Latest news with #Xian
Yahoo
14-08-2025
- Business
- Yahoo
Entrepreneur Universe Bright Group Reports Second Quarter 2025 Financial Results
XI'AN, China, Aug. 14, 2025 /PRNewswire/ -- Entrepreneur Universe Bright Group ("EUBG" or the "Company"), a Nevada corporation, today announced its unaudited financial results for the quarter ended June 30, 2025. Financial Highlights - Revenue: $1,143,106 for Q2 2025 (Q2 2024: $1,264,221), a 9.6% year-over-year decrease.- Net Income: $422,852 in Q2 2025 (Q2 2024: $348,467), up 21.3% year over year.- Total Comprehensive Income: $424,033 (Q2 2024: $343,134).- Cash Position: Cash and cash equivalents were approximately $9.15 million as of June 30, 2025. Business Overview EUBG provides digital marketing consultancy services through its wholly-owned PRC subsidiary, Xi'an Yunchuang Space Information Technology Co., Ltd. The Company specializes in helping startups and small businesses enhance brand recognition and improve sales via online platforms. Strategic Outlook EUBG continues to focus on high-value digital advisory services and platform-based solutions. The Company aims to expand offerings in brand consulting, omni-channel e-commerce integration, and performance-based marketing campaigns. Management Commentary Mr. Guolin Tao, CEO of EUBG, stated:"During the second quarter, even as market demand softened, we delivered solid financial performance. While revenue declined modestly year over year, net income further optimized our service portfolio to align with evolving client needs. These initiatives are strengthening our competitive advantages and laying a solid foundation for sustainable growth." About Entrepreneur Universe Bright Group Entrepreneur Universe Bright Group is a Nevada holding company that conducts its operations through its wholly-owned subsidiaries in Hong Kong and the People's Republic of China. The Company primarily engages in consulting, sourcing, and marketing services in China with support from its Hong Kong subsidiary. EUBG is committed to providing business consulting services across multiple markets in China. For more information, please visit: Safe Harbor Statement This press release contains projections and "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 related to the Company's business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are not historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; future business development; financial condition and results of operations; product and service demand and acceptance; competition and pricing pressures; changes in technology; government regulations; fluctuations in economic and business conditions in China; and assumptions underlying or related to any of the foregoing and other risks contained in the Company's filings with the SEC. Investors are cautioned not to place undue reliance on any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. View original content: SOURCE Entrepreneur Universe Bright Group Sign in to access your portfolio
News.com.au
11-08-2025
- Automotive
- News.com.au
Self-driving delivery van filmed dragging scooter
Autonomous vehicles are reaching roads around the world, with China and the US leading the way forward. But a recent incident has raised serious safety concerns. Footage shared on social media shows a self-driving delivery van dragging a scooter along a major road in Xi'an, China, heightening fears over safety regulations. According to reports, the truck, developed by Jiushi Intelligent Technology Co., was trying to navigate around debris when it became entangled with a scooter that had been involved in a prior crash. In the video, the vehicle's front left wheel has visibly driven over a scooter, causing the wheel to lock. Surprisingly, the autonomous system continues to drive. 'A bit concerning that the robot van doesn't know it has a wheel completely locked up,' one Reddit user said. 'Man the front left wheel isn't even spinning. You would think it would be able to sense that at the very minimum,' another user said. The video has been video over 50,000 times on social media which has raised concerns on what would have happened if it were a person or an animal that was being dragged instead. According to online reports, the manufacturer stated that this was the first time such an incident had occurred and promised to improve its algorithm to detect irregularly shaped obstacles better. In recent years, China has been accelerating the rollout of autonomous delivery vehicles, particularly for short-distance logistics to help address labour shortages and boost efficiency. This growth has also been fuelled by government incentives and policies designed to accelerate adoption. In Australia, there are laws that prohibit the use of automated vehicles on public roads nationwide. Australia, however, has no national laws allowing fully automated vehicles on public roads. While many modern cars offer partial automation through Advanced Driver Assistance Systems (ADAS) — such as lane-keep assist and parking assist — these features still require a human driver to remain fully responsible. However, the Federal Government is preparing for the future of autonomous driving. The government currently working with the National Transport Commission and state and territory governments to develop a consistent legal framework for the safe introduction of automated vehicles. 'The department is working with the National Transport Commission and state and territorial governments to implement this national approach,' according to the Department of Infrastructure, Transport, Regional Development, Communications and the Arts website. 'The department is developing the AVSL in line with the National in-service safety framework for automated vehicles developed by the National Transport Commission. 'The AVSL will deliver a nationally consistent regulatory approach to ensure the safe operation of automated vehicles on Australian roads.'
