Technology

TENCENT ANNOUNCES 2024 ANNUAL AND FOURTH QUARTER RESULTS

Published

1 year ago

March 19, 2025

Achieved High Quality Revenue Growth with Sustained Operating Leverage

More Than Doubled Share Repurchase to Approximately HKD112bn

Stepping Up AI Investment for Growth

HONG KONG, March 19, 2025 /PRNewswire/ — Tencent Holdings Limited (HKEX: 00700 (HKD Counter) and 80700 (RMB Counter), “Tencent” or the “Company”), a world-leading Internet and technology company in China, today announced the audited consolidated results for the year ended 31 December 2024 (“FY2024”) and the unaudited consolidated results for the fourth quarter (“4Q2024”) ended 31 December 2024.

Mr. Ma Huateng, Chairman and CEO of Tencent, said, “Benefitting from AI-powered enhancements to our advertising platform, higher engagement in Video Accounts, and growth in our evergreen games, we achieved double digit revenue growth while sustaining continued operating leverage in the fourth quarter of 2024. Starting a few months ago, we have reorganised our AI teams to sharpen focus on both fast product innovation and deep model research, increased our AI-related capital expenditures, and increased our R&D and marketing efforts for our AI-native products. We believe these stepped-up investments will generate ongoing returns via uplifting productivity in our advertising business and longevity of our games, as well as longer term value from accelerated consumer usage of our AI applications and enterprise adoption of our AI services.”

FY2024 Financial Highlights

Revenues: +8% YoY, gross profit: +19% YoY, non-IFRS[1] operating profit: +24% YoY

Total revenues were RMB660.3 billion (USD91.9 billion[2]), up 8% over 2023.Gross profit was RMB349.2 billion (USD48.6 billion), up 19% YoY.On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:Operating profit was RMB237.8 billion (USD33.1 billion), up 24% YoY. Operating margin increased to 36% from 32% last year.Profit for the year was RMB 227.2 billion (USD31.6 billion), up 40% YoY.Profit attributable to equity holders of the Company for the year was RMB222.7 billion (USD31.0 billion), up 41% YoY.Basic earnings per share were RMB24.027. Diluted earnings per share were RMB23.505.On an IFRS basis:Operating profit was RMB208.1 billion (USD28.9 billion), up 30% YoY. Operating margin increased to 32% from 26% last year.Profit for the year was RMB196.5 billion (USD27.3 billion), up 66% YoY.Profit attributable to equity holders of the Company for the year was RMB194.1 billion (USD27.0 billion), up 68% YoY.Basic earnings per share were RMB 20.938. Diluted earnings per share were RMB20.486.Capital expenditure was RMB76.8 billion (USD10.7 billion), up 221% YoY.Total cash was RMB415.4 billion (USD57.8 billion) and free cash flow was RMB155.3 billion (USD21.6 billion), down 7% YoY. Net cash position totalled RMB76.8 billion (USD10.7 billion).Fair value of our shareholdings[3] in listed investee companies (excluding subsidiaries) totalled RMB569.8 billion (USD79.3 billion) and the carrying book value of our shareholdings in unlisted investee companies (excluding subsidiaries) was RMB335.6 billion (USD46.7 billion).During 2024, the Company repurchased approximately 307 million shares on the Hong Kong Stock Exchange for a consideration of approximately HKD112.0 billion.

[1] Non-IFRS adjustments excludes share-based compensation, M&A related impact such as net (gains)/losses from investee companies, amortisation of intangible assets, impairment provisions/(reversals), SSV & CPP, income tax effects and others

