What is AVAX? Everything You Need to Know About Avalanche

SINGAPORE, Dec 1, 2022 – (ACN Newswire) – Welcome to this edition of 101 article exploring one of the staking coins on Moonstake. This time, we'll be looking at Avalanche and its native coin AVAX which has grown rapidly since its inception just a few years ago and is in the list of the most popular cryptocurrencies on the market.

What Makes Avalanche Unique?
Launched in September 2020, Avalanche is a Layer-1 blockchain that functions as a platform for dApps and custom blockchain networks. As a rival to Ethereum, Avalanche aims to dethrone it as the best blockchain for smart contracts with its impressive 4,500 TPS (transactions per second) output without compromising on scalability nor security.

Most notably, the EVM (Ethereum Virtual Machine)-compatible Avalanche network boasts a unique architecture consisting of three individual blockchains. All three chains serve a unique role and work together to run the Avalanche network, instead of letting a single chain handle all transaction processing like other blockchains on the market. Specifically:

– X-Chain (exchange chain): Handles transactions. Has a fixed transaction fee of only 0.001 AVAX and utilizes directed acyclic graph (DAG) technology to optimize speed.
– P-Chain (platform chain): Handles staking and validator activities.
– C-Chain (contract chain): Handles smart contracts, DApps, and DeFi.

Users can swap AVAX between these three chains and they are secured and validated by the Primary Network, a special subnet. On Avalanche, users can build their own custom blockchain network that is seamlessly interoperable with the broader Avalanche ecosystem. Custom subnets need to be a member of the Primary Network by staking 2,000 AVAX.

For its consensus algorithm, Avalanche operates its own protocol called Snow that uses Proof-of-Stake (PoS) as the foundation. The Snow consensus protocol aims to balance transaction speed, network capacity, decentralization, energy efficiency, and security. The Avalanche team also claims that its network boasts the "lightest hardware requirements of any blockchain platform" and does not implement slashing, making it a very friendly PoS chain for validators.

How Did Avalanche Become Popular?
Avalanche is one of the most popular blockchains out there for DeFi, with a thriving ecosystem of applications. It is home to market-leading DeFi platforms including the lending protocol AAVE, SushiSwap DEX, and the first regulated stablecoin TrueUSD.

Thanks to its robust technical architecture and DeFi ecosystem, Avalanche has become one of the most popular blockchains for DApp developers. In 2020, Avalanche raised 42 million USD in its ICO in just 24 hours.

Avalanche's Technical Milestones and Why Moonstake Supports AVAX
At Moonstake, we work to support the most demanded coins on the market. Here are some key milestones of Avalanche so far:

– 800 network validators by January 2021, less than half a year since Mainnet launch.
– TVL increased significantly from early 2021 and peaked at 400 million USD before the market crash in May 2021.
– By Q1 2021, users have moved more than $100M in assets from Ethereum to Avalanche, including $8.2M within the first 24 hours.
– By late November 2022, Avalanche network had processed 450 million transactions total, a 1507% increase from one year ago.
– Over 200 DApp projects are currently available on Avalanche, with many projects being cross-chain thanks to the robust bridging ecosystem around Avalanche.
– Avalanche has also secured institutional partnerships with major global companies like accounting firm Deloitte and publicly traded insurance company Lemonade, demonstrating practical use cases of blockchain and crypto for enterprises.
– Avalanche currently has over 1,300 validators securing its highly active network.

We can see that AVAX is a high-demand coin and Avalanche network is an esteemed blockchain project with active, continued growth and development. This makes AVAX a great and strategic addition to the lineup of PoS coins supported by Moonstake and we are working hard to bring AVAX staking to you very soon.

How AVAX Staking Works
You will have to transfer your AVAX onto P-Chain to start staking. When you hold assets in a P address, you make them illiquid. You will not be able to freely move your assets into your X address, and you cannot transfer them to another P address. To move assets from one P address to another, you have to send them back to your X address and then send them to another P address.

Users must have 25 AVAX to delegate/stake in the wallet, the minimum amount of time one can stake funds for validation is 2 weeks for a lock-up period. The delegation fee set by validators is the portion of the rewards that are paid to the validators. The minimum delegation fee is 2%. However, there is no slashing on Avalanche, staked tokens are never at risk of loss due to poor validator performance.

When a validator is done validating the Primary Network, it receives back the AVAX tokens it staked. The validators will also vote on whether the leaving node should receive a staking reward for helping to secure the network.

A validator will only receive a staking reward if they are online and response for more than 80% of their validation period, as measured by a majority of validators, weighted by stake.When a node leaves the validator set, the validators vote on whether the leaving node should receive a staking reward or not.

How To Get Rewards for AVAX Staking and How Unstaking Works
AVAX rewards earned from staking are handled on the protocol level, and rewards will automatically be transferred to you once they are earned. AVAX tokens must be staked for a minimum of 2 weeks and a maximum of 1 year, and the staking rewards (as well as the staked tokens) will be received by the user after the staking period ends.


About Moonstake

Moonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals. Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange. Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/

About Moonstake's staking business

For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 18 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition on Avalanche. https://avax.network

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The 23rd Hong Kong Forum gathered 100 global business leaders from Federation of Hong Kong Business Associations Worldwide to explore the latest opportunities in Hong Kong

HONG KONG, Dec 1, 2022 – (ACN Newswire) – For the first time since the start of the pandemic, the 23rd Hong Kong Forum once again welcomed in-person participation, while the event was also livestreamed to engage the wider global community. The Forum, organised by the Hong Kong Trade Development Council (HKTDC), serves as the annual flagship event of the Federation of Hong Kong Business Associations Worldwide (FHKBAW).

From third left: HKTDC Chairman Dr Peter KN Lam, HKSAR Chief Executive John Lee; FHKBAW Chairman Hans Poulis and HKTDC Executive Director Margaret Fong

In her opening remarks, Margaret Fong said businesses the world over will pay close attention to Mainland China, including the GBA, and RCEP markets in the years ahead to reap its benefits. And that is the focus of this year's Hong Kong Forum.

