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Point of Purchase (POP) Display Market To Reach USD 30,482.16 million By 2032, Growing At A 9.61% CAGR – Credence Research

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PUNE, India, March 31, 2025 /PRNewswire/ — The Point of Purchase (POP) Display Market is witnessing substantial growth, driven by evolving retail strategies and increasing brand competition. As companies seek innovative ways to capture consumer attention, POP displays have become a vital component of in-store marketing, enhancing product visibility and influencing purchasing decisions. The rise of organized retail, particularly in emerging markets, is further propelling demand for these displays. Technological advancements such as digital and interactive POP displays are also transforming the industry, providing brands with new opportunities to engage customers effectively. Additionally, the growing preference for eco-friendly and sustainable display materials is shaping market trends, as retailers and manufacturers align with global sustainability goals.

The Point Of Purchase (POP) Display Market is projected to expand significantly, from USD 14,630 million in 2024 to USD 30,482.16 million by 2032, reflecting a CAGR of 9.61% over the forecast period. This growth is fueled by the increasing adoption of POP displays across various sectors, including food & beverage, cosmetics, electronics, and pharmaceuticals. The shift toward experiential retail and omnichannel marketing strategies is further reinforcing the demand for dynamic and customizable display solutions. North America and Europe remain key markets, supported by high retail penetration and a strong focus on brand differentiation, while Asia-Pacific is emerging as a lucrative region due to expanding retail infrastructure and rising consumer spending.

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Key Growth Determinants

Rising Demand for Retail Merchandising and Brand Differentiation

The increasing need for effective in-store marketing strategies is a primary driver of the Point of Purchase (POP) Display Market. As brands compete for consumer attention, retailers are leveraging visually appealing and strategically placed POP displays to enhance product visibility and drive impulse purchases. The rapid expansion of organized retail, particularly in emerging markets, is further fueling demand. Additionally, the adoption of digital and interactive displays is transforming traditional merchandising, offering brands innovative ways to engage shoppers and influence purchasing behavior.

Technological Advancements and Customization Trends

The integration of advanced display technologies, such as digital screens, augmented reality, and motion-sensor displays, is significantly boosting market growth. Brands are increasingly investing in customized and interactive POP displays that enhance customer engagement and improve sales conversion rates. The demand for modular and reusable displays is also rising, allowing retailers to adapt marketing campaigns dynamically. These innovations are not only improving consumer experience but also driving higher returns on marketing investments.

Growing Preference for Sustainable and Eco-Friendly Displays

The shift toward environmentally sustainable retail solutions is shaping the POP display market, with brands and retailers prioritizing eco-friendly materials like recycled paper, biodegradable plastics, and sustainable wood. Stricter environmental regulations and increasing consumer awareness of sustainability issues are encouraging manufacturers to develop greener display solutions. This trend is expected to accelerate as companies align their retail strategies with global sustainability goals and corporate social responsibility initiatives.

Expansion of E-commerce and Omnichannel Retailing

While traditional brick-and-mortar stores remain the primary users of POP displays, the integration of omnichannel strategies is creating new opportunities for market expansion. Retailers are leveraging in-store displays to complement digital marketing efforts, offering seamless shopping experiences that connect physical and online channels. The rise of direct-to-consumer (DTC) brands and e-commerce-driven experiential retail is further driving demand for innovative and immersive in-store displays, ensuring continued market growth.

Key Growth Barriers

High Initial Investment and Maintenance Costs

One of the primary challenges in the Point of Purchase (POP) Display Market is the significant initial investment required for customized, digital, and interactive displays. While traditional cardboard and plastic displays remain cost-effective, advanced solutions incorporating LED screens, augmented reality, and motion sensors come with high production, installation, and maintenance expenses. Small and medium-sized retailers often struggle to allocate budgets for such high-end display solutions, limiting widespread adoption. Additionally, frequent updates and the need for technological integration add to operational costs, impacting market penetration.

Limited Shelf Space and Retail Constraints

Retailers, particularly in highly competitive markets, face space limitations that restrict the placement of large or elaborate POP displays. Supermarkets, hypermarkets, and convenience stores prioritize maximizing product assortment and stock availability, making it difficult for brands to secure prime display locations. Moreover, retailers often have strict guidelines on display placement and duration, which can hinder flexibility for brands looking to execute long-term promotional strategies. These constraints pose a challenge for manufacturers aiming to expand their footprint in high-traffic retail environments.