[2] Figures stated in USD are based on USD1 to RMB7.1884

[3] Including those held via special purpose vehicles, on an attributable basis

FY2024 Business Review and Outlook

Weixin strengthened its user engagement and transaction capabilities through the launch of Mini Shops, our platform for indexed and standardised merchandise.Video Accounts’ total user time spent grew rapidly year-on-year, benefitting from enhanced recommendation algorithms and more local content.Query volume rapidly increased in Weixin Search, benefitting from integrating AI capabilities which enhance the relevance and quality of search results.Tencent Video maintained its leading position in China’s long-form video market with 113 million[4] video subscribers. Tencent Music extended its industry leadership in China’s music streaming market with 121 million[5] music subscribers.We expanded our evergreen games portfolio[6] from 12 games in 2023 to 14 in 2024, while nurturing new games with evergreen potential.We upgraded our advertising technology platform by optimising advertisement ranking systems and adding LLM capabilities, driving higher click-through rates and advertiser spending.For FinTech services, we upgraded our risk controls and optimised payment funding costs.We rapidly iterated our HunYuan Foundation Model, deployed AI for internal use cases, and prepared for breakout growth in consumer adoption of AI, via the Yuanbao and Weixin applications.We delivered substantial shareholder returns in 2024 through payment of a cash dividend of HKD3.40 per share (equivalent to approximately HKD32 billion) and through share repurchase of approximately HKD112 billion.

As the capabilities and benefits of AI become clearer, we have stepped up our AI investments to meet our internal business needs, train foundation models and support surging demand for inference we are experiencing from our users. We intend to further increase our capital expenditures in 2025 and believe these AI investments will generate good economic returns and value. We also have the capacity and intention to continue returning capital to shareholders. For 2025, we propose to increase our annual dividend by 32%, to HKD4.50 per share[7] (equivalent to approximately HKD41 billion), and we intend to repurchase at least HKD80 billion worth of our shares.

[4] The average daily number of subscriptions for the fourth quarter of 2024

[5] The average number of subscriptions as of the last day of each month during the fourth quarter of 2024

[6] Evergreen games portfolio includes domestic and international games. Evergreen games refer to games surpassing average quarterly DAU of 5 million for mobile or 2 million for PC, and generating over RMB4 billion annual gross receipts

[7] For the year ended 31 December 2024; subject to shareholders’ approval at the 2025 AGM

FY2024 Sustainability Initiatives

Our digital philanthropy initiative connected with over 280 million users, over 2,200 charitable organisations, and over 20,000 enterprises, via Tencent Charity Platform, and upgraded Giving for Good campaign.Through our XPLORER PRIZE and New Cornerstone Investigator Program, we have provided funding to over 360 outstanding scientists, contributing to societal and economic development.We leveraged AI, game technology and Mini Programs to create an immersive digital experience of the Beijing Central Axis, assisting this historic landmark’s inclusion into the UNESCO World Heritage List.We enhanced our data centres’ energy efficiency and increased their adoption of renewable energy, progressing towards our goal of carbon neutrality.

4Q2024 Financial Highlights

Revenues: +11% YoY; gross profit: +17% YoY; non-IFRS operating profit: +21% YoY

Total revenues were RMB172.4 billion (USD24.0 billion), up 11% over the fourth quarter of 2023 (“YoY”).Gross profit was RMB90.7 billion (USD12.6 billion), up 17% YoY.On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items:Operating profit was RMB59.5 billion (USD8.3 billion), up 21% YoY. Operating margin increased to 34% from 32% last year.Profit for the period was RMB56.5 billion (USD7.9 billion), up 29% YoY.Profit attributable to equity holders of the Company for the quarter was RMB55.3 billion (USD7.7 billion), up 30% YoY.Basic earnings per share were RMB 6.032. Diluted earnings per share were RMB5.909.On an IFRS basis:Operating profit was RMB51.5 billion (USD7.2 billion), up 24% YoY. Operating margin increased to 30% from 27% last year.Profit for the period was RMB51.5 billion (USD7.2 billion), up 85% YoY.Profit attributable to equity holders of the Company for the quarter was RMB51.3 billion (USD7.1 billion), up 90% YoY.Basic earnings per share were RMB5.597. Diluted earnings per share were RMB5.485.Capital expenditure was RMB36.6 billion (USD5.1 billion), up 386% YoY

Operating Metrics

As at

31 December

2024

As at

31 December

2023

Year-

on-year

change

As at

30 September

2024

Quarter-on-
quarter

change

(in millions, unless specified)

