Connect with us

Technology

SF Intra-city (9699.HK) Delivery Orders of Comprehensive Delivery Increased 87% during May Day Holiday

Published

on

Orders from Supermarkets and Department Stores Increased More Than 1.7 Times

HONG KONG, May 8, 2025 /PRNewswire/ — The May Day holiday has just concluded, marked by a surge in  domestic travel and consumer spending. In response to strong consumer demand, instant delivery service platforms played a crucial supporting role. Hangzhou SF Intra-city Industrial Co., Ltd. (“SF Intra-city” or the “Group”, Stock Code: 9699.HK), China’s largest third-party on-demand delivery service provider, is pleased to announce that the orders for comprehensive delivery surged by 87% year-on-year (“YoY”) during May Day holiday, delivery orders from supermarkets and department stores grew by 177%  YoY. Additionally, SF Intra-city launched dedicated solutions for cultural tourism instant delivery scenarios, with consumer services performing exceptionally well in third and fourth-tier cities such as Chaozhou and Dali, where C-end (consumer) order volume grew severalfold to dozens of times year-on-year.

During the holiday, consumer sentiment was strong, with robust demand in the new-style tea beverage market. SF Intra-city’s beverage delivery orders surged by 106% YoY during the May Day holiday period. As the preferred instant delivery service provider for new-style tea and coffee brands such as CHAGEE, Mixue Ice Cream & Tea, GuMing, and Luckin Coffee, the Group leveraged its flexible delivery capacity model of “in-store + commercial district + citywide” to ensure efficient fulfillment of online orders and smooth handling of peak periods.

Beyond tea beverage stores, the Group closely collaborated with merchants across all scenarios in commercial districts, with supermarket and department store orders growing rapidly by 177% YoY. Other product categories, including pharmaceuticals, digital products, beauty products, and  mother-and-baby products also recorded high double-digit year-on-year growth. This reflects that a growing consumer preference for instant delivery services for urgent and essential items, and a shift toward a new consumption pattern of “traveling light and purchasing on demand.”

During the May Day holiday period, major food delivery and local lifestyle platforms seized the holiday business opportunities by offering promotional subsidies. As a third-party instant delivery platform without being tied to any specific commerce flow, SF Intra-city deeply collaborated with platforms such as Douyin, WeChat, and Alibaba, allowing merchants to access delivery services across various food delivery and new retail platforms with one-click integration. This not only helped merchants grow their business efficiently but also provided consumers with a better instant delivery experience.

“Cultural tourism + instant delivery” has become a new highlight in local tourism development. SF Intra-city launched a “pickup, delivery, and concierge” solution for cultural tourism, offering services such as luggage handling, hanfu costume returns, shopping assistance, and queue-waiting. These services meet tourists’ personalized needs while helping upgrade the cultural tourism industry. As “county tourism fever” sweeps across the country, instant delivery platforms are becoming increasingly crucial in providing infrastructure services for in-depth county-level tourism. During this year’s May Day holiday period, SF Intra-city’s consumer services saw particularly significant growth in third and fourth-tier cities and counties. C-end order volume in cities such as Chaozhou, Dali, Enshi, Ganzi, Jinzhong, Shigatse, and Tieling grew severalfold to dozens of times, highlighting the enormous potential of instant delivery services in county-level tourism markets.

Additionally, SF Intra-city’s last-mile delivery provides diverse transfer and door-to-door collection and delivery services for express companies and logistics service providers, helping accelerate various aspects of traditional express delivery. During the May Day holiday period, its last-mile delivery order volume grew by 102% YoY, enabling home-based users to receive their purchased products faster and ensuring goods arrived home before traveling users returned.

The May Day ‘Golden Week’, being a significant milestone in travel and consumption, has garnered attention from both consumers and businesses alike. The continued boom in holiday economics has stimulated rising demand for instant delivery, highlighting the increasingly critical role of the instant delivery industry as consumption infrastructure. As local lifestyle consumption scenarios and consumption patterns continue to evolve, SF Intra-city will  strive to broaden the boundaries of on-demand fulfillment services, enhance our technological capabilities, and forge deeper collaborations amid the ongoing innovation in consumer behavior. Together, the Group will champion the sustained growth of new consumption trends, and collaborate with more business partners, adhering to our operational goal of achieving ‘high-quality, efficient and comprehensive third-party on-demand delivery services’ and better fulfilling our mission of ‘bringing enjoyable lifestyle to your fingertips’, firmly rooting ourselves in third-party on-demand delivery service.