Environmental Concerns and Regulatory Compliance

The growing emphasis on sustainability and waste reduction is creating hurdles for the POP display market, particularly for single-use and non-recyclable materials. Governments worldwide are enforcing stricter regulations on plastic waste, carbon emissions, and sustainable sourcing, prompting brands to invest in eco-friendly alternatives. However, sustainable materials such as biodegradable plastics, FSC-certified wood, and recycled paper often come with higher production costs, which can limit affordability for mass adoption. Additionally, the transition to green solutions requires supply chain adjustments and compliance with evolving regulations, creating challenges for manufacturers.

Rising Shift Toward Digital Retail and E-commerce

The accelerated growth of e-commerce and direct-to-consumer (DTC) models is reducing foot traffic in physical retail stores, impacting the demand for in-store POP displays. Consumers increasingly prefer online shopping for its convenience, discounts, and personalized recommendations, leading retailers to shift their marketing investments toward digital advertising, influencer marketing, and AI-driven promotions. As omnichannel retailing evolves, brands are required to balance physical and digital marketing strategies, making traditional in-store displays less central to consumer engagement. This shift may slow the market’s expansion, particularly in regions with strong e-commerce penetration.

Segmentation

By Product TypeCounter DisplayFloor DisplayGravity Feed DisplayPallet DisplayFull Pallet DisplayHalf Pallet DisplayQuarter Pallet DisplaySide Kick DisplayDump Bin DisplayClip StripOthersBy Material TypeCorrugated BoardFoam BoardPlastic SheetExpanded PVCAcrylicPolycarbonateOthersGlassMetalBy Sales ChannelHypermarket & SupermarketDepartmental StoreSpecialty StoreConvenience StoreOthersBy ApplicationFood & BeveragesCosmetics & Personal CarePharmaceuticalsPrinting & StationaryElectronicsAutomotiveOthers

Based on region

North AmericaThe U.S.CanadaMexicoEuropeGermanyFranceUK.ItalySpainRest of EuropeAsia PacificChinaJapanIndiaSouth KoreaSouth-east AsiaRest of Asia PacificLatin AmericaBrazilArgentinaRest of Latin AmericaMiddle East & AfricaGCC CountriesSouth AfricaThe Rest of the Middle East and Africa

 

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Regional Analysis

North America: Established Market with High Brand Investments

North America remains a dominant player in the Point of Purchase (POP) Display Market, driven by the region’s well-established retail sector and high consumer spending. The presence of leading brands, coupled with the growing focus on experiential retail and in-store marketing, is boosting demand for innovative display solutions. The United States and Canada have a strong presence of supermarkets, hypermarkets, and specialty stores, where retailers invest heavily in customized and digital POP displays to enhance brand visibility. Additionally, sustainability regulations in the region are pushing companies to adopt eco-friendly materials for display production. The rising shift toward omnichannel strategies and interactive shopping experiences is further fueling market growth.

Europe: Strong Sustainability Focus and Retail Modernization

Europe’s POP display market is experiencing steady growth, supported by strict environmental regulations and the region’s commitment to sustainable retailing. Countries like Germany, France, and the United Kingdom are seeing increased demand for biodegradable and reusable POP displays, as retailers align their strategies with green marketing initiatives. The expansion of organized retail, particularly in Central and Eastern Europe, is also contributing to market expansion. Additionally, the integration of digital screens, AR-based displays, and AI-powered solutions in department stores and malls is enhancing customer engagement. However, high compliance costs for sustainability measures could pose a challenge to small retailers.

Asia-Pacific: Rapid Retail Expansion and Growing Consumer Base

Asia-Pacific is emerging as the fastest-growing region in the POP Display Market, fueled by rising urbanization, increasing disposable incomes, and the expansion of modern retail formats. Countries like China, India, and Japan are witnessing a surge in demand for cost-effective and visually appealing display solutions, particularly in the food & beverage, cosmetics, and consumer electronics sectors. The region’s rapidly growing e-commerce industry is also influencing the adoption of phygital (physical + digital) strategies, where brands use POP displays to bridge the gap between offline and online shopping experiences. However, price sensitivity and logistical challenges in developing economies may impact the adoption of premium POP display solutions.

