Vice President of China Merchants Bank, Lei Caihua: The next step for the focus of public assets organization will be on four main directions.

date
04/09/2025
Vice President of China Merchants Bank, Lei Caihua, stated at the bank's 2025 mid-year performance briefing that the next step will be to comprehensively enhance the capabilities of financial asset management for public organizations based on market changes. The focus will be on four areas: 1. Technology companies, including opportunities for project financing brought about by traditional industry upgrades and new infrastructure. 2. Financing opportunities brought about by industry consolidation and mergers and acquisitions in the capital market. 3. Providing supply chain financing based on enterprise transaction scenarios. 4. Promoting inclusive financial services by combining digital process improvements with strong scenarios.
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GitLab announced a strong financial performance for the second quarter of the 2026 fiscal year, with Q2 revenue reaching 2.36 billion US dollars, a year-on-year increase of 29%. The non-GAAP operating profit margin was 17%. It is expected that the revenue for the 2026 fiscal year will be between 9.36 billion and 9.42 billion US dollars. The company revealed that the number of customers with Annual Recurring Revenue (ARR) exceeding 5,000 US dollars reached 10,338, a year-on-year increase of 11%; and the number of customers with ARR exceeding 100,000 US dollars reached 1,344, a year-on-year increase of 25%. The USD-based net retention rate was 121%. Additionally, the company has signed a three-year strategic partnership agreement with Amazon Web Services (AWS). This agreement will expand the application scope of GitLab Dedicated, a single-tenant product that helps enterprises and public sectors in highly regulated industries meet complex compliance requirements including data residency, isolation, and private networking while leveraging cloud infrastructure. Brian Robins, Chief Financial Officer of GitLab, stated: "Our team achieved strong performance in the second quarter of the 2026 fiscal year, with a 29% increase in revenue and a significant year-on-year improvement in operating profit margin. GitLab's continued growth reflects the transformative value that enterprises derive from our unique platform - our DevSecOps platform is cloud-agnostic, model-neutral, has comprehensive contextual AI capabilities covering the entire process from planning to deployment, and can run in any environment, including air-gapped environments (environments physically isolated from external networks)."
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