CleverTap Benchmark Reports: Foodtech Apps enjoy 60% higher Repeat Transaction Rates compared to E-commerce apps

MOUNTAIN VIEW, Calif. and MUMBAI, India, May 9, 2023 – (ACN Newswire) – CleverTap, the World's #1 retention cloud, released the findings of its Foodtech and E-Commerce industry Benchmark Reports. Foodtech and e-commerce apps experienced exponential growth during the pandemic. According to App Annie's State of Mobile Report 2022, time spent on shopping apps scaled to more than 100 billion hours – up 18% year-on-year. Users spent 50% more sessions YoY in 2021 than in 2020 on foodtech apps. The benchmark reports reflect data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America.

The findings offer insight into how consumers engage with foodtech and e-commerce apps. Marketers can craft and deliver personalized messages and campaigns that can help drive engagement, retention, and growth. Some of the key metrics in the report include:

https://www.acnnewswire.com/docs/Multimedia/20230509_CleverTap.jpg

"The findings from our benchmark reports are aimed to help marketers improve engagement and user journeys by providing insights into the behavior of e-commerce and foodtech app users." said Jacob Joseph, VP-Data Science, CleverTap. "As the app economy continues to expand, foodtech and e-commerce marketers will need to find ways to drive customer 'stickiness' which currently stands at a meager 15% and 17% respectively. Customized messaging informed by behavioral insights are crucial to get customers to return to the app interface and drive up this metric."

For e-commerce marketers, the challenge and opportunity is to ensure that their company's app not only stands out in a crowded and fiercely competitive market. But also encourages users to make quick purchases, return frequently to buy more, and hopefully, spend a sizable sum with each transaction.

16% of new users of foodtech apps complete more than one transaction in the first week. Best-in-class customer service will help boost this metric and keep customers returning for more. Foodtech companies need to be quick to offer special deals to new users and drive conversions. The benchmark report helps foodtech and e-commerce apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus.

The reports can be downloaded with the links below:
– Foodtech App Engagement Benchmark Report 2022 https://clevertap.com/insights/food-tech-benchmark-report/
– E-commerce App Engagement Benchmark Report 2022 https://clevertap.com/insights/ecommerce-benchmark-report/

About CleverTap

CleverTap is the World's #1 Retention Cloud that helps app-first 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, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco.

Backed by leading investors such as Sequoia India, 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

VISHAAL MUDHOLKAR
Consultant
Archetype
+91 9724309069
vishaal.mudholkar@archetype.co

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

InfoComm Asia 2023: Connecting Ideas and Opportunities Across Asia

BANGKOK, May 9, 2023 – (ACN Newswire) – InfoComm Asia 2023 is where Asia's AudioVisual (AV) professionals will meet from 24 to 26 May — to rekindle friendships, connect with others, share ideas and discuss opportunities. With a 38% larger show floor featuring even more AV technologies, solutions and learning opportunities as well as highlighting greater business opportunities, the Show is the place to be for the Professional AV industry in the wider Asian region.

SHOW FLOOR ACTION: Interact, Ideate and Grow

Amidst the current global geopolitical developments that have increasingly led to market fragmentation and technology bifurcation, it is imperative for like-minded visionary AV players to gather at the intersection of varied needs and robust solutions, and explore potential opportunities and synergies. At InfoComm Asia 2023, AV professionals, system integrators and manufactures will be inspired to share ideas, spark new ones, and establish collaborations that can birth the next big solutions.

The go-to Show for the industry is set to rally AV professionals from all over Asia, including Japan, China, India and even Australia, as well as IT professionals and vertical market buyers from all over Southeast Asia. For this extensive reach in the region, the former InfoComm Southeast Asia has been renamed InfoComm Asia.

LEARNING PLATFORMS: Deeper Insights with Summits and Technical Tour

AV professionals can look forward to enhancing their market knowledge and technical know-hows with InfoComm Asia's signature learning platforms – InfoComm Asia Summit and NIXT Summit. The former is the pre-eminent educational platform for everything AV, and the latter providing a peak into how industries are engaging the power of emerging tech to secure their future.

The Asia AV Leaders Connect at InfoComm Asia Summit gathers the industry's C-suite and directorate leaders from across Asia for a half-day program that will open with a keynote by Dave Labuskes, CEO, AVIXA on "Global Pro-AV Market Trends in the Next 3-5 Years"; followed by a panel discussion, "Spotlight on Asia's AV Market". Thereafter, AV leaders can network and connect with their peers at the exclusive networking reception.

The AV Training spans across the first two days of InfoComm Asia Summit, and caters to AV professionals like AV project managers, technicians, programmers and engineers who are looking to hone their AV technical expertise. Designed and delivered by leading AV system integrators and consultants, the sessions will deep dive into a range of topics including:

– AV Projects – The Need for Both Science and Art to be Successful
– Enter a New Dimension of Control for the Modern Control Room
– Will Video Conferencing be Replacing In-person Meetings in Our Regional Business Conduct Post-Covid Era?
– The Great AV Talent Drain
– The Mega Trend of the Workplace, Hybrid Meeting
– How to Maximize the Potential of the Microphone
– Manageability in AV
– AVL and Acoustics in Performing Arts Centres and Modern Houses of Worship
— Same Same but Different

There will also be opportunities for AV professionals to join the popular AV Technical Tour on 24 and 25 May to see in-person digital signage systems installed within the newly-constructed Queen Sirikit National Convention Center (QSNCC).
REGISTRATION IS OPEN: Admission is Free

One of the world's most attractive destination, Bangkok, Thailand is all set to host AV professionals from all over Asia to gather, network and exchange knowledge on the latest AV trends and developments in Asia and beyond. It will also be a treasure trove of solutions for every organizational need. Professional AV stakeholders can reignite the spark to boost their business right here, and pave the way for their client organisations to advance by quantum leap.