In a plenary session chaired by Stacey Chow, Director and Asia-Pacific Regional Lead for Business and Society at the Brunswick Group, business leaders discussed how overseas companies can seize RCEP and GBA opportunities through Hong Kong.

The two-day event, which concluded yesterday, welcomed more than 180 participants, including 100 global business leaders, in-person. At the same time, over 700 business representatives from 35 countries and regions, including Canada, Europe, Mainland China, Southeast Asia, the United States and more, participated online.

Hong Kong continues to capitalise on its advantages and strengthen its global business connections

Margaret Fong, Executive Director of the HKTDC, said: "Businesses the world over will pay close attention to the Mainland China, including the GBA, and RCEP markets in the years ahead to reap its benefits. And that is the focus of this year's Hong Kong Forum. With the theme "Gear Up for Worldwide Business Opportunities", the event will delve into the arising opportunities and outlook of the Mainland China, GBA and RCEP markets to equip you with the latest insights and help you make the right business decisions."

In his keynote address, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, mentioned that "One country, two systems" ensures the continuation of our compelling advantages, from the rule of law and judicial independence, to the free flow of capital, our free trade and investment regime, simple and low tax system, favourable business environment, sophisticated logistics and communications infrastructure and more. These distinctive strengths have long attracted global business and investment. Together, we have built one of the world's most competitive and open economies.

In his opening remarks, Hans Poulis, chairman of the FHKBAW, said: "Hong Kong is an ideal gateway to Mainland China, especially the Greater Bay Area, a strong economic powerhouse with a market of more than 86 million people, which is equivalent to a large global economy, where the population has high spending power. The Hong Kong Forum this year again, has invited renowned industry experts and successful entrepreneurs to share their leadership insights and versatile experience. Besides, we also arranged the local visits and cultural tours that will enable participants to understand the latest development in Hong Kong from cultural, historical and infrastructural perspectives."

Business leaders dissect RCEP and GBA opportunities

As an international innovation and business hub, Hong Kong serves as an important conduit connecting the GBA and RCEP economies with the rest of the world. Stacey Chow, Director and Asia-Pacific Regional Lead for Business and Society at the Brunswick Group, presided over a plenary session attended by business leaders, including Dee Poon, President, Brands and Distribution, Esquel Group; Bertrand Chen, CEO, Global Shipping Business Network (GSBN); Sonia Cheng, CEO, Rosewood Hotel Group and Vice-chairman, Chow Tai Fook Jewellery Group; and Tracy Wong Harris, Managing Director and Head of Sustainable Finance for Asia at Standard Chartered Bank.

These esteemed business leaders discussed post-pandemic business opportunities in Asia driven by the RCEP and GBA, and shed light on how Hong Kong can help overseas companies seize market opportunities in sustainable development.

Examining Mainland China's economic outlook

The Forum also focused on the Mainland economic outlook. Chang Ka Mun, Senior Advisor at Fung Business Intelligence, and Managing Director at Li & Fung Development (China) Limited; Adam Kwok, Executive Director of Sun Hung Kai Properties Limited; and Peter Mok, Head of the Greater Bay Area at Hong Kong Science and Technology Parks Corporation (HKSTP), partook in a discussion alongside panel chair Irina Fan, HKTDC's Director of Research, to discuss the broader economic outlook, new growth areas and longer-term challenges facing Mainland China.

Keeping abreast of Hong Kong's latest cultural, aviation and I&T developments

In addition to the Forum, FHKBAW's overseas member associates visited the West Kowloon Cultural District, the M+ museum, Hong Kong International Airport and HKSTP. The on-site visits enabled them to gain a better understanding of Hong Kong's most recent developments – such as the HKSAR's role as a hub for arts and cultural exchange, international aviation, and innovation and technology.

Hong Kong in the eyes of global business leaders

Dennis Chiu, Chairman of Hong Kong Singapore Business Association said: "I find Hong Kong after COVID-19 has become more resilient, it is very determined to make things work. I have heard a lot of misperceptions about HK and would highly recommend those people to make a trip to HK personally, to see in their own eyes the robust development in the West Kowloon Cultural Districts, The Hong Kong International Airport, The Science & Technology Park, etc., Hong Kong has metamorphosised out from the pandemic impact, and has grown stronger and become more impactful to international business communities."

Mark Staublin, President of Hong Kong Business Association of the Midwest mentioned "This is my first visit to Hong Kong after two years. I haven't lost confidence in Hong Kong despite the negative media news I have read. This visit is proven to be worthwhile. Hong Kong has equipped itself to grow stronger and more resilient. This is still the preferred city for businesses, network, entertainment and culture. I will encourage my US teams and friends to book the next flight ticket to Hong Kong soon."

Global business association representatives tell a positive Hong Kong story

The Hong Kong Forum is the annual flagship event of the FHKBAW. The Federation, founded in 2000, comprises a network of 47 business associations with about 11,000 business executives and professionals from 36 countries and regions as its members

Forum website: https://hkforum.hktdc.com/conference/hkforum/en
Photo download: https://bit.ly/3OODUP0


The Federation of Hong Kong Business Associations Worldwide is a unique network of 47 Hong Kong Business Associations in 36 countries and regions with about 11,000 individual associates. These Hong Kong Business Associations were started by overseas traders, buyers and professionals, who have strong business links to Hong Kong in their respective countries, for the purpose of networking and exchanging of business information and ideas. Each of these Associations has their own individual members who are top business people and SMEs in their home country. They are Hong Kong's closest allies and partners in the world market. With the help of the Hong Kong Trade Development Council (HKTDC), these Associations formed the Federation of Hong Kong Business Associations Worldwide in November 2000. The Federation aims to achieve synergy among the global network of Hong Kong Business Associations. It provides an effective base for member associations to network and exchange information, thereby, generating business opportunities. Website: https://www.hkfederation.org.hk/about


The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media enquiries
Please contact the HKTDC's Communications and Public Affairs Department:
Snowy Chan, Tel: +852 2584 4537, Email: snowy.sn.chan@hktdc.org
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Palladium One Announces C$4.0 million Private Placement Financing

TORONTO, ON, Dec 1, 2022 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce a brokered private placement of up to 15,000,000 units of the Company issued on a charity flow-through basis (the "Charity FT Units") at a price of $0.20 per Charity FT Unit (the "Charity FT Issue Price") for gross proceeds of up to $3,000,000 ("Offering"). Each Charity FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "Charity FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Charity FT Warrant") each to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each Charity FT Warrant will entitle the holder thereof to purchase one non flow-through Common Share (a "Warrant Share") at an exercise price of $0.20 for a period of 36 months from the date of issuance thereof. The Charity FT Units will be offered for sale to purchasers in all the provinces and territories of Canada (other than Quebec) in reliance on the listed issuer financing exemption available in Part 5A National Instrument 45-106 – Prospectus Exemptions ("NI 45-106") and will not be subject to any statutory hold periods.