About Hangzhou SF Intra-city Industrial Co., Ltd. (Stock code: 9699.HK)

SF Intra-city focuses on the emerging opportunities of intra-city on-demand delivery services. Since 2019, SF Intra-city has operated as an independent legal entity to capture the growth opportunities arising from the new consumption trends. SF Intra-city adopts a multi-scenario business model, providing full coverage of delivery scenarios for all types of products and services. The Company’s extensive service coverage, ranging from mature scenarios such as food delivery to growth scenarios such as local retail, local e- commerce and local services, has enabled it to respond to the evolving customer needs resulting from the development and upgrade of the local consumer market. For more details, please visit the Company’s website: https://ir.sf-cityrush.com/en/investor-relations/.

View original content:https://www.prnewswire.com/news-releases/sf-intra-city-9699hk-delivery-orders-of-comprehensive-delivery-increased-87-during-may-day-holiday-302449885.html

SOURCE SF Intra-city

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Addepar Raises $230 Million at $3.25 Billion Valuation in Series G Investment Round

Published

on

By

Vitruvian Partners and WestCap Co-Lead Round with Support from 8VC, Valor Equity Partners and EDBI

NEW YORK, May 13, 2025 /PRNewswire/ — Addepar, a leading global technology and data platform that investment professionals rely on to make the most informed, data-driven investment decisions, announced today the closing of its $230 million Series G investment round. The round was co-led by Vitruvian Partners, headquartered in London, and returning investor, New York-based WestCap, with additional participation from longtime partners 8VC and Valor Equity Partners. Global investor EDBI, operating under SG Growth Capital—the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore—also joined this round as a new investor.

Addepar’s clients use its platform to manage and advise on more than $7 trillion in client assets, up from $5 trillion just a year ago. The company adds more than $25 billion in new assets on average each week, and serves more than 1,200 client firms across more than 50 countries. Addepar is the platform of choice for single-family offices, RIAs, large banks, institutional asset owners and alternative fund managers. With hundreds of thousands of users worldwide, Addepar has become a leader in wealth and investment management technology and data, and delivers outsized value specifically in times of market volatility.

“This investment round reflects the deep trust our investors have in our mission, and the exceptional value we consistently deliver to our clients,” said Eric Poirier, Chief Executive Officer at Addepar. “Since day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, precise data, and actionable insights—essential tools for achieving extraordinary outcomes in today’s rapidly evolving financial landscape. This funding aims to reward everyone who has contributed to our mission during our first 15 years, and reinforces our commitment to empowering the world’s leading firms with deep and lasting innovation. It ensures that our clients are empowered with the right technology, data and tools to navigate the full range of market conditions with confidence.”

Addepar continues to invest over $100 million annually in research and development and is on track to achieve profitability in 2025. The proceeds from its Series G financing will primarily be used to provide liquidity to employees and other investors through a tender offer, allowing them to realize the value of their contributions. In addition, it will further accelerate investments in innovation and client capabilities, enabling firms to differentiate themselves in an increasingly competitive market. Addepar continues to deliver exceptional client satisfaction and retention, strong revenue growth, and rapid product innovation at scale.

“Addepar has established itself as a category leader in investment technology with a strong track record of innovation and measurable global impact,” said Luuk Remmen, Partner at Vitruvian Partners. “We’re proud to bring more than capital to this partnership—offering strategic insight to help accelerate Addepar’s next phase of global growth and extend its transformative solutions to more investment professionals worldwide.”

“We’re proud to deepen our partnership with Addepar as they push the boundaries of innovation across the wealth management ecosystem, providing essential solutions for today’s investment managers,” said Jaime Hildreth, Partner at WestCap and Addepar board member. “We recognized Eric and the Addepar team’s vision from the outset and will continue to work alongside their team to build, scale, and pioneer the future of investment management.”