InfoComm Asia 2023 will take place at Queen Sirikit National Convention Center (QSNCC) from 24 to 26 May. Admission is free. Visitors can register their visit and get the latest Show updates at www.infocomm-asia.com.

About InfoCommAsia

InfoCommAsia Pte. Ltd. is the region's preeminent organizer of tradeshows for the Professional AudioVisual (Pro-AV) and Transformative Solutions industries. Through industry-leading shows for China, India and Asia, InfoCommAsia connects global and regional solution providers, vertical market end-users and the supply chain with the most important markets of Asia Pacific.

Additional information is available at:
infocomm-china.com | nixt-china.com | infocomm-india.com | infocomm-asia.com

For more information, please contact:

Rest of the World
Angie Eng Marketing Director
InfoCommAsia Pte Ltd
angieeng@infocommasia.com

Thailand
Kanokwan Sukchaisri
Managing Director Expo Inter Co., Ltd
kanokwan.infocommasia@expointer.net

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

transport logistic Southeast Asia bringing the global industry together at the number one logistics hotspot

SINGAPORE, May 9, 2023 – (ACN Newswire) – Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia. Running from November 1 to 3, 2023, the event will be the most influential meeting place for logistics, mobility, IT, and supply chain management in Southeast Asia. Singapore, which took the top spot among the 179 countries in the World Bank’s Logistics Performance Index (LPI), is leading the way, but the ASEAN countries as a whole are also gaining importance as strategic logistics hubs both now and in the future.

The LPI ranking gave Singapore the best scores in the quality of logistics services, competence and infrastructure categories. With its favorable geographical and geopolitical location on the Strait of Malacca, the city-state is home to one of the world’s most important transshipment hubs with its port. Handling a good 37 million TEU, Shanghai was the only port that was more successful last year. The Tuas Port, which was opened last year, is currently creating 65 million TEU of additional capacity. The Asia-Pacific region is one of the most important markets for air freight, as well. Overall, ASEAN countries are catching up with China, the largest consumer market and production location. These countries are also considered reliable partners from a strategic geopolitical perspective.

“Singapore is the gateway to the greater Southeast Asia region and the most dynamic and exciting hotspot for transport and logistics right now. Many global companies are already active here, and many more want to come to reap the rewards of the attractive conditions. By offering transport logistic and air cargo Southeast Asia, we are creating a platform for shippers and transport and logistics service providers to develop and expand their business in the region. We are experiencing great interest in our new trade fair across all modes of transport,” remarks Michael Wilton, Managing Director of MMI Asia, Messe München’s regional subsidiary.

Messe München organizes leading global events for the transport, logistics, and air freight industries. transport logistic Southeast Asia is the latest in a series of flagship fairs that include India (Mumbai), China (Shanghai), Turkey (Istanbul), South Africa (Johannesburg), the U.S. (Miami), and the world’s largest logistics event in Munich (Germany).

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

About MMI Asia Pte. Ltd

A full subsidiary of Messe München GmbH, MMI Asia established in Singapore in 1992, is now embarking on a significant growth and expansion program, bringing some of Messe München’s world leading brands to the Southeast Asia market. transport logistic and air cargo Southeast Asian editions are organized by MMI Asia Pte Ltd.

transport logistic exhibitions

The international industry network of transport logistic exhibitions consists of ten events. In addition to the leading international trade fair transport logistic in Munich, transport logistic China takes place every two years in China, and the transport logistic China Forum alternates with it every year, both in Shanghai. In Turkey, Messe München and EKO Fair Limited organize the logitrans International Transport Logistics Exhibition in Istanbul every year. Messe München is organizing transport logistic Americas, which will be held every two years in Florida starting in November 2022. From September 2023, transport logistic Southeast Asia will also be held in Singapore for the first time. At all trade fairs, the air cargo sector plays an essential role. As part of transport logistic in Munich, air cargo Europe is the world’s largest air cargo trade fair, while air cargo China is the leading event in Asia. In addition, air cargo India and air cargo Africa are independent trade fairs. Also part of the transport logistic exhibitions is the cooperative transport logistic India @ CTL in Mumbai, India.

Messe München

Messe München is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM – Internationales Congress Center München, the Conference Center Nord and the MOC Veranstaltungscenter München as well as abroad. Together with its subsidiary companies, Messe München organizes trade shows in China, India, Brazil, South Africa and Turkey. With a network of associated companies in Europe, Asia, Africa, and South America, and with around 70 representatives abroad for more than 100 countries, Messe München has a truly global presence.

