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CIMC is betting on a new round of growth by shooting “triple arrows” of its innovative businesses

HONG KONG, Feb 8, 2023 - (ACN Newswire via SEAPRWire.com) - On the closing night of 20 January, CIMC (000039.SZ) released 2022 results forecast. During the reporting period, net profit attributable to the parent was RMB3 billion to RMB3.8 billion, and net profit attributable to the parent after deducting non-recurring gains and losses was estimated to be RMB3.6 billion to RMB5.2 billion. There exited a certain gap for the figures compared with the same period last year, which however is within the expected range. Combined with the recent trend of container transportation industry plus the figures released in the third quarter of last year, it can be found that the gap has been fully digested by the market.(Photo credit: Futu, collated by Gelonghui)(Source: research report of Essence Securities)In addition, upon the release of the annual results alert, CIMC's H shares also had a relatively stable and upward trend in trading sessions after the opening of the Hong Kong stock market in the Year of the Rabbit, with a cumulative increase of 2.76% in just two trading days, making a "good start".High-quality growth ideas of "container leader": seeking new growth points in the future through innovationIn the past year, despite the combined impact of multiple complex factors such as geopolitical incidents, rising inflation overseas, aggressive rate hikes in Europe and the United States, and slowdown of the global economy, CIMC has generally maintained a good momentum of "improving quality and increasing efficiency" and demonstrated strong business resilience, achieving steady progress. In 2023, CIMC has established and thoroughly implemented the new development concept, focusing on high-quality growth.What is the development concept of high-quality growth? In order to change its stereotype in the market, CIMC, as the "container leader" in the world, is planning to maintain and improve its existing product advantages and build a model enterprise of operational excellence by strengthening technological innovation, creating smart products and promoting intelligent manufacturing.It is easy to see that CIMC's new round of growth in the future is inseparable from technological innovation, continuous upgrading of manufacturing capabilities and models, improvement in strengths of product and service capabilities, as well as superior operational management mode of lean management and quality improvement and efficiency increase.Historically, CIMC has been a company committed to sustainable growth. In recent years, the reason why CIMC has been able to achieve steady growth and survived cyclical turbulence in an erratic and complex external environment is, in short, continuous seeking of new future growth points based on its original pillar businesses, solid development of its rooted industries and release of its leading advantages.Today, CIMC's innovative businesses are showing multiple points of development, which can be commendable and the results are beginning to emerge. They have beneficially complemented and linked to the original foundation, weakness or strength, enabling the expansion and integration of the Company's businesses and the enhancement of its comprehensive strength to be rolled out smoothly in a better way.Meanwhile, CIMC's continued exploration of innovative businesses will be a strong booster for its future "high-quality growth".As we all know, CIMC is a leading global supplier of equipment and solutions for the logistics and energy industries, with its industrial clusters mainly covering the logistics and energy sectors. One of the key cores supporting its development in the two sectors is CIMC's advanced production modes and manufacturing capabilities. However, any manufacturing industry cannot do without full support and coordination of the upstream and downstream of the value chain.Following these three directions, let's take a look at how CIMC has developed its innovative businesses.The first arrow of innovative businesses was shot at clean energy, yielding unusually brilliant results in niche main tracksCIMC's first arrow of developing innovative businesses in the energy industry was shot at clean energy. Among numerous niche tracks, it chose the two main tracks of energy storage and hydrogen energy respectively, achieving remarkable results by completing a critical layout with outstanding results, which laid a solid foundation for future growth.Nowadays, energy storage has become an indispensable part of new energy power generation and also one of the key technologies for countries to advance their carbon neutrality goals. As a result, the energy storage industry is considered to be the most certain golden track in the new energy industry.At the moment, a research report published by the institute of Essence Securities believes that the global energy storage industry may usher in a greater boom in 2023, which concludes from the revenue, cost and policy that stimulus for such energy storage boom may have been ready.From the policy, the current rapidly growing demand for energy storage installations in the PRC is mainly attributable to policy requirements for new energy installations. Local governments require that new energy installations shall be mandatorily equipped with a certain percentage of energy storage devices. For example, Hunan Province requires wind power and centralised photovoltaic power generation to be equipped with no less than 15% energy storage devices, while Shanghai requires offshore wind power to be equipped with no less than 20% energy storage devices. Other provinces and cities require the allocation of energy storage for new energy installations ranging from 2% to 20%.The "Energy Storage Industry Research White Paper 2022" points out that the new energy storage will grow at a CAGR of 53.3% from 2022 to 2026, showing a steady and rapid growth of the energy storage market. Given multiple certainties in the development of energy storage industry, CIMC has leveraged its strength to enter the energy storage track in order to capture the industry's strong and sustainable growth momentum in future.In the author's view, since 2021, CIMC's container integrated business has been carrying out energy storage related business.In 2021, CIMC's container integrated equipment business continued with rapid growth and forged closer cooperation with the industry's leading customers. Its integrated energy equipment business mainly focuses on four aspects: new energy power transformation equipment, power generation equipment, electrochemical energy storage equipment and new energy charging equipment. Among them, new energy power transformation and energy storage equipment is the key business development direction for the container segment in the future. On 16 November 2022, Fujian CIMC New Energy Technology Co., Ltd. was established, which is a company indirectly wholly owned by CIMC, and its business scope includes energy storage technology services; centralized fast charging stations; manufacturing of new energy primary power equipment; sales of batteries and others. It may indicate that CIMC will fully accelerate its presence in the energy storage industry chain.From 2023 onwards, it is believed that in the energy storage sector, CIMC will also be able to bring into play its extensive experience and industrial advantages, such as in its container integrated equipment business. This will further fit its ongoing promotion of the "parity programme" of offshore wind power, thus making up the last "short board" of its innovative businesses in the new energy industry.It is worth noting that CIMC has established its core advantages in the key parts of hydrogen energy industry chain. CIMC is fully accelerating its presence and development of hydrogen energy, and from the Group as a whole, CIMC Enric is one of the leading players in hydrogen energy development. With storage equipment, transportation equipment and hydrogen refueling equipment being its major business areas, the company aims to become a leader in the key parts.It is reported that CIMC Enric has become one of the major suppliers of third generation hydrogen storage cylinders and has formed a joint venture with HEXAGON, a world class supplier of Type IV ("T4") hydrogen cylinders and system technology and design, which will provide the production, storage and transportation solutions of Type III and T4 hydrogen storage cylinders for the fast-growing high-pressure hydrogen storage and transportation in China and Southeast Asia, as well as the production of hydrogen supply systems.With the construction of hydrogen refueling stations in China expected to usher in a period of rapid development, CIMC Enric will seize the opportunity of new construction demand for hydrogen refueling stations and explore the development of new models such as skid-mounted hydrogen refueling stations and integrated hydrogen production and refueling stations.In fact, as early as 2006, CIMC Enric, the representative of CIMC tapping into the field of hydrogen energy, started to deploy its hydrogen energy business. After more than 20 years of accumulation, CIMC has established a profound foundation in the upstream and downstream of the hydrogen energy industry chain, and CIMC Enric has deservedly become the pioneer of CIMC's hydrogen energy business. Once the hydrogen energy track continues to boom in China in the future, CIMC Enric's leading position in hydrogen energy storage and transportation, as well as its growth potential, will be released accordingly.The second arrow of innovative businesses was shot at cold chain logistics, with CIMC Cold Chain releasing huge growth potentialAs mentioned in the beginning, another pillar on which CIMC's dominant industrial cluster focuses is the logistics sector. To this end, CIMC has shot its second arrow of innovative businesses at cold chain logistics. The cold chain logistics industry, which connects primary, secondary and tertiary industries, is an important industry to effectively link up rural revitalization and promote consumption upgrade.Since the end of 2021, certain policies in relation to the domestic cold chain logistics sector have continued to be implemented. The 14th Five-Year Plan for the Development of Cold Chain Logistics clearly states that by 2025, China will initially form a cold chain logistics network that links the production and sales places, covers urban and rural areas, and connects the markets at home and abroad. Since 2022, many provinces and cities across the country have also issued relevant policies to support the development of cold chain logistics.The policy effort is expected to bring significant changes and improvements to the supply side of the domestic cold chain logistics industry, and the pandemic period of the past three years has also fundamentally accelerated the shift in demand across the industry. Whether imported or domestic, China's cold chain logistics industry is experiencing its most flourishing period.By the end of 2020, the domestic cold chain logistics market size exceeded RMB480 billion, with a cold storage capacity of approximately 180 million cubic meters and a refrigerated van fleet of more than 280,000 vehicles. As for food cold chain accounting for up to 90% in the market, its overall penetration rate was approximately 40%, and compared to the 80-90% penetration rate in developed countries (such as Japan and the United States), there was still a potential growth space of one or more times. In 2019, before the outbreak of the COVID-19 pandemic, China's medicine cold chain accounted for approximately 9%, corresponding to approximately RMB13 billion cold chain logistics market. In the medium and long term, the continuous expansion of the medicine market, including vaccines, may drive the rapid growth of the medicine cold chain industry. Once the penetration rate reaches 40-50%, it represents an incremental space of RMB40-50 billion in cold chain logistics. In addition, in terms of the cold chain transportation rate of agricultural products in China, there is still a large room for improvement compared with the rate of 80%-95% in developed countries. The shortage of cold chain transportation rate also causes a high spoilage rate of agricultural products. For example, the spoilage rate of fruits and vegetables in China is approximately 15%, far higher than the average level of 5% in developed countries. All of these are issues in urgent need to be resolved in the cold chain logistics, which in turn bring huge opportunities for development to them as well.By and large, the scale of China's cold chain logistics industry, also as a development direction with higher certainty, will reach trillion in RMB taking the long view.As the most critical link with the highest technical content in cold chain logistics, cold chain equipment assumes an irreplaceable role.This is because in every link of cold chain logistics, namely from the "first kilometer", "circulation and transportation" to the "last kilometer", appropriate cold chain equipment shall be allocated to ensure refrigeration and freezing throughout the process. Especially in the medicine cold chain, in order to ensure the entire circulation process of drugs always within a specific temperature range, it has a strict operational process in the medicine cold chain transportation, with more stringent requirements on temperature control, temperature fluctuations monitoring and other aspects throughout the process.Since CIMC set up its first reefer container company in Shanghai in 1995, after 27 years of engagement in the industry, CIMC has become the largest global high-end cold chain equipment solution provider with a wide coverage and complete industrial chain, gradually forming a comprehensive layout of cold chain equipment by land, sea and air.In 2017, in order to expand and improve its strategic business chain of cold chain equipment, CIMC successfully incubated a "dual-innovation" enterprise, CIMC Cold Chain, which leverages CIMC's technological and manufacturing advantages in marine reefer containers and refrigerated vans to develop portable cold store business.At the end of 2020, CIMC Cold Chain formally introduced external strategic investors and embarked on a new "fast track" of development, focusing on the layout of multi-functional modularized reefer container business in the "first kilometer" and "last kilometer" of agricultural products and fresh food e-commerce. The portable cold store, as the main business of CIMC Cold Chain, is an important part of CIMC's development strategy in the cold chain industry. Urbanization and new consumption patterns such as e-commerce have had a profound impact on the cold chain industry. The centralized cold chain model, with large cold stores and traditional supermarkets as the main nodes, will also convert to a distributed cold chain model with field locations, transportation network nodes and urban front-end warehouses.Under new opportunities from the rapid industrial development of China's cold chain, CIMC Cold Chain has actively developed and promoted "new technologies, new equipment and new models" to accelerate industrial changes, improve the efficiency and quality of the cold chain industry, and lead the cold chain logistics industry to a new leap forward, thus becoming the leader of distributed cold chain equipment in China.The third arrow of innovative businesses was shot at new materials, with CIMC Bamboo Chain Technology Co. and CIMC Composites Co. emergingAccording to the author's understanding, the reason why CIMC has been able to establish its core competitive advantage of industrial clusters and accumulate a deep "moat" foundation in the energy and logistics fields is always inseparable from the advanced production modes and high-end manufacturing capabilities owned by CIMC. As mentioned, any manufacturing industry needs full support and cooperation of the upstream and downstream of the industry in order to achieve a real competitive advantage.It is, therefore, not difficult to understand why the third arrow of CIMC's innovative businesses has been shot selectively at the new materials industry. Like the semiconductor industry, the upstream materials and equipment sector has always been at the very top of the pyramid, and that whoever controls the key manufacturing materials and equipment, it is sure to grasp the lifeblood and future of numerous industries.We have identified CIMC Bamboo Chain and CIMC Composites as the very representative of CIMC's pioneers in the new materials field.CIMC Bamboo Chain Technology Co., Ltd. has the world's exclusive technology in the biodegradable material industry, which means that plants (such as bamboo, reeds, etc.) can be used to produce low-carbon biodegradable products (generally renewable fibers or powder) through purely physical treatment, with no chemical treatment required throughout the production process, greatly reducing water consumption and chemical pollution.According to the announcement, on 11 November 2022, CIMC Bamboo Chain Technology Co., Ltd. signed a cooperation framework agreement with Yueyang Economic and Technological Development Zone Management Committee. According to the agreement, CIMC Bamboo Chain Technology will actively promote the construction of the CIMC New Renewable Fiber Industrial Park project in Yueyang Economic and Technological Development Zone, which will use the instant catapult steam explosion technology, an exclusive global technology owned by CIMC Bamboo Chain, to produce plant fibers/powder.This move may become another milestone event in the industrialization and commercialization of patents in CIMC's innovative businesses, which also means that it will be able to bring more value, increase new sources of revenue and improve the utilization of patents within the Company, as well as enhance the efficiency of the innovation transformation results.When it comes to Qingdao CIMC Composites Co., Ltd., it has been aiming to become a leader in the thermoplastic composite industry since its inception in 2018. In July 2022, CIMC Composites was successfully listed on the list of provincial-level "Specialized and New" enterprises in 2022 by the Department of Industry and Information Technology of Shandong Province with its innovative development in the field of thermoplastic composites.In the context of promoting energy conservation, emission reduction and green low-carbon, CIMC Composites has mastered the core technology to produce continuous fiber reinforced thermoplastic composites (CFRT) with the unique attributes of "light weight and high strength". The refrigerated van produced with this new material has no odor, and also has the characteristics of water, moisture, corrosion and impact resistance. It is a complete alternative to the traditional FRP material, which emits a constant pungent odor and produces large quantities of formaldehyde and benzene during the manufacturing process. In addition, this continuous fiber reinforced thermoplastic composite (CFRT) and its processed products can be recycled an unlimited number of times, which is very beneficial to the environment and is in line with trend of low-carbon environmental protection advocated by the global industry. Based on the above advantages, this new material is now used in a large number of refrigerator vans produced by the Shandong base of CIMC refrigerator vans and in the refrigerator van products of major brands across China.With the development of national economy and the progress of new material technology, this kind of thermoplastic composite material with the advantages of light weight and environmental protection has been more and more widely used in the fields of transportation, pressure pipeline, construction and household, etc. It will also become an important driver for upgrading more industries in the future, with huge development potential and a broad market space. Leveraging the advantage of innovative technology, CIMC Composites has become one of the fast-growing enterprises in the domestic new materials industry, and has developed into a national high-tech enterprise in less than four years, with an annual output value of over RMB100 million, successfully developing more than 30 new products and maintaining the momentum of rapid business growth.Through the "emergence" of CIMC Bamboo Chain and CIMC Composites, CIMC has opened up a new development stage of "from 1 to 100" in several promising segments of the new materials industry, directly bringing a new hope of higher-level upgrading and alternative development to many industries from the upstream of the manufacturing and the source of technology.Finally, from the booming development momentum of CIMC's innovative businesses, it can be concluded that as innovation is always the first driving force for development, CIMC will ultimately advance itself, its industry and society to new heights of high-quality development through the in-depth implementation of its innovation-driven development strategy. There is no doubt that this idea and determination are correct, and the results of its practice will eventually prove that victory will be on the side of human progress and evolution. The future of CIMC is bound to be promising, and the take-off of CIMC will surely be seen again. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