Combined MAU of Weixin

and WeChat

1,385

1,343

3 %

1,382

0.2 %

Mobile device MAU of QQ

524

554

-5 %

562

-7 %

Fee-based VAS paying

subscriptions#

262

244

7 %

265

-1 %

# Adjusted to report the average daily number of subscriptions during the quarter, since the first quarter of 2024

4Q24 Management Discussion and Analysis

Revenues from VAS increased by 14% year-on-year to RMB79.0 billion for the fourth quarter of 2024 on. International Games revenues were RMB16.0 billion, reflecting a 15% year-on-year increase (16% increase on a constant currency basis), driven by robust performances from Brawl Stars and PUBG MOBILE, alongside the early access release of Path of Exile 2. Domestic Games revenues increased by 23% year-on-year to RMB33.2 billion, benefitting from: a low base in the prior year’s period; growth in revenue from major games such as Honour of Kings, Peacekeeper Elite and VALORANT; and contributions from recently released games DnF Mobile and Delta Force. Social Networks revenues rose by 6% year-on-year to RMB29.8 billion, primarily due to growth in app-based game virtual item sales, music subscription revenues and Mini Games platform service fees.

Revenues from Marketing Services[8] were RMB35.0 billion for the fourth quarter of 2024, up 17% year-on-year, driven by robust advertiser demand for Video Accounts, Mini Programs and Weixin Search inventories. Advertising spending rose across most major categories during the quarter.

Revenues from FinTech and Business Services increased by 3% year-on-year to RMB56.1 billion for the fourth quarter of 2024. FinTech Services revenue growth reflected higher revenues from wealth management services and consumer loan services, while commercial payment services revenue was broadly stable year-on-year. Higher Business Services revenues were driven by growth in eCommerce technology service fees and WeCom revenue.

[8] Starting third quarter of 2024, we have renamed this revenue segment from “Online Advertising” to “Marketing Services” to better represent the breadth of our marketing solutions and accompanying technology services across our online marketing properties

For other detailed disclosure, please refer to our website https://www.tencent.com/en-us/investors.html http://www.tencent.com/ir, or follow us via Weixin Official Account (Weixin ID: TencentGlobal).

About Tencent

Tencent uses technology to enrich the lives of Internet users.

Our communication and social services, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted marketing services helps advertisers reach out to hundreds of millions of consumers in China. Our FinTech and business services support partners’ business growth and assist their digital upgrade.

Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China, in 1998. Tencent has been listed on the Main Board of the Stock Exchange of Hong Kong since 2004.

Investor contact: IR@tencent.com
Media contact: GC@tencent.com

Non-IFRS Financial Measures

To supplement the consolidated results of the Group (“the Company and its subsidiaries”) prepared in accordance with IFRS, certain additional non-IFRS financial measures (in terms of operating profit, operating margin, profit for the period, profit attributable to equity holders of the Company, basic EPS and diluted EPS) have been presented in this press release. These unaudited non-IFRS financial measures should be considered in addition to, not as a substitute for, measures of the Group’s financial performance prepared in accordance with IFRS. In addition, these non-IFRS financial measures may be defined differently from similar terms used by other companies.

The Company’s management believes that the non-IFRS financial measures provide investors with useful supplementary information to assess the performance of the Group’s core operations by excluding certain non-cash items and certain impact of investment-related transactions. In addition, non-IFRS adjustments include relevant non-IFRS adjustments for the Group’s major associates based on available published financials of the relevant major associates, or estimates made by the Company’s management based on available information, certain expectations, assumptions and premises.

Forward-Looking Statements

This press release contains forward-looking statements relating to the business outlook, estimates of financial performance, forecast business plans and growth strategies of the Group. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realised in the future. Underlying these forward-looking statements are a lot of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements.

