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NEW YORK, Mar 7, 2024 – (ACN Newswire) – Human resources service markets have rebounded significantly worldwide since the recovery of post-COVID era. In China alone, with more than 63,000 human resources service agencies generating a total operating revenue of RMB2.5 trillion and the markets are still growing at rates in high-teens, these present immense market opportunities for technology-driven human capital management service companies like Lucas GC Limited (the “Company” or “Lucas”) (NASDAQ: LGCL).
According to market research firm Frost and Sullivan, Lucas is the largest technology-driven online agency-centric human resources management service provider in China based on PaaS. It was listed at USD 4.00 per share. The Company has achieved significant growth in revenue and net profit by effectively combining AI technology with traditional industries. The investment highlights of this Company are seldom observed in recent IPO stocks on NASDAQ: Its revenue has surpassed $200 million, with an annual growth rate exceeding 100%. Moreover, it has achieved four consecutive profitable years in the red-hot AI sector where most companies are struggle to make a profit.
Lucas Builds Competitive Advantages
Driven by Technology in an Evolving Landscape
Powered by 16 U.S. and China granted patents in core Artificial Intelligence, Data Analytics and Blockchain technologies, and 70 registered software copyrights, with 6 GPT-related patents granted and another 10 patents pending, Lucas is considered the technological leader in the industry and was awarded “Technologically Advanced Small and Medium-sized Enterprises” by the Ministry of Industry and Information Technology of China in 2022.
Lucas has successfully incorporated its core technologies, particularly in AIGC and GPT, into operations resulting in achieving double revenue growth in 2023. By integrating AIGC and GPT technologies into the PaaS platform, Lucas seamlessly combines scenarios such as resume screening, job matching, video interviews, and candidate consultations with AI, thereby enabling more efficient data processing and candidate matching, reducing operating costs, improving efficiency, and ultimately increasing user stickiness and satisfaction.
In order to sustain its technological leadership, particularly in AIGC and GPT areas, Lucas plans to establish an R&D center in the U.S., which should further solidify Lucas’ leadership in AI technology for improvements on the efficiency of operations leading to continuing achieving revenue and profit growths above the industry averages.
Using Technology to Embrace ESG and Build Brand Awareness
One of Lucas’ corporate missions is to help women, particularly those from a disadvantaged background, obtain an equal level playing field in their careers. By utilizing patents in Artificial Intelligence, Data Analytics and Blockchain technologies, Lucas is actively addressing the gender pay gap in STEM (Science, Technology, Engineering, and Mathematics) -related industries, where the pay gap between male and female employees in similar positions may exceed 10%. Employing a four-pronged approach, including AI-based Personalized Job Push to Female Members, Neutralized Gender-related Content, Online Test, and Chatbot Voice Interview, Lucas strives to offer a level playing field for female candidates via innovative technologies while reducing discrimination and gender bias in hiring and organizational processes.
Environmental, social, and corporate governance (ESG) always plays an imperative role in Lucas’ corporate culture. Not only does Lucas incorporate ESG principles into business operations and innovations but they’re also guiding principles for Lucas’ corporate values. Lucas’ ESG initiatives include the Certified Career Resources Planner (CCRP) certification program which aims to provide users with training on human resources-related skills, labor law and financial knowledge so that the users, particular women, can make a decent earning at a level playing field with all other users. This has boosted Lucas’ brand awareness on the market and enhanced stickiness among users.
To further enhance its initiatives in ESG, Lucas has recently formed a partnership with Jilin University, one of the most prestigious universities in China, to continue to develop comprehensive solutions to tackle inequality and facilitate career developments of women in the technology, media, and telecom industry.
ESG has gained significant prominence in the field of corporate sustainability in recent years. A robust ESG development strategy is essential for organizations to effectively realize their social value. As a leading AI-driven PaaS provider with ESG in its corporate DNA, Lucas places particular emphasis on supporting women’s career development on the job market with its cutting-edge technologies. By utilizing its extensive expertise and technological capabilities, Lucas strives to achieve sustainable growth with ESG compliance.
SINGAPORE, Mar 7, 2024 – (ACN Newswire) – Organised by Informa Markets, the inaugural Asia Photonics Expo (APE), is successfully launched at Sands Expo and Convention Centre in Singapore on the opening day. With an exhibition area of 15,000㎡, APE 2024 attracted 350 international exhibitors showcasing a wide range of sectors including optical communication, optics, lasers, infrared, sensing, and displays. It provides a comprehensive platform for business, technology exchange, and networking, enabling industry professionals to engage in meaningful discussions with leading companies and experts. APE 2024 aims to promote in-depth communication and business collaboration between professionals in the photonics ecosystem.
The Opening Ceremony of APE 2024
The opening ceremony of APE 2024 attracted numerous distinguished guests and industry professionals. Notable speakers included Mr. Yang Xiancheng, Founder and Executive President of China International Optoelectronic Expo (CIOE), Mr. Sukumar Verma, Managing Director, Informa Markets Singapore, Prof. Tjin Swee Chuan, Chairman of LUX Photonics Consortium, Dr. Prof. Yuhong Bai, Director of Light: Science & Applications, Mr. Perry Shum, President of IEEE Photonics Society, and Mr. Carlos Lee, Director General of European Photonics Industry Consortium.
