2 12 月, 2022

GobizKOREA Releases a Virtual Exhibition Platform – Gobiz Town

Exhibition of Prospective Products and Provision of Virtual Consultation with Online Virtual Exhibition Hall Seoul, Korea, December 02, 2022 – (SEAPRWire) – GobizKOREA announced the release of ‘Gobiz Town’, a Virtual Exhibition Platform to present domestic small and medium enterprise products to overseas buyers. Gobiz Town View [virtual space designed with digital twin technology, and its scenery changes by four seasons] Gobiz Town is designed to provide a convenient experience to all without the restriction of time and space. It implies the ‘Go-Biz community’ with the exchange of domestic export companies and overseas buyers. With just a simple operation, users can look around the space as if users are strolling along the park. Various virtual halls are prepared for users to visit, such as: Institution Introduction HallExport Products Exhibition HallMetaverse Conference Hall, and Event Hall. Gobiz Town Exhibition Booth & Product Information [Product Details View, Inquiry Sending, and Sample Purchase are all available on a single screen] Overseas buyers can explore the online exhibition full of items like cosmetics and food as if they are at the actual exhibition without any inconvenience of screen transition and loading time. Single click can take buyers to the booth they want by using functions like search companies, maps, and aerial views. Furthermore, once overseas buyers click on the exhibited product in the company booth, they can check various product images, product details, and price. English brochure and video manual are also arranged which enable buyers to send inquiries, request consultations, and purchase a sample product. Gobiz Town can also support 2 types of metaverse conference halls. One is for online consultation between seller and buyer. And the other is for small-scale webinars, which is perfect for the corporate PR & investment attractions. Along with programs like “Follow-up management with trade experts”, “Online export training”, and “Mentoring”, Gobiz will provide users totally new experience in “Trade”. The GobizKOREA project manager stated, ” Based on the user feedback, we will continue to make efforts to share better digital-based exhibition/trade service.” She added, “Starting this online exhibition project, with the infinite potential of Gobiz Town, we will plan, expand, and present various online exhibition contents in cooperation with the local government & institutions moving forward.” Gobiz Town is not only limited to an online virtual space, but also it becomes the opportunity to expand channel from Online to Offline (O2O) for actual exhibitions, supporting for effectiveness in online exports. Media Contact Brand: GobizKOREA Contact: Tahee Kim E-mail: Tahee@Gobizkorea.com Website: https://www.Gobizkorea.com/ Phone: +82-70-4771-5882 SOURCE: GobizKOREA The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

31 5 月, 2022

Signing of a Basic Agreement between Futaba Town, Namie Town, AEON TOHOKU, and Toyota for the Establishment of a Wide Area Mobile Retail Business in Specified Reconstruction and Revitalization Bases

