Business Progress of Blue Lake Portfolio Companies in the Second Quarter of 2024

Jushuitan is officially a Meta Business Partner

On April 22, Jushuitan’s Thailand company officially announced in Bangkok that Jushuitan has become a business partner of Meta. This milestone marks an important step for Jushuitan in providing social e-commerce solutions.

PICTURE | Jushuitan

Jushuitan’s partnership with Meta will enable merchants to leverage innovative social e-commerce tools for more efficient live-streaming sales and chat-based order placements. Anchored by Jushuitan’s global SaaS ERP platform, the integrated solution focuses on enhancing users’ social media shopping experience. By seamlessly connecting with local logistics and banking systems, Jushuitan delivers a comprehensive social commerce ecosystem.

As a Meta business partner, Jushuitan will gain access to more resources to accelerate product development and optimization. This strategic alliance will also enable Jushuitan to expand the market reach of its services. The company plans to roll out new features and offerings in the coming months to better serve its growing user base.

Zelos Awarded First-Ever License for Autonomous Logistics Vehicle in Singapore

Recently, Zelos has successfully passed CETRAN’s autonomous driving test program in Singapore, and was awarded the first-ever license for autonomous logistics vehicle in the country by the Land Transport Authority (LTA).

This milestone allows Zelos’ autonomous vehicles to operate on designated public roads in Singapore, marking a significant breakthrough for the company’s expansion into overseas markets. It also paves the way for domestic autonomous driving products to be deployed globally.

In October last year, Zelos signed a memorandum of understanding with NTUC FairPrice (also known as “GLS”) in Singapore, to collaborate on the nation’s first high-level autonomous urban delivery project.

The project is divided into three phases: feasibility testing in a multi-story logistics warehouse environment, actual operational phase for warehouse freight, and direct logistics transshipment between distribution centers.

PICTURE | Zelos

During this period, Zelos joined the working group of the Singapore Standards Council, participating in the revision of the local TR-68 autonomous driving specification technical standards. The company has been collaborating with relevant local authorities to determine the testing requirements for autonomous logistics vehicles to operate on public roads, filling the regulatory gap in Singapore.

Currently, Zelos’ collaboration project with GLS has entered the phase of direct freight logistics transshipment between distribution centers.

Trugotech Participates in Drafting National Standards

Recently, the Ministry of Industry and Information Technology (MIIT) released the National Standard “Road Vehicles – Functional Safety Audit and Assessment Method – Part 1: General Requirements” (道路车辆功能安全审核及评估方法第1部分：通用要求) (abbreviated as “GB/T 43253-2023”).

Trugotech’s representative Gui Yan served as one of the main drafters of the standard. He contributed Trugotech’s years of experience in vehicle functional safety and key technology in automotive components, playing a role in promoting the standardization and development of new energy and intelligent vehicles.

PICTURE | Trugotech

Trugotech has been deeply engaged in the research and industrialization of main components of the chassis for new energy and intelligent vehicles for many years. Drawing on its extensive experience in large-scale independent research and production, the company has contributed practical experience covering the entire lifecycle of chassis-by-wire system and products, including system design, product development, functional safety testing, system integration testing, vehicle testing and verification.

Trugotech strictly complies with the relevant standards and requirements of “GB/T 43253-2023” to ensure the safety and reliability of its chassis-by-wire products. This provides maximum protection and safety for drivers and passengers, earning the trust and recognition of numerous OEM customers.

Cospowers announces Ultra-Large Capacity Energy Storage Cell Solution

On June 13, Cospowers announced its super-large capacity energy storage cell solution – the 720Ah Tianchi series at 17th (2024) International Photovoltaic Power Generation and Smart Energy Conference and Exhibition. The series adopts third-generation high-speed stacking technology. The cell has zero attenuation for three years, , opening up a leap for a single unit of 2.3 kWh, enabling the company to advance into the long duration energy storage market.

PICTURE | Cospowers

Meanwhile, Cospowers has also brought a transformative product of power storage: EnerGalactic-6700 liquid-cooled battery compartment. This product is equipped with the 720Ah ultra-large capacity Tianchi series battery developed by the full stack of Cospowers, delivering over 15% more capacity than previous 5 MWh offerings.

Besides, Cospowers has unveiled a new line of industrial and commercial energy storage products, including the PowerEco-115kW/250kWh all-in-one sodium-ion battery. Featuring Cospowers’ proprietary 210Ah sodium-ion battery, this solution boasts an energy density exceeding 135 Wh/kg and cycle count of over 2,000 cycles, enabled by its advanced stacking technology.

Cospowers unveiled its latest technologies, products, and fully in-house developed solutions in the conference, earning widespread recognition from customers.

LINGXING ERP Retains Top Market Share in Cross-border E-commerce ERP

According to the “2024 China Cross-border E-commerce Software Service Industry Report” recently released by iResearch, the top brands in the cross-border e-commerce ERP market, led by Amazon, have demonstrated significant market dominance. Within this segment, LINGXING ERP maintains the leading market share among cross-border e-commerce ERPs focused on platforms like Amazon.

PICTURE | LINGXING ERP

In addition to Amazon, LINGXING ERP has integrated and connected with over 20 major global e-commerce platforms, including Walmart, TikTok, Temu, and more.

As the cross-border industries enter a new phase of development in 2024, LINGXING has also experienced high-speed growth, with YoY revenues increased 74% in 2024.

Moka Introduces “People Efficiency Management Solution”

On June 19, Moka co-founder and CEO Li Guoxing formally presented the “Moka People Efficiency Management Solution” at the Moka Ascend 2024 product launch event.

PICTURE | Moka

The “Moka People Efficiency Management Solution” empowers enterprises to better control costs and boost productivity for healthy development. It provides organizations with a clearer, more comprehensive understanding of their human resource operations, enabling continuous value creation throughout the process.

Moka’s CTO and partner Liu Hongze shares the company’s technological innovations and practical application of AI. AI-native concept is deeply integrated into every facet of the business, Moka Eva has not only upgraded from intelligent interviews to intelligent recruitment solutions, but also empowered a -new feature called “SmartPractice”, integrates global best practices from multiple countries and regions, providing intelligent support for recruitment activities worldwide, further refining the recruitment process.

TEEMO Launches Intelligent Skateboard Chassis

As an industry leader focused on developing universal and intelligent skateboard chassis, TEEMO has unveiled a high-performance intelligent skateboard chassis called AutoBots-W2.

PICTURE | TEEMO

The AutoBots-W2 is an integrated assembly component that highly integrates mechanics, electronic control, intelligent domain control, active and passive safety, and autonomous driving. It serves as an extremely versatile platform that is highly useful for designers focused on creating low-speed autonomous scenario applications. Such design allows scenario design companies to save on development cycles and validation expenses. This enables them to quickly bring to market products that can effectively address user requirements. The new AutoBots-W2 intelligent skateboard chassis provides developers with a fully open space to freely design the upper-level equipment. This embodies the concept of a large open-plan layout with utilization rates approaching 100%, enabling developers’ maximum flexibility. Scenario designers only need to design the upper-level body in accordance with the user’s scenario requirements. This fully realizes the inherent spatial freedom advantage of a skateboard chassis architecture.

By matching the varying wheelbase sizes and load capacities of the AutoBots-W2 and AutoBots-W7 models, TEEMO can expand the application of their intelligent skateboard chassis solutions to a wider range of scenarios, such as autonomous logistics, unmanned patrol, smart agriculture, and beyond.