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Deliveroo slips back into loss on DoorDash takeover costs
Deliveroo slips back into loss on DoorDash takeover costs

Iraqi News

time07-08-2025

  • Business
  • Iraqi News

Deliveroo slips back into loss on DoorDash takeover costs

London – Food delivery app Deliveroo on Thursday reported that it fell back into a loss in the first half of 2025, citing costs related to its takeover by US rival DoorDash. Net loss stood at £19.2 million ($26 million) in the six months to the end of June, compared with a net profit of £1.3 million during the same period one year earlier, according to an earnings statement. The London-listed firm, which agreed a £2.9 billion takeover by DoorDash in May, said it is on track to finalise the deal in the final quarter of the year. Deliveroo had reported its first annual profit in March following sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013. Despite slipping back into the red in the first half of 2025, Shu noted that 'both growth and profitability are accelerating'. The company attributed the latest loss predominantly to 'advisory and legal fees in relation to the DoorDash acquisition,' without which it expected to have made a net profit. Revenue grew eight percent to £1 billion, while orders also grew eight percent. 'I'm excited for what the partnership with DoorDash can bring in the future,' Shu added. The combined group is set to create a delivery service present in more than 40 countries, serving around 50 million monthly-active users. DoorDash, which already operates in over 30 countries, is the largest food delivery app in the United States. The acquisition will expand DoorDash's reach further, with Deliveroo operating in the UK, Belgium, France, Ireland, Italy, Kuwait, Qatar, Singapore and the United Arab Emirates.

2025 Hunan Red Tourism And Culture Festival Kicks Off In Xiangtan City
2025 Hunan Red Tourism And Culture Festival Kicks Off In Xiangtan City

Barnama

time14-07-2025

  • Barnama

2025 Hunan Red Tourism And Culture Festival Kicks Off In Xiangtan City

XIANGTAN, China, July 14 (Bernama) -- 2025 Hunan Red Tourism and Culture Festival & the 4th Xiangtan Tourism Development Conference was held in Shaoshan County, Xiangtan City of Hunan Province from July 10 to 11. Centering on the theme of "Aspiring to Shaoshan ・ Meeting in Hunan for the Future", the event carefully planned two main activities: the "Motherland is So Beautiful" Poetry Recital and the opening ceremony of the conference. Xiangtan is an important part of the Changsha-Zhuzhou-Xiangtan Metropolitan Circle. Located at the transportation hub in central China, it has a long history of more than 1,500 years, giving birth to many cultural celebrities in modern times, including Jiang Wan, a famous prime minister of the Shu Han Dynasty, Zeng Guofan, an important minister in the late Qing Dynasty, Qi Baishi, a world cultural celebrity, as well as Wang Kaiyun, Yang Du and Xiao San. It is an important source of Huxiang culture.

Time-tested treasures fuel China's cultural economy boom
Time-tested treasures fuel China's cultural economy boom

Borneo Post

time30-06-2025

  • Borneo Post

Time-tested treasures fuel China's cultural economy boom

Visitors take photos of the Sun and Immortal Birds gold ornament at the Jinsha Site Museum in Chengdu, southwest China's Sichuan Province, July 13, 2024. (Xinhua/Kang Jinqian) CHENGDU (July 1): Museum guide Han Xue paused on the elevated walkway and beckoned her tour group forward as a vast archaeological pit came into view below. Down there, rows of ancient ivory neatly aligned in the same direction as if arranged by a forgotten ritual. 'Here we stand witness to a world preserved for three millennia,' Han said, as gasps rippled through the crowd. Beneath their feet lay the remnants of a mysterious kingdom that once anchored early civilization along China's upper Yangtze River. At the Jinsha Site Museum in Chengdu, capital of southwest China's Sichuan Province, Han's storytelling brings to life vanished worlds of ritual ceremonies, terraced rice fields, and exquisitely crafted jade. This was once the heart of the ancient Shu Kingdom, which had its heyday around 3,000 years ago. 'Summer holidays haven't started, yet we welcome streams of visitors daily, all drawn by this civilization's magnetic pull,' Han said, adding that the museum remains packed until well past 6 p.m.. With eight years of experience as a tour guide, Han has witnessed a noticeable shift. 'Young heritage enthusiasts are growing in number. Lots of elementary school kids visit the museum, and they listen with genuine fascination,' she explained. The museum has logged over 760,000 visits this year. Beyond the exhibition halls, the museum's souvenir shops buzz with energy. 'People buy souvenirs not just for the novelty,' Han said, 'but out of a deep sense of connection and pride in the civilization these artifacts represent.' That day, the fridge magnet replica of the museum's iconic Sun and Immortal Bird Gold Ornament sold out. 'This piece gleams with such brilliance, and its symbolism struck me. It captures humanity's eternal pursuit of light,' said Li Xinting, a first-time visitor from Shanxi Province. 'We should keep the heritage alive.' Jinsha's popularity is growing in tandem with the Sanxingdui Ruins, its 'sister site' in the ancient Shu civilization lore, which has gained global recognition for its mysterious yet magnificent bronzes, such as the Sacred Tree and enigmatic masks. Sanxingdui's new museum building attracted nearly 10 million visitors last year, with cultural merchandise sales reaching 196 million yuan (about 27 million U.S. dollars), nearly 60 percent of its ticket revenue. Industry observers attribute the museum craze to a deliberate effort to harness rich cultural heritage as a way to open up new avenues for consumer spending. 'True cultural innovation must resonate with contemporary values,' said Ren Ge, director of the Chengdu Museum. 'When creations reflect people's aspirations, they embrace them passionately.' Enthusiasm for ancient culture is also boosting the garment and dining industries. At Chengdu's revitalized industrial complex, 'Eastern Suburb Memory,' a restaurant aims to redefine the dining experience. Ancient melodies fill the air as diners, many dressed in Hanfu robes, are transported back to the dynastic era. Staff, adorned in period costumes, serve dishes inspired by different historical contexts. 'Here, food keeps history alive, the restaurant is an immersive theater, and dining becomes a journey through time,' said Yang Zi, founder of the restaurant. His fusion of culture and cuisine creates experiential social hubs that elevate dining through storytelling. Searches for such immersive dining experiences surged nearly 275 percent year on year in the first quarter of 2025, according to data from Chinese e-commerce platform Meituan. Yang added that reservations, released online two weeks in advance, sell out quickly. During the summer holiday season, demand has surged from locals, culture enthusiasts, and a growing number of international visitors. When explaining the reason why consumers are willing to spend over 500 yuan per person for a 'cultural' meal, Yang told Xinhua that the concept of ritual, or 'li,' courses through China's culinary DNA. 'There's a deep-seated appreciation for ceremony, poetry, music and cultural heritage that resonates with people. We're opening a door, sparking curiosity, and hoping every guest leaves appreciating the beauty of Chinese culture,' Yang said. This desire for cultural engagement is widespread. A survey by the China Tourism Academy found that nearly 80 percent of tourists actively seek out cultural experiences during their travels. The fusion of heritage and contemporary economic life also extends to craft revival. At the Qiong Kiln National Archaeological Site Park in Chengdu, visitors are captivated by ceramics inspired by classic Qiong Kiln shapes and glazes, yet reimagined with modern aesthetics. The appeal is strong. During a single livestream event in May, innovative pieces such as the begonia-flower-shaped lidded bowl and begonia-flower-shaped wine set generated online sales of 2 million yuan overnight, while also boosting offline sales by 500,000 sets. 'We are committed to building bridges that deepen public cultural understanding and ignite creative sparks through the profound wisdom and beauty of ancient civilizations. This is our sacred duty to history and human heritage,' Ren said. – Xinhua artifacts Arts and Culture China museum