Contact:

Sabine Wagner
PR Manager
press.shows@messe-muenchen.de

Adam Paulus
Exhibition Director
transport logistic Southeast Asia / air cargo Southeast Asia
adam@mmiasia.com.sg

Janin Detjen
PR contact
c/o Medienbüro am Reichstag
janin.detjen@mar-berlin.de
+49 302061413032

Doubleview Releases Further Analyses from Lisle Zone Drill Holes

Vancouver, BC, May 8, 2023 – (ACN Newswire) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038) (the "Company or "Doubleview") is pleased to announce assay results of Hat Project drill holes H038 to H 043. The Hat Project is a large alkalic copper-gold porphyry-type deposit located in northwestern British Columbia that since 2011 has been explored by Doubleview utilizing technical surveys and diamond drilling operations.

Figure 1. Drill PLAN MAP

Figure 2. Section A – A'

Figure 3. Section B – B'

Figure 4: Section C – C'

Hat Property surveys and drilling have largely been focused to the Lisle copper-gold-cobalt-scandium mineral zone. Principal minerals are chalcopyrite, pyrite and magnetite hosted in volcaniclastic and gabbroic formations. The Lisle Zone has indicated dimensions of approximately 2.7 km by 1.7 km and is still being delimited laterally and at depth.

Drill holes H038, H039 and H040 explored north extensions of the Lisle Zone. Hole H041 explored the far east extension of the Lisle Zone. Holes H042 and H043 explored west extensions. Assays are summarized as follows:

North side of the Lisle Zone:
– Drill hole H038 intercepted 440.3 meters* with 0.82% Cu Equivalent** from surface, including 186.0 meters with 0.89% CuEq.
– Drill hole H039 intercepted 549.2 meters with 0.76% Cu Eq from near surface, including 146.7 meters with 0.87% CuEq.
– Drill hole H040 intercepted 561.2 meters with 0.78% Cu Eq from near surface, including 277.3 meters with 0.79% CuEq.

East side of the Lisle Zone:
– Drill hole H041: intercepted 485.0 meters with 0.81% Cu Eq from 66m depth, including 125.0 meters with 0.96% Cu Eq.

West side of the Lisle Zone:
– Drill hole H042: intercepted 179.0 meters with 0.76% Cu Eq from surface, including 49.0 meters with 0.92% Cu Eq.
– Drill hole H043: intercepted 280.2 meters with 0.79% Cu Eq from near surface, including 149.0 meters with 0.98% Cu Eq.

Note: (*) Drill hole intercepts are presented as drilled. The company does not have sufficient information to provide true deposit dimensions.

Drill hole locations are shown in Figures 1, 2, 3 and 4 and coordinates and other location details are presented in Table 1. Significant intercepts are presented in Table 2 and discussed below.

Farshad Shirvani, Doubleview's president and CEO, comments that "Certain metals, including copper, cobalt, silver, PGMs and scandium, have been identified as strategically important in the development of non-fossil fuel technology related to mitigation of climate change. Doubleview's polymetallic Hat property may become a significant source of strategically important metals. Assay results have shown many long intervals of elevated values of copper, cobalt, scandium and other critical metals, potentially making it a unique and valuable domestic resource to supply scarce metals required by advanced technologies. The Company currently is conducting metallurgical research into several innovative cost effective and environmentally friendly low temperature extraction processes that we believe will make Doubleview's Hat project an important source of critical metals that are vital to the growth and evolution of Canada's climate-related initiatives".

TABLE 1. Drill Hole Data
https://www.acnnewswire.com/docs/Multimedia/20230508.Doubleview1.jpg

TABLE 2. Assay results
https://www.acnnewswire.com/docs/Multimedia/20230508.Doubleview2.jpg

Quality Assurance and Quality Control:

Given the importance of accurate assay results, extra measures are taken to ensure the quality of Hat Project assay data. As part of our QA/QC protocol, fresh sample pulps of 5% of the samples were re-assayed when results were deemed unsatisfactory. Replicate assays were conducted by a second accredited laboratory and showed possibly material variances, especially for critical metals in the Hat deposit. Confirmation work is ongoing and may result in further re-sampling and re-analysis.

The following map and sections show the location of the reported drill holes.

Figure 1. Drill PLAN MAP
https://images.newsfilecorp.com/files/8003/165172_01b4dbbd542f4abc_001full.jpg

Figure 2. Section A – A'
https://images.newsfilecorp.com/files/8003/165172_01b4dbbd542f4abc_002full.jpg

Figure 3. Section B – B'
https://images.newsfilecorp.com/files/8003/165172_01b4dbbd542f4abc_003full.jpg

Figure 4: Section C – C'
https://images.newsfilecorp.com/files/8003/165172_01b4dbbd542f4abc_004full.jpg

Doubleview maintains a website at www.doubleview.ca.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Cautionary Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat Property and there is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as mineral resources.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange [TSXV: DBG], [OTCQB: DBLVF], [FSE: A1W038], [Frankfurt: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company's portfolio of strategic properties provides diversification and mitigates investment risks.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/165172

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

BLUETTI Makes Mother’s Day Special with Various Power Solutions

SYDNEY, AU, May 8, 2023 – (ACN Newswire) – BLUETTI announces a special promotion for Mother's Day from May 6th to 18th. This event features BLUETTI's top-notch power solutions to make Mother's Day celebration memorable.