On behalf of the organiser, Mr. Sukumar Verma shared: “Asia Photonics Expo is reflective not only of the strength of the local industry, but also the interest from international markets to come explore partnership and investment opportunities in Singapore and the wider Southeast Asia region. The trade show is further complemented by a range of industry conferences, academic forums and seminars for knowledge and networking.”
Mr. Sukumar Verma, Managing Director, Informa Markets Singapore
Echoing this, Prof Tjin Swee Chuan, Chairman, LUX Photonics Consortium said:” It is very heartening to have the first trade show for Photonics industry held in Singapore. This is especially significant for LUX Photonics Consortium where we have been focusing our effort to bring together a very engaging networking platform for both research, academia and industry locally to discuss, exchange and collaborate for novel photonics technologies adoption by industry.”
Prof. Tjin Swee Chuan, Chairman of LUX Photonics Consortium
Adding on, Dr. Prof. Yuhong Bai, Director of Light: Science & Applications said: “The Asia Photonics Expo provides exhibition for worldwide optics and photonics enterprises, in particular showcasing the growth of Asian industry. Beyond exhibition, it is also a superior platform for learning, discovering and collaborating.”
Dr. Prof. Yuhong Bai, Director of Light: Science & Applications
Mr. Perry Shum, President of IEEE Photonics Society highlighted the importance of Singapore as a symbol of progress and connectivity: “It is here, in the heart of Asia, where the seeds of the photonics revolution take root and flourish. This expo transcends mere technological showcase; it stands as a crucible for collaboration and a catalyst for transformative innovation.”
Mr. Perry Shum, President of IEEE Photonics Society
Mr. Carlos Lee, Director General of European Photonics Industry Consortium expressed in his speech that: “APE is a comprehensive platform catering to the photonics industry and application fields. I hope APE is able to facilitate global exchange and collaboration in photonics technology, driving progress and innovation in the global photonics industry.”
Mr. Carlos Lee, Director General of European Photonics Industry Consortium
During the exhibition, APE will also hold a series of site tours for visitors to experience local photonics research and innovation centres. These events provide participants with opportunities to engage and stay updated on the latest trends and market opportunities in the photonics industry.
The success of APE 2024 will further stimulate growth in Asia’s photonics industry and open up new prospects for the future. It breathes new life into the photonics industry, and we eagerly anticipate more innovations and collaborations that will drive the industry towards a brighter future.
About Asia Photonics Expo
Organised by Informa Markets – the world’s leading tradeshow organiser, Asia Photonics Expo (APE) holds at Sands Expo and Convention Centre in Singapore from 6 to 8 March 2024. APE will focus on the latest cutting-edge innovative technologies and the emerging application markets in Asia, aiming to promote the in-depth communication and business collaboration between the photonics upstream and downstream professionals. It will cover the entire optoelectronic ecosystem to showcase the latest products in optical communication, precision optics, laser, infrared, sensor, and display fields, targeting the top-notched optoelectronic innovative technologies and solutions of nine major application areas in optical communication/information processing and storage, consumer electronics, advanced manufacturing, surveillance and security, semiconductor processing, energy, sensing and measurement, lighting and display, and medical. APE is the one-stop sourcing platform for industry players to find new products and technologies and follow market trends.
With an exhibition area of 15,000 square meters, APE is expected to attract 350 enterprises, and more than 5,000 visitors to attend the show. As a significant event in the Asian photonics industry, APE also features a diverse range of conferences and activities, including the Asia Light Conference, The Asia Photonics Industry Development Forum, PHOTONICS @ SG 2024 Conference and many more.
LONDON, Mar 7, 2024 – (ACN Newswire) – The ICE London event at ExCeL London on February 6th, 2024, was taken to another level when West Ham United players Kurt Zouma, Tomas Soucek, and Angelo Ogbonna made a special appearance at the Jeton booth, West Ham United’s official e-Wallet Partner. Enthusiastic football fans flocked to the booth, with numerous attendees queuing hours before the footballer’s arrival in anticipation of this opportunity to connect with their favourite Premier League stars.
The Jeton booth was a whirlwind of energy, alive with the vibrant enthusiasm of fans eagerly awaiting to say hello to their beloved West Ham United players. Excitement and cheers filled the air as the footballers graciously interacted with their admirers, signing autographs with smiles as bright as stadium lights, posing for countless photos, and even chatting with their devoted supporters. From capturing videos to show friends to having players send greetings to loved ones, the atmosphere at the Jeton booth was filled with joy and enthusiasm.
A representative from Jeton expressed their excitement about hosting this memorable experience for West Ham United fans at ICE London. “We’ve dedicated significant time and effort to crafting this experience. We wanted to provide a unique and memorable experience for football fans. And as an exhibitor, we also wanted to contribute to the electrifying atmosphere of ICE London. The presence of Kurt Zouma, Tomas Soucek, and Angelo Ogbonna greatly enhanced the event’s lively atmosphere, and we are incredibly proud to see how many attendees left our booth happy and excited. Today will be memorable for us, too, just as it is for the West Ham United fans, as it signifies the realisation of one of our primary goals in this partnership: creating memorable experiences.”
The ongoing partnership between Jeton and West Ham United is driven by one main goal: connecting with fans authentically and meaningfully. Together, they’re committed to crafting unforgettable experiences for supporters and Jeton users. By working hand in hand, Jeton and West Ham United aspire to create moments that fans will cherish for years.
About Jeton
Jeton Wallet provides a wide range of financial solutions for online and offline purchases. For more information, please visit www.jeton.com.
