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Quhuo Reports Unaudited Financial Results for the First Half of 2024

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BEIJING, Aug. 28, 2024 /PRNewswire/ — Quhuo Limited (NASDAQ: QH) (“Quhuo,” the “Company,” “we” or “our”), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months ended June 30, 2024.

Financial and Operational Highlights for the First Half of 2024 

Revenues from mobility service solutions were RMB 100.5 million (US$13.8 million), representing an increase of 71.7% year-over-year.General and administrative expenses were RMB70.9 million (US$9.8 million), representing a decrease of 13.2% year-over-year.Quhuo International has signed service contracts for over 3,000 units of vehicles under its vehicle export solutions, of which 815 units have been shipped in the first half of 2024.The Company has expanded services to 132 cities nationwide, representing a year-over-year increase from 119 cities in the first half of 2023.

Mr. Leslie Yu, Chairman and CEO of Quhuo, stated, “We are pleased to conclude that in the first half of 2024, our business growth remained strong, led by a 71.7% increase in revenue from our mobility solution. While the first quarter was impacted by seasonal factors, the second quarter saw a strong rebound, with profitability exceeding last year’s levels. We also made significant strides in operational efficiency, highlighted by a reduction in general and administrative expenses.

In response to global market trends and domestic policy shifts, our vehicle export solutions have experienced strong growth, quickly becoming a key driver of our overall expansion. Meanwhile, our housekeeping services and others have also shown consistent progress, steadily expanding market reach and further solidifying our presence in the market. Together, these developments are propelling us forward as we continue to adapt and grow.

Looking forward, we aim to further advance our housekeeping services within China, with upcoming partnerships with leading long-term rental platforms. We also see considerable growth potential in our vehicle export business, with expectations for increased revenue and shipments. With a strategic focus on global expansion, we are advancing our overseas technology initiatives, with on-demand delivery and ride-hailing services currently being piloted in select international cities. Through these developments, we aim to create greater commercial and social value.”

Unaudited Financial Results of the First Half of 2024 Compared to the First Half of 2023

Total revenues decreased by 6.7% from RMB1,736.3 million in the six months ended June 30, 2023 to RMB1,619.9 million (US$222.9 million) in the six months ended June 30, 2024 due to the following reasons.

Revenues from on-demand delivery solutions were RMB1,499.1 million (US$206.3 million), representing a slight decrease of 9.1% from RMB1,649.6 million in the six months ended June 30, 2023, primarily because we optimized our business by disposing several inferior business districts, which leads to a decrease in revenue scale.Revenues from mobility service solutions, consisting of shared-bike maintenance, ride-hailing and vehicle export solutions, were RMB100.5 million (US$13.8 million), representing a remarkable increase of 71.7% from RMB58.5 million in the six months ended June 30, 2023, primarily due to the growth of our vehicle export solutions, which generated revenue of RMB58.6 million.Revenues from housekeeping and accommodation solutions and other services were RMB20.4 million (US$2.8 million), representing a decrease of 27.8% from RMB28.2 million in the six months ended June 30, 2023, primarily due to the transition of business model in hotel service.

Cost of revenues was RMB1,595.2 million (US$219.5 million), representing a decrease of 4.5% year-over-year, primarily attributable to the decreases in our labor cost and service fees paid to team leaders, in line with the decrease in revenue from on-demand delivery solutions.

General and administrative expenses were RMB70.9 million (US$9.8 million), representing a decrease of 13.2% from RMB81.6 million in the six months ended June 30, 2023, primarily due to the decreases in (1) professional service fees from RMB22.2 million in the first half of 2023 to RMB14.5 million (US$2.0 million) in the first half of 2024, (2) welfare and business development expenses and office expenses from RMB17.3 million in the first half of 2023 to RMB12.4 million (US$1.7 million) in the first half of 2024, and (3) share-based compensation expenses from RMB3.9 million in the first half of 2023 to nil in the first half of 2024. All of the above are owing to our expense control through technological optimization.