The exhibition "The Light of the Sun: Ancient Shu Civilization and the World" opens on June 9th
The exhibition "The Light of the Sun: Ancient Shu Civilization and the World" opens on June 9th

International Business Times

time15-06-2025

  • Entertainment
  • International Business Times

The exhibition "The Light of the Sun: Ancient Shu Civilization and the World" opens on June 9th

On June 9th, the exhibition "The Light of the Sun: Ancient Shu Civilization and the World" hosted by Information Office of Sichuan Provincial People's Government, opens in New York. Replicas and 3D printed parts of representative cultural relics of ancient Shu civilization, such as bronze human heads, gold masks, gold ornaments of the Sun God Bird, and gold scepters, are showcased collectively. The exhibition features a multimedia display project titled "Return to Ancient Shu", which is presented through a combination of three-sided surround projections and ground projections, and utilizes naked-eye 3D technology and 3D animation special effects. The entire film lasts approximately 3 minutes, comprehensively depicting the development trajectory of the ancient Shu civilization represented by Sanxingdui and Jinsha, as well as the key points of archaeological work. It organically integrates the visuals of the sites, dynamically presents the exquisite cultural relics, and visually showcases the charm of the Sanxingdui and Jinsha sites as the central sites of the ancient Shu civilization in the Bronze Age in the upper reaches of the Yangtze River.

Sichuan Provincial People's Government Information Office: The Exhibition "The Light of the Sun: Ancient Shu Civilization and the World" Opened on June 9th
Sichuan Provincial People's Government Information Office: The Exhibition "The Light of the Sun: Ancient Shu Civilization and the World" Opened on June 9th

Yahoo

time11-06-2025

  • Entertainment
  • Yahoo

Sichuan Provincial People's Government Information Office: The Exhibition "The Light of the Sun: Ancient Shu Civilization and the World" Opened on June 9th

New York, New York--(Newsfile Corp. - June 11, 2025) - On June 9th, the exhibition "The Light of the Sun: Ancient Shu Civilization and the World" hosted by Information Office of Sichuan Provincial People's Government, opened in New York. Replicas and 3D printed parts of representative cultural relics of ancient Shu civilization, such as bronze human heads, gold masks, gold ornaments of the Sun God Bird, and gold scepters, are showcased collectively. The light of the sun, ancient Shu civilazation and the world To view an enhanced version of this graphic, please visit: The exhibition features a multimedia display project titled "Return to Ancient Shu", which is presented through a combination of three-sided surround projections and ground projections, and utilizes naked-eye 3D technology and 3D animation special effects. The entire film lasts approximately 3 minutes, comprehensively depicting the development trajectory of the ancient Shu civilization represented by Sanxingdui and Jinsha, as well as the key points of archaeological work. It organically integrates the visuals of the sites, dynamically presents the exquisite cultural relics, and visually showcases the charm of the Sanxingdui and Jinsha sites as the central sites of the ancient Shu civilization in the Bronze Age in the upper reaches of the Yangtze River. Company: Sichuan Provincial People's Government Information OfficeContact: Ms. Jean HuangEmail: 269605548@ +86188 8403 3894Website: 30 Duyuan Street, Chengdu, Sichuan, China To view the source version of this press release, please visit Sign in to access your portfolio

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