CONDENSED CONSOLIDATED INCOME STATEMENT

RMB in millions, unless specified

Unaudited

Audited

4Q2024

4Q2023

2024

2023

Revenues

172,446

155,196

660,257

609,015

VAS

79,022

69,079

319,168

298,375

Marketing Services

35,004

29,794

121,374

101,482

FinTech and Business Services

56,125

54,379

211,956

203,763

Others

2,295

1,944

7,759

5,395

Cost of revenues

(81,793)

(77,632)

(311,011)

(315,906)

Gross profit

90,653

77,564

349,246

293,109

Gross margin

53 %

50 %

53 %

48 %

Selling and marketing expenses

(10,285)

(10,971)

(36,388)

(34,211)

General and administrative expenses

(31,403)

(27,175)

(112,761)

(103,525)

Other gains/(losses), net

2,513

1,983

8,002

4,701

Operating profit

51,478

41,401

208,099

160,074

Operating margin

30 %

27 %

32 %

26 %

Net gains/(losses) from investments
and others

1,119

(6,730)

4,187

(6,090)

Interest income

3,910

3,917

16,004

13,808

Finance costs

(2,512)

(3,543)

(11,981)

(12,268)

Share of profit/(loss) of associates and
joint ventures, net

9,253

2,463

25,176

5,800

Profit before income tax

63,248

37,508

241,485

161,324

Income tax expense

(11,781)

(9,658)

(45,018)

(43,276)

Profit for the period

51,467

27,850

196,467

118,048

Attributable to:

Equity holders of the Company

51,324

27,025

194,073

115,216

Non-controlling interests

143

825

2,394

2,832

Non-IFRS operating profit

59,475

49,135

237,811

191,886

Non-IFRS profit attributable to equity
holders of the Company

55,312

42,681

222,703

157,688

Earnings per share for profit
attributable to equity holders of
the Company
(in RMB per share)

– basic

5.597

2.873

20.938

12.186

– diluted

5.485

2.807

20.486

11.887

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

RMB in millions, unless specified

Audited

2024

2023

Profit for the year

196,467

118,048

Other comprehensive income, net of tax:

Items that may be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

(492)

(176)

Transfer of share of other comprehensive income to profit or loss upon disposal
and deemed disposal of associates and joint ventures

(13)

(9)

Transfer to profit or loss upon disposal of financial assets at fair value through
other comprehensive income

–

Net gains from changes in fair value of financial assets at fair value through other
comprehensive income

Currency translation differences

(2,746)

13,328

Net movement in reserves for hedges

(2,618)

(3,581)

Items that will not be subsequently reclassified to profit or loss

Share of other comprehensive income of associates and joint ventures

(711)

(561)

Loss from changes in fair value of assets held for distribution

–

(29,991)

Net gains from changes in fair value of financial assets at fair value through
other comprehensive income

94,249

11,142

Currency translation differences

111

(1,077)

Net movement in reserves for hedges

–

87,875

(10,866)

Total comprehensive income for the year

284,342

107,182

Attributable to:

Equity holders of the Company

279,009

102,130

Non-controlling interests

5,333

5,052

OTHER FINANCIAL INFORMATION

RMB in millions, unless specified

Unaudited

Audited

4Q2024

4Q2023

3Q2024

2024

2023

EBITDA (a)

63,917

53,983

64,397

256,310

214,381

Adjusted EBITDA (a)

69,579

59,494

69,656

277,012

235,454

Adjusted EBITDA margin (b)

40 %

38 %

42 %

39 %

Interest and related expenses

3,340

3,015

3,145

12,447

11,885

Net cash/(debt)(c)

76,798

54,740

95,462

76,798

54,740

Capital expenditures (d)

36,578

7,524

17,094

76,760

23,893

Note:

(a) EBITDA is calculated as operating profit minus other gains/(losses), net, and adding back depreciation of property, plant and equipment,
investment properties as well as right-of-use assets, and amortisation of intangible assets and land use rights. Adjusted EBITDA is calculated as
EBITDA plus equity-settled share-based compensation expenses.

(b) Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues.

(c) Net cash/(debt) represents period end balance and is calculated as cash and cash equivalents, plus term deposits and others, including highly
liquid investment products held for treasury purpose, minus borrowings and notes payable.

(d) Capital expenditures primarily consist of investments in computer equipment and components, and other property, plant and equipment,
construction in progress, investment properties, land use rights, as well as certain intangible assets.

