly from a fitness device like a smartwatch, for it to be displayed directly onto your video. Insta360 Insta360 says the GO Ultra is about the size of a smartwatch. Although that's not considerably bigger than the GO 3, there is a noticeable increment in weight, with the new camera weighing 53 grams without the case. When docked into the case, the Ultra will weigh about 110 grams, which is noticeable but still considerably lighter than the Ace models. Additionally, the IPX8 rating will allow you to take the GO Ultra for shallow water diving, up to 30 feet below the surface. The action camera also supports a variety of attachments besides the case, including an improved magnetic pendant, peel-and-use sticky tabs, and a new hat clip. Insta360 The Insta360 GO Ultra is available from today, August 21, for a starting price of $449.99 for the Standard Bundle, which includes the camera, a safety cord, magnetic clips and pendant, and a lens guard. You can spend $50 more and get the Creators Bundle, which gets you a mini tripod, a quick-release mount, and a pivot stand, along with the other items. Follow
Yahoo
35 minutes ago
- Yahoo
FED Fitness Launches its Limited-Time YOSUDA Exercise Bike 002 Sale
Hong Kong, China, Aug. 21, 2025 (GLOBE NEWSWIRE) -- FED Fitness, the No.1 best-selling brand in the home fitness gear category with over 10 million family users worldwide, has announced a limited-time promotion on its best-selling YOSUDA Exercise Bike 002. From August 18 to August 30, fitness enthusiasts can enjoy a 28% discount, bringing the original price of $249.99 down to just $179.98. Designed for comfort, durability, and effective indoor cardio workouts, the YOSUDA bike is now more accessible than ever for anyone looking to upgrade their home fitness routine without breaking the bank. Everything You Need, Right Out of the Box Your YOSUDA bike comes with all necessary tools and easy-to-follow instructions, plus access to an online assembly video—so you'll be up and riding in under 30 minutes. And with one year of free parts replacement, YOSUDA ensures that your investment stays protected as you push forward on your fitness journey. Why Choose the YOSUDA Exercise Bike 002: Performance That Moves With You With over 10 years of experience in home fitness innovation and the trust of more than 3 million families worldwide, YOSUDA has become a name synonymous with reliability, performance, and user-first design. The YOSUDA Exercise Bike 002 isn't just built for exercise—it's built to support your goals, fit your lifestyle, and make every ride count. Built for Smooth, Quiet Power At the core of the YOSUDA Exercise Bike 002 is a 30-pound heavy flywheel, engineered to increase inertia and deliver a natural, road-like riding feel. This added weight helps eliminate jerky movements and supports a fluid, consistent pedal stroke—ideal for everything from casual rides to serious training. Paired with a whisper-quiet belt drive system, the YOSUDA bike offers a seamless and near-silent experience, letting you train at any time without disturbing others. And with 100% micro-adjustable resistance, you're in full control of your intensity—dialing up to a maximum resistance of 70 lbs for tough climbs or backing off for active recovery. Whether you're doing HIIT sprints or steady-state cardio, the bike adjusts to meet your effort level and keeps pace with your progress. Safety That Inspires Confidence Whether you're new to cycling or pushing through intense sprints, stability is non-negotiable. The YOSUDA Exercise Bike 002 features a reinforced steel frame that confidently supports up to 300 lbs, while its extended foot tubes increase ground contact by 50%, dramatically improving grip and reducing wobble—even during your most powerful rides. Adjustable cage pedals keep your feet securely in place, and the instant-stop resistance bar puts safety at your fingertips. With every detail engineered for balance and control, you can ride with total confidence—no slips, no distractions, just a stable foundation for serious That Keeps You Coming Back A ride that feels right is a ride you'll stick with. The YOSUDA features a spring-loaded, shock-absorbing seat to reduce pressure and pain during long sessions. With two-way adjustable handlebars and a four-way adjustable seat, riders from 4'8" to 6'1" can dial in a personalized fit for maximum comfort and ergonomic support. Whether you're cycling for fitness, stress relief, or endurance training, you'll feel the difference from the first pedal stroke. Smart Features That Keep You Motivated Track your progress in real-time with the built-in LCD monitor, and stay entertained or focused by mounting your device in the integrated tablet holder. New Bluetooth support connects to the FED Fitness App, unlocking immersive riding experiences—from scenic virtual rides to high-energy cycling competitions. With digital tools that motivate, you're never riding alone. Connected for a Smarter Ride Take your workouts further with the built-in Bluetooth connectivity module, allowing seamless connection to the exclusive FED Fitness App. Whether you're tracking progress, exploring immersive riding scenarios, or joining virtual cycling challenges, the app turns every session into a more engaging and motivating experience. It's fitness that adapts to you—with data, variety, and community at your fingertips. Ready to Ride Toward a Stronger You? Whether you're just starting out or leveling up your training, this bike is built to support every ride, every goal, and every lifestyle. Don't miss this limited-time opportunity to bring home YOSUDA's best-selling indoor bike at 28% off. Transform your fitness routine today—shop now and ride stronger tomorrow. About YOSUDA YOSUDA is part of the FED Fitness brand and falls into the Cardio series of FED Fitness. The YOSUDA Exercise Bike 002 is a popular exercise bike model and has received a lot of 5-star reviews on Amazon. About FED Fitness FED Fitness is the No.1 best-selling brand in home fitness gear, trusted by over 10 million families worldwide. Its portfolio spans cardio (YOSUDA, NICEDAY), strength training (FLYBIRD, FEIERDUN, Sportsroyals), and recovery equipment (BCAN). The company delivers professional-grade quality at accessible prices, providing space-efficient, reliable products that make home fitness practical for any household. Media Contact Website: CONTACT: Palson Yi Hong Kong Feier Smart Technology Co., Limited palson (at)
