HANOI, Vietnam, May 17, 2021 - (ACN Newswire via SEAPRWire.com) - A new study of the online content viewing behaviour of Vietnamese consumers has found that 60% access streaming piracy websites or torrent sites. The levels of piracy went as high as 65% within the 18-24 age demographic. The survey, commissioned by the Asia Video Industry Association's Coalition Against Piracy (CAP) and conducted by YouGov, found that 59% of consumers who accessed piracy sites cancelled their subscriptions to both local and international content services.The levels of piracy in Vietnam now dwarfs neighbouring Malaysia and Indonesia, which have both seen substantial reductions in online piracy in the last 18 months. In Indonesia, a similar YouGov survey found a massive 55% reduction in Indonesian consumers accessing piracy services with 28% of consumers admitting to accessing piracy websites in 2020, compared to 63% in 2019. In Malaysia, a YouGov survey found a 64% decline in users accessing piracy sites in 2020 when compared to a similar YouGov survey in 2019. In both countries a key variable for the decline in online piracy levels was the government's proactive piracy site blocking initiative.The recent YouGov survey suggests that a regulatory site blocking mechanism would be supported by the majority of Vietnamese consumers. When given choices of what they thought were effective measures of reducing piracy behaviour, 48% of Vietnamese agree that a "government order or law for ISPs to block piracy websites" would be the most effective.The damage that digital content theft does to the Vietnamese creative industries is without dispute. However, the damage done to Vietnamese consumers because of the nexus between online piracy and malware, also needs to be better understood and actioned by government and stakeholders. When asked by YouGov about the negative consequences of online piracy, Vietnamese consumers placed funding crime groups (58%) , malware risks (55%) and loss of jobs in the creative industry (49%) as their top three concerns. The malware risk was corroborated in a March 2021 study by UK-based White Bullet, which also found that 72% of popular piracy sites in Vietnam contain high risk advertising such as illegal gambling ads and fraud/malware ads. The study tracked advertising on over 800 popular piracy websites in Vietnam for a three-week period.Of those Vietnamese consumers who admit to accessing streaming piracy websites or torrent sites, 35% said they would stop this behaviour should the government take deterrent action.Neil Gane, the General Manager of AVIA's Coalition Against Piracy (CAP) commented, "The wide variety of legal services in Vietnam which provide premium entertainment content are reliable and importantly are legal. The piracy alternatives fund crime groups, put consumers at risk of malware infection and are unreliable. Piracy only benefits the criminal organisations who are behind these illegal websites.Thomas Jayet, Deputy General Director of Vietnam Digital Satellite Television Company LTD (K+) commented, "In addition to sport content, K+ invests a huge budget in local movies, latest TV series, and Vietnamese box office titles to broadcast on our platforms. Such premium content gives audiences a better choice of quality and safe entertainment at home, as well as contributing to the sustainability of the local economy especially during the current Covid pandemic.In order to protect this content, K+ applies diverse countermeasures ranging from technical anti-piracy measures. A critical anti-piracy strategy that has proven to be successful in Indonesia, Malaysia and other APAC jurisdictions, is site blocking. Based on an analysis of Vietnamese law, ISPs would seem to have an obligation to block their users from accessing piracy websites, but only upon an order from the competent authorities. What is required is legal clarity and government mandated procedures for rights holders to refer site blocking requests to government."Phan Vu Tuan, Director of Phan Law Vietnam commented, "Piracy websites typically have a click-happy user base, and are being used more and more as clickbait to distribute malware. Unfortunately, the appetite for free content hides users from the very real risks of malware infection. The type of malware embedded within piracy websites can include particularly harmful malware such as remote access trojans which allows the hacker to activate and record from the device's webcam without the victim being aware."YouGov is an international research and data analytics group. For further information visit https://hk.yougov.com. Study conducted in March 2021. All data is weighted to be representative of the online population. Sample size: Vietnam n=1,057About the Asia Video Industry AssociationThe Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) programme and provides insight into the industry through reports and conferences aimed to support a vibrant video industry.Contact AVIAFor media contacts and additional background:Charmaine KwanHead of Marketing and CommunicationsEmail: charmaine@avia.orgWebsite: www.avia.orgLinkedIn: www.linkedin.com/company/asiavideoiaTwitter: @AsiaVideoIA Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - Mandatory online theory tests for electric scooter and electric bicycle riders will begin from June 30, said the Land Transport Authority (LTA) on Friday (April 30). The handbooks for both theory tests have been published online, and will cover three modules for both groups of riders. They comprise general information on active mobility devices, pre-journey and equipment checks, as well as the rules and codes of conduct for using the devices. In a Facebook post, the LTA said the theory test will comprise multiple-choice questions and be available online. More details will be provided at a later date. The announcement comes after the Active Mobility Advisory Panel first proposed a mandatory test in September 2019, following a spate of accidents involving mobility devices and the death of a cyclist after a collision with a speeding e-scooter rider whose device did not meet regulations. Senior Parliamentary Secretary for Transport Baey Yam Keng had said in March that the mandatory tests will take effect from the middle of this year. This will ensure that all riders of such motorised devices know the rules and codes of conduct, he said during the debate on his ministry's budget in Parliament. E-bike and e-scooter riders who want to view the handbooks can access them at this link or this link. The guides will be published in other languages subsequently. More on this topic Related Story Mandatory tests for e-scooter, e-bike riders from mid-2021; all bikes need brakes from Sept Related Story Battle of the sidewalks: Cyclists versus pedestrians
Singapore, Apr 29, 2021 - (ACN Newswire via SEAPRWire.com) - Glasstech Asia Online Conference, powered by BAU and BAU China, happened on the 27th of April 2021. Leading the glass and facades community ahead, the online conference brought together a network of glass and facades professionals around the world, to learn, discuss and to explore new networking opportunities through technology.Following the success of the first online conference, Glasstech Asia Online Conference 2021 drew over 150 registered attendees. Key trending topics of the industry like Manufacturing & Processing Innovations; Digitalisation: The Evolution Towards A Smart Factory; Architectural Designs: Design Trends of Post Pandemic Buildings; Architectural Designs: Advanced Building Skins / Advanced Facade Technology; Built Environment: The New Singapore Standards SS653 and SS654, was covered in the conference and spurred active interactions between the attendees and speakers during the final discussion round.Key highlights:Speaking on Manufacturing & Processing Innovations, Christoph Troska, Head of Marketing & Business Development at Kuraray Europe GmbH, shared interesting insights on structural glazing and the increasing need for security globally. This is critically important due to the changes in the current global climate, affecting the specifications and requirements for glass and facades in buildings.Next up, Tobias Botzenhardt, Vice President Asia Pacific of Siemens Digital Industries, shared on Digitalisation: The Evolution Towards A Smart Factory. During his informative session, key business issues faced amongst customers and partners during the COVID-19 pandemic was shared and later addressed with digital solutions to overcome these challenges.This was then complimented by Lars Anders, CEO of Priedemann Holding GmbH, who talked about Facade Engineering in the Post Covid Era -- "When it comes to digital knowledge, we have seen in Covid times, where anything that was digitalized already had seen a massive growth on deliverables and profits. We need to rethink our view on this problem by building a digital bridge".Timothy Soebroto, Associate Director of Meinhardt Facade Technology Pte Ltd -- "The evolution of architectural style has an implication to the evolution of glass facade industry". During his session, he covered the evolution of glass facades, its' impact, strategy to keep up with the evolution, and the future of glass facades.Taking on a different approach, Mathieu Meur, Director of DP Facade Pte Ltd, touched on the technical aspects of glass where he introduced the New Singapore Standards SS653 and SS654. The session highlighted standards for adoption suitable for the regional climates and temperatures, multiple risks and issues that could result in glass breakage in past products. All of which is highly pertinent for glass manufacturers to take note of.Furthermore, the online conference called attention to Architectural Designs: Design Trends of Post Pandemic Buildings, a highly discussed topic in the industry. It was an interesting segment well presented by two reputable speakers: Stefan Ude, Deputy Head of Product Certification of ift Rosenheim; Thomas Fritzsche, Founder and Head of Design of TFA Architects.Besides these live sessions, Glasstech Asia Online Conference also features on-demand components that are only accessible to delegates that have an account on the Glasstech Asia Virtual platform.Glasstech Asia Online Conference 2021 is the first of many upcoming virtual events in Glasstech Asia series taking place this year, leading up to its physical show in November.With the successful end of Glasstech Asia's Online Conference 2021, Glasstech Asia cordially invites all glass and facades professionals to join us in the upcoming series of events this year. Introducing a new partnership with PERAFI, Indonesian Facade Association, Glasstech Asia will be releasing a sequence of bi-monthly webinars that touches on different aspects of Facades.Additionally, Glasstech Asia Virtual will begin to initiate and facilitate business matching activities amongst delegates via the platform, with the aim to spur and encourage business opportunities and discussions between glass and facades professionals. Interested parties can head over to the platform here (https://virtual.glasstechasia.com.sg/ivs/glasstech) and register themselves for the upcoming business matching activities.Lastly, the annual Glasstech Asia 2021 trade show will continue to take place in Bangkok, Thailand on the 16th to 18th of November this year. As compared to the previous edition, the trade show will incorporate virtual digital components, offering virtual booths, extensive business matching features and enhanced networking functions.Further information on Glasstech Asia / Fenestration Asia 2021 can be found on our website.About Glasstech Asia 2021/ Fenestration Asia 2021Coined "The Glass Hub of Southeast Asia", Glasstech Asia is an annual rotating exhibition that focuses on all things glass. The upcoming 18th edition Glasstech Asia along with the concurrent Fenestration Asia will be held between the 16th to 18th of November next year. Returning to Bangkok, Thailand for the fourth time, the three-day event brings together the best of the Southeast Asian glass and glazing sector, from glass manufacturing, processing, and machinery to accessories, raw materials, and finished glass products. Coupled with high-powered symposiums, forums, workshops, and an exciting Glass Installation Competition, it is an event not to be missed.Additionally, Glasstech Asia and Fenestration Asia aims to meet and satisfy the increasing global demands for eco-friendly windows, doors, and facades by focusing on new industry standards in sustainability, automation, and energy-efficiency topics. With a focus on green and smart fenestration technologies to bring about a more sustainable, energy-efficient, and liveable future, the exposition is strategically geared towards helping the architecture, building, and construction sectors in countries meet their energy targets.About Messe MunchenMesse Munchen is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM - Internationales Congress Center Munchen and the MOC Veranstaltungscenter Munchen as well as abroad. Together with its subsidiary companies, Messe Munchen organizes trade shows in China, India, Brazil, Russia, Turkey, South Africa, Nigeria, Vietnam, and Iran.With a network of associated companies in Europe, Asia, Africa and South America as well as around 70 representations abroad for over 100 countries, Messe Munchen has a global presence.About BAU Network BAU is the World's Leading Trade Fair for Architecture, Materials and Systems. Everyone involved in the international community for planning, building and designing buildings comes together here--i.e. architects, planners, investors, representatives of the industrial and commercial sectors, the building trades, etc. It is where future-oriented manufacturers come together with an audience of interested professionals. Their primary interests include the latest techniques, materials and applications that can be used in actual practice. This is where visitors experience the future of building in person.Please contact us if you have any questions or require any additional information: bauasia@mmiasia.com.sg Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