Toyota City, Japan, May 31, 2022 - (JCN Newswire via SEAPRWire.com) - Futaba Town, Namie Town, AEON TOHOKU Co., Ltd. (AEON TOHOKU), and Toyota Motor Corporation (Toyota) signed a Basic Agreement today for the Establishment of a Mobile Retail Business that Uses a Fuel Cell Vehicle in Specified Reconstruction and Revitalization Bases (Basic Agreement).Images of the fuel cell mobile retail vehicle to be operated by AEON TOHOKUAim of the Basic AgreementThe two municipalities and two companies involved in the Basic Agreement aim to support residents experiencing difficulties with everyday shopping, through the establishment of a mobile retail business. Drawing on respective resources and expertise, the intention is to contribute to regional sustainability and environmental conservation to stimulate reconstruction efforts following the Great East Japan Earthquake. In this way, the four signatories aim to resolve regional issues, improve administrative services, and build sustainable cities of the future.Future InitiativesUnder the specific initiatives of the Basic Agreement, AEON TOHOKU, the main party involved, will launch on June 10 a mobile retail business serving Specified Reconstruction and Revitalization Bases and other areas in Futaba Town and Namie Town where residents have an acute need for shopping support. Centered around AEON Namie Store, the business will seek to support local residents with shopping and aim to create a community that will foster peace of mind among both residents set to return home to the two towns, and those who intend to relocate to those areas. As a result, it is hoped that the business will expedite the lifting of evacuation orders for Specified Reconstruction and Revitalization Bases in Futaba Town and Namie Town.Furthermore, working towards the realization of a carbon-neutral society by 2050, AEON TOHOKU and Toyota, together with Futaba Town and Namie Town, wish to contribute to the creation of a sustainable community of the future that utilizes hydrogen. To this end, the use of the world's first* hydrogen-powered fuel cell (FC) mobile retail vehicle will be implemented.Background to the Basic AgreementRecognizing that the retail sector is part of a region's critical infrastructure, AEON TOHOKU opened the AEON Namie Store in July 2019 to support the reconstruction of the Hamadori region of Fukushima Prefecture, which incurred significant damage from the Great East Japan Earthquake and ensuing nuclear disaster.Toyota is working together with various partners, mainly in collaboration with Fukushima Prefecture--including Namie Town, where the Fukushima Hydrogen Energy Research Field is located--and is examining how hydrogen-based technologies can be implemented to help build cities of the future using hydrogen generated in Fukushima.Primary roles of the four signatories of the Basic AgreementFutaba Town and Namie TownFutaba Town and Namie Town will provide information regarding areas in which there is an acute need for shopping support--including the demand from residents for a mobile retail option, the location of existing stores in towns, and the living conditions of senior residents. With the aim of more sustainable community building, the two towns will work together with partner companies to resolve issues faced by local residents.AEON TOHOKUAEON TOHOKU will launch a mobile retail business in areas that have an acute need for shopping support. It will also create community spaces within the two towns, and work to provide services that encourage residents to return to their hometowns.ToyotaTo facilitate these shopping support measures, Toyota aims to realize an even better mobility society that supports the creation of happiness for local communities by manufacturing innovative, safe, and high-quality products and services. The company will provide next-generation mobility in the form of the world's first fuel cell mobile retail vehicle.Going forward, Futaba Town, Namie Town, AEON TOHOKU, and Toyota intend to deepen their partnership, further revitalize the region, and create new services for the benefit of local residents.*According to research carried out by Toyota in April 2022 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

20 11 月, 2021

PM Lee plants symbolic, cherry blossom-like tree as Ang Mo Kio steps up green drive