Celebrate Mother's Day with BLUETTI

Spoiling Mom With a Relaxing Outing

There's no better way to spend quality time with moms than an outdoor excursion such as camping, hiking, or climbing. For more enjoyable outdoor experience, a portable power station like the BLUETTI EB3A, or EB70 is a must-have. They weigh between 4.6kg to 9.7kg and are easy to carry around. With multiple outputs and charging options, including solar input via PV200, they can charge electronics and outdoor essentials anytime.

Empower Road Trip With Mom

Going on a road trip with Mom will create lasting memories. BLUETTI classic model AC200P is perfect for off-grid living. It comes with 2,000W power that can run most RV appliances easily, such as hair dryers, refrigerators, micro ovens, heaters, air fryers, and more. For an extended stay, connect the AC200P with B230 to expand its capacity to 4,048Wh, adding more power supply.

Gift Mom Solid Power & Great Convenience

Give mom these home battery systems–BLUETTI AC500 and AC300, which can be lifesavers during power outages. They both have a responsive UPS function that takes over within 20 milliseconds of detecting an outage. The 5,000W AC500 can work with B300S for a flexible capacity ranging from 3,072Wh to 18,432Wh, – enough power for household emergencies lasting up to a few days. While the modular AC300 can also hold max 12,288Wh energy and supply 3,000W power for nearly all home appliances and high-powered tools.

Warm Greetings to All Great Mothers

BLUETTI sends warm greetings to all super moms and encourages everyone to make today ultra special with its time-limited offers. Additionally, BLUETTI offers even more savings through its referral program. Give friends 5% off and earn BLUETTI Bucks for every dollar they spend.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide. For more information, please visit BLUETTI at https://www.bluettipower.com.au.

Contact Information
Amanda Yan
Integrated Marketing for BLUETTI
pr@bluetti.com
+8615013559696

SOURCE: BLUETTI ENERGY PTY LTD

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

OrbusNeich Kicks Off Clinical Study of Scoreflex TRIO, Completing China’s First PCI Intervention Procedure with High-Pressure, Three-wire Scoring Balloon Dilatation Catheter

HONG KONG, May 8, 2023 – (ACN Newswire) – OrbusNeich Medical Group Holdings Limited ("OrbusNeich" or the "Group"; stock code: 6929), a major global medical device manufacturer specializing in interventional devices for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures, announced today that the high-pressure three-wire scoring balloon dilatation catheter Scoreflex TRIO developed and manufactured by its wholly-owned subsidiary OrbusNeich Medical (Shenzhen) Company Limited, has been used successfully in a PCI procedure for a 65-year-old patient with severe coronary artery stenosis and calcification. This first case of success marks the beginning of the clinical study across China for obtaining the product approval.

The principal investigator of the clinical study is the team led by Prof. Ge Junbo, Academician Zhongshan Hospital, Fudan University. Following the successful procedure on the first patient, the team highly commended the product, recognizing its ability to provide patients with a safe and effective treatment option.

Mr. David Chien, Chairman, Executive Director and Chief Executive Officer of OrbusNeich, said, "OrbusNeich has launched earlier Scoreflex and Scoreflex NC scoring balloons in Mainland China, which are respectively the first scoring balloon and first high-pressure scoring balloon approved by the National Medical Products Administration. The clinical study on Scoreflex TRIO has officially begun now in Mainland China with the first successful trial recorded. The Group will continue to strive to provide more treatment options to patients in Mainland China. Scoreflex TRIO works in a way that can minimize damage to the interior of the arteries, making relevant procedures safer and more likely to succeed. Launched in Japan in 2021, it saw the Group achieving considerable growth in sales in Japan in 2022, while providing an effective and safe medical solution to many patients. The clinical study team led by famed Academician Ge Junbo has profound professional knowledge and clinical experience, hence we are confident of speeding up the study. In the past two decades, OrbusNeich has the service of very strong R&D and manufacturing teams and has also worked closely with clinical personnel to develop and launch interventional devices for PCI and PTA procedures to meet market demand. In the future, building on this solid foundation, the Group will strive to provide a variety of endovascular and structural heart interventional products to effectively improve the patients' quality of life."

About Scoreflex TRIO
Scoreflex TRIO is the first China-made proprietary coronary three-wire scoring balloon dilatation catheter, developed by OrbusNeich Medical (Shenzhen) Company Limited. The product, through the radial or femoral arteries, channels the guidewires to the target lesions of the coronary arteries. The guidewire and the two integral wires on the balloon act as the external scoring elements, which can generate focal forces on the luminal surface of the balloon, allowing the balloon to open up the coronary lesions and dilate the narrowed coronary arteries at lower pressure, thus effectively stretch the diseased parts and prevent obvious intimal tear and dissection, thereby help improve blood flow and myocardial perfusion. Serving as the pre-dilatation balloon catheter in PCI, Scoreflex TRIO's longitudinal focused force angioplasty [FFA] mechanism can further reduce residual stenosis and improve procedural success relative to ordinary balloon dilation. It can also lower the chances of vascular intimal tear, reduce vascular damage and inflammation, enhancing procedural safety and reducing recurrence of stenosis. FFA mechanism of action of the high-pressure three-wire scoring balloon dilatation catheter allows vessel dilation at lower balloon pressure, such longitudinal progressive angioplasty can minimize vascular intimal damage, increase minimum lumen diameter and reduce residual stenosis.