LOS ANGELES, CA, Mar 7, 2024 – (ACN Newswire) – Pacific Avenue Capital Partners (“Pacific Avenue”), a Los Angeles-based private equity firm focused on corporate carve-outs and other complex transactions in the middle market, is excited to announce the signing of a put option agreement to acquire Sogefi Filtration S.A. and Sogefi USA Inc. (collectively, the “Filtration Business Unit” or the “Company”) from Milan-based Sogefi S.p.A. (“Sogefi”). The Filtration Business Unit is a leading manufacturer of vehicle filtration components and systems serving both the automotive aftermarket and Original Equipment (“OE”) customers globally. The Company operates 11 manufacturing facilities across seven countries (France, United States, India, Slovenia, Italy, Morocco, and the United Kingdom), two main distribution hubs in France and Poland, and two regional distribution hubs in the United Kingdom and Spain. The Company has extensive relationships with leading aftermarket distributors and blue-chip OEMs. In 2023, the Company generated over $600 million of revenue and more than $100 million of adjusted EBITDA.
Under Pacific Avenue’s stewardship, the Company will focus its efforts on meeting the needs of its customers and on executing several growth initiatives tied to its aftermarket business and the long-term transition to electric vehicles.
“We are thrilled about the acquisition of Sogefi’s Filtration Business Unit. With strong OEM and aftermarket businesses, this is a great addition to our growing portfolio. Additionally, due to its investment in R&D and longstanding customer relationships, the Company is well-positioned to support OEMs in the transition to electrical vehicles. Given the significant scale of the business, it will act as an excellent platform to build a global filtration leader through future add-on M&A and organic growth.”
Chris Sznewajs, Founder and Managing Partner of Pacific Avenue
The sale and purchase agreement signing can take place after the France works counsel consultation process is complete and the put option agreement is exercised by Sogefi. The transaction is expected to close in Q2 or early Q3 2024. Upon closing, the Company will operate under the name “Purflux Group.” Julien Grange will remain CEO of the Company.
“The Purflux team is excited to partner with Pacific Avenue to unlock the next phase of growth. We remain committed to delivering best-in-class, high-performance products and service to our world-class customers. We look forward to continuing our legacy of being a leader and innovator in the filtration industry.”
Julien Grange, CEO of Sogefi Filtration
The acquisition of Sogefi Filtration is another example of Pacific Avenue’s ability to partner with corporate sellers, whether international or domestic, to successfully execute complex carve-outs of non-core business units across a wide variety of industries.
“This is an exciting acquisition for Pacific as we continue to expand into Europe. Pacific Avenue has positioned itself as a trusted partner to corporate sellers globally ensuring seamless transitions regardless of transaction complexity.”
Chris Sznewajs, Founder and Managing Partner of Pacific Avenue
Pacific Avenue was advised by Robert W. Baird & Co. Inc., Weil, Gotshal & Manges LLP and Legance – Avvocati Associati. J.P. Morgan Securities acted as the lead arranger for the financing.
Sogefi was advised by Houlihan Lokey, Inc. and Clifford Chance LLP.
About Pacific Avenue Capital Partners
Pacific Avenue Capital Partners is a Los Angeles-based private equity firm focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. The members of the Pacific Avenue team have closed 90 transactions, including over 40 corporate divestitures, across a multitude of industries throughout their combined careers. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has more than $1.2B of Asset Under Management (AUM). For more information, please visit www.pacificavenuecapital.com.
About Sogefi S.p.A.
Sogefi S.p.A. is a Milan-based supplier of original parts for the automotive industry globally. Sogefi designs, develops, and produces filtration systems, flexible suspension components, and air management and cooling systems. Through its strong commitment to research, Sogefi continuously improves its components with technological developments across all product sectors, optimizing performance in terms of life cycle, effectiveness, size, weight, and environmental compatibility. For more information, please visit https://www.sogefigroup.com/en/index.html.
SEATTLE, WA, Mar 7, 2024 – (ACN Newswire) – Moxy.io, a blockchain powered tournament platform and infrastructure provider in the competitive gaming and web3 space, has officially announced a strategic investment from GDA Capital, a leading global digital asset and blockchain investment and capital markets advisory firm. This investment marks a significant milestone for Moxy, as Michael Gord, Founder and CEO of GDA Capital, will also be joining their team as the Head of Web3.
Michael Gord’s appointment is a testament to the depth of GDA Capital’s involvement in Moxy’s future. Gord, a seasoned web3 entrepreneur and investor in the blockchain community, brings a wealth of experience and a vast network of international industry connections to Moxy. His leadership is expected to drive Moxy’s Web3 initiatives, positioning the platform at the forefront of blockchain innovation and adoption.
This collaboration between GDA Capital and Moxy is built on a shared vision of accelerating the development and adoption of blockchain technologies in the competitive gaming industry, through the use of Moxy’s technology infrastructure. By leveraging GDA Capital’s extensive expertise in digital assets and capital markets, along with Moxy’s innovative and scalable solutions for reward based competitive gaming, this partnership is set to deliver groundbreaking advancements to the gaming and web3 industries.
“We are thrilled to partner with Moxy and welcome Michael Gord to the team. His expertise in blockchain technology and his visionary leadership are invaluable assets that will undoubtedly propel our Web3 initiatives to new heights,” said Matt DeFouw, CEO/Founder of Moxy.