SINGAPORE - Prime Minister Lee Hsien Loong marked annual Tree Planting Day on Saturday (Nov 20) morning by planting the same type of tree that his father and Singapore's founding prime minister Lee Kuan Yew did back in 1963. A light morning drizzle did not stop PM Lee and his fellow Ang Mo Kio GRC MPs - Mr Darryl David, Mr Gan Thiam Poh and Ms Ng Ling Ling - from picking up shovels to help plant nine mempat trees, which are distinctive for their light pink flowers resembling cherry blossoms. They were joined by Kebun Baru MP Henry Kwek and Yio Chu Kang MP Yip Hon Weng. The event, which was held at Ang Mo Kio Avenue 3, also shone a spotlight on sustainability initiatives by the Ang Mo Kio Town Council, from upcycled benches to student-led green projects. Due to the Covid-19 pandemic, the event was only attended in person by about 40 people including grassroots advisers and guests. Residents were unable to participate in the event for the second year running but could watch it on a Facebook livestream. The seeds of the yearly tradition were sown on June 16, 1963, when Mr Lee Kuan Yew planted a Cratoxylum formosum or mempat tree in Farrer Circus. But the first official Tree Planting Day was launched on Nov 7, 1971, when then Acting Prime Minister Goh Keng Swee planted a rain tree on the summit of Mount Faber. Since then, town councils typically organise their own Tree Planting Day activities with their MPs. The native mempat tree can reach a height of 10m in Singapore's parks and gardens. In February and August, it typically sheds leaves that contain medicinal benefits and blooms pink-coloured, faintly fragrant flowers. The tree is also valued for its wood, which can be used for carving, charcoal, firewood, furniture, house construction and more. Mr David, who is the chairman of Ang Mo Kio Town Council, said tree planting was symbolic to Singapore's Garden City epithet. "Having a tree planting ceremony like this every year reminds us of the need to bring greenery to our urban settings," he added. After planting the tree, PM Lee unveiled the town council's first set of reclaimed wooden benches and coasters, from rain and khaya trees that were felled in Ang Mo Kio earlier this year. Ten benches will be placed at public areas for residents to use, while 500 coasters will be given away as prizes in sustainability-related contests. The town council also teamed up with children from Deyi Secondary School, Jingshan Primary School and Pathlight School to design and paint more than 40 used rubbish bins, and with the Association for Persons with Special Needs (APSN) to fashion around 20 stationary holder pouches from used town council banners. Merchandise produced by APSN will be sold on Ang Mo Kio Town Council's Facebook page and website for $5 to $10 each, with all proceeds going to the social service agency. Reclaimed wooden benches at Ang Mo Kio Ave 3. Ten benches will be placed at public areas for residents to use. ST PHOTO: JASON QUAH Coasters made from trees that were felled in Ang Mo Kio earlier this year. PHOTO: ANG MO KIO TOWN COUNCIL/FACEBOOK Next year, the town council aims to recycle more than 100 bins and 200 banners. Mr Kwek, who chairs the town council's sustainability committee, said it was about switching from a city-dweller's "consumer" mindset to that of a "producer". "When a person produces, like a craftsman produces, they appreciate how things are made, and they will be more mindful of their usage," he said, pointing to efforts to promote green fingers among his residents. The town council is working with urban farming firm Citiponics - as well as winners of a biennial competition to recognise outstanding community gardeners in Ang Mo Kio - to bring fruits and vegetables to 100 financially challenged families in the Teck Ghee ward overseen by PM Lee. More on this topic Related Story Commonwealth Secondary School nurturing next generation of environmental stewards Related Story Keppel pledges $3m to plant 10,000 trees in S'pore to help meet 1 million target by 2030

