Nominations now open for Media Savvy Awards

Singapore / Malaysia / Bahrain, Jul 5, 2023 – (ACN Newswire) – Nominations are now open for the 6th annual Media Savvy Awards, to find the best media spokespeople in Singapore, Malaysia and the GCC.

Business leaders or their corporate communications or PR specialists can nominate for free across four categories:

– Best Broadcast Interview
– Best Online Interview
– Best Hybrid Event Presentation
– Best Sustainability Communications

Go to the official nomination form at: www.mediasavvyawards.com (there is no charge to nominate, to enter, or to win the award).

The deadline for nominations is September 15.

This year's judges are:

– Keith Morrison, Director of Marketing & Communications at Black & Veatch and President, Asia-Pacific Association of Communications Directors
– Bridgit O'Donovan, Head of Communications, Product and Partnerships APAC, Meta
– Christina Koh, Director Communications, AMEA, Avantor
– Asiya Bakht, CEO & Founder of Beets Public Relations
– Ramya Chandrasekaran, Chief Communications Officer, QI Group
– Rimmi Harindran, Senior Director, Corporate Affairs, AMEA, Kellogg Asia Pacific
– Shruti Bose, Head of Communications & Public Affairs, Roche Diagnostics
– Yang Wai Wai, Head, Communications and Research, Singapore Institute of Directors
– Shruti Gupta, Former Chief of Marketing Communication, Cashify.in
– David Venn, Global Director, Communications, World Scout Bureau
– Lina Marican, Regional Managing Director, Mutant Communications
– Bruce Porter, Managing Director, ACN Newswire

What the judges say: https://vimeo.com/showcase/10369525

About Media Saavy Awards

The Media Savvy Awards recognize local business leaders who are good orators and have excellent traditional and new media skills. Convened in 2018 by Hong Bao Media, the awards seek to encourage business leaders, entrepreneurs, and founders to step up in front of the camera in this new hybrid environment. As businesses move forward in a digital world with new media platforms, having a strong media presence and the ability to get your message across to your key stakeholders is crucial for business leaders and entrepreneurs alike. Learn more at https://www.mediasavvyawards.com.

For further information:
Mark Laudi
Convenor, Hong Bao Media Savvy Awards
Tel: +65 9017 3534
mark.laudi@hongbaomedia.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Colt launches breakthrough multicast data in the cloud for Capital Markets

LONDON, Jul 5, 2023 – (ACN Newswire) – Colt Technology Services, the digital infrastructure company, announced today the global availability of Colt Market Data in the Cloud, its multicast data service for Capital Markets, with leading cloud provider Amazon Web Services (AWS). The service solves a complex challenge for exchanges, prime brokers, trading firms, market data vendors and technology providers – by hosting and distributing multicast data in the cloud, without the need for conversion software. Now Capital Markets can experience the benefits of cloud, without being held back by cloud service providers' inability to support critical applications. The launch follows a successful Proof of Concept announced by Colt and AWS in October 2022 which saw Colt and AWS build virtual distribution Points of Presence (PoPs) in the AWS Cloud.

Colt provides market data feeds for equities, derivatives, commodities and FX from more than 80 exchanges and liquidity venues worldwide. Securely sending this market data to multiple parties simultaneously is a key requirement for financial exchanges, but getting this data to clients' cloud environments is complex. Existing solutions typically require conversion software to change data from multicast to unicast, adding cost and complexity as organisations rewrite and retest applications. As more and more capital markets firms migrate to the cloud, the problem becomes widespread. Colt Market Data in the Cloud solves this, enabling organisations to securely host and distribute raw multicast data directly to their customers' cloud environments in its original format, ensuring seamless integration with applications, facilitating faster times to market and improving the client experience.

At the same time, organisations benefit from end-to-end market data monitoring: Colt monitors data at the source, within the exchange colocation; in transit, as it moves through the network; and within the virtual Point of Presence.

Arthur Rank, Global Director Capital Markets Solutions, Colt Technology Services said, "Capital markets are moving more workloads to the cloud, benefiting from its agility, accessibility and speed, from enhanced security and deeper analytics, but they still face frustrating roadblocks like the problem of hosting and distributing multicast data. Partnering with AWS, we've addressed this head-on: Colt Market Data in the Cloud is a gamechanger for Capital Markets. Colt has an extensive track record in solving Capital Markets challenges in transformational and innovative ways. This is the latest example of our commitment to delivering industry-leading services and experiences for our Capital Markets clients, helping them thrive".

The launch of Colt Market Data in the Cloud with AWS is the latest in a series of partnerships and product announcements from Colt. It supports the financial market's transition to on-demand services and automation of real-time raw data and trading applications.