Bangkok and Tokyo, Apr 27, 2021 - (JCN Newswire via SEAPRWire.com) - JCB International, Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Global Prime Corporation Company Limited (GB Prime Pay: GBP), an online payment platform provider, are pleased to announce the enablement of JCB payment acceptance at GBP online merchants today.Since the establishment in 2017, GBP is offering online payment service in a wide range of sectors such as travel agencies, hotels and ecommerce. GBP offers to provide solutions for Fintech companies and SMEs for fast, convenient and safe online payment.The ecommerce sector in Thailand has showed a great growth in midst of the COVID-19 pandemic - wherein people's payment orientation has also started to lean toward online. This JCB-GBP partnership responds to our intention to further expand and meet the growing demand on online business.About Global Prime Corporation Company LimitedGlobal Prime Corporation Co., Ltd. or GB Prime Pay is a payment service provider operating under Payment Systems Act B.E. 2560 (2017), regulated by Bank of Thailand (BOT). GB Prime Pay was established with our vision of solving and facilitating the limitation of electronic payment in the present time. We aim to assist online businesses to gain access to payment and financial management platform which is convenient, secure and user friendly as ever to enhance effectiveness and growth of online businesses.GB Prime Pay operates with the concept of everyone can design their own payment to suit their business's need as our slogan "GB PRIME PAY: CUSTOMIZE YOUR PAYMENT". Therefore, our platform is designed to be compatible with any type of business, such as online businesses, social commerce, SMEs and corporate.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 35 million merchants around the world. JCB Cards are now issued in over 20 countries and territories, with more than 140 million Cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and Cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ContactKumiko Kida, Ayaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Apr 8, 2021 - (ACN Newswire via SEAPRWire.com) - The HKTDC International Sourcing Show is the first online-and-offline trade exhibition organised by the Hong Kong Trade Development Council (HKTDC). The online section of the show, the HKTDC International Sourcing Show | ONLINE, which opened on 17 March, featured more than 1,400 exhibitors from 20 countries and regions, attracting some 23,000 buyers from 131 countries and regions. The show drew buyers from Hong Kong and around the world, including India, Indonesia, Japan, Mainland China, Malaysia, the Philippines, Taiwan, the United Arab Emirates and the United States.The HKTDC International Sourcing Show | ONLINE featured more than 1,400 exhibitors from 20 countries and regions and 19 pavilions, attracting some 23,000 buyers from 131 countries and regions to source online.More than 7,000 video meetings were conducted during the online fair, allowing buyers and exhibitors to make business deals amid the pandemic.A series of webinars was hosted during the online fair, including "International Sourcing Outlook", "Survive and Thrive: Leveraging End-to-end E-commerce Solutions" and "Utilising Licensing to Expand Your Business". The webinars recorded more than 44,000 views in total, equipping companies with up-to-date insights on the latest trends in sourcing and marketing.To help businesses capture new opportunities, the HKTDC mobilised its network of 50 offices worldwide together with its artificial intelligence-powered online business matching platform, Click2Match, to connect exhibitors with buyers. As of 31 March, more than 7,000 online business matching meetings had been successfully conducted, facilitating buyers and sellers to capture new business opportunities and help them overcome the impact of the pandemic.Following a successful debut at HKTDC Autumn Sourcing Week | ONLINE last year, the HKTDC once again offered 3D virtual booths at the International Sourcing Show | ONLINE. It also launched a product video production service to help small and medium-sized enterprises (SMEs) design and produce promotional videos, facilitating them to showcase their products in a more eye-catching way and get better prepared for the era of digitalised sourcing. Both the 3D booths and the video service were well received by exhibitors.Exhibitors and buyers positive about hybrid exhibition formatEven though the global pandemic situation is showing signs of improvement in some regions, its impact continues to be profound. Benjamin Chau, Deputy Executive Director of the HKTDC, believes that global sourcing will become increasingly digitalised and that future trade fairs will be more likely to offer a hybrid model of online and offline sourcing to reap the benefits of both formats. "When physical fairs resume, the HKTDC will continue to organise regular online sourcing events that will feature different themes and will align with the sourcing cycles of different industries. Our goal is to generate even more business opportunities for suppliers and buyers globally," Mr Chau said.As the trend for combining online and offline sourcing gains traction, the HKTDC conducted an online survey to gauge the views of exhibitors and buyers joining the International Sourcing Show. The survey found that the majority of exhibitors surveyed (80%) considered that trade fairs with online elements will become their major promotional channel in the future, while 96% said they would participate in the HKTDC's online and physical exhibitions again. According to the survey results, most buyers (82%) indicated an intention to participate in trade fairs offering online and physical elements to develop both online and offline business opportunities.Regarding business results, more than 80% of exhibitors said they had achieved one of the following objectives through the event, including generating new sales leads, meeting new customers, promoting their company's brands and products, and launching and promoting new products. Over 90% of buyers agreed that the show helped them seek out new products and new suppliers and get a better understanding of market trends.Click2Match helps facilitate business discussions and dealsMany companies taking part in the show were successful in finding either buyers or suppliers through the Click2Match platform. Rachel Chan, Business Development Specialist at Avery Dennison (Hong Kong) Ltd, said the online fair offered her company a good opportunity to introduce its total printing solutions and RFID labels to buyers from different industries. "We are very happy to have video meetings with more than 10 new buyers from different places including Mainland China, India, Malaysia and Thailand. The buyers are keen to develop cooperation opportunities with us, and we hope to continue receiving new sales leads or enquiries. The online show also helped to increase our company's exposure."Atitaya Dechboon, a representative of Fashion Hometex Co Ltd in Thailand, said "We have made four new contacts with buyers from Mainland China, Brazil, Poland and Saudi Arabia. We expect potential orders worth US$100,000 from three new buyers. We are very satisfied with the Click2Match service which allowed us to arrange video meetings as frequently as we liked without any time conflicts."Artem Mykhailyk, Chief Operational Officer at Micon Trade LLC in Ukraine, was interested in sourcing smart wearable devices and DVR cameras. "Through the International Sourcing Show | ONLINE, we have found three potential suppliers from Mainland China and Taiwan. We plan to place orders worth US$280,000 with these suppliers. The show provided a unique and well-arranged online sourcing platform that offered an alternative to physical exhibitions amid the pandemic. I found it easy and convenient to find suitable products and make appointments with potential suppliers."Hanna Touma Bechara, Manager at Modern Electronics Co in Lebanon, found two potential suppliers from Hong Kong and Mainland China through the online fair. "Our budget for buying audio systems is US$30,000. Due to travel restrictions under the global pandemic, online trade shows like this are the only way we can find new suppliers for the time being."Intelligence Hub webinars let companies feel the market's pulseThe Intelligence Hub set up during the online fair hosted 17 webinars which featured more than 60 industry experts sharing the latest industry developments and trends, attracting more than 44,000 views in total. The most popular webinars include "International Sourcing Outlook", "Survive and Thrive: Leveraging End-to-end E-commerce Solutions", "Utilising Licensing to Expand Your Business" and "Toys & Children's Products Safety & Regulations Updates". In addition, the HKTDC launched the "Let's Go Phygital: Power Up for the New Normal" seminar series, helping SMEs adapt to the hybrid online and offline sourcing model, with the first round of webinars held during the online show. The videos of the webinars have been uploaded to the Intelligence Hub webpage (https://isshow-online.hktdc.com/en/intelligence-hub), enabling companies to review insights from industry luminaries anytime, anywhere.The International Sourcing Show is first HKTDC exhibition to adopt an online-and-offline format, integrating the seven HKTDC trade fairs* that were originally scheduled to run in spring 2021. The online part of the show is available from 17 March to 29 July, while the physical exhibition will be staged from 26 to 29 July at the Hong Kong Convention and Exhibition Centre. While the Click2Match business matching service for the online show has concluded, buyers can continue sourcing with exhibitors through the upgraded hktdc.com Sourcing platform (http://sourcing.hktdc.com) until the end of July 2021.*The seven fairs are: the HKTDC Hong Kong Toys & Games Fair, HKTDC Hong Kong Baby Products Fair, HKTDC Hong Kong Houseware Fair, HKTDC Hong Kong International Home Textiles & Furnishing Fair, HKTDC Hong Kong Fashion Week, HKTDC Hong Kong Gifts & Premium Fair, and the Hong Kong International Printing & Packaging Fair. The latter event is co-organised by the HKTDC and CIEC Exhibition Co (HK) Ltd.Websites:HKTDC International Sourcing Show: https://isshow.hktdc.com/online/en/Intelligence Hub: https://isshow-online.hktdc.com/en/intelligence-hubMedia Centre: http://mediaroom.hktdc.com/Photo download: https://bit.ly/3msyefrAbout the 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 SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.orgAgnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - Station Inspector (SI) Chua Kwee Hee, 51, spends much of his time patrolling the Bishan neighbourhood and knocking on doors to warn residents about scams. The officer, who is part of the Community Policing Unit (CPU) at the Bishan Neighbourhood Police Centre, noted that although residents say they are aware of scams, many realise they have been scammed only after the fact. Last year, the number of scams hit a record high of 15,756, pushing the crime rate to its highest level since 2009, as victims lost more than $201 million to scams. That's why CPU officers educate the public about scams through house visits and neighbourhood patrols, often with anti-scam pamphlets and other materials. The Straits Times shadowed two police officers, SI Chua and police full-time national serviceman (NSF), Special Constable (SC) Abdul Raaziq Abdul Rashid, 23, one afternoon last month as they visited residents of a Housing Board block in Bishan. During the visits, they taught residents how to spot signs of online purchase scams and scam calls. SI Chua, who has worked as a CPU officer for seven years, said he has met residents who have fallen prey to online purchase and love scams. He remembers one woman who was concerned about a family member she believed was being duped by a "girlfriend" he met online. At the request of the "girlfriend", he sent her hundreds of dollars every month. SI Chua said: "I advised the woman to ask him to stop sending money and see what the response is from the other party. If a person really loves you, they won't ask you for money." Preventing people from getting into a situation like this is what keeps SC Abdul Raaziq motivated. The NSF, who has been on the job for six months, said: "Although it's a routine (job), if we can help most of the residents to avoid getting scammed, then it's an achievement." Online scams were more common last year, said the police, as more people stayed home due to the Covid-19 pandemic and carried out more online transactions. A resident who wanted to be known only as Ms Tan, 52, a teacher, has come across dubious messages promising free Starbucks vouchers and Singapore Airlines deals. She said she sometimes clicked on the links and filled up forms to gain rewards. But with the help of her brother, 46, an engineer with whom she lives, she is now much more cautious. He said: "How can there really be such good deals? There's no free lunch in the world." Online scams were more common last year as more people stayed home due to the Covid-19 pandemic and carried out more online transactions. ST PHOTO: LIM YAOHUI More on this topic Related Story New digital Frontier in S'pore's fight against scammers targets syndicates' funds Related Story Bank fraud experts in S'pore use AI to predict scammers' next move The police officers also warned residents about international scam calls, which often have a "+" in the caller ID, and encouraged them to download the ScamShield app. It was developed by the National Crime Prevention Council last year to filter messages and calls from scammers. Ms Claire Maribel, 42, a customer service supervisor, said she has received many scam calls. But anti-scam posters around the neighbourhood helped her identify scammers who impersonate government officials. Ms Maribel, who lives with her husband, mother, two daughters and their nanny, once received a call from someone posing as an Inland Revenue Authority of Singapore (Iras) official who said she had not paid her taxes. "I told the person, if you're really from Iras, I'll hang up and call you back. He immediately hung up." More on this topic Related Story More than 300 people in S'pore under probe for scams amounting to $7.3 million Related Story Interactive: How a love scammer’s 3-month ruse to swindle $165k got exposed