Research and development expenses were RMB4.9 million (US$0.7 million), representing a decrease of 25.7% from RMB6.6 million in the six months ended June 30, 2023, primarily due to the decrease in the average compensation level for our research and development personnel as we restructured our R&D team.

We recorded gain on disposal of assets, net of RMB8.9 million and RMB7.0 million (US$1.0 million) in the six months ended June 30, 2023 and 2024, respectively, primarily due to the transfer of certain customer relationships related to our on-demand delivery solutions to third parties.

Our interest income was RMB0.7 million and RMB0.3 million (US$36,000) in the six months ended June 30, 2023 and 2024, respectively, primarily relating to our bank deposits and structured notes.

Our interest expense remained stable at RMB2.3 million (US$0.3 million) for both the six months ended June 30, 2023 and 2024, respectively, primarily relating to the stability in our average short-term bank borrowings.

We recorded other loss, net, of RMB3.1 million (US$0.4 million) in the six months ended June 30, 2024, compared to other income, net, of RMB6.0 million in the six months ended June 30, 2023, primarily due to the decrease in fair value change of investment in a mutual fund.

We recorded income tax benefit of RMB2.6 million (US$0.4 million) in the six months ended June 30, 2024, as compared to income tax benefit of RMB2.4 million in the six months ended June 30, 2023, primarily due to the increase in deferred tax asset benefit.

As a result of the foregoing, we had net loss of RMB5.7 million and RMB46.5 million (US$6.4 million) in the six months ended June 30, 2023 and 2024, respectively.

Adjusted net loss was RMB46.5 million (US$6.4 million), as compared to adjusted net loss of RMB1.8 million in the first half of 2023.(1)

Adjusted EBITDA loss was RMB34.8 million (US$4.8 million), as compared to adjusted EBITDA of RMB11.1 million in the first half of 2023.(1)

(1)   See “Use of Non-GAAP Financial Measures.”

CONFERENCE CALL 

Quhuo will hold a conference call on Wednesday, August 28, 2024 at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the financial results.

Dial-in details for the earnings conference call are as follows:

PARTICIPANT DIAL IN (TOLL FREE):

1-888-346-8982

PARTICIPANT INTERNATIONAL DIAL IN:

1-412-902-4272

Hong Kong Toll Free:

800-905945

Hong Kong-Local Toll:

852-301-84992

Mainland China Toll Free:

4001-201203

Conference ID:

QUHUO

Please dial in ten minutes before the call is scheduled to begin and provide the conference ID to join the call.

A replay of the conference call may be accessed by phone at the following numbers until September 04, 2024:

US Toll Free:

1-877-344-7529

International Toll:

1-412-317-0088

Canada Toll Free:

855-669-9658

Replay Access Code:

2435048

Additionally, a live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.quhuo.cn/.

USE OF NON-GAAP FINANCIAL MEASURES

Quhuo has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP).

Quhuo uses adjusted net income/(loss) and adjusted EBITDA, which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes. Adjusted net income/(loss) represents net income/(loss) before share-based compensation expenses. Adjusted EBITDA represents adjusted net income/(loss) before income tax benefit/(expense), amortization, depreciation and interest. Quhuo believes that these non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the effect of share-based compensation expenses, income tax benefits or expenses, amortization, depreciation and interest. Quhuo believes that such non-GAAP financial measures also provide useful information about its operating results, enhance the overall understanding of its past performance and prospects and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. They should not be considered in isolation or construed as alternatives to net loss or any other performance measures or as an indicator of Quhuo’s operating performance. Further, these non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Quhuo encourages investors and others to review the Company’s financial information in its entirety and not rely on a single financial measure. Investors are encouraged to compare the historical non-GAAP financial measures with the most directly comparable GAAP measures. Quhuo mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating its performance. The following table sets forth a reconciliation of our net loss to adjusted net loss and adjusted EBITDA, respectively.