About Amazon Web Services

Since 2006, Amazon Web Services has been the world's most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 99 Availability Zones within 31 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Canada, Israel, Malaysia, New Zealand, and Thailand. Millions of customers – including the fastest-growing startups, largest enterprises, and leading government agencies – trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Colt Capital Markets

Colt's financial market solutions are underpinned by the Colt IQ Network – a 100Gbps optimised intelligent network – distributed to more than 31,000 on net buildings, 1000 data centres and hundreds of data network connection points around the globe. With flexibility and agility to meet the market's requirements, Colt continues to enhance its connectivity offering to ensure its market leadership across the world.

To find out more about Colt's Capital Market solutions, visit https://www.colt.net/solutions/capital-markets/.

About Colt Technology Services

Colt Technology Services (Colt) is a global digital infrastructure company which creates extraordinary connections to help businesses succeed. Powered by amazing people and like-minded partners, Colt is driven by its purpose: to put the power of the digital universe in the hands of its customers, wherever, whenever and however they choose.

Since 1992, Colt has set itself apart through its deep commitment to its customers, growing from its heritage in the City of London to more than 60 offices around the world. The powerful Colt IQ Network connects 222 cities and 32 countries with more than 1000 data centres, 51 Metropolitan Area Networks and over 31,000 buildings across Europe, Asia and North America's largest business hubs. Privately owned, Colt is one of the most financially sound companies in the sector.

Obsessed with delivering industry-leading customer experience, Colt is guided by its dedication to customer innovation, by its values and its responsibility to its customers, partners, people and planet. For more information, please visit www.colt.net

Press Contact:
Anne Amlot – Head of PR
+447899 950730
Anne.Amlot@colt.net

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

EGO Announces New Partnership with John Deere to Drive Innovation in the Outdoor Power Equipment (OPE) Industry

HONG KONG, Jul 5, 2023 – (ACN Newswire) – Chervon Holdings Limited (2285.HK) recently announced a strategic agreement with John Deere. This enables EGO branded battery products to be sold through John Deere dealers, and both parties will also collaborate on developing new products in the future.

John Deere is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. With the technology-enabled products ( Autonomous 8R Tractor, See & Spray(TM), and E-Power Backhoe), John Deere helps meet the world's increasing need for food, shelter, and infrastructure. Chervon, the parent company of EGO and a leading global player in the Battery-Powered Outdoor Power Equipment (OPE) and Power Tool industry, its products are sold in more than 100 countries.

As part of this agreement, EGO's complete range of mowers, blowers, trimmers, edgers, chainsaws, and snow blowers will be available at John Deere dealers in the United States and Canada starting in the fall of 2023. This collaboration will enable customers to access EGO's innovative and high-performance products conveniently through John Deere's extensive network, known for its commitment to excellence and customer service. In addition, Chervon and John Deere will collaborate on the development of new products in the future.

Currently, the global Outdoor Power Equipment (OPE) industry is undergoing a rapid transformation, and the lithium-ion OPE sector is experiencing a golden period of accelerated growth. Chinese manufacturers have emerged as strong players in the race, capitalizing on their strong lithium-ion supply chain advantages, excellent research and development capabilities, and forward-looking strategies. Among them, Chervon has established a solid competitive barrier through its three pillars of "Product + Brand + Channel". Since its introduction in 2014, its EGO brand has experienced rapid development, leading-edge triple battery technology, and high product quality to secure a prominent position in the industry. The 56V battery pack platform fits all EGO branded products, help consisting the EGO battery pack ecosystem, and has become the top-ranked brand in the lithium-ion platform outdoor power equipment sector. The strong collaboration between Chervon and John Deere, brings together the integrated benefits of technology, channels and brand value, setting an example for leading industry participants actively driving industry innovation.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ExpertOption Surpasses 70 Million Users Worldwide and Introduces Lucrative Referral Program

NEW YORK, NY, July 4, 2023 – (ACN Newswire) – ExpertOption, a prominent online trading platform (owned by EOLABS LLC), has achieved a significant milestone by surpassing 70 million users worldwide. This remarkable growth reflects ExpertOption’s ongoing commitment to revolutionizing the online trading industry.

The platform stands out for its user-friendly interface, providing traders with an intuitive and seamless trading experience. Recognizing the importance of user satisfaction, ExpertOption has introduced a highly lucrative referral program. This program allows users to share unique referral links and promo codes on popular social media platforms, granting exclusive benefits to both the referrals and the participants themselves. With a 120% deposit bonus for referred users and the potential to earn additional income when referrals actively trade, this program creates a win-win scenario for all involved.

