 |
JAKARTA, Indonesia, May 26, 2025 /PRNewswire/ -- FinVolution Group (NYSE: FINV), a leading fintech company, has launched its "BRAVOSHOPS" pilot initiative to support small and micro businesses across pan-Asian countries. The Company introduced the initiative at a summit held in Indonesia on May 25, co-organized by the Government of Indonesia and the UNGC BRI Action Platform.
The summit brought together global stakeholders to advance sustainable development across key sectors, including SME empowerment, green innovation, education, and energy transition. During the summit, members of the UN Global Compact unveiled nine flagship pilot initiatives, with FinVolution presenting its BRAVOSHOPS initiative as part of this global effort.
Notably, FinVolution's BRAVOSHOPS initiative seeks to empower community-rooted small businesses that demonstrate a commitment to social responsibility and cultural heritage. The initiative builds on FinVolution's experience supporting over 70 small shops in China since 2023. Through a combination of physical upgrades, public engagement, and targeted financial support, the program enhances the visibility, functionality, and impact of participating stores.
As part of its regional expansion, BRAVOSHOPS aims to empower at least 1,500 small businesses across China, Indonesia, the Philippines, and other Asian countries between 2025 and 2030. The initiative reflects FinVolution's long-term commitment to inclusive growth and sustainable livelihoods.
Building Change from the Ground Up
As FinVolution actively expands the BRAVOSHOPS initiative, two newly supported businesses in Indonesia exemplify the model's impact.
In Cianjur, West Java, young agricultural entrepreneur Agus Surya founded a tool shop after graduating from university. His store provides essential farming equipment to rural communities and serves as a hub for agricultural education.
"Running an agribusiness is about more than profit and loss — it's about making a meaningful impact," Agus said. Responding to his needs, BRAVOSHOPS helped modernize his storefront and display units, giving his shop a fresh, professional look. Agus hopes his revitalized store will serve as a stronger support system for local farmers.
Also, among the early beneficiaries of BRAVOSHOPS in Indonesia is Ms. Vonny Waty, a seasoned chef from Manado, Sulawesi, who has over 15 years of culinary experience. Currently based in Jakarta, she runs a small food stall serving traditional dishes to nearby office workers. However, Vonny had long struggled with limited resources. She faced challenges expanding her business due to a lack of refrigeration and storage, which limited her ability to preserve ingredients and diversify her menu.
Through the BRAVOSHOPS initiative, FinVolution provided essential equipment — including a refrigerator, storage cabinets, and a large-capacity rice cooker — enabling Vonny to improve food safety, stabilize her operations, and expand her offerings. As a result, her income has grown, and she has become a role model for other aspiring women entrepreneurs in her community, demonstrating the transformative power of targeted, practical support.
Scaling Impact Across Borders
FinVolution's BRAVOSHOPS initiative was first launched in late 2023 in China as a public-interest initiative designed to support small businesses deeply rooted in their local communities. The program focused on identifying microenterprises that not only provided goods or services but also played a meaningful role in fostering social cohesion and local well-being.
Early beneficiaries included a neighborhood barbershop offering monthly free haircuts to elderly residents, a rural reading space organizing volunteer-led literacy sessions for children, and a cafe that created employment opportunities for individuals with hearing impairments. By the end of 2024, BRAVOSHOPS had made a measurable impact, directly benefiting more than 15,000 people across a range of underserved groups, including seniors, children, and marginalized individuals.
The initiative proved that even small-scale interventions — when guided by a deep understanding of community needs — can yield meaningful and lasting social value. This success laid the foundation for the program's expansion beyond China, demonstrating its potential as a replicable model for empowering local economies and advancing inclusive development.
FinVolution's decision to expand BRAVOSHOPS to Southeast Asia further underscores the initiatives' broader relevance and affirms the Company's leadership in creating value through localized, socially responsible solutions.
Leading the Way in Sustainable Financial Innovation
Since joining the UN Global Compact in 2022, FinVolution has aligned its business strategies with the UN Sustainable Development Goals (SDGs), strengthening its ESG practices across its operations. The Company's ESG effort has earned international recognition, with Morningstar Sustainalytics rating the firm as a "Low Risk" performer — ranking it among the top 15% of diversified financial firms worldwide. FinVolution also achieved scores above the industry average in the S&P Global Corporate Sustainability Assessment.