Born in response to the 2008 global financial crisis, Addepar has maintained an unwavering focus on empowering investment professionals with the best data, technology and insights. In doing so, it has set a new standard for the world’s leading wealth managers and investors.

“Addepar is building the global operating system for investment professionals—connecting data, insight, and action in one powerful platform,” said Joe Lonsdale, General Partner at 8VC and Addepar’s Co-founder and Chairman of the Board. “This milestone reflects the market’s belief in that vision and the strength of the team driving it. As Addepar expands its global reach, it’s redefining how capital is managed and decisions are made across the investment ecosystem.”

Today, amid significant market turbulence and economic uncertainty, Addepar is uniquely positioned to double down on innovation—expanding its platform to help clients navigate volatility, manage risk, and deliver differentiated value to their own clients with greater speed, accuracy, and insight. As the company continues to grow, it remains deeply committed to driving meaningful, long-term impact across global markets by empowering firms to act with greater clarity and confidence.

About Addepar
Addepar is a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients. Hundreds of thousands of users have entrusted Addepar to empower smarter investment decisions and better advice over the last decade. With client presence in more than 50 countries, Addepar’s platform aggregates portfolio, market and client data for more than $7 trillion in assets. Addepar’s open platform integrates with more than 100 software, data and services partners to deliver a complete solution for a wide range of firms and use cases. Addepar embraces a global flexible workforce model with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Edinburgh, Pune and Dubai.

About Vitruvian Partners
Vitruvian Partners is a global growth-focused investor with offices across London, Stockholm, Munich, Madrid, Luxembourg, Mumbai, Singapore, Shanghai, Miami, and San Francisco. Vitruvian focuses on dynamic situations characterized by rapid growth and change across asset-light industries. Vitruvian has over $20 billion of active funds which have backed many global winners and leaders in their sectors, including Wise, Marqeta, CFC, Global-e, Darktrace, Just Eat, and Skyscanner. Further information can be found at www.vitruvianpartners.com

About WestCap
WestCap is a strategic operating and investing firm that partners with visionary leaders to build generational businesses. Our team is comprised of seasoned industry leaders and entrepreneurs who guide companies through the most pivotal stages of growth. Some of our notable investments include Airbnb, StubHub, Ipreo, Addepar, Hopper, iCapital, SIMON, and GoodLeap. The firm has offices in New York, San Francisco and London. For more information, please visit www.westcap.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/addepar-raises-230-million-at-3-25-billion-valuation-in-series-g-investment-round-302453178.html

SOURCE Addepar

Continue Reading

Technology

Antaisolar Showcases Full-Scenario PV Mounting Solutions at Intersolar Europe 2025, Secures 120MW Distribution Contract

Published

on

By

MUNICH, May 13, 2025 /PRNewswire/ — May 7-9, Antaisolar participated in Intersolar Europe 2025, presenting its distinctive brand identity and comprehensive photovoltaic (PV) mounting solutions tailored for the European market. The showcase included smart tracking systems, distributed rooftop solutions, carports, and ground-mounted structures.

As a key global PV market, Europe is projected to see demand reach a hundred-gigawatt scale in 2025. Different regions exhibit diverse requirements shaped by geography, industrial structures, and energy policies—ranging from large-scale ground-mounted power plants to commercial/industrial rooftops, and emerging applications in innovative scenarios. Antaisolar has keenly identified these nuances, developing specialized solutions such as the TAI-Space multi-rotation single-axis 1P independent tracking system for utility-scale projects, the MetaRoof series for rooftop installations, four-pillar PV carports, and integrated fence/balcony systems. Antaisolar highlighted its next-generation solar roof designing platform – SolarAid, dedicated to simplifying the design and quoting process of rooftop PV projects for both end-users and distributors.

The company’s ability to deliver market-specific solutions stems from its robust localized support framework. Anchored by its R&D center in Spain and subsidiary in the Netherlands, Antaisolar provides localized design services, rapid delivery, and comprehensive operation/maintenance support—ensuring products align seamlessly with regional regulatory requirements, climatic conditions, and market expectations across Europe.