“I am honored to join Moxy as the Head of Web3, in addition to making a strategic investment from GDA Capital. This role not only aligns with my passion for blockchain technology but also offers an unparalleled opportunity to drive the evolution of gaming, an industry ripe for disruption and that is a primary catalyst accelerating the mainstream adoption of digital assets by the masses. Together, we’re poised to unlock new possibilities in competitive gaming, setting new benchmarks for innovation and adoption across the industry,” said Michael Gord.
About GDA Capital
GDA Capital is a leading global investment firm focused on digital assets and blockchain technology. With a diverse portfolio of investments and a strong track record of success, we provide capital markets advisory services, capital formation, asset management and global go to market solutions to clients worldwide. Our team is comprised of seasoned professionals with deep expertise in finance, technology, growth strategies and blockchain innovation. For more information, visit https://gda.capital.
About Moxy
Moxy is a pioneering video game tournament platform at the intersection of competitive gaming and web3 blockchain technology. Moxy offers a competitive and rewarding gaming environment, featuring tournaments powered by the $MOXY token, providing both traditional and blockchain gamers with a unique, web3 esport experience and real reward ecosystem. With a commitment to expanding the gaming ecosystem, $MOXY token ecosystem, and bringing tangible $MOXY rewards to skilled game players, Moxy is redefining competitive gaming for the quickly growing web3 industry. For more information about Moxy and its initiatives, visit https://moxy.io.
For more information, please contact: Plato Data Intelligence 144 E44th St New York NY 10017 PlatoAiStream.com Zephyr@platodata.io
HONG KONG, Mar 6, 2024 – (ACN Newswire) – Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2023. TTI delivered US$13.7 billion of sales in 2023, up 3.6% in reported growth and 3.9% in local currency. Both the MILWAUKEE and our Consumer group of businesses gained momentum in the second half of 2023.
— TTI delivered record free cash flow of US$1.3 billion while outperforming the market in sales growth and profit generation
— Our Flagship MILWAUKEE business grew sales 10.7% in local currency
— We improved Gross Margin for the 15th consecutive year to 39.5%, a 14 bps increase, while cutting inventory US$987 million versus last year
Financial Performance Highlights for 2023
2023*
US$’
million
2022
US$’
million
Changes
Revenue
13,731
13,254
+3.6%
Gross profit margin
39.5%
39.3%
+14bps
EBIT
1,135
1,201
(5.5%)
Profit attributable to Owners of the Company
976
1,077
(9.4%)
Basic earnings per share (US cents)
53.36
58.86
(9.3%)
Free Cash Flow
1,281
329
+952m
Dividend per share (approx. US cents)
24.84
23.81
+4.3%
*For the year ended December 31, 2023
Gross margin improved 14 bps to 39.5% in 2023. This gross margin improvement is highly encouraging given the significant US$987 million inventory reduction versus last year. EBIT was at US$1.1 billion, 5.5% lower than 2022. In the second half of 2023, EBIT improved to US$575 million, a 1.1% increase versus the second half of 2022. TTI delivered US$976 million of net profit. The decline of 9.4% versus last year was partially driven by significant increases in interest rates over the period, resulting in higher interest expense. Earnings per share also declined 9.3% to US53.36 cents. Working capital as a percent of sales improved from 21.2% last year to 17.7% in 2023. This reduction in working capital helped drive record free cash flow of US$1.3 billion for the year and the Group is well positioned to deliver strong free cash flow in 2024 and the future.
The TTI Power Equipment segment delivered sales of US$12.8 billion in 2023, up 3.8% in reported currency and up 4.1% in local currency. MILWAUKEE delivered 10.7% full year sales growth in local currency, improving to 12.7% local currency growth in the second half, versus 8.7% in the first half. Our Consumer group of businesses also delivered positive sales growth in the second half and are well positioned to continue gaining traction in 2024. Our Floorcare and Cleaning business delivered sales growth in 2023 of 1.5% in local currency to US$937 million and profit increased US$65.3 million versus last year to US$27.2 million.
The Board is recommending a final dividend of HK98.00 cents (approximately US12.61 cents) per share. Together, with the interim dividend of HK95.00 cents (approximately US12.23 cents) per share, this will result in a full-year dividend of HK193.00 cents (approximately US24.84 cents) per share.
Mr. Horst Pudwill, Chairman of TTI, said, “TTI is poised for continued market outperformance in 2024. We are relentlessly focused on developing innovative cordless products with advanced electronics, cutting-edge motor technology, and artificial intelligence. With a healthy balance sheet, solid cash position, and strong growth outlook, we look forward to 2024 with confidence.”
Mr. Joseph Galli, CEO of TTI, commented, “Our exceptional results over the past fifteen years have consistently surpassed overall market performance. 2024 will be no exception, as we are poised to outperform the market yet again. Our strength in cordless innovation, new product development, operational excellence, and in-field marketing initiatives are unparalleled in the industry and give TTI an unassailable competitive advantage.”
Forward-Looking Statements
This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI’s views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement.
About TTI
TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the DIY, consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence – reflecting an expansive long-term vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries while maintaining high environmental, social and corporate governance standards. TTI’s powerful brand portfolio includes MILWAUKEE, RYOBI and AEG power tools, accessories and hand tools, RYOBI outdoor products, EMPIRE layout and measuring products, and HOOVER, VAX, DIRT DEVIL and ORECK floorcare cleaning products and solutions.
