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-- First Half Revenue of $85.7 million , increase 1.5% year-over-year -- -- First Half GMV of $107.3 million , down 7.0% year-over-year -- SHANGHAI , Dec. 19, 2024 /PRNewswire/ -- Jowell Global Ltd. ("Jowell" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China , today announced its unaudited financial results for the six months ended June 30, 2024 . First Half 2024 Financial and Operational Highlights [1] "Total VIP members" refers to the total number of members registered on Jowell's platform as of June 30, 2024 and June 30, 2023. [2] "LHH stores" refers to the brand name of "Love Home Store". Authorized retailers may operate as independent stores or store-in-shop (an integrated store), selling products they purchased through Jowell's online platform LHH Mall under their retailer accounts, which provides them with major discounts. First Half 2024 Financial Results Total Revenues Total revenues for the first half 2024 were $85.7 million , representing an increase of 1.5% from $84.4 million in the same period of 2023. Our weighted average unit price was $5.16 per unit for the first half of 2024, which represented an increase of 4.2% as compared to $4.95 per unit for the same period of 2023. Our health and nutritional supplements revenue for the first half of 2024 increased by about $11.1 million , or 182.1%, as compared to the same period of 2023. The increase in health and nutritional supplements revenue was mainly due to the increase in sales of premium brand health and nutritional supplements. We have stepped up our promotions on these items during the Chinese New Year holidays in the first half of 2024 in an attempt to offer more promotional discounts in response to the overall market downturn. First Half Ended June 30 % 2024 2023 change Revenues (in thousands, except for percentages) US$ US$ YoY* Product sales • Cosmetic products 19,768.5 29,495.5 (33.0 %) • Health and nutritional supplements 17,190.7 6,094.2 182.1 % • Household products 48,438.7 48,473.1 (0.1 %) • Others 286.4 343.4 (16.6 %) Total 85,684.3 84,406.2 1.5 % * YOY—year over year Total cost and operating expenses were $89.6 million in the first half of 2024, a decrease of 1.5% from $91.0 million in the same period of 2023. Operating Loss Operating loss was $4.0 million for the first half of 2024, compared with the operating loss of $6.6 million in the same period of 2023. The decrease in operating loss for the first half of 2024 was mainly due the decrease of marketing expenses, as well as reduction of operating expenses as discussed above. Net Loss Net loss was $3.8 million , a decrease of 47.1% compared with net loss of $7.1 million in the same period of 2023, which was mainly due the factors mentioned above. Loss per Share The Company computes earnings (loss) per share ("EPS") in accordance with ASC 260, "Earnings per Share" ("ASC 260"). Each of the Company's Preferred Share has voting rights equal to two Ordinary Shares of the Company and each Preferred Share is convertible into one Ordinary Share at any time. Except for voting rights and conversion rights, the Ordinary Shares and the Preferred Shares rank pari passu with one another and have the same rights, preferences, privileges and restrictions. For the first half ended June 30, 2024 and 2023, respectively, the Company had no potential ordinary shares outstanding that could potentially dilute EPS in the future. Cash and Cash Equivalents For the first half of 2024, the Company reported a net loss of $3.8 million , a negative operating cash flow of $41,012 and an accumulated deficit of approximately $29.8 million . The Company's principal sources of liquidity are sales revenues, proceeds from a private placement and a registered direct offering. As of June 30, 2024 , the Company had cash and restricted cash of approximately $0.8 million , held by the variable interest entity (VIE) Shanghai Juhao Information Technology Co., Ltd. ("Shanghai Juhao") with banks and financial institutions inside China as the Company conducts its operations primarily through the consolidated VIE in China ; the Company's working capital as of June 30, 2024 was $13.4 million . Due to the uncertainty of the current market environment, management believes it is necessary to enhance the collection of its outstanding accounts receivable and other receivables, and to be cautious in terms of its operational decisions and project selections. As of October 31, 2024 , approximately $1.8 million , or 62%, of its accounts receivable balance as of June 30, 2024 were collected, and approximately $9.9 million , or 93%, of its advances to supplier balance as of June 30, 2024 were utilized. In addition, the Company's Form F-3 registration was declared effective on August 31, 2022 , and the Company may also seek equity financing from outside investors if necessary. Based on the latest business plan of the Company, Shanghai Juhao has reduced its promotion