Latin America: Emerging Market with Growth Potential

Latin America’s POP display market is gradually expanding due to increasing investments in the retail sector and the rise of modern shopping malls and supermarkets. Countries like Brazil, Mexico, and Argentina are witnessing growing demand for low-cost, reusable, and eco-friendly display solutions. The region’s retail sector is evolving, with international brands entering the market and local retailers embracing in-store promotions to drive sales. However, economic fluctuations, high import tariffs, and currency volatility may pose challenges for the market’s growth, particularly for advanced and tech-driven POP displays.

Middle East & Africa: Expanding Retail Infrastructure and Luxury Branding

The Middle East & Africa (MEA) region is witnessing an increase in demand for luxury retail displays and high-end brand promotions, particularly in countries like the United Arab Emirates (UAE), Saudi Arabia, and South Africa. The expansion of shopping malls, hypermarkets, and specialty stores is driving investments in customized POP displays to enhance customer engagement. Additionally, the region’s growing tourism industry and rising disposable income levels are boosting demand for premium retail marketing solutions. However, challenges such as limited retail penetration in rural areas and high dependence on imports for display materials could impact market growth in certain regions.

Credence Research’s Competitive Landscape Analysis

Credence Research’s competitive landscape analysis of the Point of Purchase (POP) Display Market highlights the presence of key global and regional players focusing on innovation, sustainability, and digital transformation to gain a competitive edge. Leading companies such as Menasha Packaging, Sonoco Products, Smurfit Kappa, WestRock, Georgia-Pacific, Pratt Industries, and FFR Merchandising dominate the market by offering customized, high-impact, and eco-friendly display solutions. The industry is witnessing a strong shift toward sustainability, with companies investing in biodegradable and reusable materials to comply with environmental regulations. Additionally, technological advancements, including digital signage, AR-based displays, and motion-sensing technologies, are reshaping in-store marketing strategies. Players are expanding into emerging markets like Asia-Pacific and Latin America, where retail infrastructure is growing rapidly. Mergers, acquisitions, and strategic partnerships are common as companies seek to strengthen their market positioning. However, high production costs, limited retail space, and increasing e-commerce penetration pose challenges, requiring businesses to balance physical and digital marketing investments. The market’s future growth will be driven by innovation, sustainability efforts, and omnichannel retail strategies.

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Key Player Analysis

DS Smith PlcSmurfit Kappa GroupInternational Paper CompanyWestRock CompanySonoco Products CompanyMenasha Packaging Company, LLCPratt Industries, Inc.Georgia-Pacific LLCMondi GroupFujifilm Holdings Corporation

Recent Industry Developments

October 2023: Ricola and Tetley, two leading Canada-based brands, announced a marketing collaboration to introduce innovative point-of-purchase (POP) displays featuring products from both companies. These pop-ups include Tetley’s ‘Super Teas’ canisters alongside Ricola’s fast-acting cough drops.November 2024: Royal Containers Ltd., a provider of premium corrugated packaging and retail display solutions, established a strategic partnership with Proprint Services, a marketing print, merchandising, and packaging solutions provider. This collaboration aims to enhance both companies’ capabilities in corrugated packaging, POP displays, retail displays, and folding carton manufacturing, delivering greater value to clients.September 2024: L’Occitane Travel Retail launched a Sol de Janeiro pop-up at London Heathrow Airport as part of its summer campaign in global travel retail. The immersive 360-degree activation transformed the space into a tropical-themed experience celebrating summer and inclusivity.June 2024: SPAR China opened a new supermarket at Zhanjiang World Trade Center, covering a 4,000m² area. The store offers competitive pricing across various product categories. Additionally, the Asia-Pacific region is witnessing an increasing influx of international brands entering the market.