QUHUO LIMITED

Reconciliation of GAAP and Non-GAAP Results

For the Six Months Ended

June 30, 2023

June 30, 2024

June 30, 2024

(RMB)

(RMB)

(US$)

(in thousands)

Net loss

(5,690)

(46,515)

(6,401)

Add: Share-based Compensation

3,853

–

–

Adjusted net loss

(1,837)

(46,515)

(6,401)

Add:

Income tax benefit

(2,395)

(2,622)

(361)

Depreciation

2,927

2,676

368

Amortization

10,128

9,385

1,291

Interest

2,323

2,301

317

Adjusted EBITDA

11,146

(34,775)

(4,786)

 

EXCHANGE RATE INFORMATION

This press release contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for readers’ convenience. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2672 to US$1.00, the rate in effect as of June 28, 2024 as set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

ABOUT QUHUO LIMITED

Quhuo Limited (NASDAQ: QH) (“Quhuo” or the “Company”) is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth.

SAFE HARBOR STATEMENT

This press release contains ”forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding Quhuo’s business development, financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on Quhuo’s current expectations and involve risks and uncertainties. Quhuo’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties related to Quhuo’s abilities to (1) manage its growth and expand its operations, (2) address any or all of the risks and challenges in the future in light of its limited operating history and evolving business portfolios, (3) remain its competitive position in the on-demand food delivery market or further diversify its solution offerings and customer portfolio, (4) maintain relationships with major customers and to find replacement customers on commercially desirable terms or in a timely manner or at all, (5) maintain relationship with existing industry customers or attract new customers, (6) attract, retain and manage workers on its platform, and (7) maintain its market shares to competitors in existing markets and its success in expansion into new markets. Other risks and uncertainties are included under the caption “Risk Factors” and elsewhere in the Company’s filings with the Securities and Exchange Commission, including, without limitation, the Company’s latest annual report on Form 20-F. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Quhuo undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information about Quhuo, please visit https://ir.quhuo.cn/.

 

 

QUHUO LIMITED

 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 (Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”), except for number of shares and per share

data) 

As of December 31,

2023

As of June 30,

2024

As of June 30,

2024

(RMB)

(RMB)

(US$)

Assets

Current assets

Cash

45,185

39,930

5,495

Restricted cash

1,271

914

126

Short-term investments

68,378

64,014

8,809

Accounts receivable, net

475,992

443,105

60,973

Prepayments and other current

assets

108,354

115,849

15,940

Amounts due from related party

253

–

–

Total current assets

699,433

663,812

91,343

Property and equipment, net

14,635

11,869

1,633

Right-of-use assets, net

6,217

8,048

1,107

Intangible assets, net

82,818

69,248

9,529

Goodwill

65,481

65,481

9,010

Deferred tax assets

21,968

24,607

3,386

Other non-current assets

141,384

138,209

19,018

Total non-current assets

332,503

317,462

43,683

Total assets

1,031,936

981,274

135,026

Liabilities, non-controlling interests

and shareholders’ equity

Current liabilities

Accounts payables

254,099

249,280

34,302

Accrued expenses and other

current liabilities

108,132

61,972

8,528

Short-term debt

92,653

104,195

14,338

Short-term lease liabilities

3,906

3,942

542

Amounts due to related party

–

2,430

334

Total current liabilities

458,790

421,819

58,044

Long-term debt

7,533

6,147

846

Long-term lease liabilities

1,434

3,433

472

Deferred tax liabilities

4,689

2,467

339

Other non-current liabilities

54,212

72,554

9,984

Total non-current liabilities

67,868

84,601

11,641

Total liabilities

526,658

506,420

69,685

 

 

QUHUO LIMITED

 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 As of December 31,

2023 

 As of June 30,

2024 

 As of June 30,

2024 

 (RMB)

 (RMB)

 (US$)

Shareholders’ equity

Ordinary shares

43

46

6

Additional paid-in capital

1,885,142

1,899,380

261,363

Statutory reserve

–

14,994

2,063

Accumulated deficit

(1,376,530)

(1,444,059)

(198,709)

Accumulated other comprehensive

loss

(2,466)

(616)

(85)