efforts and marketing expenditures since the second half of 2023, which reduced the cash used in operating activities. Management believes that the above-mentioned factors, including cash on hand of approximately $0.8 million , will provide sufficient liquidity for the Company to meet its future liquidity and capital requirements for at least the next twelve months. About Jowell Global Ltd . Jowell Global Ltd. (the "Company") is one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms in China . We offer our own brand products to customers and also sell and distribute health and nutritional supplements, cosmetic products and certain household products from other companies on our platform. In addition, we allow third parties to open their own stores on our platform for a service fee based upon sale revenues generated from their online stores and we provide them with our unique and valuable information about market needs, enabling them to better manage their sales effort, as well as an effective platform to promote their brands. The Company also sells its products through authorized retail stores all across China , which operate under the brand names of " Love Home Store " or "LHH Store" and "Best Choice Store". For more information, please visit http://ir.1juhao.com/ . Exchange Rate The Company's financial information is presented in U.S. dollars ("USD"). The functional currency of the Company is the Chinese Yuan, Renminbi ("RMB"), the currency of the PRC. Any transactions which are denominated in currencies other than RMB are translated into RMB at the exchange rate quoted by the People's Bank of China prevailing at the dates of the transactions, and exchange gains and losses are included in the statements of operations as foreign currency transaction gain or loss. The consolidated financial statements of the Company have been translated into U.S. dollars in accordance with ASC 830, "Foreign Currency Matters". This press release contains translations of certain RMB amounts into U.S. dollars ("USD" or "$") at specified rates solely for the convenience of the reader. The exchange rates in effect as of June 30, 2024 and December 31, 2023 were RMB1 for $0.1403 and $0.1412 , respectively. The average exchange rates for the six months ended June 30, 2024 and 2023 were RMB1 for $0.1407 and $0.1444 , respectively. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact: Jowell Global Ltd. Ms. Jessie Zhao Email: IR@1juhao.com Jowell Global Ltd. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 (Unaudited) ASSETS Current Assets: Cash $ 805,344 $ 1,250,281 Accounts receivable, net 2,344,481 2,401,056 Accounts receivable - related parties - 47,040 Advance to suppliers 10,050,688 3,506,432 Advance to suppliers - related parties 12,493,792 9,874,545 Inventories 4,508,515 8,198,402 Prepaid expenses and other current assets 1,075,591 1,384,758 Total current assets 31,278,411 26,662,514 Long-term investment 3,709,340 3,888,377 Property and equipment, net 845,579 681,942 Intangible assets, net 532,810 634,655 Right of use lease assets, net 1,506,729 2,019,300 Other non-current asset 638,723 895,775 Deferred tax assets 512,175 515,364 Total Assets $ 39,023,767 $ 35,297,927 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term loan $ 210,473 $ 423,567 Accounts payable 2,791,515 3,765,230 Accounts payable - related parties 280,530 194,818 Deferred revenue 11,691,812 2,309,957 Deferred revenue - related parties 40,000 47,059 Current portion of operating lease liabilities 1,475,947 942,989 Accrued expenses and other liabilities 975,072 782,048 Due to related parties 414,585 528,472 Taxes payable 1,487 58,233 Total current liabilities 17,881,421 9,052,373 Non-current portion of operating lease liabilities - 1,032,235 Total liabilities 17,881,421 10,084,608 Commitments and contingencies Equity Common stock, $0.0016 par value, 450,000,000 shares authorized, 2,170,475 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 3,473 3,473 Preferred stock, $0.0016 par value, 50,000,000 shares authorized, 46,875 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 75 75 Additional paid-in capital 52,687,182 52,687,182 Statutory reserves 394,541 394,541 Accumulated deficit (29,768,863) (26,039,567) Accumulated other comprehensive loss (2,153,720) (1,843,970) Total Jowell GlobIsrael cracks down on Palestinian citizens who speak out against the war in Gaza UMM AL-FAHM, Israel (AP) — In the year since the war in Gaza broke out, Israel's government has been cracking down on dissent among its Palestinian citizens. Authorities have charged Palestinians with “supporting terrorism” because of posts online or for demonstrating against the war. Activists and rights watchdogs say Palestinians have also lost jobs, been suspended from schools and faced police interrogations. Palestinians make up about 20% of Israel's population. Many feel forced to self-censor out of fear of being jailed and further marginalized in society. Others