Founded in 1985 and listed on The Stock Exchange of Hong Kong Limited in 1990, TTI is one of the constituent stocks of the Hang Seng Index, Hang Seng Corporate Sustainability Benchmark Index, FTSE RAFI(TM) All-World 3000 Index, FTSE4Good Developed Index, and MSCI ACWI Index. The Company also trades on the OTCQX Best Market under the symbols “TTNDY” and “TTNDF”. For more information, please visit www.ttigroup.com.
All trademarks listed other than AEG, OTCQX, and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. OTCQX is a registered trademark of OTC Markets Group Inc. RYOBI is a registered trademark of Ryobi Limited, and is used under license.
Mountain View, Calif, & Mumbai, India, Mar 6, 2024 – (ACN Newswire) – CleverTap, the all-in-one engagement platform, today launched the eCommerce edition of its Art of Emoji Report, with a view to demonstrate which emojis are the most common, which ones work best, and which to avoid. Since inception in 1998, emojis have been a very effective medium of communicating tone, subtext, irony, among other things plain text cannot. According to the Emojipedia Annual Report 2023, there was a remarkable 77% YoY surge in emoji usage.
Today, brands have discovered the immense value in emojis, with 60% of global push notifications containing them. The CleverTap Art of Emoji report found that notifications containing emojis drive a staggering 12% higher click-through rate compared to those without. Therefore, brands see them as a persuasive and accessible tool to build more meaningful connections with their customers.
CleverTap analyzed 10 billion data points across 40 million push notifications sent by eCommerce platforms globally, to understand customer preferences, the impact of emojis, and how marketers are using them. It found that regardless of region, eCommerce brands incorporate only 20% of the best-performing emojis in their messages; while in some regions, up to 30% of the most used emojis are underperformers.
To help marketers better engage customers via emojis, the report breaks down the performance of various emojis by region—outlining the most commonly used ones, the best-performing ones, and the ones to avoid. Below are a few examples from within the report:
From a quirky novelty to a mainstay on any device, emojis have come such a long way. They have ingrained themselves into the fabric of modern communication and helped us convey so much more than if we were only limited to text.
“Emojis are a potent tool at the disposal of any marketer that, when used well, can instantly make a message feel alive. But, just like personal communications, using it anywhere and everywhere would disorient the recipient.” said Jacob Joseph, VP – Data Science, CleverTap. “Marketers must experiment with various emojis, see what works best for their target audience, but use it only when it’s contextually relevant. Else it may lose its potency. Remember, you want to keep things fresh, relatable and most importantly, culturally sensitive when it comes to deploying such a persuasive tool within your marketing toolbox.”
Speaking on the future of emojis in customer engagement, Jacob added, “With advancements within MarTech, brands will be able to hyper-personalize this experience by honing in on which emojis work best with individual users. Eventually, emojis will be dynamically adjustable based on the sentiment and context of the conversation, thus enhancing the emotional depth of communication. Alongside, more ubiquitous integrations of emojis with AR/VR (such as Apple Animojis) will allow customers to express themselves more vividly within immersive environments. It could redefine the way customers interact with products and services, enhancing their overall shopping experiences.”
About CleverTap
CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.
The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.
Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, and Jakarta.
At CleverTap, we understand that mastering the art of engaging with customers is a continuously advancing journey. That’s why we’ve created ‘Elevate’—our pioneering thought leadership program designed to inspire and guide today’s marketers through the known unknowns and into the depths of the unobvious. ‘Elevate’ is a nexus of insights, thoughts, and perspectives, bringing together in-depth research, expert points of view, and engaging content to empower brands to navigate the technological paradigm and make informed decisions about their customer engagement strategies.
‘Elevate’ is where curiosity meets clarity, offering forward-thinking perspectives from CleverTap’s thought leaders and from across the industry, building towards meaningful customer engagement.
Together, let’s turn insights into action, thoughts into campaigns, and perspectives into pathways to unparalleled customer experiences.
We invite you to join us on the journey to elevate customer engagement. Stay connected with CleverTap Elevate through our blog, webinars, and social media channels for the latest insights, research, and thought leadership. Let’s unlock the power of true customer engagement, together.
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
For more information: SONY SHETTY Director, Public Relations, CleverTap +91 9820900036 sony@clevertap.com
KUALA LUMPUR, Mar 6, 2024 – (ACN Newswire) – Organisers of the PropertyGuru Asia Awards Malaysia in partnership with iProperty today unveiled new dates and details for the programme’s 2024 edition during an exclusive gathering attended by business leaders.
Malaysia’s finest development companies and real estate projects are set be honoured at the celebration of the 11th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty on Friday, 25 October 2024. Around 400 executives and senior professionals are expected to be in attendance at the highly anticipated awards presentation and gala dinner in Kuala Lumpur.
Entries are now accepted via awards.propertyguru.com until 31 May 2024. With a professionally run and supervised judging system, an independent panel of experts will provide their fair, credible perspectives on entrants during the Live Judging Days, set for July 2024.
Consumers in Malaysia will also get the opportunity to voice their preferences through the People’s Choice Awards. For a limited period in July, property seekers will be able to vote for their favourite developers to win the Awards, showcasing the pulse of the Malaysian consumers.