Reasons to Purchase this Report:

Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

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Global Times: Head-of-state diplomacy shines at WAIC, fostering ties and advancing global governance consensus

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BEIJING, July 17, 2026 /PRNewswire/ — Chinese President Xi Jinping on Friday held a series of high-level meetings on the sidelines of the 2026 World Artificial Intelligence Conference (WAIC) and High-Level Meeting on Global AI Governance in Shanghai, sitting down successively with Thai Prime Minister Anutin Charnvirakul, Cambodian Prime Minister Hun Manet, and UN Secretary-General António Guterres. The bustling diplomatic activity transformed the WAIC from a premier showcase of AI technologies and industrial breakthroughs into a vibrant platform for head-of-state diplomacy and global governance coordination.

Analysts said hosting intensive head-of-state diplomatic events in Shanghai, a core hub of reform, opening-up and technological innovation, carries profound meaning. In addition, Friday’s high-level meetings embody the innovative model of “technology builds the stage while diplomacy takes the leading role.” It not only deepens China’s bilateral relations with ASEAN members, but also helps advance inclusive global AI governance centered on the UN mechanism.

Strategic guidance

According to the two separate official releases by Xinhua, during his meetings with the prime ministers of Thailand and Cambodia, President Xi spoke of the long-standing friendship China shares with both nations. He called on China and Thailand, as well as China and Cambodia, to join hands to advance the development of their respective communities with a shared future.

Furthermore, the Chinese leader stressed the need for China to expand pragmatic cooperation with Thailand and Cambodia respectively across traditional and emerging sectors, and work with each country to jointly crack down on cross-border crimes such as online gambling and telecom fraud, according to Xinhua.

He called for the proper handling of border frictions between Thailand and Cambodia and called on the two sides to resolve disputes through dialogue and consultation, with China standing ready to continue playing a constructive role in this regard, per Xinhua.

During their respective meetings with the Chinese leader, the prime ministers of Thailand and Cambodia both expressed willingness to deepen multi-field cooperation with China and spoke highly of China’s positive efforts to facilitate the peaceful settlement of the Thailand-Cambodia border conflicts.

Xu Liping, Director of the Center for Southeast Asian Studies at the Chinese Academy of Social Sciences, told the Global Times that head-of-state diplomacy has charted the fundamental course for the advancement of China’s ties with both Cambodia and Thailand.

WAIC exemplifies the innovative model of “technology builds the platform, while diplomacy takes the leading role,” said Xu, “In addition, AI cooperation is also expected to serve as a vital entry point to further deepen and substantiate China’s ties with Thailand and Cambodia going forward.”

Furthermore, addressing the sensitive and thorny Thailand-Cambodia border dispute amid the relatively relaxed atmosphere of a tech summit enables all relevant parties to handle differences in a rational and pragmatic manner, which embodies Eastern wisdom and an Asian approach to resolving issues, said Xu.

The year 2026 marks the fifth anniversary of the establishment of the China-ASEAN comprehensive strategic partnership, witnessing the official rollout of the new Plan of Action on the China-ASEAN Comprehensive Strategic Partnership (2026-2030). It also kicks off the implementation of China’s 15th Five-Year Plan.

The critical juncture offers a perfect window to align China’s development plans closely with the national development strategies of Global South countries and ASEAN members, said Xu. “Thailand and Cambodia’s willingness to ramp up cooperation with China mirrors the aspiration of the majority of ASEAN members to leverage China’s development dividends and pursue win-win outcomes and common prosperity in the region.”

Firm support for UN

In his meeting with UN Secretary-General Antonio Guterres on Friday, Xi reiterated China’s firm support for the UN.

Noting that this year marks the 55th anniversary of the restoration of the lawful seat of the People’s Republic of China at the UN, the Chinese leader said China has since been committed to building world peace, contributing to global development, defending international order, and firmly supporting the UN, Xinhua reported.

Xi added that he proposed the vision of building a community with a shared future for humanity and the four global initiatives with one important consideration in mind – to uphold the status and authority of the UN.

Currently, the international landscape is marked by more pronounced changes and turbulence, making it all the more necessary to practice true multilateralism and reinvigorate the status and role of the UN, he said.

Guterres commended China for its steadfast support for multilateralism, the cause of the UN, and international cooperation, saying that China has set an example for the world.