30 8 月, 2021

Why Newborn Town is the best performing Chinese Internet company this year

HONG KONG, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - Newborn Town Inc. (9911.HK) released its 2021 Interim Financial Report on August 25, showing satisfactory business performance. In fact, Newborn Town has long been favored by the capital market, and experienced a large rise in share price of 15.8% on August 24.Newborn Town, after shifting its focus to social business in 2020, has achieved strong results in its business operations and aggressive acquisition and expansion strategies, acquisition of MICO and layout of mid- and hard-core games, leading to Newborn Town's impressive outperformance in its stock price in the past two years.It is not hard to understand why Newborn Town's stock price has increased sharply by 186% from HKD1.8 to HKD5.14 since the beginning of this year. It should be noted that Newborn Town has been leading the e-commerce and Internet sectors in the Hong Kong stock market, and therefore, is well-deserved as one of the best performing Hong Kong stocks this year.Newborn Town grows in line with the law of the Internet industryThere is a law in the Internet industry which was proposed by Robert Metcalfe, the inventor of the Ethernet, and was named after him as Metcalfe's Law. According to Metcalfe's Law, the value of the network is proportional to the number of network users squared.As shown in Newborn Town's latest Interim Financial Report, the number of overseas users remained on a stable and high rise while cumulative downloads of social apps reached 254 million through June 30 2021, with 17.41 million Monthly Active Users (MAU) on average during 1H2021, increasing by about 38% from 2H2020.In response to the rapid growth in the number of users, Newborn Town recorded revenue of RMB1.04 billion and a net profit of RMB0.14 billion in the first half of the year, showing a year-on-year increase of nearly 6 times and nearly 40 times respectively.In fact, in spite of Newborn Town's excellent financial performance, what investors in the Internet sector value most is not a company's short-term revenue and profit, but the sustainability of its user growth. This is because expansion of user groups of social products and diversified monetization methods will surely bring about rapid growth in operating revenue.The rapid growth in Newborn Town's revenue not only benefits from the sharp increase in the number of users, but also from the constantly diversified social product portfolio and the improvement of its operational efficiency.It is widely held that Newborn Town is an "upstart" standing out from Chinese Internet companies having established business operations in foreign markets. In fact, it is not. Newborn Town began to expand its business to foreign markets in 2013 and began to deploy its social business in 2015. Its audio and video social platforms such as MICO and YoHo having been downloaded more than 200 million times worldwide, with more than 18 million MAU on average in the second quarter of 2021.The Gulf countries in the Middle East contribute a great deal to Newborn Town's revenue. For example:- In Saudi Arabia, MICO and YoHo ranked 10th and 8th respectively among the top-grossing social apps in Google Play, and ranked 7th and 6th respectively among the top-grossing social apps in App Store.- In the UAE, YoHo and MICO ranked 5th and 11th among the top-grossing social apps in Google Play, and MICO ranked 4th among the top-grossing social apps in App Store.From statistics released by Sensor Tower, we know:- Newborn Town's products rank among the top-grossing in social app rankings in many countries worldwide, which provides reliable evidence for the company's satisfactory performance data.- Newborn Town's products are very popular in many countries worldwide, indicating that the product and operational strategies applied by the company work well.If everything goes well, Newborn Town's next important strategy is to focus on social traffic, further develop mid- and hard-core games, increase user stickiness and monetization rate, make its business layout in the game market by using the "independent research + release + investment" strategy, place emphasis on quality products, and increase the monetization efficiency.Underestimated Newborn Town, Neglected High GrowthBased on the user and market data above, although Newborn Town's stock price rose sharply by 15.58% on August 24, we believe that its closing price of RMB5.14 on August 25 is substantially undervalued by the capital market.At market's close on August 25, Newborn Town's market capitalization reached HKD5.13 billion, equivalent to RMB4.26 billion. However, considering its expected annual revenue of about RMB2.1 billion, Newborn Town had a price-to-sales ratio of about 2.03x in the capital market.Therefore, Newborn Town, a high-growth stock in the Internet sector, which has its revenue and net profit increasing by about 590% and 4000% year-on-year respectively and has the number of its half-year average MAU increasing by nearly 40%, has an extremely conservative valuation with a price-to-sales ratio of about 2x, as it may go for stocks in the banking and insurance sectors.Look at Newborn Town's cash flow statement. According to its annual report 2020, Newborn Town had net cash inflow from its operating activities in 2020 totaling RMB300 million, net cash outflow from its investment activities in 2020 totaling RMB97 million, and annual net cashes in 2020 of over RMB200 million. According to its interim report in 2021, in the first half of this year, Newborn Town had net cash inflow from its operating activities totaling RMB160 million, net cash inflow from its investment activities totaling RMB23 million, and net cashes of over RMB180 million.It seems inconsistent that a company with rapid growth in user groups and with sound cash flows should receive such a low valuation.What's more, Newborn Town's potential high-growth factors have not yet been included in the foregoing. For example, since the second quarter of this year, Newborn Town has focused on Japanese, South Korean and other developed markets, and began to expand MICO and other products into those markets. In another example this year, Newborn Town attached great importance to mid- and hard-core games and is releasing independently developed quality games, and is making initial investments in several game businesses which may exert influence on its current profit but will greatly drive Newborn Town's future growth.Value recognition may be late, but will never be absent. We believe the value of Newborn Town will be recognized at some point by the capital market, and so advise investors to take the long view.Behind Newborn Town's expansion to foreign markets: the victory of Internet industry players in ChinaAccording to data from Sensor Tower, in 2020, the total revenue of Chinese social apps launched in global markets increased by 127% from the previous year and the total revenue of Chinese entertainment apps launched in global markets increased by 250% from the previous year. As shown in the data from Analysys International, MICO ranked top five Chinese going-global entertainment and social apps contributing at least USD100 million to corporate revenue in 2020.Since the beginning of 2021, Chinese apps have enjoyed worldwide popularity, especially social and game apps. Keeping up with this historical trend, Newborn Town has launched dozens of social, games and other apps widely used worldwide, and based on the average MAU of its social apps, it has become the largest Chinese company to have expanded its social networking business to foreign markets.We believe that the value of Newborn Town Inc. (9911.HK) will be re-evaluated by the capital market. With its current valuation and potential for future growth, both of which are quite attractive, Newborn Town presents a great opportunity in the context of market recovery.Contact:Weijie Xie, PeanutmediaE: xieweijie@czgmcn.comURL: www.Peanutmedia.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