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Chris Cassidy Joins Mojix as President and Chief Commercial Officer

Boca Raton, FL, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Mojix, a leading inventory management and supply chain traceability enterprise SaaS platform, is pleased to announce that Chris Cassidy has joined the company as President and Chief Commercial Officer. This announcement comes as the direct result of the tremendous success Mojix has attained over the past several years, as the company has recorded significant growth and improvements in revenue, customer expansion, and product innovation. Supporting these achievements, the company has developed strategic partnerships for serialization and RFID Barcoding used by leading food & beverage, luxury brand, manufacturing, industrial, aerospace & defense, and retail clients across the globe.Chris CassidyDan Doles, Mojix CEO, said, "Chris joins Mojix with more than 20 years of executive leadership in various supply chain management roles and brings deep domain expertise and a stellar track record working with leading global enterprises on digital transformation and supply chain optimization. Chris is a recognized expert in supply chain management, logistics, and enterprise supply chain SaaS solutions, across both customer operations, strategy, sales and marketing. We are excited to partner with Chris to further our long-term strategic vision and provide value to our customers as a best-in-class item-level traceability SaaS platform."Before joining Mojix, Chris was EVP & Chief Revenue Officer at Trax Technologies. Previously, he held various supply chain leadership positions of increasing responsibility at Gartner, UPS, and GSK. He holds a BS in Industrial Engineering from Georgia Tech and an executive programme certification in supply chain management at MIT.Pete Leibman, Managing Director of Peak Rock Capital, added, "the Board is thrilled to have Chris join the executive leadership team at Mojix, and exemplifies our commitment to drive accelerated growth in the years to come."Chris stated, "I am both humbled and honored to be named President and Chief Commercial Officer of Mojix. I am excited to drive further acceleration of the company's growth as we continue to lead the industry in customer satisfaction, global program delivery and product innovation for end-to-end visibility and traceability. The aim is to continue leveraging the maturing serialization and RFID barcoding technology solutions with the purpose of driving smarter and intelligent insights. Through collaboration and innovation with our customers and strategic partners, our advances in bringing together the physical and financial data flows will empower global enterprise manufacturers, distributors, and retailers to improve visibility and traceability for optimized financial performance of their Supply Chain networks during these most uncertain of times. Our times require both an agile and resilient supply chain to manage cost-to-serve and inventory assets."About MojixMojix is a global leader in item-level supply chain intelligence software. The firm is leading the way in traceability solutions utilizing its high security, globally scalable cloud-native SaaS platform. Founded in 2004, the Company has deep domain expertise in serialization technologies such as RFID, NFC, and print-based marking systems. Mojix builds business intelligence from event-triggered actions tracking billions of unique identities, following item lifecycles from source to shelf. Companies can leverage the seamlessly integrated data to increase their sales and operational efficiency, reduce major risks and enhance their customer experience. With offices across the United States, Europe and South America, Mojix is now a recognized expert in end-to-end, item-level track and trace, product authentication and automated inventory management. Learn more at www.mojix.comAbout Peak Rock CapitalPeak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock's equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock's credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock's real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.Editorial/Media ContactsJim Donaldson, Sr. Director, Corporate CommunicationsMojix, Inc(314) 223-4779jim.donaldson@mojix.comHelene de Lailhacar, VP MarketingMojix, Inc.(33) 6 70 61 72 22helene.delailhacar@mojix.com(c) Mojix, Inc. Mojix and ytem are registered trademarks of Mojix, Inc.SOURCE: Mojix, Inc Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

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WEB3 Gaming Project, Chain Joes’s Whitelist Is Open Now – Declaring War on the Real Enemies of Web3

Zurich, Switzerland, December 21, 2022 – (SEAPRWire) – Chain Joes ramps up its marketing effort and invites gamers everywhere to join the whitelist and be the first in line to take on the real enemies populating WEB3. “WEB3 should be a safe haven of innovation and ingenuity, but sadly, there are plenty of people out to exploit others through scams, manipulation, and valueless projects…” – Gary Yankovich, CEO of DAMNN! creative production. Remember when FTX screwed up? As Chain Joes, players will combine their strength and fight against all the real enemies in a new and engaging mobile game. Chain Joes offers players the opportunity to destroy, dismantle, and decimate the spammers, scammers, and hackers, preventing WEB3 from evolving into the magnificent resource the world needs. But from what they say, the fight on users’ hands will not be an easy one. Chain Joes uses a ‘Play AND Earn’ model that puts the player’s experience ahead of earnings and welcomes everyone to take part in the battle against those out to destroy WEB3. This game will be 100% free to play, removing the barrier of entry and encouraging gamers from all walks of life to try their hand at WEB3 gaming. Chain Joes is dedicated to adding earning mechanics that empower players, improve the gaming experience, and give them the opportunity to truly own their in-game assets. Chain Joes is supported on their path toward their goals by Mach5. Mach5 gives full support to blockchain projects operating in the fields of defi, gamefi, and tradefi, and they are fully behind the Chain Joes project. Located in Zug (Switzerland), Mach5 is surrounded by blockchain-driven companies like the Ethereum Foundation. Besides owning and contributing to Chain Joes projects, Mach5 also invests in other projects, like PayAccept, which is launching a mobile wallet in the first quarter of 2023. The PayAccept wallet will include the CJ token so every gamer will be able to hold their tokens in their pocket. Chain Joes is a project built by gamers for gamers with support from blockchain professionals, marketing professionals, gaming professionals, and VCs. Everyone involved is ready to help players join in with WEB3 and take on enemies that lurk within. Chain Joes is the real deal, with plenty of credible backing and support. Join the Chain Joes whitelist today will grant EXCLUSIVE access to join the private sale starting after on the 26th of December. There are some incredible perks and bonuses available for early investors that will not be available to anyone else. With even more exclusive bonuses available for early investors. The private sale and opportunity to be in the front row will ONLY be available until the end of the year. People who take action and invest now will be in the perfect position to cash in BEFORE the big IDO explodes into life in Q1 2023. Don’t miss out on the chance to secure all the bonuses now! Join the fight to protect the DAO and get on the whitelist. The whitelist for Chain Joes is open NOW. Join the whitelist here – https://chainjoes.com/ Social Links Twitter: https://twitter.com/chainjoes Medium: https://chainjoes.medium.com/ Telegram: https://t.me/chainjoes Discord: https://discord.com/invite/chainjoes LinkedIn: https://www.linkedin.com/company/chainjoes/ Media Contact Brand: Chain Joes Contact: Michal Sykora / Christiaan van Steenbergen Website: https://chainjoes.com/ SOURCE: Chain Joes The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

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Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Collaborate to Produce e-methane in the US and Transport It to Japan, Utilizing Cameron LNG in Louisiana

TOKYO, Nov 29, 2022 - (JCN Newswire via SEAPRWire.com) - Tokyo Gas Co., Ltd. (TG), Osaka Gas Co., Ltd. (OG), Toho Gas Co., Ltd. (THG) and Mitsubishi Corporation (MC) have entered into an agreement and commenced to conduct a detailed joint feasibility study on a project to produce synthetic methane (e-methane) in Texas or Louisiana, liquefy it at the existing Cameron LNG facility, and transport it to Japan utilizing other existing infrastructure, including LNG ships and receiving terminals in Japan. The targeted e-methane production volume is 130,000 tons per year1 to start in 2030. This project is in line with the Japanese government's goal to achieve carbon neutrality in 2050, for which it is crucial to introduce carbon neutral gas that can meet the heat demand in the country. e-methane can be transported via the existing gas infrastructure and combusted in the present gas appliances without enormous costs of replacing or modifying them, which would be required to introduce other decarbonized gaseous energy carriers, such as hydrogen. Therefore, the government supports e-methane initiatives as a potential solution to transition into the net zero society smoothly, and it has been discussed intensively how to initiate and develop e-methane supply chain in Japan's Public-Private Council for the Promotion of Methanation, an organization established in June 2021, where TG, OG, THG and MC have participated. For e-methane's better visibility, it is effective to promote the synthetic methane in Japan and overseas, simultaneously and important to establish cost-competitive e-methane supply chain from overseas where renewable power is accessible at low cost. While the four companies are respectively conducting feasibility studies on various locations for e-methane outside Japan, they have selected areas near to the existing Cameron LNG facility as most suitable as of now for e-methane production by their joint venture. This decision was made in light of accessibility to the infrastructure for feedstock procurement and high possibility of achieving early establishment of the supply chain. The four companies will continue to conduct feasibility studies on other promising locations to expand its e-methane procurement capabilities for enhanced energy security of Japan. The four companies intend to accelerate the detailed study to realize the world's first large-scale production and international supply chain of e-methane while working to achieve a carbon neutral economy in Japan utilizing e-methane. (1) 130,000 tons is equivalent to 1% of the total annual city gas demand of TG, OG, and THG combined.For more information, visit www.mitsubishicorp.com/jp/en/pr/archive/2022/html/0000050341.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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The 12th Asian Logistics, Maritime and Aviation Conference Opens

HONG KONG, Nov 22, 2022 - (ACN Newswire via SEAPRWire.com) - The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and Hong Kong Trade Development Council (HKTDC), opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in person and online. This year's ALMAC is expected to attract over 14,000 viewers from over 50 countries and regions. At this annual signature event for the maritime, air freight, logistics and supply chain management sectors and shippers from different industries, more than 90 industry experts and leaders will share their insights at close to 30 sessions.Dr Peter Lam, HKTDC Chairman, said the disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges.The opening session was officiated by Paul Chan, Financial Secretary of the HKSAR.The 12th edition of the Asia Logistics, Maritime and Aviation Conference, jointly organised by HKTDC and Government of the Hong Kong Special Administrative Region, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) in a hybrid format.Dr Peter K N Lam, Chairman of the HKTDC welcomed international delegates to the conference, saying: "In the past year, economies have confronted a myriad of challenges, not least the pandemic, war, inflation and rising energy prices. No country or region, including Hong Kong, is immune to these developments. This attests to how connected our world is today. We may live on opposite sides of the world from each other, but the phenomenon of globalisation has, particularly over the last few decades, intertwined our fates ever closer. The logistics, maritime and aviation industries are a principal driver and guardian of our interconnectedness. In today's increasingly globalised world, they flourish most in an environment of stability. The resilience and sustainability of global supply chains guarantee their continued growth. The disruption and delays caused by the pandemic in the past three years have highlighted an urgent need to assess how we can manage supply chains differently, so they are better equipped to withstand future challenges."Paul Chan, Financial Secretary of the HKSAR, officiated at the online opening, saying: "There is clear and compelling direction in the National 14th Five-Year Plan and the development plan for the Greater Bay Area. Together, they confirm Hong Kong's future as both an international shipping centre and a premier international aviation hub. To achieve those goals, Hong Kong will continue to integrate into our country's overall economic development. We will fully embrace the boundless opportunities they present us, in logistics - and a great deal more. There is, strategic direction, too, in this year's theme: 'The Future of the Sustainable Supply Chain: Connectivity, Collaboration, Innovation.' It hammers home what we need to realise the future we want."International speakers analyse the latest trends in the global logistics, shipping and air freight industriesThis year's conference featured a wide range of panel discussions and forums with a strong line-up of speakers. Global industry leaders discussed international and regional collaboration, the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Regional Comprehensive Economic Partnership (RCEP), innovation and technology, and sustainable developments from a variety of perspectives.In the keynote address this morning, Xiangchen Zhang, Deputy-Director General of the World Trade Organization, examined how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption."Challenges and opportunities are the two sides of the same coin. To address common challenges in global supply chains, we will rely on connectivity, collaboration and innovation," said Zhang.This was followed by the Plenary Session featuring global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, who discussed how business evolution and supply chain transformation can steer business growth and achieve sustainable development amidst the current economic climate by building connectivity, fostering collaboration and driving innovation.Mathieu Renard Biron said: "Given all the disruptions of supply chain in the past two years, more opportunities will be coming from Asia while leading to the change of people's expectations and experiences." He added that collaborations and partnerships are needed to foster innovation. The use of AI machine learning technology, for example, is part of our new normal.Air Freight Forum: Hong Kong as an international aviation hub in the post-pandemic eraAs an international aviation hub, the Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports in the world. The Air Freight Forum, co-organised with the Airport Authority Hong Kong, discussed HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and airports in Mainland China.Maritime Forum: The Way forwardConnectivity is a major component of cooperation among GBA cities. In the first of two Maritime Forums on day one, leaders from the maritime and technology sectors examined Hong Kong's role as an international maritime hub in the GBA. Industry experts engaged in conversation on shipping sustainability, decarbonisation and digitalisation in the second Forum.The Power Dialogue, titled "Asia for Asia - Powering the Growth of Supply Chain Networks", featured Kian Chuan Chang, Regional Director of Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings), Wingco Lo, Executive Vice President of The Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service and Eva Tsang, Assistant Vice President and Executive Director Opal Cosmetics Group. They looked at how RCEP creates opportunities through the integration of regional trade and supply chains and shared their strategic plans for capturing future opportunities.In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, shared how businesses can capture opportunities created by supply chain integration in the GBA. This session provided practical insights and solutions for SMEs looking for expansion into the GBA.Tech experts at InnoTalks underscored game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.Asian Logistics, Maritime and Aviation Exhibition: Connecting logistics technology and solution providers with shippersOver 50 exhibitors showcased their latest logistics and supply chain solutions, and innovative technologies to help SMEs enhance their global supply chain management. The HKTDC also arranged business matching sessions for participants to drive more business cooperation.In addition to the main physical event in Hong Kong, the HKTDC organised ALMAC satellite conferences in Chengdu, Fuzhou, Wuhan, Taiwan, Budapest, Edinburgh, Hamburg, Milan, Paris, Sydney and Warsaw. In addition to running a live broadcast of the Conference, some experts participated in selected satellite venues to address logistics issues and shared experiences from a local perspective.Shipper's Forum shares latest fulfilment trendsThe newly introduced Shippers' Forum, titled "E-commerce Fulfillment in Asia", will be held tomorrow (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions.In the Power Dialogue on the same day, Pippo Au, Head of Supply Chain of Maxim's Group and Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will highlight how companies are marching towards a sustainable supply chain.In the Closing Session, Chee Choong Ng, Senior Vice President & Managing Director Hong Kong & Macau, DHL Express (Hong Kong), Fox Chu, Partner of McKinsey, John Parkes, Managing Director - Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.Flagship event of Hong Kong Maritime WeekALMAC is Hong Kong Maritime Week's flagship event and is organised by the Hong Kong Maritime and Port Board and supported by the Hong Kong Logistics Development Council.ALMAC: https://www.almac.hk/main/en/ALMAC programme: https://almac.hktdc.com/conference/almac/en/programmeALMAC speaker list: https://almac.hktdc.com/conference/almac/en/speakerPhoto download: https://bit.ly/3TZdIC6About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media EnquiriesPlease contact Impact Communications Company:Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.comRaymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.comHKTDC's Communications & Public Affairs Department:Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.orgClementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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China Wantian Holdings Announces FY2022 Interim Results