In connection with the Offering, the Company has entered into an agreement with Echelon Capital Markets ("Echelon"), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively the "Agents"). As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering. In addition, the Agents will receive non-transferable warrants (the "Broker Warrants") exercisable at any time prior to the date that is 24 months from the Closing Date to acquire that number of Common Shares which is equal to 6.0% of the number of Charity FT Units sold under the Offering at an exercise price equal to $0.14. In addition, the Company shall grant the Agents an over-allotment option (the "Over-Allotment Option"), exercisable in whole or in at any time up to 48 hours prior to the closing date of the Offering, to purchase up to an additional number of Charity FT Units as is equal to 15% of the number of the Charity FT Units issued under the Offering, on the same terms as set forth above, to cover over-allotments, if any, and for market stabilization purposes.

In addition, the Company will issue up to 6,666,667 units of the Company on a flow-through basis (the "FT Units") at a price of $0.15 per FT Unit (the "FT Issue Price") for gross proceeds of up to $1,000,000 issued on a non-brokered basis ("Non-Brokered Offering"). Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "FT Warrant") each to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each FT Warrant will entitle the holder thereof to purchase Warrant Share at an exercise price of $0.20 for a period of 24 months from the date of issuance thereof. All securities issued or issuable under the Non-Brokered Offering will be subject to a statutory hold period lasting four months and one day following the closing of the Non-Brokered Offering.

No fees will be paid in connection with the Non-Brokered Offering.

There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedar.com and on the Company's website at www.palladiumoneinc.com. Prospective investors should read this offering document before making an investment decision.

An amount equal to the gross proceeds from the issuance of the FT Units and Charity FT Units will be used to incur, on the Company's Canadian mineral exploration properties, Canadian exploration expenses that will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) and that will also qualify as "eligible Ontario exploration expenditures" within the meaning of subsection 103(4) of the Taxation Act, 2007 (Ontario) (collectively, the "Qualifying Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2023 and will be renounced by the Corporation to the subscribers with an effective date no later than December 31, 2022 to the initial purchasers of the FT Units and Charity FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units and Charity FT Units. In the event that the Corporation is unable to renounce the FT Issue Price and Charity FT Issue Price on or prior to December 31, 2022 for each FT Unit and Charity FT Unit purchased and/or if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will as sole recourse for such failure to renounce, indemnify each FT Unit and Charity FT Unit subscriber for the additional taxes payable by such subscriber to the extent permitted by the Income Tax Act (Canada) as a result of the Corporation's failure to renounce the Qualifying Expenditures as agreed.

The Offering and the Non-Brokered Offering are expected to close on or about December 20, 2022 or such other date or dates as the Company and the Lead Underwriter may agree (the "Closing Date") and are subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

"Derrick Weyrauch"
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com


Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating to the timing ‎and ‎completion of the Offering, the satisfaction and timing of the receipt of required stock ‎exchange ‎approvals and other conditions to closing of the Offering and the intended use of the ‎ proceeds of the ‎ Offering. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Not for distribution to United States newswire services or for dissemination in the United States

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

12th HKTDC Business of IP Asia Forum opens today

HONG KONG, Dec 1, 2022 – (ACN Newswire) – Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Trade Development Council (HKTDC) and Hong Kong Design Centre, the 12th Business of IP Asia Forum kicked off today. The first day took place in person at the Hong Kong Convention and Exhibition Centre (HKCEC) with livestreaming available, while the second day will be entirely virtual. Themed "Creating New Value, Discovering New Frontiers", the two-day forum brings together more than 70 global intellectual property (IP) experts and business leaders to discuss the latest trends and opportunities in the Asian IP market.

John Lee, Chief Executive of the HKSAR, delivering opening remarks

Margaret Fong, Executive Director of the Hong Kong Trade Development Council

Daren Tang, Director General of World Intellectual Property Organization (WIPO)(center), shared his insights in the Policy Dialogue "Aspiration to Action: Co-creating a Resilient and Sustainable IP Ecosystem".

John Lee, Chief Executive of Hong Kong Special Administrative Region spoke at the forum's opening ceremony this morning, along with Margaret Fong, Executive Director of the HKTDC; Shen Changyu, Commissioner at the China National Intellectual Property Administration; and Daren Tang, Director General of World Intellectual Property Organization (WIPO).

In her welcome, HKTDC Executive Director Margaret Fong remarked: "In the past 12 years, our Forum has become a leading platform for IP professionals and business leaders from around the world to exchange insights, make connections and explore opportunities. It also underpins Hong Kong's status as a regional IP trading hub. With its strong IP protection regime, efficient IP commercialisation, deep and liquid capital market and sound judicial system, Hong Kong is uniquely placed to foster a vigorous IP ecosystem in the Greater Bay Area, the rest of Mainland China and Asia at large."

Addressing participants at the opening session, John Lee said: "Our country's National 14th Five-year Plan firmly supports Hong Kong's rise as a regional IP trading centre. It's one of the eight important sectors to drive our future development, and to lead the way in – for China and for the Asian region as a whole. To strengthen IP rights' protection, the Hong Kong SAR Government will work to implement the international trade mark registration system. We'll also update our copyright regime to boost digital copyright protection."

In his opening address, Shen Changyu, added: "The China National Intellectual Property Administration supports the development of the intellectual property business in Hong Kong and the whole Guangdong-Hong Kong-Macao Greater Bay Area (GBA). We will help Hong Kong develop its patent system, streamlining patent examination, staff training and information-system development. Hong Kong is expected to rapidly develop into a regional intellectual-property trading centre. This will provide an optimised business environment for industry players, actively integrating the city into the nation's development and contributing to a robust IP industry."