Total Quhuo Limited shareholders’

equity

506,189

469,745

64,638

Non-controlling interests

(911)

5,109

703

Total shareholders’ equity

505,278

474,854

65,341

Total liabilities and shareholders’

equity

1,031,936

981,274

135,026

 

 

QUHUO LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”), except for number of shares and per share data)

For the Six Months Ended

June 30, 2023

June 30, 2024

June 30, 2024

 (RMB)

 (RMB)

 (US$)

Revenues

1,736,317

1,619,938

222,911

Cost of revenues

(1,669,515)

(1,595,192)

(219,506)

General and administrative

(81,611)

(70,868)

(9,752)

Research and development

(6,645)

(4,939)

(680)

Gain on disposal of assets, net

8,916

7,022

966

Operating loss

(12,538)

(44,039)

(6,061)

Interest income

742

258

36

Interest expense

(2,323)

(2,301)

(317)

Other income/(loss), net

6,034

(3,055)

(420)

Loss before income tax

(8,085)

(49,137)

(6,762)

Income tax benefit

2,395

2,622

361

Net loss

(5,690)

(46,515)

(6,401)

Net income attributable to non-

controlling interests

(3,958)

(6,020)

(828)

Net loss attributable to ordinary

shareholders of the Quhuo limited

(9,648)

(52,535)

(7,229)

Non-GAAP Financial Data

Adjusted net loss

(1,837)

(46,515)

(6,401)

Adjusted EBITDA

11,146

(34,775)

(4,786)

Loss per share for class A and class B ordinary shares

Basic

(0.17)

(0.63)

(0.09)

Diluted

(0.17)

(0.63)

(0.09)

Shares used in loss per share computation:

Basic

56,441,811

83,289,067

83,289,067

Diluted

56,441,811

83,289,067

83,289,067

 

 

View original content:https://www.prnewswire.com/news-releases/quhuo-reports-unaudited-financial-results-for-the-first-half-of-2024-302232648.html

SOURCE Quhuo Limited

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SPTel Receives Frost & Sullivan’s 2026 Singapore Company of the Year Recognition for Leadership in Quantum-Safe Network Services

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July 21, 2026

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Recognized for pioneering commercial quantum-safe communications through innovation, national-scale infrastructure, and customer-centric cybersecurity solutions.

SAN ANTONIO, July 21, 2026 /PRNewswire/ — Frost & Sullivan is pleased to announce that SPTel has received the 2026 Singapore Company of the Year Recognition in the quantum-safe network service provider industry for its outstanding achievements in innovation, strategic execution, and customer impact. The recognition highlights SPTel’s leadership in advancing quantum-safe communications, strengthening Singapore’s digital resilience, and delivering customer-centric cybersecurity solutions for regulated and mission-critical industries.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. SPTel excelled in both, demonstrating its ability to align strategic initiatives with evolving cybersecurity requirements while delivering scalable, commercial-grade quantum-safe network services. “SPTel has demonstrated strong progress over the past year in translating quantum-safe innovation into tangible commercial success. Through the successful rollout of production-grade deployments with government agencies and regulated enterprises in Singapore, the company is not only validating the real-world viability of quantum-safe networks but also establishing itself as a trusted partner for mission-critical cybersecurity. The ability to move from concept to commercial adoption clearly differentiates SPTel in Singapore’s evolving quantum-secure communications landscape,” said Kenny Yeo, Director – ICT at Frost & Sullivan.

Guided by a long-term growth strategy focused on post-quantum cybersecurity, national digital resilience, and ecosystem collaboration, SPTel has demonstrated its ability to lead in a rapidly evolving security landscape. As an Infocomm Media Development Authority (IMDA)-appointed operator of the National Quantum-Safe Network Plus (NQSN+), the company is establishing Singapore’s quantum-secure communications backbone while enabling organizations to prepare for future cryptographic threats.

Innovation remains central to SPTel’s approach. Its portfolio of quantum-safe network services integrates quantum key distribution (QKD), post-quantum cryptography (PQC), managed connectivity, encryption, key management, and continuous monitoring into a unified service framework. This enables organizations to adopt quantum-safe communications with greater operational simplicity, scalability, and security assurance.