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

RMB in millions, unless specified

Audited

As at

31 December, 2024

As at

31 December, 2023

ASSETS

Non-current assets

Property, plant and equipment

80,185

53,232

Land use rights

23,117

17,179

Right-of-use assets

17,679

20,464

Construction in progress

12,302

13,583

Investment properties

801

570

Intangible assets

196,127

177,727

Investments in associates

290,343

253,696

Investments in joint ventures

7,072

7,969

Financial assets at fair value through profit or loss

204,999

211,145

Financial assets at fair value through other

comprehensive income

302,360

213,951

Prepayments, deposits and other assets

42,828

28,439

Other financial assets

1,076

2,527

Deferred income tax assets

28,325

29,017

Term deposits

77,601

29,301

1,284,815

1,058,800

Current assets

Inventories

440

456

Accounts receivable

48,203

46,606

Prepayments, deposits and other assets

101,044

88,411

Other financial assets

4,750

5,949

Financial assets at fair value through profit or loss

9,568

14,903

Financial assets at fair value through other

comprehensive income

3,345

–

Term deposits

192,977

185,983

Restricted cash

3,334

3,818

Cash and cash equivalents

132,519

172,320

496,180

518,446

Total assets

1,780,995

1,577,246

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

RMB in millions, unless specified

Audited

As at

31 December, 2024

As at

31 December, 2023

EQUITY

Equity attributable to equity holders of the Company

Share capital

–

Share premium

43,079

37,989

Treasury shares

(3,597)

(4,740)

Shares held for share award schemes

(5,093)

(5,350)

Other reserves

47,129

(33,219)

Retained earnings

892,030

813,911

973,548

808,591

Non-controlling interests

80,348

65,090

Total equity

1,053,896

873,681

LIABILITIES

Non-current liabilities

Borrowings

146,521

155,819

Notes payable

130,586

137,101

Long-term payables

10,201

12,169

Other financial liabilities

4,203

8,781

Deferred income tax liabilities

18,546

17,635

Lease liabilities

13,897

16,468

Deferred revenue

6,236

3,435

330,190

351,408

Current liabilities

Accounts payable

118,712

100,948

Other payables and accruals

84,032

76,595

Borrowings

52,885

41,537

Notes payable

8,623

14,161

Current income tax liabilities

16,586

17,664

Other tax liabilities

4,038

4,372

Other financial liabilities

6,336

4,558

Lease liabilities

5,600

6,154

Deferred revenue

100,097

86,168

396,909

352,157

Total liabilities

727,099

703,565

Total equity and liabilities

1,780,995

1,577,246

RECONCILIATIONS OF THE GROUP’S NON-IFRS FINANCIAL MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation
(a)

Net
(gains)/losses
from investee
companies (b)

Amortisation of

intangible assets (c)

Impairment

provisions/
(reversals) (d)

SSV & CPP
(e)

Others
(f)

Income

tax effects (g)

Unaudited three months ended 31 December 2024

Operating profit

51,478

6,140

–

1,416

–

441

–

59,475

Share of profit/(loss) of associates
and joint ventures, net

9,253

1,003

(3,799)

1,176

116

–

7,749

Profit for the period

51,467

7,143

(6,888)

2,592

1,760

1,109

–

(706)

56,477

Profit attributable to

equity holders

51,324

7,034

(6,931)

2,396

1,037

1,109

–

(657)

55,312

Operating margin

30 %

34 %

Unaudited three months ended 31 December 2023

Operating profit

41,401

5,732

–

1,564

–

437

–

49,135

Share of profit/(loss) of associates and
joint ventures, net

2,463

914

(416)

1,396

159

–

4,516

Profit for the period

27,850

6,646

(94)

2,960

5,705

1,594

(829)

43,833

Profit attributable to

equity holders

27,025

6,512

(55)

2,719

5,650

1,594

(765)

42,681

Operating margin

27 %

32 %

Unaudited three months ended 30 September 2024

Operating profit

53,333

6,377

–

1,324

–

240

–

61,274

Share of profit/(loss) of associates and
joint ventures, net

6,019

985

1,433

–

8,509

Profit for the period

53,983

7,362

(6,610)