Discussions on the first day began with the Policy, with welcome remarks delivered by Algernon Yau, JP, HKSAR Secretary of Commerce and Economic Development; IP experts Daren Tang, Director General of WIPO; Anthony Taubman, Director of the Intellectual Property Division at the World Trade Organization (WTO); Rowel S. Barba, Chairman of the Association of Southeast Nations (ASEAN) Working Group on Intellectual Property Cooperation; Kyo-sook Choi, Chair of Intellectual Property Rights Experts Group at Asia-Pacific Economic Cooperation (APEC); and Antonio Campinos, President of the European Patent Office exchanged views on how to coordinate global efforts to build a sustainable IP ecosystem.

Daren Tang said: "Intangible assets will play a growing role in the economic growth of Mainland China, Hong Kong and the world. We anticipate that an increasing number of Hong Kong-listed companies will derive the majority of their value from intangible assets. In addition, intangible asset finance is rising on policy agendas as governments and businesses use intellectual property as a financial asset. As growth and trade in intangible assets surge around the world, creating new patterns of commerce and exchange, they will open up a wealth of opportunities for Hong Kong. The city and the Greater Bay Area are well-positioned to be key centres of an increasingly intangible asset-driven global economy."

The sessions on the first day covered a myriad of IP-related topics. The plenary session shed light on the effective implementation of IP strategies for business expansion. Another session, the Global Tech Summit, focused on the industrial metaverse with leaders from various industries sharing their insights on the ways in which technology can propel reindustrialisation in Hong Kong. Meanwhile, other trending topics discussed included Patent Application Grant (PAG), dispute resolution mechanisms over domain names, precautions that need to be taken to protect online media IP, regulation frameworks and the metaverse ecosystem, and business collaboration efforts with Key Opinion Leaders (KOLs). Co-organised by the Guangdong Administration for Market Regulation (Guangdong Intellectual Property Administration), the GBA IP Development and Market Update session introduced new opportunities for technological innovation and IP in order to encourage more overseas enterprises to tap into the China market.

IPHatch Asia was hosted by Jason Loh, Founder and CEO of Piece Future. In his opening speech, Jason Loh analysed the role of IP and business networks in helping deep tech startups to jumpstart and scale up. He also shared the strategic reasons for hosting IPHatch Asia edition in Hong Kong, showing great confidence in the vibrant Hong Kong's startup ecosystem. The session invited past winners to discuss the importance of IP in their business development, share their entrepreneurial journey and give tips for staying ahead of the industry competition.

HKTDC and The Chinese Manufacturers' Association of Hong Kong signed a Memorandum of Understanding (MoU) at the Forum, pledging deeper cooperation on technology commercialization.

Innovation & IP Market: Smart Manufacturing and Building

For the first time at the Forum, the HKTDC co-organised the Innovation & IP Market with the Hong Kong Productivity Council (HKPC) to enhance IP commercialisation and facilitate industry exchange. The event brought together universities, R&D centres, start-ups, IP users and service providers to network and explore collaboration opportunities. The Inno Showcase provided a platform for IP owners to display their innovations. At the Open Stage, IP owners promoted their latest innovations and research results, while business advice was offered at the Tech Consultation Salon.

Meanwhile, an action-packed agenda on day two will see legal representatives, industry leaders from the cultural and creative industries, and IP experts from Hong Kong and the GBA explore the opportunities in the GBA and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone and share how IP can protect and promote cultural and creative arts development. In addition, participants can take part in a series of IP training courses co-organised by the HKTDC and HKSAR Intellectual Property Department, which will introduce basic concepts of various IP types. These training courses will be a learning opportunity for anyone seeking to understand how they can protect and manage their intellectual property in the digital age.

Also on the second day, the HKTDC, ASEAN Secretariat and HKSAR Intellectual Property Department will organise an online workshop on IP commercialisation in ASEAN. The workshop will bring together representatives from legal departments, research & development (R&D) institutions and enterprises from Hong Kong and ASEAN member states to share their collective experience in the financial and legal systems to facilitate IP commercialisation and technology transfer in a knowledge-based economy.

Business of IP Asia Forum website: https://bipasia.hktdc.com/en/
Photo download: https://bit.ly/3Vo1Z1t


The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media enquiries
Please contact Hill+Knowlton Strategies:
Rachel Zhu, Tel: +852 6816 5846, Email: rachel.zhu@hkstrategies.com
Jade Sin, Tel: +852 5646 8944, Email: jade.sin@hkstrategies.com

HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, Email: clayton.y.lauw@hktdc.org
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.org

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The 39th edition of World AI Show sets a rapid pace for the adoption of AI in the Indian landscape

250+ C-level attendees, 25+ notable expert speakers, 8 multi-national partners, and future tech exhibitors graced the 39th edition of World AI Show at The Leela, Mumbai on 23rd November 2022. With the help of these eminent speakers and futuristic solution providers, attendees were able to build and embrace a vibrant AI industry in India.

Mumbai, Dec 1, 2022 – (ACN Newswire) – The 39th global edition of World AI Show, held in Mumbai, had a significant impact on the future of the Indian AI ecosystem. Leading Indian tech mavens convened at The Leela in Mumbai to discuss how AI, ML, IA & Robotics will be adopted by Indian businesses in the coming years.

One of the conference’s most prominent discussions was the panel on “Tactical to Transformative.” The panel which consisted of Nitin Mittal, President & Group CTO, Zee Entertainment Industries, Rucha Nanavati, CIO, Mahindra Group, Krishnan Venkateswaran, CDIO, Titan Company Limited, Moumita Sarker, Director, Deloitte India was moderated by Ninad Raje, Director & CIO, HealthAssure addressed a broad range of technologies that are essential to businesses’ digital transformations (DX). The consensus was that AI would be the main technology driving enterprises through Digital Transformation.