“We are deeply honoured by this recognition. It reinforces SPTel’s leadership and contributions to shaping the future of secure digital infrastructure. As the threat of quantum computers is fast becoming a reality, the time to act is now. Our mission is to help enterprises turn quantum-safe strategies from theoretical concepts into practical, operational capabilities. Through our accomplishments in real-world deployments with leading institutions of Singapore, we are proving that a quantum-resilient future is not only achievable—it is already within reach,” said Ernest Lee CEO at SPTel.

SPTel’s unwavering commitment to customer experience strengthens its market leadership. Through fully managed services, proactive monitoring, local engineering expertise, and a single point of accountability across the service lifecycle, the company helps customers reduce complexity while improving security readiness. Its success in supporting critical infrastructure operators, financial institutions, and government agencies demonstrates its ability to deliver long-term value in highly regulated environments.

Frost & Sullivan commends SPTel for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first culture are shaping the future of quantum-safe communications while enabling organizations to confidently navigate the transition to a post-quantum world.

Each year, Frost & Sullivan presents the Company of the Year Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition honors forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com 

About SPTel
SPTel uses unique fibre pathways laid alongside the power network cables to deliver resilient, business class digital services. As a leading provider of next-generation telecommunications and digital solutions SPTel places a strong focus on security, innovation and reliability. This enables SPTel to deliver secure and scalable connectivity, edge cloud, IoT-as-a-Service, Quantum-Safe Networking and managed security solutions to businesses, government agencies, and service providers. SPTel is committed to driving digital transformation by providing cutting-edge technologies and exceptional customer experiences.

For more information, please visit www.sptel.com.

Contact:
Lim Yi Xuan
E: yixuan.lim@sptel.com 

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B&R Technology Merger Corp. Announces Pricing of $325 Million Initial Public Offering

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July 21, 2026

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NEW YORK, July 21, 2026 /PRNewswire/ — B&R Technology Merger Corp. (the “Company”) announced the pricing of its initial public offering of 32,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “BRTMU” commencing on July 21, 2026. Each unit consists of one Class A ordinary share of the Company and one-third of one warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols ” BRTM” and ” BRTMW,” respectively.

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup Global Markets Inc. (“Citigroup”) is acting as sole bookrunner and representative of the underwriters. The Company has granted the underwriters a 45-day option to purchase up to 4,875,000 additional units at the initial public offering price to cover over-allotments, if any.

This offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146.

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

CONTACT: David York, Clark Callander, Steve Fletcher, B&R Technology Merger Corp., info@bandrtechnology.com

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SOURCE B&R Technology Merger Corp.

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InfoComm Asia 2026 Connects 3,800 Commercial Organisations Across Record 77 Countries, Cementing Its Role as Asia’s High-Value Professional AV Platform

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July 21, 2026

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BANGKOK, July 21, 2026 /PRNewswire/ — InfoComm Asia 2026 successfully concluded after three days of business networking, technology innovation and knowledge exchange, bringing together the region’s most influential Pro AV minds, technology innovators and highest-value buyers, reinforcing its position as Asia’s industry-defining tradeshow and Super Connector event for the Professional Audiovisual (Pro AV) and Integrated Experience community.

Held at Bangkok’s Queen Sirikit National Convention Center (QSNCC) from 15-17 July, the sixth edition welcomed 6,638 professional attendees from 77 countries and regions, including 44.2% overseas visitors. More than half of titled visitors held manager-level authority or above, with, one in three at director level or above, reflecting at commercially relevant, as final decision-capable or key influencing audience responsible for technology investments across enterprise, education, government, healthcare, hospitality, retail, broadcast and live events. Across the three-day show, InfoComm Asia 2026 connected exhibitors with representatives from approximately 3,800 distinct commercial organisations spanning enterprise, government, education, healthcare and integrator channels — reinforcing the show’s position as Asia’s widest-reach platform for Professional AV business development. Among enterprise end users, more than one in eight held C-suite positions, with over a third at senior management level or above. Further reinforcing the show’s business value, InfoComm Asia’s specially curated Invited Guest Program brought together 60+ senior technology buyers from 12 countries, collectively representing nearly US$73 million in approved procurement budgets for projects scheduled over the next 12 to 18 months.  