15 5 月, 2021

New green initiative set up to enhance sustainability efforts in PAP town councils

SINGAPORE - Plans to roll out more green initiatives such as food composting in housing estates are in the works as part of efforts to build more sustainable living environments for residents. To this end, the 15 People's Action Party (PAP) town councils have set up an initiative to enhance their sustainability plans and efforts in support of the Singapore Green Plan 2030. The initiative will foster collaboration between town councils, residents as well as sustainability experts and advocates and work towards making every PAP-managed town zero-waste, energy efficient and greener by 2025, the party announced on Saturday (May 15). One MP from each council, together with representatives from Young PAP, will form the Action for Green Towns task force, which will be led by Jalan Besar Town Council chairman Wan Rizal Wan Zakariah. For a start, the task force will review all existing sustainability projects across the various town councils. Existing initiatives include adoption of energy-saving LED lamps and smart lighting, encouraging cycling by building more bicycle racks, as well as making the roofs of multi-storey carparks greener. Mr Lim Biow Chuan, who is coordinating chairman for PAP town councils, said: "The impact of climate change cannot be ignored and we need to take action to ensure that we are creating a better and more sustainable living environment for our residents. "This is important to address a global emergency and that is why sustainability must be a cornerstone of our town management practices." He noted that the task force will evaluate existing projects and assess which are most appropriate and scaleable across all the town councils. A first "report card" will be released at the end of the year, outlining the collated initiatives and how things can be done better, said Dr Wan Rizal, adding that each town council will also periodically announce their own plans. "I think it's important to build upon the good work that many of the town councils have done, come together and push towards (this sustainability goal)." Mr Lim added that the town councils would explore the various recommendations that the task force comes up with before deciding how sustainability initiatives will be funded. Some of the initiatives, such as greening the rooftops of multi-storey carparks, will be done in conjunction with other stakeholders such as the Housing Board. Dr Wan Rizal also highlighted that residents will play a key role in shaping this green journey for the towns and will be involved in the entire process, from providing feedback to coming up with ideas and implementing them. Adding to his point, Sembawang GRC MP Poh Li San said that this initiative builds on the current sustainability momentum in Singapore and is a good opportunity to get residents to participate in transforming their living environment. "At the end of the day, this green movement brings us together, gives us a common cause to work together for our future generations. At the same time, there are many intangible benefits we can derive, so long as we all want to do this together." More on this topic Related Story Singapore Green Plan 2030 to change the way people live, work, study and play Related Story Growing the green plan

1 4 月, 2021

Can Newborn Town become the next tenfold gainer?