Rucha Nanavati, CIO, Mahindra Group, responded to a question regarding the role of AI in the metaverse during the Tactical to Transformative discussion, and said, “AI can render accurate and realistic avatars in the metaverse and helps get much closer to reality while promoting creative partnership. The second thing would be AI Ops; Metaverse is resource intensive and for scalability, it heavily relies on AI. AI also facilitates human-computer interaction thus aiding content generation and enhancing interaction in the metaverse experience.” Sharing her thoughts on the panel discussion, she added, “It was an excellent discussion on AIOps, AI at scale, ethical AI, and applicable AI. Benefits are real and so are the challenges. The conversations brought out a lot of learning for all of us.”

The panel discussion ‘Conversational AI’ had some riveting insights on technology’s larger impact in complementing and augmenting human capabilities. The panelists emphasized on solutions powered by conversational AI, which are paving the way for improving the overall experience (TX) to generate transformative business results.

Aman Goel, Co-founder, Cogno AI (Acquired by Exotel) talked extensively about the emerging importance of conversational AI. Aman was quoted saying, “Conversational AI will play an important role in the future of customer engagement. Driven by ever-increasing customer expectations, it has become paramount for businesses to implement a round-the-clock easily scalable solution that can only be supported by machine learning tools. Currently we are at the precipice of chatbot and voicebot technology, with research and new developments in natural language processing and emotional intelligence emerging every day to simulate human-like conversations. We envision a future where AI-enabled support will become a fundamental process in customer engagement, acting as the initial point of contact between a customer and the business. This does not mean that the customer engagement segment will become completely automated by AI. Companies that find the right synergy between human and AI interactions will lead the way in offering successful engagement and support.”

The Tech Talk presentation on ‘Agile AI’ by Prashanth Kaddi, Partner, Deloitte India, was a key component of the conference, emphasizing the importance of AI’s requirement for agility and how it affects the time to market. While commenting on AI-driven solutions, Prashanth commented, “Success of AI-driven solutions and industrializing them is critically dependent on shorter time to market. The best way for enterprises to unlock the power of AI is through pre-built solutions and components that can speed up exploratory data analysis, modelling, and sustenance. Pre-built AI solutions can significantly accelerate solutions to market by crunching the time to market by over 60-70%.”

Some other noteworthy topics were ‘Democratization of AI and the Rise of Low-Code and No-Code Solutions’ highlighted the importance of easy-to-use AI solutions. The organization-wide scope of analytics’ impact was underlined in ‘The Democratization of Analytics.

Other topics include:

  • Rising concerns about ethical and responsible AI
  • Role of AI in making the Metaverse a functional – albeit virtual – reality
  • Designing a future-proof data architecture with data fabric
  • The positive impact of voice technology
  • Cognitive automation and the future of decision

Some of the top speakers who attended the event include:

  • Nitin Mittal, President & Group CTO, Zee Entertainment Enterprises, Ltd.
  • Rucha Nanavati, CIO, Mahindra Group
  • Krishnan Venkateswaran, CDIO, Titan Company Limited
  • Moumita Sarker, Director, Deloitte India
  • Prashanth Kaddi, Partner, Deloitte India
  • Rajgopal Nayak, CTO, Metro Brands Limited
  • Ninad Raje, Director & CIO, Health Assure
  • Souma Das, Managing Director, Alteryx India
  • Gokul Gopalkrishnan, SVP & Business Head, Asia, Uniphore
  • Mallika Haria, SVP – AI SME & Lead, Citi
  • Dinesh Jain, VP & Head Clinical Data Analytics, Max Healthcare
  • Sushil Pathak, Head – Intelligent Process Automation Global CoE, Reckitt
  • Nilotpal Gupta, Head of Data Science, ICICI Securities
  • Amit Purohit, VP & Head of Digital, Aditya Birla Mutual Funds Ltd
  • Soummo Bose, Head of AI, Tata Steel
  • Chiranjoy Chowdhuri, Chief Data and Analytics Officer, Pidilite Industries Limited
  • Surbhi Gupta, Head of Digital, ACC
  • Ashwin Kalamkar, Head of Analytics & COE, Biocon
  • Gaurav Singh, Head – Automation & Projects, Adani Group
  • Lalit Khosa, Director Sales, Exotel
  • Bharat Venkat, Technical Director APAC, Customer Success, Denodo Technologies
  • Dhruv Rastogi, VP & Head of AI, Data Science & Data Engineering, IKS Health
  • Aman Goel, Co-founder, Cogno AI (Acquired by Exotel)
  • Gaurav Agarwal, VP & Managing Director India Region, Automation Anywhere
  • Prashant Hosangadi, Vice President – Business Relationship Management, Worley

“It is needless to say that AI has a huge potential in India. Every industry or sector of the economy is exhibiting encouraging signals of growth when paired with AI. No industry will be immune to the impact of this potent instrument. For individuals who are eager to have an impact on the Indian AI business, the coming years will be very lucrative. We are happy to continue on our mission to showcase the potential of the Indian future-tech market through strategic events like World AI Show,” said Mithun Shetty, CEO, Trescon.

World AI Show Conference partners include:

About World AI Show

World AI Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world. The show features exciting keynotes, enterprise use-case presentations, product showcase, panel discussions and tech talks to discuss the latest challenges arising out of the pandemic situation.

About Trescon

Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base. Trescon is founded and managed by a group of specialists with more than 8 decades of combined expertise in successfully developing business events, trainings and consulting for corporates, governments, associations and high-net-worth individuals across the world. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients.

For further details about the announcement, please contact:

Nupur Aswani
Head – Media, PR and Corporate Communications, Trescon
+91 95559 15156 | media@tresconglobal.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The Legacy of Ottomans returns to India with its 4th edition of India International Furniture Fair (IIFF)

Organised by EFEEXIM, and Managed by Trescon, Supported by Association of Furniture Manufacturers & Traders (AFMT), and Association Partners KreateCube & New Timber Market Dealers Association (Regd.), the 4th edition of the India International Furniture Fair (IIFF) will pave the way for global brands into the Indian market. The three-day exclusive furniture exhibition will take place on 2nd, 3rd & 4th December 2022, at the International Expo Centre in Noida.