South China Morning Post
30-07-2025
- South China Morning Post
China guard dies after arriving early for shift, boss says not work-related, refuses payout
The employer of an early-arriving security guard in China who died in a sweltering workplace without air conditioning has refused to recognise his demise as work-related. The firm has also declined to pay the man's family compensation, sparking widespread outrage online. The 50-year-old man, surnamed Zhou, worked the early shift at a residential community in Xi'an, Shaanxi province, northeastern China, Jimu News reported. On July 15, he arrived at work an hour early, at around 7.00am. Security guard Zhou collapsed and died after a riving early for his shift on July 15. Photo: Baidu After eating breakfast in the security room, he collapsed and was rushed to hospital but died.
Reuters
22-07-2025
- Automotive
- Reuters
China's EV buying subsidies for 2025 end in parts of Xian, local media says
BEIJING, July 22 (Reuters) - A 2025 government subsidy scheme for electric vehicles and plug-in hybrid purchases ended last month in three districts in the city of Xian, the capital of China's Shaanxi province, local official media Shaanxi Daily reported on Tuesday. The three districts are set to stop accepting applications for the subsidies later in July, according to the report. It did not give a reason for the pause or disclose what might happen in other districts. Some Chinese cities, including Zhengzhou and Luoyang, suspended trade-in subsidies for car buyers because the first round of funding allocated by Beijing for the scheme was running out, Reuters reported in June. The state planner and finance ministry said last month that consumer trade-in subsidies for the remainder of the year would be issued in July and October respectively.
Yahoo
22-06-2025
- Science
- Yahoo
China successfully tests home-grown OS in space to reduce foreign software dependence
In a move to minimize dependency on foreign software amid increasing sanctions from the West, particularly the US, China has successfully tested an indigenously-developed operating system in space. After launching into the orbit, the Dalian-1 Lianli CubeSat spent over 1,000 hours testing satellite subsystems powered by OpenHarmony real-time operating system (RTOS)—a streamlined, light-weight, open-source version of Huawei's HarmonyOS. The trials assessed the platform's ability to manage onboard functions with increased efficiency and reliability in space conditions. Researchers from Dalian and Xian demonstrated that the suitcase-sized satellite, deployed from China's Tiangong space station last year, achieved faster data updates and greater operational stability with OpenHarmony. As per findings published in the journal Space: Science and Technology, the home-grown system outperformed earlier setups that relied on basic firmware or foreign software, the South China Morning Post reported. According to Yu Xiaozhou, lead author of the study and a professor at Dalian University of Technology, the Lianli satellite mission demonstrated that using the OpenHarmony real-time operating system significantly enhanced the satellite's response speed and reliability. Yu's team implemented the OpenHarmony RTOS on three critical subsystems of the Lianli satellite: the magnetometer, sun sensor, and attitude unit, which collectively determine its position and orientation. The mission demonstrated that all these subsystems operated reliably and without issues. Following the OpenHarmony upgrade, the subsystems responded to commands within just two microseconds, demonstrating a remarkable increase in processing speed. This enhancement also enabled continuous data updates at significantly higher rates than previous configurations, improving the satellite's overall efficiency and real-time responsiveness during its mission. Marking a milestone in China's space tech development, the Lianli microsatellite became the first to operate using both the OpenHarmony real-time operating system and a domestically produced chip. This fully home-grown hardware-software combination offers a new alternative for spacecraft operating systems on a global scale, as per Chinese media reports. Building on the success of the Lianli mission, Yu and his team introduced national technical standards for integrating OpenHarmony into small satellites. The move aims to standardize its application and accelerate wider adoption—momentum that is already evident in both commercial and research satellite projects across China. Blacklisted by the US in 2019, Huawei lost access to key American tech—prompting China to fast-track self-reliance efforts, including in operating systems. Developed in response, OpenHarmony is now overseen by China's OpenAtom Foundation and has expanded into satellites and embedded systems. In a 2023 interview with state news agency Xinhua, Yu observed that China long depended on foreign or open-source operating systems like FreeRTOS for its small satellites. While FreeRTOS offered early benefits due to its cost-free availability, this reliance later proved problematic—especially when access to foreign-made chips became restricted, limiting the usability of even open systems. Yu further explained that the reliance on foreign software and hardware had placed significant constraints on domestic satellite development teams. Overcoming these limitations has since become a central challenge in advancing China's technological self-sufficiency.