HONG KONG, Mar 30, 2021 - (ACN Newswire) - What is the trend of the Internet industry in 2021? Chances are it's an open social platform. Elon Musk, the founder of Tesla, made Clubhouse popular around the world. Is Clubhouse the ultimate answer to an open social platform? It's hard to say at the moment, but the era of open socialization has arrived. Youth tend to move with anything new. So although Facebook has an absolute advantage in the global social field, Snapchat and Twitter still have room for development. With the continuous development of the Internet, a new generation of young users has a higher acceptance of video and audio, and a new generation of open social apps has also emerged.For Chinese Internet companies seeking growth opportunities in overseas markets, open social networking provides huge development opportunities, among which two of the most successful are China-based Newborn Town Inc (HKG: 9911), and AE-based Yalla Group Ltd (NYSE: YALA). First, let's take a look at Newborn Town, which has just released its 2020 financial report.The great potential of strangers socializingSince its listing in 2019, the changes in Newborn Town have been earth-shaking. Founded in 2009, its founder Liu Chunhe always cherished the dream of changing the world with Internet products. In 2013, Newborn Town began to expand overseas, since then overseas markets have become a company core strategy.In the initial stage of going overseas, the company quickly accumulated internet tools, with hundreds of millions of users in the world. However, as the inherent shortcomings of tools, such as low stickiness and user duration, have been recognized by the capital market, the valuation of mobile Internet tools is at a low ebb, which is also a reason the share price of Newborn Town is still not high after its listing.However, in 2020, Newborn Town engineered a magnificent makeover. The company's core development strategy was successfully upgraded and the company seized the opportunity for open social networking with audio and video social products including Yiyo, MICO and YoHo. The average monthly active users of social platforms were about 11.36 million, and they are still growing rapidly.In early 2021, when the market began to reassess the company's stock, its price skyrocketed from HK$1.70 to a peak of HK$11.54. The price fell back, but is around HK$4.30, still up more than 200% from last year's low. If the stock price of Newborn Town has risen sharply, will there be a bubble? It depends on strong performance.On March 24, the company released its earnings for 2020. Revenue came in at CNY1.18 billion, an anual increase of 203.2%, net profit of CNY110 million represented an increase of 67.1%. Newborn Town's current stock price is HK$4.3, with share capital of 999 million shares, and a market valuation of about HK$4.3 billion, or CNY3.6 billion. Compared to the growth in 2020 revenue and net profit, the share price is not expensive at all.How was Newborn Town able to upgrade in just a year? In fact, Newborn Town began to lay out open social networking a few years ago. In 2016, the company incubated MICO, a social product aimed at overseas markets. After several years of rapid development, MICO has achieved rapid revenue growth and achieved profitability.MICO ranked second as China's overseas social networking platform. According to official data from MICO, the platform currently covers more than 150 countries and regions around the world, has entered the top 10 App Store bestsellers in 92 countries and regions, and has accumulated hundreds of millions of successful pairings.On July 2, Sensor Tower, the mobile app data company, announced China's Top 20 Short Video / Live Streaming Apps for the First Half 2020. MICO was once again on the list, ranking Top 20 in terms of download volume and revenue. Sensor Tower pointed out that with the global pandemic, people were seeking entertainment and socially networking online, with related apps ushering in an explosive round of growth in 2020.In fact, MICO, which includes the live broadcast module, has been on the list many times before. In Q1 and Q2 2019, MICO continued in Sensor Tower's Top 20 for overseas revenue of China's Short Video / Live Streaming Apps, ranking firmly in the Top 10. Last year, MICO entered the list again ranking No. 6.At the same time, YoHo, Newborn Town's social voice platform, was launched in 2018. It is entrenched in the Middle East and North Africa with the six core Gulf countries. It has also entered the top 10 best-selling Google Play social applications in the Gulf countries, becoming the second voice social product in the Middle East.Yiyo, the company's video social product, aims at differentiation and creates social scenes in the form of video matching and one-to-one video chat, which is loved by young users. This product is among the top 20 of Google Play global social app download list in 2020, with a total of more than 50 million downloads.By 2020, the average monthly active users of social platforms were about 11.36 million, and they are still growing rapidly. By the end of 2020, Newborn Town had a 'super-traffic ecology' with 1.2 billion users, and it was monetizing its 'traffic + X' business model on a global scale. In terms of core strategy, the company was focusing on stranger social business, supplemented by