(left to right: Jules Kay, Angela Ong – Head of Sales & Marketing from Malton Berhad, Datuk Zaini Yusoff – Chief Operating Officer from SP Setia Berhad, Kenny Wong (Chief Marketing Officer) from UEM Sunrise, Sheldon Fernandez)(left to right: Tong Chee Leng (PropertyGuru), Grace Tan (PropertyGuru), Ashraf Othman- Group Director from JL Projects Sdn Bhd)Entries are now accepted via awards.propertyguru.com until 31 May 2024
Key dates for the 2024 edition: 31 May 2024 – Entries close 1-14 July 2024 – People’s Choice Awards voting period 15-17 July 2024 – Live Judging Days 25 October 2024 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia 13 December 2024 – Regional Grand Final Gala Presentation in Bangkok, Thailand
Championing ESG
This year’s Awards hold special significance as they introduce five new categories recognising achievements in ESG: Low Carbon Champion, Energy Efficient Champion, Sustainable Design Champion, Sustainable Construction Champion, and Social Impact Champion.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are delighted to distinguish the finest real estate in Malaysia across a broad spectrum of categories this year. Supported by the leading property portals in Malaysia, PropertyGuru.com.my and iProperty.com.my, the Awards have expanded in 2024 to include new categories, honouring the property developers that are championing environmental, social, and corporate governance (ESG) throughout the country. These accolades acknowledge the sustainability endeavours and positive impact of premier developers, in line with Malaysia’s push towards attaining the 2030 Sustainable Development Goals. Our Awards not only set the Gold Standard of real estate but also elevate the industry’s commitment to environmental, social, and corporate responsibility, leading to a better future for stakeholders in the property sector.”
The inclusion of the new categories coincides with GreenRE and Malaysia Green Building Council’s (MGBC) appointment as the Official ESG Knowledge Partners of the 2024 Awards. As Malaysia’s leading green building certification bodies, GreenRE and MGBC are instrumental in the development of the judging framework and criteria for the Awards’ ESG categories.
A staunch advocate for a sustainable built environment, GreenRE’s Executive Director Ir. Ashwin Thurairajah joins the 18-member, professional judging panel of the Awards for the first time this year, along with returning judge, MGBC President Ar. Dr. Serina Hijjas.
Datuk Ar. Ezumi Harzani Ismail, chairperson of the independent panel of judges of the Awards and president of the Malaysian Institute of Architects: 2020-2022, said: “It is important for developers to set a high standard in real estate to push the boundaries of conventional design and introduce innovations that set them apart. Participating in the Awards motivates architects and developers to explore novel materials, cutting-edge technologies, and new construction methods that inspire new architecture with a fresh perspective on the possibilities of the built environment. A great development shapes and influences the world we live in, leaving a lasting legacy for years to come, and brings the developer ahead of others.”
HLB, the global network of independent professional accounting firms and business advisers, is entrusted with overseeing the entire judging process and ensuring that it is conducted with integrity and transparency.
Representation for Malaysia
Top winners of the Awards in Malaysia will qualify to compete for regional accolades at the 19th PropertyGuru Asia Property Awards Grand Final 2024 in Bangkok, Thailand on 13 December. Malaysia’s best developers, developments, and designs will contend for the Best in Asia honours with their counterparts from Australia, Cambodia, Mainland China, Hong Kong, Macau, Greater Niseko (Japan), India, Indonesia, Philippines, Singapore, Thailand, and Vietnam.
Malaysia was represented with four regional wins at the Grand Final in 2023, led by Perbadanan Kemajuan Negeri Selangor (PKNS), winner of the Best Affordable Homes Developer (Asia) award. Projects by Eastern & Oriental Berhad, Eupe Corporation Berhad, and Sime Darby Property also garnered Best in Asia titles.
As the property market gradually rebounds and environmental awareness spreads among prospective buyers and investors, developments that meet the standards of energy efficiency, functionality, and sustainability are set to spearhead the future Malaysian market.
Informed decisions, economic optimism
According to the PropertyGuru Malaysia Consumer Sentiment Study H1 2024, 77% of property seekers believe that climate change is influencing their purchase decisions while 30% are willing to pay more for a green home.
Despite uncertain expectations for the property market this year, service sectors are expected to continue spearheading economic expansion, according to PropertyGuru’s Malaysia Property Market Outlook 2024. Areas with a robust presence of service sectors are likely to remain appealing to home seekers while infrastructural developments, such as those in Johor and Penang, are expected to drive demand.
The PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my are the most respected and most sought-after real estate industry awards programme in the country. The event is part of the regional PropertyGuru Asia Property Awards series, which marks its 19th year in 2024. The Awards series covers key markets across the region, spanning Southeast Asia, East Asia, South Asia, and Oceania, with exclusive gala dinners and awards ceremonies that represent the most anticipated property events of the year.
Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official ESG knowledge partners GreenRE and Malaysia Green Building Council; official magazine Property Report by PropertyGuru; media partners Kopi & Property, Marketing In Asia, Niaga Times, Penang Property Talk, The Malaysia Voice, and Top 10 Malaysia; and official supervisor HLB.
PropertyGuru’s Asia Property Awards are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent.
Since launching in 2005, the PropertyGuru Asia Property Awards have been presented to outstanding developers, developments, and designs in the region’s most dynamic property markets. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during PropertyGuru Week in December 2024.
PropertyGuru is Southeast Asia’s leading PropTech company, and the preferred destination for over 37 million property seekers to connect with almost 59,000 agents monthly3 to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam.
PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia.