Delhi, Dec 1, 2022 – (ACN Newswire) – India’s biggest & most-exclusive furniture fair will see Inegöl Furniture Manufacturers Association along with the cream of the Turkish furniture manufacturing industry, coming together with their Indian counterparts to set footprints into the burgeoning Indian furniture market.

The three-day fair taking place from 2nd, 3rd & 4th December 2022, at the International Expo Centre, Noida, will be open for all visitors for free from 9 AM to 6 PM on all three days. IIFF is an excellent platform for facilitating Turkey-India trade relations and it can play an important role in introducing Turkey’s furniture expertise to the Indian market.

At IIFF, Mr.Osman Aybil Chairman of Inegol Furniture Manufacturer Association, talked at length about the uniqueness of Turkish furniture’s,“Inegöl has two million square meters production area with the highest production technology, 20 thousand specialist persons and more than 2 thousand producer companies in the furniture sector. Inegöl has the capacity to meet about 40 percent of Turkey’s furniture exports and it exports to 150 countries.”

Mr. Oguz Gurdamar, Chairman of Efeexim Fze said, “The designs of the Ottoman Empire had a great influence on the Western world. In the 17th century, Western designers began to use Turkish inspiration in their work. In the 18th century, Europe experienced a craze for all things Turkish. The most well-known Turkish style furniture was the Ottoman which was used in various homes and palaces across Europe. Many Westerners were fascinated by the intricate designs and craftsmanship of Turkish furniture. Today, Turkish furniture is still very popular in the West. What sets us apart from our competitors in Europe and the world is that we make furniture at half the cost without compromising on our very high standards of quality. We see a great potential in India, a fastest-growing major economy, surpassing China in the next 10 years, and IIFF is the platform which will herald our entry into the Indian market.”

IIFF is the most-coveted and recognized furniture show in the country with an estimated 5,000+ pre-approvedphysical buyers expected. Especially for Indian furniture & interior businesses, it is an exclusive opportunity to explore over 50+ brands that meet international standards under one roof. People can also discover newly launched products and innovations in the furniture sector, and get industry previews from market leaders and subject matter experts. All of this makes IIFF an ideal place to explore potential business opportunities and collaborations.

India’s furniture industry, the 14th largest market in the world, is primarily driven by the tourism, hospitality and corporate sectors. The rise of hotels, shops, offices, co-working spaces and e-marketplaces continues to fuel domestic demand for furniture.

The Indian furniture market was worth $17.77 billion in 2020, will surpass $27 billion by 2022 and grow to$37.72 billion by the end of 2026, growing at a double-digit CAGR of 13.37% from 2020 to 2026 is projected to grow.

“In the modern scenario, the finest approach to invent something is to combine skill with technology. It has been a boon for the constantly changing demands of the average consumer and has been well understood by the emerging furniture businesses. The world of furniture will always be timeless, regardless of era. The furniture industry has been fusing traditional style in innovative ways that are more functional. This has been the most significant factor to indulge different classes of people together,” Mithun Shetty, CEO, Trescon Global.

Visitor’s Profile:

  • Importers
  • Marketing Managers
  • Interior Designers
  • Wholesalers
  • Retail Chain Stores
  • Promotional Managers
  • E-Retailers
  • Retailers
  • Institutional Buyers
  • Distributors
  • Traders
  • Bulk Buyers
  • Proprietors
  • General Audience

Product Categories showcased at IIFF:

  • Furniture
  • Carpet
  • Upholstery Fabrics
  • Curtain
  • Lighting

Some of the biggest furniture manufacturers, dealers, importers, exporters, and architects from Turkey & India will grace the IIFF arena. They include:

About Trescon:

Trescon is a global business events and consulting firm specialised in producing highly focused B2B events that connect businesses with opportunities through conferences, road shows, expos, investor connect and consulting services.

For more information visit: https://iiffglobal.com/

For further details about the announcement, please contact:

Nupur Aswani,
Head – Media, PR, and Corporate Communications, Trescon

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Argus Research: Society Pass (Nasdaq: SOPA) Building a Loyalty-Driven E-Commerce Platform in Southeast Asia

SINGAPORE, Dec 1, 2022 – (ACN Newswire) – Argus Research Co ("Argus") issues Equity Research Report on Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), SEA's leading data-driven loyalty, fintech and e-commerce ecosystem.

Click here to view the full Argus Research Co Equity Research Report. https://tinyurl.com/ycxymnxz

Summary Points:

– Compelling fair value valuation. Applying a 4 times revenue multiple to its 2023E revenue run-rate forecast of $60 mn, adjusting for $23 million in net cash and estimating share count of 34 mn at 2023E, Argus arrives at a fair value estimate for SOPA of $7.50 per share.

– Breakout year on year revenue growth in 3Q 2022. 3Q 2022 revenues were $2.1 mn, up from $83,000 in 3Q 2021, reflecting a rapidly accelerating platform rollout.

– Accelerating 2022 and 2023 revenue projections. Argus forecasts 2022 revenues of $7 mn and 2023 revenue of $40 mn, driven by on-line travel booking and digital marketing. Argus forecasts Society Points to accelerate revenue growth with a revenue run rate of $60 mn by 2023E.

– Healthy balance sheet. SoPa had cash of $23.0 mn and shareholders' equity of $27.6 mn.

– Significant onboarding of consumers and merchants. SoPa has amassed more than 3.3 million registered consumers and over 200,000 registered merchants/brands. Argus sees SoPa building critical mass in its user base to support it loyalty program.

– Material revenue generating acquisitions. In 3Q 2022, Society Pass closed 4 acquisitions of consumer-focused businesses, highlighted by Singapore-based Gorilla Networks, a blockchain and web3 technology-enabled mobile telecommunications operator; Thoughtful Media, a Bangkok-based, social media platform; Philippines-based Mangan Group, which offers restaurant delivery services; and Nusa Trip, an Indonesia-based online travel-booking site.

– Society Points loyalty platform rollout. SoPa integrates these diverse businesses by attracting and retaining customers through an open-loop loyalty program, Society Points, which is expected to launch in 1Q 2023. SoPa announced a partnership with CoinSmart to add crypto payments capabilities and integration with Stripe's financial payment infrastructure, which simplifies payment flow, accepts payments in multiple currencies, and features anti-fraud technology.