2,757

3,788

304

–

(653)

60, 931

Profit attributable to

equity holders

53,230

7,180

(6,664)

2,591

3,766

304

–

(594)

59,813

Operating margin

32 %

37 %

Note:

(a) Including put options granted to employees of investee companies on their shares and shares to be issued under investee companies’ share-based incentive plans which can be acquired by the Group, and other incentives

(b) Including net (gains)/losses on deemed disposals/disposals of investee companies, fair value changes arising from investee companies, and other expenses in relation to equity transactions of investee companies

(d) Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e) Mainly including donations and expenses incurred for the Group’s Sustainable Social Value and Common Prosperity Programme (“SSV & CPP”) initiatives

(f) Primarily non-recurring compliance-related costs and expenses incurred for certain litigation settlements of the Group and/or arising from investee companies

(g) Income tax effects of non-IFRS adjustments

RECONCILIATIONS OF THE GROUP’S IFRS TO NON-IFRS MEASURES TO THE NEAREST MEASURES PREPARED IN ACCORDANCE WITH IFRS

reported

Adjustments

Non-IFRS

RMB in millions,

unless specified

Share-based

compensation
(a)

Net
(gains)/losses
from investee
companies (b)

Amortisation of

intangible assets
(c)

Impairment

provisions/
(reversals) (d)

SSV &
CPP (e)

Others (f)

Income

tax effects
(g)

Year ended 31 December, 2024

Operating profit

208,099

23,424

–

5,294

–

991

–

237,811

Share of profit/(loss)

of associates and

joint ventures, net

25,176

4,423

(4,289)

5,478

847

–

31,635

Profit for the year

196,467

27,847

(18,646)

10,772

10,636

2,570

(2,455)

227,194

Profit attributable to

equity holders

194,073

27,230

(18,770)

9,994

9,836

2,570

(2,233)

222,703

Operating margin

32 %

36 %

Year ended 31 December, 2023

Operating profit

160,074

22,782

–

5,019

–

998

3,013

–

191,886

Share of profit/(loss)

of associates and

joint ventures, net

5,800

4,984

(4,925)

5,250

1,933

–

(1)

–

13,041

Profit for the year

118,048

27,766

(6,170)

10,269

8,123

3,790

3,012

(3,104)

161,734

Profit attributable to

equity holders

115,216

27,100

(6,024)

9,462

8,004

3,790

3,012

(2,872)

157,688

Operating margin

26 %

32 %

Note:

(d) Mainly including impairment provisions/(reversals) for associates, joint ventures, goodwill and other intangible assets arising from acquisitions

(e) Mainly including donations and expenses incurred for the Group’s Sustainable Social Value and Common Prosperity Programme (“SSV & CPP”) initiatives

(f) Primarily non-recurring compliance-related costs and expenses incurred for certain litigation settlements of the Group and/or arising from investee companies

(g) Income tax effects of non-IFRS adjustments

View original content:https://www.prnewswire.com/apac/news-releases/tencent-announces-2024-annual-and-fourth-quarter-results-302405688.html

SOURCE Tencent

Technology

eSign.AI Named Sole Electronic Signature Technology Provider for Hong Kong Government’s CorpID Project, Building the Foundation for Digital Signing Infrastructure in Hong Kong

Published

4 hours ago

May 8, 2026

HONG KONG, May 8, 2026 /PRNewswire/ — As Hong Kong’s Digital Corporate Identity Platform (CorpID) counts down to its phased launch, eSign.AI has been appointed as the sole electronic signature vendor in the project, responsible for delivering core digital signing capabilities including digital signatures, certificate management, and signature verification services. CorpID is led by Nexify, a seasoned government systems integrator, as the prime contractor. The platform is expected to launch in phases starting late 2026, with multiple CorpID-based e-government services going live in mid-2027.