Looking ahead, FinVolution aims to scale its inclusive finance efforts by partnering with more organizations, and harnessing its technological and platform strengths to help create a more equitable, inclusive, and sustainable economic environment across Asia and beyond.
JAKARTA, Indonesia, May 26, 2025 /PRNewswire/ -- FinVolution Group (NYSE: FINV), a leading fintech company, has launched its "BRAVOSHOPS" pilot initiative to support small and micro businesses across pan-Asian countries. The Company introduced the initiative at a summit held in Indonesia on May 25, co-organized by the Government of Indonesia and the UNGC BRI Action Platform.
The summit brought together global stakeholders to advance sustainable development across key sectors, including SME empowerment, green innovation, education, and energy transition. During the summit, members of the UN Global Compact unveiled nine flagship pilot initiatives, with FinVolution presenting its BRAVOSHOPS initiative as part of this global effort.
Notably, FinVolution's BRAVOSHOPS initiative seeks to empower community-rooted small businesses that demonstrate a commitment to social responsibility and cultural heritage. The initiative builds on FinVolution's experience supporting over 70 small shops in China since 2023. Through a combination of physical upgrades, public engagement, and targeted financial support, the program enhances the visibility, functionality, and impact of participating stores.
As part of its regional expansion, BRAVOSHOPS aims to empower at least 1,500 small businesses across China, Indonesia, the Philippines, and other Asian countries between 2025 and 2030. The initiative reflects FinVolution's long-term commitment to inclusive growth and sustainable livelihoods.
Building Change from the Ground Up
As FinVolution actively expands the BRAVOSHOPS initiative, two newly supported businesses in Indonesia exemplify the model's impact.
In Cianjur, West Java, young agricultural entrepreneur Agus Surya founded a tool shop after graduating from university. His store provides essential farming equipment to rural communities and serves as a hub for agricultural education.
"Running an agribusiness is about more than profit and loss — it's about making a meaningful impact," Agus said. Responding to his needs, BRAVOSHOPS helped modernize his storefront and display units, giving his shop a fresh, professional look. Agus hopes his revitalized store will serve as a stronger support system for local farmers.
Also, among the early beneficiaries of BRAVOSHOPS in Indonesia is Ms. Vonny Waty, a seasoned chef from Manado, Sulawesi, who has over 15 years of culinary experience. Currently based in Jakarta, she runs a small food stall serving traditional dishes to nearby office workers. However, Vonny had long struggled with limited resources. She faced challenges expanding her business due to a lack of refrigeration and storage, which limited her ability to preserve ingredients and diversify her menu.
Through the BRAVOSHOPS initiative, FinVolution provided essential equipment — including a refrigerator, storage cabinets, and a large-capacity rice cooker — enabling Vonny to improve food safety, stabilize her operations, and expand her offerings. As a result, her income has grown, and she has become a role model for other aspiring women entrepreneurs in her community, demonstrating the transformative power of targeted, practical support.
Scaling Impact Across Borders
FinVolution's BRAVOSHOPS initiative was first launched in late 2023 in China as a public-interest initiative designed to support small businesses deeply rooted in their local communities. The program focused on identifying microenterprises that not only provided goods or services but also played a meaningful role in fostering social cohesion and local well-being.
Early beneficiaries included a neighborhood barbershop offering monthly free haircuts to elderly residents, a rural reading space organizing volunteer-led literacy sessions for children, and a cafe that created employment opportunities for individuals with hearing impairments. By the end of 2024, BRAVOSHOPS had made a measurable impact, directly benefiting more than 15,000 people across a range of underserved groups, including seniors, children, and marginalized individuals.
The initiative proved that even small-scale interventions — when guided by a deep understanding of community needs — can yield meaningful and lasting social value. This success laid the foundation for the program's expansion beyond China, demonstrating its potential as a replicable model for empowering local economies and advancing inclusive development.
FinVolution's decision to expand BRAVOSHOPS to Southeast Asia further underscores the initiatives' broader relevance and affirms the Company's leadership in creating value through localized, socially responsible solutions.