multiple businesses such as games.After the stocks rise, it was still undervalued, and it may be the next tenfold gainer.Although Newborn Town's stock price has risen sharply recently, compared with similar companies, the company's stock price is still seriously undervalued.For example, Yalla, which has a business model similar to that of Newborn Town, was successfully listed on the New York Stock Exchange in October 2020 with a share price of US$20.3 and a market value of about US$3 billion by virtue of its product Yalla's success in the Middle East.According to the latest financial report of Yalla Group Inc, in the fourth quarter of 2020, Yalla, the company's core social networking product, had 6.4 million monthly live users, which is only about half of the 13.18 million monthly live users of social networking platform of Newborn Town Technology in the fourth quarter of last year.At the same time, the total income of Yalla in 2020 was RMB880 million, a year-on-year increase of 113%, and its net profit was RMB20.9 million, a year-on-year increase of 7%. These two key data are far lower than that of Newborn Town, but the current market value of Newborn Town is only HK$4.3 billion, or about US$550 million.Through a comparison of monthly user data and financial data of the two companies, it is obvious that Newborn Town has greater potential and more stable financial data. But as the market has not fully recognized the potential of Newborn Town's social networking platforms, the company's share price is still seriously undervalued. Moreover, Newborn Town's platforms have outstanding performance in many countries, and the long-term potential is undoubtedly greater than that of Yalla, which is only deployed in the Middle East and North Africa.From the characteristics of the US and Hong Kong stock markets, the HK market is less friendly to small-cap companies. In addition, the HK market doesn't fully tap the potential of Internet technology stocks, as leading blue-chip stocks are the market favorites. In the U.S. stock market, there are social media leaders like Facebook, and alternative social media companies such as Snapchat, Twitter, Match Group, and Pinterest. The U.S. stock market understands the business models and the growth potential of such companies.Therefore, in the current Hong Kong stock market, the value of Newborn Town has been temporarily hidden. But with Kuaishou's landing in the Hong Kong stock market, coupled with the upcoming Byte Dancing, the value on Internet social networking in Hong Kong stocks is expected to be immediately discovered.Of course, there is a huge gap between the two companies in terms of market value. On the other hand, it is also because Yalla Group has been on the market for less than half a year and there are fewer circulating shares.Frankly speaking, with the current user data and financial data of Newborn Town, the valuation on the primary market should definitely exceed US$1 billion. According to the normal secondary market valuation, even with the most conservative estimate of 50% off, the market value of Newborn Town should be about US$1.9 billion, and the corresponding stock price about HK$15, which is 10 times last year's low of 1.5 Hong Kong dollars!Going to sea is at the right time, with certainty and growthThe success of Newborn Town going overseas is not only a miniature of Chinese Internet companies going to sea, but also a typical successful case.According to Senser Tower data, Chinese Internet companies will return with a full load from overseas markets in 2020. For the first time, the total revenue from China's overseas mobile travel market will exceed US$10 billion, with the highest growth rate is in the world. Revenue from the top 30 mobile travel products will reach US$9.2 billion, up 47% this year, while revenue from Tiktok, by Byte Dance, of US$1.26 billion, has increased 590%.Focus on the social track. The rapid growth of social products of Newborn Town overseas is based on the rapid development of Chinese social products overseas.The development of Chinese Internet companies is similar to that of mobile phone companies. After the bloody fight in the domestic market, with the "all-in-one martial arts" trained in the domestic market, China's Internet companies can make a big show in the overseas market through localized operations, such as Tiktok under Byte Dance. The overseas market has also given Chinese manufacturers ample room for development.From another point of view, some domestic Internet companies, such as Momo, have missed opportunities for overseas development, which have hindered their development and their market value continued to fall.For Newborn Town 2020 was undoubtedly a very successful year. The company transformed from a software tools company to a social product company, achieving a gorgeous upgrade, and the capital market has repriced the company. The company's share price has risen by 200% from the lowest point.From the perspective of the company's development, high-speed growth in 2021 can still be expected. As the company's revenues and profit continue to increase, the capital market will change the underestimation of the company. In the long run, Newborn Town Technology has a chance to become another tenfold stock.Media contact:Heidi He, PeanutmediaE: hemeiyu@czgmcn.comWebsite: Peanutmedia.com