Footnotes & Citation: (1) Based on SimilarWeb data between April 2023 and September 2023. (2) Based on Google Analytics data between April 2023 and September 2023. (3) Based on data between July 2023 and September 2023. (4) Based on data between April 2023 and September 2023.
Group: Key Statistics as of November 2023 * Property seekers: 37 million * No. of agents: 59,000 * Real estate listings: 2.9 million
Strong Category Leadership Drives Long-Term Growth Opportunities As of September 30, 2023, PropertyGuru continued its Engagement Market Share* * Singapore: 83% – 6.2x the closest peer * Malaysia: 92% – 12.8x the closest peer * Vietnam: 80% – 4.0x the closest peer * Thailand: 51% – 1.7x the closest peer
*Based on SimilarWeb data between April 2023 and September 2023.
PROPERTYGURU CONTACTS:
General Enquiries: Richard Allan Aquino, Head of Brand & Marketing Services M: +66 92 954 4154 E: allan@propertyguru.com
Sales & Nominations: June Fong, Events Director & Head of Awards (Malaysia) M: +6019-319 0127 E: june.fong@iproperty.com.my
Media & Partnerships: Nate Dacua, Media Relations & Marketing Services Manager M: +66 92 701 2519 E: nate@propertyguru.com
NEW YORK, Mar 6, 2024 – (ACN Newswire) – Lucas GC Limited (the “Company” or “Lucas”) (NASDAQ: LGCL) offered 1,500,000 ordinary shares priced at $4 per share and started trading on March 5, 2024 on the Nasdaq Capital Market under the ticker symbol “LGCL” for its initial public offering (IPO).
Investment Highlights Rarely Seen on Recent IPO Stocks on NASDAQ:
Annual Revenue near $200 million
Year/year growth near 100%
Four consecutive profitable years in a red-hot AI sector where most companies are unprofitable. Lucas’ achievements are rarely seen among the recently listed companies on NASDAQ.
Lucas Was Funded by Industry “Smart Money” as Well as Leading Venture Capital Firm Prior to IPO
Current Lucas’s shareholder base includes esteemed industry leaders such as 51Job, one of the largest HR firms in China, Haier Group, the largest home appliance maker in China, BeagleData. an AI unicorn, and GSR United Capital, a leading venture capital firm.
51Job which is 30% owned by Recruit Holding of Japan, is the second largest shareholder of Lucas which demonstrates its endorsement of Lucas’ business model and roadmaps. For other strategic investors, the involvement of domestic AI unicorn BeagleData serves as a notable validation of the Company’s AI technology. Haier Group’s investment brings forth a range of enhancements to the company’s corporate governance and extends multidimensional industry resource supports to Lucas. From a financial investment perspective, funding from GSR United Capital which has stringent investment criteria demonstrates Lucas met the scrutiny of the financial return requirement of one of the leading VCs on the market.
By the end of 2022, Lucas emerged as the largest AI technology-driven online agent-centric human capital management service Platform as a Service (PaaS) provider in China, with over 430,000 active registered users, as reported by market research firm Frost and Sullivan.
Lucas is a light-asset company with core competencies in technologies and big datasets. Lucas has over 16 U.S. and China granted patents in core artificial Intelligence (with 6 patents in the GPT-related technology), Data Analytics and Blockchain technologies, with another 10 patents pending, and over 70 registered software copyrights. As a matter of fact, Lucas is the only AI-related company obtained registration approval for overseas listing from China Securities Regulatory Commission since the registration requirement became effective on March 31, 2023.
Lucas has consistently achieved remarkable growth for the past four years. As of June 30, 2023, its total revenue had surged by 170.9% compared to the same period in 2022, reaching RMB820.1 million (US113.1 million). The revenue for the first half of 2023 alone already exceeded the full-year revenue for 2022. Moreover, the Company’s net profits for the years spanning from 2020 to 2022 stood at RMB 4.63 million, RMB 39.8 million, and RMB 44.4 million (excluding IPO-related expenses), respectively. Concurrently, there has been a steady increase in profit margin over these years with its rising from 2.0% in 2020 to 5.8% in 2022.
Three Key Growth Strategies that Will Facilitate Lucas In Sustaining Its Remarkable Operations Performance
1. Inorganic Growth Via Merger and Acquisitions Outside China
According to Lucas’ prospectus, it intends to use M&A to augment its growth, with near-term focus on the ASEAN countries such as Vietnam, Thailand, Indonesia and Malaysia where they are the fastest growth regions in the world. In comparison to other typical Chinese companies, Lucas has a competitive advantage in ensuring successful execution of overseas mergers and acquisitions: Proven track-record by its management including the founder and CEO Mr. Howard Lee who obtained his business and financial training at Stanford and technical training at UCLA, is a Chartered Financial Analyst (CFA) holding 16 patents in the U.S. and China. He has experience in executing over 30 M&A transactions and investments in both the U.S. and Asia with overall values exceeding $80 billion when he worked as a senior executive at such Fortune 500 companies as Alcatel, SUN Microsystems and Western Digital where he was vice president of corporate development. In addition, many of its management and board members have decades of work experience internationally.
2. Product Portfolio Expansion With Focus on Training
As outlined in its prospectus, Lucas intends to expand the product offering in training. Lucas has recruited Dr. Michael Carter, a world-renowned expert in education and training to guide its initiatives in the training business. Dr. Carter used to be advisors to Hewlett Foundation, Bill & Melinda Gates Foundation and Steve Jobs when he was head of Apple’s training division. His academic roles include professorships at Stanford University and Dartmouth College. Dr. Carter’s wealth of experience in education and training shall well position Lucas to develop an effective training strategy.
