The bidding value in October exceeded our previous expectations, achieving 16% YoY growth, which we believe was driven by the continued rollout of trade-in programs. However, due to the impact of the National Day holiday, the bidding value declined -1% MoM compared with September. Looking ahead to November, we remain cautious, as the comparison base from last year is relatively high, and both the number and total value of trade-in programs in 2025 are lower than in 2024. Previously, United Imaging also expe ...

The U.S. Food and Drug Administration (FDA) found that devices made at Koninklijke Philips N.V.'s (NYSE:PHG) Bothell, Reedsville, and Nederland facilities were adulterated due to manufacturing, storage, and quality control practices that failed to meet current Good Manufacturing Practice (GMP) standards.The facilities manufacture medical devices such as ultrasound systems and cardiovascular devices.The devices made at these facilities are considered “adulterated” under U.S. law due to non-compliance with cu ...