– Travel Vertical. In August 2022, SoPa acquired NusaTrip, the 1st IATA-accredited Indonesian online travel agency. Leveraging its first-mover advantage among Indonesian corporate and retail customers, NusaTrip has engaged with +80 million unique visitors, and onboarded more than 1.2 million registered users, 500 airlines, and 200,000 hotels globally.

– Digital Marketing Vertical. In July 2022, SoPa acquired Thailand-based Thoughtful Media, a social commerce-focused Multi-Platform Network, which recorded revenues of $5.8 million in 2021 and uploaded over 675,000 videos with over 80 billion video views since 2010. The network of 263 YouTube channels has onboarded over 85 million subscribers. Argus sees digital advertising enhancing Society Points and SoPa ecosystem via data-driven marketing campaigns.

– Food and Beverage Vertical. In July 2022, SoPa acquired Mangan, a Philippines local restaurant delivery service. Mangan has generated +100,000 app downloads and onboarded +500,000 registered consumers, +80,000 social media followers, and +1,200 registered restaurants.

– Telecommunications Vertical. In June 2022, SoPa acquired Singapore-based Gorilla Networks and will incorporate Gorilla's blockchain/web3 technology onto its ecosystem. Consumers can convert unused mobile data into digital assets that can be redeemed for eVouchers or other VAS.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam's leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please check out:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
PRecious Communications

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Smart Digital Retail Philippines is going physical

MANILA, Dec 1, 2022 – (ACN Newswire) – We are excited to announce that the 2023 Edition of Smart Digital Retail will be hosted on February 23rd, 2023 in SMX Convention Center Manila. You can expect to see even more senior profile delegates, more refreshing discussions and discover all redesigning business plans, processes and new technologies that will unlock new ways of running a retail business in the Philippines.

The retail sector in the Philippines has been facing challenging times in the study period, which worsened due to the sudden COVID-19 pandemic. The majority forms of physical retail, including supermarkets and convenience stores, hypermarkets, specialty stores, department stores, and other small and medium store owners around the country, are facing challenges owing to the lockdown and physical distancing measures. Due to the fear of contamination, the state of Philippine retail, and the global economy as a whole, is entering a time of both hope and uncertainty. As countries continue to recover from the COVID-19 pandemic, there's been a concerted push to return to "normal."

To mitigate the disruption caused by this crisis, Philippine retailers need to have a window of opportunity to reinvent their customer experience to meet consumer expectations. Technology is a vital tool that will enable businesses to enhance engagement through both online and physical channels. The transition will require a shift toward a more fully integrated technology ecosystem that can evolve future value propositions. Retailers are already recognizing the importance of technology to their operations, but fully seizing the opportunity will require a distinct retail strategy that incorporates greater partnership collaboration and investment in emerging tech.

This event will cover the redesigning business plans, processes and new technologies that will unlock new ways of running a retail business in the Philippines. Key topics including:

– Consumer behavior change
– Retail performance in the Philippines
– Digital commerce and omnichannel
– Overcoming disruption for resilient supply chains in the future
– The new retail experience through technology
– Retail stores: a shift to digital, experiential shopping
– New approach to workforce empowerment
– Contactless Payments & Autonomous Shopping
– Exploring the Philippine BNPL landscape
– The rise of chatbots and voice commerce
– AI, robotics, and VR will soon dominate retail: welcome to retail 2.0
– Metaverse for the future of retail

With Smart Digital Retail Philippines, we will be looking at the challenges that are impacting the Philippine retail industry to create improved consumer experiences and more efficient creation. That said, this where all the leading retail companies and technology innovators meet and brainstorm in creating a sophisticated product development and present practical solutions that enable retailers and brands to stay relevant in these difficult times, connect with decision makers and enable the creation of new business opportunities.

For sponsorship and speaking engagement, please contact our event director at management@smartdigitalretail.com or visit our event website at www.smartdigitalretail.com.

Don't miss the opportunity to be a part of the biggest event in the Philippine retail ecosystem! Witness how we gather all of the leading experts in the industry and share their thoughts and insights with very timely topics.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Fully Charged Wuling Motors Sets Sail On Completion of the Restructuring of New Energy Business

HONG KONG, Dec 1, 2022 – (ACN Newswire) – It was recently known to us that Wuling Motors (00305. HK) had completed the capital increase into Wuling New Energy. Wuling Motors, capitalized from the restructuring as an important participant, will expedite its in-depth deployment in the field of new energy vehicles in promoting a robust and comprehensive development in the new energy business.

After the restructuring, Wuling New Energy would integrate the resources from the group companies of Wuling Motors and focuses on R&D, manufacturing, and sales of new energy vehicles. According to public information, Wuling New Energy has a respectable performance in the domestic market. At present, it has the second-largest market share in the market segment of new energy logistics vehicles. The plug-in hybrid new model G200, for the commercial and multi-purpose segment market, is expected to be launched in early 2023. As regards the international market, Wuling New Energy also performs well. On 2 September 2022, Wuling New Energy delivered a pure electric logistics vehicle prototype to Japanese clients and successfully entered into agreement for mass production. The pure electric logistics vehicle is expected to commence mass production by the end of April 2023 with a target sale volume of 100,000 vehicles in five years.

Not long after Wuling New Energy appears in the public eye, good news continues to come out. It can be seen that the integration of prime assets and resources has given Wuling New Energy a solid operating foundation. Relevant resources revealed that Wuling New Energy products have already developed a product pipeline with a batch of products being launched or ready to be launched to the market, a batch of products under research and development, and a batch of products under the design and planning process. In essence, a spectrum plan of products has been initially constructed, which could allow Wuling New Energy to capture the tremendous future market potential under this promising environment for the new energy vehicle industry.

It is worth mentioning that, according to the Letter of Intent relating to the capital injection project to Wuling New Energy released in December 2021, Wuling Motors has intention to become the controlling shareholder of Wuling New Energy by further capital increaser based on its development. Given that Wuling Motors and Wuling New Energy are both subsidiaries of the Guangxi Automobile Group, the development would be sensible if further capital increase can bring long-term benefits to both parties. Overall, with the ample business opportunities provided by the new energy vehicle business, the close cooperation between Wuling Motors and Wuling New Energy in promoting business bestowed upon their own strengths and capabilities will be beneficial to the business operation and development of both. It can be expected that the better Wuling New Energy develops, the more opportunities and sustainable benefits Wuling Motors can enjoy.