ExpertOption has also recently enhanced its user interface, elevating the trading experience to new heights. The revamped design not only improves aesthetics but also streamlines navigation, ensuring traders can easily access key features and maximize their trading potential.

In addition to its focus on user experience, ExpertOption excels in delivering the fundamentals that traders seek. Instant access to a free $10k demo account and the ability to open a real account with just $10 are among the platform’s offerings. With over 20 integrated payment systems available for deposits and a minimum deal amount of only $1, ExpertOption simplifies the trading process and accommodates diverse trading preferences.

Educational resources play a vital role in ExpertOption’s comprehensive approach. The platform offers a range of learning materials, including webinars, video tutorials, and powerful analytical tools featuring four chart types and eight indicators. These resources empower traders to make informed decisions and maximize their profits, regardless of the device they choose to trade with.

ExpertOption’s commitment to innovation, user-friendly features, and constant improvements cements its position as a key player in reshaping the trading landscape. As the company continues to prioritize user experience and expand its global reach, traders can expect an enriched and rewarding trading journey.

Social Links

Twitter: https://twitter.com/ExpertOption

YouTube: https://www.youtube.com/expertoption

Instagram: https://www.instagram.com/expertoption/

Telegram: https://t.me/ExpertoptionNews

Media Contact

Mark Floren, EOLABS LLC

Email: help@expertoption.com

Website: https://expertoption.com/

SOURCE: EOLABS LLC



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

10 winners stand out at Start-up Express

HONG KONG, Jul 4, 2023 – (ACN Newswire) – The sixth edition of Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), came to a successful conclusion today. The judging panel at the in-person Final Pitching, held at the Hong Kong Convention and Exhibition Centre, selected 10 winning start-ups from 20 finalists. The My Favourite Start-up Award, decided through live polling of the audience, was awarded to Meat The Next, while the ESG Award went to Negawatt Technology in recognition of its sustainable and socially impactful business solution. The 10 winning teams will participate in a series of local and international events to develop their businesses by building connections, exploring markets, seeking partners and enhancing brand awareness.
The Start-up Express Final Pitching winners pictured together with the judging panel and special guests.


The record number of applications for Start-up Express 2023 reflected the great enthusiasm of Hong Kong's entrepreneurs. The 20 finalists come from diverse sectors such as ed tech, con (construction) tech & prop tech, fintech, health tech, as well as metaverse, Web 3.0, smart city, HR tech and food tech. More than 100 industry players were invited to attend the Final Pitching Day in person, including investors, business leaders, representatives from overseas entities and more. Booths were also set up during the event to showcase Start-up Express past winners and finalists, in addition to demo-pitch from secondary school teams.

Stephen Liang, Assistant Executive Director of the HKTDC, said Hong Kong start-ups were highly adaptive and had shown great resilience during the COVID-19 pandemic. "We're still at an initial phase of post-COVID-19 recovery, when the global economic outlook is still uncertain. Investors remain conservative, and start-ups are in need of more support. Finalists of this year's Start-up Express have developed products with advanced technology, and they have great potential to become unicorns. With business matching via HKTDC's physical and online platforms to help start-ups connect with international investors and partners, we will step up efforts to promote local innovations to the world, and grasp post-COVID-19 opportunities," Mr Liang said.

Diverse opportunities offered to winning start-ups

Final Pitching contestants presented innovative business ideas and responded to questions raised by a distinguished panel of judges. This year's judging panel comprises five renowned industry experts: Jason Chiu, Chairman of Hong Kong Startup Council; Gordon Yen, Chairman of Hong Kong Business Angel Network; Winnie Han, Head of China Issuer Services/ Senior Vice President, Hong Kong Exchanges and Clearing Limited; Ben Cheng, President and Chief Executive Officer of C Capital; and Danny Yeung, Co-founder and Chief Executive Officer of Prenetics. The 10 winning start-ups are: Big Bang Academy, DimOrder, Haofood, Kodifly, Meat the Next, Moongate, Negawatt Technology, Neuropix, Rocket Academy, and Syngular Technology (click here to download the list of winners and their company profiles). The HKTDC will arrange a series of exposure opportunities through which the winning teams can interact with buyers and investors.