During Intersolar Europe 2025, Antaisolar further strengthened its European footprint by signing a 120MW distribution agreement with French distributor Sunliberty, underscoring Antaisolar’s growing influence in the region. With Europe’s energy transition accelerating, the PV market’s potential is set to expand further. Antaisolar is poised to leverage its all scenario mounting solutions and SolarAid intelligent system to offer European customers more efficient, reliable, and cost-effective choices, driving the continent’s shift toward sustainable energy.

About Antaisolar:

Antaisolar, expert in digital intelligent PV mounting system solutions, is a pioneer in renewable energy solutions specializing in structure and automation control. It ranks among the top 500 global new energy companies and is one of the top ten tracking system brands worldwide.As of 2024, the company’s cumulative global shipment has reached 41.7GW, with leading positions in markets such as Japan, Australia, and Southeast Asia.

Learn More: antaisolar.com

SOURCE Antaisolar

Continue Reading

Technology

Oracle and Entanglement Partner to Deliver Advanced Security to Governments and Enterprises

Published

on

By

AUSTIN, Texas, May 13, 2025 /PRNewswire/ — Oracle and seQure, an Entanglement company and Oracle partner, today announced that governments and enterprises can deploy Ground-Truth on Oracle Cloud Infrastructure (OCI). Ground-Truth is a cybersecurity and data observability service that helps automate the detection of threats and vulnerabilities and can reduce event alerts by 90 percent. Previously only available on-premises, Ground-Truth is now available across Oracle’s distributed cloud including public, government, sovereign, and dedicated regions.

By joining Oracle’s defense ecosystem, seQure can empower customers to deploy advanced, AI-driven threat detection while addressing data residency requirements. This helps customers maintain operational agility in complex environments, address regulatory, security, and performance requirements, and get the full benefits of the cloud and sovereign AI.

Reducing false alarms with greater speed and accuracy
Ground-Truth is a zero-trust enterprise continuous monitoring platform that can deliver higher speed, accuracy, and scalability for detecting unknown cyber threats and anomalies. It leverages quantum-inspired algorithms, AI, machine learning, and high-performance computing to deliver real-time threat detection and anomaly identification. This helps customers reduce operational costs and false positives compared to traditional rule-based methods.

“Deploying Ground-Truth on OCI enables seQure to scale and bring its advanced threat detection capabilities to even more governments and enterprises,” said Rand Waldron, vice president, Oracle. “This partnership helps our combined customers identify unknown cyber threats and anomalies faster and more accurately. In addition, it enables customers to benefit from OCI’s built-in security, leading performance, and flexibility.”

Deploying Ground-Truth on OCI enables customers to gain access to:

Automated detection of novel threats and vulnerabilities in under one second.AI-powered operations without rules, leveraging diverse models.Streamlined API-driven integration with existing security stacks spanning corporate networks, Internet of Things, supervisory control and data acquisition, and other operational technology environments.Continuous adaptation to evolving environments through unsupervised learning techniques.High-capacity data processing (up to 20TB of data per day) with speeds up to 1000x faster.Ultra-low false positive rates (<9.9 percent for corporate networks, <3 percent for IoT/SCADA/OT systems).

“Ground-Truth’s AI provides fidelity in threat detection with minimal false positives for both Network and Cyber Security applications,” said Jason Turner, chairman and CEO, Entanglement. “OCI’s high-performance infrastructure and scaling was essential for deploying this solution and enabling us to provide our customers with the benefits of automated scaling, robust security features, and predictable pricing.”

About Oracle’s Partner Program
Oracle’s partner program helps Oracle, and its partners drive joint customer success and business momentum. The newly enhanced program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit https://www.oracle.com/partner/.

About Entanglement
Entanglement is a next generation computing and AI company powered by a team of world-renowned scientists, researchers, mathematicians, and engineers. By fusing quantum-inspired algorithms, combinatorial optimization, machine learning, AGI, and advanced computing platforms, the company delivers secure, high- performance solutions with unrivaled speed, accuracy, and scalability. For more information, visit www.entanglement.ai

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.  

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/oracle-and-entanglement-partner-to-deliver-advanced-security-to-governments-and-enterprises-302453254.html

SOURCE Oracle

Continue Reading

Trending