still find ways to dissent, but carefully. Israel's National Security Ministry counters that, “Freedom of speech is not the freedom to incite.” Israel says rabbi who went missing in the UAE was killed TEL AVIV, Israel (AP) — Israel says the body of an Israeli-Moldovan rabbi who went missing in the United Arab Emirates has been found, citing Emirati authorities. The statement from Prime Minister Benjamin Netanyahu’s office on Sunday said Zvi Kogan was killed, calling it a “heinous antisemitic terror incident.” It said: “The state of Israel will act with all means to seek justice with the criminals responsible for his death." Kogan went missing on Thursday, and there were suspicions he had been kidnapped. His disappearance comes as Iran has been threatening to retaliate against Israel after the two countries traded fire in October. Israeli strike on Lebanese army center kills soldier, wounds 18 others BEIRUT (AP) — An Israeli strike on a Lebanese army center has killed one soldier and wounded 18 others, the Lebanese military said. Sunday's was the latest in a series of Israeli strikes that have killed over 40 Lebanese troops, even as the military has largely kept to the sidelines in the war between Israel and Hezbollah militants. 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Pakistan partially stops mobile and internet services ahead of pro-Imran Khan protest ISLAMABAD (AP) — Pakistan has suspended mobile and internet services “in areas with security concerns” as supporters of imprisoned former premier Imran Khan gear up for a protest in the capital. The government and Interior Ministry made the announcement on X, which is banned in Pakistan. Sunday's protest is to demand Khan's release. He has been in prison for more than a year but remains popular. His supporters rely heavily on social media and messaging apps to coordinate with each other. Pakistan has already sealed off Islamabad and shut down major roads and highways connecting the city with Khan's power bases. Here's what to know about the new funding deal that countries agreed to at UN climate talks BAKU, Azerbaijan (AP) — In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. But it’s a far-from-perfect arrangement, with many parties still unsatisfied but hopeful that the deal will be a step in the right direction. Japan holds Sado mines memorial despite South Korean boycott amid lingering historical tensions SADO, Japan (AP) — Japan has held a memorial ceremony near the Sado Island Gold Mines despite a last-minute boycott of the event by South Korea that highlighted tensions between the neighbors over the issue of Korean forced laborers at the site before and during World War II. South Korea’s absence at Sunday’s memorial, to which Seoul government officials and Korean victims’ families were invited, is a major setback in the rapidly improving ties between the two countries, which since last year have set aside their historical disputes to prioritize U.S.-led security cooperation. Chuck Woolery, smooth-talking game show host of 'Love Connection' and 'Scrabble,' dies at 83 NEW YORK (AP) — Chuck Woolery, the affable, smooth-talking game show host of “Wheel of Fortune,” “Love Connection” and “Scrabble” who later became a right-wing podcaster, skewering liberals and accusing the government of lying about COVID-19, has died. He was 83. Mark Young, Woolery’s podcast co-host and friend, said in an email early Sunday that Woolery died at his home in Texas with his wife, Kristen, present. Woolery, with his matinee idol looks, coiffed hair and ease with witty banter, was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978. He teamed up with Young for the podcast “Blunt Force Truth” and became a full supporter Donald Trump.

After a prolonged period of mysterious absence, Jack Ma made a surprising return to the spotlight as he took center stage at an event in Shanghai. The enigmatic co-founder of Alibaba Group had not been seen in public for several months, sparking widespread speculation and concern about his well-being and the future of his tech empire.In addition to government support, the resilience and innovation of Chinese enterprises have been vital in driving the growth of foreign trade. By seizing opportunities in emerging markets, diversifying product offerings, and embracing digital transformation, Chinese companies have demonstrated their agility and competitiveness in the international arena. Furthermore, the rise of e-commerce platforms and online trade fairs has facilitated cross-border transactions, enabling small and medium-sized enterprises to reach a wider customer base and enhance their global presence.In what promises to be a thrilling showdown between two of Europe's footballing powerhouses, Inter Milan and Lazio are set to go head-to-head in a crucial Champions League encounter. The match will see Inter Milan coach Antonio Conte rotating his squad in preparation for the high-stakes clash against their fierce rivals.