About OrbusNeich Medical Group Holdings Limited
OrbusNeich is a major global medical device manufacturer specialized in interventional instruments for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures. Headquartered in Hong Kong, China, OrbusNeich sells products to over 70 countries and regions worldwide, and it is also the only PCI balloon manufacturer headquartered in China that ranked among the top 6 players in all major overseas PCI balloon markets including Japan (Ranked No. 2), Europe (Ranked No. 4), and the U.S. (Ranked No. 6) in terms of sales volume of PCI balloons in 2021 in accordance with the CIC Report. In addition, in terms of sales volume of PTA balloons in 2021, it ranked No. 3 in Japan and No. 4 in the U.S., respectively. It also specializes in coronary stent products and is actively expanding into neuro vascular intervention and structural heart disease areas. OrbusNeich owns more than 180 granted patents globally. Its in-house R&D team has over twenty years of product development experience and has developed proprietary, world leading technologies.

For more details, please visit the Group's official website: https://orbusneich.com/

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

Crypto Oasis Ecosystem Report 2023: Identifies 1,800+ Organisations in the Thriving UAE Web3 Space

DUBAI, May 8, 2023 – (ACN Newswire) – The UAE's crypto ecosystem continues to grow at an unprecedented rate, with over 1,800 organisations currently identified as of Q1 2023, according to the second edition of the Crypto Oasis Ecosystem Report. The report, developed in collaboration with the DLT Science Foundation and Roland Berger, one of the leading management consultancies, offers a comprehensive summary of the UAE's Blockchain evolution driven by Web3, cryptographic, and Blockchain technologies. Roland Berger also exclusively contributed with three thought leadership articles that are exclusively published in the report.

Highlights:
– Get an in-depth look at the world's fastest growing Blockchain ecosystem in the newly launched spring edition of the report at the Dubai FinTech Summit 2023
– The report provides a comprehensive breakdown of the ecosystem's main elements, including Governments & Associations, Startups & Projects, Investors & Collectors, Service Providers, Corporates, and Education & Research
– Of the total number of organisations, native ones make up 70.24% (1,270 organisations), while non-native ones account for 29.76% (538 organizations)
– The report was produced in partnership with the DLT Science Foundation, a global nonprofit organization newly established to bring together top academic institutions, industry leaders and developers to further society's adoption of DLT and other exponential technologies, and Roland Berger, the leading management consultancy with a strong expertise in Digital Assets, Web3 and Metaverse. Roland Berger exclusively published three thought leader point of views as part of the report
– Additionally, the report features an in-depth regional analysis of the UAE by leading blockchain data platform Chainalysis

The report, which was launched during the Dubai FinTech Summit organised by the Dubai International Financial Centre (DIFC), highlights that more than 8650 professionals currently work in organisations within the Crypto, Blockchain, Metaverse, and Web3 Ecosystem of the UAE, representing a 4.2 percent increase from Q4 2022. The report is divided into six parts, including Governments & Associations, Startups & Projects, Investors & Collectors, Service Providers, Corporates, and Education & Research.

Native organisations account for 70.24% (1,270 organisations) of the total number, while non-native organisations account for 29.76% (538 organisations). During Q1 2023 alone, over 150 new organisations were identified, bringing in more than 350 new professionals to the thriving ecosystem. Approximately 72.8 percent (roughly 6,301) of these individuals work for native Blockchain organisations, while the remaining 27.2 percent (approximately 2,350) work for non-native companies.

"The second edition of the Crypto Oasis Ecosystem Report is a valuable resource for anyone interested in the Web3 space and will be an essential tool for policymakers, investors, and entrepreneurs looking to navigate the rapidly evolving landscape of blockchain technology," said Saqr Ereiqat, co-founder of Crypto Oasis. "The report is a result of comprehensive research undertaken by the Crypto Oasis Research team, which involved an in-depth analysis of the UAE Web3 Ecosystem."

Paolo Tasca, co-Founder and chairman at the DLT Science Foundation, said, "At the DLT Science Foundation, we are keen to reach out into and connect with the fastest growing Web3 Ecosystem in the world! This report provides a unique market analysis of the crypto and Web3 key players in the UAE. We are glad to have contributed to it."

Pierre Samaties, Partner at Roland Berger Middle East and leading the Global Digital Assets, Web3 and Metaverse practice, said, "The growth of the UAE Digital Asset and Web3 ecosystem is very impressive. It is driven by forward looking regulation, a welcoming talent immigration environment and a remarkable appetite from government and institutions to adopt the many opportunities the technology brings."

The report also contains insightful thought leadership articles from major players in the industry, including , Circle, Citigroup, DIFC, DMCC, GenTwo, QORPO, Pulse World, Ripple, Securrency, State Street, Tokengate, Venom, Virtua and Yield App. Additionally, the report features a detailed regional analysis of the UAE by Blockchain data platform Chainalysis.