5 12 月, 2020

Tampines town moves to reduce food waste and promote sustainable food production

SINGAPORE - As part of efforts to transform Tampines into an eco-town, an initiative was launched on Saturday (Dec 5) to reduce food waste and promote sustainable food production. Coined Sustainability @ Tampines Park, it includes a vertical vegetable farm along the wall of Block 146 Tampines Aveue 5, where nai bai, lettuce and bayam spinach are grown. In just three to four weeks, the vegetables will be harvested by hand and given to residents in exchange for their food waste. The food waste is fed to black soldier fly larvae, which breaks it down into fertiliser. The fertiliser can be used in the vertical vegetable farm, while the pupae of the black soldier fly can be used as feed for tilapia fish being reared in the Tampines Park pond. Tampines Town Council said it has plans to trial a robotic arm that will harvest the vegetables and move it to a locker where residents can collect their produce. Additionally, Tampines Town Council is experimenting with smart light-emitting diode (LED) lights which brightens when movement is detected in the vicinity and dims otherwise. This can lead to energy savings of up to 80 per cent. Ms Cheng Li Hui, chairman of Tampines Town Council, said: "While developing Tampines into a model Eco Town continues to be a priority, the town has seen more people-centric processes that involve our residents and different stakeholders. "With everyone's contributions, the project will be a success in reducing food waste while strengthening the community's food resilience," she said, referring to the latest initiative. More on this topic Related Story Singapore GE: Tampines Town Council rolls out five-year masterplan for eco-friendly town Related Story Robots that clean floors, chase pigeons away among technologies being tested at Tampines food centre

29 10 月, 2020

IT glitch prevents Sengkang Town Council from receiving cash for conservancy payments

SINGAPORE - The new Sengkang Town Council (SKTC) has been unable to receive cash payments for Service and Conservancy Charges at its offices, due to a glitch in its IT system. The problem was discovered after the Workers' Party-run SKTC on Wednesday (Oct 28) took over the full management of estates in Sengkang GRC that were previously under two People's Action Party-run town councils. In a statement on Facebook on Wednesday night, SKTC said staff at the town council found at 8am on Wednesday morning that "configurations for the front end collection systems were not in place". As a result, the town council could not take cash payments for S&CC. The problem was not resolved as of 6pm on Wednesday. "During our engagements with the existing IT Vendor for the Town Council Management System (TCMS), we were assured of the functionality of the system. However, the staff of SKTC noted at 8am this morning that configurations for the front end collection systems were not in place," the statement said. It added that SKTC was "working closely with the IT vendor to restore operational functionality of the TCMS as soon as possible". The town council also apologised to residents over the inconvenience caused to them. Sengkang GRC, with more than 120,000 voters, is partly made up of the former Punggol East SMC and the Sengkang Central division of Pasir Ris-Punggol GRC, both of which were managed by the Pasir Ris-Punggol Town Council. The group representation constituency also comprises parts of Sengkang West SMC, which was managed by Ang Mo Kio Town Council. SKTC formally took over the management and maintenance of these areas on Wednesday. Town councils control, manage, maintain and improve the common areas of the residential and commercial properties in their towns for residents. SKTC said in a separate statement on Wednesday that it would continue to work with EM Services and CPG Facilities Management, the two managing agent firms that have been managing the estates. "Both managing agents have affirmed their commitment to SKTC, and that they will work in close collaboration to deliver the highest standards of estate management service to Sengkang residents," it added. "With both managing agents continuing township management operations, residents of Sengkang GRC can look forward to a smooth handover, and continuity in the provision of township services at Sengkang Town." The PAP town councils had said on Tuesday that arrangements have been made for residents who now pay their service and conservancy charges through Giro or other recurring payment schemes to continue doing so without disruption. Both town councils wished SKTC the best in its efforts to serve Sengkang residents. In the July general election, the Workers' Party team secured 52.12 per cent of the votes in Sengkang GRC. Its team, comprising lawyer He Ting Ru, economist Jamus Lim, equity research analyst Louis Chua and social activist Raeesah Khan, beat the PAP team made up of labour chief Ng Chee Meng, then Senior Minister of State Lam Pin Min, then Senior Parliamentary Secretary Amrin Amin and lawyer Raymond Lye. Under the law, town councils have up to 90 days from their formation to take over the management of areas that are transferred to them. SKTC was among 17 town councils that were formed on July 30, which means it had to take over the management of the transferred areas from Wednesday.