The show’s opening session welcomed representatives from Thailand National Innovation Agency (NIA), the Thailand Association for Educational Communications and Technology, and the Thailand Convention and Exhibition Bureau (TCEB), whose support underscored the show’s standing across Thailand’s innovation, education and MICE communities. They were joined by technology leaders and visionaries from across the region, including AVI-SPL, Shen Milsom & Wilke, LANG AG, ESCO Group, Singapore AI Association, Association for Audiovisual & Educational Technology Management Australia, Ho Chi Minh City Digital Transformation Center, Hochiminh Computer Association and more – all attending to evaluate emerging technologies, meet solution providers and explore new business opportunities.

Artificial Intelligence emerged as the defining theme of this year’s exhibition, with exhibitors demonstrating how AI-enabled technologies are transforming workplaces, communications and digital experiences. From intelligent collaboration platforms and next-generation conferencing solutions to advanced LED displays, workplace automation and immersive environments, visitors experienced first-hand how innovation is redefining the future of Professional AV across every industry.

Asia’s Launch Platform for Professional AV Innovation

InfoComm Asia 2026 featured more than 20 global and Asia-Pacific product launches, reinforcing its position as one of the region’s leading launch platforms for emerging Professional AV technologies.

Leading manufacturers including aegis Multimedia, Aimicot, Audio-Technica, Bose Professional, WyreStorm Technologies, Colorlight, IQBoard, Lumens, Newline, Rocware, Yamaha, Yealink and many others introduced AI-enabled solutions spanning enterprise collaboration, education, digital signage, broadcast, control rooms, unified communications and intelligent workplace environments.

The breadth of innovation on display reflected the rapid evolution of Professional AV, with intelligent automation, machine learning and connected technologies increasingly embedded across solutions designed to enhance productivity, communication, operational efficiency and customer engagement.

A Hub for High-Value Business

The show’s curated Invited Guest Program once again connected exhibitors directly with senior buyers actively planning technology investments.

60+ pre-qualified buyers from 12 countries with approved project budgets scheduled for implementation over the next 12 to 18 months across enterprise, education, government, healthcare, hospitality, broadcast and live entertainment.

Throughout the three-day exhibition, participants completed 700 scheduled business matching meetings, creating valuable commercial opportunities for exhibitors while enabling buyers to efficiently evaluate the latest Professional AV and integrated experience solutions.

“DMT Smarthome in Vietnam provides AV solutions and smart home solutions. Nowadays people care about smart convenience, so they choose automation. I’m looking for new technologies at InfoComm Asia 2026 such as loudspeakers and audio with new technologies and high performance. I spoke with many companies like AUDAC, Powersoft, and Bose that have many new technologies and releases I am excited about. I think InfoComm Asia is amazing and I have learned a lot. I cannot forget this experience.”

– Trung Le, Technical Sales Engineer, DMT Smart Home (invited Guest, Vietnam)

“As part of my role, I look at new technologies and solve our business problems with these new technologies. We’re a broad operation running not just mines but also a township and look at meeting rooms across the organization as well as townhalls wider scale events. As my third visit to InfoComm Asia, it is more about keeping up with the technologies and trends including LED wall spaces, audio transmission, AV over IP, and command and control centers. There’re always interesting things to see and new people to meet – many whom have become my vendors.  