Outstanding presentations at Final Pitching

Jason Chiu, Chairman of Hong Kong Startup Council is a third-time judge of the programme. He said: "I am thrilled to participate in this year's Final Pitching. Entering its sixth edition, Start-up Express' competition is fiercer than ever, and each team displayed enormous growth potential. The industry verticals of the finalists this year were also more diverse, ranging from Web3.0 to con tech, which demonstrates their innovative thinking and proves the capability of Hong Kong tech talents. It is encouraging to see how vibrant the Hong Kong start-up ecosystem is becoming, with the number of start-ups increasing over the past few years. The winning teams this year will leverage the unique platform of Start-up Express to obtain more business opportunities and connections, and explore the Mainland and overseas markets."

Danny Yeung, Co-founder and Chief Executive Officer of Prenetics, who led his start-up to unicorn status, gave insightful advice to the finalists. He said: "It is definitely challenging for early-stage companies to gain a foothold in competitive markets. I am happy to see that the HKSAR government is strengthening its support to the innovative & tech sector; Start-up Express is also a meaningful programme for start-ups to connect with investors and business leaders. He also cheered for start-ups: "The journey of building a start-up is never easy. Founders must keep an eye on the latest market trends and make unremitting efforts, in order to scale-up in the challenging business environment."

Grasping the market pulse and building a global network

Start-up Express gives start-ups the chance to promote their business ideas. They can take part in exhibitions in Mainland China and overseas, and investor meetings in Hong Kong and the mainland. They can also strengthen their business networks, as well as expand their markets and businesses through the exposure they have gained.

Dr Martin Zhu, Co-founder of i2Cool, a winner last year, said: "Through Start-up Express, we have unlocked many publicity opportunities. HKTDC's global network also helped us obtain many new customers from all over the world. For example, at last year's Entrepreneur Day, we met with a construction company from the Philippines, and signed a large-amount business order with them on the spot. All of these are valuable opportunities offered by Start-up Express."

Start-up Express International returns in December

The HKTDC has always given its full support to Hong Kong's entrepreneurial ecosystem, helping to maintain the city's status as a competitive business centre and hub for innovation. Launched in 2022, Start-up Express International has attracted participants from around the world, including the United States, Germany, Japan, Korea, Turkey, Singapore and more. 10 winners were selected and exchange sessions were arranged between them and the Hong Kong start-up winners. Start-up Express International will return during Entrepreneur Day in December. The HKTDC will support the winning international start-ups to set up their businesses in Hong Kong, as well as to explore the mainland and Greater Bay Area markets.

Start-up Express website: https://portal.hktdc.com/startupexpress/en/
Photo download: https://bit.ly/3CVHKAH

About HKTDC

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

Media enquiries
Please contact HKTDC's Communications & Public Affairs Department:
Jane Cheung, Tel: +852 2584 4137, Email: jane.mh.cheung@hktdc.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC takes Hong Kong to Bangkok

BANGKOK, Jul 4, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) is taking its Think Business, Think Hong Kong (TBTHK) signature promotion event to Bangkok next week. The event will showcase Hong Kong as a resilient innovation hub where businesses from around the world can seize opportunities. TBTHK will run on 13-14 July at Centara Grand and Bangkok Convention Centre at CentralWorld, where the Hong Kong and Thai business communities will explore partnership opportunities through exhibition, seminars and networking activities.
Mr Ronald Ho, Regional Director, South East Asia and South Asia of the HKTDC


Mr Ronald Ho, Regional Director, South East Asia and South Asia of the HKTDC said at the press luncheon, "Association of Southeast Asian Nations (ASEAN) has a long history of close economic ties with Hong Kong and is the city's second-largest trading partner in merchandise trade. The TBTHK in Bangkok will highlight Hong Kong's offerings in ASEAN, as well as provide additional impetus for promoting regional trade and investment partnerships and creating opportunities through regional economic and supply chain integration."

"Our main goal is to promote Hong Kong's strengths in merchandises and services and introduce the city's latest developments, demonstrating to the Thai business community that Hong Kong is the premier international business hub in Asia, as well as an investment and business platform for Thai enterprises to maximise China opportunities. Simultaneously, we will showcase how the Thai, mainland and Hong Kong business communities can collaborate to create mutually beneficial business opportunities and maintain long-standing close business and trade ties."

"These opportunities are made possible by strong, visionary planning by governments, as well as free trade agreements such as FTAs and Regional Comprehensive Economic Partnership (RCEP), that provide a framework for regional cooperation." Ronald added.

Hong Kong is at the geographic heart of Asia and serves as an international financial centre with distinct advantages such as providing trusted legal, financial, investment and tax systems, producing high quality, innovative and creative products and services for trade, and serving as the pre-eminent access point to explore and develop business links and markets with Mainland China, the ASEAN and beyond.