Suzana Obradovic, Regional Director Middle East and Africa at Chainalysis, said, "We are excited to bring our blockchain data insights to the Crypto Oasis Ecosystem Report. The launch of the report, already in its second edition, marks an important milestone in the growth of the Web3 ecosystem in the UAE. By building out comprehensive regulation and embracing future technologies, the UAE has made itself very attractive to Web3 enthusiasts looking to establish themselves in the region."

You can download the report at www.cryptooasis.ae/report

About Crypto Oasis

The Crypto Oasis is a MENA focused Blockchain Ecosystem headquartered in Dubai, UAE. The core elements needed for its growth are Talent, Capital, and Infrastructure. The Ecosystems stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers and Government Entities & Associations. Crypto Oasis' vision is to be one of the leading Blockchain Ecosystems in the world. Today it is the fastest growing Blockchain Ecosystem in the world, with more than 1,800+ organisations identified in the UAE alone with more than 8,650 individuals working in the space. www.cryptooasis.ae

About DLT Science Foundation

The DLT Science Foundation (DSF) is committed to address grand challenges by adopting and promoting distributed ledger technologies (DLT) and other exponential digital technologies. The DSF achieves this aim by empowering education, innovation, and research through its academic network and partnerships with industry leaders. The DSF expands knowledge transfer from academia to industry, promoting a stable adoption of DLT in business, government and society. Our foundation operates as a global, decentralised entity, much like the technology we promote. A network of world-leading experts from around the world pools their knowledge and expertise to deliver the DSF's vision. The DSF team works tirelessly to further its mission, supporting educational initiatives, empowering researchers, and acting as a hub for startups, universities, and knowledge-transfer institutions. The foundation stimulates innovation through activities such as hackathons, commercialising research, and much more. www.dltscience.org

About Roland Berger

Roland Berger is the only management consultancy of European heritage with a strong international footprint. As an independent firm, solely owned by our Partners, we operate 51 offices in all major markets. Our 3000 employees offer a unique combination of an analytical approach and an empathic attitude. Driven by our values of entrepreneurship, excellence and empathy, we at Roland Berger are convinced that the world needs a new sustainable paradigm that takes the entire value cycle into account. Working in cross-competence teams across all relevant industries and business functions, we provide the best expertise to meet the profound challenges of today and tomorrow. www.rolandberger.com

For more information contact:
Faisal Zaidi
Crypto Oasis
faisal@cryptooasis.ae
+971552000840

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

HKTDC: 60% of Japanese companies expand RCEP business via Hong Kong

HONG KONG, May 8, 2023 – (ACN Newswire) – About 90% of Japan-affiliated companies based in Hong Kong manage or handle business in at least one Regional Comprehensive Economic Partnership (RCEP) market other than Japan, according to a recent survey conducted by the Hong Kong Trade Development Council (HKTDC).

HKTDC Director of Research Ms Irina Fan (L) and HKTDC Economist Mr Corey To (R) announced
the survey findings of Japanese companies in Hong Kong expanding their business in the RCEP market.

More than 60% of respondents plan to expand their RCEP operations through their Hong Kong office in the next three years, with the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) (40.4%) and the Association of Southeast Asian Nations (ASEAN) (39.4%) the most popular destinations.

The respondents are making use of Hong Kong's well-developed logistics and commercial networks, as well as its world-class business services to manage and expand their global business, particularly in the Asia-Pacific region.

Further integration into regional supply chains

RCEP came into effect last year, the world's largest free trade bloc made up of 15 member countries, including China, Japan, Korea, Australia, New Zealand and the 10 ASEAN economies. It accounts for about 30% of global GDP, trade and population, injecting impetus into regional economic development.

Last year, RCEP economies accounted for 71% of Hong Kong's total merchandise trade. "Hong Kong has applied for accession to RCEP and once approved, the city will become the first new member of the bloc, enjoying a wide range of benefits, such as tariff concessions. It will also help Hong Kong further integrate into regional supply chains and strengthen trade and investment with other members in the bloc, especially Japan and Korea, which have yet to sign free trade agreements with the city," HKTDC Director of Research Ms Irina Fan said.

Hong Kong: Premier platform for RCEP

About 1,400 Japanese companies have set up regional headquarters or offices in Hong Kong. With the support of the Hong Kong Japanese Chamber of Commerce & Industry (HKJCCI), the HKTDC has surveyed more than 100 Japanese companies via a questionnaire to better understand their business development in the first year of RCEP, advantages of the Hong Kong platform and services, and the city's role in helping them expand into the RCEP market.

Most of the survey respondents operate in the import and export trade sector, followed by wholesale and retail, finance and logistics. More than 20% said their Hong Kong office serves as the company's overseas headquarters or main regional office that manage operations outside of Japan. Other functions include marketing and sales (73.5%), logistics and supply chain management (36.3%) and sourcing and procurement (25.5%).

HKTDC Economist Mr Corey To said while Hong Kong is currently playing an important role in facilitating RCEP related business (close to 90% of the respondents manage or handle RCEP business via Hong Kong), over 60% of the respondents see Hong Kong as "important" or "very important" in helping them capture arising business opportunities in the RCEP region.

Respondents also revealed that strong regional connectivity makes Hong Kong the premier platform for RCEP. Core strengths include business networks with Mainland China (88.8%), freedom of capital flows and currency exchange (79.7%), efficiency as a transshipment and distribution hub (72%) and more.