Guterres said the UN will continue to strengthen cooperation with China, oppose unilateralism, protectionism, and hegemonic bullying, safeguard the UN Charter and international law, as well as advance the process toward a multipolar world.

At this pivotal juncture where talks on AI development and UN multilateral governance converge, China, leveraging head-of-state diplomacy as a top-tier platform, has elaborated in a systematic manner its vision for global governance in the AI era, Wang Yiwei, a professor at the School of International Studies, Renmin University of China, told the Global Times.

He added that China’s emphasis on the UN-centered global governance architecture will further strengthen the UN’s authority and operational capacity.

Before the official opening of the WAIC, on Thursday, representatives from 29 countries, including Kazakhstan, Laos, Pakistan, Russia and Indonesia, signed an agreement on establishing the World Artificial Intelligence Cooperation Organization (WAICO) in Shanghai. UN chief Guterres was among representatives from countries and international organizations present at the signing ceremony.

According to the agreement, WAICO will be an independent intergovernmental international organization, which aims to promote international cooperation and global governance on AI, ensuring that AI is beneficial, safe and fair, thereby promoting its healthy and orderly development to benefit all humanity.

President Xi on Friday also announced that in the next five years, China will provide developing countries with 5,000 opportunities in AI training and seminar programs. China will also develop international AI application cooperation centers with the ASEAN, the League of Arab States, the African Union, the Community of Latin American and Caribbean States, the Shanghai Cooperation Organization, and BRICS.

However, some international media, including Reuters and Nikkei, used the term “AI diplomacy” describing the grand gathering in Shanghai, claiming that Beijing seeks a new global AI order, challenging US dominance.

In rebuttal, Wang pointed out that China advocates open, inclusive technology that lets AI benefit all humanity under the vision of “AI for All”. In contrast, the US adheres to a mindset of “All for AI”, weaponizing AI for geopolitical rivalry and aiming to outpace China in technological competition. Driven by the “America First” doctrine and capital-centric priorities, Washington’s approach forms a sharp contrast with China’s.

Meanwhile, China’s resolute commitment to upholding the UN system underscores that for China and a wide array of Global South countries, the sensible path lies in reforming and improving the existing global governance architecture rather than discarding it to build parallel institutions from scratch, the expert added.

This article first appeared on Global Times

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SOURCE Global Times

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Global Times: China sends fresh signal on global AI cooperation at WAIC

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BEIJING, July 17, 2026 /PRNewswire/ — “AI development should not be a solo performance by a single country, but a symphony of international cooperation,” Chinese President Xi Jinping said on Friday while addressing the opening ceremony of the 2026 World AI Conference (WAIC) and High-Level Meeting on Global AI Governance, stressing that China is ready to be more open, take more practical actions, and assume a more visionary perspective.

We are ready to work with all parties to seize the opportunities of AI development and meet the challenges, and join hands to create a brighter future for humanity, he added.

Xi’s remarks received positive responses from domestic and foreign enterprises and experts, as they spoke highly of China’s scientific and technological achievements in recent years while noting that China’s commitment to openness and cooperation can help ensure that the benefits of AI are shared by all humanity and Chinese solutions in AI governance enable other countries to better tackle the common challenges brought about by AI development.

Openness and win-win cooperation

Xi presented four observations on AI development and governance in the speech. The Chinese leader called for adhering to the principle of openness and win-win cooperation while boosting innovation-driven development. He highlighted the importance of encouraging open-source, openness, collaboration and sharing to facilitate technological innovation, industrial development and scenario-based application of AI.

He also called for strengthening risk-awareness and ensuring that AI is secure and controllable.  Stressing the need to ensure that AI is always under human control, Xi urged all sides to jointly oppose overstretching the national security concept in the field of AI or placing one country’s security over that of others.

Third, he called for encouraging inclusiveness and promoting mutual learning among civilizations.

Fourth, he called for advocating solidarity and improving global governance. The important role of the United Nations should be recognized, Xi said, calling for further alignment and coordination on AI development strategies, governance rules and technical standards.

“We must carry out extensive international cooperation and help Global South countries with capacity building to bridge the AI and digital divides, promote sustainable development and prevent creating new historical injustice in AI,” he said.