The city is a bridge between the mainland and the world. Its role as a two-way platform for the flow of capital, goods, information and people is as important as ever. Development plans such as the Belt and Road Initiative and Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Development Plan create new prospects, expanding Hong Kong's role as a hub for finance, trade, logistics and cultural exchange. Hong Kong is the ideal partner for Thai companies seeking to tap the vast opportunities from the GBA and international markets.

This year, this signature promotion event will be a holistic platform where the Thai trade community can learn about Hong Kong's role as an ideal gateway for them to tap into mainland and international markets. Building on the strong trade ties between Hong Kong and Thailand, a Trade Expo showcasing high-quality and innovative products from more than 100 Hong Kong exhibitors, including Chow Tai Fook, Green Common, B.Duck, Vita Green, Memorigin, Smart City consortium and more. This would help Hong Kong companies introduce high-quality products to the regional market, while Thai companies may identify potential business partners and supply chains for business collaborations.

During today's press luncheon, a wide range of Hong Kong's innovative and creative quality products ranging from fashion & lifestyle, home & gifts, sustainable & green sectors were showcased to Thai media as a trade expo preview.

Featured products include the following:

– Kapture's tote bags, which combine BioNTex(TM) antiviral tech and upcycled fabric from garment production;
– Iconic Camel flasks, which have championed vacuum technology since 1940's;
– Temporis watches – designed for stylish youngsters, these high-quality timepieces boast K1 crystals instead of tempered glass. This is a major upgrade in comparison to other wristwatches in this price category;
– Romago watches – this luxury Swiss watch brand originated its business in deluxe custom-made timepieces or collectors. Nowadays the brand is focusing on timepieces with sleek designs using unique materials and new manufacturing technologies refining the traditional diving watches.
– Derangedsign, a dynamic design studio based in Hong Kong will showcase its Coexistence set which includes two trays designed as sculptures in landscape shapes. Ideal for serving fruits, candy, nuts and jewellery, these trays have received many international awards and accolades;
– B.Duck, the main IP-ed brand of Hong Kong's famous product design company, Semk Products Ltd. will present its legendary duck-shaped lamps.

In addition to the Trade Expo, a Trade Talks series solidifying Hong Kong's competitive advantage as a trading hub will be held during the event period. Experts from renowned retail groups, associations and innovative companies will gather at the Trade Talks to shed lights on a plethora of hot topics, such as Innovating the Future of Retail, Maximising Business Opportunities through Licensing, Re-shaping E-commerce and Embracing Sustainability & ESG.

A giveaway session on the second day of the event (14 July) will offer prizes including smart phones, Tourbillion, tablets and more. Participants may have a chance to win air tickets during the event period. In addition, there will be a captivating photo booth featuring Hong Kong's iconic buildings set in the venue with a TBTHK branded Tuk Tuk, providing an immersive experience and promoting Hong Kong's authentic culture and iconic scenery to Thai community.

Website
– Think Business, Think Hong Kong: https://www.thinkbusinessthinkhk.com/bangkok2023/en
– Photo download: https://rb.gy/4cdvr

About HKTDC

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

Media enquiries

For enquiries please contact:
Midas Communications International Co., Ltd.
Nawaporn Rojarayanont, Tel: 097-250-1603, Email: nawaporn@midas-pr.com
Wanrawee Kongkraphan, Tel: 088-887-9718, Email: namtarn@midas-pr.com

HKTDC's Communications & Public Affairs Department:
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

IBO Technology Appoints New Management

HONG KONG, Jul 4, 2023 – (ACN Newswire) – IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; stock code: 2708.HK) announces the appointment of Mr. Zhong Zhi Xiong and Mr. Jin Zi as co-chief executive officer and independent non-executive Director respectively, with effect from 3 July 2023.

Mr. Zhong Zhi Xiong has extensive industry knowledge and solid management experience in the electronic cigarette industry in the PRC, and he is also a top management talent in the relevant industry. He has been the general manager of Shenzhen CCMIC Electronics Co., Ltd. Since April 2018, and has been involved in the fields of pre-filled atomised electronic cigarettes, pre-filled HNB electronic cigarettes, semiconductor/integrated circuits in the electronic cigarette industry, automotive supplies, office supplies, e-commerce and other industries 0-1 or equity investment, A shares and secondary market in Hong Kong and the United States. With his relevant experience in the electronic cigarette industry in PRC and his outstanding leadership skills, Mr. Zhong Zhi Xiong will help the Group speed up its development of electronic cigarette industry in the PRC, thus continuously making a big step forward despite the challenges ahead.