More benefits from Hong Kong's RCEP accession

The survey also found that more than half of the Hong Kong-based Japanese trading companies have already enjoyed RCEP benefits, such as unified rules of origin, lower tariffs and streamlined customs procedures. Close to 80% anticipate more benefits, should the city join the bloc. This reflects Hong Kong's role as a major logistics hub in the region as well as its deep trade ties with many RCEP economies.

Mr To said among the non-trade sector, 60% expected to benefit from Hong Kong's RCEP accession, largely because of the anticipated increase in economic activity and investment flows across Mainland China, Hong Kong and Japan, and due to improved access for service sectors and enhanced intellectual property rights protection, which will create new opportunities for different sectors, such as e-commerce.

Overall, more than half of the respondents suggested that Hong Kong's accession to RCEP would improve their company's ability to capture RCEP business opportunities. Providing marketing information about RCEP economies and encouraging co-ordination among public bodies and regulators were also seen as helpful.

Hong Kong as a base for regional business

The survey results echo the statements made in HKTDC Research's in-depth interviews conducted with Japan-affiliated companies in Hong Kong. These case studies show Hong Kong's competitive edges in a number of areas, which is beneficial to Japanese companies that aim to leverage Hong Kong as a base for business expansion in the region: solid financial infrastructure, well-established hub for international trade and logistics, quality professional services and a pool of diversified talents, prime location adjacent to GBA and among key economies in the Asia-Pacific.

Please read Japanese Business Perspectives series published by HKTDC Research for more details:

Interviewee: Takeshi Iida, President and Managing Director, Mitsubishi Corporation (Hong Kong)
Research article: Harnessing the Power of Hong Kong as a Commercial Hub
https://research.hktdc.com/en/article/MTEwNjgwMzA0MA

Interviewee: Atsushi (Ash) Kato, Head of Corporate Office, NTT DATA Hong Kong Limited
Research article: Integrating Regional Payment Solutions via the Hong Kong Hub
https://research.hktdc.com/en/article/MTEzMzgwMjM0Nw

Interviewee: Min Zhu, CEO, BYFIN (SBI Group)
Research article: Hong Kong-Facilitated GBA Fintech Opportunities
https://research.hktdc.com/en/article/MTA4OTc3MDI5Nw

Interviewee: Yoshinori Nakamura, Managing Director, Tachibana Sales (Hong Kong) Ltd
Research article: Hong Kong Powers Regional Electronics Trade
https://research.hktdc.com/en/article/MTE1NDU3ODg1Mg

Interviewee: Susumu Muguruma, Chief Operating Officer, Valuence Holdings
Research article: Taking the Pre-owned Luxury Goods Trade Global via Hong Kong
https://research.hktdc.com/en/article/MTEyNjA3MDkzOQ

References
– HKTDC Research website: http://research.hktdc.com/
– Japanese companies see Hong Kong as premier business platform to tap RCEP opportunities: https://bit.ly/41ZN80v
– Photo download: https://bit.ly/3AIpppV

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 the HKTDC's Communication and Public Affairs Department:
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org

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

The 13th PropertyGuru Asia Property Awards (Singapore) programme begins call for entries in resilient market

BUYERS MAINTAIN A POSITIVE VIEW OF THE MARKET’S LONG-TERM OUTLOOK

SINGAPORE, May 8, 2023 – (ACN Newswire) – The PropertyGuru Asia Property Awards (Singapore) programme is now open for entries for its 13th edition in 2023.

Organisers of the 13th annual PropertyGuru Asia Property Awards (Singapore) now challenge the country’s leading and emerging development companies and design practices to compete for recognitions that showcase and provide an international platform for their exemplary, outstanding achievements.

Entry submissions are accepted online until 1 September 2023 via: asiapropertyawards.com/

The Singapore property market is off to a promising albeit slower start in 2023. The housing market remains resilient despite uncertain geopolitical and macroeconomic conditions, rising inflation, and increasing interest rates, according to the PropertyGuru Singapore Property Market Report Q1 2023.

Defying economic downside pressures, property prices climbed in 2022, partly due to tight supply, amid declining sales volumes across all property types. Despite the increased cost of acquiring homes, many buyers maintain a positive view of the market’s long-term outlook.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “Singapore developers continue to lead the way with designs and concepts that are not only deserving of international recognition, but also set a high standard for Southeast Asia. We are confident that this year’s entries will be just as exemplary, displaying Singaporean prowess in creating sustainable built environments and aspirational developments where people can live, work, and thrive.”

Kristin Thorsteins, chairperson of the PropertyGuru Asia Property Awards (Singapore) and head of partnership growth for APAC at IWG PLC (Singapore), said: “In recent years, Singapore developers have demonstrated remarkable resilience and flexibility, responding to changes by creating more sustainable spaces and integrating nature into their projects. As we look ahead, we anticipate witnessing further benchmark-setting innovations among our entries this year, as Singapore continues to adapt to post-pandemic societal changes and prepares to face any challenge with unwavering determination and vigour.

“With a robust infrastructure ecosystem and a commitment to green-building technologies, Singapore is at the forefront of sustainable development, leading the way in reducing energy and water consumption, as well as carbon emissions. We are confident that Singapore’s developers will continue to drive innovation in the real estate industry, creating spaces that are not only resilient, but also sustainable and in harmony with nature.”