Leading the Way in Sustainable Financial Innovation
Since joining the UN Global Compact in 2022, FinVolution has aligned its business strategies with the UN Sustainable Development Goals (SDGs), strengthening its ESG practices across its operations. The Company's ESG effort has earned international recognition, with Morningstar Sustainalytics rating the firm as a "Low Risk" performer — ranking it among the top 15% of diversified financial firms worldwide. FinVolution also achieved scores above the industry average in the S&P Global Corporate Sustainability Assessment.
Looking ahead, FinVolution aims to scale its inclusive finance efforts by partnering with more organizations, and harnessing its technological and platform strengths to help create a more equitable, inclusive, and sustainable economic environment across Asia and beyond.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
FinVolution's BRAVOSHOPS to Boost 1,500 SMEs across Asia, Debuts at UN Global Compact BRI Action Platform Summit
FinVolution's BRAVOSHOPS to Boost 1,500 SMEs across Asia, Debuts at UN Global Compact BRI Action Platform Summit
FinVolution's BRAVOSHOPS to Boost 1,500 SMEs across Asia, Debuts at UN Global Compact BRI Action Platform Summit
- CATL opens Middle East's first NING SERVICE Experience Center in Riyadh —currently the largest new energy aftermarket facility outside China.
- The facility offers comprehensive full-lifecycle after-sales support, cultivates local technical talent and accelerates the deployment of advanced electrification and energy storage solutions.
- It also functions as a regional ecosystem hub linking diverse stakeholders and resources to drive industrial synergy and sustainable growth.
RIYADH, Saudi Arabia, Jan. 11, 2026 /PRNewswire/ -- On January 10, 2026, CATL opened the Middle East's first and currently the largest new energy aftermarket facility outside China—the NING SERVICE Experience Center in Riyadh—strengthening its after-sales presence in the Middle East and supporting the region's shift toward cleaner energy systems.
The opening comes as Saudi Arabia and the wider Middle East advance ambitious electrification and decarbonization goals under Vision 2030 and similar national initiatives. Taking Saudi Arabia as an example, The Kingdom has set a goal to transition 30% of all vehicles in Riyadh to electric by 2030, as part of a larger strategy to reduce emissions in the capital city by 50%. Sustainability policies are also driving the shift to electric equipment, such as promoting the use of electric forklifts, while encouraging the use of green energy on farms under the Saudi Green Initiative. However, progress is tempered by persistent challenges, including longstanding oil dependency, surging electricity demand, extreme climatic conditions, and limited charging and service infrastructure.
Strategically designed to overcome these obstacles, the Riyadh facility offers comprehensive full-lifecycle after-sales support, cultivates local technical talent and accelerates the deployment of advanced electrification and energy storage solutions.
Covering more than 7,000 square meters, the Riyadh center combines exhibition areas, diagnostics and maintenance zones, refurbishment facilities, training spaces, and a customer lounge. It is designed to serve not only as a localized service hub for the region and a showcase of CATL's system-level capabilities across electric mobility, energy storage, and intelligent electrification, but also as a platform that links diverse resources, fostering industrial synergy across the ecosystem.
A full-lifecycle approach to new energy services
Relying on CATL's deep R&D and extreme manufacturing capabilities, NING SERVICE Experience Center provides customers with full-lifecycle services that encompass battery diagnostics, repair, maintenance, rework, training, recycling, aftermarket logistics and warehousing. Its services span over seven major product categories—from passenger and commercial vehicles to energy storage systems—along with diverse repair scenarios, setting a new benchmark for new energy service delivery in the region.
Leveraging CATL's advanced diagnostics and repair expertise, along with established service processes, the center's comprehensive after-sales services
helps enterprise customers reduce downtime, lower maintenance costs, and extend asset life, providing greater certainty around long-term performance and residual value while reducing long-term ownership costs and delivering more cost-effective and reliable services for end users.
Advancing localized operations and capability building
The Riyadh center serves as a key platform for CATL's localized operations in the Middle East, supporting talent development and long-term local value creation. Through dedicated training facilities, CATL builds after-sales and technical expertise in the new energy sector, contributing to skilled employment and knowledge transfer across the Middle East. Globally, NING SERVICE operates 10 training centers, totalling 2,300 square meters, and has certified more than 9,700 new energy after-sales professionals through partnerships with vocational institutions.