– David Rowcliff, OK Tedi Mining Limited (Invited Guest, Australia)

“I represent Drukcom Private Ltd – an AV systems integrator in Bhutan.  I provide AV integration for smart cities and smart classrooms. Technology is growing in Bhutan and I see many things we still need to adopt after visiting InfoComm Asia such as solutions for smart cameras, smart audio systems which are new to us. We have met up with a number of companies whom we would like to follow up with for our upcoming projects. InfoComm Asia would be a very good learning experience for the people in my country.“

– Sonam Kesang, Drukcom Private Ltd. (Invited Guest, Bhutan)

Learning from Global Industry Leaders

Complementing the exhibition, the InfoComm Asia Summit once again delivered one of Asia’s most comprehensive Professional AV education programmes. Featuring 37 conference sessions presented by 60 international speakers, the Summit attracted 1664 total attendance, representing 25% of total show audience. Sessions saw strong engagement, particularly in tracks exploring artificial intelligence, workplace transformation, education technology, immersive experiences, broadcast innovation and integrated experience design.

Together, the Summit equipped executives, consultants, IT professionals and technology leaders with practical insights and real-world strategies for deploying AI-enabled and integrated technologies across their organisations.

Smart Workplace Experience Demonstrates the Office of Tomorrow

Making its debut this year, the Smart Workplace Experience became one of the exhibition’s standout features. Developed in partnership with UDD Technologies, the immersive showcase recreated a fully connected intelligent workplace where visitors experienced AI-enabled meeting rooms, workplace automation, unified communications, digital signage, smart controls and collaboration technologies operating seamlessly within realistic business environments.

Designed specifically for CIOs, IT managers, workplace strategists, facilities professionals and enterprise leaders, the experience demonstrated how integrated technologies can improve collaboration, optimise building operations and deliver more engaging, efficient workplaces.

Strengthening Asia’s Professional AV Community

Beyond showcasing technology innovation, InfoComm Asia continued to strengthen its role as the region’s meeting place for the global Professional AV community.

As AVIXA’s flagship gathering in Asia Pacific, the exhibition featured AVIXA Xchange LIVE, hosting fireside chats, panel discussions, community meetups and networking sessions throughout the event. Together with InfoComm Asia 101, Discovery Tours, technology-focused show floor tours and exhibitor demonstrations, these initiatives enabled professionals to exchange ideas, discover emerging trends and build meaningful business relationships.

InfoComm Asia 2026 also formalised three new Strategic Industry Partnerships during the show — with Ho Chi Minh Computer Association and AV Connect Vietnam, and with AETM, the Association for Audiovisual & Educational Technology Management Australia — extending the show’s collaborative framework across two of the region’s most active and fast-growing Pro AV markets.

The event reflected the continued growth of the Professional AV industry through the strong support of government agencies, technology organisations and industry associations, including Thailand’s National Innovation Agency (NIA), Digital Economy Promotion Agency (DEPA), Thailand Convention & Exhibition Bureau (TCEB), Thailand Professional Lighting Audio Visual Systems Association (TLAV), Thai IoT Association, Thailand Association for Educational Communications and Technology (THAI AECT), together with numerous regional partner organisations like Ho Chi Minh City Digital Transformation Center, Hochiminh Advertising Association, National Association Of Private Educational Institutions Malaysia  continue to expand InfoComm Asia’s reach across Asia Pacific.

Industry Response

“At Bose we deliver professional audio experiences for professional applications such as for our core vertical markets including hospitality, retail, sport venues, education and more. We are showcasing two of our new products at InfoComm Asia this year including our show time loudspeakers which are developed for entertainment applications so think about karaoke, live entertainment, and venues. Being here at InfoComm Asia is one of the many things we do to stay close to our customers. It is a great place to meet with our customers, engage with them and show them new products. InfoComm Asia is valuable in the sense that it is a central location meet your existing customer as well as discover new people and have them discover our products who may not be familiar with our products.”

– Hans Vereecken, Bose VP International Sales (Netherlands)

“We are a local Thai LED display company and a distributor. This year has been successful!  Yesterday alone we had over 100 visits to our booth and I think we will break that record this year. These are good quality meetings from the invited guest program and from many visitors.  Many of these people have decision making power and are looking for distributors and new products and new technologies so I think we are very fortunate to be in this event.”