In the next five years, China will provide developing countries with 5,000 opportunities in AI training and seminar programs, Xi said. He said China will develop international AI application cooperation centers with the Association of Southeast Asian Nations, the League of Arab States, the African Union, the Community of Latin American and Caribbean States, the Shanghai Cooperation Organization, and BRICS. China will enable 30 countries to use the AI-powered meteorological warning system, or MAZU, to safeguard homes around the world.

“President Xi’s remarks underscore China’s commitment to advancing global AI governance and technological innovation through opening-up and win-win cooperation, bringing new opportunities for sharing AI dividends and achieving shared prosperity to countries worldwide, especially developing countries,” Song Yang, professor of School of Economics and research fellow at the National Academy of Development and Strategy at Renmin University of China, told the Global Times on Friday.

China is sending a clear and important message: AI should become a bridge between countries, not a new dividing line, Luigi Gambardella, president of the Brussels-based international digital association ChinaEU, told the Global Times on Friday on the sidelines of the forum.

“No country, however technologically advanced, can develop and govern AI alone. China’s commitment to openness and cooperation can help ensure that the benefits of AI are shared by all humanity. It can help prevent the fragmentation of technologies, standards and markets, while ensuring that the opportunities created by AI are shared more widely,” Gambardella said.

“President Xi proposed ‘adhering to the principle of openness and win-win cooperation’ and ‘advocating solidarity’, and announced a series of pragmatic measures to support global AI development. These remarks have deeply inspired me and further strengthened my confidence in promoting the inclusive development of AI through opening-up and cooperation,” Xu Li, chairman and CEO of Shanghai-based AI software company SenseTime, told the Global Times on Friday.

Looking ahead, SenseTime aims to bring more field-tested technologies, products, and talent cultivation expertise to more countries and regions, and boost “China innovation” to deliver sustained value across a wider spectrum of industrial scenarios, thereby enabling AI to better benefit all of humanity, Xu said.

China actively supports strengthening global cooperation on AI governance, advocates multilateralism, and promotes the establishment of a global governance framework, which has received positive responses from many Global South countries.

Twenty-nine countries on Thursday signed an agreement in Shanghai on establishing the World Artificial Intelligence Cooperation Organization (WAICO). As an independent intergovernmental international organization headquartered in Shanghai, WAICO will uphold the purposes of the UN Charter, be committed to extensive consultation and joint contribution for shared benefit and adhere to a people-centered approach, according to the agreement, per Xinhua.

Global spotlight on WAIC

Since its inception in 2018, the WAIC has successfully convened for eight consecutive editions, becoming an important window for showcasing cutting-edge AI technologies from China and around the world while deepening international opening-up and cooperation.

Themed “AI Partnership for a Brighter Future”, the exhibition area exceeds 100,000 square meters for the first time this year, attracting the participation of over 1,100 enterprises. The exhibitors are showcasing more than 3,000 products and technologies, with over 300 products making their global debuts.

Among the exhibition highlights are Huawei’s latest AI computing super node system Atlas 950, MiniMax M3 multimodal foundation model, and the world’s first agentic AI phone, alongside a range of humanoid robots and AI-powered dexterous hands.

A German BMW representative, who attended WAIC for the first time, expressed enthusiasm about the event, highlighting the humanoid robotics showcased in the exhibition area – technologies he said he has never encountered before.

The representative told the Global Times that his company has adopted Chinese AI-powered large language models such as Qwen and DeepSeek. “The new updated versions of these models emerge weekly, which is very impressive,” the representative said, speaking highly of the cost efficiency of Chinese models.

However, some Western media outlets keep smearing China’s AI advancements and international cooperation. The Economist even claims that China’s open-source AI is a “trap” and that embracing China is “risky.”

Debunking this groundless smearing, Song said that China’s AI development has consistently adhered to the philosophy of a people-centered approach and AI for good, accumulating a wealth of vivid, replicable, and scalable experiences.

At the opening ceremony of the WAIC, the China Meteorological Administration unveiled the MAZU-FengYun Satellite AI Box. The launch marks a new stage in MAZU’s intelligent early-warning initiative, which was unveiled last year, shifting from providing shared meteorological products to delivering AI-enabled forecasting capabilities, according to the administration.