Beyond talent development, CATL is deepening its localization strategy by reinforcing local infrastructure and building ecosystem partnerships. CATL is in discussion with top-tier local industry players—including fuel network operators to rapidly provide green electricity to gas stations and major infrastructure companies to electrify their truck fleets, as well as energy companies to deploy solar-plus-storage solutions.
These initiatives not only bolster CATL's local service capabilities and market confidence, but also by enabling key partners, jointly drive the scaled adoption of comprehensive new energy solutions across the Middle East.
"As a leading energy company in Saudi Arabia, we see tremendous opportunities in energy transformation. For instance, we plan to deploy solar-plus-storage solutions at our gas stations and electrify forklifts to reduce reliance on oil. We look forward to collaborating with top players like CATL to drive this transition forward," said Ahmed Ibrahim，Assistant General Manager For Procurement of Al Drees, a leading provider of petroleum and logistics services in Saudi Arabia.
"The launch of CATL's Riyadh aftermarket flagship underscores our shared commitment to driving the global energy transition. This milestone not only reflects the growing demand for sustainable solutions in Saudi Arabia but also embodies our collective vision for a cleaner, electrified future. As the investor behind the experience centre, we are confident that this partnership will accelerate electrification and strengthen the region's role in advancing the energy transition." said Lin Chaofan, CEO of F4S.
Part of a global network
The Saudi Arabia opening builds on CATL's global service footprint, which includes more than 1,200 professional service stations across 76 countries and 73 spare-parts warehouses worldwide. CATL ranks No. 1 globally in spare parts inventory stocked with 100% genuine parts, with a total warehouse area of more than 370,000 square meters. To date, NING SERVICE has supported more than six million electric vehicles, providing professional after-sales services for passenger vehicles, commercial vehicles, and energy storage customers.
A long-term commitment to the Middle East
Bruce Li, President of Quality System, Aftermarket Business, Battery Management System Department at CATL, said the Riyadh center reflects a strategic, long-term view of the region.
"Our decision to establish this center in Riyadh is not only a commercial choice, but a long-term commitment," Li said. "As the first NING SERVICE Experience Center in the Middle East, it is more than a service facility. It is a new energy aftermarket ecosystem hub that brings together advanced technology, professional training, and industry collaboration—effectively connecting diverse stakeholders and resources to foster deeper synergy and sustainable growth across the region. Starting from here, CATL will continue to expand its after-sales service network across the Middle East, align closely with Saudi Arabia's Vision 2030, and support the region's energy transition through a reliable, end-to-end service system."
As the Middle East accelerates its shift toward electrification and energy storage adoption, CATL's expanded NING SERVICE presence is poised to deliver the technical reliability and sustained partnerships essential for this transformation.
RIYADH, Saudi Arabia, Jan. 11, 2026 /PRNewswire/ -- On January 10, 2026, CATL opened the Middle East's first and currently the largest new energy aftermarket facility outside China—the NING SERVICE Experience Center in Riyadh—strengthening its after-sales presence in the Middle East and supporting the region's shift toward cleaner energy systems.
The opening comes as Saudi Arabia and the wider Middle East advance ambitious electrification and decarbonization goals under Vision 2030 and similar national initiatives. Taking Saudi Arabia as an example, The Kingdom has set a goal to transition 30% of all vehicles in Riyadh to electric by 2030, as part of a larger strategy to reduce emissions in the capital city by 50%. Sustainability policies are also driving the shift to electric equipment, such as promoting the use of electric forklifts, while encouraging the use of green energy on farms under the Saudi Green Initiative. However, progress is tempered by persistent challenges, including longstanding oil dependency, surging electricity demand, extreme climatic conditions, and limited charging and service infrastructure.
Strategically designed to overcome these obstacles, the Riyadh facility offers comprehensive full-lifecycle after-sales support, cultivates local technical talent and accelerates the deployment of advanced electrification and energy storage solutions.
Covering more than 7,000 square meters, the Riyadh center combines exhibition areas, diagnostics and maintenance zones, refurbishment facilities, training spaces, and a customer lounge. It is designed to serve not only as a localized service hub for the region and a showcase of CATL's system-level capabilities across electric mobility, energy storage, and intelligent electrification, but also as a platform that links diverse resources, fostering industrial synergy across the ecosystem.