The black-tie gala dinner and presentation ceremony of the 13th PropertyGuru Asia Property Awards (Singapore) will take place at The Ritz-Carlton, Millenia Singapore ballroom on Friday, 27 October 2023.

Key dates for the 2023 edition:
1 September 2023 – Entries Close
11-29 September – Site Inspections
3 October 2023 – Final Judging
27 October 2023 – Gala Dinner and Awards Ceremony in Singapore
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are encouraged to submit their nominations before the deadline of entries on 1 September 2023 here: asiapropertyawards.com/nominations

Led by Thorsteins, an independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development, will participate in a rigorous process selecting the award recipients.

The resulting shortlist of nominees will be able to showcase their companies and projects to a wide network of property seekers, real estate agents, banks and valuers, and other enterprises served by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company.

Supervised by HLB, the global network of independent advisory and accounting firms, the awards programme makes full use of a professionally run and fully transparent judging system, with an established reputation for fairness, credibility, and integrity.

Excellent Asian companies

Main winners from the 2023 edition of the PropertyGuru Asia Property Awards (Singapore) will qualify to compete with other excellent companies across the region for the ‘Best in Asia’ honours at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December 2023.

Singapore companies scored several regional wins at the 17th PropertyGuru Asia Property Awards Grand Final 2022. GuocoLand was named Best Luxury Developer (Asia) and Best Sustainable Developer (Asia) while UOL Group Limited was named Best Hospitality Developer (Asia).

UOL Group Limited also won Best Hotel Development (Asia) for Pan Pacific Orchard. Park Nova by Shun Tak Holdings gained the Best Condo Architectural Design (Asia) title while Artyzen Singapore by Artyzen Hospitality Group won Best Hospitality Interior Design (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

The 13th PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partner d+a Magazine; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, 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.

In 2023, the Awards series is open to more than a dozen key property markets around the region. 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 2023.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading¹ PropTech company, and the preferred destination for over 41 million property seekers² to connect with more than 63,000 agents³ monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings⁴, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, 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 of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

¹Based on SimilarWeb data between July 2022 and December 2022
²Based on Google Analytics data between July 2022 and December 2022
³Based on data between July 2022 and December 2022
⁴Based on SimilarWeb data between July 2022 and December 2022

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

Luxshare Precision Announces 2022FY and 2023FYQ1 Financial Results

HONG KONG, May 8, 2023 – (ACN Newswire) – Despite facing numerous challenges over the past year, including a global economic slowdown and weak demand for consumer electronics, Luxshare Precision, a leading global manufacturer of cable & connector assembly and system solutions for consumer electronics, automotive interconnect and communication interconnect, has achieved remarkable results.

On April 27, Luxshare Precision released its annual report for 2022 and its first quarter results for 2023. In 2022, the company achieved operating revenue of approximately RMB214.028 billion, representing a year-on-year increase of 39.03%. Net profit attributable to shareholders of the listed company was about RMB9.163 billion, representing a year-on-year increase of 29.6%.

In the first quarter of 2023, Luxshare Precision kept its growth momentum, achieving operating revenue of RMB49.942 billion, representing a year-on-year increase of 20.05%. Net profit attributable to shareholders of the listed company was RMB2.018 billion, representing a year-on-year increase of 11.9%.

Although the market raised questions about Luxshare Precision's reliance on a single large customer, from the recently published financial report can we see that it has chosen to grow alongside the world's prime clients and has better credit terms than its peers. This not only accelerates the turnover of accounts receivable but also ensures a healthy cash flow.

In 2022, Luxshare Precision's net cash flow from operating activities was RMB12.728 billion, representing a year-on-year increase of 74.72%, which shows a significant improvement. At the same time, the company's accounts receivable turnover days in 2022 were 48.5 days, showing a decrease of 4.66 days.

According to news from Taiwan's Economic Daily News on April 26, Apple will include Pegatron and Luxshare Precision as iPhone 15 series suppliers. It is expected that Pegatron will obtain iPhone 12% assembly share of 15 Pro mobile phones, while Luxshare Precision will obtain 15% assembly share of iPhone 15 Ultra mobile phones. Based on market data, Luxshare Precision shipped approximately 20 million iPhones in 2022, and under optimistic estimates, the company's iPhone shipments this year could increase to 42-50 million units.

In addition, Luxshare Precision's R&D investment has seen a steady increasement in recent years. In terms of R&D investment, the company has invested a total of RMB20.834 billion in the past three years, of which RMB8.447 billion was invested in 2022, hitting a five-year high. In 2022, the company has accumulated 4,526 invention patents, representing an increase of 46.47% compared to the end of 2021, leading the industry in R&D strength.

It is also worth noting that the company's interim report forecast for 2023 was also released alongside the Q1 report, showing that Luxshare Precision's performance in the first half of 2023 has stable progress. Net profit attributable to shareholders of the listed company for the first half of 2023 is expected to be RMB4.162-4.541 billion, representing a year-on-year increase of 10%-20%.

In summary, Luxshare Precision is moving from a single business mode to a more diversified and comprehensive development. Given the vast blue ocean market and great growth opportunities, it is believed that Luxshare Precision has a promising future.

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