“Over the past year, meteorological and disaster reduction agencies from more than 40 countries have accessed the MAZU early warning technologies and products via cloud platforms. Customized versions of the tool have been deployed in Nigeria, Djibouti, Pakistan, and other nations, earning widespread recognition from users,” You Yang, a staff member with the Shanghai Meteorological Bureau, told the Global Times on Friday.

“From base models to industry-specific applications, China is opening up its low-cost, replicable technological pathways to the world, thereby lowering the threshold for underdeveloped nations to enter the AI era. Meanwhile, China actively helps developing countries address gaps in technology, talent, and governance capabilities to bridge the digital divide in the age of intelligence,” Song said.

According to a March report from Hugging Face, one of the world’s largest AI open-source communities, China has surpassed the US in monthly downloads and overall downloads. In the past year, Chinese models quickly accounted for the plurality or 41 percent of downloads.

“China possesses three unique institutional advantages in promoting AI for good and inclusive development: First, the new system for nationwide mobilization of resources coordinates development and security, achieving synergistic progress in key technological breakthroughs and rule-making. Second, a people-centered approach ensures that technological advancement benefits the people. Third, a multi-stakeholder agile and collaborative governance model links governments, universities, research institutions, enterprises, and social organizations to explore the synergy between rules and technology, providing China’s experience to the world,” Zeng Yi, a member of the UN Advisory Body on AI, told the Global Times on Friday.

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SOURCE Global Times

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Ecopetrol Reports Cybersecurity Incident

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BOGOTA, Colombia, July 17, 2026 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the “Company”) announced that it has identified an unauthorized access to certain digital resources owned by the Company and its subsidiaries by an external actor who has not been identified, as well as an attempted ransomware attack that was blocked by the cybersecurity controls implemented across the Company and its subsidiaries. The unauthorized access affected cloud-based file storage environments of approximately 15 subsidiaries (including the Company), resulting in the unauthorized download of data associated with approximately 3,300 user accounts. The external actor communicated extortion demands, threatening to publicly disclose the information that had been unlawfully extracted.

In response to this incident, the Company initiated an investigation and activated its incident response and management protocols. In addition, the Company deployed the following measures aimed at preventing the public disclosure of the unlawfully extracted information, addressing supervisory actions and/or potential financial costs associated with investigation, remediation, and regulatory compliance, as follows:

a. Immediate revocation of unauthorized access to the compromised digital assets.
b. Blocking of mechanisms associated with the mass download of information.
c. Identification, analysis, and containment of the tactics, techniques, and procedures (TTPs) used by the malicious actor.
d. Filing of a criminal complaint before the Office of the Attorney General of Colombia and deployment of cooperation activities with specialized national authorities.
e. Identification of external infrastructures used for the storage or download of information to pursue restriction or blocking actions.
f. Activation of support mechanisms with insurers and specialized capital markets teams to ensure the proper management of the event.
g. Detailed assessment of the downloaded information and determination of its criticality.
h. Enhanced monitoring of the technology infrastructure under critical alert protocols and continuous validation of preventive and detective controls.

As of the date of this report, the Company has not identified any material disruption to its critical operations, production capacity, or essential services; any direct financial impact that would prevent it from continuing to conduct its business activities; or any disclosure of the information subject to the unauthorized access. However, the Company continues to assess the potential exposure of corporate information, which could include confidential, restricted, proprietary, or personal data, as it cannot guarantee that this incident will not have a material adverse effect on the Company’s business, reputation, operating results, or financial condition.

Ecopetrol S.A. will continue to monitor developments related to this matter and, should any material facts or information requiring disclosure to the market be identified, will promptly disclose such information in accordance with applicable laws and regulations.

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA’s shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla – Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. 

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company’s prospects for growth and its ongoing access to capital to fund the Company’s business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company’s competitiveness and the performance of Colombia’s economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.

For more information, please contact:

Investor Relations Office
Email: investors@ecopetrol.com.co  

Head of Corporate Communications (Colombia) 
Marcela Ulloa 
Email: marcela.ulloa@ecopetrol.com.co 

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SOURCE Ecopetrol S.A.

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