HONG KONG, Apr 1, 2021 - (ACN Newswire via SEAPRWire.com) - GOME Retail Holdings Limited (HKEX stock code: 493) announced its audited annual results for the year ended 31 December 2020 (the "Reporting Period").Strengthened Development in the Second Phase after Successfully Completing the First Phase of "Home . Living" StrategyIn 2020, GOME completed the first phase of strategic development under its "Home . Living" strategy, and started in-depth development in a more refined manner in the second phase. In particular, GOME accelerated the development of its dual-platform new retail ecosystem powered by technology, intelligence and innovation, and established the "Social + Business + Sharing" GOME ecosystem with focus on online operation by integrating online and offline platforms and utilizing the strength of proprietary operation and third party external supply chain.During the Reporting Period, the novel coronavirus ("COVID-19") pandemic boosted the development of the "Stay-at-Home Economy" and led to change in consumer demand in the market. To capture the opportunities, GOME has stepped up efforts to further implement social marketing and expand its digital local retailing business built on its dual online and offline platforms by leveraging its resourceful supply chain, nationwide logistics network and professional services. In particular, the large home appliance business, which was affected seriously by COVID-19, started to recover in the second quarter of 2020 as reflected by the 31.3% growth in overall sales revenue in the second half of the year comparing to the first half of 2020. Overall gross profit margin also showed a trend of month-on-month recovery since the second quarter this year, and up by about 1 percentage point in the second half of the year comparing to the first half of 2020. 1,034 new county-level stores were open throughout 2020, representing a YOY increase of over 100%. The number of GOME's online communities also saw significant growth and passed the 1 million milestone with coverage of over 100 million users. Online and offline members reached more than 200 million, including over 1 million with paid membership. In December 2020, the first order conversion rate of new customers was 15% and the repurchase rate of members was 31%, representing a YOY increase of 64% and 21% respectively, and the membership activity increased by 105% YOY. In the first quarter of this year, the estimated sales revenue of the Company achieved over 170% YOY increase. These were all attributable to the effective digital operation of GOME's online and offline platforms.Operating Model Continued to Improve and Cash Position Maintained at Healthy LevelDuring the Reporting Period, the Group actively responded to the challenges posed by the pandemic by adopting stringent cost control measures and a relatively low-cost online inbound marketing model, coupled with an asset-light franchise operating model, which reduced substantial operating expenses such as rent and labor cost, enhanced operational efficiency, improved the overall profitability of physical stores, increased both customer traffic and sales while also effectively controlling the costs. In 2020, GOME's marketing expenses decreased by 24.3% YOY, administrative expenses decreased by 14.9% YOY, and other expenses excluding major non-operating factors decreased by 14.3% YOY. In terms of financing, GOME is forming a positive operating cash flow thanks to the support of more banking facilities and credit terms offered by suppliers, and has successfully redeemed bonds totaling over RMB3.8 billion in 2020, with all debt service funded by the Company's own cash holdings. At the end of the reporting period, GOME's cash and cash equivalents amounted to approximately RMB9.6 billion, maintaining at a healthy level of around RMB10 billion.Upgraded Both Online and Offline Operations to Develop a Brand New Omni-channel Digital PlatformIn 2020, GOME constructed the industry infrastructure through digital and standardized transformation of online and offline stores, products, transaction processes and service quality, which improved the transaction efficiency and service experience and facilitated the optimization and upgrade of the nationwide store network after the pandemic subsided. GOME has established a three-level service scope structure across the country to meet the demand of household customers in 3km, 5km and 8km radius based on different types of stores, scenarios and customer experience, which formed a grid-based coverage and optimized the store layout and service offerings.In the future, the Company will continue to rapidly expand its network and complete the basic layout of its offline platform with franchising as the main focus supplemented by proprietary operation, aiming to have 6,000 physical stores in the next 18 months and achieve a monthly active users of over 100 million by diverting customer traffic from offline to online platform. In terms of offline platform, the Group has completed the online migration of more than 3,400 stores nationwide by setting up dedicated webpage for each store, which enabled such stores to carry out internet and digital operation and serve GOME customers in 3-8 km radius through video guide, professional shopping guide and concierge services, thereby becoming the closest and most reliable shopping guide for the customers under the one-stop service model of "real-time online reply + on-time and speedy product delivery + in-store and at-home services".For online operation, the Group owns an E-commerce trading platform, social sharing platform, large social network, and wide range of community members to support localized operation. The GOME APP has been completely revamped and restructured with the addition of the 1.0 entertainment module including "Video Shopping Guide", "Meixin" and "Short Video + Livestreaming + Matches". The coverage of mini program was further expanded, and the grid-based community expansion was completed, which enabled compact operation. In January 2021, our revamped mobile application was finally launched to the market under the new name of "FUN". Since its launch and up to the end of March 2021, the estimated GMV of "FUN" APP grew nearly four times YOY with MAU stabilized at about 40 million and DAU of nearly 10 million on special offer days. The layout, functions and style of the online platform have taken shape and will continue to release new benefits in the future.Continuously Explored New Retailing Models and Created Interactive User Experience with Entertaining and Social FeaturesBased on the grid-based layout of physical stores, GOME actively carried out community marketing to integrate online and offline operation, and further utilized its strength in supply chain, logistics service, video promotion and community-based social network.In addition, by leveraging its advantageous resources, GOME has developed a high-quality livestreaming product promotion model of "informative content + most popular IP + immersive scenes" to create refreshing and upgraded experience for consumers. In 2020, GOME cooperated with CCTV News, a reputable news outlet, to carry out livestreaming product promotion events in 31 provinces across the country, showcasing GOME's "New Store Image" and localized retailing to consumers in China.Capitalizing on the favorable development trend, GOME strengthened its efforts in entertaining-oriented marketing model by launching the "FUN" APP in the beginning of 2021. Its core strategy is to facilitate transactions driven by social network where merchants and customers may sell and buy products and services on the platform in an entertaining way. With such interactive experience, entertaining content, fun and enjoyable marketing initiatives and the sharing and social features, GOME has developed a unique retailing ecosystem, which laid a solid foundation for the continuous development of GOME's digital, platform-based and entertainment-oriented operations under the theme of "social + business + sharing".Meanwhile, based on the new strategy, GOME established the "Home . Living" showroom to showcase high-quality products and create unique experience for its offline platform, implemented the plan to optimize the layout of GOME stores through renovation and business format upgrade, striving to provide customers with the best immersive consumer experience. It also diversified and enriched the offline scenarios by offering a combination of service and content such as video promotion, livestreaming promotion and match broadcast, thereby creating a fun and enjoyable in-store experience for the customers. Looking forward, by maintaining a high standard of retail operation, GOME will fully promote the new model and mechanism of entertaining retailing to enable merchants and customers to sell and buy quality products and services and share their experience on the "FUN" platform, and facilitate the platform and merchants to acquire natural customer traffic at lower cost in a more efficient and sustainable manner, and improve the user stickiness and repurchase rate, thereby enhancing the GMV and profit of the platform.Expanded and Strengthened Advantages in Supply Chain and Services and Accelerated Digital Development at Its All-out EffortsAfter transforming to the "Home . Living" strategy, leveraging its 34 years of extensive experience in proprietary operation in vertical market, the Company launched more carefully selected products and provided digital and intelligent management tools to serve external merchants and the general public under the idea of "being the pioneer of the industry in terms of uniqueness, quality and innovation", thereby establishing a win-win cooperation among GOME, merchants and users. It accelerated the expansion in non-electrical appliance business through stringent selection of products for its proprietary operation, established partnership with more external parties based on stringent selection standards, and developed an open supply chain platform for stringent selection of quality products and services covering all categories.During the Reporting Period, GOME House Manager under the Group also continued to provide "home installation, cleaning, repair and maintenance and renovation services" to customers. With the optimized logistics and delivery services, GOME has applied its service capabilities in more business scenarios to continuously enhance customer satisfaction and shopping experience. The Group also utilized the power of big data analysis from its online platform to conduct research on consumer behavior and proposed "eight major procedures" for product selection in order to carefully select premium products from various perspectives. Based on massive data, supply chain support, bargaining power with suppliers and the intent of offering benefits to the consumers, GOME formed in-depth cooperation with the suppliers, reduced the prices through direct sales and control product quality at source in order to reward the consumers. During the Reporting Period, GOME has completed the infrastructure for its logistics service platform by setting up centralized warehouses, city warehouses and in-store inventory, and maintained a nationwide logistics network with 5 million square meters of storage space. With the fast delivery and flash store delivery provided by Anxun Logistics, GOME achieved fast and on-time delivery of products to customers and enhanced the turnaround efficiency, setting the highest industry standards with optimal user experience.Introduced Strategic Partners with Huge Customer Base to Achieve Win-Win Cooperation and Mutual DevelopmentThe Group will continue to implement the multi-dimensional marketing strategy by sharing supply chain resources and opening up the logistics network, and form strategic partnership with different channels such as JD.com and Pinduoduo to provide carefully selected high-quality products in all categories to consumers while bringing abundant customer traffic and resources to merchants, so as to share resources, reduce costs, enhance efficiency and achieve win-win cooperation and mutual development for GOME, its customers and merchants.In April and May 2020, GOME formed strategic cooperation with Pinduoduo and JD.com, respectively, demonstrating the industry's recognition of the value and potential of GOME's unique resources. In 2021, GOME will further develop its strategic partnership with external high-traffic platforms and third party suppliers and strive to achieve traffic integration and mutual empowerment. In addition, it will also establish a comprehensive supply chain to share advantageous resources and continue to develop the new retail model of online and offline integration to create greater synergy. The Company expects to maintain strong growth in the future with the empowerment of the online and offline platforms and the "FUN" APP covering all scenarios.The Company management concludes: "In 2020, despite the impact of pandemic on retail industry, the Group actively tackled different challenges and adversities with concerted efforts by leveraging its strengths accumulated over the years, effective business strategies and excellent service capabilities. In 2021, we presented the 'New GOME' with new mindset and ushered in a new stage with new development pattern. For future operation and development, we will focus on facilitating strategic upgrade to develop a new platform layout and enable mutual and targeted support between online and offline platforms, thereby reducing operating costs and fully improving our profitability and user experience. Meanwhile, we will also accelerate the development of digital operation at all-out efforts, continue to expand and strengthen the advantages in supply chain and services, open up the supply chain to cooperate with more third party suppliers, put more efforts in stringent selection of quality products, and ensure premium shopping experience based on highest service standards in the industry. The launch of the 'FUN' APP kicked off GOME's ambitious plan for entertainment-oriented retailing business. To support this plan, we will uphold the core value of new retail to 'create and share fun and enjoyable sales and shopping experience', utilize our unique strength to upgrade the business models and facilitate the development of a digital and platform-based retail ecosystem with entertaining features to fully release the huge potential of 'New GOME'." Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