CorpID: Government-Grade Digital Identity Infrastructure for Hong Kong Enterprises

The Digital Corporate Identity Platform (CorpID) is an enterprise-level digital services platform launched by the Hong Kong SAR Government, developed under the oversight of the Digital Policy Office (DPO). It is designed to serve as the business equivalent of “iAM Smart,” providing a unified digital identity foundation for Hong Kong enterprises. CorpID’s core mission is to build an integrated digital government infrastructure — offering unified identity authentication, digital signing, form pre-filling, and e-licence storage — replacing paper-heavy, cumbersome traditional processes and enabling smart city development through seamless data connectivity.

The platform is open to companies incorporated under the Companies Ordinance (Cap. 622) and businesses registered under the Business Registration Ordinance (Cap. 310), including sole proprietorships and partnerships. The DPO requires all enterprise-related e-government services to support CorpID within 18 months of launch, and will continue expanding ecosystem coverage through sandbox initiatives, cross-industry identity standard interoperability, and fully online registration processes.

eSign.AI: The Digital Signing Engine Behind CorpID

eSign.AI is an AI-native electronic signature and contract automation platform built for enterprises worldwide, offering a complete signing framework from simple electronic signatures to the highest-level compliant digital signatures — meeting diverse regulatory requirements across industries and jurisdictions.

On the identity verification front, eSign.AI has completed integration with iAM Smart, enabling individual identity verification through Hong Kong’s citizen digital identity system, and providing legally valid digital certificate services for both enterprises and individuals.

Looking ahead, the eSign.AI SaaS platform will be deeply integrated with CorpID, providing enterprise and individual identity verification for Hong Kong businesses, and supporting both electronic and digital signing that complies with Hong Kong’s Electronic Transactions Ordinance — connecting the full digital contracting lifecycle for government and enterprise alike.

Getting Ahead of the AI Era: From eSignGlobal to eSign.AI

The electronic signature industry is undergoing a structural shift from “tooling” to “intelligence.” Market data underscores this acceleration: the AI-powered contract analysis tools market has grown from USD 3.32 billion in 2025 to USD 4.3 billion in 2026, at a CAGR of 29.6%. Signing is just one node in the contract lifecycle — document generation, workflow orchestration, compliance tracking, and post-execution management are all being transformed by AI, and the industry window is closing fast.

In April 2026, the company officially rebranded from eSignGlobal to eSign.AI, completing its strategic transformation from an e-signature tool provider to an AI-native contract automation platform. As the company’s spokesperson noted, this rebrand is not cosmetic — it is an acknowledgment of where the product actually is. Customers were already using eSign.AI to automate workflows that go far beyond the signature itself.

eSign Automation Skill was launched alongside the rebrand — an AI-powered signing automation framework for enterprise workflows that enables complete contract signing through natural language interaction, with no manual intervention required. Whether it is single-party approval, multi-party sequential signing, or large-scale parallel execution, an AI Agent can orchestrate the entire workflow in a single call. All signature initiations and status queries return structured JSON outputs, directly parseable by leading large language models and intelligent workflow systems.

eSign Automation is now available in the OpenClaw ecosystem and supports integration via Claude MCP, ChatGPT, and other leading AI platforms.

By combining AI automation capabilities with CorpID’s government-grade digital identity infrastructure, eSign.AI delivers a complete solution for Hong Kong enterprises — from identity verification to intelligent signing to full workflow automation.

About eSign.AI

eSign.AI (formerly eSignGlobal) is an AI-native electronic signature and contract automation platform built for enterprises worldwide. The platform serves over 100 countries and regions, covering core industries including financial services, manufacturing, real estate, human resources, and healthcare — with 1,500+ scenario applications and 3,000+ ecosystem partners. eSign.AI holds ISO 27001, ISO 27701, and ISO 27018 certifications and supports major regulatory frameworks including the U.S. ESIGN Act / UETA, EU eIDAS, HIPAA, GDPR, and 21 CFR Part 11. Infrastructure is anchored by independent data centers in Hong Kong, Singapore, and Frankfurt, Germany.