Recently, the Group has been actively exploring the highly potential electronic cigarette industry in the PRC, with a view to diversifying the development of its hardware business. On 29 May 2023, the Group announced an investment of an amount in RMB which is equal to HK$40 million (equivalent to RMB36,035,600) in 5.00% of the share capital of Hangzhou Yixin Micro Technology Co., Ltd.* ("Hangzhou Yixin"), a company that integrates the research and development, production and sales of constant pressure and constant power airflow sensing chips. Hangzhou Yixin holds a number of patents on constant pressure and constant power airflow sensing chips. The Group is entitled to further invest in Hangzhou Yixin to hold 35% to 46% of its share capital and become its controlling shareholder in the future. The "airflow sensing chip" is one of the main components of electronic atomisation equipment, while the Group plans to increase its investment in the PRC's electronic cigarette market through further investment in Hangzhou Yixin, in order to capitalise on the growth potential of relevant business and broaden the source of revenue. The appointment of Mr. Zhong Zhi Xiong will facilitate the Group's in-depth deployment in the electronic cigarette market in the PRC and the identification of more suitable business partners, thus reinforcing the rapid development of relevant business and building a solid foundation for future development.

Mr. Jin Zi has extensive experience in asset management, global asset allocation, investment advisory and research on global macro and investment strategies. Mr. Jin Zi is the co-founder of Coronation Capital Limited in October 2020 and is currently the responsible officer of Coronation Capital Limited since December 2021. In the past, Mr. Jin Zi was an analyst at the Royal Bank of Scotland (Formerly ABN Amro Bank), provided trading support in Commerzbank AG and acted as the executive director of J.P. Morgan Chase Bank, Private Banking. The management believes that his new role will help the Group maintain good corporate governance, while his acumen in macroeconomics will provide the Group with a constructive strategic direction, thus leading the Group towards more remarkable developments.

Mr. LAI Tse Ming, Chairman and Executive Director of IBO Technology, said, "2023 is a golden period for the Group's diversified business development. We are pleased to welcome Mr. Zhong Zhi Xiong and Mr. Jin Zi to the Group. We are confident that they will lead the Group to a new milestone, meanwhile their extensive industry experience will bring new impetus to the Group and strengthen the management team. Looking forward, the Group will continue to operate under prudent commercial principles, whilst stepping up its effort in the PRC's electronic cigarette industry and turning it into one of the Group's business focuses. We expect that the new business will complement the Group's existing businesses to form a complete business model and industrial ecosystem, promoting the Group to grow its business scale on the one hand, and creating a unique core strength on the other."

About IBO Technology Company Limited
IBO Technology Company Limited (Stock code: 2708.HK), a leading digital solutions provider, is principally engaged in providing 5G communication equipment and private network solutions, ITAI terminal products and industry solutions, IoT products and solutions, as well as industrial digital solutions in the PRC. The Group's businesses mainly cover four areas, namely (i) intelligent terminal products sales; (ii) system integration; (iii) software development; and (iv) system maintenance services. With nearly 20 years penetration in the IoT industry, the Group serves customers from both the public and private sectors in the PRC, including government authorities, large-scale state-owned enterprises and private enterprises. On 29 May 2023, IBO Technology Company Limited announced an investment in Hangzhou Yixin Micro Technology Co., Ltd.*, in order to commence chip manufacturing business.

For more details, please visit: http://www.ibotech.hk/

* The English name is not the official name and is translated for reference purpose only.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Only 42% of newly signed up travel app users transact in the first month: CleverTap Benchmark Report

MOUNTAIN VIEW, Calif. and MUMBAI, India, Jul 4, 2023 – (ACN Newswire) – CleverTap, the all-in-one engagement platform, released its industry benchmark report for travel apps[1]. In the rapidly evolving mobile apps landscape, staying ahead of the competition is crucial for marketers. Therefore, benchmarking performance has become imperative to stay ahead of competition. Travel app marketers will be able to boost conversions and drive higher app activity through the report's insights.

While 80% of travel app users that sign up, do so within 31 seconds, only 42% make a transaction within the first month. This is markedly lower than fintech's 95% and foodtech's 65% signup to conversion rate. Studies have found that users do not see travel apps as being very different from interacting with travel agents. This means that while they may readily sign up for an app; the process of making a transaction may carry the same reservations as with old-school travel agents. Overcoming this challenge requires travel app marketers to place special emphasis on their retention strategies by going above and beyond in providing meaningful value to customers.