HONG KONG, Nov 18, 2022 - (ACN Newswire via SEAPRWire.com) - China Wantian Holdings Limited ("China Wantian Holdings" or the "Group"; stock code: 01854.HK) announces its unaudited interim results for the six months ended 30 September 2022 (the "Reporting Period"). Following the completion of the general offer in August 2021, the Group has officially stepped towards a new milestone by setting up business operation points in Shenzhen city and Zhongshan city, as well as establishing its headquarters in the Guangdong-Hong Kong-Macao Greater Bay Area (the "Greater Bay Area") to expand its business in the region. The year 2022 marks a new chapter for the Group, during which the Group doubles its effort to develop three main businesses including supply chain, catering, as well as environmental protection and technology, in the Greater Bay Area market.During the Reporting Period, China Wantian Holdings began to develop business in the Greater Bay Area, while maintaining its business in sourcing, processing and supplying food ingredients, with a focus on the provision of vegetables and fruit to food service operators in Hong Kong. It currently supplies in excess of 1,300 food ingredients to more than 480 customers. During the Reporting Period, the Group's revenue from the existing business remained stable and the total revenue increased by 0.74% year-on-year to approximately HK$68.7 million (six months ended 30 September 2021: approximately HK68.2 million). During the Reporting Period, thanks to the improvement in product mix, gross profit surged by approximately 33.4% year-on-year to approximately HK$14.9 million (six months ended 30 September 2021: approximately HK$11.2 million), and gross profit margin improved to approximately 21.7% from approximately 16.4% in the same period of last year. However, the establishment of the Group's Shenzhen headquarters and Zhongshan branch and active expansion of its business in the Greater Bay Area has lifted up the Group's operating expenses, thus resulting in a net loss of approximately HK$8.1 million (six months ended 30 September 2021: net loss of approximately HK$1.4 million), inclusive of an expense resulting from share option of HK$3.8 million. The investment in operating expenses is beneficial to the Group's business expansion, and is expected to contribute to the Group's long-term development eventually.In May 2022, the Group established its Greater Bay Area headquarters in Shenzhen's Nanshan district, marking its official debut in the high-potential Greater Bay Area market. Subsequent to the establishment of its headquarters in the Greater Bay Area, the Group continued to adopt its multi-pronged approach to accelerate the business development in the region. At the same time, the Group announced that it will double its effort to develop three main businesses including supply chain and catering, as well as environmental protection and technology to actively establish a leading green brand in the Greater Bay Area. Moreover, the Group officially set up its Zhongshan branch in June 2022, signifying that Zhongshan city will become the Group's regional headquarters in the Zhuhai-Zhongshan-Jiangmen Economic Circle. The Group is also optimistic about the business prospects of Zhongshan city and sees it as the starting point of its three main businesses, followed by gradually expanding its businesses to the Greater Bay Area market.With regards to supply chain business, the Group capitalises on its advantages in Hong Kong supply chain business, boosting efficiency of every sessions and striving to deliver fresh ingredients namely seafood, meat and vegetables to customers in a safe and efficient manner, with the fastest time and at the lowest cost. At the same time, the Group plans to replicate its successful experience gained in Hong Kong to the Greater Bay Area market. In November 2022, the Group announced that it intends to acquire Shenzhen Wealth Source Trading Development Company Limited* ("Shenzhen Wealth Source"), which is a domestic fresh food supply chain service provider in the PRC. It marks the Group's expansion of its supply chain business into the Greater Bay Area market. Shenzhen Wealth Source is principally engaged in the trading of live cattle, fruits, vegetables, seafoods and food ingredients in the PRC. It sources live cattle from Inner Mongolia and distributes them to slaughterhouses in the Greater Bay Area. It also supplies and offers fruits, vegetables and seafood to restaurants in the Greater Bay Area. Acquiring Champion Point with well-established business network and customer base in the PRC will allow the Group to offer comprehensive service packages to the customers and broaden customer base, thus expediting the development of supply chain business. With regards to catering business, the Group strives to seize the business opportunities of the catering industry in the Greater Bay Area, further expanding its restaurant network to other cities and its catering business territory in the Greater Bay Area. Leveraging its whole-of-industry supply chain in the upstream, midstream and downstream segments, the Group strategically opened restaurants that specialises fresh food ingredients in the heart of Zhongshan's busiest areas, gradually expanding the brand Wantian Catering. The four restaurants cater mainly to young consumers, specialising dishes for customers who love to "check in" and eat healthily. While the reach of Wantian Catering gradually extends, the Group has been actively enhancing its brand recognition in the Greater Bay Area and expanding its customer base in order to grow its market share.With regards to environmental protection and technology business, the Group actively supports the national development approach of "modern agricultural technology and environmental protection", integrating agricultural technology and green environmental protection, utilising available rooftop for farming and increasing the urban green area, with a view of supporting sustainable development of the Greater Bay Area. Besides, the Group has also been actively supporting national policies to realise the vision of net-zero carbon emission by establishing a department dedicated to promoting modern agriculture and green education in primary and secondary schools and enterprises in the Greater Bay Area, with an aim of promoting a green and environmentally-friendly lifestyle and making the world a greener place.Being one of the most open and economically dynamic regions in the PRC, the Greater Bay Area plays an important and strategic role in the overall development of the country, and is now facing unprecedented development opportunities. The Group's management believes that the Greater Bay Area business will be its biggest driver of revenue growth, and is expected to generate steady and sustainable income over the long term. China Wantian Holdings aims to enhance the diversity of its development strategies by expanding its businesses. With the establishment of Shenzhen headquarters being the first step of its Greater Bay Area development strategy, the Group will focus on the synergies among the three businesses namely supply chain and catering, as well as environmental protection and technology, to foster unique strengths to overcome challenges and establish solid foundations. Looking ahead, leveraging on the extensive business experience of management and its well-established business network in the PRC, the Group will continue to identify potential business opportunities. By adhering to the business philosophy of "People-Oriented, Pragmatism, Creativity and Honest and Responsible", the Group will set up a one-stop food industry chain system covering from the source of cultivation to the food supply chain and the catering businesses, with a view to becoming a leading service provider for good life and a premier green brand in the Greater Bay Area.About China Wantian Holdings LimitedChina Wantian Holdings Limited (01854.HK) is an investment holding company. The Group is principally engaged in sourcing, processing and supplying food ingredients, with a focus on the provision of vegetables and fruit to food service operators in Hong Kong. It supplies in excess of 1,300 food ingredients to more than 480 customers. In May 2022, China Wantian Holdings established its Greater Bay Area headquarters in Shenzhen, marking its official debut in the Greater Bay Area market. The Group will focus on developing three main businesses in this market, including supply chain and catering, as well as environmental protection and technology to actively establish a leading green brand in the Greater Bay Area to provide customers with fresh, healthy and safe food, meanwhile striving to become a leading lifestyle service provider in China.For more details, please visit: chinawantian.etnet.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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The 12th Asian Logistics, Maritime and Aviation Conference takes place on 22 and 23 November