London & Tokyo, Mar 31, 2021 - (ACN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has seen impressive growth in virtual spending with European retailers from its Asian cardmember base, with online sales growing by more than 300% across the continent between 2016 and 2019[1].These figures have been released alongside the launch of JCB's latest whitepaper, "Ecommerce: Business Without Borders", which includes exclusive insights for European retailers on Asian online spending patterns and why building omnichannel is key.Europe has always been a top travel destination for JCB cardmembers. However, during recent months without travel, many retailers have had to pivot their offering to cater for customers online. Thus, ecommerce spending in the region, already a growing trend among cardmembers, has now accelerated dramatically in response to recent events.Asian economies are at the forefront of global economic recovery, and JCB data shows that eager high-net-worth Asian shoppers are still willing to spend with European brands. European e-retailers therefore, have a huge opportunity to tap into this market as a route to returning to economic prosperity in the coming months and years.The following insights were extracted from JCB cardmembers spend in the region over a two-year period.JCB's report reveals key insights into the evolving behaviours and expectations of Asian consumers during the last three years, with noticeable variation depending on the issuing region:- Chinese JCB cardmembers increase spend at UK department stores by 170%:Chinese cardmembers are still spending in Europe, but shifting from travel to retail, with the latter category accounting for 31% of sales in 2020 - a notable increase from 11% in 2017. Sales at British department stores increased by 170% between 2019 and 2020.- Japanese JCB cardmembers surpass 90% online transactions in Europe:Among Japanese cardmembers, 91% of sales were made online in 2020 compared to 73% in 2017. Interestingly, Japanese cardmembers spend also increases in the months of July and December, which correlates with when many Japanese companies offer bonuses.- Spanish and UK retailers popular with JCB South Korean online spend:Online shopping has increased over the past four years among South Korean cardmembers to 96% of overall transactions in Europe, up from 76% in 2017. Spain accounted for 34% of sales with European e-brands in 2020, while the UK increased its share to 59%, up from 24% in 2019.- Ecommerce dominates by Taiwan cardmembers at 98% of sales in Europe:Ecommerce transactions among Taiwanese cardmembers have grown to 98% of overall transactions in European merchants, up from 78% in 2017. Additionally, travel restrictions have meant that 30% of spend against their total online sales went to retail purchases in 2020. This is particularly notable considering sales in 2017 for retail represented just 6% of spend.- The retail industry continues to grow its share of Thai online spend:In 2020, 80% of transactions in Europe made by Thai cardmembers were online compared to 54% in 2017. Incredibly, retail sales jumped to 43% of their total EC transactions in 2020, up from 13% in 2019 and just 2% in 2017.Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd. comments: "Ecommerce now offers such a huge opportunity with Asian cardmembers that European retailers cannot afford to miss out. At JCB, we believe in a collaborative approach to ecommerce underpinned by a two-fold mission. Firstly, to offer our cardmembers, who have grown by 48% in the past 4 years in number[2], every possible opportunity to complete their shopping journey with their payment network of choice. Secondly to drive and support brand loyalty by pushing customers for our partners with the core goal of enabling economic prosperity and recovery across Europe - and beyond.JCB is a leading payment brand in Asia and our cardmembers seek out our logo as a beacon of support when shopping on or offline. When Asian consumers begin travelling again, it will be the retailers that provide both a compelling in-store experience alongside a convenient and secure omnichannel experience that will see their sales grow most rapidly with this market."Download and read the full whitepaper - HEREhttps://www.linkedin.com/feed/update/urn:li:activity:6782214363907424257[1] JCB Proprietary Data (May 2020)[2] JCB Proprietary Data (September 2020)About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 35 million merchants in the world. JCB cards are now issued in over 20 countries and territories with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information: www.global.jcb/en/Contact:Propeller GroupContact: Mykayla CarrEmail: jcb@propellergroup.com / mykayla.carr@propellergroup.comPhone: +44 7445 067604JCB International/EuropeContact: India StoneEmail: istone@jcbeurope.euPhone: +44 020 7087 4754JCB (Head Office in Japan)Contact: Kumiko Kida, Ayaka NakajimaEmail: jcb-pr@jcb.co.jpPhone: +81 3 5778 8353 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Mar 29, 2021 - (JCN Newswire via SEAPRWire.com) - On April 1st (Thursday), the Mitsubishi Minatomirai Industrial Museum (Nishi-Ku, Yokohama City), operated by Mitsubishi Heavy Industries (MHI) Group, will introduce measures for dealing with the spread of Covid 19. In addition to the hands-on exhibitions and events that have attracted visitors in the past, the museum will implement improved broadcasting functions for online content that can be accessed remotely. It will use its online event distribution system to share MHI Group's efforts towards solving challenging social issues and promoting the development of a global society where everyone can feel safe.Starting from April, the newly established event distribution studio will hold three kinds of online events, General, Special, and Educational. General Events are regular events that help spread interest in science and technology to the young people who will go on to form the generations to come. They also help to create and foster museum fans. These events include science and technology shows and guided tours of the museum's exhibits aimed at families and elementary/junior high school students. Special Events are mainly aimed at adults and include lectures that leverage the professional knowledge and expertise of MHI Group members. Educational Events are targeted at school organizations and broadcast online classes that help nurture an interest in science education and contribute to the development of future generations. (Please see the WEBfor online event schedules.)In line with these changes, the opening hours and closed days will also change from April 1st. Opening hours will be from 10:00 am to 3:00 pm on weekdays and from 10:00 am to 4:00 pm on Saturdays, Sundays, and holidays. The museum will be closed every Tuesday and Wednesday. The museum will limit admission to a maximum of 100 people at same time, and will continue to observe thorough anti-infection measures including the daily disinfection of exhibitions and scheduled cleaning.Mitsubishi Minatomirai Industrial Museum was first opened in June 1994 in Yokohama City's Minatomirai district, an area with which MHI Group has a deep connection, in order to help interaction with local people and promote interest in science and technology. The museum has been instrumental in introducing the latest technology and products of MHI Group by displaying physical products, models, images, and panels to raise visitors' understanding. Going forward, the museum will take steps towards further increasing the recognition levels and brand awareness of MHI Group through enrichment of online distribution functions. They will also proactively engage in the transmission of the appeal and potential of science and technology. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Mar 29, 2021 - (ACN Newswire via SEAPRWire.com) - WANKA ONLINE INC. (Stock Code: 1762.HK) announced the consolidated annual results for the year ended 31 December 2020 (the "Reporting Period") on 26 March. Despite the harsh environment affected by the COVID-19 epidemic, WANKA ONLINE stand with the participants of Android ecology, the Company is concerned about the health of the Android ecological environment all the time, and through constant investment in research and development to improve and enhance the professional ability and level, so that the Company can maintain a level of commitment. During the reporting period, WANKA ONLIE recorded a revenue of RMB1,726.75 million. The gross profit, operating profit and profit for the year attributable to owners of the parent of WANKA ONLINE were RMB242.75 million, RMB95.12 million and RMB66.81million respectively.In 2020, WANKA ONLINE strengthened its relationship with Chinese mobile phone manufacturers and mobile distribution channel providers by actively deepening and diversifying its cooperation, which in turn provided them with quality mobile internet contents on a continuous basis. While deepening its existing partnerships, the Company also continued to explore new partnership opportunities by leveraging its excellent placement efficiency. In respect of industrial customers, the Company strengthened its risk control management in response to the pandemic impacts by adopting a much more prudent approach to screen potential quality customers, tracking the promotion scale and repayment conditions of small and medium-sized new customers, and maintaining ongoing communication with existing customers so as to ensure the safety and stability of its main business operation. Due to the pandemic impact, customers across a spectrum of industries generally reduced their marketing budgets, and the demand for mobile distribution slowed down, which has led to a year-on-year decrease in the Company's mobile distribution. During 2020, revenue from its mobile advertising service amounted to RMB1,663.6 million, representing a decrease of 26.9%, while revenue from its online-video distribution services and game co-publishing services in 2020 amounted to RMB55.4 million and RMB7.8 million, respectively. As at 31 December 2020, WANKA ONLINE had co-published 26 mobile games in China. In line with the stabilizing pandemic conditions and improving economic conditions in 2021, however, the Company expect the demand for mobile distribution and placement will grow, resulting in an upward trend of the mobile distribution industry. In addition, based on the close relationship with mobile phone manufacturers, WANKA ONLINE continues to help mobile phone manufacturers to build value-added mobile Internet services, help developers to realize monetization, and expand new sources of traffic channels. In order to comply with the trend of video, WANKA ONLINE has built video business around mobile phone manufacturers. With the popularity of 5G mobile phones, the business of this sector is expected to accelerate growth.The DAPG platform represents its key instrument to connect with a wide range of Android mobile internet participants with efficient placement services. Despite the challenging environment, the Company will be committed to its continued investments in the research and development on the DAPG platform for the purposes of continuous update at any moment, and as a result of which it is expect to continue to develop new technologies, which will enable the Company to remain as the leader of the fast-moving mobile internet market and provide more accurate placement services. During the Reporting Period, the research and development expenses increased by 61.9% to RMB73.5 million. In light of the accumulated data and experience derived from the DAPG platform's outstanding placement efficiency, the DAPG platform has multi-dimensional scalability, providing customized distribution services to different presentation methods in more industry sectors. In 2020, WANKA ONLINE developed functional modules that support innovative forms of placements such as interactive videos and interactive games, and the Company will expand the DAPG platform to cover more areas based on partnership requirements and market opportunities.WANKA ONLINE have provided various support and carried out layout around the Quick App ecosystem. In order to capitalize on the opportunities presented by the widely use of 5G technology. In 2020, Quick App has been launched in more than 170 countries and regions around the world, with more than 500 million monthly active users and more than 4 billion monthly users. Based on the Quick App technology, the Company promoted the cooperation in the area of Internet of Vehicles and launched the SaaS products in a timely manner, which provided a starting point for its strategic layout in the 5G era and allowed the Company to gain valuable experience. WANKA ONLINE believe that Quick App, as an excellent connection medium, can enable more traditional industries to become participants in the Android ecosystem.Despite the impact of the pandemic and the international situation, the Company continued to explore and lay out its network in overseas markets. In 2020, WANKA ONLINE accumulated extensive experience in the distribution and operation of mobile games overseas through the distribution of its self-developed mobile games in Hong Kong, Macau, Taiwan and overseas countries. The Company's mobile games also attracted positive response. In the future, with less uncertainties on and the gradual popularization of 5G technology, Chinese mobile phones and Quick Apps around the world, the Company will carry out more business cooperation overseas.Gao Dinan, the Chairman of WANKA ONLINE said, "Although the pandemic remains one of the factors of instability in 2021, we are confident that we will gradually get the business back on track in the coming year with the experience accumulated in 2020 and our robust business chain as a result of enhanced management as well as the recovery and continued growth of mobile distribution market. We will also continue to deepen our cooperative relationship with the upstream and downstream partners of the business chain. While ensuring the stable development of our existing business, we will endeavor to explore new businesses in synergy with our principal business, give full play to the scalability of the DAPG platform and expand more new markets with the potential of mobile Internet. Focusing on 'connectivity', in the field of Quick App, we will place emphasis on the traffic, development and user development. We will also continue to explore potential cooperation opportunities to make Quick App an important medium of artificial intelligence and Internet of Things in the 5G era." Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Mar 26, 2021 - (ACN Newswire via SEAPRWire.com) - China's leading online tour guide provider Lvji Technology Holding Inc. ("Lvji Technology" or the "Company", together with its subsidiaries, the "Group", stock code: 1745.HK) announced its consolidated results for the year ended December 31, 2020 ("the Year").Financial Highlights:-- The revenue in 2020 was RMB295.1 million, compared with RMB541.8 million in 2019. The decrease in the revenue was mainly due to the global outbreak of COVID-19 in the first quarter which led to shrinking travel demand. The revenue in the second half of 2020 was RMB214.7 million, recording an increase of 167% compared to the first half of 2020.-- The Company has been establishing in-depth cooperation with cultural and tourism bureaus and scenic spots across China. The revenue from the sale of customized content in 2020 was RMB13.0 million, a significant increase of approximately 49.9% compared to 2019.-- The net loss for the Year was RMB100.6 million, whereas the profit in 2019 was RMB160.8 million. The loss was mainly due to the continuous pressure on the Company's overseas online tour guide business, which was the result of the severe situation of overseas epidemic prevention and control, and the implementation of passenger flow control in domestic scenic spots, both partially offset the growth brought by the recovery of the domestic tourism industry since the second quarter in 2020. An impairment loss of RMB70.4 million in intangible assets was recorded for the year of 2020. Excluding listing expenses, the adjusted loss for the year was RMB61.1 million, and the adjusted profit for the year of 2019 was RMB178.8 million.Operational Highlights:-- The number of online tour guides increased by 6,559 from 19,493 as of December 31, 2019 to 26,052 as of December 31, 2020, while the number of tourist attractions in China covered by our online tour guides increased from 11,238 as of December 31, 2019, to 14,229 as of December 31, 2020. The Company's online tour guides covered 279 AAAAA tourist attractions and 2,343 AAAA tourist attractions.-- Established in-depth cooperation with the culture and tourism bureaus across China. During the reporting period, the Company successfully delivered several key projects of smart tourist attractions management service system. Developed SaaS system "Lvji Travel Tool" to help tourist attractions enhance their digital operation ability.-- Using VR and other innovative technologies combined with online tour guides, "Lvji VR" has finished the delivery of projects such as Xijiang Thousand Household Miao Village of Guizhou Province, Guilin Tourism University of Guangxi Province and all-round Luoning County of Henan Province.During the Year, the outbreak of COVID-19 has severely affected the economy in China and the world. The consumption and tourism industry was basically stalled and halted in the first half of the Reporting Period with a significant decrease in travel demand of consumers. Fortunately, with the pandemic being gradually controlled in China since the second quarter in 2020 and the recovery of the domestic tourism market, the Company's domestic tourism business has also resumed growth. However, due to pandemic prevention and control requirements, tourist attractions in China were still implementing passenger flow control, and some consumers were still vigilant to travel. In addition, the Company's overseas online tour guide business has been under pressure due to the severe condition of overseas pandemic prevention and control, partially offsetting the growth brought by the recovery of the domestic tourism industry.The Company's total revenue for 2020 is RMB295.1 million, a year-on-year decrease of 45.5% from RMB541.8 million in 2019. In the second half of 2020, the Company performed well in the wave of recovery in the tourism industry and achieved a strong rebound. Compared with the revenue in the first half of 2020, the revenue in the second half of the year was RMB214.7 million, an increase of 167% quarter-to-quarter. At the same time, benefited from the in-depth cooperation with the cultural and tourism bureaus and scenic spots across China, the revenue from the sale of customized content increased significantly by about 49.9% year-on-year to RMB13.0 million. The net loss in 2020 was RMB100.6 million whereas the profit was RMB160.8 million in 2019. In 2020, the adjusted loss for the year excluding listing expenses was RMB61.1 million, and the adjusted profit in 2019 was RMB178.8 million.During the Year, the Company captured the opportunity of recover and invested in research and development resources continuously to increase the coverage of tourist attractions. The Company further consolidated its market leading position by optimizing and upgrading the online tour guides. As of December 31, 2020, the Company's online tour guides reached 26,052, an increase of 6,559 from 19,493 as of the end of 2019. The number of tourist attractions in China covered by the Company's online tour guides increased from 11,238 as of the end of 2019 to 14,229 as of the end of 2020, and the Company's online tour guides covered 279 AAAAA tourist attractions and 2,343 AAAA tourist attractions. Furthermore, the Company increased in-depth cooperation with local culture and tourism bureaus by focusing on schemes of all-round tourism and smart tourist attractions. At the same time, the Company has been using new technologies to enhance the production capacities of online tour guide and customized content and expand marketing channels, so as to continue to maintain its market leadership.Strategically increased the coverage of tourist attractions, and the content of tour guides was multi-dimensionally optimizedIn 2020, the Company continued to increase the coverage of tourist attractions and the number of online tour guides was 26,052 as at the end of 2020. In the regular epidemic prevention and control stage, consumers' demand for short-distance travel in peripheral regions was rising rapidly. Therefore, the Company strategically increased the coverage of suburban tourist attractions in domestic cities to actively capture the opportunities brought by the domestic tourism industry's recovery and meet the diverse travel demand of consumers.In addition, the Company has been continuously optimizing the original content of tour guides. The Company carried out multi-dimensional technological innovation on online tour guides including creative radio drama, audio production for tour guides, video editing, animation, 3D scene and sticker design; upgraded the content of articles and strengthened the content of cultural tourism; expanded the sharing of practical and personalized content from single tourist attraction explanation mode to sharing and recommendation of multiple content to realize the transformation of creative characters and perspectives; upgraded audio-visual module and integrated video animation with the cultural knowledge of tourist attractions to enrich the display form of tourist attractions; and enriched drawing style and created 3D hand-painted maps to intuitively display the panorama of tourist attractions and provide more interesting content for users to enhance the tourism experience.Deepened cooperation with cultural and tourism bureaus and tourist attractions and continuously deployed all-rounded tourism and smart tourist attractions management service system layoutDuring the Year, the Company established in-depth cooperation with the culture and tourism bureaus across China, aiming to change the service mode of the tourism industry and consumers' way of traveling. The Company developed a smart tourist attractions management service system to assist management departments of the government in the efficient management and reasonable deployment of local tourism resources in the form of big data center, command center, Internet portal, etc. During the Reporting Period, the Company successfully delivered several key projects of smart tourist attractions management service system.Meanwhile, the Company has been continuously strengthening cooperation with tourist attractions by assisting them in VR and AI tour guides and establishing a mobile phone tour and a big tourism data platform to improve the comprehensive service and operation platform of all-rounded tourism. In addition, in order to improve the digital marketing and detailed operation service of tourist attractions, the Company also developed SaaS system "Lvji Travel Tool" to help tourist attractions enhance their digital operation ability, diversify the options for consumers' returning purchase, construct private internet traffic pool system in tourist attractions, provide solutions for smart tourist attractions, and facilitate the digitization of tourist attractions. Customized content services with cultural tourism bureaus and tourist attractions will be one of the important drivers of the Company's future performance growth.Continuously innovated technology and strengthened offline channel expansionAs a technology-driven company, the Company always insists on the application of innovative technology to the cooperative tourist attractions, using VR and other innovative technologies combined with online tour guides. "Lvji VR" offers functions such as 720 panoramic VR, VR panoramic live broadcast, VR comic live broadcast and VR video documentary filming, providing higher-quality services to the tourism market during the normalization of the epidemic prevention and control stage. During the Reporting Period, "Lvji VR" has finished the delivery of projects such as Xijiang Thousand Household Miao Village of Guizhou Province, Guilin Tourism University of Guangxi Province, and all-round Luoning County of Henan Province.Combined with the current popular innovative sales mode, the Company intensified the offline market layout and expansion of online tour guides. During the Reporting Period, the Company negotiated with a number of well-known tourism groups, local travel agencies and large organizations and developed innovative sales and marketing strategies, including projects such as live broadcasting promotions, "reservation + ticketing" initiates and SaaS sales model, which has enriched the diversity of channels.Mr. Zang Weizhong, Executive Director, Chairman of the Board, Chief Executive Officer and Founder of Lvji Technology, said, " In the future, we will strive to build an industry chain of culture and tourism service platform, continue to strengthen our leadership market position, and combine AR and AI technology to make the interactive experience of consumers more interesting. We will also continue to optimize the "Lvji Mobile Tour" and build three systems of comprehensive management, comprehensive operation and comprehensive service according to the demand of digital upgrading of the tourist attractions to empower the long-term development of the tourist attractions. At the same time, we will focus on the establishment of all-rounded tourism demonstration districts and optimize the demonstrative all-rounded labeling system and tourist transport center system with the goal of building a national all-rounded tourism demonstration area to construct a trinity of "provinces and cities, regions and tourist attractions" all-rounded tourism big data comprehensive service platform. Furthermore, we will continue to upgrade SaaS business, build a multi-terminal and multi-channel one-stop smart tourism ecological platform, connecting consumers' "dining, accommodation, transportation, entertainment, and shopping" and other supporting consumer service facilities, so as to empower the tourist attractions in realizing smart management, smart marketing and smart services."Mr. Zang continued: "The outbreak of COVID-19 has greatly changed the industrial structure of the domestic tourism market. The pandemic has promoted the development of the tourism industry in terms of smart tourism. In the stage of regular epidemic prevention and control, the Chinese government has launched a number of measures to stimulate domestic consumption, resulting in the accelerated recovery of the tourism market. We believe that we are well-positioned to capture the recovery of the tourism industry and the opportunity of popularization of smart tourism to resume the growth within a short period of time with our core competitive advantages on continuous technological innovations and strategic cooperation with OTAs to maintain our leading position in the online tour guide market. "About Lvji Technology Holdings Inc.Lvji Technology Holding Inc. is China's leading online tour guide provider. Established in December 2013, Lvji Technology bases on two core strategies of scenic guides and smart tourism and focuses on the development of all-round tour guide and smart tourism-related supporting services. As of December 31, 2020, the Company has developed a total of 26,052 online tour guides, covering 14,229 tourist attractions, including 279 AAAAA tourist attractions and 2,343 in China AAAA tourist attractions. It has formed a tourism ecosystem supported by online tour guides and smart management service systems and is a famous smart tourism industry solution expert.This press release was issued by Porda Havas International Finance Communications Group for and on behalf of Lvji Technology Holdings Inc. For further information, please contact:Porda Havas International Finance Communications GroupIvy Lu +852 3150 6788 ivy.lu@pordahavas.comLouise Liu +8621 3397 8796 louise.liu@pordahavas.comSonia Leung +852 3150 6737 sonia.leung@pordahavas.comFax: +852 3150 6728 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Mar 18, 2021 - (ACN Newswire via SEAPRWire.com) - Organised by the Hong Kong Trade Development Council (HKTDC), the HKTDC Hong Kong International Film and TV Market | Online (FILMART Online) attracted nearly 7,000 industry participants from 81 countries and regions over four days, with the release and promotion of some 2,200 film and television productions. Having become more familiar with doing business through online platforms, exhibitors and buyers used the online meeting function at FILMART Online