Indeed, since Wuling Motors announced its restructuring plan in December 2021, it has attracted great attention from the market. According to the relevant news, a smooth kick start of the operation of Wuling New Energy would bring about favourable market responses, which in turn would benefit Wuling Motors from realizing its business strategic layout with promising growth potential. Furthermore, completion of the restructuring would also allow Wuling Motors Industrial Company Limited to transfer the related R&D expenditure on new energy vehicles to Wuling New Energy, from which the R&D costs would be substantially reduced and resources and energy could be more effectively deployed in developing more competitive core component products. At the same time, Wuling Motors Industrial, being a strategic key supplier to Wuling New Energy, together with its keeping of the export business will continue to serve as a solid and steady growth driver in contributing to the business performance of Wuling Motors.

Essentially, Wuling Motors has already actively expanded the new energy parts industry, including various types of new energy electric rear axles, motors, electronic controls, hybrid power systems, and other products. Sales volume of electric motors and electronic controls has just exceeded the volume of 10,000 units. Recently, Wuling Motors Industrial has also celebrated the milestone of the production of the one-millionth car-axle component for new-energy vehicle, impressively making it the first enterprise in China in reaching the 1,000,000 units of the miniature integral electric rear axle in less than three years period. In terms of hybrid-power systems, Wuling Motors has successfully developed its hybrid power system products for new energy vehicles, achieving a reduction in fuel consumption of more than or equal to 30% as compared with the same type of traditional fuel power vehicles. The high thermal efficiency Atkinson engine was first mass-produced in April this year, and shortly after the high-efficiency and cost-effective HEV hybrid powertrain was also mass-produced in June, which signified an important step in the transformation and upgrades from traditional fuel vehicle power to new energy vehicle hybrid power. It can be seen the profound R&D and innovation capabilities and strong production and manufacturing capabilities of Wuling Motors would undoubtedly enable it to become a key and well-deserved strategic supplier to Wuling New Energy.

The participation of Wuling Motors in the restructuring of Wuling New Energy has not only accelerated the strategic layout of the new energy vehicle field, but also allows Wuling Motors to be more focus on the research and development of automotive components for the new energy vehicles, which represents virtually a full coverage of the entire industry chain of new energy vehicles.

Wuling New Energy is now integrated with the prime assets and resources of the group companies of Wuling Motors for enhancing its strengths in the field of new energy vehicles, while the re-positioned Wuling Motors in the new energy business segment is also fully charged with power. The road ahead could be a new era of growth and development. On the back of the favourable government policies with huge market opportunities for grasping, we would wait and see whether Wuling Motors can be succeeded in beating the targets when turning this corner of the race track.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Blockpass Introduces 1st Unhosted Wallet KYC Solution in the Crypto Sector

HONG KONG, Dec 1, 2022 – (ACN Newswire) – Blockpass, the identity verification provider, is excited to announce a vital new service being launched to help businesses conform to new regulatory standards. With the release of Unhosted Wallet KYC(TM), companies are able to remain compliant with new regulatory laws that are coming into play globally in 2023.

Unhosted or 'non-custodial' wallets are those for which individuals, rather than financial organizations, control the keys. Whilst many prefer to keep control over their own wallets given the variety of issues with businesses such as exchanges or trading platforms hosting them over the years, there is an inherent risk that those trading with them are involved with fraudulent activity, terrorist financing or other illicit activities. To combat this, regulators around the world are developing requirements for unhosted wallets to pass through KYC controls and prove that they own the wallet. The world of crypto is going to be different, more regulated than ever from 2023 forwards. To ensure our current and potential customers are ready for it, Blockpass has developed and now released the very first Unhosted Wallet KYC solution, able to be implemented quickly and seamlessly to allow business customers to prove that user withdrawals to unhosted wallets are compliant.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users. Currently, with around one million verified user identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to get access to users, including those with unhosted wallets, with reusable digital identity profiles.

"The increasing trend of cryptocurrency regulation is something we've always known was coming and welcomed in order to see a stronger and more widely accepted crypto market." said Adam Vaziri, Blockpass CEO. "We've been closely monitoring the state of regulations worldwide in order to prepare, adapt and develop our products to meet or exceed upcoming regulatory standards before they impact businesses. We make sure everyone has time to adjust to new requirements."

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations and legal developments have led to a surge in interest for Blockpass' On-chain KYC(R), the only live zero knowledge solution for Crypto KYC, and Unhosted Wallet KYC solution finally enabling blockchains and DeFi platforms to have a compliance layer. Through its work with Animoca Brands from early 2022, Blockpass provides a zero knowledge KYC service where the delivery of the verification result is provably sent and shown on a blockchain without sharing the underlying data. This represents a significant step towards the future Blockpass hopes to bring about where identity verification can be proved without revealing any personal information at all.

About Blockpass

Blockpass is building trust in the Crypto Economy by providing..
– A home for all your Crypto KYC needs – KYC & AML for DeFi, exchanges & blockchains, Travel Rule provision for regulated VASPs, and blockchain forensics.
– A decentralized network of around one million crypto enthusiasts with portable KYC profiles and around one thousand business customers.
– The fastest, most affordable, fully stacked KYC & AML screening in the Crypto sector.
– The first and only KYC & AML "Crypto Travel Rule" solution for unhosted wallets.

In 2021, Blockpass was invited to enter the Cohort 7 of the UK Financial Conduct Authority Sandbox to offer a pilot our solutions for the UK market. Blockpass also introduced the On-chain KYC(R) solution that enables customers to access zero-knowledge verification of users so they can access provably completed verifications and adhere to standards without seeing the underpinning data. In 2022, Animoca Brands and Yuga Labs utilized On-chain KYC(R) when they verified over 150,000 users in the $320 million Otherside NFT sale – the largest to date in Crypto sector history.

The Blockpass App is available from the App Store and Google Play.

For more information and updates:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com