HONG KONG, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The 12th edition of the Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the Hong Kong Trade Development Council (HKTDC) and Government of the Hong Kong Special Administrative Region (HKSAR), will be held on 22 and 23 November at the Hong Kong Convention and Exhibition Centre (HKCEC) in person as well as online. ALMAC is one of a number of large-scale trade events organised by the HKTDC in Hong Kong in the past few months. This year's ALMAC is expected to attract over 14,000 participants from over 50 countries and regions.Wilkie Wong, CFO, Esquel Group; Frankie Yick, Chairman, HKTDC Logistics Services Advisory Committee and Legislative Councillor, Legislative Council; Dr Patrick Lau, HKTDC Deputy Executive Director; and James Leung, VP and Key Account, Geek+ [L-R]Under the theme, "The Future of the Sustainable Supply Chain: Connectivity - Collaboration - Innovation", ALMAC will examine issues faced by global businesses, such as the new normal supply chain, current challenges, opportunities through international and regional collaboration and future direction of sustainable development.ALMAC brings together participants from logistics, maritime, air freight and supply chain management sectors to gain insights, exchange market intelligence and explore business opportunities. In addition to the main physical event in Hong Kong, ALMAC will organise satellite conference venues in various locations, including Chengdu, Chongqing, Fuzhou, Wuhan, Taiwan, France, Germany, United Kingdom and Hungary. In addition to running a live broadcast of the conference, some satellite venues will invite experts to address logistics issues and experiences from a local perspective and participate in face-to-face exchanges."The macroeconomic environment has been very turbulent, due to a series of factors from inflation, aggressive rate hike and currency fluctuation to geopolitical tensions and energy and food crisis. Against all these uncertainties, this year's ALMAC will focus on how businesses can work together to cope with the challenges in the supply chain, climate change and the economic recovery. Other areas of discussion will include the opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Regional Comprehensive Economic Partnership (RCEP) and the innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development. ALMAC is a powerful platform to connect the global industry and I would encourage all shippers, including traders, exporters and manufacturers, to join the conference to understand the issues faced by the industry and capture new opportunities," said Dr Patrick Lau, HKTDC Deputy Executive Director.Exploring the current business landscapeAround 80 industry experts in logistics, maritime, air freight and supply chain will speak in person or virtually. On day one, Hong Kong Special Administrative Region Chief Executive John Lee will deliver remarks, followed by a keynote address by Xiangchen Zhang, Deputy-Director General of the World Trade Organization, who will examine how governments and businesses in the international arena may join forces to mitigate the impact of supply chain disruption; the climate change crisis on global trade; and the post-pandemic economic recovery, while fostering greater economic inclusion for equitable growth and stabilising the international supply chain towards achieving sustainable development.At the Plenary Session, ALMAC will invite global business leaders, including Mathieu Renard Biron, Managing Director of Global Freight Forwarding of Kerry Logistics, Ludovic Renou, CEO of CMA CGM China and Wilkie Wong, Chief Financial Officer of Esquel Group, to speak on how business evolution and supply chain transformation can steer business growth and achieve sustainable development across the current economic landscape building connectivity, fostering collaboration and driving innovation in the vibrant business environment, in order to navigate the new normal.In the Power Dialogue on day one, titled "Asia for Asia - Powering the Growth of Supply Chain Networks", Kian Chuan Chang, Regional Director, Customs Brokerage & Trade Compliance of GEODIS APAC (Holdings) Pte. Ltd., Wingco Lo, Executive Vice President of the Chinese Manufacturers' Association of Hong Kong, Daryl Tay, President, North Asia District of UPS Parcel Delivery Service Limited, and Eva Tsang, Assistant Vice President and Executive Director of Opal Cosmetics Group Limited, will discuss how RCEP creates opportunities through integration of regional trade and supply chains and share their strategic plans for capturing future opportunities.In the Thematic Session, Terence Chiu, Commissioner of the Hong Kong Export Credit Insurance Corporation, together with Ivy Tse, Co-Chief Executive Officer and Co-Founder of FreightAmigo, will share their insights on business strategies for the GBA, and how to capture the business opportunities created by supply chain integration in the GBA. The talk will provide workable insights and practical solutions for SMEs that want to expand markets in the area.InnoTalks to explore smart tech in the supply chainTechnology advancements are not constrained by geographic boundaries and changes how companies operate and reshape the future of the logistics industry. James Leung, Vice President and Key Account of Geek+, Tim Liu, Vice President, Marketing of Neolix Technologies Co., Ltd. and Julian Ma, Founder and CEO of Inceptio Technology will share game-changing innovative solutions and technologies that are driving advancements in modern logistics and smart supply chain development, helping companies to stay ahead of shifting consumer demands and expectations.Air Freight Forum to discuss Hong Kong as an international aviation hub in the post-pandemic eraThe Hong Kong International Airport (HKIA) is one of the busiest and most advanced airports and continues to consolidate its status as an international aviation hub. In 2021, HKIA handled five million tons of cargo and retained its position as the world's busiest cargo airport for 10 consecutive years.On the first day of the Conference, the Air Freight Forum, co-organised with the Airport Authority Hong Kong, will invite Marco Bloemen, Managing Director of Seabury Cargo, Samuel Lee, General Manager of DHL Express Central Asia Hub and Yin Daxue, CEO of Hong Kong Cingleot Investment Management Limited, to discuss HKIA's "Airport City" vision covering the third runway, express air cargo terminal expansion, the new premium logistics centre, staff training strategies and the synergy created by HKIA and the airports in Mainland China.Maritime Forum to examine the GBA and sustainable developmentEdward Liu, Partner of Haiwen & Partners LLP and Principal Representative of International Chamber of Shipping (China) Liaison Office, will examine Hong Kong's unique role as an international maritime hub. The global maritime industry is transitioning and there is an urgency to identify tangible action plans for sustainable development to achieve the International Maritime Organisation's 2050 greenhouse gas reduction target.The second Maritime Forum will invite Simon Bennett, Deputy Secretary General of International Chamber of Shipping, Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific of Maersk, Michael Karlsen, CEO of Onomondo and Michael Fitzgerald, Group Deputy Chief Financial Officer of Orient Overseas Container Line Ltd, to discuss shipping sustainability, decarbonisation and digitalisation through practical collaborative action and uncover the potential opportunities and benefits from switching to sustainable and digitalised shipping.Leading e-commerce marketplace to share success storyThe rise of e-commerce has led to several challenges for online retailers and warehouses, as companies and customers look for a transparent, cost-effective, flexible, omnichannel fulfilment that can meet their respective demands.The newly added Shippers' Forum will be held on the second day (23 November) with Jenny Hui, General Manager of eBay Hong Kong, Taiwan and Global Emerging Markets sharing the latest fulfilment trends and best practices for delivering reliable and agile fulfilment solutions that shape the future development of e-commerce.Major global business trend creating smart and sustainable supply chainSustainability is a popular topic on the world's supply chain agenda. In the Power Dialogue, Suzanne Cheung, Head of Public Affairs, Communications and Sustainability of Swire Coca-Cola Hong Kong, will share best practices of and carbon reduction approaches to integrating sustainability with the corporate core values and supply chain management for driving business growth and co-creating sustainable global development.HKTDC has organised two Supply Chain Management & Logistics Forums with The Hong Kong Shippers' Council and GS1 Hong Kong, respectively. For Supply Chain Management & Logistics Forums I, industry experts Lyan Law, Head, Industry 4.0 and Industrial Drone Solution of the Hong Kong Productivity Council, Felix Wong, Sales Director of Acquaintance Enterprises Limited, will share smart and agile supply chains through innovations. For the Supply Chain Management & Logistics Forums II, Ben Au, General Manager of Empower SCM Ltd., Johnny Wong, Director, Supply Chain Asia Pacific of Bausch & Lomb HK Limited and Rick Woo, Co-founder of LOST, will talk about smart and innovative supply chains and operational strategy transformation from an omnichannel model to a meta-channel model.In the Closing Session, Chee Choong Ng, Senior Vice President & Managing DirectorHong Kong & Macau, DHL Express (Hong Kong) Limited, Fox Chu, Partner of McKinsey, John Parkes, Managing Director - Integrated Logistics of Kerry Logistics and Graziano Terenzi, CEO of Inglobe Technologies, will discuss the metaverse and how the logistics industry can make use of robotics, extended reality, augmented reality and other technologies to drive industry development.During ALMAC 2022, the discussions are complemented by an exhibition featuring over 50 exhibitors showcasing logistics and supply chain solutions, innovative technology and operating systems, which help SMEs enhance their global supply chain management. The HKTDC will be arranging business matching sessions for participants to drive more business cooperation.The forums will gather many notable speakers, including: (the sequence is sorted alphabetically by the speakers' surnames)- Simon Bennett, Deputy Secretary General, International Chamber of Shipping- Edward Liu, MH, Partner, Haiwen & Partners LLP., Principal Representative, International Chamber of Shipping (China) Liaison Office- Mathieu Renard Biron, Managing Director - Global Freight Forwarding, Kerry Logistics- Chee Choong Ng, Senior Vice President & Managing Director, Hong Kong & Macau, DHL Express (Hong Kong) Limited- Terence Chiu, Commissioner, Hong Kong Export Credit Insurance Corporation- Daryl Tay, President, North Asia District, UPS Parcel Delivery Service Limited- Ludovic Renou, Chief Executive Officer, CMA CGM China- Eva Tsang, Assistant Vice President and Executive Director, Opal Cosmetics Group Limited- Jenny Hui, General Manager, eBay Hong Kong, Taiwan and Global Emerging Markets- Ivy Tse, Co-Chief Executive Officer & Co-founder, FreightAmigo- Anne-Sophie Zerlang Karlsen, Head of Ocean Operations, Asia Pacific, Maersk- Wilkie Wong, Chief Financial Officer, Esquel Group- James Leung, Vice President, Key Account, Geek+- Xiangchen Zhang, Deputy-Director General, World Trade Organization- Mr Michael Fitzgerald, Group Deputy Chief Financial Officer, Orient Overseas Container Line LtdMembers of the media wishing to interview speakers can email interview requests to raymond.lee@impact-cc.com or cindy.chung@impact-cc.com by 18 November 2022. For the latest programme and speaker list, please visit: https://www.almac.hk/main/en/.Photo download: https://bit.ly/3hEFnemAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia EnquiriesPlease contact Impact Communications Company:Cindy Chung, Tel: +852 9166 0827, Email: cindy.chung@impact-cc.comRaymond Lee, Tel: +852 6539 4089, Email: raymond.lee@impact-cc.comHKTDC's Communications & Public Affairs Department:Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.orgClementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Xiamen Xiangyu Co., Ltd.: A Giant of Commodity Supply Chain Service, Reaching Record High Results in the Last Three Quarters

HONG KONG, Oct 26, 2022 - (ACN Newswire via SEAPRWire.com) - On the evening of Oct. 26, Xiamen Xiangyu Co., Ltd. (600057. SH) released the Q3 financial results. In the first three quarters of 2022, the Company achieved operating revenue of RMB 391.8 billion, with a year-on-year growth of 13.74%; achieved the net profit attributable to the shareholders of the parent company amounted to RMB 2.17 billion, with a year-on-year growth of 31.23%; achieved the return on equity of 15.26%, up 1.91 percentage points YoY. The Company's operating revenue and net profit attributable to the shareholders of the parent company both hit a record high in the same period, and the operating efficiency continued to improve.Xiamen Xiangyu is the leading commodity supply chain service company in China, with manufacturing enterprises in China as the main target group, and is committed to providing tailored supply chain solutions and one-stop services, including commodity procurement distribution, logistics, supply chain finance, information consulting, etc., to reduce circulation costs, improve circulation efficiency, assist manufacturing enterprises in cost-saving and profit-increasing, and earn service revenue. Xiamen Xiangyu has been operating commodities covering metals and minerals, agricultural products, energy and chemicals, new energy products, etc., and the key categories are ranked among the top in the industry. At present, the Company has taken the lead in the industry to build up a network for logistics service systems with "road transportation, rail transportation, water transportation and warehousing" as the core, covering the whole country and connecting with overseas, constructing a differentiated competitive edge.In the first three quarters of 2022, the recurrence of the COVID-19 epidemic, geopolitical tensions, and commodity price shocks put higher requirements on the management and risk control capabilities of commodity supply chain companies. Xiamen Xiangyu said, in the face of multiple challenges, the Company maintained strategic stability, continuously optimized customer structure, enriched the commodity portfolio, consolidated logistics support, improved the risk control system, moreover, effectively responded to industry cycle fluctuations and external risk issues; on this basis, we seized the opportunity to expand market share and explore business opportunities to ensure that the overall operation remains sound.According to the third quarter financial report, the service volume for manufacturing enterprises in Xiamen Xiangyu accounted for more than 50%, and the bulk commodity business segment in the cargo volume reached 141 million tons. The supply chain operating results in categories such as aluminum, new energy products, and soybeans achieved significant growth, among which the revenue of the new energy products supply chain reached RMB 14.7 billion, up 151% YoY; achieved the gross profit RMB 385 million, up 245% YoY.In recent years, Xiamen Xiangyu has been favored by more and more investment institutions with its complete business system, steady pace of development, and promising prospects. In the first half of 2022, Xiamen Xiangyu was held by five mainland social security funds at the same time, making it one of the most popular listed companies favored by social security funds in the A-share market.Looking ahead, Xiamen Xiangyu will anchor the strategic vision of "Becoming A World-class Supply Chain Service Company", continue to optimize the customer structure, commodity portfolio, business model, and profit model, enhance the risk control system, improve the level of comprehensive income, and strive to exceed the 2022 annual operating target.Click here for the full report: Xiamen Xiangyu Co., Ltd. Report for Third Quarter of 2022http://www.sse.com.cn/disclosure/listedinfo/announcement/c/new/2022-10-27/600057_20221027_3_QazgirXb.pdf Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Three Partners to Jointly Undertake Proof of Concept (PoC) Applying “CO2NNEX”, a Digital Platform for CO2 Accounting across its Supply Chain for Synthetic Methanes

TOKYO, Oct 24, 2022 - (JCN Newswire via SEAPRWire.com) - Osaka Gas Co., Ltd., Mitsubishi Heavy Industries, Ltd. (MHI), and IBM Japan, Ltd. have agreed to jointly conduct a Proof of Concept (PoC) of a system enabling visualization of the environmental value of synthetic methane, in the context of carbon dioxide (CO2) emissions across the entire supply chain. The system will make use of CO2NNEX, a digital platform for visualizing the CO2 supply chain being developed by MHI and IBM Japan targeted at visualization and optimization of synthetic methane's environmental value. In undertaking the PoC, the three partners will also exchange views with the Japan Gas Association, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and INPEX Corporation aiming for increased adoption of synthetic methane and the establishment of its environmental value.Today, discussions are underway concerning methods for counting and using CO2 in the context of CCU (carbon dioxide capture and utilization: with the captured CO2 used in the manufacture and usage of fuels, chemicals, building materials, etc.), including methanation, and studies are going forward into the application of the accounting methods to the use of synthetic methane, which is seen as a recycled-carbon fuel. The PoC to be jointly implemented is an initiative aimed at visualizing CO2 emission volumes across the entire supply chain, from synthetic methane's production to supply and combustion. The results of the PoC are expected to be useful for achieving visualization of the CO2 supply chain within CCU, setting CO2's trading methods, transferring its environmental value, and estimating the carbon footprint of synthetic methane supply recipients.CO2NNEX is a digital platform created for CCUS (CO2 capture, utilization and storage) aimed at connecting CO2-related ecosystems and accelerating the expanded use of environmental value. Under the current initiative, CO2NNEX will be applied to visualize original information on CO2 and hydrogen - the materials from which synthetic methane is made - and the CO2 emission volumes generated throughout synthetic methane's lifecycle, from production to transport, supply and combustion. By providing this traceable data, a shared platform will be developed for realizing visualization of synthetic methane's environmental value. The project also aims to incorporate future enhancement of trade - for example, through transfer of synthetic methane's environmental values - and to develop a system to serve as an industry standard usable by other manufacturers of synthetic methane.Today, a variety of demonstration projects relating to methanation are being planned, toward the production and widespread adoption of synthetic methane. Osaka Gas, MHI and IBM Japan, by applying the results of this PoC to future demonstrations of methanation, will contribute to achieving broad social adoption of synthetic methane and the realization of a carbon neutral society.About CO2NNEXCO2NNEX is a digital platform that provides transparency and flexibility in the CO2 supply chain and its environmental values in step with the rapid expansion of the value chain linking CO2 capture, storage and utilization, toward realizing a carbon neutral society. Actual CO2-related data is interconnected through IoT, and blockchain ensures advanced security with assured neutrality and fairness.About methanationMethanation is technology for synthesizing methane, a key component of natural gas from hydrogen and CO2. The resulting product is known as "synthetic methane." Use (combustion) of this synthetic methane results in no effective increase in CO2 for society as a whole because CO2, which is normally emitted into the atmosphere, is captured and recycled for use in making synthetic methane. Also, methanation is expected to be an economically efficient way of achieving carbon neutrality, with synthetic methane being distributed through the existing gas infrastructure and combusted in existing gas appliances, requiring no large-scale investment for constructing new energy systems or modifying the existing ones.Concept of a shared platform applying CO2NNEXA shared platform aims for quantification of synthetic methane's environmental values by quantitatively documenting information for tracking and managing CO2 emissions relating to the manufacture, supply (including transport) and usage of synthetic methane at multiple business operators and locations.Osaka GasIn January 2021 the Daigas Group announced its "Carbon Neutral Vision" for achieving carbon neutrality by 2050 through decarbonization of the component ingredients of city gas by methanation and other means, and of its power sources primarily through use of renewable energies. The company is also considering a number of methanation projects overseas - notably, in Australia, South America and Southeast Asia - in a drive to achieve broad adoption of methanation.MHIMHI Group is actively involved in programs targeting the realization of a carbon neutral society, and building a CO2 ecosystem is central to its energy transition initiative. As a global leader in CCUS, the company aims to accelerate this ecosystem development by seeking widespread adoption of related hardware as well as the CO2NNEX digital platform.IBM JapanApplying its experience in supporting numerous customers worldwide, IBM Japan looks to accelerate CO2NNEXT's development with its blockchain enabling data sharing with safety, transparency and outstanding reliability; its hybrid cloud technology for building an agile and flexible IT environment linking the cloud and existing systems; and its AI technology enabling visualization, automation and optimization of the value chain.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively

HONG KONG, Sep 1, 2022 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX Code: 493. HK, "GOME" or "the Company", and together with its subsidiaries, "the Group")announced its unaudited interim results during the six months ended 30 June 2022 (the "Reporting Period").The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completedIn 1H 2022, GOME continues to promote the implementation of the "Home . Living" Strategy, and based on the development philosophy from the platform perspective, users' perspective, and technology perspective, the Company created a "full retail ecosystem sharing platform" by establishing and integrating its six business platforms, namely "online platform, offline platform, supply chain platform, logistics platform, big data & cloud platform and sharing and joint development platform". The Group further promoted the grid-based model of "Home Living and Home Services" by implementing the core business strategies of entertainment-oriented marketing, low price, quality service, and technology, striving to meet the all-around consumption and service needs of family users.In the first half of the year, there are various lockdown and control measures in most regions affected by the recurring outbreaks of the pandemic in China, the momentum of economic recovery slowed down, and offline entities were disrupted significantly. And online business was also hit hard since the outbreak of the pandemic because of the disruption to the logistics service. However, with the gradual introduction of the national stimulus package, such as the stimulus to automobile consumption in June, or in July 13 departments including the Ministry of Commerce issued the "Several Measures on Promoting Green and Smart Appliance Consumption" to comprehensively promote the domestic green and smart household appliance consumption, would greatly benefiting the company's business recovery and significant growth in future. In 1H of 2022, the sales revenue of the Group was approximately RMB12,109 million, and the consolidated gross profit margin was approximately 19.81%, increasing substantially by 5.56 percentage points as compared to the corresponding period last year. The Group's operating expenses were approximately RMB4,839 million, which decreased by 3.10% as compared to the corresponding period last year. The Group's loss attributable to the owners of the parent was approximately RMB2,966 million. During the Reporting Period, the Group's cash flows generated from operating activities had significant improvement over the corresponding period last year, achieving a positive net inflow of RMB55 million.Focusing on the main business with a vertical model, reduce the burden in the second half yearThe field of household appliances is the traditional strength of GOME Retail, the Group's strategic focus in the coming period will focus on the main business with the vertical model. GOME will focus on retail sales of household appliances and consumer electronic products, based on the Company's years of experience in the retail field, relying on a large number of offline stores throughout the country and its existing supply chain and after-sales and other infrastructure, to form five main profit models: exhibition (offline boutique experience), marketing (online and offline omni-channel self-management + sharing supply chain), integrated solutions for home electronics products, extension products for wide scope home appliances and value-added services (delivery, after-sales, extended warranty, paid membership operation, etc.), in which the separation of exhibition and sales and adding the new offline display service charging model would benefit our revenue structure optimized. The effect of the transformation has been shown in the 1H 2022, the Group's consolidated gross profit was RMB2.4 billion, and the consolidated gross profit margin was approximately 19.81%, increased by 5.5 percentage points as compared to the corresponding period last year. By closing inefficient stores and expanding franchised stores, GOME will comprehensively optimize the store network layout, strengthening the cost reduction in the second half of the year. Maintaining the coverage of offline stores, the number of offline stores was reduced by 370, and the Company plans to close 30%-35% of inefficient businesses' self-operated stores in the future. Unrelated or loss-making businesses will be spun off, sold, or discontinued, and investment in expensive businesses will be gradually reduced. And since Q2, GOME has optimized personnel allocation, improved employees' quality and professionalism, and effective control the Company's salary costs.Offline stores optimized and upgraded, and the new model helps regain market shareThe Group will build an all-scenario and omni-channel provider of O2O appliances and consumer electronics retail by strengthening technology empowerment and comprehensively improving the operation quality of stores. While retaining 700 high-quality and efficient self-operated stores, the Group plans to add 100 superior city pavilions to optimize the grid-based model and improve the existing sales per unit area; with Gome's high-quality management model and supply chain, the Company will rapidly expand its network layout to cover the first to sixth tier cities nationwide with grid-based coverage to quickly regain its original market advantage.In addition, since July, stores in Chongqing, Wuhan, and other cities have begun to implement the new mode of operation. The new model stores will implement a separate exhibition and sales model to meet consumers' needs for a better product experience in reality. The new model stores focus on four dimensions: function, category, scenario, and sales per employee to provide customers with a more complete service experience. In terms of function, large stores and small stores focus on differentiation and further refinement of product categories; in terms of category, the Company focuses on high-end products and offline scenes of rigid demand to provide consumers with a more intuitive product experience; in terms of scenery, systematically planned store lines and more interactive demos display are used for specific products. Through single-brand multi-dimensional reuse enhancement, further improving efficiency and the sales model, will help to significantly improve sales per employee. The new model is expected to improve the sales per unit area and sales per employee of the stores by more than 40%.Comprehensive upgrade of supply chain model, empower quality productsTo enhance the selection and sales capacity of quality products, upgrading the supply chain model is an indispensable part. In the self-sourcing & underwriting custom model, based on the traditional supply chain, the Company will further increase the proportion of underwriting customization to achieve product differentiation and enhance the profitability of the supply chain. Further, the Company will deepen cooperation with suppliers, implement differentiation strategies, and more precise brand positioning; strengthen in-depth cooperation with head brands and enrich waist brands to empower the selection and sales of quality products and improve inventory turnover, which will be conducive to subsequent business development.Optimize asset structure, promote enterprise structure transformation and management upgradeTo increase the amount of tangible assets held by GOME, the Company acquired the property rights of two properties at a significant discount, GOME Commercial Capital and No. 9 Xiangjiang, which will be built as offline shopping and experience centers. The acquisitions will significantly improve the Company's asset adequacy ratio, enhance the confidence of financial institutions in supporting the Company's business, facilitate the Company's future refinancing and improve its core competitiveness.Moreover, to further professionally improve the profitability of the full-service closed loop of pre-sale, mid-sale, and after-sale and value-added services, the Company plans to acquire from the Controlling Shareholder part of the equity interest of Anxun Logistics at a substantially preferential price. Anxun Logistics has a competitive advantage in the field of large warehousing and distribution, which is a scarce advantageous asset in the market. Anxun Logistics' third-party business accounts for over 48% of its revenue and has good profitability and solid cash flow. It is expected to maintain an average growth rate of 20%-40% in the next five years and a net profit growth rate of over 40%. After the acquisition, it will become a new profit growth point for the Company.Strengthen technology empowerment and strategic cooperation, Actively take social responsibilityIn the first half of 2022, the Company entered into strategic cooperation with Huawei, Tencent, and Alibaba Cloud respectively, focusing on digitalization and big data/cloud for deep technology empowerment. The cooperation with Huawei focused on the digital enhancements of retail business. The strategic cooperation between the Company and Tencent covered big data & cloud, internet technologies, advertising and marketing, and smart stores. Reaching the strategic cooperation with Alibaba Cloud, the two parties will cooperate in the retail business, supply chain, marketing, operations, etc. By strategic cooperation with the top domestic Internet companies, and consolidating the resources and strengths of partners, technology empowers the actual business operation, will expedite the digital and intelligent transformation of approximately 4,000 stores of the Group in China, help to increase the overall scale of the Group, enable the Group to achieve low-cost traffic and precise marketing, enhance consumers' online and offline cross-scenario experience.During the Reporting Period, affected by the outbreaks of the pandemic, the Company is facing an uncertain external business environment. Nevertheless, the Group has always shouldered its social responsibilities by carrying out grid-based business management through its online platform "FUN" APP and offline network of approximately 4,000 GOME stores and developed the role of backbone enterprises internal and external. Internally, the Group strived to protect over 50,000 employees in 776 cities by implementing effective prevention and control measures. Externally, the Group was committed to securing stable supply and prices at all outlets and online platforms during the pandemic, ensuring healthcare products and daily necessities at normal prices. The Group took the initiative to maintain adequate supply and boost consumption during the pandemic by offering to deploy sufficient supplies to regions severely affected. Regarding outlook and prospects, the GOME management team said: "In the future, the Company will efficiently use the omni-retail ecological sharing platform, focus the vertical model on the main business and improve operational efficiency as the main strategic target in the next period, reorganizing the business segments and optimizing the asset structure, in order to cope with the impact of unfavorable market factors such as the pandemic, improve the profitability of the Company; using technological means to help the digital transformation of enterprises and improve consumer service experience. We will promote strategic focus in the existing development process, quickly realize the Company's operational elements, continue to improve operational efficiency, and enhance profitability. At the same time, strengthen interaction with external strategic partners, carry out more in-depth cooperation, and continue to empower each other in terms of goods, services, traffic, and technology, which is expected to achieve better profitability in 2023, reach the best level in history in 2024, and exceed the best level significantly in 2025."About GOME RETAIL HOLDINGS LIMITEDGOME RETAIL HOLDINGS LIMITED was listed on the Hong Kong Stock Exchange in July 2004 (Stock Code: 493HK). Founded in 1987 in China, GOME is a leading technology-driven, experience-based, entertainment-oriented, and socialized "Home . Living" technology retail service provider in China. Under the strategy of "Home . Living", GOME strengthens its technology empowerment and focuses on the retail of home appliances and consumer electronic products as its main business. Moreover, five main profit models have been formed: exhibition (offline boutique experience), marketing (online and offline omni-channel self-management + sharing supply chain), integrated solutions for home electronics products, extension products for a wide scope of home appliances, and value-added services (delivery, after-sales, extended warranty, paid membership operation, etc.).Please visit our website for more information: www.gome.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Fujitsu, Dentsu and ISID embark on strategic cooperation to contribute to sustainable business growth for customers and resolve environmental and social issues

TOKYO, Apr 22, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu, Dentsu Inc. (subsidiary of Dentsu Group Inc., hereinafter Dentsu), and Information Services International - Dentsu, Ltd. (subsidiary of Dentsu Group Inc., hereinafter ISID) today announced their strategic partnership starting April 15, 2022 toward the realization of a customer-oriented transformation along three value chains: "demand chain," "supply chain," and "engineering chain." Through their cooperation, the companies aim to contribute to the continued business growth of client companies and resolve environmental and social issues to achieve carbon neutrality.Image of the collaborationAs part of their partnership, the parties aim to support efficient coordination between the three aforementioned value chains of their customers by leveraging Fujitsu's know-how in supply chain management related business systems and various supply chain optimization technologies, Dentsu's strengths in customer insights and planning and production capabilities in demand chains, and ISID's extensive experience and knowledge in engineering chains.The companies aim to implement a system that helps their customers to immediately respond to consumers' diversifying needs by capturing changes in their behavior. The companies will further work to implement measures to support their customers in achieving net zero CO2 emissions in their businesses. These efforts will include the creation of models for supply and demand optimization based on customer-oriented product design, as well as demand forecasts to reduce the waste of resources and energy in the manufacturing process to contribute to the reduction of greenhouse gas (GHG) emissions.For many companies, the efficient internal distribution and exchange of customer information represents an ongoing challenge hindering sustainable business growth and the ability to flexibly adapt to new demands in the market, as information is often divided between different value chains including:1. The "demand chain," which relates to the management of information on consumer demands2. The "supply chain," a system to manage the production flow of a product from the procurement of raw materials to consumption and3. The "engineering chain," which relates to the management of processes from product planning to design and production preparation.The ability to better grasp customers' needs allows the supply side to optimize raw material procurement and production planning and thereby reduce losses from unsold goods and ultimately reduce the company's environmental impact and achieve sustainable growth.To address these issues, Fujitsu, Dentsu Inc., and ISID will collaborate to offer a traceability system to improve their customers' QCD (Quality, Cost, Delivery) and time-to-market (time from planning of a product to its release to the market) by providing planning and design departments of companies in the manufacturing industry with marketing information to contribute to an overall optimization of their value chain and sustainable manufacturing.As the first step of their collaboration, the partners will launch a joint project that combines the product life cycle management (PLM) system "Teamcenter" of Siemens Digital Industries Software(1), which has a proven track record in the field of engineering chain solutions for the manufacturing industry, with ISID's expertise in a wide range of solutions that cover the entire spectrum from business consulting in product development to IT system implementation and Fujitsu's know-how in customer business including MOM (Manufacturing Operations Management) and expertise in the introduction and implementation of solutions.Fujitsu, Dentsu Inc., and ISID will offer customers one of the largest PLM systems in Japan and promote DX in the engineering chain domain of the manufacturing industry by combining various data related to customer insights, product development and production.Fujitsu will further continue to promote its vision for "Sustainable Manufacturing," one of seven Key Focus Areas under its global business brand Fujitsu Uvance. Fujitsu aims to inspire sustainable and environmentally friendly lifestyles by building impactful and flexible ecosystems across industries and countries. With its expertise, Fujitsu is accelerating the creation of secure and resilient supply chains and a circular economy to achieve carbon neutrality.The Dentsu Group will transform itself into a "B2B2S (Business to Business to Society)" corporate group and will create medium to long term value for society by solving social issues through cooperation with client companies.(1) Siemens Digital Industries Software :Headquarters: Shibuya, Tokyo; Japan Country Manager: Kunihiko HoritaAbout FujitsuFujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com.About Dentsu Group Inc.Dentsu Group Inc. is a pure holding company of Detnsu Group that encompasses two operational networks: dentsu japan network and dentsu international. With a strong presence in over 145 countries and with approx. 65,000 dedicated professionals, the Dentsu Group provides a comprehensive range of client-centric integrated communications, media and digital services through approx. 130 companies domestically as well as through six leadership brands and approx. 800 companies internationally. Dentsu Group Inc. website: https://www.group.dentsu.com/en/About Dentsu Inc.In addition to providing various solutions for overall client marketing, Dentsu promotes the development of efficient advertising in response to changes in the digital age; designs optimal customer experiences; innovates marketing infrastructure; and transforms client business. We also integrate diverse capabilities that have evolved beyond the marketing domain to provide integrated solutions, which contribute to the sustainable growth of clients and society. For more information, please see https://www.dentsu.co.jp/en/.About Information Services International - Dentsu, Ltd.ISID defines its vision as "HUMANOLOGY for the future: Bringing people and technology together to shape the future" and supports the digital transformation of companies and society with solid technological and creative capabilities. In addition to providing the solutions we have cultivated in four fields--finance, manufacturing, business solutions, and communication IT--we promote "X Innovation (Cross Innovation)," or transcending technological, industrial, corporate, and regional boundaries. In this manner, we continue to create solutions that contribute to the advancement and coexistence of clients, consumers, and society. Please see our official website for the details. https://www.isid.co.jp/english/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Joint Feasibility Study on the Commercialization of Sustainable Aviation Fuel