to participate in more than 2,000 meetings.The four-day event FILMART Online concluded successfully today. Nearly 7,000 participants were engaged and more than 2,000 business-matching meetings held, facilitating cooperation between exhibitors and global buyers. The multifunctional FILMART Online platform will remain open until 18 May.Kaichen Li, Head of WeTV and iflix at Tencent, said that how well content is received does not necessarily stem from a big production and famous cast, but rather from the appeal of story, the quality of the script and the chemistry between the cast.As COVID-19 begins to ease, there is concern about whether the trend for "at home" entertainment will lead to continued growth in the number of users on over-the-top (OTT) platforms. David Simonsen, SVP of WarnerMedia (top, right), said that the impact of the pandemic was just accelerating the changes in a highly competitive market, in which quality local, regional and global companies are competing in the same space to expand their audiences.Facebook: 1 in 4 people create and upload videos to social media during pandemicRunning from 15 to 18 March, FILMART Online saw a total of 27 online events staged, including nine conferences. Speaking on the first day of the event, Saurabh Doshi, Head of Entertainment Partnerships, APAC at Facebook, said that about one in four people globally created and uploaded videos to social media during the pandemic. "This was huge among millennials aged 25-34 years old, and the behaviour was even more true in Southeast Asia, where 66% created or interacted with videos on social media and messaging platforms during the first half of 2020," Mr Doshi said.Tencent: star-studded cast and big production not the only key to success Kaichen Li, Head of Tencent's WeTV and iflix, shared about the development of over-the-top (OTT) programming. "We have spotted early signs of an upward trend for Chinese and Thai content," he said. "For Chinese content, it's not only the costume dramas but also modern dramas that have resonated well with the Asian audience. We believe that we are going to see a continued boom in Asian local content."Eros Now: brand culture necessary for streaming media to winAli Hussein, CEO of OTT platform Eros Now, said that the streaming media business should not focus on purely being transactional. Rather, it should seek to identify the culture for each brand, which is very important once brands start working at a slightly higher level. He explained that Eros Now will launch English-language services in the second half of 2021, in addition to its content with ErosSTX. The company is also working with other content providers across the globe which will give it a more widespread network and allow it to optimise its customer base.Online platform runs until 18 MayThe FILMART Online platform will remain open until 18 May. During this period, industry members can continue to make use of the different features of the platform to connect with exhibitors and buyers and also review the content of previous events.FILMART Online website: https://event.hktdc.com/fair/hkfilmart-enPhoto download: https://bit.ly/2P1x264About 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 trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Angel Tang, Tel: +852 2584 4544, Email: angel.hc.tang@hktdc.orgClayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE, Mar 12, 2021 - (ACN Newswire via SEAPRWire.com) - With the successful end of Glasstech Asia Online Conference 2020, Glasstech Asia will be unveiling its next two events of the series - Glasstech Asia / Fenestration Asia Online Conference 2021 and Glasstech Asia / Fenestration Asia 2021.This year, Glasstech Asia / Fenestration Asia - powered by BAU and BAU China will be held for the first time under the direction of MMI Asia and Messe Munchen, where participants can look forward to an even higher quality trade fair with a new international supporting program and framework.With a strong desire to connect, network, and learn, Glasstech Asia aims to be the leading community that facilitates industry professionals to work together to address the latest developments in the industry. On the 27th of April this year, the second online conference will go live, serving as a critical international platform that disseminates pertinent information. Covering key trending topics in both the Glass and Fenestration sectors, the conference hopes to answer the most trending questions in the industry and cater to industry professionals from different sectors. The following topics will be further discussed during the online conference: Manufacturing & Processing Innovations; Digitalisation: The Evolution Towards A Smart Factory; Architectural Designs: Design Trends of Post Pandemic Buildings; Architectural Designs: Advanced Building Skins / Advanced Facade Technology. For interested parties, registration for the online conference is now open for all to participate: https://bit.ly/2Zj11Zj.Glasstech Asia and Fenestration Asia introduces digitalization, offering new virtual opportunities for both exhibitors and visitors.As part of the world's prominent trade network, Glasstech Asia is the leading BAU trade fair which serves as a highly connected community for the glass industry in Southeast Asia. Taking place between the 16th to 18th November 2021, Glasstech Asia brings together international experts specializing in all sectors of glass such as manufacturers, processors, and suppliers of glass machinery and accessories. Additionally, it provides an exclusive opportunity to meet with leading regional buyers from major markets in the ASEAN region, and network with top international connections from the BAU network.Further enhancing the value of the show for both exhibitors and visitors, Glasstech Asia introduces digitalisation components into the show offerings and provide new virtual opportunities like virtual booths and business matching. Additionally, to aid exhibitors in heightening brand awareness and lead generation, networking and digital packages will be available for any interested exhibitors.The physical conference - BAU Congress, will see industry professionals across the glass industry come together from all around the world, to share their views on glass facades. Attendees can look forward to a series of exciting and interesting topics on the agenda and hear from highly esteemed speakers from leading glass organisations globally.Further information on Glasstech Asia / Fenestration Asia 2021 will be released soon.Please contact us if you have any questions or require any additional information: bauasia@mmiasia.com.sgAbout Glasstech Asia 2021/ Fenestration Asia 2021Coined "The Glass Hub of Southeast Asia", Glasstech Asia is an annual rotating exhibition that focuses on all things glass. The upcoming 18th edition Glasstech Asia along with the concurrent Fenestration Asia will be held between the 16th to 18th of November this year. Returning to Bangkok, Thailand for the fourth time, the three-day event brings together the best of the Southeast Asian glass and glazing sector, from glass manufacturing, processing, and machinery to accessories, raw materials, and finished glass products. Coupled with high-powered symposiums, forums, workshops, and an exciting Glass Installation Competition, it is an event not to be missed.Additionally, Glasstech Asia and Fenestration Asia aims to meet and satisfy the increasing global demands for eco-friendly windows, doors, and facades by focusing on new industry standards in sustainability, automation, and energy-efficiency topics. With a focus on green and smart fenestration technologies to bring about a more sustainable, energy-efficient, and liveable future, the exposition is strategically geared towards helping the architecture, building, and construction sectors in countries meet their energy targets.About Messe MunchenMesse Munchen is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM - Internationales Congress Center Munchen and the MOC Veranstaltungscenter Munchen as well as abroad. Together with its subsidiary companies, Messe Munchen organizes trade shows in China, India, Brazil, Russia, Turkey, South Africa, Nigeria, Vietnam, and Iran.With a network of associated companies in Europe, Asia, Africa and South America as well as around 70 representations abroad for over 100 countries, Messe Munchen has a global presence.About BAU Network BAU is the World's Leading Trade Fair for Architecture, Materials and Systems. Everyone involved in the international community for planning, building and designing buildings comes together here - i.e. architects, planners, investors, representatives of the industrial and commercial sectors, the building trades, etc. It is where future-oriented manufacturers come together with an audience of interested professionals. Their primary interests include the latest techniques, materials and applications that can be used in actual practice. This is where visitors experience the future of building in person. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - Women and girls could start to think it is normal to receive nude pictures or unwelcome advances online unless more is done to protect them, Senior Minister of State for Communications and Information Sim Ann has warned. Announcing on Monday (March 8) a new initiative to tackle the issue, she said that social norms that uphold females' safety are increasingly being challenged by factors like the anonymity of the web, possibly leading to more of them being subjected to exploitative behaviour. Her initial ideas for how to keep them safe include setting up an online repository where victims can seek help and understand tech companies' policies, and encouraging people to report inappropriate activities they see on the Internet. Ms Sim is leading a national conversation with the hope of shining a spotlight on some of the darker corners of cyberspace for females. The new initiative - the Singapore Together Alliance for Action - will look at how to keep women and girls safe online. It will be officially launched later this year. More than 60 women and men took part in the first two engagement sessions held last month and on Monday. More sessions will be held later. Speaking to the media after Monday's session, Ms Sim said the Ministry of Communications and Information has been tracking the topic of online dangers for women and girls, and has been in touch with concerned stakeholders. They include representatives of tech companies, parenting and student groups, as well as women's groups. "We were able to invite quite a number of men who also have deep concerns about this particular issue and they want to know how they can support women and girls," she said. Participants called for public education on the issue and resources to support victims of online harm, she added. In a statement on Monday, MCI said the Alliance supports the recently launched Digital for Life movement - to help Singaporeans have necessary digital tools and skills - and the wider ongoing conversations on women's development. Said Ms Sim: "We launched the Digital for Life Movement to bring together resources and ingenuity to help everyone in our society go digital. "As more embrace digitalisation and reap the benefits of doing so, the issue of online harms - as we live, work and play more online - cannot go unaddressed. "It is a difficult topic, as we delve into issues including the online grooming of young girls and the image based sexual abuse of women online." Speaking to The Straits Times, she said it is likely the first time the Government is "so focused on online harms that are primarily targeted at women and girls". More on this topic Related Story Women and girls enjoy less freedom in the online space than in real Singapore: Sim Ann Related Story New agency needed to keep online space safe, says Minister of State Tan Kiat How Ms Sim said the work involved will be extensive, and span several years. She identified three main areas of concern, based on discussions with the public. The first is the existence of websites that encourage young girls or women to engage in vice. The second is non-consensual posting of images, videos and personal details. Third, the unwelcome one-to-one interactions ranging from sexual harassment to online grooming, especially through direct messaging on social media. Ms Sim said: "Fundamentally these online harms are driven by a view of women and girls, which is exploitative in nature. In real life we have laws that uphold women's safety. "We have cultural norms as well that govern acceptable interactions between men and women." But norms are being challenged on the web, she said, perhaps because of the anonymity it offers. As a result, more females face behaviour laws are meant to deter. "So I feel very worried at the prospect women and girls would start to think that it's normal to be on the receiving end of nude pictures or unwelcome suggestive advances. "Because then it's really a very short step away from women and girls having their real-life safety and security compromised." The recent amendments to the law to strengthen protection for victims of sexual and hurt offences are an important move, said Ms Sim, but tackling online dangers should also involve public education. Tech companies could provide information to younger users about their policies against inappropriate speech or contact, Ms Sim said. "I would very strongly encourage the tech platforms to see Singapore as a place where very progressive policies for safeguarding the interests, wellbeing and safety of their users can be piloted, implemented and proven to work," she added. More on this topic Related Story 1 in 5 children involved in online sexual behaviours: Survey Related Story Call for push to fight negative effects of digital revolution She acknowledged that it may be tough for individuals to have a conversation with tech companies, which is why the Alliance for Action could help to engage the firms in a more structured way. Representatives from the likes of Facebook and Google had attended the initial dialogues. Ms Sim said the sessions will also involve segments of society such as women's groups, youths and those in professions like law and counselling. Parents are another key group she wants to reach out to. "As a society, I feel we are more ready to talk about it," she said.