– Jirawut Hengtragul, CFA, General Manager DEFG Co., Ltd. (Thailand)

“Uniview is a global AI IoT Solution Provider with over a decade of display expertise. The ultimate value we get at InfoComm Asia is the trust and connections it creates, proving our long-term commitment to the Pro AV community. On the first day of the show alone, more than 200 systems integrators visited our booth, all genuinely engaged and interested in our products.”

– Yang Li, Sales Director, Display & Control & Conference BU, Uniview (China)

“We are manufacturers of large scale and a large landscape of Professional AV products from India including solutions for audio, installations, network switches, and true sound. This is our first time exhibiting at InfoComm Asia and we are quite satisfied with the people and the target visitors. I love the visitors we are meeting from 70+ countries with more than 1,000 people come to our booth. It is awesome for us! I can imagine an even bigger show in Malaysia and we have already rebooked. See you there in Malaysia!”

– Hemal Bhatt, Hemona (N-Labs), (India)

Building on Asia’s Momentum

As organisations across Asia accelerate digital transformation, Professional AV has become essential infrastructure powering intelligent workplaces, hybrid collaboration, immersive learning, connected healthcare, smart retail, live events and digital public spaces. By bringing together the complete Pro AV ecosystem—including manufacturers, technology innovators, systems integrators, consultants, enterprise end users, government agencies and industry associations—InfoComm Asia has firmly established itself as Asia’s Super Connector for the Professional AV community, creating a platform where innovation, education, partnerships and business opportunities converge.

Building on this momentum, InfoComm Asia will enter its next chapter in Kuala Lumpur, Malaysia, from 28–30 July 2027 at the Malaysia International Trade and Exhibition Centre (MITEC). The move reflects Malaysia’s emergence as one of Southeast Asia’s fastest-growing digital economies and a strategic hub for artificial intelligence, digital infrastructure, smart technologies and data centre investment. Expanding into Malaysia enables InfoComm Asia to deepen its regional presence, broaden access to new markets and investment opportunities, and continue connecting Asia Pacific’s Pro AV community with the technologies and partnerships shaping the future of integrated experiences.

“We’re excited about the move to Malaysia, and we’ve already secured our space for the show. Being closer to Singapore gives us access to a different mix of partners and resellers, along with stronger visibility among end customers across the region. It’s an event we’re excited to being part of,” said Ekta Shetty, Senior Sales Director, Shure.

“Bangkok has been an extraordinary partner to this community, and bringing InfoComm Asia to Kuala Lumpur in 2027 is a declaration of our continued commitment to this region, extending our reach to even more of Asia Pacific’s Pro AV community. This industry is architecting the future of Asian enterprise, and we couldn’t be prouder to keep building it alongside this community.” said David Labuskes, CTS, CAE, RCDD, Chief Executive Officer, AVIXA.

About InfoComm Asia

InfoCommAsia Pte Ltd. extends its influence through three marquee shows: InfoComm Asia; InfoComm China, Beijing; and InfoComm India. Each show features an exhibition showcasing the world’s most cutting-edge and in-demand professional audiovisual and integrated experience technology solutions, alongside a summit presenting learning and networking opportunities. The shows bring together professional audiovisual industry players and top-level decision-makers from across the region to tap into the vast potential presented by Pro AV solutions.

About AVIXA

AVIXA® (the Audiovisual and Integrated Experience Association) is the international trade association representing the professional audiovisual and integrated experience industry. Founded in 1939 and now home to more than 3,000 enterprise members representing over 20,000 AV professionals across more than 80 countries, AVIXA is the industry’s leading resource for standards, certification, training, market intelligence and thought leadership. InfoComm Asia serves as AVIXA’s flagship gathering for its communities across the region.

For more information on exhibiting, sponsorship and collaboration, please visit infocomm-asia.com — infocomm-china.com — infocomm-india.com.

Media Contact

For media enquiries, please write to media@infocommasia.com or contact:

Angie Eng, Marketing Director
InfoCommAsia Pte Ltd
angieeng@infocommasia.com

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SOURCE InfoComm Asia

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