TOKYO, Apr 19, 2022 - (JCN Newswire via SEAPRWire.com) - ENEOS Corporation and Mitsubishi Corporation have agreed to undertake a joint feasibility study aimed at commercializing Sustainable Aviation Fuel (SAF) and other next-generation fuels in Japan. This study aims to build a supply chain for SAF, which requires cross-industrial collaboration, by leveraging both companies' respective strengths. These include ENEOS' manufacturing technologies and distribution networks, together with MC's global expertise in raw material sourcing and marketing capabilities.After formulating a basic strategy that takes into account the maturity of various SAF manufacturing technologies and the necessary time for commercialization, ENEOS and MC will proceed with the study based on the following three approaches: (1) Developing sustainable feedstock derived from bio-based raw materials(2) Producing SAF with newly emerging techniques(3) Building a supply chain for next generation fuels, with a focus on SAF In the aviation industry, there is growing momentum towards the adoption of SAF in Europe and North America in order to align with CORSIA*, Carbon Offsetting and Reduction Scheme for International Aviation that will commence in 2027. This would drive the growth of the SAF market on a global scale going forward.In addition, the Japanese government has proposed a target to replace 10 percent of the jet fuels consumed by Japanese airlines with SAF by 2030. This makes establishing a SAF supply chain in Japan an urgent issue. ENEOS and MC put a high priority on addressing climate change issues, and both companies are actively promoting initiatives to reduce CO2 emissions with the aim of helping to achieve a decarbonized, circular society.By proceeding with this study as part of the above efforts, ENEOS and MC will be steadily contributing toward the early establishment of a supply chain for next-generation fuels. *An environmental measure in the aviation industry: In 2016, the International Civil Aviation Organization (ICAO) adopted at its annual meeting the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) aiming to achieve international aviation growth without increasing CO2 emissions from 2021. Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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GOME achieved strong earnings growth with business scale and quality upgrade in 2021

HONG KONG, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX stock code: 493) announced today its audited annual results for the twelve months ended 31 December 2021.Closely following national policies to promote the strategic transformation of business and comprehensively implement the second phase of the "Home . Living" strategyIn early 2021, GOME officially launched the second phase of its "Home . Living" strategy, strengthened entertainment and social interaction, with six platforms complementing each other to create a closed-loop omni-retail ecosystem. In October 2021, GOME completed the construction of infrastructure for omni-retail ecological sharing platform covering "omni-scenario, omni-chain, omni-service and omni-mode", thereby starting a new development phase at full speed. Relying on the establishment of six major platforms and other infrastructures, GOME has developed a strategic path and layout from a single electrical appliance chain to full-category operation covering the "Home . Living" sector, built a digital and physical economy platform that integrates online and offline operations, and become a model enterprise for promoting the transformation and upgrading to a digital economy in China. To carry out in-depth development in the "Home . Living" sector, GOME established three major core capabilities and competitive barriers. Firstly, it has initially built a grid-based and digital economic entity with nationwide coverage which is constantly expanding and booming. Secondly, it has created an integrated model of scenario-based and household-based consumption, and transformed traditional consumers into consumption-oriented merchants through new models such as entertainment marketing, sharing and joint development, thereby building a closed-loop omni-retail ecosystem. Thirdly, the scope of services has been fully extended to the home scenario, forming an integrated service platform with both online and offline operations as well as supply chain capabilities, integration capabilities and service capabilities.Against the backdrop of creating a new development dynamic of "Dual Circulation", the national economy has transformed into high-quality development. On one hand, policies will be introduced to revitalize the supply side, emphasize technological innovation and promote industrial upgrading; on the other hand, policies also need to be introduced to promote the upgrade of consumption to match the industrial upgrade. The recovery of consumption will become the main driving force to support long-term economic growth in the future, and is also the foundation for the country to achieve long-term stable growth. GOME closely followed the national strategy and policy direction, actively promoted and realized the successful transformation of its strategy, and achieved leap-forward development of its business. During the Reporting Period, GOME's sales revenue was approximately RMB46,484 million, increased by 5.4% year on year ("yoy"). The consolidated gross profit margin was approximately 14.4%, increased by 2.2 percentage points yoy. During the Reporting Period, positive annual inflow has been recorded. The loss attributable to owners of the parent during the Reporting Period was approximately RMB 4,400 million, decreased by 37.1 % yoy.During the Reporting Period, GOME's gross merchandise volume ("GMV") grew by 30.4% yoy to approximately RMB14,687 million. Relying on the entertainment and social "FUN" App, the main trading platform was formed and recorded an annual visits of 440 million, representing an increase of 196% yoy. The number of annual active buyers was 16.84 million, representing an increase of 433% yoy while the number of full category SKUs reached 2 million, of which home appliances SKUs were over 0.1 million. The number of merchants on platform reached 6,081, representing an increase of 728% yoy. Together with the number of members grew by 19% yoy to 250 million, all is showing a good development trend in both the number of consumers and the ecosystem of business partners.In 2021, GOME continued to stick to its vision of "Better home and lifestyle through GOME" and pursued the mission to meet Chinese family' demand for beautiful life in new era. It focused on the retail industry and household service industry, made every effort to build an "omni-retail ecological sharing platform" integrated with "online, offline, supply chain, logistics, big data/cloud, sharing and joint development", and fully implemented the second phase of the "Home . Living" strategy, which laid a foundation and opened a new prospect for GOME to comprehensively upgrade and achieve high quality development. Leveraging on its extensive retail gene, considering the economic and social functions of retail, and with the mission to promote the retail industry to reduce costs, improve efficiency and increase value, GOME is now rapidly developing into an "integrated & centralized", "interconnected" and "sharing and jointly developed" omni-retail ecological sharing platform. Currently, the core model and key modules of omni-retail have been constructed, which will increasingly strengthen the synergy effects and achieve more results.Services extended from stores while online and offline are interactedGOME developed an omni-scenario new retail ecology with the integration of online and offline platforms, in which online and offline platforms have their own emphases and are interconnected. Under the omni-retail model, GOME achieved the true O2O integration development through comprehensively activating urban physical commerce, which is an advanced retail solution for the integration of the digital economy and the physical economy and makes GOME to become a standard-setter for offline platforms.Through precise positioning and one year of promotion, GOME's existing stores have been gradually upgraded from home appliance stores to new types of stores for display and experience. The offline platform - "GOME Home" has been transformed into a platform covering core functions such as display and experience, home extension, home entertainment and home living services, highlighting the core value of people, product and place. GOME focused on taking advantages of its professional stores to display high-quality products and highlight local lifestyle services, and made a grid-based national layout to continuously optimize the standard for "genuine products provided by selected merchants" and accumulate quality users. In addition, GOME outlets of new model (including "GOME Home") has 35 contracted projects and 70 projects to be contracted, with a management area of approximately 1 million square meters. Among which, the number of the signed new model stores accounted for 95% of the total. GOME Home's benchmark showrooms will also be completed for construction and operated in 2022.The online platform - "FUN" APP focused on the advantages of displays of full range of products and full service response, and drove online and offline sales through rapid growth in visitor traffic and live streaming with brands, creating a new chapter for the retail industry. During the Reporting Period, the average monthly active users (MAU) of the "FUN" APP reached approximately 42.44 million, with conversion rate of 3.8%, representing an increase of 1.7 percentage points yoy. With the continuous deepening integration and interconnection of the six platforms managed by GOME, it is expected that the "FUN" platform will achieve significant development in 2022. Leverage over 5,000 selected stores and over 100,000 genuine products are expected to be newly added, coupled with the online video shopping guide model realized a 40% conversion rate, the significant growth of omni channel GMV is expected to achieve in 2022, these should enable GOME to comprehensively expand in the new retail era.Creating a super supply chain for "household consumption" covering all categories based on the "Home . Living" strategy and the characteristics of household consumption As a Company with deep rooted retail gene, GOME has been deeply involved in the supply chain for many years. The supply chain of GOME has been upgraded from electrical appliances to all categories, with the aim of creating a super supply chain for "household consumption" based on the "Home . Living" strategy and the characteristics of household consumption. Through linkage optimisation, improving product competitiveness and strengthening supply price management, as of February, the GOME retail platform has accumulated nearly 2 million SKUs and attracted over 2,000 KOL/KOC, 4,200 manufacturers and 6,000 channel traders. The supply chain covers categories such as home appliances, food and wine, apparel, shoes and bags, home renovation, daily necessities, maternity and baby products, beauty and personal care, etc. By offering a wide range of products, GOME can better meet the needs of household users.Self-developed warehousing and distribution logistics boost warehousing network expansion to achieve comprehensive logistics solutionsGOME's logistics platform is a third-party logistics solution platform, committed to providing the society with professional logistics of full range of products, as well as providing quality services for the entire society, maintaining a dominant position in the field of home delivery of bulky and medium-sized products in urban areas. Currently, GOME's self-developed logistics system, Anxun Logistics, realizes the logistics of goods covering small, medium and large-sized items and improve operational efficiency through platform standardization and agglomeration effects, while the third-party logistics business accounted for more than 48% in terms of volume. With logistics services open to the public, a new revenue growth driver is expected to be created. GOME has built a platform for the integration and collaboration of information flow, logistics and capital flow in the upstream and downstream of the supply chain to bridge the gap between the supply and sales. In the future, GOME will work together with industry partners to jointly promote the continuous optimization of the supply chain. Through deepening the distribution network, expanding logistics products and platforms horizontally, and extending the upstream services of the industry chain vertically, together with relying on the existing outlet distribution system, it can improve the network layout of express transportation and cold chain, build an open and shared platform of order taking, cloud-based warehouse and online delivery platform, and provide comprehensive supply chain logistics solutions based on the knowledge of business flow and warehouse transportation and distribution capabilities to contribute to the high-quality development of the entire retail industry.The model of the digitalized physical economy jointly builds and shares data resources to lead strategic partners to achieve win-win cooperation and mutual developmentThe favorable hardware resources and the optimization of software make the contribution to GOME's current leadership position in the retail industry. GOME pioneered to propose the innovative model of sharing and joint development and has completed the construction of the supply chain platform and the traffic platform to integrate online data resources. During the Reporting Period, the sharing and joint development platform has integrated and fully opened GOME's own and its partners' resources and capabilities, such as scenario/traffic + supply chain + promotion + operation by third party. By opening and sharing its professional retail resources to external partners online, including membership interconnection, data sharing and bonus points exchange, GOME will share and jointly build infrastructure, system resources and supporting services with manufacturers, promoters, agent operators and other parties. Through the open-up and the integration of the resources and capabilities of various partners, GOME helps the enterprises to achieve a long-term balance between its commercial interests and social benefits, while enabling GOME to become a platform for the aggregation of socialized omni-retail resources and the distribution and sharing of all-area digital intelligence to further expand its transaction scale. These advancements have contributed to the overall increase in GOME's scale. In the future, the six platforms will continue to optimize and upgrade, empowering GOME, users and merchants to achieve win-win cooperation and mutual development.GOME's management concluded, "Against the backdrop of technology-driven and consumption upgrade, GOME has seized the momentum to formally put forward its 'omni-retail ecological sharing platform' strategy. Looking ahead, GOME will continue to adhere to the new development concept of omni-retail ecology, solve the pain points and difficulties of the traditional retail industry, adopt an open attitude to embrace ecological partners, use entertainment and social platforms to attract consumers, and continue to optimize the standard of "genuine products provided by selected merchants" by serving the public with professional store displays. With users as the core and service as the goal, GOME will open up the whole chain, integrate omni-scenario and construct omni-model to create a new chapter for the retail industry. This year, we will continue to uphold the Group's mission of 'enhancing efficiency with technology and creating better living with wisdom' and the open sharing concept of 'integration, coexistence, interaction and mutual complementarity', return the trust and support of all parties with practical achievements and bring you a new GOME that is even better and more valuable."About GOME Retail Holdings Limited Founded in China in 1987, GOME Retail Holdings Limited has been listed on the Hong Kong Stock Exchange since July 2004 (stock code: 493) and is a leading technology driven, experience-based, entertainment-oriented and socialized "Home . Living" technology retail service provider. Under the guidance of the second phase of its "Home . Living" strategy, GOME promotes online and offline integration with Internet technology, supports existing business growth with a strong supply chain, introduces new business with new scenarios, develops a post-service market with Internet of Things technology, drives the refined operation of stores with big data, enhances market competitiveness through network optimization, and raises the retail competitive barrier with strong service capability, and makes all-round efforts to transform from an appliance retailer to a provider of comprehensive home living solutions. GOME will continue to make use of technology and wisdom to create "authenticity", "speed" and "joy", and establish one of the most popular platform for enjoyable selling and buying with sharing.Please visit our website for more information: www.gome.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Mitsubishi Motors Krama Yudha Sales Indonesia Signs MoU with Pos Indonesia, Haleoya Power, Gojek and DHL Supply Chain Indonesia to Do a Pilot Study on Commercial Usage of Electric Vehicles

TOKYO, Mar 15, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Motors Corporation announced that PT Mitsubishi Motors Krama Yudha Sales Indonesia (MMKSI) signed a Memorandum of Understanding (MoU) with four companies in Indonesia to conduct a pilot study on commercial usage of a kei-car(1) class electric commercial vehicle (EV), Minicab-MiEV, a model currently marketed in Japan.Minicab-MiEV to be provided to the four companies Under the MoU terms, MMKSI will provide the Minicab-MiEV to the four companies - PT Pos Indonesia, PT Haleyora Power, Gojek and DHL Supply Chain Indonesia-for six months(2) for research and utilization in their logistics operations in Jabodetabek area. This study aims to understand and explore commercial EV applications, by verifying actual usage data, including mileage, charge history and delivery routes. "We highly appreciate our leading company partners, PT Pos Indonesia, PT Haleyora Power, Gojek and DHL Supply Chain Indonesia, as well as the Government of Indonesia who enthusiastically supported this joint study," said Naoya Nakamura, president director PT MMKSI. "Through this study, we hope to explore broader use of Mitsubishi Motors' electric commercial vehicles in Indonesia." (1) Kei-car is a vehicle category in Japan for microcars.(2) Gojek will utilize Minicab-MiEV for joint study for more than six months. About Mitsubishi MotorsMitsubishi Motors Corporation (TSE:7211), MMC--a member of the Alliance with Renault and Nissan--, is a global automobile company based in Tokyo, Japan, which has more than 30,000 employees and a global footprint with production facilities in Japan, Thailand, Indonesia, mainland China, the Philippines, Viet Nam and Russia. MMC has a competitive edge in SUVs, pickup trucks and plug-in hybrid electric vehicles, and appeals to ambitious drivers willing to challenge convention and embrace innovation. Since the production of our first vehicle more than a century ago, MMC has been a leader in electrification--launched the i-MiEV -- the world's first mass-produced electric vehicle in 2009, followed by the Outlander PHEV --the world's first plug-in hybrid electric SUV in 2013. MMC announced a three-year business plan in July 2020 to introduce more competitive and cutting-edge models, including the Eclipse Cross (PHEV model), the all-new Outlander and the all-new Triton/L200.For more information on MMC, please visit the company's website athttps://www.mitsubishi-motors.com/en/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Tokyo Gas, MC to Explore Feasibility of International Synthetic Methane Supply Chain for Carbon Neutrality