LAS VEGAS, NV, Feb 25, 2021 - (ACN Newswire) - Stephen Crystal, Founder of SCCG Management, announced a partnership with King of Prussia, Pennsylvania-based iGaming Marketing and Advertising firm, MediaTroopers.Stephen Crystal, said, "This is a new and exciting time for iGaming in North America. Online sports betting and iGaming products are exploding across the US, backed by huge brands and equally large budgets. That same demand exists for digital marketing expertise in iGaming - knowledge put in context by the challenges experienced by veteran digital marketers in the online gaming space."These are challenging times that are rewarded by results, not just trying hard. The experience and expertise that MediaTroopers bring to our partners through a third-party agency model can help these companies accelerate the results needed to secure their fair share of the market. We are thrilled to bring this needed capability to our clients in North America."MediaTroopers has over 20 years of experience in the world of online marketing. With a particular interest in digital marketing, product development, and growth strategies, MediaTroopers delivers the most highly effective advertisements and marketing solutions possible to expand the audience and strengthen their reach.Working within highly regulated verticals, Media Troopers always ensures that its traffic is safe and compliant with state regulations and coordinated with its advertisers' requirements.Media Troopers employs sophisticated technologies and platforms to generate real-time data for every advertisement. MediaTrooper rigorously monitors, refines, and improves its campaigns, quickly and efficiently retooling underperforming content. The MediaTrooper mission is to work to ensure that advertising investments are used optimally at all times.Sam Segal, MediaTroopers CEO, said, "We are delighted to be working with SCCG Management and tap on the years of knowledge and vast network that Stephen and his team bring. Combining our digital and online gambling expertise, together with the knowledge and contacts of a land-based industry veteran like Stephen, will enable us to provide our clients with a whole new level of marketing services. There's so much to do in so little time; we can't wait to get this partnership going."About SCCG ManagementSCCG Management is a consultancy that specializes in sports betting, iGaming, sports marketing, affiliate marketing, technology, intellectual property protection, product commercialization, esports, capital formation, M&A, joint ventures, casino management, and governmental and legal affairs for the casino and iGaming industry.About Media Troopers Media Troopers is a performance marketing agency designed to help online advertisers expand their audiences around the world. Our agency uses developing advisory sites and apps and sophisticated technologies and platforms to reach new consumers. In the current marketing environment, online advertisers are fighting an uphill battle for exposure. The days of traditional online marketing are coming to an end. With so much competition for consumers' attention, businesses that fail to adapt and diversify their media channels are left behind. But thanks to Media Troopers, advertisers now have everything they need to level the playing field.Stephen A. CrystalSCCG Management+1 702-427-9354stephen.crystal@sccgmanagement.comVisit us on social media:LinkedIn: https://www.linkedin.com/company/sccg-management/Source: bit.ly/2MomNYF Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
Good morning! Here are our top stories to kick-start your Monday, Feb 15. Tanjong Pagar car crash: Flowers, photo, clothes placed at accident site where 5 died It was the highest number of people killed in a single traffic accident in the past decade. READ MORE HERE Traffic Police exploring enforcement, other measures in Tanjong Pagar after fatal car crash Using road humps and speed-regulating strips are among the measures being considered. READ MORE HERE Tanjong Pagar car crash: Conservation shophouse sustained only 'surface scratches', says BCA The damage was limited because of the speed with which the fire was put out. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Uphill battle for Singapore hotels despite boost from staycations in December Yet they remain cautiously hopeful, with some looking to events and new concepts to draw locals in. READ MORE HERE Myanmar junta cuts Internet as troops fire to break up protest Troops were deployed around the country on Monday in signs of a feared crackdown on anti-coup protests. READ MORE HERE Trump acquitted in impeachment trial, but outcomes favour Democrats The trial was a platform to make a case to public and it drew focus to the crack in the Republican Party. READ MORE HERE S'porean student loses $14,000 after scam calls from 'bank' "Scammers are getting smarter and definitely learning more tricks," the victim said. READ MORE HERE Four in 10 HDB residents shop online, more interacting with neighbours on Internet: Survey More people communicated with their neighbours in online chat groups or through social media. READ MORE HERE More women pursuing degrees in Stem fields: MOE They formed 41% of 2019 intake in science, tech, engineering and maths, up from 38% in 2017. READ MORE HERE Restaurant and bar in Robertson Quay added to list of places visited by Covid-19 patients A Dutch visitor who initially tested negative for Covid-19 and had not been on SHN is among the new cases. READ MORE HERE
HONG KONG, Feb 10, 2021 - (ACN Newswire) - On February 8, Joy Spreader published an announcement to alert that its results in 2020 would achieve substantial growth over 2019.According to the announcement, the Company's revenue in 2020 is expected to range from approximately HK$880 million to HK$920 million, an increase ranging from around 63.6% to 71.0% as compared to 2019. The gross profit is expected to range from roughly HK$260 million to HK$300 million, an increase ranging from approximately 95.5% to 125.6% as compared to 2019. The profit before exchange gains and losses is expected to range from roughly HK$170 million to HK$200 million, representing an increase ranging from about 123.7% to 163.2% year on year, equivalent to 2.2 times to 2.6 times compared to the same period in 2019.As disclosed in the prospectus, Joy Spreader's revenue reached a CGAR of 87% and the net profit reached a CGAR of 63% between 2017 and 2019. In the first half of 2020, the revenue and net profit increased by 66.2% and 123.3% year on year, respectively.Since before listing, Joy Spreader has maintained a strong momentum of continuous rapid growth in performance. The growth "secret" behind the outstanding performance is worthy of attention.01 The track of mobile-new-media, represented by short videos, has grown rapidly, bringing significant historical opportunities to the performance-based marketing industryWith the rapid development of mobile Internet applications in China, text-based we-media, represented by WeChat official accounts, are flourishing and still in the ascendant. In terms of the number of users, activity level and other dimensions, the fact that short-video mobile-new-media platforms represented by DouYin and KuaiShou have emerged rapidly and gained increasing acceptance by Internet users, is becoming the core driver leading the growth of Internet industry in China. While platforms are competing for user growth, retention, and activity level, the ways to refine the business model and helping PGC and UGC users in the platform ecology to achieve value conversion have become the focuses. Platforms continue to open up traffic monetization channels, allowing content publishers to monetize traffic through advertising, games, online reading, e-commerce, and other products, which undoubtedly enlarges the market opportunity for mobile-new-media marketing.As the pioneer and leading company of performance-based mobile-new-media marketing market in China, Joy Spreader sufficiently benefits from opportunities brought by the development of the industry. In June 2013, soon after the launch of the WeChat official accounts, the Company took the lead in using marketing-SaaS services to provide commercial monetization services for publishers of text-based content on the official accounts. In January 2019, the Company was among the first to provide commercial monetization services for short-video content publishers from the beginning of DouYin's commercialization. While consolidating the original business position, the Company seized historical opportunities to enter into new areas on time, reflecting Joy Spreader's farsightedness and sensitivity in strategy and also providing the Company with first-mover advantages in the industry.The opportunities of the short-video track are also reflected in the popularity of KuaiShou's listing recently. The result of its IPO subscription showed that KuaiShou's IPO had received approximately 1.423 million applications for subscription from retail investors, with oversubscription by more than 1,200 times, and had frozen retail investors' funds of approximately HK$1.28 trillion, making KuaiShou achieve the greatest amount of frozen capital in the Hong Kong Stock Market. On the first day of listing, KuaiShou's share price soared 161%, with a market value of HK$1.23 trillion.Revaluation of the short-video industry chain has been made by the capital markets in the listing of KuaiShou and will further promote the commercialization of short-video platforms. The short-video marketing market will continue to maintain rapid growth in the next few years, which is undoubtedly an excellent period of historical opportunity for Joy Spreader.02 As a stabilizer of business growth, SaaS services provide high-quality media resources, data accumulation and analytical capabilities for performance-based marketingIt is worth noting that Joy Spreader pointed out in the positive profit alert that one of the important reasons for the performance growth came from the steady increase of the number of users of we-media monetization services (realized by SaaS services). SaaS is the abbreviation of Software-as-a-Service. SaaS companies uniformly deploy application software on cloud servers, so that clients can choose software services provided by SaaS companies online based on their needs of work.Joy Spreader's main business model is to provide performance-based marketing for clients' products including online cultural products and consumer goods on we-media (or mobile-new-media) platforms such as DouYin and WeChat official accounts. The distribution of online cultural products, including Html5 games and online reading, is mainly achieved through marketing-SaaS services. With the help of the marketing-SaaS service tools provided by Joy Spreader, we-media publishers can directly access its product catalog. The intelligent algorithm engine enables publishers to choose products that best meet the interests and needs of their fans with the highest monetization efficiency, while being legitimate and in compliance with the law.The application of the SaaS platform in the field of online marketing has completely subverted the traditional online marketing model of traffic trade. The great significance of providing marketing-SaaS services to we-media publishers is that the company can automatically obtain stable high-quality content resources from the traffic platform. While allowing content publishers to monetize efficiently, it can also analyze marketing effects in real-time, providing strong support for Joy Spreader's data accumulation and algorithm iteration.The accumulation of content-publisher resources is also inseparable from marketing-SaaS services. According to Joy Spreader's Voluntary Announcement of Business Update on December 6, 2020, as of the end of October 2020, the Company provided content monetization services to an aggregate of 36,612 WeChat official accounts, representing an increase of 63.5% as compared to the number as of 31 December 2019. The number of cooperating DouYin accounts, with e-commerce sales and product placement, exceeded 3,000. The number of we-media user traffic access points increased to 366,120, a significant increase compared to the previous year.Marketing-SaaS services have significantly promoted the increase in the number of mobile-new-media resources and the level of activity, to simulate the effect of performance-based marketing, as well as the increase in the number of marketing clients and product categories.The marketing-SaaS service platform is expected to help Joy Spreader enhance its ability to quickly accumulate mobile-new-media resources, further stabilize and expand the traffic pool, and ultimately achieve better marketing efficiency and effectiveness.03 Gross margin improvement verifies Joy Spreader's business model, and data- and-algorithm advantagesAccording to the forecast of the positive profit alert, the gross profit margin of Joy Spreader in 2020 is expected to be between 29.5% to 32.6%, which is significantly higher than that of 27.1% in the first half of 2020 and 24.7% in 2019.To a certain extent, the improvement of profitability verifies Joy Spreader's business model of performance-based revenue and the leading edge of the data algorithm. Under the data-driven performance-based marketing, service providers can achieve efficient and accurate data matching by establishing massive databases and tagging. With the increasing number of marketing services, massive data feedback will further optimize the matching efficiency of the algorithm and continuously improve the ROI of marketing services for the Company. Data and algorithms are key elements and core competitiveness of Joy Spreader's performance-based marketing business. As disclosed in the listing prospectus of Joy Spreader, during the track record period, Joy Spreader has accumulated a large amount of anonymous user behavior data through its services of approximately 1.5 billion online clicks. The Company has established a tag library with thousands of fields for content publishers, including 1) demographic information of fans (such as age range, gender, geographical area, and predicted education level); 2) browsing interest and preference; and 3) nature of we-media content (such as format and category), to improve the accuracy of matching and achieve the expected marketing results. The improvement of the expected gross profit level in 2020 reflects the success of Joy Spreader's business model, the high efficiency of marketing-SaaS service, and the value and bargaining power of its data algorithm in the business chain. With the gradual emergence of the Matthew effect in the field of online marketing, more client resources and content-publisher resources are expected to be further integrated into the leading players, which will be further conducive to the performance-based marketing effectiveness and SaaS service capability of Joy Spreader in the future. 