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SOURCE eSignGlobal

Technology

The 9th AskGamblers Awards Finalists Announced as Voting Starts

Published

4 hours ago

May 8, 2026

The highly anticipated 9th AskGamblers Awards has officially moved into the voting phase. Following a rigorous selection process, the finalists across 5 premier categories have been revealed: Best Casino, Best New Casino, Best New Slot, Best Sportsbook, Best Provider. Players are invited to cast their votes until 11 June.

BELGRADE, Serbia, May 8, 2026 /PRNewswire/ — The voting stage of the 9th annual AskGamblers Awards has officially begun. The list of finalists is announced, and the first votes are already coming in.

Players will have a chance to vote for their favourites until 11 June, when the winners will be announced at the gala ceremony in Belgrade. There’s a total of 5 categories where popular votes are taken into consideration:

Best CasinoBest New CasinoBest SportsbookBest New SlotBest Game Provider

There aren’t any big changes to the voting process compared to last year. The votes from the prominent members of AskGamblers Forum will be counted in as well, while some award winners will be announced directly by the AskGamblers teams.

These include: Best Crypto Casino, Best Partner, and Best Manager categories, while the AskGamblers Superstar Award is expected to be handed to the operator that illustrates the brand values best.

Dijana Radunović, General Manager at AskGamblers, is excited for voting to start: “We’re seeing some familiar contestants, but there are a lot of new names, so it will be exciting to see who comes up on top.”

“We invite players to vote for their favourites! This is a chance for you to speak your mind and support operators and games that shape this industry,” Radunović added.

Before the AskGamblers Awards Ceremony that takes place on 11 June, Charity Night is scheduled for 10 June.

About AskGamblers

AskGamblers.com strives to provide current, objective, and accurate information and guide its users towards a safe gaming experience. The way we deliver our services, from the online casino, sportsbook, slot, and bonus reviews to our trusted Complaint Service, is best described by our motto: ‘Get the truth. Then play.’

For more information about AskGamblers and AskGamblers Awards, please contact dijana.radunovic@g2m.com.

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Technology

SUNMI Wins 2026 Red Dot Design Awards with Five Products, Leading Global Commercial Industrial Design

Published

4 hours ago

May 8, 2026

SINGAPORE, May 8, 2026 /PRNewswire/ — The winners of the 2026 German Red Dot Design Award were officially announced. Five of SUNMI Technology’s flagship products won awards: the CPad Business Tablet, CPad PAY, FLEX 3 Interactive Display, the V3 handheld POS Terminal and L3 Industrial PDA. These products stood out with three core design concepts: integration, versatility and human-centricity.

Known as “The Oscars” of global industrial design, the Red Dot Award has strict evaluation criteria covering aesthetics, ergonomics, scenario adaptability and sustainability. SUNMI adheres to original commercial scenario customization, rejecting crudely modified consumer devices. All winning products are originally developed for real commercial scenarios such as cash register, food delivery, industrial inspection and store operations, covering the entire commercial track with high scenario adaptability. Meanwhile, it practices ESG concepts, adopting eco-friendly materials and modular structures to extend equipment service life, reduce consumable consumption, and implement low-carbon and long-term design, which perfectly meets the Red Dot’s sustainability evaluation criteria.

Simplify Complexity: With highly integrated design, SUNMI eliminates the “patchwork feeling” of cluttered devices and tangled cables in traditional commercial scenarios, streamlining store operations and saving space.All-in-One Versatility: Beyond a single tool function, SUNMI’s products achieve flexible transformation through modular and multi-form designs to proactively adapt to changing business needs. The CPad series with modular accessories and FLEX 3’s Lego-style modular design enable multi-scenario application and long-term reuse.Human-Centric Design: Every detail is human-oriented, focusing on real pain points to enhance scenario experience. The L3 Industrial PDA reduces high-frequency work fatigue through scientific weight distribution; the V3 Smart POS Terminal balances large-screen visibility and grip comfort; CPad PAY integrates full-link functions to simplify workflows.

These honors stem from SUNMI’s long-term commitment to a sustainable society, original commercial R&D and ESG. In the future, SUNMI will uphold its core concepts, expand the boundaries of commercial industrial design, and empower global businesses with user-oriented, eco-friendly and high-value products.

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