TOKYO, Nov 26, 2021 - (JCN Newswire via SEAPRWire.com) - Tokyo Gas Co., Ltd. (Tokyo Gas) and Mitsubishi Corporation (MC) are pleased to announce that we are jointly exloring feasibility(1) for a synthetic methane supply chain in LNG exporting countries. Among the countries and regions covered by this study are North America, Australia, the Middle East and Asia. The study will focus on synthetic methane produced from green hydrogen using renewable electricity and CO2. In order for Japan to realize its goal to go carbon neutral by 2050, it will need to decarbonize its heating industry. To that end, Japan's sixth Strategic Energy Plan highlights the importance of replacing natural gas with synthetic methane for carbon neutrality. Public and private interests are now working together to accelerate the commercialization of related technologies. Future production of synthetic methane requires the combination of green hydrogen derived from affordable renewable energies produced overseas with locally captured CO2. A supply chain that leverages existing infrastructure to liquefy and transport the methane will also need to be forged.This study will combine both companies' respective strengths to optimize the supply chain and infrastructure. Tokyo Gas brings its advanced hydrogen and methanation technologies, as well as its expertise in LNG value-chain development, while MC will contribute its experience in energy businesses, which covers overseas LNG projects, renewable energy initiatives and other operations. More specifically, the study will examine all issues pertinent to supply chains, from procurement of renewable energy and CO2, to production of hydrogen and synthetic methane, and further still to liquefaction and transportation operations. It will include work aimed at determining the locations for production facilities and delivery terminals, as well as cost reduction. In the future, we plan to conduct demonstrations at these locations. Our hope is to make synthethic methane an important component within Japan's future energy mix. As part of its group's management vision "Compass2030," Tokyo Gas promotes the challenge of achieving net-zero CO2. Committing to the early development of a synthetic methane supply chain will contribute Japan to achieve its goal to go carbon neutral by 2050. In addition to fulfilling its responsibility to provide Japan with stable energy supplies, MC also remains committed to decarbonizing by growing its renewable operations and helping to forge a next-generation energy supply chain. Both companies look forward to realizing this vision together and leveraging synthetic methane to make LNG and city-gas operations as clean as possible. (1) This study will examine the carbon-neutral potential of synthetic methane. CO2 life cycles in shipping and other supply-chain operations to achieving end-to-end carbon neutrality will be long term goal.Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Chain Mall to List Its Token, Cham on LATOKEN

Phnom Penh, Cambodia / November 13, 2021 / SEAPRWire / – Cham is a utility token that Chain Mall, an NFT platform, uses. The platform has announced that the token will be listed on LATOKEN on the 15th of November, 2021. Developed as a hybrid NFT portal, Chain mall is an e-commerce platform that handles both digital data and physical goods. By using its token, One can get discounts on shopping and fees. It is also possible for one to use the token to support crowdfunding projects launched by creators and artists within Chain Mall. The Chain Mall Company will collaborate with Babel Co. Ltd., an issuing corporation in Cambodia to use the NFT technology to create a new market without a replacement. Listed on LATOKEN, the schedule is as follows: Acceptance of deposits starts at exactly 10:00 a.m, November 14th while transactions begin by 10:00 a.m, 15th November (note that the dates and time are all in Japan Standard Time). The Chain Mall Project The recent hike in copying and illegal resales of brand products all over the world calls for major concern. According to a special report by AFPBB News, E-commerce companies in China spend a lot of money to eradicate counterfeit brand products, but counterfeiters oppose these efforts by enlarging the market. Resale of concert tickets at high prices, including high management costs of warranty documents for expensive products, has become more difficult. Profits unrelated to the artists and operating companies are generated somewhere causing them damage. The main cause of these problems is not far-fetched; There is no way to verify the warranty, and the market for digital warranties is very limited. A solution to the issues is workable using NFT. NFT technology issues certificates to control the transfer of rights. This system clarifies who owns the tickets currently and who bought them. It can also manage the commission of resale, and many more. Features of the NFT Technology Handling of both digital and physical contents: The NFT platform does not only deal with digital content like tickets, etc, The system can also cater for physical content like luxury brand goods too. Warranties manageable with NFT: Since the service enables digital representation of the product’s value, It solves problems that occur with paper product warranties.   Discount system for transaction fees: Giving discount is possible when paying various transaction fees charged at the time of sale or use with Chain Mall Token. To get discounts, one must use cham tokens to buy products: At Chain Mall,  discounts are available when using Cham Token for payments. Possibility of encouraging up-coming creators and artists by converting their original content into NFT: This feature allows creators and artists to raise funds and create new NFT products. About Chain Mall Chain Mall aims to simplify guarantee management and end counterfeit products by partnering with various brands and issuing guarantees for brand products in the form of  NFT. The company also aims to create a platform enabling adequate evaluation of artists and creators who have the ability to perform in various ways but are unable to expand performances to the world, and whose ratings are so poor. Moreover, the company seeks to establish a platform that fosters liquidity and allows for appropriate evaluations on a global scale in real estate and other areas where it is difficult to transcend global barriers. Social Links: Telegram: https://t.me/chamcoin Media Contact Brand: Cham Mall Contact: Koichi Minamitani E-mail: info@cham.money Website: https://cham.money/en SOURCE: Cham Mall The article is provided by a third-party content provider. SEAPRWire ( www.seaprwire.com ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )

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Asian Logistics, Maritime and Aviation Conference Concludes

HONG KONG, Nov 5, 2021 - (ACN Newswire via SEAPRWire.com) - Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the 11th Asian Logistics, Maritime and Aviation Conference (ALMAC) has concluded, successfully running in an online-and-offline hybrid format. Sixty-three industry experts and leaders shared their insights at close to 30 sessions at the two-day conference, attracting more than 11,200 viewers from some 60 countries and regions. They included participants from Hong Kong, Mainland China, newcomers from Mexico, Nigeria, Romania and more, highlighting how the event offered networking opportunities spanning the globe.Jointly organised by the HKSAR Government and the HKTDC, the 11th Asian Logistics, Maritime and Aviation Conference has concluded, successfully running in an online-and-offline hybrid format.Victor Mok, Chairman and CEO, Asset Service Platform, GLP China (left, on screen), said Chinese logistics providers have implemented digital solutions, and cross-border e-commerce has greatly accelerated progress in this area.A newly added physical and virtual exhibition showcased different logistics technologies, including 5G technology for warehouse management, smart logistics solutions, international payment solutions and the latest smart port developments.The conference's hybrid format enabled industry players from around the world to expand their business connections and explore partnership opportunities both virtually and face to face. Six satellite venues were set up in collaboration with different industry organisations to enhance participation. Representatives could join the event at the main venue in Hong Kong or satellite venues in Chengdu, Chongqing, Guangzhou, Wuhan, Hamburg and more. In addition to running a live broadcast of the conference, some of the satellite venues invited experts to address logistics issues and experiences from a local perspective and enabled participants to enjoy face-to-face exchanges and business matching activities at the same time. Virtual roundtable meetings were also organised, connecting participants from Belgium, France, Germany, Italy and Luxembourg with industry players from Hong Kong and Mainland China, helping the industry react to new market trends.New trade order and evolving intermodal networks in the Asia-PacificThe COVID-19 pandemic has raised existential questions about globalisation and added weight to the topic of supply chain shortening, including near-shoring and re-shoring. As a consequence, supply chains are now becoming more regional than global - a development that is particularly noticeable in the Asia-Pacific region.In the first Power Dialogue session, titled "New trade order and evolving intermodal networks in the Asia-Pacific", three industry luminaries - Raymond Fung, Director of Trades, Orient Overseas Container Line; Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific; and Joseph Phi, Group CEO, Li & Fung - discussed how shippers and other industry players are adjusting to the post-pandemic era and how the region's supply chain network will evolve in the coming years.Mr Fung said businesses have needed to increase dialogue with each and every customer and have also had to cater for certain SMEs they previously wouldn't have dealt with over the past couple of years. As service providers, he said shipping lines must live with what the customer wants and adjust accordingly. "For example, we have been using big-bulk vessels, as long as they are seaworthy, to run short-distance trips for certain customers," he said. With the growth of e-commerce and the use of artificial intelligence by some carriers and customers, he hoped it would be easier to forecast demand, with shipping lines able to come up with different sizes of vessels and different routings to better cater for customers' requirements.Mr Leung said that a lot of issues, such as port congestion and traffic congestion, were happening even before the pandemic. Infrastructural issues already existed but have been amplified by the pandemic. Even before COVID-19, many industries and companies had been rethinking how to position their supply chain, sourcing models, manufacturing models, and so forth, focusing on enhancing the transparency of their supply chain and the resilience of the supply chain model. "Digitalisation is going to change the way we operate going forward, and ESG is becoming more important because our industry creates a lot of emissions, and we have to address that," Mr Leung said.Mr Phi explained that for many companies, the worst affected area has been the supply chain. Before the pandemic, the supply chain was largely invisible and for many companies it was never part of the corporate agenda. But today, the supply chain is front and centre. "We have surging demand, rising transportation costs, manufacturing delays, port congestion, labour shortages, trade disputes, trade policies, inflation, and so on, so the whole supply chain is facing the perfect storm," he said. "The more progressive companies are doing things to create value in their supply chains. The overarching theme they have adopted is they have hit the reset button, concluding that the pandemic is a perfect occasion to reset their strategies and refresh the way they execute their strategies, so they are trying their very best to make their supply chains more resilient and agile."Moving forward to a smart air cargo futureWith the accelerated adoption of e-commerce worldwide and growing industry demand for more efficient and transparent logistics, digital transformation and collaboration among supply chain stakeholders has become a necessity in this fast-changing global trade environment. Victor Mok, Chairman and CEO, Asset Service Platform, GLP China; Mark Slade, Managing Director, DHL Global Forwarding Hong Kong & Macau; Brendan Sullivan, Global Head of Cargo, International Air Transport Association; and Yvonne Ho, General Manager, Hong Kong & Macau, International Air Transport Association, examined the future for smart air cargo and shared their insights on air cargo digitalisation development trends and the impact of innovation.Mr Sullivan said that as the world emerges from the COVID-19 crisis, a number of supply chain issues have also surfaced. There is strong consumer demand in the United States, which must be filled by Asian producers, but there are production slowdowns, personnel issues, and a re-emergence of the virus and its variants, which are creating additional challenges for the supply chain on both the manufacturing side and also in the US, which is seeing congestion in ports throughout the country. "Air cargo continues to rise and is trending above the rate of overall trade, so air cargo revenues are expected to be still close to one third of airline operating revenues. This is up significantly from the previous average of 10% to 15% growth," Mr Sullivan said.Mr Mok mentioned that over the past five to 10 years, Chinese logistics providers have implemented digital solutions to enhance the digital transparency and safety of cargo movements. Cross-border e-commerce has greatly accelerated progress in this area. "Digitalisation is a big word, but it doesn't mean just moving things like processes from paper to online platforms. That is only the first small step," Mr Mok explained. "The key is how you optimise the processes, using technology and data to improve the processes and therefore efficiency and transparency, to make better decisions than in the past."Mr Slade, meanwhile, told conference delegates that up to 60% of supply chain disruptions come not from direct suppliers, but further upstream from second- and third-tier suppliers. He explained that DHL uses an analytical tool to allow companies to get deeper into the supply chain and identify risks with suppliers that are actually two or three layers removed from their operations.Global recovery and outlook for the shipping industryGlobal maritime trade experienced large swings in volumes due to the unprecedented disruption caused by COVID-19. The pandemic has sent shockwaves through supply chains, shipping networks and ports. In addition, fluctuations in cargo trade brought an additional challenge to pandemic-related disruptions in the global supply chain. Jeremy Nixon, CEO, Ocean Network Express Pte Ltd, and Tim Power, Managing Director, Drewry Shipping Consultants, discussed the broader impact of the pandemic on the shipping industry.Mr Nixon said that COVID-19 is still having a huge impact on global shipping and global logistics. but there is a misconception that it's the container lines that have run out of containers and ships. The real issue, he said, is more on the land side, where there is a tremendous shortage of labour availability in warehouses, distribution centres and trucking companies, and on the whole logistics network in many countries around the world. As a result, container ships cannot get unloaded. "The challenge is not so much on the manufacturing side in Asia; it's more on the destination market side, whether its North America, Europe or Latin America," Mr Nixon explained.Mr Power mentioned that in the period from 2010 to 2019, shipping lines barely earned its cost of capital. That meant no money was going into creating spare capacity, so when a disruption like COVID-19 came along, coupled with a demand surge, it was inconceivable that the system could cope. "In the short run the shipping industry is inelastic, as it takes two years from the time an order is placed to that when a new ship arrives. One big change we may see in the future is that production may be sourced back onshore or near-shore to avoid being totally exposed to long-haul supply chains," he said.In addition to the seminars, physical and virtual exhibition showcased different logistics technologies, including 5G technology for warehouse management, smart logistics solutions, international payment solutions and the latest smart port developments, connecting participants with the best business solutions. The ALMAC virtual platform also provides several interactive functions including artificial intelligence (AI)-driven business-matching services.The Exclusive Dialogue sessions during the conference looked into the challenges faced by shippers and shared information on how corporations can develop new business models, operations and measures to minimise disruptions and risks. These new sessions allowed local participants to interact with conference speakers face-to-face.Flagship event of Hong Kong Maritime WeekALMAC is a flagship event of Hong Kong Maritime Week, organised by the Hong Kong Maritime and Port Board. The conference is supported by the Hong Kong Logistics Development Council and Hong Kong Maritime and Port Board. The HKTDC invited 20 global leaders from the logistics and shipping industries, along with representatives from internationally renowned companies, to serve as honorary advisors on setting the agenda and content of ALMAC.WebsiteALMAC: https://www.almac.hk/main/en/Photo download: https://bit.ly/2ZShcAFAbout HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiries:HKTDC's Communications & Public Affairs DepartmentChristine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.orgClayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Asian Logistics, Maritime and Aviation Conference (ALMAC) opens