CleverTap analyzed 17.9 billion push notifications, 3.8 billion emails, 919.1 million in-app messages, and a total of 64.17 million monthly active users (MAUs). The findings reflect data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. These include:

-Install to sign-up rate: 1 in 4 users that install travel apps (28%) end up signing up within the first week.
-Average time to sign-up: 80% of the users that sign-up, do so within 31 seconds of launching the app for the first time.
-Sign-up to conversion rate: 42% of newly signed-up users make a transaction in the first month.
-Average time to to convert: 36% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within a week of onboarding.
-Session frequency: On average, travel app users launch their app around 12 times a month.
-Average week 1 retention rate: 13% of newly signed-up users make repeat transactions in the first week.
-Average click through rate for push notifications: On average, 5.29% of Android users and 3.97% of iOS users will click on and interact with push notifications.
-Average click through rate for in-app notifications: The click through rate for travel in-app notifications is 22.8%.
-Average email open rate: 35.17% users open emails sent by travel app companies
-Average Stickiness Quotient: Travel apps have a stickiness quotient of 18%, that indicates less than one-fifth of monthly active users (MAUs) consistently return to the app.

"With more than a billion travel app users today, brands must emphasize retention more than ever. Sometimes a slight nudge here, a small reminder there may be enough to get users to complete unfulfilled transactions or re-engage with the app. But to maximize customer lifetime value in the long term, marketers need to be agile and identify weak spots within the app's metrics proactively." said Jacob Joseph, VP – Data Science, CleverTap. "Our benchmark report spans billions of data points including push notifications, emails and in-app notifications – giving marketers a holistic view of the industry. Coupled with our world leading platform which spans the entire lifetime of a customer, we are confident this will equip marketers with the right tools to raise the bar even higher."

[1] https://clevertap.com/travel-apps-industry-benchmark-report/

About CleverTap

CleverTap is the all-in-one customer engagement platform that helps brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.

The platform is powered by TesseractDB(TM) – 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, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, Sao Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

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

IPSHITA BALU
Consultant
Archetype
+91 95901 11798
ipshita.balu@archetype.co

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Fosun Repays US$700 Million Bond, and Has No Significant US Dollar Bonds Maturing in the Next 12 Months

HONG KONG, Jul 4, 2023 – (ACN Newswire) – On 2 July, Fosun International repaid US$700 million maturing offshore US dollar bond, marking a significant milestone in its debt management strategy, as Fosun has effectively repaid all concentrated maturing offshore bonds in the public market. According to public information, since the beginning of this year, Fosun has successively repaid a US$450 million bond in January, a US$1.2 billion syndicated loan in April, and a EUR350 million bond in May prior to the recent US$700 million bond repayment. In addition, Fosun has completed the repayment of RMB6.7 billion maturing onshore bonds in the public market. As a result, Fosun has alleviated any near-term pressure associated with offshore debt repayment for the next 12 months.

Being a diversified and internationally active conglomerate, Fosun benefits from the inherent advantages of a well-balanced asset portfolio that can withstand industry-specific and market-specific downturns. Despite the challenges posed by the market environment, Fosun has leveraged its operational flexibility to monetize non-core and non-strategic assets in sectors such as steel making, and diversified financial investments. This proactive approach has generated substantial cash inflows, with Fosun successfully completing over RMB 40 billion in asset divestments in 2022 alone, resulting in nearly RMB30 billion of cash inflow. The successful redemption of maturing debts in 2023 underscores Fosun's consistent execution of its financial strategy aimed at divesting non-core assets.

In addition, Fosun has fostered enduring partnerships with domestic and international banks, enabling it to navigate the pace of asset divestments effectively. Domestically, benefiting from credit policies supporting the development of private enterprises, Fosun secured a syndicated loan for total credit line of RMB12 billion with eight major Chinese banks in January 2023. In the international market, Fosun has collaborated with more than ten domestic and foreign banks to execute a syndicated loan amounting to no less than US$500 million. These stable and robust financial relationships serve as a testament to the recognition of Fosun's financial strategy by both domestic and international financial institutions.

Looking ahead, Fosun will continue to implement its financial strategy of asset portfolio optimization, focusing on core businesses and streamlining the organization. This ongoing commitment is expected to yield continuous improvements in the company's credit metrics. In a report issued by S&P Global Ratings on 30 May, Fosun's determination in asset divestments and debt reduction was acknowledged, with a projection that the company will further reduce its interest-bearing liabilities and leverage within the next 12 to 18 months. As the short-term debt repayment peak is surmounted, Fosun's debt structure will significantly optimize. S&P Global Ratings report also highlighted the stable cooperation between Fosun and multiple banks, anticipating a substantial enhancement in debt stability as the proportion of bank loans in Fosun's liabilities increases, consequently mitigating capital structure risks. Fosun's diversified asset portfolio across different regions and industries, coupled with its prudent debt management practices, will effectively safeguard the company's resilience during economic downturns.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Unveiling the Future of Enterprise AI Solutions: World AI Show Returns for its 42nd Edition in Singapore

Trescon is set to organize the 42nd edition of World AI Show, a global platform showcasing the latest trends and innovations in enterprise AI solutions. This highly anticipated event will be held on 2-3 August 2023 at the prestigious Marina Bay Sands Expo and Convention Centre in Singapore, bringing together IT Heads and business leaders from enterprises and governments across the APAC region.