Taking advantage of having Haier Group as a shareholder whose subsidiary COSMOPlat has one of the leading industry internet platforms on the market, Lucas may develop training products in the Industry Internet area which is one of fastest growing sectors in the U.S. and Asia.
Leveraging its leadership in AI technology foundation with an extensive database of experienced candidates and client network in the AI industry, Lucas aims to develop training products related to the red-hot artificial intelligence sector where the demand for on-the-job and practical AI training programs is high.
3. Continue to Invest Heavily in R&D, Particularly in GPT and AIGC
Lucas is considered the technological leader in the industry and was awarded “Technologically Advanced Small and Medium-sized Enterprises” by the Ministry of Industry and Information Technology of China in 2022.
Notably, Lucas embarked on GPT technology initiatives three years ago, securing 6 invention patents related to GPT in both the U.S. and China, which have been successfully incorporated into its operations resulting in likely to double the revenue in 2023.
In order to sustain its technological leadership, particularly in GPT and AIGC areas, Lucas plans to establish an R&D center in the U.S., led by Dr. Wong, the head of AI and GPT research development. Dr. Wong has multi-decade of academic and industry experience in the field of AI. His involvement shall further solidify Lucas’ leadership in AI technology for improvements on the efficiency of operations leading to continuing achieving revenue and profit growths above the industry average.
As China’s economy is rebounding, coupled with the Lucas’ strong track record in executing successful overseas M&A, the integration of Haier Group’s resources in the industrial internet sector, the fusion of Lucas’ resources within the AI field to develop unique AI training programs, as well as further development in Lucas’ existing 6 granted patents in GPT and AIGC technology which has enjoyed an early mover advantage in the industry, Lucas stands to achieve sustained hyper-growth in both top and bottom lines for years to come.
Valuation
With an IPO market cap at around $318 million, Lucas is significantly undervalued compared with industry peers. Kanzhun Ltd. (NASDAQ: BZ), a Chinese stock in the human resources sector, currently boasts a market capitalization nearing $6 billion, with a price-to-sales ratio (PS) of around 9x. Considering the projected revenue growth rate for the first half of 2023 and subsequent full-year results, Lucas with even higher growth rate commands a PS ratio of merely 1.5x, implying a capital gain potential at 6x. The potential capital gain is even more dramatic when compared with peers in the AI industry where the average PS ratio is 16x, making Lucas as one of the most exciting investment ideas in the AI sector.
HONG KONG, Mar 6, 2024 – (ACN Newswire) – Blockpass is excited to announce a partnership with AYA, a regulated UAE-based fundraising platform focused on the intersection of blockchain and sustainability. Concerned with facilitating innovative solutions which encourage a greener future, AYA mentors and cultivates projects which combine the borderless, transparent nature of blockchain to further the goal of sustainablility and achieving the SDGs.
This partnership will see Blockpass strengthening AYA’s compliance procedures and providing: risk assessment and risk classification of onboarding customers, customized forms based on the customer’s and regulator’s requirements, regular rigorous wallet compliance checks to protect user transactions, and evaluation of risks associated with wallets to ensure the absence of fraudulent and suspicious transactions. This will involve the gamut of Blockpass’ products, including KYC, KYB and AML solutions, the new Advanced KYC Bot™, ongoing monitoring, and Blockpass’ Unhosted Wallet KYC™.
Blockpass, known as “Web3’s OG Identity Verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.
AYA is the Middle East and North Africa region’s first fully regulated Climate Finance Platform, regulated by Dubai’s Virtual Assets Regulatory Authority (VARA) in 2023. Built on blockchain technology, AYA focuses on helping climate tech projects raise capital from its community of investors, utilizing carbon and nature-based credits as assets. AYA will leverage its team’s experience from building and running Enjinstarter – an extensive crowdfunding platform focused on gaming, entertainment, and the metaverse – to curate a nurturing ecosystem of mentorship, funding and collaboration where trailblazers can leave a lasting legacy of sustainability for future generations.
“Through our strategic partnership with Blockpass, we at AYA reaffirm our commitment to upholding the highest standards of AML and KYC practices in the industry. This collaboration underscores our dedication to fostering a secure, compliant, and trustworthy environment for our users, laying the foundation for a more responsible and sustainable future in the virtual asset space.” said Vasseh Ahmed, Managing Director of AYA.
“We’re delighted to be working with a company that is so focused on the future of both blockchain technology and the planet.” said Blockpass CEO Adam Vaziri. “We have previously worked with Enjinstarter and it’s an honor to be chosen once again to work with such a visionary team on such an important project.”
By working together, Blockpass and AYA will ensure that the sustainable futures of blockchain technology and the world are secured against identity fraud and money laundering. In ensuring regulatory compliance, Blockpass will help AYA grow and flourish as it seeks to nourish suitable projects and innovate in a responsible manner.
About Blockpass
Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC Bot™ for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC™ to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.
Born from a vision to bridge the gap in climate finance, AYA leverages blockchain to democratise fundraising for projects that aim for a greener Earth. From supporting startups aligned with the UN Sustainable Development Goals to ensuring each project meets rigorous regulatory and environmental standards.
Our mission is to empower everyone to contribute to a sustainable future. We’re making it possible for community members to not just witness change but be a part of it.
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