Industry elites examine key issues as global supply chain reshapes HONG KONG, Nov 2, 2021 – (ACN Newswire) – Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the 11th Asian Logistics, Maritime and Aviation Conference (ALMAC) opened today at the Hong Kong Convention and Exhibition Centre (HKCEC), running in a hybrid format, with both physical and online elements, for the first time. At this annual signature event for the maritime, air freight, logistics and supply chain management sectors, 60-plus industry experts and leaders will share their insights at close to 30 sessions. The two-day conference expects to attract more than 10,000 viewers from some 60 countries and regions. Jointly organised by the Government of the HKSAR and HKTDC, the 11th Asian Logistics, Maritime and Aviation Conference opened today at the Hong Kong Convention and Exhibition Centre, running in a hybrid format, with both physical and online elements. At the first Power Dialogue session, titled “New trade order and evolving intermodal networks in the Asia-Pacific”, panellists explored how shippers and industry players can address the challenges of a changing supply chain network in post-pandemic era. Carrie Lam, Chief Executive of the HKSAR, officiated at the online opening. Margaret Fong, Executive Director of the HKTDC, welcomed international delegates to the conference, saying: “Central to this year’s conference theme – ‘RESILIENCE. AGILITY. SUSTAINABILITY Reshaping the Global Supply Chain’ – we will discuss the evolving intermodal networks in the Asia-Pacific region, e-commerce fulfilment and the post pandemic retail evolution. More important, we are also looking at the trend for sustainable supply chains, the opportunities and risks this global reshaping presents for industry players, as well as the way forward for sustainable development. New opportunities under China’s 14th Five-Year Plan will also be explored.” Catching market trends from online to offline Running in a hybrid format, the conference enables participants from around the world to expand business connections and explore partnership opportunities both virtually and face-to-face. Six satellite venues have been set up through different regional oraganisations and institutions to enhance the experience. Industry representatives can join the event at the main venue in Hong Kong or satellite venues in Chengdu, Chongqing, Guangzhou, Wuhan, Hamburg and more. In addition to running a live broadcast of the conference, some of the satellite venues have invited experts to address logistics issues and experiences from a more local perspective and enable participants to enjoy face-to-face exchanges and business matching activities at the same time. Virtual roundtable meetings have also been organised to connect international participants from Belgium, France, Germany, Italy and Luxembourg with industry players and associations from Hong Kong and Mainland China, helping to create new business opportunities. In addition, a newly added physical and virtual exhibition showcases different logistics technologies, including 5G technology for warehouse management, smart logistics solutions, international payment solutions and the latest smart port developments, connecting participants with the best business solutions. The ALMAC virtual platform also provides several interactive functions including artificial intelligence (AI)-driven business-matching services. Exploring the current business landscape The three Power Dialogue sessions are the highlight of this year’s conference, with heavyweight speakers examining the industry outlook and sharing valuable insights. As supply chains become more regional than global, leading to changing trade patterns and evolving supply chain networks in the Asia-Pacific region, ALMAC kicked off this morning with a Power Dialogue discussion on the theme “New trade order and evolving intermodal networks in the Asia-Pacific”. Several salient topics were explored, including how shippers and big industry players can address the challenge of a changing supply chain network in the post-pandemic era. Moderated by Billy Wong, Deputy Director of Research, Hong Kong Trade Development Council, the speakers at the session included Raymond Fung, Director of Trades, Orient Overseas Container Line; Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific; and Joseph Phi, Group CEO, Li & Fung. In the Power Dialogue session on day two of the conference (3 November), themed “Post-pandemic megatrends in e-commerce”, Kenny Ng, Logistics Director of Global Supply Chain, Cainiao Network, and Hita Supranjaya, Director, Buka Pengadaan Indonesia, Bukalapak, will examine the new logistical challenges merchants are facing and explore how they can develop fulfilment strategies that adequately address supply chain, inventory management and delivery issues. Numerous governments around the world have committed to achieving net-zero carbon dioxide emissions by 2050 and the global supply chain will definitely play a role in achieving this goal. Under the theme “Beyond 2050: A quest for zero-carbon and sustainable supply chain”, the final Power Dialogue session will have Tony Domingo, Senior Vice President, Group Supply Chain and Procurement, Nestle China, and Ed Lam, CEO, LFX, sharing their thoughts. Capturing GBA opportunities and the future for smart air cargo With its modern and sophisticated aviation hub and factors such as its simple and fast customs clearance procedures, Hong Kong’s air cargo transport sector has developed as one of the world’s major players. Despite the severe impact of the pandemic on global air freight activities over the past year, international cargo traffic through the Hong Kong hub has remained resilient. Through the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the city looks set to play an important role in the future development of aviation and logistics in the region. On the first day of the conference, the Air Freight Forum (Part I) featured Kaiser Lam, Regional Vice President Hong Kong & South China, Expeditors International of Washington, Inc, and Frosti Lau, Chairman, HKIA Air Cargo Carrier Liaison Group, exploring ways for companies to capitalise on GBA-focused opportunities. The demand for air cargo remains buoyant as world trade continues to gain momentum, particularly in the e-commerce sector. However, the air freight industry has lagged behind in digitalisation and its efficiency not only needs to evolve to meet booming demand for e-commerce, perishables and specialty cargo shipments, but must also adapt to accommodate shifting supply lanes amid changing trade environments and evolving consumer expectations. This is creating significant logistics challenges and the digitalisation of air cargo management has become key to the industry’s progress. In the Air Freight Forum (Part II), Victor Mok, Chairman and CEO, Asset Service Platform, GLP China; Mark Slade, Managing Director, DHL Global Forwarding Hong Kong & Macau; Brendan Sullivan, Global Head of Cargo, International Air Transport Association; and Yvonne Ho, General Manager, Hong Kong & Macau, International Air Transport Association, examined the future for smart air cargo. Hong Kong’s changing role as international maritime centre In a world of increasing global competition, a market imbalance in supply and demand for goods, empty containers, and a shrinking tanker and bulker market have created challenges for the global supply chain. In Maritime Forum 1 on the first day of the conference, Jeremy Nixon, CEO, Ocean Network Express Pte, and Tim Power, Managing Director, Drewry Shipping Consultants, examined the major transformations taking place in the industry. Maritime Forum 2 featured Kenta Matsuzaka, Director, Senior Managing Executive Officer, Mitsui O.S.K. Lines; Martin Stopford, Director, Marecon; and James Tong, Managing Director, Head of Global Shipping & Logistics, Asia Pacific and Japan, Citi, discussing how green ship financing and carbon-zero trading has become a roadmap to a carbon-neutral 2050. Hong Kong has long been a provider of high-value-added maritime services. Various measures have been introduced, including tax concessions for ship leasing and maritime insurance, as well as support measures for the maritime arbitration and training sectors. Moreover, the Belt and Road Initiative and the development of the Greater Bay Area are expected to bring enormous opportunities for all commercial sectors, including shipping. The Insight Exchange session has invited Sabrina Chao, President, BIMCO; Bjorn Hojgaard, CEO, Anglo-Eastern Univan Group; Rosita Lau, Partner, Ince & Co and Jonathan Jones, Director and Project Coordinator, Crew Assist, to discuss Hong Kong’s role as an international premier maritime centre and the way forward. SCM & Logistics Forums cover digitalisation in logistics and social commerce As the development of logistics and the supply chain is gradually driven by digitalisation, two SCM & Logistics Forums will be held tomorrow (3 November) to discuss digitalisation in logistics and supply chain agility. Co-organised with the Hong Kong Shippers’ Council, the first forum will include speakers from different organisations to examine the development of digitalisation in the logistics industry. Co-organised with GS1 Hong Kong, the second forum will discuss how firms achieve supply chain agility, building a competitive advantage in fast-changing markets and so enhancing business continuity. Brand-new session allows real-time interaction The Exclusive Dialogue sessions will look into the challenges faced by shippers and share how corporations can develop new business models, operations and measures to minimise disruptions and risks. These new sessions will allow local participants to interact with conference speakers face-to-face. InnoTalks and MarketTalks return to examine industry issues The InnoTalks and MarketTalks sessions both return in 2021, with the former featuring smart port development in the Asia-Pacific region, latest developed heavy-lift cargo drones and digital solutions for ESG compliance reporting, helping conference participants keep abreast of technological developments in the industry. With logistics service users encountering various kinds of hindrances while conducting foreign trade, the MarketTalks sessions will feature key industry players from Chongqing, Guangzhou, Nansha, Neijiang, Qingdao, Shaanxi, Malaysia and Vietnam to provide the latest market insights and opportunity analysis, guiding attendees to explore business opportunities in the logistics ecosystem. The ALMAC virtual platform provides several interactive opportunities to connect industry players. Among them, the Meet the Experts roundtable will be conducted in both online and physical formats, inviting shippers and logistics service providers to create more cross-industry interaction and discussion and provide participants with feasible insights and practical suggestions, helping to address some of the current supply chain challenges. Flagship event of Hong Kong Maritime Week ALMAC is a flagship event of Hong Kong Maritime Week, organised by the Hong Kong Maritime and Port Board. The conference is supported by the Hong Kong Logistics Development Council and Hong Kong Maritime and Port Board. The HKTDC invited 20 global leaders from the logistics and shipping industries, along with representatives from internationally renowned companies, to serve as honorary advisors on setting the agenda and content of ALMAC. ALMAC: https://www.almac.hk/main/en/ALMAC programme: https://www.almac.hk/main/en/s/info-programme2021ALMAC speaker list: https://www.almac.hk/main/en/speaker/2021SpeakersPhoto download: https://bit.ly/2ZFceXo About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn Media enquiries:HKTDC’s Communications & Public Affairs DepartmentChristine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.orgClayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org

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Cross-Chain Scaling Solution BTTC Officially Goes Live, TRON Aims at “Connecting All Chains”

SINGAPORE, Nov 1, 2021 - (ACN Newswire via SEAPRWire.com) - TRON, a leading public chain, is pleased to announce a major initiative with BitTorrent Chain (BTTC) test network, a layer 2 cross-chain scaling solution compatible with TRON, Ethereum and BSC (HECO and OEC to be integrated in the near future). BTTC officially went live on October 30.BTTC is the first heterogeneous cross-chain interoperability protocol in the industry, with core advantages such as fast transmission speed and low transaction costs while ensuring asset security. BTTC was born to address the need for cross-chain scaling solutions.Public chain projects are growing rapidly in number. However, many of these projects are not interconnected owing to incompatible technologies, ecosystems, and competition, leading to isolated users, assets, applications, data, altogether curbing the growth of the industry as a whole. Connecting to mainstream public chains such as TRON, Ethereum and BSC reduces information and asset barriers, and enables a smooth exchange of data and value. BTTC will help to overcome data isolation among public chains. TRON founder Justin Sun, in an open letter to the community, said that BTTC will provide global mainstream blockchains with a practical scaling solution, and more importantly, will deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of "connecting all chains''. TRON has also committed a total of US$1 billion to spur the migration of projects from Ethereum onto BitTorrent Chain (BTTC). BTTC is in line with TRON's vision of connecting all chains. TRON is among the world's three largest public chains today, with 58 million accounts, 2.5 billion transactions, upwards of $50 billion on-chain assets, a TVL of more than $11.5 billion across its DeFi products and over $10 billion worth of transactions daily, five times higher than that of PayPal. With BTTC, TRON hopes to draw users to its increasingly prosperous and diverse ecosystem, unleashing even greater potential.Media ContactJessica ZHANG, TRONEmail: jessica.zhang01@tron.networkWebsite: https://tron.network/ Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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TRON Officially Launches Cross-Chain Scaling Solution BitTorrent Chain (BTTC)

SINGAPORE, Nov 1, 2021 - (ACN Newswire via SEAPRWire.com) - On October 30, TRON tweeted to announce the official launch of BitTorrent Chain (BTTC) test network. BTTC is already compatible with TRON, Ethereum and BSC. It will also support HECO and OEC in the near future. Down the road, BTTC will arrive on more public chains to deliver its mission of connecting all chains. In the meantime, TRON will earmark $1 billion to spur the migration of projects from Ethereum onto BTTC.BTTC is co-developed by the core teams of BitTorrent and TRON, and is the first heterogeneous cross-chain interoperability protocol in the industry. It features a PoS consensus mechanism and multi-node validation, and supports off-chain matching and smart contract extension through sidechains. These have endowed BTTC with core competencies such as a heterogeneous cross-chain structure, fast and cost-effective transfers, and asset security.By leveraging the fully decentralized BTTC, users are able to transfer mainstream assets among TRON, Ethereum, BSC in a decentralized manner without any limit, according to the open letter by TRON founder Justin Sun on TRON's new vision and the official launch of BitTorrent Chain.Further, as a layer 2 network that is compatible with both the TRON and Ethereum protocols, BTTC features full compatibility with EVM -- all EVM developers are allowed to easily migrate their Ethereum-based applications fully onto BitTorrent Chain, which provides superior scalability for the Ethereum network.As BTTC arrives, TRON will see the emergence of a closed-loop ecosystem of layer 1 and 2 networks with sound cross-chain connectivity. By integrating both a robust underlying network of Global Human Settlement Layer and a heterogeneous, scalable cross-chain network BitTorrent Chain that features high throughput and full compatibility with EVM, TRON will enable smooth communication with the world's top layer 1 networks such as Ethereum and BSC.It is noteworthy that a verifier election of BitTorrent Chain nodes will be held on the TRON blockchain, similar to the one for the TRON protocol. Everyone can take part in the election to become a BTTC node, and BTT holders can cast their votes to earn staking rewards. It is also worth attention that only a limited number of seats are available, and the election will be ended once the limit is reached. Users can earn BTT rewards and co-govern the community once they become the verifiers.TRON is among the top three public chains and one of the largest blockchain-based operating systems in the world. It has been on a fast track to growth since its inception, and now boasts upwards of 58 million users, more than 2.5 billion transactions, and a TVL of over $11.5 billion. Compared with traditional financial transfer networks, TRON's daily settlement volume is already five times higher than that of PayPal.TRON has also been active in the innovation of NFT's underlying technology. Besides launching the first NFT standard TRC-721 this March, TRON also enhanced the world's largest distributed storage system BTFS, providing a comprehensive and efficient infrastructure to turn artworks as NFTs on blockchains. Today, TRON's ecosystem is taking off on all fronts.With the BTTC launch as the prelude, TRON and BitTorrent are officially making inroads into the cross-chain race, ushering in a new era for us all.Media ContactJessica ZHANG, TRONEmail: jessica.zhang01@tron.networkWebsite: https://tron.network/ Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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