Mae Sot, a town on the Thai-Myanmar border in Tak province, is notorious as a hub for cross-border human trafficking and transnational organised crime run by Chinese mafia syndicates. Despite this, government action has been grossly inadequate to combat the problem. During a recent visit to Mae Sot to review anti-human trafficking efforts, Pol Lt Gen Prachuab Wongsuk, acting deputy national police chief, identified the town as the country's top hotspot for cross-border human trafficking, online scams, gambling, and other illegal activities. This is not surprising. Each year, thousands of victims from various countries are lured by fake high-paying job offers to work in Thailand, but are funnelled through Mae Sot to Myawaddy, Myanmar's border town opposite Mae Sot, to work for Chinese scam operations. According to victims, they are swept through immigration at Bangkok's international airports and driven through border checkpoints to Mae Sot without issue. Some are even flown directly to Mae Sot. Undeniably, local corruption is involved. Once in Myawaddy, the victims are imprisoned, their phones confiscated, they are forced into debt bondage, and are forced to scam people worldwide. Those who refuse or fail to meet quotas face torture, including beatings, electrocution, and other abuse. They must pay a ransom if they want to be released. While the Chinese operators carry out the torture, the facilities are guarded by the Karen Border Guard Force (BGF) and the Democratic Karen Buddhist Army (DKBA), two armed groups operating in Myanmar's Karen State. In addition to Thais, human trafficking victims come from various countries, including Laos, the Philippines, Iraq, Indonesia, Bangladesh, Morocco, Kenya, and others. On Oct 26, the Civil Society Network for Victim Assistance in Human Trafficking, a human rights NGO, sent an open letter to Prime Minister Paetongtarn Shinawatra, calling for the immediate rescue of 110 victims and action to stop Chinese syndicates using Mae Sot to traffic people into Myanmar. The group also appealed to the BGF, DKBA, the Defence Ministry, and the Ministry of Foreign Affairs for rescue operations. Nothing has happened. Several embassies have contacted the network to help rescue their citizens held by Chinese mafia groups, pushing the number of human trafficking victims seeking help to over 500. Thailand can no longer ignore this issue. According to the Cyber Crime Investigation Bureau, online scams run by these Chinese criminal networks cost Thailand at least 50 million baht every day. This not only harms the country's productivity but also worsens its struggling economy. The United Nations Office on Drugs and Crime (UNODC) reported that East and Southeast Asia lost between $18–37 billion to online scams in 2023 -- around 648 billion to 1.3 trillion baht. Meanwhile, the United States Institute of Peace (USIP) estimated these syndicates globally stole nearly $64 billion a year, or about 2.28 trillion baht. Apart from economic damage, the criminal networks have co-opted political and business elites in host countries, worsening corruption, fueling money politics and undermining democratic principles. While the scam compounds operate in Myanmar, Laos, and Cambodia, Thailand cannot deny its role as a transit hub for trafficking victims exploited by these Chinese syndicates. According to Usip, thousands of victims from 60 countries have been trafficked and enslaved in the Southeast Asian scam industry. This level of crime would not be possible if Thailand were more effective in stopping it. The acting deputy police chief recently visited a group of scam victims in Mae Sot on Nov 12. His team found a group of Chinese people who had arrived suspiciously, claiming they were tourists heading to Pattaya but had been unknowingly driven to Mae Sot by a taxi driver. The police freed all concerned, including the taxi driver, and announced to the media that they had rescued a group of Chinese people from human trafficking. Case closed. This is not just inefficiency; it's a dangerous failure of duty that allows human trafficking to continue unchecked. It's true that the power, reach, and advanced technology of the cyber fraud industry require international cooperation to stop and punish them. However, Thailand cannot ignore its responsibility to take legal action against crimes happening within its borders -- especially against corrupt officials and those involved in money laundering. Additionally, the government must address the telecommunications infrastructure enabling these online call centres. Thailand must stop being a silent partner in this transnational crime before more lives are destroyed.In the case of Bo Mu's alleged abduction, it is vital for law enforcement agencies and concerned citizens to work together to uncover the truth. While it is natural to feel concern for the safety of others, we must also exercise caution in spreading unverified claims that could potentially harm the reputation and well-being of individuals involved.Report: Cowboys All-Pro LB Micah Parsons (illness) expected to play vs. BucsFAU 86, Oklahoma St. 78

Winners, losers as Packers shutout Saints 34-0 on Monday Night FootballIn conclusion, the measures taken by Tencent Video and AiYouteng to address account sharing and device restrictions reflect the ongoing challenges faced by streaming platforms in the digital age. Finding a balance between protecting content rights and ensuring a positive user experience is crucial for the long-term success of these services. As the industry evolves, it is essential for platforms to listen to user feedback, adapt their policies accordingly, and work towards a sustainable and fair ecosystem for both creators and consumers.