04 NCO (Network Culture Operation) license supports the ability of distribution and joint-operation of online cultural products such as games and online reading It is known that as one of the few enterprises in the industry with the qualification of network culture operation license, Joy Spreader possesses the capabilities of distribution and joint-operation of cultural products such as Html5 games and online literature in China. As a data-and-algorithm driven technology company, Joy Spreader has used its efficient and easy-to-use marketing-SaaS services to provide convenient tools for we-media content publishers for many years, helping them to monetize their traffic from distribution and joint-operation of games, online reading, and other online cultural products. In 2020, the number of games and literary distributed and joint-operated by Joy Spreader increase significantly. According to the Voluntary Announcement on Business Update published by Joy Spreader on 6 December 2020, by the end of October 2020, the number of online game products promoted by Joy Spreader has reached 205, representing an addition of 61 game products compared with the whole year of 2019; the number of online literary works reached 858, covering 77 categories, representing an addition of 276 new literary works, and 10 new categories compared to the end of 2019. Compared with other online cultural products, the gross profit margin of Html5 game products is relatively high, by allowing the Company to share commissions from the in-game sales from game developers. It has also become a contributing factor to the expected performance growth in 2020.05 The rapid development of e-commerce sales marketing business indicates higher growth in the future In the field of short-video e-commerce sales marketing, Joy Spreader is also expected to achieve remarkable results in 2020. Although the details of sales are yet to be disclosed in the positive profit alert announcement, the strong growth of this business sector has been revealed in its past performance announcement. According to the data disclosed in the 2020 interim report, from January to June 2020, the revenue from consumer goods marketing of Joy Spreader increased by 147.76% compared with that in the same period in 2019. The so-called consumer goods marketing business refers to the short-video e-commerce sales marketing business. Compared with online cultural products marketing, consumer goods marketing has a much higher gross profit margin. In the Voluntary Announcement on the latest performance progress on 6 December 2020, the Company further disclosed the progress of its e-commerce sales marketing business: the number of the category has reached 156, developing from electronic products to full consumer product lines such as daily necessities and cosmetics.According to the public information, the Company's gross profits from performance-based marketing in the field of e-commerce sales marketing accounted for approximately 16% in 2019, and this proportion increased to 26% in the first half of 2020. Base on the forecast of this trend, it is estimated that the gross profit contribution will exceed 30% in the full year 2020 and beyond. The development of short-video e-commerce sales marketing business has become one of the biggest drivers for the business growth of Joy Spreader. "Yesterday belongs to social e-commerce, today belongs to live streaming e-commerce, and tomorrow belongs to short-video e-commerce" is a widely spread assertion regarding the development trend of mobile-new-media e-commerce in the industry. As one of the first companies to promote short-video e-commerce sales marketing on DouYin platform, Joy Spreader, a performance-based marketing service company, has commenced its short-video e-commerce sales marketing business from the very beginning and has accumulated a large amount of data and technical experiences. With the continuous in-depth development of the industry, the future development of the Company in the field of short-video e-commerce will be worth looking forward to. Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
SINGAPORE - Students who sat the A-level examinations last year will receive their results next week on Friday (Feb 19) at 2.30pm, said the Ministry of Education (MOE) and the Singapore Examinations and Assessment Board (SEAB) in a joint statement on Wednesday. Given the Covid-19 situation, arrangements have been made for school candidates to receive their results in their classrooms instead of as a cohort. Only those collecting their results will be allowed entry into schools, and they will be expected to observe safe management measures, the agencies said. Students who are unwell, on quarantine orders, stay-home notices or leave of absence should not go to school to get their results and instead should view their results online via the SEAB's results release system at www.seab.gov.sg. The system will be accessible from Feb 19 to March 5. The A-level results will be released online from 3.15pm on Feb 19. Students eligible for SingPass can log into this system using their SingPass account, while international students should use their SEAB-issued PIN, which has been sent to the e-mail addresses provided to SEAB by their schools. Students can also appoint a proxy to collect a physical copy of their results. Proxies must collect these results by Feb 23, and bring along the relevant documents for the school to verify. Students who are unable to appoint a proxy, or who have not received their PIN for the online results system from SEAB, should contact the agency. Private candidates will receive their results by post. The result slips will be mailed on Feb 19. The same rules for online access of results apply to private candidates as well. More on this topic Related Story Top 5% of students in any JC or MI to be eligible for NUS Law test and interview shortlist Related Story Half of O-level holders taking poly route
Japanese discount store Daiso launched its Singapore website on Monday to provide more choices for its customers. The online platform lists products in 25 categories, including cleaning supplies, daily necessities and personal care. "We have been working on increasing the number of items and investigating what products sell well online," a Daiso spokesman told The Straits Times on Wednesday. As at 7pm yesterday, 393 items were listed on the online store. Some items, such as door hooks and non-alcohol wet wipes, were sold out. Daiso also has 25 stores in Singapore and opened its newest outlet at West Coast Plaza on Jan 2. Its new online store comes in the wake of many similar brands moving some of their business into the virtual space. In May last year, stationery store Popular and household goods retailer Muji joined e-commerce platforms Lazada and Shopee respectively. Discount chain Don Don Donki also came on board the Shopee platform last month. While Daiso's items cost $2 each, its online store requires shoppers to buy at least five items. There is a $5 delivery charge but this may vary, depending on the weight of the parcel. Online shopper Ann Bay, 52, does not mind paying Daiso's delivery charge but is more concerned about the availability of items on the online store. The florist noted that popular items were often sold out "within a day or so" in-store. Housewife Jillian Wong, who is in her 50s, welcomed Daiso's online store but also enjoys shopping in bricks-and-mortar outlets. Previously, to find items that were already sold out at a Daiso outlet, she would have to visit another outlet. "But the joy of seeing, touching and getting hold of the last item on the shelf - especially if that is the item I want - is still the best," said Ms Wong. Jessie Lim
HONG KONG, Dec 14, 2020 - (ACN Newswire) - The fourth Asian E-tailing Summit (AES), organised by the Hong Kong Trade Development (HKTDC), ran successfully online from 9 to 11 December, featuring more than 40 business professionals from e-tailing service giants, online retail platforms and brand representatives. More than 11,000 viewers from 43 countries and regions joined the global live streaming of online webinars and presentations which examined the current business practices of small and medium-sized enterprises (SMEs) and shared global success stories and solutions, helping enterprises capture the opportunities brought by digitisation.The fourth Asian E-tailing Summit (AES) ran successfully online from 9 to 11 December, featuring more than 40 business professionals from e-tailing service giants, online retail platforms and brand representatives.The keynote session featured Anson Bailey, Head of Technology, Media & Telecoms, Hong Kong and Head of Consumer & Retail, ASPAC at KPMG [top]; Mohsen Ahmad, CEO – Logistics District, Dubai South; Hussein Zawia, CEO and Co-founder, eRomman; Nitin Navneet Tatiwala, Managing Director, Marketing – Product, Solutions and E-commerce, AMEA, FedEx Express; Thanawat Malabuppha, CEO and Co-founder, Priceza Co, Ltd; and TJ Wu, Director of Centre of Excellence, SAP Customer Experience, Greater China [L-R].In a session titled "The Rise and Reach of Mobile Commerce", global leaders from the technology sector shared their views on the prospects for this rapidly emerging industry, including Emily Leung, Senior Analyst Euromonitor International [L], Stan Jit Singh, Chairman, Asia Pacific ICT Alliance Awards [R, top], Lim Tian Yi, Founder and CEO, KOLI [R, middle]; and Kazuhisa Iwamoto, Director, Business Creation Department, Smart-Life Division, NTT DOCOMO, INC [R, bottom].Summit examines e-commerce opportunitiesThe summit kicked off with the keynote session, "Cross-border E-commerce in the New Digital Era", featuring heavyweight speakers from the United Arab Emirates, Thailand, Malaysia and Taiwan, including corporate representatives from FedEx, KPMG, Dubai South, eRomman, Priceza Co, SAP.Anson Bailey, Head of Technology, Media & Telecoms, Hong Kong and Head of Consumer & Retail, ASPAC at KPMG, said the trend for online purchasing, already accelerated by the pandemic, will become mainstream, with the global e-tailing market expected to grow by 16.5% in 2020. He also observed that Asia will play a major role in the change. For instance, there were more than 40 million new internet users in the region in 2020 alone. In terms of cultural influence, shopping festivals that originated in China are becoming a critical driver of sales. Among the 250,000 brands taking part in the latest Singles' Day campaign in November, 470 generated sales of Rmb100 million or more. Mr Bailey said that enterprises should embrace the purchasing habits of tech-savvy millennials and tech-native Gen Z consumers. He also remarked that the future business model will transform from "retail" to "consumer commerce", in which retailers will transform into marketplaces and suppliers to sell to consumers directly on platforms, cutting out the traditional middlemen.Mohsen Ahmad, CEO - Logistics District, Dubai South, shared the blueprint for developing a global logistics hub. Taking advantage of Dubai's geographical location and new airport development, he explained how the Dubai South project would bring a new and more efficient e-commerce ecosystem.In addition, Hussein Zawia, CEO and Co-founder, eRomman emphasised the potential of the Middle East market, which he said has a higher e-commerce space than any other region. Mr Hussein pointed out there is increasing demand for international brands' products in the region, with local choices being limited. He added that the pandemic has further boosted this growing demand by driving traditional consumers to shop online.To respond to increasing global demand in the e-commerce market, Nitin Navneet Tatiwala, Managing Director, Marketing - Product, Solutions and E-commerce, AMEA, FedEx Express, said there is a need for enterprises to change their management and in particular to enhance the way they interact with customers. Using the example of FedEx, he noted that the scope of the changes made by enterprises should not stop at handling the sudden boost from the pandemic but should be more focused on long-term planning to enable them to handle future "peak of peaks" and shopping festivals.Also sharing during this session was Thanawat Malabuppha, CEO and Co-founder, Priceza Co, Ltd, who noted that even on local e-marketplaces in Thailand, most of the sellers are cross-border companies and the vast majority are from Mainland China. These sellers open companies in other countries and offer a wide variety of products originating from the mainland. The fact that they sell at a favourable price enables them to attract many local consumers. He believed this would become a big trend in other Southeast Asian countries.TJ Wu, Director of Centre of Excellence, SAP Customer Experience, Greater China, shared his model for a successful digital transformation - SCOOP, referring to Strategy, Culture, Organisation, Operation and Platform. He recommended that a digital transformation should be top-down, starting from the strategies and understanding the target culture rather than making the IT department the foundation of any transformation. He also said that nurturing and acquiring talents is crucial to success in any organisation.The rise of mobile commerceThe second day of the summit featured webinars covering a range of topical issues in the e-tailing industry, including mobile commerce, personalised customer experiences and omnichannel retailing.In a session titled "The Rise and Reach of Mobile Commerce", global leaders from the technology sector shared their views on the prospects for this rapidly emerging industry. Emily Leung, Senior Analyst at Euromonitor International, opened a panel discussion by highlighting the significant role of mobile phones in the Asia-Pacific region (APAC), where 75% of e-commerce sales are made using mobile devices - much higher than the global average of 54%. In 2019, mobile e-commerce sales in the region amounted to US$740 billion in retail value, representing year-on-year growth of 22%, with 80% of online transactions in Mainland China made by mobile phones. She pointed out that the mainland is the current leader in mobile e-commerce and the country also has the highest year-on-year retail value growth in APAC - 23%, compared to 14% in Korea and 9% in Japan. Looking to the future, Ms Leung saw a trend for mobile e-commerce integrating with social media applications, and the potential of 5G technology for increasing mobile traffic through better networks.When asked about the difference in strategies and applications between e-commerce and m-commerce, Stan Jit Singh, Chairman, Asia Pacific ICT Alliance Awards, said that m-commerce plays a bigger role, with more channels to reach out to mass communities, more payment methods, and greater accessibility. The younger generation in particular prefer using their mobile for shopping online and that's why the prospects for m-commerce are more promising than for browser-based e-commerce, Mr Singh said. He also believed that m-commerce is more advantageous for enterprises as it is easier to track customers and get feedback from them. Although investment would be needed to address the threat of cybercrime, he still believed that m-commerce would reduce overall business costs for enterprises.Lim Tian Yi, Founder and CEO, KOLI, shared a few of his successful consulting and investment examples to demonstrate how social media helps m-commerce grow. He also shared a framework for launching a successful mobile application.Kazuhisa Iwamoto, Director, Business Creation Department, Smart-Life Division, NTT DOCOMO, INC, began sharing his views on the development of 5G by giving a brief history of mobile devices. He explained that the function of mobile phones has been evolving over the years, from satisfying communication needs to acting as a transaction-enabler. Now the era of 5G makes XR - an umbrella term for augmented, virtual, and mixed reality technologies - compatible with mobile devices. Shopping would be more comfortable, convenient and fun, providing a very different experience for consumers, he said.Practical tips from expertsOn the summit's final day, several e-commerce elites provided advisory services to companies interested in setting up their own e-commerce platforms. Jonathan York, Consulting Manager, Euromonitor International, analysed how companies can succeed in the Association of Southeast Asian Nations (ASEAN) market through e-commerce and explored the digital consumer mindset in the region. Frankie Ng, Hong Kong Lead, Shopify, shared how the brand uses a blend of technology and strategy to win in the increasingly competitive online environment, while Harrace Lau, Co-founder of eOneNet, introduced a 10-step internet success system to help companies turn around their online business and expand globally. And Fione Tan, President, 28Mall, helped business owners wishing to enter this market resolve problems relating to cross-border logistics, customs clearance and import duties, local customer services and last-mile deliveries.The summit is now available for viewing through video-on-demand on the AES Online website on or before 11 January 2021.WebsiteAsian E-tailing Summit: http://www.hktdc.com/ncs/aes2020/en/main/index.htmlPhoto download: https://bit.ly/3ng3e1HAbout 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 trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communication & Public Affairs Department:Christine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.orgCathy Lee, Tel: +852 2584 4393, Email: cathy.wk.lee@hktdc.org Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com