SINGAPORE, July 3, 2023 – (ACN Newswire) – Singapore, a thriving hub of technological advancements, is set to host the 42nd edition of World AI Show, organised by Trescon. This premier event is renowned for highlighting the latest trends and innovations in enterprise AI solutions, catering specifically to IT Heads and business leaders from enterprises and governments in the APAC region. With a focus on driving collaboration and fostering knowledge exchange, World AI Show – Singapore promises to unveil the future of AI and its various applications.

World AI Show – Singapore will serve as a platform for global thought leaders, industry experts, AI enthusiasts and innovators to converge, share insights, and explore cutting-edge AI solutions. Attendees will gain invaluable knowledge through keynote presentations, enterprise use-case discussions, panel sessions, and interactive tech talks. The event will also facilitate business networking opportunities, enabling participants to connect with like-minded professionals and forge partnerships to accelerate AI adoption within their organisations.

The 42nd edition of this prestigious event taking place in Singapore solidifies its position as a global gathering of AI experts, government officials, and industry leaders. The event will feature thought-provoking discussions on the latest trends, challenges, and opportunities in AI, providing attendees with actionable strategies and valuable insights. The exhibition floor will showcase the most innovative AI solutions and technologies, allowing participants to experience first-hand the transformative power of AI across diverse industries.

Naveen Bharadwaj, Group CEO of Trescon, expressed his enthusiasm for the upcoming event, stating, “World AI Show is a unique platform that brings together global AI experts, government officials, and industry leaders to shape the future of AI. Singapore’s vibrant tech ecosystem and strategic location in the heart of APAC make it an ideal host for our 42nd edition. We are excited to witness ground-breaking discussions and witness the transformative potential of AI in enterprise solutions.”

Notable speakers attending the event include:

  • Miao Song, Global Chief Information Officer, GLP
  • Daniel Ting, Director, AI Office SingHealth
  • Ivan Ng, Chief Technology Officer, City Developments Limited
  • Sudesh Kumar, Chief Digital Officer, Hello Health Group
  • Nirupam SD, Senior Scientist, Head of IoT and Artificial Intelligence Energy Research Institute at NTU, The Nanyang Technological University

One of the key speakers at the show Miao Song, Global Chief Information Officer, GLP, said, “AI is the most promising yet controversial technology in this modern world. Adopting AI in the right way will only help us to grow our businesses and create a positive impact on humankind. I look forward to sharing best practices and take part in in-depth discussions in the upcoming World AI Show in Singapore.”

Sudesh Kumar, Chief Digital Officer, Hello Health expressed his excitement about the show saying, “Witness the future at World AI Show, where global innovators unite to unveil ground-breaking advancements, fostering a world where artificial intelligence transcends human potential and creates limitless possibilities.”

The 42nd global edition of the World AI Show is supported by:

Aliriza Abdul Gafoor, Chairman and CEO at Aliriza group quoted, “Aliriza Group aims to accelerate AI innovation and adoption in Singapore, contributing to the National AI Strategy and reinforcing Singapore’s global AI hub status through our participation in the World AI Show”

Mark your calendars for 2-3 August 2023 and join the brightest minds in the AI community at the Marina Bay Sands Expo and Convention Centre in Singapore. Experience the forefront of AI innovation, gain actionable insights, and forge strategic partnerships at the 42nd edition of World AI Show. For more information and registration, visit www.worldaishow.com.

About Trescon

Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership.

In line with their vision to foster a future driven by emerging technologies, you are invited to join these upcoming events by Trescon:

  • World Fintech Show at Jakarta and Kingdom of Saudi Arabia
  • World CX Summit at Singapore and Manila
  • World Cloud Show at Manila
  • World AI Show at Kingdom of Saudi Arabia
  • World Blockchain Summit at Singapore and Dubai
  • World Cloud Show at Jakarta

Trescon is glad to announce a new mega tech show called Digital Acceleration and Transformation Expo (DATE) scheduled to take place in Delhi in November 2023 and Jakarta in 2024.

For more information, visit: https://bit.ly/43OzEpy

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



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com