Published 3:34 pm Saturday, November 23, 2024 By Data Skrive There are three games featuring a ranked team on the Sunday college basketball schedule, including the Pittsburgh Panthers versus the Wisconsin Badgers. Watch men’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Catch tons of live college basketball , plus original programming, with ESPN+ or the Disney Bundle.Xiang Zuo, known for his bold fashion choices and adventurous style, has always been open to experimenting with different looks. When approached by hairstylist Xiao Hua for a collaboration, Xiang Zuo was excited to try something new and daring. Little did he know that the result would not only turn heads but also become a viral sensation.

Published 5:58 pm Sunday, November 24, 2024 By Data Skrive The Monday college basketball slate includes eight games featuring a ranked team in play. Among those contests is the Duke Blue Devils squaring off against the Kansas State Wildcats. Watch women’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Catch tons of live women’s college basketball , plus original programming, with ESPN+ or the Disney Bundle.In conclusion, the arrival of the "chosen one" and the new striker has injected a renewed sense of optimism and excitement into Real Madrid and its supporters. With high hopes for the season ahead, the stage is set for a thrilling and unforgettable chapter in the club's storied history. Brace yourselves, Real Madrid is back and ready to conquer all that lies ahead!

Jowell Global Ltd. Announces First Half 2024 Unaudited Financial ResultsThe successful completion of the "Secure Housing Delivery" task is a shining example of the government's commitment to improving the lives of its citizens and promoting sustainable development. By providing affordable housing for low-income families and investing in the construction of new housing units, Liaoning Province is paving the way for a brighter future for all its residents.

Recently, China Central Television (CCTV) conducted an in-depth investigation into the virtual live streaming industry, unveiling a hidden network of operations that utilize green screens for deceptive content creation. The exposé shed light on the inner workings of these virtual "factories," where the illusion of reality is meticulously constructed to deceive unsuspecting audiences.Subscribe Search Search Sort by Relevance Title Date Subscribe ALBAWABA - Russia tested its new missile system, “Oreshnik,” on Ukrainian soil, warning Western nations assisting Kyiv with powerful weapons. Russians call the new missile “hazelnut” and it boosts Moscow's strategic capabilities. Also Read Which countries to arrest Netanyahu and which offered asylum following ICC arrest warrant? Friday, President Vladimir Putin unveiled the Oreshnik missile, a hypersonic medium-range ballistic missile. It can cover 2 to 3 kilometers per second at 10 Mach, or 13,000 kilometers per hour. This is beyond air defense systems' reach. The missile has six warheads that can launch six submunitions. It may target several places with conventional, nuclear, chemical, or biological weapons. The Oreshnik can destroy half a city depending on the warhead. Putin claims the Oreshnik missile is essential to preventing Western provocations in Ukraine and has ordered widespread manufacture. He said that the missile's speed and technology make any air defense system worthless. Son dakika: Ukrayna'da Dinyeper'ı vurmak için kullanılan yeni oreshnik balistik füzesinin enkazı ortaya çıktı. gazeteciler ilk bakışlarını alıyor. #ukrainenews #russiaukrainwar #balistikfüze pic.twitter.com/vp3m2utO7s — CorrespondentTR (@TrCorrespondent) November 24, 2024 Oreshnik is an intercontinental missile with a range of 3,000–5,500 kilometers. Its quick speed and precision targeting astonished Western military analysts after it was used to strike Dnipro, Ukraine. Russia's Oreshnik missile stockpile remains unknown, but its unveiling shows its determination to strengthen its military and challenge Western influence in Ukraine. The Oreshnik complicates the Russia-Ukraine war, raising the stakes. Osama Ali is an accomplished English content writer and news writer. With a strong command of language and a flair for storytelling. His expertise lies in delivering accurate and well-researched news pieces, ensuring that information is presented clearly and concisely. A dedicated professional who stays up-to-date with the latest trends in the English writing industry, consistently producing high... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news Subscribe to our newsletter for exclusive updates and enhanced content Subscribe