A full-lifecycle approach to new energy services
Relying on CATL's deep R&D and extreme manufacturing capabilities, NING SERVICE Experience Center provides customers with full-lifecycle services that encompass battery diagnostics, repair, maintenance, rework, training, recycling, aftermarket logistics and warehousing. Its services span over seven major product categories—from passenger and commercial vehicles to energy storage systems—along with diverse repair scenarios, setting a new benchmark for new energy service delivery in the region.
Leveraging CATL's advanced diagnostics and repair expertise, along with established service processes, the center's comprehensive after-sales services
helps enterprise customers reduce downtime, lower maintenance costs, and extend asset life, providing greater certainty around long-term performance and residual value while reducing long-term ownership costs and delivering more cost-effective and reliable services for end users.
Advancing localized operations and capability building
The Riyadh center serves as a key platform for CATL's localized operations in the Middle East, supporting talent development and long-term local value creation. Through dedicated training facilities, CATL builds after-sales and technical expertise in the new energy sector, contributing to skilled employment and knowledge transfer across the Middle East. Globally, NING SERVICE operates 10 training centers, totalling 2,300 square meters, and has certified more than 9,700 new energy after-sales professionals through partnerships with vocational institutions.
Beyond talent development, CATL is deepening its localization strategy by reinforcing local infrastructure and building ecosystem partnerships. CATL is in discussion with top-tier local industry players—including fuel network operators to rapidly provide green electricity to gas stations and major infrastructure companies to electrify their truck fleets, as well as energy companies to deploy solar-plus-storage solutions.
These initiatives not only bolster CATL's local service capabilities and market confidence, but also by enabling key partners, jointly drive the scaled adoption of comprehensive new energy solutions across the Middle East.
"As a leading energy company in Saudi Arabia, we see tremendous opportunities in energy transformation. For instance, we plan to deploy solar-plus-storage solutions at our gas stations and electrify forklifts to reduce reliance on oil. We look forward to collaborating with top players like CATL to drive this transition forward," said Ahmed Ibrahim，Assistant General Manager For Procurement of Al Drees, a leading provider of petroleum and logistics services in Saudi Arabia.
"The launch of CATL's Riyadh aftermarket flagship underscores our shared commitment to driving the global energy transition. This milestone not only reflects the growing demand for sustainable solutions in Saudi Arabia but also embodies our collective vision for a cleaner, electrified future. As the investor behind the experience centre, we are confident that this partnership will accelerate electrification and strengthen the region's role in advancing the energy transition." said Lin Chaofan, CEO of F4S.
Part of a global network
The Saudi Arabia opening builds on CATL's global service footprint, which includes more than 1,200 professional service stations across 76 countries and 73 spare-parts warehouses worldwide. CATL ranks No. 1 globally in spare parts inventory stocked with 100% genuine parts, with a total warehouse area of more than 370,000 square meters. To date, NING SERVICE has supported more than six million electric vehicles, providing professional after-sales services for passenger vehicles, commercial vehicles, and energy storage customers.
A long-term commitment to the Middle East
Bruce Li, President of Quality System, Aftermarket Business, Battery Management System Department at CATL, said the Riyadh center reflects a strategic, long-term view of the region.
"Our decision to establish this center in Riyadh is not only a commercial choice, but a long-term commitment," Li said. "As the first NING SERVICE Experience Center in the Middle East, it is more than a service facility. It is a new energy aftermarket ecosystem hub that brings together advanced technology, professional training, and industry collaboration—effectively connecting diverse stakeholders and resources to foster deeper synergy and sustainable growth across the region. Starting from here, CATL will continue to expand its after-sales service network across the Middle East, align closely with Saudi Arabia's Vision 2030, and support the region's energy transition through a reliable, end-to-end service system."
As the Middle East accelerates its shift toward electrification and energy storage adoption, CATL's expanded NING SERVICE presence is poised to deliver the technical reliability and sustained partnerships essential for this transformation.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
CATL Opens Middle East's Largest New Energy Aftermarket Facility in Riyadh
CATL Opens Middle East's Largest New Energy Aftermarket Facility in Riyadh
CATL Opens Middle East's Largest New Energy Aftermarket Facility in Riyadh