Prime Minister Narendra Modi’s ruling alliance won an election in Maharashtra by a wide margin, signaling policy continuity in a state which houses most of India’s billionaires and is home to some of the country’s biggest investments. The Mahayuti coalition, led by Modi’s Bharatiya Janata Party, is ahead with 228 seats of the 288-member legislative assembly, according to the Election Commission of India. The Indian National Congress-led alliance has the advantage in just 47 seats, halting a momentum they built during national elections. The margins are wide enough for the elections to be called even as the final stages of counting are in progress. “Development wins! Good governance wins! United we will soar even higher!” Modi said in a post on X on Saturday. A separate Congress alliance in Jharkhand is leading in 50 seats of the 81-member legislative assembly, according to the Election Commission. Modi has conceded in the state. Exit polls released Wednesday predicted a tight contest in both states, with a slight edge forecast for the BJP alliance in Maharashtra. Mahayuti is now expected to win by a landslide with the main opposition and other smaller regional parties barely scraping by. BJP candidates are in the lead in 90 seats and have had a win declared for 42 more. “This is the voice of the people, it is the government of the people and it is a government for the best of the people,” Chief Minister Eknath Shinde told reporters Saturday afternoon. A victory in Maharashtra, which houses the financial capital of Mumbai, is expected to give a boost to stock markets which had already made gains on Friday in anticipation of the results. It suggests Modi remains popular, even though his party lost an outright majority in national polls. In those elections, more than 20 different parties worked together, shedding ideological differences and pooling resources to take on Modi’s electoral prowess. Since the results in June, four state polls were conducted with the BJP picking up two significant ones. “The BJP has a reasonably fixed vote share which it will get,” said Neelanjan Sircar, an associate professor at Ahmedabad University. Also, “we are seeing local seat level factions taking on an importance.” Maharashtra contributes over 10% of India’s gross domestic product, with Mumbai home to companies such as Reliance Industries Ltd. and Tata Group, the country’s two main stock markets, and the Hindi film industry. The state’s economic reputation, however, is at risk of being tarnished by growing farmer distress and high unemployment. Modi and his party have introduced a series of social welfare programs, including cash handouts to women and have promised further subsidies. The state is also one of the biggest recipients of foreign investment and BJP’s win will calm investors and allow ambitious development projects already in the works to continue. Billionaire Gautam Adani aims to revamp one of Asia’s biggest slums, but his $3 billion plan to convert 620 acres (251 hectares) of Dharavi into a glitzy urban hub had become a political hot potato. The opposition has repeatedly vowed to cancel the project during campaigning. Opposition leader Rahul Gandhi, who won both parliamentary seats he contested in June, chose to vacate his seat in Wayanad, Kerala. His sister Priyanka Gandhi Vadra is running in the by-election there in her first political match for the Congress party, winning the seat with a margin of more than 410,000 votes. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.

Beyond its technological features, the YU7 also reflects Xiaomi's commitment to sustainability and environmental responsibility. With a focus on energy efficiency and eco-friendly materials, the YU7 is designed to minimize its impact on the environment while maximizing performance and durability. By investing in research and development of green technologies, Xiaomi aims to promote a more sustainable future for the automotive industry.